1920-06-10 — Page 7

FRESH

CONSIGNMENT

Melachrino

JUST

These Cigarettes mi

THE HONGKONG DAILY PRESS, THURSDAY, JUNE 10TH, 1920.

Cigarettes

UNPACKED

purchased Ex. Bond for shipment.

TABAQUERIA FILIPINA,

10, DES

-VŒUX ROAD, CENTRAL

HONGKONG.

1920 CATALOG No. 92

Now Ready

Our 500-page, profusely illustrated cat- alog of General Merchandise, Food stuffs and Machinery is now ready.

The general increase in price of all merchan- dise makes it more than ever desirable to exercise the greatest care in buying. "A com parison of our prices with those locally in effect will show that we offer a worthwhile saving.

Everything you want

In the new catalog you will find illustrated, described and priced, practically everything you want for the HOME, OFFICE, FARM, SCHOOL or HOSPITAL.

Groceries, Dry Goods, Clothing, Furniture, Electric anS porting Goods, Gas Engines,

Auto Supplies, Bicycles, Farm Implements, etc., etc

New Shanghal Office To render more efficient service. "to our many customers in China and take proper care of the rapidly growing business we.. have rented offices and sample rooms in the new INTERNATIONAL Y.M.C.A. BLDG., SHANGHAI which will be occupied about April 1st, 1970. Temporary office has been opened at No. 12 Nanking Road, Shanghai, For free copy of our 1920 Catalog, apply to MONTGOMERY WARD & CO.

SHANGHAI. 12. Nanking Road,

WHOLESALE & RETAIL. We guarantee that any merchandise purchased from a will be found upon arrival to be exactly.

<repromated in th: ostalogas.

Wi Guarantee Safe D; }ivery}

"MONTGOMERY WARD & CO.

Chicago, U. S. A.

WE BUILD AND ENGINE

MOTOR BOATS

"OF ALL DESCRIPTION. ·.

Express Launches.

Cabin Cruisers.

Work Boats,

Shallow Draft River Launches.

ALEX ROSS &Q

25 DES VOEUX-RPC GARAGE KOWLOON

TEL K417

TEL: 27

+4

428

WILL PRICES FALL? PROBLEM OF INFLATED CREDIT,

of

Reports fruny & aumber of leading in- dustries indicate rather less active condi tions in the demand for commodities and it would seen as if at least a "pause" in the upward course of prices may be in prospect, writes the City Editor of The Morning Post. It will be recalled that during the war the fear in business circles was that the termination bostilities might be followed by a sharp decline in prices and a Government, com mittee was appointed to consider the means by which assistance might best be given to industry to enable it to surmount Except for a brief Buch conditions period "following the armistice, these ex- pectations have been entirely falsified As a result of the war there was a world shortage of manufactured goeds and the continuance of inflationary methods of

NOTICES TO CONSIGNEES

INDO-CHINA STEAM NAVIGATION

CO., LTD.

NOTICE TO CONSIGNEES.

"

THE

Fox KOBE

Stay

PLAYSAN having arrived from the above ports, Consignees of surge

ber are hereby informed that all gooils are being landed at their risk into the nazardous and or extra hazardous Godowns of the Hongkong and Kowloon Wharf and Godowa Company Limited, whence, and or from the wharves, delivery may be obtained.

Grund

not cleared by the 12th June, 19, will he subject in rent.

All broken, chafed and damaged packages are

to be left in the Godowns where they will be

INDO-CHINA

STEAM NAVIGATION COMPANY, LIMITED,

VAILINGS SUBJECT TO ALTERATION

KORE SHANGHAI- SHANGHAI via SWATOW & NINGro.. MANILA

EAIPHONG T HOTFOW

INGAPORE PENANG & JAVA SHANGHAI

-*FOOKSANG "Thu, 10th Jane, 5 p.m "LOKBANG Fri 11th June, D'light "OHOYBANG" Fri, 11th June, D'light, "LOONGBANG* Fri. 11th Jane, 3 p.m. TAKSANG. Tues, 15th June, 8 a.m. ...CHUNSANG Tres, 15th June 3. p.m.

