THE WAR'S EFFECT ON SHIPPING.
RISH IN US, TONNAGE.
UNITED KINGDOM SUFFERS.
GREATEST DECREASE.
For the first time since the out break of the war Lloyd's Register of Shipping has been issted entirely free from censorship. The 1920 edition has been carefully revised and brought up to date, and "all camouflage as regards. losses, which was rendered necessary by war
conditions, has been eliminated.
An examination of the new stati-
BRITISH INVESTMENTS IN
PARGENTINA: Da
Referring to news reports Pileging triction between Great Britain sod. Argentha due to extensine English investments in the latter country, the National Bank of Complerte in New York says that: 2,000,000,000 dels has been considered a conservative estimate of the amount of such in
vestments.
"Owing to the newness of the industries the bank says. Argen country, and the character of it tina has always been a heavy im porter of foreign capital. A report stical tables shows that in July, 1914, recently issued by the Director there were in the maritime countries general of Commerce, and Industries about 45,404,000 tons TOAS. of
of Argentina clearly shows the pre steamers, and 3,686,000 tons et donninance of British capital in the Capproximately, equal to 4,060,000 industrial organisation of therepublic. tons grose) of sailing vessels. The The total amount of British invest 17,897,000 tons, and sailing tempage billion dollars has been considered a present figures are Steam tonnagement there in not known, but two 3,022,000 tons, the tonnage of steamers having thus increased by in figures include, only the realised conservative estimate. The follow- nearly 24 million tons, while the sail capital of limited liability com- tonnage has decreased by about 1,030,000 tons gross.
The seagoing tonnage of the Uni-aways and ted States has increased by about her seven and three-quarter million tons -from 2,027,000 tons to 9,773,000 on- tons--equal to more than 352 per cent as compared with the 1914 totals. Japan has added 617,000
panies :-
National Writin
Bola.
Dealing
Other Countries.
THE CHINA MAIL.
THE FALL IN STERLING
EXCHANGEST SENS
CALL FOR A PLAN OF
L
affecting the corn and cotton markets. The fall in sterling exchange was
at New York on Aug. 23, in spite of
CLOSE TIME IN
CLUBLANI
ora.
IRELAND THE WEALTHY.
* 3:2
AN UNEXHAUSTED COUNTRY
Amaithin.
A man who is a member of four [clube complained to me that he_bird'
Mr. John Jeroma Rooney has the no club to go to. All of his cube, he said, were closed for cleaning and following intereating letter in the My eclectic club friend was not rely attention was attracted to the repairs.
Neie York Times:-
quite right in waging that he had no heading on your special oabice this the fact that corn was not formerly club to go to, as each of his can morning from Londod and Belfast: affected by the foreign situation, and wish or other club for the tem and Scottish Trust Supply Funds for chube which bad closed had arranged
"Mions for Ireland.
export. In the cotton market the ben, August nal September, or the effect that $150,000.000 was to that there is little cour available for porary accommodation of its mem Housing The statexat was to demoralised foreign exchange arcused pariksulely Sapteraber, the be invested for housing purposes in a good deal of comment, as it is months always chosen by the Lon: Ireland, and another $2,000,000 for likely to have some effect on the don clubs to close. Then the sluss the development of Try shipping, export of the commodity.
get cleansed, the servants get a hold on a pacely business basis.
This will be surprising news to day, and the members have to go sebere. As a general mile many any of our investors seeking Fo members are away from London dur. fible employment for their funds ing those months and do not feed the foreign investment. So little his inconvenience.
been said of the vast industrial pose Pibilities of reload that that country is practically a teria incognita to the business worki Yet Ireland can- tains, in its bend and in the ocean waters wording is. what old Sara Jhawna cove scribed Most
to Mrs. Tale's brewery, e potentiali ths of wealth beyond the dreams of The en af Ireknd is one of the richest in the world: the seas of every side at land warn' with
The break in foreign exchanges stated in banking, circles to imperil
States, and it readers daily more the entire export trade of the United
urgent the question of a comprehen- sive plan for the extension of credit to prospective purchasers in Europe.
