1934-08-18 — Page 13

MAERSK

MINE

VICE

MAERSK LINE

Fast regular FREIGHT and

PASSENGER SERVICE

Tia

Shanghai, Japan, LOS ANGELES

and PANAMA

NEW YORK,

-to

HONG KONG DAILY PRESS, SATURDAY, AUGUST 18, 1934.

THE SHIPPING

SUBSIDY

Limited Aid Promised

#

Lord Rundiman recently stated that he has always been against subsidies of any kind, but. foreign countries have subsidised

BOSTON, PHILADELPHIA & BALTIMORE. their fleets against us, we would

!

If auffient inducement offers also other ports of call.

Sailings to U.S.A.

25th Aug. tist Sept.

Arrivals from U.8.Ä.

29th Aug.

***

MY. "NIEL MAERSK " · M.V. "ANNA MAERSK" (All dates are subject to alteration without notice.) EXCELLENT ACCOMMODATION FOR PASSENGERS

AT MODERATE RATES,

For Freight and Passage please apply-

JEBSEN & CO.

Canton, Shameen, B.C.

Tel 10916.

Agustu, Hong Kong, Pedder Bailding.

口吧

NORD

LLOYD

Tel. 28363.

HAMBURG AMERIKA LINIE " NORDDEUTSCHER LLOYD

FarEastern Mail Passenger and Freight Service

Through bookings to America via Europa and Europe via America: Bookings around the world; — Through bookings to ̈ London. * ̈·

OUTWARD SAILINGS

+ (NDL) m.s." FULDA"............for Shai., Taku Bar, Dairon, Thingtau, T'bama., Nagoya, Kobe...

(HAL) m.v. "BURGENLAND"

(NDL) 5.8. "ISAR"

(NDL) &.." COBLENZ".....

*

43rd Aug.

for Shangbai, Taku, Dairen, Kobe, Osaka, Yokohama, Nagoya

30th Aug. for S'hai., Taku Bar, Dairés,

Tsingtan, Yokohama, Kobe... 8th Sept. for S'hai, Taku Bar, Daires, Tsingtan, Thama, Na«oya,

Kobe...

HOMEWARD SAILINGS

||

(HAL) 8.8.." NORDMARK" for Genos, Marteilles, E'dam..

*(NDL) s..." ALSTER" -

(HAL) m.v. "LEVERKUSEN"

(NDL) .M. DONAU

21st Sept.

Hamborg.........

22nd Aug. for Genoa, Marseilles, Oran,

Ram., Hamburg, Bremen...36th Aug.

for Gonos, Barcelona, R'dam.,

Bambury,

n

for Marseilles, Oran, Rotterdam,.

Hamburg, Bremen

+ (NDL) m... " FULDA".

6th Sept.

9th Sept. for Genon, Barcelona, Lisbon, " Dover, A'dam,,' R'dani, Hamburg, Bremen...

23rd Sept

+ Passenger Vossel. Limited Passenger Accommodation.

N.D.L. HONGKONG/SOUTH SEA ISLAND SERVICE.

5.5. "* BREMERHAVEN" 29th August, to RABAUI,

TULAGI and porta.

For further particulars and passage fares, etc, apply to:

HAMBURG AMERIKA LINIE NORDDEUTSCHER-LLOYD

JEBSEN & CO., AGENTS,

12, Fedder Strest, Tel. 28343,

MELCHERS & CO., AGENTS, Queen'ʼn Bailding,. Tel, 26378.

CANTON AGENTS : CARLOWITZ & CO, Shakee Rond,

JERSEN & CO., Shameen 0.B.

Hong Kong Weekly Press

&

CHINA OVERLAND TRADE REPORT

"The Weekly with the Yellow Cover "

SUBSCRIPTION RATES

LOCAL :— $13 Per Annum including Postage

80.50 8tx MONTES

OUT PORTS & FOREIGN:-

$18 PER ANNUM INCLUDING PostaGI $ 9 SIX MONTES

-ORDER FORM

THE HONG KONG DAILY PRESS, LTD,,

HONG KONG

DEAR SIRS,

PLEASE SEND THE HONG KONG

-WEEKLY PRESS FROM...........

To...

