THE HONGKONG DAILY PRESS, MONDAY, FEBRUARY, 28TH, 1981.
DODWELL & COMPANY, LD.
STEAMSHIP BERVICES.
Regular Ballings to
NEW YORK &/OR BOSTON.
12
vis 8ies or Panama Canals at-Orgers' Option.
ailing about End of March.
8.8. "EGREM INT CANTLE " ·
H
LLOYD TRIESTINO
3
For BRINDISI VENICE & TRIESTE. Taking Cargo on through Bill of Lading for LEVANT, BLACK SEA & DANUBE
PORTS
IPTUME having been re-opened for trafic, cargo is also accepted for this port on through B/Lading
S.S.
miling on or about 8th March,
HUNGARIA"
8.5. TRIESTE "
For SHANGHAI
miling on or about 15th March.
Prasangers' Luggage can be, iseured at the Office of the Agonte.
NANYO YUSEN KAISHA, Ltd.
(BOUTH BRA MAIL. 3.5. COL.)
Boralar Services between
JAPAN, HONGKONG & JAVA.
Fon" JAVA,
8.8. “SAMARANG MARU'. ... salling on or about 12th-March.
£19.
"BORNEO MARU”
Ballingere about 24th March.
For JAPAN
BE "RIOJUN MARU”
OCEAN
sailing bu or about 6th March.
TRANSPORT
KAISHA) (TALYO KAÏUN Steamship Berrios Frans-Facito.
Algo to Australia, Furuge, the
Co., Ltd.
NATAL LINE OF STEAMERS.
TAKING Cargo or through Bills of "Leding for SOUTH AFRICAN PORTS"
With transhipmen si UALQU
In oodattica with abe
INDO CHINA EITAM NAVIGATION CO., LTD.
AND APGAR LINES.
For Freight or Passage on any of the above lines apply to:-
DODWELL
CO., LTD.
N. Y. K.
NIPPON YUSEN KAISHA
SAILINGS FROM BONGKONG SUBJECI. TO ALTERATION.
SEATTLE & VICTORIA or VANCOUVER via Manila, Shanghai
& Japan ports
Cargo to Overland Points US, in connectdan with Great Northern Northern Facile - and Uhicago, Milwaukes & St. Paul Ballways FUSHIMI MARU (omitting Manila)...
TOYAMA MARU...
J
KASHIMA MARU (omitting Manila)
SUWA MARU
4
Wednesday, 9th Mar. at 11 age Friday, 11th Mar, at li a.m. ... Wednesday, 20th Apr, at 11 am. Friday, 6th May, sa 11 ..
STOCK EXCHANGE VALUES "IN 1920,
YEAR'S DEPRECIATION 315
MILLIONS.
The extensive nature of the net decline which has occurred in Stock Exchange values during 1920 is revealed in the Bankers' Hagazine calculations. These show that in 387 representative securities selected there was a decline of 315 millions. The following table sets out the monthly course of the valuation:→→
End of December, 1019.
January, 1920 ..
February, 1920
March, 1920
$2,634,484,000 2,670,038,000 2,034,204,000 2,580,091,000
April, 1020....
11
May, 1920
2,433,033,000 2,433,227,000
June, 1080
July, 1920
August, 1920
4,373,771,000 9,305,246,000 2,388,8-45,000
September, 1920
2,420,349,000
2,439,417,000
9,405,014,000
£318,777,000
October, 1920
November, 1920
December, 1990
It will be noticed that the January valuation constituted a high-water mark. and that after a check to the fall had taken place in the autumn the downward movement was resumed at an accelerated pace in the last two months of the year.
The losses have not only extended to almost every department, but have been pretty evenly spread, the only, depart ments showing a rise for the year being. that for American securities, which. in. spite of the depression during the past month, still retain some of the improve ment established in Wall-street' earlier in the year.
LOWEST RÉCORDED VALUATION.
