1927-01-04 — Page 1

Page

MASON'S

DELICIOUS

O.K.

SAUCE,

Hongkong Daily Press.

No.21.369 號九十六百千萬弍第日月弍拾年寅丙

KOWLOON-CANTON RAILWAY.

Youmati .Dap. 6.30

Kowloon

Shatin

..Dep. 7.18

Dep. 6,40

Dep

Творо

Talpa Market Dpp. 7.21

Fanling Dep

1,82

Bheangahni...Dop. 7,36

Bhumchun A, 743 Canton

ATT.

TIME-TABLE.

(

E Q E

AMAX AXAM, 50% 7,1,P.M. 1.X. PML 7. 8.05 8.90 913 10.30-12.00 115 12 4,85 5.29 7.31 92410,38 19.09 121 231 444 5.38 7.50 8.36156119.21; 1,38 2,43 456) 5,51) 7.43 9.49 11.0419,84 1,49 1,56 5,09 8,04 7.55 9.53 11.08 12.38 1,58). 3.00 8,136,08 7.59 10.08 11.18 12.48 2.03 3.116.34 8.19 8.09 9.07 10.07 11.99 1962 2.07 3.15 8.28 5.23 8.13 KAS 01310181109 12,58 2.19 3.31 6.34 629 8.19

12.20

5.20

越

8.27 10.89 12.09

8.39 11.04 12.07 8.43 11.17 19.21 2.57 11.29 18.33 9.06 11.37 12,4

AX. | AX. | AX. P.X, A.X. YM, P.M.FX. | TIM. | FM. Canton ...Dop.

8.45

5,00 Shamchas....Dap. 7.10 8.06103811,40 5,00 4.17 8.38 5.40 6.08 6.40 Shaungthai Dap 726 8.13 10.45 11.47 8.07 4.24 8.20 3.37 Fanling ...Dep. 7.31 8.17 10.40 11.51 8.11 4.98 694- Tipo Market Dep. 7.41

621 4.38 6.34 - Тарс

Dop.

7.45 Shatin Dop. 7,88 Yanmati Dop, 8.12 Kowloon

8.20

5.47 6.15

8.51 819

6.01 6.29

3.25 4.49 5.38

6.05 6.33

3.58 1.56 8.51---

6.18 6,46 5,50 8.08 8,03 6.30 8.38 3,58' 3.161 8,11 6,04 6.98 7.06 120

Fazling Skatankǝk

Shataukok Fanling

SHA TAU KOK BRANCH.

E

0

...

X.M.

7.45

... 8.40

T.. P.M. 11,30 220 8.40 8.25 12.95

2,15

4.15 7.20

13

0

•E"

A.M.

7.3.

2.M.

8.30

1015 1.05 2.03 5.00

P.M.

I.M. 5.15

7.25 11.10 2,00 3.00 B.55 6.10

E SUNDAYE AND PUBLIC HOLIDATE EXCEPTED. Ō SUNDAYS AND PUBLIC HOLIDAY

ONLI

Further information may be obtained at the BamwaT OFFICER, Kow- LOOM, UX fros Masara. Tate, Geox & Box, Lapu Horozone, or from THE AMERICAN EXPaz COM!ANT, HONG Kore,

60]

H. P. WINSLOW, Manager,

"HONG KONG, CANTON AND

MACAO STEAMERS.

JOINT SERVICE OF THE HONG KONG, CANTON AND MACAO STEAMBOAT CO., LTD., AND THR CHINA NAVIGATION CO., LTD.

CANTON LINE.

Sailings from Hong Kong: Daily, at S LL

Sailings from Canton:

Daily, at 8 A.M.{'

Sunday, No Sailing,

ADDITIONAL BAILINGS:

TUESDAY,

TAISHAN" will leave for Canton on

42H JAN.)

THURSDAY, 6TH JAN. at 9 AM, and from Canton at 3 P.x. Bame Day. SATURDAY, 8TH JAN,

MACAO LINE.

«FROM HONG KONG: SAM. and 2 P.M. daily. (Sunday 9 A.M. only), ·

FROM MACAO:-

4

8 A.M. and 2 P.M. daily.

(Sunday: 3.30 PM only), SUNDAY EXCURSIONS:

Oa" SUNDAY, Orr JANUARY, BUT AN" will depart from Company's Wing Lok Street Wharf at 9 A.x. and from Macao at 3.30 .

