1921-03-08 — Page 7

THE HONGKONG DAILY PRESS, TUESDAY, MARUNAKAN

DODWELL & COMPANY, LD.

NEW

STEAMSHIP SERVICES.

Regular Ballings to

YORK &/OR BOSTON

via S163 on Panama Canals at Owners' Option.

S.S. "EGREMONT CASTLE " sailing about End of March.

F

LLOYD TRIESTINO

BRINDISI VENICE & TRIESTE.

Taking Cargo-en through Bills of Lading for LEVANT, BLACK SEA & DANUSE

PORTS.

* FIUME having boon re-opened for trafic, cargo is also accepted for this port on through B/Lading

S.S. "HUNGARIA"

enlling Noon March 8th

5.3. TRIESTÐ"

**

FOR SHANGHAI

sailing on or about 20th March, Passengers' Luggage can be insured at the Offles of the Agents.

NANYO YUSEN KAISHA, Ltd.

38.

(SOUTH SEA MAIL 8.8. 00.)

Regular Services between

JAPAN, HONGKONG & JAVÁ.

For JAVA,

SAMARANG MARU" .

9.8. BORNEO MARU'

B8. "RIOJUN MARU

OCEAN

NATAL

saling on or about 19th March. sailing or o about 94th March.

For JAPAN

sailing on or about 8th March..

TRANSPORT Co.,

(TAIYO KAIUN KAISHA)

Steamship Bervice frans-Paolio. “

Also to Australia, Europe, etc.

LINE

Ltd.

OF STEAMERS,

TAKING Cargo or through Bills of Lading for BOUTH AFRICAN PORTS with transhipman at CALOUTTA,

in conjunction with the

$

INDO CHINA STEAM NAVIGATION (0, LTD:

AND AFGAR LINES.

For Fraight of Passage on any of the above Idnes apply to:--

DODWELL & CO., LTD.

Agente

N. Y. K.

NIPPON YUSEN KAISHA

89

THE CONSORTIUM AND

CHINESE BANKERS.

VIEWS OF AMERICAN GROUP..

CHINA'S NEED OF FOREIGN MONEY.

(BY FREDERICK W, STEVENS.]

SHANGHAI, February 25h.. As representative in China of the group of American bankers, (for whom only,

peak) I have been asked several ques tions, among others what I think of the group of Chinese bankers.

..

I am glad that it has been formed and that it is headed by able men. Its forma. tiin shows that this influential claes, of Chinesa business men are now alive to the importance of their taking an active part in solving some of China's national problems. As one of them recently said, fundamentally all Chiness problems must be solved by the Chinese people them selves. I am deeply impressed by the well-known fact that the Chinese masses

TH, 1921.

IMPORTANT WAR CONTRACT

CASE IN JAPAN, JUDGMENT IN FAVOUR OF BRITISH FIRM FOR Y.2,500,037.34.

|CONTRACT INVOLVING PURCHASE OF) STEAMERS.

INDO-CHINA

STEAM NAVIGATION COMPANY LIMITED.

SAILINGS SUBJECT TO ALTERATION

BANGKOK via SWATOW KOBE

MANILA

STRAITS & CALCUTTA

→ SHANGHAI & THINGTAU.......

CHUNGING Wed, 9th Mar, Dlight. LAISANG" Wed, 9th Mar, 8 aim TEOFAQ-Wed, 9th Mar 9am "YUENSANG F. 11th Mar, 2pm "YATSHING"...Sat, 12th Mar., 3pm. 'HANGSANG" Thes. 15th Mar., Digan

Judgment in what is beligred to be the largest case ever decided by the Im- perial Japanese Courts has been given in fasour of the British firin. the FederalHAIPHONG NA HOIHOW Steam Navigation, Co., Ltd., of London; who claimed Y.2,800,037.34 from the Nippon Kisen Kabushiki Kaisha of Kobe.

Oral judgment was pronounced by Mr.ALOUTTA LINE-This Line affords regular salling to Calcutta, Fenang and Justico Sawaragi, President of the Kobe District Court, on December 20th, 1990; but the written judgment was not served upon the parties until January 20th..

The case created considerable comment SHANGHAI in Kobe, as it was known that the British Government was an interested party in the suit.

MANILA

aro sober, industrious, thrifty and peace Dr. S. Kishi and Mr. John Gadsby: BORNEO

The British plaintiff was represented by HAIPHONG able. People with such qualities will surety some day have a stable and bene-barrister-at-law, both of Tokyo; and the ficent government, and the day will be Nippon Kisen Kabushiki Kaisba's case hastened by this banking group, by com- was argued by Dr. Iwats... mercial groups and by other groups of good citizens, all aiming to help.

