THE HONGKON
COMMERCIAL
Creased Cotton Duties;~~
times
Canadian Trade Conditions."
The Imperial Trade Correo pondent at Toronto (Mr. F. W. Field) writes that in 1916 the purchasing power of the Province
of
TELEGRAPH, WEDNESDAY MAY 1917.
NEWS
which
The use of the
HONGKONG SHARE REPORT
SELLEES; BA-SALES; B-BUYERS; N.—NOMINALM
OFFICIAL PRICES.
BANKS.
H. K. & S. Banks 371314
MARINE INSURANCES.
Cantons
North Chinas Unions
Douglases Steamboats lados (Def.) Indos (Pref.)
Shells
BANKS.
BANK OF CANTON,
LAMITED,
HEAD OFFICE, HONGKONG
FOREIGN EXCHANGE and General Banking Business Fransacted.
INTEREST ON FIXED
DEPOSITS:
IL.
$350 £160 b. $870 Dex 73 $917 "
FIRE INSURANCES, China Fires H.K. Fires b.
SHIPPING.
$146 $925
For 3 Months 3% per annum.
For 6 Months 4% per sucum
8.
I
$34 $18
b.
$152)
D.
14.
108/
For 12 Months 41% per annum LOOK POON SHAN;
Chief Manager.
b.
$5114
I.
b.
$11314 $30
31/6 t. 17
1.
$ 2.70
8.
По
37/6 39%
1.00 4.12 to 8:30 AM t
5
REFINERIES.
MINING
b.
DOCKS, WHARVES, GODOWNS, &C.
H. K. Wharves s Kowloon Docks sa, Shai Docks
I-
NOTICES.
NOTICE.
DEAK TRAMWAY CO. LIMITED.
TIME TABLE"
10.00 to 11.30am to
BOO AR 10.30 AM. 11.00 A 19.687.36
10 Mix
18 MI.
10 Max,
$80 $128 t.90
1.387 to
145 Pa
-
10 MIX
£.00 P
18 MIN.
דם
NIGHT CARS.
*M*.
and 9 wa 93) - (A,.
11.00 PM. every half hour.
100 to 12,65 736 every quarter of an hour, SUNDAYS:
$99
1.6) 234
b.
$100
$97
H'phreys Est.
b.
$6,95
D.
$83
1:00 AM
11.
t. 80
$77
t.15)
6.00 4.36 to 20.30AM to IRAK, 20
1.00 z.x. to
6.00PM to
Krioon Lands West Points S'hai Lands
b; COTTON MILLS.
b. if Ewos
Kung Yiks b. t. 1416
t. 121 Shai Cottons b. Yangtszepoos Bă t. 516
MISCELLANEOUS.
D.
,
$8
$4,75
IL,
$8
$281
$8
b.
$49
The
$ 151
$2814
$10.
$6,80
$9,80
b.
