10
THE SHIPPING
IMPASSE.
(Continued from Pane 4.)
is far in excess of existing require ments, but such a polley would be disastrous for the shipbuilding in-
tain extent by Germany, have. sure ly had an adverse influence on the free flow of trade. A commission on banking is at present sitting industry. Great Britain, which will have this problem, amongst others, under consideration, and its findinge should prove of interest, not only to that country, but to the whole world. Gratitude, however, must be sincerely expressed for the fact that the currencies of most coun- tries are now satisfactorily | stabilised, and that, on the ques-
tion of reparation payments, good- will and a general spirit of give and take have go e a long way to wards the solution of this extreme- ly difficult problem.
THE CHINA · MAIL.
monopolistic control, which, in order to ensure the continuance or increase of profit for its wares or labour, restricts its production or output, thereby reducing the total volume of the world's business, and In the long run lessening the con- sumptive capacity of the world's population,
The shipping world has had it abundantly proved that, purely from a business point of view, war and its consequences have in the long run the most disastrous re- sults for the industry. Last year the conference, by its resolution on stepa that have been taken to pre- peace, unanimously welcomed the
vent the possibility of war. It la, therefore, with great patisfaction that this year it hails the treaty for the limitation of naval arma- ments. It is to be hoped that the huge sums of money thus saved will be allowed to fructify for the growth and development of indus try, so that swords may be indeed turned into ploughshares.
It is true that there has, of lato, been a great diminution in the number of orders placed for new tonnage, but it is inevitable that fresh orders will continue to be placed, because the great advance in economy of form and means of propulsion devised by the ship building and engineering Industry has madė possible the construction of vessels which can be operated on a much more economical scale compared with the older type of vessel. The scrapping of old Vessels would therefore be of great advantage to both the shipping and shipbuilding industries. Such a scheme, however, could only be operated upon an international
Barriers Against Trade. basis, and it is difficult, if not im-
Similarly, the conference. views possible, for the shipping industry: general
to tackle the problem, because of with satisfaction the suggestion amounts of obsolete tonnage own on the subject of the United States
entirely disproportionate! put forward by Monsieur Briand a
ed by
of Europe; that is an ideal to which our honorary president, Lord nations. It would seem, if any de- finite action is to be taken, that Kirkley, has in the past given as- it should be taken by the ship- piration. Whilst it would not be building industry and on, an inter- competent for this conference national basis.
express any opinion on the political aspect of that matter, it may at least express the hope that, as an qutcome of that auggestion,
in
Danube and Black Sea Grain. Whilst the general causes
of poor trade are such as I have in- dicated, the immediate causes have bean the Wall Street collapse in America, resulting in Sancial losses and a widespread per of confidence, the flatry crisia in England, producing the same effects on a smaller scale, and the severo general fall in the prices of commodles, causing a great reduc tion in buying and in shipment, The improved grain cropa Europe in 1928, and especially in 1929, have reduced imports from oversea countries by one-third. Not only have grain crops improv- ed in the importing countries, but also in the exporting countries of Europe, chiefly from the Danube. For ten months of 1928 the ship- ments of grain from the Danube and Russia were 3,714 million quarters. The corresponding Sgures for 1929 were 7,581 out of 106,335 millions, while for 1913 they were 44,322 of 122,064 mil. lions. For purposes of reference a more complete table is included in the addendum, to which I have already referred.
the
the
different maritime
Already the shipbuilding indus- try has taken in hand the question of rationalisation. Much progress in this direction has already been achieved in Germany, and now in Great Britain a well thought out scheme has been launched under the best auspices. It is to be hoped that similar action will be taken in other shipbuilding countries. It is notorious that the world's shipbuilding capacity, owing to great expansion during and im mediately after the war, is great- ly in excess of the world's require. mente. Such a condition has en- couraged shipbuilders to offer It is evident that the Danube every inducement to owners, both and Black Sea once more, after a in the shape of low price and long lapse of nearly ten years, will have terms of payment, grossly to over- to be reckoned upon as a serious build. Before the war a flood of factor. This is not a consoling re-building orders speedily caused dection for shipowners, as it means the building price to rise sharply much shorter sen voyage to and this acted RA a deterrent bring grain from the Danube than from far distant, exporting coun. | tries such as the Argentine, Aus
∙tralia and British Columbia. Much will depend upon this year's crops in Europe as to the condition of the freight market on the near future. Some prophets are saying that, just as a bountiful harvest followed the severe winter of 1928- 1929, so only a moderate harvest may be expected after the recent mild winter.
