1921-02-24 — Page 3

THURSDAY, FEBRUARY 24, 1921.

Eughes & Hough

A POCIONKERS N THE GOVERNMENT.

General AnalÏeneers Share, Coal and General

Produce Brokers and ... Commission Agents.

PROPRIETORS «ToKwa-Wan' Coal Storage

Coch wei bantler

A to to Eth Editions. A 1 Telegraphic Codo.

Telegraphie Address *KKIRION* KONGKONG.

- PUBLIC AUCTIONS-

THE Undersigned have received ins tractions from FRANK GRAY, Esq., to sell by Public Auction,

MONDAY,' February 28, 1921, commencing. at 215 pm, at Dunottar," No. 81, The Peak,

THE

Vaduable Household Furniture,

*.

&

therein contained.

As follows:- DRAWING ROOM-Arm-chairs and Chesterfeld (Lane Crawford make),

crean and Japanese Cabinets, Silver-

inlaid Blackwood Writing Table, Chairs,

WANT ADVERTISEMENTS -

45' WORDS 3 INSERTIONS, $1. «PREPAID. “

Each additional wärd à Canta for 3 insertions.

WANTED.

LOST.

THE CHINA MAIL.

WANTED-A STRONG SEAT OST in Kowloon, FOX TERRIER

INTIMATIONS.

HONGKONG JOCKEY CLUB

RACE MEETING' 1821.

TO-DAY

(THURSDAY). FRIDAY and

SATURDAY,

February 24th, 5th and 26th

W LAUNCH. (Towing Boat). Reply L FUP about 4 months old, brown TICKETS of Admission to the Grenad

with FULL PARTICULARS 10:-Box head. If found, please communicate Na 1967, s'o" Garsa Marz."

with 36 Hana Road, Kowloon. Beward.

TO LET.

TO LET IMMEDIATE OCCUPA

TION—A FEW THREE BOOM. ED EUROPEAN FLATS IN ORIENT BUILDINGS,"CORONATION BOAD, KOWLOON. MODERATE RENTAL Apply J. CARE CLARE, Architect and Surveyor, 14, Queen's Road, Central

ROOMS TO LET with or without board; opposite Sas. View Fulice Station Hot and Cold baths. Every comfort. Terms moderate. Personal supervision. Apply Box 1266, co "CRISA MATT

Stand and Enclosure may be Mer Krzt & obtained from WALSH, LOUTED, or at the GATE Price $4 for each day or $12 for the Meeting Soldiers and Sailors in uniform $1 each

OST-On Februser 21st in day.

ping district, LONG PLATINUM BAR FIN, set with one SAPPHIRE Please return to A. H. FERGUSON, CHE TERED BANK. Reward.

FOR SALE

DUICK CAR-SEX CYLINDER

BEVEN SEATER, perfees condi tion, dass six thousand miles, $3.95 cash, no lower offers accepted. Apply Box 1263, c/o "Casa Man"

The Stewards request the pleasure of the Ladies of Hongkong at the Graad Stand and Enclosure during the Raves.

R. J. PATERSON,

Clark of the Course. Hong kong, Palweary 15, 1631.

HONGKONG - JOCKEY CLUB.

NOTICE IS HEREBY GIVEN that on the 1st, 2nd and 3rd days of the Meeting the FIRST RACE each day will be run at the time advertised TVOR SALE-A MODERN BUNGA-(12 o'clock) but that the subsequent LOW, standing in own Grounds. Races will be ran without reference to Beautiful View, Large Drawing Room, the times published in the beginning of ? Bed Rooms, Dressing Room, 2 Bath the Race Book There will, however, THEY MAKE YOU FEEL GOOD.

E pleasant purgative efect arpar roots. Enclosed" Verandahs anced after taking Chamberlain's Sitting Room, Commodions Servant's be the usual mterval for Tiffin.

On the 4th day the First, Bell will be Tablets and the healthy condition of Quarters, Kitchen, Garden, Tannir body and mind to which they contri- Count Electric Light throughout Gas rung 12.45 pm. and the Fuat Race bute, wakes one feel that living Installation. For further particulars, run as soon thereafter as possible. wurth white. For sale by all Chemists apply Bax 1269, c/o Casa Mama” and Storekeepers.

INTIMATIONS

Card Table, Ɛmods, &c, Old Bronse Ponies! Ponies!

