Page
THE HONGKONG DAILY PRESS, FRIDAY, MAY 18x8. 1991
THORNYCROFT
JOHN L. THORNYOROFT & CO., LIMITED, „ÕHIPBUILDEKS `AND ENGINEERS, LONDON, SOUTHAMPTON and BASINGSTORY,
Shanghai Ofice: 10, Kiukiang Road.
15 B.H.P. 30 B.H.P. 50 B.H.P. Engines
86
in Stock
For quotation apply-
Aertex
You'll
SHANGHAI OFFICE.
Cellular
Underwear:
like the feel of
Qur
soft
Summer Underwear
*
and the comfort ensured by the full easy-fitting cut of the garments
New Stocks Just Received.
Also a nice range of colours in light-weight 51lk and Wool & Hose.
MACKINTOSH
& CO, LTD
Men's Wear Specialists,
16, DES VEUX ROAD. 2.
Telephone 29.
HONGKONG HOTEL
LIMITED.
OPERATING;
HONGKONG HOTEL GARAGE
RUSSELL STREET GARAGE-
REPULSE BAY GARAGE
Telephone No. 32. Telephone No. 659. Telephone No. 881.
SOLE AGENTS FOR HONGKONG AND SOUTH CHINA.
FOR
ROLLS ROYCR:
STUDEBAKER CORPORATION
"WHITE COMPANY
UNITED STATES RUBBER CO.
Cams. Cars.
Coin mercial Trucks. Tyres & Rubber Goods, Motor Car Mascots.
1846
A E LE JEUNE
HEAD OFFICE AND SHOW ROOM IN PEDDER STREET.
WHITEAWAY'S
HALF-PRICE
OILES
OF
TOBRALOOS
PIQUES
SALE
GINGHAMS
Commencing on
MUSLINS
TUESDAY, MAY 17th
FOR
5 DAYS ONLY
GOODS
NO PATTERNS. The above goods will be sold for cash at time of purchasement, £4,000 worth of Summer Dress Material will be offered at HALF-PRICE. These will in many cases be at considerably less than makers* cost.
- Seize the OPPORTUNITY.
WHITEAWAY, LAIDLAW & CO., LTD.,
HONGKONG.
YOKOHAMA · SPECIE BANK
LIMITED.
SHOCKING FATALITY AT SINGAPORE.
OLD LADY KILLED IN THE STREET.
A terrible road fatality, the like of
DEATH OF MR. W. 8. JACKSON OF SHANGHAL It was with the very greatest regret that Shanghai learnt on Saturday, May th. of the death of one of its lending business men and certainly one of its most popular residents-Mr. William San
hama Specie, Bank. Ltd., held at the continued at a low level, the average rate to record for a long time, the Straits } forl Jackson, the general manager of the
period mentioned. '
Great Britala, despite the dioulties. created by strikes and other troubles, showed. considerable improvement in, ber PRESIDENT'S REVIEW OF TRADE foreign trade; exports amounting to £795,000,000 and imports to £000,000,000, CONDITIONS.
an increase of £319,000,000 and a decrease At the eighty-second urdinary general with the like period of the year preced
£1,000,000 respectively, as compared meeting of the shareholders of the Yoku ing Nevertheless, the sterling exchange which it has happily not boon necessary as compared with US dollars being Times says, occurred on the evening of Head Office. Yokohama, Mr. Nakaji Kaji- | 23.04) to the pound. wara. President. in moving the adoption; Frames had a conspicuously favourable May 3rd in North Bridge Road, opposite Tangisze Insurance Association. Ltd. of the report briefly reviewed the reward of foreign trade as compared with St. Andrew's Cathedral. It resulted in Mrs. Jackson died on New Year's Day general aspect of economic affairs at year, exports showing a considerable in
the corresponding period of the preceding the death of an old lady, Mrs. Boyd, and shortly after that Mr. Jacksoil made hanie, unit abrund, and gave a rough recrease and imports-especially foodstuffs wife of Mr. Boyd, who is the caretaker arrangements for a holiday at Home. sume of the Bank's operations during the decided decrease Exchange was of Burlington House, Coleman Street. His plans were interfereil with by an
however, very adverse, the" rate in December reaching Fes. 00.145
about 7.30, it seems that at a spot attack of appendicitis in the last week and KODNOMIC AFFAIRS AT HOME
Fr, 17.1 for the pound sterling and directly opposite the block of flats of April, for which he was operated on-
cently erected for a Chinese owner, Mrs. Dr. Fearn's Nursing House. The ope The ball-year under review, he said.
