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168
115
THE HONGKONG DAILY PRESS TUESDAY, JULY 11T, 1916.
TIENTSIN'S TRADE IN 1015.
CHINESE MANUFACTURING COTTON PIECE GOODS.
In his report on the trade of Tientsin
during Dis, Ms. F. W. Maze, tho Com
|
NANYANG RAILWAY AND
THE LATE LORD KITCHENER,
INTIMATE STORIES,
A MANY-SIDED MAN,
Kitchener gave little assistance in dis- "Though the spoken words of Earl
covering the inner nature of the man, he has fortunately been studied under many aspects by his admirers and friends. His normal life as the British War Minister has been set out in the following time fable:"
MINING COLLEGE.
THE EVILS OF SQUEEZE,
The annual prize giving and closing exercises in connection with the Nan yang Railway and Mining College were missioner of Customs, saya;— 3
held at the college, on the 4th inst., The net value of the trade of the port when Taoyin Chow Ching presided over for 1015 was 125 million taels, an irrense a large attendance of scholars, parents of 14 million over 1914, and a decrease and friends, supported by Mr. F. O. of only 8 million from the record yehr Revitolus and Mr. S. H. Lum, principal 1913, when trade. Hooned exceptionally After Mr. Lum had presented his This result is satisfactory, considering annual report, Mr. Reynolds addressed the number of disadvantages trade suffer- the scholars and urged them in after life ed from on account of the war in Europe to look well to their reputations, to Import business was done on a restricted chew scamped work and, above all, to sole throughout the year, as manufaclave nothing to do with squeeze. Scamped turers abroad, were unable to quats on a work could be pulled down and put self. basis by to give any firm itrative. It could never be rebuilt. With regard to forward delivery freight and insurance it five minutes for rates ruling at the date of shipment hay squeeze, it either meant that bad work invariably to be at the importer's, was being put in or the job was costing risk. Owing to the shortage of tonnage more than it should, and he exhorted from Europe, importers were unable to them to avoid squeeze as they would the guarantee any specified date of delivery plagne. To China they had a fine field to Chinese dealers, who were slow in
they should first work for her and then, vailing. Prices of all goods from Europe for themselven, and America rose stendily, and at one tims Chines merchants declared that it was impossible for the local markets to respond to these continued rises, being of opinion that business world come to a standstill if they continued. However, at the end of the year the dealers began 10 see more clearly that, so long as the war lasts, there is no hope for lower prices and easier conditions, and being so encouraged by more favourable ex- change, began to place orders with local import firms more freely and at current prices. Fortunately, the shrinking in port trade was targely compensnied by increased exports, as the demand from abroad for the produce of North Clann was exceptionally risk
Brisk throughout the
GERMAN FINANCE. AN IMPORTANT WARNING:
preciating the unusual conditions pay for work, but to serve her interests heat Lord Kitchener seldom wore khaki, 1911. There is likewise no question of
rear.
With a view to keeping the port open during the winter season, the Haibo Con- servancy Board, with the concurrence of the Board of Reference, inaugurated ice breaking operations on the river and Bar
during the year. There is every reason to suppose that under normal atmos pheric conditions these operations will be successful, thus permitting steamers to come in, is the Bund and discharge and load cargo at all times The 1915-1910 season was perhaps somewhat milder than the average, but several spells of severe cold were recorded, and it has been con- clusively demonstrated that without the ter-breakers navigation on the river and Bar would have been inpussible, while it has been made equally clear that, given normal conditions, no insurmountable difficulties are likely to prevent the port being kept open to navigation throughout the winter months in so far as ice on the Bar and river are concerned. There must always remain, of course, the risks and uncertainties of drift ice in the Gulf, which local ice-breaking operations an- nol, of course, affect.
