THORNYCROFT
AND CO., LTD.:
SHIPBUILDERS AND ENGINEERS
London, Southan.pton and Basingstoke.
THE HONGKONG DAILY PRESS, MONDAY, AUGUST 21st, 1922
PASSENGER ÅND CARGO VESSELS OF ALL TYPES UP TO 6,000 TONS. OCEAN-GOING TUOS, MOTOR BOATS (SEA OR, KIVEE) · UP TO 50 KNOTS.
TURBINES AND REÇİPROCATING MACHINERY AND PROPELLERS.
MARINE AND STATIONARY OIL ENGINES
S TO 90 B.H.P.
MOTOR VEHICLES 2 TO 6 TONS.,
WATER-TUBE TOILERS.
FOR QUOTATION, APPLY-
10. KIUKIANG ROAD,
SHANGHAI.
TENNIS
SHOES
Made with the NEW CREPE RUBBER SOLES which are light in weight, very durable, unsh, Fring milled to a grisly texture will NOT CRACK in wenzand will withstand the war and tear en band courts.
WE CAN NOW SHOW YOU A SPLENDID SELECTION OF TENNIS SHOES IN ALL STYLES AND SIZES.
MACKINTOSH
& CO., LTD.
MEN'S WEAR SPECIALISTS.
Alexandra Building.
Des Vœux Road;
OUR EXTRAORDINARY
SALE
NOW PROCEEDING.
PRICES CUT DRASTICALLY ! Wonderful Bargains.
V
SEIZE your OPPORTUNITIES when you see them-VISIT THIS SALE-TO-DAY.
THE SINCERE CO., LTD.
FURTHER REDUCTIONS
AT
WHITEAWAY'S SALE
GREAT
HALF PRICE WEEK 21ST TO 26TH AUGUST,
$30,000 worth of Goods to be Cleared this WEEK at HALF PRICE. INCLUDING
MILLINERY.
DRESSES,
BOOTS AND SHOES,
FANCY GOODS. ETC.
THOUSANDS OF ODDMENTS.
STOCK MUST BE CLEARED.
DO NOT MISS THIS OPPORTUNITY
SHOP AT THE BIG VALUE” STORE
WHITEAWAY, LAIDLAW & CO., LTD.,
HONGKONG:
SHANGHAI IN 1921.
SIDENT LI YUAN HUNG. AN ADMINISTRATIVE COUNCIL
FOR CHINA!
OF SHOP SOILED
in spite of the frantic husto in which MOVEMENT AGAINST PRE-CLEARANCE SALE residences were being constructed. Frem AN INTERESTING REVIEW, the report of the Shanghai Municipal Council we learn thaksat the end of the The Report of the --Commissioner of year 614 blocks of Nulldings were in parts- Customs at Shanghai on the trade of the Lgress in the Settlement alone, including port is introduced hỷ the following 933 foreign dwellinghouses. Upon rezda - observationi,
outside of the Settlement there were 'com. The Asiatic News Agency writes:-Im- The announcement that the revenite|pleted some 165 residences. In the French portant information has leaker out from collection of 1921 exceeded the record | Concession 353 föreign-style residences | the headquarters of the Loyang War Lord established in 1920 by over 1 million were built. The French Municipal Coun- concerning the Feking Government. The Haikwan taels occasioned no little sur.cil issued 1,646 building permita during report says that since bis restoration to prise in many quarters. Not only was the year-1,019 for · Chinese owners and the Sinhua Palace, President LiYuan- the whole world still suffering from the397 for European,
hung has been.' zeting—especially in the erisia which developed in the middle of
appointment of Civil Governar 1920, but the internal conditions of China
Hupeh, Kiangsu, Shantung and other were anything but favourable to trade.
provinces which are under the control
RISING PRICES,"
With so much activity it is bur natural
for
The year opened with the famine, still that the cost of labour, building materials of the Chihli leaders,-in a way which is
help.
Added to these disaster wet a series of political disturbances in Central and
CHINA'S CAPACITY FOR TRADE.
and other commodities should remain' high [Cosuparative wholesale prices are considered to be rather antagonistic to shown in a table in the form of index- the interests of his Chihli supporters. The numbers taken from figures compiled by opposition to Admiral Tang Tiang-min
by General Hsino in Wuchang, and, the Bureau of Markets.
year.
VIROS
C&50%
remained. high
spheres of influence but for the sake of inducing foreign capitalists to groot a big loan to China the militarists will reunification of China. then send out telegrams announcing the
14
2x
NOVELS
AT PRICES UP TO
THE NEW
$1.00
EDISON
13271
Is the only Phonograph that oan sustain direct compari son with Living Artists.
EDISON MUSIC STORE, 1st Floor, Powell's Building.