the hospitality of anollee white it The system of nine chib accepting is,, closed, and in turn offering aes commodation to the members of the CITY SUGGESTIONS AND VIEWS..
other club when their turn comes has long been in practice. "The rate of exchange is still very clubs are for many years now inter. terprisen.... 311,370,931 1,354,28 17. sensitive," S. Montagu and Co., the changed with the same club, but in exchange brokers, explained on. Aug. the original pairing a good deut of 43,291,170 0.32 17.22.We do not see anything in the considention had to be given to suit. "It is known that British capital situation which would tend to make ing like to le
For instans, it wouk! he na ar.
Quercial
terprise
ایم
**
Total'...
D 1".
INITRILI TESTREZAN 13,443.1
16
arazice.
tons to her merchant tonnage, equal in rallways alone amounts to 1,18, the value of the pound higher 10-day rangement scarcely suitable to either fal, and, in past centuries, fie fish- to over 36 per cent, and the British | 756,484 dols. This represents about than it was yesterday. Still, it is wide if the National Liberal Club in. g crait of Ireund went out from
Dominions have added 231,000 tons, ten times the railway investments of:
or over 14 'per cent. The countries any other foreign country in the higher. It may be, of course, that, terchanged with the Carlton. One every part of the const; the har-)
where the greatest decrease has taken Argentine. The distribution of British some sort of credit arrangement has place areThe United Kingdom, capital by industries, shows how been made in New York, but we can
sun imagine poltient discussions of
when Sir Charles X.. for twenty
bours, more than 20 of the first glass, were filled with ocean-going vessels.
showing a loss of more than two and thoroughly the British lender has not tell what is going on on the he most acrimonious kind are trading to the Continent and the a half million tons-from 18,892,000/ Penetrated into the ecocomic life of other side. The rate is of course years Conservative member for Pud. Mediteranean; and to America; every
tons to 16,345,000 tons, Greece the country:— $30,000 tons, Norway 360,000 tons, Italy 192.000 tons, Spain 175,000 tons, and Denmark 139,000 tons,
Enemy vessels which at the date
!
Tramways Forestal products ... Gas
Tobacco, sugar, wine and
beer........
all against the American exporter, and he will go any lengths to get Dollars.
it turned about. He has plenty to 133,434,262 sell, plenty of buyers, but, alas! the
31,239,952 buyers have no money." 29,661,614
lecomb and tenth possessor in his the country is of the highest quality, fine of Fudkecomb Hall und the and that the people of Ireland have one knows it the wool and fax of
estates thereof, found himself sented next at dinner to Firebrace Smith, the, Weaver; there are great coal singukir aptitude in the arts of of the Armistice had not been cap. Mortgage companies 28,408,685 value of the purchasing power of and was now in the House of Coin the Arigna feds, of high, grade This continued depreciation ined bir cut of his seat at Puddlecom deposits in Ireland, practically un-
M.P. (Socialist-Lab.), who had burn.
worked, notably in County Leitrim; 28,062,336 the pound in America has brought mons trying to turn bin out of his bituminous deposits; and, as to the
forth many suggestions from many house and property. 27.241,081 quarters as to the remedy.
One does not imagine that the produce and meats of the country? 27,097,519 says in
his belated apologia." wholly at home it during the time 24,662,999 a banker declared recently. Ap- 21,067,079 parently we are to hope for no re the temporary use of the Jockey Club. their premises were shut they had Telephones & telegraphs 15,557,840 medy from the Government. Govern. In point of let, the Afterum and Electric light and power. 13,239,411ment support of foreign exchange is Metallurgical and mineral 5,429,837 to be abandoned, except in so far as Rag have for years shared "The close trade relations between sore support may for a time be cach other's hospitality, and it is to Argentina and the United Kingdom recessary to prevent complete col- be hoped that the members of the are shown by the fact that for lapse. That means but one thing. Atheneum frd Indian curries and trade year (1944), showing the trade! 1914 figures is the relative position long period almost" cne-third of the It is left for someone else to suggest and port some conspensation for the between Great Britain and the fol- j
tured or requisitioned by other coun- tries are included in the 1919 figures as German and ex-Austro-Hungarian The tonnage of enemy vessels taken over by the Allies since the Armis. tice amounts to over one and three- quarter million tons. Germany's total of 3 217,000 tons indicates a loss of 1,888,000 tons at the date of the Armistice, as 'compared with 1914, and the figure will be considerably increased.
