1920-03-30 — Page 2

G. P. LAMMERT.

AUCTIONEER, AFPRAISER

AND SURVEYOR

- Public Auctions-

VALUABLE LEASEHOLD

PROPERTY

be sold in one lot by Public

Auction on

TUESDAY,

the 6th day of of April, 1930, at

5 o'clock p.m. at his Sales Rongg

No. 6 Duddell Street, Victoria, Hongkong.

Ry M GEO. P. LAMMERT,

Auctioner.

AD

TO PROPKITE CONSISTS OF: All that piece or parcel of ground aitante at Victoria Hongkong, registered in the Land O'ce as Section D: of Ia- land Lot No. 918 together wish all the message and premises. thereon, known as. No. 65 Wyndham Street.

For further particulars and condi- tions of Sale.

Apply to

·MR:939. WILKINSON & GRIST;

Yeador's Solicitors,"

No. 9, Queen's Road, Central,

Hongkong

"

MA GEORGE P. LAMMEBT,

Auctioner.

No, 6, Duddell Street,

Hongkong,

THE Undersigned has received in structions from Mysts. THORESEN Co, to sell by Public Auction

un

TUESDAY, the 18th May, 1920. at 3 pm

this Sales Rooma, Daddell Street, The Steamer "DAGMAR".

as abe now lies in the Menam River, Bangkok, with all her machinery, gear And appartenances, etc. 1457 tons gross Reg. 921 tons net. Reg.

1800 tona deadweight capacity.on 17 feet mean draft. Speed 10 knots.

This Steamer went ashore in the Uall of Siam, was saved, and towed to Bangkok, where she was dry-docked and patched up.

Inspection orders on application to the East Asiatic Co., Ltd., Bangkok.

The Steamer to be at purchaser's risk after fall of hammer, when purchase mooney is to be paid.

For full particulara opply to

GEO. P. LAMMERT,

Auctioneer.

or

Ms. THORESEN & Co,

Hongkong.

NOTICES TO CONSIGNER!

NOTICE TO CONSIGNEUL TIES Steamship

* INNSBRUCK,"

From VENICE, PENANG & SINGAPORE.

ONSIGNEES of Cargs are hereby

infermad that all Goods are being landed at their risk into the Ga- down at the Hongkong and Kowlesz Wharf und Gedown Company, Ltd, at Kowloon, whence and/or from the wharves delivery may be obtained.

Optional Carge will be forwarded unless neties to the contrary be givan before.

No claims will be admitted after the Goods have left the Godowas, nad all Goods remaining unde'ivored after the lat prox, will La subjeas to rent.

All claims against the atsamer must

be praiented to the Undersigned an

or before the 15th próx, er they will

not be regnized,

All breken, shafed and damaged Coeds are to be left in the Godowns where they will be examined on the

31st prox. at 10 ..

No Fire Insurance has been offsetid. Bill of Lading will be owuntersign-

ed by

DODWELL & Co., LTD.

Age

- Hongkong, March 98, 1990.

Just arrived large assortment of

FILTERS

Gallone up to 4 gallons

C. E, WARREN & CO., LTD. Nos: 30 31 Des Your Road Central E-tabilahed·1000

INTIMATIONS

HOW TO AVOID INFANTILE. AILMENTS.

When there are diseases prevalent In the amson, it in the most dangerous, to. Infants and Great Oare must be taken in feeding them with proper food otherwise they would give their Mothers a lot of trouble. To aruid the trouble in to feed them with: LAC- TOGEN which resembles hunan milk. 1 la easily digested and promotea. healthy appetite. It keeps the Infants thriving and free from all Infantile Alments.

SHIU FUNG TAI & 00.,

Sole Agents for Rongkong sad Bouth China. Nos. 47 # tử. Connaught Bonil Cuntonly. Hongkong. Talos.. 1333 2130

WE HAVE Great varieties of used

and unused

POSTAGE STAMPS. Single, sets, packets, bags, and on approval Books.

FOR COLLBOTORS,

GRACA & Co., DEALERS IN POSTAGE STAMPS, POST CARDS SEEDS, Toys, da.. No. 10, Wyndham Street,, P..O.. Box 620..

Hongkong,

JAPANESE MAKERS

Every kind of Footwear

MADE

TO

ORDER

CHERRY & UO.

PIDORR STRAIN, upports Hongkong Hoba, Telephone No. 191.

Hongkong, March 20, 1914..

THE NEW FRENCH REMEDY.

THERAPION NO.1 THERAPION N12- THERAPION No3

Wo. 1 Ear-Madder Osterra. -- Malfer good d SLIK Zipesan Bio, & for Chronic WREKAONDOA.,

BIR TRADE SARKED HAZE, BOVE. FRAMY A

WIPPON

ABAHI BEER

ASA

LAGER

EWERY COMP

SPECIALLY

FOA EXPOR

„ÄSENER BEN

COMPART

«Bola Aorary – MITHUIS BUSSAN KAISHA.

...] XXXXX[MĮ LITHIUI MIUIIIIIIIIIIIII

THE CHINA MAIL.

