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THE HONGEUNG DAILY
OUR TERMS MAKE IT EASY TO HAVE A VICTROLA.
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:
*
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Victor Agents.
Summit EVENING
DRESS COLLARS
M
Shape 24. Quarter sizes.
EVENING DRESS ESSENTIALS
Shirts.
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Socks. Gloves
EVERYTHING OF THE NEWEST AND IN THE BEST TASTE.
MACKINTOSH
Men's
& CO., LTD., Wear
16, DES VŒUX, ROAD,
Specialists,
Telephone 29.
[48
FOOK LEE & Co.
Established 1871,
IRON & STEEL PRODUCTS, HOUSE & SHIPBUILDING
& ENGINEERING MATERIALS.
HEAD OFFICE Nos. 2a, 2 & 4, Hillfer Street. Phone 1174.
BRANCH OFFICE: York Building, Chuter Road. Phone 1950.
PRICE SENT ON APPLICATION.
Tel. No. 1743.
THEATRE
ROYAL
CONCERT
SPECIAL MATINEE‹
on WEDNESDAY, February 12th, at 5 p.m.
BY
THE TWO GREAT ARTISTES
S
KLAREVSKI
PIANIST
Y KORA
'CELLIST
Prices $3, $2 & $1.
Children Half Price.
Booking now open at MOUTRIE'S.
[101
Management: J GENIN.
[997
$44
THE
CORONET
February 11th and 12th, 1919,
at 5.15 and 9.15 p.m.
GLADYS
Tel. No. 1743.
HULETTE
in
"THE CIGARETTE GIRL'
THOSE, HAPPY DAYS.
Booking
ETC.
ROBINSON'S.
BESE TUESDAY, FEBRUARY 11TMя. 1919.
PEKIN SYNDICATE IN 1917-18 PETROLEUM PRODUCTS AND
A SERIOUS ROLLING STOCK: PROBLEM.
THE WAR. FRANCE ACKNOWLEDGES HER INDEBTEDNESS.
Thanks to tolool, we were able to re turn blow for blow the "cards sent us by the Germans from their great cannon: without this invaluable' explosive given to as, at a time when wa, most required it, the war would have been lost. It fired our great capnon, and, in a word, ved Verdun.
Op the other hand, how could wo Frenchmen forget the maritime assistance le which the British Government and the
American Government gave us by grant
NO SHIPPING CONTRUL LORD INCHCAPE'S · PREDICTION. Lord Inchcape, addressing the share- holders of the Peninsular and Oriental
The report of the Pekin Syndicate,
At the dinner give by the British Gov Stenship Company, on December 11th, some extracts from which are given bere,
nid with so many ships sent to the reveala A very satisfactory" position, ernment to the delegates of the Inter- actions it would take some time before although the directors have not seen their Allied Petroleum Council-Earl Curzon they were able to offer to the travelling way to declare a dividend (comments the presiding--M. Bérenger, the Commission- of Petroleum ja France, public the convenience, comfort, and re 1 and 0. Express), They intimate, how-er-General galarity to which they had been noche
said, inter alia:- The Governmentver, that when agreement has been reach. delivered an important address, tomed trefore the war.
At Rome last month, at the banqueting us a number of tank stemmers which had announced that they did not cont with other interests with reference to template the nationalisation of shipping culliery expenditure, which is expected
We ask for no help from the Goverh
All that ment," added his lordship. we ask for is freedom from annecessary
Thi
interfrease and from repented chanics in rules and regulations framed at the other end of the town.
nement.
