1920-03-30 — Page 2

Page

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19-1

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HEAD OFFICE: Hongkong, No 47 d 48, Connaught Road Central, Tel. No, 1130. ARCH OFFICE: Shangkat No. 483 and 431, Nanking Bowd. Whether to FAUTORIES: Hongkong, Wing Hing Street, Causeway Bay, and Shanghai, No. 71. North Scochow Bord

MARCH BUTH

selves, before the War, will be resumed

1920

as well as the firm's interest, The Com-of Germany's diabolical and cowardly prac mittee have once again to acknowledge the ticos of firing op defenseless women and ability, carefulness and seal with which children in open boats and leaving help the Director, the Ber. Dr. T. W Pearce, seen on their submerging submarines LLD, contiles to conduct this work drown. I see no reason to alter the for the advancement of the Colony's Com-view this Chamber has expressed in no merce-Applause.) The Committee also uncertain manner from the beginning of desire to place on record their apprecia the enemy submarine frightfulness, views tion of the services of the late Mr. N. G.well known to coincide with the Londor Nolan, Chief Interpreter of the Supreme and other leading, Chambers," regarding Court of Hongkong as Examiner of the the" Ton for Ton policy.—(Applause.) School and to express sincere sympathy with his family in their recent bereave-

THE RICH SITUATION. P ment.

THE PROPOSED SHANGHAI MINT

tion with repatriated coolies. There was

268.

11

The

delicately poised transhipment trade of the Colony. A considerable correspon- STORM SIGNALS AND TIME BALL..

dence will be noted in the report on the The question of storm signals has been question of indenting for supplies through before your Committee as in previous the Crown Agents referred to previously" years and after further mature considers in 1937, and the Committee is in entire tion, and as a result of extensive expert sympathy with notion taken by the Singa enquiry, the Chamber advised the Govern pore Chamber, with a view to Government ment, that although some Shipping Mas-allowing local firms the opportunity to ters were in favour of the Hongkong compete for this business, and it is hoped system, as against the China Coast system, that the matter which has again been which others preferred, they practically referred to the Secretary of State will all favoured uniformity, to secure which receive favourable consideration. it appeared necessary to adopt the China Government have here an opportunity of Coast system, and the Shipping Com assisting local British firms which it can- munity are indebted to the Government not be said it went out of its way to do for falling in with and adopting these before the war. It will be noted it is not views. The China Coast system will suggested that the rate-payer should therefore, now be in use in these waters saffor, but merely that local British firma ба The Time Ball is also now dropped at should be given the opportunity to com 10 am and 4 p. except Saturdays, pete for the business, which would appear Sundays, and Holidays, instead of at to be in the rate-payers' interests. 1p.m. and Time Wireless Signals flashed

TRIBUTES

ing out these suggestions also. ping are due to the authorities for carry at 9p.m. daily. The thanks of the Ship

HONGKONG. GENERA Lwell as the Telegraph Company a and ours, CHAMBER OF COMMERCE. the present tansatialzatory position will no doubt be regulated & expeditiously as ANNUAL GENERAL MEETING.

possible. We are further advised that a INTERESTING QUESTIONS DISCUSSED.

new cable is being laid between the United Aingdom and Gibraltar, and orders are The annual general meeting of the beng given for the manufacture of a Hongkong General Chamber of Commerca cable to provide a new fast speed line to was held yesterday evening in the Chim the East, vis the Mediterranean, Red Son, ber's room. The Hon. Mr. E. D. Parry Bombay, Madras, and Singapore. A large Vice Chairman, presided and there were quantity of new apparatus is also on also present the Hon. Mr. P. H. Holyoak, order, which, it is stated, will tend to the Hon. Mr. N. J. Stobb, the Hon. Mr increase the capacity of the existing John Johnstone, Messrs. Ross Thomson cables. It is to be hoped, therefore, that

