1921-10-05 — Page 7

THE HONGKONG DAILY PRESS,

DODWELL & CO., LIMITED.

REGULAR SAILINGS TO NEW YORK & BOSTON

for NEW YORK & BOSTON via Snez

BJ

3.5.

KENDAL CASTLE "WRAY CASTLE "

LLOYD

sailing on or shout lat Oct. Bailing about 8th

TRIESTINO.

TAKING CARGO ON THROUGH BILLS OF LADING FOR LEVANT, BLACK SEA & DANUBE FORTS.

FIUME having, bean re-opened for traffic, cargo is also accepted for this port on through Bill of Lading,

FOR BRINDISI, VENICE & TRIESTE

via SINGAPORE, PENANG & COLOMBO,

PERSIA

+

sailing on or about 7th November.

FOR SHANGHAI.

"PERSIA".

sailing on or about 2nd October Passengers' Laggage can be insured at the Office of the Agente.

NATAL LINE OF STEAMERS.

Sailing from Colombo ia South African Porta

*** UMVOLOSI"

** **UMONA”

sailing on or aboss 30th Sept, from Colomba

safing the beginning of Sept.

t

SOUTH AFRICAN PORTS from ・ CALCUTTA & COLOMBO. Throngh. Bill of Lading issued from Hongkang.

For Freight or Passage on any of the above Lines apply to:-

DODWELL & CO, LIMITED,

Agenti.

N.

Y.

K.

NIPPON YUSEN KAISHA

KAYLIVRE FROM HORAKOTA ALEMEDS TO ARGILATION |

VICTORIA, SEATTLE & VANCOUVER

Japan porta

Shanghai

Through Bills of Lading issued to all Overland common Podate în U.8.4. and Caunds.

ZUWA MARU (Nagasaki direct)

TUSHIMI MABU (Nagasaki direct) ...

KATORI MARU (calling Manila)

BETMA MARU

Sabarday, Saturday Saturday, Wednesday,

19th Oct., at 11 am 19th Nor, at 11 am.

3rd Dec st 11 am. 28th. Dec.j-st 11 £m

&

CAUSES OF GERMAN TRADE

-ACTIVITY,

LOW WAGES AND LOW.

EXCHANGE

According to calculations made by the Frankfurter Zeitung, prices of commodi ties in Germany have been increased six- teentold since 1914. Taking the

pre-war index number of π principal commodities. 100, pant prices are equivalent to an index number of 1.020. Consongently commodity which cost 20 marks (equal to £1) before the war now costs 320 marks which is approximately the number of marks that can be obtained for £t.

Thus German prices and German exchange have increased 18 times. An English buyer therefore can purchase goods in Germany at the same cost in sterling as he could before the war.. In England, however. present wholesale prices of commodities how an average increase since 1913 of about 150 per chat. In other words; commodity which in 1913 cost £1-now costs £2 1ds. The position of English and German prices may therefore be stated as follows:-

IN GERMANY..

x commodity in 1013 cost $0 marks

equal as then rate of exchange

to

C x. d.

commodity in 1991 costs 320 marks (or 16 times more), equal at current rate of exchange (also multiplied by 16) to 1

-IN ENGLAND,

z commodity in 1021 costs 180 per

g}.

0 0

cent. more

2 10.0 (equal at current rate, of ex- change to about 590 marks)

- **,༔ཝ

Advantage to Germany 1 18 0 The cause of Germany's success in underbidding England manufacturers and traders is therefore obvious This posi- cannot continue indefinitely, for there cannot be two world prices for a com modity, provided the supply of the lower priced article is equal to the demand. Sooner or later & parity of price must be established. The German price in marks might rise to the level of the English price in marks-namely, 806 marks; or the exchange may fall to say, 115 marks to the pound, in which case it would cost | Fabout as much in sterling to purchase commodity in Germany at 320 marks (equal to £2 10s) as it costs to buy the English article.

LOW WADER IN GERMANY.

If either of the things happens, then the disparity between British and German prices must be removed by a lowering of English prices in order to preserve our trade, says a London journal. It is im possible to say which of these three things! may happen, for. in theory, the readjust- ment should have taken place in German prices long ago. The explanation of the relatively low price (in sterling) of Ger- man commodities is to be found in the higher productivity of the German work

WEDNESDAY, OCTOBER 6TH, 1921.

NOTICES TO CONSIGNEES

NOTICE TO CÓNSIGNEEN.

The Steamship “KENDAL CASTLE*-

From NEW YORK NONSIGNEES of Cargo are hereby landed at their risk into the iodowns of the informed that all Goods are being Rongkong and Kowloon Wharf and Godown Company, Ltd. at Kowloon, whence and/or rom the wharvos delivery may be obtained.

