GENERAL
Institute of Marine Engineers. $ 4.
*
High Prices for Second-Hand Tonnage.
pounds a ton.
The Korea Maru.
THE HONGKONG TELEGRAPH, FRIDAY, SEPTEMBER
SHIPPING NEWS.
Australia and Shipbuilding›
difference and excessive cost of
Iset
Precautions.
The Coming Boom lu Shipbuilding,
Japanese Vessels Under Foreign Charter.
under forsign charter, as it stood The number of Japanono vessela
on August I was 43 with aggregats gros tonnage of 148,787, showing a marked decrease from the pre- ceding month. This decrease ir das to the war rieks in the Mediterranean.
Vessels.
of
HONGKONG SHARE REPORT.
8-SELLERS; BA→BALES; B-BUYERS; N-NOMINAL.
Banks
OFFICIAL PRICES.
BANKS.
b,
$760
of
MARINE INSURANCES. Cantons North Chinas Unions Yangtszes
b.
b
"B
A
154 $390
SA.
$135
$22}
b. & sa. $130 b
$46
103/-
$28
5.
11,
$112 $38
MINING
-80-
t. 251
b. & sa. $2.60
12
30/-
n.
341-
REFINERIES.
K'loon Lands. S'hai Lands
b.
b.
1916.
BANKS.
"BANK OF CANTON
LIMITED.
HEAD OFFICE HONGKONG.
FOREIGN EXCHANGE and General Banking Business Trans- acted.
CURRENT ACCOUNTS open- ed and FIXED DEPOSITS Re- ceived.
INTEREST ÖN FIXED
DEPOSITS:
For 3 Months 3% per annum t
For 6 Months 4% per annum
For 12 Months 4% per annum
LOOK POON SHAN,
Chief Manager,
NOTICE. -
NOTICE.
PEAK TRAMWAY CO
LIMITED
TIME TABLE
7.00 4. Lo $.0 am, 10.00 AM to 13,36 &.2. 100 2015 P.MI CO By aka
EMS POO to (KAS PAL, TO
WEEK DAYS.
Lod. Event 11'Miza
15:06 AM
taş ma 1.45 PAMA 411 PALI 1.00 F
NIGHT CARS.
15 Msm,
Mam
13 XI
FO MU
.se pit and. 9 Paka, oigh val. ko
ILOG TKI ovary hall boun
12.00 FM to 1948 7.30
every curStar of an boF SUNDAYE
rogo alt. Erest is Minu 11,00 22
Pata bord.
1.za ..
NICHT CARS -
on Work Qays.
SATURDAYS
Extre Car stw midnight.
SPECIAN CARE
By Airnagment at the Company's Oßes, "Alamandra Bellabies,
"Sensor and paoch tickets available for all cars got already fall, running at the time stated in the Company's time tables, but not for special caar. Cas be obtained as application at the Company's Q5%- No Besson ticket will be issued until pay went there- for has been made in Bank Nota or by Chaque a Compradore order representing back taco.
·JOHN D. HUMPHREYS
*. 76
t. 85
20 AM
10870 AM. to 13.99 m.M. Lo
to Mont
100 Noo 11.00 Noor to 1:00 7.
To Men
LOG IN K
b.
$100 $115
3.00 Part
100 25,0
8:00 P
To Man.
1,00 ra ta
ig Mxam
10 Mis.
b.
$100
preys Est
b.
$6.75
n.
$38
West Points
IL
L. 94
I.
$88
COTTON MILLS.
b.
b.
t, 149 * 1, 14.25 t. 98
t. 5.40
THE
b.
5.
58.
$8 $4.75 $9.10. $11 $10,94
(Capital Paid up...$3,250,000:)
b.
$58
43.
$160
b..
$33
Loans on Mortgage of House Propaty &c. Goods received on Storage.
$7.40
$9,60
cents 80
b.
$31
D....
$17.00
b.
