Page
THE HONGKONG DAILY PRESS, WEDNESDAY, JUNE STB, 1971.
DODWELL & CO., LIMITED.
Regular Sailings to
NEW YORK and/or BOSTON
Vis Suez or Panama Canalg-st Owners' Option.
LLOYD
TRIESTINO.
TAKING CARGO ON. THROUGH BILLS OF LADING FOR LEVANT, BLACK SEA & DANUBE PORTS.
FIUME having been re-opened for traffic, care is also accepted for this pert on through Bill of Lading,
82
+
FOR BRINDISI, VENICE & TRIESTE
via SINGAPORE, PENANG & COLOMBO,
** INNSBRUCK ".
** AQUILEIA"
NIPPON ".
"CILICIA "
„sailing on or about 13th June. ...miling on or about 13th Jane Xaling on or about 20th June
FOR
SHANGHAI
***
...niling on or about 28th June. Passengers Luggage can be insured at the Office of the Agents.
NATAL LINE OF STEAMERS.
Regular Passenger and Cargo Service to
SOUTH AFRICAN PORTS from CALCUTTA & COLOMBO, Through Bills of Lading insted, from Hongkong
For Freight or Passage on any of the above Idnes apply to:-
DODWELL & CO., LIMITED,
Aginte
N. Y. K.
NIPPON YUSEN
པ་་
KAISHA
BAYLITUS FROM KOTAKONG SURIE'S YO AXITRATION.
FILFERAGE RISKS. RESPONSIBILITY OF THE INSUR
ANCE MARKET: "
WEATHER REPORT.
June 7th at 11:53-Preare has in- crossed lightly from Shanghai to Amoy and over Formosa and Japan. It has decreased slightly at Yap, and is nearly abationary at other reporting stations.
The trade of England, writes "H-X. In the Manchester Guardian, is sup
A dépression is still shown over Tongking. ported on three props, all of which am Hongkong rainfall for the 24 hours essential to its continuance. They are boding at 10 am, today, 2.10 inches. Total the enterprise of manufacturers and mar-sto-January 1st, 46.35 inches against an^ thanta, the credit facilities of banks, and the willingness of insurance offices to cover all risks of accidents! loss by land or sea Without insurance there can bo no inance, because there is no security. Antonio had to offer Shylock a pound.
INDO-CHINA
STEAM NAVIGATION COMPANY. LIMITED.
SANDAKAN
SAILINGS," "BUKIKOT TO ALTERATION
HINNANG" Wed 4th June, Noós.
SHANGHAI & TUWATAU VIA SWATOW"TUNGSHING” MANILAN TIENTSIN
Terage of 2005 inches,
The forecast for the 24 hours ending at THAITH & CALOUTTA... troon to-day is as follows
DIETRIOT
Formosa Uhaanal
af living flesh because he had no insur Bangkong to Gan Rock" ance policy upon his argosies. And sco- ing that without insurance there can be no finance, and without finance there can be no trade, in, the modern worldwide senac, one must regard with horror the serious proposals of some shortsighted underwriters that they should refuse to cover the pilferage risks of goods in
transit.
ate:
FOXICAST
rs. ad S.E. winds, moder doudy some rain later. Variable winds, i
moderate.
Bonth court of Ching between (The same as
Hongkong and Lamooks No. 1.. Southcoast of China, between | Tho šáme” na Hongkong and Hainan 1 No. 1.
HONGKONG TIDE TABLE.
The risks of theft have enormicusly in creased, excessive claims for pilferage. ate descending upon a market which a belare it a series of lean years, there is as ample case for revising rates of pre- mium, and conditions of insurance, but thère is no case at all for refusing to inture shippers against all the risk to which their goods in transit are subject. The "greater the risk the more necessary. is the insurance cover.
LLOYD'S AND THE 'MARINE COMPANIES.
It is a pleasure to note that the sug gestion of certain influential under writers at Lloyd's, put forward in the middle of last month, that pilferage risks,
From June 7th to 14th, 1931.
HINI WATER.
