"You know, it is a marvel In organization how a feet of 17 immense President Liners can be handled with such efficiency and positive dependability! One week a President sails for Victoria, B. C. and Seattle via the Short Route, and the next week one to San Francisco and Los Angeles via Honolulu. Every two weeks President salle for the Straits, Colombo, via Suez to the Mediterranean, direct to New York, Boston and California. And every few days one of them sails Interport. That's what I call real steamship service."
Weekly Trans-Pacific Service
To San Francisco and Los Angeles To Seattle and Victoria"
The Sunshine Bolt via Honolulu
The Short, StraightRoute to America
Fanaighdy sailings on Tuesdays
Fortnightly sailings on Wednesdays Pres: Lindola...Tue., Mar. 27th Pres. Grant Wed., Mar. 21st, 7.20. Pres. Madison Then, Apr. 10th Pres, Cleveland.Wed., Apr. 4th Pres. Jackson Tass., Apr. 24th Prez Pierce...Wed. Apr. 18th Pres. McKinlay Tues., May 8th Pres Tafi Wed, May 2nd
Special through tates to Europe via United States. Direct
120, 112 peecdiens with all Adantle lines: Choice of mail lines
scross United States and Canada, liberal stop-over privileges for sight-seeing.
Europe and New York Direct
Fortnightly
ROUND THE WORLD
logs on Sunday via Manila, Scrire, Colombo, Suez Canal, Alexkodzis *** Naples, Genos, Marseilles, New York sa Bosman, YAT Pres. Adam...Son, Mar. 25th Pres. Mouros Fun, May 6th Pres. Garfeld Sun, Apr. 6th Pres. Wison... Ban, May 20th Pres. Harrison ..Bun., Apr. 2nd Pres. Van Loren Bun., June 3rd
To Manila
Lincoln Mar. 19th, 6 p.m. Pres, Madison........Apr. 2nd, 6pm. Pres Pres. Adam... Mar. 25th, 6pm. Pres. Garbel... Apr. 8th, 6pm. Pres. Cleveland „Mar. 97th,6 p.m. Pres. Fierce',.„ápr. 10th, 8 pm,
For Bookings, Passenger and Freight Information apply to Hong Kong and Shanghai Bank Building, Ground Floor Telephone Central 2477, 2478 and 795.
* Cable Address:“Dollar"-
American Mail Line
1 and
Dollar Steamship Line
THE HONG KONG DAILY PRESS SATURDAY, MARCH 17th, 1928.
CHINA MERCHANTS S.N. CO. UNDER GOVERNMENT CONTROL.
COMPANY'S TROUBLES AND LOSS OF MONEY,
REORGANIZATION BY THE
NATIONALISTS.
BY GEORGE E SOKOLSKY.]
The story of the intricate rela- tionship between big business and politics is exemplified by the China Merchants Steam Navigation Com- pany which has now been taken over by the Ministry of Communi- cations of the Nationalist Govern- ment During the wars of recent years, this Company has been suffer ing misures of ships by the military of all factions, Jabour troubles, damage to ships and loss of business so that it had practically become impossible to operate even the lucrative Yangtaze runs. The losses to the Company have been consider
which is a subsidiary of the China Merchants Steam Navigation Co.
The property of the Company must be valued somewhere in the neighbourhood of Tls 40,000,000 against which there are mortgage and loans of only is 13,000,000 Although it is admitted that there is a lack of working capital and that there must be replacements which will involve the expenditure of several millions, the Company is still solvent in spite of the bad years it has experienced. The pro- blem facing the new management is to turn the Company into a pro able since the end of the Great sier head lessen, to end a system of War, during which some profite over head
The management of the Company
were earned. These losses have un-paying dividents without profits doubtedly been due to old ships re- and to azisimize leakages in the quiring an over-consumption of operation of ships. coal, small carrying capacity, and ⠀⠀⠀ The Military Incubus, low speed; to faulty management and to an unwillingness to re- organize the company on the basis of modern shipping methods. But when almost the whole floot of the Company had been turned into war transports without payment of any nature, the losses became so great as to make further operations
curious.
has been reorganized into the fol. lowing departinents: General Office, Marine, Accounting, Treasury, Go- downs and Business. There are separate organizations to look after the Property and Insurance De partments. There used to be a sub- presidiary company called the Franco- Chinoise Steamship Company which has been abolished and its one ship has been taken over. There is an- other subsidiary which operates launch lines between ports not available to the larger ships. This steamlaunch subsidiary owns steamlaunches, which do a fairly good business. There is also a sub-
diary dock company
CZAR'S WEALTH AND THE DODWELL
CLAIMANTS...
THE RICHEST MAN IN THE WORLD.
A HOST OF IMPOSTERS.
