"THE SALT OF SAS"
Abbey's Effer Salt
vescent
Do you get up with a "born- tired" feeling mornings?-bad taste in your mouth? dull headache? wabbling stomach? Unpleasant but familiar, is'nt
?
¿
"It is proof that you need Abbey's Salt, the stomach regulator, and need it badly,
A dose of Abbey's Salt-be- fore breakfast will quickly drive these ill feelings away and set you right within an hour
co
Sold in two sizes by all Chemistsned States, and by Watkins, Ltd., and A. 5. Watson, List, dong Kong.
The Abbey Fruit Saline Co., Ltd. 144, Queen Victoria Street, London, EC.
1243-2
A. LING & CO..
FURNITURE STORE. PLATED GLASS AND CROCKERY WARE, &c. &n; and POOCHÓW. LACQUERED WARE. 48, QUEEN'S ROAD CENTRAL.
kong, 21st September, 1903,
(2305
PRINTING.
THE JOB PRINTING AND BOGE I BINDING. DEPARTMENTS of the Hongkong daily Press furnished with every appliance for the
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Estimates furnished an Application to the Printing Deparinen HONGKONO. DAT PRERS" Offic
The British Medical fearnà{ 'says :
"Benger's Food has by its excellence
* established a reputation
ujits own.
BENGER
Food
delicious, highly hutritive, and most easily digested Food, specially prepared for infants and For Adults whose digestive powers have been weakened by illness or advancing years. The experience of thou- sands has proved that this Food can be enjoyed. and assimilated when others disagree
A Lady_writes:-"Hamanly speaking. Benger Food entirely saved baby's life. I had tried four well-known foods, but he could digest nothing, until we began the Benger. He is now rosy and Austening rapidly."
Benger's Foad in tins of chemists, etc., everywhere.
ON SALE.
A TABLE OF THE
RATES OF EXCHANGE AT
HONGKONG
for Demand Drafts on London on the day of or preceding the Departure of the English. Maile also Table of Yearly Approximate Averages
FOR 31 YEARS FROM 1874 to 1904.
Price $2 Cash. On Sale at the DAILY PRESS" OFFICE, or Local Bookeebors.
Hongkong, 11th M63, 1906.
THE PROBLEM OF POPLAR.
HOW MESSRS, TARROW'S DECISION WILL AFFECT IT,
{
THE HONGKONG DAILY PRESS, MONDAY, DECEMBER 4TH, 1905..
SHARE REPORT.
| thoir myriads of shareholders, will be found to be treated very fully in my addeus on the Messre. Erich Georg and Co., in their wosklyCondition and Proupsets of Traite,' delivered share list, dated the 2nd December, 1905, any in 1885, and
atill mere so in that on. The week has passed without bringing any The Increase of Modorato Incomer in improvement at all to our share market and the 1887, bait reprinted in this volume. I have Our London correspondent's telegram phont remarks made in our two last circulars can always been as greatly struck by the economic fle removal of Messrs. Yarrow's works was only be confirmed. Business has been very consequences of the change as by its banking too recut to be forgotten. The following small and rates have weakened further, in fact effects, far-reaching as the latter have resa. Its amplies the news:-The decision of Mossrs. private sales have been offected in several cases in Buence on the distribution of profits over an Yarrow and Company, the well-known engin under the ruling quotations, but rates have not over-widening area of the population should ours and shipi ilde konce the Thames is, been made public. The sterling demand rale never be overlooked. With all its dangers. an the P'eil ialt rette described it, & hard in London closes at 28 01, while rates on with roue delsterions.inilizonees on commercial Shanghai are nominally unchanged. Barsityer character, with its temptations to the foolish. blow for Poplar, but it is not an aspected one. As Mr. Yarrow told our representative in the in London is quoted 301, aæl Consuls 2 and its opportunities for the dishonest; it has nevertheless enormously increased the number course of an interview yesterday afternoon, ex interest,
BASE SHARES-Hongkong and Shanghai of those who participate in the business profits the firm made up its mind to mors to the North some time ago. This intention was well Banks found buyers at the reduced rate of $75 of the nation, and, per tante, has checked known in Poplar, and the decision now definitely and a few more shares can he placed the accumulations in the band of a more restricted mound has not excited the district; it basLondon rate is £38. Od. Nationals are class."