FOREIGN IMPORTS:
The value of imports which reached Tientsin direct from foreign countries amounted to 40.04 million tacks, and that of foreign imports from Chinese ports to 15.03 million Caels, making a total value for foreign imports of 55.67 million taels. From this latter gure must be deducted the value of foreign goods re-exported 2.81 prillion taels, leaving a net importa tion of 32.86 million tuels. This total represents a decrease of 15.85 million taels compared with the figures of 1914, which was due to the disorganisation in Europea
tained.
A correspondent to The Times writes - Your Argentine Correspondent, whose inst, with reference to the warning con- communication you published on the oth veyed by the Argentine Minister in Bor lin to the Banco de la Nación Argentina, calls attention to a subject that has much greater significance than appears upon the surface, and it is possible that a sim- far communication may have been receiv Up at seven ani, an hour for toiletted by other neutral nationa
The leaders of German Anance, never and a hurried glance over correspondence; fifteen minutes for breakfast; at the War anticipated a war where the whole of Office at nine a.ni; 47 hours of callers, for over 29 months, and the following their commerce would be at natands ill correspondence, munitions, reports from quotations will most clearly indicate the front, high explosives, Cabinet meet what is about to happen to the German in interviews with subordinates, forer, banking institutions. There, one, be to
of more, work; dinner at 845 p.m.; nearly two are taken from the report of the German as to their accuracy, for they
Bank Inquiry of 1908-1900, and were pub hours of despatches, and into her at eleven p..
lished by the United States Government Whilst Secretary of State for War,
in the National Monetary Commission in
usually were the undress uniform of adenote, for the statements were uttered disagreement with the conclusion they British Field-Marshal. In the Holy by the leaders of German finance, and the Mr. F. C. Kao, chief manager of the Land, a member of the exploration party conclusion to be formed from them would Commercial Press, spoke of the anomalies records, "He was as good company as he agreed to by all the great financiers that existed in the Chinese Government any man could wish to have; full of life service at the present time. Engineers and spirits. None of us thought much of
this country. were doing the work of clerks, and the our toilets; he least of all. Why, after a clerks that of engineers, while important few months' travelling about in Fales positions were only to be obtained by tine he looked more like a tramp than influence. He urged that in
Our fluidity is not what it was, owing young men of China lay the country's clothics wouldn't have fetched a three-velopment. It is the essence of niereat- the an officer in his Majesty's Army. His to our commercial and industrial de- final salvation, provided they were ready penny bit at any old-cle shop in White tile intercourse that it should exploit its to sacrifice themselves in order to work chapel. When the party was attacked credit, and we Germans would be fools if for her
by a band of marauders Kitchener, "arm we were not enger to exploit our credit. ed to ward off the blow of a scimitar. legitimate bounds; there is no harm in ed only with a riding-whip," cooly tarn
I admic that at times we transgress the, Ho escaped with a partly severe this so long as the whole structure remains shoulder, In South Africa he again bow sound. ed that he cared nothing for dress Julian Ralph wrote of him; “His stare
For what use is an elastic paper cur- were gone. His buttons were dings. His rency permitting the Reichsbank to issue coat was stained, and the left-hand so many additional millions of tax- pocket was torn half-way down. single eyeglass was as murky as a White the securing the paper currency with His exempt notes? The main thing remains chapel window in December. He had not gold. We cannot get it from abroad, for
scholars and afterwards presented the Taoyin Chow Ching also addressed the prias.
PEACE INSURANCE AT LLOYD'S,
At Lloyd's on May 22nd, says the Fun- don fail, underwriters were charging 50 guineas to insure against a dechira
tion of peace between Great Britain and Gerrarny on or before December 31st next. This rate indicates that in under writers' opinion the prospects of an farly peace are better than two months earlier, when the rate for the same risk was only 30 guineas per cent,
RE-EXPORTS.
shaved for weeks He was sitting on splinters and leaning on Cape jam, and he didn't care. He was, like the rest of us-dirty, unkempt, unshern-blending with the vuldt, melting into the desert colour, going without a razor, a bath, or a brush of any sort ***
WAR ECONOMY.
|
of
deutsche Kreditbank and member of the Karl Mommsen, director of the Mittel- Reichstag for Berlin, said:
Notenbank, Munich, said:v
Dr. Stroll, directog of the Bayerische
our balance of trade is not of such a nature as to cause a large influx of gold Banks collapsed not into Germany. alone through insuficiency of reserves, but also because the debtors and bills were rotten.
