1922-06-23 — Page 7

THE HONGKONG DAILY PRESS, "FRIDAY, JUNE 280, 1952.

BRITISH INDIA STEAM NAVIGATION CO., LTD.

(APCAR LINE.

The Company's steamer the 8.1. "EGRA," 18 knots. 5,108 toas gross, left Singapore on the afternoon of the 21st instant, and is due to arrive here on the 25th idem. She will be despat- ohed on or about the 27th June for SHANGHAI & JAPAN.

The "EGRA" is one of the Company's up-to-date steamers carrying 46 First class and 39 2nd Saloon Passengers, all accommodated amidship with sumptuously fitted up cabins,

etc., Dining, Musle and Smoking Rooms.

FOR PARTICULAES REGARDING FREIGHT AND Passat, APPLY.

MACKINNON, MACKENZIE & CO.

B. I. ACPAR LINE.

AGENTS.

TRADE AND INDUSTRY,

THE CORNER TURNED.

PRESIDENT OF THE BOARD OF TRADE'S REVIEW.

it

And

Mr. Stanley Baldwin gave the House of Commons on May 17th a highly agreeable surprise. The business of the sitting was the Board of Trade vote, unil members naturally expected an opening from the President of the Board on the stereotyped lines. But he broke, away froir dull con- vention with the happiest results and discourses for hour on the present state of trade and industry, he did it mirably," accomplishing a mca bigger thing than he has ever done before." The House of Countonɛ bus knowu him for a neat speaker with a turn for humour, combined with a sound know- Indgo of business. He is, indeed, one of the few Ministers who talk business not as clever politicians who have got up the subject, but as men who have known what it is to open letters in a counting-house at hine o'clock in the morning and to scheme to get orders when they are not to be got without a struggle. tis reriew was the real thing, and business wen in the House applauded his well-balanced judgments.

Nor did be forget his dry humour, which

W.S. BAILEY & CO., LTD., spiced and animated the whole. It is to be

ENGINEERS AND SHIPBUILDERS, KOWLOON.

Tug-boats, Barges, Fast Launches, River. Steamers,” and Motor-vessels.

Constructional Work; snd. Repairs of All kinds.

Cables: SEYBOURNE.

Telephs:

...E..21. "...I.688.

Works (day) Manager (right) Seci stary

1 ...K.869. Harbour Engineers... K.604, K.622.

REMOVAL NOTICE.

HAVE REM. VED TO

No. 16, Des Vœux Rd., C., (Between Our Former Premises and Blue Bird's)

On display New Stock of

MANILA HEMP" HATS, ›

SWATOW DRAWN WORKS,

EMBROIDERIES and LACES.

SWATOW DRAWN WORK CO.,

Phone No. 2860.

P. O. Box 445.

JAPAN COAL

AND

GENERAL IMPORTS & EXPORTS;

AGENTS FOR:--

THE MITSUBISHI MARINE & FIRE INSURANCIS 00. THE OSAKA MARINE & FIRE INSURANCE, CO,

MITSUBISHI SHOJI KAISHA

(MITSUBISHI TRADING CO. LTD)

HEAD OFFICE TOKIO.

No. 34, PEDDER ST., HONGKONG.

"PHILIPS"

APHILIPS LAMP

IS A PERMANENT

ECONOMY

SOLE AGENTS

Holland China Trading

Hand Hong Kong

hoped, therefore, that Mr. Baldwin las met a procedant for the Board of Trade, jnat as the fate Lord Harcourt did when be first gave the House a survey of the Dominion and Colonial year when he was at the Colonial Office some years ago. It will be an admirable thing if a cupable, Pre- sident of the Board of Trade dilates once a year on the all-important theme of Trade and Industry. For, as Mr. Bakl- win said truly enough, trade is our very life. Our country is "industrialised up to, and perhaps beyond, the limit of safety." and we know from the enormous cost of the doles what a drug on the State's resources is the expense of keeping nearly 2,000,000 unemployed and their dependents.

FACTORS OF HOPE:

"

Mr. Baldwin does not like to be counted *** optimist." But at least he is hopeful. Cheerfulness has broken in, and he was suffi ciently confident to venture the forest of a slow and gradual improvement." He is are that we have come to the turning in the long lane. Trade is growing better and better every day even if only by almost imperceptible advances. If we can get away from "nilitarism in industry" and rid ourselves of "deliberate stoppages,' realising that they mean a deliberate lowering of the standards of life," there is an illimitable prospect before British trade. So say the President, We are slowly climbing out of the awful pit into whicha we fell headlong on the collapse of the post-war boom. The index-figure of our exports of manufactured goods, taking it as 100 in 1913, is now 65, which is 10 below the figure of 1920, but 17 above bottom. Suraum corda, says Mr. Bald- win to the traders. "Westward, see, the land is bright. For a real improvement is observable in the United States, where

LASURE WATĀ ̃

THE

OCEAN

ASE DENTI LUAR ́NTKE CORPORANIN LIMITED

ALCIENT VILLNESS MOTORES MOTOR CYCLES FIDELITY GUARANTEES BATGAGE BURGLARY EMPLOYEES INSURANCE

SHANGHAI OFFICE-

04, PEZING ROAD. AGENTS for Hongkong

and South Okina,

* DODWELL & "CO.. ITD. TELEFE. 1030 21 QUEEN's Bzos

Don't worry.

