SPIRIT OF NATION- ALISM.
ITS VALUE AND DANGERS. Fer
AID TO CIVILISATION.
Year by year the City of London Vacation Course in Education con tinues to draw teachers not only from all parts of the British Isles, but, in increasing numbers, from overseas. At the "Holborn Restau rant, the course was opened by a Lecture by the Right Hon. H. A. L. Fisher, Warden of New College, Oxford.
9.3.
PASSENGERS.
AARIVALS,
Saarland, on August 30th-Mr. L de Dionigi, Mrs. A. Lund, and Mr. W. A. L. Schnub.
Per 1.8. Chenonceaus, from Japar and Shanghai, on August 30th Mr. Casenave, Miss C. F. Lo Mrs. and Miss Gow, Mr. B. Goldschmidt, Mr. J. Mareus, Mr. O. Meister and son, Mr. W. Juy, Mr. B. Watel, Mr. M. Lini, Mr. and Mrs. Chos Hago, Mr. Greenberg, Mr. Kurowski, Mr. Cherpine, Miss Cook, Mina Bog- donovi,
Miss Kurnitrova,
THE HONG KONG DAILY PRESS. WEDNESDAY,
ASSETS AND LIABILITIES.
QUESTION "OF COMPANIES GIVING THE PUBLIC" MORE INFORMATION.
[BT HARTLEY WITHERS.]'
Publicity in industrial Corpor-dividends. This policy is, of ations" is recommended from the course, in the best interests of the United States, on high authority, company and its shareholders and GS advantageous to
auch car is usually pursued by the boards of porations and to the business world those which are well financed. It
AUGUST 31st, 1927.
11
CONSIGNEE NOTICES. HAMBURG AMERIKA LINIE
COMPAGNIE DES MESSA- GERIES MARITIMES.
CONSIGNEE NOTICE.
must be
8.S. "DOCTEUR PIERRE BENOIT." BRINGING CARGO FROM ANTWERP, DUNKIRK, LONDON, MARSEILLES, &c. ONSIGNEES are hereby informed that their Goods with the exception of Opium, Treasure and Valuables are in general, and it will be remember-the directors are bound to err- being landed and stored into the Go- Missed that a similar appeal for more and they can hardly be expected to down of the Hong Kong and Kowloon Wharf & Godown” Co., Ltd., Kowloon, Sursich, Miss Volhcutikaya, Mr. information about company mats guess right about the value of pro-whence Delivery may be obtained im and Mrs. B. Odolfo, Mr. C. G.
Jr. Yang,
Claims Loo, Mr. M ters, as well as many other things, perty the real value of which can mediately after landing sent in to me on Feidt, Mr. de Guysdet, Mr. J. S. was lately made in England by only be determined by actual sale or before Monday, the 5th September, Mr. Fisher chose "Nationalism" as the subject. of his lecture. There C. Chen, Mrs. C. Franco, the Misses distinguished team, headed by the and of debts the value of which 1997, or they will not be recognized
Damaged Fackages will be examined were, he said, many elements, that Armanda da Cruz and Angelina
da Cruz, Mr. V. Giquel, Rev. E Editor of the Economist.
by the Company Surveyork: MATS went to the formation of a nation.
Fontana, Mr. and Mrs. D. C. Hau.
Goddard & Douglas in the presence of One of these was race, and aoor, W. L. Yang, Mr. K. F. Wong
the Consigneer at 10.00 am, od Fri." idea of how many races night gor, J. 31. Byrne and two babies, Towards the formation of could be gathered from the fact. Wei Chun Hoi, Mr. S. H.
day, the 2nd September, 1917, that in a hospital in Chiengo Fong, Mr. C. S. Hu, Mr. C. E. netices were posted in forty-eight seng. Mrs. A. E. Morel Mr. Languages Even in Scotland and Fetherstonehaugh. Mr. A. C. Tid Wales, where national feeling was bury, Rev. F. W. Rowland, Mr. and Mes. Cooie and four children, Mr. J Carrere. Boy. T. de Chat dia, Mx, E. le Roux, Mr. J. Dules const, and Mias C. de Guyadet.
a nation
so strong, there was mixture
Scance.
at
The campaign in America has been opened by Mr. Thomas Lamont in an engineering magn
zine: “Industrial Management,'
will only be certain when and it they are repaid-then it is certain ly better that they should err on- the side of under-statement; but the fact that they do so necessarilyna in any case whatever. means that the figures which they publish are misleading.
