#
YAT STÖNGKONG - TELEGRAPH, FRIDAY, FEBRUARY
GENERAL SHIPPING NEWS.
Officer.
HONGKONG SHARE REPORT
8-SELLERS; BA-SALES; E-BUYERS; N-NOMINAL.
***
OFFICIAL PRICES.
BANKS.
58
$720
$976 t. 150
$900
IL OX 75 $255
$155 $375
FIRE INSURANCES.
Kailans
·
2-
SHIPPING.
b.
$116 $2014- 8. & ea. $131
33.
REFINERIES.
1917.
BANKS.
BANK OF CANTON,
LIMITED.
HEAD OFFICE, HONG KONG
FOREIGN EXCHANGE and Geueral Banking Business Transacted.
INTEREST ON FIXED DEPOSITS:
For 3 Months 3% per annum.
For & Months 4% per ani um. »
"
$111
11.
106/-
For 12 Months 41% per annum LOOK POON SHAN;
Chief Manager.
A.
$34
BA.
11.
$126 $40
MINING
1.
1.
1.
D.
30/-
$2.40 31/6 8219
DOCKS, WHARVES,
of Commerce. This may be ac- vious to the outbreak of war. He for British chipping companies to H. K. Wharves n.
GODOWNS, &C.
of
5.
8.
NOTICE.
NOTICE.
20 PEAK TRAMWAY CO
$86.
LIMITED.
TIME TABLE.
WEEK DAYS
2.00 kvik, ka 4.00 . Ernst 13 Man,
. . 10 20:00 20.
L
* Max.
UK ALD
€00 +
* Mgm
$128
t. 87
11.20 AM to SOME 2.26+ 1
14 ASP to das to $/09 KM 19
x Mx.
1.tg .
20 Ma
*
11 Mem
8.15 201
16 Ma
4
25 Man...
H
KIGHT CARS.
#
1.14 pati and 3 294 VINE JA LE
11,00 KM very hill hours
13.00 3.M. 10 t1 FM
TURY GRAVLse of an hour SUNDAYS
2.00 A 18 25.30 alm, Erken aş Mim,
* Mxx
1 ME.
to Mon
u kran
KIOBS CARS sa de Waok Days
SATURDAYS
Lars Car at 14 midnight.
SPECIAL CART
By Arrangement at the Compmay'ı Üšta, Alstanden Baliðlags,
$98
15.
$112
7.10 4.
B
$913
b.
$7
ILU LM. To
11.00 Moos 10
100 F
$35
3-000
H
IL.
6,
t. 86 $74
SO FAR, SO
6:00 7.14
20 MI
6.00 34
H
if Mr
PRO 30 LA L. J.M.
18
10 M
COTTON MILLS,
t, 145
4. 191
£118
៩. ភ
MISCELLANEOUS.
$8,00
$4,50
b.
$8,90
$251
BA
$11.65
THE
n.
D
$49 $160 $344
D.
$934
Boracos
How to fecrease the Utility of privileges an individasta or as a fog, prevailing at the time, the derive very substantial benefits,
Shipping
nation may be swamped by the reseal got ashore inside Portland The table of prices given in my The work of the Ship Control- rathless and inhuman gov Bill; and remained fast, Sairage article a week ago provides in fler is of vital importance to the eroment of the enemy victor, operations were carried out illustration, and cocclusive proof | prosccation of the war. The low The time bre doma when ander the superintendance off of the abnormal character of the of snipping by submarias attack esch unit of the nation, however Captain Fred. W. Young, the profits can, of course, be ob is regrettable, but so far cannot humble his position or insufficient principal salvage officer of the tained from a comparison of bal- be said to have achieved the sim his espacity, must do that duty Liverpool Salvage Asecciation ance sheets. Lord Inchcape dealt of our enemies. The abortage in which can best promote the After over a fortnight's hard work with the rumour that under the
Banks fonnage, which undoubtedly national asfety. The war must the Patroclues was fixated and the new Government shipping com MARINE INSURANCES. affects the situation, in das rather be prosecuted with unity of pur- cargo having been all discharged, panies were to be acquired by the Cantons o the enormous demands made pose, mental virility and physical she was brought to Liverpool. State, and made some strong re- North Chinas for ship tonnage to convey our rigour on the part of each and The crew remained by the ship marks about the danger of nation-Unions troops and their war equipment, all. We cannot win reposing the whole time. After making salisation, claiming that the ship. Yangiszes and for other purely military under an eiderdown or with kid voyage in another Blue Fannel ping industry alood in in purposes. We are suffering, to, glores or band. Nor can we bost, the Jason, Mr. Morgan exceptional position because of its China Fires from the grave disadvantage listen to the enen ies' official secured his second mate's certifi- liability to big ups and downs H.K. Fires consequent upon the almost overture for peace negotiations, cate, and was at once engaged for and the severe competition which entire veseation of merchant except in terms which agree with a term of three years' service with it had to meet at the hands of the Douglases