£1 $5.40 $16
b
# 6.30
$6,60 $29
D
hire and India-The In- present wa", and her people are the Province, and this helps con-manufacturing capacity to
proad to form part of the British siderably to increase the volumus graster degras and a greater correspondent of the Journal Empire. Her various races are of trade with the United States, outpat is anticipated. The Steel Comziaros write The Sery intelligent and industrious, and This personal touch aziende to Corporation and the Bethlaberm has been sent abroad are eager to take their stand constant efort on the part of Beel Company - have contracta throughout Lancashire, and Free alongside the Dominions is American manufacturers to obtain Alled so as to keep the fantones Traders have been called on to great Imperial federation order in Ontario, fallowing the Fanning for two or three years to rarubish their antiquated con- India can no longer be refused raising of loans by Canadian bor. ooms. Although it is impossible troversial weapons. The cause of any tay in her own fiscal arrange rowers in the United States Pablie to airange new contracts with the the sadden turmoil may be stated ments. On this point Indian works on the part of the Provincial above two large firme, m inayey few words. The Govern- opinion is firmly united. The re- Government and municipalities acmazios, il le ssid, will be able ment of Indis offered to raise fanal of the Government last year and corporations have been con- to handle fair quantity of $100,000,000 of war debt, båt to permit the Indian Government fined to necessities. This ten- orders for export trade. Japan Yangtszes for this purpose they required to increase the cotton import duty deney is likely to continue during may be able to ob'ain goede from ther addition to their financial created much bitterness. The 1917 and will have its effect in this section so that imports will resources, which they proposed circumstances of the war hare reducing the demand for beavy not be entirely cut off although to secure, in part, by increasing changed the situation, and the materiala, steel for construction, they will be smaller. Horester, the import duty on cotton goods Government have had the courage building materials and machinery, the lack of shipe will tend to from 3 to 7 per pent.the Excise to give India the means of The only large works in progres obstruct the transportation of The United daty on the products of India cot- obtaining the increased revenus are the reclamation roheme of the materiala, to factories remaining se before at the requires in order to be of the Toronto Harbour Commission, States, forty years agy, produced per cent. In this proposal, service to the Empire in its boar the New Union Railway station only about a million tons; in high has been accepted by the of need. But India's claim to be a Toronto, s begining upon 1911 and thereabouts the outpat British Government and is now linked up with the rest of the which was made about a year was approximately 12,000,000 Ferries in force, Lancashire Free Traders British Empire in a preferential ago, the Welland Canal, and tons but in 1915-1916, since thes and their dapes profess to see the scheme beneficial to all has still work in connection with the outbreak of the war, the output Sugars
Hydro Electric Com- has swelled, sa given aboys, to Malabous of their staple industry. to be dealt with, and will, as wê Ontario But the truth is that the Lanos have already said, come before the mission's programme. The rail- 43,000,000 tons. Figuring upon
hire cotton trade is not in any Imperial Conference. We feels are way companies will not undertake the general output of the world is Kailans arious danger. Cotton goods that the great bulk of the people much, if any, new construction may be inferred that the increase Langkats of fine quality are not produced of Lancashire, who have always in Ontario in 1917. The Ontario of the steel output of the world Raubs
any extent in India, because set a patriotic example to the rest Hydro-Electric Commission will is at the rate of 30 or 40 Tronohs the long staple cotton necessary of the Kingdom, will look at the again be a large buyer of motora, per cent, every ten years and Urais for that purpose does not grow question from an Imperial and copper wire, insulators, eluide never less. there. Lancashire goods are not a perochial standpoint, sad gates, generstore and power plant material is daily, multiging even principally woren from long will loyally accept the decisions during 1917. This Commission of taking the place of lamber, staple American cotton, and in of that conference. The agitation the Ontario Government ander stone and brick in many cases.
b. those she holds what is practical which has been got up in that takes the transmission only of elea. Tas largest steel industrial
LANDS, HOTELS monoply. India, therefore, county is a hollow and unreal one,trical power from Niagara Falls, nations are the United Statee,
AND BUILDINGS." it is obvione, does not seriously instigated by a number of discred Ontario, to its customers in all Great Britain and Germany and compete with Lancashire in fine ited politicians with the object parts of the Province. While the most countries resort to them for Centrals cotton goods. It is the competi- of injuring the Government, and Commission bas bitherto parchas their supply of the material, H. K. Hotels Son of the mills of Japan and of prejudicing the results of the ed its current from corporations at Even after the war, with the Land Invest.
hins in coarse goods that India Paris Conference, Lord Balfour Niagara Falle, it has now decided suspension of the production of has to face, and the increased of Burleigh's Committee, and the to build its own power plant, munitions and war implemente, will the demand will continue in other duty will no doubt enable her to coming Council of Empire. Such construction
es it more successfully. The au agitation is doomed to failure. probably be commenced during lines although the present briak- spring. The Commission will use may not be witnessed. It Secretary for India, Mr. Austen
also be a large buyer in the cannot be gainsaid that Chamberlain, made it perfectly
comparatively pear fatore of the agricultural conditions are in ale that the concession made to India's repeated request, which
electric railway plant and material a Bourishing state the indos had behind it the full force of native
in connection with a scheme of trial conditions will: follow the opinion, was essential to the rais
electric radial railway throughout esme groove. At present, owing ing of the $100,000,000 in ques-
the Province. In road work the to the stoppage of the steel refin-Borneos tiga. He strack the right note of Ontario was greater than in the only important opening for ing industries of France, Belgiam China Light & P. b. When he said: "I am not un- previous two years. Daring 1917, British materiale is in the supply and other countries, a scarcity of Providents mindful of the controversies it is likely to equal if not surpass of plant, such as road rollers, the material is experienced thus Dairy Farms which this
han that of 1918. Barings barelstone crushers, &c. question
While in causing a great advance in prices. Green Islands b.
