NEW ADVERTISEMENTS
THE ADMIRAL LINE.
A cordial invitation is extended the public to visit and inspect the NEW TRANS PACIFIC LINER operated by the Admiral Line for the United States Shipping Board, the BS. WENATCHEE
The vessel will be open for inspection un MONDAY AFTERNOON, between the hours of there and six, and for the convenience of the Pu-Be Launches will leave Blake Pier at short intervals,
H. T. KRULL.
Ageuts
[930
"BEN". LINE OF STEAMERS. NOTICE TO CONSIGNEES. FROM ANTWERP, MIDDLESBRO, LONDON AND STRAITS The Steamship "BENDORAN *
ONSIGNEES of Cargoare hereby informed that all Goods are being landed at their actions and/or extra bazar- odowns of the Hongkong and Kowloon Wharf and Godown Co, Ltd, whence andles from the wharves delivery may be obtained.
No claims will be admitted after the Gooda have left the Godowns, and all Goods remmin. Ing undelivered, after the 20th May, will be subject to rest.
All Claims against the Steamer must be presented to the Undersigned on or before the
97th May, or they will not be recognised. All broken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on the 20th May, at 10 AM.
No Fire Insurance has been affected. Bill of Lading will be countersigned by
GIBB, LIVINGSTON & Co., Lt
Agenti.
Hongkong, May 13th, 1991,
NOTICE TO CONSIGNEES.
1940
The Steamship "BOWES CABTLE"
From NEW YORK
INTIMATIONS
GILLARD'S.
THE HONGKUNG DAILY PRESS, MONDAY, MAY 16TH, 1991.
N Advertisement of interest to y
appears on page 2
[934
ROYAL HONGKONG YACHT CLUB
PREPAID
WANTED "
ADVERTISEMENTS.
Letters are lying as this Oflas far ☎Ƒ ̃Bozen P, Q., AD, AP., AW., HF., BG., ;
BỀ, BV., KX LM, LR, LT, 50,
NO LET-FURNISHED HOUSE Ät the Peak Tot 3 months from Jane 15th. Apply Box L, c/o Daily Press Office.
60
10 LET:-LARGE FURNISHED. with Vandalis, Married couples, or Hachilors, Vacant Jona lat. Good board, modern aunitation. Telephone, easy to business centre. Apply Bor LV, e/o Daily Press Office,
BATHING SEASON, 1921. LIMITED LIST for BATHING ROOMS -MEMBERS is now open. Applications, for membership should be sent to the under Kigned
The Subscription which is $15 for the Season includes the applicant, his wife and family, Male members of the family, over 18 years of age are not included.
Visiting Residents introduced by Bathing.
pay a House per rinit.
H. S. ROUSE. Hon. See, Swimming Bection,
g/o P. W. Dept.
[931
EX-SERVICE ASSOCIATION..
67
montlin FURNISHED HOUSE on the in archange for Furnished Flat on the middle level Reply Box LW, qjo Daily Press Office.
TO LET
www.com
T MEETING convened by H.F. THEN Siddle Road, Kowloon Puint
GENERAL OFFICE COMMANDING, Sir G, M. KIRKPATRICE, K.C.B., K.CSI, in the R. A. Theatre, Hongkong, at 5.30 .. A THURSDAY, April 21st, 1931, it was unanimously decided to forma an Es-Service Association in Hongkong and China under the title of:
"THE BRITISH LEGION",
HoxoxaNG & Cursa BRANCH,
which, it is hoped, all Bix-Service Men or Women, of whatever rank, will join.
A pamphlet setting out the objects of the Legion and forms of spplication for Member ship and Associate Membership may be had on Application to the
Hon. Secretary and Tren-arer, "BRITISH LEGION,"
14. Pedder Street,
Hongkong.
THE CANTON INSURANCE
LIMITED.
[893 OFFICE
NOTICE TO SHAREHOLDERS.
