1937-04-07 — Page 16

PRESIDENT LINERS

are

LUXURY LINERS

Famed for a Splendid Cuisine

TO SAN FRANCISCO

· LOS ANGELES, NEW YORK, AND BOSTON

Via Shanghai, Kobe, Yokohama and Honolulu Pres. Coolidge 10.00 a.m. Apr. 18 Pres. Taft .....8.00 a.m. Apr. 21 Pres. Hoover ..Noon May 1 Pres. Lincoln ...8.00 a.m. May 19 June 3 Pres. Coolidge Noon Pres. Wilson ..9.00 am. June 16

YORK AND EUROPE, NEW BOSTON Via Manila, Singapore, Colombo, Bombay, Suez, Port Said, Naples, Genoa and . Marseilles

Pres. Harrison .8.00 a.m. Apr. 13. Pres. Polk ..8.00 a.m. Apr. 25 Pres. Pierce.... 8.00 a.m. May 9 Pres. Van Buren 8.00 a.m. May 23 Pres. Garfield ..8.00 a.m. June 6 Pres. Hayes ..8,00 a.m., June 20

TO SEATTLE, VICTORIA THE EXPRESS ROUTE”

Shanghai, Kobe and

Yokohama

“Midnight Apr. 10 Pres, Jackson Pres. Jefferson Midnight Apr. 23 Pres. McKinley · Midnight May 7 Midnight May 21 Pres. Grant

4 Pres. Jackson ..Midnight June Pres. Jefferson Midnight June 18

TO MANILA THE MOST FREQUENT SERVICE

NEXT SAILINGS

Pres. Coolidge .9.00 p.m. Apr. 11 Pres. Harrison .8.00 am. Apr, 13 Pres. Taft....6.00 p.m. Apr. 14 Jefferson 6.08 p.m. Apr. 17 Pres.

2.9.00 p.m. Apr. 23 Prés, Hoover

.8.00 p.m. Apr. 25 Pres. Polk

BOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

CANADIAN PACIFIC

WORLD'S · GREATEST · TRAVEL · SYSTEM

EMPRESS OF JAPAN

FOR VANCOUVER via SHANGHAI, JAPAN & HONOLULU

at NOON

FRIDAY, APRIL 16th

EMPRESS OF ASIA

SAILS FOR VANCOUVER via SHANGHAI & JAPAN

AT NOON

い

FRIDAY, APRIL 30th

For Information Apply To Your Own Agent Or

Canadian Pacific

NS THE WORLD

Tel. 20752

THE CHINA MAIL, APRIL 7, 1937.

WASHINGTON PARLEY

ON TEXTILES

LABOUR OFFICE REPORT BASIS FOR DISCUSSIONS

The International Labour Office has the reconstruction of the textile indus- sent to the various Governments a re-try.

籍

From the economic as well as from port which it has prepared to serve as

the the social point of view the problem basis of the discussions of Technical Tripartite Conference on the is the same: international co-operation common programme Textile Industry, which is now in pro- is required in a

which will promote the orderly de- gress at Washington.

The report states that this confer-velopment of the textile industry in ence_represents the first attempt by different countries and secure decent the International Labour Organisation living standards for the workers in the to review the general situation of a industry. The purpose of the Textile world-wide industry, in order to explore Conference at Washington, composed the possibility of improving its social of Government, employers' and work- standards. The terms of reference of ers' representatives, will be to lay the conference include the examination the foundations of this common pro- of all aspects of the textile industry|gramme. which may have a bearing directly or indirectly on the improvement of social conditions in that industry. Prepara~ have had to tory studies, therefore,

cover a particularly wide field.

Thus, the report deals with the scope and character of the textile industry, the source of the raw materials which it employs, the organisation of produc-

-LOCAL SHARE

MARKET

Following is the list of changes

tion of cotton, wool, silk, rayon, linen, and enquiries in local share quota- jute, the world trade in raw and manu- tions this morning: factured products, and examines recent changes in both the industrial and com- mercial fields.

Trade Barriers

coun-

Among the factors which have led to economic and social disequilibrium in the world textile industry, the LL.O. notes in the first place the diffusion of modern industrial technique to tries and districts once purely agricul- tural, and which now compete with the older industrialised countries. To this have been joined, during recent years;! restrictive trade policies, such as high tariffs, quotas and exchange control; the rapid advance of technological efficiency; and the drive toward nation- al self-sufficiency. Finally, the con- sequences of the world depression cur- tailed the rate of industrial activity.

fell That trade in textile products much more heavily during the depres- sion than the output of textile manu- factures is another "conclusion of the report. It also shows that, in the course of world recovery to date, trade in textile products has risen much less than output.

