THE HONGKONG TELEGRAPH, `FRIDAY, SEPTEMBER 7, 1917.
GENERAL SHIPPING NEWS
the fate of "vesenis to be newly built, rests apo supplies of materials from the United States, except, perhaps, in some over where the necessary materials have already been secured.
Seames and Income-Tax.
New Shipping Companies. ¿
the Freach transport (wrecked on As already mentioned, there
a rock) which lay for six mouthe have istely been a rapid appear
under water and was able to steam ace of new shipping companies
any "in less than three weeks in this country, more especially in
after she was raised to the surface, There is the famöna čase, also; tó Kobe, some of them being fisted by promoters who are themselves
mention but one other, of the large owners. Referring to this
Tiwankes, a remarkable example | of ship surgery, which ✨ waS mashroom growth of shipping companies, the Jiji aye it "
Daring the disonesion on the stranded on racks, had to have understood that one of the reasons Finance Bill, the Chancellor of the forward end eat eff by dyna is fear of a decline in the value of the Exobequer moved the inser mitr, and a new part joined to Tomrela. In view of the present tion of the following words in the old, and is now, after twenty high prios of balls, some ship section 30, "And in exlculating years' wear, practically as good owners desire to change the older the earned income on which as ever. The fact is that neither of their vessels for cash, but fear relief is to be given under this "bipe nor cargoer, except per- that this will cause the value of action the deductions required to ishable materials and foodatu bulls generally to fall. They are he made from earned income as-deteriorate very much under not to be thwarted in the way of dor sab-section (2) of rection 19. water. The chief damage that a making moner. They have 3 of the Finance Act, 108, as ship suffers is when she is only caived the idea, our Japanese amended by any other. Act, eball hall submerged and the engines contemporary says, of organising not be made from the pay unless at low tide are left to dry in the A new steamship company with except in so far as the amount of wind. Uasliy, when a vessel the double object of forcing their those dednotions exceeds the that bea been wrecked is being old and ramslekle ships on the aggregate amount of the earned flasted, a barrel of oil is poured new company at a heavy price income other than the pay and of on the surfios of the water in and of grabbing a handsoms the unearned income, and the said order to leave a deposit over the profit by inviting public eub-section 30 s so amended eball machinery. Repairs are quickly soriptions to the capital at a high apply to any person who during effected, and rectione torn by rook premium, taking advantage of the the corrent income tax year her or shattered by torpedo present for shipping served or serves for not less than Do great difficulties in the work of gener-1 basiones-Japan Chronicle.
three months as master or smem salvage, for they can be com ber of the crew of any ship or fish-plately replated. Valasbless are "Japan's Shipbuilding Capacity.ing.bout an it applies to any of the ships themselves that now lie the persone mentioned in that at the bottom of the ses, the car. In view of the agitation of secti a. Mr. R. Holt said he goes of cotton, rabber, wool, shipbuilders in this country over did not see why the country Machester goods, iron goods, the America prohibition of should go out of its way to give machinery, and so on are coD- ordinary exporte of iron and steel, a reduction of taxation to mercan sidered to be more valuable still. wome interest sitsches to a survey tile murine officere in preference The question is-Oso they be re- of Japan's present capacity for to any other class of servitors. Covered? "In many cases, yes, shipbuilding. Before the war The result of such a prcceeding they ea." this authority repeated, there were only six or seven ship would be that the employer would" but at the present time it is all building companies in Japan reduce his wages bill, as bad a matter of labour, and there is which had stocks available for the always been the case in cases of no labour to be had. Io 99 construction of vessels of over hotels or pleas where theservitora case out of every 100 1,000 tons. The number of such got large sums of money by way require divere, and divers, like shipbuilding yarde, however, bee of tipe, they always found that other men, specialize in their now incrassed to about thirty, their wagen were reduced. If work. "A man accustomed Japan's abipbuilding industry they wished to relieve a man they handling cargoes under water i having undergone a great de would not do it by this meane, worth four men who are diving Telopment thanks to the effects of bat they would only give relief for building piers and dock walle. the war. The following table to his employer. He wished to There are few, if any, enlvage shome, according to the latest in make the strongest possible pro-divera left. What salvage Inboar vestigation, the shipbuilding test against the idea that anybody and mechinery there we bus concerns in this country which should
relief тесвіте
from beed taken by the Admiralty.
