1921-06-15 — Page 2

Page

THA HONGKONG DAILY PRESS.

THORNYCROFT

JOHN L THORNTOROFT & CO., LIMITED,

SHIPBUILDKRA AND ESOINEERSY

LONDON, SOUTHAMPION AND Basingstore.

Shanghai Office: 10, Kiukiang Road.

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

in Stock

For quotation apply—

SUMMER

SHANGHAI OFFICE.

WEAR

White Felt Tennis or Boating Hats. Very smart. $5 ch.

"Tight & cool

White "Meruni" Wool & Cotton Mixed i Hose. S

Ideal for hot weather...

White Wch Washing Belts with patent or prong

fastening buckles

I

00

00

00

pair. cach

Summer Washing Ties, White with neat coloured $1.00ach

Stripes. Open ends or bows

50

White Mercerised Matte Tennis Shirts. Superior 16.ch.

Quality & Finish Throughout

White Taffeta Tennis Shirts, Guaranteed Pure $13.50ch.

"Wool: exceptionally light, cool & absorbent...

MACKINTOSH

& Co. Ltd...

Men's Wear Specialists.

16. Das Vaux Road,

Phone 29.

HONGKONG HOTEL CO.,

LIMITED,

OPERATING

HONGKONG HOTEL GARAGE

RUSSELL STREET GARAGE · REPULSE BAY GARAGE

Telephone No. 32. Telephone No. 659. Telephone No. 881.

SOLE AGENTS FOR HONGKONG AND SOUTH CHINA

FOR

ROLLS ROYCE

STUDEBAKER CORPORATION

WHITE COMPANY

UNITED STATES RUBBER CO.

AE LE JEUNE

Cari Cart:

Commercial Trucks. " Tyres & Rubber Goods. Motor Car Mascota,

HEAD OFFICE AND SHOW ROOM IN REDDER STREET. -

1548

WHITEAWAY'S

FOR

WATERMAN'S PENS

A PEN FOR EVERY HAND.

POPULAR PRICES:

No. 12 No. 12}

$ 5.75

$.5.75

No. 12

No: 723

$6.50

$.6.50

$7.75

No-14

No.. 74

$ 7.75

No. 42

8.7.50

·No: 44-

$8.75

~No.-52-

8-7.50

No. M

No. 76

$8.75

$12.75

SHOP AT WHITEAWAYS.

THE POPULAR "CASH” STORE, "WHERE YOUR DOLLAR GOES FARTHEST.”

WHITEAWAY, LAIDLAW & CO., LTD.,

HONGKONG.

714%

ANOTHER BIG SCANDAL, FRÄUDENT DEALINGS IN STAMPS.

MANY PROMINENT INDIVIDUALS

INVOLVED, "

+

Details of Post Office seunjal, said to be unprecedented in dimensions in Japan, where scandaly are: as plentiful as indifferent roads, says the Jap Gazette, have now been made public by the authorities, who have removed the ban placed an. publication of details since February.

WEDNESDAY, JUNE 1518, 1923.

NIPPON YUSEN KAISHA.

CHAIRMAN'S AUDRESS,'

SCENES AT GENERAL MEETING.

On May both, the rdinary general meeting of shareholders of the Nippon. Yawn Kaisha" was held at the Tokyo Y.M.C.A. Hall. Mr. Ito, President of the company, being in the chair. A detailed explanation of the business report, in- cluding the disposal of the profits (23 per cent, dividend), was given. One of the shareholders, in view of the financial condition of the company, stated that The Laki says various stamps sold ille resource should be had to the reserve fund gally by Tsuge. Chief of the Takarazuka and a 30 per out, dividend paid, in Post Office, Dear Kobe, and several others order that the value of the sharea might during the last four years amount to be maintained. He also impeached the something like Y.90.000,000, of which staff of the company in regard to the Y2,300,000 was held back by the accused directorate's benus of Y.362.000. declar Altogether there are eight accused, coming that it we at naught the private prising Tsuge, the chief cashier and agreement which was entered into by the assistant cashier of the Kobe For directorate and Mears. Go Seinosuke Otice. the "officer ia chatre of and Kato Masayoshi, and which fixed the stamps at the same Office, the Chief sum of Y.200.000 as the maximum bonus. of the fumu Post Office, the Chief of the proposals of the Directors were final- This protest caused a great uproar, but the Ashiya Post Offier, the proprietor ofly accepted. The reelection of directors a story-tellers hail, at Kobe, and the wipso terms of office had expired was also proprietor of a private intelligence office agreed to, and the meeting came to a at Kube.

