THE
ÇOMPANIA TRASATLANTICA DE BARCELONA
A Spanish Royal Mail Line
F MANILA, SINGAPORE, COLOMBO, SURZ, PORT SAID, BARCELONA and OTHER SPANISH PORTS.
388 *ISLA DE PANAY"
For YOKOHAMA, KOBE, MOJI, and SHANGHAI,
¦ BE MISLA DE PANAY”
100
2jat Dea
3rd Dec The steaman of this Company xes all olsaned 100 A1 at Edoyds and are ibind with every modern convenience for the comford and safety of the passengers Stewardess and Dostor entried,
* ין
O. D. BARRETTO
15. Central Avena, 30, Quarro,
For Freight and/në pamage apply to
BOTELHO BROS. Alexandra Building, Hongkong
DON'T FAIL TO SEE MARY PICKFORD
IN
"MARY AIN'T GUILTY
A COMEDY WITH A "KICK AND PACKED WITH LAUGHTER.
ALSO
NEW ROUND OF
LEATHER PUSHERS."
LAST SHOW TO-DAY, at 5.15 and 9.15 p.m.
Commencing TO-MORROW CONSTANCE TALMADGE
IN
"THE LESSON"
AND
CHINA SUN'S LATEST PRODUCTION
THE HONGKONG FIRE BRIGADE ANNUAL DRILL.
BOOKING AT MOUTRIES BEFORE 5 P.M.
13
OR AT THE THEATRE AFTER 5 P.M.
BOOK YOUR SEATS EARLY
WORLD THEATRE.
Swan the lifetime pen.
Pens, are
famous
"Swan throughout the world for their reliability and lasting wear and the 14 ct. gold nibs are the finest it is possible to produce.
The fact that "Swan" Pens have held undisputed sway. over other makes for mare than thirty years is solely due to the excellence of the pens themselves.
"SWAN
FOUNTPENS
OF STATIONERS, HAVELLERS AND IMPORTERS.
Catalogus post, free,
MABIE, TODD & Co., LTD., Swan House, 133 & 135, Oxford Street, London, W1; and at Manchester, Paris, Brussels, Zurich, Johannes- burg, Barcelona, Sydney, Wellington, Cape Town and Rotterdam.
ASAHI BEER
SPECIALLY BREWED FOR EXPORT
DAI NIPPON BREWERY CO.
LIMITED,
LUKYO JAPAN
JOLE "AGENTS"
MITSUI BUSSAN KAISHA LTD,
BONGKONG.
HONGKONG DAILY PRESS, SATURDAY, NOVEMBER 818, 1924
TAXATION AND TRADE.
THE CASE FOR ECONOMY,
·GIVE YOUR STOMACH A CHANCE.
Unquiet, meals make ill digestions,” said LONDON, September 19th- Shakespeare. And he knew, bome of those Every day brings to light fresh meals he had with his jovial friends at the examples of the way in which the high Mermaid Tavern probably weren't very quiet. cost of production. is hampering our A little fun little jallity and happy trade. In our home market contracts laughter will help a meal, but jumping up for are being awarded to foreign competitors one thing or another, rushing the mente · កងង whose terms, including profit, are lowerit overall, could it possibly be good f than the actual cost of making the goods rather that it can't It basn't a fair chance! the stomach? Not that it won's work, but such as steel rails, in Great Britain. A number of oil tankers for a great British The outcome is all too cartsin.. The food, company are to be built in Holland be which the stomach cannot digest casily, lies like cause the Dutch price is hundreds of load. This may be followed by pain, perhaps thousands of pounds less than the lowest in the stomach or it may be in the chest. Then tander which British shipyards could put du, heavy feeling, with perhaps
datulence or acudity follows and, likely sa pot, a forward. If British manufacturers find headache.
distressing If the same thing is repeated, the foreign competition severe in the the stomach is naturally weakened and, with home market. where the conditions are failing stomach, in most cases a deranged liver, favourable to them, it is not surprising with Biliousness and constipation as a natural that in the overseas markets they are result encountering almost insuperable difeulj But the vary cause of all these troubles ties. That, as a nation, we depend for anggurts its own remedy. If all these miseries our prosperity upon our export trade are due to the stomach's inability to digest is a truism. That our exports are bought food, the sensible course is to give the stomach because they are, other things being a little help, and nothing is so helpful to tired, equal, as cheap as or cheaper than jaded, overworked stomacas which have lost; foreign goods of the same class should their tone and strength, as Mother beigei's also be self-evident. That our goods can Syrup, the ideal stomach and liver tania.