INSURE WITH
THE
OCEAN
ACCIDENT/1,GOARANTEE CORPORATION, TOMITE
ACCIDE
raging in the northern provinces, and although the harvest brought relief in that section, fresh misfortunes in the form of foods visited many parts of the Yangt Basin during the summer and autumn, inundating large stretches of country and
While foreign merchants were being General Wa Pei-fu's latest tirado against doing great damage to the crops, which difficulties of every desciption in their Tang Shao-yi, to head the new Cabinet in
beset with cancellation of contracts and the selection of the Southern Tader. M 11, Beaconsfield Arcade. in the early suminer had given promise of good yields. The, rice fields of the low attempt to maintain their organisations, Peking, are reported to be part and: lying districts of South Kiangsu and many landlords and sub-letters were pro-parcel of this anti-Li Tuan-bung move- North Chekinng were flooded for wreksviding additional burdens by forcing up ment. In case, Li Yung-hung be forced to placing many of the poorer people of this roots on both office and residential quar-return to his private residence in the
terse In. densely populater area, in need of outside amounted to 100 per cent, or more within ministrative Council, after the model of these increases British Concession of Tiratsin, an Ad-
the Swiss Republic, will be instituted in Chinese tenants were asked to pay any Peking for the administration of North- West China, which brought uncertainty thing from, 20 per cent. to. 300 per cent. Eastern China and then the twice-dis to trade, with the result that steamer and this alleged profiteering the Chinese solved. This report from Loyang may be increase in rentals. In protest against solveil Parliament will again be dis junk trafie on the Upper River was inter Tenants Association was organised, which premature; but in view of the actions of rupted and trade with Szechwan was prac tically paralysed. Many forvien export-appealed to the authorities, presenting the Chihli leaders in Peking, there ers who had contracted for Weat China Farious remedial proposals. The Mixed is no lack of indication that certain products were placed in embarrassing Cunit took action in November by issuing situationsby late arrival of cargoes.
a notification stating that the Court would powerful militariste are working against the reunification measures of President Li refuse istress warrants and ejectment and want to defeat him politically. It erders in vertain cases. In the French That in the face of such adverse Concession a Housing Control Act was goes without saying that the military conditions both imports and C3%
leaders are going to divide the various ports should show increates speak, /passed, which was designed to put a stop provinces amongst themselves as theiri well for China's capacity for trade.
to profiteering by sub-letters.
The price of rice The main factors responsible for the throughout the year, ne marked relief advance shown are: the working off of orders contracted for in 1919 and being brought by the aes harvest because 1920; the industrial development, which main rice districts. The price fluctuated of the damage done by high water in the has taken root and which accounted for between $10 and $14 per pieul. Hoarding large importations of machinery: thu and profiteering in this essential food vitality of China's ever-increasing list of esperis; and be reaper al est af product caused the Municipal Council to WITHDRAWAL OF THE Europe, both as a buyer of China's pro- all rice shops from the 1st July. This inangurate a scheme for the licensing of
FOREIGN POST OFFICE. ducts to replenish her denuded maracts order precipitated a strike of all rien and as seller of manufactured goods merchants with the settlement, which,.
A JAPANESE PROTEST. With the extremely low mark exchang happily, was terminated within a few ruling during the year, varying from 50 todays by comprumia scheme being effet
Reuter's Correspondent at Tokyo auys: 200 marks to Shanghai tal. Germayed which was satisfactory to both parties. the Japanese Post Offices in China is The Government's decision to withdraw made great strides towards regaining some of her lost trade. This advantage
regarded by the tonjority of the Japanese must be regarded as temporary is char
traders resident in the Republic with noter, however; an "it tends to diminish A phenomenal feature of the year was much concern. as wages increase and is also offset by the opening of over 100 stock and produce after the abolition of the Japanese postal They are afraid that, the handicap which lower exchange im-exchanges, with an aggregate capital of services in China, the Sino Japanese poses on the purchase of raw materials about $135,000,000. An appalling amount trade will suffer no small inconvenience, abroad.:
of harm has been done by this "mash- and even loss, unless some special remedy The volume of business don, however, rooni" growth is large blocks are is adopted having due regard to the fact did not, en the whole, bring prosperity necessary for their operations, the rent that the Sino-Japanese transactions in to importers. Because of the fall in problens has been further aggravated; the different Chinese localities have hitherto prices at home, coupled with the drop gambling spirit, of which there is too been made almost entirely through in silver, many native dealers, absconded much in Shanghai at any time, has been or baldly refused to take delivery, leaving fostered, fortunes have been lost, and in offices instead of through banks.
