1917-01-18 — Page 10

COMMERCIAL NEWS,

A POINTED ARTICLE.

The Armed Merchantman and the Submarine.

Admiral Bir Cyprima A. G. Bridga writus am follow#:****

THE HONGKONG TELEGRAPH, THURSDAY, JANUARE 18, 1917,

"DISRAKLI" ON THE FILM

A New Epoch in the Cinema World.

WHY ZEPPELINS AVOID HONGKONG SHARE

PARIS.

Swarms of Trained Airmen

Always Walting:

REPORT

S-BELLERS; BA~SALES; B-BUYERS; N-NOMINAL

H: K. Fires

The Rubber Market.

Mesara, Hugo Beisa & Co., Shanghai, have received the fol- The demand for the arming of lowing telegraphic report from merchantmen #gainst the sub-Louis N. Parker's well-known Founded upon the plot of Mr. Mesara, Kuzmel & Co., London, marine peril is very natural, since play, the "Disraeli film exhibit. Although from the nearest point With the French - Army.- dated January 9: Spot price srmed vessels have certainly fared od at a Press view, shows what of the German line to Paris is standard quality ribbed smoked better than unarmed, but it is really can be achieved in British soarcely 50 milas, German air Banks sheet 2/11j. Spot price standard very far from being a simple film production, and impresses oraft have troubled the French quality first oreps 211. Market matter, and, as the Manchester the fact upon one that American capital very little sinos the first very quiet; tendienor undecided. Guardian has asked me for my competitors will not in future month of the war. Zeppeline North Chinas America pot buying. Free on opinion I will set out briefly some have things entirely their own were never very frequent visitors Unions board whole of 1917, 7/0 Business considerations that are monally way. difficult.

overlooked:

to Paris; and since the raider that Yangtszes The cast includes Mr. Dennis attacked it last February was At the begining of the year Eadie and a group of prominent shot down on the return journey China Fires British-Italian Corporation, British steamers of over 100 tone actors and actresses, including at Revigny they have" left it

numbered, roughly, 10,200; their Miss Mary Jerrold and Miss rigorously alons. The Canadian Bank of Com-tonnage was 20,830,000. Steam Dorothy Bellew. Of the produc merce has acquired an interest in and sail together, the skips were tion nothing but good can be flight was always the rab for Ger-Douglases

The danger of the homeward the British-Italian Corporation, about 11,300, with a tonnage of fenid; and the settings both in man sircraft as far as Paris was Steamboats organiced last March for promo- 21,274,000. There were on June England and Osiro, are excellent, coroerned, even before the sir indos (Del.) tion of closer trade relations bo- 30 of this year "olaeed in Lloyd's Throughout the whole story of defences of the city had reached Indos (Pref.) tween Great Britain and Italy. Register-book" 6.106 British diplomacy in those Empire. their present state of perfection. The British-Italian Corporation, vessels of 13,583,177 tons (gross) making days, interwoven with The Germana are well awam that

Shells capital G. $5,000,000, and Com--average 2,220 tone. The exact one pegais Italc-Britannica, organised number of vessels over 2,000 tons stories of the world, Disraeli's evading the local defencer "mus: Sugars

of the great. love any airship that succeeded in at the same time in Italy with is not given, bat it probably wonderful personality, interpret ran the gauntlet of swarms of Malabons $2,000,000 capital, are the results exceeds 4,000, of an agreement between the

ed by Mr. Donnis Edie, is a aeroplanes and scores of guns cn If it is decided to put guns into dominating factor. Apart from recrossing the French front. London Coanly and Westminster our merchant versale, which has its intense interest, a bigh educa Bank and Lloyd's Bank, repro always been held to be legal and tional value entitles this film to senting a British financial group has been practiced by every mer the approval and support of the and the Credito Italiano, repre-cantile marine in the world, con public. senting an Italian financial group.sistency will compel us to comply Chevalier Arrego Bocchi, Mr. with a very recent demand Percy Nasb, and their associates and pat guod into every one have initated a new epoch in the of them. This demand is for cinema world with "Dieraeli."- "guns" in the plural, and not for Globe,

Chinese Cotton.

American Cotton.

single gun. Within the last few days the number of guns

the

Ferries

Kailans for her own deferee from air Raubs

Bat Paris relies upon herself Langkats stack. The mais risk the Boche Tronchs would ran, if he chose to isoa it, Urais. would squadrons and anti-Zeppelin gune

CODA froma

the Bir

of the city itself.

sir.

air.

For the French air service does

not keep large numbers of highly

who does not come. These men skilled air fighters idle in front of Paris, waiting for the Boche are ordinary fighting aviatore

DOCKS, WHARVES, GODOWNS, &C. H. K. Wharvés n. Kowloon Docks ta. S'hai Docks BB

$900

BANKS.

BANK OF CANTON-

·LIMITED.

HEAD OFFICE HONGKONG

FOREIGN EXCHANGE and General Banking Business Trans-j acted.

CURRENT ACCOUNTS open«. ed and FIXED DEPOSITS Re- ceived.

INTEREST ON FIXED DEPOSITS:

For 3 Months 3% per annum

For 6 Months 4% per annum For 12 Months 41% per annum LOOK POON SHAN,

Chief Manager.

NOTICE.

NOTICE,

PEAK TRAMWAY JO

LIMITED.

TIME TABLE.

WEEK DAYŽ

$.00 Extra Min 20+00 44.

KO MIK

1

DU AJI

ITF Full Co 1400 PUMI to

NIGHT CAR

11.00 23. avity half hour

[L.DB F. 10 KK-43 7.3L

Drmy quarter of an hour SUNDAYS

M

M

20.M

KJE SE

OFFICIAL PRICES.

BANKS.

BA

$210.

MARINE INSURANCES, Cantons

D. b.

$377) t. 150

a. ex 78 $255.

..FIRE INSURANCES.

$155

11

2975.

SHIPPING.

Де

B.

$116 201

$132

5.

$13

5.

108/- $36

REFINERIES.

$128 $37

MINING

96-

£

21/

$2.40

II.

31/0

Loc am, 16

KOLOG ALI SU

n.

82/3

11.30 AM # 38443 7.M: 10 INS TO

էլ

41 M22

LJ PRI 5:00

па

M

15 MIN

$86

zo M

$126

t. 88

2.30 AM

1.00

Q

toyo sim. Enter at Min.

soyo A. ta

S

5.

8100 $115

21.30 AM. to

se ao Diaom

* Mak

18.00 Noor ta zuulo Yu

zo Mew

2.00 25 to

A

* M

b.

$95

* Mza

7.00 724

SA

$6.80

30 MIN

$.

$35

TL

* 85

5.

$80

t.145

1..

t. 14

1.

£114

#

t. oh

MISCELLANEOUS,

感。

$8

$4,75

2

$9,03

n.

$251

b.

$11,60

I..

#

$53 $160

EB

**4]

$934

$7

$10

$1

$34

$18

b.

**

b.

$0.25 $29

LANDS, HOTELS AND BUILDINGS.

Kung Yiks

Providents

**I

CORRECTED TO NOON THURSDAY

JANUARY 18, 1917.

BENJAMIN & POTTS, Share and General Brokers,

Princes Building.

Tel. address: Broker.

EXCHANGE.

SELLING.

Mesere. J. Spunt and Co.'s (Shanghai) weekly cotton market

In French serodromes there are reports for January 11 states:--

aeroplanes of every type that can The opening of the cotton market

be used against hostile sircraft,Tre after the new year holidays has demanded foreach vessel has risen

huge ranges of sheds house hunt- brought in a great change in the to four. In addition to this the sufficiently trained men per gun

ing planes, armed with machine Centrals situation locally, and instead of a demand was made caly the other would be the smallest number guns and able to travel at a speed H. K. Hotels wesk market we have to-day a day that the power of the guns that it would be prudent to

that sounds fantastic when" er-Land Invest. strong and ballich one, in already mounted in small numbers employ. Frequently one man machines whose special business

pressed in figures. There are H'phreys Est. sympathy with the renewed in merchant veseele should be might be incapacitated by illness it would be to locate the enemy West Points Kloon Lands activities both in New York and increased so that it may be at or accident. We should, then, for the fighters. There is the

S'hai Lands Liverpool. While local con-ienst equal to the power of the have to provide 18,000 aufficiently sumers generally sre

keep guns carried by the latest cless of trained gunners. All this would very powerful machine mounting COTTON MILLS. ing aloof at present the eel-hostile submariner.

be necessary if we were to put the Champagne (fensive,

a emall gas which was used in Ewos lere are likewice conspicucus by If it is not proposed to arm only two guna into eroh veasel. their absence, and if the market every merchant vessel, on what

If the recent demand to inorcace

There are machines equipped S'hai Cottons oan ha firm slew days before the principle can any be excluded? the number of a vessel's gun emergencies, There is here to be

with special weapons for special Yangtszepoo5. Chins new year holidays, more With what show of equitable from two to four be granted-and especially when money is eo fight, treatment can any class of mer- and increase from one to two has every device of which one Borneos bow much more will the situation chant vessels, or, indeed, say one been demanded for some time airmen can make use of against China Light & P. b. be improved after the holidays veseel, be refused what is regard. past-the figures given above another, whether he fly in a when Chinete generally are in sed by those who demand the would have to be doubled, and machine lighter or heavier than Dairy Farms better position to finance themsel-armament of our mercantile we should have to provide, over

Green Islands YOR? In the circumstances we marine as an essential means of and above the necessary reserves,

The men who will use there. Electrics osprot help but bold bullish protection? If any are to be er-16,000 gune and 32,000 men

weapons against the enemy in Ropes

H. K. Ice Co., viewe, and we certainly advies oluded because of emellassa ci officiently trained to work them case of need are airmen trained Steel Foundries D. our friends to buy any cheap lots size, it should be remembered with effect.

not only to use their machines Trams, Low Level sa. that ocme in their way, Tone of that one of the British vessels

bat positively to juggle with them. Trams, Peak, old n. The question is-Would not the market, firm.

which defended herself with that great number of men, who They loop the loop as naturally Trams, Peak, new n. brilliant courage, skill, and had at least some training, and a fich swims. They fly upside Laundries EUCCEED was small enough to pass thet grester number of guns be down. They stand on their heade U. Waterboats b. American cotton has revived under the London bridges and more effectually employed in couple of times like dancing Wa. Powells

or their tails and tarn round a Watsons slightly since the holidays, both above the Houses of Parliament. hunting and attacking in Liverpool and New York. A If we decide to arm only some enemy's Fubmarines, no matter normal level of fight, And in

Dervishes before resuming the Morning Posts n. telegram from the New York classes of vessels, we shall merely how greatly increased they may addition to their complete mastery agents of Mecars. Tats, Bone & advertise for the enemy'e benefit be in aise, in speed, and in of the art of flight they are Co., dated January 2, asya that that there are some which his radius of action? If it is ang akilled in serial warfare and used the market has been influenced submarines could attack without gested that we may do both to meeting enemy planes in the favourably by free buying of new risk of meeting with resistance. crop by Liverpool operators and

things-namely, put the thou Again, if, as has been recently eands of guns and men into the quoting-March. 17.57

cente, seked, we arm only vessels en classes of men-of-war suitable for May 17.83 cents, July 17.88 cente. played in certain ocean trades, we hunting and destroying hostile This is a rise of over cent. in New York since Decem-taken out of them when they are merchant vessels, the reply amast know if the gans are to be submarines and also arm the ber 23 when corresponding prises employed in ather trades. How would be that another plan mey were 16.25, 16.50, and 16.55 would that question look to vessels be better. That plan would be from the front, who take a spell T/T conta, Liverpool spot, cocording already employed in those trades to utilise the guns and men who to Heater, was 10.77d. on Jernary and net axmed? It seems to be might be put on board merchant- of service in the Paris air defence Demand ............ 2/3 11/16 2, while Messrs. Tata's telegram meant by some of those who men for still further increasing quadrons after a turn at the front, 30 d/s................. 218 4 of the next day quotes 10.651. demand the armament of our the number of regular men of-war and return to the battlefields to 60 d/s..... 2/3 33 for Jaly and 10d. for October. merchant vessels that only vessels occupied as sabmarine destoyers of service elsewhere after a cer- TIT Shanghai....

relieve comrades due for a period The lowest reached for July of a certain size and importance

The demand for arming our during the past fortnight was should be armed. Would not merchant vessels against hostile 10.098. Bombay broach, accord- this cause an invidious distine submarines does not seem to take

For a Zeppelin to take Paris ing to a telegram received yester- tion? There are at present rather note of the important fact that surprise is almost impossible. day, has advanced this week more than 6,000 British steamers

British cargoes are often carried-Reater. from Rs. 390 to Rs. 308 per averaging 2,200 tons (gross) in asutral bottoms,

Ia none of kbandy.

apiecs. This, of course, includes our ware bave we ever been able steamers belonging to the Over to dispense with this assistance UNCLAIMED TELEGRAMS. Japan's Wool Supply... seas Dominions, which surely no more than we are at present. A private telegram received by loyal British subject would think It may be taken for granted that a Tokyo firm at the end of last of excluding from any benefit that we cannot arcange for the arms- month reported that the Prime the oarrying a gun may provide.ment of neutral vessels which Minister of the Australian Com- monwealth has given the Japan-least 4,000 British steamers each mans have made it gaits plain

There probably are at the oarry British cargoes. The Gar one Consul General at Sydney of 2,000 tons. There are sailing us that neutra! flag is no promise that favourable considers-ships as will, and these as shown protection against their sabme tion will be given to Japan's re- by very recant German proceed-rines. Now, if the arming of quest to permit the continuance inge in Chili, evidently aimed at our merchant vessels is to keep of the wool supply after Japan's Canadian shipping (largely sail. German submarines from attack- requirements have been examining) on the Pacific Coast woulding them, those submarines will ed, though no further reaalta justifiably call for defence.

take the hint and redoable their have been obtained by the) It would be of no use to pak

afforts against the neutral vascola Conaal-General from his inter-guns on board a vessel if one did which are not armed but never view with the Premier. Mr.not pas on board her ammunition theless are laden with British Shimizu, Japanese Consul. also, and men suficiently trained cargoes, and cargoes which, even General, who could not get any to work the gune with efisiency,

if they are not Britlab, are much tangible resuls after a somewhat if we take only 4,000 ships and needed in the United Kingdom. lengthy negotiation with the give them each only two guns If we carry out a vigorous Commonwealth Government on which by the demand are to be of policy as true principles of the subject, recently went to the latest pattaraihe number of naval strategy require of hunt Melbourne and had an interview gane required would be 8,000, ing down hostile submarines, of with the Premier. From this plan the number Alas, mas be perhapa nowering the ocean with private telegram it can be judged, ready in reserve to make up due one anti-submarine craft and say some old hands in the line of placements. If we allow only 50 maing our fleets properls in sup- busine, that the settlement of rounds of ammunition per gun port of them, we shall defend not the problem by negotiations with a by no means generous allowance only our own merchant vennels the Australian Government is in thess days of quickáärszemes but also those under neutral fingu still posible, in spite of some should require 400,000 rounds, carrying cargoes ollen owned by sessions being disgusted with the|plus the quantity, to be în

British subjects and always need- Jalay in the con

ed by the people of the United Kingdom,

41

for perso

sin time.

York.

********** 2/356

97/ST 5/3 *******************/ }

Demand, India

Nom.

T/T Singapore ...... 98 T/T Japan

107 T/T Indis ***

168 Nom. ...... 168 Nom, T/T San Francis-)

544 co & New Yorkf T/T JAVA...... 132 78 T/T Marks Nom T/T France.......... 3.19 Demand, Paris.....2.19

BUYING.

Eastern Extension, Australasia

& China Telegraph Co, Aweby, from Bradford.

4 m/s. L/C ............ 2/4 7/16 Boot, from Chicago.

+ m/s. D/P ********* 2/4 9/10 Campbell Kremlin, from New 30 dis. Sydney & 2/4 11/16

6 m/s. L/C

2/4 13/16 Chingsouyes 73 Connaught 30 d/s. Ban Franc-1

Melboame.... Road, from Honolulu,

56 floor, from Singapore,

Koerangchan Cabin No. 23 Top isco New York f

.....Nom. Kwanghengtyo, from Bangkok. 4 mis. Franos......3.31 Leenam Chan, from Singapore,6 mla. France......$.96, Mengeoonsong, from Bangkok. Demand, Germany.. from Mandalay

Minshousun ofa Fluchwansao, Demand, New York. 54 34

T/T Bombay ****... Demand, Bombay... 168 Nom. TIT Calcutta

Nadler, from Manila. Onkes Chan, from Liverpool. Road, from Singapore.

Schoo Lawyer Ofice Des Voeux

Hongkong, January 11, 1917.

J.L. BECL

Superintendent,

Great Northern Telegraph Company: L4d. Biank, from Yokohama,

►

4 m/s. Marka

Demand, Calcutta... 168 Nem. Demand, Manila... 10934 Demand, Singapore. 98 On Haiphong...... 24% pram. On Baigon

2% prem. On Bangkok. 664 Sovereign

860 Boat. Gold Leaf, per os.... 21.30

Moiles, Lampaichonghal, from Bar Bilver, per ca..... 38 Swatow

i

Kway, from Osaka, Drouet, from Paris. Bonoguchi, from Shanghai Mr. Yung and Bu Tungsung❤

lung Con from Shanghales

***Not Superintendent.

SUBSIDIARY COINS.

DISCOUNT PER $100:

11.00 A.M.

$100 7 Lo 6+03.201

La masa to

**** **** *I LETE ODGA

MIGHT CAKE as on Wook Days.

ESATURDAYS

Carat Umidalena, IPECIAL CARE

By Lavagement at the Company'a Ollies, Alexander Buildings, DTORP Roc

"Season and punch tickets avalabis for all com got already Inli, eynning at the time stated in the Company's time tables, buż sot for special cars. Daa be obtaked on application at the Company's No Benzones will be issued extli pariment there for has been made in Bani Kotua or by Cheque. Compratore order representing Brak

JOHN D. HUMFRNEYS & CO.

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD,

(Capital Paid up...$1,250,000.)

Loneron Mortage of House Property Goods recaivad on Storage

Advances made on Merchandise,

Lonas made on the Provident System. (Ram and Pars application

The

TRUSTER, EXECUTOR OF WILLS, ATTORNEY, &, Undertaken and Executed.

SHEWAN, TOMES & Co. General MansKois.

MITSUBISHI COSHI KWAISHA. :(MITSUBISHI COJ COAL DEPARTMENT,

SOLE PROPRIETGES OF TAKASIMA. OCHI, MUTABE, KISH- IDAKE, TOSHINOTANI, HOJO, KAMA-

ZUTA, SAYO, KANADA, SHINNEW KAMIYAMADA, BINAE and OTUBAR

Cailleries.

Agent for SAKITO GOAL

HEAD OFFICE:-- MARUNOUCHI, TOKYO.

BANKS HONGKONG & SHANGHAI

BANKING CORPORA,

TION. RESERVE FUNDS: Paid-up Capital.....$15,000,000

Sterling

£1,500,000 at 21-

$15,000,000 Silver $18,000,000

$35,000,000

Reserve Liability of

Proprietors.$15,000,000 COURT OF DIRECTORS.

Bea Mt Anton. W.L

Bag-Deputy Chairmay

Bon. Mr. PH. Holyoak

fins, Mr. B. Sbalim

CHIEF KAKANRE Bouging N.J. Bis 5b, Zoq.

MAXAMEN

Bhangband G. Bespben, Esq. Loodon Backers-London Dusty and

Westminster, Limited.

Hongbong-Interest Allowed t

Ox Current Accounts at the rude al 2 per cont am on the daily

DEPOSITS.

For 3 months, 24 per ovál, per annow.” For Montba per cent per sonu. Forumootha, & par cool per annum

N. J. STABB,

Chief Manager.

HONGKONG SAVINGS BANT,

THE Falass of the above Bank la conducted by the HONGKONG AND SHANGILAI BANKING CORPORATION, -Rules may be obtained on application! INTEREST on depositt is allowed on the min. Imum monthly balances at 8si per cent, per az

Depositor may transfer, at ibels option, balancee

of $100 or more to the Hongkong and Shanghai Bank to the placed on FIXED DEPOSER at cent, per anduta,

For the 15ongkong and Shanghai Banking Corperm

N. J. STABB,

tion

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Eoyal Charter Il

HEAD OFFICE:-LONDON,

Fald-up Capila in potempor some an orpr£1,206.001 Beserve Fundson 2, H2S, OFE Reserve Lability of Proprietorrents, 1005, 1000 JORMON LICHAKGE and General Bankier

businew transected. CURRENT ACCOUNTS opened and Faze DEPOSITS received for 1 year or shorter perioda, extes which will be quoted on application

T. O. DOWNING,

Manager Hongkong, 11th April, 1912.

THE MERCANTILE BANK OF INDIA. LIMITED.

Head Office 15, Gracechurch

Street, London,

Authorised Capital ..............£1,500,000 Subscribed Paid Up Reserve Fund

G

BANKERS:

1,125,000

562,500 $50,000

The Bark of Kugians, The London lorat Flock Bank Limited. BRANCHES |--

Kombay

Calenta

Colasbe.

Delhi

Celle

Hongkong

How

Kandy

Fort Louis (Marillos.}

Kamchi Kola Bhat Kuala Lamym

Madru

Pent

Rangoo

t backst

Lingapore

HONGKONG BRANCH. Every description of Banking and Exchange business transacted.

Interest allowed on Current Acoimnis at a percool per annum on Daily Balances, and on Fland Dupl at rases which may be ascertained on application.

C. CHAMPKIN,

Acting Manager.

INTERNATIONAL KINGANB

CORPORATION.

HEAD OFFICE:

Wall St, New York, LONDON OFFICE:

, Bishopsgate, EC. CAPITAL FAID UP ......$3,250.000 RESERVE FUNDS.........$3,931,000

.$7,181,000

U.S. GOLD...

BRANCHES :-

KONGKONG PEKING, COBK

SAN FRANCISOG LONDON SHANGHAI

SINGAPORE

BRANCH OFFICES": ~NAGASAK. MOJI KABATSU, WAKAMATSU OTARU, UBORAN, HAKODATE KOBE, OSAKA, KURE, TOKYO, YOKO- HAMA, NAGOYA, TSURUGA, VLADI BOMBAY VOSTOCK, HANKOW, PEKING, LON. DON, NEW YORK, SHANGHAI, RONGKONG HAI PHONG and CANTON.

Cable Address:—"IWASAKI," Codes: Al, A.B.C. 5th Ed., West ern Union, and Bentley's.

CALCUTTA

CANTON CEBU. COLOY

HANKOW

MANILA

MEDELLIN TIESTSIN**

PANAMA YOKOHAMA

Through Itt close affiliation with The Nailors City Bank of New York, the Bank is able to order cas of the Branches of that institution is Cabe *And South America, Kamely

BAHIA, BUENOS

AIRES HAVANA. MONTEVIDEO RIO DZ JANEIRO: SANTIAGO DE CUBA, SANTOS, SAO PAULO, VALPARAISO,

BUSINESS transacted

All kinds of FOREIGN & LOCAL BANKING CURRENT ACCOUNTS opend and FIXED DEPOSITS received a suies to be ascertained

AGENCIES CHINKIANG-Mesars, GEAR- ING & Co., MANILA-MOSSIK. MACONDRAY & Co., SINGA- PORE Messrs, BORNEO Co. LTD, GLASGOW-Honors. A. E, BROWN, MOFARLANE & CO. LTD | Hongkong, 26th September, 1916.

For Particulars, apply to--

K. KATO,

Manager.

application.

3, 8. MARSHALL,

Manage

THE

Hongkong. No. 2, Fedder StraYOKOHAMA SPECIE BANK;

Hall

MARTIN'S

APIOL

LIMITED.

Established 1880.

Authorised Capital Yen 48,000,000

Paid-up Capital ...

Reserre Fund.......

30,000,000

20,800,000

Head Office.-YOKOHAMA.

Beaches

Latang-Halas

York

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