two yeare, oars, which are to make certain,be the Asiatic Steamship Company, other maritime nations, which Steamboats shipbuilding for dus to the absence of yond possibility of doubt, that our going out to Calents to join the competition could most effectively Indos (Def.) labour and to the absorption children and our children's child- firm. He completed his term, at be met by private enterprise-Indos (Pref.) of steel for the production of warren shall not be wantonly sub- the end of which he was second unfettered by the red tape re-Shalis monitions of all kinds. Hitbert: :cted to the horrible experiences officer, having served in several strictions that are inseparable Ferries little hue been done to rectify the of our generation of devilishly of the steamera of the com- from Government departments. Muation. To a previous article | conceived barbaritier, of scientific, pany. Having wet with an He also dwelt, as other shipping Sugars we have pointed out how women's ally planned cruelties, of red socident daring his service authorities have done, upon the Malabons labour may be utilised in mer rain and the breaking up of in the East, Mr. Morgen decided certainty of keener competition chant shipbuilding to an extent lawr,"-Engineering.
to return home, and bülors taking after the war, at the handa not which is only possible of achieve An Inventive Merchant Service service again he secured is only of the enemy, but of ment with the fullest patriotic |
master's certificate, having passed neutral nations and an ally-pre-Rabs
Langkats The officers in the mercantile for chief officer in Bombiy. He sumably Japan-that had been Tronohs ppport of labour and with a high degree of unselfishness on the part marine, with few exceptions, next took service with the Canard reaping enormous profits in the Urals of the women of the country, cannot lay claim to being of the Company as juuior officer in the carrying trade under war con- This is not a time for allowing inventive genius, says the Journal Germania, this being just pre-ditions. He urged the necessity Rocial conventions to interfere with the vigerone prosecation of counted for by their attention left this vessel on her being re- be in a position after the war to Kowloon Docks the war. Our mau power includ- being engrossed in the many and gainitioned by the Government, be able promptly to repair the Shat Docks ing the work of women, capable varied duties appertaining to the when he served later in the wastage in tonange that had
hysically and intellectually, seafaring profession, or to the Alanis, Campania, Breais, end resulted from the war, and to add LANDS, HOTELS must be utilised to an extent restricted scope of their surrcand finally in the Mediterranean. to their fiseta so na to meet thair AND BUILDINGS. and in processes far beyond the ings. Some useful and practical Resigning from the Canard, competitors on a fair footing. H. K. Hotels
Centrals conception of bygone timer. Sir inventions in connection with Mr. Morgan
joined the All this Joseph Maclay'e duty is therefore ships' equipments have, however, White Star Line as junior prime importance, and
is undoubtedly of Land Invest. two-fold. He must expedite as far emanated from eesgoing mercficer in one of their large the appointment aa Controller K'loon Lands with H'phreys Est. as is humanly possible the build chant officers, Amongst this and new liners in which vessel of Shipping of a practies Shai Lands ing of new slips, and at the same number, Mr. Henry Morgan can be has served for the last twelve shipping expert in the person of West Points time exert the greatest effort claim to take his plece, for be has months, recently being granted Sir Joseph Maclay, shipping toward the attainment of effici-invented and patented a device sick leave. He says the idea of the companies need not fear that they Ewos ency in the use of existing vessels, for making watertight all
watertight doors for batohways will be unsympathetically dealt Kung Yiks The former work not only requires hatchware and ventilatora in a first occurred to him in the Est with by the new Government. S'hai Cottons the enlistment of more women ship's bolde. The device applies as seeing a tank steamer brought There remaine the question of Yangtszepoos into the ranks of shipyard em- chiefly to abipe constructed with into port fosting on her tanke, what is a fair profit for any ploye, bat the inculcation of our two or more decke, the object after baring her bottom badly Brit ab company relative to the rital nesd for the last asit of simed at being that, should a damaged through stranding. On needs of the nation and to the China Light & P, b. physical energy of every worker vessel be holed below the water bis return to England he studied position of other sections of Providents every hour and every day. Beyond line, a means would be at hand out the problem for three months, the community under present Dairy Farms this, there is need to concentrate to at once close all spaces leading at the end of which time he conditione. Sinoa the attention on the ships which are into the damaged hold, and applied for protection, and later break
out Green Islands most enited to our immediate re- thereby prevent the inrush of secured patent rights for bis in revolutionary character hate H. K. Ice Co
