1920-03-20 — Page 9

THE HONGKONG DAILY PRESS, SATURDAY, MARCH 2017, 1920.

DODWELL & COMPANY, LD.

STEAMSHIP SERVICES.

Regular Sailings to

NEW

YORK

vis Panama Canali

SB "MUNDASTER CASTLE

Sailing on or about March 19th.

LLOYD

TRIESTINO

BRINDISI VENICE & TRIESTE

VIA SINGAPORE, PENANG & COLOMBO

S.S. *** PILSNA

Bailing on or about March 29th,

יר

NANYO YUSEN KAISHA, Ltd.

(SOUTH SEA MAIL 98.00)

Regular Services between

JAPAN, HONGKONG & JAVA.

OCEAN

NATAL

AKING

For JAVA

For JAPAN,

SS. "BIOJUN MAKU

Sailing on or about March 21st.

TRANSPORT Co., Ltd.

(TAIYO KATUN? KAISHA). Steamship Service Trans-Pacific.

Also to Australia, Europa, etc.

LINE OF STEAMERS,

on through, Bills of Lading to SOUTH AFRICAN FORTS'

with franshipment at CALOUTTA

in conjunction with the'

INDO-CHINA, STEAM NAVIGATION, CO., LTD.

AND AFCAR LINES.

For Freight or Pasage on any of the above Lines apply to:-

For NEW i

נוח

DODWELL & 00,,

Agente

110

· ORK & BOSTON.

THE U.S. SHIPPING BOARD

S.S.

S.S

“BENSALEM

About AFELL 10TH.

Vis PANAMA,- L

WEST WIND

About APRIL 17TH.

Viz., PANAMA.

S.S. "DRYDEN

Abon AFRIL 17TA. ·

Via PANAMA.

For freight space and particulars apply to —

THE ADMIRAL LINE

TERAPHONE.

2477&9478-

AGENTS

5TH FLOOR HOTEL MANSIONS

LOS ANGELES. PACIFIC NAVIGATION: COMPANY.

DIRECT

THROUGH SERVICE TO ALL OVERLAND POINTS

PORT OF LOS ANGELES, CALIFORNIA, U.S.A, Operating the following FAB, EASTERN SERVICE for the account of the United States Shipping Board.

ES. WEST MONTOP loading about March söth. 8.8. WEST HFKA loading about April 15th/857- Through rates quoted and through Bills of Lading issued to all Overland Fomti In the United States.

OFFICES SINGAPORE, MANILA SHANGHAL"KOBE, HONGKONG OFFICE, 3rd Floor, Prince's Baildings, Chatic Roa Tal. No 100%.

CHAS

E RICHARDSON, General Agent for South Chins

CANADIAN PACIFIC OCEAN SERVICES, LTD.

HE STEAMSHIP

METHVEN"

will be despatched for SINGAPORE on or about Sunday...

March 21st, 1920.

For Freight and further information apply

H. WALLACE,

General Agent.

UNITED STATES

THEN PENINSULAB

AND

of Lading Larned for

Continental, South African Ports

1

EUROPE'S FINANCE.

ORIENTAL STFAM "NAVIGATION CO. MINISTER'S WARNING. According to the New York correspond- STEAMERS FOR STRAITS, CEYLON

BOMBAT. EGYPT MEDITER. ent of the Exchange Telegraph Company,

* BANEAN POETS & LONDON, Mr. Caster Glass, United States Becre 13 3 2 koha 10 tary of the Treasury-s post correspond Through ing to that of our Chancellor of the Exchequer has made an extremely im portaat pronouncement upon the financial: and economic situation in Europe and the attitude of the United States Govern- ment thereto His views are contained in a letter to Mr. H. L. Ferguson, chair- man of the United States Chamber of Sue and Valuable Cargo for Italy, France Commerce, the text of which is ea and London (under, arrangement will be follows:-"

The people of the United States are being called upon by taxes and otherwise not only to meet Government expenditure, but to reduce the war debt. So far as the countries of Europe are concerned the adoption of a similar policy, is a matter for the Governments of those countries and the Reparations Commission. In their efforts to alleviate the situation the United States Government have done all that was considered advisable and prag ticable. The Treasury is opposed to future governmental aid beyond that out lined in my annual report and in my

· Homeward Mall, Stemmer

""DILWARA”

INDO CHINA STEAM NAVIGATION, COMPANY. LIMITED.

RAILINGS -SUBJECT TO" ALTØRATIOS SHANGHAI via SWATOWKWONGSANG Ban, Sist Mar., D'high. WUENTSIN

HING... Tras, 93rd- Mar, D'light TAIPHONG II HỎI HO

KOBE

STRAITS & CALOUTTA

SHANGHAI

JANILANG

SANDAKAN. KUBE

6. Sird Mar, 8 su Tues 23rd Mar, 9 pm.

956h Mar 5 p. 26th Mar

ANG Thurs BANG* Fri, BANG"...Fri, INSANGSat KWAISANG Wed.,

Dilight

30th Mar,3 the

7th Mar Nov

lab. Mar ̧« 5. P.M.\\

Hi Majesty's Mall, will be daipataned from this port about Afric

390, taking Cargo for, shaborg Ports JALOUTTA SINE –This doesford reguar slings to Celente, sensag and

bommodation in the connecting Avaliable, secured before departare ressel; from Hong Fang.

