1905-11-08 — Page 5

INSURANCES

TORTH BRITISH AND MERCAN-

TILE INSURANCE COMPANY.

TOTAL FUNDS AT 31ST DECEMERR, 1994. £17,101,299.

9

I. AUTHORISED Capital... £3,000,00

SUBSCRIBED Capital.... 2,750,000 PAID-UP CAPITALERI 687,500 0 0 II. Fine FONDS....... 3,001,200 12

The Undersigned, AGENTS for the above Company, are prepared to ACCEPT RISKS against FIRE at Current Kates.

SHEWAN, TOMES & CO... Aprenta.

(1567 Hongkong, 20th June, 1905. AACHEN AND MUNICH FIRE IN. SURANCE CO.

OF AIX-LA-CHAPELLE.

THE ENT cors Compan, ase HE Undorsigned, having been appointed prepared to ACCEPT RISKS against F at Current Raten.

REUTER, BROCKELMANN & CO.

Agente. Hongkong, 21st April, 1897

181

L'UNION OF PARIS FIRE INSURANCE COMPANY, LIMITED

THE Undersigned having been appointed AGENTS for the above Company are propared to accept Risks against Fire ut ourront rates.

SIEMSSEN & CO. Hongkong, let Jaunary, 1904

HONGKONG

BUSINESS DIRECTORY.

BOOKBINDING.

DAILY PRESS" OFFICE.

13

The only office in China having European taught workmen Equal to Home

work.

IRON MERCHANT~,

SINGON & CO.,

Iron, Steel, Matal and Hardware Morebuuts. Wholesale and Retail Ironmongera. Pig Iron and Foundry. Coko Importers, General Store- keepers and Commission Agents. 35 & 37, Hing Loong Stroot. (1st Street, West of Central

Market PHOTOGRAPHER

M. MUMEYA, JAPANнSE ARTIST.

Bromide and Crayon Enlargements and also colouring Photos and relief Photos Views of China and Manila, Work done for Amateure; 1o. 8A, Queen's

Rond Central,

STOREKEEPERS

BISMARCK & CO.,

Navy Contractors, Ship Chandiom, Provision and Coal Merchants, Sail. makers, &o. Fresh Water supplied to

Vessels in the Harbour

XONG SANG & ĐÔ,

Shipohandlers Sailmaker evimoners, Coal Merchouts, Hai Brajzosré Tools, Matal; Iron and Stes: Merchante 57' 58 & 59, Consaght Bead, Now

Prava Contra'

THE

BANKS

BANK OF TAIWAN LIMITEE

(INCORPORATED BY SPECIAL IMPERIAL CHARTER

CAPITAL SUBSCRIBED... Xon 5,000,000 CAPITAL PAID-UP

2,500,000

DE

HBAN OFFICE: TALPER, FORMOSA.

Amoy

Anping

Foochow Keolang

BRANCHES AND AGENCERS!

Kol

Nogasaki

Osaka

Shanghai

ון!

BANKS

THE HONGKONG DAILY PRESS, WEDNESDAY, NOVEMBER 8гæ, 1905.

HONGKONG SAVINGS BANK.

THE Buriness of the above Bank in oond is ted by the HONG KONG AND SHANG HAI BANKING CORPORATION. Rute may be obtained on application.

INTEREST on deposite is allowed at 31⁄2 PAR CERT. per annum.

Depositors may transfer at their opti balances of $100 or more to the HONGKONG AND SHANGHAI DANK to be placed or FIXE DEPOSIT at 4 PER CENT, per annum.

For the HosGXONG AND Shanghai

BANKING CORPORATION.

J. R. M. SMITH,

Chief Manager. ilengkong, let May, 1902

DEUTSCH-ASIATISCHE BANK.

AUTHORISED Capital........Shi, Trols 7,500,0%

HEAD OFFICE-SHANGHal. BOARD OF DIBMOTORS, BERLIN.

BRANCHED 1

Berlin,

Caloutts, Hankow. Peking. Tientsir, Tainaufs, Taingtau, Yokohams. Founded by the following Banks and Bankers:-

STAATSBANK) Berlin. DILECTION DEE DISCONTO

GESELLSCHAFT

KOENIGLICHE BERHANDLUNG (PREUSSISCHE

DEUTSCHE BANK

S. BLEICHROSDER BERLINER HANDELX-

GESELLSCHAFT

BANK FUEE HANDEL UND

INDUSTRIE

ROBERT WARSCHAUER & CO.

