1920-11-10 — Page 2

Page

THE HONGKONG DAILY PRESS, WEDNESDAY, NOVEMBER 10TH, 1920.

THORNYCROFT

JOHN L. THORNYCROFT & CO., LIMITED.

SHIFEJILDERS AND ENGINEERS,

LONDON, SOUTHAMPTON AND BAHinortoke,

Shanghai Office: 65, Szechnen Road

15 B.H.P. 30 B.H.P. 50 B.H.P. Engines

in Stock

For quotation apply-

BANAN

SHOES.

R. R. ROXBURGH,

Manager for China, HONGKONG HOTEL,

Marked durability and permanence of appearance makes

ན་

this a Shoe which experlenced purchasers like to wear. ----E STYLES IN TAN and BRACK JUST RECEIVED-

MACKINTOSH

& CO. LTD.

MEN'S WEAR SPECIALISTS.

18, DES VŒUX ROAD.

TELEPHONE 29.

BANQUE INDUSTRIELLE

DE CHINE.

FRENCH GOVERNMENT LOAN 6% 1920.

NOMINAL VALUE

PRICE OF ISSUE

100 Francs.

100 Francs.

December,

Interest payable twice a year on 16th June and 16th

"First instalment due on 16th June, 1921.

UBSCRIPTIONS WILL BE RECEIVED FROM TO-DAY up to the 25th Novem

ber, 1920, free of commission and telegram charges, and the most favourable rates of archange will be quoted for the payments made in local or any other currency.

For full details and particulars apply to the-

1690)

BANQUE INDUSTRIELLE DE CHINE,

STOCK DEPARTMENTS,

Queen's Buildings,

6, Chater Road,

HONGKONG.

THE LEADING BRANDS

MANILA CIGARS

EL PALACIO

&

IMPERIO DEL MUNDO.

BOLU AGENTS

THE HONGKONG CIGAR STORE

CO., LTD.,

NEW FRENCH GOVERN NEW

MENT LOAN

6%

HOTEL' MANSIONS.

6% FRENCH GOVERNMENT LOAN.

JAPAN'S COTTON INDUSTRY.

PROBLEM OF PRICE. PESSIMISTIC VIEW OF ANY IMMEDIATE FALL.

CHINESE AFFAIRS IN THE

STRAITS SETTLEMENT. GREAT INCREASE OF FEMALE IMMIGRANTS.

HIGHER WAGES DEMANDED.

The amuunal report of the Protector of Chinese, Straits Settlements, for the year 1019, states:--

The total number of fumigrants from

INTIMATIONS

INTERPORT

CRICKET:

LEAGUE.

DANCE AT THE REPULSE BAY HOTEL.

9.30 r., SATURDAY, NovEMBER 13TH.

DANCE has been Kränged in honour of

A. the Tuterport Cricket teams to be held

number of ticket cack including the cost of SATURDAY, Novexitk 13TH. · A limited supper, can be obtained from the Hongkong Hotel at 13 per ho

A TALK WITH MR. MUTO SANJI

MF Mito Sanji is the apostle of anju sh or the paternalistic, principle in A foncer special cable, dated London, industry, and one only has to do the rounds October 12th says: The wholesale prices of of his wondarin Kanegaluchi mill to be cotton, tea, certain metals and oil have been converted, the only reservation in que's declining here for some days and a number and arising from the fact that other mills of commodities are now quoted in New are so very different. Although some of York” at about & per wat, below the prices the others pay a higher dividend, there is ruling when tho Armistice was signed. As Hone whose funucial position is so strung a result some of the papers are ngain cry. China arriving in the Colony during 1919 at the REFULA BAT Horez at 9.30 r., on and whose reserves are so large, so ring out that the long desired break in was 70,912 an increase of 13.401 or 91.4 per Muto mag be taken ny having prived that prices is at hand. It is many months since cent over 1915, the year with the lowest is pays to spend à "substantial proportion

we were fire will that the era of high immigration on record; the difference in of the profits on the weltage of the workers, Prices, showed signs of coming to an end the figure for 1910 and 1011 the highest Bu bere again the deurgestenbly Dent:

The markings of the goods in the windows example is seldom followed. However, it of various shops were then paraded a year, being 195.943, says the report. Was not to discuss paternalis that a vitence. They were all, or nearly all, and reports as to the high cost of living Unfavourable exchange rates with China Chronicle representative sought Mr. Muto! tu bisewn stronghull the other day, but the prices of women's clothing and the real in the Straits duc, to the high price of to see whether he could spare some time fact was that the munition workers and rice, and of other foodstuffs used by the from the great affairs which he directs others who earned unaccustomed sums out Chinese, discouraged migration during in order to talk about the present condiul the war had ceased to be able to squander the year other adverse influences were the tion of the cation industry in Japan, money on such things. The example was institution of regular steamship comman

pecially on the financial side. As usually not widely followed nad could not be follow: cation between China and the Netherlands happens with me who really do a lot of ed for long by many trades. False hopes East Indies, the consinuation of immig ENTERTAINMENT withour raising any difficulty whatever.

have been excited more than once since

work. Mr. Murb forend the time to sparo i then, and the latest ontbreak of optimism ration via Bangkok free from inconvenient |

THE COTTON COMPROMISE,-

Naturally, the constrution turned first to the ship ad the cotton compromise" bons which much has lately been said and written, Mr Muta's remarks on the sub jest of the brokers avoidance of the great er part of their obligations were interest ing. From your point of view he said, "the brokers degands were exirely u reasonable. But you have to remember that since the forrige merchants first began to deal with Japanese buyers in the open perts, the Japanese dealers, when the mar ket has gone against them, have always made a practice of coming to them for a compromise or adjustment. It has grown to be a recognised procedure, and in the present case the chief difference was that the apunts involved were unprecedentedly large. It could hardy be helped, though, of course, it was a great loss for the mills" Un being reminded of a letter that ha wrote to the Press about a year ago, defending, the mills against the charge of profiteering, Mr. Mine said, Yes, at that time, as you say, the mills were stal full ing forward contracts for cotton yara at Y350 bale, while the brokers were selling is for Y.300 or more, making Y.130 proft on every bale."

VANISHED: WEALTH

"" Then do you not think that, as the brokers made such enormous profits and the mills comparatively little, they should, when the market failed, at least fulfil their contracts, even if they had to disgorge some of their profits,"

Yes, indeed," replied Mr. Muto, but their trouble was that they had spent the money-invested it in worthles shares or go rid of it in other ways.

an bare no better foundation than the previous ones. Alhough the papers dis creetly abstain when denouncing the high prices, or foretelling their reduction. from saying what they mean by high theru

restrictions, and the attractions offered by the chandestine encouragement of poppy ensiration in the Proxinen of Fuhkien.

Special terms for the hire of Motor Cars

Subscribers must provide their own transport. . »

offered by the HoxAKONG HOTEL for a limited number of person only, and application for Hotels Hongkong Office. these should be made us early as poorillo at the

INTERPORT CRICKET ENTERTAINMENT COMMITTEE. 01749

REPULSE BAY HOTEL.

TO INTERPORT... CRICKET AND TENNIS TEAMS.

SATURDAY, Novembra 13ta, 1920.

THE Management beg to announce that the vively for the Ball and Supper to the interport Cricket and Tennis Teams, on the above night in connection with which an advertisement

Press Holders onl Tickets Holiers only will be admitted on the evening in question.

RELOS BAY HOTL is booked, erein-

1750

tataled 3,600, of whom 3,881 continued Adult males arriving in the Colony litle doubt that in the mind of the their voyage to Pennog as against 15,300 in bulk of their readers a high price is gay 1918. The number of immigrants arriving thing over the price ruling in 1914. Now in Penang by tennier from China i Sims the true value of the incher we are at pre pots and 11,144 as compared with 17,131 sent using, mensured by s on the value of the oil gold standard, was measured by in the previous year; of these 784 proceeded the difficulty of earning or otherwise immigrants continue to arrive in the residents at the Repulse Bay Hotel, owing to direct other ports, A large number of Dinners will not be served to other than ting, and it is probably about two-fifths Settlement of Penug i Bangkok; no the Hotel accommodation being taxed to its. that of prewar money. Accordingly prices are not high unless they are more than two-figures can be given for this immigration.atmont capacity on this occasion, and-a-half times the 1914 prices The INCREASS OF WOMEN nearest approach to a frank recognition of this fact that has been published here for numbered 13.893, an increase of 3,259 over Adult female immigrants arriving in 1919 a long time is contained in the resent state went by the Federation of British Indus 1919; the percentage of women to men come tries. In this it is pointed out that soto 31 per cent,, an increase of 9 per cent, long as the purchasing power in the hands over the previous highest percentage year; of the public retains its present voluibe the percentage of children to the total relatively to amount of goods and services number of immigrants was 17.9 as against available for purchase, the general level of 17.2 in 1918, an increase of 0.7 per cent. prices cannot fall. There are only twe The proportion of women to men was ways in which prices can be made to fall higlist in the case of arrivals from Hong- permanently. Either the supply of goods kong, 4,611 women to 6,201 men or 64.3 per and services must be increased without any cent. This large increase in the ratio of corresponding" nett additions to credit or women to men is probably due to the em currency, or else the purchasing power in ployment of women and girls in growing the hands of the public must be oduced. in Departments during the year, 1991- Here lies the unique importance of the earthwork, and in other ways because they are rating to-day. The advance of wages mon datum line proposal which the winers are willing to work for lower wages than offered to them is the first that has been