ia
much importance in uring the victory, as the bloodshed. Petroleum, indeed, and its products will have been of a
has been the very life-blood of victory. & great deal of human blood, of the purost and of the most heroic, would have been sacrificed in vain, and might even
tries in irreparable disaster if the life blood of the soldiers of the Entente had not been supported by another blood of
by the blood of all the oils of the Entente, the earth in the service of huntan blood, associated against the Kaiser and Ger
211
our neede and our efforts, which werr
armies, our national agriculture, ur wa17
industries, as well as to light our civil population Thanks to you, gentlemoen, our Generals were never short of a lon of petrol and the mothers of soldiers have often had the modest drop of ort to feed the little lamp by which they were W. writing to their sons at the front French armies and of the French people thank you for that in the name of tw
The Inter Allied Petroleum Confer Professor John Cadman, who is such a and personal distinguished clinical once, the chairman of which is my friend authority, will have counted for which, now for nearly a year, in the coordina
It tion and the justment of victory. 28 through it that the Inter Allied Gov crament Control, as indispensable in a Inter war such as this as was the sole Allied Command, in order to gain the was exercised without constraint It is by but the Inter-Allied Petroleum Conference afresh, the repartition that the endless difficulties as to tonnage.
victon without breakdown.
constantly
War, as
sens and in the Eastern seas, in France and in Italy, in the Channel theatre of as in the Salonica theatres We can render to one another this justice worked together suficiently of war, were solved month by month.
that we loyally, have become not only good allies for the war but good friends for always.
The whole thing, if attempted, would have 2000, "the question of a dividend can be which closed our previous Session of the increased annually in accordance with proved an egregions failure, and would considered." In the meantime, the out Inter-Allied Petroleum Conference, I had
put has increased, and the rolling stock the opportunity of saying that petroleum necessary for us to apply our national have been abandoned in a very short
Further agencies for interior time, though in ali likelihood too late problem is the chief difficulty of the to admit of the supremacy of British trading pro being arranged, but trans-
Unless shipping ever being recovered.
anch can be done. British shipping regained ita old agend. Port to Ching must be improved before The report of the Pekin Syndicate, ancy, it would not be shipping that done. would suffer: it would be the entire body Ltd., states that the receipts during the of British trades Shipping was the most year to June 30th, amounted to £88,499, vital of all key industries," and bless
sundry investments, dividend on shares, 11 continued to outstrip its rivala in the comprising interest on Chinese bolids aud indeed have involved the loss of our coun
The expenditure during the same future as it had in the past, both in proetc.
Feriod on
salaries and expenses of man perity and in adaptability, the whole edifice of our foreign commerce mugement in London was £10,301; in
Paris
£4,008; and in China, £11,109. collapse.
Follections were sometimes chat updu French, fiscal, dues in respect of Shansi the oquercial community for their want shares amounted to. £703.
The credit, balance of profit and lose of enterprise. It was said that they did
carried to balance-shoot not move with the times, and that they account carried on with antiquated methods and 9,281, which the directars propose any in the same action as the blood of machinery. The P. & D. and the coth should be dealt with in the same manner all the soldiers of the Ententé.
American oil and the Asiatic oils, those panies associated with it had put into as last year, and carried forward. new ships during the last twenty-five colliery profit and loss count is delay-Borneo and of Burma, as well as thom years something approaching £50,000,000 ed until, as was explained at the last of Pennsylvania and of California, bitu The position was in a relative degree the general meeting, certain figures as to the meus from the shales of Scotland, all anne with almost every shipping comb betual expenditure on the colliery have whether great or uall, will have contri- pany in the country, and he did not think been agreed upon with other interested buted by their casential or heavier oils, motor-lorries, the aircraft, the ships. that the shipping industry could be partic. It is expected that this will be various qualities, to put into movement accused of lack of enterprise or of adopt | ranged at an early date, when the the guns sad the tanke, which ulti-and the both in the Western ing a niggardly and short-sighted policy question of the payment of a dividend mately succeeded in breaking up and While they would have grave dificulties can be considered.
crushing the barbarian enemy, who, hay The future possible production and ing boasted too soon of his superiority to eontend with in the future. provided they were left unhampered, he had to sales, are to a very great extent depend-in bol und robin has sufficiently fear that they would be able to recovat ent on the amount of railway rolling reckoned with his inferiority.
may also repeat here, after the and hold their old premier position stock available, which is the principal the world.