When the wind blows the other
and it would appear from his and other statements, that in spite of all the criticism lately heard of American practice in this respect, mang of its leading corporations set an example which might well be followed in other countries. For example, the United States Steel Company's mouth to month record of upilled orders and sperity. General Motors with its quarterly statement of earnings and its
bicod. Germany was probably the purest natier in blood, and Britain the most mixed in Europe. What enused a nation to come into being Per, B.. President Jefferat, on was not unity of race or of a August 30th:-For Hong Kong: guage, but the sharing of experi Mr. M. J. Butler, Mr. A. Brostedt, ences in the past and the will to Mr. C. C. Chen, Mr. S. Gattos, share experiences in the future. Mr. T T Ko, Miss M. C. Lehman, Nations were made by education, Mr. T. K. Lien, Mr. Leung Hong taking the term in its widest signi- Ting Rawls, Mr. R. Strand, Miss monthly reports of output are in-
Mr. Yang Kuen Sock, M7. P C. Locking at the cold facts of his Simpson Mr. Y. Wocki. Mr. stantes which it would be difficult tory, it would be seen that nations H: Wocki, Mr. Wu Sick Caho, and to match among big British com- were not necessarily the product of Mr. Wong Hong Cher. Among pas panies. In England, by a curious any sublime or spiritual purpose, sengers passing through on their way paradox, it is generally the more * › Manila were: Mr. F. R. Ahlborn, | speculative class of concern which many less areas of material Rev. F. C. B. Bellias, Ensign C. A tells its shareholders, or anyone
nations having been formed conquest. The British nation, for Burmister, Mr. J. T. Bootes, Miss else that wants to know, how it instance, was not the product of F. Colbath, Father I. Cardere, Miss is getting on. Mining companies enlightened statesmanship of Anglo D. W. Cuffray. Mr. and Mrs. M. give monthly and sometimes week Saxon kings, but rather the result. Cleland. Mr. and Mrs. T. Gly Bgures of output, and frequent about development, of strong, equable pressure of Nor- Davis, Miss B. Darie, Mr. Percy information
Mr. and Mrs. A crushings, assays and ad forth, rub man and Angevin administration Denroche, after conquess. In Egypt and India Elizalde, Master J. Elizalde, Mr. ber ventures and oil seckors tell us such spirit of nationalism as exist and Mrs. A. W. Hill, Master R. S. something, often a great deal J. Jacobs, Miss B. A. Lynch, Mr. ducing; but among what may be P. A. Lax, Mr. G. T. Miller, Mr. called the more respectable indus- and Mrs. H. R. Merritt, Mrs. J. tries, apart from the traffic returns A. Mann, Mr. F. S. Morley Mr.of the railways and the monthly and Mrs. B. F. Peters. Mr. K.Bgures published by the chief Eng Phelan, Mr. C. A. Phelan, Mr. L.lish banks, British shareholders are Phelan, Miss L. E. Raymond, Miss generally left to guess how their L. M. Thomas. Mrs. H. Walker and properties are getting on, from the market movements of their shares, Mr. A. H. Wells.
which may or may not be due to operations based formation.
way and doubtful assets are, de liberately or innocently, taken al values which are too high it fol. lows that the profits which are a
over-stated, Parently earned arg and the position of the company at shown by the balance sheet is given an appearance of vareal Dro
Professional Auditors, These difficulties are not in any
No Fire Insurance will be effected by
J. LIMAGE, Agent
Hong Kong, 28th Aug., 1997. [5269
SERVICES CONTRACTUELS DES MESSAGERIES MARITIMES.
CONSIGNEE NOTICE.