"Though Lord Desborough has told low the great soldier said to him, "I cono to your place as my home; I have no home of my own,” there is no doubt that. he found much pleasure at Broome Park, to which he once had hopes of retiring. Parties of wounded soldiers have found him a delightful host at the entertain ments he has given there. His love of chinn is well known, and he undoubtedlys
Mr. J. A. S. Watson of Cape Town, told a story about Lord Kitchener at the conference of the British Imperial Conn- oil of Commerce. It had not, he said, sern the light before not
We can but ask ourselves, Does the whole structure of German finance remain sound to-day, when no gold, has been im- Surely this was not the sort of max ported since the commencement of the The import of Japanese-made paper, on
whom une could have expected to carry war, and the bills and debtors have the other hand, increased, but prices were
onso politely and so diplomatically | become rotten owing to the total cessation high, and the supply insuficient to meet the historic dialogue with Marchand at of the commerce upon which they were the demand. It would therefore appear Fashoda, which ended with whisky-and-based? that business in this commodity will cou soda, and the Egyptian flag flying where tinue on a somewhat restricted scale until the French fag had flown.” That affair, the European situation is cleared. Cotton upon which the peace of Europe hung, braid imported during the year under has blotted out from the general recollec- review amounted to 240,410 pieces, com- tion of the world that the Soudan also pared with 2,784,758 pieces imported dur† gained for Lord Kitcheonr two remark- ing 1914, showing a decrease of 2,488,342, able tributes. Lord Salisbury said of Kerosene oil fell from 48 million gallons him that he was the only general who had in 1014 to 28 million gallons in 1915. fought a campaign for less-£200,000 loss During the early part of the year thethan he promised to fight it for. Lord trade in kerosene showed no advance Cromer declared that if he had not been The companies here had large stocks on one of the first generals of the world he hand, and there was no change in price would have been one of the first Chancel was very fond of flowers. For or other conditions. During the summer lors of the Exchequer,
geraniums, it is said, he might have be- the Chifuese estimated that all imported articles were soo deny, which was true of LIFE IN EGYPT.
come as famous as Mr. Chamberlain was. other
for orchids, had Fate allowed him a articles, but not of kerosene, Lord Kitchener did invaluable work in Nevertheless, the Chinese refused to pur Egypt, and it is probable that in years
period of leisure or retirement. It is chase with the result that there was a to come the period of his administration would die peacefully in bed. But his recorded that he had a firm belief lo very slack demand and, consequently, will be looked back upon as a golden era. trade fell off and likewise prices How To this work he carried his great asset
crowded life gave no opportunity for him ever, with the resumption of exports at of personality. To everyone he was he took the keenest interest.