ADDRESSED AS FOLLOWS:

have to fight them. This view is very widely held by the shipping and shipbuilding interests, and by the public generally. The Mr. Runci- responsible Minister, man, in giving detalls of the which 'Government's proposals. have been discussed in the House of Commons stated that, the financial aid promised be limited to the sum of 2,000,0001., and that this assistance would be of # temporary nature, the authorities being, also particularly anxious that the money should not be dissipated in competition among our own shipowners, but should be used: as intended to fight the heavily subsidised foreigner and to regain as much as possible of the trade we have lost through unfair competition.

While the Government's pro- posals have been welcomed "by the

Com- Tramp Shipowners' mittee of the Chamber of Ship- ping, and co-operation has been promised to make them effective. it is pershaps not surprising to find that, as in the case of other industries, some disatisfaction has been expressed at the amount of the sum offered, and at the at- tached stipulations, having in view the magnitude of the ship- ping industry, and the financial assistance granted to other, and in some ways, competitive inter- ests. There is no magic about this particular sum, however, and, in accordance with experience, there la every probability that further assistance will be given. and the conditions modified, if required.

12

Scrap-And-Build Our readers will be more par- ticularly concerned with the de- tails of the so-called scrap-and- bud scheme, which is limited to tramp ships and general cargo liners; other vessels, such as re- frigerated ships, tankers, coasters. vessels carrying more than passengers, "and those" engaged in short sea voyages are excluded The Chairman of Lloyd's Regis- ter has recently pointed out that, while there is quite a fair amount of shipbuilding in progress, this consists mainly of vessels of the more specialised types. Owners Must scrap three times as much tonnage as they replace or mo- dernise, the vessels must be in effective British ownership, all work must be carried out in Great Britain, excluding however; Nor- thern Ireland, where the ship- yarda, have already benefited by the assistance of the local Gov- ernment. It has always been "a healthy sign of British courage and independence that a few of our shipowning firms made a practice of ordering ordinary cargo tramps at the slackest times, but, apart from some work of this type, very, very few ves- sels and cargo liners are under construction. As these form the bulk of our shipping, there can be no return to anything approa- ching prosperity in our shipyards until it is possible to place orders for tramp vessels to some con- siderable extent. “

British Ingenuity

For many years past it has been the general practice among Bri- tish shipowners to keep their fects well up to date, and the fact that our shipping as a whole la more modern than that of our foreign competitors is evinced from figures which show that 37 per cent. of British ships are un- der 10 years old against 40 per cent. of foreigners, 80 per cent. British under 20 years old against cent, foreign,” and only

69 per

7 per cent. British over 25 years -old against 21 per cent. foreign, We have previously pointed out that such statistics should be received with reserve,

as a considerable proportion of the older foreign tonnage has been effective. In view of this, and of the strangu Iation of international, trade, some, at any rate, of our ship- owners unfortunately seem reluc- tant at present to take advanté. age of the Government's offer to provide money on cheap terms to build new and up-to-date cargo vessels to replace three times the amount of obsolescent tonnage.

British ingenuity in recent years in improving the form, of cargo vessels, in devising new and lighter forms of construction, and in improving propelling machinery, has so accelerated the rate of progress as to tend. to" make propositions regarding

LONDON EXCHANGE RATES

18.10 Florine 7.414

523 9.

375 Drachme

(BRITISH WIRELESS SHAVICE

Oa Amsterdam Athena Belgrade

Sterling Parity Aug. 15.

Aug 18 17.421.

523 S.

231..

Berlin

Bombay

Brussain

Bucharest

Buenos Airen Copenhagen Genera

Paris

978,316 Dinars 221

90.49 Marks 12.85)

1 d. per Rupee 1/6 1/16

12.87)

1/8 1/16

21.431

504 -

33 Belgaa

21,41)

813,568 Lej

503

47.56d. per Paso 19.150 Kroner

381 8.0. 22.39

361 5.0:

22.394

26.22 Francs 15.40

15.414

2261

193.23 Marks 2263

19.90₫

1/8 7/18

5.001

19.90

Halaingfors Hongkong Lisbon Madrid Milan Montevideo Montreal New York Oslo

1/81

110 Escudos

1101

1101

25.98) Peintas

36 13/16

36 53/64

09.48 Lire

591

58 21/32

50.88d. per Peso

382 8.0.