THE STANDARD LIFE- ASSURANCE CO.

New Scheme for Children's Early Endowment :-

Principal features: Small Premium. Liberal Surrender Valur,

Return of Premium in the vent of Death. Write for Ramphlet and Full Particulare to-

891

DODWELL & CO.,

AGENTS,

2. QUIN'S BUILDING",

LTD.,

CAMMELL LAIRD & Co.,

LIMITED..

Controlling THE LEEDS FORGE CO., NEWLAY WHEEL CO. Etc. Birkenhead.-Sheffield, Nottingham, Birmingham,

Leeds, Penistone and London.

RAILWAY PASSENGER

COACHES

FREIGHT & COAL CARS STEAM DRIVEN RAIL COACHES

*NEWLAY" BOLID ROLLED STEEL RAILWAY WHEELS,

13. PEKING ROAD. SHANGHAL

SPORTING.

GUNS by W. W. GREENER WEBLEY and SCOTT," and Other Makers-British, French .and

American.

B.S.A. Air Rifles, and Miniature Rifles, 22 Calibre, Repeating and Automatic.

SPORTING CARTRIDGES. of all descriptions und

Agents for W. W. GREENER, LTD., BIRMINGHAM.

HONG KONG SPORTING ARMS AND AMMUNITION STORE,

6, BEACONSFIELD ARCADE..

[34

FOR

SALE.

SCOTT'S STANDARD

POSTAGE STAMP

CATALOGUES

TOR

1927 Ar 14 Elon.

GRACA & CO.,

DRA PHILATELIC GOODE, PIOTORIAL POSTCARDO, GARDEN SIXES, ko, ko, No.:10, WYNDHAM STREET, P.O. Box No. $20.

ESTABLISHED 1857.

Registered as a Newspaper at the General Post Office in the United Kingdom.

HONG KONG, TUESDAY, JANUARY 4th, 1927. *#0

BUSINESS PROSPECTS IN MANCHURIA.

PEACE AND SECURITY THE NEEDS.

RAILWAYS GOING WELL "AHEAD.

WAITING CHANG TSO "LIN'S NEXT MOVE.

BRITAIN'S NEW YEAR OUTLOOK.

OPTIMISM REGARDING

INDUSTRY.

MESSAGE FROM THE KING.

[BRITISH WIRELESS SERVICE.]

While it is agreed that given great possibilities ofice Chiarise be

Rrasy, January tud. peaceful conditions, Manchuria comes atabilized. The opening of a

The keynote of all the newspaper branch of the Hong Kong & Shang- offers one of the best sales fields hai Bank here will greatly facilitate articles on the occasion of the New in China for foreign products, mer finance transactions, mor of which year is the hope that it will see chaats are not unanimous in the had previously to be done through trade and industry recover rapidly

Tientsin or Shanghai."

from the injury which they suffered opinions regarding immediate pre-

Now for the other side of them the long industrial dispute of pects in the Three Eastern Pro-picture, and again quotations may

1998. vinces, writes the Mukden corre be given. In the words of one

A message. fram HM the King spondent of the N.-C. Daily News.merchant, whose views are shared to the Lord Mayor of London in Pessimism and optimism are 30 by several Business is stagnant

ruply to the latter's greeting. mixed, and ifs are so frequentas everybody is waiting to ge what echoed this setiment. His Majesty that it is difficult to give any fore Chang Tso Lin is going to do. He said: "With unswerving faith in the east reflecting the views of business has not sufficient money to enable British character I heartily share men. Even a survey of business him to send inrge bodies of troops your belief that witn united efforts done daning the past year is not an

to fight the Cantonese, but appar and the spirit of mutual confidence easy task as reports received are early be intends to do it anyhow, and goodwill in our widespread in often of a conflicting nature. That means a further drain on the dustries we shall see the gradual finances of Manchuria and an enor- but sure restoration of the trade mous depreciation of fengpian. and commerce of our beloved Coun- Everything depends upon fengpico, try, to the benefit not only of the which, of course, acts and re-sets British Empire but of the whole in sympathy with Chang Tso Lin's

world." movements."

Optimists and Pessimists. The writer interviewed a number of leading business men in Mukden and for convenience sake their views may be divided into two entegories, the optimistic and the pessimistic.

