PROFIT MAKING AND
.PROFITEERING,
THE HONGKONG TELEGRAPH, WEDNESDAY, NOVEMBER 14, 1917.
f the goods prior to the war, in the home or the Colonial market The retailer had no option in the would not be a sing as a shrewd matter, and onosented to pay the basinse muu vere be to endear- higher ratan-kd, and the shoes our in a period of rational crisiu wen duly delivend. Sabregueatly to arploit the necessities of thoss, Vhære does one end and the fwo sisters-old and regalar upon whom, when pesse comer,
(other Commence.?
Retailer" writes in the Daily "Neil overenss edition.
follows-
customers-Tisited the boot de his prosperity will depend. The partment, and each desired to be public are said to possess short supplied with a pair of the shoes, memories, and in regard to some referred to. Que took a sixe larger matters the statement is strictly than the other. Here was the accurate. But they have long
aanleeman'e dilemme. Be sould memories for tradesmen who bave
the
Саве
•
DAIRY FARM NEWS.
NOTICE.
Owing to the scarcity of Local
Beef we have been authorised.
by the Food Committee to in-
COAT SWEATERS
WHITE
or
GREY. $9.00
Reach.
WHITE
or
GREY.
$9.00
each.
FOR GOLF, TENNIS, CRICKET AND ALL OUT-DOOR SPORTS WEAR.
crease our retail prices by 15. MACKINTOSH
JUST TO HAND
A SUPPLY OF
CHRISTMAS CARDS
N
IN SIMPLE STYLES. SOUTH CHINA MORNING POST, LTD..
3. Wyndham Street. Tel. 440.
TO-DAY'S ADVERTISEMENTS.
MENT, MACAO.
TO-DAY'S ADVERTISEMENT.
GLEN" LINE OF STEAMERS. CIMITED.
sapply one of the size required been proved to be unworthy of Daring the past few months the from stock purchased before the their confidence. How often bea word "profiteering"" bas been very › war, and 000 from stock one heard an angry customer say, hard worked by many newspaper { purchased after the WAY, I'll never go into that shop writers and public speakere. It other words, be could supply again." Aud in many has been heard in Parliament and one eieter with pair of shoes when the statement has been has been shouted by street corner at the old price and the other made is he been due, I bel "onitore, As a consequence the with a pair on which the in-lieve, to a fealing-possibly quite "grefiteer" is just now in exceed creased cost was ls. 3d. and for nowarranted-that an attempt ingly bad repte, though, which he oo,ht to charge a pro has been made by the retailer to curiously enough, DO exaci portionately higher price. But obtain an unfair advantage. Oa defnition of profiteering has been both pair of shoes were of exactly the other hand some customers from 1st November, 1917. forthcoming. It is, however, quite the ame maske. Ought be to are wholly unreasonable and clear that profiteering means to have charged one sister the proof against say-endeavour to thee who so freely use the original price for the pair in plesen them. They can be ignor word, good deal more stuck before the wir and the other ed, for they merely irritate than profit-making. There is sister a higher price for the pair assistantes and disturb the har apparently nothing to be asid purchased after the war at an mony of business life. The great gainst profit-making, but increased cost? If he did so be majority of customers, bowever, much to be asid sgainst proateer-would have been asked to explain are reasonable beings, with whom ing. One, it would seem, is why he had two prices for the it is not difficult to establish perfectly legitimate and the other eme article, and though he could cordial and lasting business rela quite illegitimate. But where is give a complete explanatios of tions. It is the latter that it is the line to be drawn; where doss the matter it might not prove desizable retailers should be able profit-making end and profiteer. convincing to customers, to convince that they bava noi, ing commenos? I am retailer, Whal ought the trader to do beea the victims of profiteering. and in order to earn my living who desires to avoid troubles of Bat, on the other hand, it is must make a profit on the woode this kind sad at the same time essential that customers should I well. If I did not the Official does not wish to be charged with be ander no illusions in regard Roeiver in Bankruptcy would profiteering?
to their relationship to the trader take possession of my assets and As a business man, and an from whom they purchase goods realies them and distribute the boomt one at that, I claim that they regaire. The trader i proceeds among my creditors. retailer is entitled to increase the tightly entitled to his profit of The latter would then have to te price of his prewar stock in the lines he sells and to reason content with a dividend of some-nocordance with the increased able remuneration for the service thing in the pound on what Iome cost of goods bought in order to he rendere. Some customers are them instead of the twenty keep his range of sisse fully sorted too prope to think that they confer whillinge in the pound which 1, ap. There is, in my opinion, favour on a retailer by parehas ag an honourable man, have been nothing dishonest in raising ing goods shown for sale in a shop. able to pay them.
