1915-03-10 — Page 12

STILLATIONS

THE HONGKONG DAILY FEESS, WEDNESDAY, MARCH 1Ūra, 1815.

VICTOR VICTROLA

THE IDEAL ENTERTAINER.

SHIPPING NOTES

On February 16th there were as many as 50 yesecls in the harbour of Daima (Dalny).

BANK OF JAPAN,

SPEECH BY THE GOVERNOR.

HALF-YEARLY MEETING OF were, moving forward an inch and back- vard a foot, and so if the quotations at the end of the year be compared with those at the beginning of the year, it is found that none of the principal stocks remained without depreciation, which in some casos was even to the extent of from 30 per cent. to 40 per cent.

The Indra Ling steamer Indraghari is

The sixty-fifth regular general meeting of the Bank of Japan was held at the taking a consignment of heap oil, etc., from Dairen destined to New York Banic's premises in Tokyo on the 20th ult., the Panama Canal.

Viscount Mishima, the Governor, presio ing, In addition to shareholders thero wero present: Mr. Yamazaki, of the Imperial Household Department, Mr. Hamaguchi, Vice-Minister of Finance; Mr. Sakurai, of the Monopoly Office; and Mr. Kamino, of the Finance Depart ment. The following accounts for the second half of last year were presented and passed:

The port of Vladivostock is attracting a fleet of steamers carrying supplies and stores for the Russian troops at the front. About 17. British vessels, remarke a north- ern contemporary, are scheduled to ma that port in succession shortly.

It is stated in Japan papers that in order to cope with the remarkable increase of cargo awaiting shipment from Japan and China to Europe, the Nippon Yusen Kaisha has decided to despatch

CALL AND WE WILL GLADLY DEMONSTRATE six extra cargo-bonta irum Yokohama

IT TO YOU.

EXCLUSIVE AGENTS:

MOUTRIE'S

THEATRE

66

ROYAL.

[311]

DER the Distinguished Patronage of H.E. THE GOVERNOR. Sir F. H. MAY, KC.MG.

NDER

THE QUAINTS

LAST 4 NIGHTS!

LAST 4 NIGHTS! LAST 4 NIGHTS! TO-NIGHT (WEDNESDAY), MARCH 10TH LAST NIGHT OF THE THIRD PROGRAMME, THURSDAY-Tat QUAINTS' FAMOUS FIRST PROGRAMME FRIDAY—THE QUAINTS' 'SELECTION" PROGRAMME.

SATURDAY AFIERNOON — MATINEE AT

SATURDAY NIGHT

(SPECIAL PRICES).

3.30

P.M.

THE QUAINTS REQUEST PROGRAMME.

PLANE NOW OPEN AT MOUTRIE'S.

Hongkong, 10th March, 1915,

OREGON PINE

BORNEO

[311

HARDWOOD

IN SAWN PLANKS. LOGS AND FLOORINGS.

THE

CHINAM

IMPORT

and Kobe,

The Nippon Yusen Kaisha is reported to have decided to build six now boats of 7,500 tons each, and three of 4.000 tons each as additions to the cargo boats" on the European and other routes. The six larger vessels have been ordered from the Mitsu Bishi Shipyard at Nagasaki, and the other three smaller ones from the Kawasaki Dockyard, ut Kobe.

THE FOREIGN TRADE

Again, as regards the state of foreign trage during the year under review, wel find that, with the exception of trade in Chosen and Taiwan, exports aggregalud 101,100,000 and imports Yb05,730,000, from the previous your of 275,050,000. 1 which totalled. Y1, 180,830,000, a decrease must be regretted that such a halt as this should have been made by our foreign trade, which had been steadily progress. ing year by year. What must be borne in mind is rather the fact that the decrease in that trade was not as great as might have been expected, considering what heavy blows were dealt by the war both 2,797,570 on our imports and our exports. It is Brought forward from last term 2,197,161 some relief to note that the greater part of the decrease in question was found in 4,994,737 imports, the decrease in exports being

500,003

limited to a sum of Y41,300,000, in couse 10,000 167,000

Not profit

Total To reserve.... Special reserve Bonuses to officials

First Dividend (six per cent.

per atma) Second Dividend (six per cent.

per annum)

INTIMATIONS

NOTICE.

R

ALL Fenore applying to the PROVOST MARSHAL for Passes are requested in fature to apply between the hours of 9 AM to 1 P.M. and 2 to 4 P., daily.

