LLOYD TRIESTINO
FORTNIGHTLY PASSENGERS AND FREIGHT SERVICE FOR
BRINDISI, VENICE & TRIESTE
vis Singapore, Colombo, Bombay, Aden, Suez & Port Said Taking Cargo on through Bills of Lading
to Flume, Genoa, All Italian, Adriatic, Levant-
Black Sea and Danabe Ports
Passengers to LONDON (Overland).
NEXT SAILINGS FROM HONG KONG-
M.V. "COL DI LANA"
S.S. "CRACOVIA"
SS. MONCALIER!
SS. GANGE
*Passenger Vessels with First tion, calling also at Bombay.
All dates, are subject to alteration For Freight & Passages apply to
Yuven's Building.
Tel. 28021
For Shanghal
& Japan
For Singapore & Italy Dec. 9 Nov. 20 Nov. 30 Jan. 8 Dec. 1 Dec. 25 Second Class Accommoda-
about notice.
DODWELL & BY LTD.
Ageni
NYKLINE
FROM £83 TO £120 ON SALE
THE CHINA MAIL.
NEW YORK HARBOUR.
Factor in Civic Growth.
The figures given by ar Ameri- can census expert, to prove that the population of New York is greater than that of London, tefer to many
besides those who live in the five boroughs of the city. When one speaks of New Yorkers one has to include the people who work in Manhattan but have their homes in suburban towns in the three States
York,
New Jersey and of New Connecticut, Thousands of these suburban dwellers make their daily journey to the city by tube and in consequence rarely take into account the existence of the most important factor in their economic life-New
York Harbour.
Shipping~
Intelligence.
IDLE. TONNAGE.
UNITED STATES REVIEW OF WORLD SHIPPING.
INSURING BIG SHIPS.
SOUND PRINCIPLES IN
UNDERWRITING..
A decrease in ocean freights There has been some discus-| and an increase in idle tonnage assion lately about the possible compared with a year ago are noted in the United States De-imitations of the London insur- partment of Commerce's half-anco market-by far the largest yearly shipping review.
in the world-in connection with The returns for idle tonnage the insurance of exception- reveal a world-wide decline in the ally valuable ships, and it activity of shipping, said the re-seems desirable to consider how view, there being at the middle these restrictions of this year 2,055,000 gross tong the Times in mail week. more idle tonnage in the principal maritime countries of the world than at the middle of 1929, an increase of 60 per cent.
The total for the United States vas less by 280,000 tons than in
occur, says
The resources of the great Bri- tish insurance companies and of the members of Lloyd's are so.cx-
that tensive
there is doubt that, if well-proved insurance were
no
principles of jettisoned, the whole of the
1929, but this the result largely of the disposal of Shipping Board
amounts recently mentioned vessels for dismantling as pri- could be covered with ease. The vately-owned American tonnage increased during the same period, insurance companies have large premium incomes, and they pos- Great Britain, with its preponder-sess funds which have been ance of the world's shipping steadily built up over long naturally laid up the most ton- nage, its increase amounting to they have, mostly, much uncall- 123,000 tons, or 145 per cent, ed capital. Consequently, the London market should experi- no difficulty in providing ample security for the whole of the sums which any shipowners might desire to cover, if security were the only consideration.
periods, and, as a last
Another feature of these re- turns is the subtantial amount of German tonnage laid up for ence the first time since the War. The available figures cover only Ham- burg, but these show a total of 214,000 gross tons.
In older daya, particularly in the clipper ship times, things were very different. Many of the famous clippers were built in the East River yards, which are now only a memory. They belonged to a flee' that was making maritime history over the world and building up a CLARK tradition. The fortunes of each REDUCED THROUGH TICKETS TO EUROPE VIA U.S.A. VARYING vessel were followed from, the time her keel was lala until she ended People in every walk of life came to the Battery to watch
There were 231,000 gross tons, to lay the clippers set sail and Thursday, 20th November,
or 7.5 per cent., more shipping Thursday 11th-December-wagers on their favourites in races
round the Horn to San Francisco. under construction throughout men who the world on June 30 this year Harbour, ships, and the built and sailed them were closely than a year earlier. The largest United States, identified with the daily life of gain was in the
amount of work in New York.
To-day the harbour where the creates great wealth for the mil-hand was more than double. lions who live in the metropolitan
SAN FRANCISCO via Shanghai, Japan Ports & Honolulu.
ASAMA MARU CHICHIBU MARU SEATTLE, VICTORIA via Shanghai & Japan Ports.
HIKAWA MARU ....
Wednesday, 3rd December.
LONDON, MARSEILLES, ANTWERP, ROTTERDAM via
Singapore, Penang, Colombo, Suez
HAKOZAKI MARU
TERUKUNI MARU
Saturday, Saturday,
SYDNEY & MELBOURNE via Manila & Ports.