question confronting the board at pre arinistice, what 1 etated in Rome before the armistice, that victory, whose image
We must now remain allies and friends May 31st marked the close of the third the ancients loved to fx in marble or in
during the armistice as during the war, end to The arinistica has not put a actual year of the existence of the Fu brass, was perfectly beautiful, but her Chang Corporation. After enumerating proportions and her means did not sur
the war; it is only a phase of the war, the difficulties met with, such as the pass those of the ancient imperium Her
during which the difficulties have becomes railway If we are left giht shortage of
wagons, wings were not those of the bird; her
Was chariot
only small somi-circular dienstrous floode,
increased rather than diminished. ntone by Government departments, we are ardught followed by
drawn by two horses, or, at most, by four, with railway traffic,
marching towards the Rhine and for sup solves. A little give and take and etc., the managers, in'
tons mere per day several bundreds bore two or three hundred men. To-day, plying the armies of occupation, for sideration will be necessary for a time, year, accord, an increased total sale of of a galley, even that of Cesar, only but we shall all shake, down. If there is 5,022, tons, and express their absolute the victory of the Allica, grandioge as than he required in the moment of the
Lattles. not employment for our population in confidence in substantial farther in their cause and their means, must be with
by the shortage of effec- those islands, there are vast opportuni
rease when transport is available.
an aeroplane ties in our dominions beyond the sens The Banque Industrielle de Chino con the immense wings of
up of her railways, due to the surprise likely to see three jobs for one man than the period under review a further call with petroleum, escorted by grant guns of our motor-transport victories.
To the coming decade we are more tinues to show increased profits. During driven by oil, on a tank stoamer lauded lives, nor by famine, but by the hotding- drawn along by seans of oil, followed on we, the conquerors, have to vabuftle three men for one job. There are croak of one-third of the copaid capital was ars who quail before the problem that made. This was found advisable owing by the innumerable motor-lorries, which the German defeat, but we can only effect
of several new oil bas enabled to bring about the great confronts us after the victory we bar to the opening up
meter-lerries, and, therefore, at the cost Gorman railway organisation of further thousands of tons of fuel oil gained. They see nothing ahead but in branches. A dividend of 10 per cent, was military surprises under which the fan this unbottling by tens of thousands of ternal strife and impoverishment, and paid for the year to December 31st last
And nevertheless the hour has struck they point to the difficulties of the decade (1917), against 8 per cent for previous crumbled to pieces. The present victory and petrol
was therefore gained by the blood of the
when P'case,
our civil that followed the close of
Poilus, the Tommies, the Arditi and the of the Napoloni am sanguine enough to believe gra
greatest difficulty which the cranks, but it could not have been gained already
our agriculture, are requiring more oil that we shall enter the first crucial perled
This victory, will a difficulty which will also be felt in the which is called oil.
at all events, is the no longer be that of Samothrace, but the and still more oil, petrol and ever more
petrol. ment of our rien, Why will be world: impediat, future, was paid for transport po longer be that of
France, for her part, has done a great Pand
When we reflect that this immense vic s. At times this is extremely
deal of work during the war to adapt prices, and the energy, the industry,"
her wens of roception and of distribu- the law-abiding character of our people acute, and it is impossible to look for tory on land and on sea has been obtain- will see us through pence just as they ward to any further increase in the out-ed on the battlefields of Western Europe tion of oils to her triple needs of con- sumption. Oar, porta were too small; have seen us through war. We shall pull put and sales until this factor has been where the native productions of liquid
¿ put
we have enlarged them, being fuel did through.
tanks were not sufficiently numerous "TRE
of the war, and that, in spite of the
are engaged in multiplying them. Oar "Thor" TAR BOLSHEVIK GED clemente adequately deal with this important fuoro then on, exist in the proportion of
tank wagons and our tank lorries were in- sufficient; we are doubling their number. in this country. We have some men in Un the whole, the syndicate can con marine war of our enemies, it was neces our midst who are enturated, whether
hardly
well a sufficiently appreciate the armie
to civilians, are being they know it or not, with the Bolshevik gratulate itself upon the results of the sary to import the remaining 28 per cent.
really impressive, erend. Happily their numbers are few Year's working and the way in which the across the various occans of this planer Our containers even, so necessary to the and the common-sense of the people of Plant has been maintained under the work of the great commercial companies manufactured on
people most trying conditions. There are large for production and for transport which,
pliad with the sheet metal. these islands is not likely to
quantities of available conl developed, like the Royal Dutch Shell Combine, the scale in proportion as we are being sup- A nation which will be a great con- to any extont by their proceedings.