war charges of H. K. Electrics b. quiremente,and particularly in the water rising above the lowest deck, vention. Mr. Morgan is to be con- taken place in this country, Ropes care of such ships which may be thus practically making the vessel gratulated on bia inventive affecting profits and persons, The Stect Foundries farthest advacoed. This requires at on that deck. The patent genine, and it is to be hoped that railway companies, because their Trams, Low Level b. & sa. $7,20
measure of os-ordination consists of watertight steel doors bis patent may be the means of systems were needed by the State and the pooling of workere in fitted under the deck on each aide saving many s good ship, and sad could be readily rationalised, each district, in now being of each hatchway, which, when possibly valuable lives.
were summarily taken over on an done on the Wear, under sgres. prceerary, can be quickly cloerd, Shipplag Profits and the State. emergency plan that laid down ment reproduced in our Industrial thus hermetically scaling up the After the recent sharp set-back as a broad prisciple the payment Notes, so that there shall be the batchway at the lower part of the in shipping shares that occurred of revenue to the absreholders on quickest mobilization of possible craming. These doors can be on the rumour of Siate control a pre-war basie. Other large tec Wanage. The second fanction of worked by hand or by an arrange there has been a distinct recovery. tione of the community have The Ship Controller must be toment from the bridge or other says Truth of December 20. It through the incidence of war been. atilize to the greatest possible place, as in the case of balkheads. has been due mainly to the compelled to suffer great pecori extent the vessels afica. Every It is quite possible that many & epirited defence of the shipping ary hardships, and yet another engineer knows that efficiency good vessel sunk by mine or sub-industry that was made at the P. very large section has been re- most be measured by the outpat marine during the war might and O, meeting by Lord Inchcape quired wholly to surrender ita of men or machines within have been saved bad she been and partly to renewal of talk private interests, and often life given period of time. Thus every fitted with Mr. Morgan's appli- of deals in the shipping world, itself. hour of idleness detracts from the suce. For salvage purposes in amongst which the most interest enforced sacrifices on the part of In the face of each efficiency attained. That this flating a stranded vessel & ready ing is that of an arrangement very large portions of the com #pplies to shipping has not been means would be available for betweed the Canard Steimship munity, there surely is something fully grasped by those respon securing the lower holde. Mr. Company and the Canadian lacking in statesmanship that per- sible for the utilisation of man- Morgan, who is an officer in the Pacific, under which the Canard mits any industry being allowed ower. Every day that a abip of White Star Lice, is a native of will work the C.P.B. feet in the to use the war as a means of 7,000 tons deadweight capacity Drogbeds, and sprang from Atlantic and the latter concern making profits for itself that were 30 dis............ 2/435 remains in port means the lose, in sailor stock. After completing his will work in association with the not possible under conditions of 60 4/.................. the case of a 10-knot abip, of education at St. Joseph's College, Union Steamship Company of peace. 70,000 ton-miles per hour. Every Drogheda, he started his sea life New Zealand in the Pacific. This excess profite tax, but this on T/T Shanghai......... Nom
True, we have the 4 m/................... 2/4 9/16 week lost in port means the loss a boy in the barquentine talk has brought about a brick the existing scale only partially TT Singapore of a ship'a cargo of iron ore from Jessy, owned and commanded by revival in the shares of the Union meets the osse. I cannot help T/T Japan Bilbao for our blastfurnaces. It his father, and engaged in the of New Zealand Company. Lord thinking that the only plan T/T Indis will tboe be realised that ship coasting trade. After 18 months Incheap as a reviewer of shipping that would adequately do justice Demand, India .... control requires, almost as of hard training, for Mr. Morgan is proving a worthy successor to to the apprecedented social non-
T/T San Francis-} fundamental condition, rdequate says his father showed him no Sir Thomas Sotherland, and his ditions brought about by this war To A YOTE! co & New York/ labour at porta to ensure" the favour, he made В Toyage remarke bave naturally attracted is one that, subject to certain T/T Marks. "turn-about" of s ship in the short to Canada and back in the widespread notice.
