GENERAL
THE HONGKONG TELEGRAPH, FRIDAY, AUGUST 18, 1916.
SHIPPING
NEWS.
3,400 at the Mitsubishi Shipbuild-operation of them will be settledtion law,b having as its purpoes
ing Yard (Kobe), 9500 st the Kawaki Dookyard (Kobe), 3,000 at the Osaka Iron Works, 1,900 at the Uraga Dockyard.
Canadian Ships for Canadian Trade.
HONGKONG SHARE REPORT
SELLERS; SA SALES: BUYERS; N.NOWDIAL.
OFFICIAL FRICES.
BANKS.
b. x. d. $740 MARINE INSURANCES..
FIRE INSURANCES. China Fires n,
Douglases Steamboats Indos (Def.) Indos (Pref.) Shells Ferries
Malabons
Kailans
Japanese Shipbuilding, mortgage of shares in any ship-changes in the sarigation lawsof to pet into- operation, The number of Japantee work- Ships have to be constructed so sathe United Staten as will place wisely the Dominion Government men employed in shipbuilding in to class under Lloyd's, Barein ship of American registry on sphering inducements to these Japan is pat at about 30,000, Veritas, or the British Corpora competing basis with ships under great and reputable arms, and including 10,000 at the Mitsub- tion. The wages for the building foreign fisgs. “2. We favour a not only may it be announced in shi Shipbuilding Yard Nagasaki), of the ships and the manning and thorough revision of our naviga. the future that Canada will be building many of its own ships, by the commission. The superin the repeat of all laws imposing at this division and spreading tendent of the commision, or a necesary restrictions on the out of the industry will have a Banks person nominated by the com- construction and operation of very fine effect in readjusting the mission, will act as the managing American ships in the overseas relationship of labour and in Cantons owner of the ship until loan is fully trade, and the adoption of such making provision for, those aaw North Chinas repaid. Ships are not to be sold lawa sa will permit the develop conditions of industrial life that; Uniona London, July 13-The British or transferred, except with the ment of merchant marina, 3. must inevitably follow as a result, Yangiszes Columbia Government's propossis consent of the commision, for five Government ownership and opera of the present world upheaval. for subsidising shipbuilding in years from the date of the making tion of vesel, direct or indirect,The congestion of labour and that province and the establish of the loan. The cargo carrying for out-commercial purposes, is cutput in crowded areas in this H. K. Fires ment of certain powerful British capacity of each ship must be not consistent with a sound country have, for years past, been shipping interests in that part of used to the fullest extent on out- American shipping policy. The something of a national factor ic the world have aroused. sush ïne werd Toyages from British restoration of the American "Mer-anabling labour agitators to set tareat here that the London re- Columbis, and they are always to chant Marine to the overseas up a system of tyranny towarde presentative of the Journal of be operated to the satisfaction of trade can be best accom- capital and enterprise. Commerce took the opportunity of the commission. The rates of plished “through private initia. interviewing to-day the Agent freight are never to exceed those tive, ownership and operation.