U.§ dollar" respectively. exhibited in all departments of our the mark as the result of the enormous done so in front of a tranfear which was Faily News says and no complications. Germany, owing to the depreciation of fats side to the Cathedral site. She bad ration appeared successful, the 3.5. Boyd essayed to cross the road from the economic life the most severe depression ue of paper currency and other causes, approaching from the direction of Stam were anticipated. Most unfortunately, and distress, the inevitable resuls of the violent reaction of the previous half-year. but the Government interfered to prevent approaching in the narrow road track, rapidly becante so ill that the worst war
was in favourable position to export. ford Road, but n motor-ints
was aisa gangrene supcrvened and Mr. Jackson Considered statistically, the total of ex-gois going abroad too cheaply and ex-from the same direction, and Mrs Boyd feared. Then, last week, he rallied and ports and imports was Y1.397,000,000 as port permits were only granted for mer apparently stopped to avoid the bus, his medical attendants announced that, against Y.,195,000,000 for the same periodchandise officially priced. Consequently, which is stated to have been practically if he could maintain his ther condition the previous year, a quite parable de hisias was very restricted. crease of Y.868,000,000. Capital mised! fur various enterprises only aggregat unemployment was created us the result of the tram-car. She was run over, and not realized, for Mr. Jackson's condition. In the United States, a great deal of stepped or slipped just beneath the corner chance of recovery.. Again hopes were running alongside the team, and either for 24 hours, he would have a good eri 1.5:10,000,000 in Y.2,900.000,000 for the corresponding to bring down prices, bit, nevertheless, of the occurrence was the fact that the on Saturday, just as another memorable
contrast with of the curtailment of credit in the effort killed, instantly. A distressing feature became worse and he died at 4.15 p. Donths of the preceding year, while exports increased those fur December and about two hours elapsed before the chapter of the sport he loved best was clearings through the Banks also showed being 338,000,000 in excess of the same Tramway Coafuny's staff with the assist conceding anal one in which he had a
body was tightly wedged beneath the ar " markel decrease, Y.44,700.000.000 to 1.29,300,000,000 as accounted for by the heavy demand from jack up the heavy vehicle sufficiently high
falling from month of the preceding year. This is ance of police and others were able to particular personal interest. pared with the like, period of the year Europe for raw materials and other com to allow the remains to be withdrawn, the Stewards in call a halt out of respect before. Under such adverse economielities as the result of the wär.
The day's racing had done to far for conditions, those concerns which had un-
The horribly mutilated body was removed for their popular former scrupulously expanded their business!
India, as a consequence of her previous to the mortuary, in the Municipal which they certainly would have done had Chairinaa, when the wave of prosperity was ut is prosperity, proved a tempting dumping balance which had been previously called it been possible and hail he nor request beigat were at once dealt smashing blows over-manufactured, with the result that rested and is detained pending investiga of the news at the Race Course caused
ground for other countries which bad up. The driver of the tram-car was are them to when the depression set in, and were
earry on." but the receipt forced to either close or contract their 100.000 000 monthly for a time. This,
imports exceeded exporta by Rs. tions business, some failures ever occurring together with the sharp fall in silver and considerable time in a condition of chaos terest out of the racing.
