1937-04-12 — 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 am. Apr. 20 Pres. Taft............8.00 sm. Apr. 21 Pres. Hoover Noon May 1 Pres. Lincoln ...8.00a.m. May 19 Fres. Coolidge. Noon June 3 Pres. Wilson ..9.00 a.m. June 16

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

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

TO SEATTLE, VICTORIA "THE EXPRESS ROUTE”

Via Shanghái; Kobe and Yokohama

Pres. Jefferson Pres. McKinley Pres. Grant

Midnight Apr. 23 Midnight May 7 Midnight May 21 Pres. Jackson Midnight June 4 Pres. Jefferson Midnight June 18

TO-MANILA THE MOST FREQUENT SERVICE

NEXT SAILINGS

Pres. Coolidge Pres. Harrison Pres. Taft Pres. Jefferson Pres. Hoover Pres. Polk

.,6.00 a.m. Apr. 13

Noon

Apr. 13 Midnight Apr. 13 | 6:00 p.m. Apr. 17 ..9.00 p.m. Apr. 23

.8.00 p.m. Apt. 25 |

BOLLAR STRANSHIP LINES AMERICAN MAIL LINK

BAILWAY

O DAYS

10 DAYS

DAYS

GoEMPRESS to America, Europe

Van- Honolulu conver

Victoria Leave Arrive

THE CHINA MAIL, APRIL

12,

1937.

BRITISH CAR INDUSTRY'S

OUTLOOK

high. Quite

the motor in- closely interested

The British motor industry had a record year in 1986. The output of private cars for the year ending Sep tember 30 showed an increase of 13.5

New Sydney Plant per cent. over the previous year and that of commercial vehicles one of 16,7

teresting indication of a pro- per cent. The fact that an increasing bable future trend is the establishment section of the population has, had a by one of the large producing and ex- larger surplus of income-over the bare porting organisations of an assembly necessities of life, owing to the fact plant with a capacity of about 7,000 that prices and the cost of living fell cars a year at Sydney. This step com

the during the slump much more steeply plies with the declared policy of than wages, has contributed largely to Australian Government, and it is pos- this expansion of sales.

sible that British motor manufacturers Although the fact that the economic may have to rely for their future pro- circumstances on which the expansion fits from overseas sales more an remit- was based no longer hold, at any rate tances from overseas assembly and to anything like the same extent as producing companies, than on exports three years ago, may possibly begin to of complete cars from this country. check the rapid rate of expansion, it is Many of the leading British motor unlikely to cause any substantial con-manufacturers announced · substantial traction in the annual sales of the in- increases in productive capacity during dustry, since when once a household 1936, and it is to be hoped that the has achieved the ownership of a car, British motor industry will never,.. it is only with the greatest reluctance even in the next slump, be faced with that it is abandoned.

a serious redundancy problem. Engineering.

No Rising Tendency

The industry is, moreover, likely to have to rely increasingly on replace- ment as opposed to new demand for its sales in the future, as the number of potential car owning families, es-f timated from an examination of in- come groups, becomes reduced with!

LOCAL SHARE MARKET

Following is the list of changes

increasing sales to families in the low- and enquiries in local share quota-- Fer income groups.

In spite of an upward tendency in the case of most of the raw materials of motor-ear manufacture in 1936.

metals, iron, steel, most non-ferrous rubber, &c.-which is likely to be con- tinued in the current year, motor-car prices have, on the whole, not yet shown any marked tendency to rise. The continuous price reductions which contributed so largely to the expansion cf sales to families in the lower in- come groups have, however, been checked, and in the absence of further large economies in manufacture, somé general rise in prices seems likely in the near future.

Employment figures are only available for the motor vehicle, cycle and aircraft industries as 2 whole. These are given in Table 1. This group of industries has continued to attract large numbers of new workers, and at the beginning of July, 1938, the number of insured workers was 15.7 per cent. above the previous year.

Aircraft Expansion

tions - this morning:

BANKS Hong Kong Bank $1860, b. Bank of East Asia. $384

INSURANCES

Union Ins $630 b. China Underwriters $1.60 b.

SHIPPING

DOCKS, WHARVES, GODOWNS,. ETC. H. K. and W. Docks $30 b. Providents (Old) $2.15 b.

MINING

LANDS, HOTELS & BLDGS. H. K. and S. Hotels $7.65 b., $74.9- H. K: Lands $864 s.. $36 sa. H. K. Realties $5% b... Telephones (New). $12.80 sa.

PUBLIC UTILITIES H. K. Tramways $15. b., $15.10 sa.- Peak Trams (Old) $44 b. Peak Trams (New) $1 b. Star Ferries $87 s...

