Page
THORNYCROFT
JOHN Í THORNTOROFT # OO, LIMITED.
SHIPBUILDERS and Eroinmun05,
LONDON, SOUTHAMPTON AND BAWINGSTOEN.
Shanghai Office: 10, Kiukiang Road.
THE HONGKONG DAILY PRESS, ERIDAY, AUGUST 26TH, 1921
15 B.H.P. 30 B.H.P. 50 B.H.P. Engines
in Stock
For quotation apply-
SHANGHAI OFFICE..
MACKINTOSH'S
ANNUAL SUMMER
SALE
COMMENCES AUG. 27th.
FOR ONE WEEK ONLY.
MACKINTOSH & CO., LTD.,
Men's Wear Specialists,
16, Des Vœux Rd. Phone 29.
EXPANDED METAL
FOR PLASTER WORK'AID ZE-INFORGED CONGRETE CONSTRUCTIDA
AS
USED IN
NUMEROUS
MPORTANT
WORKS
FOR
FLOOR.
ROOF,
FOUNDATION,
WALL,
ETC.
GREAT BRITAIN and AMERICA. STOCK LIST, PAMPHLETS, AND PRICES" ON APPLICATION, Qnessklona'tor Ganeription of Machinery or Engineerbig That on appllation to DODWELL & CO. LTD. Machinery Dept.
FOURTH WEEK
OF
89]
WHITEAWAY'S SALE.
Fi
Monday, 22nd to Saturday, 27th August. FRESH BARGAINS OFFERED EVERY DAY.
HUNDREDS OF
LADIES' BLOUSES
DRESSES,
COSTUMES,
will be offered this week
AT
HATS
QUARTER PRICE.
LADIES DO NOT MISS THESE ABSOLUTE BARGAINS.
TERMS CASH : NO APPROVAL
No accounts opened,
WHITEAWAY, LAIDLAW & CO., LTD.
HONGKONG.
21150
AFTER TEN YEARS.
[BY A DWELLER IN THE INTER LOR.J
"REPUBLICANISM IN CHINA. the country can reach a very high place until the individuals learn to forget the is face'
that is now so dear' to them. (Were "face" synonymous with good character or straight dealing, bow grand an institution it would be) Until that universal love of "face" is diminished, Chiness will not learn the difference it makes whether a thing is done properly or not. "Face" must be saved at pre- sent even for the laay coolie. He may be gently dismissed on some collateral pretext, "but he must not be told off for his half-done job...
IV. THE BUSINESS MAN,
WORLD THEATRE.
UNDER ENTIRE BRITISH MANAGEMENT
lationship to prosperity or otherwise. An interesting question is the re of the complicated written language, As long as each little area remained self- contained, it did not much matter how TO-NIGHT deeply the business people had gone in their literary studies. But with the in- creasing contact with distens towns and the growing consumption of foreign goods a wider education becomes neces- saty, and one wonders whether in the course of that, the graceful ideograph and the stranger grass character will nos have to yield place to less eumber some mode of correspondence.
But compared with the questions which have their roots in calibre of the moral
character of individuals, whether officials
The business man of Kwangtung whether he be engaged in large business or in small, or in manufacture by 'old or now methods, contrives, in spite of the great military, incubus upon him, te maintain his importance. Let it be stated at the outset, that conditions of commerce are very different fortwu men, one of whom is in Canton and the other in the country The man in Canton has opportunities and problems bound up with the ever-growing close, ness of intercourse with the West," which are not yet felt further away. Easy access to Hongkong is a gain in many ways, but it introduces new condi- tions of trade, and inevitably, a rise in the scale of costs. The existence of the foreign-managed Chinese Maritime Cus toms is a great boon to merchants in the treaty-ports, for they are thus en- abled to evade, legitimately, the ham- pering likin system, which lies very heavily upon the business man of the interior. An example of this is the fact that a man in the treaty port of Samshui (with goods to ship to Nauning (anothër treaty port) finds it cheaper to load his goods on the down-river steamer to THE JAPANESE STEAMSHIP Hongkong, and pay the export. Customs dues, having his "goods remain on the ship to pass through Samshui on the retorn journey, be transhipped Wuchow, and so to Nanning, there pay- ing the import Customs dues, rather than to send the goods direct to Nanning upriver. By the visit of the goods to Hongkong they become tech-
exported nically
"imported and goods, and are thus dealt with by the Maritime Customs under foreign con- trol, instead of passing through the rapacious hands of the likin men.
