滋
DODWELL & CO., LIMITED
REGULAR SAILINGS TO NEW YORK & BOSTON for NEW YORK & BOSTON via Suez
-**-* BOWES CASTLE ”2
** .* EGREMONT CASTLE” **-.** DACEE-CASTLE ” ...
-mailing-on-ar-about--8th-Dee." sailing on or about "End Dec. walling on or about End Jan.-
LLOYD TRIESTINO.
· TAKING CARGO ON THROUGH BITES OF LADING FOR. LEVANT....... BLACK SEA & DANUBE PORTS
FIUME having been re-opened for traffic, cargo is also accepted for this port on through Bill of Lading,
Ai
**** NIPPON "✰
1.2. CILICEA”
** TRIESTE"
FOR SHANGHAL
FOR BRINDISI,
"NIPPON"
1.1.
"" CILICIA”
14.
"' TRIESTE".
14
ар
་་་
sailing on or aboar 37th November.
sailing on or about $3rd December. sailing on or about Beginning Jan, 1990, VENICE & TRIESTE
***
sailing on or about 10th December. sailing on or about 10th Jan. 1922. miling on or about End Jan. 1922.
"Passengers" Luggage can be insured at the Office of the Agents.
NATAL LINE OF STEAMERS.
fy.
sabing middle of Jab,
“UMSINGA
Sailing from Colombo to South African Porte- SOUTH AFRICAN FORTS Lom CALCUTTA & COLOMBO. Throngh a (Byl of Lading issued from Hongkeng.
For Freight or Farmge on any of the above. Ifines apply to :—
DODWELL & CO., LIMITED,
N.
Agenta.
Y. K.
NIPPON YUSEN KAISHA
· KALLERUS-THON KONČKONG KULJHOS PO'ARTHRATION."
VICTORIA,”- SEATTLE & VANCOUVER
SUWA MABU (calling Manila)
KASHIMA MARU
FUSHIMI MARU
IN
MARSEILLES, LONDON &
Colombo, Suez and
HAKONE MAKU
· YOKOHAMA HARU
YOSHINO MARU
MISHIMA MARU'
Saturday,
Tuesday Saturday, Wednesday, ANTWERP vis
Port Said.
Friday,
Friday,
Friday,
Friday,
HAMBURG, vis LONDON & BOTTERDAM
via
DALEY PIESE JHEIDAY, NOVEMBER' '85rm, 1991;
HOW TO REGAIN PROSPERITY,
PRODUCTION, ECONOMY, LOWER TAXES
SIR P. RYLAND'S POLICY.
Sir Peter Rylands, president of the Federation of British Industries, speak ing as the principal guest of the Scottish districts of the Federation at & lancheon in Glasgow, in October 11th, reviewed the present abnormal trade depression. He suggested that, provided rigid Govern- ment economy could be ensured, nothing would be more helpful to the nation at the present momen than to reborrow the debt that bad been paid off during the last 12 months, and limit the general
taxation of the country as far as pos sible.
ROOGNITION OF ERB-WAR : DEBIN.
THE NOTE TO THE ALLIES.
Moscow, October 22nd. The following is the text of the de claration sent by Mr. Chicherin, the Commissar of Foreign Affairs, to the Governments of the Allies regniring the pre-war debts:
INDO-CHINA
STEAM NAVIGATION COMPANY, LIMITED.
MANILA... KOBE
BAILINGS, SUBJECT TO ALTERATION
HAINRONG THROW"
HAIPHONG
STANGHALI SIFSTOF
BANGKOK VISWATOW STRAITS & CALCURTA SANDAKAN-
PAR
"
"LOONGSANGF, 25th Nov... 3.
LAISANG I
LOKSANG
"EN SANGK
...Sat..
26th Nor, Noon. Sun, 227th Nov., 10 a.mi
"WINGSANG "SDL,
"CHUNSANG". Tues.,
shh Nor, DTgħi.
97th Nov, 10 m
29th Nov., D'light
* KWAIJAN ÷” ...Tass, 29th Nov. 3 P. "HINSANG" Fri, 20 Dao, Noon.