I'm here!

SHADE

household.

A Welcome Visitor

at any time in

every Every

Bug, Flea, Beetle,

Moth, Fly, etc., dies once it has come into proper contact with

KEATING'S

GRIMAULT'S

SYRUP

OF

HYPOPHOSPHITE OF LIME

FOR

STUBBORN COUGHS

́ ́BRONCHITIS

WEAK LUNGS

CATARRH

often the change begins. Our index figures CONSUMPTION

are steadying. The idea is spreading that the worst is over. The huge, high-priced stocks, accinnulated during the boom, are largely liquidated. Our trade reputation stands high. Our inreative gezion is still with us. London is still the "franicul centre of the world. Therefore, said Mr. Baldwin in effect,."Tose your heart up with the lark," but not so high us to lose control of it. There is a greater productive power in this country that ever before. Patience and hard work, therefore," was his counsel The order of the day should be that which was once given by Severus to his guards, Leboremus."!

IVETARZO

ARD

YEL FOOD

Metal bottle ther" remedy M. iswing sherriats dz Trierzo Semedies Co. Coeps Dez. N. W. & Ladon

BRALI À GROUPINY KESUTASION.

DR. LECLERC'S RE AND CONTE

LEVALDANS 06 PXRAHMN of the LLANT DZBANK, GERETE, Hackatten, GeoT, BECIARIE Mason to leading CHRISTS OF FOR Frie Da La

It must not be supposed that Mr. Bald- win just stood at the box and poured out a stream of optimistic prophecy. Not at all He gave a balanced estimate, and did not of the blessing. Wool was comparatively cheerful, with yarn "very busy," and the shirk the big weights in the other scale. He piece-goods trade better. Hosiery was good; put them all in one by one. World in leather slighly better," but worried by poverishment, the disquieting appetite for

higher tariffs, the collapsed exchanges, the rising tariff walle. Chemicals "improving:" financal trouble in Japan, the political tron textile machinery "very busy" this is not ble in China, certain ugly signs of discrimina an unmixed blessing, for it means more tion against our shipping, our foo burden. severe competition in manufactured goods. some taxes, which bave completely skinned As for engineering, the less said the better." Shipbuilding was almost dead, and many businesses of their working capital"—

Mr. Baldwin took up these nasty weights no one was placing orders. But there are one by one, appraised each in turn, and hopes of the perfecting of a new engine for then dropped it honestly into the scale. tramp steamers which will fill the yards, if There is not much improvement visible as certain hopes are accomplished."

Evidently, then, frade in getting ou, and yet in our European trade except with the tone of the speech put the House in Scandinavia, and Lancashire has been bearily hit by the increase of the Indian good humour. Mr. Baldwin received many duties, and

compliments, even from those who felt many other "adversa, bound to try to reduce his salary by £100.. factors. Nevertheless, if there is any un-It had been expected that Mr. Asquith toward delay in the restoration of Europe would be there to ask what the Govern Grea: Britain can stand it better than any ment meant to do about the "fabric gloves". other, and our traders must try to make

good by doing more trade with the Far which he has found such economical East and South America. Moreover, we platform wear of late, but he was not in his can all help by taking to heart the sound place, and left the moving story to be told by advice which Mr. Baldwin gathered from Captain Wedgwood Bean. The administra his calendar, "Seek happiness by limit. tion of the Dyestuffs Act came in for cons ing your desires, not by satisfying them.siderable criticism from the respresentatives One seemed to see the brand, slow, of the textile industries. But while Mr. Quakerish grin of the late Mr. Samuel Fildes said that it threatened their very Smiles. "

STATE OF THE STAPLE TRADES.

And the President gave detailed reasons for his confidence. The coal trade, ke said, was mending. It was the only big trado which had got down to an economic level "there was a rumbling growl from the Labour benches at this and the only one in which the export branch, had got back to its pre-war dimensions, But in destrial coal" was, not yet in big demand, till it was the miners, could not hope to earn big wages. Iron and steel were just hold ing their own; they, too, were getting down once more to a competing price. Cat ton was still to be blest, but did not despair (Continued if fool of meat enimmtÄ

existence, Mr. Woolcock argued that if the British dyestuffs industry went out of production German prices of dyes would. rise, and the textile people would then be in an impossible position. The cost of German dres, which can be made in Great Britain, is oneand three-quarter times above the pre-war German price; but the cost of German dyes, which cannot be made here, has gone up maven-fold the pre-war price. That shoute plain warning. Bir William Pearce said that people little realised how powerful the German com petition was, and declared that, the British areatuffs industry could only erst under protection. It would disappear it the much-criticised Acts were repealed. This was not very creditable to us, but it

as a fact-Daily Telegraph,

INDO-CHINA

STEAM NAVIGATION COMPANY, LIMITED.

