1921-09-13 — Page 8

8

THE CHINA MAIL.

PHILIPPINES

that it is gratifying that the principal European run. This steamer will

HONGKONG HOTEL COLD STORES companies especially the Nippen probably ship wheat beans, and other

COMPRADORE DEPARTMENT.

(Telephone No. 485,

OPEN 7.30 AM TO 10 P.M.

MCLAREN'S

FRESH CREAMEBY BUTTER

$1.25 par Ib. "SHAMROCK" BRAND

$1.25 par jur

OHEESE,

L.

FISH

CANADIAN SALMON

HADDOCK.

KIPPERS

POULTRY

CANADIAN TURKEY

$1.50 per lb.

FRUITS

GRAPE FRUTT

ORANGE ...

APPLES ....

.30 ctx. each. .15 cta each. .40 èts. per Ib.

L

VEGETABLES

CANADIAN POTATOES

.08 cts. per lb. THE ABOVE PRODUCE IS IMPORTED TO OUR ORDER AND STOCKED IN OUR OWN REFRIGERATORS.

SHIPPING.

A FREIGHT REVIVAL.

LOOKING FOR LABGER SHIPPING PROFITS.

There has been a very welcome spurt in freights which will be additionally beneficial as soon as coal is more plentiful for export, says the Financier of July 26. In respect to the latter there has been some lagging which is especially deplorable, as some good cargoes are offering homewards in the Danube and at the Australian ports. Although rates being quoted and accepted are an improvement, owners would be more pleased were they able to get a coal cargo outwards, and so cover expenses more easily.

There are also plenty of people ready to take ships on charter for coal, but, unfortunately, no guarantee is forthcoming when the ships can load, and there is a fear, not alto retter unfounded, that we shall see some congestion at the coaling ports which will add to the difficulties of securing a fair start for the cost business. However, there are signs of activity, and although the mach inery may not be in proper working order, the evidences of getting into motion are all in the right direction.

NO HIGHER FREIGHTS?

..

Yusen Kaisha and the Osaka Shosen foodstuffs, there being small cargoes Kaishia, are already fairly prepared. fer it to carry in Japan. The NYKA 500,000 ton shipbuild- ing programme has already progress-

on

Eret.

INDEPENDENCE.

་

WOOD-FORBES MISSION HERE.

Aboard the sa "Kores Mara" when she arrived in Hongkong yes terday were General Leonard Wood who has recently been appointed Governor of the Philippines and ex Governor Cameron Farnes. For the past three or four months General Wood and Mr. Cameron Forbes have been touring the Philippine Islands on a mission of investigation, in con- nection with the appeal made to the Government of the United States by the Filipino leaders for the concession of full independence. The Commi sinners are now paying a visit to Pekint and Tokyo. General Wood returns from Japan to Manila" to assume the post of Governor-General, while Mi. Forbes proceeds from Japan to Washington to present the Report of the Commission.

The shipbuilding trade of Osaka ed by half, ships of 130,000 tons or continues as depressed as so having bem newly constructed During July, there was not a single and ships of 100,000 tons purchased. launching, though there were three In consequence, on all the roates of strips of 4,629 tons completed-which the company new, departures are in are all stock boats. Ships under hand, old ships being substitated by construction totalled sine vessels of new ships. Thus the Bombay line 17,850 tons, of which five are in has been served mostly by new ships accordance with the orders previous Three ships totalling since this month. On the Europeadly accepted. line are to be placed soch superior 35.800 tons were under way, all of vessels as the "Hakone-maru," "Ha them being stock boat.

and Asama-maru

The trade association for the Tokyo runa-waru," af 10,000 tons, all of which will be

Tab exhibition of Japanese merchandises completed in the near future. Shanghai run has received two more on show at the Harbin Commercial the Spring. Museum held a meeting of the fast

since ships

August 18. There being good prospects of management trade with the South Seas, the pre For the purpose of promoting trade sent European Hoers may be put on between Japan and Siberia, Man- the Java line. while there will be charia, and Mongolia, the founda renewals on the North American line. tions of a joint selling guid in Tokyo, The O.S.K. is also believed to be about with branches in Manchuria and