The residents will shortly send their importing houses with large stocks of some cases suicides have followed. Wild cargo which they were forced to convert speculation in all staple commodities by executive committee to the Home Govern. at heavy loss. It was a year of road mexperienced men with no knowledge of ment, with a written appeal in this justments, many native dealers and home the law of supply and demand has tended pect, manufacturers also sharing in the fosses to disort the markets, inccuse prices, and sustained. Attempts were made by var-restrict ordinary business. The tendency fons importers to pool, their interests in of the native banks to raise interest · JAPANESE THE WORLD'S order to sell to the best advantage. The rates, which reached 25 per cent per POOREST CITIZENS, most successful combine was formed by annum, the highest known to the port. some of the metal dealers. who, by setting served to check gambling operations fair prices, succeeded in competing with somewhat. With such high interest rates) Acc.rding to the returns published by` the falling markets at home and unloaded prevailing, moving of cargo on borrowed the Finance Office at Tokyo, the Japanese most of their stocks, Many importers enpital ceused to be attractive. Although are the poorest citizens in the world, as were unable to stand the strain and effective government restrictions may not the following table of comparative na elused their doors, while others in their be forthcoming, time itself will no doubt tional wealth, atteste struggle to survive cut down their serve to eradicate the purely speculative personnel and in other ways- reduced their overhead expenses.
THE PHENOMENAL CROWTH OF PRODUCE
EXCHANGES
Japan Britain.
Toxio, August 8th.
Per head..
Gross wealth (Yen) (Yen).
Countries,
: 86,600,000,000) 92 1,530 260,000,000,000
7,009
5.578
4,8923-
£0,000,000,000 .....168,000,000,000 -
1,033
2,726.
America France
Italy
Germany Belgiumi
700,000,000,000
.......200,000,000,000
21,000,000,000 3,180
PENANG'S AMBITIOUS
SCHEMES.
MOTO
FICEL
BAGGA EMPLO
SHANGHAI OFFICE-
DA, PEKING ROAD. AGENTS for Hongkong
and South China, DODWELL & CO. LTD. TELEPH. 1030 2. QUEEN's Blon...
VETARZO MAMĢISE" BAAMH):
AND HER FOOD remedy, inaingi Johanna er Tatarra Bemalise Da· Gospel.
Jake MoW, K. Landas,
MALA'OMSTERT, AZFGEANTOINHOA YA
PELLA PUR TH
INVALUABLE FOR 'DIRNAMES of these IXPORTANT. DABARI, GRAVE, BACK, Door, RaschatIEK Pause. lending Curways or Prat Prae Da. La Cute Kal Everstock S.W. Lesden,
DR. LECLERC'S CITES AND LURTS
PREPAID" WANTED ADVERTISEMENTS
Letters are lying at this Office for
Bases QV RF, RU, RW, TH, TU.
WILLe Furt to in acidental ex- charge of bathing it at Stonecutter's Saturday. Adgust 12th pleaser communicate with the her party, s T.W. c/o Daily Prva Uffice
APPLICATIONS for positions wanted.
from LCS, students who have 'completed.. half or more, of course of training. Send particulars in writing to PO Box No. 485...
FOR SALE.
(926
waterfront at Swatow with modera ?
exchanges, laying the few sound instit tions handling actual commodities to maintain in Shanghai a free market for DIFFICULTIES OF FORZLUN BANKя. With auch unsettled conditions it is produce und manufactured goods, b
The high rates of miterest-prevailing nel strange that foreign banks should also tave come in for the share of the throughout the year were responsible for dificulties. An example of the serious opening of numerous native, banks ness of over-speculation on the silver ex-and trust companica. The latter appear change was furnished by the Shanghai to be developing into combination bank brunch of the Philippine National Bank, and warehouse concerns, Roancing aad which was forced to meet a loss of storing "targoes for their clients, and in 811,500,000 (silver) at the beginning of the many cases conducting the sales as well. year. Values fluctuated to such an ex- -THE REQUIREMENTS OF THE FURTHE. tent that it was next to impossible to decide what margin was necessary for hand. In Shanghai has emphasised the The expansign which is seen on óvery. security, which accounted in part for the necessity for formulating schemes to meet Times says: Mr. Williams, the Municipal The Peanng correspondent of the Straits extraordinary tightness of the Shanghar money market. Some degree of Guancial the requirements of the future. Of electrical and tramways engineer, states uncertainty and loss of confidence in cational importance was the investigation in his report for 1991 Negotiations have Foreign banks was occasioned during the International Committee of Consulting struction by the Penang Municipality of of the Shanghai barbour made by the beer practically completed for the con- middle of the year by the suspension of Engineers, which submitted its report in a large power station on this new Prai specic payments, on the 30th June, by the November. In brief, is recommended the wharves, from which Penang will be sap- AND, approximately 7,000 square feet on Banque Industrielle de Chine Chinese banks, theretofore content in holding the deepening of the South Channel through plied by means of submarias cables. The toried brick and sónerate building aitable for reserves in foreign bank notes then do the Fairy Flats in the Yangtze estuary station has been designed for an ultimate us and godowal manded silver, as did algo a large share to permit the passage of ships drawing capacity of 125,000 horse power, which is Further detaile of the public. The consequent demand 2 feet, the improving of the fairway capable of dealing with the whole of Pro was responsible for a shady is in the depth of the Whangpoo River to a depth vince Wellesley, Penang and possibly price of that metal during July and was of 20 feet at lowest low water, and the parts of Kedah. There will be electric no doubt an important factor in the construction of suitably equipped public cranes, etc., at Prai wharves, for the quick silver, market throughout fatter ball whares. 14.
