1921-07-02 — Page 2

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THORNYCROF

JOHN 1. THORNYCROFT & CO., LIMITED,

SHIPBUILDERS AND ENGINEERS,

LONDON, SOUTHAMPTON AND BASINGSTOKE.

Shanghai Office:

THE". BUNGBONG DAILY PRESS - SATURDAY, JULY

10, Kiukiang Road.

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

in Stock

For quotation apply-

"LEVITO" SILK SHIRTS

See Speci Window Display. "Levito" Silk Shirts & Collars.

SHANGHAI OFFICE.

Are made in England of very best quality English Silk. The work. manship and finish throughout is of the very best and we guaranteé absolute satisfaction.

"Levito" Silk Shirts ure in Plain White or Helle only and with each Shirt is included. a smart shape detachable Collar.

Previously we have "had to sell there at $17.50 each but we are pleased to novise" we supply.

can now "Levito " Silk Shirts

[cr from new stock just receiv $13.50 each.

MACKINTOSH

& Co., Ltd..

Men's Wear Specialists.

16, Des Yeux. Road.

Phone 29.

[28

APPOINTMENT

Apollinaris

NATURAL MINERAL WATER."

NOW AĞAIN

OBTAINABLE

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

THE APOLLINARIS CO. LTD.

Obtainable at:

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

Sold by:

LANE, CRAWFORD & CO.

NOTICE.

728

MESSRS. GILLARD & CO.

HAVE GREAT PLEASURE

in informing the

PUBLIC

that they have just received:

THE WARRANT OF APPOINTMENT

AS

SAUCE and PICKLE MAKERS

TO

H.R.H. THE PRINCE OF WALES THESE SAUCES and PICKLES

May be obtained from

LANE, CRAWFORD & CO.

End

other Stores

SHOULD THEY RE UNOBTAINABLE FROM YOUR DEALER, PLEASE COMMUNICATE WITH

DONNELLY & WHYTE,

T. 635.

GERMAN TRADE WITH CHINA. AMERICAN REVIEW OF GERMAN

ACTIVITIES..

باله

BND 1991.

THE RUBBER CRISIS.

W DRASTIC REMEDY.

Bly remedy, in brief, is to destroy the present surplus stocks of rubber, -nad why, I think this drastic apparently an economic measure would be effective is as follows;-

A correspondent who, the Singapore The following wireless was intercepted Free Prese,, States," is in a csition to by the Chin wireless installation in appreciate the langer of the present the North on June th

situation of the rubber markët, and bas The New York Haruld writes:- Ger-given close thought to the matter, pru nan trade with the China markets is be- pounds the following solutions

promotion coming noticeable after period of one year at there are evi deners of keen, but not stifling, competis tion in sorte lines. Her activity is par neularly noticeable in the markets, which she controlled before the, wAT, A As long as complete restriction is not cording to statements by importers of practised, the consumer ts in a position ather nationalities the exchange position to make his own choice and pay his of Germany enables har merchants to

own price for what raw material he make prices which their competitors find needs. It is as though a town were sup- it impossible to theet. Large comiga plied with water from a proper service. meats, needlisa to wy, are coming in and also had a vast number of wells to underselling Japanese and British pro draw one Unless compelled by law, no. ducts American commerce will probably user would pay more for service water be most affected in the line of machinery that the cast of drawing water from elmtried goods, clocks, watches, drugs walls, and he would play one off against and aseptical and pharmaceutical pre-theather to the ruin of the town supply. parations, Gerinan electrical firms have afrady obtained advertised contracts for The remedy (if the town council in ques power plants, turbines and motors and tion hi to preserve its water enter are transparently making hay in this rise the interests of the community) direction. Contracts have also been "ob. would be to close the wells,

A consumer of raw rubber, knowing rained for cement munking plants. Ger man drugs and pharmaceutical goods are that he has the 70,000 tons of rubber to dumped in the market and to a fall back on, will not do more than beitig large extent are underswelling all competi- nibble at the supplies being put on the tion. Imports of iron and steel are also market, and this has resulted in the pre underselling and will affect American Bent low price embarrassing both pro- sales. The sale of paper and paper producer and stockholder. He can do this ducts is also on the increase. Other im- until the producer is compelled to sell ports consist of paints. varnishes, pre- at the cost of tapping. Then the pro- cious metals, gold and silver, powder, ducer will have to close down, all his hardware, electro-plate, cutlery and other organisation will be lost and much of his wars. Germany is buying apparel, cot.capital, and the producing industry ton yarn and waste, wind and vegetable ruined. For the producer, therefore, the oils, leaf tobacco,bristles, tungsten ore, rennen; of the stueks cold do nothing feathers, wool and cotton piece, goods.but good.