Figures, Curios, Paintings, &c, Armine-

ter Carget 18 by 15, Serge and Lace Chrtains.

DINING ROOM-Fumed Teak mirror Back Sideboard, Dinner Waggon, Side Table and Chairs (Lane Crawford makel Cutlery, Flate, Glass Ware, Dinner and

Services,

Dessert Services, “Limoges," &, &c.

BED ROOMS-Famed Teak Bed Room Suite (Twin Beds) Lane Crawford make; Toilet Seta, Bed Linen, &c, Bath Room Utensils (Porcelain Lavatory Basins), Kitchen Utensils,

Also

Lawn Bowls, Markem and Mowing Machine, Telescope and Stand by Cal fighan & Co. London, Baragraph, BISA. Air Rifle and Pistol, and one Manser Antomatic Pistol

(Fall Particulars from Catalogue). On view Sunday, the 27th inst. Terms: Cash,

"HUQZES & HOUGH,

Auctioneers. Hongkong, February 12, 1921.

G.

R

TIEZ Urdaigned have received instruc

tions to all by Pablle Auction,

on.

TUESDAY, WEDNESDAY

AND

THURSDAY,

the 1st, 2nd and 3rd March, 1934, at H. M. NAVAL YARD, Hongkong. and at KOWLOON NAVAL DEPOT, commencing each day at 9.30 am. with an interval from 12 noon to, 1.30 p.m.

OLD AND SURPLUS

Ponies! HONGKONG & SHANGHAI

"PUBLIC »ROUP,

THE Undersigned have received in

stractions to sell by Public Roup

on

FRIDAY,

March 4, 1921, at 9 pm, at the Jockey Club Stables.

A large number of "well-known Race Ponles. (Fall Particulare from Catalogus). Terms:-Cash.

HUGHES & HOUGH,

Auctioneers, Hongkong. February 23, 1921.

PUBLIC AUCTIONS.

TH

THE Undersigned have received in- structions to sell by Public Auction

(102 100OTS OF THE-CONLEANED),

O

WEDNESDAY. March 9, 1921, commencing `st 2.30 pm, at their Sales Booza, No. 8, Des Yeux Road, Corner of Ice House Street,

TEAKWOOD AND BLACKWOOD FURNT TURE, BRASS AND TEAKWOOD TWIN

BEDSTEADS, CARPETS,

&c,

kc

Foll

BANKING CORPORATION.

NOTICE IS HEREBY GIVEN that the ORDINARY YEARLY MEETING of the SHAREHOLDERS in this Corporation will be held at the CITY HALL, Hongkong, on SATURDAY, 26th day of February, 1921, at Noos, for the purpose of receiving the Report of the Court of Directors together with

■ Statement of Accounts for the year -ending 31st December, 1920,

The REGISTER of SHARES of the Corporation will be CLOSED from SATURDAY, 19th February, 10 SATURDAY, 26th February, 1921, (both days inclusive) daring which period no transfer of shares can be registered.

By Order of the Court of Directors.

A. G. STEPHEN,

Chief Manager. Hongkong, February 5, 1921,

THE HONGKONG ROPE MANU FACTURING COMPANY, LTD.

THE

THE THIRTY-SEVENTH ORDIN- ARY ANNUAL MEETING OF SHAREHOLDERS in the above Com pany will be held at St. George's Building, Chater Road, Victoria, on THURSDAY, the 3rd March, 1921; at 11 o'clock for the purpose of receiving a Statement of Accounts and the report of the General Managers for the year ending 31s December 1920, and electing & Consulting Committee

and Auditors.

The TRANSFER BOOKS of the Company will be CLOSED from SAT URDAY, the 26th February, 1921 to THURSDAY, the 3rd March 1921,

comprising:- Chrwertfald Solas, Arm-chairs (m) Folding Card and Occselonal Tables One Tpholstered Safts, Bedroom Furniture comprising Teakwood Tn Bedsteads, both days inclusive,

zinall and

'Wardrobes, Deeering Tables, and Chaitz, «Wash- stands, ke, (famed Teakwood), Side:

large

NAVAL STOKES, &c., &c. boards, Dinner Razzons, Extension Din-

Comprising :-

ing Tables And Chairs, & Dinner Cooking Stoves, Catlery, &c., Bathi Services, Crockery, and Glass Ware, Room Ctensils, stro-Plated Ware,

SHEWAN, TOMES & CO.,

General Managers. Hongkong, February 18, 1991.