even discussed for a long time that liesing from Amoy and Statow respectively The percentages ef women to men attr- outside the vicious circle made by wages were 26.8 per cent. and 22.6 per cent. : chasing prices. Unlike all other wage in creases given during and since the war, these percentages reflect mure correctly the this if accepted and earned will increase the proportionate immigration of familien money to be spent in a less degree than it

INLAWFUL SOCIETIES-

bought, so the net result will be an increase under the Societies Ordinance in Singa will increase the quantity of goods to be There were nine sucessful prosecutions in the value of money. So far every ballot pore 53 persons were convicted under raul; anounced has been overwhelmingly section. 13, of whom two were amtenced to

4

PUBLIC WORKS DEPARTMENT.

TT IS HEREBY NOTIFIED that SEALED IHENDERS in duplicate, which should be.. clearly marked TENDER FOR THE SUPPLY AND DELIVERY OF STORES," will be received at the Colonial Secretary's Office until Noor of THURSDAY, the 18th day of NovE, 1920, for the supply and delivery of the following Store required Goverment Ironmongery, Household and Sanitary

Utensils. Dinahes, Tools, Lamps, etc. Asbestos, Rubber, Leather. Packings, Roper,

Clothing, Drapery, Haberdashery, etc. Bamboo and Cane Goods, Firewood, etc, Drysalteries, Oils, Paints, Varnishes, etc. Lubricating Oils.

Kerosene and Motor Spirit Electrical Bioms

Wrought Iron Pipes and Fittings, Brass Tape,

ofc.

Iron and Steel Bar, Plater, Angles, Bran

Copper, and other Metals

and Brass Castings, Manufactured Tron- work, etc.

Cement,

Lime, etc.

Timber. Brick, tender. Tenderers may quote for any one or Each of the shore is a separate and distinct more or all of the above lists, and any ouer more or all be accepted or rejected in whole "

or all musy or in

Ε

part by the Government. asli tender

Do you thick, in these circustanets, that the cotton yarn broker performs an useful economia function?"

I could bartly say that he doe, tibians he changes these wayi.”

"Statements about the spiers deslingers are not showing greater ignorance is months' and one to three months' rige- direct with the weavers, to the disappoint

than the bulk of the British public

rous imprisonment; 10 were cautioned and ment of the brokers, have lately been made.

discharged, and the remainder, fiued sums varying from 825 to 875 enchi; under section Does this indicate a revolt against the system, and a determination to cut out the the great increase in the imports from

12. 6 persons were convicted, of whom on broker 1

America as merely a war measure, caused

was sentenced to 18 months one six months Not altogether," replied Mr. Mato, by demand for fe yarn in India and prisonment; 10 were cautioned and dis and one to three months' rigorous im- Up to solde afteen years ago the weavers China which could not be satisfied by Lan charged, and the remainder fined sums receipt that he has deposited in the Colonial

Bach Tenderer must produce were entirely in the bands of the brokers, cashire. depending on them for the yarn which was Government of India might well do some 12, 6 persons were convicted, of whom one tender form as a pledge of the bond fides of his The Indian cotton, while the varying from $15 to $75 each under section Treasury the am named on the respective their working capital, but now they have thing for its improvement, e, he said, the money themselves, and as soon as the suot suitable on the whole for Japanese was sentenced to 18 months one six monthander, which sums shall be forfeited to the brokers either failed to supply them or work. The attempts that had been reads and one to three months' rigorous imprison. Crown shank the Tenderer rofuse or fail to.. tried to force their hands, they comes to grow cetion from American send in ment, and two were sentenced to one day's carry out, to the satisfaction of the Goremment, straight to the mills to make their pur- Karos had been successful caly in very simple imprisonment and a fine of $100 each the whole or any portion of the respective tender chases; but this has not been a very large limited areas. India is a growing market and one to one day's simple imprisonment, or tenders which may be accepted. The deponit factor in the trade."