H. K. Electrics and accumulated; a certain amount of 1915 there was a large demand With the restoration of pesce, Ice Co., raised in past under diferent circumstances, economy has been practised; for second-hand motor cars, the many consumers in different lines
Ropes hat I trust that in these days of crops have been fairly good; demand last year was for few will begin their purchases which Steel Foundries strain and stress and common wages have been high; a large care, and moetly for thore selling will continue the brisknees in Trams, Low Level sa. Imperial efort I may appeal with volume of war orders has been at from 360 dole. to about 1,500 this line. The railway exten-Trams, Peak, oldn. conadence to these in this coun- received; and export trade has dole. Sales of such cara for bu- sions of British_India, Russia, Trams, Peak, newn.
United States, Laundries try who are more immediately practically doabled. The famers of siness and private parposes were Africa, interested, not to raise objections the province are in a good financial of substantial volamine. The more Chins, Japan and others will U Waterboats n to messure which is necessary position, and this remark applies expensive cars were not sold to enhance the briskness in the in- Watsons if India is to render to the Em- also to industrial companies. any great extent. The outlook doetry. The repairs to ships and Wm. Powells pire the help which it is ber Weak business concerns have been for business in the cheaper cars, the need of ships will add Morning Posts desire to give." Mr. Chamber-weeded out to a large extent in during 1917 is good. The increas demand in the line of shipbuild.
CORRECTED TO NOON WEDNESDAY lain's appeal, it appears, has been the past few years, and there is ing price of petrol does not seem ing. The foregoing factors, alone
MAY 9, 1917, addressed to deaf ears, so far as an improvement in the record of to bare affected adversely the Lacusbire 1. concerned. commercial failures. The general volume of sales of motor cars, Encashire
Traders, financial situation in the province but that factor, together with the Free
Bais sound, and the demand for all difficulty of securing skilled apparently, care nothing to whether India's generous staple lines of merchandise should mechanics, has practically stopped offer is sccepted or rejected, or be of substantial volums during sales of motor lorries. whether the wishes of 300,000,000 1917. Business, both wholesale of our Indian follow-subjects are and retail, has been good, except agnealted or floated. They only in the matter of luxurica The
in the present situation an demand has largely been for the United States steel refining it may turn out that, sinos England
priced article companies have received orders alone cannot satisfy the demand, TIT. cheaper opportunity to attack the Govern-the mant, to re-swaken the fiscal in staples, although the tendency from all directions so that many both nations may increase their Demand controversy, and to galvanise into now is towards better qualities firms were unable to accept all the prices. After the termination of 30 als.. kas semblance of life the dead and higher prices. There are incoming orders, says the Japan the war, Germany's finaccisi con- 60 ds........... bones of Cobdenism, The Free differences of opinion sa to Times. The total output in 1915 ditions will be in sad plight and, 4 m/8................... 2/5 1/16 Trade Frees have endeavoured to the volume of stocks carried by was $1,000,000 tons and in 1916 hampered by the large percentage T/T Shanghai....... Nom
not the action of the Govern- the retail storekeepers in Ontario, it was 43,000,000 tons. Seventy of her vigorong manhood killed T/T Bingapore 102, 111 entin this matter with the ques- The view is taken by some whole- per cent, of the total output is or crippled, she will not be able T/T Japan
T/T India
Nom. b of Tariff Beform. Now, what-sale houses that Ontario stores are consumed at home sad eo the to maintain her former position Demand, Indis Nom ever may be said either for or fairly well stocked with seasonable export may be estimated at from in international trade relations. T/T San Francis-1 against the proposal adopted by goods. This is said to be the case 10,000,000 to 15,000,000 tons Moreover as the result of the
