Cantler Falmer INAPIER
JOHNSTONE'S
the teine Mechany of the East
属
'SQUARE BOTTLE"
WHISKY,
UNVARIED FOR OVER
150 YEARS.
THE SAME TO-DAY AS IN 1745.
BEWARE OF IMITATIONS.
SOLE AGENTS IN HONGKONG
LANE CRAWFORD & CO.
and from ALL Wine MerchANTS.
TAR
THE HONGKONG DAILY PRESS, SATURDAY, SEPTEMBER 5r, 1914.
BOOMS AND SLUMPS.
ARE TRADE DEPRESSIONS
NECESSARY i
MR, MONEY'S VIEW.
The Board of Trade returns for May exhibited some falling off in our external commerce, imports being down £2,176,000,. and exports of British goods being down £1,807,000 as compared with the corres ponding totale of May, 1013, writes Mr. L.. G. Chiozza Money, M.P., in the Daily News, No one can be surprised at the decline; indeed, what may well surprise us is the fact that the extraordinary trade boom of 1912-1913 has continued so long, and after long continuance has subsided so calmly. The course of trade is a matter of very deep interest, and owing to the new public concern in commerce. which has been a happy result of Mr. Chamberlain's otherwise unfortunate fiscal campaign, many people have come to realise that for long years past trade has proceeded in a rhythmic succession of booins and slumps, each period of good trade being the precursor of a period of depression. The time beat of the com-. mercial symphony has not been quite regular, but in the latter part of the nineteenth century boom years were separated by periods of about ten years.
'UPS AND DOWNŃ.
Here are the best and worst years of the last one-third of the century which had such an unduly high opinion of its achieve- ments: --
SOME NINETEENTH CENTURY SLUMPS,
1872 Boom
Sir Ernest
1879 Skoop
1882 Boom
1888 Slump.
1890 Room
Shackleton's Route 1,700 miles across the South Pole'from sea to sea.
WRITING to the agent
entrested with the purchasing of the stores for the forthcoming in- perial Trans-Aatercule Rxpeditions Sir Ernes! Shackler00 1 thes words:
"The question of the concen- trated beef supply is most Important--- it must be Bovril.”
Men who trust their lives to thele food tåke go cirks, and Sit Broost Shackla ton, planning this expedition with as mate
& knowledge of stores ás of le and snow, has recognised the scientifically proved value of Bovril
95-1
1894 Slump 1900 Boom
British Interval Exporta. Between
Million. Boonis.
£256
199
ست
242 Ton Years, 212
216
AT YOUR SERVICE.
High quality goods, prompt and courteous service, combined with moderate charges, have enabled us to build up an organisation which controls the best equipped store in HONGKONG.
This organisation is at your service whether for articles of apparel for
LADIES',
GENTLEMEN'S or
CHILDREN'S WEAR.
WE SOLICIT YOUR INQUIRIES.
WM. POWELL. LTD.,
HIGH-CLASS OUTFITTERS AND FURNISHERS,
slumps are the expression of commercial imperfection. Apart from variations in 284 Eight Years.harvests, the yields of which, taking one country with another, and one season with 291 Ten Years. another, could easily be averaged ap in an orderly world of intelligent human beings, there is not the slightest need for trade irregularity. The common acceptance of good trade and bad trade as dark and inevitable phenomena is anworthy of that human intellect which is capable not merely of embracing an absurdly small planet fettered by gravity to an inferior star, but of plunging the plumb line of its thought and speculation into the cosmos itself.
Let it be observed that the nineteenth century could at least boast with reason of its commercial crises. They were of a first-class order. Whereas in 1872 British exports amounted to £250,000,000 they fell in seven years by £64,000,000. Whereas ini 1892. exports were £242,000,000, in four years they fell by £30,000,000. Rising again to £204,000,000 in 1800, they incontinently fell in only four years by £49,000,000. In 1800, at the threshold of the twentieth century, there was a recovery to £$91,000,000.
our
In the twentieth century we are undoubtedly attaining to better grip of During these long years of our com- the world we live in, and there is every mercial history the recurrent trade reason to hope that within a comparative depressions brought utter destitution toly short period the world will erase bad armies of work people. Although recur- trade from its annals. The pettifogging is being rent suffering from unemployment was so of the nineteenth century great, the Government never thought succeeded by large-scale dealing, that it its duty to do anything for the large-scale dealing is coming to be unemployed, The first principle of subjected to control in the public interest. British abatemanship was to do as little The end is not in doubt. The resources as possible for choice, nothing at all. of the world will be mapped, managed, It was the period of deliberate public conserved, wisely used, well distributed. parsimony Looking back, we can at least. Man will become a citizen of the world in a sense which does not now elitsin, and ail o very clearly that parsimony did not
the world will be given to each man's use prevent acute trade depression.
in wisdom and understanding.