My speech would not be complete without J. A..Plummer, OH. P. Hay, J. W. C. the time which mass clapee before the

some reforence to the rice situation so far Bonnar, C. 8. Gubbay (Committee), and whole of these requirements aro mot will

The shortage of dollars in Shanghai in may be divided into two parts, namely, as this affects Hongkong. The question Mears. J. M. Alves (Messrs. J. M. Alves ha as short as possible, and that the spoed December last caused great inconvenience the rice sifting and transhipment trade of & Ca), B. Monteith Webb (Mesara Ara- bold Bros. & Co., Ltd), Lindsay Woot transmission of telegrams, and com. to trade and at one time it was not possible Jongkong, and the rice consumed proper (Messrs. Banker & Co.), L. Berindbagus Parativa troedom from errors on which the to obtain sufficient for the Paymaster at of Hongkong. As regards the former, a (Messrs. Banque de l'Indo Chine), J. Telegraph Companies justly prided then Tsingtau to meet requirements in connec referencs to the report will reveal to mem Plummer (Messrs. Bradley & Co., Ltd.), with the least possible delay-(Applause.) strong evidence that the Nanking Mint Ibers that much time has been given by Rass Thomson (Messrs. Butterfield & regret to have to mention, however, was holding up dollars with the object this Chamber in collaboration with the Swire), R. B. Cooper (Mesars Cawasjes that in some cases the delays to parti. of keeping the price at a level very much Association of Exporters and Dealers of Pallanjes & Co.), J. L. Crockett (Meaarscular telegrama are inexplicable and it above miating cost. The result of repre- Hongkong in arriving at an agreement Chartered Bank of India, A. & China), difficult to believe that the local system sentations through the British Consul for grading certain qualities of rice with B. W. Tapo (Messrs.. China Mutual Li Insurance Co., Ltd.), G. M. Shaw (Mesarot at fault somewhere when messages General at Shanghai and the Minister at the Rice Association of California. Copr China Sugar Refining Co., Ltd.), G. H. 10 rms not ave minutes walk from the Peking was the proposal by the Chiness of the agreement will be found on page Elliott (Messrs. Commercial Union Assur Telegraph Office take 45 minates in de Minister of Finance to establish a branch ance Co., Ltd.), E. Rodenfuser (Com livery, also when a message from Sings of the Nanking Mint at Shanghai, Your

This agreement has been signed by prac pagnie des Messageries Maritimes), G. More to Hongkong takes 90 hours one Committee fully endorse the opinion of ically every Hongkong firm interested in Dodwell (Messra, Dodwell & Co., Ltd), day, and one immediately before or after the Shanghai Chamber that this proposal the export of rice, and is undoubtedly of L. N. Whyte (Messrs. Donnelly & Whyte), is delivered in under 24 hours Cases of to establish a branch of the Neaking Mint great value in regulating the relations G. W. Barton and W. Dunbar (Douglas this kind are serious handicaps to trade in Shanghai is no more than a move to between the merchants of this Colony ant B.S. Co., Ltd), T. W. Hill (Messrs and may cause great inconvenience and strengthen the already powerful hold of the rice importers of California. As Rastorn Asbestos Co.) C. Bond (Mess the loss of large sums of money. With the mint interest and to block reform, and regards the rice consumed in the Colony, Gande Price &Co., Ltd), J. W. a reference to the much discussed subject that what is required is a Central Govern- I can say that the Government are very Bonnar and A. 0. Lang (Mess of "urgent rates, it is to be hoped the ent Mint open, as the resolution paased much alive to the situation and in the Gibb, Livingston & Co.), W. A. Hannibal Telegraph Company will soon be able to at the recent Conference of Chambers event of a shortage it is hoped it will (Messia. W. A. Hannibal & Co.), J. make such arrangements as will reduce so with adequate guarantees for the manner as will in nowise interfere with the

there stated, to the free coinage of dollars, be possible to deal with it in such a man- ( Arnold (Messrs Hongkong. Canton & normal the too frequent present necessity tenance of the fineness and weight of the Macao Bteamboat Co., Ltd.), F. Grahame of having to pay three times the tariff coins. (Mesara, Hongkong Electric Co., Ltd), rate for what, it is feared, has too often Li N, Leafe (Mesars. Hongkong Fire Proved a doubtrul advantage. I mention Insurance Co., Ltd.), 8. W. Ho (Mesara these matters in the true interests of the Hongkong Mercantile Co., Ltd.), N. J. Telegraph Co. and of trade generally. Stabb (Mesars, Hongkong & Shanghai