BA "ATHOS II
BEING CARGO FIOM MARSEILLES, &c. way reduced by the employment of
ALSO CARGO FROM COGNAC, professional accountants to audit
BORDEAUX company figures, though for other
Ex'S.S. TETUAN,” reasons it is very desirable that their services should be used. They cannot be expected to be expe that their Goods with the arception YONSIGNEES are hereby informed valuers of land buildings and
of Opium, Treasure and Valuablon are machinery, and even if they were being landed and stored into the Glodowns an expert valuer is just as likely of the Hong Kong and Kowloon Wharf to be wrong as anybody else, and sad Godown Co., Ltd., Kowloon, whence professional auditors know less Delivery may be obtained immediately. than the managers about the value ter landing. of stock in trade and the solveney of trade debtors. Skill and long any change for the worse in book. keeping and financial policy, but they are so far from being able to say with certainty that the assets of a balance sheet are correctly. valued, that it has not yet been decided what the values put upon assets are supposed to mean.
Ail Claims must be sent in to me on r before Tuesday, the 6th September, 1927,
wil not be reco.mized. Damaged
ed was the result of foreign eon- Hill, Mrs. E. V. Jacobs, Mies" M. about what they are doing and pro- practice give them a keen nose for or they, Packages will be examined by
quest. Indian national movements largely owed their being to the spread of the Enlish language throughout the continent, for, it was the one medium of communion tion that all Indians had in com mon. Nor was it to be supposed that nationality was the result of necessarily Blow process. The Bastos owed their existence na o remarkable nation to one
very Kafr chief who welded together the scattered fragments of the race and plaated them in Basutoland, impressing on their minds the con sciousness of separate nationality..
Sweeping the World, No one could fail to notice the tide of nationalism that was sweep ing all over the world, though there were cases of partial or suspended development.
"DEPARTURES.
Од
inside in-
the
Company's Surveyors, MessTS. Goddard & Louglas in the presence if the Consignees at 10 am on Saturday, the 3rd September. 1927.
No Fire Insurance will be effected by
in any case whatever,
J. LIMAGE Agent. Hong Kong.28th Aug., 1937. [5270
+
Some accounting authorities-- most, I think of those who have ex- pressed views on this subject in England maintain that it is a complete mistake to suppose that the values set against the assets are those at which the assets would be correctly valued according to the prices of to-day; according to this view, they are merely a record of the sums spent or lent by the com-TARBRUECKEN" that theid deductions can be relied pany, less such amounts as the having arrived from BREMEN, HAM-
Assets Matter of Opinion.. Light on the subject is, of course, provided by the annual report and balance sheet to those who have the necessary skill to draw deductions from the figures, and faith enough in their own perspicacity to believe
NORDDEUTSCHER LLOYD, BREMEN,
INCLUDING
HUGO
STINNES
LINTEN
COMBINED FREIGHT AND PASSENGER SERVICE CABIN. CLASS ACCOMMODATION FOR 30 PARBENGERS.
FARE FROM HONG KONG TO GENOA £73. 0s, Od OUTWARD.
Sailings from Europe for Shanghai and Northern Ports:-
8.8. "EMIL KIRDORE SA. "HESSEN" 8.8. BACHSEN”, 8.8. PREUSSEN M.S. RAMSES! HOMEWARD.
due here on or about the 17th Sept due here on or about the 27th Sept. ... due hare on or abont the 19th Öệt. dag here on or about the 25th Oct, 2nd here on or about the 7th Nov,
Sailings for Europe via Manila, Singapore,
Colombo & Port Said :-
8.5. "OLDENBURG"
sailing from here on or about the 10th Sept
S.8. "ADOLF VON BAEYER" sailing from here on or about the 20th Sept.
S.S. "SAARLAND"
S.8. EMIL KINDORF
S.S.
HESSEN
TE.B "SBEER"
18.8. "SACHSEN"
194
sailing from here on or about the 30th Fept sailing from here on or about the 25th Oct. ...sailing from here on or about the 31st Oct. ...ailing from hers on or about the 10th Nov. ... sailing from here on or about the 14th Nov.
* Calling at Geam, Rotterdam and Hamburg.
Calling at Rottordain and Hamburg. "
For Freight, Passage and further Particulare please apply to
JEBSEN & CO.
12, Pedder Street.
Tel. 0, $225 Tal 0. 4734.
JAVA-CHINA-JAPAN-
JCJL
York Building
Hongkong.