WANTED.

Life Boats, Dingies, Whalers, Shag hai Batbe, Electrical Fittings, Cooking Stoves, Ships Fittings, Iron Bed Mattresses and Fittings, Ice Chests, Steel Tanks, Lit Pafts, Life Belts, Screens, Sundry Blackwood Furniture, DESIGN AND CONSTRUCTION OF Motors, Carpets, Rage, Mata, Sheets, Side Tables, Chairs, Cabinets, Pictures,:

Table Covers, Steel Wire Rope, Blank-

ets, Counterpanes, Electric Cables,

Elaeis Roading Lamps, Teakwood."

Also

Canvas Botes, Old Corlage, Canvas Several lots Tennis Balls, One 12-Ears Rage, Old India Rubber, Old Leather, Sporting Gun with Case and One Auto Old Iron, Brass, Gun Metal and Steel, Fiaco with Rolle, &

Coal Sacks, Firewood, Iron Blocks, Lampe, Searchlights, Two large Cylin

drical Boilers (working pressure 20

Ibe.) Air Compressing Engine,

&c

Lots may be inspected on Monday, the 28th February, 1921, 1-

Terms of Sale-Ax detailed Catalogue.

HUGHES &HOUGH,

On

By Appointment Auctioneers to the

Admiralty. Bangkong, February 19, 1921.

R

HE Ubersigned have received in- strucions to sail by Pablic Auction,

TLESDAY, March 81921, at 9.30a.m.

at THE NAVAL DEPOT, Kowloon.

OLD AD SURPLUS,"

Compleing

(Fall Particulars from Catalogne).

Terms --Cash

HUGHES & HOUGH, Auctions. Hongkong. February 23, 1991.

* (FOR ACCOUNT OF THE CONGRENND),

OF

- WEDNESDAY.

March 9, 1921, commencing at 2.30 pm at their Bales Booms, No. 8, Des Voux Road, Corner of

Ice Horse Breet,

AN ASSORTMENT OF Household Linens, &c., Comprising - Pillow Cases, Fine quality Blankets, White Satin Quilts, Bed Valances,

| Damask Table Clothe, Türkish Towels,

Bath Towels, Bath Sheets, Double Bed

| Shoota, Diawawark Bedspreada, Table

VICTUALLINGSTORES, &c, de Covers, Crochet and Drawowork Doilies,

Linen Damesk Serviettes,

Also,

Bankets, Electroplate, Copper Pans, Hardware, Scap, Gear, Table Limes, &c, Serge Benants, Provisions,

da, dim

Terms of Sale-detailed on Catalogue.

On view Monday, 7ttfarch.

HUGHES HỮUGH, Appointme Auctioneers

to the Amiralty,

Hongkong, February 211921.

A few lots of Bellow Vidines and-

Buit Casan. And

Three Pairs Bincenlaza, &c. (Full Partiendam from Ostalogue).

Cash,

HUGHES & HOUGH Auctioneers. February 23, 183ť.

!

YELLOW RIVER BRIDGE'FOR' PEKING-BANKOW RAILWAY.

THE PEKING HANKOW LINE of

the CHINESE GOVERNMENT RAILWAYS invites sealed propesis of

bridge contractors for designing and building a new steel bridge about 2,200 imeters in length across the Yellow River

R. J. PATERSON,

Clerk of the Course. Hongkong, February 22, 1921.

INSURANCE OFFICES.

RACE HOLIDAYS.-

NOTICE IS HEREBY GIVEN that

FIRE & MARINE INSUR- ANCE OFFICES will be CLOSED for the Transection of Public Ensiness TO-DAY (THURSDAY), Feb. 24th, FRIDAY and SATURDAY, February 25th and 26th, from 11.45 m.

"

By Order,

LOWE, BINGHAM & MATTHEWS,

Secretarica. FIRE INSCRINCE ASSOCIATION OF HONGKONG MARINE INSURANCE ASSOCIATION OF

Hoxxoso & CASTOR. Hongkong, February 21, 1921.

HONGKONG STOCK EXCHANGE.

NOTICE

TOTICE IS HEREBY GIVEN that the STOCK EXCHANGE will be CLOSED TO-DAY (THURS- DAY) 24th, FRIDAY 25th- and SATURDAY 26th, instant

By Order of the COMMITTEE,

P. TESTER

Secretary. Hangong, February 19, 1921.

RACE DAYS.

