1934-08-01 — Page 13

1J

*

THE

WORLD'S GAZE

TURNS POLITICALLY, ECONOMICALLY, ARTISTICALLY TOWARUF

JAPAN

Where Oriental charms are joniously preserved intact anide

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ATAMI :-

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Hotel rates for Single rooms (without baths, including meals.

Y 12.00 an incities sad some popular rawart.

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Length 787 Feet.

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Length on Blocks 750 Feat.

Depth on Centre of

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1

Kong Weekly Press

If Gossip We Mast:

"Prudence" At. Repulse Bay.

Coroner Disagrees With Jury..

Funds Needed For Hospital.

Week-end Sport Results:"

Swimming, Tennis and Bowls.

THE WEEKLY WITH THE YELLOW COVER.

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Orders should be sent to the

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11, Iog Houen STERİL

HONG KONG DAILY PRESS,

QUOTA IN THE

COLONIES

Lancashire Or Japan?

iSpecial Air Mall Service)

London, July 15.

The Penang Chamber of Com-

WEDNESDAY, AUGUST 1, 1934.

LONDON EXCHANGE RATES

(Broom WiRKLESS' SHKVICK.)

On

Sterling Parity

July 85.

7.45

July 18. 7.45

Amsterdam

12.10 Florina

Athens...

375 DrachmKA

$35 S.

525 5.

Selgrade.......

221-

221

Berlin

Bombay

Brussels

Bucharest

Buenos Aires Copenhagen Geneva

merce on June 5 passed the follow- Helsingfors ing resolution by the casting vote

Hongkong

of the chairman:-"That in the Lisbon opinion of this Chamber the intro Madrid auction of a system of quotas to

Milan mit the importation of foreign Montevideo plece goods will interfere seriously antreal with the entrepot trade of the New York colony and that the Government

Oslo the be asked to advise

Colonial

Paris Office that such a system is not

·Prague applicable to the colony."

The speeches (reported in the "Pinang Gazette") showed a strong conflict of opinion.

The chairman, Mr. B. G. H Johnson (Boustead and Co.), urged of that the Singapore Chamber Commerce should be supported in opposition to the quota He spoke of the importance of the entrepot trade and said: "It is extremely doubtful whether the imposition of a quota would benefit Marches- and, ter to any inarked extent though we sympathise with their troubles, we must also remember that the imposition of a quota would probably have the effect of Increasing the cost of living in Malaya. I fear also that the im- position of a quota on textiles would in course of time be follow ed by the Imposition of quotas on various other articles".

276,316 Dinari

20.43 Markı 13.11

is. 6d. per Rupee 1/6 1/18

33 Belgaa 21.56

913,388 Lei

505

47.58d. per. Peso

18,159 Kroner

18 8.0. 22,394

25.294 Francs 15.48

183,23 Mark 2261

13.11

1/8 1/16

21.54

505.

981 9.0. 22.39+

15:45)." 3282

"1/51

1101

382 5.0. 4.96"

5.031

19.90)

76 15/32 121

1/5

110 Escudos 110 95.99) Pesetas 92.48 Lire

382

36 29/32

Rio de Janeiro

50.88d. per Peso 4.867 Dolları 4.807 Dollars 18.159 Kroner 1.21 Franc 164.25 Kronen 28.93d. per Gold Milreis

58 25/32 381 S.O.

583

4.962

5.041 19.391

76 15/32 121

4 5.0. 1/41

19.159 Kronor 34.55) Schillings

19.901

44 5.0. 1/4 3/16 19.391

27

27"

............ 24.55d. per Yen

1/21

1/26

201 201

21% 34% 104||

Shanghai Stockholm

Yokohama Silver (apot) Silver (forward) War Loan

UN LONDON:-

Closing Quotations

July 31, 1934.

Telegraphic Transfer... Bank Bills, on demand 1/51 Bank Bills, 4 months'

ight

ON SHANGHAI:-

On Demand

ON SINGAPORE: ***

Mr. Palgrave Simpson (Presgrave and Matthews) said Singapore en-Ox joyed 92 per cent of the entrepat trade of the colony. Penang had Os therefore only 8 per cent or pro- bably less. Was that "8 per cent worth fighting for and endeavour- ing to object successfully to the imposition of quotas? The ques- tion might be asked, "What has Lancashire done for us?" Lanca- shire had paid in the past and was paying now a large part of the cost of the navy, upon which they relled for protection.

tionals."

| Os New YoEK :—

20+

201

34 104 3/16

Bank Bills, on demand.367 Credits, 80 days” sight.. :el ON BATAVIA :—...