KITANO MARU
Thursday,
ATSUTA MARU
Tuesday,
20th November. 13th December,
28th November. 23rd December.
Thursday, Thursday,
KOMBAY via Singapore, Penang, & Colombo.
†, CALCUTTA MARU KAGA MARU
27th November. 11th December.
her career.
district, yet relatively few of these people are familiar with its life or have any knowledge of its com plicated business affairs.
A Spacious Rondstend. Nature has given the harbour of
SOUTH AMERICA (West Coast) via Japan, Honolulu, Los Angeles, New York great physical advantages
* Mexico & Panama.
BOKUYO MARU
... Thursday,
20th November.
SOUTH AMERICA (East Coast) via Singapore, Cape Town & Ports,
NEW YORK, BOSTON, vla Panama.
WAKASA MARU
..... Thursday,
20th November.
+ ASUKA MARU
TAKAOKA' MARU
Monday, ......... Thursday,
24th November. 11th December.
DAKAR MARU
Friday,
12th December.
CALCUTTA via Singapore. Penang & Rangoon
+ BENGAL MARU
Monday,
† PENANG MARU
Saturday,
17th November. 29th November.
LIVERPOOL via Port Sald. Stamħinul (Constantinople), Genoa.
'SHANGHAI, KOBE & YOKOHAMA.
ATSUTA MARU (Nagaanki dircct) Tuesday,
+ TOKUSHIMA MARU (MĠji direct) Wednesday,
+ DURBAN MARU
TANGO MARU
+ Carec only.
Tuesday. Sunday,
18th November. :
-accessibility to the open sea, a normal tidal variation of little more
than 4ft., relative, freedom from fog, and a climate sufficiently mild in winter to make an ice-free port.
Á bne comes up the Ambrose Channel through the lower bay and entera the Narrows betweef the Brooklyn and Staten Island shores. one receives the impression of a spacious roadstend, effectively pro- tected by the land, with deep water, many anchorages, and miles of water front, 483 miles in fact. Apart from the Ambrose Channel, the harbour has two other
19th November. 25th November. 30th November.trances.
For further information apply to:-NIPPON YUSEN KAISHA
Telephone 30291.
0.
(Private exchange to : departments
S. K.
SAILINGS FROM HONG KONG SUBJECT TO ALTERATION.
Motorships have continued to gain in favour with shipowners, and at the middle of the year there were 488,000 gross tons more than at the middle of 1929. Of the total steam and motor shipping being built motorships representted 63 per cent, as com- pared with 50 per cent. in 1929.
The world's oversea trade thus for this year has been unfavour-
hhle on the whole.
WARSHIPS IN PORT
busy.
reserve,
A main principle of insurance is, however, the spreading of the risks, and it is the prudent policy of underwriters to maintain a re- lation between the amounts at risk on individual ventures and| their total premium incomes. This means that the amounts on each risk shall be such that in the event of a total loss the claim could be met without undue dis-i turbance to the whole account. In considering this possibility they consider the character of the risk, including the prospects of salvage in the event of disaster.
It is true that there is also the possibility of a series of excep tional losses within a short time
which would much exceed the total of the premium income for a year but this is a
contin- gency against which they cannot well guard, and it is one of the purposes of the reserve funds to provide for such a contingency.
Exceptional Vessels.
An underwriter might contend that, for a number of reasons, the risk of disaster overtaking ́a particular venture was very small consequently, he might persuade himself that he could afford to accept an' excep-
Indeed and, en.
The East River flowing between the east shore of Marihat- tan and Brooklyn, is the route to Long Island Sound and the parts of New England, while the Hud- son, striking north, is linked with the Barge Canal to form a water- way to the Great Lakes and Canada. Several large American ports, notably those along the Gulf and the Pacific coasts, were built to meet the needs of 'railways, but the outlines of New York took form long before the era of railways.
LONDON, HAMBURG, ROTTERDAM & ANTWERP Via Singapore. The heart of the port was, and is
Colombo, Sues and Port Said. LONDON MARU
... Sunday, 14th December.
The following British warship are in harbour to-day- Berwick-West, wall. Bruce No. 7 buoy. Herald No. 8 bacy. Magnolia-No. 13 bucy. Medway and S/ms.--No. Osiris No. 2 buoy. Serapis North arm." Sirdar South wali. Somme No. 11 buoy. Stormcloud-No. 12 bany. Tamor Basin. Tarantula-East wall Thracian North arm.
-- Foreign Men-of-War Adamastor-Portuguese ganboạt. Argus-French gunboat."
STEAMERS' MOVEMENTS
SATURDAY, NOVEMBER 15, 1930.