loading and unloading of vessels, work- of the year
ed by current from the municipal station. The rapid growth of the business and It is hoped to reduce the cost of electrical Oving to the uncertainties of trade, population in the International Settle energy to a low figure for industrial many Chinese capitalists diverted largement of Shanghai has brought about power purpose and attract new mills and suma to the buying-of land in Shanghai serious traffic problems. The acateness of factories to Penang and its immediato environs, A land boom the situation increased during the year. was started and prices.soared to heights The Municipal Council is endeavouring hitherto unknown. A piece of land near to solve the problems by instituting new
Boiler 4 ft. 9 inches din, 6 ft. f inches loug the Fund sold for the high figure of traffic regulations, hastening the widen Shanghai Tis. 300,000 per mou, which, ating of roads, and building, now bridges, newals fund: The tramway system is 471, Hongkong.
For further partienters apply to PO Box the exchange of the day on which the which work is proceeding as rapidly as being converted to railless electric cars,
[1385 deal. was closed, amounted to approx finances will permit. The development of meanwhile petrol motor busses are being mately 300,000 per acre. Coupled with China's natural resources and the exten-used. The revenue account showed a the land boom there was great building sion of its transportation system cannot deficit of 815,886. The cost of providing activity, with office buildings, residences, be delayed indefinitely Progress is des an improved and more expeditious service
LAND BOOM.
TILAFIC PROBLEMS.
O. HUMPHREYS & Co
FOR SALE TEAM LAUNCH Dimensions, Lengthr Overall 65 It, Beam 10.It. Depth 5. inches. Full of Hardwood muderwater with Teak top, sides, & deck. Frames of Ipol.
The accounts for the year's working of the electric supply to Fenang showed a balance over, the expenditure of 16,911 Speed kacts. after carrying $25,000 to reserve and re
Engines 61′′-15′′
PLATE GLASS WINDOW.
godowns, and factories springing up on tined to take play at an accelerated eft no expectations that the tramways delay Looking through my
Torio
Jenson
a ne plate glass
wards the general municipal funds for a window," said an American lady, in the few years.
course of her remarks while in a fram- car the other day.” She said"" "just "the"
ment alone as many as 5,314 building per far beyond the city of to-day T mits were issued, involving an estimated value of more than Shanghai Tis. POSTAL AND TELEGRAPHIC NEEDS. 21,000,000, a figure double that of 1920. The decision of the Postal Administra With the completion on the Bund of the tion to build a new head office is evidence. new homes of the Feugkong and Shang of -progress and development generally Probably the oldest living thing in the night thing. It cost a bit more to build hai Bank; the C. Daily News, the The old office, built in 1907, has of late, world, older than the Cedars of Lebanon, a plate glass window and it cost i bil Chartered Bank, the Yokohama Specie proved inadequate to meet the rapidly or any of the giant sequois of California,
Bank, Messrs. Jardine, Matheson & Co., expanding postal needs. In January an is a cypress tree recently discovered and more to make a pair of Torio Iznos than and the Glen Line, Shanghai's water agreement was reached between the measured by a "naturalist in the church the ordinary fiat kind. Tories are more front will present quite an imposing sky- Federal Telegraph Company of a yard of a small town in Mexico. The than worth the email diference in cost liner
Francisco and the Chinese Government diameter of its trunk fs-501, 141. more
The already congested living conditions, for the installation of trans-oceanic than that of the largest known saquoia to you in the added comfor with the resultant high rente, were for alation of 1,000 kilowatte at Shanghai and Judging-from a similar cypress, which from their use. Torie lenses ther aggravated by the infix of thou the erection of four secondary stations al was found when cut down to have 200 prescription sie manisatore sands of refugees from Biberis and from Harbin, Peking, Bhanghai, and Canton year rings for every foot of growth, the inland centres for Chine, when gight respectively. The contruct provides for big cypress must be 6,000 years. It is ongkong ing wis going on. The persistent operation under joint partnership for 10 still flourishing, although it, was a well- demand for both lofeign and Chinese years, after which time it will become the grown tree when the Pyramids were ing Opticians 63, houses continued throng the rear property of the Chinese Government being built.
Clark & Co.,
#ADVE
derive