10.
THE
BLUE FUNNEL
LINE
REGULAR AND FAST PASSENGER SERVICES
FREIGHT AND
LONDON SERVICE
AENEAS i6th Feb. For Marseilles, London, Ratlerdam & (ingow For Marcelli. Osaablaties, London, MENELAUS 1st Mar,
Rotterdam & Hamburg [JVERPOOL SERVICE
DOLIUS
20th Feb.
For Port Baid, Havre, Liverpool,
&lang AGAMEMNON 5th Mar, For Port Said, Liverpool, HavTA
& ng NEW YORK SERVICE MENEITHRUS 19th De
For Bruton, New York & Baltimore von Pulppiam, Port Hwettenham
A Singapore
PACIFIC SERVICE (vis Koba & Yokohamna! PROTESILAUS
Por Varların, Vaa'vat & dicuntle For Veterin, Alter & Seattle
IXION
1th 10th Mar
INWARD SERVICE EURYL GUS One Utah Fak TEIRESLAS
Far Songhat, Kobe & Yoko 12 Fot For Shangun Kodie & Yoko
Also cargo Stesters, with limited joasenmēr nevarammala
ancially reduced lates
Far feni zit, cranenge tates and bafor sation sony by the under
penitened.
All bookings Ara wubject to the provasion of the Compauria
Pull af Exting.
BUTTERFIELD & SWIRE
Agents
THE HONGKONG
NY.K.
REDUCED THROUGH TICKETS TO EUROPE VIA U.S.A VARYING PROM £79 to £120 ON SALE
SAN FRANCISCO via Shanghai, Japan Ports & Honolulu.
Asana Maru ...
Wednesday, 24th Job, Tuesday, 8th Mar, BEATTLE, VANCOUVER via Shanghai & Japan Portu:
Tuesday, 1st Mar. Tuesday, 29th Mur. LONDON, MARSEILLES, ANTWERP & BOTTERDAM vin
Suez.
Saturday, 20th Jan
Saturday, 5th Mar.
Haingo Maru...
Hikawa Maru
Hiyo Maru
Singapore, Penang, Colombo &
Hakusan Maru
Haruna Maru
SYDNEY & MELBOURNC via Manila & Ports.
Kitano Mar
Atsuta Maru
MANILA
Asama Maru
BOMBAY via Singapore, Panang & Colombo.
"Tottori Maru...
Kaga Maru
Saturday, 27th Feb. Saturday, 26th Mar.
Thursday, 18th Feb.
Monday, 29th Jan
Friday, 11th Mar.
Sunday, 14th Feb.
SOUTH AMERICA (WEST COAST) via Japan, lionolulu,
Los Angeles, Mexico & Pariama.
Bokuyo Maru
NEW YORK, BOSTON via Panama, LIVERPOOL via Port Said, Constantinople.
Genoa & Marseillos.
Delagoa Maru
Monday, 15th Feb.
CALCUTTA via Singapore, Penang & Rangoon,
"Akita Maru
*Rangoon Maru
SHANGHAI, KOBE & YOKOHAMA.
"Lima Maru
**
Monday, 15th Fob. Monday, 29th Fob.
Wednesday, 17th Fob. Fri, 19th Feb. Atsuta Maru Nagasaki Direct) Kashima Maru...
Saturday, 20th Fab. *Cargo only.
For further information apply to:-NIPPON YUSEN KAISHA Telophone 30291. (private oxolanges to all Depts.
INDO CHINA STEAM NAVIGATION CO., LTD.
SAILINGS BUBJECT TO ALTERATION.
Destination.
10 TSINGTAŬ via SWATOW
#SHANCHAL
Steamers
Sandvikon Yatsbing
Sailings.
Davikon
TO SINGAPORE PENANG
Hosang
* CALCUTTA
Kutsang
10 03AKA vĺn AMOY.
