1924-09-02

Page

THE HONGKONG DAILY PRESS, TUESDAY, SEPTEMBER 2ND, 1924

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel. Central 236.

8, Queen's Buildings.

SOLE AGENTS FOR

BELL'S UNITED ASBESTOS CO. LTD..

MANUFACTURERS OF "Viotor Metallio," "Dagger,"

"Quadruple

"Roofer Packings

Bell's Asbestos Compositions.

Salamander" Engine & Cylinder Oils.

"Salamanderite Jointing."

TWO SCREEN CONTRASTS

UNIQUE AND UNSURPASSED

QUEEN'S

5.15 and 9.15

An intrigueing story of modern Shanghai by Chinese actors famed for expressive acting

and

"HER SACRIFICE'

Entertainment. amusement, pathos, love interest

- and thrills

“JUDGMENT of the STORM"

A screen classic with a plot entirely off the beaten

track and a thrill in each reel.

2.30 and 7.15

SHOWING TILL THURSDAY.

SAFETY FIRST

CASH BOXES

Thief Proof:-Latest thing out. PRICE $20.00 each.

PHONE C. 3217.

HALL, LAW & CO.,

30-32, DES Vœux Road C.

TENNIS SEASON

1924-1925.

F. H. AYRES BALLS,

RACKETS, and GEAR

پرم

SUPPLIED AT KEEN PRICES

ABAQUERIA KILIPINA

LEADING TOBACCONISTS. OPPOSITË QUEEN'S THEATRE

HONGKONG SMALL INVESTORS.

میسن

Ter the convenience of clients we are moving to more suitable and commodious quarters and shall be installed at the GROUND FLOOR, Ion House Brazer, Next to Hughes & Hoven, from the ler of Bertzea. Our Telephone will still continue to be. 4306 and we shall be pleased to attend inquiries reference dispost or acquisition of Large or Small Lots of Skarsa at our New Addreas,

TEL. C. 4630.

GROUND FLOOR, Corner Des Voeux Bojn & Ice House STREET,

BRITISH TRADE INQUIRY. FOREIGN TRADE OF CHINA.

COMPOSITION OF" COMMITTEE:

Mr. Webb (President of the Board of Trade) announced in the House of Cam mons recently in reply to Sir A. Shirley Benn (.. Flymouth, Drake), that "Sir Arthur Balfour, of Sheffield, had under taken the duties of chairman of the Com- mittee of Inquiry upon British Trade, and that the other members of the com- mittee were as follow:-

Mr. John Baker. Sir W. IL. Beveridge, Mr. Henry Boothman. Mr. W. T. Charter. Mr. C. T. Cramp.

Mr. Hugh Dalton.

Sir Harry Goschen.

Mrs. M. A. Hamilton,

Mr. F. A. Hargreaves.

Sir Norman Hill.

Sir John Hindley.

Mr. David Landale.

Sir W. Clare Lees

Mr. P. J. Pybus.

Mr. Arthur Shaw. Sir Allan Smith.

In the course of an article on the gen- eral position and stagnation in China, the Peking correspondent of The Times writes that in the midst of all the confusion that prevails the foreign trade is well main- tained and, it can even be argued, is in- creasing Foreign merchants ATA not prospering na of yore. because they are redeeming the losses incurred since the war and because the Chinese aro cutting into their business and doing direct to seme extent what the foreigner used to do for them on a commission basis. the volume of trade remains, as the fol lowing Customs figures for the first quarter of 1934 seem to prove coachi sively:- January February Alarch

1023.

But

1924.

...k. tls. 3,583,000–4,315,000

..3,$22,000 3,095,000 ....4.499.000 8.390.000

11,453,000 14.907,000 #Before calculating the extent of "the increase it has to be remembered that the effective 3 per cent, tariff now in operation was estimated to produce an additional tis. 7,000,000 per annum. On that basis the takings for the first months of 1921 should have been a little over 19 million taels. They are, in fact, nearly 15 million, and by comparison with 1923 at least two millions greater, after making allowance for the higher tariff."

Sir Hubert Llewellyn Smith. The reply from one further proposed The tragedy of the situation is that this member was still outstanding owing to great market, still so insistently absor- his absener abroad. The terms of refer- bent of foreign goods, should he restrain- ence were, to inquiry ints and reported in expansion by the internal conditions upon the conditions and prospects of At the moment when unemployment is British industry and commerce, with breaking the heart of the British working special reference to the export trade, and man. All indications here are that any to make recommendations in regard there. Improvement in the conditions would lead to It was proposed also to furnish the to an immediate and substantial increase Committer with a memorandum which, foreign trade British goods are in without constituting a definition of the high favour and would inevitably share inquiry, might serve as explanatory of largely in any increase of sales. the subjects on which investigation was specially desired.

