1924-05-01 — Page 3

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THE HONGKONG DAILY PRESS, THURSDAY, MAY 18T, 1924

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tol Central 390,

AGENTS FOR

3, Queen's Buildings.

BRIGGS BITUMINOUS ENAMELS & SOLUTIONS.

SOLE AGENTS FOR

"UNION

ANTI-CORROSIVE and ANTI-FOULING

" COMPOSITIONS

FOR SHIP'S BOTTOMS.

CAMMELL LAIRD & Co., LTD.

TRADE MARK

COMME

Sheffield Birkenhead. Leeds, etc. HIGH SPEED. STEELS BEST CAST TOOL STEEL MINING STEELS SHEAR STEELS FILES AND RASPS

STOCKS KEPT AT

13. PEKING ROAD, SHANGHAL

The Convenient Route to Europe

AIL from, Yokohama, Kobe, Shanghai, Hong

SA for Mankato Send or San Francisco cross America by rail and sail from New York to Plymouth, Cherbourg, Southampton or Bremen via the United States Lines.

Investigate this new fast route to Europe today ---special through rates. Through reservations. UNITED STATES LINES Agents

ADMIRAL ORIENTAL LINE

4 De Your Road, Hongkong.

PACIFIC MAIL STEAMSHIP COMPANY

Queen's Ling, bengkong, AGENCIES IN PRINCIPAL CTITES

Managing Operators for U. S. SHIPPING BOARD

CHINA TRADE IN 1923. REPORT OF A COMMERCIAL ATTACHE

Business in China will continue to labour under handicaps until a uniform system of currency is adopted, Silver in China is not subject to-day to artificial restraints and hence lows freely. As the Chilla's foreign camerce in 1923 mai demands in trade increase imports of silver bullion advance and vice verin. taines a fairly stently level with the highly record of 1999, reports Mr. Julean However, during the past 10 years im

ports of silver have amounted to about Arnold, US Commercial Attache at Peking. Despite general political dia. Hk. T. 500,000,000 and exports to Hk. onders, the Chinese Customs returns for T. 100,000,000, leaving an excess of in- the year, amounting to Hk. Tks, ports for the 10-year period endod 1993

£1,378,000, Hk.

increase

THE OUTLOOK.

of of about $140,000,000 in golky However, showed

Chim is on a specie basis and financially Tis. 4,744,000 over receipts

These collect a commercial sense) fundamentally of the previous year. tions include-100,000 increase sound, due to the increase in tariff rate. While

An indication of faith in China's com- these figures represent China's largest annual collections since the establishment | mercial soundness and ability to absorb of the Maritime Customs, the increase foreign merchandise is found in the in- over 19 fell below the amount expected. Creasing competition in all times among with the inclusion of the effective o per the various nationals. The Chinese are cent. import tarif which came into fores inveterate marchants and transact busi on January 17th, 1993.

ness under conditions which would be intolerable to any other nation. stabilised political conditions, and a satis factory solution of financial problems China will be freed from its two greatest handicaps to extensive expansion of com-

your

to

year

1

With

Although trade in general was com paratively dull most of the year, it was featured by differences in prices: the Japanese boycott and disturbed political conditions: and the earthquake in Japan,

merce. Until these conditions exist. it which temporarily stimulate the native markets, followed by a heavy seasonal pears that China must struggle along

from

with different demand for supplies. Wale the poli- success. tical situation continues indefnite, there has been an improvement in conditions. including the promulgation by a new President of a permanent constitution which provides for a system"of provincial¦ and loent autonong and the approval of Parliament for the flatation of national loans and the conclusion of agreements entailing additional burdens upon the national exchequer. However, the pro- vincial governors still function almost entirely independent of the Central Government.

GOVERNMENT FINANCE..

The most important problem, at pre- sent is that of Gaternment finance. With upward of 1,000,000 men under arms, the prospects for any improvements in the Ginancial situation are remote. However, the Commission for the Readjustment of Chinese Government Finances is now engaged in making a thorough investi gation of the entire financial, situation and expects. to present report early

in 1994. Meeting payments and arrears on present outstanding indebtedness is difficult, inasmuch as the Central Govern-| ment receives very little revenue from the Provinces. The Governinent is forced to depend for the most part upon the Maritime Customs, the Salt Gabelle, and the communications for its revenues.

One of the promising tendencies in con- nection with the development of corpo. rate enterprises in China is the growth of an appreciation on the part of indus-

trial leaders and business men of the necessity for building up reserves in cor- porate organisations.

HONGKONG SHARE MARKET CLOSING QUOTATIONS.

APRE 30TH, 1924. Hongkong and Shanghai

Banks

$1,170 b.

Union Insurances ...........

Hongkong Fire Insurances Douglas Steamshipe "Star" Ferries Chins

Sugars

Wharves Docks

3941 maid b. ...3535 b.

$8 a. th.

$106). J151 $108 sa.

Hougkung Hotels $18 (old) $1% (new) s.. Huniplireya Estates

Cotton Mills

*

Raja's......

Farms

Watxpr China Lights Hongkong Trama Peak Tramwaya b.-buyers;

PREPAID

$

(old) $ (new) b -859 (old) cum all b. $25 sa,

✈ (new)

831 b.

$17 b

sellers; a-wales,

14

WANTED

ADVERTISEMENTS

まう

Letters are lying at this Office for Bores-YL

W Please state in writing Experience.

ANTED Competent STENO-TYPIST

Apply Box No. 26, c/o Daily Přem Office.

For LADIES.

Beautiful Small GOERZ CAMERAS

fitted with GOERZ LENSES. Dainty Small GOERZ Theatre GLASSES.

Nice ALBUMS and TRIPODS. Fancy Box Stationery of M.K. Wonderful Pencils,

Pens and Cards, etc.

SHOW ROOM:

3-83, DES YŒUK ROAD C.

HALL, LAW & CO.

TRE 3917.

Telephons 8711.

BICYCLES

LADIES', GENTLEMEN'S OR Tandem FOR HIRE OR SALE. NEW RACER JØST ARRIVED.

Telephone K711.

Excellent Opportunities for Competants in Bicycle Races.

HANG LEE CYCLE CO.,

29, HARONO Road, KOWLOON.

Next to PALACE HOTEL.

SALE.

3 DAYS ONLY

The following discounts

Cash customers from 1st to

Smokers Requisites

Cigars

Cigarettes and Tobacco...

will be given to the 3rd May.

...Less 10 per cent.

Mah Jong sets and Tennis goods...

5

"

5

"

10 **

TABAQUERIA FILIPINA,

Opposite Queen's Theatre.

QUEEN'S THEATRE

OPENING CEREMONY

TO-DAY

HEARTY

WELCOME

"THE HERO"

A Brilliant Portrayal of Americanism and Valor. The Story sparkles with Humour and Daring and abounds

in Intensely Interesting Dramatic Situations.

MAY 2nd to 5th,

at 2.30, 5.15, 7.15 and 9.15 pm.

Box $7.20 (6 seats), Dress Circles 80 ets. Stalls, 50 cts. 2nd Class 30 cts.

2.30 and 7.15 p.m.

5.15 p.m. 9.15 p.m.

57

$9.00

$12.00

$1.00 $1.50

SUNDAY MATINEE at 6 p.m.

BOL, DRESS. CIROLE AND STALLS CAN BE BOOKED AT THE THEATRE.

70

$1.00

40

60