The Hon. Mr. Claud Severn, CM.G.. to start a great shipbelding pro Mongolia, was mooted. The matter gramme. It has already placed the was referred to future discussion, on Colonial Secretary, went on board the Kazan maru on the the ground that as it was of intern'1-Korea-mard to welcome the dis excellent. Tientsin line in lieu of the Taishin tional concern it should be fully mara." From the end of September, deliberated on. the newly built "Baikal-maru" will regularly operate on the Dairen ran in place of the." Kagi-maru," which will appear on the Tsingtan line, to supplement the "Taiboko-maru." To compete with this scheme of the O.SK, the N.Y.K. may be expected to withdraw the "Saikyo-maru." now

tinguished visitors to the Colony. They remain bere until the vessel H. E the departs on Thursday. Though the TransPacific shipping | Governor is giving a dinner to-night line presents tale features, the New in their honour. H. E. Lieut-General Yark line continues lively, the NY.K. Sir George Kirkpatrick will also en and O.SK. liners having full ship-tertain them at Headquarter House. ments. In spite of the comparatively small cargoes to carry, many steamers are operating the Trans-Pacific line.

ning at a profit at to-day's rates must perforte watch his expenses very carefully. That there is room for Improvement is evident from examples given by Sir Arthur.

the company decid- Before the war his wages bill

dispatch the "Tamha for a 6,000-too steamer was £150, the Tsingtau line. The OS.K.more American ships having appear insuficient and up to a few months ago it was further intends to gain influence oned thereon, especially since the ed to £660 a month. The reduction in the European line by dispatching the settlement of the American seamen's maru," whic left Yokohams of

and strike. On the other hand, only a August 22. wages brought this bill down to £570rgo ships, "Londonmu but this is still too high. Stores and

few shipping companies, inclusive of provisions are more than double, and

the NYKOS.K. and Blue Fangel, Moreover, in consequence of the the expenses in the Tyne of loading

are engaged in the New York run. raising of the Trans-American railway a steamer for the Mediterranean;

rates, shippers prefer to send goods to New York by sea. which used to be £200, are now £500, Bunker coals used to be 12s. 6; to day they are about 40s.

There is therefore room for im provement, and when one considers the high terminal charges, it will be seen that even with freights at the present level, ur, let us hope, rather higher than lower, there is a big margin if working costs can be re- duced.

The wages reduction of seamen of about £2.5s. a month has, according to the figures just quoted, effected a saving of nearly a hundred pounds. There is now an agreement with the transport workers, which, though small in itself, means a large sum in the aggregate. Coal trimmers have agreed to a reduction of 10 per cent, and, what is of equally great importance to the easement of the present working hours for the purpose of 5nishing tonnage over the week end. This will save large sums in demurrage, and every saving helps to set business on its teet again.

SHIPBUILDING COSTS TOO.

In addition to the announcement the other day of having taken back

As in shipping so in shipbuilding most of the ships he sold to the Western Counties Shipping Company, all hopes are centred on this question, Sir Arthur Muaro Sutherland, Bart and if the theme is not new to these made a point about freight rates, columos it is because, nothing much which those who are waiting on the occupies the thoughts of shipbuilder fence will do well to note It was but this outstanding problem of get- that he did not see any possibility of ting prices somewhere near the pre- freights going higher than they are sent market value of tonnage. Not In that anyone hopes to see new ships moment. present

once bought on the North-East Coast round about £8 to £10 a ton.

Mr. A. B. Gowan, chairman and managing director of Messrs. Pal

Paris mara," 12.000 tons each, to be completed at the end of the cur rent year. Similar changes are to be made on the North American line.

JAPANESE SHIPPING.

PROPOSED AMALGAMATION.

