HONGKONG HOTEL CO., LTD.
OPERATING —
RUSSELL STREET GARAGE
HONGKONG HOTEL GARAGE Telephone No. 32
Telephone No. 659. Telephone No. 881
-
́REPULSE BAY GARAGE
SOLE AGENTS FOR HONGKONG AND
SOUTH CHINA FOR:-
Cars
TUDEBAKER CORPORATION Cars
OLLS ROYCE
WHITE COMPANY'
Commercial Trucks
UNITED STATES RUBBER CO. Tyres & Rubber Goods
Motor Car Mascots
JE
LEJEUNE
·
OFFICE & SHOW ROOM IN PEDDER STREET.
INDUSTRIELL",
SHANGHAI INTERVIEW.
FALLACIES EXPOSED.
With a view to securing first-hand Information relative to the affairs of the Banque Industrielle de Chine and at the same time eliciting an expres sion of practices in the Bank's of opinion regarding allegations affairs alleged by a Tientsin paper, a representative of The Shanghai Times called, on Mr. A. du Fac de Marsoulies, the well-known French Jawyer of Shanghai and consulting advocate to the Banque Industrielle.
A STUPID STATEMENT. Mr. Marsoulies was handed an extract from a Tientsin paper pur porting to deal with alleged illegal practices in the Bank's affairs, which
CHARGE AGAINST BANK DIRECTOR.
At this point, the representative drew the attention of Mr. Marsoulies to the statement alleging that a Director of the Bank in Peking with- drew his funds from the Bank barely a week before the crash.
PASSENGERS.
ARRIVIZA.
THE CHINA MAIL.
Per as "Silver State," yesterday :-- Miss J. Florence, Mr J. Bisper, Me O, H. Castry Miss C Chater Mrs C., Orrio, Mr C. Hammond, Mr R. A. Gowen, Mr and Hea L. G. Rodrique, Mr F. Mackay, Mrr M. B. Smith, Mrs B. M. G. Barne & Mis R. H. Xavier. Mrs G. Quinn, Miss F. Sonra, Col. M, Greer, Mr and Mrs P. Ollerton.
l'er ..
|
SHIPPING.
FILFERAGE EVIL.
SKIPOWNERS' LIABILITY.
the chief commissioner of the price has stated that very few cases ol pilferage are "reported to the pace, with resultant dificulty of adequately desing with tha 'vil
Mr. B. B. Tredwin (London), in proposing the resolution, said that pilferage had increased enormously, At the annual meeting of the in one case from 1d a ton to 2 68. Association of British Chambers of a ton, a very serious increase. He Commerce in the Hotel Cecil, the beard of one case where the pilferage fallowing resolution was passed t on a steamer amounted to 10% a ton
Brocklehurst (Liverpool) "That this Association has received | 7 Mr.
The Liverpool shipawner, "Kashmir," posterday:----From with satisfaction and approval the seconded. London, Lieut. T R. nestty, Caf. Surreport and recommendations of the he said, now gave a receipt of things Howland, O. P. 0 Gillard. E. R. A.Imperial Shipping Committee. In deposited on the quay; that was Scott, Mic. Lewis, Tel Barrett, Stoverview of the fact that the Dominions something in the right direction.
- The resolution was carried. More. Stoker Foster. Hr R. B. Cotch. Royal Comminion also made recom Cap H. E Sulivan, Mr. Johnsomendations to a similar effect in its Mr G. W. Harmes. Chi. M. Slimm, Kr
"As to that, I am not in a position to speak, as I do not know the accuracy or otherwise of the state ment," was Mr. Marsoulies's reply.
This mech I do know that the different
Manager, sub-Manager, clerical as sistants and others connected with the Shanghai branch of the Bank have their deposits in the Bank and they cannot touch one cent of their money for the time being."
THE FUTURE OF THE BANK,
DEPARTUREX
CONCEITI
to this.
SHIPPING POLICY.
MONDAY, AUGUST 1, 1981.
DAIRY FARM NEWS.
FIL' ETS HADDOOKS
KIPPERS
FISH
BED HERR NGS
80 cents per Ib.
70 11
60
H
1
ES
140
30
.8
+
44
CHEESE
GOUDA (Full Cream)
AUSTRALIAN CHEDDER
$1.25 per lb. $1.00 per lb.