Optional Cargo will be forwarded, unleas

INDO-CHINA

STEAM INAVIGATION COMPANY, LIMITED.

SAILINGS, SUBJECT TO ALTERATION SHANGHAI&TAINOTAU Vis SWATOW" WAISHING

SANDAKAN

SHANGHAI via SWATOW BANGKOK. MANTHA

STRAITS & CALCUTTA”, HAIPHONG TIL HOIHOW

"FINSANG*

“HANGSANG

→YTENBANE"

LEESANGTM **LAISANG ". "TAKRANG" Tues.,

ודיו

503 004 pm. 7th Oct. Noon 7th Oct.,

<'p.m.

7th Oct., 31.3. 8th Oct, D'light 9th Oct 3 PM 11th Oct. 8 I

Seice to the contrary be given before 29th OALOUTTA LINE-TU Jane afforda regular sailings to Calente Fanang 200

No claims will be admitted after the Goods have left the Godowns, and al Goods remaining undelivered after the 5th Get will be subject to rent.

presented to the Undersigned, on or before

All claims against the steamer must be SHANGHAI the 15th Oct., or they will not be recognized.

All broken. chafed, and damaged Goods are to be left in the Godowns, where they will be examined on the 5th Oct 45 10 & M.

No Fire Insurance has been affected. Bills of Lading will be countersigned by

DODWELL & CO., LTD..

Agents Hongkong, September 29th, 1991 119

ANTO

NOTICE TO CONSIGNEES:

OCEAN STEAM SHIP COMPANY, LTD.

OHINA MUTUAL STEAM NAVIGATION COMPANY, LTD.

JONSIGNEES per Company's Steamer

"ANTILOCHUS" are hereby notified that the Cargo will be dia. charged into Holt's Wharf, Kowloon, where it wil Heat Consignee's risk and subject to terms and conditions of storage at Holt's wharf. The Cargo will be ready for delivery from Godows on and after 1st October.

Optional cargo 1 be landed, unlear notice has been given prior to steamer's Arrival.

All broken, chafed, and damaged goods are to be left in the Godowas, where they will be examined on any Tuesdays and Fridays between the hours of 10.45 4.x. and Noos within the free storage period.

No Claims will be admitted after the Goods have left the steamer's Godown and all Goods

remaining undelivered after the 7th Oct. will be subject to reat

presented to the undersigned on or before the All Claims agamat the Steamer, mart be 1st Oct, or they will not be recognised.

No Fire Insurance will be effected.

BUTTERFIELD & SWIRE, Agents.

1530 Hongkong, October 1st, 1921.

man- and his lower standard of living P. & O. S. N. CÓ.

MARSEILLES LONDON & ANTWERP is Singapore, Penang In December last skilled workers in

Combo, Buez and Port Said.

KA O MARU ́....

IYO MABU

ATBUTA MARU

+4

Friday,

Friday Friday,

HAMBURG, vis LONDON & BOTTERDAM,

MITO MARU

MATSUYE MARU,

14th Oct at 11 am. 28th Jet, at 13' at 11th Oct at 11 p.m.

Saturday, 22nd October. End of November,

LIVERPOOL & GLASGOW via MARSEILLES.

LISBON MARU

KAMAKURA HARU

+

SYDNEY & MELBOURNE VÅ

Tuurday, 4th Oct. Beginning of Documber.

Krupps machine and foundry works were 4.40 marks per hour, equal to about

4d: of English money. In the Bavarian

Manila, Zamboanga, Thursday ces of German manufacturers in their

Island, Townsville & Brisbane. NIKKO MARU AXI MARU

Tuesday, Tuerday,

Thursday, Friday,

NEW YORK, VIA PANAMA & QUBAN PORTS.

DURBAN MARU

DELAGOA MARU ...

BANGOON MABU...

NEW YORK via SUEZ.

18th Oct., at 11 am.' 16th Nov, at 11 s.mn.

20th Oct.

25th Nov.

1

End of Ost.

म

RIO DE JANEIRO, SANTOS & BUENOS AIRES CAPE.

KAWACHI MARU ...

BOMBAY vis Singapore, Penang

མ་

and Colombo,

PHO

Middle of November

Monday, 17th Oct.

Saturday, 15th Out. Tuesday,

CALOUTTA via Singapore, Penang & Eangoon.

AKITA MABU

BESTEN MARU

140

***

***

TOTOMI MARU NAGASAKI KOBE & YOKOHAMA,

Friday, AKI MARU

BRANGHAL, KOBE & YOKOHAMA.

KAMAKURA MART (calling Nagasaki)... Wednesday, KIRIN MARU (omítting Shanghaij Wednesday. SHIDZUOKA MĀRU ..