A New Icebreaker, General for British Columbia, Siria force in the States of Washing-The greatest possible free- Richard McBride, who indicated ton, Oregon, and California. Aldom of action abould be given
The following are the particu some of the forces that are already underwriting is to be made private enterprise for the purchase lars of the icebreaker J. D. Hazen on the move towards building up payable to the commission. One and building of American ships launched by the Canadian Vic a powerful shipbuilding industry per cent, of the grows earnings of and their operation under the Eers, Ltd., Montreal, for the in Western Canada. "In a letter the ship has to be paid into a American flag. "4. We believe Canadian Government. It may I have just received from the reserve fund of the commission, that the regulation of ocean rates be here stated that the vessel has Langkats Prime Minister of British Colum- a payment from the chipping should be left to the natural lawe since been sold to the Russian bia" sid Sir Richard McBride, industry benefitted by the act to of supply and demand, and that Government. Her principal dron "he states that there are Eve the Government cost of the the power of the Federal Shipping mensions are:-Length over all, keals laid at Vancouver, two at bill. Loene will be made at Board in connection with rates 292ft.; breadth moulded, 57 ft., Wantminster, and three at Vic the rate of 8 per cent, per should be confined to the in-depth moulded, 32ft.; draught, toris. These are all good sized annam, payable half-yearly. The vestigation and prohibition, with mess, 191ft.; sheer forward, 4ft vessels, and will likely run principal sum has to be paid off proper penalties, of unfair prasabeer aft, 2ft.; with an i.h.p. of in service to Europe, ris she in five equal annual inelelmente, tices and anjust discriminations. 8,000, and a speed of 15 to 16 Panama Canal, British Colum. On independent shipping the 5. We favour measures that will nots. She is of the twig-screw bis has the richest timber pre-commission will pay to the owner build up a naval reserve of officers type, designed to work through serves in the world, and is rich of each ship, not exceeding twenty- and men under such regulations the ordinary sheet ice formed in in many other valuable products. fire vesels, constructed and sa may be prescribed by the Secrethe river, from 12in. to 300. All that is required to make her launched in the provines of British tar of the Navy and approved thick, and pack ioe formed in Land Invest. trade prosperous is tonnage, and Columbia after the passing of by the Shipping Board, and pro- certain parts
of the river, Hiphreys Est. now we are building ships for the Act, ten annual instalments, riding appropriate retainers to particularly at Cap Rouge, Kloon Lands ourselves. The very last wish I so that the net sardings of the ach officers and men of American will, could have at a time like this ship-shall be 16 per cent, on its citizenship whoserve on American and
with the displacement S'hai Lands would be to voice, a complaintsotaal cost of running for the vessels and who shall volunteer sacosasfully met. She is of mas
power developed, be West Points against the mother country, but year. This subsidy is never to for this service. 6. We favour sive construction, built to Lloyd's Ewes it is a fact that British ships have exceed five dollars per ton of measures to establish direct and requirements for 100 Al class. Kung Yiks →in the plot given place to Ameri- dead weight cargo capacity. This regular comunication under the The atem, a massive steel casting, S'hai Cottons
cargoen when Canadian subsidy will not begin until after American flag with important is raked sft, and the stern of the Yangtszepoos b. cargoes were waiting for tonnage. the war, and will be then paid trade porta in foreign lands, and cruiser type will allow of easy In British Columbia we feel now yearly, but only to abips mailing approve mail subventions if propulsion and steering when that we Eave contributed to the to and from B. C. ports. Loans necessary for that purpose.”
going astern among ies. STIL.. war and are part and parcel of are also to be made ou favourable
Borner.d. the Empire, and as so many peoterms for the erection of ship-
water-tight very Providents
se, there being seven main Dairy Farms ple here have investments in building yards and dry docks.
transverse water-tight bulkheads Green Islands British Columbis, the time has
extending to the upper deck. The H.K. Electrics come for England to cultivate and
side banker walls are also water-H. K. Ice Co., stimulate this trade with orie
tight to the upper deck, and an Ropes
сал
OD
Tao
tbe
Raubs
Tronohs
BANKS.
BANK OF CANTON LIMITED.
BANKS
HONGKONG & SHAKUBAI -BANKING CORPORA
ANITION,
HEAD OFFICE HONGKONG Paid-up Capital....$15,000,000
FOREIGN EXCHANGE and General Banking Business Trans- acted.
CURRENT ACCOUNTS open- ed and FIXED DEPOSITS Re- eeived..
INTEREST ON FIXED DEPOSITS:
For 3 Months 3% per annum
"
LOOK POON SHAN,
Chief Manager -
NOTICES.
NOTICE.
PEAK TRAMWAY JO
LIMITED.
TIME TABLE.
WEEK DAYS.
·5.00 Bull. Every'is M200. TO ME.
43.00 AM-
(263 73
2.13 7.1.
M
w IS MIN
$895
EL sa.
t. 155 $320 D. ex 75 $260
$154 $385
SHIPPING.
For 6 Months 4% per aratm For 12 Months 41% per annum
b.
$183
t-
$224
$127
$18
f.
110/-
b.
$36
REFINERIES.
Sugars
158
g.
$112
$59
MINING
31-
Ba
1.26
A.
$2.50
1.6 4.a. t
N
a.
30/-
347-
Local to TRCE AM to 15.30 AM, 10 5818) 9.00: Co
H
W
$
BES THE
版
$83,50 $127
1400 83 to
kee sells
t. 67
t. 844
LANDS, HOTELS AND BUILDINGS.
