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DCL
MAKI illers Company EDINBURGH
LIP
TER HONGKONG DAILY PRESS," TUESDAY, JANUARY`STX, 1924.
"D. C. L. "
MALT EXTRACT
with
COD LIVER OIL
Is made from the finest selected Barley and malt- ed with the greatest care on the Company's own premises by the most scientific methods of
manufacture.
I
THE DISTILLERS COMPANY, LTD.
EDINBURGH.
Pain Per 1. b. Jar
Per 2 lb. Jar.....
SOLE AGENTS:
$1.00.
1.80.
TRADE OF NETHERLANDS -
INDIA.
IMPORTED GOODS. For importers the period under raviaw All the was not generally favourable. COMMERCIAL RECOVERY.EN
more favourable conditions of supply foreseen early in 1899 were fulfilled; In his Report, dated June last, Mr. H. goods strived from supplying countries without delay, and, for many articles, A N. Bluett, British Commercial Agent wholesale prices have been reduced to in Batavia, states that during the year the pre-war level, and for a few articles under review it is generally admitted to crea below pre-war offers. There was Devertheless, very little demand, and a that the trade depression, which for decrease in value of from 18 per cent to nearly two years had hung like a heavy 20 per cent. in the final returns for total cloud over the country, has passed. He importa in comparison with the previous reports the commercial recovery of the year is expected Poor demand must be Netherland East Indies is remarkable, ascribed to local conditions, and lewer and speaks volumes for the
of its tion. The better export trade of the lat merchants and the natural wealth of its chasing power of the native popula agricultural resources. During the cur- ter months of 199 and the early months reat your there is a most marked increase of this year is already reflected in the ia trade, and amongst causes which have import statisties for the first quarter of contributed must be pinced the increased the current year. It is not safe, however, prices now being obtained for all produce to expect that the present revival will exported, with its resultant infax of continue indefinitely, and in face of the present chaotic conditions in Central money, which has increased the purchas-
European countries it is impossible to ing power of the people and created a
forecast the trade possibilities of Nether better demand for intepeted goods.
land India.
There have been, however, many dih culties during the past year, and many failures among European merchant houses that made no provision for paying the retrospective war profit taxes which were long overdue and imposed by the Onli- sance of June, 1991, which rather unex pectedly increased the tax levied on pro- earned two years previously. Firms who had distributed their profits long before the revised taxes became law were naturally unable to find the money which
Gts
It was particularly noticeable that im- portess usually refrained from imperting goods bearing trade marks not previously known in this market. There is now & particularly
demand good
for (a) Chemicals, cement, water pipes and Et- tings (all dimensions), harbour equip- ment, electric fittings, tin plates, galvan- sed sheeting, copper and brass sheets and wire. (b) Cycles and cycle tyres, bedsteads, toys (all descriptions) and cheap jewellery. (a) Ladies' and gentle men's wearing apparel and haberdashery. time when trade was bad, and reserves (d) All foodstuffs, and beverages," cigar- had to be used to meet current expenses.ettes, matches and soap. Their difficulties were increased by almost daily failures in the bazaars. European importers lost-millions of guilders in had
ANDE, PRIOR & CO. LTD., was demanded by the Government at a
Tol Central No. 138.
No. 8, QUEEN'S BÒAD CENTRAL,
DAIRY FARM NEWS.
Au opportunity for those who prefer
HONEY SUCKLE BUTTER
(Made at the Farm).
Standing orders now being booked
STILL TROUBLED
WITH MOSQUITOS?
You should use
LOTOL.
SPRAY FREELY.
Obtainable all reputable Stores:
LIGHTING
We shall be pleased to submit designs for any Special Work.
ARCHITECT'S DESIGNS CARRIED OUT IN DETAIL.
FITTINGS FOR EVERY PURPOSE IN STOCK
ELECTRICAL DEPT. HONGKONG HOTEL The Hongkong & Shanghai Hotels, Ltd.
DRUGS
PRESCRIPTIONS
When the Doctor prescribes he expects the Droggist to Ell the proscription with Pure Drugs. The quality of our Drags Medicines and Toilet. Goode is non „urpassed Have the Docter's Frescriptiona filled nere and the resuls will he
THE PHARMACY.