MENDELSSOHN & CO.

M. A. VON ROTHACHILD &

SOEHNE

Berlin.

Frankfurt/M

JACOB S. H. STEEN NORDDEUTSCHE BANKIN HAMBURG, Hamburg. SAL. OPPENHEIM, JE., & Co., Kosta. BAYERISCHE HYPOTHEKEN UND WECHSEL-

DANK, MUENCHE,

LONDON BANKERS

THE WORLD'S COTTON INDUSTRY.

no

Bush is the actual state of the worlds' cotton industry, state the exporta in conclusion, and the ascending productive movement is not yet fizhlal, Already in the near futuro, nearer perhaps than any imagine, the newly born in- Juntries of Morico, Brazil, and Pora, will grow into such importance that they will not be long in relieving Europe of the last of its markets,” SHIPPING COMPETITION IN THE FAR EAST.

Commercial Intelligence has pointed out again and again that the cotton industry of England is not only threatened by a probable shoringe of raw material, but by the competition of the United States. Its Paris correspondent writes:-I have just read a roport drawn up by 31 M. Perrin sud Apcel, two Franeh experts who wore sent out to the St. Louis Exhibition, had to say on the

(From the Feening Standard) which seems to form so good a sequel to all that Commercial Intelligence has

The war of armies and navies is over in the subject, that I make no apology for referring to it. Bont out specially to report on the position Far East, bat with the dawn of peace corses the the cotton industry of France ocupied at the St, herald of a new war war of commerce, in Louis Exhibition, MM. Perris aud Angel have which Britain will be bghting for her existence not confuel their observations to the special as a Power. Bat shell wo be found as ready for object of their mission, but have passed in review the fray, as well equipped, and as officient as the with minata attention all similar industries, island kingdom has proved herself? Thoss on watter to what country they may have belonged the spot have sore misgivings on the sabjoct.

We have read of the menimoth liner launched The report may, therefor, be said to give a bird's-eye view of the cotion industry of the in Germany and the other sea moustor, the whole world. MM. Perrin and Ancel darate riku, ale sailing nuder the Kaiser's flag. special attention to what I may call "the brokers which has bron completed at Belfast, while it ahead; that is, to the countries which, during is announced that Japan has asked for touders the last quarter of a century, have made such for eight stecmers to be built on the Clyde enormous strides in the manufacture of cotton These anncarcentoats are pregnant with the. tissues that they have, in some instance, gatest incaning to the British Empire. The disposed Old Europs of the monopoly is man in the street is largely ignomut of the manufacturers ones thought to be unassailable, huge-atrides made by the German mercantile The French experts, morarver, declare that the marine during the past few years and the stondy. of the Nordilsutscher manufacturers of Europe appear to be resigned rudentions avaneo to their fate, aul in support of their contention Lloyd and Hamburg-Amerika lines. Fustered obarrved that England--the resim of cotton by judicious bounties and enconraged by the was almost entirely absert from the St. Louis Kaiser hinseif, the hands of these great con- Exhibition. Thore is every reason toe cu are competing with Brities shipping all suppose," states the report, that the English, over the world, obtaining huge chices of the trade as practical men, thought it useless to make an in parts where the German flag was soliton soen, effort which would be without result, as the and oven cutting out the British flag altogether exportation of manufactured tissues and cotten in some places, It was no illo toast whon yarns hus for years shown a continuous deeline. the Kaiser said that the Fatars of Garminay lay They, therefore, have no inter insenting to on the water. A few years ago the British St. Louis products which year by year become public were horrified when the bitherto despised more difficult to sell." The experts conclude German bats obtained the blue ribbon of the from this that Lancashire has resigned Atlantic, and were content to point out that the largest, if not the swiftest, vessels wore herself to tho lots of the American market,

But recent events The

report also observes that Germany, owned in this country.

we are losing our although her general participation in the show that oven horo exhibition was so conflable, alag fare supeaner.