cluse at 3.30 p.m. Having lost heavity in various enter- The President, in his speech, said. (wa prises "and speculation in shares, ete,arail ourselves of the Japan Chronicle Tsuge, Chief of the Takarazuka Posttranslation): This term's business re- Office. contrived a scheme to stenlaults show a profit of Y.5.5-10,000, which revenue and postal stamps in order to is a decrease of Y.3.840.000 as compared cover his losses. In 1918 the accused with tst term and of Y. 11,450,000 com Tauge, in conjunction with officers of the pared with the corresponding terms of Kobe Post Office, forged a telegram and last year. Such an enormous decrease, sent it in the name of the Chief of the it is needless to say, is an outcome of Kobe Rost Office, to the Chief the the conditions prevailing since the ter Communications Bureau in Osat arkmination of the great war. Only the ing the to supply certain number of stamps, and in this they were success ful. Later the accused conjointly sent another forgril telegram to the Depart ment of Communications in Tokyo direct asking for a supply of 5,000 revenue stamps of Y100 each, and this request was also granted. Since then the accus ed received from Tokyo. Osaka and other. districts a large number of stamps, cheques being forged and, forwarded to Tokyo and elsewhere in payment. The Chiefs of the Suma and the Ashiya Post Offices helped the three accused to obtain stamps, while Hirano, of the story-tellers hall, disposed of the stamps and received the money. Haruns of the intelligence office, by threat obtained Y.3,000 from the accused. All are now detained in the Kobe Prison, awaiting public trial.

Tange, the author of the scandal, had in his possession Y.150.000 in cash and Y:170,000 worth of stamps when he was arrestal at the house of his concubian at Tabata, near Uyeng Park. Tokyo.

--

REPUDIATION OF A NATIONAL

* DEBT.

pasager business shows good results, resulting in a proper increase of profits. Notwithstanding the fact that the prices the war bave not yet returned to their. of commodities which advanced during normal condition, and that both domestic and foreign traders are at present face to face with the greatest difficulties they have experienced for many years past. I am glad to say that our company has done its utmost to increase working effi- | ciency and economise on business expensex nad has been able to make a proposal for a 25 per cent, dividend..

Surveying the world a shipping, we observe that trade is depressed in the extreme, ships have increased, expenses risin" and freight rates declined, all of which are factors in the present deplor

It is worthy able shipping conditions. of notice that the Governments of the Powers have done what they can to in- crease bottoms under a fixed standard in consonance with their national affairs, considering that the restoration of ship Ping is a short cut to the revival of their uational resources after the hostilities. Great Britain has already made up for tho

ships

of 7,700,000 cons lost during the war and sumed the marine hegemony

O aig at governing the world's trade branco aims at doubling her pre- war tonnage and at having a merchant feect with a tonnage of 6,000,000 tons,

of

CHINA'S FIRST FEAR DOMESTIC which she has already 3,120,000 tons

LOAN..

Italy already owns 1,300,000 tons, taking 9,600,000 to 2,300,000 tons," in which sho thinks she can transport all her trade, as a standard. America aims at trans- porting half her exports in her own vessels.

We received a letter (says the Peking and Tientes Times) from a bolder of First Year Domestic Loan Bonds stating that he hail presented the half yearly their endeavours. Now the distribution These are all good illustrations of interest coupons, due for payment yes of the "reparation" ships has almost terday, in the usual way, and that, the been completed, and the ships in posses Book of China had refused to cash them. sion of the four Powers have all reached He was offered, instead, new Bonds the standard tonnage aimed at, whil worth forty per cent, of his present hold- other countries, following in the wake ing. When it was anounced that the of these Powers, have constructed or pur reorganisation of the Domestic Loan aer chased vessels. It is not too much to vice had been effected, the Peking Gov- presume that the world's shipping has erament, at the last moment, abandoned already reached 60,000,000 1008. On the its intention of, writing, down the entire other hand, looking upon the actual con issue of First Year Domestic Loan Bonds. ditions of marine trade, the European compulsorily and anounod that the ex-belligerents have not yet been curad of change of, old bonds for new scrip worth their financial and economic war wounds, "forty per cont. of the former a face value and their

Moreover, the

would be optional. In refusing to hon-tremely depressed" and trade, are ex-|

our the interest coupons of the First Year existent complicated labour troubles and Loan the Government has unconstitu- the dissemination of Bolshevism make the tionally repudiate a portion of a na- people lack feelings of security: This tional obligation, issued under the ex-hus decreased shipinents to an alarming plicit authority of the National Council extent. In the case of Japan, our ship- giveh on December 23rd, 1921. If the ping amounted to a little over 3,100,000 Peking Government, without legislative ions at the end of last year, showing an sabction, can now write down the Firat increase of more than 1,400,000 tons, or Year Loan to forty per cent. of its face 83 per cent, as compared with the pre- value, there is nothing to prevent it from war figure of 1,700,000 tons or a little repudiating altogether when the next more. In the case of freight, however, coupon falle duc Chipa's credit at home our overseas trade during fast year was and abroad will receive a serious blow 13,400,000 tons, which shows small in- from this attempt at repudiation of crease of: some 2,000,000 tons, or 15 per national obligation. The total annual cent over the pre-war figure, 11/400,000 charge for interest for the First Year tons or more. Comparing this with the Loan amounts to less than five million trade the ratio of superfluity, of ships dollars per annum. To effect.

