1930-07-29 — Page 2

Daily Press 孖剌西報 All

Series Prev Next Source

A REAL DRINK

"BOAR'S HEAD BRAND

GUINNESS'S

TTP

FOREIGN EXTRA

STOUT

WORLD-WIDE REPUTATION

SOLE AGENTS:

GANDE, PRICE & CO., LTD.,

ST. GEORGE'S BUILDING, ICE HOUSE STREET,

HONG KONG. DIAL 20135.

SHE IS ABOVE CRITICISM

Backwrs' Favorim resort.

A certain maiden voyager on the N. Y. K. Orient-California moter-liner "CHICHIBU MARÜ," sistership of " ASAMA MARU" and "TATSUTA MARU," writes in his letter of appreciation:

I am an old traveler more prone to criticise than to praise. but cannot leave this ship without letting you know how much 'I appre ciate the efforts of the entire crew to make one feel. at home. The boat itself is beautiful, wel laid out and one of the most comfortable on which have traveled."

LUXURY, SPEED and SAFETY.

N. Y. K.

THANK GOODNESS

I AM INSURED

This might be your house!

Insure your residence against Fire

-with-

HONG KONG DAILY PRESS, TUESDAY, JULY 29, 1930.

The effect rubber manufacBY turers earnings in the United States is uncertain, but it is esti aated, notwithstanding the fall in the price of rubber, that they are less this year than in the corres ponding part of last year.

RUBBER CONTROL. but arising out of the first ques tion a further question may be asked, at what cost, and will the ANGLO-DUTCH AGREEMENT. cost be eventually recouped by the trade or any other section "of the community This brings us to the second question, and on this point there is bound to be a very great. Ia the view of this American divergence of opinion. It will be house there are influenges at work recognised that non-interference in favour of rubber The full with natural conditons means effect of the May tapping holiday

[THROUGH REUTER'S AGENCY.]

American tyro

LONDON, July 25. The recommendations de last month by the Anglo-Dutch Liason Committee regarding the steps to long period of prices ruling under is yet to be felt.

producers are expecting an increas- be taken to restrict the world's average cost of production until ed demand during the rest of this output of rubber have been, adopt such time as the less offcient pro-year, seeing that there are two mil- ed by the Council of the Rubber ducers are squeezed out and out-lion more cars registered. Final- growers Association and, by a puts are curtailed by the forced new uses for rubber are Being majority of the representatives of elimination of a large number of Dutch and other Continental rub-the less strongly equipped planta" ber-producers.

tions. It is unlikely that the out- put will be reduced by the requisita amount to produce an ascending scale in the price, without grief- ous hurt, and large depletion of

Following the meeting of the Anglo-Dutch Liason Committee on June 28, it was announced official ly that agreement had been reached on certain important measures in resources of even the best-equipped connection with the restriction of survivors, world output, but no inkling was

To ruin a large portion of com- given of the measures proposed. Inmunity in order that a proportion the market, however, it was believmay reap a large profit eventually ed that the Dutch delegate, pro-ig a doubtful expedient, whether posed a further month's tapping treated as a social or economic pro- holiday in November. In Amster blem, and we think that it has dam, although strict reticence has been the unfortunate experience of been observed, the general opinion most that war under modern" con- is that nothing can be done efterditions does not pay even the vic- tively to relieve the position ex- tors. So that we come to the con- cept by a scheme embracing the clusion that much as any introduc tion of artificiality into the busi- control of native output, and it is css of production of natural com believed the recommendations emmodities, especially under the agis brace this consideration. The Rub of Governments, is to be deprecat- ber Growers' Association circularised man's point of view, it is a ed from the commercially educat-: ed, its members on July 2, with question of the lessor of two evils, notice of a meeting for July 7 at and we are inclined to answer the which the members of the British second question in the negative in spite of our very strong objection section of the Anglo-Dutch Diasion to any form of Goverment con Committee were to report the pro-tol gress attained at their conversa- tions with the Dutch delegates.

The Labour Factor.

و"

A well-known firm of Stock Ex- change rubber share brokers, state that, taking the average estate. the current price level entails of loss of 1d. por lb. or more, without allowing for capital expenditure, and it is therefore simply a ques tion of how long such conditions ean last before production will bo affected by force of circumstances

A Grave Problem. "The committee is undoubtedly faced with a problem presenting very grave difficulties," stated Messrs. Symington and Sinclair in their market report. "We have seen some references lately in the Obviously enough, producers will not turn cat rubber indefinitely at speeches of different chairmen to

a loss. Some people niay ask why estimates made early in the year, they do not cease operations which showed a probability that straight away, but there is a fair- production and consumption forly simple explanation for the ap- parent anomaly of heavy produc 1030 would about balance. The tion continuing with the commod- estimates referred to were mostly ty realising less than production made in the annual reviews issued

cost

by the different brokers in January.

First of all, there is a natural aversion to Hisposing of settled and February. The average of ten labour forces for a temporary estimates, showed production at period-which have been recruited $41,900 tons and consumption at at considerable cost, while, second- 438,860 tons, a surplus of only 3,000, it costs "money to maintain an estate in an efficient condition, tons, but this included an estimate oven when not producing, and up by Rickinson showing a surplus to a point it may be less unpro- fitable to continue tapping opera- cunsumption of 41,000 tona. Since tions at the maximum level. these estimates were issued, gener- al, economic conditions in the world, instead of improving, have further deteriorated, and, speak ing for ourselves, we would say that we would be only too glad if our estimate could be withdrawn

Production Costs.