}

The New York correspondent of the Philadelphia Public Ledger reports naimpeachable source" from an ordered Diesel engines to the value of that the Japanese Government has £1.250,000 for installation in giant submarines from Sulzer Brothers, of Winterthur, Switzerland The New York representatives of the firm are quoted as saying that these engines the submarines which they had seen are about 4,000 hp, and the plans of provided for the installation of several such engines, totalling 1500 to 20,000 h.p. for each vessel. The en gines, it is added, are more than twice as powerful as those recently ordered from the same firm for the United States Navy..

It further intends fo transfer the European liner, "Kaga mare, in the middle of November. the "Hakone-maru," now under con In substitution for the "Kaga-mar struction will serve the Europeah Irade. The Osaka Shosen Kaisti. transferring the "Kasadó while maru," now on the Bombay line, to the Formosan line next April, will allow a-passenger ship to take ber place.

The ports on the other side of the Pacifc have been striving to develop of late says the Asahi Especially

beeis have San Francisco, Seattle. Tacoma, and Portland, who. in their jealousy of the development endeavouring to improve harbour of facilities for the convenience of ships going in and out of the ports, and of landing and shipping, and have suc ceeded in consequence in reducing

foreign ships. The Asali reports whariage charges etc. In pursuing

that propagandists have been dis their end, they warmly welcomp

TUESDAY, SEPTEMBER 13, INRE

DAIRY FARM NEWS.

BUTTER

Our "DAISY" BUTTER. at $1.85 per lb. is the best imported butter from any part of the World. Its texture and keeping qualities cannot be excelled.

Our "DAIRYMAID" BUTTER at $1.25 per lb. is equivalent in quality to any other fresh butter sold by other Stores.

We deliver orders to any part of the Colony. THE DAIRY FARM, IDE & COLD STORAGE Co., Ltd.

WHITEAWAY'S

HALF

PRICE

SALE

ON

CANVAS TRUNKS,

FIBRE TRUNKS,

FIBRE SUIT CASES,

LEATHER SUIT CASES.

LEATHER ATTACHE CASES,

LEATHER KIT.

BAGS,

LEATHER WRITING CASES,

FOR

ONE WEEK ONLY

There are roughly 300.000 engi patched to the Orient, one of whom GENUINE HALF PRICE SALE

Mr. Tachikawa Matahachiro, who naked Japanese shipping is now widely known as the advocare of the amalgamation, says that the prospects are very encouraging. Of 2000,000 N.YK. shares, if the 360,000 shares in possession of the Imperial House hold Department and shares that are owned by the Directors and others interested in the company, and holders of fewer than 100 shares are deducted, 650,00 shares are left mostly belonging to what are commonly call d large shareholders, of which total holders of 260,000 shares (equal to some 40 per cent. of the aggregate) have shown them- selves in favour of the amalgamation. Reckoning in the same way, 500,000 OS.K. shares out of a total of 2,000,neers of one sort and another without 000 shrees, are possessed by large work and it is significant that the shareholders, and approval of the Amalgamated Engineering Union has The recent raid on the amalgamation has been obtained had to chorvait its unemployment from holders of490,000 shares (equal benent, because its finances are get to 60 per cent of the aggregate). ting low. in the near future with those who the workless members is said to Negotiations are to be farther opened union's offices in London by some of assume an attitude of neutrality. indicate that the rank and file are From the N.Y.K. and O.SK share very restless over the way the union's holders, fifteen committee-ren will affairs are being managed. The great he appointed each, and from the majority of those members affected, however, realise the difficult nature of the executive's task in tiding over spectacular raids on offices, followed the present period, and also that by ejection by the police, do nothing except make the unemployed adven. turers look foolish.

SUEZ CANAL TOLLS.

A REDUCTION ON OCTOBER 1st.

has called at Kche and asked large Japanese shipping companies to pet- mit as many ships as possible to call

of freights for Japan being aded on Japanese ships. It is said, however, at Portland, as shippers are desirons

will approve of the off at once, us that none of the Japanese shipowners it atma only at developing the port of Portland, the interests of foreign ships being a secondary matter.