Baving is 37 per cent, and, in such hard times

of less than three million dollars per as these, the only alternative left is to annum the Peking Government appears be patient, economist on expenses on the to appear in the role of a basis of the retrenchment principle, defaulter. This, we suppose; in inancial endeavour to incrcuse working choiency reorganization, as prae Mr. Li Shik-wei a negative manner. In short, the prosent practised by the Super in a body, and increase profits even in Tuchuna: persists in his request for long, leave. It is a stage of reaction, and we are com would hardly be pleasant to signalize his fronted with serious difficulties like our Besuruption of office by defaulting on one follow traders both at home and abroad. of China's domestic debts, which, by At present we must make it our principle rights, should have priority over alt to be patient and neglect no preparations domestic obligations sure the Nanking and designs to cope with the development Military Loan..

of the times, economising both land and

"CHINA, JAPAN AND KOREA," Of those who know Chink right throngb

at first hand'

There are few to compare-with-Jch

Otway P. Bland.

And hit latest critique on the land of

the Chinaman

Is published to-day. (One guinea net:

Heinemann.)

His there is well argued. His book is

well: writton.

His opinion is this that the Chinese

have bitten....

A republican mouthful too large for their

gizzards And, despite Putnam Weale, Wise-acres,

and wizards,

alone

All hope for the future's in one thing No power to a Faction; but Power to a

Throne,

The rest of the book gives a so-so idea Of the aims of Japan and the hopes of

Korea. M

SM in London, Morning Porta

BY

APPOINTMENT

Apollinaris

NATURAL" MINERAL WATER.

NOW AGAIN OBTAINABLE Since its foundation in 1872, the Apollinaris business. has always been- BRITISH-OWNED,

THE APOLLINARIS CO.. LTD.

Obtalṇable at:

THE HONGKONG HOTELS THE REPULSE BAY HOTEL and all leading Clubs & Stores.

Sold by:

LANE, CRAWFORD & CO.

NOTICE:

729

MESSRS. GILLARD & CO.

HAVE GREAT PLEASURE

in informing the

PUBLIC

that they have just received

THE WAKRANT OF APFOINTMENT

AS

SAUCE and PICKIE MAKERS

ΤΟ

H.R.H. THE PRINCE OF WALES

THESE SAUCES and PICKLES

2 May be obtained from

LANE, CRAWFORD & CO.

and

All other Stores

SHOULD THEY BE UNOBTAINABLE FROM· YOUR DEALER, PLEASE COMMUNICATE WITH

DONNELLY & WHYTE,

TLI$36

TO SMOKERS

In spite of falling exchange, and also of higher duty, "we can supply you the following Cigars at moderate prices:

LA TRAVIATA MANILA CIGARS

Excelentes......84.50 25" Especiales.....$3.50. 25% Jockey Club...84.50 25 Perfectos ...83.00 25's

R. Victoria...$0.00 100% $4.75 50% $4.50 100" $2.50 50'

do. Londres do.

Tabaqueria Filipina,

38, Queen's Road Central

·938

Hotels in Japan & Manchuria

MEMBERS OF JAPAN HOTEL ASSOCIATION. sea expenses and increasing working effi-Average Rates for Single Rooms (without Bath) including meals ciency, thus awaiting the opportunity when the situation improves, lest we should fall short of your expectations."

THE WRONG WAY-TO-READ.

you have to hold the, print too far away to

J

seo clearly, the eye will be stramed to make out the fine print. If you have to hold the priat,

to close that will strain the muscles the eye Either way is bed. When you cannot read any fine type held at proper distance-ay 14 inches from your eye, have your eyes examined by the Hongkong Optical Co., Successors to Clark & Co, Befracting & Hanufacturing Opticians located in 58, Queen's Road Central, and have the satisfaction of using a pair of right sowing -and-ight fitting glasses.ADTY, HÁÁÁ 262 21

110-12 in cities and some popular resorts. Y'8-10 in country districts.

Chazenji (Nikko): Lakeside Hotel; Kamakura

Kaihin Hotel Karuizawa:→→

Mikasa Hotel Mampei Hotel Kobe

Oriental Hotel Tor Hotel

IN CHOSEN. Kirjo (Seoul): Chosen Hotelj

Fasad Station Hotel Bhingishu

IN JAPAN PROPER Kyoto Nagasaki

Kyoto Hotel Japan Hotel Miyako Hotel: Para cap Matenshima

Naa Hotel Nikko Park Hotel Miyajima

Kannya Hotel Miyajima Hotel

Nikko Hotel Miyanoshita

Osaka j—

Osaka Hotel Shizonoski -

San-yo Flotel

Sturgishu Station Hotel

Fujiya Hotel

IN TAIWAN (FORMOSA) Taiboku-Talwan Railway Hotel

Changchunt

Shizuoka-

Dsitokwaa Hotel,” Tokyo

Imperial Hotel Tokyo Station Hot Tsukiji Beiyeken, Yokohama

IN MANCHURIA

Yamato Hotel

Dairen

Yamato Hotel

Hoshigsura

Yamato Hotel

Grand Hotel

Hotel Mukden) sui

Veinito Hotel

Byun (Port AĤN

Yamato Hotst

漿