and the workinge and plant are in good Asiatic Petroleum Company, the various
atuses of petroleum, of petrol and of oila "If it had been decreed that Govern order. There are also other areas ready Standard Oil Companies, the Gulf Be ment officials were to be allowed for immediate development, and the fining Company, the Anglo-Persian Oil for years to come, the France of the
that of
Company, have responded to the appeal victory wishes to be associated in the to control shipping, while
future prospects are highly promising.
of statesmen like President Wilson, problems of production as well as in those the Allie
neutrals, and enemies are
Mr. Lloyd George, M. Clemenceau, inof consumption. obviously would have there free,
order to permit Lord Jellicoe and Bir
The League of Nations is a just and been only
to the one. course open
David Beatty, as well as Marshal Jeffre Peninsular and Oriental Company. We
Field-Marshal Haig and Marshal Focha sublime ideal, but I am one of those who believe that it cannot be realised should have built as moro ships: we!
to have at their disposal annually more excopt by an Inter-Allied Association of would have disposed of the two milljone
fuel oil and lubricating oil. These than 7,000,000 tons of petrol kerosene. Raw Stateriale.
Mar
perfectly capable of reconstructing our military interferentheir report for the and if she was sculptured at the prow shal Foch is asking to-day, for the armies
Wars.
WATS.
con
itoagined by some aculptor of genius quered any, indeed, has been con
oug
noar
To-
af peace in as favourable à position Pay has bed to face during the year without that other blood of the barth populations, our industries, our trades.
most rivale. We for d
DS
purposes."
matter.
D YARN MARKET COTTON AND YARN
Mesare. Polisliwalla & Kotwall, cotton
report dated February 10th, state-
of tonnage which we and our associated and yarn brokers of Hongkong, in their companies possess in the best market avail- able; we would have divided our assets amongst our shareholders, and retired from business. I don't think we would have had any difficulty in selling our of the ahins; the shipping communities Allics, neutrals, and others would have been only too glad to bay them"
Lord Inchcape pointed out that while
one can
and
sub
re
av
&
مجھو
Our storage
ww
Bonds have been formed between all of oil companies deserve to be particularly us during the course of this victory which thanked, not only for the concerted aê-
war.
And if petroleum has been the life- blood of the war, it will be still more sistance which they brought to the civil should not be broken at the end of the and military chiefs of the Entente,, but
commercial the life-blood nf Peace. I therefore raise the inter Allied policy of sacrifioca they
my glass to make in favour of a more solidary ad-
petroleum
realized by the agreement be of the
and of m world's tonnage
tween the Governments and the indus During this interval, the business, both world's production. The history of trier. And as the British Government has been and remains the first
also for the financial
rooiprocally agreed to
Since our last report on January 10th by str. Dilicaru, our yarn market has not undergone any Material change, except that a slight decline in the rates has been the heavy registered owing, of course,
American cotton. drop in spot and to arrive, has passed in about the
Heitlements which seemed more or less 1,000 bales, mostly in known chops of all time will remember with admiration always this inter-Allied policy, I rais
10s and 124, yarn at a reduction of $4 that by these sacrifices and by the agree
bale.
to bave closed down again.
The total sales during this interval Bargains in amount to 9,000 bales.
for the cause
to be
the
my glass to the British Government, and our Chairman, as well as to Mr. Walter particularly this evening to Lord Curzon, Long, the British Minister of the Victory of Petroleum. (Choers)
JUVENILE THIEF BIRCHED. The vicisitude undergone by a Chin- ose boy were revealed at the Magistracy
was brought yesterday, when the ind sp before Mr. Lindall on a charge of stealing a baby's cap
fair at the time, but in no case favour- able to the company, bad, been arrived
companies sup at for ships sunk by the enemy, they had The peculiar feature of the market isments, nobly placed at the common dis- suffered severely in the case of ships de- that, notwithstanding the above decline grent international oil on these stroyed in the early part of the war, No. 208 yarn has increased about 810 in plied to the Peace of to-morrow, during hafore values increased to the present price on account of no stock and less the war of yesterday, the first image of
dent Wilson. Honour day figures. For one ship, which cast probability of arrivals in the near future. the League of Nations outlined by Prusi closs on a quarter of a million, they re We close with a steady tendency.
