1923-08-15 — Page 2

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VICKERS LONDON GIN

-off over

•Distilling

The Label which is A CERTIFICATE of PURITY!"

"Bath Brands are Beneficial”

FINEST LONDON OLD TOM FINEST LONDON UNSWEETENED

Price: Per Case, 1 doz qts., Duty Paid-$28.00-

GANDE,

SOLE AGENTS:

HONGKONG DAILY FRESS, WEDNESDAY, AUGUST 1525, 1939.

IRREVOCABLE FIGURES. SOVIET RUSSIA IN ECONOMICS AND FINANCE

109-1923.

(INDESTRIAN BANKRUPTCY,

Hollowing interesting analysis was untly "contributed to the Peking & Tientsin Timeat-

"

« TRANSPORTS."'!

We quote the following figures apply ing to December 1st, 1999, from a report of the Soviet Central Statistical Com mittee published in the Commercial and Industrial Gazette January 14th-26th, 1023, Moscow:-

The mileage of railways in Russia 63,718

verats.

The mileage of inland water communica

tions 235,334 versta

The mileage of metalled roads 10,104

versts.

14

or 0.34 "versts" of railway to every 100" square verste, against 13 versts in Eng land and 1 versts in France and Ger

many,

·LOCOSIOTIVES.

(8,946

308

9-19

2,918

Realising their impotence to give ́any" direct effective assistance to the Russian agricultural classes, the Communists were obliged to make a hid for the restoration of some kind of economic balance in the Total domain of industrial production. This | Employed by the War Compnis- led them to inaugurate two years ago the For passenger trains sariat or wrecked famous "New Economic Policy (N.E.P.) For goods, military and sanitary. consisting in the denationalisation of in trains terior commerce, and small industries Station service and maneuvring "1.063 (under strict governmental control), in Out of employment the reopening of some banks subsidised by the state treasury, and in the collee. tion of taxes in kind. This partial inen sure raised hopes of Russia's economic rehabilitation abroad, brought to life numerous speculative ventures in the 1021 towns, thus creating the semblance of a Total

PRICE & CO., LTD., brilliant, but short lived revival, and con

Tel. Central No. 135.

No. 8,QUEEN'S ROAD CENTRAL

HONGKONG

DAIRY FARM NEWS

FISH

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tbe

THE GENERAL COMMERCIAL CO., LTD.,

10, Des Vœux Road Central, Sole Agents for Hongkong.

OBTAINABLE AT:-

For

The Colonial Dispensary. The China Dispensary. The Sun Co., Ltd.."

Yoe Bing Tomley.

The Pharmacy.

Baikilly & Co. Wing On Co., Ltd

Bui Cheong.

[636

EVERYTHING

ELECTRICAL

Get an estimate from

THE HONGKONG HOTEL COMPANY.

Electrical Dept. Peddar] St.

DRUGS

PRESCRIPTIONS

1133

When the Doctor prescribes he

exports the Druggiet to fill the prescription with Pare Drugs. The quality of our Drage, Medicines and Toilet Goods is not surpassed Have the Doctor's Prescription filled here and the result will be. satisfactory

THE PHARMACY,

761

The percentage of "sick) locomotives during the year 1000 varied from 63 per. cent. to 57 per cent, with an average. repair of locomotives every month. In 1929 nine locomotives worked on every stretch of 100 versts of rail, against 29 in 1933, 20 in 1919, 10 in 1919, 13 in 1920 and

"

„CARS,

.420,068

13,301 293,610 12,078

10,3-11 10,421

(including 23,884 cisterns) Employed by the War Commis- Employed on the railwass sariat, or wrecked Out of employment Used as living quarters or store

roolusi Station service Under repair, or waiting repairs 130, 101 The percentage of sick ears during 19-2 varied from 34 per cent to 28 per cent, 100 cars were used on every stretch of 100 versts, against 700 in 1913, 900 in 1918, 700 in 1910, 500 in 1920 and 400 in)

1921.

