1938-01-04 — Page 13

HAMBURG-AMERIKA LINIE

Far Eastern Mail, Passenger & Freight Service

Through hooking to America via Europe and Europe via America. Bookings "ormnd the world. Through bookinge to London,

OUTWARD SAILINGS * .v. " KUI MERLAND" for Yhapa, Nagoya, Kobe, Osaka,

10th Jan. Dairen. Tinging...... . ** * *.*.“ TIRPITZ!"... ... for Yama, Nagoya, "Kobe, Onaka,

14th Jan, Moji, Dairen

sib Jan.

"NORDMARK ".... for Yama. Nagorn, Kobe Osaka,

Daire, Tsingtao........ HOMEWARD SAILINGS "ASSUAN for Mur, Rotterdam, H'burg...... 8th Jan, 45 MECKLFNBURG"...for Mars., R'dam., Hamburg.. 19th Jan. *Freighter with Passenger Accommodation,

For further particular and passage farra, etc, apply to:- HAMBURG-AMERIKA LINIE

JEBSEN &00 AGENTO.

12, Pedder Strent. Tel. 28363,

* CANTON (GENTS: CARLOWITZ & CO., Shakee Road.

MAERSK LINE

Pas rezulr FREIGHT and PASSENGER SERVICE

TIB

JAPAN

LOS ANGELES, PANAMA, NEW YORK, BOSTON, PHILADELPHIA & BALTIMORE.

If salcient induerment offers also other porta of call.

Arrivals from 17 8.A.

25th Jan.

M.V. "ANNA MAERSK"

...M.V. "TRITON"

Sailings, to U.S.A.

27th Jan."

All dates are subject to alteration without notice.)

·EXCELLENT ACCOMMODATION FOR PASSENGERS'

AT MODERATE RATES.

For Freight and Passage please applyzet u

JEBSEN & CO.

Canton, Shandon, B.C.

TC 10016.

Agents.

Hong Kong, Padder Building

Tel. 28363,

S.S. "BENMACDHUI

or

Sailing for L'ONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on About the 9th January, 1938.

Cargo will also be accepted on through Bill of Lading to the usual transhipment ports,

Tal. 2:531

JANZ

For Pragaland Passage apply to:---

CHINA

PA

W. R. LOXLEY & CO. (CHINA) LTD.

York Building, Agentë: THE BEN LINE STEAMERS, LTD.

VISIT BALI AND JAVA

Special Bound Trip Fares 1st Class Hong Kong Hong Kong Java...

HK$400. or HK$455, Hong Kong-Bali-Java-Hong Kong HK$500,00

Ratos Including Maintenance wrd Tours Ashore can be back on application. NEXT SAILINGS

TO. BATAVIA DIRECT' 5.B. "TJISAROEA" 11th Jan., 1988 TO BALI AND JAVA ̈ TIK MANILA & MAKASSAR:

m.s TJISADANE" 4th Jan., 1988.

For further information apply:

Java Chinn Japan Line, Canton H. Nolasco da Silva, Esq., Macao

JAVA-CHINA-JAPAN LINE Tork Building

MODERN

Tai, 28018.

LIJI EXPRESS SERVICE

HONG KONG DAILY PRESS, TUESDAY, JANUARY 4, 1938.

FAIREY AVIATION

Annual Report

The report for the year ended September 30 of the Fairey Avia Hon Company, which quite unex- pectedly declared recently an Increased dividend of 121 per cent, shows net proâts of £248,178 which is more than four times the net profit of the preceding year. The figures. However, are arrived at after an unspecified allowance for depreciation slace, as in pre- vlous years, the allowance is not disclosed.

The balance-sheet a year ago showed £544,373 in stocks and work in progress, which is now shown substantially lower

at

PHILIPPINE MINING

NEWS

PARACALE-TIGB, MINING CO.,, firm who has just arrived from Inc. has recently acquired two an inspection trip in the mines re- groups of manganese, property ported that an extensive and in- located in Panguiranguan and tensive exploration and develop- Calumpang. Masbate. The newly ment work is going on in the pro acquired property has 50 claimsperty. He said that more than 30.

each under

group. Marciano labourers are carrying on the work Santo Domingo, treasurer, declar-in the mines.

the corporation will PARACALE TUMBAGAGA. "MIN- ed that develop, the two groups of property ING Company, Inc., announced that

myalty under

basis. Ernesto Luis B. Montero, mining engineer,

tor recently

Mambulao. Sarangay, a mining engineer will fert hake over the supervision of the Camarines Norte, to check_up_the progress of the diamond drilling work, it was learned.

work in the mines.