[BY DR. EDOUARD LUBOFF, Leading Authority on Russia.}
"Your Majesty need have ne fear of ever coming to suffer the arings of poverty, Financially you are solvency self. With one hand you could buy but the American multi-millionaires, Rockefeller and Morgan, and still have sufficient có talk burment with Baron Beth-
child."
NEW
& CO. LTD.
YORK BERTH.
FOR NEW YORK & BOSTON YL SUEZ,
LLOYD TRIESTINO.
REGULAR MONTHLY PASSENGER AND FREIGHT HERVICE for BRINDISI, VENICE AND TRIESTE (FIUME), TAKING CARGO ON THROUGH BILLS OF LADING TO GENOA, ALL ITALIAN, ADRIATIC, LEVANT, BLACU HEA SAND DANUBE PORTE.
· KEDUCED : PARSAGE RATES.
BRINDISI. VENICE & TRIESTE LONDON
£72.10.0. £80, 0.0,
terms that the Imperial Treasurer It was in these somewhat flippant in 1819 reported to Nicholas II on is financial position. The jest dis pleased the Czar, but the statement as true. The Emperor was the richest man in the world; bis states in European and Asiatic Rusia alone yielded enormous zo- thorities at £4,000,000 annually, venues, “estimated by reliable mu-
while a further £2,000,000 was de rived from other sourcex It is difficult to estimate the capital value of this incoure because of the vas oblandares in which it HOMEWARDS FOR BRINDISI, VENICE AND TRIESTE,
The Romanoffe have always been Aquisitive. Not only were they fishly sadowed with lands, mumes, and forests, but they accumulated steadily ever since the time of Peter the Great, marvellous collec d'art,
NEXT SAILINGS. OUTWARDS FOR SHANGHAI, YOKOHAMA,
KOBE AND MOJI.-.
8.5. “ VENEZIA”..... (M.V.” REMOR.
ALV."BOMOLO”
8.8. VENEZIA "
Trua Hung King Sala hence unfor about 29th Mar, Baili hence opfer about 26th Apr.
Fron Hong Kong
Mar Bails on/orabent("3rd Apr. Bails onfor about 1st May
tions of valuable jewels and objets NATAL LINE OF STEAMERS
The Russian populer. view was that the Imperial Family possessed. pecks of the finest diamonds, and bushels of pearla, to say nothing of countiese stores of rubies, emeralds, and sapphires, Much of this treasure came from confiscated Church property. To-day the bulk of both Crown and private jexels
has been confiscated by the Bolshe riks, and some of them are in the Fremlin in what is known as the Jewel Fund of the Soviet Re publits."
In view of a possible claimant to the Czar's fortune, in the per son of the mysterious invalid, who declares herself to be, the Grand Duchess Anastasin, the Char's youngest daughter, much-interest is attached to the alleged deposits and investments of the Czar in foreign banks and commercial
undertakings.
FROM CALCUTTA & COLOMBO TO SOUTH :" AFRICAN-PORTS:
8.S. UMONA
Sails from Calentis on ha Ist
Regular Fanger and Cargo Service to Bouth African Porta Through Bills of Lading tund from Hong Kong,
For Freight or Famage on say of the above Lines, apply to :---
DODWELL & CO., LIMITED.
Agonita.
Telephone: Central 1000;
NOTICE TO CONSIGNEES,
AMERICAN & MANCHURIAN LINE.
FROM NEW YORK.
TLTY OF DURHAM
NOTICE TO CONSIGNEES.
PENINSULAR AND ORIENTAL STEAM NAVIGATION=Ca's
STRANKE ARRIVED HONG KONG
KONG C 15 1928. MARCH
having arrived, Consignees of Cargo FMANTWERF LONDON.GIRHAL- by har are informed that fall Goods treTAR, MAESKILLES, MALTA,
Landed their risk into the FORTSAID, ADEN?
STRAITS. Holts Wharf, whence Delivery extra-hamalous Gon
will be
MONSIGHTES
∙COL
Ås above-named Feast are hereby in-
wid
formed that their Goods are beleg paded and placed in an e Company owloon Wharf and Golden Godowns Kowloon, where each Consignment will be sorted out Mark by Marka |· and. Deivery can be obtained sa
cas Goods are landed.