,

Sammarizing the former frst, agreement was expressed that on the whole business. had been toler- ably good during 1986 but diffecity. had been experienced in collecting money, True, Commercial enter prise had been hampered by the depreciation of fengpino due to continued Manchurian military ad- ventures and to the arbitrary at tempt of the Government to fix rate of exchange which was not an economic one, as well as by the at- tempt to impose a surtax of three per cent on all goods entering Mukden native city. Prospects are regarded as better than in any other part of China, as there are many Chinese eager to buy machin- ery and erect factories while rail way construction is being pushed with almost feverish haste

Industrial Outlook,

Another merchant,

The King's message is taken as 4. German, saya: "Another depressing factor the text for an analysis of the in- is the tendency displayed by the dustrial outlook which is inspired Chinese to abrogate all treaties with a feeling of optimism. It is This has shaken foreign confidence, noted that the latest returns of un- particularly on the London ex-employed shows a fall of 100,000. change.

Chinese securities have Other facts are, adduced as favour fallen very low,??..

able factors. There is a substantial premise of the revival of heavy industries. During the long coal and steel accumulated and the rate stoppage important orders for iron at which furnaces are coming into operation again, especially co the be made up will give, for some time teeside, suggests that the leeway to. to come, an output of iron substaz- tially in excess of that of the earlier months of 1995, :

Thero

Confidence in the Future,

given above, there seemed to be no Despite the conflicting statements lack of confidence in the future of Manchuria. It

is the present chant who wants to do business which causes anxiety to the mer now: he does not want to wait with folded arms for the good time that

is to come...

N. LAZARUS, Hong Kong's Only European Optician.

Established Over Forty Years, Manager i RA LOF A. COOFER. Registered Optometrist (Canada).

WATER PRICE: 3 PER MONTH

THE WEEK'S DIARY.

To-day.

HARVEY'S

Extraordinary General Maine ROYAL TAWNY

China Provident Loan Mort- gage Co., Ltd., St. George's Build- ing, 2.30 p.m.

United Services Football Com- petition Semi-final

Seniors: K.O.S.B.: H.M.S. Hermes (Army ground Sookumpoo), 3. p.m.

H.. Hotel ten dance, 4.30 p.m. Queen's Theatre: Confessions of a Queen.""

World Theatre: "Her Social Code."

5

PORT.

Star Theatre: "Ace of Henris” | A FINE SOFT MELLOW FLAVOUR. Principal Mails:-Inward: Europe vid Negapatam (Hong Peng). Out- wardr (Amazone), 2.30 p.m.

Europe vit Marseilles

Wednesday.

Hong Kong Art Club exhibition, Exchange Building, 10.30 nm. to

me

Hockey Sim Shield Competi tion: Club 1st XI.

Army, U.S.R.C. ground, 4.30 p.m..

Football: Interpors trial game. Club ground, Happy Valley, 4.15

p.m.

H.K. Hotel ten dance, 4.30p.m. King Edward Hotel tea dance, 4.30 p.m.

Annual fancy dress dance of i pupils of Central British School, Kowloon, 3.30-7.30 p.m.

Titonia dance Helena May In stitute, 6 p.m.

of a Queen."

Queen's Theatre: Confessions

World Theatre: Her Social Code."

Star Theatre: "Ace of Hearts.'

Thursday.

Hong Kong Art Club exhibition, Exchange Building, 10.30 am to 7p..

H. Hotel tea dance,.4.30 pm. Queen Theatre: "Sparrows" World Theatre: "Her Social

Code.

Star Theatre:"Feet of Clay". Principal Mails:-Inward :. U.S.A.,

America, eto..

Friday.

CALDBECK, MACGREGOR & CO.,

LIMITED.

Įkavo/varatal solar the Companies' Ordaanien of Hong Kong]

15, Q's ROAD ÜBITRAL. TIL, CENTRAL "75.

THE

HONGKONG

HoGroNG HOTEL: RAPULSE BAT HOTEL PRAX HOTEL:

Talegraphic Address: KREMLIN, HONGKONG,"

AND

SHANGHAI

Aaron House Hort; Pita Moraj

{MAJESTIC HOTEL

Telegraphic Address ;} CENTRAL, SHANGEAL

HOLLIS

·LIMITED.

DI WAGONS LIIS, PEXING.