Hongkong, 16th February, 1915.

•

(232

JUST LANDED; HIRANO MINERAL

WATER"

IN QUARTS, PINTS AND SPLITS.

Bottled by the

IMPERIAL MINERAL WATER Co.,

LTD. OSAKA,

quenes of which the excess of imports over exports amounted to Y4,030,000 only, the results obtained of the outgoings and incomings being almost equalised. Now, 1,125,000 if we seek for an explanation of these

results, we shall find it in the fact that, By appointment to the Imperial Household 1,125,000 in the case of exports, even though a of Japan, Offcially Recommended by the

silk, waste silk, habuteye, silk handker Carried to next term,

2,087,737

chiefs, and other articles suited to the Medical Colleges of The Imperial Univeralties Viscount MISHIMA, the Governor, in the European market show considerable course of his specch said—

decreases on account of the war, those to of Tokyo and Kyoto. the rest of the world show generally more or less increase; whereas, in the case of imports, not only did those from Euro-, pean countries, almost without exception, decrease inarkedly owing to the war, but also those from other countries too generally showed a decrease, which in the case of the import of foreign rice and cotton reached an enormous figure.

Even when the money marked had The Japan-Seitou (Tsingtao) steamer tended to be easier since the Spring of Barvice operated by the Osaka Sheen the year under review, this Bark, con- Kaisha and Messrs. Harada & Co.sidering the general situation to admit an yet of no real confidence, had lost no Osaka, has given disappointing returns. time in making a careful estimate of Only about 300 tons cargo have been future prospects. But now, in view of the Government's financial policy as well carried each way, says a Japanese papers of the economic conditions at home and The exports from Kobe and Moji prin- abroad, the Bank raised its rate of cipally consist of cotton yarn, matches,interest by 2 rin on the 6th of July Just building materials, glass, matting, etc., about this time there began the embroglio and the imports raw cotton, cowhide, oil the end of the month, led to sa appeal between Austria and Servia, which, by

to arms. Following upon this event, the Great Powers, one after another-Russia, Germany, France, and Great Britain ranged themselves on either side and took part in the war. Thus finally broke ont

otc.

The Toyo Kisen Kaisha announce that their South American line steamers will mako. “calle at Son Pedro

(Los Angeles) on the outward Foy

ages and at Balboa (Panama) on both the outward and homeward voyages, in addition to the usual ports of call as heretofore. The calls of these steamers at San Pedro and Bulbow, says a Japan- eso journal, will mark the beginning of the first regular services to link the Orient with Southern California and to establish connections with

numerous liners through the Panama Canal to the Atlantic Ports and Europe.

Recently, it has come under our notice that runs upon banks have recurred year after year. Last year was unfortunately ceveral places. Consequently, the tran no exception, such calamities visiting

quillity of the financial world was muca disturbed. In these circumstances, this Bank, acting on the policy which had been formerly pursued by it, extended accom modation which it deemed to be necessary,

(SAMPLES FREE)

SOLE AGENTS : .

CALDBECK,

MACGREGOR&C.

NEW

CARTRIDGES.

the general European conilagration, in and thus exerted itself in maintaining the which our country too was inevitably general financial equilibrium.

volved. Naturally, the effects of this. great war upon the trade of the world branch offices of this Bank, one at Niigata On the first of July, last year, two were becoming very serious, and the whole and the other at Matsumoto, werd opened Bullores augliths. utterly that the workings of it seemed for with the outbreak of hostilities in Europe, economic inechanism was dislocated so for business. Tais almost synchronized time impossible. In London, particu: an effect of which was the necessity for larly, the central mart of the world, the making an unusually large amount of effects were most pronounced.

advances against raw silk. The establist course of the three days beginning on the ment of a branch office at Matsumoto was 30th of July the official rate of the Bank just in the nick of time, and so financial of England rose by leaps and bounds, on facilities for the district of Shinshu were the first day from 3 per cent, to 4 per enhanced. eent on the second from 4 peri