Westinghouse

Home

The White Lamp

*Like Moonbeams on Flacid Waters"

That is how one enthusiast expressed the off-comforting

radiance of the new

Westinghouse U. S. A. White Lamps

Its soft, subdued glow offers a real balm to the overwrought, delicate nerve centers of the eyes of both adult and child. "Glareless light is abso lutely essential to comfort. For at the close of day, the eye is fatigued and care should be exercised in selecting the proper lamp for Home Lighting.

INTIMATIONS.

WAR MEMORIAL...

SUBSCRIPTION LIST.

The Westinghouse U. S. A. Lamp was designed for Home Illumination. It is made of opalescent glass, tipless. 50-wart, gas filled, and may be purchased from dealers everywhere.

There is a Westinghouse U. S. A. Lamp for EVERY lighting purpose...

To the Wholesale Trade:

Write us today for descriptive literature and prices.

Westinghouse Electric International Co.

Incandescent Lamp Department

New York, N. Y., O. 5. de

SHIPPING SLUMP.

SERIOUS SITUATION,"

:

VALUES FALL, 50 PER CENT,

IN A YEAR.

TO..

W

"RESSKAROKE

GLIGTING

by experienced shipowners that. having reached such unbeard-of prices, when the slamp did come the fall must be of a record character. In 1900, which was considered the boom year for shipping, the valde of a 7,500 tonner reached £60,630, but it took about five years fof prices to fall 50 per cent... This year it has taken less than six months from the

Shipping vaines have slumped tre-highest figures reached. mendously during the past year.

"If the value of a steamer were "

FOR the erection by Public Sub- scription, of a building to be run on YMCA. lines, to be called the WAR MEMORIAL INSTITUTE THE EXCHANGE, BANKS will be and to be managed for the joint use Vessels are now being sold at half based on her earning capacity at the

OPEN for the transaction of of the Navy, the Army and Civilians the price which would have been present time values should be neg EXCHANGE BUSINESS on WED by a Joint Board of Directors. obtained for them twelve months NESDAY to SATURDAY, the 23rd to

A portion of the sum raised will ago. The seriousness of the situa 26th instant, inclusive. from 9 to 11 be devoted to the erection of a tion is obvious. L. cnly.

Bongkong, February 21, 1921.

A. S. WATSON & CO., LTD.

NOTICE.

RACE › MEETING.

ON THURSDAY 24 FRIDAY 25th. and SATURDAY 26th, instant, ali departments will be CLOSED &t 1 P..

On these dates

THE HONGKONG DISPENSARY will be open for the purpose of dispers- ing prescriptions as follows:-

6 px, to: 7.30 P.1.

A. S. WATSON & CO., LTD." Hongkong, February 23, 1921.

permanent stone memorial which will be put in hand at an early date.

Lists may be found at Messrs. Lane Crawford.

22

Kelly & Walsh.

Mogtrie.

Fm. Powell, Ltd. i The Hongkong Club.

2'..

Bongkong Cricket Club. Club Lusitano. Engineers Institute. Victoria Becreation Club. Kowloon Cricket Clab." Kowloon Bowling Club.

"

Peak Club.

#

"

Club de Becreio

Craigengoner Club,

M. J. BREEN.

Hon. Secretary, War Memorial Committee

(I'wang-Ho). Proposals will be received REPULSE BAY HOTEL MASSAGE.

up to noon of June 30th, 1921, at

the office of Peking Hankow Railway THE APPROACH ROADS to the Peking, China, plans, rules

and

above Hotel are CLOSED tempor-

specifications can be obtained from the arily for the purpose of regrading. following offices:

Peking: Peking Hankow Railway, American, British, Belgian, Freach, Italian, and Japanese Legations."

Foreign: Chinese Legations, Wash- ington, London, Brussels, Paris, Rome and Tokyo..

All applications for same must be sópompeined with pounds & for foreige countries and with dollers 30 for Peking..

PEKING-HANKOW BAILWAY.

ADMINISTRATION.

FOR SALE.

At their Sales Rooms No. 8, Des Voux Road, Corner of Ice House Street Stuste at Broadwood Road, Hongkong

Substantially built 5-roomed Bangs- low with usual, outhouses and garden. Recently painted and colourwashed. throughout.

Particulars from the undersigned.

HUGHES & BOUGA,

Andionews, Boogkong. Februacy 21, 1921.