One of the most striking results of the comparison of the 1919 and the
Meat freezing and pre-
serving Docks, warehouses and
waterworks Farms and ranches .............. General stores
SOUTH CHINA SILK
TRADE...
"Note what the Prime Minister members of the Athenatura would be the cords of the end, bet,
and apply the remedy.
"What remedy do I suggest? Some co-ordinated effort to make our total exports balance our total imports. The Government appear to be of the opinion that this readjustment will take place automatically. Perhaps they are right. But a strong shoulder to the wheel will hasten the day.”
GET OUR GOODS SOLD,
temporary loss of their famous liberty,
40
sales; domestic bacon and poultry, butter and eggs speak for themselves.
HER TRADE RECORD.
How many of your readers know of the following record (British official retum in the last normal
lowing named countries:
Portugal
£6,000,000 Austro-Hungary 2,000,000 Japaz
Spain
Italy
12,500,000
21,000,000
21,000,000
Belgium Russis
24,000,000
32,000,000 29,000,000
£3,000,000
70,000,000
135,000,000
Holland France
Germany Ireland
United States. 173,000,000
of the United Kingdom and the total imports into Argentina were United States. In 1914 41.6 per cent! received from Great Britain, to which of the world's tonnage was owned one-third of Argentina's total exports
Two other clubs whiel provide a in the United Kingdom, and 4.46 were sent. The war has resulted in
slight change of seene for each other per cent was composed of seagoing a small reduction in the amount of
during the close season I will not tonnage of the United States. The imports from Great Britain, but
name, but they, no doubt, will be present figures are United King- exports to her show a tendency to
known to many of my readers. One dom 34.1 per cent, United States 24.9. increase.”
is one of the oldest and most old- per cent, including 20.4 per cent of
fushinned of London clube, of which the sea going tonnage. By excluding
it was once said that the waiter came wood tonnage, the American sea-
into the cofee-room every morning going tonnage would be reduced to
Another banker says: "There is to sweep out the members who had 8,426,000, against 16,267,000 tons
only one method of raising the Naw died during the night: the other is for the United Kingdom. As regards
York price of a bill on London, and a go-alvead young soldiers' club. For the size of the vessels. it is generally
that is to have more buyers of bills some reason best known to Proci. the accepted fact that for ocean
The silk trade of South China for who, by competing to get them, will dence, these two clube share each of the United States, was and is Ireland, with the single exception voyages large vessels are more the season which ended May 1 was raise the price. There is only one other's hospitality during the close England's most valuable customer. efficient and economical than smaller fairly successful on the whole. The method of creating buyers of these season. vessels. Vessels of less than 2,000 total exports of silk of all grades are bills, for the only people who want i
A feature disadvantageous to Ireland Now is the old-fashioned club in this enormous trade is that about tons are usually employed in the placed at 41,700 bales as com to buy them are foreign buyers of there are only one home trade or for short sea voyages pared with 37,500 bales in the British goods.. There is only one where it is permissible to smoke. commerce goes through cze channel,| two rooms 95 per cent of all Ireland's foreign in the foreign trade. For this pur season ending May 1, 1918, and method of creating more foreign The morning-room facing the street England; thus being the benefits pose the geographical position of the 27,100 bales in 1917. Of the ex-buyers of British goods, and that is is a room in which it is regarded as to Ireland of competition for Ire- United Kingdom is more favourable parts during the past season the by putting our goods on the world particularly sacrilegious to daze, and land's products. But Ireland is now than the position of the United States, United States took 20,700 bales as markets on more favourable terms. bere the older members sit reading taking active measures to redress As a la ger number of smaller vessels compared with 21,000 bales for can be employed in the foreign trade Europe. In the season of 1918 the turers taking to get these remedies the soldiers in their own club-smote-America and the Continent, as she "What steps are British manufac their paper of a morning. Of course this balance and to deal direct with of the United Kingdom-than is United States-took 15,700 baler under way? Mr. S. Springer, bead everywhere, and are ap: to forget dit in the days of her national in- possible in that of the United States, and Europe 21,800 bales, and in of the overseas service of the Federa, the traditions of the older establish dependence and the self-control of
1917, the United States imported tion of British Industries, was asked. ment when their own is closed. An ter industries. After the United Kingdom and the 13,000 bales and Europe 14,100 bales.