a

In the

cent. to 8 per cent., and on the third and As stated above, the early months of last The South Manchurian Railway Co.'s last from 8 per cent. to 10 per cent.; while year witnessed activity in the export chartered steamers Jumi Maru and Tamil the foreign exchanges on all countries trade, and there were signs of a revival underwent such violent fluctuations as in the general tone, with the expectation. Meru (owned by the Hashimoto SS. Co. had ever been experienced before, making of a better turn for the market. But these Dairen, have been re-chartered by any transaction virtually impossible. hopes were doomed to disappointment, Messra. Kodera & Co, Dairen, for the Then followed, however, the enactment of for, while the political complications filled purpose of carrying beans and bean the laws relating to the various relief the minds of the people with a sense of cake from Dairen to Hull and Liverpool. measures to meet the urgent needs of the misgiving, of a sudden the nation was situation, the more important of them plunged into deep mourning, and it was The Kum: Mary has undergone repairs being the proclamation of a moratorium not long before the outbreak of the Eure nt the Kawasaki Dock at Dairen and is and the issue of emergency currency pean war, in which our country too had These measures relieved the situation and to take up arms. To crown all, there was to load a cargo of North Manchurias facilitated by degrees the transaction of a the headlong fall of the price of tice which beans at Vladivostock, then return to certain amount of business. Now, as to had continued since the Spring. Be tho Dairen and leave early this month for the losses which our country suffered from decline of our foreign trade, the depres England. After discharging bean oil the present war, they were by no means sion of the home market, the restriction Liverpool, etc., she will cross the Atlantic small for raw silk and most other of production for all manufacturing articles exported to the various countries industries, and the other results of bad and is expected to return to Daire of Europe there was little or no market;

times must be regarded as unevoidable in September rext, più Panama Canal, the stocks of such goods accumulated, and phenomena arising out of the situation. with kerosene oil to be loaded at an there was a consequent slump in prices, Only the enterprising spirit of the people American port.

The Tami aru ja whereas, on the other hand, in the case seemed to be unchecked even amidst so

that to be imported many adverse circumstances.

The proof

popular Manufacturers.

SMOKELESS POWDER and CHILLED SHOT. From No. 10 to SSBG, at 86, 87 and $7.50 per 100. SPORTING REQUISITES and AIR GUNS in Variety.

Inspection Invited.

WM. SCHMIDT & Co.

Hongkong, 4th February, 1015.

193

YEW LEE.

AH CHEONG AND L. HANSEN.

TEVEDORES

SHIP-CHANDLERS

and COMPRADORES,

15, LEE YUEN STREET, WEST. Telephone No. 1250,

Hongkong, 27th October, 1914. (104

A LING & CO. 19, QUEEN'S ROAD CENTRAL,

AND expected to leave Dairen for Europe of the articles unt used to be ind, there is that there was an increase of the paid: FURNITURE AND PHOTO GOODS

EXPORT LUMBER CO., LTD.

Hongkong, 27th Jase, 1914

towards the end of this mouth

134

WM. POWELL LTD.

TELEPHONE 346,

CABINET MAKERS

HIGH-CLASS

FURNITURE

MADE FROM THE BEST MATERIALS,

UNDER CAREFUL SUPERVISION].

DESIGNS.

SUGGESTIONS.

FREE.

ESTIMATES.

EVERYTHING FOR THE HOME.

THOT

THE BASIS OF CREDIT.

THE RUINOUS EFFECTS OF A GERMAN DEFEAT.

Developing, Printing and Enlarging. Canton Marbles in Varions Shaden TELEPHONE 1219)

was a dearth which naturally resulted in up capital for various enterprises over the

STORE. an inflation of prices. Thus dealers in corresponding amount for the previous

Photographic Goods of Every Description these imports and exports had le grapple year amounting to 147 million yea. Come in Stock with very great difficulties. Assistance pared with the figures on record for a few was demanded of this Bank on all hands, previous years, we find that the sum for everyone concerned, soliciting relief and last year did not reach those for some of eagerly urging his own claims. In view the years before, and ig is evident that of the situation this Bank deomed it the onward march of the national strength The trade journal Esport, hinan

accessary to extend reasonable relief as kept up its pace. And now, as regards the matter of course, and therefore future outlook, it cannot of course he interesting article on German eredu endeavoured by various expedients devised foreseen at what time the war in Europe ventures to criticize the constant appeals for the purpose to meet such demands, as

will end. While hostilities continue on to the public to send all their gold to the far it was practicable, after special con- the Continent of Europe, it is inevitable Imperial Bank in exchange or paper."