Patrons are, therefore, kindly requested to use the steps opponite the main entrance until completion of auch work.

GIRL GUIDES.

TADY BADEN POWELL has ap

pointed LADY STUERS to 66 Division Commissioner for Hongkong.

Lady Stubbe will be glad if those who are willing to assist in the organi- zation of the Girl Guides movement • will "communients as soon as possibla with Miss Rachel Irring, (3, The Pask) who has been appointed by Lady Bedan Powell to be Becretary for the Division.

Hongkong, February 25, 1951.

TAIYO & 00.

"Ç"SAPANESE. BOOTS AND SHOES

· MADKÉO ORDINEL"

MY. HUNDA and MrL HONDA.

14 years' experience. No. 24, Wyndham Breet. (Opposite to the China Mail)

Wash Out Your Pores With Cuticura Soap

And have clear, event, healthy skin with Le trouble and piling compinan..- Com trast, this imlorpio "wholereng treatmen with tiresome sumalaging and other źnós. On retiring armine the face with Caricaru Oftment on the end of the finENT. WELL, (zdi in dve minutes with Coping BosRD and hot spate, takes plenty of gear, bean was pled with the hands which é moitamm. and continued thing was comments. Finan

• with braid water and day gently,

ALL Also for mal orders with peter,ELE

ligible, because owners are laying: boats up awing to the impossibility of securing any freight which will cover expenses, bar if based on cost

In the past wide fluctuations in of building they would be at least shipping values have been common: one hundred per cent. higher. There is this difference between the po-rienced owners generally are pas With regard to the fature expe sition now and the variation of prices simistic. Many consider that even- in the past, which were due to mere £14 per ton is far too high a price -

when to pay

regard is had trade fluctuations. During the war

to the outlook in the freight market. the values of ships rose to unpre- A purchaser of a 7,500-tonner would- cedented heights. Prices soared as find it impossible to fix her to-day on the demand for vessels increased any round voyage to pay expenses, .

so that the more economical course and the means of satisfying it con-

might be to lay the vessel up until- tracted. In 1919 tonnage was markets improve.”

urgently sought to carry cargoes held up by the circumstances of the

war.

Gradually this demand has fallen off. Vessels have been released from war service. New ships have been launched, and the supply of tonnage not only came to equal but to ceed the demand for it. But prices of ships having soared to unpre cedented heights there was room for an unprecedented fall. This is what has occurred.. '·

NEW FIRMS SEVERELY HIT. Inquiries made in shipping circles in the City confirm the statement regarding the slump in the shipping industry. As far as can be ascer tained, it is the smaller and more recently established concerns that have not been chie to accumulate will principally suffer, because they sufficient reserves.

"A firm which started in business a couple of years or so ago,” said a keading authority, "is to-day faced with a situation which is little less, than disastrous; seeing that such a concern would have had no time in THE COLLAPSE OF PRICES, Some interesting particulars of theve written down its tonnage to an which to accumulate reserves of to slump are given in the current issue economic book value. On the other of Fairplay in an article entitled hand, the larger lines had before the "Fluctuations in Shipping Values war written down their tonnage to A comparison is made in the value of absorbing a limited amount of

a figure which is not incapable-. of f new, ready, singledeck steamer new. tonnage at the high values-

which have obtained during the past three or four years.

with a deadweight carrying capacity of about 7,500 tons, te

"Ships have been selling at as-

The article proceeds: “A year ago a 7,500-ton vessel was worth £31 much as 40 to 50 a ton for new- | tonnage in the last two years, and per ton if sold to British owners, and recently a new 4,000 ton ship was £45 per ton could have been obtained put up for auction in the City and from foreigners, but the Shipping, withdrawn at £810s a ton. It must Controller would not give his consent be remembered that the life of to the sale. While during 1919 the ship is twenty years at the outside, appreciation in shipping values for and that in that time she has not the first six months was about 24 per only to earn her own living but to cent, and in the twelve months about earn enough money to pay for a 42 per cent, we have to record this substitute when she shall become year a depreciation-in values as com- obsolete. For an Individual ahip pared with January 1, 1920, of 23 carrying the values of the last few per cent in the first six months and years this would he a sheer com Lover 50 per cent, by the end of the mercial impossibility. She cannot learn enough money to pay for her Never in the history of shipping running expenses and provide for have vainen fallen to such an extent, her own depreciation account wher but it had been generally recognised she costs £50 a ton.