BAILINGS SUBJECT TO ALTERATION -

TSINGTAU via SWATOW

SHANGHAI

MANILA...

HAIPHONG HOIHOW BANGKOK via SWATOW.

PHA] vm '51aTOW

SHANGHAI Vis SWATOW SHANGHAI, MOJE KOBE SHANGHAI SWATOW SHANGHAI vs SWATOW.. STRAITS & CALCUTTA ... SANDAKAN

*་

...

“KWONGSANGTMTM Friday, *WINGSANG ...Friday, *LEESANG"

Tuesday,

23 June,

Noom

·

gard Jane, 3 p.m

97th Jane, Dayliglik

CHAKSANG" Tuesday,

17th June,

WAISHING

Noor

No

Nat

nesday, "eth June,

CHEONGREING "Friday, «TUNGSHING" Friday,

KUTSAN& HOPSANG"

TINGBANG"

#KUMSANG" * HINBANG

Monday, ...Tuesday.

Wednesday, Friday, Saturday,

suth June

30th, June

3rd

July

Voca

4th July,

th July. Noo

7th July, -3 paa Sth July, Noon..

VALUUTTA LINE- This Line affords regular sailings de Galentia, Fening sul

are

Singapore returning from Calcutta #teamers proceed wis Diratio and Rongkong to Japan, occasionally calhng si Shanghai. All Heamers bare excellent passenger accommodation, Stred with Electric Light and fans and carry a fully-qualified. 3urgeon.

SHANGHAI LINK-Sailings approximately every three days between Canton and Shanghal, sometimes calling at Swatow. Through tickets ALIN be attained and through All of Lading are Laund Northern and Taughse Ports via Shanghal.

LINE

MANILA LINE :-A wocky service is maintained with Manila by remaals with good

gaasger accommodation, sailings from both ports every Fridays HAIPHONG LINK:-Badings approximately weekly for passengers and careR calling at Holhow when inducement offers. BORNE

Portnightly sailings to and from Bandakan by two 5,000 tome 58.8. HINSANG" and a "MAUSANG” both simmere having "excellent passenger accommodation. Carre, am Through Bill of Lading for Kudat Jesselton, Indaan Tanza and Inbad Data. TIMATEIN LINE-A regular service is ran rom Starch to hovember beźwome

Hongkong and Tiebeln, calling a Wedhalwal and Chubacz BANGKOK LINE:-A weekly service is provided hereen Hongkong sad Baigkor, Ewalow, by dre steamers dated with xp-to-date panamene

via

CALCUTTA LINE

1.8. " KUMSANG" will be "despatched on or abouk Friday, 7th Julv, at 3 p.m. for SINGAPORE, PENANG & CALCUTTA,

de

Through Bills of Lading issued to RANGOON, MADRAS, PORT Swettenham and DUTCH EAST INDIES,

For Freight or Panage apply to-

TELEPHONE NO. 215.

Jardine, Matheson & Co., Ltd,

GENERAL MANAGERS.

GLENA AND

SHIRE

Joint Service of Steamers.

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

Vons!

M.V."GLENLUCIE 8.S. "GLENSHANE'

8.S." GLENIFFER*** BS. RADNORSHIRE

OUTWARDR

HOMEWARDS.

Lear Hongkong

Das Hongkong

Tit Jaly Seth July.

Blacharges

4th July, GzzolLONDON, HULL ANTWex: & Hansura, 8th August, LONDON, ROTTERDAM, ANTWERPIHARURG

Movessants are subject to change without notice. For treight' or feribar particulars please apply to com

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

Telephone No. 336 sub-ex. 22 md. 5604

Cable Addres Kawakisen, Kabe

Bentley's A.11.0. Gik 3.

and Socia's Colar.

KAWASAKI

KISEN

(KAWASAKI STRAMSHIP (0) KANTTALMPAID-UP,

Prvódents Mr. Y. KAFARAKL. Vice-Preślach: Mr.-L. MármEKAVÁN Managing Director: Mr. Matara Azu)

kal Cerrosny kao in hand alLarps Membe

KAISHA

NEW CARGO STEAMERS

ALWAYE HEALSY - FOR "

CHARTERS of, u, descriptions.

The islewing are costpained in the Company's Floria

Zieven Resmers of 9,100 tons each deadwalgi

And under the Demony's Managinot Lane iwenty steamers of about 9,100 tona deadweight Two steamers of about 6,400 tons deadweight

Chelangng to Kawali Doskyzek Us, LAL)

Var ( mein 'Tat, maly slher, merilenlove upoły so th

KAWASAKI KISEN KAISHA.

84-8 Faxa Kons ·