fully to develop Broome Park, in which The cost of piece goods rose steadily more money in the interior, and Chiness The natives flooked in their hundreds to
the beginning of the winter, there was urbanity and cordiality persontied. AN EMBARRASSING MOMENT. during the year, owing to the difficulty immediately purchased freely so that Kase-ci-Dobarah, and he was able to in obtaining suitable dyes, as only a few of the old shades required could be th. Prices increased considerably
With the discuss in the vernacular every grievance increase of prices and the fall in the price and every proposal of those who sought There was a decrease under of Chinese seed oil to the former level nearly every heading, except in a few of kerosene oil, business in the foreign his presence As the Manchester Guar- Japanese lines, which found a market in articles again fell off. There was a condian remarks:Kitchener was not for- China practically free of competitionsiderable decrease in importation of getful of the effect of presence upon the As result of the difficulty experienced her, only three million square feet of Oriental. The sombre uniforms of the in obtaining adequate supplies of cotton softwood being accounted for, against 26 Agenor Karantes disappeared, and the piece goods from abroad, the manufac million in the previous year. It is stated gorgeous uniforms of the Indian Viceroy ture of these goods, by Chinese, factories that the market was overstocked at the took their place, so that men turned their in this province received a considerable beginning of the year, which probably heads in the bazaars as they passed and stimulus Factories equipped with
noted in small things a meaning that was modern up-to-date machinery were erect explains the decrease ed in several localities under Chinese
grent. Little did the smug aldermen of management. using Chinese
the City of London think, when they pre labour. Large re-exports of aniline dyes look foreign experts being engaged to teach place during the year. Supplies from sented Kitchener with gold plate, that it the best methods of manufacture and how Germany censed, but the stocks here were banks of the Nile Chat from Lade to would serve an Imperial purpose on the to make the best use of the machinery large, and the demand from other treaty Alexandria men would talk of the great The products of these factories corresports and Japan were able to be met to road in weight and design to the import some extent. The value of dyes re-export- British pro-consul whose very plates ed goods, and compete profitably in the ed to foreign countries during the year were of gold. open rourket with similar goods manufa under review amounted to H. Tls, But it was not the natives alone who tared abroad, the lendeney anong buyers. 203,879, while dyes to the value of HE welcomed the Kitchener régime being apparently in favour of Chinese Tis. 147,339 were shipped coastwise. The Society, too, which is bero more com made goods in preference to the cheap market values of uniline dyes were posifn in nationality than perhaps els varieties reported from Japan, or the very uncertain during the year. Flue where, acknowledges its debt to Lord higher and more expensive grades coming tuations in vaine were noticeable, and Kitchener's hospitality. Never before from Europe and America. A group of sorae dyes passed bands at 700 to 800 per has the Agency been so frequently crowd Chinese merchants have also placed cent, above the normal values, and a con-ed with callers, nor have dinners, balls orders in America for the latest spinning siderable amount of speculation rosulted and receptions followed in such rapid
to be used in two new mills
An amusing contrast to this is afforded COAL MINES, succession. A huge new ball room is be by the vivid sketch which "A.G.G. out- for the making of cotton yarn. If the PHOTO & success, there is no doubt that During the year the output of the mincs ng built, and next season guests will lined of the soldier-hero at a time gears similar plants will be erected in other of the Kailan Mining Administration find still ampler accommodation. So, ago when a differently constituted per- parts of North China, and full advantage amounted to 2,971,792 tops, about 200,000 angst almost every class, Lord son might have felt his heart warm to the will be taken of the fact that this pro
tons more than that of 1014, The sales Kitchener has made himself a social suc | welcome people wished to give him vince is well able to supp
total of 9,719,859 tons, Cosmedigita
He came into the room like the Day own needs reached with its own raw cotton.
1,004,231 tons were sold at places along Everyone is familiar with how he auto of Judgment, searching, implacabla. His Metals from Europe were very difficult the railways, the railways themselves cratically compelled roads to be built face were the burnished livery of the to obtain, as the various Goverments taking also 220,095 tons for their throughout the land. And he used these Indian sun, his eyes beneath the straight. had prohibited the exportation of nearly on the coast amounted to 1,242,948 tona. writer said:He has restored the presserutiny over the crowd of fashionable own consumption, while sales overses and roads, too. Of his journeys and visits a heavy eyebrows roved with cold, slow all grades as well as machinery: This caused prices to rise nearly 300 per cent. The output of anthracite coal from the tige of the representative of the Occupy people who ceased their chattering and Most of the metals which formerly came mines of the Peking Syndicate, Limited, ing Power, not only in the large cities, made way for him. One eager lady step- from Belgium and Germany veze sup Houan, totalled 425,042 tons, but also throughout the provinces, tili pod forward. "Oh, may I have the plied from Amerien. The importation of decrease of 2,275 tous as compared with now every little town band in the dishonour of thaking hands with Lord iron bars for 1916 was 20,102 picule, com- 1914. In May, regotiations between the tricts can play God save the King as Kitchenert" He looked down upon her pared with 92,741 piculs in the previous Peking Syndicate and the Civil Governor well, or as badly, as it does the Khedival from his great height in stony silence, year, and only half of the amount of of Honan were brought to a conclusion, Anthem”
ahook hands, and passed on.. A die corrugated iron sheets was imported and an agreement was siguod, it is re-
Owing to the already described dithen-ported, having the approval of the Bri- KITCHENER'S FORESIGET.