"Notwithstanding that the decision reached at the Brussels Conference of the Powers-which decided to grant credits CALCUTTA LINE:-Tois une affords regalar silings to Oloat Fans and
Alagadora; rotu ming from Oslosta stearate proved via diratta Mad Hoogkong to Japan, opa wionally calling at Savagħal All ardadors have excellent, paauger accommodation, are fit:od with Elastrin Light, and Fana di daery « fally-qxaLGE Burgon
Shanghal, sometimes calling at Saw Through tick
to Russia on condition that she recognizes the pre-war debts-has not been com municated to the Soviet Government, the Soviet Government, in view of the starv. 8 ANGHAI LINE-Sailing approximately every dve days oween Cintas ak ignore the details of diplomacy and de- ing masses of her people is willing to
ba be obtained and through Bill of Lading are inrced to all Northern and Yangtare Picts vis Shanyani, FINM-3 weekly service ia masinated wios Wins og vonals with good upprorimstaly waskly for passangers and olega, callis Holbow when inducemeat offers. -
clares that the proposition of recognizing | MANILA
the old debts coincides with the int|PHONG LINES *ccommodation, skilings from both paras avery Fridən
tions of the Soviet Government.
ป
The world, said Sir Peter Rylands, was in a state of financial confusion, and it, must be some little time- year or two years before the consuming power of the-world could be expected to return to normal. If this view was well founded it made it of even greater importance to examine the possibilities of adopting Bome remedial measures which would en- able us to tide over the difficulties of the immediate future, and to consider any cases which might appear to be aggra vating the present trade depression, and if possible, remove them. Trade was im
"However, completely sharing the possible on the basis of a perpetual gamble. Sellers could not enter commit opinion of the President of the United ments in complete ignorance as to the States of America that the establish- probable valge of the currency in whichment of full peace and the successful the transaction is conducted when pay world are impossible without the partici."
struggle with the devastation of the ment was ultimately made,
Nothing, therefore, would appear to be pation of Russ and her 130 million of greater importance than the stabili people, and also that the re-establishment zation of the exchanges. Unforunately without the economic co-operation with of Russia's economic lite is impossible the course of the Continental exchange other countries, the Soviet Government was a matter over which we had very from the very beginning of its existence little control. The suggestion he would throw out was that we might as a nation has made the economic policy. consider whether a little friendly presis in the interest of Europe and Ame "The restoration of Russian industries ure could be brought to bear in this direction. There were other nations. like
rica. The Workers, and Peasants" Gov- our own who were vitally interested in than any other Government. The policy ernment can accomplish this task better this matter who, might be prepared to co-operate with us. We were in a posi- the interest of the widest masses of of the Soviet Government is directed by tion to extend the credit to those nations which they most required, and it might people. Personal and covetous interests
"In declaring this the Soviet Govern- BORNEO ment draws the attention of the toiling. massen sad citizens of all countries toa. the acts of the Brussels Conference, which has made the recognition of the olaTSIN debts a condition for granting credits, BANGKOK in spite of Lloyd George's declaration on August 16th that the exploitation of in his speech in the House of Commons
the Russian famine by compelling Russia. stitute a diabolical design. to recognize her ok debts would con-
be worth while examining the possibili. of individual groups of capitalists de ties of employing the facilities for trade not hinder the restoration of the people's which we offered as some inducement to-economic life. them to make more than their present With the object of satisfying the Shanghai balf-hearted attempts to put their houses interests of the entire working popula in order. The Germans were not raisington, the Sovit Government grants the in revenue one-half of the ordinary er. Private initiative and capital the pos penditure, to say nothing of reparations, sibility of co-operation in the exploita and so long as that went on exchangestion of national resources by re-establish must continue to move in the presenting private trade, private property, con- cessions and leases of large enterprises. The Soviet Government grants the for- interests and to induce it to participate eign capital sufficient profit to satisfy its in the economic life of Russia.
9th Dec, at 11 am. 23rd Dea, at 11 am. 6th Jan, at 11 am 20th Jan, at 11 am
Sunday,
27th November
Wednesday.
7th Dec,
direction.
"Recognizing the Tears' debts the Soviet Government is removing the obstacles in the way of recognizing Soviet Russia and of furthering the economic relations with the rest of the world."
Japan ports Through Bills of Lading issued to all Overland common Folata in U.B.A. and Canada. KATORI MARU (calling Maniha)
Brd Dec, 11 am. 17th Dec.. st 11 km 14th Jan, at 11 am.
