1923-08-08 — Page 3

Page

“DECOLITE

FIRE-RESISTING FLOORING

(Awarded Gold Medal Franco-British Exhibition.)

JOINTLESS. HYGIENIC & NON-SLIPPING

Laid by Our Own Workmen on

STEEL, WOOD OR CONCRETE.

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tal Contral 238.

For

3, Queen's Buildings.

EVERYTHING

ELECTRICALTM

"Get an estimate from

THE HONGKONG HOTEL COMPANY.

Electrical Dept., Peddar St..

SALE NOW ON

Come Now!

A FRESH STOCK OF

MANILA HEMP HATS

FOR LADIES. Latest Stylés,

Various Colours and Shapes

AT LOWESTt prices.

Come Early!!

Don't Miss the Opportunity ! ! !

SWATOW DRAWN WORK CO.,

16. Des Vœux Road Central, Hongkong.

P. O. Box 445,

SHIPBUILDERS,

SHIP REPAIRERS,

BOILER MAKERS,

FORGE MASTERS,

OXY-ACETYLENE

ELECTRIC WELDERS, MECHANICAE AND

ELECTRICAL ENGINEERS.

Telephone No. 2860.

TAIKOO OOCKYARD & ENGINEERING COMPANY

OF HONGKONG, LIMITED.

DRY DOCKS.

Length 787 Feet.

THE HONGKONG DAILY PRESS, WEDNESDAY, AUGUST 8TH, 1938.

Length on Blocks 750 Feat

Dept. on Centre of

Sill (H.W.0.S.T) 34 ft. 6 ins. THREE SLIPWAYS.

Capable of Handling Ships Up to 3,000 Tons Displacement. Electric Crane at Sea Wall, Capable of

· Lifting: 100 Tons at 70 Feet Radius.

BUTTERFIELD & SWIRE

-(JOHN SWIRE & Sons, Ltd.),

TET, ADDRESS:. "Taikoodook, Hosazona.” AGENTS

HONGKONG, CHINA & JAPAN,

TELEPHONE NO. 212.

CALL FLAG: "C" OVIE ANL. PENNANT.

MICHELIN

CUSHIONING CAPACITY

ENSURES

W

COMFORT

Sole Agents: LEPACK CO., LTD., 50-5%, Queen's Rd. C.

SHIPBUILDING.

OUR GREAT NATIONAL ASSET.

(HY SIR HÉRBENT RUSSELL.)"

Hort

Internecina labour strife is doing it more harm than is probably yet realize. We are apt to think pt foreign competition as virtually non-existent these days. The case cited by Mr. Mackinnon which is only one of many of a kindred order- should serve as a most practical reminder to the contrary,

I believe there is more gear vision

lf I were attending any educational examination which heaven forfemand were asked who were the great Empire-builders of our history, Ingst the Latur leaders assciated with should promptly, reply the British ship the seafaring classes such mens fr. wrights. Of course, I should be turned Havelock Wilson and Mr. Ben Tillett-

than in any other industrial direction. I down, for people who ask questions of this art only admit of stereotyped replies, trust the same breadth of perception may But that does not matter a bit. It is speedily vouchsafe to those who cu impossible to deny the simple apotheguet the men of many

trade

employed in no shipwrights, no Empire." In fact, our shipbuilding yards. Amidst lock- we might really go further and say ", nuts, strike, and wild talk at home, the foreign shipyards, are prodigiously busy. shipwrights, no nation,"

Shipbuilding has been one of our great. They are getting work which can be done est national industries for my genera, in these lands at least as economically. of ones expeditiously, and more efficiently. unu It is still tions" past.

But do we We cannot afford to lose it. Plenty of greatest national industries. retain the same relative degree of supre chipowners are avowedly only awaiting im There are proved conditions to place orders for new macy in bygone days? various disquieting reasons which give to tontage. That they would give preference more than mere to British yards, even to the degree of this question something

am not referring one economic disadvantage, is beyond casual significance.

But it is ut of all rasoit tr to the prosperity, or otherwise of the question, shipyard grade.

expect them to stretch this principle too We know, of course, that this has been in a terribly depress-fra-Faval, and Military Recent ed condition from which recovery is bound to be slow. With so much tou- mage d-up in consequence of the blight upon international trade, due to post- war wrangling, shipowners are not going

F

COMMERCE DEGREE

to lay down, new keels. When they show WORK OF a dissition to do so they are not en fronted by a very enouraging prospect! in the shipbuilding industry,

LONDON SCHOOL OF ECONOMICS.

The Governors of the London School of Economics and Political Science (Uni- versity of London) gave a luncheon at the Mansion House on June 13th to cont- memorate the establishment of the Com- merce Degree. Sir Arthur Steel-Mait- and. M.P. (Chairman of the Court of Governors), presided.

". WEALTH OF .RESOURCES. British shipbuilding, since the begin. ning of the era of iron and steel, has maintained its pre-eminentes because the masters of it have found it possible to build profitably at a lower price than in any other country. This, of course, is

wealth of minerad Mr. Wood (President of the Board of jirimarily due tu par resources and to the national talent in Education), in proposing The School," connection with all matters maritime. said it was only thirty years since it waa In the spacious days before the war founded, and, beginning in two rooms foreign. Navies and foreign mercantle in the Adelphi, it had moved from service looked to British slips to expand strength to strength.. Difficulties after their tonnage. The only serious con- the war made themselves neutely felt, and petitor we had then was Germany. But then the University of London instituted her shipyards were so busy in materi- its degree of commerce," thereby giving alizing her own bid for dominance of

nw opportunities to the school. Economic the song that they had comparatively sciener, atudied and treated generally, little time to bestow upon foreigų vone

was comparatively of modern growth. struction,

We had now reached the period of an organized and developed competitive system. If that modern competition was the child of industrial development, it was also the parens of a necessity of drawing together the bonds between con- merce and business and all that science and education could bring to the service of commerce and business.

