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MANY.

THE HONGKONG DAILY PRESS

BY

PERFECTION SCOTCH

EQUALLED BY

NONE.

SOLE AGENTS

OUR LONDON LETTER.

THE BRITISH GOVERNMENT AND THE BOXER INDEMNITY.

NEW

[FROM OUR OWN CORRESPONDENT.] ̧

Losos, May th

PRISON RULES,

of

MON JAY, JUNE 48,

AMERICAN TRADE IN THE

FAR EAST.

1999.

Mr. F. R. Eldridge (Chief Far Eastern Diviston) of the Bureau of Commerce, reports that general expansion of the foreign trudo of the United States in the Far East during 1929, in the face of strong competition and notwithstanding One markets, a lack of stability emphasises the importance of this part of the work, both in absoring America surpluses and in furnishing the increasing supplies of raw and semi-tropical productă which American industry require

P.&O.BANKING CORPORATION

LIMITED. (INCORPORATED IN ENGLAND 1920) with which is adiliated THE ALLAHABAD BANK, LTD.,

·INDIA....

AUTHORISED CAPTITAL SUBSCRIBED AND PAID UV ... RESERVE FUND

9.500,00 1.750,000

RUSSO-ASIATIO

BANK.

Capital (FULLY-PAID} RESERVE FUND

Ronblea 53,000,000

**

+44

CAITTAL CONTRIBUTED BY THE

26,960,000 Kap. The

CHINESE GOVERNMENT

RESERVE FUND

HEAD OFFICE:

£3,000,000 £2,594,180 £90,000

HEAD OFFICE 122, Leadenhall Street, London, E.C. 3.

WEST LONDON BRANCH: 14-10, Coskapur Street, Tadou, SW, 1.

EASTERN BRANCHES.

Singapore, Hongkong and Shanghai.

Paris 9, Rue Bondrean. LENDON OFFICE:

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BANKERS! LONDON: Messrs. Glyn, Mills, Currie & Co.

Sociote Generalo poar Favoriser la Developpement du Commerce at de ficday- trie on France." PARIS: Societe Genemle pour Favoriser le Developpement du Commereu et de Pindas- trie en France,

de Paris et des Pa-Bas.

Baiete Generale pour Favoriser le Developpement du Commere et de l'Inda trie en France.

New York: The Irving Bank Columbis

Trast Compan

In recent times numerous reforms have been introduced into the prison system of the entry, and now a further steps been taken in the same direction. The convicts in Bedford Prison have been permitted to cast off their hideous garb markel with the

Uro, throngeut China were the targest The United States has broad arrow, tweed suits being served out

for some years, instead. Moreover, the prisoners on taking an increasingly larger share to them.

make their cells were at Chim's silk, while England, the Laiter are encouraged to presentable-orrhaps I should say, States, mil Hussin havi hewn active par repellant by Eanging photographis fridis and relatives, or pictures, on the hers of China's fons during the Bombay, Calcutta, Karachi. Miras, Columbo, & LYONS:

Tea walls and the authorities are sappying year for the first time since 1911

and silk (two important artichs of China furniture of sorts, iuchuling wash-stands.

trade) have had an exceedingly profitable

The Corporation undertakes General Banking The underlying down is to try to help men year for Chinese interests, Exchange has and Exchange Business of every description and undergoing sentence to recover their self heen steadier over a cousulerable print | far schlition to its Branches bas Agencies in all respect. The dreadful looking prison dress of time, which has given trade that marked the wearer as a sovint outcast, i stable character and largely removed th the principal Cities of the workl

particularly from and the four hare walls and small camp-best speculative with mattress hardas irun, were among the foreign trade. Prices have been firm for 23, Dex Vazz Road Central, Hongkong things that were calculate to breed in a

some time, with a slightly upward bu man's heart a sense of hopelessness ency, indicating the passing of the de despair. The experiment introduced by the

pression low point and imparting a more THE INDUSTRIAL AND COMMERO】

and

lour troubles are at a minimum." Stocks

in line of goods are generally lan especially in the interior, where brigand.. age, troop movements, and trivsportation an almost ditheulties kept trade in complete stage of stagnation during 1999.

Factor.

ון !!