However, it is not with the Atlantio trudo perhaps for herself in the cutton section,

that this article deals, but with the ever-increas. the same reason as England." On the other hand," states the report, all the nations which ing volume of traffe which will grow enormous within the lust twenty years have thrown them now that Corrs and Manchuria are to be selves with so much intensity into the cotton opened up to commerce. There can be no doubt industry wore well represented, thus deraonstrat that China is on the verge of an awakening such as has been soldom seen in the history of the ing flat Ley are no longer dependent upon, but are ready to compete with, their old musters for sintific methods to discover wint in wanted, world, and unless our manufacturers adopt The world's favours. Among those new rivals the French experts gise the first place to the Japan, Amerier, and Germany will obtain the United States, where, if the entton industry is lion's share of the increasing trade, and, what is still inferior, as regards production, to that more, foreign bottoms will be employed to carry

the freight. of England, the manufacturers are superior an of their organisation; in regards the power addition to whick and this is the crux of the whole question being absolute masters of the raw material necessary for the cotton industry of the whole world, they are in a position to leave to others what they them welves do not require!" One of the most effective parts of the report refere to the preponderating role played by the machine in OKOHAMA SPECIE BANK United States a state of affairs which in the opinion of the French experts, places American manufacturers hora de pair will all their rivale. In America, states the report, "the ranchine is taking the place of the work-stablished for ever) have been acquired, until now perhaps the Norddeutscher Lloyd is the men. The weaver, who in France manages in rare instruures four mchines, generally manages lending passenger lino in the Far East. six, and

even eight at Fall River. The difference is even greater with the North

which seems reserved for articles of gest consumption, the number of such machines in actual se in the United States at the present moment exceeding $5,000. A rood American workman manages twenty of these machines, an ordinary workmen sixteen and se apprentice twatse. And these machines are being perfected and called into requisition more and more every day." MM. Ferrin ait has now to contend against three or four Ancel are of opinion that the consequeners of this undeniable superiority is shown in figures powerful competitora, more or loss supported which "confound the imagination," and which by their owa Governmenta leave no doubt whatever as to the "irresistible Caited States acquired the Philippines their Futuro" of the America cation imhastry, commerce has aude giant strides, and the Taking the last ten years onls, the report states British tenange trading with Manila is grad- that the consumption of raw eaten in the ally growing less Japan, too, has been slowly United States has increased 60 per cost., and obtaining a footing in these Far Eastern ports, So," and her competition will be felt more than ever the number of spindles 223 per cent. states the report, the great country has now the war is ever. Most of her best trading arrived at the third period of its normal VPS de have been employed by the Government development. After having been at first purely during the war, and they will revert to their agricultural, a condition which obliged it to proper function, while the chacters of foreign import from the Old World the manufactured vossals which have taken their places will be products of which it had need, it entered the cancelled, although for the next month or two accond stage, during which the national inftantes large zumbers of vessels will doubtless be succeeded in producing nearly everything required to carry the big army back to Japan. necessary for the nude of the population. As the Japan To-day it has made another step in

Mesura. N, M. ROTHSCHILD & SON; THE UNION OF LONDON AND SMITH'S BANK, LIMITED.

DauteOHE BANK (BBBLIN), LONDON AGROT DIRECTION DEE DISCONTO GEHALLSCHAFT.

INTEREST allowed on Current Account. DEPOSITS received on terms which may b learned on application. Every description o Banking and Exchange business transter,

HUGO SUTER,

Sub-Manager. Hongkong 9th September, 1905.

Y

THE

LIMITED.

182

Established 1980,

CAPITAL SUBSCRIBED... Yen 24,000,000 CAPITAL PAID-UP.........

18,000,000 CAPITAL UNCALLED GAME 6,000,000 RESERYE FUND

9,940,000

10

#

HEAD OFFICE➡ÝOKOKAMA.

Tokyo Osaka

London

BRANCHES AND AGENCIES.

San Francisco

Shanghai

Dalay

Port Artbor

Kabe

LYOBS

Honolulu Tientam

Nagasaki

New York. Bombay Newchwang Peking Mukden Chefoc Tie-ling

LONDON BANKERS, Tae LONDON JOINT BROOK BANK, LIMITEL PARR'S BANK, LIMITED.