MEETING of SHAREHOLDERS wal be held at the Offices of the undersigned on THURSDAY, the 1978 MAY, 1921, at Noon.
ONSIGNEES of Cargo are herebyHE FORTIETH ORDINARY YEARLY
informed that all Goods are being landed at their risk into the Godowes of the Hongkong and Kowloon Wharf and Godown Company, Ltd. at Kowloon, whence and/or from the wharves delivery may be obtained.
Optional Cargo will be forwarded, unless to the contrary be given before 14th
notice
MKT
No claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 9th May, will be subject to rent.
All claims against the steamer must be presented to the Undersigned on or before the 30th May, or they will not be
All broken, chafed, and danseof red
Goods
The TRANSFER BOOKS and REGISTER of Members of the Company will be CLOSED from the 5th May to the 19th May, both days inclusive.
At this Meeting a Resolution will be pro. posed dealing with the remuneration to the Consulting Committee,
JARDINE, MATHESON & Co., LTD.
General Agenta. Hongkona. April 19th. 1991.
[875 THE HONGKONG ELECTRIC CO., LTD.
TOTICE IS HEREBY GIVEN that the
are to be left in the Godowns, where they THIRTY-SECOND ORDINARY will be examined on the 20th Mat 104 No Fire Insurance has been effected. Bills of Lading will be countersigned by
DODWELL & CO, LTD..
Agents.
Hongkong, May 11th,-1921.
941
NOTICE TO CONSIGNEES.
The SteamshipXIPPÓN " FROM TRIESTE, IN VENICE, BRINDISI and the STRAITS.
CONSIGNEES of Cargo are hereby informed that all Goods are being landed at their risk into the Godowns of the Hongkong and Kowloon Wharf and Godown Company, Ltd., at Kowloon, whence and/or from the wharves delivery may be obtained.
Optional Cargo will be forwarded unless notice to contrary be given before 14th May.
No claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 20th May, will be subject to reat.
the steamer ́All claims against
mer must be pre wonted to the Undersigned on or before the 30th May, or they will not be recognized
All broken, chafed, and damaged Goods are to be left in the Godowns where they will be examined on the 20th May, at 10
No Fire Insurance has been effected Bill of Lading will be countersigned by
DODWELL & ČO., LTD,
Agents"
(94% Hongkong, May 14th, 1921.
WANTED.
ANTED immediately, or in the Autumn WA
EUROPEAN GOVERNESS for girl of 11. Apply giving full particulars to,
Mr. R. A. MAY,
c/o Customs,
Chinking,
PUBLIC AUCTION.
(013
THE Undersigned have received instructions
to sell by Public Auction OD FRIDAY,
20th May, 1921, at 10.30 at Royal
Army Service Corps Pier. W. D. Vossel "HERCULES" Length":
Beam
85 feet." 17.
inches 10. B..
Core Falmouth 1.350 HP.
Depth Displacement Tonnage...170 Tons
Engine Horse Power Kasts 10 Working Pressure per square inch 150 lbs a
Bailt at Falmouth. Hateriala of Construction. Wood to water line, Tran Plated.
Approximate Carrying Capacity, 25 Tons or 300 Passengers
“As sho now Heist."--
A detailed list of fittings to be sold with the ship may be seen at the offices
The versel will be open to inspection from 17th May to the day of sale inclusive between hours of 10 A. and 4 PM, Sa
Pazmite for inspecting
ing will be issued Application at the Auctioneers.
Ship may not be viewed without permit TEAKS
on
HUGHES & HOUGH, Auctioneers to the Governant.
GENERAL MEETING will be held at the Company's Offices, St. George's Building, on SATURDAY, 21st Mar, 1921, at 11.80 x, for the purpose of presenting the Report of the Directors together with a Statement of Accounts to 28th February, 192, and electing Directors
and Auditor.
· The TRANSFER BOOKS of the Company will be CLOSED. from the 14th to the lat May, 1921, both days inclusive.
