1921-12-14 — Page 7

THE HONGKONG DAILY PRESS. WEDNESDAY DECEMBER 14 1011

DODWELL & CO., LIMITED

7:

REGULAR SAILINGS TO NEW YORK & BOSTON for NEW YORK & BOSTON via Suez

*EGREMONT CASTLE ” "DACRE CASTLE"

**

sailing on or about 30th Dec. vasiling-on-or-about End Jan.

LLOYD TRIESTINO.

TAKING QARGO ON THROUGH BILLS OF LADING FÖR LEVANT.

BLACK SMA & DANUBE PORTS.

FIUME having been re-opened for trafic, ergo is also accepted for this port on through Bill of Lading,

新品

BB,

راد

"CILICIA"

FOR

FOR BRINDISI,

TRIESTE"

"NIPPON"

CILIOLA”

TRIESTE"

SHANGHAI.

ailing on or about 23rd December. miling on or about Beginning Jan. 1922. VENICE & TRIESTE

%

sailing an or about 18th December. sailing on or about 10th Jan. 1929. sailing on or about End Jan 1995. Passengern" "Luggage can be insured at the Office of the Agenta.

NATAL LINE OF STEAMERS.

*. **UMSINGA"

miling middle of a

Balling from Colombo to South African Ports:-- SOUTH AFRICAN PORTS from CALCUTTA & COLOMBO.

Through Bills of Lading issued from Hongkong.

For Freight or Parnage on any of the above Innes apply to:--

DODWELL & CO., LIMITED,

Agenta.

N. Y. K.

NIPPON YUSEN KÄISHA

MAILLEUN KRUM KURULUNG, KUNENES TO AETXEATICE.

VICTORIA, SEATTLE & VANCOUVER

Japan porta

-Shanghai-

Through Bills of Lading issued to 'all'Overland summon Folate in: UBA. and Canada.

KASHIMA MARU

BUWA MABU (calling Manila)

FUSABEL MARU.

...

Tuesday, Saturday, Wednesday, LONDON & ANTWEBP via Colombo, Suez and Port Said

MARSEILLES,

YOKOHAMA MARU

YOSHINO MABU

MISHIMA MABU

Friday,

Friday,

HAMBURG, via LONDON & BOTTERDAM

LIMA HARU

LIVERPOOL vis MARSEILLES.

TOKUSHIMA MART

SYDNEY & MELBOURNE

'97th Dec, 21 11 am- 14th Jan, at 11 am. 8th Feb., asil an Singapore, Penang,

..

Gard Dec., at 11 am. 6th Jan, at 11 am. 10th Jan, at 11 am

Thursday,

19th Jan,

Thursday,

9th Feb.

TRADE REVIVAL STABILISING OURRENCIES. REDUCED COSTS IMPERATIVE,

Barter as a means of stabilising our rency was one of the suggestions put for ward by Sir Edward Mountain, chairman

WEATHER "REPORT.

December 13th, 33 1137.-Pressure has decreased moderately from Vladivostok to Shanghai, and increased moderately from NE. Japan to the Bonus. It is nearly stationary. in southern districts.

The antleyclone has weakened and moved award. It is now central over Japan. Moderate monsoon may be expected along, of the Eagle Star and British Dominicus the SEC of China, and over the Chins Insurance Company, in opening a debate.

on "The difficulties af export trade and Hongkong rainfall for the 24 hours its relation to foreign exchange, with ending at 10 am. to-day, 0.00 inch. Totsi suggestions for overcoming them, before since January 1st, 37.80 inches, agained ac the members of the Royal Colonial Inverage of 82,43 inches, p

INDO-CHINA

STEAM NAVIGATION COMPANY, LIMITED.

SAILINGS, SUBJECT TU ALTERATION

SHANGHAT-TRINGIAU VIA SWATOW "TUNGSHING "Thurs., 18th Dec, Dilight. HAIKHUNG VA HUIHOW

MANILA

SHANGHAI v. SWATOW SANDAKAN

BANGKOK VE STAZOWE NA SHANGHAI YOKOHAMA ♣ Konn. *** SIRAMS & CALCUTTA ........

Fri, 16th Dec, 10.. "TARRANG "YUNGSANG ...Fri 16th Dec., 3.r.. "HANGSANG" Su, 18th Dec, D'light, MAUSANG.Duce sah Dec, NOO HOFSHING Wedit De Dlight.