THE DAIRY FARM, ION & COLD STORAGE Co., Ltd,
Mr. Marsoulies scanned with in. Hinges on the result of the meeting/ difficult for the Chinese to finderstand against shipowners. He recognised tension of commercial rights. NeTathong Point on Lam Tong island:
sad
tively prosperous and there is some movement of special lines and com- modities now in 'season. Stagnation still prevails over the ocean trade
M
ant drs Patier, E R. A. Bruce, Hr L report issued in 1917, this Associe- AN EASTERN FREIGHT WAR, Komitzer, Mr J. Noone, Capt. H. Etion respectfully urges his Majesty's Oatley, Enge-Capt. Garwood; from Government to introduce legislation The OSK liners are now com- Singapore, Mr W. H. Cathel, Mr and at the earliest possible date giving peting with the ships participating in Mrs Buckland, Capt. C. H. Baker. Dr. E effect to the principle at issue, via the Bengal Conference on the Java J. Barrowe, Mr S. T. David, Mr B A. L Benrois, Mr G. & Mahtani, Mr. G. V. the equitable adjustment by law of Calcutta line. In the hope of Rathir mani and Mr N. J. Ornstein. the rights of parties to the contract | placing itsel! in a more advantageous
of carriage by sea.”
position the O.SK. has lowered the Mr. J. P. Rudolf, Liverpool, moving | freight rates to 10 rupees, or only the resolution, said that the ship- half the Conference rates. Some owners were naturally opposed to consignors are said to be shipping anything in the way of legislation.
The Japanese "near-bea" Per P. & 0.9.3. "Syria,” on Saturday: They said it tended to interfere with Angar from Jeva to India by the
A new steamship service between O.SK steamers, while nomically' - I. A E de Silva, Mr A. Jorge, Me the principle of freedom of contract maintaining relations with the Con- Philadelphia and Cork, Dublin and costing trade have become compara- Baran, Mr S. Ferts, Lien Lacht between parties, but most of the conference. The Conference companies Londonderry will shortly be in Mr Edwards, Sarg--Comdr." Grabell Mrs Tinesart, Yrs Gowie, Mr 8. Perroso, ference knew the exigencies of have the matter ander discussion,ugurated by the Monre, McCormack Mrs & Pereir, Mr., Mrs and Miss V. G. modern trade seemed to necessitate but pretend to take affairs lightly, Company. The first ship, the "West de Bou-zy. Dr Reichmann, Mr H. Knill legislation being brought into force stating that their new rival cannot Gamio," sailed early this month. Ms De Nenwand, Mis Ward Mrs to establish Greedom of contract afford to maintain the present rate Reichmann, Mr Borridge, Major, Star- gets. Mr Cuff, Mr Massell Mr F. Balts, The shipowners had to apply to of 10 rupees long. The OSK, it s The question of seamen's over! however, and there are signs în evid- Capt Courtney, Mr Lofts, Mr Evans, Mr legislation to enable them to secure said, is fully resolved to see the wartime formed the subject of prolonged ance that liners for ocean service will C. T. Griffin, Mr J. C. McClelland, Mr F. limitation of liabilities, as for through, now that things have come discussion at the meeting of the either invade the near-sea trade or T Harris, Mi's & Edmonston, Miss M.instance, the Merchant Shipping Act
panel of the National Maritime be laid up. According to investiga- Scott Russell Miss Gautam, Miss Coorer, of 1894. In reviewing the general The Osaka Shosen Kaisha has had Board in London. No official agree tions completed by a certain Japanese Mr Ma-kenzie, Mr Traerly, Mr Bill.
would be under consideration the opening of a ment has yet been reached, but it is firm, there are now 150 ships of Miss Rriton, Miss M. Wilson, Miss found that freedom of contract Japan Calcutta line. Mr Kafaka, boped that this may be announced, 726,435 tons engaging in the ocean Mr Edwards, Mr C. C. Ma ris and infant, commercial position it Gamertafelder, Miss H. Smith, Miss had not been maintained without Managing Director of the company, shortly.
trade, these figures showing a decrease Poultre Mr and Mrs Palmer, Mr. Vass, something in the nature of legislation. has proceeded to the capital and is Mr Montieth and Mr Miskelly.
