1934-02-26 — Page 13

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The germ-killing Turnar Tablet

THE

HONG KONG JOCKEY CLUR. ·

ANNUAL RACE MEETING, 1934, & 26TH, 27TH, 28TH FEBRUARY,

AND 3RD MARCH, 1934. N_Saturday 24th, Monday 28th, Oct 27th, and Wednesday 28th Februar, the first bell will be rang at 11 am, and the first race will bs run at 11.30 .m. On Saturday, the 3rd Mar, the first bell will be rung at 1.30 pm, and the first race will be run at 40 p.m.

HONG KONG DAILY PRESS, MONDAY, FEBRUARY 26, 1934.

JAPAN'S FOREIGN

TRADE

Industrial Progress And Its Causes

“NEGATIVE" AND "POSITIVE”

Economist.

POLICY

tive.

What will become of Japan's timely aid of the nationalist ideas foreign trade This was the ques-prevalent in these so-called extra tlon discussed by various authorities, ordinary times, and the cutting of in a recent issue of the Oriental the cost of production through in- Below is the gist of dustrial rationalisation has produc- some of the views expressed." ed more than expected results. The

of Japanese So far as the internal conditions battle-front go, says Dr. Takeuchi Kenji, there which have made sure if their is nothing one need feel pessimistic ground in the home market has ex- alt regarding the future of Ja-tended all along the line in the in- pan's foreign trade. Low exchange ternational market, and efforts have on breaking felt des calcentrated still making itself whicle is

defence line of the much despite some rise experienced through the of late, low wages, the incessant in dismayed foreign competitors. The proverent in the quality of production's trade policy lins thus turned thms, the reduction of costs due to from the defensive to the aggressive the continued process of industrial and from the negative to the posi- It name has also changed from the negative control of trade" rionalisation by way of combina tion of business operations, and the Government's protective shipping to the positive and more imposing have "systematisation of trade." Thus, policy--these factors which favoured, the recent growth of Ju- the attention of the Trade Investi- gation Commission which coatrols pau's foreign trade remain

are so the highest national policy regarding Tided; traders

is directed first to changsh boyant that they shy that they will foreign trade have nothing to fear even though systematising exports and otherwise MEMBERS' BADGES AND

the yen exchange may go up to par. anticipating, stopping or mitigating But one bad factor after another the suppressive, measures of foreign ENCLOSURE: Members are reminded that they arisen erternally and gloomy nations against the onset of Japan

the greatest concern to positive and their ladies must wear their bad-views are being entertained about fese goods. In fact, the matter of TRADE RECOMES POSITIVE" trade policy is how to anticipate, ges prominently displayed throughout the future of trade.

mitigate foreign nations' the Meeting.

-stop or suppressive measures against Ja- panese goods. But this is no rasy matter to accomplish.

The titin interval will be taken After the fifth race on the first four days..

No one without a badge will be admitted to the Members' Enclosure.

ble for all chits, etc.

Race Course,

the one on

IN

MEMORIAM

The Hon. Treasurer of the Society of St. Vincent de Paul acknowledges with grateful appre- clation and thanks the receipt of to the the following donations Society's Funds.

Messrs Raven and Basto

memory of Mr. J. M. De Castro Basto $10,-

In

The Mess, C/O Miss L.P. Ablong in memory of Mr. J. M. De Castro Basto $10,-

HEALTH BULLETIN OF EASTERN PORTS

Plague Bombay 5, Rangoon 3, Colombo 1. Cholers: Calcutta 41, Madras 9.

Feb. 18th first case of Cholera in Bangkok.

Island 3. Small-pox:-Perim Baghdad 1, Beirut 13, Bassein 13, Bombay &, Calcutta 105, Cochin 1, Karachi 8, Madras 27, Rangoon Vizagapatan 3, Haiphong, 41, Tear- "ate 8, Macao 3, Hong Kong 5,

Shanghai 30, Osaka 1.

course

are

the causes for

It is under-

LESSON SERMON

First Church" Of Christ, Scientist-Hong Kong

"Mind" was the subject of the. Lesson-Sermon which was read in all Churches of Christ, Scientist, or Sunday, February 25th.

The Golden Text was "Be ye all of one mind, having compassion one of another, love na brotren, be pitiful, be courteous (1 Fetur 3:8).

the citations which compris

Among

ed the Lesson-Serinon was the follow- ing from the Bible: "Blessed are the poor in spirit: for their's is the kingdom of heaven. Blessed are they which do hunger and thirst after righteousness: for they shall be filled. Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven (Matt. 5:3,6,16)...

