1903-06-18 — Page 5

Page

WM. POWELL, LD.

GENTLEMEN'S OUTFITTERS.

28, QUEEN'S ROAD.

THE NEWEST AND BEST OF

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FAMED FOR SUN HELMETS.

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THE HONGKONG DAILY PRESS THURSDAY, JUNE 18тm 1903--

FACTS.

Those of us who bolleys in the industrial fature of this country and have steadfastly refused to be carried away by the accessive wares of pessimism which have flooded the English Press in recent years are reaping, our reward. The "Made in Germany" seare was

1ping under formign flags. All this means an addition to English trade, an addition which is of the nature of an export but which does not figure in the returns. - German shipping stands second in the world na regards notual tonnage, but it is for in the rear of English shipping,

Posh enquiry a little further and you get another test to which to submit the "Made in

TWO MORE DAYS,

TO-MORROW AND SATURDAY,

Germany" and "American Invasion" talk. THE END OF A GREAT OFFER.

Of British exporte no less than 80 por cent.

Loo fanciful to deceive any sane interpreter of facts and Agures. Of course the sane inter

consiste of manufactured articles pretation of facts and @gures is the last pursuit

The first announcement of "The Times" is a useful and instructive work, that its of the sensational journalist, but the scare had This proportion. ia mampproached by any its day, and for sequel there is the fact that other nation. Germany follows Britain with offer in China of the Tenth Edition of the scholarship is unquestioned, and that of all German trade has only now recovered from the an export of manufactured articles having Encyclopedia Britanniós at London prices, books of reference, and of all books affording lowest depth touched in u quarter of a century a comparative valgo of 644 per cent, which are one-half of the Catalogue prices, wat opportunity for general wading and windy, this Mr. Pierpont Morgan and bis inflated fluser while the United States percentage is only 26, published some weeks ago. Unusual efforts one ena be the least dispensed with. on a strict commission basis But the coffin. Thus, in Mr. Warren's words, "England's bare been made to direct public attention to In bringing the Encyclopaedia to China, and makers of British industry once again in industrial position is unique; it is the workshop activity. "The American Invasion" was the of the world, and its people may be more truly an opportunity which is without precedent in making so easy its acquisition by persons cry of the moment, and Britain was bidden termed a nation of manufacturers than a nation in this part of the world. If the Easyclopedia who would not, with other demands upon their prepare for her end, With some "The of shopkeepers." And this is es true to-day us it Britannias were not all that has been claimed purss, care to pay for it in a lump sum, "Thə American Invasion" is still the ery, and only was a quarter of a contury ago. Other work for it, if it were not the best and only Times" has done everything that can be done this week the chosen apostle of Triumphant shops have come into the competition, and comprehensive referenso work of its class, to favour the subscriber. The work will, it is Democracy has abed sympathetic tears over our especially has the United States workshop if it were in any roepect unworthy of the ture, be sold for many years to come, but in the så fate. Britain, Mr. Andrew Carnegie tells shown progress. We may note the fact praise bestowed upon it day by day by the naturo of things it can never be sold in China. the world, is already a back number; it is without jealousy and without dismay, for writer of those aunouncements, no amount of so cheaply as it is to-day, and until Saturday- useless to resist the onrush of American our progress has also been great and one newspaper publicity in respoot of this offer The time has come when this exceedingly dominance, but we shall be--Mr. Carnegie is position remains pre-eminent. Locking, more

would induce people to accept it. Nor would favourable offer must be withdrawn, and it FRONTIER MIXTURE. magnauinous even in his prophecies the dear over, at the British Empire we see that

The Times" have been able to find acceptance remains for those who desire to buy the book to old Motherland of the great coming Englieb. whereas the combined population of the

for its offer, at home and in other parts of the decide whether they prefer to boy it now, at the apeaking confederation which will bave its British Colonies and the Motherland contre in the United States." "All the fat 10,800,000 less than that of the United States English-speaking world, to the extent of 45,000 minimum price, or to buy it at a higher prios, But the after the offer has been withdrawn, and the is to be for the States, the bones for us," said our combined commerce is vastly greate:. It is subscriptions for the Ninth Edition. the interviewer. Better reconcile yourself to of the value of 1,398 millions sterling, while fact is that everybody knows tho. Encyclopedia prices advanced. your destiny," the man of many millions that of the United States is 498 millions repked. We will; and that our reconciliation sterling.

And this memorement of trade by population to our destiny may be the more complete let us ses once again upon what flimsy generalisations leads up to Mr. Warren's last and most crashing Mr. Carnegie and bis assistant pessimiste in analysis. He compares the trade of the nations the British Press base their preaching of woe.man for man for the past quarter of a century. The times in truth are out of joint for and this is the result:

bad the pessimism. Only last week, we spectacle of all Europe and America rushing to subscribe for a three per cout. British loan e that a demand for 30 millions at three per cont. interest brought applications amounting in all to 1,170 millions; thus does. Britain's credit. stand immeasurably above that cof any of her industrial rivals. But Mr. Carnegie's mind is at this moment far above the level of the money markets. He is soaring in the beights of a cosmopolitan philanthropy which is really nothing more or less than a fresh device to enslavo the workman and make more millions for the millionaire.

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AVERAGE OF TOTAL TRADE PER HEAD OF POTULATION. 1934 1885-0 1894 1893-1000 4 x i£ s. d. £ s. d. £. d.