FOOSANG" Sat, 34th Dec, D'light LAISANG Bat Sith De FMVIN

stitute at the Cannon Street Hotel, EO The form for the 14 bom ending at CALOUTTA LINE:-This Line affords regular sailings to calcutta, Fenang and on October 24th. Sir Godfrey Lagdenna to-day is as follows him

DISTRICT presided.

Sir Edward Mountain, dealing first with

the problems arising through the short- Songkong to Gap Bock age of trade, said the greatest was that

of unemployment, and until a cure was Formosa Channel found there would be a perpetual drain

-

FORECAST

moderate.

N.E. windi,

The 'game as

No. 1.

No. 1. The same is

Jouth coast of China beswoon The game as

Hankkong and Hainan i No. 1. HONGKONG METEOROLOGICAL

REGISTER

·Hongkong: Observatory, December 18th.

Previous On Latejik Dato

Day

2 th

Barometer. Femperature Humidity

Wind Direction

-Force sather

21.

1pm. 5 am.

30.11

30.11

30.10

3

-68

.78

ESE

る

od

0.00

0.00 0,00

684

on the resources of the country to main-death ocast of China between

...Hongkong and Lainooka U tain those out of work, either by meang of doles or artificially-created work. That, however, would only throw a fu ther heavy burden on those who were already bearing more than they know how to sustain and would still further hamper trade. They must, therefore, before attempting to arrive at a solution,. analyse the reasons for the shortage of trade, the chief causes of which were: (1) The inability of foreign countries to buy our exports except on terms of credit; (2) the difficulty of granting such Feredits owing to the chaotic state of En ances and the ever-changing rates of ex- change; and (3) the high price of certain commodities owing to the cost of pro duction. Taking the first and second reasons together, "it was common know- ledge that if it were possible to stabilise exchange it would be very much easier to give credit. He had read a great many articles in the Press advising that exchange should be stabilised, and that various countries should be made to balance their budget, but very few sug gestions were made as to how that could be done...urrency was regulated by the laws of supply and demand. How could they stop the supply of currency by any country if they thought it was in their interest to continue printing paper money? If they found it was not in their interest they would take all means to Wed. 14 m 98 regulate it themselves; but, even if they

Bain Highest open-air Temperature on 12th Lowest open-air Temperature on 13th

HONGKONG TIDE TABLE.

From 14th to 20th December;-1921:

HIGH WATER.

Week or

Month

HZong

Standard

Tima.

Height.

4.8

8:18 al 8

8 67

could regulate the supply, how could the thus is m 9 59 demand be created for any country's cur

In his opinion, the way to Fri rency? stimulate it. was to encourage each country to export its products.

LOW WATER.

H kong Ötandard Time.

Bright.

63

milft, la

14

38

3 6 3 I 493.47 0 8

m

310 $3

15 m 1052 48 m 28 39. 5. Batu 17 m 11 48m 3.12 || 0 5:

10 25*4

433 2 mv 41

11 178 0813 4

1421

0 9 5,45 3 7.4m7 431 6 0 6 50

on 19

2'40

AP LINE

AR

It would seem at the moment that it was as impossible to stabilise the whole San18 currency of any country as it was to steady a globule of mercury. Possibly some means might be found to stabilise

limited amount of new currency for Inc 20018 each country, but it presented great dif ficulties. He did not think they were insuperable, however, but if it was possible trade in currency, then some other means of exchanging goods must be found somewhat on the lines of a big barber. Many of the countries with des preciated currency, had great potential, wealth, which could be utilised as sect- tity for payment of our goods if proper. machinery was set up for dealing with the matter. Fis suggestion was that a Committee should be appointed, on which leading financial, insurance, trade, ship- ping, and Government experts would be represented. Such a committee could in yestigate what security any country could give, and how much credit coulh be given against that security. The com mittee would then, acting on behalf of

Manila, Zamboanga, Thursday the Government and as Government

Island, Townsville & Brisbane.

TANGO MARU

NIKKO MARD

VAKILLAHU

NEW YORK, VIA PANAMA & QUBAN PORTS.

TOBA MARU

NEW YORK via SUEZ.

TSUYAMA MARU

Tacadas

20th Dec, at 11 am. 17th Jan, at 11 a.m. Tuesday, 14th Feb, at 11 a.m.

30th Dec.

Monday, 2nd Jaa.

BIO DE JANEIRO, SANTOS & BUENOS AIRES via OAPE.