Fax Bad Balldina (deponèn for Bus Sr.
debts.
The commercial banks have done every thing possible to assist the merchant houses to weather their difficulties, but na time went on it became obvious that many firms were so hopelessly insolvent that even under the most favourable trade conditions they would never recover their Gnancial stability and pay off their heavy overdrafts; the only course, therefore, open to the banks was to foreclose on the weaker firms and assist others by writing off their liabilities under terms of reconstruction.
"
GOVERNMENT EMDAREASSMENT.
countries.
The surplus stock of all engineering lines is being consumed, so that an im- provement in the engineering trade may be expected before the end of the year. For piece-goods the demand in slowly im- proving For iron-ware, hardware, lea therware, glassware and crockery, de mand is good, and stocks normal. Com- petition in these lines is, however, very keen, and profits cut to a minimum. The present is a favourable moment for open- ing op new relations with local importers of hardware, sa "the price of German offers is steadily rising and delivery can- not always be relied upon.
JAPANESE IN EAST INDIES. According to the information supplied by the Central Bureau for Statistics, A more serious matter in the economic Japanese bankers and traders are making life of the country has been the failure efforts to gain a more considerable foot. of the Government to balance the Bud- ing in the Dutch Asiatic Colonies. A get; to meet deficiencies in 1921 and 1999 mission has recently gone there with money had to be borrowed from foreign Japanese capital and goods. The task of view to promoting the introduction of Drastic economy has been effected in all services, while every avail this mission differs in many respects from able source of taxation has been exploit- similar delegations sent out previously, ed until the burden the people have to in so far as a 6xed programme has been Full de- carry is so great that to many it seems elaborated for that purpose. that the prosperity of the country is in tails have appeared in the Java news danger of being crushed. In commercial papers on this mission, and so great al- circles there is an insistent demand for tention has been aroused that, for in- a revision of the existing taxes, and many od in Java ore promoting already a boy- stance, the Chinese merchants establish- of the suggestions voiced are worthy seri- ous consideration of Government. Decott of Japanese goods. velopment in public services har come virtually to a standstill, and a systematic opening up of the Outer Islands largely
shelved for want of funda.
Although the great natural wealth of the country enables her people to carry the heavy burden of taxation, proposed further increases are viewed with alarma by the merchant community. It in real- ised by all that it is impossible to go on borrowing money indefinitely, and that it is absolutely necessary to provide the means for balancing the Budget, but it must be admitted that great prosperity was enjoyed when this was one of the most lightly taxed countries in the world, and that a reversion to the old policy of low taxation, which indirectly encouraged the investment of capital in agricultural industries and led to increase in produc- tion, may yet prove to be the heat way towards recovering financial stability,
Japanese capital is interested already in the palm oil industry in Sumatra, firm of Nomura where the Osaka banking owns important plantations. The same firm also owns rubber extates in Borneo. Recent advices from Kobe mention the fact that several of the leading banks, for instance, the Bank of Chosen and the Mitsui Bank, are considering the open- ing of agencies in Netherlands East India. The former institution is greatly interested in the export of Manchurian soya beans, of which about 150,000 tons are being shipped annually to these coun tries. The Mitsui concern also partici. pates in the financing of the soya bean exports, and holds at the same time a considerable stake in the Japanese sugar trade.
RUSSO-ASIATIC BANK.
Mi
Koubles $5,000,000
18,960,000
*3,500,000 1,750,000
CAPWAL (FULIX-PAID) Raware FusD CAZAL CONTRIBUTED IT TE Kup. Tir.
CHINESE GOVERNMENT ResEIVE FUND
-HELD OFFICEI Paris 9, Bus Boudream.
· LANDON OPTICE:
64, Old Broad Street, EU, 2.