331 8.0.

4.867 Dollars 4.807 Dollars

4.061

4.961

5.077

18.159 Kroner 194.21 Francs 164.93 Kronen

76 11/32

78 11/32

121 3/16

121 3/16

Milreis

44 5.0.

1/4 11/6

18.159 Kronor 34.56 Schillings 24.58d. por Yen

19.39 - 27

41 8.0. 1/4 11/16 19.39+ 27

1/2) -

1/21

211

Silver (forward) War Loan

21 9/18

34%. 1041

Prague

Rio de Janeiro...... 26.90d. per Gold

Shanghai Stockholm Vionns Yokohama

Silves (spot)

sima da 74% 3 %104 5/161

Closing Quotations

ON NEW YORK:-

Eank Bills, on demand 38) Credits, 60 days' sight.. 30). ON BATAVIA:~~

On demand ......... ON PARIS:-

་་

Bank Bills," en demand 6774

August 17, 1934

UN LONDON ¦---

Telegraphic Transfer... Bank Billa, on demand Bank Bill 4 months*

night

61

1/82

Credits, four months'

sight

ON SHANGHAI:-

ON SAIGON:-

On Demand

L021

On demand

ON MANILA:-

645

On demand

ON BANGIOE:-

1373

Ún demand

ON SINGAPORE:--

On demand ON JAPAN

On demand ON INDIA-4

Telegraphic Transfer... Bank, on demand

CANTON SILK MARKET

The Kwangtung Raw Silk Test- ing Bureau, Department of Recon- struction. Canton. China.

Canton Quotations

August 15. Extra O.S. 13/15 K3, $450N.. Small Extra 0.9. 13/15 H.K.

$370N.

Crack N.S. 14/16 HK, $300N. Extra Extra 20/22 HK. $290N. Waste N.S. Open H.K. $55N.

Yokohama Quotations.

August is.

Opening Yen 485 Bourse six months... Yen 493

Spot

New York Quotations

Credita, 4 months' sight 6'0'

ון

SOVEREIGNS, Bank Buying

Rate

1 BAR SILVER, per os.

13

PRESIDENT LINER TRAVEL SERVICE

is the Same on Land and Sea

Dollar Steamship Lines and American Mail Lina offices and agents throughout the world reflect the friendly atmosphere that makes travel on President Liners first choice of so many people...And you are urged to take advantage of their com plate service wherever you may be. Let us help you plan your hip. Then let the offices and argents on your route serve you.

ง

To SAN FRANCISCO 18 Days Te VICTORIA, SEATTLE 17 Days

via Shanghai, Kobe,

via Shanghai, Kobe,

Yokohama, Honolulu.

Fortnightly dailings*~~ Prea. Taft Aug. 20, 6 am. Pres. Coolidge... Sept. 8, Noon Proe, Pierce Sept. 3, Midnight Pres. Hoover ...». Oct. 4, Noor, Pros. Wilson..Oct. 28, Midnight.

EUROPE, NEW YORK

Inquiry for round-trip ticket to Europe" in connection with Lloyd Trestizo. Via Manila, Singapore, Penang, Colombo, Bombay, Snax Canal Alexandria, Naples Genos, Marsailles.

Pres. Folk....Aug. 18, 3.m. Pres. Adams.....Sept. 1,8 m. Pros. Harrison...Sept. 15, 8 am, Proa. Haye...Sept. 39, 8 .. Pres.. Johnson..... Oct. 13, 8.19.

Yokohama

Fortnightly railings

Pres. Grant Aug. 18, 6 a.. Pres. Jefferson...Sept 18 a.m. Pres. Jackson... Sept. 15, 6 a.m. Pres. McKinley.Sept. 28, M'night Pies Grant. Oct. 12. Midright

MANILA

THE MOST FREQUENT SERVICE

Next Sailings

Pr. Folk........ Aug. 18, 8 m. Pres. Taft Aug. 21, 6 p.m. Pres. Jefferson Aug. 25, 8 pm, Pres. Coolidge Aug. 30, 0 pm. Prem Adame... Sept. 1,8

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

PADDIR BUILDING-BONG KONO,

CARTON BRAXON :—4, SHAKER Zoan,

471

704

1937

213

CONSIGNEE NOTICES.