THE UNION OF LONDON AND SMITHS HANE, LIMITED.

HÖNGKONG--INTEREST ADOWED.- On Current Account at the rate of 2 per cont per annum on the daily balanos. On fixed deposits for 12 months 51 per er aan

*

Taizan

Таткаі Tokio Yokohama

HONGKONG OFFICE :

4, QUEEN'S ROAD.

E

#

TAKEO TAKAMICHT,

Dianager.

Hongkong, 22nd May, 1905.

27

Interest allowed 61 Current Account. HONGKONG & SHANGHAI BANK.

Deposits recsi ved on terms which may be learn on application.

9. SHIGENAGA, Manager. floagkong, let. Novembar, 1904.

2478

ANKING

NTERNATIONAL BAN CORPORATION..

Fiscal Agenta of the United States in China the Philippine Islands and the Republic of Panama,

ÚAPITAL

AND SURPLUS

RESERVE FUND

***

AUTHORISED... ...Gold $10,000,000 CAPITAL PAIN UP... ...Gold $3,250,000 Gold $3,250,030 HEAD OFFICE: New York. LONDON OFFICE: Threadneedle House, E.C. Branches and Agents all over the World, LONDON BANKERS.

NATIONAL PROVINCIAL BANK OF ENGLAND, LIMITED,

UNION OF LONDON AND SMITH'S BANK, LIMITED,

BRITISH LINER COMPANY BANK The Corporation transacts every description of Banking and Exchange business, receive money in Unrrent Account and accepts Fixed Deposits at the following rates

For 12 months 44 por cont. per annum.

።

19

15

$3

#

3

9, Queen's Road, Central,

"H. PINCKNEY. Manager. Hongkong, 9th September, 1905.

2101

THE CHARTERED BANK OF INDIA

CUSTRALIA AND CHINA..

-NCORPORATED BY ROYAL CHARTER, 185-

HEAD OFFICE-LONDON,

CAPITAL PAID-Up.....£800,001 Esav LIABILITY OF BARE-

BOLDERS... £800,000 .£675,000 RESERVE FUND..

INTEREST allowed on Current Account at the rate of 2% per annum on the Daily balanna, On Fixed Deposits for 12 months 4 per cent

+

CORPORATION

PAID-UP CAPITAL....$10,000,000 Reserve FUND---

STERLING RESERVE...$14,000,000 SILVER REBERTN ... 8,500,000

--------$18,500,00 RESERVE LIABILITY OF PROP'TOES.$10,000,00

COURT OF DIRECTORS.

H. A. W. SLADE, Esq.-Chairman. A. HACPT, Esq.-Deputy Chairman, Hon. C. W. Dickson, H. Schubart, Esq.

E. Shollim, Esq. N. A. Siabe, Euq. Hon. R. Showau

B. Goetz, Esq.

G. H. Medhurst, Esq. A. J. Raymoud, Esq. F. Salinger, Esq.

CHIEF MANAGER Hongkong-J. R. M. SMITH

MANAGER: Shanghai-H. E. R, Hunter,

LONDON BANKERS-LONDON AND COUNT BANKING CONfany, LimitED,

Best

HONGKONG INTEREST ALLOWED. On Current Account at the rate of Twe pa Cent. per Annum on the daily balance.

ON FIXED DEPOSITO.

For 3 months, 2 per cent. per Ansum. For 6 months, 33 per cent. per Annum. Fer 12 month per cent. per Annum.

J, L, M, SMITH,

Chief Manager. Hongkong, 19th August, 1905.

23

THE MERCANT1JF BANK OF INDIA, LIMITED.

T

AUTHORISED CAPITAL... 27::£1,500,00Y SUBSCRIBED

1,125,000 562,500 110,000

PAID-UP sensukakertens akkati RASERVE FUND

BANNERS! LONDON JOINT STOCK BANK, Limrrad.

INTEREST allowed on Current Accounts at the rate of 2% per annum on the Daily balance, On Fixed DePOSITS :—

For 12 months......

&

6

"

11

3

3

*

H

"

“T. P. COCHRANE,

A. R. LINTON,

Manager,

Acting Manager.

3. Hongkong, 18th May, 1905.

29

Hongkong, 30th June, 1905.