To summarize: Business in tobre-

is renewed activity in co products showed na diminution, several important branches of the Concerns interested in the disposal engineering trade. Large contracta of oil products reported varying for locomotives and railway elec A few quotations from the might be described as a hen the growing confidence.

experience, but ispings in this line trification are

characteristic of A much authorities, interviewed may bere fair. Though there have been no stronger demand is also anticipated be given. Said one: "Manchuria is certainly the best place in China age orders as in former years 1928 for machinery and equipment from in which to do business. Very few of orders for machinery and elec-ed extensive reconstruction and the showed no falling off in respects colliery groups which have project- hindrances are met with in the trte goods... As already statel, busi-modernisation of their mines. This etc. (President Cleveland). Out Three Eastern Provinces." Another

process is likely to be extended as Ward: Canada, asserted: "There is plenty of business in piece goods was fair. ness and there always will be emerging from the inquiries made come fully into operation. Reports Siberia (Empress of Asia), 10 am,

Before closing, several features the various amalgamation schemes Europe vid Vancouver and via Io sasociation with the GRAND HOL plenty of business in the Three may be mentioned. For instance, from shipbuilding centres alto re- Eastern Provinces.

Manchuris is the great influence of Japanese in cord an increasing flow of contracts indicative of what would happen in business is stressed, especially in and a more hopeful feeling that the China if the country were permitted the supply, of second hand railway worst effects of the slump have to enjoy a little peace. More rail-

materials. In sundries Japanese been got over. ways have been built in Manchuria have driven out most other competi- favourable factors, however, has to As against these during the past ten years than in all the rest of China, and it is this spoiled the once lucrative Arsenal favourable financial factor.

tors, German competition has be taken into consideration an un- railway development which is going to increase enormously the prosper before orders are secured has made The squeeze to be paid

Financial. ity of the territory. Take this pro

this business unprofitable for most posed line between Kirin and Hai.creign firms. The terms offered by nine months of the financial year for the lung. If this work be proceeded with it will mean the mushroom the Arsenal are so disadvantage show a deficit of £146,000,000.

While it is pointed out that some growth of towas and cities alongous to the merchant that the bank the route.

will not support him. From these will

This is of this deficit can undoubtedly be emanate demands for electric lighting. taken to mean that foreign mer-accounted for by special delays in chants will have to do business the collection of revenue, due to Agriculturists will want motora and other forms of mechanical through Chinese hongs, the foreign the coal stoppage, it has to be ad- appliances, while the inhabitants, merchant ultimately becoming an mitted that a considerable deficit given modern travelling facilities, assistant to the Chinese hong.

Evidence is not lacking that the will be enabled to visit the larger) standard of living among the rife as to whether this may mean

cities where they will see many things which they will want to buy In this way the standard of living will be raised, and consequently there will be an increasing demand for foreign goods."

A German's Views.

business.

middle class of Chinese is becoming ence for foreign style houses and higher. They have shown a prefer demand the best in respect of heat

ing and sanitary installations. In cidentally Mukden as a place of "residence for foreigners is one of A third, a German merchant, the most. expensive in China said: "Piece goods, German and House rents are exceptionally high. British, form a big line in Man. Though the year has seen many new churia Trade was very good this buildings erected there is a demand "year until the fengpian deprecia for many more, as the Chinese seem tion became so marked. Still in to occupy them as quickly as they quiries are numerous and suggest | are completed.

THE COLONY'S FINANCES.

THE STATEMENT FOR

—SEPTEMBER.

The national accounts

must still be shown at the end of the financial year. Speculation is increased taxation in the new bud profess to regard it as unlikely that get. Financial circles, however, industry will be hampered by an They

increase in the income tax. suggest that the Chancellor of the Exchequer may turn rather to the taxation of luxuries.

Securities.

Lawn Tennis: Final of Ladies Singles Championship, Ladies' Re- creation Club, 3 p.m.

H.K. Hotel tea dance, 4.30 p.m. King Edward Hotel tea dance," 4.30 p.m.

Queen Theatre: "Sparrows."

ing Whisper."

World Theatre: "The Everlast-

Star Theatre: "Feet of Clay.". Extraordinary General Meeting Royal Hong Kong Golf Club, Jardine, Matheson's Board Room, 5.15 p.m."

Saturday. Yachting: 7th Championship race for racing yachts

Football: Annual Charity Match ground Sockumpoo), 4. p.m. between Army and Navy (Army Old Cheltonians dinner, Hong Kong Club.