Mariano Flores president of the

£351,308. against which there is RAYON TRADE IN SINGAPORE TO

Cash

-100

shown rather more than responding expansion in sums due by subsidiaries.

balances have risen to £79,685: An amount of £284 667 is "available for dis- tribution, out of which a transfer of £35.000 is made to general re- serge, making that reserve £140.- 399, and the provision of £85:500 for taxation

with compares £18,000. The dividend of 12 per cent now recommended will take a sum of £125,344, leaving £38,823 to be carried forward.

The directors report that the profits of two of the subsidiary companies have been included in the accounts to the extent of

JAPAN

Overproduction

The steps which the Japanese Ministry of Commerce and Industry is taking to adjust the cotton and the wool

to present war-time conditions have been referred to several times in these notes recently, and it now appears that the rayon Industry is receiving its attention.

textile industries

ACQUIRE RARE COLLECTION?

A unique opportunity to acquire for Raffles Museum a valuable collection of old Malayan prints and books, placed recently on the London market, is being seized by the Friends of Singapore, at the suggestion of Mr. Roland 'Bradell, the vice-president.

The council of the society has decided to open a fund for the Rayon seems to require special purchase of the collection, which dividends receivable, and that the treatment, and the Japanese Gov-is at present at the Museum on profit of the third subsidiary com-ernment. as a result of the glut of approval, and about $4,000 will be pany has been deducted from the rayon in the market. is considering.needed for this purpose.

A

debit balance of the profit-and-] according to Reuter, the advisabl- The collection contains over 10

loss account carried forward by lity of enforcing a system of com- that company.

1937. 1036. 1935.

$..

pulsory mixing of silk and cotton engravings. Withographs; acqua- with rayan, and has also resolved tints. original drawings, water- to induce rayon producers to scrap colours, penal drawings, prints Net profit ...248,178 60 176.39,112 | their old machines, meanwhile and maps

allowing them to curlail production

There is an Brought

acquatint of a forward 38,488 33.438 37,200 | radically. It is not yet known Malaya village from 1810 and. a Available 284.667 93,614 76.312, whether the Ministry will introduce care panoramie sketch of Prince Provision for

regulations similar to those for the of Wales Island from 1821. There taxation 85,500 -19.000 23 500 compulsory mixing of staple fibre is an old engraved map, of the

To general

reserve 35,000

Dividend

Dividend

Carried

in woollen goods, but it evidently Strälts of Singapore with those of desires to Avold any legislative Durlon, Saton, and Mandol. dated 125.344 38125 19,375 | step and hopes to induce pro- | 1701 and 18 fae water-colour ducers to conduct such control; drawings, Including the mĉecourse, per cent 121 10 5 voluntarily.

the church, court, and 'Custom The present position is that House and part of the new harbour forward 38.823 36 480 33.438 there is production curtaliment on of Singapore: also a large coloured the ane hand and plant expansion lithograph of Singapore from on the ather. The Intention is to Mount. Walllch of 1850... Induce producers to scrap old and

Fort Marlborough in Sumatra superannuated plants rather than under British rule, the Honourable to suspend extension schemes East India Company's ship Lord already in hand. In the beller that Lowter. the Jetty, Fort Cornwalls. such an arrangement will conduce | Prince of Wales Island, Cape to higher emciency and lower Ricardo, anclent gateway leading coste of production."

to the water at 'Malacca, arg" also represented with many other views In the collection:

WAR AFFECTS TRADE

Big Drop Noted

POOR SALES According to investigations by the Ministry, the stock at Japanese

The latest Monthly Bulletin on Statistics issued by the League of Nations, brings out most vividly the disastrous" effect of war on international trade and world economy. To the events in the Farwarehouses alone is about 40,090,- East is attributed a drop in the Foreign trade of China and Japan.

