1921-12-15 — Page 3

NOTICE.

Start the Victrola

"On Christmas Day in the Morning”

Surprise the whole family by putting a Victor record on the new Victrola; usher in the happiest of days to the strains of some familiar and heartening Yuletide carol! The Victrola makes certain a merry Christmas; and it per- petuates your message of good-will for years to come. With Victor records every one in the family can hear just the music of his or her own choice, interpreted by the world's greatest artists. As a gift the Victrola is beyond every- thing individual. Drop in on us today-let us explain our easy terms.

S. MOUTRIE & CO., LTD.

SOLE VICTOR DISTRIBUTORS.

Chater Bowl,

E. HING & CO.

SHIPBT DILSIG MATERIALS, SHIFTHANDLERS AND HARDWARE MERCHANTS.

'PHONE NO. 1110.

25, WING WOO ST.

CENTRAL.

DINNER SERVICES. TEA SETS

FORD PERSONS

RUCS

CARPETS & TABLE COVERS

HOP CHEONG

Telephone No. 634.

Complete Htay Furnisher, 55. Qe Bond Central

C. E. WARREN & CO. LTD.

EXPERT SANITARY ENGINEERS

SANITARY REPAIRS

CARRIED OLT NEATLY & QUICKLY:

Office -30 & 32

DES VORUX ROAD,

T-LES 374

shavmom & Golors-911 Wanchal Beach HONGKONG.

STOVES

"DOVER" STOVES--" REGAL" STOVES-"FAIRY OAK" STOVES—“ COMRADE ́ STOVES—" FAWCETT " STOVES and MANY OTHER DIFFEREST MAKES--ALSO A VERY LARGE STOCK OF OPEN GRATES FOR DINING and D-AWING ROOM REQUIREMENTS.

We call Attention To a Large Number of Slightly damaged Baths, which we are disposing of at Greaily Reduced Prices varying fr. m 30 to 50% below present Market Prices:

ALSO BATH ROOM FITTINGS OPAL and SICKEL PLATED

TOWEL RAILS-MIRRORS, SOAP HOLDERS-GLASS SHELVER, &c. &c.

G. E. WARREN & GO., LTD. DES VOEUX ROAD,

HARK

Soge

Asahi

SOLE AUENT,

DAL NIPPON

BREWERY COMPANY

TOKYO, JAPANZ SPECIALLEY, BREWED FORE EXPORTI

'MITSUI, BUSSAN KAISHA, "LTD., &

HONGKONCL

THE HONGKONG

N.Y.K.'S HALF YEAR.

p

Dividend of 20 Per Cent.

It is very dificult to predict he shipping outlook,” declared Mr. Ita President of the Nippon Yusen Kaisha, at the half-yearly meeting of shareholders bold in the Tokyo Young Men's Christian Association Hall on the 28th, ult.

Recorary may not be possible, until the whole world recovers from the economic depression it is at present undergoing, for it is: this depression which is the fundamental cause of shipping inactivity. When this is done. cargo will be so increased that tonnage now idle can be employ- ed in taking the merchandise to any and every destination."

The results of the company's operations during the period under review, were fur- from satisfactory, 15 the bat profit amonated to anly Y3,330,000, which was 2,200,000 loss than that for the preceding term, and Y6,000,000 less than the cor- responding period of last year. This was due to the world's economic inactivity, which

brought about a decline in cargo and a lowering of freight rates. In the passenger trade, however, favourable results, were realized owing to the fares being increased. A twenty per cent. dividend was declared. Continuing his speech, Mr. Ito said:--

EXCESS OF TONNAGE. "The Powers having worked eaergetically to improve and extend their shipping the world's steamship toonsg- has now been increased to about 60,000,000 tons. some 130 per cent, more than be fore the war. The cargo to be transported, hawever, has much diminished. with the result that there has been a great over-supply of toupage. The income from freights greatly declined, while the shipowners" expenses have done nothing but increase. Thus, it is but natural that they are all in more or less distress. Duricg the period under review, the Nippon Yusen Kaisha retrenched more rigorously than ever, and economized to the ex- tent of Y4,750,000 in the cost of, steamers and management. Its freight receipts, on the other hand, decreased by 6,300,000 |

yea.

BETTER INDICATIONS.

It is satisfactory to see, how- ever, some appearance of stabi- lization. The steamers tied up throughout the world were form. erly 10,000,000 toas, but iris cow estimated that this has been re-l duced to 8.000.000 tons. Time! will show whether this is only temporary, or is the beginning of the road to recovery. In the meantime, it is not anticipated that the Freight situation can become worse, provided no further unfavourable factors present themselves.

TELEGRAPH.

THURSDAY, DECEMBER IN 1921.

OUR DAILY FASHION.

Model of brown taleta with long sleeves and back of bodice

ed brownent roidered net.

UNEMPLOYMENT IN JAPAN.