GANDE, PRICE @ CO., LTD..Hour Office savours of humanitarianism healthy, active tone to the market. Lat

WINE MERCHANTS.

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No. 8, QUEEN'S' ROAD CENTRAL,

HONGKONG.

(183

DAIRY FARM NEWS

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if you want strang healthy children

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Sole Agents for Hongkong and China.

W. P. SIMPSON

*(LATE or DISSĮBROS.)

Phone 3255.

TAILOR & BREECHES MAKER

has opened Business at

ASTOR HOUSE BUILDING,

Queen's Road Central,

2nd Floor.

[836

blend of common-sense.

A start has been male in Bedford Prison because there are only prisoners there, And the supply of clothing and equipment is at present limited. In due course the new system will he applied to other convict establishinente.

THE BONER INDEMNITY,

JAPANESE CRASH AVERTER.

Japan plasel 1922 in a much more hope. ful position than was apparent earlier in the year. Notwithstanding an unhealthy edition manifested serial times during the year in threatened fuseial crises. the Japanese Cowermaient surrodest in averting a crash through the employment The edgend of various expedients,

An effort was made this week to obtain some official information from the Coser nent about the allocation of the British share of the lover ingenuity remitted for the fartherence of British and Chinese in terests. At the instance of some of these who ar interested in the subject, Sir Walter de Free, M.P., for Ashton, placed a questlements were completed without appar tion on the notileguaper in the House of nt strain, and inte Droomber found the Commons on the subject, but the answer money market easier with discount rates comunicated was quite formal and correlatively low and money pleatifu. Never, tained nothing that was new,

Mr. McNeill said the actual appointment of the Boxer Committee might be delayed because legislation would be pressary to give ties to the intentions of the Govern ment, A Bill would La introduced. In ary cay it would take time before the mittee could complete their investigations al formulate schemes for the best of the fums. This seems to be a discreet way of saying the matter is to be shelved till a more convenient senson-till Chian

its her house in order at Peking.

"THE MEMBER FOR MOSCOW,"

theless, many of the unfavourable offer of overexpansion of industry and over;" extension of credit during the war and the boom perial afterwards still remain

Barter in the Japanese situation by pra- son of the continual effort to gradually absorb losses thigh in nnes prier inst ad of writing them off, as has be

done in some other countries, CONDITIONS IN THE PHILIPPINES,

The total 1922 trade of the United States with the territory estuprising south- enstern Asia (Philippine İstads, Dutch Enst Indies, Straite Settlements, Siam, and French Indo-China) showed but little aaacement over: 1921. Exports to the United States increased from approximate.

There was a significant little incident in the House of Conimoas a few nights ago in the course of a debate on unemploy ment. Mr. Newhould, M.P., for Mothery 8141,000,000 in 101 to $181.000.000 in well, who is the only representative retdmed in Parliament as an open and avowed Cons munist, sits on the Latour Benches and calls himself a Labour man: but he is not really a member of the official Labour Party, who have nicknamed him." "The Member

for Moscow.

The subject of unemployment is surely of such prime importance to the people Mr. Newhould claims to represent that one might have expected him to treat it with as much sincerity as was displayed by Lab our speakers generally, fat, in accordance with the ill-founded

belief t

when Mother- that well elected him the constituency sent

Newbald of hope to Moscow, Mr. Se message indalked in ill natural references to the of the Duke of York. His remarka welding of wers, hoy

however,

ia The atmosphere

C. CHAMPKIN, Manager.

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HEAD CFFICE : York Building, Chater Road Hongkong

BRANCHES " Shanghai-51, Kings Road. Hankow.-British Concession.

CORRESPONDENTS IN: 4 London, New York, Chicago, San Franciscus, Yancouver, BC, Honolulu, Singapore, Penang, Tientsin, Swat w. Macao, Canton and all Com. mercial contres of China and abroad.

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Interest allowed on Current Accounts and Fixed Deposits. Terms on application. Local Bills discounted.

Foreign Exchanzo on the Principal Cities o. the World bought and sold.

R. A. RODGERS.

Manager.

537]

THE AMERICAN EXPRESS CO. INCORPORATED.

HEAD OFFICE: NEW YORK CITY.