a deep gloom to settle over the throng This section of road has been for 'a among firing of quite respectable stand the comparatively pour monsoon, exer- due to the tramway track being relaid and
in the paddocks and took all the in ing, Great easiness, however, prevailed sed a weakening tendency on the extraffic passing over or art of rails. The on the money market, absence of new requirements owing to in December, while that on Japan touch may be revealed at the Coroner's enquiry, as with the change, that on London reaching 1/4 tran cause of this distressing occurrence the general business depression, and with the record figure of Rs. 12 in the hut whatever the decision. it will serve the Banks maintaining their effective control of credit, the trend was towards
same math,
In Chinn, the long-standing conflict met with especially on this rond, where to cuphasize the great perils now to le a gradual growth of unemployed funds between the Northern and Southern strings of motor-buses are daily being whose outlet was confined to investiment actions seems to be becoming more risen in creditable short term securities, severe as the years go by, and there is no it is open to question whether vehicles in a highly dangerous manner. Taking advantage of the opportunity, sign of a peaceful settlement in the near of this type should be allowed to run public loans and debentures were success future. Peking saw fighting between the all over section of rond narrowed as fully placed on the market, including Anhui and Chili parties, and this was exchequer bonda
this one is by repair operations. to the extent of followed by the disturbances in a few Y.202 000,000, of which Y.142,000,000 was cities amg the River Yangtze, while n
sent ennditions are scandalous. for the purpose of replacing maturing most severe famine took place in the pro- earlier issues. To sum up, our economic vinces of Chili, Shantung, Hoan and world has been passing through difficult parts of Northern Chiun. times of adjustment and reconstruction traders had to contend with a great In addition, without the dawn of renewed prosperity slump in silver. In Shanghai, cotton in sight, but on the other hand, the piece goods, gold and silver bullion, monetary position has been greatly machines, earthenware and porcelain strengthened with the gruwing accumula were imported in the first two months tion of gold held by our country at home to a larger extent than in the like On Friday last the Tientsin club was actually Mr. Jackson's idea, and abroad (the total of which at the period of the year preceding, imports of argotiations suddenly became acrimont he had most to do with its organiza year-end bad reached the unprecerented Japanese cotton figure of Y.12,180,000,000) and so the term especially noticeable, this notwithstand projected expeditions against Dr, Sun care that it should be maintained in a pieces goods being jous. Interest had been centring on the fished, he never forgot it and took good tion and, once it was definitely estab closed uneventfully despite the prospec ur the prevailing market conditions. Yat-sen and against Urga and the prin manner well worthy of the Service it was tive business depression.
Aer September, however, the exchange ciple was adopted that Tsao Kun should designed to benefit, What the ailors.
FOREIGN TRADE.
Raw silk.decreased by Y.300,000,000 Silk goods......decreased by Beans...decreased by Waste silk and Goss-silk
decreased by
while
Cotton yarn...ucreased by Cotton goods...increased by Of the Imports,
Cotton.decreased by Bean cake....decreased by Sulphuric-Ammonių
The pro
TIENTSIN CONFERENCE. ACRIMONIOUS DISCUSSIONS AND
COMPROMISE..
A Peking message dated May 1st,
Then
Meanwhile, what is true to-day may probability is the compromise which by untrue to-morrow and the only real averted the disruption of the conference on Thurstiny...
unpleasant fact made the foreign dealers
successful Mr. Jackson had hea
A MAN OF MANY FRIENDS. deed-will not need to be told how Residents of Shanghai-of all Chiu,
the great and prosperous firm over which mau of business. It was his ability, and he presided. Rather was he known to all shrewdness almost alone, that hail up...
who looked for friends and did not make as one of the kindest-hearted of men, ona enemies. Charity great of small found an earnest advocate in Mr.. Jackson at say time and no ano cith record his in- numerable individual acts of thoughtful.
rss and generosity.