8th Feb,
Practically every country in the world Bingapore, Penang, and the movement was calculated to be except ourselves was raising its tarifis, very prejudical to us," and it was a ques tion whether we could not do something to discourage it. With reference to our. own currency, he pointed out that the genetal recommendations of the Currency Committee were in the direction of the rehabilitation of the pound to its pre-war value on a gold basis. Since then he be- Then the declaration proceeds to state lieved thera had been a general medi that notwithstanding the fact that no fication in opinion, and in many quar-revolutionary government in history has ters" it was practically held that the ever recognized the debts of the over- Manila, Zamboanga, Thursday stabilization of our currency at its pre- thrown government, the Soviet Govern
sent value in relation to gold would be ment is ready to do this for the sake all, that would be required to meet the of the lives of millions of starving child- necessities of trade. Another direction and adults and in order to satisfy in which some relief might be found would be provided by an increase in the purchasing power of the community, and in confidence in the final outlook. Much of the purchasing power which we se a nation enjoyed during the past few years, and upon which the boom of 1919 was founded, lay in the large profits which industry was enjoying, much of which went in the form of Excess Profits Duty
MATSUYE MARU .....
LIVERPOOL via MARSEILLES,
KAMAKURA MARU,
́SYDNEY & MELBOURNE via
TANGO MARU
NIKKO MARU
AKI MARU
Island, Townsville & Brisbane.
Tuesday, Tuesday Trendy
Friday
... Monday.
NEW YORK, VIA PANAMA" & OUBAN PORTS.
DELAGOA MARD
TOBA MARU
NEW YORK via SUEZ.
TSUYAMA MARU
20th Dec., at 11 am. 17th Jan, at 11 mm. 14th Feb at-11 8.12.
£5th Nov. 26th Dea.
Find of December.
RIO DE JANEIRO, SANTOS & BUENOS AIRES vis CAPE. BOMBAY ria Singapore, Penang and Colombo,
KAGA MARU
Wednesday, 7th De
CAFUOTTA Vis Singapore, Penang & Bangoon.
MORIOKA MABU
+44
TSUSHIMA MARD ...
11th Dec.
the demands of petty French "creditors, provided the creditors will grant favour. able conditions ensuring the possibility of carrying out the terms. The conditions.
aro:-
"The cessation of threats of military invasion of Soviet Republics and the Far Eastern Republic, and the guarantee of inviolability of their sovereign rights and territorial-integrity. With the pur pose of concluding general peace and re It was estimated that in 1919 the pur.cognizing Soviet Russin, the Soviet Gay chasing power of industry in the formerment proposes to convoke as soon as of Excess Profits Duty could not have possible an international conference for been less than 600 millions sterling. No discussing the demands of both sides. doubt it might have been said that was "Pointing out that attempts to over- a liability which ought to have been set throw the Soviet Government during the on one side and not touched, but at their years of its existenco have utterly same time there was a great shortage of failed and that a new intervention will floating capital, and manufacturers were tend to aggravate the situation of the compelled to use the unpaid Exeese Pra people in Russia and Rurope, the Soviet fits Duty for the purpose of carrying on Government expresses its conviction that their trade. As a matter of fact, for the result of its offer will bring about that period Excess Profite Duty was paid the negotiation of economic and political NIPPON YUSEN KAISHA out of the excess profits accruing during relations between Russia and other Powers in the near future"-Dalia News Agency.
NAGASAKI KOBE & YOKOHAMA.
NIKKO MARU
16th Doc at 11
FYILAY 38th Nov.
Sunday,
...Friday,
Н
*** Monday,
Thursday Saturday,
SHANGHAI, KUBE & YOKOHAMA.
“KUDUST"
MATBUMOTO MARU TAMAGATA MARU ---
**
For further information apply s
Telephone' Nór. 20% Á 193
23th Nov. at 11 am... 1st Dec. 10th Dea
KH KAMEL, Matonger.
YAMASHITA KISEN K
KAISHA.
(THE YAMASHITA S.S. Co.L
REGULAR FREIGHT & PASSENGER SERVICE
BETWEEN
KEELING, HONGKONG & HAIPHONG.
Sailing from Hongkong,
FOR HAIPHONG via Holhow & Pakhol
88. "HOZUI MABU"
on or about 8th Dec.
for KEELUNG via Swatów & Amoy
.8.8. “TAIKWA MARU”
on or about 8th Dec.
The Anther, particulars, ulesse apply tám *Branch Ofoe,
No. 97, Boahath Strand, Went, Tel No. 155,
6. METARAL Top Floor, King Building Tel. No. 150.
the subsequent period, and so long as industry was making profits. there were no serious difficulties but the moment trade became bad and profits ceased there were no funds out of which arrears there was one condition precedent to any of duty could be paid.