THE OUTWARD MAILA. The delay to the outward mails, also Banking Corporation), W. E. Roberta (Messrs. Hongkong, Tramway Co., Ltd.),

referred to in our report, has been cur- Ade Bouas (Messrs. Hongkong Import tailed during the year by shipment per and Chins: Produse Export Co.) T. F.indian mail steamers via Marseilles, Hough (Messrs. Hughes & Bough), B. D. Bombay, Negapatam, and Singapore Hutchison (Mesir Hogs, Earanjia & which, however, necessitates a wait at the Co., Ltd), John Johnstone (Messrs Jax latter port for a direst steamer for China dine, Matheson & Co., Ltd), D. K. Blair That is the reason, gentlemen, why some (Messrs Marine Insurance Association of mails arrive more quickly than others, the Hongkong), CL Sandes (Messrs. Mer-time in transit necessarily depending cantile Bank of India, Ltd.), W. Joseph upon the wait at Singapore for the first (Messrs. J. Michael & Co.), G. C. most expeditions steamer for Hongkong Moxon, A. G. Coppin (Mesara, Nestle It will be readily understood that the first & Angle Swiss Condensed Milk Co.), tenner leaving may not be the quickest JW. Stackhouse (Messrs. New Zealand therefore, discrimination on the part of Insurance Co., Ltd.), H. P. Smith the Post Office at Singapore may some (Messrs. Percy Smith, Seth & Fleming),

times be necessary. I understand tho P. H. Holyoak (Messra. Reiss & Co.), J. M regarding the possibility of forwarding Postmaster General is making enquiries

was at bome in calling attention in the We have to acknowledge the good work da Rocha (Messrs. J. M. da Rocha & Co. Homeward mails also by this route, when

of Professor Middleton Smith while be CH. W. Ker (Mesara Rudolf Wolf &amore direct service is not available.

Freas and elsewhere to the importance of Kew, Ltd., A. G. da Rocha, C. 8. Gubbay Same merchants, indeed, already forward your Committee proposed the names of trade and we do not doubt that what he (Messrs. D. Sassion & Co.), GE

At the request of the Colonial Secretary, China as a beld for the development of Wetton (Messrs. H. Skott & Co.). Ein Singapore to be reposted by the weekly of enquiry into the economic resources of the advantage of trade of the Colony.

letters for Europe, etc. to their friends certain gentlemen to serve on a Committee war able to do in that respect will be for Stephens (Messrs. H. Stephens & Co.), mails thence via Negapatam and Bombay. the Colony. This Committee of enquiry The Committee learned with deep regret FP. Talati, S. M. Churn (Messrs. Union Trading Co.), C. H. P. Hay (Messra.

bas now been appointed and is sitting of the sudden death in November 1st of Union Insurance Society of Canton, Ltd.), The question of the registration of under the chairmanship of Sir Paul Mr. C. H. Ross in England. Mr. Ross W: C. Shiner (Mesare. United Asbestos firms, trading under names other than Chater C.M.G., and it is hoped the re- valued assistance to this Chamber, when Oriental Agency Ltd.), PA Xavier their own, has been very carefully con-

ault of its labours will prove of the great he was in Hongkong, will be remembered (Meters PA Xavier & Co.), and S. sidered by the Chamber's Legal Sub-Com- est benet, to this Colony. The Committee by many present members, and his willing Leung (Messrs. Yuen Hop Hong). mittee and legislation to counteract has been divided into various Sub-Com- and cordial services continged to be ever The CHAIRMAN said Gentlemen,The practices often misleading was proposed mittees whose reports will be forwarded at our disposal, after he left China to report and accounts have been in your to the Government. hands for some days and we will, with acknowledge with grateful thanks the time

in due course to the Government and from assume charge of his firm's affairs in The Committee

time to time. your permission adopt the usual course and trouble taken over the legal aspect