LIJN.
Tel. Addres
JAVALYN
Tel Central 1571
REGULAR FORTNIGHT SERVICH BETWEEN JAVA, CHINA AND JAPAN.
WEL KIRAOTED I!
ON OB Liars of Thecar
ABOUT
02
STEAMELS
...N. C. & AXOT In Port TJISALAK
JAYA, MANILA 2nd Sept TIPANAN
BATAVIA 4th TJIKARANG TJIKEMBANG STAL KLUNG TJIRODAS
Per 8 Chenoncruz, on August 30th: Mr. J. Rodes, Mrs. Colin Duchaino, Mrs Prud'hon, Major E. Fercival Brown, Mra J. T. Morgan, Rey: Mother S. Agathe, Mr. H. Alves, for Saigon: Mr. and Mrs. J. G. Veenenbos, Mr. and S A. Morris, Mr. Hefti, Mr. J. Ross Smith, for Singapore; Mr. E. A de Mates, Mr. Vallejo, Mr. F. Santiago, Mr. J. Novembre, Mr. on. But the difficultly of drawing directors have thought fit to write BURG and Parts, Consignees of Cargo TJIMANOEK M. Goncalves, Mr. F. Brueck, Mr. inferences from balance sheets and off them. This is a very logica! are hereby notified that their Cargo TJISAROBA W. Hensen, Mr. K. Thaison, Mr. A. profit and loss accounts of indus view and reduces the whole ques being landed at their risk into the Go-TJIKARANG Wichmann, Mr. F. Galenza, Mr. W. trial commercial and transport en tien to one of extreme simplicity; downs of the Hong Kong & Kowloon TJIKINI Weazel, Mr. G. Starke, Mr. N. terprises and even of many fan-but it leaves a balance-sheet with Wharf and Godown Co., Ltd., Kowloon, Petersen, Mr. A. Jaeger, Mr. Acial concerns is so great, that their out any practical meaning, be where Delivery can be obtained.
All Goods Schlerwagon, Mr. P. Cartier, Mr. figures have to be approached with cause it is quite possible, on these.
all lines, for a building or a shop, for the 3th of M. P. Vannereau, and Mr. E. extreme caution; because in Monier, for Marseilles.
these cases we are likely to find example; to stand at a considerable rabject to Rent assets set forth the value of which figure among the assets, when it's must necessarily be a matter of in fact really a liability, because cpinion. Land and buildings, plant much money will have to be spect on its reconstruction before profis and machinery, stock in trade or
can be earned in it. inventories as they are called in America, trade debtors, goodwill when it is shown all these things have to be valued by the directors and managers and their treatment of them has a considerable influence on the amount of the net "profit shown.
In India, though superficial, it was none the less very genuine, and it was apparent, too, in China, in spite of the fact that in many the pulse of sentiment beat sluggishly. In the present generation we had been busy giving separate state life to small nations. They were those
Per B.3. President McKinley, for who took the view that the prin
San Francisco ci ports, on August ciple of nationality, if not actually 9th:-Mrs. H. F. Danforth, Mrs. unsound, was not the highest prin- J. Prentiss, Mr. and Mrs. K. M. ciple on which a State could be Jame, Miss K. Y. Heme, Mrs. Choy, that the composite Mrs. H. W. Hoo, Master T. J. based, and State; such as the great, Jeme, Master J. W. Jeme, Mrs. spreading Austrian Empire, which
Lee, Mr. and Mrs. J. Y. Lu, Mr. Was dissolved by the war, was
1. C. Huntington, Mr. E. Weber, altogether a higher form of or Mr. Ho Chung Ming, Mr. Lee Sai ganisation. The Austrian Empire had one unsound feature in that it Chuen, Mr. K. Y. Wu, Mr. K. V. involved the domination of two Song Mr. and Mrs. T. E. Pun strong nations over a number of weaker, nations. If the old Aus trian Empire had federalised itself we should not have had the Great
War.
Prophets of I.
Mr.