prices of old stock to the public, I have never accepted that view. "I Where, I ask, does profit-providing the articles are good have always been pleased to trans- making ead and profiteering comvalas at the time of sale. It is a sot business with all comers and PUBLIC WORKS DEPART- mence? I ask the question as a universally respected principle have always endeavoured to treat retailer who wishes to do the that goods are worth what they with courtesy those who entered right thing by his fellow men, will fetch in the open market. By premises on business bent. but who does not desire to get Then there is the other side of the But I bave carefully refrained into a complicated mass of trouble medal, A retailer sometimes makes from obsequiousness. My view of with customers. And bere let me an error of judgment in parchae the relationship between a retailer express the opinion that many ing goods, and fading later on sad a customer is that it is IT IS HEREBY noted that on who bare flang the abusive word that they are not suitable for his mutual. The retailer wishes to the Public Works Department, the 20th inst, at 3 P.M., at **profleer" at the head of trades trade has, in order to call them, to sell and the eastomer wishes to and before a committee presided men have not always taken their reduce the price and pocket the bay or be would not, presumably, by the Director of the Public side of the case into careful loss. Another consideration that enter the shop. This view of the Works and composed of three scocent. It is forgotten that prompte traders to get fall current position will not, I know, prove members appointed by the Gov- basiness has to be conducted en prices for old stock is the fear acceptable to the class certain definite principles which that when normal conditions Customer
of ernment the Attorney General are sesential to success.
the being present, tenders will be And return prices generally will fall. habit of stating that be "patron received for the construction of one of those principles is to give The fall may not come enddenly, ises a certain trader's establish-one building for the Laboratorio Batisfaction to customers, and thus but it will probably be sufficient (ment. I recognise, of course,
Bactereologico.". easure the retention of their good to make some lines in stock look that customers are not entirely to the specifications and the plans will and continued support. A very dear at the mirket prices. blame for describing themselves of building are open to the public retailer, anxious for the perman-The retailer will then find that he se "patrons," for too ent welfare of his basiness, will must lower the prica of his old retailers by their attitude have where they can be examined on mspy at the Pablic Works Department not, therefore, do anyibing stock, and any extra profit he can encouraged the ides that those all week days from 10 AM to that is calculated ta cause now make will help to balance who buy their wares thereby con- 1 PM, and 2.30 PM to 4.30 P.M. his onstomers to charge bim the reduced profits.
fer a favour on them by so doing.
Macao, Public Works Depart- with profiteering. He would, in- derd, be exceedingly foolish to that I have nothing to say in question of favour does not eater
I desire to make it quite clear But I venture to assert that the ent, Jst November, 1917.
RAUL M. DE FARIA E MAIA. rizk bis reputation in order to favour of profiteering, as that snatch in peace time or in war practise is understood by those is to be satisfactory, must be into the transaction in any shape
Engineer Director. or form. Business, I bold, if it time, an unreasonably high rate who bare so roundly and properly of profit. And generally speaking, denounced it during the past few
ia the mature of Б mulaal so far as the drapery trade is con- months. Moreover, I am in fall transaction between self-respect cerned, I think it can be stated, sympathy with thoss who insisting persons, it should be ad- without fear of contradiction that that all necessary steps should be vantageons to buyer and saller since war broke out retailers have taken by the authorities to pro relationship of retailers to their alike. It may be arged that the not taken advantage of the occasion largely to increase the
vent the exploitation of consum- margin of profit with which they clear and definite distinction
customers is not exactly relevant ere. I'merely wish to invite a
10 the subject matter of this were contented and which they between legitimate profit-mak. Article. And I am prepared to deserved in normal times. It ing and illegitimate profit snatch. admit the irrelevancy and to is, of course, true that io. many ing. A great deal of what is plead, by way of extenuation, that fustances total profits have been described as profiteering has been, inat as strongly object to being larger since the outbreak of war, I believe, indalged in by persone described as a "profiteer" e I bat this bas been almost entirely who do not actually handle the objet to the castomer who de brought about by increased tura: overs, and the latter, in their turn, goode in connection with which scribes himself as a "patroniser"
they bare entered into business cf my business.
who is ia
have shown considerable eat ance transacticne. And it is duabilass ment, not neo ssarily because trae that in regard in food and greater quantity of goods has been sold, bat because, owing to advantage has been taken of the some other necessaries improper
Berlin's "Shaveless Day," various canses, prices have been publio by certain retail diatriba coal and light, have decided to Berlin barbers, in order to savS incressed. But in the main the tors. Bat so far as my experience close their shops one boar esrlier percoplage of profit has been arms. There has been little or go, and it is fairly wide and in the evening, and to close mo profiteering in the offensive general charge of profiteering will be known as Shavelers general, I do not believe any altogether on Mondays, which Reaal in which the word is so can be successfully sustained Day." frequently used."