11

PACIFIC ORIENTAL

MONTHLY CARGO AND PASSENGER SERVICE

M.S.

SELANDIA" Sailing on or about

For Los Angeles, San 27th FEB.

Francisco, etc., direct,

m.s. 'ASIA" For MANILA,

1st Mar.

CARGO AND PASSENGERS ACCEPTED FOR MANILA, LOS ANGELES, SAN FRANCISCO, VANCOUVER, SEATTLE, ETO.

THROUGH BILLS OF LADING ISSUED TO

OVERLAND POINTS.

Excellent Passonger Accommodation.

Passenger farea Hongkong/San Francisco from 08135. (tat class only) For Freight and Passage, etc, please Apply to:

The East Asiatic Co., Ltd. The Chinese American Shipping Co.,

Agenia 1.

Agent: HONG SLING Office: MERCANTILE BANK BUILDING (TOP BLODB), 7, QUEEN'S RD., CENTRAL

TELEPHONE: 9071.

The Lesson-Sermon also included the following passages from the Christian Science textbook: "ScienceJOHN MANNERS &CO., LTD. and Health with Key to the Scrip tures by Mary Baker Eddy: "Heaven is not a locality, but a divine state of Mind in which all the man- ifestations of Mind are harmonious and immortal, because sin is not there and man is found having no righteous! ness of his own, but in possession of "the mind of the Lord," as the Scrip. ture saya" (p. 291).

ROOM

FREE TO THE PUBLIC

MACDONNELL KOAD Opposite houses 9-11 Autherized and approved literature on Christian Science may be read, borrowed, or purchassi. "First Church of Christ, Scientiat,

Hong Kong

Bussan Co, thinks that, owing to the plausible alarm sounded about CHRISTIAN SCIENCE READING the trade "yellow peril" and var ious obstacles laid in the path of Japanese goods, it is of necessary that the uation should be prepared for meeting with greater trials than ever in its foreign trade. the power of Japanese but that goods to expand abroad does not rest on so slender & basis as some Low wages people seem to fear.

exchange, he says, and low usually mentioned

6-In China, the South Sea the forward striles of Japanese standable enough that these matters islands and India and other neigh- goods in recent years. should be exaggerated abroad and bouring countries, with backward used as the pretence for bringing industry and a large population, According to the sume writer,

pressure to bear on Japanese goods, cheap Japanese gouds are in great- Japan's trade policy during the

but it is add to observe that there er demand than high-class pro- are some Japanese who are looked ductsof Europe and America, be Badges adnitting non-members to last two or three years has changed

LOW WAGES

up to as men of light and leading. cause of the mode of living there the Morabers Enclosure and Club from the negative to the positive in Rooms at $10.00 per day including those days when industrial nation-

Anong the various factors cited and even some economic journals being more akin to that in this 7-Owing to the highly advanced tax-or 8400 including tax for the alisation was the cry of the whole

and $20.00 nation, the main object of that against Japanese goods, continues in this country, share the same view. country;

which 1.Of course there can be no question Meeting (ladies 85.00 respectively) are obtainable through policy was to cheek imports. Cries Dr. Takeuchi, the Secretary upon introduction by for the use of home products and greatest stress is laid is low wages that low wages and low exchange family system obtaining here, many Member, anch Member to be responsientting of costs were, after all raised in Japan. The report of the British have been contributory causes of the capitalists and workers tre actuat- for the purpose of protecting home ladustrial League entitled. The recent activity of Japan's industryed by family sentiments and bur- Badges admitting to Members En-industries and hindering the inroad Alenace of the Competition of Ja-and trade. But it spells a glaring moious relations are well main- as decisive factors. It is no new fact a great deal of attention being paid closure will NOT be on sale at the of foreign goods, "Control of for-panese Goods, says that owing to Jack of understanding to regard them tained between capital and labour.

vign trade was the name by which the difference in wages, labour con- The Secretary's Office, 3rd Floor this negative polley went. The ne-ditions and standard of living be that the standard of living, and by the employers to the welfare of

than those in Europe and of their living Gloucester Building, (Tel. 27794), gntive trade policy-more especially tween the East and West, it admits consequently was, in Japan are the employees and the improvement

of no doubt whatever that it will lower

In fact, the standard of B.The country being reduced to WILL CLOSE AT Um. ON THE the movement for the use of hour FIRST FOUR DAYS AND

The Ever living here is new considerably en- a position of international isolation AT products-succeeded partly by the prove impossible to compete with America,

Japan on equal terms. 12.30 p. ON THE FIFTH DAY.

ing Standard of December lat also hanes compared with the years since the Manchurian affair, the na- impossible to preceding the Gront War (while the tion has been inspired with a herois wrote that it was ADVERTISEMENTS compete with Japan with its in-living, of the Europeaus does not determination of wading through comparably lower standard of liv-appear to have much improved in the critical period in the face of ing, and that there was no other the same interval), and wages and any and every obstacle.

