Page
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
Tel: Central 396 *)
66
SOLE AGENTS FOR
PUDLO"
Makes Cement Waterproof
FEUSOL"
The Immovable Fire Cement.
ANCHOR
$, Queen's Buildin
Buildings.
BRAND
PURE MANILA
ROPE.
"THE CORDAGE YOU CAN TRUST.”
MARINE KOPE
TRANSMISSION
OF POWER BOPE
CABLE LAID
HAWSERS
WELL DRILLING
CABLES
ESTABLISHED '1854 -
YNCHAUST
ROPE
FACTORY
MANILA
THE HONGKONG DAILY PRESS, THURSDAY, MARCH 11TH, 1926
RUPES UF ALL" SIZES FOB ALL FURPOSES
MADE FROM
PURE MANILA HEMP
MANUFACTURED
BY THE MOST MODERN MACHINERY.
STOCKS ON HAND OF ALL SIZES ENQUIRIES SOLICITED:{
FACTORIES-MANILA, P.I..?
HONGKONG OFFICE:
If its
KING'S BUILDING.
TELEPHONE CENTRAL 8165,
Heating, Lighting or Cooking GAS IS SUPREME.
The use of Gas means that every constituent of the raw material-Coal-has been completely utilised in its manufacture before reaching
the consumer.
Therefore the use of Gas ensures
Economy of Labour
Elimination of Smoke and Dirt
Promotion of Cleanliness & Health Reduction of Fire Risks.
Full particulars of Gas Fittings for every pur pose can be obtained at the Show Rooms of the HONGKONG & CHINA GAS Co., Ltd.
29, Des Vœux Road Central and West Point
A.P.B.
SOUTH CHINA KNITTING FACTORY,”
Owing to the rapidly increasing demand for our HIGH GRADE COTTON SOCKS.
We have recently installed the latest machinery, making it the. MOST MODERN KNITTING FACTORY IN HONGKONG.
We can now cope with the largest orders in the shortest time, and invite enquiries from Wholesale and Export Firms who are interested in a class of Cotton Socks which have rapidly acquired a wide reputation throughout the Far East and India for Quality and Dependability.
Office and Factory Unble Addres
MONOKOK," KOWLOON. Tel. K583 SOUCHIKNTT, HONGKONG..
[104
•A.P.B
HOW MONEY IS LOST.
COMPARISON WITH HONGKONG.
BOMBAY STOCK BROKER ON SPECULATION,
|
FOREIGN TRADE..
HINTS, TO BRITISH MANUFAC- TURERS.
Mr. A. M. Samuel, M.P., Parliamen- Stock and share brokers in Hongkong tary Secretary, Overseas Trade Departe will road with interest, and possibly with ment, speaking at Working last month, a certain amount of sympathetic under said he saw the steady rehabilitation of standing, remarks made by the Chairman | Our trade. If it were not for the coal at the annual meeting of the Bombay trouble we should find ourselves. he 'be-- Native Share and Stock Brokers Asso-lieved, in very say position. Ha ciation on February 17th.
drew attention to the many luxury and decorative goods which could be well Apparently Bombay suffered from made in Britain and which, he declared. crisis in June last somewhat similar to should be taken in hand and developed.. that which occurred in Hongkong and, Many of our small trades produced from all accounts, similar legislative articles called "luxury articles, which measures were adopted to meet it. had become part of the ordinary com- The Chairman of the Association forts of life. There was a demand for referred to Mr. K. E. P. Shroff, aid; them at home and in the export markets.
The year 1993 will be remembered in
It was not so much a question of price. our city's industrial and financial, history It was a question of taste, design, and for the scries of important events which decoration. followed one another, such as the crisis on the Exchange, the enactment of the Securities Contracts Control Act, the prolonged strike the mill bands, the suspension, of the excise duty and the appointment of the Royal Commission on Indian currency. It must be noted that the Association never experienced so
Take table glass. Our foreign cus overe a crisis as that of June last. Still tomers would not any longer buy an it must be acknowledged that it was article which looked like a turnip slashed Watsons nothing in its evil effects in comparison over with deep cuta and called a glass Ferries with the several more disastrous crisis bowl To-day certain European coun- P.0. Banks the London and New York Extries were making glass which they were Cements nelling in tons and for which they were Electrics changes."