12
you
to
have stocks for building Teesele taxation which would only have who have appointed special
of over 1.000 tonE:~~~~,
Company. Ishikashima Zosensho Ano sensho
Number of
Stock..
Kobe Yard of Asano Ziarneho
8
adviser, sod are doing, it is believed, a great deal of valuable work. Nothing, therefore, can be done except what the Admiralty is doing until the end of the war. Then there will be possibilisier for salvage work on a considerable scale, both in the North Sea and] in some part of the Chancel. The North Sea is ufficiently. hallow for diving for car res. but there would be no chance of salving vessels that are covered
the result of benefiting the Employer. All service ought to be rewarded in a proper manner, and all classes of taxpayers should be placed upon an equal basis. Mr. Peto remsiked that the servant of the hon, member for Hexham would not be Battered by bie comparing them with hotel waiters. The concessione which bad already been extended to oar soldiers and exilers ought to be extended to thore excellent men in the mercantile marine, by more than eight or ten feet of who had rendered such gallant water, because at a greater depth, Servics during the war. (Hear, than this the decks will not bear) Be asked the Financial stand the pressure. Thers are, 5Secretary whether it would be however, a good many ships sunk 2 possible to make subsection A in comparatively shallow water, of the new clause retrospective; which could be raised now if
...7
Yokohama Lock Kaisha
9
Yokohama Ironworks...
Traga Dock Kaisha
Toba "Zweneba
ge ...5 ...3
Osks Ironworks (at 8skur.
...7
Oaks Ironworks (at Inno-
shima)
...G
Taj Nagsis Zoeensho...
...3
MAIED Ironworks
...2
Ono Zensbo...
...3
Rarain Zenehn
Oarka Tekko Ziseselo
Kizzogawa Zeneho...
Hara Zeosbo...
Ohura Zwensbo
...
... 1
Namara Zi+easho
3
Matsuda Zeenebo
2
Asahi Zensho
...I
Osaka Yogvo Zeensho
Kawasaki Dockyards...
...5
Mitsubishi (Kobe)
Mitsubishi (Ngasaki)
.7
5
* Foragemn 2 1genabo....
...I
Farakawa Zarnaho....
Tocbiki Zensho
Total
"Projcted.
it had been pointed out to him there were the men and the plant that since the concession was to do it. The legal rights of made that it had been, attended salvage are those between the by great bardships to men in persone who are prepared to malve. receipt of small pay. He had re-and the owners or underwriters. ceived many letters on the sab., A salvage company, for example, ject, one from a lieutenant who knowing that a restel with a had been invalided out of the cargo of wool or cotton has been service, who said that he had bad sunk at a certain epot, will notify to pay the fall rate on, his in the anderwriters that they are 1 come, and that he had not benefic prepared to selve the the carge ed by the concession. The and perhaps the thir, and they 94 amendment was added to the cffer to do it. The question of the three-mile limit is not likely to Bill..
arie. It depends on the terme | of peace whether it will be pos sible for German companies to offer to Riva the British ships they have suck, and upon the feeling of British anderwriters whether!
Salvage Problems After the
War.