By Order of the Board of Directors,
GIBR, LIVINGSTON & CO, LTD,
Agents,
897 Hongkong. May 4th. 1921.
INSURANCE SOCIETY OF UNION
CANTON, LIMITED.
NOTICE TO SHAREHOLDERS. TOTICE IS HEREBY GIVEN that the
49ra ORDINARY YEARLY MEET- ING of the Society will be held at its Head Office, Now, 3 and 4, Queen's Buildings, Hong- kong, on FRIDAY, MAY 27TH, 1941, at Nook, for the purpose of receiving the Beport of the Directors together with the Statements of Account to 31st December, 1920, and of declaring Dividends, etc.
The TRANSFER BOOKS of the Society will be CLOSED. from 14th to 27th May, both days inclusive.
By Order of the Board,
0. MONTAGUE. EDE,
General Manager.
903 Hongkong, May 6th, 1991. BRITISH TRADERS' INSURANCE COMPANY, LIMITED,
NOTICE TO SHAREHOLDERS.
NOTICE ORDINARY YEARLY MEET IS HEREBY GIVEN that the aING of the Company will be held at its Head Office Nos, 3 and 4 Queen's Buildings, Hong- kong, on FBIDAY, MAY 27rw, 1991, at 12.30 . for the purpose of receiving the Report of the Directors together with the Statements of Account to 31st December, 1920, and of declaring Dividends, etc.
The TRANSFER BOOKS of the Company will be CLOSED from 14th May to 27th May, both days inclusive.
By Order of the Ecard
Hongkong, May 5th, 1991."
C. MONTAGUE EDE,
General Manager,
904
THE CHINA FIRE INSURANCE COMPANY, LIMITED.
NOTICE TO SHAREHOLDERS,
NTOTICE IS HEREBY GIVEN that the 52#D'ORDINARY YEABLY MEET- ING of the Company will be held at ita Hend Office, No. 3 and 4, Queen's Buildings, Hong. kong, on FRIDAY, MAT 7TH, 1991, at 12-15 ... for the purpose of receiving the Report of the Thirectors together with the Statements of Account to 31st December, 1920, and of declaring Dividends, etc.
The TRANSFER BOOKS of the Company will be CLOSED from 14th May to 27th May, both daya inclusive,
By Order of the Beard,
. G. MONTAGUE EDE,
General Manager. Hongkong, May 5th, 1921.
FOR SALE:
TUVE-ROOMED BUNGALOW, Frak --District, * Tennis Court, Kitchen Garden. Early possession... Apply to
Box No. 588, Care of Daily Prom Offior:""
TOS. and 3, “VICTORIA. VIEW"
Apply to
U. RUMJAHN,
[
6. Des Voeux Road, Central
HONGKONG & SHANGHAI BANKING CORFORATION.
N
TUTICE 18 HEREBY GIVEN that an EXTRAORDINARY MEETING of the SHAREHOLDERS of the Hosa-
KONG AND SHANGHAI BANKING CORPORA- rion will be held at the City Hall, Hongkong, on SATURDAY, the 28th day of May, 1921, at Noos, for the purpose of considering and if thought it of pass- ing the following resolution:
1. That the Directors of the Boxoxoxa
AND SHANGHAI BANKING CORPORA TION be and they are hereby re- quested and authorised by and on behalf of the shareholders of the Company "to take the stepa neces- sary for the introduction of an Ordinance into the Legislative Council of the Colony of Hongkong sad for the enactment of the same by the Governor of "Hongkong with the advice and consent of the Legisla tive Council thereof to effect the amendments necessary to the Ordi- nances under which the Company is incorporated and carrying on busi- ness so as to allow of the capital of the Company being from time to time increased from 20 millions of dollars the present authorised capi- tal of the Company to 50 millions of dollars:
INTIMATION
ESO
"E"
THE PREMIER SCOTCH
of the Far East.