overstocked with orders. We should make a bid for that trade. When he spoke of "luxury" goods, he meant those goods which were within the reach of the middle-class of every provincial
on
ROW HONEY 18 LOST. The reasons why people lost money on the Stock Exchange, as enumerated by Mr. Shroff, appear a little naive. He says: The main reason why a large namber of people unfortunately lose money on the Stock Exchange is well known. All sorts of tips are circulated to buy this or that stock by speculators and irresponsible tipsters. The public, without understanding the market, rush in with the idea of an advance in price only in their heads which is seldom realised. When they discover to their grief that they blindly entered into speculation and accepted risks beyond their means they put the blame on the Stock Exchange and even write absurd articles in the Press. This was what happened, as usual, during the last crisis. It was in this way so called public opinion was mcaufactured and bue and cry raised to take legislative mea-
ccat no 'more
to make
goods of beautiful design than it did to make ugly ones. It was hopeless to con- tinue to produce goods which wore, popular at exhibitions at the Crystal Palace 30 years ago, and which were made on the designs of the great exhibi- tion of 1851.
in
if
“
UBEN
Qu
› EUPER T
TO-DAY
REGINALD DENNY
WHERE WAS I”
RELANGE
MORE
LAUGHS THAN
'OH, DOCTOR "
MORE SPEED THAN
I'LL SHOW YOU THE TOWN."
INVESTMENTS
WE BUY
Providents Wharres
Chins Lights
(old, new, comb.)
Hongkong Tramı
Malaka Pindas
Lana, Crawforda
Telephones
Constructions
Developmenta
WE SELL ---
No Lot Too Small No Los Too Large,
Taxis Malakoffs Lunas
Ranb
Jorams"
HONGKONG SMALL INVESTORS SHARE & REAL STATE CO.
TEL. 4430.
CLOSING QUOTATIONS.
Hongkong Bank Chartered Bank............ Mercantile Bank, A. &
Do P.&O. Bank.
Do London..
..
Marcz 10TH, 1926.
..$1,095 buy,& sa.......
€125 nöm elit nom. Les bay..
10, Des Voeux Road.
BANK.
REPORT FOR · 1924.
[1.95
We have just received a copy of the Report on the Chinese Post Office Savings Book the year 1924 (the thirteenth year of Chung Hua Min Kuo). In his introduction, Mr. Liou Fou Tcheng, Director-General, and Mr. H Picard- Destelan, Co-Directors-General, say:
the world. Our pottery firme produced HONGKONG STOCK EXCHANGE. Į CHINESE POST OFFICE SAVINGS some of the finest pottery in the world, yet they seemed to neglect to produce interesting figures of animals and de- corative designs the human form. There was aufge market for these things, as might be seen from the sales of Northern European figure manufac. turers. Let us go to see the art and craft figures to-day at Burlington House, They would there find models of animals, children, and men and women in the Fast Asia Bank. most attractive costume. The time bad Canton Insuranct. gone by when the Staffordshire potters China Underwriters could confine themselves mainly to the North China Lasurance sale of goup plates, washing basina, Union Insurance ........ potato dishes, and-tea services.
Yangtare Insurance ....... Again, the making of musical instru-| Okins Fire Insurance L
Fire Lururance ments, the mounting of jewelry, woollen Hongkong
|
U. & M. Steambosts
sures to remedy so dismal a state of sports goods, articles for the
dressing on
affairs."
HASTY LEGISLATION.
table, contained a larger amount of labour value than of material value. "And it was more astonishing," Mr. carried as samples by our commercial
These things were light and could be Indo-Chinas (Prat.)
Do. (wet).... Shroff continues, that without due and travellers in foreign countries and taken. Shell Transports public enquiry the Government intro-right into the shops and warehouses of
Star Ferries.. duced hasty and immature legislation in foreign buyers. The time had gone when Oriental Navigations
Waterboate We may concede decorative glass mennt modern copies of the Council. that perhaps the object of the Govers antique Irish glass to be sold in War- Malabon Bugars
China Bugars ment to check gambling on the exchange | dour-street or in the dealers shops of Boop Mining Ad............. was excellent in the abstract.
All the England.
Also the time had passed Kailan. same in practice it will be devoid of when electric light lampstands meant Langbata (combined) rendering that it has in view. The Act just an ordinary old China body with a Do (single) in no way will abate the evil, and I metal fitting and a parchment shade. Shanghai Explorations once more venture to emphasise the The French and Austrian designers had Bhanghai Loans epinion I have publicly expressed that gone beyond that. We should not think Baub...... the troubles on the Exchange are in no that an electric lampstand for the sit-Tramoh. menner due to any mismanagement, or ting-room was satisfactory if it looked Unal Caspians misorganisation or faulty methods on the like an article made up of half-a-dozen HK, & W. Decks. H.K.& K. Wharis. part of the Brokera Association
worn-out things which we had dug out
It would seem that Mr. Shroff must from the box-room. There was a large MS *****
have been in communication with some of the tombers of our own Ice House Street community. He concludes:
In their fever of excitement and in their keen desire to get into the swim of speculation (where money making on the bill tack seems to be so easy and so rapid) the people lose that sense of financial proportion which is essential to keep prices within reasonable levels. It is an old saying that the higher the rate the more intense the speculation. This has been the case Jor Speculation as long as the world lasts is certain to remain a strongly rooted
element in human nature.”
some years,
CHINA'S HUGE ARMIES.