#
Of the above dockearde, the Aatno Zagneho cintemplates idstalling three more stack-, while the establishment of quile a
Some hundreds of merchant number of new shipbuilding
German yarda is proj.aled by several large ebips, torpadoed by shipowners. The number of submarines during the throm Mooks for vessels of over 1,000 years war, are now lying with ton will, therefore, iparesse to their various cargoes at the bottom at least 100 before the end of the of the ses, Mast they lie there year. The stocks above-mention for ever or on they be related, ed differ largely in size; some as Germany is reported to have being of a 1,000-ton type. others refloated, and taken into Antwerp of a 10,000-ton type. An expart harbour, the German-L'oyd atstes that their capacities average esmer Goeisenau which was 4,000 tons and if adequate sack at the beginning of the war materials are available, Japan in the Scheldt? The question was will be able to build 400,000 tona put by a representative of the of shipping at a time, or about Observer to oss of the bes satho 800,000 tons a year, taking the ritied on salvage, and his reply time needed for the boilding of was that in many cases, if the one steamer at six months. This labour was available, they, or at in the outside estimate, however; any rate their cargoes, could a more reasonable estimate would certainly be salved. His conviction be 800,000 tons, or about was strengthened by many exam. 1,000,000 tone déid weight a year, } ples of salvage in pre-war There was the half provided, as already stated, suf- | times. Goient shipbuilding materials are a million in specis that was procurable. This expacity, how covered from the P. and 0. liver ever, cannot be said to be a real which went down in the Channel ane, for it depends upon supplies of Brachy Head, and the #100,000 of materials from abroad. Thers worth of copper taken from the ara about 50 vessels, aggregating | Slavonis after she was wrecked about 200,000 tons, now building in twelve fathoms of water in the at the various dockyards in this Azaroa, As to ships themselves * Their fate, as well, and that baya boon salved, bo recalled
非
if they were" "made" they would consider them There is so reason to sup pose,” it was added, "that" Ger many in better equipred for this work than we are. Os the "con- trary, the best equipped elrage ssociation in the world is that in Liverpool: Some of the Ger- man campanies have more steamers, but they have not to large an amount of machinery. When the time is ripe, therefore," there in every reason to suppose "that this country will esive its
own ships and their cargoes."
The touch of the Remington
.Visible models is a revelation to all operators, even to those who are most familiar with the light touchofformer Remingtons.
These latest Remington, models are triumphs of light touch and perfect act- ion unrivaled in this res- pect among writing mach- ines.
The superiority of the 10 and II Remingtons in touch and in speed is a matter of simple demonstration.
Strike the keys of one of these Remingtons, note the ? light, slaccato touch. Compare it with the touch of another machine.
Release the carriage and run it up and down the scale. Do the same with any other machine, Note the differ- ence. Note the light running Remington carriage. Note
in everything the supe- riority of the Remington.
The exquisite design and workmanship of these Visi-, ble Remingtons tell the story.
MUSTARD
& GO, SOLE ACENTS.
VISITING
HONGKONG SHARE
-REPORT
-SELLERS; 8A.—SALES;- -BUYERS; N.—NOMINAL..
OFFICIAL PRICES. BANKS.
H. K. & S. Banks a
China Fires H. K. Fires.
*SHIPPING,
Douglasės
b. DOCKS, WHARVES, GODOWNS, &C. H. K. Wharves 88... Kowloon Docks 1. S'hai Docks 11.
BANKS.
BANK OF CANTON, LIMITED.
HEAD OFFICE, HONGKONG
FOREIGN EXCHANGE and Banking Business
General Transacted.
الله
INTEREST ON FIXED
DEPOSITS:
Chief Manager.
BANQUE INDUSTRIELLE
DE HINE.
行銀業實法中
Capital (34 Paid up) ...France 45,000,000
(1/3 of the Capital subscribed by the
Government of the Chinese Repub'ic.}
Chairman of the Board of Directors Andre Berthelot, General Manager A. J. Pernotte. HEAD OFFICE:
74 Eue Saint Lazare, PARIS BRANCHES: PERINO, SHANGHAI, TIENTSIN HONGKONG. and SAIGON. BANKERS.
$378
MARINE INSURANCES. Cantons North Chinas Unions
п.