"HANGSANG! Wed, 18th June. D'light CALCUTTA LINE: This Line affords regular sailings to Calcatta, Penang and Singapore; returning fron Calcusia steamers proceed via Straita and Hongkong to Japan, occasionally calling at Shanghai. All steamers have excellent "nassenger Accommodation, ars Atted

...

war finance added an enormous sum-to the examined. Claims against the steamers must be SHANGHAI LINE:--SA Electric Light and Faas sad carry a fully-qualified

world's purchasing pawer. The shortage of goods has only been remedied to a par tial extent, but the shortage now exists chiefly in those countries whose credit is so much impaired as practically to exclude them as buyers in the world's markets. There is obviously a limit to the extent to which the creditor countries can con- tinue to supply their goods upon credit. for meh a proceeding merely menu", an additional inflation within their awa borders.

CONTRACTION INEVITABLE

The United States has already declared Great that this limit has been reached. Britain has stated that she seeks no fur ther Briancial avvistance from the United States, Manufacturers both ters and in the United States are beginning to ba faced with the prospect of having w seek for market for, their production instead of finding buyers clamouring for all that they can produce, as is generally the case when prices are rising, and the middle Huan is certain of his ability to dispose of bis purchases at a profit. That a décline in prices must come at sumie time or other is axiomatic, though in times of infation it is an axiom which is often forgotten. Inflation can lead in but one direction. nad it is right that this should be recog nised so that the necessary preparation may be made for the period of business restriction, which must inevitably be the accompaniment of lower prices. The re- placing of the British pound sterling upon a gold bavi will obviously involve a reduction in-stering prices-when it is achieved, and if, in addition, gold prices themselves should decline, as the business community in general feared during, the war would ultimately be the case, the con- traction will be the more severe.""

LOWER PROFITS,

rxented within 10 days of arrival otherwine. iber will not be recognized.

No Fire Intrance will be effected by us in any case whatever.

Bill of Lading will be countersigned by

MANILA

Approximately every five days between Canton and Shanghai, sometimes calling at Swaton Through tickets can be obtained and through Bill of Lading are issued to all Northern and Yangtze Porta via Shanghai, by vessels with good LINE:-A weekly service is maintained with

passenger

JARDINE, MATHESON & CO. LTD.. HAIPHONG LINE:-Sailings approation, sailings from both.ports every Friday..

་

General Managers.

Hongkong, June 7th, 1900.

(104)

INDO-CHINA "STEAM NAVIGATION. COMPANY, LIMITED. NOTION TO CONSIGNKI. "FROM CALCUTTA, PENANG and SINGAPORE.

Steamship

"FOOKSANG*

having arrived from the above ports,Consignees of Cargo by bar are bereby informed that all Goods are being landed at their risk into the Bazardous Andier extra határdous Godowns of the Hongkong and Kowloon Wharf and Godown Company, Limited, whence, and/or from the wharves, delivery may be obtained. Goods not cleared by the 14th inst. will be bject to rent All broken,

en, chafed, and damaged packages are to be left in the Godowns, where they will be examined. Cialis against the steamer must be presented within 10 days of arrival, otherwise they will not be recognized.

No Fire Insurance will be effected by us is. say men whatever.

EIL.of Ending will be countersigned by JARDINE, MATHESON & Co., LTD.

General Managers."

[1047 Hongkong, June 8th, 1920.

NOTICE TO CONSIGNEES. 8.8. "DOYLESTOWN" VOY 3-HOME.

via PENANG CALCUTTA FROM

and SINGAPORE.