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183

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1922, but this advares of $43,000,000 was offset by a decline from $89,000,000 in 1921 to 250,000.000 in 1922 in imports from the United States, Considering, however, the unprecedented trade of this region in the boom year 1920, resulting from the acer- lerated demand for its raw products, of United States bought the which

474,000,000 worth, while at the same 67, QUEEN'S ROAD selling to this market 8182.000.000 worth of American products, these figures only far out the gradual readjustment which

is

sing place. Our imports from most of this territory are easilerably in excess of our experts to the countries, which should be interpreted as an encouraging there in the bailding aut maintaining

in alsolate sileuermarkets in the countries, whose economic er prosperity is wholly dependent upon the become ceptibly chilly and when the Communist sale of their raw products, Trade with the large in the discovered that his exhibition of vulgar bad the Philippines is

Exports in 1022 amounted to taste aroused no enthusiasm on the Labour | group. Benches round him he was so overwhelmed 3.209.142, against 816,516.046 in 121. with astonishment that he abruptly left and imports are estimated at approximatu. ly 200,700.000, against $2.141.12 in the Chamber

the end of his speech."

thus most interest previous year. The increased demand for ing item of the sitting.

months of 1999 has resulted in an

reaved buying power for the papulation, so that the present year should inungerata a period of bitter" conuenis"conditions,

at

This was unquestionally the stony silence Philippine predict during the last |

of the Labour party was impressive. The incident is, I think, well worth recording It shows that among the Labour men, not excepting the extremists, attacks on the Royal Family have no more effect than the splattering of a damp squib.

CHINESE PLAN IN CHELSEA.

curtain

the

in.

TRADE WITH THE STRAITS, Ameriena exports to the Straits Seute. ments in 1999, totalling 85.823,200, showed

the SALTT

What may be described as a fascinating deeree from the $158.202 of 121. Imports, however, registered an increase bit of aid Ching was pot upon the stage from 26.707.201 in 1923 to 259,500,900 in nt Miss Pax Robertson's little playhouse, The Chelsea Art Theatre, this week 1922, largely due to renewed buring of namely,

Fourteenth Century Chinese rubber at somewhat better prices. Euro- re regaining pre-war play in au Farish version under the title, pas countries

Lew Yuen father introducing hi

Lew Yuen Waarkets in the Dutch East fulles, and

this is reflected in the decrease says the heavy self and the company before the rise of

American exports to this colony from "I am a merchant and am sixty. $2:49.409 in 1921 to $8.006,200 in 1984 f ur years old. This is my first wife, Le Our imports from the islands remained at approximately She, who is fifty-eight. This is my seed but wife, Seano who is twenty-two, Shy is $3500.000 in 1989, against 832.141,773 in 1927. The traile of the United States with going to haven child."

The play deals with feminine jealousy, Siam and French Indo-China amenstel in chiefly on the of the first wife, who has to somewhat over $1,000,000 with

part no sun, directed against the younger woman, each entry. of which 50 por rent. who presents the elderly father with each case represented imports from the

vary 11

United States. The criterion of conditions a baby boy. Stat Mei s

indird.

and on

of which being driven in these countries is rice, unhappy time, out of the hous; she is represented as having exportable surplus for the year was good!

f with another man. But it all conne and the prices fair in the em! for Seaon Mei. A rical of ancestor worship-perhaps too much

it, -comes into the story. The moral

in

th

is

sought to convey in wifely dutifulness; but

I rather think a more obvious moral is

It may be raalled that when Mr. Banar took office he stated that it was possible

Hongkong.

NOW

CENTRAL.

Eighty Offices are established in the Principal Organisations and Private Individuals with a complete World Wide Banking. Shipping and Travel Service.

COMMERCIAL LETTERS OF CREDIT. DEPOSIT AND CURRENT ACCOUNTS FOREIGN EXCHANGE. LETTERS OF CREDIT. TRAVELERS CHEQUES. LETTERS OF CREDIT, STEAMSHIP PASSAGES., HOTEL RESERVATIONS BAGGAGE INSURANCE. CABLE AND POSTAL REMITTANCEB. PURCHASE OF BILLS OF EXCHANGE.

Every approvet Banking Shipping and Travel Transaction.

ON SALE.

THE

DIRECTORY AND CHRONICLE

07

CHINA, JAPAN, BRITISH MALAYA, INDO-CHINA, SIAM, PHILIPPINES, NETHERLANDS INDIA, ITG.