In the article called “Two per Cent.. simply set it thinking even more seriously than anchanged.
MARINE INSURANCE SHAKES-Luigns are written in January, 1969, he returns to the hitherto on the hard problems with which this
confronted.
for sale at $750, whiß China Trulers are object, and makes one remarks which show unfortunate borough
stronger with buyers at 39, North Chinas that oven at that early period of his career he wht up in the north to Tis. 95, but they are was deeply impressed with the need for obtainable now at Ts. 1. Yangiszoschuured reserves. He says:
this
"In and respect, indest, the development of
"Is there," our representative asked Mr Thorne
the representative on the borong council of the wurd in which Moeses. Yarrow's works are situatel, is there any prospect of these men who are left behind being absorbed by other industries in the district?
Mr. Thorne replied, None whatever.” There are no employers in the district to give them employment, and there will be no work for them to do. It is time in my judgemont, that men in the rountry should be fold plainly that London is overcrowled, and that there is nofre them here."
What about the men who are here already, particularly those who, after Messrs. Yarrow have gone, will be left behind without employ.
ment
"
hands in the north at $174, so we folow
remain on offer at $330.
They will also have to go out of the neigh$215. bourhood. They will have to follow the frails, and if the trade goss North they must go North
Already there ro in Poplar, as we have shown in presions articles, two thousand or three thousand mit without employment, and when, in two years time, Mosers: Yarrow tran afte their works to the North tirey will leave-notation in the absence of local sales. Cantons joint-stock creierprise has exceeded the hopes of 11s most sanguine frients. Its inactions were behind them no doubt, a thousand more.
FIRE INSURANCE SHARKS-A few Hong: to be double-to elect drainage and to utilize As far as its object was to colleel every kongs changed hands at $35, and more are our offer. Chiss old at S to, and are quit drop of available capital into central reservoirs. t. $87, al Jough at $ bayers might be found it bas dore nil and more than, was expected. at
SHIPPING SHARES-longkong, Canten and Bat inany of the sorvete proved unsafe, aud Machos sold at $25; and $25, but there are no the flelds into which the expital, when collected, sellors now apparently under 8255. Indo-Chinas was poured, turned out, in many instauces, most sold at 8, closing with sellers; Shanghai arem.erative The theory of the system as quotes Tls, 67 buyers, and London 10. Chinxpounded by the French avowedly contemplat- and Manilas are for sale at $20, white Douglases ed un increase of national foren by the concen- are wanted at $35. Star Ferries have bayers tration of capital, which might otherwise notbe at $32 for old, and sellers at $23 for new. atter utilized at all. The concentration has taken few sales of the latter issue. Shell Transports place, and even in an exaggerated form. Not are frin at 25; 0, while Henter gives the Lon-only ave savings, real avalable capital, beon den qu-bath with s. sliers. Hongkong 1 sucked in, but apital which was not available at all. The world parted with its reserves, Steim Waterboats are offering at$13.
REFINEMES-China Sugar are weak at Working capital wass writeed in the craving for
Lurus sold at 82, 821 822 od 227,
Spulative investmaut. Many borrowed money for their permanent regular business, in order to and close with layers at latter rate.
ALENING SHARES-Unchanged and without be free to pour their own resources-iate a joint. sair.
stock company or into foreign funds." The Docks, WHARVES, GoDowns, &e-long concentration wax too effectual, the subsequent kong nad Whampoa Decks have attracts son diffusion very unsatisfactory. Of the actual
losses we have already spoken. But the disasters. are not to be pasured by them. The country little attention, and sales hat boon effected ut $167 to $185, at which atter rafo-moza sharps
has laboure: ever ineo under the absence of are obtainable Geo, Fenwicks have not been
Too often the possibility of creating. mentioned, neither Naw Amey Docks, and rates reserves. are unchanged. Farnhams are ruled quiet. fresh reserves has been cut off by the necessity. and our Is Shanghai wire notes them sellers of meeting liabilities incurral upon sinces which at Tk. 1973. Hongkong and Kowloon Wharves were not fully pit up. In other cases stren are in demand at . Shanghai and Hongous efforte are doubtless being made to restore, the necessary working capital of a business to a kew Wharves have buyers at Tk. 195..