$7,00
$6,90
a
$29
CORRECTED TO NOON FRIDAY SEPTEMBER 22, 1916,
changed, and Australia sppeare to bave a fair chance of compet- London, Aug. IL-A very in- The news that almost every ing, providing, of course, her is iset nation is now making strong builders have the opportunity of teresting programme issued by the Institute of Marine efforts to sabetantially increase doing so, should the opportunity Engineers for the session 1916 the shipbuilding facilities in view arrive, and those who want ton 17. The first three events are the of the postwar probabilities, forose nage for the Australian trade presidential address by Sir James those who have the interest of especially, might with advantage Mille, K.O.M.G., of the New Australia at heart to seriously see that it does. As has been Zasland Shipping Co., Ltd., on consider why something should remarked previously in our Tuesday, Sept. 5th; a paper by not be done in the Commonwealth calume, geographically situated
$400 Mr. G. J. Walls (member) on with the same object in view. Force] na Australia is, and being so de-
"155 "The determination of steam is lent the idea too by the fact of pendent upon shipping, ovary. Wrecks ip ladian Waters.
$920 engine and boiler efficiency," our being so dependent upon our thing possible should be done by
Tue Government return
n. 6x 79 $260 Sept. 26ih; and a paper by Mr. ships and shipping to keep us in one and all to help develop shipwrecks and sanities in Indian FIRE INSURANCES. J. D. McArthur (member) on touch with the world's marketa building.
Waters in 1915 kowa that some
China Fires b. "The utilisation of coal," Oct. and
own local trade
incidents of importance occurred H. K. Fires 18. 10th. Other fixtures, are under connection and requirements, if
SHIPPING. Australina Shipping and War among British and British Indian consideration and will be an-thought over, sapply further argu-
The British steamer Douglates nounced soon,
ment in support of the contention
City of Mysore on a voyaga Steamboats that the chipbuilding industry
Considering the happenings in from Calcutta to Colombo with a Indos (Def.) should be, if not the most im- other parts of the world, Aastra crew of 71 hands and 4 passen-Indos (Pref.) portant, certainly one of the relian shipping has not suffered at gera stranded on the 23rd Febru. Shells foremost. There are some who the hands of German sympathisers ary, 1915, on the Komuriya reef Ferries Very high prices continue to be can and no doubt will put for as it might easily have done, may on the coast of Ceylon. Two paid for second-band tonnage in ward very substantial "reasons. those few neutral countries which why the industry has not reached mail advices from Malbourne, lives were lost and the vessel Sugars etill have ships to spare for ex- any important position here, and This, beyond doubt, oan be became a total wreek. Theousl. Malabons
strong and portation. Apart from French can give instances where such attributed to the vigilance of the ty was due to
| authorities who have taken anexpected ourrente prevailing at Kallans firms, which have been bravely firms se the Merts Dock and Ea- decisive action whenever it has the time and the failure to Langkats helping themselves out of their gineering Company in New South been deemed prudent, and done observe the proximity of land. Raubs tonnage difficulties, Norway bau Wales, and other firms that sre recently been one of the biggest quite capable of turning out the wisely, it must be admitted; The British Indian barge Ran- Tronohs bayers, especially of sailing ships, vory best of work, have had busi- but still, those who interest them goon with 7,500 tins of petrol Urals
DOCKS, WHARVES, selves in matters marine mu:t was. în Bombay" barbour; some As an instapos of the prices Dese development absolutely welcome the decision arrived a 30 coolice were engaged to die GODÓWNS, &C. current, 438,300 has just been blocked, not once, but repeated under the War Precautions Act charge the tine on to Sewri H. K. Wharves b.. $84 paid by Norwegians for the bargus ly, through nothing other than
week-that responsible Bander. When about 2,500 tins Kowloon Docks b. & sa. $152 Tripolitanis, of about 1,400 tons labour difficulties. But after all officials have the power to remore had been discharged an explosion Shai Docks groes, which a few years ago was that can be said in this respect from any veesel any person they occurred. The vessel was die 'kew Wharves a. wrecked off the Argentine Coast, is calmly considered and well
LANDS, HOTELS and after being talved, has since weighed, the fact remains that are suspicious of, and seize all covered to be on fire and wee
AND BUILDINGS. been used as a towing balk. She Australis is not the only country possession. Up to a certain point, am on the 29th April, 1915. Centrals
documents or papers in their finally lost in the harbour at 11 has now been re-rigged, re-classed, in the world where labour