11.
B.
$520, t. 100 $790
Yangiszes
2. ex 75 $19 i.
FIRE INSURANCES,
Д
#151
AL
$900.
For 3 Mantha 3% per annum,
11.
$81
For 6 Months 4% per annum.
it
| Steamboats Indos (Def.)
11.
$17
Di
$39
Indos (Pref.)
$25
For 12 Months 41% per annum
Shells
b.
108/6
LOOK POON SHAN;
Ferries
$23
REFINERIES.
Sugars Malabons
$92
$99
MINING
Kailans Langkats Raubs
b.
40%-
11.
t. 14
$2,60
Tronohs
P.
25/6
Urals
IL.
32-
Oriental Cons.
281-
$73 $119) £ 78
LANDS, HOTELS AND BUILDINGS. Centrals
Ľ
€90
H. K. Hotels
63.
$94.
Land Invest. H'plu cys Est K'loon Lands
b.
$85
b.
$6
21.
$33
'S'hai Lands West Points
b.
b.
L. 75 $78
Reclamations
#115
"COTTON MILLS.
Ewos
8.
t. 16).
Kung Yiks
b.
t, 14
S'hai Cottons
Пt.
t. 129
Yangtszepoos
b.. "
t. 5
Orientals
b.
1,96
Borneos China Light & P.R. Providents Dairy Farms Green Islands H. K. Electrics H.K. Ice Co., Ropes
7.
#GL
$4,50
NOTICES.
b.
#735
$25
$8. D.
D.
$7 #4826 $149
$261
$10 +$6.00
$9
cts, 90
.$8
EVERY IS MIS
5. A.
10.00 A.
10 MIN.
$18
30.00 £3. SO 11.30 AM 10
11,00 C
16 MIX.
G
" Π.
8.
n.
26:50 $29
26 Pa to
18x8.2. LEX J.M. 145 1.4. LIB P.x.
19 20
1166
4.00 1.3.
6.00 PLAC
MISCELLANEOUS.
Steel Foundries b Trams, Low Level ä. Trams, Peak, old s. Trams, Peak, new n. Laundries
b. U. Waterboats. n. Watsons Wm. Powells Morning Posts
CORRECTED TO NOOK FRIDAY SEPTEMBER 7, 1917,
BENJAMIN & POTTS," Share and General Brokers.
'Princes Building.
ᏝᎥᎢ
Tel, address; Broker.
EXCHANGE.
Demand.... 30-dis.
of dia..
SELLING.
3/2
3'21
3/214
-3/236
3/214
TIT Shanghai.....
Nom.
T/T Singapore
13434
TT Japan
1474
IT India
Nom.
Demand, India
Nom.
T/T Ean Francis-
co & New York)
7514
Til Java...i.
1804
T/T Marke........................ Now,
T/T Francs
4.3814
Demand, Paris 439
BUYING,
4 m/s. 140........ 3/31/4
6 m/s. L/C
5/396
30 die. Sydney &1
Melbourne
3/356
'THE HOME, OF
30 ds. San Frano-1
76%
PRIMO BEER
stocked and sold by all Wine
& Spirit Merchenta Hotels
{and Clubs. H. RUTTONJEE
& SON, Wine and Spirit Merchants,
isco &New York)
4 m/s. Marks ...... Nom.
4 mia. France'...... 45211⁄2
6 m/s. Francs - K
4574
Demand, Germany. - Demand, New York. 755% T/T Bombay umai Demand, Bombay... Nom. T/T Calcutta iummar Demand, Calcutta... Nom. Demand, Manila... 151 Demand, Singapore, 1844. On Haiphongen. 5447 prom On Baigon - 5% prem. On Bangkok............
4834 Sovereign FORECL 6.20 Nom Gold Leaf, per oz. 37.60 Bar Silver, peros.... 4814.
SUBSIDIARY COINS.