On demand

ON PARIS:

Bank Billa, on demand 5771 Credits, 4 months' sight (90

552

Credits, four montha'

sight

1/6)

ON SAIGON:-

110

On demand

ON MANILA-

62)

On demand

ON BANGIOK:—"

122)

On demand

(27)

SOVEREIGNS, Bank Buying

Rate

1962

BAR SILVER, per ok

1/8 2016

..

On demand JAPAN:- On demand INDIA: Telegraphic Transit... Bank, on demand ag

JAPAN AND HER EXPORTS

The Misuse Of Statistics

O

JJpanese

}

(Special Air Mail Service)

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at

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are

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13

To SAN FRANCISCO 18 Days To VICTORIA, SEATTLE 17 Days via Shanghai, Kobe, via Shanghai, Kobe,

Yokohama Yokohama, Bonolulu

Fortnightly sailings Pres. Cleveland...Aug. 1, 6 IU. Pres. Hoover...... Aug. 11, 5 a.m. Pres. Taft ...Aug. 20; 6 a.m. Pres. Coolidge... Sept. 8, None "Pres. Pierce...Sept. 5, Midnight.

EUROPE, NEW YORK

Inquire for round-trip tickets to Xurope ta connession wah Lloyd Triostino, Via Manila, Singapore, Penang, Colombo, Bombay, Snes Caral

Gam Alexandria, Naples,

Marseilles.

Pres. Garfield... Aug. 4, 8 a.m. Pres. Folk Aug. 189 am. Pres. Adams Sept. 18. Fres. Harrison, Sept. 1, 8.a.m. Pres. Hayes......Sept. 59, 6 am..

Fortnightly' sailinga

Sa..

Pres. Grant Aug. 18, 6. Pres. Jefferson...Sept. 1,6 a.. Pros. Jackina... Sept. 15, 6 a.02. Pres. McKinley.Sept. 28, M'night Pres. Grant... Oct. 12. Midnight

M

MANILA

THE MOST FREQUENT

SERVICE

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DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

PIKIR BUILDING. HONG KONG

CANTON BRANCH:-4, SHAKES ROAD,

il

CONSIGNEE NOTICES.

NOTICE TO, CONSIGNEES.

OCEAN STEAMSHIP GO., LTD. AND CHINA MUTUAL STEAM NAVIGATION CO., LTD.

YONSIONERS per Co's, Vessel

TANTALUB”

also at their

CONSIGNEE NOTICES.

SERVICES CONTRACTUELS DHS

be

MESSAGERIES MARITIMES.

CONSIGNEE NOTICE

|

8.8. " D'ARTAGNAN,""-

AVID HONG KONG ĐÀ "SUNDAY. TH 297 JULY

1834

Goods not cleared within 7 days, in-. cluding date of arrival, will be subject to

All Claim maí le vent to the Under-

signed before Today, 7th August,

1934, or they will not be recognized,

Mr. J. O. Davis (J. O: Davis and Co.) said it had been stated that there would be no substantial gain. to Lancashire. If they worked to 20,000,000 yards' more оп British

for responsible for the expanding ex- of interest points Imports British, ocean-going stea-

FROM SEATTLE, VANCOUVER mers would earn at least £12,500 followers of Japan's trading comport trade. The cause, they, say.

AND VICTORIA YA JAPAN more in freight. They would petition emerged from the delibera-in effect, has been Japan's econo

From MARSEILLES; Do are requested to take Delivery of Flour approximately provide work for tions of the International Labour mic progressiveness as contrasted 4,000 men who would earn $250,000, Conference at Geneva. The first with England's attachment to a

The improve and Lumber Shipments as soon as the

“MUNSIGNEES of Cargo by the “ the measurement of classical austerity.

Vensel in ready to discharge and aro

«bove-zam að Steamer are hereby and at the same time they would relates to

kereby notified that if their Lighters are informed that their Goods, with the be taking labourers off the dole Japan's exports. Both Mr. Yoshi-ment in Japanese exports is but a

azception of Upinm, Treasure and Val- and would save the British Govern- saka, one of the Japanese Govern small part of a much wider a not placed alongside the Vessel ar

ment delegates, and Mr. Asano, re-provement effected by Mr. Taka required, their Shipments will be disables, are being landed and placed at ment £150,000 on the dole.

employers, hashi's financial policy. Beginning charged into Holt's Wharf, Kowloon, at their risk in the Gedowns of the Hong Mr. R. P.