tinguished novelist barred the way ties in obtaining tormage from Europe, tish and Chinese Governments, whereby
"May I have the pleasure? I am So- and-Bo, mentioning a name as familiar the increased rates for freight and in an Anglo-Chinese corporation to be surance, and the unfavourable exchange, kuown as the Fu Chung Corporation was
looked at him as though he had never as Lord Kitchener's own. The soldier importation
from B
Europe of nearly created Under the terms of this agree
heard of such a person, took the offered all goods classified under sundries fell
ent the Fu Chung Corporation took
hand, and again passed of of, but in order to supply the persistent over all the mining rigate of the Peking Lord Kitchener Lord Esher asked. If, as Emerson AVE, manners are in- demand from the China market, Japanese Syndicate in Honan and those of the And he supplied the answer, "I remen vented to keep fools at a distance, Lord and American raade goods were imported Chung Yuan Mining Company, a concern ber the first day I saw him, immediately Kitchener is in a class of good manners in considerable quantities. Large im embodying all the Chinese mining com portations of Japanese sundries were panies in the same province, and became after the declaration of way He then by himself; but he is not a cheerful figurs musule in the spring and early summer the sole agents for the sale of the pro- said that he was about to prepare for a in a drawing room. A pillar ice but when focal markets became unfavour diets therest. In addition the Corpore: ihres scard war. The Germans may could not lower the temperature of re
the
Viscount Esher bas reiterated that Lord Kitchener was the only man in the Brit ab Government who foresaw from the very beginning how long and terrible this war would be. "Why do I refer to
· “When Lord Kitchener passed through Cape Town, after the Boer War, the Chamber of Commerce invited him to luncheon, and he accepted the invitation. After the speeches a young lady shipped into the room behind the chairs of the guests and slapped Lord Kitchener on the shoulder. He turned round, and shi had the audacity to kiss him, Immedi ately steps were taken to have her re moved, but she had brought with her a Bented it to Lord Kitchener. At the saine lovely bouquet of Chipe flowers and pre time she asked him to write his name in her birthday book. We were rather non- plussed at the time, as we felt it was a | great intrusion, and that she should be turned out, but Lord Kitchener turned round and asked for a pon, which some- one handed to him. He then signed his name in the book, and the young lady, the daughter of a well-known Dutch doctor in Cape Town, went away."
A PILLAR OF ICE
able after the political crisis in May, tion is granted the exclusive coal-mining get to Paris," he added but this is not completely. At his coming the idle chat sales were restricted, and large stocks rights in the Hwaiking prefecture, out the war of 1870. It must be fought to a ter is silenced as the birds are silenced were at one time said to be on the hands side the areas now operated by the Peking long finish. If the Germans get to Paris at the oncoming of a storm Tried by of the Japanese importers. The import Syndicate and it is given special facili the French armica wil retreat boyond the of all kinds of naner from Europe fell to ties for the employment of foreign capi Loire, and we shall retreat with them, and two years house w Great Britaja, shall throw the last million men into the brale and win the wor.'''
en almost negligible quantity owing to tal in two prefectures lying west of the the increased cost and scarcity of pulp Ching Han Railway These privileges and the inability of mills to fill orders are granted for a period of 60 years from
Continued an next Column) the date of agreement
Continued on neet Column)
the test of O'Connell he might on a super- ficial survey be taken as the most repre sentative Englishman of his tim Englishman, said O'Connell, has all The the qualities of the poker export its vees- sionst warmth." Dail a charanki