were H. K. Hotels each sotion has been possible, Fifteen injured coolies and chartered for the voyage to difficulties arise, any more than before this, and by maintaining a removed to the hospitel, of whom Land Invest. Europa at a gross freight of about it is the only place where high strict supervision over wharvee 8 sabe quently died and the $20,000. Before the war second wages are the rule. Actually and vessels, some dire happenings remains of s body were found hand sailing ship tonnage was there are countries whers, if not have undoubtedly been prevented. on board: The crew scaped worth perhaps only two or three more in evidence, the labour But now that the course of the by famping overboard. The the accident labour are just as bad as is the war is beginning to change in cause
earnest, and Germany and Austria is not known.' The British steam Ewos case bere-America, for instance The Korea Mare, of the Toyo-and they have not advantages are beginning to realise the fact, launch Kertick on the way from Kung Yiks
b." Yaugtszepoos Kisen Kaiabs, formerly the Korea the Commonwealth of Australia every precaution must be doubled Calcutta to Chandabally via Coast S'hai Cottons of the Pacific Mail Steamship bes in the shape of raw material and no possible chance taken, for Canal and Gewankally experi
MISCELLANEOUS. Company, is again back in Kobe to help compensate in any way in as the sun will rice on enced a strong southerly wind
b. the morrow, enemy sympathisers and heavy weather and came to Borneos harbour, and will be docked here for the drawbacks arising from will doable every effort to do as an anchor in Fisherman's Reach, China Light & P. b. in a day or two, says the Kabs the labour question. Still Herald of September 9. The Korea further; and supporting the much harm as possible if the Hugli river, at 6.30 p.m., on the Providents Marn omitted the call at Honolulu idea that Australians should be slightest opportunity offere itself, 25th May, 1915. The wind in Dairy Farms - H. K. Electrics on the ran from San Francisco to able to travel at least in the matter what the personal risk creasing at about 8 p.., the Green Islands
would be.
launch commenced shipping H.K. Ice Co... Yokohama. She was the first of coastal and inter-State trips on
water, and before it was possible Ropes the big bosts of the Pacific Mail Australian-built craft, is the fact
to get her under weigh, capeised Trams, Low Level sa. to be withdrawn from the trans that even in countries where,
and wank. Five live were re-Trams, Peak, old b. Pacific line last summer, when until recently, low cost of labour
ported to have been lost. The Trams, Peak, new b. the Pacifo Mail decided to termi did give the builders advant
I accident is attributed A series of articles which ap-
to | Laundries nate its Oriental ran, having sold age over even the shipbuildera
the leonch being snchored U. Waterboats its fleet to the International in the United Kingdom, who, on peared in the Journal of Commerce
of the river Watsons Marine Company, account of the great output of recently, showed that by the end in Reach The Korea Meru brought a tonnage, have the decided advant of the present year, our mercantile exposed to the southerly winds Wm. Powells
and strong tides. The number of Morning Posts cargo of 1,800 tons of ship-age regular basines gires, the marine will have suffered war building materials for the builders are being faced now with damage equivalent to the actual reported wrecks and casualties DAW Asano Dockyard, also demands for better pay and lows of 4,000,000 gross tons of embodied in this report aggre 3,600 tons
of munitions for shorter hours, just as has been shipping. The figures given also gate 128, viz., 31 wrecks and 97 Vladivostock, which will be tran- the case here. And the demands make it possible to estimate that casualties. The wrecks consist of shipped here. Eight hundred and are being cheerfally agreed to three years of war would increase & British, 1 Foreign, 21 British thirty aacke of United States mail on every side in order that the loss to something over 6,000, Indian vessels and 4 native craft.
The casualties comprise were brought to Japan and three contracta can be accepted. Very 000 gross tons. As there appears bundred sacks for the Philippines. naturally the good freights to be a cocoenens of opinion that British, 9 Foreign, 32 British Indian vessels and 15 nativs She also brought $1,000,000 in paid for tonnage, due to the Lord Kitchener's estimate of s gold for the Tokohama Specie shortage of it, makes it easy for three years' war is likely to craft. There are 3 collisions, 11 Bank, Ltd., and $500,000 for the the builder to agree, for he just prove correct, it will not be founderinge, 16 strandings and 2 International Banking Uorpora- simply places the additional ex-smise to briefly review the miscellaneous Caess amongst the tion, Yokohama.