Days of
Day of
Hrong Standar
Beight.
hem the th
should no longer be accepted has been Wed. 8 m 10, 2 turned down at a joint meeting of under-
LOW WATER
Ekong Standard
Time.
7-9 m 3 42
writers representing both Lloyd's and Thur. 9 m 016 4 4 lm € 36.
1049 the marine companies. It is not in prac
1 18
-10
lice possible for Lloyd's to stand asido Fri. from business if the companies aro «pre- pared to transact it, and the companien. Satar 11 m. have shown that, however serious their sufferings from pilferage claims, they are Sam. 11 m not unmindful of the primary respon sibility of an insurance market which Mon. 13 m
to insure. It is, however, agreed by both sections of the market that strong, action is necessary, not only to protect underwritera from loss, but also to force upon shipowners, dock authorities and railway companies greater precautions against it.
No man, Do association of men, can win respect by running away from a risk. it is easy. perhaps pleasant, for a rich man engaged upon private underwriting to close his books and to go away for
a fintter at Monte Carlo. But the czeY and pleasant ways of life do not gain for a man respect. We are quite sure that the of the underwriters
SEATTLE & VICTORIA « VANCOUVER vis Manila, Keelung, Lloyd's have no more desire that the
Bhanghai & Japan porta
Cargo to Overland Potnim U.S. in eqnnection with Grens Nöribarn. Northern Paolác and Chicago, Milwaukee & Et. Paul Hallwigs.
KATOBI HARU — KASHIMA MARU BUWA KABU
KEPURĦIMI, MËRTLA
*
(omitting Mealla)
-
Friday, Tuesday, Friday,
17th June, 11 mm.
company underwriters to shirk their re ponsibilities to the business community. The joint decision to stand to their job- in the dificult times of peace as in the profitable days of war is sufficient proof. that Lloyd's at heart in sound. ̈ ̈ ̈ ̈
1th July, I am.
-THE FUNCTIONS OF INSURANCE An insurance market exists to insure. 19th July, at 11 am.
and to insure upder ferme which yield Tuesday - $3rd Ang. 1111 amprofit. Without profit, there can be no market LONDON & ANTWERP ya Bingspore, Penang, Golubo, Bues building ap of reserves and no security
for the future. But an insurance also exists as a great organised machine Port Said and Marseilles.
for reducing riska. It is of vast import ATSUTA MARU ..
ance that this second-function should be realised. A loss of property, whether by BEATZDORA MARU] MA
fire, by a peril of the sea, or by human crime, is a loss for which the honest.com. munity has to pay. Insurance distributes And in the loss over a large surface.
KAGA HARU
M
YOKOHAMA MARU -
Friday,
Frid
HAMBURG, MARSEILLES, LONDON &
LIVERPOOL & MARSEILLES via Sres.
10th June 4-14 LE 24th June, at 11 am
8th July, ii 11 min. 2nd July, 11 am) ROTTERDAM.
MELBOURNE & SYDNEY va Hindis, Zamboangs, Thursday from a waste of wealth.
Island, Townsville & Brisbane,
TANGO MARU
AKI MABU
NEW YORK VIA PANAMA.
TOBA MÄRU
3
HARODATE MARU
H
Tuesday,
SOUTH AMERICAN PORTS vis CAPE,
sist June,at 11 am. 19th July, at 11 am. 16th Aug, at 11 m.
Friday, "24th June..
End of July.
AWA MARU
Sunday,
19th June,
BOMBAY & COLOMBO vis Singapore.
TATSUNO MARU
Saturday
CALCUTTA MARU
Tuesday,
-PENANG MABU...
11th June. -28th June,
Wednesday 22nd June.
JAPAN PORTE-Nagasaki, Kobe & Yokohama.
NIKKO MARU
Friday,
VALOUTTA & BANGOON via Singapore & Penang.
BHANGHAI, KOBE & YOKOHAMA.
YOKOHAMA WARU
BANGOON MARU
ELEIST
"MISHINA. MARU
-17th Jans, að 13-15"
Monday, 18th June, at 11 am Tanday, 14th June Friday
24th Juna, a 11 am. Thursday,
7th July, at 11 am.