Wis

tributed to the enrichment of 'n series of "nouveaux riches" who were well in with the authorities, being mostly re: eruited from the ranks of Soviet officials. How limited in its application this mea sure was. however, appears from the -reports of comrade Kamenoff, replacing Lenin as President of the People's Com missars at the 7th Congress of Soviets (Deceniber 23rd, 1022), in which he anid: The Soviet Government adminis trates, all the land, the forests, all the railways (63,000 versts-about 40,000 Eng lish miles), all external commerce and all the large industries, taat is 130 trusts, consisting of 4,100 enterprises and enversta, in 1920-34 versts, in 1021-27' ploying 1,300,000 workmen. Adding this the number of workinen employed on railways and other nationalised enter- prises, we will End that the army of State capitalism amounts to 2,000,000 men, while private capital disposes only of an army of 70,000 men. The role of private capital is more important in in- terior commerce, where it represents. 35 per cent. of the total turn over," (Quoted from The Economic Life, Moscow, Deerm ber 24th. 1992).

Thus the overwhelmingly greater part of the national industrial assets remain in the bands of the Soviet Government, which is as much afraid as ever to let their direct control slip out of their hands, for that would mean the restora- tion of powerful units, whose management would needs be anti-communist in its tendencies,

The results of such policy could not be otherwise than disastrous. The Russian industries which, before the war, directly or indirectly, yielded a net income to the Government of over 800,000,000 roubles gold a year, gave the Boviet Government only 25,000,000 roubles gold for the first nine months of 1922 This latter sum is. oreover, entirely illusory and could re- present a net revenue only if it was taken from the actual profits of the enterprises concerned. As the latter are, however, burdened with an. ever-growing deficit, us. we will see below, these 25,000,000 roubles, collected as taxes and dues, are merely an addition to the deficit of the enterprises subsidised or run by the Government, and whose deficit the Gov-

|

|

In 1813 a locomotive's daily rük't 112 versta, ja 1918-55 versts, in 1919–64. versts, in 1920-36 verste, in 1021-70 versts, in 102% from 863 to 54 versts. The daily run of a car in 1913 was 70 versts, in 1918-26 versta, in 1919-34

versta, in 1092-from 27 to 41 vorsts."

The total transportation of goods has given the following results in billions. ( poud-versts:

יו

1013

1918

1010

1320

1921

Sept. 1921-Oct, 1929

43-18

810

1002

1772

776

838

The amount of goods transported in 1813 was 8,048 million pouds, in 1921- 2,220 ponda, but the monthly loadings began to show a certain increase towards August 1922. The number of passengers transported during the first six months of 1821. was 50,948,000, and ́, 37,428,000 during the first six months of 1992.

These figures show that the Soviet Government has succeeded in bringing a standstill, as compared to 1921, the de- terioration of rolling stock, and has achieved some progress in the efficiency of its work.

The beavy cost, however, of these mea sures of salvation appears from the bud get of the Commissariat of Transport for the year 1922-1921, approved on January 5th 1923, as follows:

RECEIPTS:

From Railways From inland waterways Taxes in ports....... Other

ernment therefore has to hear. Comrade Operation of tailways Sokolnikoff, the Commissar for Finance: Operation of waterways.......

informed the last session of the Soviet Central Executive Committee (V.Z.I.K.) of the expenditure the Soviet . Góvern- ment has to face so as to cover indus. trial deficits, he announced that 40 per cent of the total paper-money issued dur- ing the last nine months of 1992, that is to say no less than 225,000,000,000,000 (225 trillions) roubles, had to be devoted to this purpose, and that another 452 trillions roubles had to be given by the Soviet Government to industrial enter- irises during the same period as long term louns, so as to keep them in a work- ing condition.

*

203,308,000

36,224,540

1,000,000 249,300

339,781.840 roubles gold

EXPENDITURE.

338,138,032

€66,239,139

80,830,782

49,033,000

-19,245,581

11,483,580

14,382,108

10,636,200

8,893,073

1,203,350

279,200

7,000,200

Constructions and repairs Fuel, sleepers, rails' Upkeep of waterways Upkeep of rouls Upkeep of ports

Locomotive repaira Professional education Salaries of Central Adminis

trations' employees Researches and congresses New locomotives Dauer expeases Social insurance

Deficit

NOTICE OF REMOVAL.

"HONGKONG DAILY PRESSTM

OFFICE

HAS BEEN REMOVED TO

1A, CHATER ROAD (3rd Floor)

AND THE

PRINTING WORKS

ΤΟ

208, PRAYA EAST

(Corner of Percival St.)

