1927-04-29 — Page 2

2

AT

AU CHIC PARISIEN

Mudame Flint

FOR A FURTHER WEEK

"GRAND DISPLAY AND SALE"

OF

"NEW SPRING SEASON PARIS MODELS"

Under the Expert Supervision of MADAME JULIA RENEE Special Representative from

FAMOUS PARIS HOUSE

LEE

THEATRE

Porcival Street, Happy Valley..

(Ten minutes by tram from Hongkong Hotel) Friday, April 29th & Saturday. April 30th, at 9.15 pm.

PROFESSOR HARRY PISLER.

In his scientific

seances as have been given at all the

LEADING CITIES

of the WORLD) TRANSMISSION OF THOUGHT, MENTAL,

READING,

VOLUNTARY ANESTESIE,

FASCINATION OF ANIMALS, AUTO- SUGGESTION, OCCULT SCIENCE,

etc.

By kind permission of Capt. J.B. Glencross, D.8,0., and

Officern,

The Orelustra of 11.M.9.

«litania'! will be in attendance.

اہر

Booking at the Theatro or Moutrios'. Popular Prices:-$2.00, $1.00 & 50 cts.

JUST RECEIVED

Fresh Camembert cheese

French Bretel butter

THE FRENCH STORE

4

8 & 9 Beaconsfield Arcado,

Telephone C. 794.

PICTORIAL VIEWS OF HONGKONG.

Postcards and View albums.

10 cents each.

40

75

for

12

Albums containing 40 views with

description....

$3.00 each.

MEE" CHEUNG,

Studio, Ice House St.,

Branch 7, Beaconsfied Arcade,

Gets you well

and keeps you well that is the object of SCOTT'S Emulsion which heals, nourishes and strengthens. Your

doctor knowe it.

Ask for

THE HONGKONG TELEGRAPH,

CHARTERED BANK MEETING.

CONDITIONS IN CHINA.

the

FRIDAY,

heartily congratulate him on the saccess of his strenuous labours, re- sulting in the placing of Indian finance on a very high level and vastly improving the credit of the country.

The

APRIL

Hankow, Shanghai, and. Tientsin, troubles have been unceasing owing

-mont to strikes and boycotls. In cates the strikes have been engineered by agitators and students, the work men, though willing and keen to to leave their

empl

to

compankow business,,

At

Rice, Ten and Rubber. Burma has been quiet, but the ship as you are aware, was suspended en- The seventy-third Ordinary Gen-ments of rico promise to be good this tirely owing to the action of the eral Meeting of the shareholders of year. Ceylon continues to enjoy a Cantonese in January last, when the the Chartered Bank of India, Austra-period of prosperity with its active

Briti

banks were closed down for lin and China was held on the bank's markets. of ten and rubber, For

days. I regret to say that it вото premises. 38, Bishopsgate, E.C.

in- weeks the oxport and

has been

found necessary to close trado of

Was Ceylon Sir Montaga Cornish Turner (the port

down again owing to a strike of striko inblocked by

of chairman) presided and said

ware- Chinese employees in the banks, who part have now the pleasure to house coolies. I cannot help think-

have made preposterous and ridicu Was partly ing that this strike present the report and statement of

lous demands. We are satisfied that accounts for the year 1020.

political, for it comcided with the

our Chinese staff is really loyal at In attempting a a review of the expected arrival of the tropships en heart, but the agitators have simply circumstances affecting the operations route to China. it so happened that used intimidation to compel our em

work.. cense of this bank one realizes the presence the troopsiups did not call at Colombo.

Bloyees

Our In Singapuro, Penang and the of one particular condition which has

thy and admization must be

extended to our prejudicially affected the trade both F.M.S. business has been quiet.

follow- of Past and of the West, and has decline in the price of rubber from countrymen in Hankow, who, in spite enused a set-back in that improvements. d. to 1s. 74. n ib. has naturally of humiliating, persecuting, restrain-

affected shipments, in business which had been so con-

but the rubbered themselves from any action which adently expected and reasonably anti-industry is in a sound position, and might have given an excuse for active cipated early in the year. That the future can be looked forward to hostilities on the part of an over-

with considoncu.

The condition has been "labour unrest,

"record" price

whelming force of Cantonese and the resulting in. atrikes either for of tin, which last year averaged unrestrained violence of a savage economic or political reasons, or for £280 per ton and is now quoted at mob. both. The result has been in many 300 per ton, must greatly add to the

the Straits. cases a temporary paralysis of trule, prosperity

the most in- In regard to Java, involving immense, uses to all con

These strikes have occurred teresting feature is the invasion of not only in Great Britain, but also the pince goods market by Japan, and in india, Cryton, Hongkong, Canton, competition in that market is keenly Hankow and Shanghai, mainly felt by importera of British goods. directed against British interests. Some mulig influence is at work the damage specially designed to interests of this country. Labour is forgetful of the fact that the strike twofold weapon, which hits the tor striker as well the employer,

44.5 it means, among other things. when in this cunia tu excess, as it was country hot year, a loss of markets which cannot easily be recovered, and

|

Situation in China. As regards China, it extremely difficult to hazard any opinion as to what may happen in the futuro, or even from day to day. Presumably there will be North and South Re- publies, or even a third Central Re- public, but this can only be decided when the contending forces of North and South hayo exhausted themselves, or, as we may hope, have come to a

Ly settlement, which.

provide a t eally good, efficient Civil Government

this lows

means more ***, of markets unemployment and lower woges, In fact, strikes at home are simply an encouragement and help to our com- petitors in foreign marketa,

We notice in India, for example, when our iron and steel factories were cloud down, considerable decline in the imports of British iron and steel, with: ports from Belgium and Granny show a very areas, especially at the close of 1926.