The latest cable advice from Bombay Royal Dutch Shell, the Standard Oil, and to all their great sister-companies on land £88,076 for another, which dost dibly over n' quarter of a milioni sponks of regumption of the mill-hands
Messrs. Deterding, Belford, Cowdray and they rcopvered £40.171 and for a third strike there, and the mille are reported and on see; honour to their great chieft, Groenway, who will not be forgotten by little more than half her original cost.
our children among the best and the most The total amount recovered by the com
solid liberators of civilisation. pany for vessels destroyed would be far Chinese hands about 14,000 bales. abort of the cost of replacement unless Arrivals--The mail str. Dilwara and
The defendant stated that he had com nrices fell very materially. As things extra str. Hejaz have brought in 9,000 stood at present, when corning power was bales for Hongkong, and 4,000 bates for
mitted the crime under extenuating cir we awe in a special way to Mr. Dator cumstances. His parents wanted him"
Director (Managing considered. they were certainly two to Shanghai.
the to hawk goods, but he refused as the work Shanghai reported during the early ding
his did not appeal to hint. He was soundly three millions to the bad if the value of the ships lost was
Meantime cline of theis 3 pet bale, but, since the associates in the Keninklike Bataafsche, thrashed, and, at the firet opportunity
tho kup. ran way from home. He committed the their fleet opening of the market after the holidays, and to the Asiatic Petroleum for
1014, theft because he was beaten. they must gu on replenishing
to the defence of our country by even at the present high prices. Within a very brisk business has been done with port which they gave since
their disposal precious petrols the Inst
Tast few days, they had arranged for prices advancing all round.
Japanese yarn. For some time past the at our the construction of two large, well and passenger ships with Messrs Harland arrivals have been very small and the from Borneo nad Sumatra, which contain & Wolff and for three steamers for the domand being greator, prioce have kept of the tolucaes, the xylenes, the benzines up an upward course and with a rise of which were absolutely indispensable for while branch
line with Mossra. Cath 10 per bale. The following solos have the manufacture of our most powerf provisional arrangements to.
May I be permitted to state here solomaly, gentlemen, in the name of the French Government, how much gratitude
of
mount they had recond with the period a very meagro business at a de Asintio Petroleum Co.) and to
hat been made with other builders, and orders would be placed ng soun they ་་“ a position to proceed with mer- antile work
In conclusion, Lord Incbcapo sels that' If Grohe Britain was to recover commer- cially it must get rid of the execs profis Jute. There was, he declared, no greater endweight on chilerprise, initiative, and Industry than this tax.
been affected during the interval - 100 bales Nagasak! No, 20845/270
1500
34
3 Horses No. 30s, 2286 No. 2041 $205
Yellow JosuNd. 20 Botau
No. 10%
Octobning
explosives, and of our most
Kraaviation petrols, Mr. Dotarting is known and loved in France, not only as
the
"Twelve strokes and twenty-four hours detention was, the Magistrate's curt order.
BILLIARD CHAMPIONSHIP.
DEARNE DEFEATA- JÕULD.
R. W. Dearne played J. G. P. Foulds, who has endowed the nd last evening in the Open Billiards Cham- gent hospital of a otur. Pre-Catala
1/400/200 mirable
No. 209, 2078 Blue Fish No. 2207
Raw Cotton-Bengal: No Rock; quota tion, 345 to 854 por pioul Chinese: 400 small balds sold at 855 to 257 por loul,
and so many other good works in our depionship of the Colony, and won by the partients, devastated by German bar-wide margin of 14 points. The highest barism, but also, and especially, as one of break scored was 90. The Winder played the most powerful industrial collabora consistent gate. Scores sors in the defence of Verdun and of the. two vistarlos in Champagne.
R. W. Bourns, 400
J. G. P. Toulda ...........200