BERLIN SHARE MARKET

Uneasiness Caused By Rumours

[Special to the "Hong Kong Daily Presa" (Copyright.}]

Berlin Aug. 16, The sharemarket on Thursday was not uniform but chiefly cha racterised by the repurchase "by investors of shares sold earlier in the week, owing to uneasiness caused by certain rumours that had since proved groundless. The Increased production of iron and steel in July had a favourable ef- fect on buying.

Though the burnover of the fix- ed interest securities was not great, the tendency was upwards. Call Money 4 to 41, Young Loan unchanged at 93, Reichsbank in proved 13 to 155, Dyetrusts a bet- ter at 147, Balzdetfurth Potash rose, 1 to 155, German Steel Trusts Improved 4 to 411, German Mineral Olls advanced to 115, Siemen New York Quotations are obtain-shalske 1 firmer at 142) ed through Courtesy of American Bemberg Rayon jumped 2 at 664 Oriental, Corporation.

September December February

August 15.

Bid

Ask 1.124 1.13 1.16 1.164 1.16 1.161

-French Review

Several French warships have arrived in the vicinity of"Chushan Islands where they are bolding their annual review.

Information from the Foochow district harbour anthorities warns vessels that the upper part of the harbour, southeast of Pagoda Rock Beacon, has silled up and that the channel on that side of the beacon has narrowed greatly. Vessels pro ceeding to anchorages at Mamo! are warned to use the channel be- tween Pagoda Rock Beacon and Losang Island: It E also to be

Transocean Kun Min.

and

REICHSMARKS QUOTA-

TIONS

[Special to the "Hong Kong Dally Press" (Copyright.}]

Berlin Aug. 15, Reichsmark quotations (without guarantee);

New York Paris

Amsterdamé Paris Sterling Dollar Transocean Kuo Min.

39,47

92.93

57.65.

78.34 15.0225

NOTICE TO MARINERS'

|

NOTICE TO CONSIGNEÈS

OCEAN STEAM SHIP OO, LTD. AND

CHINA MUTUAL STEAM NAVIGATION CO., LTD.

JONSIGNEES per Co.'s Versel

"HECTOR"

CONSIGNE

FROM UNITED KINGDOM

|

A BINGAPORE, are hereby notified that their cargo will be discharged into Holt's Wharf Kowloon, where it will lie at Consig. nees' risk and anbject to terms and conditions of storage at Holt's Wharf. ? The Cargo will be ready for delivery from Godown on and after 17th Aug,

Optional cargo will not be landed here, unless notice has been given prior to stesiner's arrival but carried on from port to port to the final port of call to which the option extende

All broken, chafed, and damaged goods are to be left in the Godowns, where they will be examined on any Tuesdays and Fridays between the hours of 10,45 AM. and Noon within the free storage period.

No claims will be admitted atter the Goods have left the steamer's Godown, and all Goods remaining undelivered after the 23rd Ang, will be subject to rent.

All Claims against the Steamer must be presented to the andersigned on or before the 6th Sept, or they will not be recognised.

No Fire Insurance will be effected. BUTTERFIELD & SWIRE,

Agenta.

17th August, 1834.

18780

SNOTICA TO CONSIGNEBES

OCEAN STEAM SHIP OÖ, LTD,

A370

OHINA MUTUAL STEAM NAVIGATION CO, LTD.

YONSIGNEES per Co.'s Vemal

ARON" FROM NEW YORK MANILA are hereby notified that their Cargo will be discharged into Holt's Wharf, Kowloon, where it will lie at Consignow risk and abject to Terms and Conditions of Storage at Hoff's Wharf. The Cargo will be ready for

noted that the black painted spar Mutlab Light Vessel Replaced Delivery from Godown on and after

buoy which marked the 'shoal west. of Pagoda Rock Beacon has been removed and will not be replaced.

new construction more attactive that formerly, and no doubt the Government had this in mind. when formulating their proposals. to assist the building of ordinary trampe and cargo lincre

The Government still maingain that useful help can given in the form of help for new construc- tion, and it te sincerely to be hoped that, for the benefit of all concerned, and of our crippled. conditions will soon develop such as will tempt shipowners to place new orders in appreciable quan- titles

I

The Harbour master has issued

16th Aug

|

CONSIGNEE NOTICES.