Conditions in India.

As regards India, certain conditions have arisen which have tended to make the past season less active than we expected. In the early part of the year wheut and seed shipments were most disappointing.

or Governments for the country. All that the British merchant aske real settled

for is the existence of and effective Government, with

security for life and property, that peace and good-will should prevail, that trade should be possible not only nt the seaports but up country, and that transport should be feasible by rail or river without fear i interier- ence by bandits. At present this is not the case. Railways and the ilway plant are in the hurtus of the cailitary. Water carriage is almost impossible owing to piracy, and pro ducers have to make recourse to the This was pack and the barrow to get their goods in a measure due to pourness of win-to the purchasing markets. It is ter rains and failure of crops is certhat the value of property held by well to remember that it is estimated tain districts. so that exports early in the year were about one-tenth of British subjects in China reaches

£360,000,000 sterling,

Further, wo the previous season's. In anticipa- tion of further scarcity, imports of hayo to bear in mind that the value Australian wheat have been arranged. of exports from Great Britain and Then the uncertainty as to the fixed India to Hongkong totalled $5,639,000 sterling, ratio of the rupee resulted in trade and to Cha £27,678,000

being held back, and this caused while the imports from Hongkong to bilig unemployment of funds laid down by Great Britain and India represented banks to meet ordinary trade te £1,300,000, and from China $14,000,- quirements. Another

disturbing 000. In other words, Great Britain cause has been the fluctuation in the and British India alone were interest-

ed hua Jute price of raw material.

in trace with Hongkong and China shown a drop of nearly £20 per ton last year to the extent of $48,000,000 between the early part and the close

sterling, of hat year, the price varying from £50 per ton.

crs

Position of Cotton.

British Government's Necessary Action.

Д

It 19 fortiuate, indeed, that the Bel tish Government decided to send protective force to Shanghai--(hear,

should hear) or we

have дест similar seches to that of Hankow and Nunking repeated at Shanghai, and the position of foreigners would haveO been unendurable. Our fellow- countrymen in China ove much to the British Army and Navy. (Hear, hear.) No impartial observer could possibly

the criticize action of the Home Government in thus taking what was really absolutely necessary action to protect the lives of our fellow-country-

me.

Our only regret might be that, with the knowledge, of what was happening in Canton for the past two or three years, serious diplomatic steps were not taken to counteract the insidious action of the envoys from Muscow,

commenced in

In Hongkong ani Canton business has been most difficult during 1926. The troubia which Canton in 1925 lusted until October, 1926, but even when the strike and boycott of British goods were sup- posed to have ended the boycott still remained. The silk business from Canton via Hongkong has ceased, and most of the aile business has been done via Shangħal

China

in 1823 was

China's Preparation for Hostilities.

As regard China's trade, it is "in-

fron

a rocont paragraph in teresting to note

The Timea that the value of arms and munitions of war imported into Tauls 800,000, ir 1924 Taels 1,615,000, in 1920 Tac's 7,311,000 but the bulk of the imports coming from Germany. This shows the preparation that has This been made for hostilities on the part all the of the Chinese. In spite of

adverse to foreign circumstances trade in China, it is remarkable that the receipts from the Maritime Cus- toms showed an increase of Taels

over the revenue for 1925. 7,000,000

In China the future is at present rather dark and obscure, but we must not take too gloomy a view. The Cantonese free of Moscow influence would, I believe, be capable of

govern ing their sphere of China wisely and well. At any rate, it is a question of patience, of hope and endurance, and we must remember that the Chinese race with 4 vast amount of common sense.

Position in Japun. In Japan trading concerns generally and specially importers, have suffer ed from fall in values of raw material and of the manufactured article, Excessive competition has also added to the lasses sustained generally. A few unimportant banks have had to close their doors. The yen s steady at about par value, and the finances of the country as a whole are good.

We must also recognize what has led up to the present situation. The spirit of nationalism, which was the outcome of education and residence Cotton, both American and Indian, in the West was quite understandable has also shown an appreciable drop-and could not be legitimately object- in the case of American cotton at ed to. It has been in existence for least 38. per lb. and as long as the considerable time, has grown rapidly, uncertainty of price existed, import and has permented both North are a wonderful

China. The danger of Manchester goods had to work South warily. Deniers in the bazaars re- when the Communistic element-the fused to give orders until stocky had spirit of hatred from Moscow per- off and the drop invaded the councils of Cantorum been worked, price wna practically played out. this Communistic spirit has grown the am glad to hear that quite recently intense anti-British feeling and the atisfactory orders have been placed so-called spirit of anti-imperialism. by Indin in the Manchester market.

