1923-06-29 — Page 2

Page

1HE

IMITATED BY

Perfection

BOEREN WALIK

MANY.

PERFECTION SCOTCH

EQUALLED BY

NONE.

SOLE AGENTS:

GANDE, PRICE

@ CO., LTD.

WINE MERCHANTS,

Tel. Central "No. 135.

No. 8, QUEEN'S HOAD CENTRAL,

HONGKONG.

DAIRY FARM NEWS

+

Your and Your Family's Health depend in a Great Measure on the Quality and Purity of the Food. You use.

Have You Considered ·

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THE GENERAL COMMERCIAL CO., LTD.,

10, Des Vœux Road Central.

Sole Agents for Hongkong and China.

W. P. SIMPSON

(LATE OF DISS BROS.)

Phone 3255

TAILOR & BREECHES MAKER

has opened Business at

ASTOR HOUSE BUILDING,

Queen's Road Central,

DRUGS

2nd Floor.

PRESCRIPTIONS

[846

[785

When the Doctor prescribes be expects the Druggist to fill the prescription with Fare Drugs. The quality of our Drugs, Medicines and Toilet Goods is not surpassed. Have the Doctor's Prescription filled here; and: the result, will be watisfactory

THE PHARMACY,

The Rel{BuildiYO (OPRARE loz House ST.)

HONGKONG TAILY PRESS, FRIDAY, JUNE 2918. 1998.

JAPAN'S TRADING METHODS. PREVALENCE OF THE GAMBLING SPIRIT

MEETING OF THE YOKOHAMA · AND TOKYO FORMIUN BOARD OF TRADE,

り

work on the slightest pretext, and do very DISCRIMINATORY REĄTMENT OF FOREIGNERS." little when they are at their denken. The In conclusion I should like to draw loss falls on the importer, and the Gov- your attention to, and make an apprecia- ernment wants to discourage importa; not tive remark about an editorial in the much hope for improvement, I fear. Jiji Sh'mpo, which came out about a week

ago, as it shows that, in spite of evory-1 thing, the international mind is develop- ing Japan, and that there are ner here who possess vision and are facing squarely towards the light. The Jij said ia sub stanco:-

Dr. J. E. de Broker also addrengeil the meeting, calling attention to the need! for, Commercial Courts in order to ex- pedite the bearing of cases.

THE

AMERICAN EXPRESS co..

INCORPORATED.

Reap Orvice

NEW YORK CITY.

INTERNATIONAL

Rucial equality and fairness in trade, BANKING-SHIPPING-TRAVEL relations are principles which must be acted upon for advancing the welfare

Eighty Offices are established in the Principu.

of mankind and ensuring the peace of Cities of the World to provide Commerota, the world. As we have often-urged, it Organisations and Frivate Individual with a is well to espouse the principhs. But completo World Wide Banking, Shipping and to get the best results from advocating Travel Service, them Japan must first end the dis

eriminatory treatinent, which she is her; COMMERCIAL LETTERS OF 'OREDIT, Belf extending to foreigners. The pria DEPOSIT AND CURRENT ACCOUNTS

cipal examples of this treatment are denist to allens of landownership, consting trade and mining rights. An other example is the prohibition of the eutry of Chinese Inbourers into the country. Unless these discriminations are abolished, Japan's advocacy of racial equality and fairness in trade) relations must lack weight. There, is excuse for those things. They spring]

A new regulation was instituted at the end of the year, by which exporters are required to furnish hun invoice of the goods specified in the export application, on pain of having each packagis opened At the annual meeting of the Yokohama and the contents examined in detail. The and Tokyo Foreign Board of Trade held reason given is that it is desirable ta as the Board Rooms on Monday (11th secure, tuore exact statistio; but it is not inst.), Mr. I. Bickart, the Chairman of easy to see how these are to be obtained the Board, gave an interesting review of under the now regulation. On the other the year's trading, in the course of which hand, it is certain that any obstacle placed he took accasion to refer to the evils in the way of an exporter does bart to that have followed in the wake of the the country." war. From the full report of the speech. HEARING OF COMMERCIAL CANER." appearing in the Japan Gazette" we make the following extracts:-