The question of balancing examusing morning may be spent in United States and excluding Ger
Although considerable stocks" of ports and imports are based on two sitting in the morning-room of the cially is one of the few unexhausted Ireland Industriaily and commar- many Norway, France, and Japan old silk are carried over into the primary considerations," he replied: were the leading countries in 1914, new season the exports have been production and the export trade.ker ch to watch the young bloods countries of Europe. As a field for The order, however, has now been profitable, and the indications are The first is a national matter, and Se in. sit down with cigarettes in enterprise and investment the coun reversed as regards Norway and that the new crops will be short the employee should be as vitally their mouths, gradually become con- try is one of the most inviting in the Japan, the latter country now leading enough to enable consuming mar- interested and concerned in it as of ancient and wrathful eyes world. When the wide-awake Sorts with 2,325,000 tons. France, not-kets to take all silk on hand at a employer.
curing at them over The Times, and the world-compelling Americans withstanding her large losses during good price. The first of the new It is not a question in which one throw their cigarette into the grate, take notice, surely that is proof the war, has actually added 40,000 crops is reported at about 3,000 bales class alone can succeed while the and slip out again. tons, to the steam tonnage owned in compared with 7,000 bales last year, other fails. If one falls short, then.
enough. Let us trave more nowa. special news, from industrial and 1914. Greece has suffered seriously and 6,000, in 1917. High exchange both fall short. owing to the war.
financial Ireland. In 1902 this continues to be the chief drawback "Export trade, on the other hand, country had 288,000 tons of steam to an active and profitable trade, as is a matter entirely for the manufac tonnage, which in 1914 had grown it benifits neither the American or turer, producer, and export merchant. to 321,000 tons. The present total, European importer nor the Chinese These three classes must realise 291,000 tons, is practically the same exporter.
that not only have they to recover
JAPAN IN THIRD PLACE.
100 GUESTS IN HYDRO FIRE.
GIRLS WHO GET HUSBANDS.
as was owned in that country seven- American importers are showing all the export trade which was of a fire at the Waterloo Hydro, Aberya- Acrobato escapes were made from teen years ago. The loss of tonnage rather more than ordinary interest in necessity given up during the warstwy. Over 100 people were star have arrived at a marriageable age won- as compared with 1914 of the Scandi South China silk piece goods (says but they must also find additional ing at the premises, which has 120 der how it is that other girls less pre- Many mothers of pretty girls who navian countries-Norway, Sweden, an American Consular report). Com-export trade to make up for the and Denmark amounts to about paratively little business has resulted, money we used to get for service
bedroome The outbreak, starting possessing and husbands with greater the total tonnage owned by these the prospects of more than ordinaye ance, and interest on foreign securi furnace. The pecupants, some with more winsome friends led to the altar is 600,000 tons, equal to 16 per cent of but inquiry has been very active and in the
way of freight, instr building, which soon resembled mother's side seeing her plainer but
in the kitchen, involved the whole facility than their own daughters do.
The girl who remains by ter countries in 1914. Of the other prin- trade are considered good.. ties. Much of our capital has cipal neutral countries Spain has lost
already gone to stabilise the ex-only a coat over their night clothes, as often as not the girl who pays no "175,000 tons, while the present
changes during the war. It must be escaped as best they could, and many attention to the b bbies and diversiona figures for Holland show an increase of 102,000 tons.