penditure on the pay-sheet position on the assumption that wrecks. 12 collisions, & founder. T/T smongst the other items in the peace will come within the year. miscellaneous cases among the 30 d/s
ings, 53 strandings and 28 Demand estimate, and to secure the When it is considered that our The port of Taingiau, which is vereel the owners just as obser- losses alone amount to 5,000,000 assualties. In a total of 31 wrecks, 60 d/s. now under military administra fally pay the extra cost asked tons it will be agreed that the 19 lives are reported to have 4 m/s.... tion, has been open to Japanese him. Possibly, the demands are Allied losses are moderately com- been lost, and 1 life in the 97/ Shanghai.... and British merchantmen only not just yet so great" in some pated at 6,000,000 tons gross. It casualtice, making a total of 20 T/T Singapore .....
T/T Japan since it was captured by the cases as those of the few engaged may also be assumed that the lives during the year. There are T/T India Allies. Now that things have in shipbuilding in Australis are neutral countries, who have auf- certain minor cases reported, but Demand, India been quite restored to normal called upon to meet, but the up- fered considerable war losses, are thing of little importance, have T/T San Francis-1 co & New Torkf order at that port, and trade with ward tendency is in mind and it little more then holding their not been included. The largest home and coast ports has bean will be surprising if the own. Therefore, after three years' number, 26, of wrecks and casual. T/T Java. 126 markedly enlivened, says the Australian standard is not war the world's carrying capacity ties occurred in the Haghli river, T/T Marks ............ Nom. China Press, it bas cocur- equalled before long. The will be reduced by some 6.00026 on the Bombay and Gos conate, T/T Francs 3.05 red to the authorities con-workers in the shipbuilding 000 tons. This loss represents 12 14 on the Kathiawer cost and Demand, Paris....3.05 cerned that it aill do yarde of Sweden, of Norway. per cent. of the total world's in the Gulf of Cambay, 12 on the a great deal to the development of of America, leaving saide Great tonnege, and the figure is greater Burma odaat, 11 on the Malabar
2/3 1/16 the trade to open the port to the Britain, France, Belgium, and the than the total tonnage of the cost, on the Sind coast, 8 in
2/3 3/14 world's merchantmen, excepting, other countries engaged in the second largest merchant navy. In the Palk Strait and Gulf of Manar, 7 in the Arabian Sea and Indian
2/3 5/16 of course, German and Austrian war, are fully conversant with the view of these. facts is there say
2/3 5/16 vessels.
A stout protest bas, true situation now, and can be cause to question the pro- Ocean and the rest in smaller 30 dis, Sydney &
numbers -occurred in
other 30 da. Ban Franc-1 bowever, been raised by a Japan- depended upon to extract the last phecy of a shipping and a
isco & New York)
5314 ese stesmehip company interested possible penny they can for their shipbuilding boom for many localities in Indian waters, in the Dalny-Taingiau service, service, and when those of the years after the war? Surely the
4 m/s, Marks
......Nom. and alto by some merchante at nations now at war are able to broad fact speaks for itself. It the two ports, sgainst the propos return to their regular occups will take years to recuperate, and ed abolition of the shove, restric- tions, will do likewise. There to bring the carrying capacity of The Mainichi has obtained in-Demand, Germany. lions on the ground that the fore, why should not Australia the world up to 50,000,000 tons formation that the consignes in Demand, New York. 52 18
TIT Bombay foothold of Japanese shipping receive some share of the good of good ships again. With a Baltimors of the dyes brought by