presenting Phillips (Brown

their expense Tisk and expense and Kong and Kowloon Wharf and Godown „, Ltd, Kowloon, whence Delivery DAI Phillips, and Stewart) said: "Those contended, with show rather of in June, 1932, Mr. Takahashi ex-

subject to the Terms and Conditions of htained at the Goods are landed. who have Japanese business now patriotic zeal than scientific expanded credit by raising the adu probably will not keep It. Sooner actitude, that Japan's exports had clary issue of the Bank of Japan Storage at Holt's Wharf, Steamer will 120,000,000 to 1,000,000,000 commence Di-charge on the 31st July. without intermission Or later, probably sooner, the contracted

General Cargo will be discharged into Bent. far as export ren. and, by borrowing to cover the Japanese will take care that their since 1929, "So trade is handled by Japanese ma- trade, is concerned," said Mr. | resulting Budgetary deficit, launch Bolt's Wharf, Kowloon, where it will lie Asano, "the total volume has fol-ed pubile works on a scale of which Consignees risk and subject to the

Term and Conditions of Storage only Sweden and the United States Holt's Wharf. The Cargo will be ready Mr. E. Reimann (Henry Waugh lowed a downward path. Accord ond Co.) advocated protection ing to statistics prepared by the know the like. If Britain wishes for Delivery from the Godown on and against "unfair Eastern competi-League of Nations, Japan's export to foil exporting Japan let her. Itter 31st July,

All becken, chafed, and damaged Goods to is suggested with sarcasm, do like- amounted

are to be left in the Godowns, where they tlon" and mentioned imitation of trade

will be examined on any Tuesdays and designs, trade inarks, and marks $970,000,000, whereas in 1933 the wise.

In confirmation of this point Fridays between the hours of 10.45 .. of origin. "We have Japanese amount was only $368,000,000."

belittlement of statistics are adduced purporting to and Noox within the Free Storage period. matches made in Sweden,” Japan- This

No Ulaims will be admitted aftar the ese cutlery 'made in Bolingen. and Japan's exporting progress is trace-show that industrial production Japanese bicycles 'made in Birable to the character of the statis has increased proportionately much Goods have left the Vessel's Godown, and All General Cargo remaining undelivered The League of more than exports." The 1925 After 7th Aug, will be subject to Bent. mingham. It has been proved in tical

All Claims against the Vessel mast practice that it is very difficult to Nations figures are given in terms volume of industrial production set at the right transgressors, and of Trilted States dollars of bre- and quantity of exports both be-be presented to the Undersigned on or when you do get them punish-devaluation gold value. The deg equated to 100. production had before the 21st Aug., 1934, or they will

not be recognised, ments are not severe enough incime, however into the dollar's increased by 1933 by 28.4 per cent.

No Fire Insurance will be effected. stop the nuisance. The most un-value, coupled with the rising yen and exports by only 128 per cent.

BUTTERFIELD & SWIRL

Agenta. fair means of competition to my price-levci of Japanese exports. By January, 1933. the production

index had risen to 117.2, whereas 31st July, 1934. mind are infistion and exchange makes the real situation much

the export index had fallen to 96.9. control or manipulation. which different from that delineated by

to be seem

outside all known Mr. Asano. Valuation in yen or In December ci that year the in economic laws.

metric tons shows what service the dices stood respectively at 138.1 "It is said that the cheaper the League's figures may on occasion and 121.7:- goods the cheaper the

ir 1929

naïve

source.

living.be to Japanese debaters.

Labour can well afford the dif- The latter two series of figüres ference in price. Wages have are taken from the Monthly Re- 1928 gone up constantly during 1833 port of the Tokyo Chamber of 1933 and are almost back to preslump Commerce and Industry.

days, wheri cotton goods were on

a much higher basis. In 1928 or

Value of exports

.. Value

Quantum

Industrial

Quantum

[2743

NOTICE TO CONSIGNEES

production of exports. | OCEAN STEAM SHIP CO. LTD.

mill

dinary prints, were, costing much above 20 cts. on an average, and as Government is insistent on re- turning to the pre-slump wages

basis for labourers the latter wil 1929

be well able to afford the differen- | 1930

ce in price which will have to be 1931

puld for Manchester goods.

Lancashire Critics

Mr. H. W. Esson (Guthrie and

Co) said that taking Japanese

1932

exports (metric tons)

114,1" 103.0

112.8

124.2 107.4

100.0

100.0

128.4

"1

·117.2

112,8 96.0

2

115.0

07.0

3

5

$29.9 126.4 130,6

119.9

000.