"Under Consumption"

Another point stressed by the report is that international competition in tex- tile manufactures is governed largely by differences in national levels of la- bour costs.

In discussing the question of over- production or under-consumption in its bearings on the world textile industry, to this the report draws attention' paradox: "Textile manufacturing may be described from the commercial point of view as an industry of over-produc- tion. From the social point of view, however, it may be characterised as an The industry of underconsumption.” solution of this paradox is said to lie "in measures and policies which would, the world over, enlarge real income and the purchasing power of the mass of the population."

BANKS

Hong Kong Bank $1865 b., $1870 Bank of East Asia $881⁄4

INSURANCES

Canton Ins. $320 b.

Union Ins. $637 b.

China Underwriters $1.55 b., $1.60

sa.

SHIPPING

Indo-Chinas (Def.) $50 b. Shells (Bearer) s/— X. Rts. s. Union: Waterboats $9.45 salt DOCKS, WHARVES, GODOWNS, ETC.

H. K. & K. Wharves $117 b. H.K. & W. Docks $30% b., 311⁄4 ±ge -*

31/30% sa.

Providents (Old) $2.20 b., $2.30 s. LANDS, HOTELS & BLDGS, H. & S. Hotels $7.65 b., $7% 38.

H. K. Lands $361⁄2 s., 361⁄2 sa, H. K. Realties $5.90 b... Humphreys $9 b.

PUBLIC UTILITIES

H. K. Tramways $15 b., $151⁄4 8.

$15/10 sa.

Peak Trams (Old) $41⁄4 b. Peak Trams (New) $1 b.

Star Ferries $881⁄2 S.

China Lights (Old) $14.90/80

H. K. Electries $60 b

Sandakan Lights $11. Telephones (Old) $301⁄4 s. Telephones (New $13/10 s.

“INDUSTRIALS- Canton Ices- $15.30 b., $15.30/35 sa STORES, &C. Sinceres $3.10 b., $3.05 sa.

COTTON MILLS Ewo Cottons Sh.$171⁄4 s., $17 sa. S'hai. Cottons (Old) Sh.$120 b. S'hai Cottons (New) Sh.893 b.

MISCELLANEOUS Entertainments $4% b.. Constructions (New) 45 cts. b. Marsmans Inv. (H.K.) s/- 8/- sa.

Saz

The textile industry, in most coun- tries, is characterised by lower average Antamoks wages for men and women workers Atoks than industry in general.

Baguio Gold

As to the hours of work," according Balatoc Mining to the report, the textile manufactur Benguet Consol. ing countries may be divided into three Benguet Explor. groups: the countries of Asia and the Big Wedge Far East, in which the normal working Coco Grove week exceeds 48 hours; most of the Consolidated M. countries of Western and Central Demonstrations Europe, with a normal working week E. Mindanao of about 48 hours; and the 40-hour Gumaus G’fleld. week group, which includes France, Ipo Gold Italy, New Zealand, the United States I.X.L.

Itogens and the U.S.S.R.

Co-operation Needed

Opening 10 a.m.

in Pesos

B. L. L

C..

1.26

.34

-24

1934

12%

.12%

.24

:58

.034!:

.82. .29%

.19

242

.84

1.15.

Masbate Consol

.86

.32

.09

:61

.05%

2.00 .39

In analysing the development of un-Min, Resources employment in the textile industry, the Northern Mining report attributes it largely to the world Paracale Gumaus depression; contributory causes being Salacot Mining changes in the international structure San Mauricio of the textile trade and technical pro-Suyoc Consol.

United Paracales gress. In ‹some countries, however, structural unemployment is of special importance.

The R.M.S."Empress of Asia"

The IL.O. cóncludes by atressing that some of the factors which made for confusion and disorder in the tax- tile industry between 1930 and 1984 left Vancouver for Hong Kong, via are being modified. Industrial reco-Japan ports and Shanghai, on April very has become world-wide, and the 8, is due at Hong Kong, on April 22 textile industry is having its share in and due to leave for Manila on the this revival. Recent monetary develop-

ments are tending to eliminate currency same day.

devaluations as an instrument of inter-

national competition, and some pro

The 8.8. "Kidderpore" left for this

gress is being made towards reducing port on April 2 and is due here on obstacles to international trade. These

facts should facilitate efforts towards April 7 at about noon.