ALL CORRESPONDENCE UP TO 6 P.M. SHOULD BE ADDRESSED TO

TELEPHONES

Tel Central 2313..

14, CHATER ROAD,

Central 12 (Day Time).

4511 (Night Time and Sundays

HAWTHORNE & PEARSON

P. O. Box 530

LADIES & GENTLEMEN'S TAILORS

AND BREECHES MAKERS

St. George's Buildings, Ice House Street

Next to Cafe Wiseman.

€39,520, 100 roubles gold

W. P. SIMPSON

(Larz of DISS BROS.)

TAILOR & BREECHES MAKER

has opened Business at

ASTOR HOUSE BUILDING

Queen's Bond Central,

21,702,176

9,310,787

306,754,350 roubles gold

The pitiable figures of the total output of diverse industrial enterprises for the year ending 1924, as compared to 1913, give a corresponding picture the output. of coal was 15 per cent. of the pre-war output, that of castiron-4 per cent, of all metale per cent.., of iron ores-Trasport, moreover declared in autumn

Comrade Dzerjinsky, Commissar for

2nd Floor.

2 per cent, cotton piece goods-13 per 1st The Economic Life, Moscow, Octo HONGKONG CIGAR STORE CO., L. BOWERN &

cent., woollen stuffs-16 per cent, linen -30 per cent., silks-2 per cent, tapi neries 5 per cent.

ber 4th, 1992) that the interior, debt of.] the railways had risen to 4,000,000,000. roubles, two thirds of which were due to the metal trust and the balance to other trusta.

ALEXANDRA BUILDING, HONGKONO,

50 Abdulla V. L. No. 1 »- Egyptian No. 29

50

No 8, MUSEUM ROAD, SHANGHAL

160

$1.20

Members Brilish Chamber of Commerce 1.10

(Shanghai). 'Mr. T. W. BOWERN, Fellow of 150 the Institute of Chartered Shipbrokers, Incor 200porated by Royal Charter, London,

Jr

60

Turkish No. 11

·50.

No. 16 No. 14.

Special No. 1...

1.90 2,86 [83

When in doubt about your eyes:

or your glasses Consult

Before the war" Russia counted over 7,000,000 workmen employed in industria!, railway and other enterprises. Comrade Kamenet, as we have seen before, puts

It has also to be considered that the the same figure now at 3,000,000. Wo Russian railways are still largely exist -50 must not forget, either, that the indivi ing on their old stocks and equipment 50 dual capacity for production has greatly and that lack of funds limits the pur fallen off, and that many workmen re chases of new materials, and repairs to signed themselves to working for low an insignificat minimum. Thus, the Pro- wages, because they had until recently.sident of the Congress of Russian Engi the privilege of receiving part of their neers Unions, Engineer Finisaoff, cati- pay in the shape of a fixed alimentary mated at the end 1929 that 40,000,000 ratio. Since this essential privilege has sleepers had to be replaced on the Rus been done away with (November 1st, 'siaa railways, ie, one 'quarter of thei 1092), the desertion of workmen from the total number. Most double tracks bave places of their ployment has become heen, torn up to provide the rails for the epidemic, notwithstanding stringent pass. repairs of lines under operation. It port regulations, strict measures of in would be nearer, to actual facts to esti dustrial mobilisation" and compulsory mate the total transportation of goods, work ate. Nor is such an excdous sur which the Soviet statistics show at 20 per prising," when one realises that the work cent of the pre-war figuros, at 10 per men's wages have been reduced (with cent of the anime figures. It is not to be 67, working days sometimes as long as 34 wondered, under these conditions, that hours) to 50 per cent-35 per cent. of the the Soviet authorities consider closing a pre-war amount (on a gold basis) and number of less important lines for traffic that arrears in pay lag op from to 3 to 4 up to closing all railways of the 3rd cats- months. Even before the alimentary gory (eg, 28 of the South-Western Rail ratio' was abrogated; the number of un ways, for one instance), employed in the towns of Petrograd anil Shipping in Russia is reduced to 50 per Moscow alone was 20,700 in January 1999 cent of its pre-war tonnage, cart trans- and this figure had risen to 104,900 in port disposes of no more than 25 per September leak (Quoted from The Front cent of the horses it employed before the

THE RED BUILDING, (OFFSITE ICH HUVES ST, omic Life, Moxow, Desember 21st, 1922) revolution.

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14

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