SIXTY-FIRST

FOR

1923

YEAR OF PUBLICATION.

is NOW BENO ISSUED AND CONTAINS

ALPHABETICAL LIST OF FOREIGN BUSINESSES, THEIR PERSONNEL AND AGENCIES. CLASSIFIED BUSINESS DIRECTORY OF THE CHIEF TRADE CENTRES ALPHABETICAL LIST OF FORZION RESIDENTS IN THE FAR EAST- GOVERNMENT AND OFFICIAL DEPARTMENTS.

16 UP-TO-DATE COLOURED MAPS OF THE PRINCIPAL PORTS IN THE FAR EAST. DESCRIPTIVE AND STATISTICAL ACCOUNTS OF THE VARIOUR COUNTRIES AND

TRADE-CENTRES OF THE FAR EAST.

TRKATIER, TARIPPE, STAMP DUTIES, BROKERAGE CHARGES, POSTAL GUINE, STC; BRITISE, AMERICAN AND JAPANESE NAVIES,

1,800 Pages

Complete Edition

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DRUGS

PRESCRIPTIONS

+

[783

When the Doctor prescribes ho expects the Druggist to fill the prescription with Pure Drags. The quality of our Drugs, Medicines" and Toilet Goods is not surpassed. Have the Doctor's Prescription filled her in the result will be *atisfactory.

THE PHARMACY,

THE RED BUILDING (OPPOSITE TEE House Sr.)

That the steain might prove too much for don't marry a second time at sixty-four, him, and he has certainly had to shoulder

of especially if your first aife is still alive.

responsibility annidel.

hear a ggestion is being considered an enrous loul houses; and if this is the his popular perienced Ministers on the Conservatier sich: the play on at one of the big populare, las in deprived of the help of x-

curiously interesting to see whether the ex periment will succeed. Will an meentially Chinese play draw and hold West End theatre-goers

THE PRIME MINISTER'S HEALTH.

of the calibre of Mr. Chamberlain and others. Most of his leagues on the Front Bench are unused to high tier, and they lack than debuting power that comes from thorough familiarity whith Parliamentary surprises and incidents. M. STANLEY BALDWIN,

A great deal of sensational gossip has been current with regard to the Prine Mr. Stanley Baldwin, the Chancellor of Minister's health. Now that he has set out the Exchequer, who is acting as Mr. Bonar for a moutlis sex trip all the prophets are Law's deputy in the House of Commons, is hard at work with confident predictions of quite a new-comer in the higher ranks of Mr. Bonar Law's early resignation. The the political firinsment. He was never in Prime Minister has lost his voice as the office until the re-construction in 1017, and result of a relaxed throat, and the doctors he has been a Cabinet Minister, for only a have warned him that the only way towards few months. Speculation is, therefore, rife

apcedy care is a complete rest.

as to his ability to wear the mantle which Bonar Law's absence just now is as benn almost too heavy for the old and specially awkward for the Government be tried Prime Minister. cause at this time of year it is not easy to Still, even his political opponents hope spare the Fremier for weeks at a time, it is that he will be able to carry on, and not essential that he should be at hand in herein is the beat augury for his success thus House of Commur, to make s poche Bue of the groups of the position but he is wanted when it is a question of desires an upheaval just at present, they making decisions.

will take care not to press the Deputy Prime Minister to hard.-H.B.

2

(Continued at foot of nezt column.)

Abridged Edition

AN "EXTREMELY USEFUL" BOOK,

Writing from Singapore, under date March 31st, 1922, Sir Godfrey Thomas, Private Secretary to H.R.H. THE PRINCE OF WALKS, BY:-

SIR,-1, beg to acknowledge the receipt of your letter of the 23rd am desired by the Prince of Wales to thank you for the instant and copy of the Goth annual edition of "THE DIRECTORY & CHRONICLE FOR CHINA, JAPAN, THE STRAITS SETTLEMENTS, ETC., ETC.," which His Royal Highness has been pleased to accept, and which will be extremely useful during the remainder of the tour.

The Managing-Director,

HONGKONG DAILY PRESS, ID,

Horoxoxo.

Yours faithfully,

GODFREY THOMA

(Private Secrelarv.)

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