Beyond military age limit, Mr. Fuck son could not go Home to serve during Shanghai as a leader in war charities. the war, but he took a leading part in The men of the Yangtze patrol know well to whom they are mainly indebted for We could not way for certain whether the the comforts of the Union Jack Club,
X
Ho
bis own firm. Mr. Jackson still found Great as were bis responsibilities with time to assist other concerns and he was highly valued associate and advisor on the boards of many a public company. the China Luiort and Export Lumber instance, whilst he was a member of com- Co., and severa rubber companies, for
merce and had aided the Settlement as mittee of the British Chamber of Com- Land Commissioner. Clubs, too, course, sought his help in their manage. ment and, besides the Race Club chair- manship, he had also at various timea Country Club and others." presided
over the Shanghal Club, the
of
The effect of the world-wide business impathy with the sharp fall in silver the latter, but the question of finance they presented Mr. Jackson, for the Race rute became daily more unfavourable in arrange the former and Chang Tao-lin thought was amply proven recently when depression was well reflected in the re- und heavy losses were sustained by im-appeared insurmountable. turn of our foreign trade for the term porters, either through exchange settle: Minister of Finance, Chow Tsu-chi. botir exports and imports exhibiting anents or the depreciation in the value of definitely announced his intention of
the Chib, with magnificent clock. enormous diminetion. Specifically, the merchandise. The condition of exchange retiring forthwith, whereupon the Pre came from London in 1882, in the employ
A 'SUCCESSFUL BUSINESS MAN." exports amounted to Y.800,000,000 and created by the fall in silver was very mier put forward Tsao Jui, the Civil of Messrs Russell & Co., at that time
Mr, Jackson was 6 years of age. the imports to Y.718,000,000; making a favourable for export business, but, Governor of Chilli, 19 succeed Chow secretaries and managers of the Yangtze total of Y.1,427.000.000 These figures pre-owing to the general business depression, Tzu-chi, but Chang Tsu-lin and Wang Insurance Association Ten years later, sent an unpleasant contrast with the cor-the demand from abroad was not forth Chan-yuae raised objections. The dis the firm went into liquidation and Mr. responding period of the year preceding,coming except, for small quantities of cussions then became heated, Chang Tso-Jackson then became secretary to the the decrease in exports being to the manures and cereals for Japan. Another in and the Premier both talking of leav. Association. His strenuous and success value of Y481,000,000 and in imports, element which caused merchants consider Y405,000,000, or a decrease of Y860,000,000 able trouble was the fact that they had ing the conference. in all.
: ful work in building up the firm to what The following will serve
to hold heavy stocks of the chief exports, to show such as cocouns and raw silk, only small afternoon but the atmosphere is still be held at the time of his death, though Calmer counsels prevailed yesterday motion to general manager which office It now is was rowarded in 1916 with proy roughly the alteration in the movements quantities of which they were able to electric. It appears that while the ques it was understood that, after the holiday of the principal.commodities during the dispose of to Europe and America, pro tion of disbandment was discussed on the the proposed making at Home for the pur. term as compared with the like period of fiting by the confusion ba the silk market one hand, expeditions calling for large pose of seeing his son, Williams Athol, the previous year
in Yokohama. Under these conditious, funds which are not available were con- who is at school in England, he intended. Of the Export,
money was not at all in demand, and templated on the other. The appoint to retire. this. together with the importation ofment of a new Minister of Finance will $3,000,000 silver bullion to the extent of $3,000,00o not alter the financial position and it 15,000,000 monthly, gave the foreign banks ample remains to be seen whether the present fands. On the other hand, however, ruling group will abandon its financially 14,000,000 awing, to the severe distress among impossible, schemes, or wind up the con-
Chinese frms, the native Banking houses ference: 27,000,000 suffered from a shortage of cash, and
7,000,000 some of them unfortunately failed.
Business in the other trading centra 173,000,000 of China, viz., Hankow, Tsingtau. Tainan, 30,700,000 Peking and Tientsin, also responded to the general conditions prevailing, and decreased by 22,000,000 both exports and imports may be describ Iron and steel decreased by 21,000,000 ed as dull, with the exception of the Sugar.decreased by
16,000,000 export trade in eggs and sheep-skins, ..decreased by
710,000 which was pretty brisk. while
As regards Manchuria, the market Machines...increased by 19,000,000 showed a lack of liveliness on the whole Woollen goods
The delayed movements of beans and increased by 12,000,000 cereals from the interior through the
THE WEATHER AT SEA. The poor return of one foreign trade indisposition of the farmers to market was caused chiefly by the financial em their produce in face of the sharp fall
Communication Company have issued the The Marconi International Maritime barrassment in business circles and the in silver, the depression in the Japanese
following circular to their operators and consequent fall in commodity prices, but market, the cessation of demand from the also by the existence of similar unfavour, Weat and the close of oil distilleries,
shipmasters are earnestly requested to able conditions in the countries consum were the chief elements which brought heavy fall in general prices, the depres ships trading to the Fur East will note To summarise the whole position, the co-operate: Operators employed on board ing Japanese goods, such as the United about the inactivity of the market. The sion in business circles and the financial that arrangements have been made, to States of America and China, trade with experts by Chinese firms of beans to uncertainty the whole world over have transmit from the Cape d'Aguilar (Houg the latter-named country being parti- the Southern provinces gave a touch of exercised their natural effect upon our kong) Radiotelegraph Station to ships at cularly-hampered by the continued fall in brightness to the tone, but the term foreign trade, which underwent a not- Silver.