Slugapore returning from Calcatba steamers proceed via Stratis and Hongkong to Japan, oquasionally calling at Shanghal. Ally steamers have excalans pawonger kocommodation, are fitted with: Elebris Light and Fans and osrry a fully-qualified

Fonveyed by Cafe Steamer, proceding to HANGHAI LINE:-ing Approrfustaly every five days between Osuton and

Bombay and there transhipped to the on carrying. Steamer for Marklon|| and Lond

Paroale will be received as the Office until 12 Noor the day before saling. The contenta and valde of all packages are required.

For further

particulara, sailing datos, 600, MACKINSON, MACKENZIE & C

Post Box 112.

Des Voeux Road'Centrali

"E: HOVERION,"

18, ̃MÓRKÍNŰK HILL HOLD.

LONDON BUYING AGENTS

recent communication to the Ways and FRENCH LESSONS Means Committee to Congress. With res pect to the extension of interest of the Allied Governments' obligations held b us, and to the supplying of relief to certain portions of Europe, the Govern ments of the world must now cut out banking and trade loans from Government to Government, which not only involve additional taxes or borrowings by the landing Government with the inflation attendant thereon, but also the continu- ance by the borrowing. Government of ite control over private activities, which only postpones sound solutions of the problems. The Treasury is opposed to Government control over foreign trade and finance, and even more opposed to private control. It is convinced that the credits required for the economic restora tion and revival of trade must be supplied through private channels, and that, as a necessary contribution to that end, the Governments of the world must assist in the restoration of confidente, stability, and freedom of commerce hy the adoption

We offer you our serviste at buying agents for British or Continental goods, Established in 1844 but thoroughly up-ko- daisy-our, encodes i "kikished by making our customers' interests our st simu, Fire expart buyers, with capable trans, manage diferent departman, buying, with groskert-esre every clam of a gooda giving our customers all the advantage- of wide experience, and

supplied! equirements being rightly ring their lowest prices and beet discounts.

KEYMER SON & CO..

Whitefriars, Londos Telegram, Keymer, London," Elt. "1874

33

HALF A century repUTATIONS

of sound fiscal policies, whilst the Re DE, LECLERC'S

parations Commission must promptly adopt a just and constructive policy.

The Treasury has not locked with favour upon certain features of the memorial, nor yet upon the proposed conference, being apprehensive lest the memorial and conference should serve to cause confusion and revive hope-which

·PILLS JO: THE LIVEK & KIDNEYI avaluable for diamures of them Important segant, the Back Goat, Bhaamstiem, dpa Gearal, Pala Fries 85. lading Chamisa, ne pot from. Dr. In CARS MD, 63, HATERIZOUK BOLD, NY, Lounam, Baazaan. Depota e Paris, 12, B CAMELLCOMM NOW Tak, 90% Baseman Berent; forests, LTARE L Australia, ELLIOT BEN Sydney and Rebane NEW ZEALAND DECO Co Lang Aunt and Chrschach, Panedia, Walling I am certain are doomed to disappoint B., Pain, & Co. Onda jela ment-that the American people, through their Government, will bo called upon to assame the burdens of Europe by means of U.S. Government loans. Such matters

as the saggestion of further Governmental

THE NEW FRENOM REMEDY

APION:

ION

BEECHAN

32 R

atrotay

YOUR SKEN COMPLEX

› Bonding and Fabryoking at oë

Of ligh

M. BEETHAM & SONG CHELTENHAM, ENGLAND

RIGADD'S

KANANGA

OF JAPAN

TOILET WATER

loans by the United States, the cancel-T! Intion of some or all of the obligations of PREMATURAin Caterky: la 1 far katot

SORACLE ET LAAMI ČUSICIAN. PRO 3 PILANI BADES European Governments held by the United Diashows 18. & zuri Čaronis Talente Statceas contemplated by a passage con- Chang Men Gay Haverstacia Rang 528, Condon tained in the European memorial, but omitted from the American memorial- and the deferring of the obligations of foreign Governments held by the United States to liens created in favour of Joana to be hereafter made for, reconstruction. purposes are clearly not appropriate "for consideration in such a conterence as is contemplated by the memorial The Treasury with the co-operation of the Federal Reserve. Board, long since rerenv ed the embargo on the export of gold, tons enabling American citizens. and, indeed, the nations of the world to the extent that they find credit bere, to finance their bar chases throughout the world in cash, Rightly or wrongly, a different policy has been pursued in Europe. Since the cri sation of bostilities the European Gopern ments have maintained their embargoes upon the export of gold. The rectifica tion of the exchanges now adverse to Europe lies primarily in the hands of the The normal European Governmenta. method of meeting an adverse inter national balance is to ship gold. The refusal to ship gold prevents the rectifica tion of an adverse exchange. The need of gold embargoes lies in the expanded cur rency and credit structure of Europe.