He had seen it suggested that the now trying to move the Nippon
Four English sailors were fined £6 of 43 ships, totalling 149,000 tons, pecuniary responsibility would entail Yusen Kaisha, which forms the each at Sunderland for stealing soap, as compared with two months ago. colossal liability for the shipowners. Calentta Conference with the British-perfumes, china, and cotton gods That was an entire misconception of India Steam Navigation Company from the cargo of the "Priam.” It
A Tokyo message dated July 8, re- what the effect of this legislation and the Indo-China Steam Naviga- was stated on behalf of the owners, getting what notes they hold would be. He thought that the tion Company. Considerable attens Messrs Holt, that pilferings were ports that a stray carrier pigeon redeemed with notes of other foreign Imperial Committee was satisfied that, tion is now directed to the question costing the firm £50,000 a year.
brought news to the effect that the fields
Kołnsti of
Steamship Company's banks: They are given up to the spread over the vast
whether the N.YK. is liberal enough to introduce the OSK. to its allied 13th of August to exchange their shipowning, the pecuniary liabilit
The French Minister of Marine has steamer "Shanghai Marn" of 4,103 Perhaps
companies. notes, and according to an advertise would be infinitesimal.
There are speculations just decided that, pending further tons, suffered shipwreck and was in issued to-day twenty the owners had no idea of the great in the air that if the N.Y.K. declines orders, vessels passing through British danger of foundering, at a point some ment
hanks are open
to friction that existed between shippers the request, the OS.K. will probably ports shall receive from the local three hundred miles of Hawai. The redeem the Barque Industrielle notes and shipowners. because of claims trespass upon the line and fight it out consular authorities all cash necessary message was addressed
Japanese By the 16th of this month $987 being turned down, unjustifiably as with the Conference at some sacrifice. to meet their requiremen's so that Subjects." The Kokusai Steamship there will in future be no need for Company representatives state that 348.00, or three-quarters of the notes the shippers thought, it might not in circulation in Northern China. be much for a large
them to discount drafts for this they have had no news of a mishap to While the to pay a thousand pounds, bur
pose except in quité exceptional cases had been redeemed.
any of their vessels. The Navy Do- redemption of these notes may do it might be a very serious matter for little to steady the local market, an individual shipper to find that his
Shipping policy since the war, says "Can you say anything as to the the large amount of money de claim had been rejected, Speaking a certain influential Japanese shipown The Hongkong Government has partment and the Department of future of the Bank?" Mr. Marson posited, both by small and large in on behalf of shippers, merchants and er, is very intimately connected with sanctioned the provision of three new Communications also state that they lies was asked in conclusion.
vestors, is being very keenly felt underwriters. Mr. Rodolf said that he the replenishment of the natinai re Axa fash lights in the approaches to have received no news of the alleged The future of the Bank entirely over a large area in China It is had no feeling whatever of hostility sources and the maintenance and ex. the harbour. One will be placed at disaster. of shareholders to be held in Paris why the notes of the back should be the enormous debt the country owed withstanding, however, that many another on the Channel Rocks in
During May, the N.Y.K. Einers redeemed, when at the same time to the Merchant Marine. He also countries are steadily making head Kowloon Bay; and the third on the on July 25, which will be attended they are unable to withdraw their or felt that it was in the interests of way in the pursuit of a definite policy summit of Tongku island, west f "Is it
by shareholders from various parts repay of the world. The deliberations of Cinary deposits and saving bank owners that there should be a spirit which they have already elaborated. it Castle Peak. Lights of greater in carried about 20,000 passengen. In Chinese clients on the basis of 100 the shareholders can only end in one i positors badly hit is a large one, and shippers and shipowners, particularivi people are indifferent, though a sec-present ones at Gap Ruck, Waglan į month of last year, the number de accounts. The number of small de of co-operation and harmony between is very regrettable that in Japan the tensity are to be substituted for the comparison with the corresponding creased by 2,500, but the fare receipts per cent. and French (and possibly of three things happening (1) the as the news from Europe is so coat this juncture, when a bid was betion of the intellectuals are exchang Island and Green Island.
increased by 10 per cent. There has foreign) clients on the basis of 50 per Bank will go on as usual; (2) an dieting, and the branches in Londoting made in various parts of the fag viewt Britain took control
The whole of the First Squadron been good business in the ocean lines and in Hongkong are both being liqui world to secure the supremacy of of her shipping during the war,
but on the cessation of hostili consisting of the cream of the Im-1 on the whole. Despite the increaBE she withdrew ber carperial Japanese Navy will leave ite of the rates, more passengers have be appointed to look after the affcire
but a little of their money returned seas. They had all been very much ties, of the Bank in conjunction dated, they are in despair of getting the mercantile trafic on the high branch agency managers of the to them. This bank became ex concerned about the question of trol. Before the War, America base at Yokouks in the latter part been carried on the North "American. Bank in pursuance of what is known tremely popular in North China on pilferage, which had become so rife seat 90 per cent. of foreign betroms of July and will call at Tsingtao for a and Australian lines, while a slight in Fench law as a transactional account of the higher percentage it in the interests of public policy it but with view to maintaining her few days' stop. Then, at least the decrease has been shown in the settlement, which is really a form of limited bankruptcy; (3) the appoint./Paid on Exed deposits and the interest was andesirable that shipowners mercantile marine is now following principal warships of the Squadron European and South American lines.