"Altogether, the past year has seen à series of endeavours in all parts of the world to bring some sort of order into I am certain" (said Tr. de Becker) the state of chaos which has prevailed that I am voicing the sentiments ol' a almost universally since August, 1914. very large section of the entire "com While the European countries are ab-munity when I venture to state that sorbed in these momentous questions, buainies inen, both Japanese and foreign Japan, having enjoyed exceptional pro alike, are getting simply sick and dis sperity daring and immediately after the gusted with the exasperating delays to great war, in continuing slowly to adjust which commercial enses are subjected. her affairs. This adjustment has certainly even when the issue involved is extremely bern somewhat slow, and it is high time simple and the value of the subject matter for the Government to tackle the situa comparatively small. Some of these cases tion in earnest, as unless this is done, are alowed to drag on month after month: the position of Japan as air exporting and even year after year, and, the most country will be seriously metised when palpably finsy defences are gravely con- of being Europe again settles down to steady work. Įsidered and investigated, instead Japan has so far had a very easy time, brushed aside and spurned as puerile and Instrad of cases being heard! the boora following the war put a great dilatory, deal of money into the pockets of the consecutively and decidal upon then and people, and the result is that they ac there, as they obviously should be, they quired extravagant habits, and labour hasare heard in sections for an hour or so become less productive. Trader, have be at a time, and then adjourned for three come, gamblers, and the spirit of get rich weeks or a month to permit unecessary quick has demoralised still further those witnesses being called and belated pleas AUTHORISED CAPTITAL who were originally not over-scrupulous being supplementarily filed. In fact, in SURECETED AND PAID UP in their dealings. Plenteous supplies of many cases, the whole procedure from & RESERVE FUND money ninde banks careless in granting business man's point of view is a farce advances to questionable enterprises, and from beginning to end, and the tendency the result has been that when the day of to formality and red tape has become sa reckoning arrived many of them were un irritating and excessive that it nullifes able to face the situation they had them the legal remedy and results in a sub- selves brought about. If Japan is to be stantial denial of justice. Moreover, these! come cebnomically sound again the whole delays, being long-drawn out, are costly system will have to undergo a thorough in more ways than one, and people with limited means are often barred from rearganisation.

soeking justica bocause bitter practical ex- parience has proved to them, that the legal remedy is infinitely worse than the legal disease."

JAPAN LUSING HOLD OF HER MARKETS.

A

also

FOREIGN EXCHANGE,

* LETTERS OF CREDIT,

TRAVELERS ONEQUES. LETTERS OF CREDIT. STEAMSHIP PASSAGES. HOTEL RESERVATIONB BAGGAGE INSURANCE.·

from sentiment or self-seeking, and CABLE AND POSTAL REMITTANCES consequently there is great danger of the situation becoming further aggTAVA ed!."

p.&O.BANKING CORPORATION

LIMITED. (INCORPORATED IN ENGLAND 1920, ..with which is affiliated THE ALLAHABAD BANK, LTD,

INDIA.

£3,000,000

PURCHASE OF BILLS OF EXCHANGE.

Every approved Banking Shipping" and: Travel Transaction.

P J. VANHECKE,

Manager.

RUBSO-ASIATIO

BANK

CAPITAL (FULLY-PAID)

Routle $3,000,000- 26,060,000

RESERVE FUND

£2,594,160 CAPITAL COSTRIBUTED

£90,000

HEAD OFFICE 123, Leadenhall Street, Loudon, EC. 3. WEST LONDON BRANCH: 14-16, Cockapor Street, London, S.W, L.

EASTERN BRANCHES:

Bombay, Calcutta, Karachi, Madras, Colombo,

Singapore, Hongkong and Shanghai.

The Corporation undertakes General Banking and Exchange Business of every description ad in addition to its Branches has Agencies in all the principal Cities of the world

C. CHAMPKIN, Managur,

...

12, Des Voeux Road Central Hongkong.

BANE. LTD.

HEAD CYFICE

York Building, Chater Read Hangröng.

BRANDKES: "A Shanghai-51, Kiangae Road. Hankaw-British Concession.

CORRESPONDENTO IN:

..

London, New York, Chicago, San Francisco, Vancouver, B.C., Honolula, Singapore, Panang, Tisatzis, Swat w. Macao, Canton and all Com mercial centres of Chins and abroad.

