Page
THORNYCROFT
JOHN I. THORNYCROFT & CO., LIMITED,
SHIPBUILDING AND ENGINEERS,
LONDON, SOUTHAMPTON AND BasingsTOIL.
Shanghai Ofice:
10, Kiukiang Road.
15 B.H.P. 30 B.H.P. 50 B.H.P. Engines in Stock
For quotation apply
LUXITE"
SHANGHAI OFFICE.
LUSTERISED
THE
LISLE HOSE
We have just received a new stock of "Luxite" Lasterised Liste Hose in Piala Navy, Tan, Light Grey, Cordovan, Champagne, Gunmetal, White or Black. All sizes.
"Luxlte" Lasterised Lisle Hose $1.50 pair or 12 Pairs for $15.
Dozen, lots may be in ose or assorted colours.
MACKINTOSH & CO., LTD.,
Men's Wear Specialists.
18, Des Vaux RJ. Paone 21.
£38
HONGKONG HOTEL CO.
LIMITED.
OPERATING:
RONGKONG HOTEL GARAGE
RUSSELL STREET GARAGE REPULSE BAY GARAGE
Telephone No. 92. Telephone No. 659. Telophone No. 831.
SOLE AGENTS FOR HONGKONG AND SOUTH CHINA
FOR
ROLLS ROYCE
STUDEBAKER CORPORATION
WHITE COMPANY
UNITED STATES RUBBER CO.
A E LE JEUNE
Carn
Cars.
Commercial Trucks, Tyres & Rubber Goods, Motor Car Mascota.
HEAD OFFICE AND SHOW ROOM IN PEDDER STREET.
1845
MID SUMMER DISPLAYS
AT
WHITEAWAY'S
NEW GOODS
NEW GOODS GOODS
SPECIAL DISPLAY OF
NEW
CARPETS
ENGLISH TAPESTRY & AXMINSTER
in our
NEW FURNISHING SHOW ROOM
NEW GOODS
CALL & INSPECT.
EN ALL DEPARTMENTS.
WHITEAWAY, LAIDLAW & CO., LTD,
HONGKONG
[71
HONGKUNG DAILY TREBE, FRIDAY, JULY STF, ADAL
THE TRADE OF NANNING. experience. 50,931 taels of opium, con Nanning is one of the objectives of the cealed on board vessels in every pa Cantonese Army in their war against sible manner in which alert and inven Kwangsi, and as the part has trade retive minds can think of, were seized" by lations with Hongkong, the following the. Customs searching party during the resume of its history Inst year given in year. the annual report of the Commissioner bf,
The provincial government, is" com- Customs is specially interesting at the mitted to a policy, of encouragement of present time:--
cotton cultivation, and an exhibit held
The
A review of the year which has just during December at the provincial "aa closed is not a very inspiriting business,sembly hall admirably reflected the new and the actual result of the 12 months activities in this connexion. The object trade falls far short of the hopea raised of the experimental work conducted by nt the end of 1913, when there appeared the authorities is to discover which dis to be chance of a good year. Finau-tricts offer the best prospects for the cial conditions have been extremely bad. Successful growing of raw cotton; and and when one considers the many em the committee appointed to investigate barrassments with which merchants were this question have reported that the faced one is compelled to admit that they finest yield has been met with at Posch, showed great skilt in"finding way where American seed was used: Seest through a time of such confused inst- obtained from Kiangsu also gave very ability. The extent to which the pur-fair results. Much time may elapse be chasing power of the Kwangsi bank-note fåre any substantial measure of success has been lessened militates seriously is met with but there seems ground for against business transactions with Hong encouragement, and it is pleasant to be kong, and exchange constitutes one of able to record a forward movement. the most serious economic problems, be There has been a marked increase in the fore the focal authorities. The Kwangsi demand for locally manufactured goston bank note quotation, which in January cloth, and the inctories have been excep atood at 13 per cent. discount to the tionally busy all through the year. Hongkong dollar. touched as low as influence of the factors during the past per cent. in November, until, at the close few years, mischievous and repressive of the year, local banks were quoting though it has been in many directions, from 1 to 43 pan cent. So long as the has already tended to advance the, of local currency remains at anything like ficiency of this local industry to a great- its present quotation, so long must there er degree than would otherwise have be uncertainty in the financial outlook, been possible by compelling its develop with its unfavourable effect upon busi ment to meet pressing local require- ness conditions. A fair amount of trade ments. A coarse cotton cloth, made from was done in the first quarter, but a low counts of yarn under most primitive general susceptibility to inancial uneasi conditions in houses in this district, is ness, caused to a great extent by the freely, bought by the poorer classes, feeling that the district was on the eve of important political developments,
The Settioment Bund lies in ruins. characterised the second quarter, when it was built in 1907 by a Chinese con business was on a restricted scak. Dur- tractor, with little or ing the third quarter the acuteness of the training, and its entire reconstruction Do specialised Kwangtung-Kwangsi crisis from