The text of the judgment states that 1f the group of Chinese bankers is to the Nippon Kisen Kabushiki Kaisha shall be governed at all times by the policy pay to the Federal Steam Navigation Co., announced by one of its spokesman, Chang Ltd., the sum of two million eight hun- Chia-ngau, and indicated by the terms of the Railway Car Loan Agreement of dred thousand and fifty-seven yen, and 15th January, then I gay-long life and thirty-four 'sen, with interest at the rate prosperity to it, for it will then be a of 6 per cent. per annum computed fram good thing for the Chinese people; and April 2nd, 1917, until the date of pay. whatever is a good thing for them is ment; that the cast of the suit shall be good thing for the American bankers borne by the Nippon Kisen Kabush ki The stronger the Chinese group of bank-Kaisha, and that the Federal Steam Navi- era becomes, and the longer it lasts, and gation Co., Ltd., may provisionally exe- the more money it furnishes to Chinn for cute the judgment on condition of deposit- strictly constructive purposes benefiting

The facts of the case, says the Japan Gazette, were father complicated, but may be summarised briefly as follows:-

the Chinese people at large, the bettering one million yen as security. I agree with Mr. Chang that foreign money should be borrowed by China only when the Chinese people, acting through this Chinese group or otherwise, find

The Federal Steam Navigation Co., themselves unequal to the magnitude of Ltd., acting by its local agents, Mesars, the task presented. The American bank Dodwell & Co., Ltd, of Robe, on April ers have no desire to loan money to China, 1917, made four separate contracts. when foreign money in nct needed by her and there should not be the slightest occa sion at any time for any but the most friendly relations between the Chinese bankers and the American bankers. the contrary, I believe they will always be good friends.

On

I have also been asked: "Do you think that China needs to borrow foreig money; and if so, why?"

for the purchase of four steamers which were said to bo under construction at the dockyard of the Osaka Iron Works, to the order of the Nippon Kisen Kabashiki Kaisha, on the terms that the four steamers, named respectively the Far Recruit, Far Sapper, War Veteran and War Gunner, should be completed by daten which varied between the last day Let me tell a short story. The Ameri- of October, 1917, and the last day of can States west of the Mississippi river November of the same year. The con contain over 2,100,000 square miles, more tract price was £48 per ton, and 20 per than in all of China proper including Man cent of this price, or Y.2,800,037.31, WAE churia Sixty years ago that great Ame paid by the British Company to the rican area had no railroad, no largo Japanese, who guaranteed, that 60 per and it contained few people except cent, of the materials required for the roving tribes of deposits of natural re the yard and 40 per cent. on the way and or less savage construction of the said steamers was in sources, its millions upon millions of to be so used. The contracts each con fertile acres, were doing the American tained a cancelling date which was fixed people littlo good. To-day there are mil in each case one month later than the lions of prosperous people living there, date of completion, and stipulation 9th Mar. at 11 am.

hundreds of great modern cities, vast in giving the Plaintiffs an option to cancel dustrial activities; and those fertile acres the contract after the lapse of the can- ... Friday,

11th Mary at 11 am. produce enormous quantities of food for ceiling dates and to demand the return Wednesday, 20th Apr.,--at 11 mm;

the people in all parts of America and of the Y.2,600,057.34, paid as aforesaid That area with interest at the rate of 6 per cent. Friday,

for export to other peoples. 8th Mag, at 11 am.

is now a great factor in the commercial, per annum, facial and military strength of the

KAILINGS FROM HORGEGNG SERIEDS TO ALTERATION.

SEATTLE & VICTORIA or VANCOUVER via Manila, Shangha

& Japan porte

Dig

Cargo to Overland Points UB. in connection with Great Northern Forthern Proffic and Chicago, Milwaukos à Et. Pani Raliwaji.

FUSHIMI MARU (omitting Manila)... TOYAMA MARU.....

KASHIMA MARU (omitting Manila) SUWA MARU

Wednesday,

..

LONDON & ANTWERP via Bingapore, Penang, Colombo, Bues

Port Said and Marseilles,

KLEIST

MISHIMA MARU. ·

BADO MARU

KITANO MABU...

Friley,

Friday,

Friday,

Friday,

HAMBURG, AMSTERDAM, LONDON &

"MITO MARU

***

11th Mar. at 1! Lu 18th Mar, 13 ao....

1st Apr, at ila 15th Apr., at 11 ROTTERDAM.

Thursday, 34th March.

LIVERPOOL & MARSEILLES via Suci.