25

the invasion of the Old World

During the past few months Gormany's ship- ping in the Far East has been advancing at an Not many years ago the enormous ale. passenger traffic to China was divided between the P and O. Company and the Messageries, but from us time that the Norddeutscher

lyd started to compete with two or three of their smaller hats the popularity of the older lines diminished; and the German company bas stondily gouo forward since that lines. Bigger and barter beats have been put on the sorrice; other fleets (including well-known British companies which were considered as

Some of the best passenger ships seen at Hongkong are thus 1ue Fuers ander the Germsu Bg, and a regular service in rau between Hongkong, Borneo, Singapore, and the Since the Scottish Oriental Southern s.

Line, sailing between Hongkong and Bangkok, was fought up, the Kaiser's moraalile flag has takon first place at the Siamese capital, while it is seen often as the red sign in Singapore! While some dozen years ago British shipping was almost without a rival in the Far East,

Sincs the

GREGOR &

WINE MERCHANTS,.

CO.,

WILL SHORTLY REMOVE TO

5

NO. 19. QUEEN'S ROAD CENTRAL.

LATELY OCCUPIED BY MESSRS. KELLY & WALSH, LD.

USEFUL CHRISTMAS GIFTS.

CHRISTMAS & NEW YEAR CARDS of newest designs.

FILM or PLATE CAMERAS fitted with "Russ," "Dallmayer" & "Goera Lonser".

PLATES, PAPERS & CHEMICALS, abs lately fresh.

EASTMAN CELEBRATED KODAKS & FILMS. JE IMPORT those grads, thus eumbliar as to offer them Ht. rock-bottom prices. We invite you to call and inspect our Now Stock isfore making your Chelsta u na] New Year purchases elsewhere.

W

A. TACK &

CO.

26, DES VIEUX ROAD, HONG KONG.

BOVRIL

is the Cook's best friend.

No Cook can afford to be with- out Bovril. An appetising and nutritious soup is quickly made by the use of Bovril and it renders Curries and all made dishes palatable and strengthening.

1470-3

WALTHAM WATCHES

KEATING'S LOZENGES

EASILY CURE

THE WORST COUCH.

One gives relief. As increasing sale cf over a year 18 certain lest of heir value. Sed la batles everywbrza

1812

of $20 & month! And this

I cannot enter very far into its products available for trade purposes. And if another | home. This remarkable bid for fortune was

morning (he was told to call again) the beuso assembled in full force, and it was humorously suggested that the puller had made a mistake. Perhaps he mesut St. The delicats fun wes missed by the puller, and his nerve and imper- tinence were so exasperating that the real was he reived several gentle strakes from a useful rattan. Que might well wonder what is coming

Delightfully refreshing

a number of fine merchant veosols during merely to take his fare to town and wait about and has arrived at a new period-the perial of the course of hostilities, and these will be for him during the day, and then to bring ki

iamoreable contenance, and the figures given eight are to be built on the Clyde it can easily raade with

be foresan what strenuous times for the ship remonstrance only led to a deprecating emite by the French experts: but I will give a fow which should make Manchester or well na ping trade are ahead in the Far East, even if (and movement of the hands. The following the British Colonial Office think. Two facts the volume of trade with Korea and Manchuria, now that they are to be thoroughly opened up, relating to the American cotton industry stand out as danger signals to industrial Europe turns out all that is hoped for, China is also namaly, that the importation of cotton tisues in building up a mercantile marine Old steamers America shows a continuous decline, while the are bought which the Chinese can utilise for exports of the same kind of tissues from coasting purposes, while they can obtain a profit America are constsally increasing.