With the aid of Mother Beigel's byrup the only be sold cheaply if they are produced at a low cost per unit is a third axion naturally and thoroughly, and only from well-
stomach regains Re
ability to digest food of elementary economics. Yet in politics digested, assimilated food can you deriva these simple truths tend to be ignored. We find the very people who complain
strength sad vigour.
Thousands most bitterly of the widespread unem ployment clamouring for more public ex- penditure and for an increase in the heavy taxation which makes for a high cost of production, and thus reduces our export trade and throws men and women out of work. The Labour Socialist Minis try, for example, has committed the country to an immense expenditure on ill-devised housing schemes, and desires also to pour an indefinite number of millions into the Bolshevik coffers with out any security that we shall get back a penny-piece of it. These two projects
"Thus I continued to suffer and go from kad mean higher taxes and higher rates, which will increase every manufactur back, induced me to try Mother Beigel's Syrup. to worse, until a friend, two and a half years er's working costs, will handicap him in competing with the foreigner, and wille such ease and relief that
Two or three doses of the new remedy brought thus at least prevent him from employing astonished.
I was fairly new hands. The same may be said of As I continued to as the Syrup, wo my any other proposal for fresh national appetite and strength returned, until I found and local expenditure that is not abso-myself as hale and hearty as ever I had been Hutely unavoidable. The burden of taxa- through the course of my life. I had only five tion is crushing the British manufacturer bottles of Mother Seigel's Syrup and I have and depriving the British workman of kept well and free trom indigestion ever. the opportunity of earning his livelihood, since." Adet,
A very clear statement of the case was
pinned their faith to Mother Seigal's Syrup, upon thensands of people have because of ita remarkable efficacy in stomach and liver disorders, its anfailing helpfulness in all cases of impaired digestion.
"If you suffer in this way, take Mother Seigel's syrup, for your stomach's sake, and you will be delighted with the result
Home years," writes Mrs. E. B. Barker, "I suffered dreadfully from indigestion, Everything I ate cansed torture, and I was seldom free from aches, pain or other dis- agreeable symptoms. Medicines, dieting”and treatments failed to give me any lasting or really genuine benefit.
X
own and in the world's marketa is that
INDO-CHINA
STEAM NAVIGATION COMPANY, LIMITED
KORE via MOJI
BAILINGS SUBJECT. TO ALTERATION,
MANILA
HAIPHONG VÀ ROOF
BANGKOK A SWATOW
SANDAKAN
TSINGTAU via SWATOW.
& SHANGHAI SHANGHAI TA SWATOW MENTS
MANILA V AKOY HAIPHONG I Antanan STRAITS & CALCUTTA SANDAKAN
KOREA SHANGHAI STRAFTS & CALCUTTA
SHANGHAI
#YUENSANG *
**NAMBANG.
LEESANG"
HINSANG" *HOFSANG* "TUNGSHIN
"TATSHING
AGSHING="
"MINGBANG" "FOOKSANG"
* MAUSANG"
'HUSANG"
KUTSANG
Saturday,
8th Nov 11 Me
Saturday,
8th Nor, 3 par
Sunday,
9th Nov, 10 N
Monday,
3pm.
Tuesday, 11th Nov, 10 am.
10th Nov
... Wodnesday, 12th Nov., 7. Friday, 16th Nov 7 Saturdar 15th Nov, Noon. Saturday, 15th Nov, 3pm Sunday
.. Monday
...Friday, ...Monder
16th Nov, 10
17th Nov 3
21st Nov. 3 p.m.
94th Nov. 7.