The twin screw Blue Funnel Finer managers, left the South Yard of "Nestor Messrs. Alfred Bolt and Co. Messrs. Workman, Clark and Co., Ltd, Belfast, after reconditioning, and proceeded down the Lough to adjust compassēs and carry oft trials. The vessel is a. handsomely modelled passsenger and cargo

A Madrid message of July 21 to The management of the Suez the Daily Express states that the

2 Spanish steamer atermer built by Messrs. Workman of a Clark and Co., Ltd., 1913 for the the presence Canal announces a reduction of 25 captain ef centimes in the canal tolls, beginning reparted

་་་་་་་ ་་

SEE WINDOW.

TERMS CASH

NO ACCOUNTS OPENED.

WHITEAWAY, LAIDLAW & CO, LTD.

HONGKONG.

BANKING IN CHINA.

MARKED DEVELOPMENT.

at the saying this evidently Sir Arthur being built for the few pounds a ton T.K.K. K.K.K. and other share literally, for for which one can pick up ex-German holders, twenty, to negotiate with did not wish ton

certain In

directions ships to-day and perhaps American their own companies on the mater. freighta

but something to-morrow,

a credit for themselves, to mobilise have made quite an appreciable up-ships

acances, to increase their capital, to ward movement. What, no doubt, nearer the pre-war value of a good

accumulate strong reserve funds, to be did wish the shareholders in the but cheap cargo boat, which could be

stabilise the financial markets, to define Isles Steamship Company to note

a policy, to introduce reforms in the was that any improvement in ship

currency system, to provide means ping finance is likely to come from the reduction of costs rather than the

During the last, teb years, as is of promoting financial enterprises, to ascendancy of freight rates to warmers' Shipbuilding Company.referred to the maites the other day at the time levels.

a bew ferry steamer October 1, 1921, after which date derelict sailing vessel in the Atlantic Ocean Steamship Co., and used by There are still a good many who trial trip of would be offended if one did not call his firm had built at their new yard the tolls will be 8 francs 50 centimes not far from the Canary Islands. A then in their Australian service. well known, a very marked develop forin a body or union to work out them bard headed business men, who at Amble, a little north of the Tyne, on ships in ballast, according to a bout sent from Melilla, Morocco, During the war the "Nestor" was ment has taken place in the business an independent plan for managing tragedy. The body of a European, to England, and has now been com under Chinese control. This subject the banks having offices in Peking, recondi is dealt with in the supplement to as shown by the balance sheets at seem to be waing for prices to come and he was only saying something report to the Department of Comfound the derelict, and discovered a employed carrying Australian troops and practice of the banks in China fuances. The aggregate figures of back to the halcyon days so recent, similar to what Sir Alexander Ken | merce.

During the six months ended June she in the stomach, lay on the deck, pletely overhauled and when buyers clamoured for the goods nedy, the president of the Shipbuild- at any cost. This applies to a certain ing Employer's Federation, had 30, 1921, the canal tails on 1.870 which was in great disorder, as if a tioned, with additional passenger ac the Bonkers Magazine, of Peking the end of 1919, indicates that before. The further reshipi parsing through the canal were desperate struggle had taken place commodation itted. The registered The importance of China's progress deposits totalled $399,177,000; loans class of shipping investor who will said

The dead man is 31.20, with a gross tonnage of over to foreign traders, les primarily in issued. $941,958,000; investments. have a futile wait if he is depending on ductions which the shipbuilders pro- 70,150,000 tranes; during the cor- The ship, the "Antonio Torres, is a dimensions are 553.25 by 68.43 by in banking, both to the Chinese and and advances, $363,945,000; notes op 1,868 believed to be one of the crew of five 14,500 tons. The machinery, which the effect it is likely to have on the $23,960,000; capital, $69,694,000; war time freights for dividends, and pose, in addition to the 6 a week respondice six months of 1920 tolls Spanish vessel it is well that Sir Arthur has brought wages cut, are to come up for were 70.600,000, francs

arbitration shortly, but in the mean: ships; and during the corresponding who sailed from a Mediterranean has also been completely overhauled by financial policy of the Chinese Govern reserves, $9,504,691; note reserve.

