1928-08-31 — Page 5

FRIDAY, AUGUST 31, 1928.

P.&O.-British India Apcar and

Eastern & Australian

Lines

(COMPANIES · incorporated in ENGLAND), MAIL AND PASSENGER STEAMERS.

CARGO FOR

TAKING

STRAITS, JAVA, BURMA, CEYLON, INDIA, FERSIAN GULF, WEST ZMIES, MAURITIUS, EAST AND SOUTII AFRICA, AUSTRALASIA, INCLUDING NEW ZEALAND AND. QUEENSLAND PORTS, AND RED SEA, EGYPT, CONSTANTINOPLE, GREÈCE, LEVANTINE

PORTS, EUROPE, &c.

PENINSULAR & ORIENTAL FORTNIGHTLY DIRECT ROYAL MAIL STEAMERS.

(Under Contract with H.M. Government.)

From

S. S.

Tons

Hong Kong

About

Destination

1st Sept. 1 Bombay, Marselles, & Londen.

Noon

9,144 16th Sept. Marxelles, London, Antwerp & Hull,

THE CHINA MAIL,

SUPERFLUOUS SHIPS

(Continued from Pago 4.)

in very strong position,

the not

cost at which cargo can be carried

by him being much lower than the

INDO-CHINA

Average not cost of the organised STEAM NAVIGATION CO. LTD

tonnage, it is doubtful whether he will be at all willing to agree to terms which do not secure him the bulk of the benefit that can ba sceured.

SAILINGS SUBJECT. TO ALTERATION,

Destination

Bleamer CHAKSANG Sun., Ttau via Staw & S'hai

.Wod.. Tiau via Stow & Shal. YATSHING Ttau vin Stow, & S'hal KWONGSANG Sun, Ttau vin Slow & Shal.. HOPSANG....Wed., Kobe vin Amoy, Keelung & FOOKBANG .. .Fri., Osaka vin Amoy, Shanghai, HOSANG....Wed.,

Atoji & Kobe Canton

Shanghat

Straits & Calcutta Tientain Sandakan

CHEONGSING.Sat.,

KUMSANG....Sat., CHEONGSHING. Mon.,

Sailing

2nd Sept, at Noon

6th Sept, at Noon 0th Sept. at Noon 12th Sept. at Noun

7 a.m. 14th Sept. at 19th Sept. at 7 a.. 1st Sept. at 7 u.m.

15th Sept. at 3 p.m.

3rd Sept. at 5 pm.

MAUSANG... Wed., 19th Sept. at 3 p.m.

For Freight and Passage apply to: JARDINE, MATHESON & CO., LTD.,

General Managers.

Telephone Central 215.

President Liner

SAILINGS

Weekly Trans-Pacific Service

To San Francisco and Los Angeles.

The Sunshine Belt via Honolulu.

Fortnightly sailings on Tuesdays."

Pres. McKinley

Pres. Grant

Pres. Cleveland

Sept. 11th

Sept. 25th,

Oct. 9th.

Pres. Jackson ........................

Oct.

23rd.

RESULTS OF LAYING-UP. In these first stages a slight re- duction of the average net cest ni carried is which cargo can be secured; but as it is, more than likely that now competition will develop at each stage, when the competilors car in turn be got to join the scheme there will soon be In point at which the cost of lay- jing-up the oldest units bears so heavily on the working expenses of the vessein in commisalon that the increase in the average net cost of carrying cargo by entered ton- nage is so much higher than the net cost at which outsilers can. undertake the work, that a com- If an outsider enters the trade per ton of cargo entried with con-

with new tonnage, the evident re-secutive voyages, showing plete fallure must be the result.