Kumsang
7 a.m. Sun. 14th Fob at Wod. 17th Fab at
7 a.m. Sun. 21st Fob at 7am.
Wod. 24th Fob at 3 p.m. Wod. 2nd Mar at 3 p.m.
Fri. 19th Fob at 7 am.
SHANGHAI V KOBE
TO KOBE via AMOT
Yuonsang
YOKOHAMA OSAKA
TO OSAKA v AMOY,
Suisang
MOJI & KOBE
TO SANDAKAN
Yusang
Hinson
Thurs. 3rd Mar at 7 a.m.
Satur. 19th Fob at 7 a.m.
Satur, 13th Feb at Satur. 13th Fob at 3 pm.
Sun. 23rd Fob nt
noon,
Sun. 14th Fob at
Fri, 26th Fob at
7.m.
@ CHEFOO
Mausang
Chipshing
Cheongshing
noon.
7 a. M..
(O TIENTSIN via SWATOW
For freight or pasnags apply to:-
JARDINE, HATHESON & CO., LTD.
Telephone 30311
General Managers
TELEGRAPH. WEDNESDAY, FEBRUARY 10, 1932.
REPARATIONS AND DEBTS.
(Continued front Page 2.)
the claims she has against Europe. Why should her taxpayers assume the whole burden of paying for the war? Let Europe find a way out of her own difficulties; she can, if she likes to try really hard; then she can continue to pay her just debts to the US. She can afford to spend huge Runa on armaments; why cannot she pay what
sho owes? A very natural attitude of a creditor to a debtor.
THE EAST ASIATIC CO., LTD. COPENHAGEN,
distribution for the worse of the CONSIGNEES' NOTICES. world's lending power, by economie. nationalism finding expression in higher and higher tariff walls, by consequent disequilibrium of trade, by lack of balance between the The Motor Vessel,
"DANMARK" prico-levels of primary producte and of manufactures, then these having arrived consignees of cargo debts accentuate the effect of exint- are hereby informed that all goods: And are being innded and placed at their ing factors in instability.
risk into the hazardous and/or extra once a depression has started, they
hazardous Godowns of The Hongkong make it all the more dilleult to
and Kowloon Wharf and Godown Co. emerge from It.
Ltd., where delivery can be obtained as soon as the goods new landed,
ar
af
Incubus on Industry. International debts which not the normal accompaniment of production and Interchange goods and services are an Incubua on the world's industry. All would be better off without them, even
which, on their those countries budgets, appear to gain. A great nation, accustomed for years to the ex- play its nermal part in
world, a panding trade of the given a burden which forced it to strain and wrench its industrial system in order to provide a large annuni surplus product for which: it receives no return.
it
טת
No claims will admitted after the goods have left the Godowns and all goods remaining undelivered after the 15th February, 1932, at 4'p.m. will be subject to rent.
All broken, chafed and damaged goods are to be left in the Gudown, where they will be examined by Messrs. Anderson and Ashe on the, 13th February, 1032, at 10 am.
All claim against the vennel must be presented to the Undersigned before the 18th February, 1932, or they will not be recognised.
No Fire Insurance will be effected. Bills of Lading will be countersign- ed by
JOIN MANNERS & CO. LTD.,
Agents. Hongkong, 0th February, 1932. BERVICES CONTRACTUELS DES MESSAGRIES MARITIMES.
The initiative has buen passed to France, by this attitude on the part of America. If France could hopu for
n move from Americu In the direction of reduction, if she could even be certain that America would renet sympathetically to any purely European readjustment, her path would be clearer. As it is, she is doubtful, and the proximity of a general election is adverse to decisive action on the part of her lenders.
longer a normal com- That she is onwilling to assume petitor in the world's markets; it the initiative Is clear front the
Is compelled by this burden to industrial of the ranks postponement of the inter-govern-enter mental conference which it had nations, not as a partner in the been hoped to convoke at Lausanne give and take of international
"D'ARTAGNAN" in January, and which is argently trade, but as a disturber of the
Arrived Hongkong on Tuesday, called for by the implications of equilibrium of that trade. It is
the 2nd February, 1932. the Basle Report.