In the World's Rubber Pasi- tion" (W. H. Kickinson and Son) for June, some figures are given that have been compiled from the latest monthly issue of "Rubber Companies Position, as to cost of production in pence per lb. Com- and forgotten, and we think most panies that roduce under 5d. num- of those who issued the other estiber 14: between 5d...and Ed., 80 mates think likewise.

companies: 6d, and 7d., 150.com- panies: 7d. and 8d.. 128 com. "The position which has to be panies; d. and 10d., 24 com faced is thus rery serious one," panies: over 10d., 10 companies. This gives a total of 480 companies. continues the report, "and we The average cost of all the com- venture to express the hope that panies amounted to 744. per. Ib. as a first step towards any ptan What it stated to be the low cost. amounts the Anglo-Dutch Committee will is due in many cases

being charged to capital instead of take steps to obtain the bast

revenue account, also to necessary estimate which can possibly be expenditure for the upkeep of made of surplus production over estates and buildings being drasti- eally (temporarily, it is hoped) consumption in 1830 if things are restricted. We, may remark that it left to take their natural course is safe to say costs will be lower What appears to us to be wanted this year.

។

is a cold-blooded estimate made in

the most unbiased manner. possible.

Chairmen's Vlowa,

Speaking at the meeting of the and we venture to suggest that the Merlimau-Pegoh Co, Mr. G

THE GENERAL ACCIDENT FIRE AND LIFE ASSURANCE CORP., LTD. surest way to obtain, such an esti- Kingsley said that while restric

TEL No. 97759

For information apply

AGENTA

HBACKHOUSE, LTD.

Stamp Collectors

11, Charen Roan

Will find an interesting

Press" Every Thursday,

mate would be by a joint com-tive methods may be extremely use mittee of members of the Rubber ful and effective as a temporary. Growers Association and Rubber palliative, in the long run consump Trade Association. There are memtion must prove the key to the bera of the latter body who could position. It was on a general im give particularly good information provement in world trade condi as to the probabilities of consumptions, and upon increased buying tion in the second half of the year, power of all countries that the and we feel sure that for the good prosperity of rubber and of every of the trade as a whole they would other industry depended be willing to give their services.

and to supply all the informationed at the Bukit Rajah meeting, Sir Edward Rosling, who presid at their disposal.”

Pertinent Questions.

considered that the only alterna- tives were: (1) "To it still, hop- ing the other fellow will either re- As regards the question of cur duce or cease production; or (2) tailment of output, Messrs. Sen- derson and Co., in their weekly to be Government controlled, and an organized system of restriction review stated:Two, main points including all the chief producing appear to us to be the most pro companies. He thought the in- minent. First, can rubber save it dustry should agitate for the lat self without extraneous aid, which tor

aplier interforence with the

turer conditions of eupply sud de yoga women mand Second, if it is agreed that An American view of the rub- this is possible, is it in the public ber position comes from Messrs. interest to allow it to do so? By Dominick and Dominick. They the public we do not only refer to point out that rubber began to en those directly interested in rubberjoy a free market last year after plantations, but to the world pub seven years of control. Prices of lie. In our view the answer to the crude rubber have declined ever first question is in the afirmative, since February of last year

discovered.

THERES A LONG, LONG TRAIL

Bugs, Fless, Files, Beetles, Mosquitoes,

bel killed. 35

PHONE TO THE

FAR EAST.

LONDON AS HUB OF THE

SERVICE,

Two more radia telephone links front London are expected to come into operation shortly, and, taking into account efforts, by Germany to get into telephonic touch with the Far East, this will mean that prae- tically the whole world will have been joined up by voice links, with London se the hub of the service."

Work on an extension from Aus- tralia to New Zealand has begun,

and it successful an additional 180,000 'phones will be brought ou Ar- to the international circuit. rangements for a service to India) are still being negotiated, but, once these are made, it is anticipated that the installation of the special transmitter in India will not take more than three or four months.

In the first place, the service will probably be to Bombay only, but

KEATING'S extensions will quickly follow to

CONVER

MADE

the United Provinces and the Val- ley of the Ganges, from Calcutta to the North-West Frontier. Madras and eventually Burmah will no doubt be brought in.

LATEST

GRAMOPHONE RECORDS

are obtainable at

THE WING ON CO., LTD.

(Music Department).

Another country which may be put on the international circuit at any time is Egypt. Only the word of the Egyptian Government is needed. From Egypt. there would probably be extensions to Palestine and Transjordania.

Berlin To Tokyo,

feanwhile the Telefunken Com- pany of Germany is experimenting with a radio telephone link with Tokyo, and, if this be established, arrangements will immediately be made for London to switch in." The Telefunken Company is also about to instala transmitter

Nanking for a service to Chin 2

The virtual completion of an in- ternational telephone service is thus

only a matter of months South Africa will, of course, be brought into the system, though experi- menta have not yet commenced, and when the projects actually in hand are also completed there will remain, outside the international circuits, only about 123,000 'phones in Asia, about 30,000 in Africa, and a few thousands in Oceania, The total number of telephones in the world recorded in the last return was 32,644,000, and there are now probably 31,000,000, of which over 90 per cent. are already connected with each other.

Even small islands are quickly being joined up telephonically with.... the mainland. For instance, the. Grecian Islands are being linked by radio 'phone with Athens, and Raratongs is being connected similarly with Wellington. By the end of the year the "anomalous isolation of the Channel Islands from the mainland will be ended.

These amazingly rapid develop- menta-it was only in January, 1927, that London first spoke to New York-have impressed the authori- ties with the necessity of closer international co-ordination, and by the end of this month, as a result of a conference at Brussels, an in- ternational telephone traffic sub- committee will have been set up.

DIRECTORY AND CHRONICLE

CHINA, JAPAN, MALAY, STRAITS SETTLEMENTS, BORNEO, SIAM, THE PHILIPPINES, COREA, INDO.CHINA, NETHERLANDS INDIA, &c.

1930-07-29 — Page 2

Comments

Private Research Note