Boxing: Fourth tournament of Hong Kong Boxing Association, Theatre Royal, 0.15 p.m.

Queen Theatre: Sparrows." World Theatre: "The Everitat- ing Whisper."

Despite the depression of last year it is noteworthy that during it the 366 securities which are quoted in the Banker' Magazine, rose in Star Theatre: Feet of Clay."" market value from £6,484,000,000 to £6,543,000,000. This appreciation of Europe it Marseilles (Molvu), Principal Mails Outward : £79,000,000 was made up of an in- crease of £21,000,000 in the fixed dividend group and £38,000,000, in the variable dividend. group. 958,605.27 PORTUGAL'S WAR DEBT.

FUNDING AGREEMENT

The Colony's assets and liabilities on September 20th were as follows: Liabilities.

Deposits not Available Postal Agencies Suspense Account Coal Account ......................

Total Liabilities

Balance

Total

Assets.

The financial statement for the month al September shows a credit balance of $8,197,506, as against $6,521,067 at the end of August.

The total revenue for September was $1,216,167, as against 81,415,904 Subsidiary Coins...

Advances for the rane month last year. The Building Loans expenditure for the month was Imprest $1,600,023, as against 82,079,500 for House Service Account the same month last year.

UnallocatedStores,

(P.W.D.). The actual revenue from January UnallocatedStores, 1st to September 30th totals $14,260,801, as against 817,784,481 for the same period in 1925. The expenditure over the same periods $16,185,776, "against

HONG KONG totals

$18,576,007.

ན***

(Railway). Lorry Haulage Account. Investment Account

Balance at Baske Crown Agents Current

Account

•Totel......

SIONED.

10,861.00 448,505.49 -7,016, 52

$1,425,078.87

Rugby, January st 6,197,506.56 It is officially announced that the Chancellor of the Exchequer, Mr. $7,622,585.33 Winston Churchill, and General Sinel de Cordes, Portuguese Minis- 21,652,973.30 ter of Finance, have

signed in 152,694.30 London an agreement for the fund 1,572,228.55 ing of the war debt of Portugal to

64,821.00 Great Britain.

3,377.05 The agreement provides for the Payment by Portugal of sixty-two 441,057.09 annuities, namely £125,000 for 1926, E250,000 for 1927, £300,000 for 1928, 402,552.73 and £350,000 for each of the years 3,283,271,01 1999 to 1948, £400,000 for each of the 4,744.17 years 1930 to 1987, and £200,000 for 46,096.70 the year 1988.

Portugal, has the right to redeem 27,768.31 the debt by a single payment of

→ | £5,000,000 || before December 31st, $7,622,585.33 1927.

10.30 2.m

Sunday.

Yachting: Naval Day at R.H.K, Yacht Club.

Monday. Extraordinary general meetink Eeak Tramways, Ltd., Hong Kong Hotel, 11 a.m.

Yachting: Ladies' eth Champion Bhip race.

To Secretàries, [Secretaries of elaba and associa tions, etc., are kindly requested to forward any forthcoming events to the Daily Press for inclusion in the above,column, which it is our en deavour to keep as correct and up-to-date as possible.}

Miss Gladys Cooper was recently fined £1 at Button, Surrey, for driving her motor car without an efficient silencer, and Miss Phyllis, Monkman was fined £3, at the same court for driving her car at 27 miles au bour,

KING

EDWARD HOTEL.

JENTRAL- LOCATION,

Electric Lifts and Lighting, Telephones on each inour.

Hotel Launch meets all Steamers. Telephone: Central No. 373 Tel. Address: VICTORIA,

»J. WITCHELL,

Manager.

*43)

The Only Hotel in CANTON Directly under European Management

THE VICTORIA HOTEL

SHAMEEN

Guides

and Tripa arranged for

and Special Caro

Talm of TOURISTS Cabis Addres9: "VICTORIA.“)

PALACE HOTEL.

No. 3 Tel Ad:"PALACH." Three Minutes from Kowloon What

Terry Wharf and Bailway Station, Entirely under English Management Electric Light and Fans Throughout,

EVERY ROOM WITH PRIVATE BATH,

Lounge, Bar and Billiard Rooms Unrivalled Cuisine under the personal supervision of the Proprietres

TERMS MODERATEL Special Term to Families on applica

Mas. J. H. OXBE Propriets

o svem