co & New York! The Government, no such proposal especially in dry goods, as there the value of which is given at Economic Conference at Paris, T/T Java......... 13834 has ever been suggested or is a belief that prices of textiles Y2,200,000,000. With the en- the Allies will co-operate to keep T/T Marks Nom. advoosted in connection with the will be higher. War conditions tranos of the United States into German goods cut of the markets, T/T Francs........... 3.2514 Tarill Reform movement. It is an have interfered to a considerable warfare against Germany she which will go to add to the diff-Demand, Paris ....... 3.26 exceptional mesture dictated by extent with marketing of British will no doubt concentrate her culties of Germany. the circumstances of the war gcoda in Ontario. One of the and the necessity for raising more principal results of prevailing money. The position of India as conditions has been the necessarily Siste within the British Empire slow deliveries of orders placed by will come up for discussion and Canadian firms, or the refusal to settlement at the forthcoming |:#ccept orders for variouS, TERSONS, Emperial Conference. One of theIn this connection however there Salts of that Conference, we was an improvement towards the venture to say, will be the end of 1916. A certain amount of establishment of preference business in various goods bas between all parts of the Empire, gone to American firms, and Including India, Preference Canadian manufacturers have would mean to India that the taken a proportionate amount of United Kingdom and the business from British and other Dominions would give freer entry firms. The high tariff against to Indian tes, anger, coffee, wheat, imports from the United States. and all Indian staple products, has tended to reduce the volume and it would mean to us that of that trade. Sentiment in Ont- British goods, including Lanca-ario je strongly in favour of the Fire cotton, would enter the purchase of Canadian and British Indian market on better terms goods, and of those made in the Ethan the
the goods of other nations. Allied countries. Complaint in This is one
theheard cocasionally sa to the lack Svital objects of the Tariff Reform of personal attention given by Escheme, and it is entirely absent British manufacturers to the re from the proposal agreed to by quirements of the Ontario The Government. India has well market compared with
arned her right to be included Fin any scheme of Empire pre- Larence Her trcops have fought da by side with our own in the
of
he attention given to it by United States manufacturers. There is a personal touch in evidence in American trading relations with
the
will go, to augment the demand for steel notwithstanding the check in the manufacture of war supplice, and the industry cannot bat be predicted to have a bright future. The coat of production of Great Britain is less than that of The World's Steel Output. the United States and, with Ger- Since the outbreak of the war many out of the producing market,
MEUKOW BRANDY
Purveyed to House of Lords,
BENJAMIN & POTTS, Share and General Brokers,
Princes Building.
Tel. address: Broker.
EXCHANGE.
SELLING.
2/43/4 2/4.13/16 2/43% 2/5
57
BUYING. 4 in/s. L/O
215 9/16 & m/s. D/P.......... 2/5 11/16 6 m/ LC **** 2/5 13/16 30 ds. Bydney &)
2/5 13/16 MelbonmeÑAS,
30 d/s Ban Frano-1 isco& New York)
5814
4 m/ Marks Nom. 4 m/s. Francs ... 3.3734 6 m/s. Francs ****** 3.4214 Demand, Germany.. Demand, New York. 574 The Govern T/T Bombay .........
Demand, Bombay. Nom. ment Depart- T/T Calcutta ments at Demand, Calcutta... Nom;
Washington, Demand, Manila... 114 Demand, Singapore. 102 On Haiphong.
U.S.A.
AND
The
Different
Navies and
Armies. Sold Everywhera."
Sold Agents--
H. RUTTONJEE
& SON
16, QUEEN'S ROAs,
On Saigon
On Bangkok
Sovereign
3%
prem. 294% prens
8.257 Nom
Gold Leaf; per oz. 49.10 Bar Silver, per oz. 37 15/18
SUBSIDIARY COINS.
