1932-05-30 — Page 10

10

P.&O.-British India Apcar and

Eastern & Australian Lines

AFFAIRS OF THE

P. AND O.

Heavy Inroads Made

on Reserves.

INDUSTRY'S BAD STATE

THE CHINA MAIL.

The belief that the directora of

CANADIAN PORTS

SURVEYED

An Administration Recommended.

HARBOUR COMMISSION

CONSIGNEES.

CONSIGNEES NOTICE.

THE BEN LINE STEAMERS, LIMITED.

From LEITH, MIDDLESBRO', ANTWERP, LONDON AND STRAITS.

The most exhaustive and author-The Steamship," the P. and O. Company will not payitative survey of Canadian ocean

has

"BENNEVIS”

an interim dividend on the deferred ports ever made has been completed CONSIGNEES of Cargo are hereby m stock should not, if justified, cause by Sir Alexander Gibbs, the well-formed that all Goods are being land- surprise to the holders. At the an-known British expert, who

ed at their risk, into the hazardous nual meeting of the Company in

and/or

extra hazardous Godowns of December last, Lord Inchcape, in reported his findings and recom- The Hong Kong & Kowloon Wharf & his speech, stated that the direc-mendations to Parliament in a docu-from the wharvea delivery may be ob

Godown Co., Ltd., whence and, or (COMPANIES incorporated in ENGLAND).tors' ability to propose the divi- ment of 150,000 words.

MAIL AND PASSENGER STEAMERS.

TAKING CARGO FOR

STRAITS, JAVA, BURMA, CEYLON, INDIA, PERSIAN GULF, WEST INDIES, MAURITIUS, EAST AND SOUTH AFRICA, AUSTRALASIA, INCLUDING NEW ZEALAND AND QUEENSLAND PORTS, AND RED SEA, EGYPT, CONSTANTINOPLE, GREECE, LEVANTINE PORTS, EUROPE, &c.

PENINSULAR & ORIENTAL FORTNIGHTLY DIRECT ROYAL MAIL STEAMERS. (Under Contract with H.M. Government.)

From

8.8.

Tons

Heng Kour About

1932.

*KIDDERPORE

RANCHI ***BANGALORE

NALDERA

KAISAR-I-HIND **BHUTAN

RAJPUTANA MANTUA 1*SOUDAN

RAWALPINDI BANPURA ***BURDWAN

MALWA

Destination.

5,300 1st June

4 p.m. 17,000 4th June Bombay, Marseilles & London.

6,500 11th June Bombay, Marseilles, London, Havre H'burg, Eterdam, Antwerp & Hull 18,000 18th June Bombay, Marseilles & London. 12,000 2nd July Bombay, Marseilles & London.

6,000 9th July Bombay,

Straits, Colombo & Bombay.

11,000 90th July

17,000 16th July

tained.

dend of 6 per cent., free of income-

No claims will be admitted after the Sir Alexander and his staff tax, was partly due to the surplus

of Goods have left the Godowns, and all earnings of the P. and O. steamers, assistants devoted three months to Goods remaining undelivered after the 2nd June, 1982, will be subject to rent. but mainly to dividends from out-a study of conditions in the har

All claims against the steamer must side investments, and to "help from bours of Halifax, Saint John, Quebe presented to the Undersigned on er some of their allies." Practically bec and Montreal, on the Atlantic will not be recognised.

before the 16th June, 1932, or they all shipping Companies have for

All broken, chafed, some years found it impossible to and St. Lawrence River, and Var-|

and damaged earn sufficient to provide for de-couver, on the Pacific. He recom-Goods are to be left in the Godowns they will be examined on the where preciation, with the result that the mends strongly a complete scrap- 1st June, 1932, at 10 a.m., by Messrs. directors, in order to pay a divi- ping of the present system of ad-Goddard & Douglas. dend, have had to make transfers ministration, which is by local To comply with the General Bond-| from the funds of such subsidiaries harbour commissions appointed by ed Warehouse Regulations consignees must have a Revenue Officer in at as can afford it, or from reserves. the Federal Government, and in tendance

when damaged dutiable

| There is, of course, a limit to this, their place would set up a central goods are examined.

been reached and shareholders can- which there would be a manager d and in several cases the limit has Harbour Board in Ottawa, under No Fire Insurance has bead effect- Bills of Lading will be countersign- not expect that prudent directors in each port. Such a step, he

ed by, will recommend dividends withholds, would be in the direction of

GIBB, LIVINGSTON & CO. LTD. Agents. the future so obscure as it is, says economy, efficient administration, "Fairplay".

and uniform development of Cana- Hong Kong, 26th May, 1982. dian ports as inherent and vital units In a national transportation | plan.

34 London,

Havre, themselves bound after the Armis. (mittes named by the province and?,

Awerp & Hull.

& London. Marseilles & London.

6,800 6th Aug. Bombay, Marseilles, London, Hayre

17,000 27th Aug.

0,500

3rd Sept.

11,000 10th Sept.

Marseilles & London.