LANDS HOTELS AND BUILDINGS-Hong-normal amount. The process of course involves kong Land Investment and Agency Company's a continuous sale of imprudent or excessivo shares sold at rates ranging between $1234 and investments, and, in the absence of any demand 5126; at latter ralo Liters are sellers Kowloon for sneh securities, the fall in prices has natue- Lauds, as well as West Points, are unchanged.ally been very great. The operations necessary WeHongkong Hotels sold at $145 Humphreys for reconstructing reserves som to nq to be. changed owners at $125, and no further sellers by no means one of the least effective cases of Shanghai Lands can be placed at Th. 122. the coexistence of panie prices, for shares and
Corros MILLS-Evo's have jumped to stocks with mouey at Two per cent." buyers at C 65; we hear that this Company will pay a dicind of The 8 per share for the year ended 31st October, 1905.Qter Cotton Mills ute unchanged."
02.
Will they do that?" That is the question. Poplar has attracted certain walitions of men here and they have stayed.
The Poor Law hera is so administered that if men can't get work they dust be fed, It is all part of a very strong scheme of social democracy."
Mr. Thorne went on to say that in busy periods as may ns three thousand men have been em- ployed at Yarrow's, and that twelve hundred are there at this moment, but a combination of eircumstances, including high rates, have brought about the decision to more.
With its low rateable value, there is no prospect, is there," our representative suggested,
of Poplar's rates being lowered 2"
"I am afraid not." was the reply. shall be doing well if we keep them at their present level of twelve billings in the ponnd."
One of the ethicials of the borough council who was present during the interview pointed out that so our was the district that the rateable value of Poplar was little more than £800,000. If Kensington, the area of which was similar, bad the same rateable value, il world have to be rated nearly twenty shillings in the pound...
Afterwards.cur representative had an inter. view with Mr. Yarrow himself. You have come to ask me, I expect," Mr: Yarrow aid, if we are roally leaving. Yes, indood, we are. The cost of construction here is so great, owing to the high cost of labour, rates, and material, that it is almost impossible for us to compete successfully with other firms more favourably situated. We have long since made up our minds to go, and at the present moment two or three representatives of the firm are looking at sites on the north-east coast and on Us Clyde. me, and the In due course they will report. site that seems most suitable will be selected My impression is that it will be on the north- east coast.
"And when do you go?
Under the most favourable conditions we Ahuli not be able to move for two years."
"Will you be able to take with you any proportion of the twelve hundred men whom you are now employing?
I
HUNDRY MANUFACTURING COMPANIES.- Old Electrics have buyers at $15.29; the new issue shares, on which a fal val of $5 per share was due yesterday, are quoted $14 buyers. Green Island Cenouts have a fixed at 820 and 8082, and have sellers at the lower figure. Other stocks under this beading are unelmoged.
MISCELLANECUs.-China Proridents have ben done ut $91, and there are farther sellers at this rate. Langkats are quoted The 212. Old Laundries have sellors at $71, and the new isso (call payable yesterday) at $7. A. S. Watsons sold down to $12, but at that figare there are buyers. Pegella are quoted $11. Other stocks under this heading unchungen
ECONOMIC ASPECT OF PUBLIC
COMPANIES..
The Rt. Hon. Viscount Geschen's collected essays and addresses on economic questions appear to by well worth realing. Following is an extract from a Tince roriew
The ma who flatters himself that be lives in
We shall take a certain number, but the the twentieth century is apt to déspiss descrip proportion of the total must necessarily be very tious of, and comments on, evnte which small. In the North the people are more occurred in the third quarter of the winelovath earnest, London, in my opisto, is becoming century. But it was a very interesting period more and more a centre of politics and pleasure from the economic point of view; and Lord You do not find this craving for annement Geschen's comments ĉu the events of that time is the same extent in manufacturing places, are well worth careful staly from any one The mor thora ure mors thrifty, and the who wants to understand what is going on reand thrifty men are generally the better mm. In his now. Why was the average discount rate London there is too much extravagance; it for 14 even per cant., and why was the pervades the lower classes as well as the upper average only two per cent, in 1807? The two Returning to the question of the cost of articles originally published in the Edinburgh production, Mr. Yarrow said the firm had had Revier entities Seven por Cout." and Two to refuse a great deal of work because it could per Cent" are mine of information on char There nature of the Money Market and of business in not compete suceosefully with others,
the highest sense, and much of it bears on In the former-of those essays Lord Goschen theserites the wonderful growth of limited liability as applied to jalut stock companies, and the tremendous collapse which followed unit. On this subjet he says, iu the introdnetory autó to the article
is no doubt," he remarked, "that the difference in the cost of production between the North existing problems. and Landon is becoming less favourable every day for London. Our own alternative was to decide on going to tho North or going through the bankrapter conet-I pat it as strongly as that--anil we proferred the former.