From MARSEILLES &c. forced to place burdens on its own people, who have to expand their
Consignees of Cargo by the above productivity without reaping the named steamer are hereby informed normal harvest of a secure and im- that their goods with the exception of proving standard of ving. This Opium, Treasure and Valuables are it does in order to produce a large being landed and placed at their risk in the Godowns of the Hongkong export surplus which cannot Kowloon Whart and Godown Co. Ltd., be be at the expense of the nations Kowloon, whence delivery can
whose obtained as the goods are landed.-- its creditors. which are
Goods not cleared within 7 days markets, both domestic and foreign,
of arrival, will be it must invade. This resets on the including date prosperity of these nations, and subject to reat. They, in their turn, find their standards of living threatened,
The American Position. America's attitude is understand able; she also has an election loom ing in the Fatury. But it Is searerly logical to insist on her rights as creditor, and at the same time to assume an attitude of aloofness from the affairs of her debtors. Her claims ato doubtles just claims; Europe bought from her, received value, and could not time. America could Pay at the only give this credit by calling up her nationals to fuvest in government bonds, the service of which involves demands upon the taxpayer
America.
Olistacle to Recovery.
a
I'd not say that this lond' of inter-governmental debt primary cause of the intense de- pression from which the world is suffering. Its removal, by itself, would not solve our troubles. But when unre other factors have begun to saw the seeds of depression, this indetedness is not only an obstacle
The Steamship,
All claims must be sent to the undersigned before the Friday, the 12th February, 1933, or they will not be recognized.
Damaged Packages must be left in the Godowns for examination by the consignees, and the Company's Sur- vryer Messrs:-Goddard and Douglas at 10.00 .. on Tuesday, the 0th Consignees must February, 1932.
have a Revenue Ofeer in attendance when damaged dutiable goods are examined by the Company's Sur veyors.
No claims will be admitted after the way of mecovery, but a the goods have left the Godowns.
No Fire Insurance will be effected direct cause of financial instability and a danger to the whole monetary by us in any case whatever.
R. OUL, system.. This is especially true if
the chief the nations which are
Hongkong, 2nd February, 1932. creditors are also unsatisfactory lenders.
Kat it can scarcely be meintained that this was, in the first instance, a heavy burden upon Americans the war cancelled their foreign in debtedness, and raised their pro- ductive nelivity to a high pitch; their standard of living attained an level unequalled by that of any other country. Reduction or car cellation would not mean, after all, the assumption of anal ature in the rent burden of the war. And in the matter of armaments, it would be expecting too much to
Complete cancellation is ask her European debtors to pay existing conditions, not likely to for relief by a feeling of politicn! 1 achieved. Some continuance
+xu°¢!༢༩༦ས Insecurity,
najustified for a period of years of the exist that feeling may appearing moratorlum la the least that is how- It is possible, Accessary. Prophecy Justified.
ever, that before the nations meet Immediately after the Young in conference, public opinion in all plan appeared, Sir Josiah Stamp, the countries concerned may enable speaking in America, stated that the governments to pursue a policy a fall in world prices of 26 per of readjustment. This will cent. would smash the plan to volve sacrifices on the part of some, smithereens. This prophecy has as the Hoover muratorium has a been justified, and only the toover! ready involved such socrinces. But moratorium has kept it from being it cannot full to be realised that fullled to the letter. The Young readjustment is, in the long run, plan omitted one feature which the in the interesta of all, creditors Dawes scheme had provided; under and debtors alike. the latter, adjustinents were to be made in Germany's liabilities in
On the Invitation of the Chair- the event of considerable applies- tion of the value of gold. German to members to put questions P. S. many's liabilities under the Young to the speaker, Rotarian plan are fixed in guid, so that the Cassidy, after congratulating Pro- fall in prices means an increase fossor Robertson on the clear and in the real burden of her debt by concise manner in which he had about one third.