7

517

126.0 130.4

708.4

1.518.5

521

9

129.8

123.7

388.2

1,179.2 1,457.2 1,931.5

441

10

137.6

113.0

496

11

609

12

in old USA. of exports gold-dollars in terms

** 000.000.

... $96,8

·547.0

| 1933 ... 365.9

of Jen." 2,217.6

The Rise In Exports

piece-goods against the European, cause of this advance in exports.

the Japanese article was, quality for quality, much better in value.

The second point concerns the

Not only Mr. Yoshisaka and Mr. Asano but also Japanese econo

139,4 138.1

122.4.

At first glance the point would appear, therefore, to be sustained. as the Director of the Internation al Labour Office admitted in big reply to the speeches upon his re-

· AND CHINA MUTUAL steam NAVIGATION CO, LTD,

JONSIGNEES por Co.'s Vessal

MENTOR"

A The option extends.

|

Damaged packages must be left in the Godowns for "enmination by the Consignoos and the Company's Bar- reyor, Messrs. Goddard & Douglas, at 10 am, on Friday, the 3rd Ang, 1934,

Consignees must have a Bevense Officer in attendance when damaged. Intiable goods are examined by the Company's Surveyors,

No Claims will" be admitted after, the Goods have left the Godowns.

No Fire Insurawar will be effected by

da in BUT Game whatever,

+

B: OHL

Agent Song Kime, 28th July, 1954,

SILVER LINE.

NOTICE TO CONSIGNETS

FROM

[3827

NEW YORK LOB ANGELES

THE Motor Voel

"BILVERCY FRERS 15 FROX UNITED KINGDOM

baring arrived from the above Port on VIA SINGAPORE..

29th July, Consigness of Cargo zre are hereby notified that their cargo hereby informed that their Goods are will be discharged into Holt's Wharf Kowloon, where it will be at Consig being landed at their risk into the Godowns of Hong Kong and Kowloon nees' risk and, subject to terms and Wharf and Godown Company, Limited, conditions of storage at Holt's Wharf Kowloon, and stored at Consigness risk The Cargo, will be ready for delivery and expense. 118.3 from Godown on and after 30th

Optional cargo will not be landed All broken, cha fed, and damaged Gende 121.7

here, unless notice has been given are to be left in the Godowns, where prior to steamer's arrival but, carried they will be #ILoited bu. Friday, on from port to port to the final port 3rd August, 1924, at 10 am, tứ of call to

All Claims must be presented within chafed, and damaged 16 Days of the vestel's arrival here goods are to be left in the Godowns, after re He thought that Lancashire han ristis generally have sharpened sport. But closer scrutiny of the where they will be examined on any cognized,te they canet be

Tuesdays And Fridays between the not tackled the question as suc

new dialectical weapon to contes: Agures for 1933 reveals that, while hours of 10.45 AM. 800 NOOK "Gooda hava left the Godowns, and al cessfully as others had. On the the view that either low wages or production advanced during the other hand there were British exchange depreciation, has been course of the year 20.9 points, ex- ports moved up by 24.8 points, the goods which were holding "their own. There

equivalent percentages being 1783 certain were only

and 25.59, Between January and things" In which the Japanese could compete with them, and one ing to have guotas it meant that May of that year the production of those was plece-goods, Lanca- they could not have freedom of index.had risen by only 2.2 points, but the export index by the shire should try to reduce costs import into the colony.

astonishing number of 15.2. Statis rather than continue measures to put up the price

tically, then, the Japanese: havė not yet proved this their newest case,

Mr. E. Newbold (Eastern Smelt- ing Co.) said that if they were go

Mr. E. 3, Bennett (G. H., Slot and Ca) said that as far as he could see Manchester had done Hittle to help herself.

the free storage period.

within-No Claims will be admitted after the

No claims will be admitted after Good remaining undelivered after the the Goods have left the steamer's 6th August, 1834, will be subject, to Godown, and all Goods remaining Bent undelivered after the 6th Aug, will No Fire Insmares has been affected, be subject to rent.

- Bill of Lading will be countersig All Úlaims aguixat the Steamer must by you be presented to the undersigned on

FURNESS (FAB FAST), LTD.,. or before the 20th Aug, or they will. not be recognised by

No Fire Laurence will be effected. BUTTERFIELD & SWIRE

Agenhe

80th July, 1934.

Building

Dial 93165,

[1139] Hong Kong, 19th July, 1984.