Page
SPECIFY
K. F.
BALL BEARINGS.
ON ALL MACHINES YOU ORDER
W supply Bearings for all kinds of Machines. POWER SAVING. NO HOT BEARINGS. SELF ALIGNING
REQUIRE LESS ATTENTION,
ܐ܇
THE HONGKONG DAILY PRESS, TUESDAY, JANUARY
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD
Tel Central 256
SOLE AGENTS FOR HONGKONG.
Address: 2, Queen's Buildings
QUEEN'S THEATRE.
To-day to Wednesday, Jan. 12th to 14th,
at 5.15 p.m. & 9.15 p.m. Daily.
FIRST NATIONAL PICTURES PRESENT
NORMÀ TALMADGE In Bayard Veiller's Play
"WITHIN THE LAW "
NO INCREASE IN PRICES.
COMING ATTRACTION!
THE MANILA VAUDEVLLE CO. Misses Miami, Fritz and Dimple.
Next Change Jan. 15th.
GLORIA SWANSON
AND
RODOLPH VALENTINO
な IN
"BEYOND THE ROCKS"
The Love Drama "Beautiful!
HONGKONG ENGINEERING & CONSTRUCTION CO,
STRUCTURAL ENGINEERS AND CONTRACTORS, SPECIALISTS IN REINFORCED CONCRETE CONSTRUCTION. FOUNDATIONS BY THE FRANKI PILING SYSTEM.
LTD.
Our Head Office has been moved from Powell's Building, Des Voeux Road Central, to more commodious premises, on the 3rd Floor of St. GEORGE'S BUILDING, CHATER HONGKONG) (over the offices of Messrs. Shewan Tomes & Co.)
Telephones
Central 4581 (two lines).
Modern Ways
for
Modern
Do It Electrically
Days
Heating
Cooking
Power & Lighting.
THE CHINA LIGHT & POWER CO. (1918), LTD.
SHOW ROOM-62 NATHAN ROAD,KOWLOON.
Phone, K. 677.
THE PETROLEUM MARKET IN 1924.
GENERAL.
cargo
The year under review has really dif fered but little from the years immedi ately preceding. Political troubles. strikes and bandits have all done their bit in keeping people impoverished and their buying powers at a minimum. It is true that the Province of 'Kwangsi has been more immune from any of these troubles this year, than during recent years, but as an offset to this, the state of Kwangtung has been worse than ever. while Fukien has
also suffered. Whole rivers in Kwangtung have been eat off frooi Canton during the last twelve. months, and there has been, no traffic whatsoever along them. July and August witnessed an extraordinary boy- cott of Shameen, during which all Chinese employees of every sort were withdrawn From work. Nobody gained anything from
this demonstration and a great deal valuable trade was lost. Finally, in October the Red Army of Sun Yat Sen was turned loose upon the Merchant Volunteers in Canton, and an immense number of shops were burned and/or looted. The Chinese merchant still goes round in fear and trepidation, and na immediate return to tranquillity can be predicted.
of
KEROSENE
Prices were advanced about 30 centa per case in March 1994, and remained steady thereafter throughout the year. The total consumption was but slightly. more than last year, and the trade was confined almost entirely to the three organised distributing companies. To- wards the close of the year Chinese im porters were showing some interest, in the American kerosene market, and a cortait amount of so-called outside im portations of kercsene were made pria- cipally through the intermediary of for eign agents. of Californian.. Petroleum Companies in Shanghai,
MOTOR SPIRIT.
Although a number of focal Chinese generals in Kwangtung and elsewhere have embarked on road making schemes, results oa the whole bave been disap- pointing. The roads when actually made, have no proper foundations and no pro- vision is made for their upkeep. None the less these first serious steps in the making of roads capable of carrying motor traffic mark a definite point ia China's progress, and that return to tran quillity, for which we all hope, hut which none of us seriously expect in the near future, should be marked by the spring- ing up of new rond in all directions. Such ronds, as there are, are mostly used hy the ubiquitous Ford bus. Neverthe less from the point of view of the sellers of motor spirit, Hongkong is still the only considerable market in South China with which theey have to reckon. Here the consumption has been steadily increasing throughout the year and you have Lonly to walk along the streets of Kowloon or Hongkong itself to see how rapidly the number of private care and backdey vehicles, not to mention larger Buses pod lorries, has grown. There would appear to be, however, a definite limit that must be set to this expansion until such time as roads from Hongkong, territory load out into Kwangtung proper.
LIQUID FUEL
This is another product of petroleum of which the sales continue to increase. The number of vessels, particularly pas-i senger vessels, burning liquid fuel under boilers, is still going up; and still more remarkable is the growing number of ocean-going motor ships. Hongkong the only port in South China where there is ary considerable call for this form of bunkers, and the budding trade in liquid fuel at Canton and the Coast ports, etc, far the use of small Chinese owned ра senger boats, has received a severé back owing to the continuance of dis- order and piracy which has made the navigation af South Chins waterways a most dangerous and often impracticable proposition. Added to this, various fight- ing generals from time to time" have commandeered all the launches they could lay their hands or and frequently have failed to return them to their owners.
PARAFFIN WAX.
et
The parafin wax imported from for- eigu parte has always to meet with severe competition from vegetable and animal waxes and fats produced by the natives,
13TH, 1925
Obtainable at LANE CRAWFORD LTD Tabaqueria Filipina,
Græco Egyptian Tobacco Store, and all high-clia Tobacconis, At 95 cents per tin of 50
Fit Company
There's some things, sir, which just naturally go together.
A page boy isn't happy without chewing-gum md Deadwood Dicks."