Many markets which could have been remained if proper efforts had been made to keep them have already been lost; and The speaker then gave an outline of even in China, where her proximity and the precedure which should be followed similarity of customs and written lang-in Commercial Courts, which, he mention- unge give Japar an enormous advantage, ed, bad achieved great success in other The necessity of legislation she is feeling the severe competition of countries other producing countries. It would be against unfair competition was rent disaster if Japan should lose that rawn attention to by the speaker, there THE INDUSTRIAL AND COMMEBOX market through laxity of efforts and anti-being, he said, so many unscrupulous quated methods. Excessive wages, as dis- tricksters about who steal the business tinguished from adequate wages, and ideas of competitors, and whoso activities careless manufacture are the complaints form a serious menace to honest trading. most frequently heard attered against that special legislation is needed to pro- this country: it has to be admitted that teet the community from them. These they are generally justified. It would, people imitate wrappers and receptacles, of course, be impossible to get the lyel spread injurious and false reports, entice, of wages back to the pre-war standard, suborn and bribe the employes of other and the remedy can only be the improve. firms and do other equally reprehensible ment of the skill of the wage earners. In acts which the existing laws do not reach; other leading manufacturing countries, and it is time that something was done, Wages are higher than they are here; the to stop this kind of thing by rendering akill of the workers is also higher, such practice legally dangerous."

"It would, however, be unfair to blame Among other matters to which Dr. de the Japanese workman for his lack of Becker drew attention as requiring re ability the fault lies to a great extent form were the complicated tax system with the capitalist, who cannot be brought and the telephone installation scandal, to look ahead, and in this anxiety for the whole trouble in regard to the latter immediate profits will not lay out funds point being that the Department of Com Bufficient for the installation of up-to-date munications failed to exercise any fore- machinery and the adequate training of sight, appeared stolidly, indifferent to the the workmen. The inferiority of much crying needs of the community, and ap- that is manufactured in Japan is due to parently had no sympathy whatever with the fact that the goods are produced by the inconvenience its shortcomings were irresponsible concerns. Another reason causing the public. The speaker also con for irregularity of the goods turned out demned the increase in the foreign postal is the large number of petty factories, rates as a penny wise and pound foolish which, employing a few workers in each, policy, tending to injure Japanese com- amalgamation into large units would help merce.

to rectify the defects to which I have: referred.

an

HIGH PRICES.

Turning to the question of prices Dr. The Government is reported to be de Becker said:

"The next thing I wish to remark upon. considering measures for bringing down the excessive' cost of living in this country.is the question of prices, because if some During the year feeble efforts were made thing is not done to reduce these to to cope with the evil: but the opportu normal figures I am afraid them are nity offered by the splendid rice crop was troublous time abend. Japan, which was exclusively agricultural missed as the Government arranged to formerly buy up the surplus of the crop, and thus nation, has committed herself to indus prevented what would otherwise have been trialism, and it is now a vital necesity a we come fall in the price. Producers for her to find an output for her many- of copper were also granted protection factures; but if she does not take drastie by an increase of the import duty In measures to prevent profiteering in the face of such action, it is hopeless to necessities of life she is bound to lose a No expect that the Government is likely to great deal of her overseas trade.

can defy assist in making living easier, and thus people and no Government

nabling producers to compete in the economic laws and no traders can hold. markets of the world. The influence of their own if they cannot meet fair competi those who are interested in the mainten- tion. Articles can now be produced and ance of prices at the present love to still sold abroad at lower costs than in Japan

and, if this continues many of thef too strong.

factories which were started with such

**ALL IS NOT WELL WITH THE COUNTRY." "That, the increase in exports consists great hopes will eventually be forced to close, thus throwing a vast number of almost entirely of the vales of the raw people out of work, creating difficult silk shipped to the United States, while social problems and undermining the no other article of export has shown any very fabric of the state by paving the way increase worth mentioning, and many for dangerous demagogues to turn the have declined is a certain indication that heads of half-starved mobs. For a time all is not well with the country. Silk the country may get along and keep going may perhaps no longer be classed as a by imposing still higher protective tariffs luxury its comsumption may increase but this means the people will be literally But the constant development of the feeding on their own fesh, consuming artificial silk industry, and the always their reources, destroying their inter present risk of a change of fashion in the national trade, and pursuing a wholly re consuming countries, must be reckoned trograde course. Now as rice is the staple with in estimating the chances of the food of Japan and as it fixea the standard natural product to hold its own. The of all prices in this country, I submit that Lime is now" ripe for an earnest effort to in the general interest the Government develop the export trade of the country, ought to adopt immediate and efective and if it effort is not made, the out steps to bring the price of this vitally look is not encouraging.

necessary commodity down to the level to The prospects for 1923 are in favour which it would naturally fall were it' of a reduced inport: the good rice crop not for wholesale manipulation and en- of 1922 should make imports of that greeting by speculators, ded the unwise staple unnecessary. It is not likely that interferences of the Department of Ag- any overtrading has been done in any riculture and Commerce. I believe that if of the big staples, so that the ground is the Government would abandon its per¬ prepared for an improvement in businicious policy of bolstering up prices, pro

tecting industries, and grandmotherly

деяч.