United Kingdom. 8 6 14 17 to 13 102 16 31

France.

1875-0

£ x. d.

1310 4 10

8 1 &

8140

7 1

118 8

1 719 4 839 Gormany

8 1 1

6 16 1) 0 14 11 7 411 United States. G 1 & 5 0 9 5 10 11 4 3 2 Face to face with this analysis, where, one may ask confidently, are the signs of rot in British trade? Both our imports and exports per hond of population are to-day practically double those of any other nation. The United States standa to-day as it stood twenty-firs years ago, at the bottom of the list. Free rade has, wearo asacred. killed our industries and på scad us under the heel of the American and the Gorgion; yet Free-trade Britain still does twice as much external trade per head of population as either France or Germany, while the United States doea still If less than one-third of what we do. this in driving Britain out of the industrial field, may we have much more of the same kind of compulsion. If this is the kind of desay that Free-trade engenders, let us become more decadent still. Of course the United States is bound to march ahead industrially, and no one who believes in the futars of the English- speaking raes would wish it otherwise. We have no monopoly of prosperity and desire nane.especially for subscribers in China, But an progress is worth talking about which is not based upon facts, and the figures of the past decade prove beyond all question that nine-tenths of the talk which has been dinned

THE REVOLVING BOOKCASE,

It is a prima necessity of its very existence that the Tenth Edition of the Encyclopedia Britannica should be a work of ample proportions, a great library in itself. This means shelf- root, and shelf-room is not always available., Dut the especially constructed revolving bookcase of quartered oak minimizes the space occupied, and the volumes arrange themselves in it so that they can easily be reached. A limited number of revolving cason has been scat from London

TO POSSESSORS OF THE NINTH EDITION.

Those who already possess the 24 volumes of the Ninth Edition (the Authentic A & G.

Let as, then, leave Mr. Carnegie and his predictions and turn to the facts, In the May issue of the Contemporary Review appears a straightforward analysis of the trade of the foor great nations of the world, and any one who can follow this analysis and still beliers in the decadence of British commerce, believe indeed that Britain's position as the first trading nation of the world is in serious jeopardy, may be safely neglected as a trifler Mr. with facts. The first conclusion of Warren, the Contemporary reviewer, on a careful analysis of the official figures for the past quarter of a century is that fuctations of trade are cosmopolitan rather than national. The years 1883 and 1890 were very good years for us; the years 1385 aud 1894 were bad ones. They were much the same-good and bad respectively-for Germany, France, and the United States. Tende is moved by world- reaching influences. And what at the end of a into our ears by the pessimists and the Black Edinburgh Edition) can be supplied with the Supplementary volumes, 11 in number.

blow-hards ZA shear quarter of a century? In plain English, American Britain holds as predominant a commersial and rhodomontade, position in the world as ever she did; so pre-and again during the dominunt, indeed, that Germany still staude a and we repeat. it now. poor second, the United States a still poorer in the happenings of the leat quarter of third, and Franco fourth. England's premier century to auggest a belief that British trade position kes bever been menaced seriously.'' is in peril. There is, is truth, plenty to show Mr. Warren carries us further in a series of healthy and vigorous development, a capacity diagrams of the import and export trades to keep pace with the trade of the best of our during the same period, 1876-1901. As regards rivals, and a capacity to do so without the xid the hoport trade, the immense superiority of of pretective tariffa and State bounties and the United Kingdom is most manifest: The Carnegio philanthropies, but by individual

|of good and honest work.--Outlook. value of British imports shows on unparalleled effort and quiet belief in the ultimate victory advance, and this increasing value progresses unmistakably. Britain is still an easy first Germany a poor second, Francs third, and the United States a very poor fourth. Tarning to the export trada, we see a decided improve. ment in the American position to-day se com- "The pared with twenty-five years ago.

they are American

18

rubbish at 40 per cent, discount if they subscribe now. A limited number of copies of the Supplemant We have said so again her bean shipped from Londen for distribution in China. Prices, Order Forms and Prospectuses

past dve years, may be obtained on application to Kelly and Walsh, Limited.

There is nothing

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2594-2

THE “ENCYCLOPÆDIA BRITANNICA”

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United States has made rapid strides, and from Western Division of the City of Victoris a position of intimate rivalry with France and have not had their premises LIME- WASKED and CLEANSED, in accordance Germany has entered into keen competition with Law are reminded that the period during with the United Kingdom. From the lowest which this work should be finished ands on the position in 1976 it attained the highest in 1998, BOT day of JUNE, 1903; and the Savitary and fell to the second in the following year. Board being convinced of the necessity of eleanliness in its efforts to STAMP OUT Germany has made good progress; but France, PLAGUE is determined to RIGOROUSLY from the second position in 1876, has been left PROSECUTE any owner in default after the in the rear," thongl. as the British Com- above named date.

moroial Agent at Chicago reports, when these American figures, are analysed. not so satisfactory from the

at first manufacturers' point of view sight they appear to be." Mr. Warren has a sound explanation for this seeming supremacy of the United States in exports. [1600 We occupy an unique position as the world's commission agent, carrier, and banker, and the value of our "invisible" exports is enormous. Our abipping, hanking, commissions, invest- ments, &c. yield immense profits which have to be paid in goods; it is this which brings about the preponderungs of the imports of merchandise. Oor srcantile marins bas

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[1672-4