1930-03-19 — Page 4

THE HONG KONG DAILY PRESS, WEDNESDAY, MARCH 19, 1930.

SHOPPING GUIDE

FELIX HAT SHOP

HATS AND GOWNS

At Advantageous Prices." 7, Ice House St.

Rolande Sarrault

MODES-COUTURE

HAS REMOVED TO

3rd Floor, PEDDER - BUILDING

ROOM NO. 8 TELEPHONE. C. 2252

A SEK & CO. PHOTO-SUPPLIES

26, DisVox Bo. C. TEL, G. 8459)

NAKAMURA

No. S.

MASSAGE

TUNG STAT, 1ST FLOOR, WANGHAI,

RONO KONG,

RADIO SUPPLIES ELECTRIC GRAMOPHONES, AND MOTORS SUPER ELTO OUTBOARD

MOTORS RUDGE-WHITWORTH MOTOR CYCLES TENNIS RACKETS

RUDOLF WOLF & KEW, L.

54, QUEEN'S ROAD CENTRAL. 1st Floor.

Tel. C. 2173.

Mackintosh's

Men's Wear Shocialists.

Alexandra Bldg. Dei Vaux Road.

Fresh Flowers, Fruit

and Vegetables

The Clover Flower Shop

19 ICE HOUSE STREET

REMOVED TO

74,QUEEN'S ROAD C.

DER A. WING & CO. (1923), LTD.

Madame S. LEITE Ladies' Wear Specialist.

NEW SUMMER MATERIALS JUST

* ARRIVED

ASIATIC BUILDING, 1st FLOOR TELEPHONE C. 4474

DAINTY SHOES

OF EVERY DESCRIPTION MADE TO ORDER, AT MODERATE PRICES

ROYAL

SHOE STORE No. 1, D'AGUILAR ́STEEKT,

Нова Коло. Telephone 0. 3237.

SHOP

AT

THESE SHOPS

ין

PERMANENT WAVING

The Most Up-to-date Beauty Shop in Town. Ms. BETEN. TIL K. 481. PENINSULA HOTEL Ex. 34.

A. YUN

TAILOR & OUTFITTER 49, POTTING ER Street, CENTRAL TEL. C. 6060.

HONG KONo.

WITH

SHANGHAI PAPER IMPORTERS.

CHAIRMAN'S SPEECH AT -ANNUAL MEETING.

POWELL'S EFFECT OF LOW EXCHANGE,

Gentlemen's Tailors and Outfitters.

BESPOKE ORDERS' Excoated in 24 Hours.

10. ICE HOUSE STREET.

People Who Advertise

Invite Inspection their Stocks.

R.S. V. P.

The Afth annual general meeting of the members of the Shanghai Paper Importers'. Association was held on February 28, Mr. A. Eve leigh presiding over a fair attend

ance.

Following the usual practice the Chairman reviewed briefly the buni ness of the past year.

As is usual in this market after a good year we almost invariably have one and sometimes two bad ar indifferent ones. The year 1928 was a good one, and last year was accordingly, bad or at least an indifferent one.

The year opened, however, fairly well with good inquiry which lasted loz, the first three or four months. After this period, however, local: stocks began to accumulate. Heavy arrivals under orders placed in the latter part of 1928 and a falling off in demand from up-country markets resulted in a gradual discontinuance of inquiry until orders for new business practically consed alto- gether and were non-existent dur-

of the year;

HONGKONG HOTELng the latter four or five inonthe

GARAGE

FOR CAR HIRE

Fon Home Kore; C. 4758

Fon KOWLOOM: X. 581

THE DAIRY FARM

Ice House STREET

FOR PURE MILK

FARM AND IMPORTED FROZEN

MEATS HOUSE FID POULTRY

INTEGRITY

LANE, CRAWFORD, LTD.

THE DEPARTMENTAL STORE OF THE EAST.

TEL 0. 4567 (6 LINES),

ESTABLISHED 1888.

HERE'S REAL

Tak Cheong TAILORING FOR YOU!

Gentlemen's Tailors. Outfitters and Dealers in all kinds of Fancy Goods

50, QUEEN'S ROAD CENTRAL PHONE: CANT. 1317

HONG KONG FURNITURE

CO., LTD.

MANUFACTURERS OF TEAKWOOD, BLACKWOOD

'AND'

RATTAN FURNITURE.

8. QUEEN'S ROAD CENTRAL

MAISON DE MODES M-ME D'OBRY.

MODES, RORES, COUTURE

SMART. FROCKS- HATS AND COATS FROM PARIS

18, QUEEN'S B

CENTRAL

EXPERIENCED CUTTER. GUARANTEED FITTING REASONABLE PRICES

4

WING HING Co.

TAILORS PHONE. C. 1417. 64, QUEEN'S RD., CTL.

BOOK SHOP and BIBLE DEPOT.

GOING ON LEAVE ?