Demand, Bombay... and trade established there may things the demand for tonnage shortage of even 1,000,000 the German submarine merchant T/T Calcutta be prematurely weakened. The make available? It is not our tons, freights will be high, and man Deutschland has lately clear-Demand, Calcutta... 163 Tokyo Government has instructed contention that the shipbuilders the demand for new ships to reed them, and some particulars of Demand, Manila... the Teingian Garrison to inves of Australia have neglected any place the inefficient old crooks the cargo are now known. It is Demand, Singapore. 93 tigate the actual conditions pre- opportunities in the past. The still kept in service will spread stated that the shipment is mostly On Haiphong......... 34% prem. valling, and the matter is expect lack of development of the in. Over a series of yours, which must of acid dyes. Alisarins and other On Saigon..... ed to be discussed as a Osbinet dustry in Australia is due simply form the most considerable spell duty-free dyes occupied about On Bangkok Council in the near fatare. The and solely to inability to compete of prosperity ever experienced by one-third of the whole lot, while entry of the Rumian” “ Volunteer with the builders of the old weld the shipbuidilding firms of this the total import duty amounted to "Fest steamens into 'that port, ha ↑ in conrequance of labour difan- untry. We say of this coun- $40,000* The meid dyan amount as allowed under special con- thee and the room of labour, and try advisedly, because many al to 280 tons in 3,01 care, a didione," and " Japssono vemels also, to no small measure, of the the mushroom growths of mentral they are so concentrated an to ander foreign charter, the bins | dec inclination of the Govern countries will soon fade away, stand for about 3 000 tons of dyes Marabanis B, Ne. Oo,'ag
sta, bosh-Federal and Stats, to and when it comes to good wound in ordinary condition. It is added the Standard Oil Ca
orders abroad on the more commercial competition ww that, the American market ars | Ching
which has not always British abipyards will still maine with much insist awaiting the Chi Itad. Conditions have now, take their ancendancy
Mercantile
The Port of Tsingtau.
#
Deutschland Dyes.
arrival of the Bremsn.
41
BENJAMIN & POTTS, Share and General Brokers,
Princes Building.
Tel. address: Broker.
EXCHANGE.
SELLING.
2/24 2/26
............ 2/2 5/16
2/2 2/2 9/16
933
102.
162 34
163
52
BUYING.
4 m/s. L/C ............
4 m/s. D/P..
6 m/s LC.
Melbourne
4 m/s. Francs ......3.17
6 mis. Franca......3.22
163
10314
20
314% prem. Sovereign 9.05 Nom. Gold Leaf, per, oz... 52.30 Bar Bilver, per Gre
SUBSIDIARY COINS.
DISCOUNT PER 6100
$120 ots piecie.9% diz
CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
BANKS
HONGKONG & SHANGHAI
BANKING CORPORA
TION..
Paid-up Capital .........$15,000,000 RESERVE FUNDS:
Sterling
£1,500,000 at 2
-$15,000,000 Silver...$18,000,000
$33.000,00€
Reserve Liability
Proprietors 000,000
COURT OF DIRECTORS.
W, Pattenden Esq.-Chatraent.
S. 1. Dodwell, Esq. -japure & hairman G.T. X. Edkija, Kag.
(L,Gabbay. Eng.
Lon. Mr... Hayot
Hon. Mr. D. Landpic.
3. A. Plummer, Zag
Hon. Mr. E, elimu
COLLY MAXIGEN Bongbong-N, 1. Stald, Eng. -.
MAXAGER Shanghai-.. Exephen, Koç. London Enters-London County and Wentuziaure, limited,
Hongkos-Laters: Allowed;
Os Carreal Accounts of the rate of 2 per cent. Mit
annym in the dally balanca.
ON FIXED DEPOSITS.
For 3 months, 2 per cekli peranza, For months, 2 per cent, per mm.
For is months, & per caL PET ARREM N. J. STABB.
Chief Manager.
HONGKONG SAVINGS RANI
THE Pless of the above Bank is conducted by the HONGKONG AND SHANGHAI BANKING CORPORATION, Rules may be obesited-os application INTEREST on deposits allowed on the măn forum mooibly balances at B1 per cent, per USALIIS, Depositors may transfer, at their option, bulun of 300 or more to the Hongkong and Shangha Bank to be piacmi ou FIXED DEPOSIT at
cent, per annan.
tion.
For the Hongkong and Shanghai Banking Corpor
N. J. STABE.
Chief Manager.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA
Incorporated by Boyal Charter 1815-
HEAD OFFICE LONDON,
Paid-up Capital...
Reserve Fund.£1,300,00 Reserve Liability of Proprietor),209,008 FOREIGN KICHAS GE and General Bankine
bassipesa transacted. CURRENT ACCOUNTS opened and FIXED DEPOSITS socived for t year or shorter periods, st raus which will be quoted on application. 1. C. DOWNING,
Manager Hongkong, 11th April, 1912.