Goods have left the Gotowns, and Goods remaining undelived after Find All Calmsgabet the Steamer March, 1923, will be abject to Bon must be presented to the Undersigned on or before 29th March, 1999, or they will not be recognited tre
The Inevitable Politics, One of the major problems al ways facing this Company has been its relationship to polition. The Company was organized in 1874 to trade between porte not open to foreign commerce, but it was hoped that it would ultimately take the place of the foreign vessele trading
The principal cause for leakage along the coast and up the civors of China. It was given govern-has been the use of ships by the mental support in the form of a military. The new management is dipping submdy, more than one accordingly negotiating with the third of the tribute rice sent to General Headquarters of the Na Peking being carried by its vessels. tionalist Army to get them to agree Chinese merchants subsoribed liber-rot to use the Company's ships ally to its shares, particularly the without payment. Four Nationalist Cantonese merchants
Hong in
soldiers have been placed on each
HE Steamship ship plying in Nationalist ter There are uttrorities who assert Kong-
The suggestion had often been ritory, who are to inform their that all these moneys were with made that the Goverment should comrades in nazor to buy tickets drawn during the war, and there take over the Chino Merchants, but Military interference has somewhat are others who state with equal until the recent action by the abated since the Government has vehemence that large mums are still hardo Nationalist Government, the Come taken over the line.
outstanding to the credit of the downs of Holt pany has always been able to ind Compradore Rights
Czár or his heirs. There is a cer- Rossio Claim K some way of keeping the Govern
Another cause for leakage hastain amount of probability about ment out of the Company But it been the compradore stands the latter contention, in view of the sexed at all times necessary for this system, splatives and friends fact that withdrawal in war time the officials of the Company to hold the good-will of the rulers along the of directors were appointed as com would have been extremely difficult. But it is hard to climate the Yangtze, who might seize their Padores on ship-Tell chich the value of these deposits, although Jarely, if ever, travelled with the ships, use them for transport with ship they rather sant assistants the Bolsheviks in their early days, out payment and in many ways who had to make their money out garantly confusing private and molest them. It was this necessity of the trip. This permisions system Government accounts, spoke of as for playing politice, which often has been replaced by the appoint much as £200,000,000 involved the Company in the DOCLES sity of providing inecures for meat of a business manager for Pretenders. various friends and relatives of each ship, whose accounts are sub In the meantime "the legend of a period of One Week great gem, which really broke it Ject to constant audit and who is required to accompany his ship on dow. The present unfortunato each voyage 1 is too early to position of the Company, then, is state with certainty whether this nos a matter of a few months or even a few years. There has been system will bring about the im- a steady decay over a long period, provements desired, but it is a step which was brought to a crisis by in the right direction for it was im
possible to check the the recent wars in the Yangtze pradores too closely without offend old com- Valley,
ing powerful directors and share A Valuable National Property. holders.charAMARERING The Nationalist Government, Of the old Board of Directors, through the managing director it only me has re-registered his shares has appointed for the Chine Mer- in accordance with the orders of chants, Mr. T. C. Chao, insists that the Nationalist Government and he it has not take the line over, but has been given office in the régime is merely engaged in reorganizing Marquis Ll Wei. Hui, who repres a valuable national property which sents the interests of the descend
ants of the Viceroy Li Hung Chang, has become the Co-Manag ing Director of the Company. The managing Director is MrAT C. Chno and the Secretary is Mr 8. A. Chow
has a
HAMBURG-AMERIKA LINIE and become derelict
INCLUDING
In this connection, it is interest ing to note that shares have been drsued to the amount of Tia 8,400,000, which is the present book capital of the Company. In addi
HUGO STINNES LINIEN to this, there are shares to the In reply to a specifie questäcm,
COMBINED FREIGHT AND PASSENGER SERVICE CABIN CLASS ACCOMMODATION FOR 50 PASSENGERS. FARK FROM HONG KONG TO GENOA-273.04 04, OUTWARD.
Bailings from Europe for Shanghai and Northern Porta
6.8. CART LEGIEN
das here on or about the 30th Mar, BB ADOLE VON BARTER, die here on or shout the 3rd Apr., membno kartāns bere on or about the 16th Apr. 8.8. PREUSSEN"--
HOMEWARD.
*TTE
Bailings for Europe vis Manila, Singapore
les Colombo & Port Said :—,
SAARLAND " BS EMIL ETHDORF MV.BAVELLAND (Omitting Manila)
CARL LEGIEN- Caling af Genom, Harsell.
calling from here on or about the 17th Mar miling from Isere on er about the 3rd Apr," #ming from here on or about the 7th A “From here on or about the 25% Á
terdam Red Hamburg,
and Hamburge Round the World frip:
*O (Milling at Genes Rotterdam
RESOLUTE Arrival 29th March, a.m. Departure 80th March, pus
further Partenlare plan
JEBSEN & CO.
11 Folder Btreet,
amount of Mex. 85,400,000 which Mr. Chao stated int foreigners have been issued in the Surplus would continue to be employed by Profts Accumulation Company, the Company-V Daily. Now
TO PLEASE THE MEN.