MM, where figners could not possibly hope to do so. If Britein is to retain the bulk of this trade Ferrin and Ancol give figures which show that the valus of the imported Usenes, unt colour, there must be no conferences and rings to which was from 1871-1880 25 millions sterling, discriminate against British gords, and the Ap all the fell during 1801-1900 to less than two millions Government must resolutely back sterling, that is to £1,331,000. Meanwhile, who fellow Far Eastern affairs know only too legitimats rights of British merchants. Those value of export, “which was 36 millions sterling during 1871-1880, 203 to 37 millions sterling well for handicapped our merchants are when during 1891-1900. That is what," states the reompeting with other nations. Our Foreign port, "the United States alene has taken from the Office, Ministers, and Consuls too often consider and producers of Europe, and more caperially from tra le as a matter of no moment, something the manufacturers of Lancashire. Under

quito bemath Fuch

a great department of State, so concessions and contracts have been lost to circumstances cin one be netonished at the iu dustrial uneasiness casserl by this state of affairs Lilf as has that of other countries. Then, Britain because our Minister has not interested and the difficulty of finding new markets? MM Porrin and Abel have not lost sight of what is generally spoken of ng the Yellow Paril" It is not only the American manufacturers who are to be feared, but new rivals are springing up on every sido. India is becoming less nd less dependent upon Lancashire; John China- man has already commenced his industrial apprenticeship; but in the immedia futura it is Japan which will have to be reckohed with A few years ago, the Kingdom of the Rising

too, the foreign shipping lines receive subsidies dieet or indirect, from their Government. Ouly shipper+ can stimate the amount of freight lost to British Tossal daring the war. The Russiaus u de a ad set against our trade, while leasing the Germans practically immane

fritish shoppers and British traders must wake up and study the requirements of their customers as scientifically as their rivals, and unless the Government supports our

Sn was an importer of ection tissuas, but, like rehands as energetically as do the rulers of those who degies one trala no amount of Ulas United Sites, it has become an exporter. The following figures given by the Frenchergy and scenes on their part will sinable

them to maintain their present position. experts are of on, eloquerice which should forsen

E. C. PULDROCK. the purse strings every master and man in Laucushiro. From 1994 to 1903 the valus of the cotton yarns immasted by Japan fell from 4-73,000 to £78,00 while deving the same period the value of the cotton yarnak here are evidently aspiring is got rose from £100,000 to over £3,000,000 exported

rom Japa

A COOLIE'S BID FOR FORTUNE."

-The Singapore Free Press says The Chines

A like tale may be fold af cotton tissues, for if rich quickly. The following instance of cool the French experts' figures are correct the clirek and daring in endeavouring to practice rank extortion upon Europeaus is well worth value of the coltou tissues exported from

arrived in Singa during the five years ending 1913, Toss from recording. A new tun' £280,000 to £825,000. But the climax has not pors recently and part of his first business was the casting about for a coo's and richa. One yet bon roached, as the French exports are of

pinion that the triumphal merch of the arrived. It was Sunday afternoon, ond from cotton industry of Jaran will not stop, indeed what ensued afterwards, we can only rozard cannot step, hi an industry where the average his adront as bring in the light of what the daily wages of a man sro 80 centimes, thoso lawyers would call a "test caa," or in other of a women 55 centimes, of from 15 to 20 wards an attempt to guage too powers of contimes for children between seven and eight an Englishman's submission to the gentle art years of age, and where, with two shifts, the of swialling, By the aid of an honest Kling machines are kept going 22 hours a day. boy, who spoke English, the Chinaman asked

in hot climates is the use of auck a pus eraelient San D

CALVERT'S

Carbolic Toilet Soap.

Carefully prepared from the best materials only, delicately perfumed, and superfatted-it in avory way meets the exacting requirements of the most sensi tive skin.

It is also antiseptic, containing 10% Crystal Carbolic, which has at once a healthy action on the skin, and acts as It preventivo of contagion.

Calvert's Carbolic Ointment

hega éond reputation for the cure of sunburn, Insect bites, and shia irrigation. Always andy to have or cuts, bars, bruises, pileo, calle, ani tindior 'mishace.

V. O. CATYRAT & to.. 25%peherax, England

COLD STORAGE.

77-

HE HONGKONG ICE COMPANY, LD, have now 40,00 Cubic feet of Cold storage available at EAST POINT. Stores will bs Open at 10 A.. and 4 P.M. daily, Sunday, excepted to receive and deliver perishable goods.

WM. PAKLANE, Manager. [55 Hongkong, 18th November, 1901,

12,000,000 of these watches now in use. All Waltham watches are guaran- teed by American Waltham Watch Co the largest watch movement manufacturing concern in the world.

ΤΟ

2049-3

46

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MADELINA PATTI SAYS:

* Have found it vory'é a good indeed v.

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