The merchant more than saves the extra cost of transport for the double journey, be-Shosen Kaish tween Samshu and Hongkong.
or coolies, other pressing difficulties in the way of progress in this Tenth Year of the Republic fade into insignificance.
ני
COMPANIES.
At SUGGESTED AMALGAMATION.
.
Mr. Matabachiro Tachikawa, a share- bolder of the Nippos Yusen Kaisha and the Osaka Shosen Kaisha, and proprie- tor of the Tachikawa Kisen Kaisha, ia continuing a movement for the amal-
gamation of the Nippon Yusen Kaisha. Kaisha, and the Kokusai Kisen Kaisha the Osaka Shosen Kaisha, the Toyo Kisen
in spite of the fact that the idea has the Nippon Yusen Kaisha and the Osaka long since been publicly repudiated by
Mr. Tachikawa has addressed n'ques- tionnaire to the shareholders of the two companies, and so far as replies thus far received are concerned, 700 of the N.Y.K. shareholders, covering 240,015 shares, and 1,194 of the 0.8.K. shareholders, cover ing 435,442 shares, have expressed them- selves in favour of amalgamation. The questionnaire will be closed, at the end of this mouth. when a committee of 50, comprising 15 representatives each of the N.Y.K. and 0.8.K, shareholders and 20. representatives of the shareholders of the Toyo Kisen Kaisha and the Kokusai "This com- Kisen Kaisha, is appointed. mittee will be authorized to approach the management of the companies con- Cerned, with the amalgamation proposal.
But the man in the country, not in a treaty port, has other difficulties besides the irritating exactions of the itin system. Labour is cheaper, and there are not yet the same organised labour arrangements to hamper manufacturers and merchants. Businesses are not on the same large scale, e... General Stores such as those on the Bund at Canton do not exist But transportation is generally by river, and slow, though a few towns in the province are touched by railways. The trader's difficulties arise, very largely, in the interior, from the unspeakably bad arrangements of so- called Government. (Be it remembered this article does not deal with Canton or the treaty ports). A merchant com- It is the consensus of opinion that mences a line of business, and after a amalgamation of shipping companies iz while he suddenly finds that some petty necessary, says Mr. Tachikawa, the pro- military officer thinks a "squeeze" pos- moter of the amalgamation movement, sible, and so demands a royalty on owing to the absence of a
but the plan is making little progTCBB item: dealt with: so, of course, this scheme, though the need of amalgamations good concrete must go up to his customers, while po sibly a rival house remains free from is recognized by the authorities.
I have been endeavouring to pave the why the imposition. Or large, contract is way for amalgamation. Some say that my let for labour, and one fine day hardly plan for what is known us
bare any of the workmen appear. It turns gamation is designed more for the dis out that a political move-is-in-the-air,tribution of the reserve funds among and the authorities are. impressing as shareholders than for the good of the porters every man who dares to show 'companies concerned, but this is due en- himself in the streets. This condition tirely to misapprehension regarding the of affairs may last for two or thren nature of the bare amalgamation. weeks.
Another effect of the gross misgoveru- meat is in the prevalence of robber bands who hold the country roads and rivers in their grasp, and either rob or blackmail every party and boat that ventures to pass. Small wonder that communication is uncertain.
squeeze,
If there is a better plan, there is. of course, no need to stick to the "baro' plan. But there are several reasons why the special funds of the companies should be disposed of before they are .63,000,000 in the possession of the Nip. amalgamated. The reserve fund of
pon Yusen Kaishs represents the fruit of labour during the last 30 years, and tan Osaka, Shosen Kaisha also has a fund of Y.30,000,000.