12.17 2.3.
19.00 NDES
Centrais H. K, Hotels
18.00 Noon to
F
a.
$100
- to
B.
$115
5100 Pla
2,00 Put to $.00
BT
$100
-2100 9,001 18. LI
11.
$6.76
ni
$38
t. 92
$88
COTTON MILLS.
b.
b.
b.
t, 143 t. 131 t. 931 t. 43
MISCELLANEOUS.
THE
b.
Да
$8,60
*41
D.
$3,60
b.
1.
$51 $160
Na.
$85
DOCKS, WHARVES, GODOWNS, &C. H.K. Wharves ba S'hai Docks H'kew Wharves a
Kowloon Docks b.
Laundries
1.
b.
U. Waterboats b Watsons
$91
b.
b.
$16,85 $8.50 $6.85 $29
Wm. Powells Morning Posts, b.
CORRECTED TO NOON FRIDAY AUGUST 18, 1915,
BENJAMIN & POTTS. Share and General Brokers.
Princes Building
Tel. address: Broker.
EXCHANGE.
Demand
SELLING.
NIGHT CAFE -
7.30 PM) und 9 marg BJO PAU» \D
15.DO FINI very kill bas
11.00 7.00 10 15:41 F
avery ɖkarkar of an bult
SUNDAYS
7.18 M. tog alle. Erest 15 Min..
14,00 AM
1+00 har
NIGHT CARS`as no
SATURDAYS
ROSE
10 SEUM
to Max.
at Mar
U Mi
Work Days
Laura Cara in midnight.
SPECIAL CARS
By Arrangemmt 12 the Compnay's Offe
Dus For Road, Central,
"Season and punch “tick ein available for all cus col already full, running at the time stated in the Company's time tables, but not for special cars can be obtained on application at the Compary's Offic No Season ticket will be ined until payment ber far has been made in Bank Nolas or by ChequaÁN Compradore order representing Bank Notes
JOHN B. HUMPEREYS & CO.
CHINA PROVIDENT LOAN AND MORTGAGE
* COX LTD.
(Capital Paid up...$1,250,000.)
Loans longaze of House Property &t. Goods received on Storag
Advances made on Merchandise. Loan made on the Provident System (Rates and Particulars on application)
The Office of"
TRUSTEE EXECUTOR OF WILLS. ATTORNEY, &c, Undertakers and Exccured
SHEWAN, TOMES & Co.. General Managers.
MITSUBISHI COSHI~~
KWAISHA. (MITSUBISHI CO.)
COAL DEPARtment,
SOLE PROPRIETORS GF- TAKASIMA, OCHE MUTASE, KISH- IDAKE, YOSHINOTANI, HOJO, NAMA- ZUTA, SAYO, KANADA. SHOREW, KANIYAMADA, NIBAI ana BYUBARI.
Colliertos.
Agent for SAKITO COAL.
HEAD OFFICE:-.-
MARUNOUCHI, TOKYO.
RESERVE FUNDS; Sterling pig
£1,500,000 at 21-
**** $15,000,000
Silver ...$18,000,000
$33,000,000
:
Reserve Liability of
Proprietors..................$15,000,000 COURT OF DIRECTORS. Puttenden Ess-Chairman,
#.
5. 11. Docetil, Eng. Depetys bairman G.T.N.Ediles, Esq.
C.: Subbay. Ed.
Hoe, Mr. P. H, Hoisant.
Roa, Hr, D Landale,
J.A. Plummer, Beg
lion, Xr, & belim,
CHIEF MAXARM
Hongkong. J. Stabb, Eng.
"MAKAGA
Shanghai-d. . Etephen,
4),
London Bankers-London County and
Westminise, Limited,
Hongkong Interest Allowed:
Os Current Accostal at the rate of 7 per cent, ve
annem on the daily balance.
UN FIXED DEPOSITE
For 3 months, 1 per cent, per annum. For 6 months 14 par ceut, pur scrum. Per 1 month per cent, pet ezaum.
N. J. STABB.
Chief Manager.