will have to be taken energetically in sive became an active influence in de hand in the immediate future. For some pressing trade; but it was action taken years past a strict limit has, been auta. by the Tuchun in August, when he himmatically set to expenditure on locat self had the most formidable difficulties Heeds by the pressure of economic to contend against, and when the adverse circumstances, and the difficulty is to influence of slackness of orders was find the money required. A further making the position for merchants more collapse, however, would be likely to difficult every day, to grapple with the seriously affect the safety of house pro- illicit opium trade, that overshadowed perty owned by foreigners, and the prob everything and took all the steam out of lem would thus seem to be an obligation the market as a whole. During October, incumbent upon the authorities. The following a quarter of worries and work should be placed in the bands of trinis, & minimum of trade was done; but in December, when fears as to possible attack from Kwangtung, while not definitely set at rest, had, to a cer- tain extent, subsided, matters began to shape more favourably, and the business position showed slight improvement, Fortunately, at the time of writing there are signs that the acute crisis in the relations between Kwangtung and
A Bas-
trained and experienced foreign en-1 gineer, who would be in a position, to watch and check every stage of its pro- gress. Anything short of this would be, wasteful and unsound, and it is much to be hoped that the authorities will show then selves willing to learn their lesson and apply their experience.
The first rice crop was estimated at Kwangsi is gradually burning out; but as a result of storm and food, the second nearly nine-tenths of a full yield; but, the embers of this trouble, and the one showed an important shrinkage. The general pessimistic feeling caused by a net value of the trade was . Ts succession of commercial failures, mainly 7,988,865, as compared with Hk. Th due to difficulties in the opium trade, 7,988,538 in 1919. which were inusually large both as re- gards numbers and liabilities, "are" atill causes of arrested movement, and mer chants are entering on a new year with,
AMERICAN BUSINESS MEN TO at the best, a somewhat doubtful pros
VISIT THE ORIENT, pect of its proving & prosperous one. Events in Ewangtung during the third quarter of the year followed one another sentation of business men and their wives San Francisco will send a big repre in such quick succession that it was dif
4
ficult for people living at Nanning, who on a commercial tour of all the prin received little or no news of a definite cipal cities of the Far East, including character, to keep page with the many Hongkong, next September. The San changes and developments that
werB
taking place. Towards the end of Francisco Chamber of Commerce is September rumours of a general retire directing the excursion. The party will ment on the part of the Kwangsi forces number at least 175 members and will began to find emphatic utterance, and be thoroughly representative of San it was then obvious, even to those who Francisco's financin! commercial and had not exact information, that the industrial interests. Reservations alrendy situation was appronching an extremely made number nearly one hundred. éritical stage, and no surprise was ox- Among those who have announced "pressed when it became known that. their intention of availing themselves withdrawal from Kwangtung had at of the trip are John A. Britton, vice Irngth been decided upon. The evacua- president and general manager of the tion of Kwangtung by the Kwangsi Pacific Gas and Electric Company; troops became an accomplished fact by Atholl McBean, former president of, the the end of November. Ts'en Chun San Francisco Chamber of Commerce hsuan: Chief Administrative. Director of and member of the firm of Gladding the Canton Military Government, in his McBean & Co.; G. Marshall Dill, chair telegram of October 28th. announced that man of the foreign trade committee of the Two Kwang had festored allegiance the chamber and partner in the import to Peking" and a Presidential Mandate, firm of Dill-Coppage Inc.; Byron Mauzy, promulgating the reunion of the North former supervisor of the city of San and South, was issued two days later. Francisco and head. of a big musical. The independence of Kwangsi, which ha house; Robert Newton Lynch, vice-pre- been declared on March 15th, 1916, was aident and manager of the San Fran cancelled as from November 4th, 1920, cisco Chamber of Commerce; Charles C. and the political situation, in the south Moore, formerly president of the same, west has thus been altered in most organization and of the 'Panama Pacific important manner.