Marseilles, London, Havre, Hamburg,

Rotterdam, Antwerp & Hull.. Bombay, Marseilles & London.

* Cargo only. † Calls Casablanca. Calla Djibouti.

Frequent connection from Port Said for Passengers and Cargo to Con- stantinople, Pireaus, Smyrna and other Levant Porta by staammers of the Khedival Mail Steamship Co.

ja

THE SMALL STEAMER

Progress of the Oil Engine

The subject of the economics of

It has been stated that shipping Companies made huge profits out of the war. As a matter of fact, those owners who sold out, invested The Central Board, as Sir for proceeds in gilt-edged securities Alexander sees it, should have a and retired, made money. But those personnel of three: a controller of who continued in business and finance, a director of port engineer- maintained their fleets are to-day in ing and a director of port opera a worse position than if there had tion. This body would report to the operation of small ships for been conflict. This applies Parliament through the Minister of coastal and short cross-Channel especially to the F. and O. Com-Marine.

Each local manager would voyages has not received the atten- pany, the directors of which felt

be assisted by an advisory com- tion which has been devoted to the tice to replace tonnage lost as

municipality in which his harbour problem in its relation to bigger

vessels. The situated and sundry public Brown read before the Institution of consequence of the war, at prices bodies. Sir Alexander would write Naval Architects is one of the moat paper which Mr. which to-day look absurd. The yes of most of the capital expenditure interesting and, at the present junc- H'burg, 'terdam, Antwerp à Full, sela acquired, or built, depreciat of the harbours, which is in the ture, most timely contributions to ed at a rapid rate, and, to meet this form of advances from the Federal the literature of small craft that 17,000 18th Aug.salles & London.

abnormal depreciation, heavy in- roada had to be made on reserves treasury, since it is obvious that have been provided. It has general- which would now be very useful. they cannot be repaid from receipts, ly been conceded that for the type For instance, it was reported that Deep-sea ports, he points out, are of craft in question, requiring on four expensive vessels contract precluded "from being measured machinery of from 150 h.p. to 800 ed for in 1919 on "time and lime,"

solely by the ordinary criteria of h.p., the oil engine has practically the directors wrote off 50 per cent.

business and economics." of the cost out of reserves when

The Importance of the report, tence so far as vessels built on the driven steam machinery out of exis- they were delivered to the Com- and the magnitude of the issues Continent are concerned. pany. At the annual meeting of with which it deals, will make it the Company in December, 1929, possible for the Government to been very much slower, and the In this country the progress has Lord Inchcape, after writing implement it by legislation at the view usually accepted is that the £23,000,000 over and above the 4 present session. It is fully expect cheapness and the availability of per cent. per annum allowed by the ed, however, that next session will coal are the underlying causes for Income-tax Commissioners, estimatsce instituted, on the basis of this difference between the British ed the realisable value of the de- this document, a complete re-and ferred and preferred stock

Continental position. Mr. organisation of a harbour systems Brown, however, with a very spe £7,632,618

which has developed without decial experience of small craft, ip-| something like

nite plan and now largely is ob-parently comes to the conclusion that in practically all instances oil engines Bre preferable. There seems little doubt that the than the nominal value, and the fact

struction of suitable machinery will that assets worth this immensel

provide a very useful outlet for the sum cannot earn sufficient. profit,

As a result of the incessant rain-engine builder in the next few after allowing for depreciation, to fall since the 4th, the waters of the years, since there is a great deal 000 of shares, indicates very clear- each day. It is learnt that the duction of coastal vessels and ly the serious state of the shipping Wutal dyke' ls in danger and the similar craft owing to the fact that industry as a result of the falling people living in its vicinity are very few orders for such craft have off of exports in the trade in which urgently petitioning the authorities recently been placed. The Motor Manila, Rabaul, Brisbane, Sydney & the Company's vessels are engaged. for flood preventive measures. Ship.

BRITISH INDIA-APCAR SAILINGS.

1932.

TALMA SANTHIA TAKADA

10,000 18th Jung 8,000 25th June 7,000 11th July

Singapore, Penang & Calcutta.

£20,000,000, which would represent

about £29,000,000 for the deferred stock of $4,592,518. The market

B.I. Apcar Line steamers have excellent accommodation for price of this stock to-day is less 1st and 2nd class passengers.

solete.

YANGTSZE WATERS RISE

Hankow, May 8.

con.

EASTERN & AUSTRALIAN SAILINGS (South). pay an interim dividend on 24,600.- Yangtze River is rising higher of leeway to be made in the pro-

TANDA

NANKIN NELLORE

7,000

1932. 3rd June

7,000 7,000

11.01. 2nd July 30th July

Melbourne.

Regular monthly sailings trom Hong Kong to Shanghai and Japán

and Hong. Korg to Austraila.

Hong Kong to Sydney-19 days.

Froquant connections from Australia with the following:-

The Union 8.8. Company's steamers to the United Kingdom vis. Naw

Kealand, Vancouver, San Francisco, etc.