DISCOUNT PER $100
Chinese... 20 cts, pisoar 5.34 %dis,
* 5.12%.
hinese...10 Hongkong 20 cta. pieces · ́pat. Hongko
10.30 A. 11.00 AM 19:30 Noom
600 JAL
5.) F.M.
6.30 1.36 M 8.00 25.
EVERY 15 Mux
ju M
15 MIN.
30 Mak
15 MIN.
10 MIN.
15 Mr. 10 M
BIOEIT CARS ax on Wenk Daya
SATURDATE:
Petra Car si Midnight *PECIAL САЯЗ
By Arrangement at the Company's Offse, Alemania Bujikinge,
Dhes Torax Bond
*Son. ad plach tickets available for all
Does not already full, running at the time stated-
to the Company's time tables, but not for spec
• oblaked on application at th
One-No Season ticket will he
BANKS
HONGKONG & SHANGEAI
BANKING S "CORPORA
NATION.
Paid-up Capital or aut REZERVE FUNDS.
Sterling
£1,500,000 at 21-
$15,000,000
Silver $18,500,000
$35 500,620
Reserve "Liability of
Proprietors...$15,000,000.
COURT OF DIRECTORS.
5. H; Dodwell, Koç, -Chairme J. A. Fammer, Rose Deputy Chairman. Hm. Mr. C. L._Astong G. 3. Menn man Par Lag, W. L. Fattendes, lagu- Cam. Hov. Mr. M. Malim,
Dog
Üzlet MaxasMI Kongtong-N.Joltabb,
MARACHE Shanghai, G. Bephen, Zag London PazdersLondon County and
Tominuet, Limbed.
Hongkong-Internet Allowed i
On Current Accounts at the rate of 2 par non
abs on the daily balance.
ON FIXED DEPOSITS. For I manha, 23 par saat per ainge
For cats per a per
For a months, i per cent per swem, N. J. STABB,
Chief Manager
HÒNGKONG SAVINGS Bar K.
THE Business of the abers Bank is cystected by the HONGKONG AND SHANGHAI SARKING CORPORATION,
Rules may be obtained on application INTEREST on deposita a allowed on the shad inete moqthly balances at 83) per Cack per OL
Depositnes may transfer, at their option, balancast of 100. be more to the Hongkong and Shanghel Bank to be placed on FD DEPOSIT ** sant, per annum,
For the Bonglong and Shanghai Dunking Corpene tion
N. J. STABB,
اه
• Chief Manager.
THE CHARTERED BANK OF INDIA, AUSTRALIA" AND CHINA
Incorporsund by Hayal Charter 1943
READ OFFICE-LOXEÓN, Paid-up Capital
Reserve Liability of Proprietors.£1,200,000 FOREIGN KICHANGE and Gwers? Dealbar
besine anancial
CURRENT ACCOURTS opsoed and Takku DIPOSETS recaived for 1 year or saernet perbedaan rates which will be quoted on application.
T. C. DOWNING,
Manager Hongkong, 11th April, 1912,
THE MERCANTILE BANK CF INDIA, LIMITED,
Head, Office 15, Gracechurch
Street, London,
Authorised Capital ......£1,500,000
{Subscribed
i damard payment therefor has been made || Paid Un
Gurned
in Bank Notes or by Cheque de Compradore
| order zaprementing Bank Xotes"
JOHN D. HUMPHREYS & CON:
THE CHINA PROVIDENT LOAN AND MORTGAGE ́ CO., LTD.
(Capital Paid up $1,250,000.)
Low on Morignes of House Property, ča Goods zwetired on Storage, Advance mado ou Merchandios. Loues made on the Provident System.
TRUSTER, KISOUTOR OF WILLE ATTORNEY, 4o. Ündersaken and Bracpted. *Fates and Partionissa con applicationi
To the Office of
SHEWAN, TOMES & CO.,
General ManagerA
MITSUBISHI COSHI KWAISHA.
(MITSUBISHI 00)
COAL DEPARTMENT.