The shipping is being largely done by The holders of the, stocks, bow, would| the Japanese but also by Scandinavian, they fare in case of destruction The. Dutch and Italian lines. A considerable market value of the stocks is nothing number of Germans are coming in withke the price at which it was acquired. their families, and offices are being open Every day it is deteriorating in price ed. German technical men are also from the favourable position the con-

The Germans arriving from Germany,

suiner is in, to play off stock against-the are free while other untions, operating ready market. Moreover, every day is under their own laws, are forced to coincreasing the loss on the tous stored fine their activities to treaty and open away, by interest on the locked up, dead. ports.

While the proportions of German trade at present are not alarming, it is capital, and by warehouse dues. So much giving indications of rapid growth. the su, that it is extremely probable that international exchange situation mili- the banks will step in, and if there is tating against other countries decidedly in favour of Germany.

forced sale, the stockholder may secure nothing but a debit balance at the, Bank. If the holder would cut his loss at once, by destroying the unused and partly an usable dend stock, he would save the

THE JUNE SETTLEMENT AT living capital invested in the estates.

SHANGHAI,

The industry would survive, as it will not, unless the dead capital is discard- A RETURN TO SOUND BUSINESS.

A certain number of interested people: The June Artilement of the Stock Ex-are both producers and holders of stocks. change takes plues to-morrow (says the They have to lace the same question is the industry at large, will they sacrifice: N.-C. Daily News of Jüne 27th), and in their dead capital in the gedowns," or contrast with so many of the settlements their living capital on the Estates? during the past 18 months, the assurance There is no question in my own mind is given that it will be carried throwhich is the more advisable

The only hope of saving the living without difficulty. In fact the conditions. are described as quite satisfactory, and industry is to keep the estates going? the quarter is probably the healthiest the estates cannot be kept going so long that both brokers and clients have ex- the surplus stocks are available for perienced since, the inflation resulting the consumer to nibble nt. Therefore. after the armistice made its appearance crap the stocks, carry on restriction During these three months business has enough just to supply the market require been en quite a substantial scale, but ments and the industry may be saved. differing entirely in character, from the rash speculation of a year ago.

!

If a goose laid too many golden egga and golden eggs became a glut on the market, who would advocate killing the goose? The obvious remedy is destroy the unsaleable stocks of golden eggs. Let the goose equal the Estates: Let the golden eggs equal the rabber socks.

3

Having passed the period of inflated valacs. both brokers and their cop stituents have been operating on a much moro conservative scale and on a much sounder basis. Instead of the desire to que ze the last cast of profit out of their transactions, which was a natural feature Now what is the answer to destroy. of the period of inflation.. the public the Estates by stagnation or destroy the generally have been content to take their stocks by fire?

a reasonable return being The propounder of the above remedy profits on shown, and it is understood that they has evidently thought out the probleni. have been assisted in this frame of mind which certainly seems to offer a solution. by the attitude of the brokers. The reIt is a novel one, but no morg, string. sult in that stocks in which business has ent than monopolists of all trades have been proceeding during the three months adopted to secure a fair market price remain at a safe level. The desire of for their wares. The, first thing critics sections of the public to speculate with-will say, is, What an enormous waste out capital to back up their operations of the product of past labour? It must has also been severely discouraged, and be uncconomic. We leave our informant brokers have refused business from all but to answer that further, if it is contend- substantial clients.

ed that the lopping away of the dend

"PLACIDITY" IN COAL

Rubber has naturally been neglected during this quarter, and business has branch to keep the tree alive is not per been confined to cotton shares and the missible. The next point is, how would the holders of unsaleable stock, and their dock companies.

backers, persumably the banks, view such a drastic cutting of what they might not admit is a total loss. It is possible, in business, to say we have to look after ourselves, let the producers do the same, Business is not altruistic. Perhaps the adviser of destruction of stocks can give his idea of how their holders can be persuaded to sacrifios themselves for the good of the whole trade.