SMOKE

CAPSTAN

TOBACCO

ANDA

CIGARETTES

TUESDAY, MARCH 80, 1920*

NOTICES.

G. FALCONER & CO., LTD.

WATCHMAKERS & JEWELLERS.

Hotel Mansions.

Agents for:-ADMIRALTY CHARTS,

·ROSS'S BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, BENSON'S ENGLISH WATCHES,

ENGLISH SILVERWARE, direct from Manufacturers, High Class English Jewellery,

FEALTH against

BIOKNESS.

By isHing our ROOSTER BRAND MACARONT, PASTE STARS. BEG-VIDLËS, VERMIOBLM, or other kinds of Soup Stuf. REGULARLY you will have no complaint of any kind of sickness, na sil our Products being - manufactured from Flour of the Boat Quality- und under the most. Banitary Method can be easily digested and give you GOOD HEALTH & STRENGTEL.

Large quantities have been exported to various parts of the World. Your esteemsed Orders will receive our prompt and careful attention. Terms moderate, especially for Agencies

TRANI: MAXE.

THE HING WAH PASTE MFG. CO."-LTD.

HEAD OFFICE: Hongkong, No trả 48, Connaught Rond

Central Tel. No. 1830.-- BEACH OFFICE: Shanghai, Nos. 430 & 431, Nanking Boad. Factoriza: Songkong, Wing Hing Street, Causeway Bay and Shanghai, No. 712- North Soochow Road.

A HOTELS AND CAFES,

THE HONGKONG HOTEL CO., LTD.

ALSO

CAPSTAN Mixture

OPERATING :—

THE HONGKONG HOTEL

HOTEL. MANSIONS,

THE REPULSE BAY HOTEL,

J. E. TAGGART,

MATASYK.

W.D&H.O.WILLS

Bristol and London.

This Advertisement is. Iscued by British-American Tobaco Co., (China) Ltd.

THE GREAT COTTON BOOM.

IS LANCASHIRE 2 MODERN-EL- DORADO?

showed that there were 144,000,000 sent rates, and it is absolutely neces spindles in the twenty-one cotton sary to raise the value to something manufacturing countries of the world. Bike present cost of renewals, etc. Since that time there has been very It is a bad basiness policy to depreciate at a much lower figure than you can Hitle extension of this machinery. A considerable amount has been destroy-renew. ed and broken up, especially in Bel- gium, Northern France, Russia, etc.

In addition to this the mills in

run on account of the lack of raw material. Every one knows that mills sunding idle for any considerable time deteriorate rapidly and will require a great deal of work before they can be restarted. In normal times 5 per cent. depreciation was written off, but in the majority of, cases this amount was usually respent.

[By Sir CHARLES W. Macara,]. The great boom..in the cotton in-enemy countries have been unable to dustry of Lancashire has led to the sale, and in some cases the resale, of many of the largest mills in the trade: The prices paid have been very high, and the mills are now being refloated. A fear has been expressed in some quarters that owing to inflation of values the industry is in danger of being ruined. Sir Charles W. Macara, who is recognised as one of the great est cotton experts in the world, states in the following article some of the causes of the boom, and expresses the opinion that properly controlled, even at the enhanced values, the Lancashire cotton industry has before k a period of great prosperity.

THE RAVAGES OF WAR.

I say again, with all the emphasis I can put into it, it must not be assumed that all capital invested in the industry has shared in the en hanced values. Debenture and loan holders represent a large portion of the capital invested, but these have. not participated in the increased valac of the ordinary share capital. Many of those who have participated have only reaped after many-years-of-wait- ing and facing enormous risks. In fair and out weather, after periods of great disappointment, they have, at last realised, something tangible.

On this basis alone the industry

FOREIGN COMPETITION BOGEY. throughout the world is at least

-Much is being written of the dan... 25.000,000 to 30,000,000 spindles behind what would have been renew-gers to be met from the competition, ed had nor the war occurred, and this of Japan and United States. Before does not take account of the machin- the war the cost of putting down mills. ery destroyed in the seats of war... in these two countries was double the The textile machinery makers are cost of those put down in England.

inundated with orders, but it will be Japan has been spinning and wesv-.

To the general public. Lancashire to-day is a modern El Dorado, where

a comparatively slow process to get ing comon goods for at least sixty-five thousands of people of lowly position back to the pre-war rate of produc years with machinery supplied by are daily reaching a condition of

tion. These factors have been brought England and after all these years had affluence as the result of the great about by the great rise in wages and only 2,000,000 spindles when war cotton trade boom. Certainly large the cost of everything that enters into broke out. During the war they fortunes have recently been made in -the cotton trade; and in the advane production of textile machinery managed to increase the number to and buildings. I estimate that the cost - 3,000,000,- and this at a time when tages of this boom I hope many of the of machinery alone is from 250 per hall of the machinery of England was working class have shared but the public at large has only a very hazy cent to 300 per cent. above pre-war at a standstill.

If the mills of Japan work double idea of what has brought about the prices.