· [BY LADY KITTY VINCENT-]
Goods,
All broken, chuted and dams god are to be left in the Godowns, where they will be examined on any Tuesdays or Friday between the hears of 10.46 sad Noor, within the Free Storage
“No Fire Insurancs has been
Buls of Lading will be commtesnigued by
THE BANK LINE UTD, General Agents. Hong Kong, 18th Mar, 1928, 0019
fabulous fortune, together with the mysterious circumstances under which the whole Royal Family met its death, has attracted a number of pretenders. There are in Russis alone six would-be Cars and about a dozen would be Czarewitches, to miraculously saved Grand say nothing of a number of Duchesses. It is interesting to note that according to Soviet writera nearly every pribor in Russia can boast of one or two of these pre- tenders, and that the peasantry receive them as saints. They spare neither money nor food to make Steamshi them comfortable in return for 2 promise of remembrance and for 8 blessing.
U.S. UNEMPLOYED.
REPORTS OF 4,000,000.-
HAMBURG-AMERIKA LINIE.
NOTICE TO CONSIGNEES.
门庆您
No
BOHLER"
having azred, Contigues of Cargo are hereby notified that there Spuds are being landed sad placed at their riak in the Hong Kong & Kowloon Wharf & Godown. Company's godowns at Kowloon, obtained as the where Delivery can be obta Goods are landed. be landed,
Optional Cargo will
been given prior to Steamers
after the NEW YORK Goods have left the Godowas, and all America, which for years has en: Goods remaining undelivered after 32 joyed unexampled prosperity, is March, 1998, will be subject to Bent, now suffering from an unemploy. All broken, chafed and damaged Gooda For the street you could havement crisis that, according to re are to be left in the Godowns, where they blue serge coat and skirt, and once ports, has made jobless, more than will be araminal on 20th March, 192 again black shoes and stockings. 1,000,000 men 10 by our Surveyors, Mor If you wanted to be specially fetch ing you would not wears jumper, but a nice hope, such as our
Not since 1918 have matters heen Goddard and Douglas before
so bad Hungry thousands of men, form queues daily on the Bowery April, 1928,
Presumably women, as a sex, mothere wore, and this would zo in New York In Sunday's bitter
wish to attract, men
vide the opportunity for another Thee being the case, I. always | waist belt. In summer time, some wonder why we spend so much on thing soft and flufy (only be care our clolács. I am sure I could ful to have log (sleeves) would map out a wardrobe which would meet the case, and with a blue cost only a few pounds a year and sah, your triumph would be com- Jet enrapture the heart of any hús-
plota: band. I should begin with the good old black evening dress, which should would be made of chiffon with clothes, imany flounces and a wa prefer ably outlinei "wild a
Of course there wou ›be black ebocs and e
the head. This
had been ensguided as to shingle
wind they formed up outside the wissions an hour before food was available, and when the distribution was finished hundreds were turned away unstufred
Many of there unfortunates are well dressed and of quite a differ-
Now just think dow much, we cat
thepo babet time what zona,
with our
for black freebs and
If you had kept your long hair Bat I wonder if in the
I should advise a buon the long ago, wher; waists we
from the derelicts: "who
gather around the mi
General Cozer, leader of Czer
Stave interest unemployed
that
the polis
pape of the neck There would be fashion. men - thought that their Desirt. no need to have more then the one wives clothes were perfect t+1 were
rening dress, because a husbands suspect that Adam
always talk
You why
it cont evenings
Il a thing suits | was about
and that ear
you mind wearing to the end the world mad will
Woer the same regard to
legitimate grie
orther
Fire Ins No-Fire Insum Elle of Ending will by the Underar
Hong Kong, 14th
CO
Options. Goods will be landed bire los instructions have been given to the contrary, at bot the Steamer.
Goods not cleared within 8 days in- cluding date of arrival will be subject to Heat
alz hours before arrival at
No Fire Insurance will be effected by us in any case whateverkan pada
-Damaged Packages niet be left in the Godown for enmination by the Consignor, and the Company's surveyor Messra GondaRD & DOUGLAS at 10 am. cs Mondays and Thursdays, within the Free Blor
périod
be
All Ohms against the Steamer mart
jasocuted
to the Undersigned on or bafors 46h v April,
not be recognized.
No Claims will be admitted after the Goods have left the Godownin MADKINNON, MACKENZIE & Co.,
Hong Kong, 15th Bisx., 1928. [6010
SERVICES CONTRACTUELS DES MESSAGERIES-MARITIMES.
CONSIGNEE, NOTICE.
9.8. PAUL LECAT
BEDGING CARGO 20
MARSEILLES, &c
ONSIGNEES are hereby inforzes albat their Goods with the sineption Opitno, Trimestry and Valuablem ang landed and stored into the Godown
Has Hong Kong and Howloon
may be obtained
riday? the
not be
Hong Kong, 14th War
ON HALE
ONG KONG
PORTS) 5? the? #LEGISLATIVE
Bession 1997
Revised by Members
FRICE
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