KANTERS
..THE SITUATION IN 1922 During the current year trade condi- tions generally have very much improved. Export trade is almost booming and higher prices are being obtained for all produce. The sugar crop for 1923 has been largely sold forward nt.prices which assure a profit to the country of from eight to ten guilders on every picul of sugar produced, while the Java Sugar Producers' Association have already sold a portion of the 1924 crop forward at frem 10 to 21. Borios per picúl. Rubber in sell- ing at prices which assure a profit of from Bd. to 8d. a pound on production costs. Tea is commanding excellent prices, and over 30 million pounds have been sold forward. In all other exports
Societe Generale pour Favoriser le the situation is equally favourable. CropLanque de Faris ob dem Pays-Bas, estimates for 1923 show an all-round in- Developpement du Commerce et de findes crease. Improvement in exports is re- tris en Fran
Lompas: Mesura, Glya, Mila, Corrie & Co. Societa Generale prir Farorizer Devoloppement du Commerce et de Findus trie en France. · PARIS: Societe Generale pour Favoriser l du Commerce at de rindus
trie en
flected in a better demand for imported NA YORK: The Irving Bank-Coliumida goods. During the past year the lack of
Trust Company.
KRÁTCES IN ASZAL
money has enforced a return to a more SAN FRANCISCO: The Crocker National Bank
of San Francisco. economical mode of life reminiscent of pre-war days. This is particularly notice- able in the email demand for motor-cara Changchan Hankow Manchouli Tienlain during the past year (a high-claas tour- ing car was almost unaaleable) and, the aumber of second-hand ears thrown on the market ...
RUBBER.
The outstanding feature has been the refusal of producers in the Netherland
Harbin Newchwang Uramtchi Yokohama
Chefoo
Dafran Hailer
Peking Hongkong Kalgar Shanghai "
HONGKONG BRANCH:
Interest allowed on Current AscOMETER ANI Find Deposita Torms on application. Local
L BAINES,
Manager.
East Indies to come to any agreement Bills discounted. fore restriction of output. After Foreign Exobago on the Principal Cities of long controversy the Dutch Minister of the World bought and sold. Colonies, informed the International Association in The Hague that, after conferring with the Governor-General, he had" come to the conclusion that from a Netherland: Indian point of view there
·537]
was not sufficient ranson to take legal HOP SING & CO.,]
measures for restricting the rubber pro- "duction of the Colcnica. The Minister was, however, prepared to consider fur- ther proposals, but the general impres- sion left with every one connected with the industry in this country was that the Government would never favour any scheme which restricted the output of rubber, and, therefore, curtailed the de velopment of rubber estates. The tread 22, of opinion in the Netherland East Indies was against any form of compulsory ro triction, though 80 per cent of British owners of plantations in Java and Bumn tra agreed to restrict.
TYPEWRITER
DEALERS & REPAIRERS, Supplies and Fibbons for all Makes of Machines. Pottinger Street. Tel. C.3212,
BRANCH OFFICES: 132, Tak Bing Kai, CANTON.
Telephone K711.
YE
BICYCLES
LADIES', GENTLEMEN'S OR TANDEM FOR HIRE OR SALE.
NEW YEAR SALE Boys and Girls' Bicycles Just Arrived.
HANG LEE CYCLE CO.,
39, HAITHONG ROAD, KOWLOON. Next to PALACE HOTEL.
Telophone K711.
LTD.
OLDE PRINTERIE, PRINTERS, BOOKBINDERS, ETC. 14 QUEEN'S ROAD CENTRAL (NEXT Doon To Lazarus).
Tel Central 2313,
V. C LABRUM, Managing Director.
P. O Box 630.
MADELINE PEARSON
AFTERNOON AND EVENING
GOWNS
OHARMING HATS AND FLOWERS NOW SHOWING.
IJ
St. George's Buildings. Ice House Street (Next to Cafe Wiseman),
CHAMBERLAINS COUGH REMEDY
Coughs, Colds
CROUP.
SORE THROAT,
THROAT and LUNGS.
ESMALL SIZ
DOUGLAS
Chamberlain's Cough Remedy
Cures Coughs, Colds, Croup, Sore Throat, Hoarseness, Bronchitis, Whooping Cough and all Throat Diseases.
Sold Everywhere.
& GRANT
HIRKCALDY, SCOTLAND.
LTD.
RICE MILLING
The largest and
most widely
Bale Agents in South China
MACHINERY
181
experienced makers
In the world,
DODWELL & CO., HONGKONG,
WORLD THEATRE
JANUARY 7th and 8th,
5.15 x and 9.15"
"THE SELF
MADE WIFE"
"With An All Star Cast featuring ETHEL GREY TERRY
USUAL PRICES.
AND GRAUFURD KENT.
BOOKING AT THE THEATRE.