Relief Enterprises.

name of the Jisi-kai or the Self- An association known by the examination Association has been organised by a number of dis- charged workmen in the Hanshin has

district, The association

questions. Though too early to criticize its decisions and their effects, petif armament restriction. equal opportunity and the Open Door are sincerely considered and brought about by the world's 'de About three years elapsed legates, the effects on the world's since the conclusion of the economic communities will be armistice. In that period Ger great, including Japan's me man reparation question, with its cbant marine. We watch with great and direct bearing on the great interest the Conference's recovery of European economic progress and expect much from itreceatly agreed to start a rubber conditions, has been settled, the We may express to the world our manufacturing business by the English coal strike and the hope for the extension of equal routeal subscription of the neces American seamen's strike have opportunity and the Open Door. sary funds. For this object mam- subsided, and the threatened which are the basis of the world's bers of the association haverecent- American railroad strike has been peace. The principle that com-ly hired an unoccupied cakefactory averted. If economic conditions merce has no boundaries is indis- belonging to the Morinage Coa- in Central Europe, excluding pensable to maintain international fectionery Company at Amaga Germany, and in Russia improve peace. It is regrettable that the aki and partly arranged is for it will do much to stabilize Powers' policies have been spt to their purpose. It is also reported world economics, and stimulate militate against it. This creates that the members are now setting trade.

unfair international rivalries and PREVIOUS BOOMS.

collisions of interests and senti.

up machinery which is expected "Records show that there were ment which might lead to the dis-month and to be put in use forth

so be ready by the middle of next three periods of great shipping torbance of peace. It is to be with Then her of workers to prosperity throughout the world sincerely desired that the Wash be employed to begin with at this before the war namely, in 1889, ington Conference will recognize factory is understood to be 150 in 1900 and 1912. Each time the equal commerical opportunity all, of whom 100 or so are to be dullness of reaction followed the and the Open Door on the world. females. The applicants seem to boom, and on an average it took with freedom of commerce and be very numerous. four and a half years for the re-shipping.

covery to take place. After the

Japan-China and Japan-Russian JAPAN'S OVER-POPULATION.

case.

The new factory is to be managed by a former worker at the Takegawa Rubber Company other managers have already been selected from among the discharged workers. The Mayor of Amagasaki and others interest- ed are now promoting the under- taking jointly and its opening ceremony is to take place at the Mirako-za Theatre, Amagasaki,

Wars, we uurselves observed that "Armament reduction will un-in the same district and various

shipping recovered after daubtedly diverta huge amount for about four or five years' reaction-productive use. There are many ary inactivity. We cannot, how-ways to employ such money, ever, expect shipping to recover economically, socially and other in a like period in the present wise, most particularly in the for the last war caused overpopulation of Japan. It cal's unusually severe and extensive for prompt solution by the damage, both material and moral. Government and people by LESS TONNAGE BUILT THIS YEAR. emigration and "colonization in "The tonnage built this year in Manchuria, Mongolia, Siberia, the world's shipyards has shewn a Soath Americe, French India and by the vernacular papers as in great decrease. The touage China. This will require more progress among the discharged built at the end of September, ac- and more the extension of ship workers, of Kobe

Kawasaki cording to Lloyds, was 3,750,000 ping, which will undoubtedly grow Dockyard. The scheme mentioned tons, excluding work suspended more important with disarma-is to form an undertaking with or otherwise delayed. This is 50ment and the development of capital of Y200,000, to be called

to-day.

Another undertaking is reported

LANE CRAWFORD'S

DAINTY & EXCLUSIVE

HAND-MADE

LINGERIE

IN SILK OR LAWN, TRIMMED HAND-MADE - LACE MAKES A PLEASING

XMAS GIFT.

KAYSER'S SILK HOSIERY

AND

MILANESE UNDERWEAR

FANCY SILK GARTERS.

TOYLAND

AT

WHITEAWAYS

THE

LARGEST DESPLAY

TOYS

OF

GAMES

BOOKS

XMAS GIFTS

FOR

ALL AGES

AT

HONGKONG'S

LEADING

EMPORIUM

BRING THE LITTLE ONES TO

SEE THE TOYS.

WHITEAWAY, LAIDLAW & CO. LTD.

HONGKONG

ON

INSIST

CETZBEST

per cent. less than a year ago. peaceful industries. Therefore, we the Kaizo Kabushiki, or the when a funeral is to be conducted

PREPARING FOR THE PRICK,

The possible economic improve need not be pessimistic about the Reconstruction Joint Stock Com-special motorcars for the purpose It is stated in a Shanghai journal ment and the curtailment of baild-future of shipping, though it is ing are hoped to readjust the necessary for ne to be pradent Pay. Its motive is to save the will be provided free of charge, that a new uniform has been de

general public from the unrasson-In case of no death occurring in signed for the members of the world's tonnage and ultimately to and persevering, in order to tideable axtortion of funeral costs by the course of five years refund Young Men's Association, who balance supply and demand, over the present depression." bringing about the real recovery

of the shipping trade.

WASHINGTON CONFERENCE.

As marine transporters, we cannot overlook the Washington Conference, which is discussing disarmament and Far Eastern

-An investment and a present.

A VIETROLA DAY-

5. Moutriö & Co., Ltd

Sola Victor Disteliomters. -

the numerous professional funer- of instalments and distribution of will assemble in force from all al agencies in Kobe and suburba dividends síš promised. "The prazneders seem to bave been formerly in chuzes of the funeral

*OWIES BANKRUPTS.

paris of Japan' when the Prince of Wales visits Japan, and 'all- (these yung men, and school business at the Kawmaki Already this year. 472. bank- children, will be taught the British.. Dockyard. Toʻske advantage of ruptcies have been, registered in instisnal anthem, with the singing. this concern #family is requested Switzerland, compared with 343 of which they will grest, the to pay 50, sen per month, and π 11919 and 135 last year. : Prince