International Exposition Company," and The dominant feature in the district's head of the engineering firm of Charles commercial life during the year was the C. Moore & Co.: L. R. Cofer, director. attempt made to suppress the opium of the foreign trade department of the traffic and the seizure by the authorities Wells Fargo Nevada National Bank: C. of 278.205 taels of opium in the neigh.. Hume, director of the chamber and bourhood of Poseh, which was aver firm of F. E. Booth Co. and Willard official ja the fish naning and packing considerable achievement in view of the many embarrassments with which the Wayman and McClure Kelly, leaders provincial government was faced, not in the insurance hasiness of San Fran only caused much perturbation locally, but also sent echoing tremors very far afield. Its cumulative effect was akin to form of creeping paralysis, which slowed down and stopped the movement of cargoes, and, by reducing the capital available for the conduct of business in general, seriously crippled a number of leading merchants and rendered some of them actually insolvent. The locally
cisco..
It is better to have a castle in Spaid than a profiteer's mansion in the south of Frapec.-Mr. Galsworthy,
YOU ARE JUST AS OLD
published Ling Pias Pik Pas estimated as you feel. A pair of correctly fitted glasses the losses in connexion with the opium si a powerful factor in making you feel young- traffic at got less than 82,000,000; and t
has since become public property, that Efficiency demands that you wear glass if cotton yarn dealers, who are in the
hebit of disposing of their stocks on five your eyes are not perfect. Fully fifty por cent months credit, were amongst the heavi of the people who do not wear glaser should do est losers. It would be improper to view
this occurrence from the standpoint of so. A great many are unaware of the real con- those who chose to make a livelihood dition of their eyes until the examination is out of an illegal trade, but at the same
timo regret may be expressed that such made. The Hongkong Optical Co., Succestors
heavy blow should have been dealt
to business generally at a time when to Clark & Co. Refracting and Manufacturing
as an inevitable and unavoidable conse Opticians, located in 53, Queen's Road Central, quence of the economic derangement
occasioned by disturbed domestic rol have the equipment to test your eye accurately. tics, trade was going ahead slowly, and
painfully with buying.at Hongkong and Torting the night and fiting glassee is their up-country canons beyond all recent relazire business-ADVE,
Gez
APPOINTMENT
Apollinaris
NATURAL MINERAL WATER.
A
NOW AGAIN OBTAINABLE
Since its foundation in 1872, the Apollinaris business has always been BRITISH-OWNED.
THE APOLLINARIS CO. LTD.
Obtainable at:
M
THE HONGKONG HOTEL
THE REPULSE BAY HOTEL
and all leading Clubs & Stores.
"Sold by:
LANE, CRAWFORD & CO
NOTICE.
MESSRS, GILLARD & CO.
HAVE GREAT PLEASURE
an informing the
PUBLIC
"that they have just received
THE WARRANT OF APPOINTMENT
.: AS
SAUCE and PICKLE MAKERS
TO
H.R.H. THE PRINCE OF WALES THESE SAUCES and PICKLFS
May be obtained from
LANE, CRAWFORD & CO.
and
All other Stores.
*SHOULD THEY BE UNOBTAINABLE FROM YOUR DEALER, PLEASE COMMUNICATE WITH
DONNELLY & WHYTE,
TEL. 636.
THE STANDARD LIFE ASSURANCE CO.
1129]
£1,000 on attaining the age of Fifty-five. Premisms moderate.
Particulars from
Conditions liberal.
DODWELL & CO., LTD., AGENTS,
2, Queen's Buildinga.
New Shipment of
DUNHILL'S GOODS
"
Standard Briar pipes: Shell Quaint shaped Ladies
Pipes in cases."
Cigarette bolders. Oilslik Tobacco pouches.
Pipe gloves........ Carbon cutters. Tobacco caddies.
My Mixture.
Standard Mixture. “ Cuba Havana Mixture.
Tabaqueria Filipina,
38, Queen's Road Central.
989
JustReceived from Manila
A Fine Assortment of
HEMP HATS for LADIES in different shapes and assorted colours Inspection cordially invited, SWATOW DRAWN WORK CO., 14, Des Voeux Ed. Central, Prom No, 2560.