Relief would be found in disarmament. the resumption of industrial life and activity, the imposition of adequate taxation, and the imue of adequate domes tic loans. The American people should not be, in my opinion, called upon to finance, and would not, in my opinion! respond to the demand that they should finance, the requirements of Europa in so far as they result from failure to take these necessary steps for the rehabilita tion of credit. Such things as inter- national bond isues, international gua rantees, and international measures for the stabilisation of exchange are utterly impracticable so long as there exist in equalities of taxation and domestiq financial policies in the various countries involved. When these inequalifies ng longer exist euch devices will be unneces sary. The remedy for the situation is to be found, not in the manufacture of bank credit-in the United States for the move ment of exports- process which has already proceeded too far-but in the movement of gold and of investment

This memorial urged the above-named securities, and, in default of goods Powers to convene a meeting of financial securities, then of gold into this country from Europe and in order representatives for the purpose of examin that such securities may be absorbing the situation of the world at the pre- ed by inventors, our people must sent time and of recommedding, in the The United event of their deciding that co-operative consume less and Terve States could not, if it would,, assume the assistance is necessary and advisable, to burdens of all the earth It cannot under whom and by whom aid should be given take to finance the requirements of and on what general conditions.

Identical memoranda were presented to Europe, because it cannot shape the fiscal their respective Governments by promin policies of the Governments of Europe ent men in Switzerland, Sweden, Den

"Mr. Carter Giass letter may be re garded as the first official reply to the mark, and Norway, and among the Ame important memorial by Lord Bobert rican signatories of a proclamation on similar lines were Mr. J. Pierpont Cecil, sent to the Governments of Great Morgan, Mr. Hoover, Mr. Vanderlip, the Britain, the United States, France, well known banker, Mr. Taft, ex- Holland, Switzerland, Sweden, Norway, President; Me Herrick, formerly Am and Denmark. ›

brasador to France; Mr. Hepburn; ad (Vontinued 1 foot of next column.) Mr. Stillman, the philanthropist.

RIGAED & C

MAYILA HAIPHONG

308JEO

1. Shanghe somatimen osiling 4 Swatów. Through bickes can Obtaland and thrungch "Bül leg "Lading-are" Arvwad sa all and Yangtens Porta via Shanghafa gelar payla LINE:--A wikl, Berios: limainnamed wian Manila" by vossola with good: "

LE

commodation, callinge from both ports avery Friday # 988 Approximanly weakly for passengers and mar

wann Indussment ofiari.. LINE:-Ons ang pec, mas between Hongkong sad Sand

darna, up-bo-date accommodation for passen

on Abrough Bilk of Fading low,

SINTO LINEË

in, calling nà Walhalw

CALOUTTA

will

S.S. ‘LAISANG"

be despatched on

ad

LINE

or about Mareb 23rd, for

SINGAPORE, PENANG & CALCUTTA.

Through Bills of Lading issued to RANGOON. PORT

SWETTENHAM and MADRAS.

For Freight or Passage apply to—

TRUMPHONY No. 215.

Jardine, Matheson & Co., Ltd.,

GLEN

GENERAL MANAGEES

AND

Joint Service of Stea

SHIRE

UK-STRAITS, CHINA JAPAN SERVICE.

"PROFESSOR*

GLENADE „GLESENCE"

" GLENIFFER

OUTWARDS;

HOMEWARDS.

Leaves Hongkong"

23rd April

Dus kopg

7th April.

Discharges

...GIKOA, LONDON & ANTWERP.

Movements are subject to change without notice.

For freight or further particulars please apply, sobreto

Jardine, Matheson & Co., Ltd.

AGENTS:

Tel: No. 115, cab, ex-23.

Cable Address

Kawakisen, Kobe Bentley's, A.B.C. 8th Ed.

and Boott's Codes.

The Glen Line,” Ltd:

The Royal Mail Steam Packet Co: Owners of “Shire "* Line:

KAWASAKI KISEN

(KAWASAKI STEAMSHIP

Telephone : Banacinly

KAISHA

CAPITAL PAID-UP certe mice, 120,000,000

President: Mr. Y. Kawazazi.

Vice-Prendent: Mr. K. MATSUKRJI, Managing Director: ME. MASATA ÁRE,

“The Company" har on banda, large Number of

NEW CARGO STEAMERS

"ALWAYS KKADY FOR end CHARTERS of all <descriptions,

The following are comprised in the Company's Flee

Eleven steamers of 9,100 tons each deadweight.

And, under the Company's management :-

Twenty steamers of about 9,100 tons deadweight each

each. Two steamers of about 6,400 tons deadweig Belonging to the Kawasaki Dockyard. Co., Ltd.) Charter Rates and all other particulars apply to the

KAWASAKI KISEN KAISHA

No. 8, BUD, KORE.

122