It is owing to the conbination of remedy than repealing the most other labour conditions here have

likewise improved. Besides, these complicated causes that we' are witnessing such an active ex- favoured nation clause and adopting decisive measures. It appears that cheap labour was an essential con-

dition for industrial development. port trade was due marely to low France has also the intention to. bring forward this question of low China and India ought to have been wages and low exchange, o wages in Japan before the League great industrial nations by this would have expanded in respect of fact, the export of In fact, low time. Nor is low exchange a feature of every item of merchandise. As of Nations this year. wages are always made the excuse entirely peculiar to Japan. In Bri-a matter for the competing foreign natione tain and America and many other habutae, acquatic products, ising- to increase duties on Japanese goods countries, too, the value of currency lase, paper, woad wax, hemp tex- or otherwise to hinder their inroads, as much depreciated, though in tiles, artificial pearls, copper, etc. Even France, has decreased compared with before! At the same time it is impossible varying degrees. for Japan to force "up wages just though still adhering to the gold the fall of exchange, while a to humour her foreign competitors standard, has reduced par to one-markable increase in exports is Further, the positive trade policy fifth of the pre-War value. More shown by bleached cotton, printed implies a systematisation of experts, over, Japan has not deliberately cotton, ragon textiles, cotton towels, bat the difficulty is that this does brought about low exchange. On iron and iron goods machinery, not appeal to traders. Owing to the contrary, she tried to go on 'waggons, electric bulbs, canned and the compulsory systematisation of with the gold standard by permit bottled food, flour, rubber shoes,. the export of electric bulbs since ting shipments of gold at par, and woollen textiles, hardened oil, etc.- January 1st, the price has been it was chiefly through pressure from all manufactures which have comé efforts of the business, men con- compulsorily raised by 33 per cent, abroad that the export of gold bad, to their own through the unassisted

cerned. but the exporters concerned are of to be barred again. the opinion that the return of ex- increase of change to par or the duty to 70 or 80 per cent, would be more tolerable to them than this systematisation of oxports. Sys- tematisation of exports is most

A limited number of Tifins will be obtainable rach day at the Club House, provided they are ordered in advance from the No. 1 Boy, Telephone No. 21920.

On ne pretaxt will children be per nitted in either enclosure during the first four days of the Meeting.

PUBLIC ENCLOSURE.

The price of admission to the Public Enclosure is 84.00 per day including tax for all person including ladies, and is payable at the Gate.

Soldiers and Sailors in uniform are admitted to the Public Enclosure at $1.00 per day including tax.

Bookmakers, Tie Tac men etc. will not be permitted to operate within the precincts of The Hong Kong Jocker Club during the Race Meeting.

Tiffins will be obtainable in the Restaurant in the Public Enclosure.

SERVANTS" PASSES. Passea for Servants will be issued on application to the Secretary, Erd Floor, Gloucester Building

Employers are requested to distri bute them with discrimination and to endorse their names on the passes.

Servants are not permitted in the Members Enclosure except for passing

through on thei: daties hat, must remain in their employers' stands.

Any persons found loitering with Servante passes in their possession will forfeit the same and will be removed from the enclosure.

By Order,

NOTICE.

ESTATE "of William

Vian

INVEST, Morrison Hill Roul, Victoria, in the Colony of Hong Kong, Undertaker, deceased,

All persons having claims against the estate of the above named deceased are requested to send particulars thereof to the Undersigned forthwith.

Dated 24th February, 1934.

DEACONS, Solicitors fer the Executors

1, Des Voeux Road, Centrul.

(8299

THE HONG KONG & KOWLOON WHARF & GODOWN CO., LTD.

NOTICE TO SHAREHOLDERS. FORTY-SEVENTH TRY ANAHAL MTENDON

SHAREHOLDERS will be held at the Office of Mesers. Jardine, Matheson & Co., Ltd., on Friday, the 2nd March, 1834, at NOON, for the purpose of receiving the Report of the Directors and the Statement of Accounts for the year ended 31st December, 1933..

The Transfer Books of the Company Secretary.

will be CLOSED from Wednesday, the 21st February, 1934, to Friday the 2nd [2252 March, 1934, both days inclusive.

C. B. BROWN,

Hong Kong, 12th February, 1924.