With the necesEary at time. If the requirements of barque Sagone. After this be join atetemente he made as to the great profits to those raling before the Demand, Paris
reservations, limits T/T Francs the fiøhting force cannot allowed the barque Dolbadarn Castle, services that bad been rendered
sufficiency of deck labour owned by Robert Thomas and Co., to the nation by the mercantile common fairness and of the Any excess on grounds of to ensure this necessity, then of Liverpool, signing on as A.B., merine there will be cordial agree urgent need of the balion for the
2/5 1/16 labour must in this case waive its but living with the apprentices.ment, and they come with the sinews of war should go to the 6 mia. L/C 4 m/s. D/P
******... 2/5 3/16 objration to the importation of In this vessel he spent 2 years, more weight from the head of State. It is a pity that the 30 ds. Sydney &
2/5 5/16 blacks. Prisoners of war in this going from Liverpool to Sydney, company that has always stood principle could not have been
2/5 5/16 country should also be used for from there to Newcastle, thence to as model of efficiency in the applied in 1914, bat neglect to 30 d/s. ban Franc-1 Me:bourne.. work. The new Government for the West Coast and back to Newestle ocean carrying trade and as an apply it then has not lessened,
57 prosecution of the war promises in ballast. Coal was again loaded exponent
isco New Yorkf of conservative but increased the desirability of
4 m/s. Marks .........
Nom to be more capable of achiev-for Valparaiso, Mr. Morgan was fasade,
Lord Lachape was applying it now.
4 m/s. Francs ...... 3.39 ing victory, which is an imperativa at the latter port at the time of sleo jontified in claiming that the
6 m/s, France ...... 9.44 necessity for this country and her the great earthquake and elatențincreased dividend which hie
Demand, Germany.. - Allies, if not for the world. But that it was an experiezos he shall company was paying was not a
South Mysers Planters,
Damand, New York. 5634 no Government, however capable not quickly forget. His abip war dividend, in the sense that
Bangalore, December 26.-In Demand, Bombay... 171 Nom.
TT Bombay organizing efficiency, can fortunately escaped damage, but the company would have had no reply to the representation made T/T Calcutta sacciod unless it has the active for the time was thronged with difficulty in peying the present by the South Mysore Planters' Demand, Caloutta... 17134 Nom. support of every unit of the aetion. refugers, who flocked for esfety rate in peace times had it been Association, the Government of Domand, Manila ... Wo, arsure that Mr. Lloyd from the shore. From Valparaiso less generous in the matter of Mysore have directed that no Demand, Singapore, 10034 George's War Government will do Mr. Morgan went to Iquiqne, allocations to reserves. Whether coffee lands be given on perman. On Haiphong......... their duty, Woose only hope that where cargo of nitrate was his remarks
24% prem. apply to shipsat tenure berenfior, and that the On Bargon the immense influence which loaded for Bull. On arrival home ping companies generally is converaica of existing temporary
2% pram. sach individual in the Govern- be left his chip, and after a short mother mater. One has only tenure of of holdings into Sovereign
On Bangkok
6614 8.4 Nom. ment osa ezert in his own partio. vacation joined the Bine Funnel to compari
prosent day pamant tenars be subjected Bar Silver, per o... 37 5/16
Gold Leaf, per of........ 49.60 dlar sphere of activity will hele liner Patroclus se quartermaster, quotations of shipping shares strictly to terme of the Govern- also to fuller realisation of the making a voyage to Australia and with those prevailing fast priorment order of September 22, 1885, SUBSIDIARY COINS. national need. As we have said, back. It was in this ship that to the war (whiob, by the way, which allowed conversion on pay. the individual, with all bisrights be bad an experience which occs was a time of great prosperity for ment of annas eight, being differ and privileges, most benors sionally falls in the career of a the industry) to was that the ence between two rates of savers Goerged in: the nation with all its exilor. The Patroclos, as was market-which is a pretty abrowd went from the date of the original grave necessities. Unlows this is customary was calling at Fort judge regards the war sa having metilament (1881-83) to the date accomplished, rights
and lead to take her pilot, but a dense enabled shipping shareholders to of the application of conversion.