...Monday, 14th
NOVA
CALCUTTA LINE--This Line now afforda regular mailing to Calentia, Pasang
Singapore; returning from Calcutta steamers presosed via Buendia and Hongkong to Japan, occasionally calling at Shanghai All steamers have excellent passenger accommodation, fitted with Wireless and carry a fully-qualified Sargeo. LINE-Sailing approximately every three days between Canton - and Shanghal sometimes calling at Swatow. Through taksts ma be obtained and through Bata of Lading are immed, to all Northern and Yangtese Forta vis: Shanghai. LINE mA weekly service is maintained with Manila by voussis with quod passenger accommodation, sailings from both ports every Saturday, at Il am.
*
MANILA
HAIPHONG LINE-Saffing approximately, weekly for passengers and cargo, enlling nữ BORNEO
Hellow both wayn
steamers,
LINE-Fortnightly sailings to and from Bandakan by two 5,000 tem
HINSANG” and xa. “HAUSANG," both stomas, having anellent passenger so6ommodation, Cargo taken through Bills of Lading for Kudat, Jesselton, Lukman, Tawse and Lahad Datu
TIENTSIN LINEA regular service is run from March to November between Hang
Long and Tientsin, occasionally calling at Wełkaiwei and Übefoo. BANGKOK LINE A Weekly service is provided between Hongkong and Bangkok via Swatow" by Evé stemmers Stted with up-to-data passenger" sooom» modation
CALCUTTA
LINE
5.8. "FOOKSANG" will be despatched on or about Monday, 17th November, 3 p.m., for SINGAPORE, PENANGTM & CALCUTTA.
Through Bills of Lading issued to RANGOON, MADRAS, FORT SWETTENHAM and DUTOH EAST INDIES.
For Freight or Passage apply to
JARDINE, MATHESON & CO., LTD..
TELETRONS No, CENTRAL 215,
GLEN
GENERAL MANAGERS,
AND
SHIRE
JOINT SERVICE OF STEAMERS.
U.K.-STRAITS, CHINA & JAPAN SERVICE.
OUTWARDS.
Veal
Das Hongkang.
CARMARTHENSHIRE" 13th Nov. "CARNARVONSHIRE " 27th Nov. HGLENTARA "
14th Dec. 25th Dec.
* GLENBEG
HOMEWARDS.
Vessel. Leaves Ekong. Dinslangul "GLENGARRY” *****30th Nov. Landoa, Botterdam and Hamburg. "GLENAPP"
2nd. Des. London, Basterdam
Hamburg
Movements are subject to change without nekies.
For Freight or further Particulars, please apply to-
JARDINE, MATHESON & 00, LID, THE GLEN LINE, LTD., ASTINTE." Talophones : Central. No, 215 sub-ex. 23, and Omtral 1596,
THE HONGKONG & WHAMPOA DOCK CO., LTD.