At consecutive stages the aversult will be a collapse of freight ing of 3d. per ton in comparison nge net cost and the correspond-to B. bottom level, plus contribu- with the cost of laying-up A. dur- Thereafter the ing bottom rate at which cargo tion, viz., 18s. 7.3d. To secure a ing that period.

it will be neces position and the average net cost

Special through rates to Europe via United States can be carried by entered tonnage recovery

£120, £112 cost would be the same in both cases,

Direct connections with all Atlantic lines. Choice of B. the scrap anry

re- but there would be no safeguard rail lines across United States and Canada, liberal stop-over privileges for Bottom rate. of which, including cash

sight-seeing. 1. A. demption of his contributions to against the repetition of super- tonnage hampering the 19 11.3

is, say, £20,000, flacus serapping fund, To pay off this amount in 25 an-world's markets.

is

Net cost. 3. d. Original .... 20 11.6 Under laying-

up scheme 20 8.2

First competi

tor joined. 20. 7.9

10 0.5

38 7.6

Second com-

petitor

joined. 20 10.3

18 4.8

Third com-

petitor

joined... 21 2.7

17 13.5-

Fourth com-

petitor

joined.... 21 9.0

18 2.0

1

to

1 V-

nual contributions, with interest Now, it may be argued that the at 5 per cent, the newcomer will depression may only last another have to pay contributions equal to year, when the cost of scrapping· apparently higher, or would be 9.14. per ton of cargo carried in his vessel.

that to maintain freights at a réa-: While payments asked from the sonable level it will only be ncges- newcomer are lower than in the ary to lay up superfluous tonnage To obtain a complète case of the laying-up scheme, the part-time. net gain to him will be allghtly recovery from a 20 per cent, super- higher, vi, la 6.5d., while the tuity of tonnage by scrapping the other contributors will book a net coat of units now in commission gain of 2s. 2.6d. For this reason, would be about one-fifth of that

of the fact that required to pay permanent laying When no premature competition and on account develops and tonnage is broken up the average net cost at which cargo up of superfluous tonnage, while en reaching the age of 30 years. can be carried by entered tonnage thereafter the cost to new tonnage when value has been completely is lower, the outsiders will be soon- for scrapping 25-year-old tonnage

no Ini-rangement.

would be equal to one-tenth of the Frequent connection_from Port Said for Passengers and Cargo to written off by contribution to de-er inclined to fall in with the ar- of equivalent carrying capacity!

provement in the volume of cargo For scrapping further units, the

cost of Custantinople, Piresun, Sayan and other, Levant Ports by steamers of thepreciation fund, then if

permanently laying-up Khedivat Mail Steamship Co.

sets in, it will either be necessary coat including cash value of con-

a laying-up which to suspend the building of newtributions payable, and the price equal tonnage to that scrapped,

means that tonnage, or if construction is to to be paid by the newcomer, would scheme can only be cheaper when

NALDERA

KALYAN *KASHGAR

16,089

BUIRZAPORE

9,005 29th 6,715 12th

MOREA

10,983 th

PRIVA

9,18527th

¡Cargo only.

TILAWA

Sept.es, L'don, A'werp & Hull.

Det. Get,

traits & Bombay.

Marseilles & London.

Oct. Marseilles, Lundon & Hull. Calls Carablanca.

BRITISH INDIA-APCAR SAILINGS.

TAKADA TALANBA TALMA

10,006 | 10th Sept. 6,049 1st Oet. Oct. 1,018 130.

Oct. 10,000 J0th

Singapore, Penang & Calcutta,

Singapore, Peaong & Calcutta. Singapore, Penang & Calcutta, Singapore, Penang & Calcutta.

13.1. Apcar Line steamers have excellent accommodation for 1st and 2nd class passengers. All steamers are fitted with wireless and carry a qualified surgeon.

C. 15 years old D. 10 E, G FI FD

Cost. Contr.

wr ton. ...30,000 $40,000

21.71 ..47,500

26.14 ..56,000

13.71

18.28

in the primary stages it will not be necessary to lay up super- fluous tonnage more than three months in the year, with a gradual diminution in the time of laying- up to one month in the year after the first stages have been passed:

"Journal of Commerce."

Ko on steadily, to lay up the units be as follows:- between the 25th and 30th year.! When improvements in efficiency will reduce the cost at which by units built cargo in carried after 5, 10, 15, 20 and 26 years

Progress in the contributions of to 188. 6.5d., 18s. 3.01., 18s. 0.04., 178. 9.0d., and 178. 6.0d, respective-successive newcomers determines ly, then the average net cost per the level at which it is profitable ton of cargo at future stages in to enter, the trade with new ton to the coat at each of the cases cited will be:nage, In relation

suspended, continued, which cargo can be carried by new continued. suspended. vessels, and until the economic PASSENGER LISTS.

