1938-02-08 — Page 11

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HONG KONG DAILY PRESS, TUESDAY, FEBRUARY 8, 1938.

CHINESE PUZZLE

The Trade Balance

י וי

AIR PHOTOGRAPHS AID HUNT FOR GOLD

Ottawa, Canada-Keeping pace fatter covers much less territory with the times and the increasing but makes possible minutely de- demand for topographical and tailed and contoured maps. Pre- geological maps by the mining in-vious to 1922, the year in which dustry, may makers of the Mines aerial mapping was adopted, some and Geology Branch, Department 240.000 square miles had been of Mines and Resources, Ottawa, mapped on a scale of four miles are using airplanes extensively for to the Inch or larger, ninety per topographical survey work.

cent beltig in settled areas. Mapping by the time-honoured that year 480,000 square methods of ground survey is a slow have been so mapped, ninety-five and tedious process, and the task per cent of which was in unsettled of mapping topographically and country.

Since miles

Between them. Dr. Ho. M. Gig noux. and President Roosevelt set markets recently a triple problem in evaluation. For a time Chinese | bonds became almost nominal: the three months discount on forward francs went out to 1041.; dollar stocks rose above the New York parity. As usually happens, Arst impressions were partly modified later in the day. But it cannot be said that the markets really knew where they stood even at the close. | geologically the 31 million square Such topographical maps аге M business.

miles comprising the Dominion of jused extensively by prospectors The

movement in the China Canada is no small undertaking and exploration companies, as are Four-and-a-Half per cent. bands

Fortunately, the newer technique photographic prints from of 1898 sufficiently illustrates the of surveying by means of photo- original -vertical negatives,

from airplanes 13 serious effect produced by Dr. Ho's Graphy

apdetermining the type of country statement to foreign Journalists in plicable to most Canadian terrain they are about to enter, and are Hankow; due to be paid off at the and has so speeded up the field often the only guide available for latest in 1943, and carrying a first work of the map makers that they use in planning expeditions and charge оп the Customs. these are able to survey in a few hours for directing operations once the bonds, which were priced at about what would formerly have taken party is in the eld. These maps

months. 83 overnight, were called 75 yester-

and prints also perform a two-fold day morning, changed hands down

service for the geologist, permit- to 64, and were finally quoted atque and vertical photography, ting quick identification of physical 70, a net drop of 13 points on the With the former each negative features on the ground and serving covers a large expanse of territory as a base for the plotting of geo- and is suitable for maps in whlen logical information and deduction minute detall is not required: the in the office.

day.

Two points need to be made with regard to Dr. Ho's suggestion that China may be unable to meet her foreign debt service, or rather with regard to the grounds on which the suggestion was put forward.

The first is that until November

.. any rate the service of the for-

Two methods are employed, ob-

TORQUAY OF THE

FAR EAST

elen as distinct from the internal Tsingtao A Resort

loans still seemed to be covered on the basis of the published re- ceipts of the Customs, and it is difficult to believe that the later ourse of receipts can have been such as to justify Dr. Ho's state- ment that the Customs revenue for the second half of the year was insufficient to meet the interest on the foreign loans. It may be true. perhaps, that the Central Bank of China has been called upon to make up the quota of the foreign debt service seized at Tientsin and elsewhere by Japan.

FRANCE AND AMERICA

The second point is that Japan has not so far as is known, dis- avowed the willingness which, it was credibly reported, she showed in the negotiations for a solution of the Customs question in North China to release the quota neces- sary to pay foreign bond interest from the revenues within her con- trol. She may, of course, have in- sisted that no part of such re- venues should be used to meet the service of China's Internal loans. Interested in Chinese bonds her-

Fox BEATTLE, VANCOUVER AND VICTORIA VIA JAPAN are requested to take Delivery of Flour and Lumber Shipments as soon as the Vessel is ready to discharge and are hereby notified that if their Lighters are not placed alongside the Vessel as required, their Shipments will be dia- tions of storage at Holt's Wharf. The self, she may well stop short of dis-

are hereby notified that their cargo will be discharged into Bolt Wharf Kowloon, where it will lie at consignees risk and subject to terms and condi- Cargo will be ready for delivery from Godown on and after 7th Feb.

charged into Holt's Wharf, Kowloon, at their expense, where the Cargo will lie also at their risk and expense and Cptional carro will not be landed subject to the Terms and Conditions of hers, unless notice has been given prior Storage at Holt's Wharf. Steamer will to steamer's arrival but carried on commence Discharge on the 7th Feb. from part to port to the final port of

General Cargo will be discharged into call to which the option extenda. Holt's Wharf, Kowloon, where it will lo All broken, hafed, and damaged at Consignees risk and subject to the goods are to be left in the Godowns, Terms and Conditions of Storage at where they will be examined on any Bolt's Wharf. The Cargo will be ready Tuesdays and Fridays between the for Delivery from the Godown on and hours of 10.45 am and Noon within

the free storage period:

after 7th Feb.

All broken, chafed, and damaged Goods are to be left in the Godowns, where they will be examined on any Thesisys and Fridays between the hours of 10,45 and Noon within the Free Storage period. No Claims will be admitted after the Goods have left the Vessel's Godown, and all General Cargo remaining undelivered after 14th Feb., will be subject to Rent All Claims against the Vossel must be presented to the Undersigned on er bafore the 28th Feb., 1938, or they will not be recognized.

No Fire Inearance will be effected.

BITTERFIELD & SWIRE

Agerts.

7th February, 1938.

(5076

HAMBURG-AMERIKA LINTE

NOTICE TO CONSIGNEES"

THE MY

"SAUERLAND

No claims will be admitted after the Goods have left the steamer's Godown and all Goods remaining undelivered after the 14th Feb, will be subject to rent.

All Claims against the Steamer must be presented to the undersigned on or before the 28th Feb, or they will not be recognised.

No Fire Insurance will be efected. BUTTERFIELD & SWIRE,

Agenta, 7th February, 1938.

TRANSPORT ENGINEER RETIRES

·

[5977

crimination against other foreign bondholders.

'The refusal of M. Gignoux on be- half of the French Employers' Federation to join the conference of employers and French trade unions produced another wave of selling of francs on the exchange market. The labour position. In fact, is now exercising greater in- fluence upon the trend of the franc than the position of the Treasury. In other circumstances the tax re- turns for last month, which show ar encouraging surplus on

the estimates, have been expected to drive the "bears" to cover: the pressure did indeed slacken, to- wards the close.

TURN AWAY WRATH After his Jackson Day speech Pres. Roosevelt's conference with America's industrial leaders came as an answer to turn away wrath, and the late rally in Wall Street was carried further in London's opening prices. Second thoughts, however, brought a reaction. The market finds it difficult to choose its way between what the President says he intends to do and what he

London Transport's chief en- gineer, MI.

Arthur. Reginald Cooper, has retired after 37 years' work. His last duty was to sign contract specifications for the actually does. quietening of 5 miles of line |between Golders Green and Cam-

den Town

This aim. Mr. Cooper's principal

having arrived from Hamburg and torta of call, Consignees of Cargo are hereby notified that their Goods are problem for years, is to be achieved being landed and placed at their risk into by specially welded raila, running the Hong Kong & Kowloon Wharf & a grinding car over the lines at Godown Company's godowns at Kowloos, night to make them smooth, and where delivery may be obtained as soon lining the tunnels with noise- as the Goods are landed.

Optional Cargo will not be landed absorbing material.

here, unless Notice has been given 481 All Mr. Cooper's recommend- hours prior to Vessel's arrival, but carried ations have been adopted by the

SECURITY OF THE CUSTOMS LOANS

Total Chinese Customs revenue

Germans Built

THOMAS HARDY'S

WORK

the

in

Mrs.

HARDY, of Max Gate, Dorchester, widow of Thomas Hardy, the novelist, left £48,010 (n.p. £40,483).. She gave £4,000 and property. Egdon, Dorchester, hands," those who built up for- to her sister, Margaret Alicia eign trade with the Far East, re-Bounds; £4,000 to her sister, Eva cently read of burning and looting Anne Dugdale; £2,000 each to her at Tsingtao by deeing Chinese sister, Ethel Manwell Richardson. with the greatest regret. For

Thousands

TO

"old China

th

Tsingtao is the most beautiful and her nephew, Thomas Henry seaside town in China. For many Soundy, and £1,000 to her sister. years it was the most fashionable Constance Taylor Dugdale. holiday resort the Torquay of the Far East.

The town was built by the Ger mans before 1900.

It progressed til it compared with almost any seaside place in the world.

The Japanese are no strangers

Frederick Nodder, 45, who was sentenced to death at Nottingham Assizes for the murder of 10-year-

old Mona Tinsley, of Newark, was

to the place. They bombarded it executed at Lincoln Prison récently. in 1914 and took control till they It was the first execution there handed it back to China in 1932. for 10 years.

The Germans finally were driven cut in November, 1914. At once the Japanese reaped the benent of the millions of pounds spent there by the former occupants.

A promenade along the front for two miles. two magnificent hotels which compared with any others

in the world, beautiful. walks in the surrounding forests, and parks' on the hills were among the amenities.

BIG EXPORT TRADE Tsingtao was the German · Faz. Eastern naval base. Hundreds of thousands of "pounds, had been spent on forts, modern docks and piers to deal with the export trade of rich Shantung Province. The old German forts are contained in huge caverns in high rocks and reached by lifts. They are still Intact and one of the sights of China.

· Germany was justly proud of Tsingtao. It Was difficult to realise that one was in China on arrival at the port. It was veritable fairyland of lights and laughter for five months of the year.

||

The two big hotels, the Grand. in the town, and the Strand, the front of which swept down to the edge of the blue waters in the bay, were booked up months before the the season began.

MODEL TOWN"

The Germans made It a model town with a racecourse, sports grounds, and clubs. The many

villas which dotted the hills above the promenade made it the most satisfying scene for the business men of China and their families.

The Kaiser took a great inter-

est in the progress of the Colony.

amounted last year to $342,000,000 and in 1936 to $324,000,000; thus in both years it was sufficient to cover the service, which requires about $77,000,000, more than four crown" times over, and consequently the

and once described it as "the brightest jewel in my Imperial

If trade be restored to some sort total volume of trade, strictly of working order within the next speaking, could decline by 15 per few months in China it is certain

provide that Tsingtao. will haven for many foreigners in the coming summer.

on from port to port to the final port Board. During his career he has payments. From the figures given of call to which the option extenda. handled contracts involving the

No Ulsima will be admitted after the expenditure of millions. Goods have left the Godowns, and all Goods remaining undelivered after thei 7th Feb., 1938, will be subject to Rent

All broken, chafed and damaged floods, are to be left in the Godawas, where they will be saamined on 5th Feb 1938, at 10 am, by our Burveyors, Mews, Goddard & Douglas,

HISTORIC LONDON HOTEL TO CLOSE

cent. without jeopardizing interest

below It will be seen that up to the end of October total imports had decilned by roughly 50 ber cent. compared with the monthly average for 1938, At Shanghai, for which port the November return is now available, the decline was, of course, much greater, but the

One of London's oldest historic hotels the Arundel, which faces the Thames from the foot of latest figures indicate an incipient

To comply with the General Bonded Arundel-streets Strand-Will be revival there. Warehouse Regulations consignes must closed shortly, and will be con- have a Revenue Officer in attendance verted into offices.

when damaged dutiable goods are

examined.

Arundel House,

town

All Claims must reach us before the residence of the Earls of Arundel,

ard Mar, 1938, or they will not it was visited by Charles I., Pepys be recognised,

No Insurance will be effected,

and William Penn.

More than 200 years ago it

CHINESE TRADE

(000's omitted) Whole of China

a

In short, Tsingtao is not just an- other Chinese town taken by the Japanese, but a magnificent struc- ture built by foreigners as a gate- way for the exports of the sur rounding territory.

Shanghai

Monthly Average

Sept. Oct. Nov. 1936 $ $

Imports 7,467 8,662 10,391 48,285 Monthly Exports 27,933 14,231 18,027 30,190

Average Any conclusion reached in ad- vance of the full year's returns may well be premature, but it would at least seem that China's trade is showing a remarkable resiliency.

Aug. Sept. Oct. 1936

• ་་་་

Bills of Lading will be countersigned by became an hotel, and was one of

JEBSEN & CO.,

the London Inns of which Dickens Imports 55,816 34,488 38,422 79,710

Agenta.

- Harg Kong, "rd Feb., 1938, (6967 {wrote.

- Exports | 45,273 67,167 48,779 58,900

25

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