THE above-mentioned

vessel beving

Couricnees of Cargo are hereby notifed that they must produce an Import Permit signed by the Superintendent of the In perts

BORNEO

TIENTSIN

weekly: for passengers and cargo, calling at Hoihow when inducement offer

LINE-One sailing per minth between. Hongkong and Sandakan by

steamer having up-to-date accommodation for pazengers.

Cargo taken on through Bill of Lading for Kuadai, Jesselton Labuan, Tawao and Lahad Datu

LINE-A regular service is run from March to November between Hongkong and Tientsin, calling at Waibaiwai and Chefoo.

GALOUTTA

66

LINE

S.S. CHUNSANG"

will be despatched on or about June 15th, for JAVA PORTS

via SINGAPORE, PENANG, BELAWAN & DELI.

Cargo accepted on Through Bills of Lading (Transhipment at Singapore) to RANGOON, PORT SWETTENHAM, MADRAS and CALCUTTA.

For Freight or Passage apply to-

TELEPHONE No. 218.

Jardine, Matheson & Co., Ltd.,

GLEN

GENERAL MANAGERS

AND

SHIRE

oint Service of Steamers.

& Exporta, Hongkong, before Bills of Lading U.K.-STRAITS, CHINA & JAPAN SERVICE.

can be countersigned

The coutraction period when it arrives will proven severe test for trade, finance, and for Lairxur. The cry at the present arrived from the above-mentioned tin is for a reduction in the cost of

Ports, consignees of, cargo are hereby Jiving, hat lower commodity prices are

informed that they must take immediate only compatible with reduced industrial activity Consequently tho Baancial delivery of same from alongside, and all errations which have been built upon the Cargo impeding discharge will be landed Went scale of prófts of the inflation-period at their risk and expense into the Pacific Mail

Goddwokat L'ompany's must suffer a reduction in their profit-Point and stared at Consignees risk.

Steamship earning capacity, while attempt on the part of Labour to maintain the highr wager of the inflation period without great inercase iufficiency can only aggravate the employment crisis which is bound to occur with any diminution of sponding power. No doubt the progress of deflation, which has yet hardly begun, will be attended by demand for fresh in- flation as soon as it threaten to reduce profts. Of particular interest in this con. nection is recent article by Mr. Alexander Noyes, in the New York Eren- ing Post. in which the writer, discussing the fall in foreign exchange, referred to the reversal of policy in the United States after the Civil War, when the Govern ment began to reduce the redundant note circulation.. but had, not the courage to carry the plan through.

AN, AMERICAN VIEW.

Mr. Noyes, referring to the case of Eng- land. remarks that there is probably less chance of this attitude because the nutra sity for resumption of gold payments is, "But it in our case, peculiarly great will be an arduous and trying operation, he writes, "and its progress will unques tionably be interrupted in due course hy a severe financial crisis and a period of hard times. No war of this sort and no "kuch indulgence in infinted' credit and in- fated currency has ever failed to bring These things a~~gineer-at-some time within a decade after the war ended. England, like the rest of Europe, will have to pay the price. The test will be both of her ability and of her willingness to pay it. But the past history of Eng land's finance and trade is a fairly good witness to the fact that she will have both' the capacity and the endurance. The course of sterling exchange will be governed during that period partly by England's success or failure in regaining her old footing in foreign trade, but very. largely by her "handling of the currency problem."

The need. therefore is for Beadfast courage on the part of those who control our financial destinies and the whole hearted co-operation of all sections of the community in the rebuilding of our trade "and industry upon a lasting-basis-rather- than the unstable foundation of credit in-- flation, while with due foresight the evila which Mr. Noyes predicts should not be incapable of mitigation.

NEW YORK FIRM'S SENSE OF.

DUTY.