EASTERN & AUSTRALIAN SAILINGS (South). After

TANDA

ARAFURA

6,950 | 31st

Aug. 4 p.m.

5 years

10

15.

5. 1. ...20 1.0 ...19 4.3 ....18 9.8 ....18 4.3 ...18 0.8 18 7.1

8. d. 20 0.0 19 6.1 19 1.6

18 10.3

4,500 28th Sept. | Manila,' Sandakan. Thursday Island, 20

Townsville, Brisbane, Sydney & Melbourne,

ST. ALBANS

6,000 2nd Nov,

6,956 | 30th Nov.

4,500 28th

Dec.

TANDA

ST. ALBANS

• Colla at Roilo & Port Holland,

Regular monthly sailings from Hong Kong to Jepan and Hong Kong to Australíu.

The E. &A. S.S. Co., Ltd., steamers will alse call at Shanghai, Hollo, Cebu, Kolambugan, Tawao, Timor, Darwin, or other ports on route as inducement *ffers.

Frequent connections from Australia with the following:-

The Union S.9. Company's steamers to the United Kingdom via New Zealand, Vancouver, San Francisco, etc.

The P. & 0. Itoyal Mall steamers to London via Suez Canal. The P. & O. Branch Service of sleainert to London via the Cape. The New Zealand Shipping Company's steamers for Southampton and London vin Panama Canal.

SAILINGS TO SHANGHAI & JAPAN.

*NAGFORE

5,283 4th Sept. S'hai, Moji, Keba & Yokohama.

6 a.m.

ST. ALBANS 4,500 4th Sept.

6,040 8th Sep 0,715 13th

TAKADA

"MIRZAPORE

MOREA

TALA MBA

LAHORE

KHIVA "TALMA

Sept.

10,953 14th Sept. 8,018 17th Sept. 5,252 24th Sept. 9,186 28th Sept.

Mojl, Kobe, Oraka.& Yokohama, Amoy, S'hai, Moji, Kobe & Osaka. Shal, Moji & Kobe.

S'hai, Mol, Kebe & Yokohama.

Amoy, Moji, Kobe, Yhama & Osaka. S'hai, Moj Kobe & Yokohama, S'hal, Moji, Kobe & Yokohama, 10,000 28th Sept. Amoy, Moj, Kobe & Osaka.

*Cargo only.

All dates are approximate and subject to alteration without notice. WIRELESS TELEGRAPHY FITTED ON ALL STEAMERS. Passengers for Rangoon must defray their own Hotel expenses Bingapore while awaiting the on-carrying steamer.

All Cabins are fitted with Electric Fans free of charge. ♬ Steamers on London and Australian Lines are fitted with Laundries, Parcels measuring not more than 24 ft. x.2 ft. x 1 ft. will be received

at the Company's Office up to Noon on the day prorious to sailing.

For further Information, Passagés Freight, Handbooks, etc., apply-to-

MACKINNON, MACKENZIE & CO.

P. &0. Building, Connaught Rd., C., HONG KONG.

Agents.

BOSTON, NEW YORK & BALTIMORE.

JOINT SERVICE OF THE

“BLUE FUNNEL" LINE. (OCEAN 9.8. CO., LTD. & CHÌNA MUTUAL S.S. CO., LTD.) AND

AMERICAN & MANCHURIAN LINE.

(ELLERMAN & BUCKNALL 8.S. CO., LTD.) SAILINGS FROM HONG KONG,

SS. "PHEMIJS"

Vin Suez Canaly

SS. AGAPENOR"

Via Suer Cenal

S.S. CITY OF WELLINGTON Via Suez Canal

21st Sept

5th Oct.