TAMBA MARU

Thursday, 10th March

city

American States.

more

What made the present conditions pos sible? Railroads and highways. And the first railroads across that area were built largely with "foreign money borrowed in Europe, on railroad bonds issued in America," +

"

It was soon discovered that the mate rials were not available in accordance with guarantee; and the Japanese Comp pany not only failed to deliver any of the steamers on due time. but also re- quested the assistance of the British authorities in obtaining new materials from America."

in western China, with its vast areas of fertile acres, wheat is selling, I am Owing to representations räade through told, at about ten cents a bushel. But diplomatic channels, a large quantity of the enormous quantities of food products materials was procured; but not even a that could be produced there, can be got- keel had been laid when the plaintiffs to eastern China Or to riverports, notified the defendants, on January 31st, barrows. There is no railroad; there is and demanded the return of the For Y.2,800,057.34 with interest, as stipulated no highway for modern vehicles. want of-railroads and modern highways, by the contracts........

MELBOURNE & SYDNEY ria Manila, Zamboanga, Thursday only on the backs of men or on wheel 1913, of their cancellation of the contracts

Taland, Townsville & Brisbane,

TANGO MARU.........

NIKKO MARU

AKI MARU

NEW YORK via Suez.

AKITA MARU

Monday. Teceday, Tuesday,

28th Mar. at 11 am. 19th Apr., st 11 mm. 17th May, at 11 am.

Tuesday, 22nd March.

SOUTH AMERICAN PORTS ris CAPE," WAKASA MARU (Bailing from Singapore) Friday, BOMBAY & COLOMBO vis Singapore.

BOMBAY MARU. CALCUTTA MABU

***

20th April.

Thursday, 17th March. Saturday, 26th March.

CALOUTTA & BANGOON via Singapore & Penang.

TOYOOKA MARU MURORAN MARU

Tuesday, 9th March, 1 P.M. Tuesday, 22nd March.

JAPAN PORTS-Nagaaskt, Kobe & Yokohama.

i... Taceday,

SHANGHAI, KOBE & YOKOHAMA,

"NIKKO HABU

WAKASA MARU

HEIJIN MARU ...

INABA MARU...

KAMO MARU

H

15th Mar, still am

8th Mar. at Noon.. 15th March. 18th Mar. at 11am. "31st Mar. at 11 am

Tuesday,

Taceday,

Friday. Thursday,

B. YASUDA, Manager.

For further Information apply to NIPPON YUSEN KAISHA

Telephone No. 292 & 282,

vast mineral resources in that western The defendants refused to comply with country and in many other parts of this notice, and after some abortive at- Ching are useless to her people, millions tempts to arbitrate the dispute, quit was of whom are employed only in non-pro sled in the Kobe-District Court. ductive labour that does not enrich China. Millions upon millions of fertile acres The legal arguments were long and

The British Com Are serving only a small part of her somewhat intricate. people. Factories, mills and other great pany pleaded a breach of the contract and industrial activities, that would give pro-also that the said contracts were time

(Ficksgeschaft) concluded in ductive labour to her people, await the contracts building of railroads and highways.order that the use of the steamers might They will cost many millions of dollars, be available for war purposes in the in- but they will be worth all they cost and terests of the Allies, with the result that they will pay for themselves in short the contracts had been automatically can- periods Will the people of China then-celled with the coming into force of the selves provide these millions - Peace Treaty on January 10th, 1020,

The completion of the railroad from Dr. Iwata pleaded that the delivery of Hankow to Canton, which will mean so the steamers had been postponed by much to China commercially and politic ally, will cost from thirty to forty milagreement between the parties, and that lions of dollars gold. Will the people of the right to cancel the contracts bad ceas China themselves provide these millions?

I am told and believe that control by China of the Chinese Eastern Railway in Manchurin is highly important to her, and that it involves raising a vast sum of money at no distant day. Will the people of China themselves provide these millions:*

el to exist by reason of the plaintiffs having demanded performance of the con- tracts after the lapse of the cancelling dates in each case, Counsel argued the existence of a local custom by which a right of cancellation was lost when a par chaser had demanded performance after the Inpee of the cancelling date, and pleaded that the parties had entered into of observing sach custom

PRINCE LINE FAR EAST SERVICE paid, even when borrowed, for non-pro- the actual contracts with the intention