HONGKONG SAVINGS BANK
THE Evinews of the above Bank
the HONGKONG AND SHANGHAI BANKING conducted by Rules KORFORATION.
may be vuciared on application: INTEREST on deposits.14 allowed on the min- in monthly balances at dai per cent, per aan. Depositors may transfer, at their option, bal bon of Bionor more to in Hongkong and Shangha Bank to be placed on FIXED DEPOSIT p
CEUL DET ARRUM,
For the Hongkong and Shanghai'Banking Corpera tion,
N. J. STABB,
Chief Managar.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.
Incorporated by Royal Charter IE13.
MEAD OFFICE-LONDON, Paid up Sapitalam corrompu, 200,00 Reserve Fand£1,800,000M Reserve ability of Proprietors£290,000 FOREIGN EXCHASGE and General Banking
bibes tracted.
CURRENT ACCGUANS oped and PIXED DEPOSITS received for å peas or chorar periods, si rates which will be quoted ca appăcation, T. C. DOWNING,
Manszar
Hongkong, 11th April, 1912,
INDIA, LIMITED. Head Office 15, Gracechurch Street, London.
Authorised Capital Bubscribed
Paid Up
Reserve Fund
The
The London
Rembay Calcutia
Colonie
De bi
Galle
Hong Long
Howrah
Kandy
....£1,500,000
***...TM 1,125,000.
BAKXER:
562,500 550,000
Bank of England, Loint ttock Bank, Limited.
BRANCHES
Port Louis (Mauriti
Karachi
Kota Bharu
Kukla Lumpur
Madres
Perang
Rangoon
hanghai
Lingapore
ROJGKONG BRANCH. Every description of Banking and Exchang business transacto
Interest allowed on Current Accounts at y percus per annum co Daily Balances, and on Fixed Depot at rates which may be ascertained an applicanzone:
C. CHAMPKIN,
Acting Manager.
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE: fo. Wall Se, New York
LONDON-OFFICE: st, Bishopsgate, C..
BRANCH OFFICES :-NAGASAKI, CAPITAL FAID UF .. ...$3,250.000
KARATSU,
WAKAMATSU RESERVE FUNDS... OTARU, MUROBAN, HAKODATE KOBE OSAKA, KURE, TOKYO, YOKO | HAMA, NAGOYA, TSURUGA, VLADI- VOSTOCK, HANKOW, PEKING, LON- DON, NEW YORK, SHANGHAL HONGKONG EAIPHONG and
2/134 2/1 7/16 2/14 2/1 56 2/1 12/16
MOJI
72
9.)
99
157) 157 32 50 14 1214
Eripire Shipbuilding. There are
ways Lurnal of Commerce, that, even probably before the end of The U.S. Shipping' Bill.
infiel vmmittee was the war, a new epcob in ship Columbia. There is a great recently appointed by the New building will develop in con- inner akin is provided between Trams, Low Level b. & na. $7,50 dearth of shipa At present York Produce Exchange for the restion with the British Empire, the fore peak and the forward Trams, Peak; old b.
the Pacific Coast, and we purpose of studying the Admini. and that certain famous ship bunker, the balkheads thus Trams, Peak, new b. cents.80 what ebips as feat no we can aration's shipping bill, now be building and engineering firms forming, in conjunction with the get them. The Japanese comfore the United States Senate, in this country will open yards in double bottom, which extends the panies are very busy, bat they do and has now rendered a report. Canada and probably in Australis. fall length of the vessel, a doable not touch the trades that we want Government ownership and Such a possibility three or four skin extending from the engine to develop with England. There operation of vessels is condemned years ago would have been re-and boiler room balkhead right is a very keen competition. be as inconsistent with sound U.S.garded in a negative way, for it forward. Access from below to tween U.S.A. shipbuilding yards, shipping policy, but the appoint. is a peculiar fact that the bulk of these water tight compartments in and USA. shipping in generalment of a Federal Shipping the people in this country, outside provided for by water-tight doore. and B. C. interests. The Statee Board is favoured. The opinion the shipbuilding areas, ara of Washington and Oregon are in is expressed that the proposed ignorant of
Large trimming tanks are placed the Geld with us for the export of board should have general super-national importance of the ship- special pamping arrangemente supreme forward and alt, connected with simber, so we naturally want all vision over shipping, and should building sad allied industries. so that the vessel may be trim the British eapport we can get, perform the duties now assigned The war has brought about in a med quickly. The framing amid- The authorities in this country are to the Steamboat Inspection rapid and vivid manner the reships and approaching the ende very-friendly in their disposition Service and to the Bureau of alination of the fact that on ship forward and aft is of heavy towards us, and now that we have. Navigation.