An American Writer's Opinion. Of course, Manchester still has to

An American writer, Mr. Silns H. compete, in certain classes of goods, Strawn, in an address before the In- with Northern Italy and the Con- tinent, and also, in the case of cheapernational Chamber of Commerce at Colorado in December laat, has thus goods, with Japan. But in the case of Japan it is the Bombay mills which summed up his view of conditions in

Taw cotton Japan's import of China after careful, investigation of suffer most from Japanesd enmpeti-facts and from a fairly good know. amounts to 3,386,000 bales, of which:

ledge of the conditions

which he had 1,840,000 are taken from India and Exports of cotton from India were affected by the record American crop obtained us a member of the American 1,130,000 from America. Imports of

of lato. and consequent drop in value. It is group attending the Tariff Commis-American cotton have been especially Her exports of aik heavy interesting to note that India has son held at Peking in 1926:

submit that anyone America, but her manufacturers" of

the direction 1 therefore

have been mainly

of imported

who has investigated conditions, in grade Americ air amount of low

cotton, which was

China used for local mill consumption, and extra-

must conclude that cloth find markets in India, China, and Java, and are in serious competition unequal treaties, tok the place of certain Indian imperialisto, and the other slogans to with the products of Lancashire and

des extra-territorialitv. , of which supplies were which I have referred have nothing Bombay in low-class goods.

and too expensive to meet to do with China's troubles. These requirements. About 200,000 bales to do

Catchwords of American cotton may be imported the agitat

are being overworked by agitators, muny of whom are season. It is hoped that with Bolshevists, the politicians, and the the fail in the price of cotton the militarists to conceal from the long- Bombay mills may show a distinct suffering, patient, and

a decrease of £4,220,192 10. Bd. on industrious people of China, the pathetic fact the corresponding figures of the pre- tinued to enjoy prosperity, thanks in and enslaved to serve the ambition of factory

But, on the whole, India has con- that they are being impoverished vious year, which is not surprising

when regard

gard is paid to the unsatis a great measure to her experts

conditions which

prevailed for greed and both jute and tea, and she can show briance of trade in hor favour

These are striking worda and amounting to £82,270,000. The pros serve attention. perity of the country is shown by that remarkable satisfactory Budget

Strikes and Boycotts, recently produced by the Finance Although a certain amount of trade Minister, Sir Basil

We has been possible in North China, at'

Lhis

revival.

SALESMAN SAM

You KEEP AWAY FROM MILLY, SAM,

OR ILL FIX

•You

A

Blackett.

IT TAKES MAN TO DO THAT,

KONRAD KAKEETER.

на

CINARY PRCHANGE?

of

the war lords Aaggrandisement."

de-

The Bank's Balance-sheet. Turning to the figures of our balance-sheet, it will be seen that our total amounts to £66,645,965 190. 74,

in India and in China during the period covered by the accounts.

Our current accounts and fixed de- posits, total £50,037,305 2a. against £1,131,281 128. 6. for the "Jame period in 1926.

Continued on Page 13.)

Good-bye Konred

LISSEN HERE, KAMEETER - YOU'VE STARTED ENOUGH TROUBLE AROUND HERE. ON ACCOUNT OF MILLY - GET CUT!!

FIRED!!!!

YOU'RE

SIR-ILL HAVE YOU UNDERSTAND I WAS

RAISED IN WEST VIRGINIA

1927.

Frigidaire

Can be installed in any good Ice Box at small cost.

Call and inspect the demoustration sets at the Showrooms of

The Hongkong Electric Co., Ltd., Hongkong. China Light & Power Co., Ltd., Kowloon. Macau Electric Lighting Co., Ltd., Macao.

Sole Distributors-Hongkong and South China

THE UNION TRADING CO., LTD.

Princo's Building.

Cheese

The Ideal Food

Healthful Nutritious Economical

--- But be sure that it bears the labol

KRAFT

SCHEESE

J. E. E.

ASK FOR THE ILLUSTRATED RECIPE BOOK

Cheese-and Ways to Serve it

From all High-Class Stores.

98

Sole Agents Connell Brothers Co. Bank of Canton Building.

GREEN ISLAND CEMENT Co., Ltd.

MACHINE MADE WIRE-CUT

BUILDING BRICKS

Stocks on hand

For particulars apply to:-

WELL- IT'S TOO BAD

TH HOPE

BROKE

J. GUZZLEM.

SHEWAN TOMES & CO.,

General Managers

St George's Buliding

By Swan

NOW LET'S TA' REST OF US STICK TOGETHER WE'LL GET ALONG WITHOUT THAT CAKE-BATER,

KONRAD

SCOTT'S

Emulsion

라

"The protector of life

ܪܕ

BAYS