An interesting comparison is supplied of the valuation of stocks selected on various dates during the past 13 years. The dates chosen are those on which the valuation was first compiled in January, 1907, the last date of valuation prior to the outbreak of war, the date on which the lowest point was reached during the war, the date of the Brat valuation after the Armistice, and the last valuation made. The comparison is as follows:-(
*January 20th, 1007
July 20th, 1914
April, 20th, 1018
November 20th, 1918
December 15th, 1010 .......
£3,813,000,000
3,371,000,000
2,579,000,000
2,822,000,000
2,634,754,000
December 20th, 1920......... 2,318,777.000
Date when the valuation was com menced.
The highest point touched by the values during the whole of the period between January, 1907, and the present date was the commencing point. Between that level and the present valuation, which is the lowest of the 19 years, there has been a fall in this group of securities of no less than £1,523,000.000.
CROWN COLONIES AND MANDATED TERRITORIES› The Home Press has been discussing possibilities at the Colonial Office, in view of Lord Milner's retirement, and it would. scom certain that important changes will be made in the Department. In the Times, the Hon. William Ormsby Gore, formerly Parliamentary Secretary transfer of the Dominions Department from the Colonial Office, and says:-
to
LONDON & ANTWERP is Singapore, Penang, Colombo, Bues Viscount Milner, refers to the suggested
Port Said and Marselles.
KLEIBT
MISHIMA MARU
BADO MART
KITANO MARU...
"
Friday
Friday,
Friday,
Friday,
HAMBURG, AMSTERDAM, LONDON &
The
Thursday,
LIVERPOOL & MARSEILLES Tia Bues,
MITO MARU
TAMBA MABU
11th Mar. at 11 am 18th Mar. at 11. s.o. 1st Apr. at 11. 15th Apr., at 11 am. BOTTERDAM. 34th March.
Saturday, 19th March
Shorn of his functions in connection with communications to and from the self-governing Dominions, the Colonial Secretary should become the Minister responsible to the British Parliament for. all those areas where the people of the United Kingdom are ultimately respons ible-ie. Crown Colonies, Dependencies, Protectorates The Allied and Associated. Powers have thrown upon the United Kingdom responsibility, subject to the
MELBOURNE & BYDNHY vis–Manila, Zamboanga, Thursdays of Article 22 of the Coverant
Island, Townsville & Brisbane.
TANGO HARU
NIKKO MARU
AKI MARU
NEW YORK via Suez.
AKITA MARU
18th Mar., at 11 am. 19th Apr., a 11 LI 17th May, atll1 a.m.
Friday,
Tuesday, Tumlay
Tuesday,
12nd March.
SOUTH AMERICAN PORTS vis CAPE,
KANAGAWA MABU (miling from Singapore) Friday, 4th March.
BOMBAY & COLOMBO vía Bingapore.
BOMBAY MARU
Thursday,
17th
March
JALOUTTA & BANGOON via Singapore & Penang,
Sunday, TOYOOKA MARU.
6th March. JAPAN PORTS-Nagauski, Koke & Yokohama.
NIKKO MARU ·
Wednesday, 16th Mar. at 11 A.
SHANGHAI, KOBH & YOKOHAMA.
MUBOBAN MARU
-KIPANO-MARU --
WAKASA MABU
„HEWIN MAKU
Tuesday, 1st March." Thursday, 3rd Mar,-at-11-a-m- Tuesday, 8th March. Tumday,
18th March...
For Further informatium apply to-m ·NIPPON YUSEN.
Telephone No. KPK & 253.
of the League of Nations, for the protec tion, administration, and development into independent sclf-governing States of three countries-viz., Palestine, Meso- potamia, and Tanganyika Territory.