RUSSIAN FIGURES.
trade to be done in decorative firearma,
electric fittings, bell pushes, switches, H&B. Howls
Shanghai Docks,in
and electric wall lights. Much of that stuff was made in France and sold in Hongkong bonds North and South America.
"But," he HK. Territorial (£p.)..
Hongkong added, "South America has made up Humphreys Hatates.. her mind not to buy lacquered metal Prince's Buildings... goods which look like the gas fillings of Rural Lands a gin palace."
Ewo Cottons Orientale Shanghai Cottons (old)
Do. Amusements Canton. Leas
TRADE SAMPLES:
Do.
£1st bay.
дал
800 buy.
if nama.. .... ile 145 nom..
$990 baj., 1992 in.
BOAL..
$1to buy.
1545 buy, des.
...J9j nom..
1 nam.
bay.
20/3 bay.
250 nom. 8a7 buy. 271 cm. 43) nom, 41 nom.
426 buy. Th. 23 buy.
fls. 11
buy,
Tis. 5 sel. Tls, 7 nom
$5 bay.
55/
buy 8/nom $138 buy. ....361 buy, że m. Tis. 155 buy. T. 6 buy.
..$10 buy.
by
€5 80.
$5) soL·
$14 buy
.87 nom. That bay.
Tia 3 nom
Ti bé buy.
TL 28 bay
$117 buy,, 12 s.
sił nom.
Since the inauguration of the Post Office Savings Bank, six years have passed, and, as will be seen from the various figures of the annual report of the period under review, gradual progress has been very steady.
Deposita in big dollars during 1924 amounted to $5,877,563 56, an increase of 16 per cent. over 1921, and withdrawals to 95,203,350.60-an increase of 23 per per. over 1923, while the amount due to depositors grow from 83,772,792.04 $4,630,850.38-an increase of 21 per cent. over 19 The number of depositors in creased from 26,606 to-39,458.
to
Kwangtung small coin currency det posits have also increased, the figures being 81,281,003.21, as against 31,064,211.85 in 1923, while the amount withdrawn was $1,044,410 63, -83. COM- pared with $934,596.70 in 1993; the total aincant due to depositors at the end of the year was $1,405,910.48,25 against $1,095,607.72 in 1823-an increase of $360,30276 or 33 per cent. The number of depositors (in small coin currency) increased from 7,000 to 8.807
During the year 24 Savings Banks were opened and 2 closed, making the number of offices open at the end of the year
300.
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE.]
· Ruasy, March 9th.
To-day's exchange rates are as follow: Paris
Brussels
-Amsterdam
Berlin Copenhagen
Vienna Helsingfora Lisboa Buenos Aires
Yokohama
New York Gleneva
Milan Stockholm
Osto
133
ᎥᏳᎢ ..
12.12
20.41
18,74
34,50
431 3/01
1/10.3/16
4.86.3/32 25.25
... nom. ....$10h bay. $13 bay.
The 101 bay,
buy $15 boy.
(LET)....
$12 bar.
bay
$19 buy...
121
10 nom.
-18.12
61/2
22.82
Prague
.184TM
cte, nom. $34 901.. $1$ nomi.
34.48
Rio
Bombay
1761
Do. (now) (.p
$24.80 but. 25 is. $ll nom $21+ DOM Sing buy. ..$t bay..
Hongkong
9/4
Silver (spot & forward)
30
sel.
nem. nom
Do
Do.
Mr. Samuel went on to say that South America would not buy plain cutlery They wanted ebony handles or carved ebony or ivory and chased blades. We Cements (combined)... could produce better than the foreign
Do. (old) iver countries if we set our minds to these new designs. "The question of cheap China Buses...... production, he proceeded, *' is not so Ohina Lights (combined) vital in the decorative trades, since if Do.. (old). the goods are very beautiful the buyer forgives the higher cost of the article China Providents when his eye is fascinated by the beauty Constructions manner. 13 nem. of it. In fact, beauty and humour are Dairy Farms Three and one-half times as big as the entire standing armies of the United irresistible, and the adult is just as much Der A Wing (L.p.)......... States or Great Britain are the armies a victim of a toy sa is the child." Hongkong Bistrica of China's warlords, according to figures There was an enormous sale also for Macan Electrics
H.K. Developments recently collected by the Investigation glass beads at home and in the export AK. Beper (combined). Department of the Red Army and markets, not only for neckwear, but foz published in a Shanghai Russian news the decoration of dresses. Was there not an opening, he asked, for British-made paper. The figures reveal that Chins at
beads of a distinctive British derigu present has 535,419 men, under arms. And these figures do not include the Yet we made none. There was a great thousands around Canton and in South market awaiting in these things. They had collected within the last few weeks The anti-Mukden faction forces are the at the Department of Overseas Trade largest, totalling 290,670 men, it is said. samples of the things to which he had These are distributed as follows: Ho-referred, and those things were at the aan 185,254 Kiangau 38,784; Chekiang disposal of any British manufacturer other provinces 27,867; Wa Pei Fu's bought abroad in these particulaz 20,000; Hupeh 37,857; Anhwei 10,657 who wanted to know what was being articles, what they looked like, what they [But it is now clear that Wu Pei Facost, and where they were likely to sell, besides finding the market in Great in not anti- but pro-Makden-ED.]