STEAMSHIP
ի
LARGEST AND FASTEST SHIPS ACROSS THE PACIFIC -
QUICKEST ROUTE
ORIENT
- AMERICA
EUROPE
SPECIAL FARES
1.
£120. £112. £83.
Canadian Pacific Representatives meet ships at all ports to give advice and render assistance.
Railroad, Sleeping Car and Atlantic Steamship reservations made at any Canadian Pacific
Office.
4
Through Tickets issued.
CANADIAN PACIFIC SERVICE
ALL THE WAY
CANADIAN PACIFIC
WORLDN GREATENT TRAVEL SYSTEM
BRITISH WUCHOW LINE
SAILING DATES FOR NOVEMBER, 1930 (Subject to change). DEPARTURE HOURS: Hong Kong 5.30 p.m., Wuchow 2 p.m.
S.S. "TAI MING" [649 tons-Capt. W. H. Lawton.] NOVEMBER SUN. 16th WED. 26th FRI
21st
30th
5.9. "TAI HING ” [1,068 tons--Capt. Trott:]
NOVEMBER.
18th TUES.
SUN. MON. 24th
Regular Servico-of-Fast, High-Glass-River-Steamers-Having Good Accommodation for First Class Passengers. Electric Light and Fans in Staterooms and Saloon. The 8.a. "Tai Hing" is fitted with Wireless. These vessels leavo Hong Kong for Wuchow (vla Bamahal, Shia- hing, Takhing & Dosing) and return to Hong Kong (vla same Ports) every five or six days.
Fares for round trip (not including moals) $20. Meals & Wines are to be obtained on board.
Hong Kong Arrivals and Departures from Tai Hing Wharf. For informatiar apply 'to 29. Connaught Road, West, Phone 20893.
KWONG WING
Co
tionally large line big even in underwriter had assumed liabili- tuin the unique position of Lon. proportion to his total. income. ties which meant that an undue don as an insurance, centre. Provided all went well he might proportion of his premium income Were there, a sufficient number be said to have done well for his was absorbed in a single disaster of great ships of the same type He he would be exposed to criticism float to provide an average, company or his syndicate. would have received a substantial although only if reserves were underwriters would be justified in amount of premium, which would lacking could he have prejudiced accepting larger lines, and the then represent profit. Yet there the security of the other policy- whole of the value of each vessel is at the same time the risk that holders.
might be covered in the market this confidence might be proved,! It is, in fact, prudence which is without any violation of sound "The in the event, to have been mis-responsible for the limitation underwriting placed. The London insurance placed on the amounts that may special problems in the present The C.P.S. H.M.S. Empress of market paid vast sums when the be accepted in the ordinary way, case are created because, for Russia arrived at Shanghal on Titanic went down and again and it is a reputation for strong some time at any rate, there are November 14
(Fri) at 7 a.m., when the Europa caught fire last finance and the observance of likely to be "only one or two
and is duo if things went badly and the, that contribute largely to main value. (Fri.) at 4.30 p.m.,
On November 16 at Nagasaki
She leaves (Sun.) at 4, a.m. Nagasaki on November 17 (Mon.) at 7 a.m.
methods.
RIO DE JANEIRO, SANTOS & BUENOS AIRES Via Saigon, Binge rivere, with the mainland of New of "Shanghai on November 14 year while under construction. 'sound underwriting principles vessels,, afloat of corresponding
pore,, Colombo, Durban & Cape Town.
RIO DE JANEIRO MARU MONTEVIDEO MARU BIMBAY—Vla Bingapore & Colombo.
HONOLULU MARU SUMATRA MAKU DURBAN, LOURENCO MARQUES, ZIBAR & MOMBASA-Via CANADA MARU CALCUTTA Via Singapore, Penang
CELEBES MAEU
TACOMA MARU
Friday, 28th November.
Tuesday, 30th December.
Wednesday, 19th November. Thursday, 4th December. BEHA, DAR-ES-SALAAM, ZAN- Singapore & Colombo.
Saturday, 6th December. & Rangoon.
Tuesday, 18th November. Tuesday, 2nd December.
VICTORIA, SEATTLE, TACOMA & VANCOUVER,
ARABIA MARU (from Shanghai).. Monday, 15th December. HELDOURNE Vis Manils, Brisbane & Sydney,
• SYDNEY MARU
...Saturday, 6th December.
(Calls at Wellington, & Auckland.) GAIPHONG-Vis Holbow & Pakhou
NEW YORK—Via Japsp porte & Paname
HOKUROKU MARU
............ Saturday, 6th December.