By Order of the Board of Directors,

F. E. CRAPNELL,

Secretary,

IN THE SUPREME COURT OF HONG KONG, 13th February, 1934.

HONG KONG

mis-

"

REAL CAUSES According to Mr. Yusukawa, the

causes deep-rooted more

for

اہیم

AN ELASTIC NATION

re-

TRAVEL J.C.J.L

FOR JAVA

BALI

TO BATAVIA DIRECT

8.8. "TJIKARANG"

27th February, noon

TO MANILA. MAKASSAR, BALI, SOERA BAIA

6th March, 11 am.

-8.5. **TJIBADAK ??

Special reduced round trip fares and through fares to Europe, Australia and South Africa.

Apply -THOS. COOK & SON, AMERICAN EXFRESS COMPANY

JAVA-CHINA-JAPAN LINE..

HOI LAND-CHINA TRADING CO, CANTON,

Enjoy

Your

Holidays

NORD LLOYD

FUTSCHER

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HAMBURG AMERIKA LINIE * NORDDEUTSCHER LLOYD

KAM BURG

Far Eastern Mail Passenger and Freight Service

Through bookings to Amèrica vía Europa and Europe via America. Bookings around the world. Through bookings to London. OUTWARD SAILINGS

(NDL) m.v.“ FULDA”. (HAL) m.v.“ LEVERKUSEN”

Dairen,

...8rd Mar.

Yoji, Taku, Chefoo, Tsingtau. ...for 'bai, Taku Bar, Dairen,

Txin gtar, Yokohan a, Kobe... 11th Mar, for Shanghai, Tako, Dairen, Kobe, Osaka, Yokohama,

20th Mar. Nagoya....... ....for 'hai, Taku Bar, Dairen, * (NDL) 9.8. " DONAU”..

Tsingtas, Yokohama, Kobe, 22nd Mar. Tsingtau, Y'hamı,, Nagoya," Kobe, Osaka (HAL) m.v. "ERMLAND...for Shanghai, Taku, l'airen,

This is an exceedingly elastic na (BAL) s."NORDMARK"...for Shai, Yokohams, Kobe, found in the following facts: When it is turned down in China, Japan's trade activities are to be tion, Mr. Yasuoka goes on to say: strongly urged in regard to

1.-Through the painful exper- it expands da India and the South Pressure in India cellaneous goods and it is exactly dealers in viris goods tha are most ease due to many years' depres- Sen regions. averse to the idea of systematisation.sion and a series of panics, and sends it bounding to cultivate a new retrenchment ca When habutae, satin and kaiki Trade is a living thing, they com- more especially by the Hamaguchi market in Africa and South Ameri- monly think, and systematisation is Ministry's extreme like canning living things. It ap- policy, un impetus was given the cease to sell, it turns to fujikinu most process of industrial rationalisa and crepe. If silk textiles are no pears that dumpling is in cases the highest aggressive tactics tion Bad assets were written off good any longer, rayon textiles are for miscellaneous goods; and eye by reducing capital and dividends. Arbstituted for them. There was is incompatible with In short everything has been done time when cotton yarn used to he tomatisation

to increase eficiency;

an important export, but now that dumping.

9.-The nation, vigorous and China and India have learned in† (NDL) “SAARBRUECKEN" OTHER FUTILE IDEAS steady by nature and accustomed produce cotton yam of their own. The second plan of the Trade to simple life and hardy, has de we are supplying them with cotton various valuable ex-cloth instead. And of cotton cloth, Investigation Commission aims at quired revising the tariff system, concludes periences thanks to the diffusion too, gray cloth casing to be in [2258 the Doctor and the third at adjust of education and the turning of demand is readily replaced by ing the so-called one-sided trade, scientific knowledge into common bleached or dyed cloth, Every re- pulse is followed by a greator re- But now that Japan's foreign trade schse;

Difficulties are only s0 no longer centres. round the import 3-The nation, characterised by bound. of finished goods and the export of the habit of making most of every many whetstones to sharpen the

and

† (NDL). "TRIER" investing raw materials and agricultural pro-thing owing to the deficiency of nation's courage duce, but has swung round in just natural products, has learned to powers Buch is the mysterious the opposite direction there is little import rags and waste yarn from power possessed by this people, TOTICE IS HEREBY GIVEN. room for increasing, tariff rates abroad, and recover caustic soda At the same time the world market LAND, RETIRED BANK OFFICIAL that the FORTY-FIFTH OR. Soms business men are determined out of discarded fluid arising from is very extensive and there is much · otherwise to eliminate if the nation endeavours to develop DINARY YEARLY MEETING will enough to urge that no hesitation the manufacture of rayon and pa room left for further development its strong points instead of merely TOTICE IS HEREBY GIVEN be held at the Company's Offices, P. & should be felt in resorting even to per and