presented so complicated a pro- have It is, then, the world depression blem, asked if he could which has produced the fullure of Professor Robertson's view in re- the Reparation scheme, rather tht gard to Great Britais having the Reparations and war debt adopted protection. "It seems to which have produced the world de-me" said Mr. Cassidy, "bad enough pression. But although we cannot already to have these high tariff which, in the case .of ascribe to the burden of inter-walls
Question on Tariffs.
national Indebtedness the blame of America, have prevented repara our present world conditions, it re-tions from being, paid in goods, main true that even in normal as rould normally have been the timen such debts are a hindrance case. Is the adoption of a pro- to the smooth working of the in-tectionist policy in England likely tornational economic system; and to complicate still further this
(Continued on Page 11.) when they are accompanied by a re-
.
"CRYPTO"
BATTERY
SERVICE
Installed
at the IDEAL MOTOR CAR Co. (Corner of Lockhart and Marsh Roads)
Get your Batteries repaired or charged at the most SERVICE STATION .in modern BATTERY Hongkong or South China.
BATTERIES' REPAIRED OR CHARGED. BATTERIES FOR HIRE small charge per day. BATTERIES OF ALL KINDS IN STOCK To Suit your Car or Purse
All work done under personal experienced European supervision.
GIVE US A TRIAL.
-
Agent
N. Y, K. LINE (NIPPON YUSEN KAISHIA.)
From EUROPE and STRAITS.
The Stewnship.
"KATORI MARU," having arrived from the above ports, Cargo are hereby informed that their Goods are being Consignees of landed and placed at their risk in the Hongkong and Kowloon Wharf and Godown Company's Godowns at Kowloon, whence delivery may be obtained.
Goods not cleared by the 12th Damaged packages must be left in i February, 1932, will be subject to rent. the Godewyns for examination by the Consignce's and the Co.'s representa- tives on any Tuesdays and Fridays at the free storage 2.30 p.m. within
examination of For the Period. damaged dutiable goods, the signees must arrange for a Revenu Officer to bo prenent.
con-
All claims must be presented within arrival ten days of the steamer's here; after which date they cannot be recognized.
No claima will be admitted after
No fire Insurance has been effected. the goods have left the Godowns.
NIPPON YUSEN KAISHA, Hongkong, 6th February, 1932.
THE
The
BEN LINE STEAMERS, LTD.
From LEITH, LONDON and STRAITS. Steamship.
"BENMOUR" Consignees of Cargo ace hereby, being informed that all Goods are landed at their risk into the hazardous and/or extra hazardous Godowns of The Hongkong and Kowloon Wharf and Godown Co., Ltd., whence and/or from the wharves delivery
may be obtained.
No claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 9th February, 1932, will be subject to rent.
All claime against the steamer must be presented to the Undersign- cd on or before the 23rd February. 1982, or they will not be recognized. All broken, chafed, and damaged Goods are be left in the Godowns, where they will be examined on the 8th February, 1982, at 10 a.m., by Messrs. Goddard and Douglas.
To comply with the General Bonded Warobouse Regulations consignass must have a Revenue Officer In attendance when damaged datable good are examined.
No Fire Insurance has been effected. Bill of Lading will be countersign- ed by
GIBB, LIVINGSTON & CO., LTD.,
Agents. Hongkong, 3rd February, 1982.
MRS. MOTONO. Massage. Hand and Electric 81b, Wyndham Street.
ASSEUR R. SHIMIDZU. ASSEUSE 8. HONDA. ABSTUSE B. KISARL
MA
Recommended for many years for
GOING HOME IN 1932 ↑
A GLORIOUs opportuNITY
for a Cruise on the World's
Newest Giantess
EMPRESS OF BRITAIN
42,500 TONS GROSS
Special sailing from Hong Kong
14th FEBRUARY, 1982.