"At one time," Mr. Yarrow added, London "Another subject to which I gave prominence the centre of iron shipbuilding, and there was the effect of the expassing of the joint-stock ware & number of celebrated engineering firus company system on the various cruditions of the
Was
on the Thames who have now entirely dis- money ourket, and the fresh directions which. appeared; I refer to such firms as Mandsley, it gave in many respects to the commercial and Seward, Dudgeon, Ravenhill, and Easton and industrial enterprise of the country. The Anderson-all have passed out of existence, development of limited liability mad a deep constituting Many others have left London for offer, place, impression on me from the first, as like the firms of Allen of Bedford, Willans and an extremely important factor, not only the Robinson of Rugby, Simpson of Newark, narrower world of business, but in the distribu- Messre. Siemens are now doing a great part of tion of wealth in the community at large. The their work at Stafford, Messrs. Thornycroft, earlier consequences of the system forme the whilst they are continuing their operations at principal burden of my article on Seses per Chiswick, ato doing a large portion of their Cont. in 15, and again como under revision work at Southampton. So that it comes to this, in the compinion picture, Two per Cent., that many well-known firms that have wished, 1868. But the continuous and wiler infueuces! to keep in existence have had to move from exercised by the fundamental change wrought i London, and is means. I um sorry to repeat, that we are going to the North-to the site th offers us the greatest advantagee."
KM
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by the transfer of an enormous proportion of our futustry and commerce from private MAP OF WEST LIVER .... individuals and firms to public companies with
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This DIET is reconimente in place of ordinary milk foods, tal, ele. Whilst acceptable to all as a light nourishment it is particularly adapted to the needs of Dyspeptics, Invalids * and the Aged.
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A
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OWING TO HIGH EXCHANGE
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N.B. These reductions du not apply to BEERS, STOUT and CIGARS.
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WALTHAM WATCHES
GOSHI-KWAISHA
(MITSUBISHI - CO.)
DEPARTMENT
MARUNO UCHI, TOKIO,
Cable Address, "IWASAKI,"
which applies to all Branch Offices and Hang. kong and Shanghai Agencies. Al, ABC 5th Edition, Western Union Codes
ngl All Letters Addressed-
MANAGED, MITSU Bisut Co., with name of placo under. BRANCH OFFICES:- NAGASAKI, MOJI, KOBE, KARATSU AND HANKOW. ARENCIESet SHANGHAI: H. J. H TRIPP.
HONGKONG: H. U. JEFFRIES.
MANILA: MACONDRAY & Co.
CHHINKIANG, GPARING & Co.
YOKOHAMA: M. ASADA.
CONTRACTORS OF COAL to the Im perial Japanese Navy and Foreign Navis; the Imperial Arsonals; the Imperial Railway Sanyo, Kinsha and the other Principal Rail. ways; Industrial Works; Home and Foreign Mail and Freight Steamers.
EXPORTERS OF COAL to Hongkong, Shanghai, Hankow, Singapore, Manila, North China, Korean ports and America.
SOLE PROPRIETORS of Takashim Ochi, Shinnew, Namazats and Kawi-Yamada Collieries and aleo Hojo Colliery, which will shortly be ready to produce ou a large amulo the beat Buzon Coal,
Sole Ageats for Kigio, Komatsu (Tugawa) and Yashiromachi Coal (Karatsa).
The Hondad Branch Offices and the Agen- cies of the Company will receive any order for Coals produced from the above Colliorise.
Coal sold in 1904 by the Company amounted Lo 1,520,000 tons.
TAKASHIMA COAE.
New and additional shafts at the Takashima Colliery have been completed and this wali. known best and most economical stuem Coal in the East is now produced in abondance and can be supplied in any quantity.
Hongkong, 15th February, 1905, [108
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