What, if any, are the remedies | for the impasse in which our in- dustry finds itself? You will later have an opportunity of discussing various proposals on this subject. I would not seek to influence your views, but I should like to point out that po laying up scheme or ganised by, this conference could attain to the magnitude of tonnage laid up now voluntarily and by force of circumstances. Ая you are aware there, are now laid up more than 800 vessels, represent- ing 4,500,000 tons deadweight. Laying up tonnage at best is a pailivative and of but temporary benefit. As soon as there is the slightest rise in the freight mar- ket, the tonnage fa there waiting to come out and depress the mar- ket again.
Scrapping of Old Tonnage. To my mind, the proposal which is the soundest, and which appeara most acceptable, is the elimination of old and infficient tonnage, say exceeding 25 years old. Such a stop would be in line with modern procedure adopted by other fadus- tries; it is one of the processes covered by the term "rationalisa- tion," which seems to have so many meanings.
It would be desirable, from the shipowners' point of view, that the building of new ships should stop until the world's demand for carrying space overtakes the sup ply of tonnage, which at present
against the placing of further orders; no such salutary brake haa operated recently, because, how ever many ships were being place. there were always builders with empty berths greedily anxious to accept more orders.
Monopolistic Control.
ment, which is a matter of serious A feature of post-war develop concern to shipowners, is the ten- dency towards the increased centralisation of Industry and com- merce in a few hands. In differ
outstanding
to
measures will be taken to do away with some of the barriers which
hamper the free flow of trade Europe. If
to
it were possible have the same freedom of trade in Europe as at present exists between the different States in the United States of America, there is little doubt but that there would be a great advance in the volume, "of trade, and in the general prosperity of the inhabitants of Europe.
The blight which has fallen on world trade is a tting Nemesis for the utter disregard for econo-
FOUR ACES OF HUMOUR:
Will Rogers, William Collier, Sr., El Brendel and Walter Catleit in the Fox Movietone all star, all talking musical romance, "Happy Days"
also larger deck cargoes in winter. MORAL TURPITUDE. than have hitherto been permitted by British regulations. It does not go so far as the Scandinavian re- gulations for small vessels pr ma the Dutch regulations and American practice for larger vea- sels, It should, however, be borne in mind that Great Britain is
although the recent Tariff Truce mic laws shown since the war, and, the largest Importer of wood,
at Geneva is to be welcomed as a step in the right direction, it is to service has been rondered to the be feared that little more than lip vital principles involved.
The conference welcome all stepa gether, and indeed the shipping which bring the nations closer to-
community has
taken a leading
legislation. The ideal is one sea part in promoting international law for the whole world. A great step towards 'that end was taken
last year when the Safety of Life
We welcome this
at Sea Convention was concluded. On the subject of wireless sub- division of passenger vessels, and life-saving appliances agreement was achieved. agreement, not only on the ground of international concord, but be cause it advances still further the steps already voluntarily under- taken for the humanitarian pur pase of ensuring the safety of life at sea, which in a generation have reduced the loss of life by half, and which have also almost halved the cost of total loss insurance of vessels,
+
in
the world and that it takes about half the over sea wood exports from the Baltic and White Sea. It is therefore
scarcely necessary to point out
what the economie effects on the freight market will be, should the proposals of the report be put into operation, particularly in view of
the present depression of the in
dustry.
I would accordingly suggest that it will probably be in the best in- terests of the industry, that the deeper loading oventually agreed
upon should be on a moderate rather than an extreme basis. For illustration of the necessity for a display of caution and moderation
in this matter, it is only necessary
to remind you of the disastrous the general decrease of freeboard results on the freight market of carried out in 1906.
CANNED SALMON,
HUNDREDS OF CASES ESCAPE INSPECTION.
CHARGE AGAINST A P.J. GOVERNOR.
Manila, June 23. Investigation of the provincial governor of an important province of Mindanao will be presently ordered by the department of the interior, according to information obtained this morning.
Serious charges involving moral] turpitude have been proførred against the governor in question, it was learned. So serious
Bro
the charges that, if substantiated,
criminal action may be brought against the official.
The nature of the charges was divulged this morning, but be- cause the order of investigation has not yet been made, it is being held from publication.
According to information, the charges were filed by responsible persons in the Government ser-
vice. The case, it is believed, may transactions. have something to do with land
It is expected that the investiga-
WEDNESDAY, JULY 2, 1930.
BUSINESS DIRECTORY
AT THE NEW SILK STORE.
ALL SILK S.
LOOK FIRST
AT THE
TAJMAHAL
SILK STORE.