For further information apply to NIPPON YU'EN KAISHA
Telephonse Mon, 1ŶN & RET.
8. YASUDA, – Massgur.
YAMASHITA KISEN K
KAISHA
(THE YAMASHITA S.S. Co. Ltd.)
REGULAR FREIGHT & PASSENGER: SERVICE
BETWEEN
KEELING, HONGKONG & HAIPHONG. Sailing from Hongkong.
FOR HAIPHONG viä Pakhol::
8.5, "HOZUI MARU”
FOR KEELUNG vla Swatow & Amoy
an or about 7th June.
on or about": 7th Jane.
For further partiolárs, please apply to-
8.8. "TAIKWA MABU”
Branch Office, *,
Bonham Strand, West,
Tel. No. 165.
„M KOBAYASHL
Top Floor, King Building,
Tel No. 140.
so far as the insurance, market can actually reduce the volume of loss, just in so far it saves the whole community It may be argued that the efforts of insurance offices and of private, under- writers to reduce loss is nothing more It may than enlightened self-interest. be so. But no matter. The community gains by every effort to salve goods from burning warehouses, to raise wrecks, to provide for the proper construction and classification of steamers, to maintain a service of rapid and accurate shipping Dews, to stop losses through pilferage. The work of Lloyd's Register, of Salvage. Associations by fand and sea, and of Lloyd's agents is mainly directed towards saving the whole community from pre-- ventable waste. And in so far as waste has been prevented the community has benefited. Both directly and indirectly the insurance markets have benefited too activi by the cheapening of insurance, se ties.
The exercise of enlightened sell-interest may have no ethical value. But it has a very real value to the trade of our country. One might say that the popula tion of these islands has been and is still being, supported by the exercise of en- lightened self-interest.
BATE THE FACTORS IN THE PROBLEM.
A joint committee of marine companies and Lloyd's underwriters has been ford ed to examine the conditions under which the risks of pilferage in transit will be insured in fature. The shipping com- panies are bending their minds to the problem of attacking the evil of rob- beries Railway and dock authorities must co-operate heartily if there is to be no open gap in the chain of endeav
our
The meskoships goods can
Tres 14 m 5.
459 4
693
7.160
3
อโม! 57.19
9 12 a 9.7
10 13
Makes Perfect Even
Height:
APIOLINE
(CHAPOTEAUT)
LATES
For ranetlemil-troenzim, dany, pain and those inguieritier peculiar to the sex. 8).
Prescribed 47 tha - méhed Frenéh Modiosi authorities uza sipizioz to - Tansoy, `xtal Drops and Penny zoyal.
CHATOTRAUT, SĂana Virinha,
SHANGHAI
HAIPHONG I. FOLOW..
WINGSAN3*
CHIPSHING"
KWAISANG
"CHOYSANG", "LOKBANG
8th June, Noom
10th June, 1 PR
11th June, Dight
11th June,
Nila
18th Jana Dight
Bab Ved Wody 18th Jane, 8am
QALOUTTA LINE~This Line affords regular willings to Calcutta, Poning ani Bingapore; returning from Caldates steam s prosesi via Straits And Hongkong to Japan, occasionally calling at Shanghai. All timers Have excellent panger scoortimo Intion, are ited with Electric Light and, Fans and carry a fully-qualified Surgion.
SHANGHAI LINE:-Sailing approximately every five days between "Cunton and Shanghal, sometimes calling at Bow Through tlokabe an be obtained and through Bill of Lading are lasued to all Northern and Yangtsto Ports, via Shadebal LINE HA weekly service le maintained with Manila by vessels with good
from both porta avery Friday, passenger
beny MANILA
† HAIPHONG LINE ----Szilings on any for passengers, and cargo,
BORNED
TIRET-IN BANGKOK
calling at Hoihow when inducement offers LINS-One sailing per month between Hongkong and Sandakan by
Jesselton
a steamer having up-to-date kocommodation for passengers,
on through Bill of Lading for Kuadai, taken
Tawag and I had Datu,
Laban,
LINEA regular sorries is run from March to November between Hongkong and Tientsin, calling at Welhalwel and Cheloo. LINE-A weekly serios is provided between Hangkung and Bangkok, vis Swatow, by four steamers fitted with up-to-date passenger accommodation
CALCUTTA LINE
8.3.