34 DAY TO SAN FRANCISCO
53 DAYS TO NEW YORK
60 DAYS TO SOUTHAMPTION
ROUTE:--Chinwangtao (Peiping), Beppu, Kobe (Kyoto, Nara), Yokohama (Tokyo, Nikko, Kamakura), Honolulu, Hito, San Francisco, Los Angeles, Balbon (Panama Canal), Cristobol, Havana, New York, Cherbourg, Southampton.
Shore trips included at ports of call.
4 DAYS IN PEIPING
9 DAYS IN JAPAN
CANADIAN PACIFIC
ALL THE WAY.
SPECIAL Round Trip Fares
to
EUROPE.
WEEKLY TRANS-PACIFIC SERVICE
To San Francisco, Los Angeles & New York
via Panama
To Seattle &
Victoria
Fortnightly satiings on befurdays.
Feb. 16
Pres. Cleveland
Feb. 20
Маг. 1
Pras, Taft
Mar. 6
***
Muc. 15
Fres, Jefferson
Mar. 19
Portalghtly andlingeon Tuulayr
Pros. Grant Pros, Lincoln ... Pres. Coolidge .....
£79, £112, £120 Sicial through rates to Europe vis
Dnited States. Direct connections with all Atlantic line. Choles of rail lines across United States and Canada, liberal stop-over privilegos for sight-seeing.
ROUND TRIP FARE TO EUROPE, From HONGKUNG in NAPLES
£162.5.00. B161.0.0d.
,, MARSEILLEA
LUNDUN
***
...
$169.15.0
Full particulare upon application.
Round-the-World
Fortazghtly sailingi on Sundaya via Kaylin, Straite, Colvato, Bombay Buca Cansi, Alexandria, Napier, Denon. Marenilies, New York and Boston.
Pros. Garfield Sun, Feb. 21, 8 .. Pros. Polk... Sun., Mar. 6, 8 a. Pros, Adams Sun., Mar. 20, ..
Feb. 27, 6 p.m. Mar. 6, 8am.
Pros, Harrison 8., Apr. 3, B., Frea, Hayes Ruo.. Apr. 17, Ü.. Pres. Pierce Bon., May 1, Ba.m. To Manila
Prea, Taft Feb. 12, 6 p.m. Feb. 21, 8. Prob. Polk.....
Erea, Coolidge... Mar. 8, 6p.m. Feb. 23, 6 p.m. CANTON BRANCH- No. 4 Bhakoo Stroot. DOLLAR STEAMSHIP LINES. AMERICAN MAIL LINE
Pros. Cleveland... Pros. Gardeld Pres. Lincoln
SERVICE OF FAST MOTOR VESSELS
*with Limited, hus exceptionally good, passenger aœcommodation). Homewards to:
Ports Said, Genon, Algiers, Oran, Rotterdam (Amsterdam), Hamburg, Oslo, Gothenburg and other Scandinavian Ports, vis Manila and Straits Siomonta.
M.V. "FORMOSA” M.V. "SHANTUNG" Outwards to:
**
SHANGHAI, AND JAPAN PORTS,
M.V. "SHANTUNG"
Sailing about
27th..
Feb.
27th
Mar:
Sailing about
20th Fob.
M.V. NAGARA”
18th
Mar,
Passenger Rates:
"A" Olaos
Hongkong to Gence
637
Hongkong to lat. North
Continental Ports.
£62
"B" Olas
£32
657
THE SWEDISH EAST ASIATIC CO., LTD.
Government Civil Hospital. Peak Agents: flonpital, ate, and by all the local doctors.
24, Wyndham Street. Tel. 34941.
GILMAN & CO., LTD.
Hongkong.
G. E. HUYGEN
Cantoni
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