WATSONS Search Whisks
Popularity maintained
by its
EXCELLENT QUALITY
NOT BY EXPENSIVE WORLD-WIDE ADVERTISING.
|the producers hoped to bring purchasers at a price lower than that which was
into line.
It was argued that if the ruling when the crash came. As a result, supplies were kept low enough buyers the market for Japanese raw silk has
been ruined, ' must eventually be brought to reason.
Again, the Government has passed a law designed to maintain The so-called "consumers' strike,"
how.
the price of rice by large Government ever, still goes on, and the manufacturers and brokers continue to agitate for Bigure. This means, of course, that wages purchase whenever it falls below a certain further Government aid. The explanation must be maintained and one of Japan's of the consumers' strike is not that chief assets, cheap labour, is destroyed. the consumers are organised to resist the This articial inaintenance of the prics" taking at inordinate profits by the of the food stuff of the country goes to manufacturers and brokers, but that the the whole root of the problem, for unless consumers have not the money with the price of food is reduced thers`ars which to pay the manufacturers' prices many industries which are unable to plus the profits of the retailers. During continue work at "&"profit and have to the war boon there were extra profils cut down their output, or put their hands to be made in various directions; bonuses an wages on which they cannot live. The and overtime yielded sufficient to enable largest copper wing in Japan has had to consumers to meet the high prices; but discharge a large number of men, lately, with the end of the war these additional and, although there were serious distur emoluments ceased, while prices were bances, the company stuck to its point. still maintained and even increased, On the question of the deflation of the leaving the consumers unable to afford currency all the Governor of the Bank of more than "the necessaries of life, and Japan "had to say was that it was these only in smaller quantities. A impossible: The note-issue now amounta vicious circle was thus formed which to one thousand million yen, and the could only be broken by the manufactur-relation between it and the specin reserve ers agreeing to cut their losses and by free absurd spectacle of the Bank of Japan has become sn vague that there is the |competition being allowed full play. The
action of the Government in assisting shifts the reserve so as to make it agree Issuing a statement every wiek which
ܿܐ
"
also
What the specie
with the note-issue. reserve is on which the notes are issued
something of 2 mystery. Apparently, part of it is not held in the country at all, but abroad. So uncertaiä 18 the Government as to the stability of its own currency that it still maintains the embargo on the export of gold. This indation of the currency has been a cause of rising prices in Japan for years, and until the Government finds enough courage.to, put gold into circulation and withdraw the notes prices will always repain high.
the manufacturers to hold out has not served to improve the situation; rather, it has made it more complicated, since there is a danger of Japan losing her commerce in some of the staples which have hitherto been the mainstay of her foreign trade. Her prizes no longer compete with those of the outside world, and this very few orders are coming to her from abroad. The reduction of output bas entailed the dismissal of large numbers of workmen and the enforced idleness of a number of others, with the result that the hands, have drifted away, into other forms of employment. Con- sidering the dearth of skilled labour in Japan and the difficulty there has always
Mr. T. 4. Hazlerigg, Assistant Crown been to obtain it. this is aerious Solicitor, will act as Assistant Land” matter. If the manufacturers had con Officer during the leave of Mr. Philip tented themselves with a modest profit, | Jacks, or had reserved some of the profits they
A. S. WATSON & made during the war to meet this
CO., LTD.,
WINE AND SPIRIT MERCHANTS,
HONGKONG.
(11
2. That the Capital of the HONGIONO AND SHANGHAI BANKING CORPORA Tios be forthwith increased from $15,000,000 to $20,000,000 by the creation of 40,000 New Shares of $193, each to bo issued at the price of £70 on the terms after mentioned. Shareholders on the Eastern Regis tors to pay for their allotments at the rate of exchange for the Com pany's demand Billa on London on the day on which the instalments are dne.. 3-That the said New Shares be in the first instance, in such manner as the Director shall prescribe for that purpose, offered to sbareholders in the proportion of one New Share for every thrée shares of which on the 58th day of May, 1921, Share- holders shall respectively be the registered Holders, and that any New Shares not accepted by Share- holders within the time limited by the Directors for that purpose be disposed of and allotted by the ECONOMIC CONDITIONS Directors. in such manner and at such price as in their diseration they shall think best in the intereste of the Company! 4-That the payment of the sum of £10 per share for each of the said New Shares be made as follows, V12.