1t points out that imports must be paid sultations with our confrères, Nor did that our economic realm must also suffer for in gold, and that it can be no crinic the Government remain inactive in the severely. Therefore, we should look the matter, but formulated and submitted to

for individuals concerned in foreign

Conservative

Hongkong, 4th Febrnary, 1915,

DIRECTORY

OF

facts to the face, and each bear a fair PROTESTANT

our own work. At home, we must apply ourselves to the task of promoting such production as it suits the situation, whether it be for oversea export or for home consumption, and abroad we must endeavour to secure the establishment of credit and the extension of markets. In

MISSIONARIES

YOR

CHINA, JAPAN AND COREA.

On Sale at the

and Local Booksellers,

PRICE

Cloth Cover Paper

Hongkong, 21st January, 1815.

$1.25 0.80

trade to make sure that gold shall rema

the Diet a relief bill with a view to pro- share of the suffering in accordance with at their disposal, which, is not absostoly tecting the silk industry. The bill, how certain in the event of military failure ever, was not passed, as the Diet was soon It is observed that, owing to the move dissolved. Thus, the second half of the nent of exchanges against Germany, pay year had witnessed not only the European ments to Switzerland, for example, anwar, but the rapid fall in the price of only be made at a loss of about 11 perice, with the result that this period com- cent, and it is said that Germany is only menced and ended with general comme this wice, to further the augmentation of able to pay without serious loss for the cial depression and large quantities of foodstuffs and raw attitude on the part of financiers. In the national resources and to adopt such HONGKONG DAILY PRESS OFFICE materials which she gets from Souti America, because here are still in South consequence thereof, in spite of no small steps as may possibly lighten the evil American countries large amounts of Ce amount of special accommodations being effects of the situation, while, at the same man capital and deposits which can be offered, the demand for money for general time, to make preparations for eventuali- used for purposes of payment.

purposes was proportionately small; and ties after the restoration of peace these Baport uses the following plais lang the amount of bank notes issued at the are, indeed, the essential tasks for us at age about the interdependence of military end of the year was only 385 million yen, the present juncture. To the support of success and financial stability

so that the year closed with an amount these measures there should come forward "It is the confidence in our military of Lote issue smaller than any for that all those who are in charge of financial and political strength which supports our time of year since the 43rd year of Meiji affairs. I, too, will be guided always by economic development and prevents the 1910).

that policy in the discharge of my duties appearance of pessimism. Isolated

in the present eituation, and in this defeats could not weaken such confidence. S

mafter I trust that you, gentlemen, will It is only the complete collapse of our

The financial and general commercial accept my assurances State system which would cause the situations being such as have been men economic and financial condence to vanish tioned above, it was inevitable that the. altogether, for the simple reason that share market also should be sympatheti such a collapse would necessarily lead cally dull. This duiness was due to HIS MEN'S OPINION OF BEATTY. the ruin of all values. If we were diminution of the returns for various destroyed, there would be nothing to get enterprises. But this was not the sole from us excent some modest milliards of cause, for since the beginning of the year Before the Lion had been in action an gold. As long as the confidence in mill under review there had occurred a succes-hour three of the German ships were on tary and political victories continues, wo sion of events very detrimental to this are, says the Nation while all their nine nced not fear our paper system and its realm of business, such, for instance, as vessels directed their guns almost entirely consequences. But one sees immediately the volcanic eruption of Sakurajima, the on the Laon. what would be bound to threaten us in

THE SHARK MARKET.

the contrary case-armin to avoid whies unsettlement and complications of home we are compelled to sacrifics the last mau polities, the failure to pass the Budget and the last penny. That sounds brutal, the national bereavement, the entangle but it is the lesser of two evil After ment of the United States of America in all, it is better to make the last sacrifices for ourselves than for the enemy who wants to destro

SOME

the Mexican trouble, and the great war

Admiral Beatty directed the operations from the bridge, and absolutely refused to

take corer. *!-

He is wonderful," writes one of his

on the Continent of Europe. As a conse, officers, the idol of every man in the quence, this market was constantly, as it: squadron.”

0

強

新外中港

BUNG NGOL SAN PO

(Chinese Daily Prou),

PUBLISHBU DAILT

Is the oldest and stall immossarsbly the best Advertising medium among the

Native Community. Established for ever FIFTY YEARS Circulates largely throughout Boutkern China Indo-China ete

Terms for Advertising (Translation free) as be obtained at the Office, 10; Dem Vœux Road Central, Hongkong, 131, Fleet Street, Londen or from tas different Agate,

Documenta translated from or Inte Clamice? or Colloquial Chinese,