7th Oct

25

נו

lovel of 'replacements is reached there will be a decline in the aver age net cost of carrying cargo by: entered tonnage, viz:-

Of course the volume of cargo Original offered may improve, say at the Under scrapping scheme end of the first period, to such an First competitor joined

Second extent that it is not necessary to Third suspend building or lay-up B., and if this improvement is maintained in future period the average net cost will be:-

Fourth

ers.

נו

Net Bottom

cost.

A.

rate.

ARRIVALS.

Passengers arrived by the P and 4. 50. 5.8. "Naidera" from Japan and 20 11.0 19 113 20 2.7 18 78 Shanghai were:-

Miss S. Dawson, Rev. E. Quick, 19 8.7 17 12 *19. 0.7 19 93 Mr. C. Soper, Mr. H. Webb, Miss

19 7.5 10 9.3

Dr. Mac- 10 10.9 17 0.7 A. Grill, Mr. H. Bos, Economic level of replacement. Gowan, Mr. Lo Chin, Mr. R. -The increase in the average net Wheildon, Mr. & Mrs. H. Hodges, cost after passing the economic Mr. H. Gild, Mr. L. Chang, Mr. L. level is borne entirely by newcom Min, Mr. H. Chen, Mr. P. Klang, Mr. K. Tay, Mr. & Mrs. P. Chang, SCRAPPING SCHEME,

Mias P. Sutton, Mr. F. Charna, Mr. When no outside competition de- velops prematurely, but new top- E. Muth, Mr. L. Kosloff, Mrs. A. nage fa added every fifth year, the Levitoff, Col, & Mrs. Steward, Car. J. Johnstone, Pt. Lt. H. Brockman, It will be well to remember that net cost at which cargo can be. Berryman, Lt. T. Fasson, Capt.

explained before, this result can only be possible if carried ia as all units are broken up on reach-while in the first period only unit Mr. C. R. Lee, Mrs. H. Sweeting, ing an age of 30 years, which A. has been scrapped, and £10,000 Mr. F. Davies, Mr. W. Spencer, Mr. would be highly improbable, as is paid for the scrapping of each H. Clements, Mr. M. Moriarty, Mrs. there would be no obligation on the successive unit on reaching the Work, Mro. E. Hones, Rev. & Mrs. age of 25 years; then the average F. Shore, Mrs. S. Bheraomal, Mr. L. part of their owners to do so.

net cost at future stages will be. Thawarden, Mr. J. Millen. be without allowance having been

After-

6 years

10

3. d. .19·10.0 .19 2.7

*

15

.18 9.3

20

25

.n

18 5.0 ...18 1.81

-SCRAPPING SCHEME. More effective results can obtained by scrapping superfluous made for the profit to the owners Loonage. If the cost of scrapping on scrapping our

After"

A., that is the difference between

the price demanded by the owner

5 years

10

15

20

26 IF

3. d. .19 7.1 .19 1.9 .18 · 9.9

.18.7.3

18.4.7-

and that which shipbreakers are willing to pay, be £10,000, and the owners of the units remaining in Commission agree to pay off this amount by annual contributions, at the end of the first porlod with interest at 5 per cent, which an improvement in the volume of shall be the same for all units cargo offering sets in which jus- until they have reached the age ties the building of two new of 25 years, then the amount pay-units, while such improvement le able by each will be £207 per maintained. In future stages the year, the cash value of each con-average net cost will be ton of cargo carried, with vessals ributor's share and the cost per

After

5 years

making consecutive voyage, be-

10

15

Cont

20

Cash per

26

d.

Ing

C:10

E-20

F.25

།,

19 5.0 .19 0.6 :.18: 9.8 .18 7.1- .18 .5.0 Walas. fon. It will he noted that In the prim-

B. 5 annual contributions 874.60 1.74ary stages the average net cost 1,491,70-1,62 under the scrapping scheme la 2.144.50 1.64 lower, but at later stages, the aver 2,670 20 1.41 age net cost is higher than ander 2018.00 1.84 the laying-up scheme when build- £10.000.00ing is suspended for, a time or an In comparison with the cost of improvement in the offer of cargo inying up this is an extremely low takes place. It can be proved, price, though, of course, it must however, that when the depression be remembered that payment must is assumed to end with the first be continued until each con- period the cost of scrapping is tributing malt has reached the age still substantially lower than that of 25 years. There will be an op- of laying-up. “S portunity later to prove that the If the owners of units B. to cost of strapping it actually low-inclusive, instead of agre pay off the cost of scrapp er than that of laying-up.