Gentlemen of experience and good taste, sir, fully appreciate a glass of old Port and a Kensitas, they know that a Kensitas cigarette is "as good as a really good cigarette can be,"
Jenkyn
Manufacturers: J. WIX & SONS-LM+173 #PICCADILLY LONDON W-ENG Whalensis paly: DONNELLY & WHYTE, Distributors for Helene sut Souto Chen
Telephoon: Central das 1 QUEEN'S BUILDINGS
Kensitas
$6
SAINT JOAN"
There MAY be. better pictures
EXTRA MATINEE
Wednesday, Jan. 21st, 4.30 p.m.
Admission:
$3.00, $2.00 AND $1.00
Booking at the
THE ANDERSON MUSIC CO., LTD.
for
$3 and $2 Seats
1693
HONGKONG SHARE MARKET. CLOSING QUOTATIONS.
JISTARE TE, 1995" Hongkong and Shanghai
Banta
$1,900 b. Canton Lagrances -----.. 755 b. Hongkong Fire Insurances.. $715 T Cafon InsuraUCES ----
$260 b. Douglas Steamships....... EK, O. & M. Steamhost...$38) b... "Star" Ferries Waterbosta
Shell".
Transports China Sombined)
Whampoa Dock Shanghai Docks
..$54 003L
$380
$87 0.
Whares... $206 b., 3208/209 x
$150 nom Tie. 108 Rom A.K. & S. Hotel (old) $18) (new) 517) nom,
fands
Hougtong states... B.
fumpareja
Ewo
T. 12.60 b., 12,80 sa.
Shanghai Cottons.. (old) T's. 614 (new) 33 b.
Orientala Cements (combined)
China Lights (combined).
(old)... Providents (new)
combined
......Ti 4.10 6.
$281.
316) b.
DOKE,
233) b. Dairy Farma
$28 Electice
$45) nom. Hongkong Ropes (combined) $59) Tramways
$52b. Watsons ....(old) 122 (new) $13) b. Fent Tradin (old; 52% (new) $13ł ks b-buyers; sellera; sómastoa.
which competes against it, to wit, native Of these competing articles, groundnut made castor oil This oil, as is well and ten oils are the most important. known, is an excellent lubricant and is Another competitor is Szechuen wax, turned out very cheaply in certain parts which is at insect was obtained from the of South China. During 1924 there was Province of Szechues. This wax has to a slight increase in the total importations come down the Yangtare, and seasonal of lubricants. difficulties to navigation and, we might almost add, seasonal fighting in that re- gion, affects the price most considerably. Generally speaking the past year has seen neither an expansion nor a contraction of the foreign wax trade.
·
PARAFFIN WAX `CANDLES.
This is another imported product which has not only to compete with the native waxes above mentioned, but also with similar candles made actually of foreiga imported wax in local factories in Amoy Foochow and Shanghai. Naturally the cost of labour of these small native fac tories is very low and the manufactured candles imported from abroad bave felt their competition very keenly during the... past year as the import figures witness.
LUBRICATING OIL
COMPANY REPORT.
THE HONGKONG DEVELOPMENT BUILDING & SAVINGS
"SOCIETY, LTD.
shareholders at the first ordinary general The report for presentation to the meeting reads as followe
than
We
the preferred cigarette
ROSITA
have not seen them
Romance rides gally thro' this glowing tale of Old Seville, in which MARY PICKFORD, directed by Ernst Lubitsch the greatest triumph of ber entire screen career.
scores
ROSITA
is Showing TO-DAY and TOM-ORROW
THE
WIVES
at
CORONET
WHO WISH
TO
RETAIN
THEIR HUSBANDS
LOVE
Should Not Miss
CY THEREA
DON'T
S. L-IP,
before the shareholders" a statement of
The Board of Directors have now to lay HUSBANDS ! accounts, and balance sheet for the period from the 28th December, 1923, to the 30th September, 1924.
The Net Profit for the
above period in Preliminary Expenses writ
ten off
Balance to be carried for
ward to the credit of next. year's account
4
$93,325,91
8,812,87.
$14,723.04
Directors--Since the statutory meeting
Like liquid fuel, lubricating oil is sold mostly in Hongkong for consumption in local factories or for the use of ocean- going ships or motor vehicles. Here again, there is a tremendous field in the interior which could, be opened up for this in March, 1924, Mr. R. G. Shewan, owing product, given peace and tranquillity to the stress of his other duties, has re- The
Chinese, particularly the Cantonese, signed from our Board, and Mr. C. E. H are keenly attracted by anything, mecha Beavis has left the Colony on furlough. nical, and, were it not for the recurrence Under Article 100 of the Articles of of serious disorder and the consequent Association Mr. Beavis has requested that impoverishment of the people, undoubted. D. Blake, be appointed as his ly many more factories and other machin-substitute and this has been agreed to cry of all sorts would be introduced and by your Board. Hon. Mr. C. Montague the sales of lubricating oil would benefit Ede bas been invited to a seat on the accordingly. In the interior mineral Board and has accepted. These appoint fabricating oil has also a native product ments require confirmation.
(Continued on next Colimp). (Continued at foot of next Column.)
Take Heed From
CYTHEREA
Under Article 92 of the Articles of Association, Dr. J. C. Dalmaboy Allan and Mesars Chan Sau Fung and Leung Tan Po retire but being eligible offer themselves for re-election.
Auditors.The secounts have been.
audited by Menara Peroy Smith, Seth & Fleming who are eligible for re-appoint ment.
THERAPION N01 THERAPION No:2 OHERAPION NËS
DISKOLAND-S