Sir Peter Rylands went on to point that was the most rigorous economy in
such remedy as he had suggested; and" out that the operation of the three years' Government Departments. average in income-tax had the same reing of money which would facilitate a Any borrow- sult, so that manufacturers reduced their continuance of Government extravagance operations to the utmost possible extent would be nothing short of disastrous. sad, as far as possible, lived upon their stocks. That must have accentuated the based upon the foundation that, first The suggeation he put before them was depressed condition of trade. The policy and foremost, they must have the strict of the Government in this collection of us and most rigidi economy in the Gov- arrears of taxation at a time when toernment and among the people, and that profits were being made was dictated by they must concentrate upon work of the sound consideration that it was valge. Then, and then only, he believed, desirable to pay off as much debt as pos could we run the risk of reborrowing sible on a value of currency as nearly as the money that we had paid off during possible the same aa that when the debt the past 12 months. After suggesting was incurred, but when it was found in that, as the first prosperity of our the light of experience that the Contin- nation was due largely to our developing ental nations were piling up debt instead the waste places of the curth, so much of of liquidating it, he suggested that we our future prosperity might depend ought to consider as a nation-whether upon our developing the resources of our the policy was wrong, and, if we came to that conclusion, whether it should not be reversed.
Colonies and Dependencies, Sir Peter Rylands announced that a meeting of the He ventured to suggest that nothing London next day to consider some of Federation Executive would be held in would be more calculated to do more to these proposals, and if they received sup- help the nation at present moment than port he proposed to invite them to call to reborrow the debt that we had paid a conference of some prominent bankers off during the last 12 months and to and nancial expects to sea if it was pos limit-taxation as far as possible. It war bible to formulate some serious policy this crushing burden of taxation which which would not only command the con he believed was largely at the root of fidence and respect of their fellow-coun our troubles. He nood hardly say that trymen, but would also prove of some
(Continued at foot of next colum.), practical help..
to and from Sandakan he twɔ, 3,000 tɔna -
LINE:Fortnightly BANG" and Lx * -MAU JANG' dona üben indra
ston mora sa
paving, excellect passenger accommodation Vargó taken `da brough Bills of Lading for Kadat Jesselton, Esbaan Taran and Lahad Datu, LINE-A regular service to can from March to November between TINE.-ekly serving it provide berasa Hongkong and Bangk ik
Hongkong and Tecpain, sälling at Weihaivel sad Onsfoo.
via Swabow, by Tjur ateamace fitted wish up-to-date paciónçóa. accommodation
CALCUTTA
LINE,
KWAISANG " will be despatched on or about Tuesday, 29th Nov., at 3 p.m., for SINGAPORE, PENANG & CALCUTTA,
Through Bills of Lading issued to RANGOON, PORT SWET. TENHAM, MADRAS and DUTCH EAST INDIES,
For Freight or Passage apply to-
PHORA No 916.
Jardine. Matheson & Co., Ltd)
GLEN
GENERAL MANAGERS
AND
SHIRE
Joint Service of Steamers.
U.K.-STRAITS, CHINA & JAPAN SERVICE.
MY GLENAVY " MYGLENGYLE." ALY GLENLUUE”.
· 85 "GLENIFFER”
*OUTWARDS.
HOMEWARDS. Leaves Hongkong
Due Hongkong
11th Dea. 14th Dec,
21st Dec.
Discharges
19th Dea. GOA, LONDON, ANTWERP, BOTTERDAM.
Movenants are subjët to dhange without notice. For freight or further, particulars please apply to:--
Jardine, Matheson & Co., Ltd. The Glen Line, Ltd;, zexi,
Telephone No. 315 web-az, 13 and 8696.
Osbla Addzo88.
Kawakisan, Kobe.
„Bentley's A.B.C. 6th Bd.
and Boott's Code.
KAWASAKI
LISEN
KAWASAKI NI
STEAMSHIP CO CAPITAL PAID-UP:
Telephone: Bansenly
$844 2983.
KAISHA
Prodders M, T. KAWALAKI. Vice-Presidenti Mr. K. ManKUKATA, Managing Director: Mr. MALAYA AKI ne Company has on hand a Large Number of
NEW CARGO STEAMERS
ALWAYS BRADY FOR CHARTERS of all descriptions.
The following are comprimal in the Company's Phot
Blevan steamers of 9,100 fans bach doesn
And, under the Company's Management fo
Twenty steamers of about 9.100 tond deadweight osch.
isteamers at about. 6.400 tons deadweight and
(Helwging so the Kawamki Dockyard: On-Lati)-
You Charter Bates and all other particulars opoly to the
KAWASAKI KISEN KAISHA,
Ha 8, BREED KOLA,