London. Only last June, gentlemen, as and take them as read. It will be observed of the matter by Mesars. C. D. Wilkinson

presenting this Chamber at the Imperial ther indebted to him for so efficiently re will be seen from the report, we were fa that the correspondence during the year Gedge and J. Scott Harston, and I will now refer to those questions which been found practicable to pass the pro-

Committes during the year. We are has again been exceptionally heavy, and regret that it has not, up to the present,

Council of Commerce in London. appear to deserve special mention da posed legislation. Older membera may

As usual there have been changes in our briefly as possible.

remember that & Royal Commission sat

Probably few, if any of our present THE CARLE DELAYS, Telegraphic delay has been the subject subject some years ago. It would appear but with its growing industries, the Behe is retiring and shortly leaving us, we and reported to the Government on this aporte, owe 75 per cent of their total gain indebted to Mr. Mr. J. W. C value to Colonial labour and material, Bonnar for his valuable assistance and, as of a voluminous correspondence more or that merchants. must protect their own galations under Notification No. 650 magwish him long life and every happiness less throughout the year, and the follow interests by making any enquiries con ing detailed information on this subject, corning their correspondents they may prove of the utmost importance to the in the Old Country. (Applause.) which has come to hand since this report deem necesary, through the Chamber of Colony, marvind was printed, will no doubt be of interest. Commerce at the port concerned, the lead-

I would also like to record the masterly The London Chamber of Commerce in- ing banks or other ordinary channelä.

During the year your Committee have, has led and conducted the Chamber's manner in which the Hon. Mr. Dodwell forma us, in reply to our advices, that

in conjunction with the Government, aflairs, as its Chairman during the year, question of telegraphic delay has been THE CHAMBER'S PUBLICATIONS.

stantly before the Home Chambers,

formed the first two scholarships at the and I can speak for him that he greatly The Committee desire to acknowledge Hongkong University for Yunnanese regretted having to leave for home before practically ever since the Armistice, the gratifying support to the Chamber's $1,000 per annum for 5 yearà, and I am Our thanks are also due to him and the

students. The Chamber's committment is the outset, efforts were, concentrated upon **Daily Bulletin- the abolition of the so-called Government continued assistance to enable this special sure you will agree with the policy aimed Hon. Mr. John Johnstone for so ably re

and hopes for your

this annual meeting could take place. messages and the re-establishment of the issue to subscribers to be carried on with t in this connection of spreading the presenting this Chamber at the first of the unrestricted use of codes, registered tele out lose to the Chamber as hitherto Chinese, so far as may be possible with proposed Conferences held in Shanghai aphic addresses, deferred rates, ete: It Apart from the value of the cables at the limited funds at our disposal (APterest to all merchants in Chins and

desire for Western education among the was anticipated that, when this was effect commercial information

the Daily

last autumn, when matters of common in- ed a considerable amelioration would re Bulletin presents in a form very handy plause). walt, but in the latter months of the year for reference, the existence of this little