it gave on current accounts. A should be practically excluded from the policy of loading her exports on With regard to the discount of ment of a receiver, which will mean though the run on the bank in the all liability for loss on pilferage and her new vessels, These are both are to visit Dairen about the middle! The Formosan and Bombay, lines the Bank's notes," proceeded our re total bankruptcy. In the event of beginning of the year caused a misdelivery. They had the best men good examples for Japan. In regard of August. It will be the first time have experienced a small increase,
you will notice that the shareholders deciding to suspend siderable amount of uneasiness and they could have for the personnel of
to the state of affairs in Japan, the a number of superdreadnoughts of the it is suggested by the Tientsin paper business, the matter will be submitted caused a number of depositors to their ships, but all humanity was nation has not yet awakened from latest type will be at Dairen. that the Banque Industrielle de
to the Commercial Court, but things withdraw their accounts, the manner frail.
When the personnel knew its war oom dream.
The steamship "Sawahloento,” Chine, having suspended business,
in which the Bank paid out all calls that when goods were pilfered no owners and shareholders are living has no right to indulge in any trans, may not go so far."
WHY THE SUSPENSION OCCURRED. on it in silver, refusing to use notes responsibility rested on anyone on the on their large reserves and very few built by Messrs. Gebra van der Pot, action until such time as a recon-
The Australian coastal shipping Mr. Marsoulies, in the course of of other banks, had the result of ship they would not exercise the same are attentive to ways and means to of Boloess, to the account of the struction has taken place, or some thing tangible has been arrived at by the interview, gave an interesting restoring confidence in the bank's amount of care that they would if they overcome future difficulties. Britais Koninklijke Paketvaart, Maatschappij. the Board of Directors hand in hand explanation of the cause of suspen-standing. A lot of the money that knew that the owners would be has her traditional experience of of Amsterdam, left Rotterdam for laws are a choice instance of how with the Bank's creditors. It is sion of the Bank's business with the had been withdrawn soon found its responsible for the losses. He gladly hundreds of years in addition to Jari on June 11. This steamship protection works. Considering that argued that for the time being, the closing of the accounts on June 30.way into the coffers of the bank again, testified in public that a great many powerful weapons like iron and coal, built under special survey to the a foreign firm cannot even tow a barge officials of the Back do not know It appears that the group of inter-and nothing was suspected as to the of the leading shipowners in this For America, though she has no highest class of Lloyd's Register of from Kobe to Amagasaki, so rigidly exactly on what percentage the Bank; ests, of which the. Banque de Paris soundness of the bank until the country, when losses took place, did, rich shipping experience, she is Shipping. Her principal-dimensions are the exclusive rules enforced in will be able to repay its clients. For et Pays Bas is a member, which notice was published from Paris that admit a claim if they considered it possessed of plenty of iron, coal, and are: 325 ft. between perpendicolars, Japan, it is with some sense of the that reason, is discounting the notes have been advancing money from the bank had temporarily closed its bone fide, but he thought the ship- petroleum, and her protective policy 47 ft. 6 in. beam by 24 tt. 3 in depth impertinence of the proceeding that pers would rather be fit the position has been strengthened strikingly of She is provided with poop, bridgedeck one reads in Australian papers ad- on the basis of a dellar for a dollar, time to time to the Banque In- door. the Board of Directors of the Bank dustrielle de Chine, recently decided At this distance from the Head that the owners would not be the late. In such circumstances, if Japan and companion-deck. The deadweight vertisements soliciting coastal cargo for Japanese ships. The new Aus- could be compelled, at law, to repay, that before any further advances were Office in Paris it is impossible to judge and jury to decide whether a involves herself in competition with capacity is about 5,300 tons.
out making due preparations, it is
tralian law, however, does not exclude the depositors of the Bank on pre made, they should know the exact forecast what will be the final cut claim was bona fide or not.