made recently by Mr. Leanos, Lee; that they pay lower taxes and lower the chairman of the Calico Printers' Association, at the annual meeting of the wages than our manufacturers are com shareholders of that important and well-pelled to do. The Government and the managed combine. He referred to Mr. Legislature cannot deal with the wages Snowden's recent expression of his doubts problem, except indirectly; but the ex as to whether Great Britain could main-sessive weight of taxation, both national tain her hold over the world's markets and local, can be lightened if politicians so as to ensure continuous employment of all parties will only recognise that and a high standard of living for our menaces the stability of the whole com- large and growing population. The mercial structure. No sudden or immed Chancellor of the Exchequer had declared iate reductions are required. What busi that the costs of production, especially ness men need is rather a change of at- in the engineering trades, were too high, titude on the part not merely of Minis but he did not explain how they were to
ters, but also of members of Parliament, be towered. The main items which have who are apt to praise economy in the increased are rates and taxes, on the one abstract but to sek votes by advocating hand, and labour on the other: 1r. Loe lavish expenditure on behalf of this or stated that in the calico-printing trade that section of the community. If the the average increased cost of labour was nation were to spend no more than three just over 150 per cent.; in other words, times as much as it did before the war, the labour that cost'a shilling before the instead of four times as much, we should Wir now coats half-a-crown. But the perhaps have reached the limit of what fact to which we would direct attention is possible, in view of our immense war is that, though the increase in the wages debts. For the moment it would almost bills has been large, the increase in rates suffice if the present Estimates were re- and taxes has been greater still. As Mr.garded as a maximum, to be gradually Lee painted out, where we used to pay reduced, but never increased en any pre- We are well aware that, one, pound in taxes before the war, we text whatever. now pay four, on an average, and many with a Labour-Socialist Ministry in office, taxpayers find their imposta multiplied such a programme, however modest, zany five or even ten-fold. Further, local seem fantastic, as it is the avowed object taxation has been raised by over 125 perof the ardent spirits in the Cabinet to cent. It is considerably more than twice tax the Capitalists out of existence," as heavy as it was in 1914. The Calico regardless of the consequences. But the Printers Association pays in rates, on present Ministry may not last long, and its works and warehouses, no less than the problem will have to be faced, what £54,000, as against £21,000 ten years ago, ever the political future may bring. For In view of these ominoua figures, it is if unduly heavy taxation is allowed to dificult, as Mr. Lee complained, to see hamper and stifle our foreign trade we how the costs of production can be lessen-shall be doomed, and neither Socialism ed if wages are to remain at their pre-nor, Communism nor any other nostrum Bent level, and if taxes and rates are not will save us from ruin-Daily Telegraph. to be drastically curtailed. Something might be done, no doubt, if the trade unions required all their members to dis- play more intensive effort, for if the out- put during the working day were thus increased. without extra: overbead, ex- penises, the cost of production per unit would naturally be diminished. But the tendency of trade unione is, we fear, rather to encourago the" pernicious doc trine that a workman should · produce minimum rather than a maximum amount, for fear jest he should deprivo 2. comrade of a job. Such limitation of output adds to the cost of production, intensifies the manufacturer's difficulties, and recoils with fatal results on the mis guided workmen who practise it Yet! until it is officially repudiated by the trade unions little help can be expected from them in that cheapening of produc tion which is essential if we are to retain, not to say increase, our export trade.
The chairman of the Calico Printers* Association is no pessimist, but be cited figures which must inspire grave concern for the future of our great cotton in- dustry. In the four years ending June, 1914, our exports of printed cottons to India averagel 11,800,000 pieces yearly; in the four years ending with June last our average exports to India were only 0,000.000 pieces, A similar comparison. for Persia and Baghdad showed a decline of 40 per cent. For Rangoon, the Levant, and South, America the fall was 'still heavier. Taking all these import- ant markets together, the total exports of British printed piece goods "have fallen to considerably less than half what they were before the war. It is no won- der that the Lancashire mills are run- ning on short time, and that the cotton trade is perturbed about the future. Mr. Lee expressed firm conviction that British textiles retained their high re putation, but the simple truth is that our manufacturers are being undersold, especially by the Italiana and the Japan- ese, who produce more cheaply, -- And the main reason why our foreign com petitors can undersell us in their (Continued on next Column.)
TELEGRAPHTO ADDRESS). "MANIFESTO" HONGKONG.
¡CODE USED A1, ARC Fish Elition; Engineering: First and Second Täities Westem Union and Watkins, Benson's, Marooni.
Dork Owners, Ship Builders, Marine and Land Engineers, Boiler Makers Iron and Brass Founders, Forge Masters, Electriáisna
OIL TANK STEAMHE "PALUDITA"
437 -0° 58′ 11′′ #1′ 0o 8,400 tome d‚w. x 8,300 HP.
dailt by THE HONGKONG ♣ WHAMPOA DOJK 00, LTD, så KOWLOON DOCKS to the,
D. THRĮ ANGLO SAXON FEZBOLBUM 00, LTD, being one of four similar womedia kuilh in fasse WORKE te the same order.
Please address enquiries to the Chief Manager |
DYSE 8. 80. MINA, Kowloon Deck, HoxezEDO}