Regular Sailings to Boston and/or New York by is

freight steamers

Money borrowed must some day be re- ductive purposes. China owes a large in ternal debt and large foreign debta. Will It is an open secret that the money the people of China themselves furnish paid to the Nippen Kiven by the Federal not only the money to pay these debts Steam Navigation Co. Ltd., was the but to build railroads also

money of His Britannic Majesty's Govern Public opinion in China is now a factor, ment, for whom the steamers were intend- of importance. When Central Governed ment for all. Chine results from the much- needed reconciliation of the provinces and Chinese officials assume, the responsibility British plaintiffs, the learned Judge, after. of dealing with these great problems, they summarising the facts, found that the de- will find their work for Ching much fendante pleas were devoid of foundation harder by reason of the false views pub and that the plaintiff firm had preserved, lished broadcast in China, about the in- its right of cancellation, which it was ternational consortium. It will then be entitled to exercise at any time previous interesting to Tearn who are responsible to the delivery of the, atcamers, when for this anti-consortium propaganda. once the cancelling "dates had been pası-

In giving judgment in favour of the

TIENTSIN

L

Singapore; returning from Calcutba steamers proceed via Strals And Hongkong to Japan, occasionally calling at Shanghai. All steamers have excellent passenger accommodation, are -- fitted with Fiestrie Light and Fans' and carry a fully-qualified Surgeon

LINE:-Sallings approximately every five days between Canton and Shanghal, sometimes calling at Swabow. Through tickets can bo obtained and through Bill of Lading are issued to A Northern and Yangtze Forts via Shanghai.

LINE-A weekly service la maintained with Manila by vessels with good

passenger accommodation, mailings from both ports every Friday, LINE:-Salling approximately weekly for passengers and cargo,

calling at Holhow when inducement offers -LINE-One sailing per month between Hongling and Bandakan by

a steamer having up-to-date accommodation for passengers. Cargo taken on through Bill of Lading for Kaadai, Jossaiton Labuan, Tawao and Lahad Datu' LIBE:-A rogular service in run from March to November between

Hongkong and Tientsin, calling at Welhafwel and Chefoo:

CALCUTTA

LINE.

5.8. "YATSHING" will be despatched on or about Saturday, Mar. 12th, 3 p.m., for SINGAPORE, PENANG and

CALCUTTA

Through Bills of Lading issued to RANGOON, MADRAS, and

DUTCH EAST INDIES. -

For Freight or Passago apply to--

TPHONY No. 210

Jardine, Matheson & Co., Ltd.,

GLEN

GENERAL, KANAGERS

AND

SHIRE

Joint Service of Steamers.

U.K.-STRAITS, CHINA & JAPAN SERVICE.

Vessel

8.8. "CARNARVONSHIRE " S.S. "PEMBROKESHIRE S.S. GLENIFFER 8.3. "GLENGYLE"

Vosseli 8.8. "GLENARIFFE" 8.8. GLENAPP

OUTWARDS

HOMEWARDS. Leaver Hongkong

18th Mar.

25th Mag.

Dae Hongkong

15th Mar. 29th Mar. 12th Apr..

28th Apr.

Discharger

Guroa, Lorber & Borikanan, Gesoa, Lidos, BƏT‍DAY & H'RU£2,

Morsmenu are subject to change without naties. For treigas or fæisher particulaes plesao apply to:

Jardine, Matheson & Co., Ltd., The Glen Line, Ltd., AGENTS.

Tel No 21 ab 5 et 23 and 3896.

Cable Address

Hawakisen, Kobe.

Bentley's AB,C. 5th Ed.

and Boott's Coder.

KAWASAKI

KISEN

14

Telephone Sanamly

2844, 8923,

(KAWASAKI STEAMSHIP CO.)

CAPITAL: PAID-UP

Y20

President: Mr. T, Kawasaki, Vice Presidenti Mr. K. MatsukATA, Managing Director: Mr. Maxaya Axi

·

KAISHA

The Company has on hand a Large Bumber of

NEW CARGO STEAMERS

ALWAYS READY FOR

CHARTERS of all descriptions.

The following are comprised in the Company's Fleet

Eleven steamers of 9,100 tons eson deadweight.

And under the Company's management

Twenty steamers of about 9,100 tons deadweight each. Two steameti of about 6,400 tons deadweight ezah.

(Belonging to the Kawasaki Dockyard Co. Ltd.)

For

BOSTON and

NEW YORK

15th April, (via Suez).

ed.

FURNESS,

(FAR EAST) LIMITED t. George's. Building.

[346

Education has as its mission to teach us to live, and is a lifelong process.-Lord

Civilisations, dis when it is worth no- body's while to do a good day's work- Dean Inge:

#7]

B.S." MONGOLIAN PRINCE

For Freight and fall particulars apply to-

Tolograms "Turaprinee.”

Telephens 3165,

For Charter Bates and all other particulare apply to the

KAWASAKI KISEN KAISHA

No. 8. BUD, Kox,