were port for Malaga. It is supposed that Messrs Workman, Clark and Co., con-ment, Chinese banks now supply the $94,958,000; cash, $91,637,000. out the point.

time the prices of steel and other six months of 1919 they

he was killed by Moorish pirates, sists of two sets of triple expansion Government, the manufacturers and

inasmuch

Many residents of climes Ea perhaps for refusing to be made reciprocating engines, with ample social eircles with financial assistance, materials are being closely examined 61,768,000 francs on 1,772 ships. to see which are the best markets in

prisoner, and that the captain and boiler power, and the speed of the bat the rest of the crew are hostages of vessel is 14 knots. After a successful action and a definite policy are

proceeded to absolutely essential, the Bankers of Suez complained of the recent spell trial the

Nestor

Association was formed to that end; of beat in Britain. Eighty-five or so Liverpool

there were originally 19 founders, in the shade can be supported with the Moors.

bat since then the total has been in appliances adapted to such a tem- Owing to active business transac

creased to 32 out of about 40 modern serature, but when that. heh la so- A GOOD SUGGESTION.

banks to all. Their policy may be clated with unprotected bricks and tions in Indian cotton since the spring, there have been many mer

TRY Chamberlain's Tablets when summed up in the appended phrase mortar, and streets and pavements chants going from Japan to India and back. The Nippon Yasen Kaisha

bilions or constipated. You are from the speech of the chairman of intended only for temperate ther has accommodated some passengers certain to be much pleased with them the association at the inaugural mometer readings, wich things do not

"Wakasa-maru They are easy to take and pleasant in The Osaka Shosen Kaisha has in the freighters,

"Tango-maru," affect, For sale by all Chemists and meeting-To find a proper channel make for comfort, says a Home

to carry on their business, to create paper. Japanese shipping circles for post come to a decision to move the tied-1" Calcutta-mara" bellom development, the Asahi states lap "Andes-mare" and place it on the] and "Hakata-maru," but finding this Storekeepers

SHIPPING COSTS.

It is, of course, not easy to make

a profit on present freights, and on some trade routes it is absolutely

which to buy. The consternation that has found public utterance iest

impossible. But broadly speaking, a tax be placed on foreign steel shows there is little hope of material im- provement, for as soon as freight De direction in which they are

rates harder there is a whole flotilla ot laid-up ships ready to come put and depress the market. Those who remember shipping affairs before the war will realise how sensitive the freight market was, and how one or two extra ships would knock the bottom out of a market. Hence the owner who can keep his ships run

THE DUKE OF BROOF

JD COUN, STAIRS." WISHES TO SEE

looking.

JAPANESE DEVELOPMENTS.

NEW STEAMERS.

Observing the preparations in

YOU TELL HIM THAT ILL TELL HER HE 13 CALLING) WANT

TOST THAT GUY OUT OF

HERE-

-

GENERAL NOTES.

The M.M. steamer "Cordillere," is to be docked at the International Dock, Shanghai. It is stated that it will be "quite a long while" before she will be able to resume ter place in the service between Marseilles and the Far East.

BRINGING

!! TO HIMSEL

I HOPE HE HEARS. MAGGIE'S

VOICE

MAGGIE - ME FRIEND-DINTY MOORE 15 DOWN STAIRS AN' WANTS

TO TALK TO YOU

ME?

UP

FATHER.

YOU TELL THAT BUM TO GET OUT 'OF THIS HOUSE. BEFORE I COME DOWN AND THROW HIM OUT

collective

LOOK AT HIM CO.

THANK GOODNESS ICOT RID OF MIM-