CRISIS. PRINCE HIROHITO'S TRIBUTE. The neatest compliment paid by the Crown Prince of Japan to Great Brithin and his British hosts in the course of.

his responses to the greetings that were Perhaps the most useful prophets are so warmheartedly showered on him in those who sce evils coming before they are

the capital of Lancashire industry was his reference at the Lord Mayor's lun choon on May 25th to British behaviour during the calamity of the great indus- trial struggle still proceeding.

"You have expressed your regret," he mid, that my visit to this country should have fallen upon this most unfort unate time when you are in the throes of industrial warfare. I most fully and sympathetically share in and reciprocate that regret, but from my point of view the situation is not without its compen sations and advantages, for it has en

quite unavoidable.Dean Inge.

The great object of a conscientious journalist is to make righteousness read- able. Lord Robert Cecil.

We hate war, annexations, conquesta, and Imperial visions. Barthou.

THE VERY BEST EYE

INSURANCE

abled me the better to appreciate the you can get for the hot season-including riska true genius-and-grandeur of the British of dust and glareis a pair of Sir William nation. It is not of ease and of victory, Crookes Glasses the ideal guard from glure. but it is times of difficulty and-hardship

that reveal the teue charactor of a manThere are two varieties of this glass; (a) A glasa or a nation, and have seen how men very slightly tiu fed, of u pale amethyst colour of sense, and resource and strength face which looks almost colourless. (b) A neutral and ment, a great crisis. During the

weeks since I have been a this countrytint which cuts down the glare as well as absorb. I bave seen many things that have iming the harmful rays. Crookes lenses of any pressed me, but one of the strongest im- prescriptions in either regular or Toric form #ro pressions that will remain engraved a manufactured by the Hongkong Optical Co my memory is that of the attitude of placidity and the kindly spirit of mode Successors to Clark & Co, Manufacturing and ration assumed by the people here dur Befracting! Optician-the most competent ing this great struggle. My most earn est hope is that that dispute will be optical manufacturing establishment in South composed very soon in a manner satis Chinn-located in 53, Queen's Road Central-

102 factory to all concerned.”

ADVE

THEATRE

ROYAL.

H. B. WARING CO.

RETURN VISIT FOR ONE WEEK ONLY.

· SATURDAY,

·July 2nd." MONDAY, July 4th. TUESDAY, July 5th. WEDNESDAY. July th THURSDAY. July 7th FRIDAY, July 8th SATURDAY, July 9th.

Prices

"TRILBY"

THE CHOICE

"ADVENTURE OF LADY URSULA”

"DON":

MERELY MARY ANN"

· MRS. GORRINGE'S. NECKLACE"

THE PURSE STRINGS"

84, 82 & $1.

Booking opens at MOUTRIE'S.

DOUGLAS & GRANT LTD.

[J

KIRKCALDY, SCOTLAND

RICE MILLING

The largest and

most widely

· Node Agrule fil' Guth Chiang

MACHINERY

118

experienced makers

in the world.

DODWELL & CO., HONGKONG.

(1128

|ED. WHEEN & SONS, LTD. S, French Bund, Shanghai, Woolien Merchants,

"Extd: 1882

EDWARD

WHEEN

ESTO

SONS

ANCHESTER

1882

SHANGHAI

Uffer of New Cloths:

SPRING SUITINGS COSTUME CLOTHS COATINGS, INDIGO und BLACK SERGES GREY FLANNELS

CREAM TWILLS CRICKET FLANNELS SUPERS and UNI- FORM CLOTHS EN CASE LOTS, single pieces

obert lengths

•fany length it).

Quotations cáƒ. any Pirt. Prompt Shipment from Stock.

THE

FJ

1004

JustReceived from Manila

A Fino Assortment of

HEMP BATS for LADIES

in different shapes and macrted Colours

Inspection cordially invited,

SWATOW DRAWN WORK CO., 14. Des Voeux Rd. Central Proxx No. 2860,-

SWAN

FOUNTPEN.

NEEDS NO "COAXING

It's made right-w To write right.

That's why it's the most popular

Fountpen.

Does not, Leak, Bersteh or Dry Up Fitted with Gold Iridium Tipped Nib, WHERE IS YOURS?

TEY ONE NOW! Bold by JEWELLERS, STATIONERS, AND

IMPORTEES.

MABIE, TODD & Co., Manufacturers," LONDON.

USE

"SWAN"

SWAN DE

CATALOGUE FREE!

20,000 DOCTORS

are recommending

PLASMON

Because

"Plasmon

mon” is of INESTIMABLE VALUE as a food for all classes of workers. -Dr. Virchow, Berlin,