t
Some
稳
War,
D.
$10
$163
b.
*..
1.
$29
Trams, Peak, old n. Trams, Peak, new n. Laundries U. Waterboats b. Watsons Wat. Powells Morning Posts
CORRECTED TO NOOR FRIDAY FEBRUARY 2, 1817,
BENJAMIN & POTTS. Share and General Brokers,
TIT
Princes Building.
Tel. address: Broker.
EXCHANGE.
4 m/s. L/C
SELLING.
2/42 2/4 5/16
2/414
10.14 1094 1719 Nom. 171 Nom,
56
13594
3.27
BUYING.
112
DISCOUNT PER $100: Chinese 10.
Linoso... Zu ots. pieces338% dis Hongkong 20 cts, pieces $94% día. Hongkong 10
par, par
DE TO Boad
**Season and panch tickets" avelubie for all c
cot already full, meaning at the time stated in the Company's time tables, but not for special cars. Can be phisted on application as the Campary's Officer No Seton licket will be issued until payment be for has been made in Bank Notes of by Chaque Comprador order representing Bank Botas."
JOHN D. KUMFIREYS & CO.
CHINA PROVIDENT LOAN AND MORTGAGE
CO., LTD.
(Capital Paid up...$1,250,000.)
Loans on Mongags of House Property & Goods received on Storage
Advances made on Merchandise. Loans made on the Provident System (Rates and Particulars av.
application The Office of TRUSTEE, EXECUTOR OF WILLS, ATTORNEY. &c., Undertaken and Executed,
SHEWAN, TOMES & Co. General Managers,
*
MITSUBISHI GOSHI KWAISHA. (MITSUBISHI CO.) COAL DEPARTMENT.
SOLE PROPRIETORS 62 TARASIMA, OCHI, MUTARE, KISH-. IDAKE, YOSHINOTANI, HOJO, KAMA- ZUTA. SAYO, KANADA, SHIKNEW, KAMIYANADA, BIBA! and OYUKAR
Colllaries. Agente for SAKITO COLL
HEAD OFFICE:- MARUNOUCHL, TOKYO.
BRANCH OFFICES :-NAGASAKI MOJI, KARAISU, WAKAMATzU. OTARU. MUBORAN, HAKODATE, O JE. OSAKA, KURE, TOKYO, YOEN. VOSTOUE, HAMA.NAGOYA. TSURUGA, VLADI. HANKOW, PEKING LONDON, NEW YORK, SHANGHAL HONGKONG. HAIPHONG ad CANTON.
Cable Address:-"IWASAKI," Cod s: Al. A.B.A. 5th ed., West- ern Union, and Bentley's. AGENCIES:- CHINKIANG-Mestri, GEAR-
[[NG & CO., MANI! A—Mers18, MACONDRAY & Co, BINGA- PR-Mesara, BORNEO Co., LTD. GLASGOW—M›sars. A.R. EROWN, MCFARLANE & CO, LTD.
For Particulars. apply to
K. KATO, Manager,
Iongkong, No. 2. Fedder Street,
MARTIN'S
APIOL & STEEL
£ Prasad Hamady toy all frontalarčion. Flammends at LAAMA MËvaya kita a pie Šmatica Piala Lan Houte de land an den Grat MEN OF BAY Izrvenkasty at the London a
MARTIN'S
THE ALEXANDRA CAFE Cannot be Beaten, if Equalled for Bread, Oaker, Confectionery. and meals with Wines & Liquers,
Ho
BANKS
ONGKONG & SHANGHAI BANKING CORPORA.
TION.