Commenting on these forces, the article Britain. states that they have inferior armament, are paid irregularly and their garrisons exist principally or contributions of the people of these province.
China
forces 11,469.
Mr. Samuel remarked that articles made in Great Britain but not sufficient-
Hongkong Tramwa
Urwwfords, Mackintosha.. Feat Trams (old) Sinceres.... Unned Asberton Watsons (old)
Do. (new) Wm. Powell Telephon Singapore Tractions
buybuyers; anl.
nombringi.
..$3) bay, BOL ilers)};sa=sales ;
Madrid
RUBBER MATS FOR POLICE.
Policemen on point duty in Birming- ham have been provided with small rubber mata, which effectively insalate them from the cold and damp. Those who have used them say the mata have greatly reduced the number of colds from which per on traffic direction duty suffer.
PREPAID WANTED **
ADVERTISEMENTS
LET-EUROPEAN RESIDENCES
It
in
Bu
ly pushed abroad, were sports goods of embroidery outfits, leather cases for all kinds including the requisites for scissors, handles for umbrellas, paper Our Bris the arms of Marshal Chazs, Tso Liu Badminton, lacrosse, croquet, sporting had not got the planie at present 10. LET EUROPIAN BROWN ES
The second largest force in China are tennis football, cricket, hockey, rackets knives, and other goods. with 188,841 men, exclusive of cookies. guns, fishing rods, and other fishing to manufacture the shapes required, bat Of these 105,705 are garrisoned in Man tackle, and the requirements for winter by the various firms of distinction com UNITZASITY Comprising Booms, & Bath churia while the rest, tonsisting of 19 sports. In these we sold the best goods; bining they could rapidly attack the rooms. Up-to-date Sanitation, Electric Light, divisions and numbering 83,078 men, are but we were rapidly losing our markets markets of Europe, dividing up the course well as Garage, at $175.00 Monthly These Residences, on MOUNT DAYIN ROAD, stationed in Shantung. These soldiers for them owing to the up-springing of tries between them
PORFOLIK South and are situated in are well equipped, but are paid irre factories for the manufacture of sports Mr. Samuel mentioned as other mana One of the Most gularly and very little, the artiele states.goods in America and elsewhere. Goods factures which we could tackle and push Horoxoelightful Localities
Very Shortly to The third army division, which the being made here but not sufficiently musical instruments, telephones, sad Provide This Neighbourhood withs article makes in that of the Kuominchun marketed abroad were metal objects, wireless sets We accepted," he said, Bervice at Fopalar Rates: Apply to- A or People's Army under the commander auch as metal dogs, knockers, sconces," the vulcanite telephone receiver, but no JOSEPH, Prince a Building. ship of the Christian General, Feng Yu fire-irons, bell pulls and pushes, cutlery, one ever attempted to enclose it in a 16. Hsiang. In this army there are 60,000 Jewel caskets, hand mirrors, silver box or case to keep the instrument men, most of whom are stationed at mounted glass bottles, photograph frames, clean. Our equipment was second to Kalgan. They are now undergoing re pipe-holders for the table, silver hand- none for wireless sets, and in a few years formation with the aid of the Soviets baga, bronze fittings for bath tars, wall time every house, if not 'every room in These soldiers, the article states, are holders for use in bath rooms for gloss, a house, would possess a set. We ought splendidly equipped and do not lack soap, brushes, sppages, decat present to produce a certain amount of more funds. The pay of the men is regular we did not make luxury and artistic modern stuff for foreign markets in silk and no contributions are imposed upon goods requiring a large amount of Inbour ties Silk graduated in colour was much the people The Boviet are providing in relation to the price of the material in demand for customers abroad He large funds and are sending arms and such as boxes and receptacles of all kinds, concluded by saying that we should press instructors to General Feng
(Oontinued on next Column.). all these things ahead.
Telephone
·[187]
No.. NO.
THERAPION THERAPION THEBAPION NÖ.
26,1 km Bladder Chiefkat Ho. 3 for Wood & Micha. Zeman Jo. 3`Ser Chranila Tanknason/"BOZENE