BILL OF LADING things went from bad to worse and con- journal has enabled us to initiate a ser With regard to the steps taken to obtain tinual correspondence both with the Lon-vice of news to the vernacular papers on increased valuation on Bills of Lading don Post Office and the Cable Companies which I hope, in time, will be considerably it is understood the leading lines have resuited The primary causes of tas de extended. Morcover, it will be a subject advanced the value limit up to £10 per lay are as follows: The length and num for the consideration of your Committee 100 and 2000 per package respectively ber of the cables despatched at the present whether, by the inclusion of market re This arrangement does not apply to all time is largely in excess of normal, the ports and prices current and in other number of words dealt with in 1918 was ways the scope of the Bulletin cannot 180 millions, as compared with 64 millions be widened until it becomes more repre in 1913. Certain lines such as the Indo sentative of the trade of this port and we European, interrupted from the begin can utilise it as the official journal of this ning of the war, are not yet in operation Chamber. The Indo-European and Great Northern, the latter still interrupted, via Russia and Germany, carried a large proportion of the Far East and Indian traffic before the War. The whole of the telegraphic buai nose between the East and the United Kingdom has, therefore, to be carried by the Eastern and Associated Telegraph Companies Then it has not been possible to maintain the cables in a proper BATA of repair during the War years, exposed I would like to refer particularly to this se they were to the full blast of the Chamber's School for the study of Chi enemy's submarine and mine warfare, nese, which has done such good work in although, like all the other brave members the past, but fell away somewhat so was of the Mercantile Marine, the repairing to be expected with the depleted staffs abips of the Eastern Telegraph Company during the war. With the return of our were at work, we are informed, practically brave defenders to their former spheres night and day Applause) Owing to of commercial ússfulness we look for full the enormous demand, manufacturers are classes, and it is hoped all firms here will unable to promise delivery of material for encourage in every possible way their new cables. In their own interests, ns employees to join the school in their own

33:

REGISTRATION OF FIRMS.

I would also mention bore the Shanghai British Chamber of Commerce Journal as interesting reading for merchants and a useful medium for mercantile advertise ment. The Secretary of the Chamber in Shanghai will be glad to learn of any new developments of interest to general trade, in connection with firms at this port

SCHOOL FOR THE STUDY OF CHINESE,

14

THE COLONY'S ECONOMIC RESOURCES.

550 regarding Imperial Preference will

WIMPERIAL PREFERENCE Government Notifications Nos. 399 and

doubtless been carefully considered. at have escaped you and their import ance to the frade of this Colony has

UNIVERSITY SCHOLARSHIPS.

trades but shippers who have raised this question, chiefly those interested in Man chester goods, have, it is understood, been notified that claims will be dealt with on this-busis

TON FOR TON"

Hongkong were fully discussed and have been referred to in the Press (Applause) It is intended and hoped that this Con- ference will be held annually at some cen- tral Port (Bhanghai would appear to be indicated in this roepent), and that such Conferences will prove of inestimable value to trade and have far-reaching bene ficial effects on the foreign trade of China asociating this Chamber with the many I cannot close this address without

on the "Ton for Ten Policy have been Bt. Hon. Sir John Jordan I explained good wishes expressed on all sides to the

courteously acknowledged by the Govern. to Sir John that we should like to have The Chamber's previous representations retiring British Minister to Peking, the ment. By the terme of the Peace Treaty shown our appreciation of his great Germany bay recoguised services in Chins, by entertaining The principle of replacement ton for him on his way home, but his ton and class for class of all the mer brief stay. chant Shipping and Fishing Boats lost day being Sunday rendered this im

in the Colony and the or damaged in the War. She is ta cede practicable. Our wishes are none the less to the Allies all German merchant ships sincera for his health and happiness in biz of 1,600 tons gross and upwards, one well-deserved retirement and hope he half of the ships between 1,000 and 1,000 may long be spared to place his intimate tons gross and one quarter of her steam knowledge of affairs and vast experience trawlers and fishing boats and to build in the Far East, at the service of His merchant ships for account of the Allies Majesty's Government at Home. (Ap up to 200,000 tons gross annually for planse,)

five years from May, 1919.(Applause); With these remarks I beg to move the politicians may say about writing off when seconded I shall be pleased to

Gentlemen, whatever "wait and see adoption of the Report and Accounts, and enemy Indemnities as bad debts it will any questions to the best of my ability take many years to expunge the memory (Applaus.)