Under the decision of the Council of the League of Nations on November 20th, 1920, at Geneva, we are bound in respect of these three territories to submit an annual report. in reference to cach terri- tory committed to our charge by the Permanent Mandates Commission of the League through duly authorized repre- sentatives, who would be prepared to offer any supplementary explanations or information which the Commission may request; and the Commission shall fox- ward the report of mandatory Powers to the Council. And it shall annex to each report its own obeervations, as well as the cheervations of the duly authorized representative of the Power which jasned the report if the representative so desire." This points to the urgent necessity of Mandated our Colonial Office forming a Territories Department and of taking over responsibility for the three Lanndated territories for which we have become KAISHA.responsible under international obliga tion. Such a step would avoid the neces sity for creating a new, Ministry for the Middle East to which you take such exception in your leading article; and would at the same time enable economies to be made in staff and in the heavy. expenditure due to the present over- lapping between Departments, and an absence of definite personal responsibility which has been the principal feature of our conduct in the Middle East since the Armistice. At present Mesopotamia, the Persian Gulf and Central Arabia are under the India Ofice. Palestine. Egypt, and the Sudas are under the Foreign Office, Aden is under beth, Cyprus, Zanzibar, Kenya Colony, Tanganyika Territory, and the sources of the Nile are under the Colonial Office. Surely the time has come when all these Protec- torates, Mandated Territories, and Crown Colonies in the Middle East, which are
8, YASUDA, Mabáger.
LOS ANGELES PACIFIC NAVIGATION COMPANY
TRANS-PACIFIC FREIGHT SERVICE Operating like Wollowing 18. Bhipping Board steamers,
HONGKUNG TO
LOS JANGELES, CALIFORNIA, USA;
Dus to "AzarYS
DUN TO HALL “
3rd April
6.8. WEST. HIKA Ind April Through Elle of Lading to all U.B. and Canadian Orocland Points no Transhipment en-route Bhipside commentick with the Hallake, Banin Taand Röviden Paoblakaros de: Head Clos: Los Anzilor, Calf* Braneh 0460)-Kober banghai,
[Miela; Bingapore,
Hongkong Office: Princo Balang, Chaser Ed
Tel. No. 100% CIHLAB IL RICHARDSON
General Agreat for Howth Chirin
Makes Perfect Fyes
LAVOLHO
·LAVOLNO MakuuhdentifiĚ KVINNO 20- Euro B'Dachsen toder and gel after those wal, Ted 1700, and swollen lida and the m This LAVCLHO Will stand the test, Tom WITE bine the day you van 16/Just-Wash your wrm with thất murvaline new dias, ennery to make them strong and beentials-
- Watch the action of fad▼OLE10 m beda more this, or try it fr wush, discharging WTON, URI) QUÁ SYES, OF SWEDery itektinnova – Bodis day you will as beprotestet.
CMIM, ADRrs, anterions duid with a Vrtoond of bendrade of queue behind in th MAS DE MÁY roommended for all Beina die damma TTY DAVOLBO BALY DR mckling, tired, ayon
D. E. D. Computy, 36 Kiongso
INDO-CHINA
STEAM NAVIGATION COMPANY LIMITED
SAILIKUS SUBJECT TO ALTERATION
BHANGHAI via Swarow u HAVE ION TO EUTEO BANGKOK via SWATOW STRAFES & CALGUSTA. SHANGHAI via SWATOW MANILA TIENTSIN KOBE
T
4
CHOYSANGʻ Wed Sad Mir, D'ligns *TAKBANG Wod,ad Mar. 9am *DUUNSANE Thor Set Mar, Dlight
KIAIS ANG *****
„Thürk, and Mac. 1 pin WAISHING" Felah Me, Dligat LOONGSANG" Fri, 4th Mar. 14 CHIPSELING.34%).
D'light
*LAISANG“ „... Tues. 8th Ahun,”D'iigaa
CALOUTTA LINE)-This Line afords regular mlilngs to Calcutta, Penang and
Singapore; returning from Calcutta beamers: proceed, vin 6 and Kangkong to Japán, dccaudonally mailing að Bhang bakove All stemmers - hats, estallona, pomsenger, scoquumoria al Etted with Electric Eight and Fana; and carry a fulJ-GET Surgeon
SHANURAI LINE.—E Hinge
194
MANDLA
ROSE'S
LIME JUICE
Prepared solely from pure Lime Juice and the finest refined sugar. THE STANDARD FOR PURITY AND EXCELLENCE. Insist on having ROSE'S.