In terms of gold dollars, China's Imports fell from $21,000,000 in July this year to $6,000,000 in August, and $6,000,000 in September and While her exports fell October: from $15,000,000 in July last to $7,000,000 in August, $8,000,000 in September and $5,000,000, in Octo- ber;

has

to

There are some, 20 old books, a number of them, by Raffles or of 0001b. If the stock held by Japan- Raffles, with his autograph and ese mills and shops is taken into personal dedications. There are ad- dresses by him and presentation account it is obvious that the total quantity will be enormous. Last coples. The collection also includes summer the stock was less than his History of Java in five volumes 10,000,000lb. While it is true that inscribed by Edward Lear. this henvy Increase

been Travel books and manuscripts, a

selection caused partly by poor sales both

QI papers relating and the proceedings.. at at home and abroad it is also Borneo undeniable that the control of Barawak of James Brooke, first production has not been proceeding, Rajah, the adventures of For Japan, Korea and Formosa, properly, and so the Ministry has Reuben Davidger, 17 years captive imports fell from $60,500,000 in July decided to induce the Producers' amongst the Dyaks and many to $51.000,000 in August, $44,000,000 Association to rationalise its con others form part of this valuable In September and $41.000.000 introl. According to the plan drafted collection. October. Exports from Japan also fell, but not to such an extent as to require definite figures,

BAN ON LUXURIES

one

by the Commerce Department theThey cover surveys, descriptions, now average rate of curtailment journals, maps and monographs will be 60 per cent, against the from 1634 up to 1000 and one of existing rate of a little over 40 the earllest books of the 17th per cent. This will be the second century contains a Malay-English highest rate of curtailment enfor- vocabulary. ced in Japanese key industries, the

INTERNATIONAL

CURRENCY STABILITY *

Berlin, Jan. 2 Means of restoring international currency stability are treated by Dr Hjalmar. Behacht. German Minister without Portfolio, in a newspaper article: specifying the four necessary conditions involved: debts, raw materials, colonies and economic hostilities.

13%

PRESIDENT LINER SAILINGS

SAN FRANCISCO LOS ANGELES

via Kobe" and Yokohama.

S.S. PRESIDENT COOLIDGE Sails SATURDAY, January 8th, Midnight.......

SEATTLE AND VICTORIA

via Kobe and Yokobama.

S.S. PRESIDENT JACKSON

Sails FRIDAY, January

14th.

MANILA

S.S. PRESIDENT GARFIELD Sails TUESDAY, January 25th, 8 A M.

MOST FREQUENT SERVICE ON THE PACIFIC

DOLLAR • STEAMSHIP. LINES * AMERICAN MAIL LINE*

PÄUDER BUILDING-JONG KOND.

CANTON BRANCH -21, FRENCH CONORBATUR, SHAMSIEK,

-BURNS PHILP LINE

M.V. "NEPTUNA

Due 5th Jantary.

事橥

"PASSENGER & FREIGHT SERVICE TO AUSTRALIA

Sailing Sunday, 9th January for Saigon, Madang, Salamana, Rabaul, Sydney & Melbourne.

First Class Fare to Sydney:

Single: £47.10.0d.

Passenger & Freight Agents

Return: £76.10.0

GIBB, LIVINGSTON & CO., LTD. Telephone No. 28031.

P & D. Boilding. Joint Passenger Agents:-

Nippon Yusen Kaisha

King's Building.

CONSIGNEE NOTICES.

NOTICE TO CONSIGNEES

OCEAN STEAM SHIP CO, LTD. ORINA MUTUAL: STEAM NAVIGATION CO., LTD:

NONSIGNESS per Co's Vessel

"ANTENOR ***

AND

FROM UNITED KINGDOM

VIA BINGAPORE,

CONSIGNEE. NOTICE.

NOTICE TO CONSIGNERS

QUEAN STEAM SHIP CO., LTD.,

AND

CHINA MUTUAL STEAM. NAVIGATION CU, LTD.

NONSIGNEES për Co.'s Vessel.

TITAN"

FROM UNITED KINGDOM & CONTINENTAL FORTS TIA.