BOMBAY via Bingapore,

AWA MARU TAMBA MAKU

JALOUTTA vis Bizgapore,

MRBOSHI, HARU NAGASAKL

NIKKO MARU

Penang and Colombo,

Tursday,

20th Dec. Monday, 2nd Jan Penang & Hangoon.

Thursday, 29th Dec.

KOBE & YOKOHAMA.

CHANGHAI, KOBE & YOKOHAMA.

TAMAGATA MABU (omitting Shanghai). MISHIMA MARU

SADO MARU

Friday,

18th Dec. at 11 am

Wednesday... Wednesday, Pridny,

14th Doc. 14th Dec, at 11 am.. sard Dec. at 11 a..

For further Information suply NIPPON YUSEN KAISHA

·K. HAKAMP, Manager. Telephone Nes.. 292 à 283

YAMASHITA

KISEN

KAISHA

(THE YAMASHITA S.S. Co. LTD.)

¢i

REGULAR FREIGHT & FAKSENGER SERVICE

KEELUNG HONGKONG & HAIPHONG

Sailing from "Hongkong.

FOR HAIPHONG Mó Holbow & Pakhol

8.8. "TAIKWA MARUNTUT ET or about Doc. tad FOR KEELUNG via Swatow & Amoy

** HOZVI MARU””

on or about 22nd Tipe-

For further particulara, vienes i

Singapore: returning from Calenta ateamers proceed win Baraith and Hongkong to Japan, ocotonally calling at Shanghai. All steamera bave excellent passenger sccommodation, waru fted with Electric Light and Faza sad carry a fully-qualidod Surgeon..

SHANGHAI LINE:-Sailings approximately every dive days detween Canton ANG Shanghai, sometimes calling at Swanow Through tickets wan be obtained; and through Bill of Lading are limed, to all Northern And Tangtare Ports via Shangbal MANILA

LaNE sed weekly service is maintained with banka by vossain with good Para prasenger accommodation, saklinga bota parts every Friday, MAIPHONG LINE Ballinge Opproximately weekly for passengers and carrO,

at daha hen inddoment offers.ir

YANSANG", bobb HORNRO

LINE Foringly sailings to and from Sandiaran by two rỗ,000, toma

HINSANG" and "u. having excellent passenger accommodation, Largot taken on sbrough...

Bill of Lading for Kudat, Jesselton, Labaan Andarhad Dat

TIENTSIN LINE-Ä

!། *།

་་

regalar service is ran from March to November bet Hongrong and Tiantain, calling so Walhalwal and Che BANGKOR LINE - peakly service is provided between Hooghong and Bangk

vik, Sway; by four steamers fitted with accommodation.

CALOUTTA

LINE,

BA'LAISANG" will be despatched on or abwei Saturday, 24th Dec., at 3 p.m., for SINGAPORE, PENANG

& CALCUTTA.

Chrough Bills of Lading issued to RANGOON, PORT SW TENHAM, MADRAS and DUTCH EAST INDIES,

Fur Freight or Passage apply to-

tom Bo' 215.

Jardine. Matheson & Co., Ltd.

GLEN

(CHAPOTEAUT)

LADIES

COM

~~For-Tenctional-trophies, delay, palu and, tuos irregularities pocuiter to the Ser

Prescribed By: the highest Fresa dical authorities and paperior" to thasey, steel Drops and, Pengy METAL BRAPOTZATZ, 8. ene Firitudo. Pestr

agents, insure our merchants up to that extent with that country at a reasonable, rate of premium. One of the most fruit ful fields might be within our own Em- pize. That would be a start in the re vival of trade, but would not be sufficient in itself. The other effort should be in the direction of reducing the cost of pro-i duction, the primary cause of which was the high cost of labour and coal. The cost of production could only be lowered by an increased output, cheaper labour, and cheaper coal, but it was very dif that the cost of commodities could be fiquit to get any increased output until cheapened and the languishing trade of trade revived. With regard to cheaper the country resuscitated.. labour, one of the first essentials was tol reduce the cost of living. Fortunately that Germany was the chief sinner in the that was already occurring, and every means to hasten a reduction in the prudeliberately printing millions of marks:

cess should be taken.

CHEAPENING PRODUCTION.