committee owning and shipbuilding the or soon will have, ships of our favoures thorough revision of the future of the British Empire will spaced 18:2, and at the extreme chandel Bection 12in. deep, own, a rapid expansion of West- navigation laws having as its have to rely to a very great extent. ends of the vessel the spacing is ern Canadian trade is anticipat purpose the repeal of all laws It has been hinted that Mesars. reduced to 15in. The complete T/I ed." Sir Richard Meliride went imposing unnecessary restricVickers and Company contemp framing is bound in very ways. on to explain that they expected tions on the construction and ate a considerable expansion in practicable in order to form a 60 dia. no labour difficulties whatever operation of American skips in Canada, and there is linked with in Canadian shipbuilding yarde, the versess trade, and the the name of this firm that of pendent of the outer plating. At T/T Shanghai......
complete atractare in itself inde 4 m/s. . -...-... They bed good supply of adoption of such legiala Messrs. Yarrow, of Soutetour, the ice breaking water line, and T/T Singapore workmen, bat he thought tion will permit
the who already are directly interest running fore and aft for the com-T/T Japan that before long they would redevelopment of merchanted in ao extremely important pleta. length of the vessel, I/T India quire skilled shipbuilding labour.marine. The following is the text ship-repairing and shipbuilding special ice belt is fitted, 161t. Demand, India The famous British builder, Sir of the resolutions prepared by the enterprise on the west coast of deep. 1o. thick at the stem, and T/T San Francis-1 A. F. Tarrow, bad established a special commitee on merchant Canada. The famous firm of Mecare, lin, at the stero. Forward in the Tery successful yard at Esqui- marine and approved by the board Sir W. G. Armstrong, Whitworth bows and from the bottom of the mault, and there were other yards of managers of the New York and Co., as is well knows, had ice belt to the keel plate, the T/T Francs 2.93 under way at Vancouver, Victoria, Produce Exchange: "LA. In order some time ago realised the poten-plating is for a considerable die- Demand, Faris2.98 1-2 Westminister, Nanaimo, and to provide for a constructive na- tialition of Canada for shipbuilding Price Rupert. The coast of Brit- tional policy that shall be con- purposes, and have been engaged thick
aft 13gin, and lib.)
respectively. The ish Columbia was specially good sistent and progressive in the up for some time there, bat it is main for shipbuilding yards, and the building of the American Mer- further interesting to hear the consiste of "twin-screw, triple 6 m/s. LIC 4 m/s. L/C propelling machinery
4 m/s. D/P. launching of large vessels. The chant Marine, and to give greater suggestion that Messrs. Cam- vamela will, of course, be regis efficiency to the administration of mell, Laird and Co. and also ing engines, with cylinders 28,
Farface condenɛ- 30 ds. Sydney & expansion, tered in British Columbia. The the laws of the United States Mesers. John Brown and Co., 46, and 75m, by 48in, stroke, cap- 30 da. San Franc-1
Melbourne...... most important line of trade relating to shipping, e permanent Clydebank, are on the point of able of developing 8,000 collectiva isco New York development by water transporta Federal Shipping Brard, to be laying plans for shipbuilding i.h.p. when running at 100 rpm.4 m/s. Marks....Nom tion would be in the timber composed of five members, zone purposes in Canada. Whatever The shafting is made stronger 4 ms. Francs industry. British Columbia had of whom shall hold any other immediate foundation there may then actuel requirements, to with. 6 m/s. Francs.....3.16 wonderful forests of fir, pins, Government position, should be be for these rumours there can be and the shock, should the pro-
Demand, Germany.. sprace, and oedar. To cope with appointed by the President with no doubt that the shipbuilding ellers strike solid ice, and the Demand, New York. 50 36 coming developments in the Inm the approval of the Senate. "B. firme of this country are the most propellers themselves are expec: Demand, Bombay... ber industry Mr. J. G. Words, The Shipping Board should have progresive and the most enlly strong, being of nickel steel. T/T Calcutta..