DISCOUNT PER $100, hinese...20 cts, places" %ria, hinese...10 Hongkong 20 cts, places 112% pre Hongkong 10
14%
Is FRANCE: Société Générale pour favoriser le Développement du Com- meres el de l'industrie en France. In LONDON: London County & West--
mimter Back, Ltd.
In NEW YORK: Redmond & CA in ITALY: Banca Commerciale Italiana, Telegraphic Address: CHIBANKIND. "Interest :llowed on Current Accounts and Fixed Deposits, Terms en application, ▸ Every description of Banking and Exchange basizess transacted. - ·
M. ROUET DE JOURNEL, Manager.” HONGKONG BRANCH : Queen'■ Building,
Tel No. 2359
5. Chater Road. Hongkong. 20th August, 1917.
NOTICE,
PEAK TRAMWAY CO.,
LIMITED.
TIME TABLE.
1.00 ..
8.00
NIGHT CANE.
400 Pač and.s ro,95/
13.30.M. every aftur.
10 to 11.45 1.35 rey quartor ni ahlGur BUNDAY:
1100 Noon
10 AUG 17 10.30 AM. 3600 AL 10 11.30.3. 10 1km Jeon to UM 2.3. 10
in Mix
EYRAY 18 Min.
16 Mix
100.FM 6.30 7.1.
16 MIX.
6.03.1
10 Bt.
10PX.
10 MIN.
8.30 1.36.
10 Min.
RIGHT CARS as on Week Dayê.
KATURDAYS;
Extra Car as Meldigvi.
SPECIAL DABE
By Arrangement w, the Company's Office.
Alexandra Butta:ngs.
Des Forex Bod
• Season. 124. paneb ciekaw acaliable for mit
BLAR NƏR BİRady full, running at the site al in the Company's time ratu, but solo special dant, oss be obtainer on spplication at iba Company's Off Braco ticket, wil be naked payment therefor has been 'minde in Bank Kota or by Channa or Compradore order representing lakk Notam?
JOHN D. HUMPIKETS & CO. 2
THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD:
(Capital Paid up...$1.250,000.)
Laser on Mortgage of Konds Property, dis (Becca TecnfraĞ on Htorage. Afrazeos cada na Marulandia Zanten moda en she Provident Systema. ....
TEDETEI, XIIGUROR OP WILLA, ATTORNEY, der Undertaken and Bismiled. Rates and Particulars on application) To the Office of
SHEWAN, TOMES & CO.,
General Managera.
MARTIN'S
CAPIOLSTE
BANKS
ONGLONGTME BHANGEL BANKING CORPORA
TION C
Paid-up Capital...$15,000, Per RESERVE FUNDS ›
Sterling
£1,300,000 = 2
-$15,000,000 Silver $18,500,000
Reserve Liability of
Proprietor.........
$39 500.0
$15,000,000 COURT OF DIRECTORS«,
Hon. Mr. F. H, Doswell. af het.
•Thon. Mr. P. B. polerere Chaleta sa Ho Mr. Aroa, F. Circher, Log. 5.2. 3. Ekin kay
E. V. D. Parr, Eag, W. Partenem, Elsa- ~A. Compton, Er
Hong-N.J.AL ING.
MANAGER Flangbai-0. Stephen, Kag London Banken-Landes CoRDIT BAC
Waruiwer, imited.
Hongkong-terra: Allowed
On Carrent Accourse at the rate of per pas
sayom on the day beanca
ON FIXRPOSITZ,-“ For 1 macht, 21 stal, per aOKLIŲ For two, 1 per cent, per e Forewords..$ per cert, par shou:
N.3. STABE.