TWENTIETH CENTURY EXPANSION.
?
Now let us turn to British commerce in the twentieth century. In the following
table give our exports year by year since THE DEATH OF MRS. WOODROW
1900:-
TWENTIETH CENTURY TRADĖ
British Exports in Millions:-
1900
1901
£291 £280
[00%
£283
1909
£291
1904
£291
1005
£330
HOW I MADE MY WINDOWS PRETTY." e" Peach's Beautiful Book Cold me all about it,"
1906
£375
1007
1008
1909
1910
1911
1912
1913
3914 Slight Decline
PEACH'S Patent Hem Curtains. Quite New & different. Ideal for Casements. The greatest problem which confronted me when was furishing my home, was how to dress the windows or the most nitractive fastilen un un economical baxis. 1. must confess that I was considerably perplexed, until I wrote to leach's for their book Ideal Home Decorations"-be Greater portion of which is devoted to curatos n decorations. It contains Toy of the most charming designs, showing how the most unattractive windows could be made pretty-and invitings.
t is the only book produced which tells of Peach's Special Patent Hems and Sunfast
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I was mos1 impressed by the charming idea lor casement window decora tion. These suggestions not only embodied the actual size and mber of cartalnarequired but it was possible to
ace at a glance, just how much each window would cost, and then by reference to, the book one could easily see how the window would look when finished.
The Book alsa contažas many varieties of other necessities, HOUSEHOLD LINENS, UNDERWEAR, CLOTHING, LADIES' BLOUSES, LÁCES, etc. The illustrations were superb. Nowhere is it possible to obtain curtains of such, exquisite taste: A plain fact also to the
arist casual observer
was the astonishingly
this
moderate parlees of the productions from Inous loomi. Peach's Loom Prices 25% CHEAPER. Here were beautiful designs of curtains, designs exclusive to Mesars. Samuel Peach and Sons. the actual makers, which were, at least 25 per cent cheaper Can one usually pays For the most ordinary
Delightful styles are curtains, yet, they were
Talon in the book. infinitely superior quality. This is simply because Peach's are the actual makers- supplying direct to the users and tave 50 years' reputation.
lu
Fill in the coupon below, or send postcard for Free copy of this magnificent book. You will never meme to admire its contents. Write now. Get the handsome book "dent Home Decorations." by S. PEACH & SONS, (Dep
THE LOOMS, NOTTINGHAM, England.
FREE COUPON
& PEACH & SOxs, (Dept.
Nottingham, England,
"
Please send me your Frei Catalogue Curtain Uwide as per your offer.
Name
Address
[550
£377 £378 £430 £154 £487 £595
bremming apparent.
WILSON.
+49
the
tention of the Government of Federated Malay States to establish u system of licensing boards upon the lines recently adopted in Bengal; whether. it is proposed to substitute a system of fixed Licence fees for the auction system and to sure a stricter supervision and inspec fun of places licensed for the sale of
rink; and whether it is intended to in- Bude toddy and beer in the restrictions now applicable to the sale of spirituous liquors to Tamil coolies.
In reply Mr. Harcourt suid-The High Commissioner fer the Malay States informed me on the 30th of April fast that the reports which had been called for from the Residents on the working of the 1912 Excise Enactment had been received: that they showed that the system establish- led by the Enactment was certainly better than that previously followed; and that the question of introducing further im- trovements was under consideration. Further despatch is promised after receipt. of a report on the subject from the Acting Controller of Labour, who has visited India lately and studied the system adopted there.
THE MISERY OF MEAL TIMES.
DAINTY MORSELS FAILED TO CREATE A DESIRE TO EAT..
"Can you enjoy your food?" On the answer to this simple question a whole life's happiness may hang. Some people The reports in American papers of the at meal times approach the table as if. death of the President's wife show they were leaving the condemned cell for Mrs. Wilson had been ill since last execution. There's always a skeleton at February, when she fell in the White their feasts-an ever present sense that She good digestion will not wait on appetite, House and strained her spine.
nor health on both. They never allow practically recovered from that injury, but in the meantime kidney trouble set themselves to forget they have a stomach or a liver. They could not if they would, in and gradually she grew weaker.
About two months ago her condition for the torments that follow from an
system are began to grow serious, and about two impaired digestion
perpetual nightmare to them. weeks before her death Dr. Grayson, her medical attendant, became alarmed. Noted specialists were called in and trained nurses were kept in constant She continued to grow worse, however, until serious sinking spoils came early in August and she passed away
in the presence of her husband and three daughters at 5 pm
attendance.