-day, Manhattan Island, a nar- row wedge of land between two Jersey half a mile across the Hud son. When the railways were built to tidewater on the Jersey shore, it was found neccesary to ferry their freight to Manhattan, and this sys. item of operation has continued The C.P.S. R.M.S. Empress of without substantial change, one Asla left. Vancouver for Hong striking feature of harbour traffic Kong, via Japan ports and Shang- being the large number of floats hal, on November 13, and is due that continously carry trains of here on December 1 (Monday), freight cara between scores of rail She will sail for Manila at 5 pm. terminals and steamship plors..
on December 2.
The Port Authority.
LOS ANGELES, PANAMA, NEW YORK, BUSTON, BALTIMORE, AND York Authority, which exists by
PHILADELPHIA,
JAPAN PORTS.
HOZAN MARU”.
BURMA MARU
SEATTLE MARU
(Takao & Keelung via Amoy.).. KEELUNG Via Bwstow & Amoy.
HOZAN MARU-,.......... JAKAO—V[ɛ Swatow & Amoy,
DELI MARU
For further particulare please apply
Tel. 28001.
Sunday 18th Nov. Noon Sunday, 23rd November. Teerday, 9th December..
Monday, 17th Dec,, Noon. Thursday 20th December, 10 am. to—OSAKA BIOSEN KAISHA.
¡M. TAKEUCHI - Manager
Donations and Subscriptions must now
be sent to the Hon. Treasurer, Mrs. H. E.
mith, 525, The Peak
HONG KONG BENEVOLEI
VCOCIETY
It is the task of the Port of New within the Narrows, see tankers,
trait ships, sugar and lumber car virtue of a treaty between New riera, llners of all flags, the official York and New Jersey, to co cutters of health, revenue, and Im- ordinate the port units in the two migration officers. A liner is re- States, to provide bridge, tunnel, leased and moves up the channel, and belt line connections, and to meeting first the municipal ferries create a flexible system which can for Staten Island, and then pass-- be expanded to meet the requiring the Statue of Liberty, off which ments of a growing commerce. The more vessels are anchored.
She is task, begun several years ago. is now headed toward the Battery only in its Infancy, for the port whore the two rivera meet, and as district contains 1,600 square miles, she swings into the Hudson,”“with 'some. "9,000,000 people, and more the skyscraping towers of Lower than 40,000 Industries...
Manhattan on the starboard ..alde; **Several factors alze, deep chan- the river trafic seems to close about nels, a system of intercommunicat her All that the pageant Jacks ing waterways, and the services of is a miling vessel or two, and abme 10 trunk-line rallways have com-'timsa sails are not miming, for if bined to make New York Harbour the square-rigger is gone the the natural terminus for all of the American schooner survives. But great Trans-Atlantic passenger lines she, too, is dwindling in number and also for ocean and coastal and is destined to become a tradi freight carriers. The port is served tion.
by 150 ateamship lines; consequent The development of the so-called. ly, a large and varied fleet of small Little Basin (New Jersey) into, a craft is required to carry on the steamship terminus, with four, dally interchange of freight be 1,000ft. steel plans, is the latest tween ship and railway and between stags in the great evolution of New the differtat port units, often miles: York as the terminus of half the continent's communications. When #Incoming that project in Completed New York:
Donate win more than ever justify ita clatm sehpreme eastern gataway
BANK LINE LTD
AGENTS FOR
ELLERMAN & BUCKNALL S.S. CO.,
SAILINGS SUBJECT TO ALTERATION WITHOUT NOTICE. UNITED KINGDOM & CONTINENT
ELLERMAN LINE
9.8. "CITY OF ROUBAIX" London, Dunkirk, Rotterdam & Hamburg S.S. "CITY OF SHANGHAI", London, Rotterdam & Hamburg
NEW YORK, BOSTON, & BALTIMORE
ᏞᎢᎠ .
5th December. 9th January.
AMERICAN & MANCHURIAN LINE
ALSO AGENTS FOR
CO.
ANDREW WEIR
BOSTON, NEW YORK &
M.V. TWEEDBANK" M.V FOYLEBANK”
SERVICES TO ICES BALTIMORE
MAURITIUS & SOUTH AFRICA
„8.8. "TINEOW";
AMERICAN & ORIENTAL LINE
12th December. 20th Januarý z
ORIENTAL AFRICAN LINE
20th November.
Loading for Mauritius, Regalon, Délagoa Bay, Durban, East London, Algon Bay (Port
.....Elizabeth). Mossel Bay and Capetown...
Through Bills of Lading issued to Beira, Quilimaine, The, Port Amelia, Mozambique, Char Chindo, Inhambane, Zauzibar, Mombasa, Kilindini, Port Nolloth, Luderliz Bay
Walvis Bay and Madagascar,
For freight or passage on any of the above lines apply too"
¥27701
THE BANK LINE, LTD.