CALE & ARENAK

Mr. A. Barton Kent was of the opinion

matter of depreciated currency. She was

per week in order to increase the pos sibility of selling cheaply. That, he be lieved, was a deliberate policy, and was a matter that should eagage the seriour consideration of the Allies

It would take a long time before the trade of the world assumed its normal course. Different bodies of experts must

Mr. W. Leggett, of Rhodesia, was be simultaneously engaged in trying to stimglate our export trade, and endea

unemployment in Great Britain was due vous by getting every security that emphatic in his belief that much of the existed in purchasing countries, to pen to the fact that she was claiming too up avenues of trade with each country large a share of the world's work. Ia to the extent of that security. Another Rhodesia prices were now back to pre-war body of experts should be considering level, but in Great Britain they were every means of cheapening the cost of still asked to pay 100 per cent more than production, especially as to how to the pre-war, limit. The situation, could cheapen the food supply. A third body be largely met by reducing the levy made should be bastening the Ter Menico on the people abroad to pre-war stand- scheme as far as it was possible to do 89. ards, and until prices were brought down A fourth body should be endeavouring all remedies were mere palliatives, which to solve the problems of stabilising the would do nothing to meet the disease.. currency of various countries It is Hear, hear the business of every expert in this coun ME Halfield thought that more try." declared for Edward, to place at should be done by the business community the disposal of the country the whole of to explain the situation, particularly in his expert knowledge to unravel present

workers.

...

day problems The Government, with regard to the cost of production, to the all the goodwill in the world, cannot do Mr. F. Dutton said one of the chief this by itself, and it is only right at dificulties in the way of increased pre- this time of dire distress, that the Gor-duction was the hostility of trade unions erament should be able to look to every to bonus schemes. Buch payments would ons to do everything that lies in their stimulate the workers to increase act power to assist in the general movement ivity, but the unions were against them, that must take place to relieve the great because their policy was all for a problem that to day confronts the various common denomination-the imposition of nations. We must find some dans of standard wage to every worker, whether restoring us speedily as possible our ex- he was efficient or not. If that difficulty port trade, or our period of distress will could be overcome the cost of production continue," (Hear, hear.)

would be speedily reduced.

Mr. Donald Begg said a good deal was

The Hon. J 5. Jenkins, in proposing heard Bbout Government, and municipal vote of thanks to the chairman and waste, but the point which seemed to principal speaker, referred to the scheme have been overlooked was the waste of which had been put forward by the time. That was a question which sould Government, for the relief of unemploy be tackled immediately. The policy of ment, ho súd, that huge sum of *ca canny” was demoralising both to money was to expended for the relief, of those who practiced it and to their the people and the relief of the tax payer. fellow-workers. The country could afford the work past be carried out on piece to pay workers, but not slackers-(bear) work rates. If trade union rates were bear) and it was only by honest work enforced the burden of expenditure wonk

(Continued at foot of next column) be considerably increased.

GENERAL MANAGERS.

AND

SHIRE

Joint Service of Steamers.

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

OUTWARDS.

ENGYLE

LUCE

8.8. GLENSHANE

$8. "GLENIFFER M.V. “GLENAVY"

HOMEWARI

Saved Hoggiang.

13th Dec, GEROL, LONDON

Due Hongkong

17th Dec,

19th Dec.

'31st Dea

51st Dec.

Dlacharger

STWERP,

20th Jan. Giros, Loydon, Rotterdam,

Movements are subject to change without notice.

farther particulars pleses apply to g

Jardine, Matheson & Co., Ltd.

The Glen Line, Ltd.

Telephone Na. #15 sub-ar. 13 and 8896;

1:

Bentley's A.R.CL. 5th Md.

• Boatt's Codes.

KAWASAKI

KISEN

Telephone", Banzanły

(KAWASAKI STEAMERIF CO.)

NAHITAL--PAID UP

NEW

KAISHA

Y 20.000, (X3G

Freddentity. Kiviin. Vice-Presidenti, Mr. K. MATSUKATA. Managing Directors Mr. Masaya -ÄKI

ne Company has on hand a Large Humber

CARGO

STEAMERS

"ALWAYS" BRADY-TOR- CHARTERS of all descriptions.

The following are comprised in the Company's Flesta

Bleven steamers of 8,100 tons each deadweight.

And under the Company's Managematch poin

Twenty steamers of. About 9,100 tons deadweight esan. Two- steamers of about 6,400 tons deadweight sach. (Belonging to the Kawami Dockyard Co, Ládá

Bir Charia Elsier and all shur particulars spelý to the

KAWASAKI KISEN KAISHA.

BEREAN CUB6, By Barn Kos