Sir A. Shirley Bonn asked if Mr. Welb considered the terms of reference sul- ficiently wide in enable the Coromitter to investigate the hours of labour and wages paid in competitive industries in the principal competing countries, and what were the restrictions, it may, in. forer in this and other countries in, competitive industries, And were the terms su ficiently wide to cover an inquiry into the corresponding burden of rates and taxes in competitive industries in this and foreign competing countries ?

Mr. Webb said all the topics referred to by Sir A Shirley Benn would be within the scope of the reference. That would be made clear when hon, members had an opportunity of reading the explanatory memorandum which would be circulated. The memorandum referred to by Mr. Webb is as follows:-

The first question to which the atten: tion of the Committee should be directed is the present position of British overseas trade and the prospect of British partiş cipation in the markets of the world being

such as to easure sufficient and con tinuous employment and a satisfactory standard of living in this country. The examination of tendencies and develop ments in the markets of the world and

RICE MARKET.

The Compagnie de Commerse et, de Navigation d'Extreme-Orient of Saigon, in a report dated August 19th say:

The rice market has remained unchang ed. Price of paddy is frm although the disposal of stocks is difficult. anve special qualities which are shipping regularly to Hongkong. Sellers would be ready to allow a reduction of price should buyers nanke interesting offers, but there is still a big difference that prevents transac tions.

There has been some demand in broken rice Nos. 1 and mixed From Java for shipments October-November, but no business was made. A alight tendency to decline is reported for prompt shipments. but prices remain arm for 'far-off de liveries.

The total amount of rice exported from January 1st to July 29th, 104. is 798,001) tons against, 811,129 in 1993, No. 2 sifted, Japan quality, Hongkong We quote to-day" white Saigon riec

20.80 per picul fo.b. Saigon September October shipment."

for

Mesars. Wm. G. Hala & Co., Ltd., of Saigon. in a circular dated August 18th.

137:

During the last fortnight, our market also in the chief competing countries will has been particularly quiet. Enquiries be involved, together with an inquiry into

the growth of competition with British came only from Java and Manila:-From goods in these markets, the likelihood of Java for small lots of brokens 1 and its continuance, and its probable conse-and from Manila for rice, No. 2-40 pur

quences.

cent. brokens.

No demands whatever for rice No. 1-45 The second question is the ability per cent. of British industry to meet competition Stocks of brokens 1 and 2 are very under the conditions thus determined and tow and prices consequently are rising. to adapt itself to changes in the nature It seems that the last business was effect- of overscas demand. This involves, aned to cover speculative sales as it was inquiry into British productive capacity quite impossible to find a buyer at the and organisation, including the supply current market prices. Our market is and efficiency of capital, labour, and somewhat weaker for some qualities of management, the present and future ade- rice, but on the whole prices have reced- quacy of raw materials and possible imed very little and the general tendency provements in their utilisation, and the is firm, the stocks of paddy being re- part played by the United Kingdom in ported as rather low. new developments of industry, particular ly those which are the outcome of scien- tific research. Matters to which attention might be directed are the present extent

New Crop Work is advancing every- where. In some districts the weather bas not been very favourable, and the pro- vinces of Chaude and Longxayen ure

of large-scale production, its possibilities again threatened with floods as last year.

and limitations; the efficiency of plant and equipment; power supply and trans

port as factors in cost of production; C, B. WARREN & CO., LTD.

marketing organisation at home and abroad; and the current methods of in- dustrial and commercial finance. It will

be necessary, in addition, to take account

SANITARY ENGINEERS,

MONUMENTALISTS.

at the effect of State regulative action OFFICES | 31D, WYNDHAM STREET,

upen costs and output.

The third question is that of the relations between those engaged in pro- | TEL C. 269, duction. This will involve inquiry into methods of industrial remuneration, the main causes of unrest and disputes, and the methods of avoidance or settlement

ני

HONGKONG.

ESTIMATES FREE FOR

COMPLETE

of disputes, as, for example, co-partner. SANITARY INSTALLATIONS. ship, co-operation, Wages Board, and voluntary arbitration, State regulation of wages, and compulsory arbitration and compulsory enforcement and extension of agreement."

HONGKONG SHARE MARKET CLOSING QUOTATIONS.

SEPTEMBER 17, 1924. Hongkong and Shanghai

$1,200 b.. $720 b.

Banks

"Canton InsuT MORE

Unina InversNCOS ........................ Hoogkong Firs Insurances...$590 b. Douglas Steamship.... $62 b. HK, O. & M. Steamboats... 345 1.

Star Ferries

Chins Sugar... Kowloon Wharres Whampos Docks Shanghai

Docks

Tands

Hotels...

Estates

Cenienta

Hongkong Ropes... China Providenta

103 MIL.

460 not.

915

$16

HOT WATER SYSTEMS, &c. SPECIALISTS IN MONUMENTAL WORK

.CUZ YEOM

ITALIAN MARBLE-POLISHED AND/OR FINE PUNCHED HONGKONG

... GRANITE.

ARTIFICIAL WREATHS IN STOCK. 11466

PREPAID WANTED

Share This Page