It will be seen that while a trade depres-on August 6th.
boom year.
sion followed the booin year 1900, it was a Mrs. Wilson was fifty years old, and klight one as compared with the old when she came to the White House was slumps. Experis fell from £291,000,000 in robust health. Always a home lover £280,000,000, and then recovered, rising to she nevertheless inmediately assumed the the unprecedented figure of £428,000,000 arduous duties of a President's wife.. in public in 1907, only seven years after the previous She took an active interest
affairs and frequently received deleg There was then a slump, but one of tions calling on the President when he smaller proportions than of old. In 1908 was too busy with other matters. Even exports fell by £49,000,000, but this during her last illness she frequently. decline was in a trade very much greater usked to be informed of the events of the than that of 1890, which suffered a fall United States and the world. The he of £48,000,000. Quick recovery followed of the seriousness of her illness was kept from the public until the day before her and exports have since amounted to the death, when it was admitted that her extraordinary figure of £525,000,000 in chances of recovery were slight 1913, a rise of nearly £100,000,000, after an interval of only six years since the last trade boom. Since 1872, then, the trade booms have been separated by the following intervals :-
1872-1882 1882-1890
1890-1900
* 1900-1907. 1907---1013
10 years.
10
It is clear, then, (1) that trade slumps have lost their old terrors, and (2) that trade depressions are shorter than they used to bo,
As to 4014, 29 I have reminded the reader, there is now some falling off in trada, and the probability is that 1914 as a whole will show some decline as compared with 1013, but not a decline of the bad old sort.
Perhaps I may be allowed to point out in passing that in view of the great increase in public expenditure-in-all great- countries in recent years, those who have tried to maintain that increased publie expenditure could only lead to commercial ruin and decline have really a great deal
to expisin away.
MAN'S NEED NOT IRREGULAR. Contenting myself with this little dig in certain economic ribs, I pass to the
serious moral of my tale.
To vary the expression of an old tag, man wants but little here below, but he wants that little regularly. It, theu, trade is irregular, it is not because of any variation in the needs of men. Booms and
Mrs. Wilson took an active interest in the career of her husband, in his contesta with Congress over legislation and the numerous official duties with which he was burdened. Throughout life she had been his constant helpmate and com- panion. Her clear judgment on political affairs and broad views of educational questions had been a source of gratifica tion to him for years.
Mrs. Wilson was a woman of sipi ways, possessed of naive, magnetic She had a faculty of putting her guests promptly at ease and was a
hostess.
was She charming
manner.
·ever
democratic and modest in her tastes.
er taster of Congress adjourned, as respect after passing a resolution expres sing their profound sorrow.
COOLIES AND DRINK.
QUESTION IN THE COMMONS.
To tell sufferers from dyspepsia that the alady in one form or another has afflicted ali ranks of society, in all ages, from the cradle to the grave, is poor consolation. They would prefer to be out the fashion, as the saying is. Lot King So and So, Lord This and That, and Mr. Multi-Millionaire keep their indigestion," they would grow if you said they were in the same class of sufferers: What I want is to be on good. terms with any food. Can you tell me how "
We can.
For the past 40 years the emedy for stomach, liver and bowel troubles, which has won popularity as wide as the world, has been Mother Read this convincing Seigel's Syrup. testimony
Mrs. Rose Collins, of 13, Ravenscraig Cape Town, Road, Woodstock, near writes on January 2nd, 1914: About began to suffer very three years ago,
I developed symptoms such as gaiss in the chest, side, much from indigestion.
between the shoulder blades, and severe headaches.
Even the most dainty morsels of food I became failed to create a desire to eat. so weak and run down that I soon became incapable of managing my household affairs. I was induced to try Mother Seigel's Syrup. A few doses gave me great relief, invigorated my appetite, and by the time I had finished three bottles I had. thoroughly recovered. bave since been in the best of health
+2
I
S. Moutrie & Co., Ltd.
PIANOS
ON
HIRE
At $10 Per MONTH.
TUNING AND REGULAR ATTENTION
INCLUSIVE.
[51-3
INDO-CHINA PORTLAND CEMENT COMPANY, LTD.
FAMOUS
GEME
PORTLAND
DRAGON
BRAND
CEMENT
HO
ALWAYS IN STOCK
-HIGH
QUALITY BUILDING
CEMENT
Apply to P. SOFFIETTI & Co., 14, Des Voeux Road Central, 1st Floor. Telephone 289,
DUTT'S
USE ONLY
[1049-1
MANGO” BRAND
CHUTNEYS AND
CURRY STUFFS
AND
“EAST INDIAN CONDIMENT CO.”” BRAND INDIAN CONDIMENTS. SREEKISSEN DUTT
CALCUTTA,
& CO.,
THE PREMIER CONDIMENT HOUSE IN INDIA.
A. B. MOULDER & CO., LTD.. SOLE AGENTS FOR
HONGKONG AND SOUTH CHINA. Hongkong, 18th June, 1914.
NA
RIGAUD'S
KANANGA
OF JAPAN
TOILET WATER
Beware
of foitations.