GET PLENTY Or Booka FOR YOURSELVES AND TOE CHILDREN FO& THE

VOYAGE".

WYNDHAM STREET.

P. O. Box 1, Hong Kong

is the Address. Write an Order for the Weekly Press to be sent you for Three. Months of Thirty Years.

The first will cost you $8.75, and the Annual Subscription is $15,

EXCHANGE BUILDING."

AUCTION!

IF YOU ARE FURNISHING AND WANT TO PICK UP GOOD PIECES OF EITHER EUROPEAN OR ORIENTAL MAKE AT ADVANTAGEOUS PRICE, GO TO

LAMMERT BROS.,

DUDDELL STREET

Mac's Cafeteria

HONG KONG HOTEL Finest Selection of

CHOCOLATES

FANCY GIFT BOXES FRESH CALIFORNIA FRUITS ALWAYS ON -BALE.

The SUN Co, Ltd.

DEPARTMENTAL STORE

DES VEUX ROAD CENTRAL

H.K. TRANSFER & LIGHTER CO. FURNITURE FEMOVALS AND GENERAL TRANS PORT BY TRUCK OR LIGHTER

87. GEORGE'S BUILDING

Tel. C. 8639 A 1422

L. H. B. Hodge.

HAVE YOUR EYES

TESTED AND FRAMES FITTED

By

Exchange Dimculties.

The principle item of remark dur ing the year is, of course, the rapid and heavy decline in exchange. At

the beginning of the year exchange

slood at 9/7d, to the tael while at the close it had dropped to.2/id. at that time the lowest rate the tael had reached in its history. This

Association's Membership,

LAMMERTS AUCTIONS

PUBLIC AUCTION.

| Instructions:

TO SELL BY.

I would like also to refer to the progress this association has made. since its inauguration. O

The membership numbers 97

and comprises practically all those for eign firms who carry on the import of paper as a regular business.

I think I may say without, fear, of contradiction that the associa tion fills a' much felt want and serves a very useful purpose E Undersigned, have many direction Not the least of ita activities is the facility it offers for the settlement by arbitration or survey of disputes and claims: The association has been the means of getting together the names of those in Shanghai who by their knowledge of paper manufacture and experience of the trade are fully competant to act as’surveyors and arbitrators. The majority of disputes which arose during the past year and in which the parties have not been able to effect mic able settlement have been placed in the hands of the nasodiation' which is in itself a tribute to the association's work in this direction,

AND SO

TO BED

22, 25, 27,

28 & 29 March at 9.15

26 March at 4.30

represented a decline. of per BOOKING AT

cent, and increased the landed cost of all imports in local currency by nearly 25 per cent.

This in itself was sufficient to deter dealers from entering into further commitments since, as is usually the case, the majority had not fixed their exchange require- ments in advance.

Theoretically market prices should of course, rise in proportion to the fall in exchange. This, however, is not so in practice and it generally takes the market many months to readjust itself to the increased. costa.

Japanese Competition.

During the year market prices gcherally have remained very steady and whereas the lack of up-country demand and consequent accumula tion of stock, would normally have resulted in a general drop in prices, the fall in exchange has prevented this occurring. At the same time prices did not rise until towards the end of the year and then "only slightly so that with very few ex ceptions dealers have lost on the year's business and several of them have gone bankrupt..

At the last nanunt general meet ing I referred to the increase in

ANDERSON'S

ISACK & CO.

(LATE OF MOHIDEEN & Co.)

64, QUEEN'S ROAD CENTRAL,

| PUBLIC ́AUCTION.

ON

WEDNESDAY, MAR. 19,

COMMENCING AT 11 AM.

Ar GODOWN No. 6, LOWER, THE HONG KONG & KOWLOON WHARF & GODOWN CO., LTD. KOWLOON.

119 Bags SULPHATE or

AMMONIA

TERMSCASH ON DELIVERY,

LAMMERT BROS.,

AUCTIONEERS.

PUBLIC AUCTION.

T

THE Underigned have received

Instructions

TO SELL BY

PUBLIC AUCTION,

ON

THURSDAY, MAR. 20, COMMENCING AT 11 A.M.

At Tan PREMISES OF Tus TAIKOO SUGAR REFINING Co., LTD., QUARRY BAX. A LARGE QUANTITY OF

REFINERY STORES

Comprising:

Plate Beading Roll Milk Drilling Machines, Lathes. Bevelling Machines, Screwing Machines, Empty Jars, Scrap Brass Bushes, Brass Tarpingą, Oil Filter Press Cloths, Housian Bale Caveri, Platform Scales, Scrap Tros, Broken upty Bottles, Calcium Chloride, Special Graphilatum Pasto, Fommor Paint, Marine Grease, Asbestos Agdal Paint. Pubco Faint, Sanalone White Enamel, Salamander. Oil, Colza Dil, Hoist Brakes, BB Cent. Machine Brakes, Porcelain Insulators, Rubber Rings, Watthour Motora, Bolts and Nuts, Tron Cottor Pins, Dies, Block Files, Wood Blocks, Iron Washers, Iron Studs for Insulators, etc.. eta