Paid-up Capital.........$15,000,000- RESERVE FUNDS:
Sterling
£1,500,000 at 27-
-$15,000,000 Silver $18,000,000
$33,000,000
Reserve Liability of
Proprietors...$15,000,000
COURT OF DIRECTORS.
Hon. Mr. C. E. Anton
W. L. Pattanden. Lag, Chairman. $.; Dodwell, Zeg-Dupacy chairman G. T. H. Edkins, So
0. 5. Qubbay. R
Bou. Mr. P.
Kolyca
3. A. Plummer, Bay.
Hot. Xr.. bažin
UNIEF NAVIGER
Hong-N. 3. Start, #5.
MAYAGER
Ktoogheid G. Glepbes, Esq. London Bark-Loedon Dously und
Westminster, limited,
Hongkong-Loteret Allowed t
On Current Accounts at the rate of 3 per CREE and on the daily balan
ON FIELD DEPOSITS.
For me, i per cent per annum, For é mosha, i per cast. per ansait. For la mols, 4 per cent, par actum. N. J. STABB,
Chief Manager.
HONGKONG BAVINGS BANI.
THE Encinous of the above Bank is conducted by the HONGKONG AND SHANGHAI BANKING CORPORATION. Rules may be obtained on applicati
INTEREST on expusita it allowed on 18 es- Imam moothly balances at šai per cant, par sawuZIAN.
Depositor may transfer, at their option, balancas of $100 or more to the Hongkong and Chaoghai Eask to be placed on FIXED DEPOSIT # 4 CDL Dr RAUM.
For the longong and Shanghai Banking Compens tion
N. J. STABE,
Chief Manager.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA
Incorporated by Royal Charter 15
BRAD OFFICE-LONDON, Fald up capital .000 Beserve Fund. www.100.00 Reserve Liability of Propriet£1,900,00 FOREIGN EXCHANGE and General Bank business ratisacted,
CURRENT ACCOUNT yened and FIXEL DEPOSITS received for 1 year or shorter perioda, st rates which will be quoted so application, T. 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
10
1,125,000
Paid Up Reserve Fund
E
4
562,500 550,000
BANKERS: The Bark of England,
The London Joint Stock Bank, Limited. BRANCHES 100
Bombay
Calcutta
Colombe
Delhi
Galle
Hongkong
Kontak
Katuly
Port Louis (Mauritius,)
Karachi
Kota Buria
Kuala Lumpu Madra
Perang
·Rangoon
+ Esta
Lisgapors
HONGKONG BRANCH,
Every description of Banking and Exchange baginem transacted.
interest allowed on Current Account at sper per anason Daily Balances, and us Find Deposit ki races which may be ascertained an application.
C. CHAMPKIN,
Acting Manager..
INTERNATIONAL · BANKING CORPORATION.
HEAD OFFICE:
25. Wall fo, New York: LONDON OFFICE: 35, Bísbopagate, LLC.
CAPITAL PAID UP......$3,250.000 RESERVE FUNDS...$3,931,000
#7.181,000
U.B. GOLD
BRANCHES :--
HONGKONG PEKING
SAN FRANCISCO LONDON SHANGHAI MANILA SINGAPORE MEDELLIN TIENTSIN PANAMA ТОКОНАМА
BONRAY CALCUTTA KOBE
CANTON CERU.
COLON HANKOW
Through its close affiliation with The Nadoda City leak of New York, the lank is wife cooler the Services of the Branches of that institution in Caba and South America, Namely
BAHIA BUENOS AIRES, HAZAMA, MONTEVIDEO BIO DE JANEIRO SANTIAGO DE CUBA, SANTOS, SAO PAUL, VALPARAISO,
All kinds of FOREIGN & LOCAL BANKING" BUSINESS tracted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received at rates to be ascertalad *pplication.
N. S. MARSHALL
Mansgw.
Hongkong, 26th September, 1916.
THE
YOKOHAMA SPECIE BANK,
LIMITED.
Established 1880, Authorised Capital Yen 48,000,000 Paid-up Capital 50,000,000 Reserve Fund 496 20,800,000
Head Office,-YOKOHAMA,
Branches Amang. Habe
Calcutta
and
TH
#1
14
Agencies
beckwand New York
TISHI ONU, Mazagar, Kang-16h Bapt; 11 16.