THE MERCANTILE BANK OF INDIA, LIMITED.
Head Office 15, Gracechurch
Street, London.
Authorised Capital.......£1,500,000
Subscribed
Paid-Up"
幀
...... 1125,000
562,500
350,000
Advances made oo Merchandise. Loans made on the Provident System, (Rates and Pariculars on applicatio
The Office o
TRUSTEL, EXECUTOR OF WILLS, ATTORNEY, &c., Undertaken and Executed
SHEWAN, TOMES & Uo. General Managers..
Reserve Fund
BANKIS:
The Bank of Engiar,
The London (cist Stock Bank, Limited.
Dethi
BRANCHES
Karachi
Kota Bharu
Kuala Lumpur
Matres
MITSUBISHI COSHI
KWAISHA.
(MITSUBISHI 005
COAL DEPARTMENT,
SOLE PROPRIETORS OF TAKASIMA "OOKI, MUTARE. KI3M- IDAKE, YOSHIROTANI, MOJO, KAMA. ŽUTA, SAYO, KANADA, SHINEW, KAMIYAMADA, SIBAI and OYUKARI
Collieries.
Agent for SAKITO COAL
HEAD OFFICE :—— MARUNOUCHI, ZOKYO.
Bombay.. Calestia Colombo
Galle
Honghong
Howrah
Kandy
Port Louis (Magritiua,)
Pedang
Rangoo
thangbal
Singapore
HONGKONG BRANCH, Every description of Banking and Eachang w business transacted.
Interest allowed on Current Accounts më e para per annum on Daily Balances, and on Fired Depent mi fates which may be ascertained on application.
C. CHAMPKIN,
Acting Manager.
INTERNATIONAL BANKING
CORPORATION,
HEAD OFFICE:
So, Wall E., New York.
LONDON OFFICE: 36, Bishopsgate, E.C. CAPITAL PAID UP.......250,000
BRANCH OFFICES :-NAGASAKI RESERVE FUNDS... MOJI, KARATSU, WAKAMATSU
MURORAN, HAKODATE
KOBE-OSAKA, KURE. TOKYO YOKO. HAMA, NAGOVA. TSURUGA, VLADI. | VOSTOCK, KANEOW,PEKING, LON- DON, NEW YORK, SHANGHAL HONGKONO, HAIPHONG _nd
CANTON,
Cable Address:—"IWASAKI,"
$3,628,000
U.S. GOLD
.46,878,000
BRANCHES (2-
BOMWAY CALCUTTA CANTON CEBU. COLON HANKOW
HONGKONG PEKING,
KODE
SAN FRANCISCO
LONDON SHANGHAI MANILA
MEDELLIN
SINGAPORE
TIPETSIN
PANAMA YOKOHAMA
...
Codes: Al, A.B.C. 5th Ed., West-Cly lack of New York, the lank in shia to offer the
ern Unior, and Bentley's.
AGENCIES:--
Through its close affiliation with The Mado Services of the Branches of that teadituline in Cab and Fouth America, ansely !—..... BUZNOS AVRES, HAVANA, MONTE VIDEO, RIO DE JANEIRO, SANTIAGO, DE CURA,
SANTOS, SAO PAULO.
nr.4
CHINKIANG—Mesurs, GEAR- ING & Co., MANILA-Messrs. All kinds of FOREIGN & LOCAL BANKING MACONDRAY & Co., SINGA~ : BUSINESS transacted.
CURRENT ACCOUNTS opened and FIXED PORE Messrs. BORNEO Co. DEPOSIT occived at rates to
N. 1. MARSHALL,
Manage
| LTD, GLASGOW-Mosers. A. B. application.
BROWN, MCFARLANE & Co., LTD.
Hongkong, Jet Jure, 1916.
For Particulars, apply to-
K. KATO,
Manager.
THE
No. 2, Fedder Street, Hongkong. YOKOHAMA SPECIE BANE,
for
MARTIN'S.
APIOLBILT
LIMITED.
Established 1880,
Authorised Capital Yen 48,000,000* Paid-up Capital..... 30,000,000 Beserve Fund .... 20,800,000
H
· Head Office.-YOKOHAMA
Page 10Page 11