HongKong Offics: 101, Dea Vaux Ro., C. LONDON OFFICE: 181, FL STE, EC.
1st. instalment of £35 on the 1st 2nd, and final instalment of £55 on
day of July, 1921.
The Daily Press.
•
HozGKOND, MAT 16т¤, 1921,
JAPAN
ADDRESSING a meeting of the Associated Clearing-houses, the Governor of the Bank of Japan recently made a statement About the present economic conditions
in Japan which has been the sub- ject of much comment.. Japan's ex- the 1st day of October, 1921. penditure on the war was trifling That the Directors issue to Share while her gains were enormous, yet holders, holding shares less than or not a multiple of three,s fractional her position to-day is none of the certificate in respect of each share most prosperous and she is feeling the multiple of three and allot one New economic depression severely. The fact Share to every person who shall is that although during the war Japan produce, three such Fractional Cer-
less than three or in excess of a
coatingency, the danger would have been avoided. The only means by which the manufacturers could have been brought to see the error of their ways was the. stern withholding of Government assist auce, but the commercial party in Japan has too strong an influence for the Government to resist its demands.
Mr. T. W. Ainsworth has beep appoint- to undertake the duties of Assistant Colonial Treasurer and Assistant Asses- sor of Rates.
We are asked to remind qur "readers · that there will be a Musicale at, the Helena May Institute on Thursday, May 10th, at 5.15 p.m.-ADVT.
The report of the Commission which has been inquiring into the conditions of child labour in Hongkong is expected to be issued in about a week's time.
These facts, which seem obvious enough to others, are not at all obvious to the Governor of the Bank of Japan. He thinks that a stabilisation of the economic
Messrs. Y. G. States and H. St. E
the now recognizeti, on conditions in Japan can only come as a Miller result of the stabilisation of economic authority of the Secretary of State for conditions all over the world, which is the Colonies, as American Vice-Consul true, no doubt, in a sense, but leaves in Hongkong. out of the question whether the actions
..
It is notified in the fovernment Calcito that all architects, barristers, dentists. (whether registered as dental surgeons or exempted persons), medical practitioners, pharmaceutical chemists and solicitors
can obtain the certificates to practice,
Mr. R. A. C. North is guzelted a magis: of the Government have been in the trate and authorised to hold small debts IN direction of the stabilisation of the courts in the Southern District of the economic conditions in Japan. Plainly, New Territories, dusing Mr. E. W. short leave" at if Japan is to wait until the economic Hamilton's absence on conditions of the world are stabilised, Shanghai, before she stabilises her own, she may find herself, left in the lurch. The Governor of the Bank of Japan acknow ledges that prices are high in Japan, but hopes that a decrease in demand will bring about a reduction in profits, n cutting down of wages and a discharge required under the new Stamp Ordin of workers, and ultimately a decrease in ance, upon application at the Stamp the purchasing power of the consuming Office and on payment of $5. :: classes. This is a peculiarly Japanese
A buyer in the Wing On Store wan
and may be described as putting the
with attempted fraud." It was alleged cart before the horse," since it throws
that on the previous day he presented a the whole burden of the trouble on the bill for 88 for earthenware cups bought consumers. The consumers will buy, he for the firm. He was told the bill would says, thus keeping the workers fully be paid after the goods had been checked, employed and maintaining high wages but no, such goods could be found. The and, incidentally, manufacturers-profits. defendant denied the offence, and the The chain is not perfect one, hearing was fixed for Thursday. but this is the fault of the Governor
tificates on or before the 1st. day of greatly increased the number of her way of looking at economie questions, charged, at the Magistracy, on Saturday,
July, 1921, and pay the frst instal-millionaires, the general wealth of the ment in respect thereof.