CONSIGNEES' NOTICE.

THE BEN LINE STEAMERS, LIMITED.

:

Faux LEITH, MIDDLEBRRO', ANTWERP, LONDON AND STRAITS.

The Steamship "BEN WYVIS."

TONSIGNEES of Cargo are hereby

-informed that all Goods are being landed at their risk into the hazardous and/or extra hazardous Godowns of the Heng Kong and Kowloon Wharf and Godown Co., Ltd., whence and/or from the wharves Delivery may be obtained. No Clama will be admittal after the Goods have left the Godowns, and all Goods remaining undelivered after the 2tod Aug., 1934, will be wabjest to Rent.

All Claims against the Steamer must be presented to the Undersigned on or before the 5th Bept., 1934, or they will not be recognised.

To comply with the General Bonded Warehouse Regulations, consignees must; have a Revenue Officer in attendance when damaged dotiable goods are examined.

A broken, shafed and damaged Goods are to be left in the Gedowns, where they will be examined on the 21ts Ang, 1934, at 10 am by Mears. Goddard & Douglas.

by

No Virs Insurance has been affected. Bill of Lading will be countersigned

GIBB, LIVINGSTON & Co., L.,

Agente, Hong Kong 15th Aug., 1934. [4778

SERVICES CONTRACTUELS DES MESSAGERIES MARITIMES.

be

CONSIGNEE "NOTION

8.8. "ATHOS IL“

ARXIVED HONG KONG on 'EUNDAY, ræv 19TH AUG., **934...

From MARSEILLES, ko. YONSIGNEES · of Cargo by the above-narad Steamer are hereby informed that their Goods, with the #xception of Oplam, Treasars and Valu ables, are being landed and placed. at Kong and Kowloon Wharf and Godow their risk in the Godowas of the Hong Co., Ltd., Kowloon, whence Delivery can anlas Kosos has been given prior to Goods not cleared within 7 days, in-

Optional Cargo will not be landed here obtained se the Goods are landed Steamer's arrival,, but carried on from cluting date of arrival, will be subject to port to port to the final port of call to Bent which the option extenda, aged before Wodreda, 21 Acer All Claims must be sent to the Under All broken, shafed and damaged Goods 1994, or they will not be recognised. are to be left in the Godowns, where they will be examined on say Tuesdays

Damaged packages must be loft in sad Fridays between the hours of the Godowns-for examination by the 10,45 AM. and Noon within the Free Consignees and the Company'↑ Bur- verorn, Messrs. Goddard' & Douglas, at Storage period.

10 am on Friday, the 17th Aug, 1934

notice to mariners to the effect that with reference to Notice to Mariners No. 10 of he 25th Jan- May 1934, the Mutlah Light Vessel has been replaced on station and is showing a light of the same characteristic as before namely a group Flashing White light, of two fashes every thirty seconds;

Pending an improvement in the weather conditions, the light will show temporarily-A Flash of 21 seconds, an Eclipse of 7 seconds. A to Bent Flash of 21 seconds and an Eclipse. of 18 seconds.

Further notice will be given when the light is working at its origins! period of Flash of 34 seconds, Eclipse of 24 seconds, Flash of 31 seconds, Eclipse of 221 seconds,

ام

No Claims will be admitted after the Goods have left the Steamere Godows, and all. Gorla remaining undefined Offer in attendance when damaged after the 2nd Ang, will be subject inilable good examined by the Consigue mast bursa Kereme

Company's Burveyors

To Chalias will be admitted after the Goode Frane lata t

No Fire Kumarande

All Olaims against the Steamer mast be presented to the Undersigned on DY before the th Sept, or they will not be recognised,

*No Fire Insurance, will be allasted f

„BUTTERFIELP & BWIRE,

18th Aug 1994

will be

OHL

Agent.

Hong Kont, 18th An