I would have wished to report an im coddling and meddling with natural provement in the general work of the economic laws, we would soon see an im- Customs Honao. The fact is that con- provement in the situation. But before ditions have not improved in the handling much good can be accomplished, specula of import cargo, It is no unusual thing tion in, and chines, controlling, food for goods to remain on the Hatoba for a stuffe must be absolutely stopped by means month while being passed through the cf appropriate legislation, because the Customs this even in the case of cargo food speculator is very little better than which could be easily inspected and apa pirate in his methods, and for more praised. The officials of the lower ranks dangerous to legitimate traders and the still waste time, remain away from their commonwealth,

* PROMPT SERVICE. - Attractive rates for all kinds of Deposits Inquiries are welcome

T. H MAL

1989)

CHINESE GOVERNMENT

RESLAVE FUND

***

BY THE

HEAD OFFICE: Paris 9, Bus Bondrean. ICWDON OFFICE:

64, Old Broad Street, EC. 2.

BANKERS:

Kup. Tla 3,500,00 1,750,000-

Societe Generale LONDON: Mears. Glyn, Mills, Carrie & Co.

pour Favoriser le Developpement du Commerce at de indus trie en France. PARIS: Societe Generale pour Favoriser le Developpement du Commerce ot de FIndus trie en France

Bp aque de Paris et des Pays-Bas, ・・ LYONS: Societe Generale pour Favoriser le

tria di Commerce et de Indus

Trust Company, NEW YORK: The Irving Back Columbis BAN FRANCISCO: The Crocker National Bank

of San Francisco.

"ÎBEANCHES INT" ANZA:

༥ ་ ༦

Changchun Hankow Hazchouli Tientein Chefoo

Harbia Newchwang Urantchi Hongkong Faking Yokoham Kashgar Shanghai

hairen

Haifar

HONGKONG BRANCH: Interest allowed on Current Ascounts and Fixed Deposits. Terms capplication. Loa Bille discounted..

Foreign Exchange on the Principal Cities of the World bought and sold.

R. A. RODGERS,

Manager.

637]

NOW ON SALE.

THE

DIRECTORY AND CHRONICLE

CHINA, JAPAN, BRITISH MALAYA, INDO-CHINA, SIAM, PHILIPPINES, NETHERLANDS INDIA, ETC.

SIXTY-FIRST

FOS

1923

YEAR OF PUBLICATION.

13 NOW BEING ISUED AND CONTAINS

ALPHABETICAL LIST OF FOREIGN BUSINESSES, THEM PERSONNEL AND AGENCIES, CLASSIFIED BUSINESS DIRECTORY OF THE CHIEF TRADE CENTERS ALPHABETICAL LIST OF FOREIGN RESIDENTË ÎN THE FÅR HANT „GOVERNMENT AND OFFICIAL DEPARTMENTS,

15 UP-TO-DATE, COLOURED MAPS OF THE PRINCIPAL PORTE IN THE FAB KAST. DESCRIPTIVE AND STATISTICAL A000UNTS OF THE VARIOUS COUNTRIES AND

TRADE-CENTRES' OF THE FAR EAST,

TREATIES, TARIFIS, STAMP DUTIES, BROKERAGE CHARGES, POSTAL GUIDE, WTG. BRITISH, AMERICAN AND JAPANKIE NAVIEL

1,800 Pages

Complete Edition Abridged Edition

1,800 Pagos

local.currency

REMELY USEFUL". BOOK.

Writing from Singapore, ander date March 31st, 1922, Bir Godfrey Thomas, Private Secretary to HRH THE PRIOR OF WALES, Bayn-

812, I beg to acknowledge the receipt of your letter of the 23rd. instant and am. desired by the Prince of Wales to thank you for the copy of the 60th annual edition of "The DresCTORY & CHRONICLE FOR CHINA, JAPAN, THE STRAITS BETTLEMENTĄ," ETC., 270, which His Royal Highness has been pleased to accept, and which will be extremely useful during the remainder of the

The Managing Director,

HONGKONG DAILY Pazsa, Ind

HOESKONG.

#

Yours faithfully

GODFRET TROMÁN,Z

(Private Secretary;)