The John Wanamaker Company, which Operate the largest department stores in New York and Philadelphia, has an- nounced that in the effort to break the hackbone of high prices" its entire stock of merchandise valued at four millions sterling, will be sold to its customers at a discount of 20 per cent. It only motive in doing this, the company advertisen, în a conscientious sense of duty, because the Government reports show that prices are:

till-advancing.--

All broken, chafed and damaged goods are to be left in the godowns where they will be examined on June 8tb, at

10 AM

All claims must be presented within a week of the steamer's arrival here after which they cannot be recognized. No claim will be admitted after the goods have left the godowns, and all goods remaining undelivered after Jane 10th, will be subject to rent

No Fire Insurance whatever will bo efected...

Consignees are requested to send in their Bills of Lading for countersignature im- mediately

PACIFIC MAIL STEAMSHIP Co., As Operators, U.S. Shipping Board. Boogkong, June 3rd, 1820

MARTIN'S

Vessel

"CARDIGANSHIRE * "GLENGYLE" "GIENTARA * "GLENAMOT

7 Vernel

"CARMARTHENSHIRE"

GLENGYLE" "CARDIGANSHIRE

10:6

"

MARGIR Cames, Denshamöten. Eng

MARTIN'S

MASTER:

THE NEW FRENCH REMEDY.

THERAPION NO. 1 THERAPION NⱭ2 THERAPION NĚ.3

*1 No. 1 for Bladder Osmerito le. 2 for Blond A Ekin Dipesane, “Ho, 3 for Chipada WeslDARRAK. SOLD SY LEADING CHEMISTE.

BREIXADE MARKED WORN

DR LECLERCHOLTA I LA DESAVAN

IKERAFION" ON

| Mary, ngyt. NEAMT AJULIKO TO GREVINE PAGEZIE

HONGKONG TIDE TABLE.

From 1 th to June 16th, 1990.

HIGH WITEE.

H'kong Standard

Height,

LOW WATER.

H'Long

Time

Standard

alleight.

b

m. ft. in.

2. FIL

ft in.

469 21

38

Thar 10 (~4 20

Fri 11m 5 5

Sadar 12m 5 40

111 14a3 449.47 117 14.

Bun 13m 6 18 7J6 Mon. 14m

15 a 4

Tues, 1m 7 35

1

031 26 1:52

26

1271

2 6

2 18

7.5

1 17 2.7

3. .05

Wed. 16 819 178.

10:12 44

m. 139 27

OUTWARDS.

HOMEWARDS. Leaves Hongkong

ird July 28th July

28th July

Deo Hongkong

9th June.

30th June.

12th July.

15th July.

Discharges

...LONDON & ANTWERP

„GENOL, LONDON Å ÄNTEERE

LONDON & ANTWERP

·Movements are subject to change without notice.

For freight or further particulars please apply to:-

Jardine, Matheson & Co., Ltd.,

(The Glen Line, Ltd: AGENTS: The Royal Mail Steam Packet Co

Owners of "Shire?? Line;.

Tel. No. 115, sub, czdj 31.

Cable Address

Kawakisen, Kobe. Bentley's, ARC 5th Ed.

and Scott's Codes.

Telephone: Sannomły

-2844,-2682-

KAWASAKI KISEN KAISHA

(KAWASAKI STEAMSHIP CO.)||

CAPITAL PAID-DË.

President: Mr. Y. EAwaraxi,

Vice-Preddemi: Mr. K. MatsuKATA,

120,000,000

-Managing Director: Mr. Manara ̈Âu,

The Company has on hand a Large Hamber of

NEW CARGO STEAMERS

ALWAYS READY FOB

GHARTERS of

all

descriptions.

The following are comprised in the Company's Fices

* Eleven stermers of 9,100 tons each deadweight.

....

And under the Company's manage

Twenty steamers of about 9.100 tons deadweight each Two steamers of about 6,400 tons deadweight each,

Belonging to the Kawasaki Dockyard Co., Ltd.). (" "For "Charter] Botes and all other partículors apply to the

KAWASAKI KISEN KAISHA,

No. 8, Bus, Koek.

#50 - 0 1

122