INDUSTRIALS Cements $15.40. b. H. K. Ropes $5% b

STORES, &C= -Dairy Farms: $25 b.

Watsons

13 $5.80 8 Sinceres $3.05 b.

HL K. Electrics $601⁄21⁄2 s. Sandakan Lights $11. There is little doubt that the expan-Telephones (Old) $80 b. sion of the aircraft industry has beenTelephones (New) $12.40 one of the main factors responsible for this. The index of employment_reach- ed the remarkable figure of 177.5ön the basis of 1923 100, and the actual number of unemployed, though in ex cess of the 1929 figure, when the num- ber of insured workers was much smaller, reached the low percentage of 6.0. It can be seen from "the Census figures (which are, however, not on an identical basis with those of the Min- istry of Labour) that

COTTON MILLS S'hai Cottons (Old) Sh.$120 b. S'hai Cottons (New) Sh.$93 b.

MISCELLANEOUS · Constructiens. (New) 45. cts. b.

Opening B. L.

A significant change in 1936 was the downward trend în imports, which con- 4sist largely of the higher horse-power]

The increased popu- Antamoks May 17 American cars.

larity of the large car, which started Atoks May 28 June 2 in 1934 as a result of the reduction in Baguio Gold

the horse-power tax was, until 1936, Balatoc Mining June 12 June 18

to a considerable extent met by a ra-Benguet Consol. of imports. British Benguet Explor June 24 June 29 pid expansion

manufacturers have, however, been Big Wedge July 12 paying more attention to the produc- Coco Grove

tion of larger models of the American Consolidated Mines type, and appear to be securing an in- Demonstrations

E. Mindanao. creased share in the demand.

Sentiment And Sales.

Ipo Gold How far the decrease in imports may 1 x. L. be attributed to the advertising cam-

Itogons paign of the British manufacturers directly aimed against foreign cars, it Masbate Consol. Min. Resources is difficult to say. Criticisms of this

Northern Mining campaign among the general public Paracale Gumaus have been very common, even among Salacot Mining people who have a strong preference

San Mauricio for British goods, "other things being Sayoc Consol. equal," but who hold that British United Paaracales manufacturers should not rely for their sales on sentiment only.

Hong Empress Kong

Kobe

of

Leave

Japan April 16

Asia

April 30 Canada. May 14

Russia May 28 May 30 June 1 Japan June 11 June 13

Shang- Naga-

hai

saki

Leave Arrive

Lea April 21 April 23 April 29 May April 18-

May 2 May 4 May 6 May

May

19 May 21 May 16

June June

5

June 16 June 18

Yoko-" hama

Leave

Russia

Japan

Asia ...... June 25 June 27 June 29 July 1 July · 3- Canada · Julý 9 July 11

July 14 July 16 July 23 July 28 Aug. 9 29 July 31- July 23 July 25 July 27 July

Ang. Aug.

11 Aug. 13

Aug. 24 6 Aug. 8

Air-conditioned sleeping, all Trans-continental trains

Comfortable.

Regular sailings from Canadian Atlantic ports Kingdom & Europe by Canadian Pacific Atlantic fleet.

Unite

Information from Passenge & Freight Offices.

Union. Building, Hong Kong

Aug. 19

observation and dining cars on

Cool Quiet

Clean-

Telephones: Passenger 20752-Freight 20042. Canton Agents, Jardine Matheson & Co., Ltd.

Canadian Pacific

Gumaus Gigan

10 a.m.

Sa

in Pesos.

C. C.

1.20

.3214

21%

13

11%

11

23

57

032

271

15

723

.76

1.15

.34

.27 .09. .56

.04%

1.95

.88%

67

11 UNIONS PLAN MERGER

In looking ahead at the future of the private car and commercial-vehicle| industries, it is difficult to see any A plan for reorganising 500,000 work- particular factor which contradicts the ers in the engineering industry intor current optimism, although the pro- one big trade union was discussed by bable effects of the general economic leading officials of 11 unions at a secret factors pointed out at the beginning meeting in York Members of "the of this survey should not be forgotten. General Council of the Trades Union

The heavy commitments taken on by Congress were present. the leading motor manufacturers in No vital decision was reached, but it respect of the "shadow-scheme" for is understood that views favourable to aircraft production may result in a amalgamation were expressed and that noticeable labour shortage, besides the delegates will report immediately putting a heavy burden on the man to their own organisations in favour agement. There is little doubt, how of a merger.

the

ever, that the leading firms took on The conference was called by these commitments largely out of pu- largest union the Amalgamated En- blic duty, rather than with an eye to gineering Union which itself wBS- profits, which, in view of the "manage-formed by a fusion of 10 other organi--

sations in 1920. ment fee" system adopted, are not