Our wealth of mineral resources will always remain with us. So. I believe, will our national talent in conection with all matters maritime But it is use less to say that we are not sacrificing our economie superiority. And if we menn to lose this, then good-bye to the prosperity of British shipbuilding

At a

recent meeting of the Nitrate The Chairman, in replying, said "the

Producers Steamship" Company, Sir

John Latta stated that. Continental ship.school had over, 2,500 students, and it yards are able to execute repairs inuch had achieved a national reputation in the

more

this county than is now possible in field of economics which was second to A good many people will tone. They desired that it should do a work of national importance. Just as it probably shrug their shoulders and way that this sort of generalizing is not con. was true of industry and manufacture, clusive. Unhappily, however, there is no it was also true of Snance and commerce trouble in adducing specific instances that they must have årst-class brains with which prove the truth of this,

a first class education.

A PIEQUIETING COMPARISON.

CLOSING QUOTATIONS

AUGUST 7th, 1923. Hongkong and Shanghai

Banks

Union Insurances Steamboats China Sugars Hongkong Lands......

..8 1,100 sad.

-$2294 b.

Mr. P. G. Mackinnon of Lloyd, gives | HONGKONG SHARE MARKET 135 a characteristic example, merely Fes omitting names,

obrinus reasou. The uuderwriters of the Ruyn Exhnhge called for tenders for the repairs to `i stranded steamer for the insurance of which they were responsible. Being business men, they naturally wanted to get the damage made good on the best

conomic terms practicable.

Xing British and

Continental firms put in tenders. With one tion the former were all subject to a cessation of a lock-out. We may conce this lock-out to be a mere unfortunate incident in the comparison, out it is a species of incident only too symptomatic of the cause which explains the general result, s

IWO

exo^~

The British firms demanded from 43 to 60 day as the time limit for..completing the work according to specification. One of the foreigu. firms required 25 days, the other 32 days, An averig of the foreign quotations worked out" as 10 per cent, less than the lowest and 34 per cent. less then the highest British tender.

Try and explain this as we may, it is a condition of things impossible to contemplate with equanimity. It is not too much to say that such a comparison would have been impossible before the war. The condition of foreign exchanges may explain something-but in this case only a very little something. No question. of currency can be made to reconcile the wide difference in the time limits. Thera is only one single explanation for this, and it is in the word work.

THE ONLY WAY.

IF the British shipwright-and the thing associated with him-no longer choose t work on the principles which gave their industry pre-eminence, they may indeed be justified in saying that this is their business. But they eminot surely profess to regard the inevitable consequenes with cinplacency. The Continent i Fot always going to remain under is present

of post-war conditions America is becoming more and more strenuous in her efforts to secure both waval and com. mercial domination of the sen What other nations formerly asked us to con tribute largely in doing, they are now managing to do for themselves.

Worse still, they are beginning to offer to do the Hume thing for ay, and making good in

enterprise by much more advantage:

their

ous terras alike in time and prices.

I do not want to draw any unnecessarity dismal picture. The general state of affairs in British shipbuilding,

read. shows Qu improving tdeney But there has been Lar work to Foreign

for some your past. It has the result of encouraging, our rivals in the industry to a more resolute effort of competition. We can only hold our own by living in the present, and not upon the great traditions of the past For the old order changish, "and unless we keep pace with those who aro shrewd enough to see aleluice of bene. fiting by the change, we are bound to be left at a disadvantage.

and driving repair ·

That British shinyards turn out the heat work in the world is still a legitimate. honst. On the material side what Lord Selborne so truly described as "our great national asset" stands where it did. "Buti

42 5. $209 26. $20 b.

..$251

11.50, 11311.00 LA. Tis. 4.75 b.

Humphreys Estates

Cotton Mills The Orientals******** Chias Providents....... Dairy Farms Watsons

Hongkong Trams.

..$ 25.60 b.

$25.80 b.

$ 901 b.

..8 23.80 b.

PRESSED

AND

RE-SHAPED

IF YOUR SUMMER CLOTHES CANNOT BE WASHED. WHY NOT HAVE THEM DRY-CLEANED.

4

DIRT, STAINS AND UREASES, VANISH AS IF

BY MAGIC UNDER OUR PROCESSES, AND THE ORIGINAL SHAPE AND-SET IS RESTORED.

STEAM LAUNDRY CO.

+

HEAD OFFICE and WORKS TAUMATI, Tel. K 32. HONGKONG DEPOT, 16, Stanley Street, Tel. 01879.

62, Praya, Last. KOWLOON DEFOT, 19, Couton Boad. CANTON, 19, Shark: Central East.

الود

Write or Phone.

+for PRICE-LIST.

YE OLDE PRINTERIE, LTD.

COMMERCIAL PRINTERS, ACCOUNT BOOK MAKERS, ET. 14 QUEEN'S ROAD CENTRAL

V. C. LABEUM, Managing Director.

Telephone. 3797.

ASAHI BEER

SPECIALLY BREWED' FOR EXPORT

DAL NIPPON BREWERY CO.

LIMITED.

TOKYO, JAPAN.

MITSUI

EOLE AGEN ES

BUSSAN "KAISHA. LTD.

HONGKONG.

Has it occurred to you that Flyosan is the

insecticide and has a pleasant smell?

only non-poisonous

All other liquids, as you know smell badly, discolor and stain, all unpleasant reminders of the things you are trying to be rid

of and forget.

FLYOSAN is obtainable at

Watson & Co., Ltd

Queen's Dispensary. Colonial Dispensary.

The China Dispenary.

The Edward Dispensary,

The Pharmacy.