The contributious will buy-an by rnnual instalments, payable

Steamers proceed via Suez Canal or Panama Canal at Owners' Option improvement in freight, from Austil each contributing // unit

Bubject to change without notice,

and

For Freight and particulars apply to --

BUTTERFIELD & SWIRE or THE BANK LINE, LTD., Hong Kong Hong Kong & Canton: JARDINE, MATHION & CO, LTD. Castor

bottom level to Bnet cost, plus reaches the age of 25

ribution leaving a net gain to pay off the cost in

which is the with interest at 6 per contribution of under the lay annu

be £468, or rather less than 4d

To Seattle and Victoria.

The Short, Straight Route to America.

Fortnightly sailings on Tuesdays.

Pres. Taft...

Pres. Jefferson

Pres. Lincoln

Pres. Madison

Sept. 4th at 11 am.

Sept. 18th

Oct. 2nd.

Oct. 16th.

Europe and New York Direct

ROUND, THE WORLD.

Fortnightly sailing on Sunday via Manila, Straits, Colombo, Suez Canal, Alexandria, Naples, Gena, Marseilles, New York and Boston.

Pres. Wilson ..Sept. 9th 8 a.m, BA.. Pren. V. Baron Sept. 23rd Pree. Hayes ...Oct. 7th 81.03.

Pren, Polk

Oct. 21st 8 am, Nov. 4th 8 am,

Pres. Adams Pres. Garfield Nov. 18th 8 a..

To Manila

Pres. McKinley Sept. Tat 6p.m. Pres. Jefferson Sept. 11th 6 pm. Pres. Grant...Sept. 15th 6 p.m.

Pres. Lincoln ..Sept. 25th 6 p.m. "Pres. Cleveland.Sept. 29th & p.m. Pres. Madison ..Oct. 9th 6 p.m.

For Bookings, Passenger and Freight Information apply to Hong Kong and Shanghai Bank Building, Ground Floor. Telephone Central 2477, 2478 and 705

Cable Address "Dollar." CANTON BRANCH-304 Ka Naam Tong Building.

SPECIAL ROUND - TRIP SUMMER FARES. From Hong Kong to Shanghai and return .-H.K. $120.00 From Hong Kong to Kobe and Retara......H.K. $210.00 H.K. $235.00 -From Hong Kong to Yokohama and Return ..

Round-trip Tickets at the above rates will be sold until September, 21st, and will be valid for return, passage up to Three months from date of issue.

American Mail Line

and

Dollar Steamship Line

THE KWONG HIP LUNG CO., LTD.

ENGINEERS. and SHIPBUILDERS, BOILER MAKERS, BRASS and IRON FOUNDERS. Al work done in this establishment ́fa`guaranteed; We have over thirty years' experience. We own two Slipwaya and ero accommodate any exaft of 200 feet long.

Town Ofice: 64, Connaught Road Central, Hong Kong. Tel, Central No. 45%

Tel Kowloon No. Shipyard: Sham-Sel-Pa, Kowloon, Hong Kong.

Estimates furnished on application.

Hong Kong, April 1, 1924.

THE HONGKONG & WHAMPOA DOCK CO., LTD.

HONGKONG.

TELEGRAPHIC ADDRESS: “MANIFESTO Codes Used: A1, A,B.C. Fifth Edition; Engineering: First and Second Edition; Western Union and Watkins.

DOCK OWNERS, SHIP BUILDERS, MARINE AND LAND ENGINEERS,

MAKERS, IRON AND BRASS FOUNDERS, FORGE MASTERS, ELECTRICIANS.

ingle Screw Steel.

for Philipaine

MDYER, B

Motor Vessel, P. ABOITIZ," Ballt to the order of Mesara.

MINA Kowloon Dock, Hong

BOILER