J.Soriano, Mr. Yang, Mr. and irs. Chia Laap, Mr. Chiu Way, Mr. P. H. Kan, Mr. W. F. ung, Mr. Lo Lok Forg, Mr. Mak Mo Yan, Mr. Wong See Ping, Mr. Gee Sue Hang, Mr. P. K, Lai, Mr. C. S. Hu, Mr. A. P. Lee, Mr. K. A striking example of patriotic G. Kan, Mrs. M. Sesioneff. Miss H. feeling in a small nation being in Encarnacno, Mr. and Mrs. C. G. harmony with the larger unit was Kwok, Mr. R. E. Francis, Mr. Lok afforded by Scotland. Could one
Yong Cheong, Mrs. Li Lai Keng doubt that Scotland bad gained by Tiw, Mr. Lai The Sum, Mr. Wong the union with England, and could Yung Tai, Mr. P. Chang, Mr. G. one doubt that Scotland gained by Lynott, Mr. M. Yee, Mr. S. H the preservation of her strong his Wong, Mr. B. FT. Pon, Mr. Ng torical national sentiment The Yee Hong, Mr., B. Moise same applied to the Dominions, A Ditta, Mr. Wong, Mr. and the conclusion was that the victh, Mr. and Mrs, Ko Chun Yee, object of statesmanship should ce Mr. L. Junginger, Mr. H. Van to effect combinations on as wide Carven, Mrs. S. P. Mak, Miss.E. and tolerant a basis as possible, Cheng, Mr. Lum Chun Hoy, Rev. provided that adequate space, H. Marray, Miss M. A. Calder, within these combinations could be Mr. Tam Kwun Hung Mrs. Tam furnished for the various national Kwun Shee, Mr. Get Hooey Gun, traditions and national sentiments
Mr. Yee Kim Jiw, Mr. Fong Kwan, concerned.
This country had always heed Mrs Young Shee, Mrs. Lee So Sew, Mr. Fong Chee Lick, Mr. Doong remarkable for it's pessimists. Yin Gin, Mr. Tom Wai Hong. Mr. There had never been a time when
Chin Tuck Yuen, Mr. Lum Bow, they were not told with confidence Mr. E. Price, Miss A. Price, Misa that the country was going to the McDonald, Mr. A. W. Frence, dogs and that we could not stand Mr. and Mrs. W. F. Sekall, Mr. up against competition, that we were degenerating, and that our Childs, Mr. and Mrs. W. Asb- manliness had gone. "Do not be-bermsen. Mrs. I. F. Brown, Mr. A. G. Tracey, Mr. H. W. Oviatt,
lieve these prophets of ill. Mr. M. H. H. Maguire, Miss J. Wehen, Fisher declared, even if you are Dr. J. C. McGowan, 3r. G. D. tempted to take a low-spirited view Dinkel, Mr. A. Kofer, Mr. J. Asai, of the old concern. At all events, Mrs. G. Aabogast, Mra. D. Beck, I think you will agree that the national spirit has done great Cpt. G. 1. Bloomquest, Mrs. G. L. "deal for our country, and that if Bloomquest, Miss M. Bloomquest, we wish the country to survive and Mr G. Epple. Mr. C. W. Cardon, Mr.A. Levis, Mr. R. W. Shaw, Mr.
to continue to make its great con
tribution to civilisation the nation al spirit is worthy of preserving.'
The development of nations had
B. V. Bush, Mrs. T. Kamenoto, Mr.
K. Kamemoto, Mr. C. F. Williams, Miss K. Davis, Mr. P. Naglin and
"not "impeded but had assisted the Miss M. Cunningham.
process that was giving to human.
all over the globe a common
complexion: For these reasons no they might say that since the Fro. wise student of politics would contestant Reformation no form of sent to abandon the national y political organisation had been pro tem. It had its dangers, but, it had ductive of so much public virtue been of great value, and perhaps or rendered so great service to the (Continued at fest of next column.) advance of humanity.
Others consider that a balance sheet onght to be a real guide to shareholders as to the value of their property. But when they are asked whether, this being so, larid and buildings which may have risen in value should be written If the responsible authorities take up, they usually contrive to evade follows that though publicity is on a cautious and conservative view of the question. From alle to erade the value of these doubtful assets
to decide what we want to have the profits to writing them down, and devote a generous amount of excellent thing, it is just as well then there will be less net profit made public-North China Daily shown and less to distribute in Neus.
undelivered after ber, 1927, will be
No Fire Insurance will be effected by
in any case whatever.