PRICES. WONDERFULLY CHEAP. NEW COLOURS AND DESIGNS
EVERY WEEK
AND
QUALITY
THE BEST.
5. Wyndham St. Tel. 26136.
THE
BOOKBINDING.
NEWSPAPER ENTER- PRISE LTD.,
for Superior Binding "China Mail" Offices,
BA, Wyndham Street,. Tel. 20022
BOOTS & SHOES.
Pair
Leather Sole Canvas Shoes ...$ 4.50 Crepe Rubber Sole Canvas Shoes & 5.00 Crepe Rubber Buckskin: Shoes $10.00 Black or Brown Shoes from .$ 0.001 Black or Brown Boots from ..3 8.00 Children's Boots or Shoes from 200
Best styles, most complete stock of all sizes. Repairing a specialty. WONG SIU WOON
21, Pottinger St. Phone eilri.
DENTIST.
HARRY FONG, Dentist, •
1st floor, No. 74, Queen's Road
Central, Tel. 21255.
TANG YUK, DENTIST Successor to
the late SIEN TING, 14, D'Àguilar Street.
TERMS VERY MODERATE Consultation Free.
DRAWN THREAD WORK.
Just Arrived
LINENS & SILK LINGERIE with Unusual New Designs.
at
Moderate Price. |FOOK WENG & CO.
tion will be ordered within this THE ONE PRICE STORE
week. A committee of not less.
than three members will probably China Bldg.
conduct the investigation.—Philip- pines Herald.
A man who had been out of em ployment for some time was taking n walk with his wife the other day,
ent forms it is a world-wide phenomenon. The instances are State control of all industry in Russia, the Wheat Pools in Canada and Australla, the Farmers' Board with Government backing in the United States, the practical control of the grain trade in other parts of the world by the, minimum possible number of firms and the same position in the chemical industry, and the latest The present Load Linz Confer- instance is apparently the partial ence, which commenced its labour syndication of the coal industry in in London recently marks another
Manila, June 21. the United Kingdom, Everywhere stage in the progress of the
A general alarm has been Issued the shipowner, and particularly unification of sea law. I venture by Dr. Jacobo Fajardo, director the tramp shipowner, finds himself to express the hope that that Con- of health against the presence of faced with trusts, combinations, as-
The wife at once furnished the ference will come to a unanimous huge quantities of canned salmon sociations and unions, which, to a agreement on the problems con- in Manila and the neighbouring answer:-"Na, na, Mrs., we're large extent, fix the prices of his cerned, namely, that of fixing the provinces which are supposed to aye on cor Easter Vexation yet.” coal, oil fuel lubricating oil. In-load line for all vessels, including have escaped detailed examination aurance, wage costs, and other the 'special load lines for timber of local authorities. In a circular necessaries, whereas tramp ship-laden vessels and oil tankers, 20 letter to the district health oflcers owning is, perhaps, the most in-
that in all countries and in all he states that "several hundreds of dividualistic business that there is
ports, the same rules and regula, cases of canned salmon have been to-day, and in that form it fulfills tlona will be observed. With re- dlstributed by local Chinese deal- its function of service to the trade gard to the wood cargoes load line, } ers.". of the whole world in the most efficient manner possible.
•
The world's requirements of cargo transport vary from day to day, and can only be satisfactorily met by the free and unfettered response of individual unità, able instantly to change direction im- mediately the circumstances de mand it. The labourer, however, is worthy of his hire, and it is necessary to utter a protest against
with which question, as chairman The letters were sent to Rizal, of the International Deck Cargoes Bulacan, Bataan, Pangasinan, Nue» Committee, I have been intimately į va Ecija, Cavite, Laguna, Batangas, associated since 1922, may I utter Tarlac Tayabas, and Zambales. “As a word of warning? ...‚
a proper precaution to safeguard the Deeper Loading Considerations. public health immediate
The basis of discussion at the should be taken to Inspect all sari- Conference is the report of the sari stores especially those owned by Load Line Committee appointed by the Chinese, to detect therein for the British Board of Trade. That safe, and to proceed to condemn report recommends doeper Icading them in the proper way,” he stated. for both winter and summer, and Philippines Herald.
"WHISPERING," JACK SMITH.
when they met a lady friend, who sympathetically" inquired if the former was working yet.
Phone 24628.
ELECTRICAL SUPPLIES.
THE GLOBE FOOK CHEONG
ELECTRICAL SUPPLY CO., LTD.'
72, Queen's Road, Central. Tel. 23270.
ENGINEERS & SHIPBUILDERS.