4-This nation has displayed its relying on low wages and low that the Court has, by virtue of 0. Building, on Wednesday, 14th the imposition of duty qu raw waste, to the utmost; Section 58 of Probate Ordinance 1897 March, 1934, at 11 am., for the purpose materiala by way of retaliation. But made on Order limiting the Time for of presenting the Report of the Dir it is doubtful whether this is a wise superior ability in invention also, exchange, It will not do to take a

As regards the adjust and cutliving the "period during blindly hostile attitude Creditors and Others to send in their Claims against the shove Estate to the

ment of one-sided trade, the Depart-which it was content to imitate other nations and go about ravag- 15TH DAY of MARCH, 1934.

ment of Agriculture and Commerce European patterns, it has invented ing the world's markets; but while machines, and instru- rational co-operation and exchange has since last year gathered people superior

PROBATE JURISDICTION..

IN THE GOODS OF ANDREW BARRIE LOWSON, LATE OF CHADLEY WELDIKOVAM SURREY,

THE HONGKONG ELECTRIC

CO., LTD.

ENGLAND FORMERLY OF 50, EAST HION STREET, FORPAK IN SCOT-

DECEASED.

All Creditors and Others are accord- ingly hereby required to send their Claims to the Undersigned on or before

that duis.

Dated the 19th day of February, 1954. JOHNSON, STOKES & MASTER, Solicitors for the Executrix,

Prince's Bullding,

"Ice House Street,

Hong Kong.

[1280

ectors together with a Statement of counsel. Accounts to 31st December 1933 and electing Directora and Auditors.

The Register of Members of the Company will be closed from 3rd March to 14th March, 1934, both days Inclusive, during which period ou Transfer of Shares can be registered. *.

By Order of the Board of Directors. GIBB, LIVINGSTON & CO, LTD, Agents. Hong Kong, 1st February, 1934.

..

towards

.

...31st Mar.

for Shai., Taku Bar, Dairen,

Tainginu, Y'hama, "Kobe......6th Apr, HOMEWARD SAILINGS. *(NDL) m.s.TRAVE".........for Geno, M'lles., Camblanca, A'dan, R'dam., Hamburg, Bremen ' ; 2nd Mar.- (HAL) m.v." RHEINLAND" for Genes, Rotterdam, Ham-

burg, ingyen 5

7th Mar. for Genus, Barcelona, L'don. Dover, A'dam., Rotterdam, H'barg., Bromen 13th Mar

for Genos, Marseilles, R'dam,

Hamburgaga meine 14th Mar,

for Genos, Barcelona, R'dam,

Hamburg. oriented an ..for Genos, Marseilles, Oran, Amsterdam, Botterdam, Hamburg, Bremen 20th Mär.

(HAL) mv. “ MUENSTERLAND Z

(HAL) m v. "SAUERLAND'

(NDL) 9. "ALSTER”

in the woollen trade and suggested merits of its own and done much should always be aimed at for the N.D.L. that they should buy leas wool from in improving plants and processce; common weal of all the nations, it Australia and buy more from South America, but without result,

In

this way Japan's positive trade policy is encompassed with all sorts of difficulties. LOW WAGES AND EXCHANGE Mr. Yaaulawa Yunomke, Chair [3287 man of the Board of the Mitsui

5.Although starting later than is necessary that this people should the senior nations of Europe and be determined to resist and repel America in modern industry, Japan all unjust, foreign pressure in the has, on the other hand, enjoyed great belief that to supply gond the privilege of adopting the most products at low prices by means of advanced and newest type of me rational management of industry is chanical equipments and competing to promote the cause of civilisation with the old-style industry of the and the general good of the human senior nations;

rape.

15th Mar

+ Passezgar Vossel. Limited Passenger Accommodation.

5. "BREMERHAVEN" 3rd March to HABAUL, HONGKONG/SOUTH SEA ISLAND SERVICE.

TULAGI and porta

For farther partioplars and pessage fares, etc, apply to: "HAMBURG AMERIKA LINIENORDDEUTSCHER LLOYD

MELCHERS & CO.. JERSEN & CO., AGENTS,

Qu'en's Building, Tel. 96778. AGENTE-;

CANTON

12, Pedder Street, Tel. 28883,

CARLOWITZ & CO., Shakee Road, JERSEN & OU., Shameen, BO