•
BULK PROFEITORS OF TAKASIMA. „OONI, MUTARE, KISE. DAKE, YOSHINOTANI;~^NOJO;- HABA ZUTA, SAYO, KANADA, SINNEW, KASĪTAMANA; BIBAL) and ́OTUSAR
Collieries.
Agents for SAKITO CORE,
HEAD OFFICE MARUNOUCHI, TOKYO. BRANCH OFFICES :—XAGABATI WOJL KARAISU, WAKAMATSU, GTARU, MURORAN, HALODATE, KOBE OSAKA, KURE, TOKYO, YOLD- HALA,NAGOYA, TSURUGA, VLADI GOSTOOL, HANKOW, PEKING, LONDON, NEW YORK, SHANGHAL: BONGKONG. BAIPHONG and CANTON......
Cable Address:-"{WASAKI," Cod 3: Al, A.B.A. 5th Ed., West- ern Union, and Bentley's.
AGENCIES S CHINKIANG-Mosers, GEAR-- BG & CO., MANILA-MésSTS, MACONDRAY & Co., BINGA- PORE MESTS, BORNEO LTD. GLASGOW-Mensiz. A.R.! LROWN. MCFARLANE & CO., LTD.
For Particulars, apply to
Reserve Fund
1,125,000
*****
562.500 500,000
BANKEZE The Bark of England.. "Ke Loudon Toat Stock Bank, Liewed. BRANCHES
Bombay
Calcaria
lolombo
Dalbi Gafle
Hongkong
Howzal
Kandy
Port Louis (Mauritius)
Karachi
Kota Bhar Kuala Lumpas Madras
Penang
Rog
Lingapore
PONGKONG BRANCH, Every description of Banting, and Exchange business transaciać.
Interest allowed on Current AccountsA SE I PO THE per annum na Daily Balance, and on Fund, Duphan ut rates which may de nacurtained as application
C. CHAMPKIN,
Acting Manager,
INTERNATIONAL BANKING
· CORPORATION.
HEAD OFFICE:
56 Wall St., New Yak
LONDON OFFICE: Jó, Bishopsgate, BC.
CAPITAL PAID UP".$$250.000
RESERVE FUNDS.
U.S. GOLD
BOMRAT CALCUTTA CANTON CEBU. COLON HANKOW KONGKONG
BRANCHES :-
KORE
$4,250,000
$7,500,000
SANTO DOMEZFOO LONDON-SHANGHAI-
MANILA BINGAPORE MEDELLIN TIENTSIN PANAMA YOKOHAMA PEKING
SAX PELSC&
Through Its close affiliation with The Nation Cy Bank of New York, the Bank is able ta näet a Svices of the Branch of that institution in Cam Seth America, and am vbeza, Bama vyo
BAHIA, BUENOS AIRES, GENOL, HAVAN MONTEVIDEO, FIO DE. SANTIAGO DE CUBA, SANTOS, PAUL);, PETROGRAD VALPARAISO
All kinds of FOREIGN & LOCAZ KANKING BUSINEKS transacted.
CURRENT ACCOUNTS openal, and YIXID DEPOSITS Eveď at, Kacsa na -he Cazane s application.
GEDLOW-ROSE,
Hongkong, 26th September, 1916,
THE
CO. YOKOHAMA SPECIE BANK,
LIMITED.
Established 1880.- Authorized Capital Yan 48,000,000 Paid-up Capital
# 30,000,000 Reserve Fund*****
K. KATO, Manager, Longkong, No. 2, Pedder Street,
́MARTIN'S
APIOL SETI
ZAMARTIN'S
SAPIOL SF
| 21,300,000
Head Office.-YOKOHAMA,
Austung-Hula Bombay Calcati
Agrocher Napok
New York
Friday
Surset Allow
Pocien
Neckweag
Ove
Byplas car
Shanghat Eingsport
Timaksin
Toky
Landon Cucrest Aconsent Papeitor Szić pogled pt poles i
on suplicaciobtained pu, vēstu
ZIHI ONO Manang
Hong kong, 13th March 1917