W: S. BAILEY & CO., LTD.,
Kowloon Bay.
New Work & Repairs.
Call Flag "L **
Sole Agents for Kelvin Motors.
GENTLEMEN'S TAILORS.
THIS IS WHAT YOU ARE REQUIRING,
WELL TAILORED SUMMER SUITS.
AT REASONABLE PRICES.
BROWN
2nd ft. Rutton Bldg.
'7, Duddall SŁ (opp. Gospel Hall).
Tel. 23856.
HAIR DRESSERS & BOOKSELLERS
LEE YEE,
Ladies' and Gentlemen's Hal
Dressers & Booksellers. No. 12, D'Aguilar Street. (opposite Queen's Theatre).
ON LOK
10. Wyndham St., 1st floor. (Entrance On Lan St.)
LADIES' AND GENTLEMEN'S HAIR DRESSING SALOON. Expert Barbers
Moderate Chargea
OPTICIAN.
THE HONG KONG OPTICAL
CO.
*Phone 22232. 59, Queen's Road Central,
PRINTING.
THE NEWSPAPER ENTER.
PRISE LTD. General and Commercia} Printers, "China Mall"
Offices.
3A, Wynham Street, Tel. 20022.
DAILY. CROSS-WORD PUZZLE.
(This crossword puzzle has been made by an expert but our readers are warned to look out for occasional phonetic spellings, such as harbor, plow, and altho.)
2
13
L 15 16
118
10
U 12
13
YESTERDAY'S SOLUTION ALAR GUST
ADE ATTEST
EA LEANER,
14
15
16
18
19
OEIR SPIA NEO ESSAY NAPKINS
20
121
22
$23
24
25
226
28
O SAODRON SLEEVE steps
TENSE ERE ENURE AND
ENT
29
30
34
35
38. 139
42 43
47
CABBY OLD
PLAYS.
COLM..
150
132
133
36
37
40
44
45
146
HIS AMBITION.
...TO BECOME
LOCOMOTIVE, ENGINEE
INTIMATE
QUARTETTELEVENT
PAKD THEN-MENT BROKE
radio
HAS A PHOTO ENGRAVER
FOR FIVE YEA
WHISPERING JACK SMITH
SPEAKING AND SINGINGÁN, FON:
"MOVISTORE PICTURES N BOPY NEW YORK CITY, MAY 30,1896
PHOTO ENGRAVERY
WERE SOLDIER BARC
MUSIC
SUBUSHER..
A RADIO SINGER.”
SONG WRITER..! ***ACTOR I
who makes his Fox Movietone debut in this all star musical
BUONA WAR
WENT TO LONDON TU
PLAY IN TWO SHOWS «*«
GIMME A LITTLE KISS, WILL YA, HUH?:
AKAS WRITTEN MAN
POPULAR SONG:
C
sings the theme song Hap
-HORIZONTAL
1-Having no enthusi
Jam
4-A son of Adam
| HORIZONTAL (Cont.) ↑, VERTICAL (Cont);
40-Chart
42-ProvisionE
43-Dead body
afstand proup, 8., W. 47-Arrives (abbr.)
of New Guinea -Pertaining to a
basa
13-A ron (800L.) 14-An agent..
16-A great desert:
18-To aln
18-Exclamation of con-
-tempt
20-Sorrow 22-Tropical tran (pl), 24-Article
25–Ta mature” J.
· 27-A note of the soule 28-To shut cut -20-Exfate gat
31-A bed In a whip. 88-Personal pronoun 34-At no time
86-Molet
39-Pallid
48-Of subdued ar
madest color ||49-Ever, contracted
60-Youths 81-A river in Germany
VERTICAL
1-Restaurant 2-Girl's name 3-Alfalfa
B-A German cumposer} 6-Frust-bearing part. set of a corealplant i 7-8pared
ŠLA boring Insect 10-Buffx-pertaining.
Į 17-Nickname for
Henry
20-A street arsh 21-A fine filament 22-Capital of Western'
Australia 23-Took the part of |26-Equality between
nominat and actual ・・・ valua 30-Lincoln's Secretary
of State 31-Flaxes |32-Jocularity
53-Affected, with hypo-
chondria
15-Advance guard of..
an army 17-To apoll |38-Rag-shaped
41-German for Mr.
11-Like-Man's name."
9:144–In this männer
12 Jacobs father-in-law: 45-Gymbol for carium' |-16-Prefix-three "S" | 46-To understand
(The solution of the above cross-word puzzle will appear in to-morrow's issus along with a new cross-word puzide,)