Glover's World Renowned
Dog Remedies
Send for free book on "Dog Diseases and How to Feed.” H. Clay Glover Co., Inc. 118 West 31st Streek
U.S.A. «New York,^^. S
posium 1919.
ON SALE
the MEETING
104
approximately every Ere days between. Dani Shanghal, sometimes calling at Bestow. Through tlakuðu can bë ontained and through 201 of Lading are lesso -Northern and Yanghaar Forts via Shanghai,
LATE A Woodly service is maintained with this by vessels with good
passenger accommodi dom, muilings from boil ports every Friday, HAIPHONG LIVE --Balinge approximately weekly me paisungere and bargo, calling at Hollow when inducement offers.
BORNEO LINE ---Ons Malling per month between. Hongkong and Bandakan by
a steamer having up-to-date accommod den for passengers, ekk Cargo tatan on through Bill of Lading for Kandas, Janvaltand Labuan, Tawao and Lahad Datu TIENTSIN LINE-A regular service talyan from March to November benweben
Hongkong and Mentida, talling in Welhalwei und Obstdo.
the
so intimately inter-related, politically HONGK
[ONGKONG" HANBARD REPORTS and economically, ahould come under the LEGISLATIVE COUNCILS for the supervision of one Department and one responsible Minister. Such a transfer gould be effected by substantial reductions in the existing staff of the many Depart ment that now have a finger in the Middle Eastern pio"
Revised by the Mercborat
PRICH
DAILY PRINT OFFICE.
CALOUTTA
B.5.
LINE
KUMSANG” will be despatched on
or about
Thursday, Mar. 3rd, 3 p.m., for SINGAPORE, PENANG and CALCUTTA,
Through Bills of Lading issued to RANGOON, MADRAS, and DUTCH EAST INDIES.
For Fright or Passage apply
Jardine. Matheson & Co., Ltd.,
GLEN
GENERAL MANAGKES
AND
SHIRE
Joint Service of Steamers.
|U.K.—STRAITS, CHINA & JAPAN SERVICE
Vessel.
"CARNARVONSHIRE' PEMBROKESHIRE"
H/V. "GLENTARA
88. “GLENARIFFE”
OUTWARDS.
HOMEWARDEA Lava Holging.
about 27th Feb.
11th May.
Due Hongkong
10th Mar. 95th. Mar.
Discharga
Ganda, London à BonannaM.
Do
forkher parketlari plesso apply to
Jardime, Matheson & Co, Ltd., The Glen Line, Ltd, sare.
TL-Wà #1125 5 2 23 24 1818.
16
Cable Addres
Kawairinen, Kobe
Bentley's A.B.O., Bth Ed. ·
and Boutt's Codes,
KAWASAKI
KISEN
Telephone 1. Bimmonly 2844, 8933,
(KAWASAKI STEAMSHIP CO.)
CAPITAL PAID-UP
President: Mt. T. Kawasaki.
KAISHA
¥20,000.000
Vice-President: Mi, K-MinoKAZA. Managing Director: Mr. Mankia Axi
The Company has on hand a Large Number of ̈
NEW CARGO STEAMERS
ALWAYS READY "TOE
CHARTERS of all descriptions.
-The following are comprised in the Company's #jeet ***
Eleven steamers of 9,100 tons each deadweigh
And under the Company's 'muungstieni jiem -
Twenty steamare of about 9,100 tons deadweight esok, Two stesinors of about 8,400 tons désdweight eich. (Belonging to the Kawasaki Dockyard Go, XAL)
For Charter Balms and all other particulars apply to the
87).
KAWASAKI KISEN KAISHA
No 2 Bun, Koze,