The question of efficiency of the trade is sadly depleted, and America Three young women found their re-pale-lipped and pallid. Pains in the remembered too that our carrying of theta abandoned their belongings. that absorb the interest of others around After estimating what would have present steam tonnage has not been is now getting the money we used treat cut off through a doorway, and back and limba sessil her at frequent ber, She is generally languid, listless been the tonnage of the principal taken into account in these figures, to get. maritime countries in 1919 had there There is no doubt that a large amount
their only escape is through a win-moments; whilst faintness, lack of been no war, the Register gives the of tonnage is now in existence which our lost markets and gain new they tied blanrete, and, encouraged A man doen not want to add delicate "As to the remedy. If we recover dow and over s verandub. To this appetite, and irregularities of the func following differences as the effect of underordinary conditions would have markets the problem of exchange is by the crowd below, safely reached health to his responsibilities:
tions frequently make her life wretched. the war upon shipping:-
been broken up and replaced by more settled. First, our manufacturers the ground. Decreases: United
modern and more economical vessels. must produce for export. This is was that of two men from the top spiritles, easily exhausted girls are met Kingdom, 5,003,000 tons; British Dominions, This applies to the United Kingdom to being hastened as much as it can story. The police managed to get with everywhere in the Far East Yet It iss zad fact ! that numbers of there. 199,000; France, 536,000: Germany, a much greater extent than to other possibly be done in existing circum- them down by mears of ladder lead. all that they neod is the rich, red, abun 3,582.000; Holland, 384,000; Italy, countries. During the three pre-war stances. Then the markets must be ing from one varandah to another.dant blood which Dr., Williams Pick 677,000; Norway, 1,025,000 other years 1911-13. close on two million prepared. This too is being done. One of the men was a soldier with countries, 2.816,000:
tons of steamers were sold foreign, We have industrial-ambassadors in a wooden' leg.
Pilla have created for countless drooping girls in every part of the Wol
If your daughter acks vitality and
Increases: United States, 6,729,000, Japan, 20,000..
Summarising these totals the net result of the war on the world's merchant ateam tonnage would appear to be 17.
Toas. Loss of British tonnage... 5,202,000 Loss of foreign tonnage
(except LLS.A.) ... 9,000,000
Total Net gain to United States.
tonnage
A more difficult resoue
The visitors were ..
'AN AID TO DIGESTION.
and of course replaced by better many parts of the world preparing clothed through the kindness of the nerve, if she is developing nsmis, ner- vessels, while during the three years the way for British goods, working townspeople, who readily lent them veneness debility or ihr ailments pecu 1916-18 probably less than 100,000 in co-operation with British Consuls, conte and costumes and provided for to bar sex, begin he care to-day tons of steamers were sold in this way. Moreover, large proportion of the the rate of exchange will take care
"When the exports begin to flow them with breakfast at a restaurant. tonnage built during the war is not of itself." equal in general efficiency to the tonnage, which was built in the last few years before the war. Taking these considerations into account, it may reasonably be assumed that the 14,202,000 world has lost through the war no less than 8 million tons grosa of 6,729,000 shipping, which represents a dead weight carrying capacity of about Net world's loss 7,473,000 223 anillow tons, coor 10
MONDAY, OCTOBER 27, 1919.
NOTICES.
JARDINE, MATHESON & Co., LTD.,
ENGINEERS and LAUNCH BUILDERS,
MARINE MOTORS OF ALL POWERS
IN STOCK
Works---FOOTUNG, SHANGHAL
Bole Agencies-STERLING & EVINKUDA MOTORS,
MAKERS "ENWO" Morōns.
Associated British Machine Tool
Makers Ltd. AEC. Balker Enamel Barine Ltd. (Leather-cloth). Edgar Allen & Co.,
Ltd, (Tool Steels, &c.)
辣
統與塞球資
"Sarco Steam Traps, Tamperature
-Regulátora de
Lingtype & Hontrary, Ltd. Pulsomte gineering Co. Ltd. T&W. Emith Ltd., (Wire Ropes). Imperial Light, za
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