SINGAPORE**.*

It may be noted that the decliae in the imports to Japan, Korea and Formosa, while partly due to the thest being that for the cement present Sino-Japanese hostilities industry, 6 per cent. The actual may be regarded as the result of rate of curtailment under the the government. ban imposed on plan for rayon will be 55 per cent certain commodities which are not at large mills and 53.125 per cent indispensable to the daily life of at small mills. If, however, the the Japanese people. The small restriction of newly installed spin- decline in the Japanese exports nerettes is taken into consideration can be easily understood, when it the average rate will be about 50 is remembered that the world per cent. It is expected that this market for them has not been will bring the monthly output closed, and that even on the con- down to a little over 20,000,000lb. tinant a part of the North China the October output was 28,500, market is still maintained intact. | 0001B.

China's card is, however, dif-

in Japanese trade quarters it is ferent. On the one hand, the pro-estimated that assuming that the setudon of military operations on uture monthly output is limited more than one front on her soil, to 21.000.000lb. the supply will be must necessarily close many of her 21,800.000lb. inclusive of cupram- The time for a lasting organise- porta to trade, and reduce the need monium yarn, which is not at tion of international currency af- fer ordinary cimmbdities and her present controlled. It is estimated fair's will only come when the spirit purchasing power for others. On that 6,500,000, will be consumed of Versailles is overcome politically the other hand, the disruption of in the form of yarn every month and economically. This demands &

uniesu Koike has boon giran prior to❘ communication facilities from the and that some 16,000,000lb. will be settlement of the question of in- Steder meritat, but parried on from interior, not to mention the large woven. If so, there will be a draft ternational debts, better raw ma-pot po porno hk of call to

distribution, which for which scale destruction so evident everyou the stocks of 100.00015. a month. terial

All kamien, skaled and damaged where, has been responsible for the fudging, however, by the present Germany is linked up with the

to be luft la plet dödown where goods and to be

Taenday practical atoppage of trade with position of domestic and export necessity of the return of Oor- Will Barataited or somewhere they will be and w

Keskmices, on any the outside world.

contracts held by weavers, it is many's colonies, and finally the Fridays between the

abd

Tocadays, and, Fridezil. between, the doubtful whether the present con- termination of the general econn- 10,45 and Boow within the Tree hours of 10.45 am, and Nom within

Storage period be

the free storage period sumption will be maintained.

mie war.

are hereby nollfed that their Darko will be discharged Into Holts Wharf, Howbon, where it will folks Contiguoul" rak" and subject to Terme and Conditions of Storage, M. Holls Wharf. The Darge will be ready for Delivery from Godown on and aller 3rd Jan.

Optional Cargo wili i not be landed here

No Clums

are hereby noted this their cargo a will be discharged into Ho's Wharf. Kowloon, where it will lie al consignees' risk and rubject to term and condi- tons of storage at Holts Wharf The from Cargo will be reany for deliver

Optiona ano will not be landed. here, unless cotica haki kzbkn given prioz to steamer's arrival: bet carried on from part to port to the final port of call th #hubb the

FAIL

UNPROFITABLE WAR Another point to be noted is that

ka No. èlaims will be admitted alter the Dr. Schacht makes a strong plea Goods, bays left the Birm's Godown. Goode Bayerleff 116 steadier's Gotown, the Agures for imports of the two

for the gold standard, declaring and all Goode, ramasing undalivered and all Goods, remaining undelivered countries may or may not, bave in-

will be subject to cluded the purchases of arms and loss of life were to be calculated that no matter what the order ofter the 10th Jan, will be subject after the stb Jade

to lent. munitions. If not, these invisible in terms of dollars and cents, the world currenetes, it will always edAll Claims against the Bloomer must | Claims against the Steamer r

must importa," to borrow an economic wastefulness of it all will becothe rest on a göld basis, though whether be presented to the Undersigned on or expression, must have intensified self-patent. The war is less a test it will be possible to work on that before the 24th Jan, or they will Before the 18th Jan of Ding will nost

be recognised or the unfavourable balance of trade. of military strength than a race in the future without, binding not be recognised

of ternational, munniste will be effected

with BUTTERFIELD & SWILL

TTERFIELD SWIRE. trade alone, the Sino-Japanese wartime may not be far distant when tion which cannot yet be anawer- has been extremely udprontable for world opinion may yet prevail in ed

30th December, 1927. the two nations concerned. If the your of peace,

Reuter,

3rd Jan., 1988

Be

15860