The recent reduction of the hours time it will be seen that the fixed The boom is nothing more nor less of running mills in England from charges are much greater than in

fifty-five and a half to forty-eight per | England, than a re-valuation of cotton mills. week-end a reduction will follow in I admit that at present Japanesë Owing to circumstances I shall refer other countries means that the ex-labour is cheaper than that obtained to later, many of the Lancashire cot-tensions of cotton machinery during in Lancashire, but as a larger number ton mills have been sold at greatly ten years before the war are to a of operatives are required in Japan to enhanced values, but it is altogether large extent nullified

produce the work, of one operative in erroneous to say they have been sold

Stocks of cotton goods everywhere Lancashire this advantage is very

boom.

...

at many times their value,

I do not approve of the methode die extremely kw, and the Lancashire small," "The world-wide:movement for cotton trade is a principal factor in better labour conditions will affect supplying clothing to the world. Japan, as it will also affect other

countries

COTTON TRADE "PROPITS. · Recently speculators have rushed

that have been in vogue, in the past where the ordinary share capital of a concern is a small proportion only of the capital required to run the busi ness. In good times this may be an up the market values of mills as if advantage, but in times of adversity, the present.conditions were not excep which come to all industries, it may tional. But the profits in the cater mean the wiping but of the ordinary industry, taken over a long period, shareholder to pay the loan holder. have only been moderate in compari- Son with those made in other import- it industries. Of all British indus- yes, the coron industry has been the

THE MEN WHO PROFIT.

In this great change which is taking place in the valuation of mills the whole of the enhanced values go to

(Continued en Page 31)

WAS SICKLY FROM BIRTH.

peop

Baby's Own Tablets. Uend With

Wonderful Benefit. -

I wish every woman know how good" most seriously affected by the war. Baby's Own Tablets are then, there would be fewer sick children writes Mrs. A. Waite of 1207 Fremont Avenue, Nor Minneapolis, U: 8. A. Her letter continues My baby was

be

the Tablots have afforded is simply wonderful. They deal that is claimed

I for them, and more and I would not without them for suything

in the me Many other mother write way telling how Baby's Own Tablets,

the ordinary shareholders and it is This could not be otherwise with obvious that the smaller the amount an industry that has to import all its of share capital the greater is the raw material and export three fourths amount of profit realised by the share of its manufactured goods, kly from birth and the bosalt that holders. It is, however, erroneous However, as a result of the work to say the mills have been sold ar of the Control Board in 1918 large Tuany times their value. The deben profits were made, of which 80 per ture and loan holders get nothing at cent. went to the Government as an all out of the increased valuation. excess profits tax, and for 1919 40

To understand the position correct per cent will be taken in the same cured their infants and young children lyore must remember that the bulk ways whiles 30 per cent of what is of indigestion, simple fare constipation teething tron bim. These Tablets are of the cotton machinery of the world left goes in income tax. are colle windomiting, dishes and has been supplied by Lancashire the values remained at pre-war obtainable from chemists or post free at makers. The last returns of the fates mill owners would not be allowed 60ote the viti-from- Dee Williams International Conca Federation, the to Depreciate at a figure which would Medicine Co, 9 Seachas Road, Ensar- year before the outbreak of war allow for renewals and repairs At pres

THE PEAK HOTEL.

1,500 Feet above Sea Level,

15 Minutes from Landing Stage. Under the Management of

Mrs. BLAIR.

KING EDWARD HOTEL

CEFTRAL LOCATION

A'LL ELECTRIC TRAMS Fam Entrance, Electelo Lifta, Fazr and Lighting A. Rutupean Bathe and Sanitary Fittings Hot and Cold War Eraku throughout. Best of Food and Service.

Telegraphia Address VICTORIA."

JĄ WATCHELL, Manager.

PALACE HOTEL

KOWLOOK.

· Chwo minuten-from: Star Ferry).

Recently renovated and refurnishad, alectale light and Isaw themgħom and entirely under new management. Cuisine under the personal supervision of the propelstor, Bar and Billiard Rooms Terms moderate. Special ferma ho families on application to

Taphona. K. 2. Telegraphie Add-: "PathON"

J. H. OXBERRY, Propriake.

CARLTON HOTEL,

(XHN CKLY AMERICAN MOWER IN WHA DOZONT.) IQE HOUSE STREET

Under American Management. Nice and quiet yes only a few minutes walle from the Banies and Dentral District Bedrooms, Excellent. Oni mies scrupulously Elean Moderate Terme. Monthly and Family Rates apphlosion to the Proprieties. Taunaben moet Passenger Boala

„Mai, F. E. CAMERON, Talographie Aldrom – CARLTON" -

ALEXANDRA CAFET

TEEL 909

Des Feet Road Central,

Next to Hongkong Hotel

THE CAFE FOR A GOOD MEAL.

Books of Tickets are issued at $20. each. Available for 30 Meals: Tiffin or Dinner.

Our BUPPER 18peciality

two Poached Egge and Fillet of Finnan Haddock.

BLUE BIRD

ION ORNAM PARLOUR

AND CONFRUMONEŃS

ANG TUK, Detur

the late NIMENTING, DAGOLÁS: BT.

HOCOLATES. Pinin Sweet Takia Uhossisten

Enese Mlade Amorbad Ekosokatur

Choos

Imperial Ovaj

FRENCH LESSONS