will be

be returned to any Tenderer whose tender for Japanese products, but at present the The last mentioned prisoner had already Concerning the brokers who are far from dropping of the rupee onde export to India been fined under section ra.

is not accepted being content with having evaded the very difficult, while it was imposible to There was one informal meeting of the greater part of their obligations but are take advantage of the change in buying Singapore Chinese Advisory Board, which Pply at this Office.

raw cotton, because there had been such was held at Government House after the the lowest or any tender. eagerness to buy fever-that there were excessive stocks, night of June 19th.

mill escaping the cutbreak of anti-Japanese rioting" on the As regards machinery, he was of opinion that in the spinging trade, unless the Bri

LABOUR UNREST- tigh workman tired altogether of work, increase in the price of silver and the high During the latter half of the year, the supremacy would easily be regained, there

For

forms of tender and further particular

The Government does not bind itself, to accept

* W, CHATHAM,

Director of Public Works, Hongkong, November 5th, 1920.

11748

G.

B

now asking the mills to help them by shar- ing their half of the loss sustained by the yara syndicate organised for their help, Mr. Muto said, Their demand being so arbitrary it has been at once rejected by us, but they may come again in the hope of getting some favour."

THAT FAL DECREASE OF OUTPUT. " being no other machinery to touch the Eog-exchange with China combined with the Again, there was the matter of working American machinery during the war had us the part of both skilled and snake

Ugh. Those mills which had invested in rising cost of Living have led to demauda short time, or not working at all, which found the investment profitable enough labourers for higher wages, and to strikes; proposition was put to Mr. Muto that the are cut fine the fact that we cannot get received increase of 20 per cent, to 30 per Undersigned have received instructions.

The while war prices lasted, but when margins shoemakers, goldsmiths and tailors have Kanegafuchi Mill's products, being of a so much work out of an American as out ceat, over the rates obtaining in the middle special type, always in deunud, the mill of an English machine made it impossible of the year and in Penang rickaba rates had no need to restrict, its output, as it coald always find a remunerative market to keep the American machinery going on were raised by about 40 per cent. in addition the for all that it chose to make...

equal terms.

the brokers had forced on the mills.

CHINESE COMPETITION JAPAN FIRMLY ESTABLISHED.

domestic servants are demanding and shop ⠀⠀ coolicy and others are being paid e b nood wages.

The most formidable competitor to the

In connection with those labour disputes Japanese industry Mr. Mute found in Mr. Beatty acknowledges the services of China. There the costs of production, he several prominent Chiness residents whose said, are not much more than half those in names are mentioned Japan, and this powerful weapon of com. petition could be best wielded by Japanese. Chinese community has had a very pros Generally speaking, the Report adds, the The Japanese could learn the language perous year, although the lower and middle quicker and could teach the workers better classes are feeling acutely the rise in the than Europeans. They cut out the coun pradore in their transaction, which we cost of living and the high rate of exchange great economy, and the Chinese made aps with China.

"That is perfectly true," he replied, bur it is a Ermly planted idea ia dapa that all of a trade must conform in the event of such a movement as the present one, so we have reduced our output by 40 per cent. like the rest. It is very costly to do so, but we find it best to conform To this point we can still retain the full staff and pay full wages, but though there is strong pressure being exerted to bring about still greater restrictions of output, we refuse to agree to it. Our principal reason is that we will not sacrifice the workpeople, as we have reached the limit work-people. However, it was difficult at where we can keep them in full number and present to build new mills in China, as wo on full pay. But besides this, the whole short cannot get machinery. time movement is based on a mistaken idea. The future of the Japanese industry Mr. Twenty years ago, when the consumption Muto regarde as assured. There has been was mainly domestic, to restrict production great waste of the wealth that the war raised prices, and there was a case for such brought to the country, but most of it movement. Now, however, the greater remaing in the country is one form or an part of Japan's trade is an export one, other, and the position of Japanese industry and, when we restrict production, we are keeping goods back from a market whore the deprivation will only open the door to competitors."

THE RETURN TO NORMAL BUSINESS...

COMMERCIAL DEPRESSION IN THE STRAITS.