TIT Bombay .......... well known lamberman, of Vaz- general expervision of the Ameri. lightened of any such firms in the Independent air, feed, and bilge Demand, Calcutta... 1574 15734 couver, B, O., had been appointed can Merchant Marins and should world, and that they may be pumps of extra large capacity are Demand, Manila... $9 A special timber represents take over the duties now perform relied upon not only to continue provided. The wireless telegraph Demand, Singapore. 9) V tive in London, Speaking ed by the Steamboat Inspection the lead, which they have held cabin and operator's room are on On Haiphonk ......... about the new Shipping Act re- Service and the Bureau of Naviga for years, but sader the new con- the boat deck aft, and the esp-On Balgon 314% prem. 314% prem. specting shipping in general and tion, and should have full charge of ditions and the broader sympatein's cabin and wheel house are On Bangkok... 72 % to make provision for aid to the the administration and enfores thies of Empire, that they will on the navigating bridge. Com-Sovereign shipbuilding industry in the ment of the navigation laws of the increase this lead to an extent plote hat and wold fresh water, Bar Silver, per Oz... province of British Columbia, Sir United States. C. The Shipping that, at any rate for many genera- asnitary and steam heating" aye-
Gold Leaf, per oz.... 53 49 Richard McBride indicated some Board should have authority to tions, will enable the shipbuild: tema are fitted throughout the SUBSIDIARY COINS, of its main features. A special investigate the navigation laws of ing industry of the British vessel, and also electric light. A commission has been formed to this and other countries and all Empire to dominate that of the archlight of 25,000 candle power deal with the granting of credits conditions flecting American whole world, whatever sctivition is also provided and fitted on the Chiness... 20 cts, pieces 1496% to shipbuilding concerns. The shipping, and should as promptly may be in progress in the United fore side of the foremast. The Chinese... 10 commission will lend money on as possible and from time to time States and whatever developments life-assing Appliances include Hougtong 20 ets, places 12 mortgage of any ship and on i recommend to Congroww auch Germany may subsequently desire four libsbosts, and ons cutter, Hongkong 10
tence
co & New York) T/T Java...... - T/T Marks ........... Nom.
BUYING.
2/2 3/16 2/2 5/16. 21: 7/16 2/2 7/16
51.34
3.11
9.35
DISCOUNT PER $100
CANTON.
Cable Address"IWASAKI," Codes Al, A,B C. 5th-Ed., West- ern Union, and Bentley's,
AGENCIES: CHINKIANG-Messrs. GEAR- ING. & Co., MANILA-Messrs. MACONDRAY & Co.. SINGA~ PORE Messrs. BORNEO Co. LTD, GLASGOW-Messrs. A R. BROWN, MCFARLANE & CO, LTD.;
For Particulars, apply to--
K. KATO,
Manager.
$3,628,000
£6,878,000
U.S. GOLD
BRANCHES:-
HONGKONG PEKING. LONDON SHANGHAI.
BOMBAY CALCUTTA KOBE
CANTON CEBU, COLOX HANKOW
SAN FRANCISCO MANILA SINGAPOKE NEDELLIN TIENTSIN PANAMA YOKOHAMA
Through its close affinice with The National City Bank of New York, the Bank is able to offer the -Services of the Branches of that Institutos in Cata and Fouth America, namely:- RUENON AVRE HAVANA, HOTEVIDEO, RIO DE JANEIRO, SANTIAGO, DE CUBA, FANICE, SAO PAULO,
All Kinds of FOREIGN & LOCAL BANKING USERS traicted. CURRENT ACCOUNTS opened and FIXED DEPOSITS received at rates to be ascertained on "Pication.
N. E. MARSHALA....
Manag
Hongkong, Jet Jure, 1916.
No. 2, Fedder Street, Hongkong. YOKOHAMA SPECIE BANK
MARTIN'S
Nom.
MARTIN'S
THE ALEXANDRA CAFI Cannot be Beaten, if: Equalled- for Bread, Cakes, Confectionery and wisis with Wines & Linsara,
THE
LIMITED.
Established 1880,
Authorised Capital Yen 48,000,000
Paid-up Capital ju Reserve Fundinama
$0,000,000
20,400.000
-Head Office.—YOKOHAMA
Boubey
Paldas
·Argi