Iwo powerful new motor lifeboats foreign ships, like the Japanese law. cisely the same basis of a dollar for position of the Bank in the matter of come of this financial crisis, but there
The resolution was passed un- manifest what will be the result. In
was agreed that setting up a permanent policy in the have fast been completed by the It only requires that they should its assets and liabilities, That ex-
are those who still belleye that some animously, and a dollar."
comply with Australian standards plains why the accounts of the Bank sound scheme of reorganization will copies should be sent to the Prime interests of the State, it is a matter Royal National Lifeboat Institution, of course that the nation should con and are now of their way by sea, That is another mis-statement were closed on June 30. All matters be put into operation which will enMinister, the Chancellor of
sider how to maintain Japan's ship under their own power, from the as regards the pay of the crew and the of the Tientsin paper," said Mr. relating to the affairs of the Bank will sure the depositori securing a fair Exchequer, &c.
The following resolution was also ping strength. For this purpose, building yard at East Cowes to their accommodatica provided for them. Marsoulles. "It is not the Barque be fully thresbed out at the meeting share of their money returned to Industrielle de Chine, but the Chinese of shareholders on July 30, at which them. The report that the Chinese submitted-That all chambers be investigations should be made into stations at Peterhead, in Aberdeen. The object is the same, as they know Bankers' Association, that has been the fate of the Bank will be definitely depositors will be paid in full and requested to take an early opportun- the economic construction of ships, shire, and Wick, in Caithnesshire that the Japanese ships will not com the foreign depositors only 50 perity of appealing to all merchants, the elaboration of a fuel policy where The Peterhead boat is named Duke ply with these standards. The im- discounting the notes. The Chinese settled.
cent, is not given serious consider manufacturers, and shippers to with to supply fuel as low as Britain of Connaught, the money for its con mediate consequence is a rise of 20 Bankers'. Association has come to
ation here and as there has been no give special individual attention to and America, and the increase of the struction and endowment in perper cent. in coastal freights. This the Bank's rescue, for the simple
petuity having been presented so the does the Australian public at large confirmation that this scheme, which the pilferage evil from whatever employees' working efficiency.
Institution by the United Grand Lodge | more harm than it does the Australian reason that the Chinese themselves
was only mentioned by one of quarter arising, to made special efforts
of Freemasons to commemorate the seamen good. The same argument ap have a substantial interest in the Bank, and this is a matter involving! Peking, July 18.-While consider the French financiers interested in to prevent and deract pilferaze on
safe return from Canada of the Doke Chinese credit. It is, therefore quite able uncertainty exists concerning trying to save the bank, as one of their own premises or elsewhere,
of Connaught, who is the Most Wor: plies in Japan, where the cutting out of foreign competition ximen legitimate for the Chinese Bankers what is to happen to the shareholders the measures to be adopted being and/or during transit, and to notify! Association to accept notes of and depositors of the Banque Indus put into operation, the view on this the police immediately after occur
shipful Grand Master. This makes the Banque Industrielle until such trielle, those holding the notes of the subject held here appears to be a rence of every case of pilferage, with
a total of twenty-eight motor life coastal freights and adds to the cost
of living, says the Japan Chronicki, full detalls in view of the fact that time as it can be fully repaid.”
terest.
The representative asked:
a fact that it is proposed to
Cent.2"
"That is a stupid statement," re- sponded Mr. Marsoulies without hesitation. "It is unheard of. There is no basis for such an absurd state
ment. There is going to be no such discrimination."
A FALLACT EXPLODED.
presentative,
WHO IS DISCOUNTING THE NOTES,
i
official receiver or administrator will
PEKING OPINION.
bank hare now no reason to fear most reasonable one.
FOR GOODNESS
SAKE - WHAT POSSESSED
YOU TO COME HOME
AT NOON TIME?
OH! I JUST THOUGHT I'D
SURPRISE
YOUSE-
BRINGING
AH: THE TABLE
IS ALL SET GEE
SOME FINE LUMCH-
THAT CHICKE I LOOKS 4OOD-
the
Both ship-
GENERAL NOTES:
Sir Joseph Cook, Commonwealth Treasurer, states that the Common wealth Shipping Line is still making handsome profits.
UP FATHER.
ZET OUT OF THAT -- CHAIR. WHO TOLD
YOU TO SIT THERE?
boats now on the coast.
but other lines have suffered a de- crease both in the passenger fares and freight receipts.
1 DON'T EVEN GIT. TREATED LIKE A DOS
HERE
HERE-AFI - TAKE: YOUR BROTH
FIRST LIKEA GOOD LITTLE
DOGGIE-