KAGA MARU

Talephone No. 199&c′993,

Friday,

Friday,

25th Oct.

14th Oct at 11 am

13th Oct.. 12th Oct. 14th Oct. at 11 a.m. 28th Oct at 11 ..

chemical Industries the rate, for skilled workers is 6.05 marks per hour, this being the minimum raté provided for under the State wage agreement of 1920 Generally. German wages, show an eight-fold in- crease, or one-half the increase in prices This low rate of wage (expressed in sterl ing) is, of course, an explanation of the marked difference between German and British prices, and the conspicuous suc- bjd for world, trade. The duty which, under the Safeguarding of Industries Act, is to be imposed upon German goods imported into Great Britain will reduce the margin between British and Germau prices but will not remove it. The duty on account of "collapsed" exchange, 33 1-3 per cent., would have to be increased to 180 per cent, to be effective. Even then it would only be effective as regards the home market; it would not assist us in our competition for oversens business. On the contrary, it would hinder our overseas business by tending to minintain English prices and English costs of pro- duction. This problem of exchange is a very serious one for Great Britain and will have to be tackled in earnest by employers and employed.

FALL IN THE MARK

The fall in the, mark recently (the ex- change touched 315 marks to the pound at one time) caused à cessation of Ger- man buying of metals in London. The grain and provision markers in the United States were also adversely affected by the depreciation in the mark. Later, the sharp break in the exchange had an unsettling effect on export business in the Chicago wheat market, and in conse- Provision markets in Chicago were also depressed by the fear that the German demand for these commodities would diminish because of the weakness of ex- Such effects were natural, since

For farther Information apply to NIPPON YUSEN KAISHA quence prices declined rather sharply.

A H. KAMEL, Manager.

YAMASHITA KISEN KAISHA

(THE YAMASHITA S.S: Co. Ļrái)-

REGULAR FREIGHT & PASSENGER · SERVICE-

BETWEEN

14

KHELUNG, HONGKONG & HAIPHONG.

Sailing from Hongkong,

FOR HAIPHONG v): Holhow & Pakhol

BEHOZUI MARUMAANA M

47

am or about 13th Oct.

FOR KEELUNG via Swatow & Amoy

8.5. "TAIKWA MABU "/

For further particulars, olemas spilly to

Branch Office,

No. 37, Bonham Strand, Went,

Tel No. 155.

on of about 13th Oct.

M KOBAYASHI, Aons.

Top Floor, King's Building, Tel. No. 140.

change

a fall in the external value of the mark diminishes Germany's purchasing power in foreign markets On the other hand, the depreciation in the mark assists Ger- many's export trade by lowering the cost- of her goods to the foreign purchaser Obviously a substantial rise in the mark would not quit Germany, but so long as abe under the necessity of making heavy payments in respect of reparation, which are financed by iranes of paper money, such a contingency is not a very likely, jone.

BOLSHEVISTE BANNED BY MIXTES

In several of the mining valleys of South Wales the workmen are, making a dead set against Bolshevism and those who profess it, and are clearing their, clubs of those who in any way countqu ance the creed.

One club in the Rhondda Valley, posed of 600 members, mainly miners and other workmen, has pastol this notice: Any member found who'ding Bol thevism in any way, on or off the pre mises, will render himself liable to ex- pulsion from the club.

In the Mid-Randda, a c'h has threatened that any of its members who show Bolshevist sympathics will be

thrown out."

STEAMERS FOR STRAITS, COLOMBO, AUS- TRALIA, BOMBAY, EGYPT, MEDITERRANEAN FORTS

& LONDON..

Through Billa of Lading isaned for Batavia, Persian Gulf Continental, American. and Borth African Porte"

4

Walker, carying His Majesty's Mails. EE Steamship "DUNERA." Captain will le despatched from this Fort on er about UESDAY, the 18th OCTOBER, 1921, taking Paengers and Cargo for the above Ports.

Bilk and Valuables and Tes for Italy, France And London (under arrangement) will be transhipped at Bombay into the Mail Steamer proceeding direct to Marseilles and London.

Parcels will be received at this. Office until 3

the day before sailing. The contents and alpe of all packages are required. For further particulars apply to

MACKINNON, MACKENZIE

Agents,

i

& CO.,

Hongkong. October 4th, 1921.

f1540

MITSUBISHI ĮSHOJI KAISHA, LTD.

(MITSUBISHI TRADING CO., LTD.) COAL, GENERAL IMPORTS

AND EXPORTS.

Sole Proprietor of Cón) Mines of "TAXABRIKA; OCHI, MUTABH, KINKILAWN. YOSHINOTANI, Holo, Namazura, Bato, BRIANEW

Kanada, Kaxitaxada, BIZA & OTUBALI

Agents for BAKIT Coal.