closed with a weak tendency, Bean cakeable decrease, with the inevitable result tions and weather forecasts. In return sena summary" of "meteorological condi As a consequence of the lessened and bean oil had a dull market through that some of our clients were among the ships will forward meteorological ob volume of our foreign trade already re-
out the term. Wheat, the first shipment traders who suffered. Nevertheless, I am nervations through the Cape d'Aguilar ferred to, the Bank's operations in ex of which was made last Spring to the happy to be able to state that by the Station to the Royal Observatory, Hong- change business showed a considerable West, was in continually active demand prudent conduct of our experienced kong and proportionate decrease during the from the quarter, but the expart thereof managers and staffs the Bank has obtain term. Exchange sold and bought in Japan and of six other commodities was up. ed a substantially good result, und ample on abroad amounted, respectively, to expectedly prohibited by the Chinese funds have been added to our reserves. Y.102,000,000 and Y.425,000,000, the form. Government on November 20th for the In conclusion, I have to report that
REALLY GOOD SPECTACLES er showing a contraction of Y.76,000,000 purpose of relieving the great famine, the whole of the Bank's capital is now and the latter of Y.135,000,000 in som. As Wheat is not a daily necessary food paid up,
Bro such a comfort to fired or strained eres that parison with the same period last year. For the Chinese, upposition from the On the other hand, exchange sold and general public was so strong that this
THE BANE'S REPORTE
their value cannot be overestimated: If your bought on Japan by our offices abroad embargo was later on partially removed. The gross profits of the Bank for the eyes need glaszen, they should have the best yon mounted respectively to Y.120,000,000, The recent distressing situation of silver por half-year ended December 21st, and Y.250,000,000, recording, as compared affected general business circles in Man. 1920, including YA.444,848 brought for
can get." That"-means (1)" carcial and expert with the corresponding period a year churia, hitting the import trado parti-ward from last account amounted to cremation (2)-precision in the making: (3) Rgo, decrease of Y 201,000,000 in the cultely burd and no fresh enquiries 1.138,839,140 from which the sum of former and of Y,214,000,000 in the latter, whatsoever were received for cotton Y.125,301, 174 was deducted interests tinent to a nicety; (4) the best of materials, In short, the result was a total decrease piece goods and sundry other goods. A taxes, current expenses, reduto on bills All the above, the Hongkong Optical Co., large quantity of gunny bags was imported current bad and doubtful debts, bonus
Rice
force transactions to a cash basis, instead of continuing the time-bargain method hitherto prastised. Siberia continued to be uncertain and Political affairs in aprestful, and together with the difficul ties connected with transportation on the Chinese Fastern Railway, made an im possibility of trade with Siberia both at Harbin and Vladivostock.
of T.697,000,000 in the Bank' exchange expectation of a brisk export of wheat, for officers and clerks, etc., leaving a Successor to Clark & Co., Manufacturing:
transactions.
ECONOMIC CONDITIONS ASHGAD
Europe continued to suffer from diminished, power of production and in flated currencies, and with international Finance in an increasingly chaotic con dition the complete recovery of industry and commerce still appears exceedingly
remote:
DÚt the falling price of that cereal in balance of Y.13,537,074 for appropriation. Reftacting opticians, the most competent optical India, coupled with the delayed moveThe Directors proposed that Y3,000,000 monts of staple products from the in be added to the reserve fund, and recomestablishment in South Cinna, located in terior, grently humpared the satisfactory mended a defilead at the rate of twelve transactions anticipated The failure of per cent
Queen's Road Central, offer you annum, absorbing-
latina at Newchang was followed by X2,865,000. The balanon, Y-4,012,374 warsight and fitting glasses in their similar results in other cities, and this carried forward to the credit af next.
(Continued at foot of next column) account