The P. & O. Royal Mall Steamers to London and

The P. & O. Branch Service of steamers to London via Bas

The New Zealand Shipping Company's stastiere for Southampton and London via Panama Canal.

SAILINGS TO SHANGHAI & JAPAN.

Cheap Summer Trips to Japan - June to Sept.

THE HONGKONG & WHAMPOA DOCK CO., LTD., HEAD OFFICE AND WORKS:

"MANIFESTO, HONG KONG- KOWLOON, HONG KONGONG KONG OFFICE BR

KOWLOON DOCK, $8951. DOCK OWNERS, SHÍP, DESIGNERS AND BUILDERS, MARINE AND LAND ENGINEERS, ` BOILER MAKERS, IRON, STEEL, AND BRASS FOUNDERS,

FORGE MASTERS, WELDERS AND ELECTRICIANS.

Harbour

Call Flags

י.

MONDAY, MAY 30, 1932.

LINER

PRESIDENT

SAILING S

Weekly Sailings Transpacific

TO SAN FRANCISCO, LOS

TO SEATTLE

ANGELES & NEW YORK

via PANAMA.

and VICTORIA.

Fortnightly, sailings on Tuesdays. Fortnightly sailings on Saturdays.

Free. Lincoln June 7, 10 a.m. Pres. Cleveland Prea, Coolidge Pres. Wilson

June 11

June 25 July 9

June 21 Pres. .Taft July & Pree, Jefferson ROUND TRIP FARES TO EUROPE & AMERICA.

Special through rates to Europe via United States. Direct connections with all Atlantic lines. Choice of rail lines across United States and Canada, liberal stop-over privi- leges for sight-seeing. Full particulars upon application.

Fortnightly via Svez to Europe & America

Fortnightly Bailinge on Sundays via Manila. Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Genos. Marseilles, New York and Boston.

Pres. Garfield Pres. Polk

á.m. ....Sun., June IZ Pres. Adama han. .Sun., June 25 Pres. Harrison

TO MANILA

$ 1.

Sun, July 10

July 24

Next Sailing, Pres. Lincoln May 31, 6

Pres. Cleveland Pres. Garfield

.....June 4 Pres. Coolidge.

June 12 Prea, Taft

p.m.

June 14

.June 18

CONNECTING WITH S.S. MAYON TO CEBU, ILOILO, ZAMBOANGA.

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

CANTON BRANCH-No. 4. Shakee Street.

SEXTER

"BARBER WILHELMSEN

LINE

THE PREMIER ALL WATER ROUTE TO NEW YORK and other U.S. Atlantic Ports via Panama.

All vessels call at SAN FRANCISCO and LOS ANGELES en route.

Passengers desiring to travel by this interesting route will find the accommodation provided 'well up to their expectations, and at a cost, most reasonable.

42 Days To New York.

For Passenger and Freight information please applyzin

DODWELL & CO., LTD.

Queen's: Buildings.

Telephone 28031.

*MIRZAPORE

6,700 80th May Shanghai, Moji & Kobu. SANTHIA

8,000 2nd June Amoy, Bhai, Moji, Kobe Osaka. KAYSAR-I-HIND 12,000 2nd June Shanghai, Holl, Lobe Tokohama. 7,000 6th Jens Bhai, Mof, Lobe, Osnica & Z'hama. 7,000 18th June Amoy, Mail, Kobs Yokohama. 17.000 16th Ime Shanghal, Kobe & Tokokama. 20

6,800 2812 Juz Shinghal Kooya Tokohama.

Amoy, S'hal, Moj, Kobe & Quaka.

↑NANKIN

RAJPUTANA

TAKADA

*SQUDAN

SIRDHANA

8,000 80th June

• Cargo. only. † Calle Nagoya,

All dates are opprecimate and subject to alteration without notice.

All Cabins are fitted with Electric Fans or Ponka Lowza BysĪBU.

P&

Oficà up to Noofi-ón

ft. will be recafred

CO

Cant

EMPRESS OF JAPAN.

· Ekipwrij

WEST COAST RUN.

Lipis Replaces Rakman - und Mahidol

Kuantan, May 14

HONG KONG TIDES,

May 30 to Jund 5, 1982,

The time need in Standard, or mÁRN time of the meridian of 120 de L |00%, is midnight, Hähra, la noon. The heights are referred to the datama, et the largest scale (Adimiralty Mehmeti me the place and should be added to the Two of the Straits Steamship | depths givent on the chart misas, p Company's boats, the Mahidol an loaded by an asterisk (WY) when ther Rahman have been running on the should be subtracted from the depths. West Coast between Singapore and Kuantan for the last four years and everyone has become accustomed to seeing them come info Kuantan ence every Friday and Monday, "dd

Now that several of the large es tates in Pahang have had to be closed down, the imports-and- éx- ports of the country have, so badly lessened as to warrant the Compray withdrawing these two bosta this run and replacing: them, with the-Lipis, which will chic fillance

Data

Standard Et Standard I.

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