KWAISANG" will be despatched on or about Saturday, 11th June, at Noon, for SINGAPORE, PENANG & - CALCUTTA
THE REDUCTION OF RISE. directly do nothing to ensure their safety Work by means of insurance to reduce once his hands have lost hold of theme has always been common in the his but as a payor of insurance premiums tory of insurance. The fire offices were and as possibly, a shareholder in ships, the first organisations to establish fre railways, or docks he can indirectly do brigades, and to this day they maintain great deal. The chain le long and has savage services. The marine companies uany and varied links There is cartage, pay large sumi to salvage companies at Boller, insurance companies have
railway transit; dock handling and store teams of inspectors The iden
age, ship leading and unloading, and their transit abroad to the final destination always has bow that avoidable wasto All along the chair the insurance Pre-theald be prevented, and that the risks Bure of high rates and stern conditions insured against should be reduced by Can be kept ap by agreement within the
and by ealvage to the lowest insurance market, and that premure we dem Sie d tend to force continuous inspection by The sudden rise in the losses through of the various transit authorities of the pilferaga is new,
measure though some several links the problem is made grienced. The site has taken the lots from this cause has always been The solution of the more difficult by the increase in dis market at a disadvantageous moment, honesty, which is one of the unhappy when prospects were generally unfavour legacies of the war. But persistent effortable. But though for the moment the all along the line must have good results market is embarrassed and angry, we do It will be better for the insurance, mar not doubt that it will ultimately beneat ket to have achieved these results than by the very severity of the disease of dis- to have weakly run away and to have honesty Pressure-will be accepted in convicted itself of commercial poltro, an epidemic which might be resented were the evidences of disease less cons-
onery.
(Continued of foot of next column)
picuous
Through Bills of Lading issued to RANGOON, PORT SWET- TENHAM, MADRAS and DUTCH EAST INDIES.
For Freight or Passage apply to-
TEL3750 No. 215.
で
་བ་ཐ
Jardine, Matheson
& Co., Ltd.
GENERAL MANAGERS.
GLEN
SHIRE
Joint Service of Steamers.
U.K.-STRAITS. CHINA & JAPAN SERVICE.
OUTWARDS.
REGLETAVY
88 GLENUCE
"GLENOGLE GLENGYLE
HOMEWARDS. Leaves Hongkong.
17th Jane
2nd July
Das
21st Jane 25th Jane
Dasbargoe
LONDON, ROTTERDAM & HAMBURG, GENDA, LONDON & HULL
Movements are subject to change without notion. For freight or further particulars please, apply to :--
Jardine,
Matheson & Co, Ltd. The Glen Line, Ltd., aut
Tên Hà 1 tiêt al. and 1994,
-Cable Addre
Kawakisun, Kabe.. Bentley's A.B.C2 8th Ma.
and Booti's Codes.
KAWASAKI
KISEN
Telephone: Sensemly. 3844, 3933.
(KAWASAKI STEAMSHIP CO.)
KAISHA
CAPITAL FAID-UP *** Y20.000.000
President: Mr. Y. Kawasaki. Vice-President: Mr. K. MaruxaTA Managing Director: Mr. Masaza Axx."
The Company has on hand a Large Number of
NEW CARGO STEAMERS
ALWAYS READY“ FOH CHARTERS of all descriptions.
The following are comprised in the Company's Float
Eleven steamers of 9,100 tons
teach deadweight
And under the Company's Management sour
Twenty steamers of about 9,100 tons deadweight en Two steamers of about 6,400 tons deadweight
(Belonging to the Kawaki Dockyard Co., Ltd) S
For Charter Rates and all other particulars apply to the woman
KAWASAKI KISEN KATHA.
No 8 BUND, KOLM,