All their prices will be in respect to the retail drapery considerably increased owing to trado. Priega generally for the increase in the cost of soap
I have said I have had no desire
in carrying on my business to get practically all goods sold over and other professional necessities, into a omplicated moses of trouble drapers' counters rale very much with customers. To illustrate higher than was the case before what I mean in this connection I the war, bas the increased charges should like to mention an incident invariably represent the higher which cocurred in the boot deraten which manufacturers and
TO THE LADIES
partment of a retail draper. For wholesale firms have been com Pinkettes are a boos, ensuring many years a certain well-known pelled to ask drapers to pay in daily regularity, than removing make of shoes had been stocked view of the greatly enhanced cost the causes of sick headacher, by the under. When war broke of raw materials, to say nothing: biliousness, facial ampions and oat: the supply of the shoes on of the very much higher, wages bead wwm safficient, sp last for that are now having to be paid, some time. But in des coure
The profiteer is, is my view,
-amelling breath.
PINKETTES
it b cams nesernary to plate an a person who, as a ruls, is out to an order with the manufacturer for
fing up sizes. The msnalactarer prekt irrespective of all considers- laxatives, are obtainable from secure a large sad immediate the dainty little gentle-a patare now Booepted the order, bat stated
that in view of the increased cost who desires permanently to hold the phil from D., Willi ime tons which inflients a trader chemists, or, post free, 60 cents Teacpl mutarials, etc., the price would the prepect, and estim of his Medicine Co., 95 Bzechnen. Road,
$19,3), more than was charged acualcustomers. The stail drapar „Shanghai,
GOW
NOTIFICATION.
The conditions of the tendering
ARROW
fadeless SHIRTS
A
NEW shirt may look good, but beauty in a shirt does not neces sarily mean service. The Arrow label marks the shirt that combines style and ser- vice. It is your guarantee that the garment is made of durable, fadeless fabrics, in such a careful, thorough way that we depend upon its good qualities to sell you another shirt with the' mme Label.
STOCKED BY
NOTICE TO CONSIGNEES. THE Steamship
"GLENAMOY,"
having arrived' Consignees of that all goods are being landed cargo by her are hereby informed at their risk into the hazardous and/or extra hazardous Godowns of the Hongkong and Kowloon Wharf and Godown Company. Limited, whence, and/or from the wharves. delivery
may be abtained.
Gords not cleared by 5 P.M. on 21st November, 1917, will be
All broken, chafed and dam-
subject to rent.
aged packages are to be left in the Godowns, where they will be examined by Messrs Goddard and Douglas on 21st November, 1917, at 9.30 AM.
Claims against the steamer. must, be presented within 10 days of arrivl otherwise they will not be recognized. “
No Fire Insurance will be effected by us in any case 'what-
ever.
Bille of Lading will be counter- Bigued by
JARDINE, MATHESON
& CO., LTD.
Agents. Hongkong. 14th November, 1917.
SAKURA BEER
SOLE AGENTS: MACKINTOSH & CO., LTD. || SUZUKI & CO.
AND
AK CHEONC
468 ALEXANDRA BUILDING,
a co. LTO
MEN'S WEAR SPECIALISTS,
16, DES VEUX ROAD,
TELEPHONE NO 29.
Powell
Wm.
TELEPHONE 346
NOW SHOWING
WINTER
SUITINGS
AND
Lid
OVERCOATINGS.
IN MANY EXclusive desIGNS AT MODERATE PRICES.
STYLE and FIT GUARANTEED.
THE
ANDERSON MUSIC CO., LTD.
SOLE AGENTS
FOR
BROADWOOD PIANOS
NEW MODELS JUST RECEIVED. SPECIALLY PREPARED FOR THIS CLIMATE
16, DES VŒUX, ROAD,
DCL
PACT M
The Distiller
TEL. 1322.
D. C. L.
Malt Extract
with
Cod Liver Oil.
The Distillers Coy.. the largest firm of Distillers in the World, has at its disposal a supply of the best and choicest barley pro- curable, which is malted on their own premises by the most scientific methods of manufacture.
SOLE AGENTS:-
GANDE, PRICE & CO., LTD.,
TEL. NO. 135.
Queen's Road Denti
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