RIGAUD & C
PERFUME 5
8, rue Vivienne. 8
Pasla-France
NOTICES TO CONSIGNEES
9.8. ? POLYNESIEN," COMPAGNIE DES MESSAGERIES MARITIMES.
NOTICE.
133-6
Perhaps in the stress of modern life
CONSIGNEES of Carge from London there is a tendency to treat lightly the ex sa Normand," from Havre ex 3.5. frst little derangement of the stomach, Normand," and from Bordeaux ex sa Viile ver, or bowels until dyspepsia has us de Ce te," in connection with above steamer in its grip, when loss of appetite, are hereby informed that, their Goat with the irritability, sick headaches, constipation,xception of Orium, Tressure and Valuables are and other distressing symptoms weigh being landed and stored at their risks into the heavily upon us.
sazardous and/or extra bazardons Godowns of Don't make this error. Get in n the Hongkong and Kowloon Wharf and our counter blow, and, indeed, get Your Co., Ind., at Kowloon, when delivery may be
An occasional dose of abrained immediately after landing. blow in fust Mother Seigel's Syrup you will find will keep the digestive organs up to concert pitch and a few doses will relieve you of the first signs of indigestion. banish it, if you have been a victim to it for a long time, take a regular course
Syrup prescribed dose after meals.
With the experience of others to go by, you may look forward to quick relief, and ultimate restoration to health. You
All damaged packages will be examined on may be offered something else when you ask for Mother Seigel's Syrup. Hand it the 7th inst, at 10 a..
No Fire Insurance bas kurz effested. back, and get what you want; don't have Imitation
P. LOMAS substitute foisted on you.
the homage shoddiness paya
to
Abil excellence.
[100
*914.
Optional Cargo will be forwarded on unless intimation is received: from the Cyosigaver store Noox TO-DAY requesting it to be landed To zero.
In the House of Commons the following question was asked recently by Bir Herof Mother Seigel's
bert Roberts:-
Whether in view of the allegations publicly made at meetings of the Planters' Association in British Malays, with re- gard to the spread of drinking habits among the immigrant population, espe cially Tamil estate labourers, further steps will be taken to remedy the admitted evils arising from the drink traffic in the States and Colony; whether it is the in-
18
Bills of Lading will be countersigned by the Undersigned. Goods remaining nelaimed after in thehe 7th inst., at Noon, will be subject to rent
and landing charges.
All Claims must be saut iu to me on or before
or they
will not be
be 10th inst.,
recognized.
Hongkong, 1st Septe
(825
NOTICES TO CONSIGNEES
NOTICE TO CONSIGNEES
THE Cargo
ex S.S." PRINCESS ALICE," having been transferred and arrived per 8.8. "NILE" from Manila, Consignees of Cargo aro hereby informed that their Goods, with the excep tion of Opium, Treasure and Valuables, have been landed and stored at their risk into the hazardous and/or extra hazardous Godowns ofthe Hongkong int Kowloon Wharf and Godown Company, Ltd., Kowloon, where delivery may be obtained, against extra height and expenses incurred
"No Claims will be admittsu sfter the Goods have left the Godowns, and all Goods remaining undelivered after SATURDAY, the 5th fast., at Noon, will be subjecs to rent.
All broken, charted, and damaged Goods are to be left in the Godowns, where they will be examined on the 4th inst., at 9.30.
{
All Claims muat reach us before the 10th
inst, or they will not be recognised.
No Fire Lasarance will be affected.
Bill of Lading will be countersigned by the Vodersigned,
MELCHERS & Co. Hongkong, At Eepte ber, 1914.
NOTICE TO CONSIGNEES,
THE P. & O. 8: M. Co's Blearner
T
₤1103
"NAMUR," Arrived Hongkong on 2nd Sept., 1914, FROM ANTWERP, LONDON, MALTA. PORT. SAID, SUEZ & STRAITS. Consignees of Cargo by the above-named Tassel are hereby informed that their Goods are being landed and placed AT THEIR BIGR in the Hongkong and Kowloon Wharf and Godown Lo.'s Godowns at Kowloon, where each Consign, neat will be sorted out Mark by Mark and delivery can be obtained as the Goods are landed. Optional Goods will be landed here: unless instractions are given to the contrary within
hours,
Goods not cleared within 8 days including date of arrival will be subject to rent,
No Fire Insurance will be effected by me in ny case whatever.
Damaged packages must be left in the Godowns for examination by the Consignees and the Company's Surveyors, Messrs. GODDARD d Douglas, at 10 AM. on MONDAYS and THURSDAYS. All Claims must be presented chin ten days of the steamer's arrival here, iter which date they cannot be recognised. No Claims will be admitted after the Gooda
Ave left the Godowns.
12
E. A. HEWETT,
Superintendent.”. Hongkong, 3rd Ear tomber, 1914.