A principle upon which recent officials work would seem to be this: to encour age men to commence business and allow
What is essential to a shipping enter- them more or less to escape squeez-prise is routes, vessels, staf, end busi- ing" until the early financial difficulties ness offices. Capital is to shipping what are overcome and good return a boil is to machinery. ginning. By this time the capital has of good oil can work the machinery
A small quantity been sunk and the man or the firm is Largen capital is better, but it should committed to the scheme. Now`comes not be forgotten that excessive capital Mr. General or Mr. Magistrate to begin sometimes does damage.. The Nippon his "
and gradually to increase Yusen Kaisha owns many shares in the. it until bois getting all the profits and Yokohama Dockyard Company, while the the unfortunate merchant is obliged to Osake Shosen Kaisha is a large share close, down and cut his loss.
holder in the Osaka Ironworks. This is one of the signs that-the capital of both As long na a business is carried on zlong the old-fashioned family idea. Companies is excessive. In the future is where, the managers and employés are all is important that ships should be built connected with the same clan, there
cheap, but the companies may be denied freedom from oue great source of risk closely interested in
this
advantage, as they are themselves All those in the firm have the same
particular ship yards. interest in seeing prosperity, for all benefit by it. But when it comes to tained by ariling some of the offices own- Sufficient working capital can be ob partnership with outside folk, to fended by the shipping companies concerned, ing money to other peoples' businesses. They all exist in prominent places. and then enters in the immovable innate if those which will become unnecessary: Chinéso selfishness. Two restaurants when, amalgamation is effected are sold, were approached for their terms to pro- considerable amount of money can be vide a feast on private premises. A obtained, offered a very good menu and made no "Further, it is difficult to bring to bones about the difficulty of working at terms a company which has a reserve a distance. B. offered a much inferior fund and a company which is in debt. Dienu and seemed to object to catering a order to make things easier on this anywhere but at their own place. A's point, it is better to strip the companies price was 20 per cent. below B's These are the principal reasons why concerned of all obligations and rights. although B was a large firm recently bare" amalgamation is preferable.'' established and presumably anxious to Japan Adveriser. build up a business. The great differ ence was explained as being due to the
fact that B. was a kind of joint stock
business, while A, was a family business. THE METHOD OF MOUNTING All the employée at A. would gain by spectacle glasses is of the greatest increased trade, but the employés at B. would get just the same whether a
importance," writes Dr. C. Hartridge, particular job was undertaken or no F.B:0.8., Ophthalmic Surgeon and and hence they were not likely to incan-Lecturer on Ophthalmic Surgery to the venience themselves over the matter. Westminster Hospital," they must be
Industrial development, at least along
occidental lines, is to, sama extent accurately centred in frames that are hampered by Mr. Chairman's moral
character, and will be indefinitely post light, strong and fit well, otherwise the poned until he realises that prosperity good effect of the most carefully chosen does not come from seizing every op correction may be entirely frustrated by portunity to benefit himself at whatever faulty position of the glassca, or Oven expense to others. It is a strange,
Ty short-sighted policy that. will a fresh source of eye-strain may be intro. induco, a carpenter to put a piece of bad duced" The Hongkong Optical Co., wood into some article, and thereby successors to Clark & Co., Befracting and squeeze fifty cents, when a really satis Manufacturing Opticians, located in 63, factory job may be the means of getting Queen's Road Central, have the equip a lot of work in the future. And meat and instrument to adjust your meither the trade nor the government of spectacle to a nicety--ADVE
9,15 p.m.
THE GREAT BATTLE"
A GAME CHALLENGER
TO-NIGHT
"A MAGNIFICENT FIGHT”
FRIENDLY RIVALS.
DEMPSEY V. CARPENTIER
in 5 parts.
MAX LINDER as a DUELIST.
PRICES
$2.00, $1.50. & $1.00
Booking at Messrs. MEHTA & CO., Hongkong Hotel Buildings,
Next to Thos. Cook's.
BY
APPOINTMENT
[1160
Apollinaris
NATURAL MINERAL
WATER.
Since its foundation in 1872, the Apollinaris business has
EI
ALWAYS BEEN BRITISH-OWNED
THE APOLLINARIS CO. LTD.
Obtainable in Quarta, Pints & Splits at
HONGKONG HOTEL. REPULSE BAY HOTEL.
Sold by
WING ON CO.
SINCERE CO.
EMPRESS STORE, KOWLOON, and all the Leading Clubs & Stores.
LANE, CRAWFORD & CO.
WHY SHOULD
ONE DRINK
No. 10
WHISKY ?
BECAUSE
ONE OUGHT.
HA HA!
728