Chief Manager
HONGKONG SAVINGS BANK
- THX Basiness of the above Bank is omanetse the HONGKONG AND SHANGHAI BANKINÉ
CORPORATION. DA Rules may be obtained on appication
INTEREST on deposits is allowed on for six ( Lone monthly balances at Sji par cans, puł nawa. Depostors may transfer, at their option, batanga ofo or more to the Rocking sat ShanDNO! Bank to be placed on 272ED DEPORT 201 Dent, per entuN.
For the Hongkong and Boangbal Banking Lormar
N. J. STABE,
Chief Manag, o
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.
...Jncorporated by Royal Charte Diga-
EAT EPIC-LONDON PAIN.UP CAPITAL im.K! Bec RESERVE FUND
RESERVE LIABILITY OF————), CO
PROPRIETOR.#20,00}
TOREIGN FICHANGE: and Ganera! Besides daninen traDELAS. ETREEXT ACCOUNTY opened., and FXR DEPUIT received for I year de abortes parĒDIES. rates which will be quoted on application T. C. DOWNING.
Manage Hongkong, 11th April, 1911
THE MERCANTILE BANK OF INDIA, LIMITEL.
Head Office 15, Gracechurel
Street, London.
Authosed Capital .............. £1,500,000- Buber-har
Paid Tr Reserve Fund
++
***** 1.125.006
org 362,300
600,004
BANKERE The Back of Engiere The Loading Tein Seock Bank, Limket KRANCHE8 (→
Comhar
Calcuits.
Colomb.
Delhi
Galie.
Hongkong
Howrah
Kandy
Port (5xaristes)
Karachi Kota Bhar
· Kraka iwe p
Madets
PERDE
Rasgour
thangbil
Singapor
PONGKONG BRANCA.
Every description of Banking and Examp bexiness traced.
Tateress allowed on Car Accents At 8 per Da perangers of Daily Balancas, and on Find Depor at rates bich may be ascertained on applicaties
C. CHAMPKIN,
Acting Manazel.
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE:
$5. Wall St., New York.
LONDON OFFICE: 16. Biasate, CL., CAPITAL & BURPI CS: US $6,500,00! UNDIVIDED PROFITS US. $1,010,000,
BONRAY CALCUTTA CANTON CFEU. COLO HANKOW
J
LONDON MANII A MEDELLIN PANAMA PEKING. PUERTO
HONGKONG PLATA
KOLE
►
IJA, $7,510,000
IAN PEDRO
DE MADRIF. BANTO DOMONOT FAN FRANCISCO SHANEPAT SINGAPORE TIENTSIN YOKOHAMA
BRAN PPS Thomet its close **Jiating with Ta NATIONAL CITY BANK OF NEW YORK, the Bank is able to of the Services of the Branches of that institution in Cars South America, and elsewhere, amelyem
BAHIA, BUENOS AIRES, GENOL, BAFANA MONTEVIDEO, BIO DE JANEIRO SANTIAGO DE CUBA, SANTOS, SAC PAUL, PETROGIÐ VALPARAISO,
All kinds of FOREIGN & LOCAL BANKING BUEIFFER transacted,
CURRENT ACCOUNTS opened and FIXEI DEPOSITS racahvedel cases to be ascertained m application.
*GFORGE HOGG.
Mannew.
Hongkong, 26th September, 1918
THE YOKOHAMA SPECIE BANE,
LIMITED.
Established 1880. Authorised Canital Yen 48,000,000 Paid-up Capital ... Reserve Fund.......
1+
36,000,000 21.300,000
Head Office.-YOKOHAMA
Branchion Lad
Batung-Jialen
TRADEF
Calcutta
Changchen
Daires
Harkin
Agendar
Bawchwie
New York
Folding
Penghien
이
Но
Bogbal
Hankow
Bonekalu Kobe
Laso-Yang
was at any Tremoladig at the TYRAN E
London!
-Loy Angelos
fdingan
MARTIN'S
Lyons
resive for Azadi garázda në raim to by, obCAME
spplication
EISHI ONO, Mans Hongkong, 18th July, 1917.