Damaged Packages must be left in the Godown for examination by the Con- sigases and the Company's Surveyors, Mess. Anderson & Ashe st 10 am. On the 2nd of September, 1927,
No Claim will be admitted after the Geods have left the Godown and all Claims must be presented within Two Weeks of the Ship's arrival here, after which date they will not be recognised
Consignees are requested to surrender their Bills of Lading to the Undersigned for countersignature.
MELCHEES & CO.,
Agenta, NCRUDEUTSCHER LLOYD, BREKIN Hong Kong, 29th Ang., 1927, [5273
THE HONGKONG & WHAMPOA DOCK
COMPANY. LIMITED:
TELEGRAPHIC ADDRESS "MANIFESTO," HONG KONG
Conas, UED: A1, A.B.C. Fifth Edition; Ezgintering: First and Second Editions,
Western Union and Wathin's Benson's, Marconi.
Dock Owners, Ship Builders, Marine and Land Engineers, Boller Makers, Iron and Brass Founders, Forge Masters, Electricians.
* CHANGTE.
BUDLY AND ENGINED AY KOWLOON DOCKS BY THE HONG KONG & WHAMPOA DOCK CO, LTD,, TO THE OLDER OF TEL AUSTRALIAN ORIENTAL-LINE, LTD AUSTRALIAN HUNG KONG SERVICE... Please address enquiries to the Chief Manager,
E. M. DYER, BSc, MINA, KOWLOON DOCK, HONG KONG.
For
31st Ang. BATAVIA QU
5th Sept. Swarow & BAIGON
SHANGHAI
BAZAYIA
AMOT & N. CYTINA MAXASSER & JAVA
Fth
6th
Eth
JAVA MAKASZR 19th
14th
N.O. & AMOT BATAVIA S'BAT. K'LUNG, 20th
19th
14th
18th
22nd
JAVA. MAKAZE 28th
Stad 28th
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The steamers are si Btted throughout with Electric Light and have accommodation for limited number of saloon Fassengers. All stemmers carry a duly qualified raiseon. Cargo taken at through rates to all porta in Netherlande India and Australia.
For Particulars of Freight and Pange, apply to the,
* JAVA-CHINA-JAPAN LIJN. -
101
WITHOUT PURE BLOODYHEALTH;IS IMPOSSIBLE.
BLOOD
VETARZO MEDICINE
Never before was there anything like it, nor are its marvellons properties likely ever to be equalled in diseases arising from impars blood. It sear ches out and expels from the vital current every lurking trace of poison- sua matter, garing blood and skin diseases, "scrofulous and glandular wellings, bad legs sbscesses, ulcers, eczema, gout, rheumatism, goitre or Derbyshire Neck, eta It improves the general health and quickly removes long-standing bronchitis, asthma and backing, straining, spasmodia congh, too often the precursor of consumption. LIFE WITHOUT HEALTH IS LIVING, DEATIL-
BRAIN AND NERVE FOOD. Chronie Weakness,
VETARZOur Ferrous Breakdown and
VETARZO REGULATORS. Safe and Bellable. English Price 3 (either remedy). The VETARZO REMEDIES CO., Gospel Oak, N.W5, Londen, Eng.. Unprincipled Dealers may try to sofron samething else for extra profit do not scent it. Insist on haring VETARIO. The genize has words “VETARZD) BEMEDIES“ in Government Etamp. Bold by LEADING CASH Cheniers
TS EXAM FRANCE "RENSDI.
THERAPION NO. 1 THERAPION No. 2. THERAPION No. 3
šlo 1 for Madder Osterri. 20. 2 For Food á lita Dlanino. 1 for ChrendŠE WAKISAAR, BOLA ZE GRANTO (RETIONES, TARON ZE DOELANH, MA. DA, EN Charc * Co., Haverstock · KA, X.W**, London - or MAIL PRIN 15, Bangnan. Br., Xxy Tosa Giez oz), "Waar Genant, Bag PRANGLICA, 1)
ON SALE
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