THE

PUBLIO AUCHTON -

to sell by Public Auction,

On TUESDAY,

7th December, 1820, at 11 am within the-

Camber, at Naval Depot, Kowloon, HM TUG "ST. SAMPSON" Breadth, extreme Length between perpendiculars...135 ft. 0 in.. Depth (under side of 6. Bar Keel .00

to

to Upper Deck) Tonnage according Nominal Displacement!

Bales, Greas

At mesia' draft of Present mon draft

"Wherea

Half When

1678

451,

tons

01 tons

10 in

19 in

Hongkong September, 1919, 1. By whom HE Wpos Dock Co., Ltd. Materiala of Construction -

Wood

Iron

Steel

Decks...

Fittings in Cabins, &o.

General Fittings on Deck, &ö. Huli, Bulkhende, & K

Forecastle, Upper and Lower

A single sorow stool steamer of LHP. 1,200- fitted with internal electris lighting at 100" Volt

Built under: Lloyds survey, 100 AL for Part of Registry, Hongkong. towing purpos

THE GOVERNOR'S OPTIMISM.

"Speaking generally," said the Governor is strengthened thereby. Japan is better off of the Straits Settlements in his recent than before and will remain better off. Budget statement, "the condition of the There are some hard times for the country Colony and of Malaya generally, need not to struggle through in the immediate fear comparison with any part of the To be sold as she now lies at ELM. Dockyard," future, but Mr. Muto looks forward to Empira Wshare our troubles, which, Hongkong. A detailed list of fittings to be sold Mr. Muto's business is, of course, with very few bankruptcies, owing to its being owing to pur remarkable prospority in re with the hip may be seen at the Dines of the cotton, but his interviews was tempted to to force a lebtor into bankruptcy. He continued high cost of I'ving is affecting kong, and structural and other particular sen against the Japanese traditions of business cent years, are perhaps harder to bear. The Naval Store Oficer, H. Dockyard, Hong- introduce the subject of silk when his dis-recognised the advantage of eliminating all citseos and, I fear, pressing hard on be obtained from the Chief Engineer, HM cussion of the curtailment of production gamblers and incompetents, but thought the many. And for some time past we have Dockyard, Hongkong. BONDS of Fos, 100 each, issued at par was in itself bench had was, the mutual concession that, avoided a crash was been disturbed, and perhaps a little over of Interet payable twice yearly, on June 16th Government which had recommended a practice with greater advmages. INTEREST payable twice a year on 16th and December 16th

curtailment of production. Mr.. Mato Much was, of course, left undiscussed alarmed, by a period of commercial depresed on application to the undervigtied First coupon due.. oz. June 16th 1921. this high authority and expressed the the supply of labour, and so on-matters backward ripple, perhaps only a check, in Master in the Dockyard the perons named

nsidered it no lose mistaki in spite of including the prospects of trade usioniera, sion. I hope and believe that it is only a O Applications will be received from October 29thy opinion that the error would very soon be which are likely to trouble the Kanegafuch; the favourable tide which has for so long thereon will be conveyed to and from the Ship

found out. Getting back to the subject Mills later than any others, since the wel washed our shores.

I hope and believe The Ship may not be bearded from a private of cotton goods, Mr. Muto did not sati- fare of the workers is looked after that if men of all claseca and all creads bast

pate any revolutionary changes either

Not- Hadeemable.

PRICE OF ISSUE 100 FRANOB

and 16th December; first sami-LEUR] ternet to be paid on 16th Jane, 1921. *

Applications will be received by the BANQUE

DE L'INDO-CHINE from the 20th October;

to the 25th November nori.

BANQUE DE L'INDO-CHINE,

up to November 25th by the "V

T

7. MARSOT,

Acting Manager.

T1629

BUSSO-ASIATIC BANK, EA RODGERS,

Hongkong, October 15th, 1990,

1676

Hongkong, October 14th, 1920*

in source of supply, or in destination. As generously and scientifically, Botha will work together in a spirit of sanity, regard supplies of raw cotton, he regarda

particular features of the Kanegafuchi Mill mutual sympathy, and common service the (Contin

Fand its administration must be left for prosperity of the Colony and of all Malaya

The Vessel is now on view between the hours ed 10A.M., and 4.x.M. Inspecting orders can be

pendenting "inspecting orders to the Pier

2

HUGHES & HOUGH,

By Appointment Anotioneers to the

Admiralty.