Head Office:--TOKYO.

Branches & Representatives -NAGARAKK KARANTU, WAKAKishu, „Mon, Kni

· Fozz, Osaka, Truzuga, Nabota, Toro' BAZA, TOZTO BIZODAZE, HUMORAN, OTAKU, VLADTIONCUK, PEKING, Fiziran DATHEN, TRIN GTio, Hanzow, ŚHaWUWAI „HONGKONG” CANTON, MANILA, SINGAPORE, SonnaxATA, LOWDON, PANIK, NEw Toky

& SMANELM.

Cable Address ---IWABKIBALĄ

Codes --A1, A3.0, 5th Ed., Western

Union and Bentley's.

دران

Aguney for um The Milaubishi Marina

Pio Xinrazoë, Co.'

The Omka Mains Vim Jarurance Co,

For parties apply town

KOMURA, Manager

14. Polder Street Hongkong

MANILA

Singapore; returning from Calcatta, steamars' proceed via Straft and Hongkong to Japan, ocesalmally calling at Shanghai. All steamers have excellent passenger accommodation. fitted with Electric Light and Fans and carry a fully-qualified Sargeon LINE:-Sallings approximately avery Ave days cetween Canton and

Shanghai, sometimes, calling at Swatow. Through tickets on be obtained and through Bill of Lading are issued to all- (LINEA weekly sorrico la maintained with

Northern and Yangbang Porta via Shanghai by vessels with good

HALPHONG LINE: Salling aproximation, salings from both porte every Felday. approximately weekly for passengers and cargo

when inducement offers.

BORNEO

TIENTSIN

, ཎྷཱ;

at

LINE de skiktion to and from Bandakan, by two 5,000 tom

steamers

KINSANG” and 4*

"YANNIS' both steamers

having excellent passenger accommodation. Cargo bakem on through Bills of Lading for Andat, Jesselton, Inbaan, Tawas And Labad Datu

LINE:-A regular service is run from March to November between Hongrong and Tientsin, calling at Welhaiwel and Chefoo BANGKOK ĮLINE-A weekly service is provided between Hongkong and Bangkok, via Bwsbow, by four steamara Arted with up-to-date patronger accommodation,

CALCUTTA

.5.2.

LINE.

or about

LAISANG" will be despatched on Saturday, 8th Oct., at 3 p.m., for SINGAPORE, PENANG & CALCUTTA,

Through Bills of Lading issued to RANGOON, PORT SWET.

TENHAM, MADRAS and DUTCH EAST INDIES.

For Freight or Passage ́apply_to="

TELEPHONE No 215.

היי.

Jardine, Matheson & Co., Ltd.

GLEN

GENERAL MANAGERS

AND

SHIRE

Joint Service of Steamers.

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

Veusel

8.8. "PEMBROKESHIRE” 8.8. "GLENIFFER M.V. "GLENGYLE" MV. "GLETO‡LE"

Vexual

4

M.V. "GLENAPP"" SS. CARNARVOYSHIBE 88. GLENIFFER"

OUTWARDS.

HOMEWARDS,

Lesves Hongkong

Due Hongkong

20th. Oct.

22nd Oct.

10th Nov.

20th Nov.

Discharges

19th Oct. GEROL, LONDON, ROTTERDAM & HAMBURG.

3rd Nov. LorBox, HOTTERDAM & HAMBURG

23rd Nov. GENDA, London, RoFTERDAM & Hanyula,

Movements are subject to change without notice.

For freight or farther particulars please apply to 1-

Jardine, Matheson & Co., Ltd.

The Glen Line, Ltd.,

Telephone No 215 sub-ez, 21 and 3696.

Cable Address

Kawakinen, Kobe,

· Bentley's A.3,0. 5ú"EL

and Bott's Codes.

KAWASAKI

KISEN

AGENTE.

Telephone: Saazenly

2844 8333,

(KAWASAKI STEAMSHIP CO.,

GAVITAL - PAID-UP

MAISHA

120.000.000

Prezidents Mr. Y. KAWALAKL✨- Vice-President: Mr. K. MATSUKAZA. Mihaging Director. Mr. MASATA AN

The Company has on hand a Large Nuzuber of

NEW CARGO STEAMERS

ALWAYS BRADY FOR CHARTERS of all descriptions.

The following was comprised in the Company's Fleet

Eleven steamers, of 8,100 tons each deadweight

And wonder the Oostpany's

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

wag?))-(Belziging' to the Kawasaki Dockyard Co. Ltd)

For Charter Balm and all other particulare apoly sa thé

KAWASAKI KISEN KAISHA.

No. 8 Bund) Koss.