-ON VIEW From WEDNESDAY, the 19th Manca, 1980.

competition from Japan and the JEWELLERS & GEM MERCHANTS TERMS:CASH ON DELIVERY.

rapidly growing trade the Japanese were doing in this market. Dae to the proximity of their Mills, con

WHOLESALE AND RETAIL

ELEPHANT HAIR RINGS.

sequent rapid and cheaper trans LUCKY CHARMS including port and various other advantages and facilities in their favour, thel, Japanese bave fully maintained this position,

Business Hardly Worth While. Referring to the trade generally THE HONGKONG OPTICAL CO. competition is, if anything, greater

Qualified Opticians

53, Queen's Road 0. Tel: 0.2282

J. Ullmann & En

Class Jewellers Ert. 1860-

Alixondra "Bldg, Chater Road,

FRIGIDAIRE

Soz Aga DODWELL & Co. Ltd. QUEEN'S BUILDING. TEL.: 0..1080

than ever and, the wargins which we-importers are able to obtain are in most checs so small na to make the business hardly worth while.

The year has not been a good one. Several dealers have failed. and others would doubtless havo dane so had they not been assisted in' the usual requests for fres in terest, storage, etc, which I think. we have all found it necessary to grant to some extent and which has cut down or absorbed altogether the Very meagre margins, on which we have to work,

It would doubtless be of advantage to all concerned if we could change the present practice of selling in sterling to one of selling in toels, maintaining the c.if, and it; basis but eliminating the gamble in ex- change. which is a constant source of loss,

Chinese Dealing Direct.

A matter of interest nud one which closely concerns us is the inauguration during the past year of purely Chinese, firm for, the purpose of trading direct with ex- porters in Scandinavia.. Five deal ers have each contributed a limited | sum for financing the business:

They still maintain their own in- dividual hongs and purchase by far the greater proportion of their re- quirements through importere na before, The smaller proportion they purchase through their own paper import organization thus ob- taining knowledge of eif. cont

BRUNSWICK HOUSE prices, and using this knowledge to

BRUNSWICK

PANATROPES

AND

RECORDS

17, ICE HOUSE STREET TEL 0, 4038

cut down the importers, margin of profit in their major transactions,

The compétition in the paper business ià already such that it is hardly worth handling and should, exportera continue with this policy it is likely that the trade will be given up by the reputable and ro- liable frins who have years of ex- 'perience behind them and will, para into the bands of inexperienced and smaller, concerns, who have little to lose,

SHEAFFERS

GOLF PENCIL.

Fits in your pocket convenient as your watch The

·lead REPELS so it can't. punch holes in your pocket.

SHEAFFER'S

PENS AND PENCILS

THE SUN CO., LTD.

Distributors.

HARBIS TWEED

The cremin, at Sootch. ZamocJUMS .and 'acliterat; af all sportą wser. Direk foder, tha' makert, NAIL- Lengths cut to order und sent post- aes paid. Paltarus free on xinting akados deciral.'

Newall, 568 Stornoway, Scotland

LAMMERT BROS., AUCTIONEERS.

BY ORDER OF THE MORTGAGEES.

PUBLIC AUCTION of the following VALUABLE LEASEHOLD

PROPERTIES

Situate in the Colony of Bong Kong.

ESTLY-All that Fisce or Parcel of

Ground sitaste at Victoria, Bozg Kong, and Registered in the I Orice AS SECTIONA SUBSECTION 2′OF SECTION

LOT Together with the Metroago Erec

A

OF

tions and Buildings thereon known

No. 172, QUEEN'S - ROAD. EAST. Arım: støt

Crown

Feet. Froportion

Rent: $13.70

of 12 Square

SECONDLY, All that Piece or Parcel of .Ground situate at or near CHEUNG SHA WAN KOWLOON, Bad Re gistered in the LAND OFFICE _na NEW KOWLOON INLAND TOT No. 80, Together with all the Messages Erections and Buildings thereon. Arta: 9,375 Equaro Feet. Annual Crown Repts $32.00.

TA BE BOLD TWO LOTS

PUBLIC AUCTION:

THURSDAY,

TEZ 27TH DAY OF MARCH, 1980,

Ar 3 O'CLOCK P.M'.

MEBLE, LAMMERT BROS.,

AUCTION ROOMS, DUDDELL STREET, VICTORIA, Home Kona,

For Further Particulars and Cond tons of Sale

"Apply to: MINKE. JOHNSON, STOKES AND MASTER

PRINCE'S BUILDINGË, Hosa Koso. Bolicitors for the Vendors,

MENSE. LAMMERT BROS,, The AuctioneeTN, Hong Kong, 12th Mar., 1930. [8152: