1919-04-12 — Page 10

OVERSEAS TRADE.

POLICY OF MUDDLING THROUGH.

Manufacturer" writes in a Home paper as follows:-

Has the Overseas Trade De- partment presented to the Govern ment any report with regard to its work?

Is the answer to all these questions in the negative? There isan absolute lack of organisation at home and abroad. The or ganisation ought to have been The problems of demobilisation built up during the war. Nothing is the provision af jobs" for men has been done. The Overseas and work for the machines Trade Department is a sham, and It is ales it is reorganised drastically operated by the men.

and promptly it ought to be sufficient to gear the men, to the scrapped, for on its present lines machines The machines must it can only ensure our defeat in also be geured to the orders the world-competition for foreign: Daring the war, the machines firmie. have been amortuusly increase Lio number and in efficiency and this increase bas developed the productive capacity of Great Britain beyond all the dreams of pre-war enterprise.

INFORMATION WANTED.

t would be interesting to know what new appointments have been male since the department was formed. Let us have the names and the qualifications of the men,

THE HONGKONG TELEGRAPH. SATURDAY, APRIL 12 1919.

THE BRITISH ANTI-FOULING

COMPOSITION AND PAINT

COMPANY,

LTD.

· Registered Trade Mark,

HONGKONG: TORPEDO

HONGKONG:

BRAND.

THE BANK LINE, LTD.

BRADLEY & CO., LTD.

Anti-Corrosiva and Anti-Fouling Compositiona All manufactored at the Company's Works, BARKING, ESSEX, CONTRACTORS TO THE ADMIRALTY These well-known Compositions afford unsurpassed protection against Rust and Fouling. Their frm adherence and smooth, unbroken surface tend to increase speed and save coal consumption. AGENCIES AND STOCKS AT ALL THE PRINCIPAL PORTS,

HEAD OFFICE: 130, FENCHURCH STREET, LONDON, E.C. 3. and at Cardi, Liverpool, Newcastle-on-Tyne, Glasgow, Sunderland, West Hartlepool, Middlesbrough, Hull, Southampton, Dunkirk. NEW YORK-THE FEDERAL COMPOSITION & PAINT Co., Ltd., 17, BATTERY PLACE.

THEATRE

April,

at 9.15 p.m.

BOYAL

THE WORLD FAMOUS

Is it the fact that the Commercial | Tuesday, 15th & Thursday 17th In order to keep the new

Attaches in our various Embassies machines employal it 1

in Allied countries have recently necessary to expand ur export been asked to survey and report trade swiftly anit smoothly. We

tes and must enable our manufacturers each group of tra

industrie? to secure their fall share of the orders in foreign countries, fur which all the belligerents and all the neutral are eagerly competing.

Is it the fact that no famis whatever are provided to pay for the work of obtaining the nece sury information? Is it the fact that one Attnche in each country is expected to deal with all the group of industries in "the country concernet, and that he has no assistance whatever except that of our notoriously underpaid and inexperienced Consuls ? There ought to be in each country an expert for each group of indust industrial work to make theries, and all these experts ought process of industrial transitioni both rapid and efficient?

It is, therefore. urgently necessary to discover what our Government is doing to enable our industries to leap from wa work jato peace work. Is it trusting to the old policy of it muldling through? Or is using the best brains of the

to work in each entry under the direction of a Trade Com- missioner, with the best possible qualifications

UNDERSTAFFED AND UNDERPAID.

There is in existence a tiorern-

Advisory committees from yur meat Department which ought

various industries should be set now to be humming with energy and initiative. It is the Oversea-up and attached to the Overseas Trade Department. The business Trade Department. These com- world is not satisfied with this mittees should assist in finding suitable men to represent the Department. It is, on the cop- trary, profoundly dissatisfied with country abroad, should collect and collate information. ani should be acquainted with all proposed schemes in order that they may

it.

criticisin

offer constructive

The staff of the Overseas Traile Department, nths after e signing of the armistice, is ridiculously inadequate. The head of Department, with a salary

AMERICA'S EXAMPLE. of £2,000 a year, has under hi

thur rivals are not emuisting two officia' with £1,200 a year our lethargy and inertia. The each and two with £700 to 2000 Americans are setting us a good a year. This is the Department

Their activity, mot example. which is expected to organise the only in the United States and recovery of a foreign trade, which South America, but also in dev-

LEO

CHERNIAVSKY

JAN

CHERNIAVSKY

MISCHEL

CHERNIAVSKY

Three Great Soloists com- bining a wonderful Trio.

New York Times: Their wonderful Talent amounting to genius.

$3 $2 & $1

Reserved Seals Unreserved Seats

Book Today At Moutrie & Co.

CONSIGNEES.

NOTICE TO CONSIGNEES.

OCEAN STEAMSHIP CO., LIMITED.

AND CHINA MUTUAL STEAM NAVIGATION CO., LTD.

amounted before the war to many astated Europe, is magnificent in Consignees per Ca's Steamer

hundreds of millions per annum. its push and go. The different

No great private business could countries swarm with Americao

"LYAON"

go will be discharged into Holt's

be run efficiently with this meagre business men, who are securing are hereby notified that the Car- and underpaid staff. You cannot ran su Al department with a Corders for plant and machinery. personnel.

In one of the great European Wharf, Kowloon, where it will

lie at Consignees

rist. The

capitals our Commercial Attache Cargo will be ready for delivery Both Allies and neutral are eager to give their orders and poor health, and is forced from Godown on and after 12th

to be absent from his duties for April.

Lay

Optional cargo will be landed,

place their contracts at once.long periods. His staff at pre- Our manufacturers cannot get sent consists of one typist He unless notice has been given prior into touch with prospective has no funds to enable him to to steamer's arrival. foreign customers by means of

3 staff. At one great Cen- All broken, chafed, and damag- their agents, because not only tinental port the British Casued goods are to be left in the have their shas been depleted by the war, but also ruling con- was, previous to his appointment, Godowns, where they will be

a librarian

examined on any Tuesdays and in the Foreign ditions make it difficult for

Fridays between the bours of Office! Such men are worse 10,45 am and noon within the private firma to trade abros.

than useless they have Hot free storage period. Before the war in many countries the

get

No claims will be admitted therefore let them get out, Ap-after the Goods have left the ported through Genaan agents.pointaents to our Commercial steamer's Godown, and all Goods This must not occur again,

and Consular Services inust no remaining undelivered after the OUR GOVERNMENT MUST ACT, longer be regarded as the per-18th April, will be subject to Unless the Overseas Trade quisite of hackneyed officials rent. Department is strengthened, so whom a grandmotherly Govern- that it can carry out a bold agment won't sack, but wishes to must be presented to the under- signed on or before the 2nd May, or they will ressive policy, much of our for lose sight of

British manaisetures were er-

power

W

All Claims against the Steamer

eign trade will be captured by It is duly fair to say that Sir recognised.

100

be

our Continental rivals and by the Arthur Steel Maitland, the heal No Fire Insurance will be Caited States. We have no rea-of the Overseas Trade Depart-effected-

Agents,

·

son to fear competition if only ment, is not altogether responsible. BUTTERFIELD & SWIRE. our Government will act strongly for ita impotence. He cannot make with foresight and imagination, bricks without straw or get brainst

Five questions may be reason-without-paying for them.

ably pressed:

Is the Overseas Tra le Depart- ment adequately staffed?

Does its London staff incla le any able and experienced business man?

Are all its representatives abroad qualified by commercial experience to investigate the re- quirements of the diferent coun- tries and to report to headquarters promptly so as to enable our manufacturers to act swiftly? Do these representatives possess the the ability and the staff to enable them to advise us as to the re- quirements of the ranions coun- tries and the present conditious and prospect of trade?

Is the Overassa Trade Depart meat in touch with the manu” facturers and traders of this country and their ager ts abroad? Is there harmony of working and full confidence between industry and officialdom?

Sole Agents:

THE

CONNAUGHT MOTOR CAR

COMPANY,

Torgkorg 12th April, 1919.

Studebaker

.0

Tel. No. 1913.

28, Des Voeux Rd.

Central.

G.P.0. Box 444.

A Car which has won for itself a world wide. reputation for permanency of Service, Power, Design, Comfort, Workmanship & Economy.

A High Class Latest Modelled Car

At a price within the reach of all.

A Consignment of Studebakers has just been landed.

Inspection and Enquiries are cordially Solicited.

UNION INSURANCE SOCIETY OF CANTON, LIMITED.

NOTICE IS HEREBY GIVEN that an Extraordinary General Massing of the Society, will be bald at the registered allies of the Somety, Conn's Banding, Hongkong, on Friday, the 25th day of April, 1919, at 12 o'clock noon, wisen the ubjoined resolutions which we pasand at the Extraordinary Gearmi Hosting at the Society held on the 10th day of April, 1919, will be submitted for confirmation as special resolutions

1. That the nominal silver capital of the Society as saisting wher this resolution is confirmed as a special resolution be converted inte sterling and that soch capital so converted be increased beyond the starling equivalent of soch silver capital when such maysizion takes place to the mum of £2,000,000 Starling divided into 200,000 sharts" of the nominal value of £10 each.

2 That each of the issued silver shares of the Socisty of the momical value of 3050 with with the sum of $100 paid up there- on be converted into fire shares of the naminal value of £3D sich with the sterling squivalant of $20 Hongtong currency st the opme ing T.T. rate of exchange on the đấts this resolution is confirmed a special resolution credited as paid up therson and accordingly shai 83,000 shares out of 200,000 sháểm số the nominal valus et ála sach constituting the capital of the Socisty so converted and increase be distributed by the Board to the persons who are registared as shareholders of the Society on the date this resolution in confirmed as a special resolution in archange for the silver sharm then haid, by them.

1. That the Articles of Association be altered in manner following.

namaly -

By the insertion after Article No. 107 of the following Article

EMPLOYMENT OF REIKEYS FONDE.

**107 (3). The Board may, amploy the funds of the Socisty which ́hara” been setablished pursuant to the provisions of Artiels 107 ca any of them or say portion thereof (and that whether such funde or meh portion as is proposed to be dealt with ware set seide for the special purpose to which they are proposed in be applied, ne for any other parpons or not) in or for all or any of the following purposes, that is to my, in meeting contingentia, in scamlining dividends, in paying spacial dividends or bonuses, is repairing. improving and maintaining way of the property of the Society, of otherwise in the busines of the Society, and, in or fus, such other purposes as the Board shall in its diseration think conducive to the interests of the Society and in regard to any such employ- ment as aforesaid the Board shall not be bound to keep the reserve fonds separate from the other asset.**

By the insertion of following Articles after Article No. 108.

BONUH MAT BE FIT

AGANENT CALL-

108 (1). Any general meeting, at which a dividend ce bonus is declared ar sanctioned may make a call on the members of such amount as the meeting £xes but so that the call on wach member shall not exceed the dividend or banns payable to him and so that notwithstanding the provisions of Articles 19, 22 and 21 the call may be payable at the same time as the dividend or bona and the dividend or bonus may, if so arranged between the Society and lha member, ba set në against the call. The making of a cal - under this Article shall be deemed ordinary business of an ordinary

general meeting which declares dividend.

(2). After mary resolution has been paid under the provisions of paragraph (1) of this Article the Board may arrange on behalf of the Socisty for the dividend or bancs to be set oh gxicat the call by authorizing any person on behalf of the members whom such call is due to enter into an Agreement with the Society providing for each dividend or bonus to be set off against such call and any Agreement made under such authority shall be

slackiva.

(3). It shall be no objection to any resolution made under paragraph (3) of this article of to any call or arrangement that such resolution ww pamed or such call or arrangement was made at the meeting at which tha resolution introducing this Article and Article 107 (4) was confirmed as a special resolution"provided that due notice of the intaction to propose soch frat mentioned resolution and te declare such dividend or bonus and to make roch call shall have bean given prior to the Confirmatory meeting aforesaid. BATH OF EXCHANGE FOR DIVIDENDS PATABLE IN HONGKONG. 108 (b). Dividends may be paid in Hongkong Currency at much rate of exchange H the General Meeting actioning the same or, in the case of interim dividends, as the Board may deter- mine." And the subjoined résolutions will be proposed as Extraordinary resola-

1. That the difference between the starling equivalent at to-day's opening T.T. rate of exchange of $20 Hongkong currency and the sum of £4 be called up spot sach of the 80,000 shares of the Bocisty of the nominal valde of £10 each info which the diver shares of the Society have been converted.

tions:-

Z

2 That a bons dividend equal in amount to such difference as is referred to in Besolation No. 1 be and the same is hereby declared out of the Beinsurance Food of the Society, such bonus dividend being payable to the persons who are registered as the shareholders of the Society on the date this resolation is passed, and that much dividend in the case of each of sach persons be set off agaiak the amount das from him for calls under Resolution No. 1 and be retained by the Society wordingly and that the Bhard be authoris ed to make the necessary entries in the books of the Society. That 15,000 shares of the capital of the Society is isrand addition ally to the 80,000 shares referred to in Resolution No. 1 and that the sum of £4 be called up thereon and that such additional shares be offered

in the first instance at premium of £2 per share to the persons who are registered sa the shareholders of the Society on the date this resolution is passed in the proportion of one additional share for each silver share previously haid sod

pon the

footing that the ram of £4 called up plas the 52 (making together £25 per share) shall be paid to the Society on acceptance of the offer, and that such offer be made by notice specifying the number of shares to which such persons are entitled and limiting the time within which the offer if not accepted by payment will be deemed to be declined to the 23rd May, 1919, and that the Board

be empowered to dispose of the shares not taken up in response to such offer as they consider expedient in the interests of the Bociety.

4. That the 16,000 additional shares refazed to in Resolation No. 3 participate, in all dividenda declared after the next Annual Geo- aral Meeting of the Society pro rata with the 80,000 abares referr ed to in Resolution No. 1. Dated the 11th day of April, 1913,

By Order of the Board,

C. MONTAGUE EDE.

General Manager.

NEW

SOMETHING

WISEMAN'S TEA

OUR OWN PACKING & BLENDING FROM THE

CHOICEST CEYLON & CHINA TEAS.

TRY IT

Ilb TINS 80 CENTS

TO-DAY'S NEW AD VERTISEMENTS.

ESTABLISHERD

1814 100 YEARS.

JOHN

1914

HADDON

AND CO.

Export and Import Agents

For ONE HUNDRED YEARS in the CITY OF LONDON we have acted as Buying and Selling Agents for Traders,Storekeepers, Growers of Colonial Produce. Are you requiring the services of London Agents to promote your interests? We shall be pleased to enter into correspond- ence with a view to arranging terms to mutual advantage.

CARR

BANK CREDITS AZZANGED. ADVANCED AGAINST SHIPMENTS.

JOHN

HADDON

AND CO.

Colonial Merchants and Produce Agents,

SALISBURY SQUARE, LONDON, EC.

THEATRE

ROYAL

Under the distinguished Patronage of His Excellency the Officer Administering the Government

THE

STUNTS

IN

THE THREE ACT COMEDY

OUR BOYS

TO-NIGHT

(SATURDAY), 12th April, at 9.15 pm.

PRICES

Proceeds in aid of Charities.

$3.00, $2.00 & $1.00:

Booking at MOUTRIE'S.

SENNET

FRERES

This business has been taken over by

A. WEILL

and in order to make room for new stock &

SALE

will be held starting from.. THURSDAY, 10th April, for

10 DAYS.

GREAT REDUCTIONS

in

"E. P. Ware, Silver Ware, Ladies', & Gents," Bilver

Dressing Cases, Cat Glass

merizare Clocks All

of Fancy Ware, Bronzes, Porrelain Ware, Silver,

Cups for Prizes, etc.

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