country has not been improved. More That after payment of the first over, little attempt was made to instalment, and pending paymentvide for rainy day" The of the remaining instalment, Berip Certificates in such forms the shipping and other companies which Directors may determine prospered in the boom paid enor entitling the holders on payment of mous dividends and added nothing to the remaining instalment, and sub their reserves There seemed to boa jocs to such other terms as to
be issued
fat year
A Chinese, who recently returned from approval, date for lodging scrip car sort of competition as to which company of the Bank of Japan. The point America, was charged before Mr. R. E. tificates and otherwise as the Direc should pay the largest dividends. The
is that it starts with the consum- Lindsell, on Saturday, with the unlaw as the owners of the shares-respec- tors may prescribe, bo bairegistered result was that when the crash came a ers obstinacy in buying, although all Tul possession of a revolver, Mr. F. G. Vauz, who defended, said that his client tively represented by such Stip large number of companies had nothing the complaints of bad trade, etc., are had lived 30 years in America and had Certificatee
upon which to fall back. Nor apparently, based
on the fact that the consumers are never come to Hongkong before, so that never come to Hongkong before, so T--That interest at the rate of 8
por
the local cent. per annum be allowed out of did they foresee the crash and, conso not buying if the consumers were that he did not know
fine of $75 Was the profits of the Company on inquently, many were caught with enormous buying in the ordinary quantities why regulations. A stalments paid in advance of the stocks of expensively manufactured goods should there be any necessity for reduc-imposed and the revolver was confiscated, panding the issue of a permit by the dates when the same become due, for which there was no market. The ing working hours and output, or fixing authorities at Canton, whither the de and that registered holders of Strip Certificates for New Shares be profits, made during the
prices at levels designed to forcs, the fendant was proceeding entitled in respect of soch. Now should, of course, have left them ample consumer to buy ↑ The fact is that the Bhares to participate in, future dividends on an equality with the margin to cut their losses, but those Governor of the Bank of Japan was old shares, in proportion to the pronta lad all been dissipated one way anxious to divert attention from the part instalments paid up,and from duer another, and firms and manufacturers played by the Government in the main- dates for payment of same was a-That interest at the rate of 8 per were faced with rais unless they could tenance of high pricesIts action in centam per annum be charged on manage in some way to maintain regard to the price of raw silk. may be each instalment not punctually fictitious prices. To this end the aid of cited. The manufacturers and brokers paid, and be paid with each auch Government was invoked, and not, found themselves left with large stocks instalment That all moneys received from pre-in vain. Money has been found to up of raw silk on their hands at the time mium on the said New Shares besidise the silk trade so as to enable it of the collapse. The Government added to the Sterling Reserve Fund, For The HONOKONG" & BuŁNORÁZ
to keep the price of silk at a war figure, organised with State capital an Imperial with the additional aid of a reduction in Silk Yarn Co., which it e output. The reduction of output has, advance money to the manufacturers to April 25th, 1 T indeed, boca the great weapon by which prevent them parting with their stooks
-Banking" "CoRPORATION," AG, STEPHEN.
Chief. Maneger.
2
DAYLIGHT ROBBERY IN DES VOEUX ROAD. CHINESE SHROFF'S COMPLAINT
The Chinese abroff of Messrs. Britto & Co., has reported to the Police that on Friday afternoon he was walking in Des Veux Bond, near Messrs. Powell's Ltd., on his way to the Netherlands Bank, to deposit $1,177 in notes, when two men jostled him. One man removed a bundlo of notes from hia, pocket and ran away," Bome of the money fell to the ground,- and the shroff recovered it, but the thieves got away with $877,