1927-09-07 — Page 9

HONGKONG MARKET

PRICES.

DISCUSSION AT SANITARY

BOARD MEETING.

THE HONGKONG TELEGRAPH,

WEDNESDAY, SEPTEMBER

1927.

LEAGUE

FOOTBALL.

bla Scheme should be worked out for collecting vegetables grown in the New Territories and transport ed cheaply to Kowloon and Hong- keng. A pertinent question would ENTRIES FOR FORTHCOMING BANQUE DE L'INDO-CHINE.

on

If

be: Has the railway administra- tion been approached to reduce tho freight on perishable goods to Kowloon from stations within the At a meeting of the Sanitary border? These and others are residents which Board held yesterday, the question questions of controlling market prices in would appreciate the views and Hongkong was discussed. Mr. J. recommendations of the Market P. Braga who brought up the ques-Prices Committee, tion, referred to the high prices

Hongkong is earning the unen- prevalling in the Colony and attri- viable reputation of being the most buted it somewhat to the influence expensive. Colony to live in. of the Butchers' Guild which had this abnormally high cost of liv- the effect of erasing competitioning could be put down as the re- in Hongkong markets

suit of any recommendation the Mr. Braga dwelt on the possi- Committee is capable of formulat- bility of lowering prevailing ing, I feel sure residents will have prices by encouraging and offer reason to be grateful to its mer- ing facilities to farmers in the bers. New Territories and suggested. that the railway should co-operate as far as possible so that local growers could bring their price: down to mark which would enable them to compete with in- porters.

Mr. N. L. Smith the Chairman, replied at great length to. Mr. Braga's speech and pointed out that the control of market prices was no concern of the Sanitary Board. Mr. Smith pointed out that so long as the population of the Colony was so great there was no possibility of expecting the New Territories to supply suffi- cient to lower the prices of in ported foodstuff.

Dr. Koch's Suggestion.

cessary papers

SEASON.

HEAD OFFICE

BANKS.

HONGKONG AND SHANGHAI BANKING CORPORATION.

- ་ -।

$50,000,000 $20.000.000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

(Incorporated by Rayal Charter 1838.) HEAD OFFICE:-LONDON,

96, Boulevard Hansemann, PariA." Pald Capital Subscribed Capital

pr. 69,400.000.00 F. 13,000,000.00 Fr. 20,334,519.10

Authorised Capital Imed and Fully Pal Reserva Funda

Storing

£6,000,000

Fall up Capital

... 18,500,000

NOUMEA

Reserve Libility of Proprie

tora

$20,000,000

PALECTE

BRANCHRS:

The management committes of the Hongkong Footbull League met yes- terday afternoon at the Volunteer Reserve Fund... leadquarters for the purpose of HC- cepting the entries for the forthcom- for the three Leagues, Mr. G. T. May in season and to arrange the fixtures presided.

On the list of entries boing put le the meeting Capt. Austin queried the conduct of the Chinese teams last year in the fulfilment of their engage. ments.

It was stated that on several oc

to play some of their matches. casions the Chinese teams had failed

It was proposed from the chair that the teams as entered by their respective secretaries be accepted but Mr. II. M. McTavish proposed and China Athletic Association which had Capt. Austin seconded that the South: entered no less than six teams in the three Leagues be limited to one entry in each League,"

The amendment was put to the meeting but was defeated by a large majority there being only two votes in favour of the exclusion of the bal ance of South China's teams.

DANGKOK DATTAMBANG CANTO CANTON DJIBOUT FORT-BAYARD HAIPHONG HANKOW HANOI HONGKONG MENGTZE NAM DINE

1

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Mr. E. de Sousa asked what assur anee the Scots Guards and the Queen's Regiment could give that they would Authorlued Capital be able to complete their fixtures.

Mr. N. L. Smith said that he was sure that the Committee of which he was a member would be glad to submit to the Board a full report, if that was the desire of the Board. They had no wish to shirk their responsibilities in that res- pect, but after consideration, the Committee thought that if the no were circulated among the members of the Board hit would be seen that the Commit- tee had not at all been dormant. in fact, at this stage he would like to thank the two Chinese members for the time and labour given by

It was pointed out by Rev. Alex- them as members of the Commit-ander that, na assurance could be fee. The Committee also felt that given in respect of these two regi Those present were Mr. N. Lany report they might make would ments. If they were withdrawn from be bound to be in a way negatived. the Colony then their fixture would Smith (Chairman). Dr. S. W. Tso, he thought that the Board should have to be enncelled. Dr. G. W. Pope, (M. 0. II.). Mr. Wong Kwang-tin, Dr. S. C. Ho, bear in mind that the regulation of Mr. J. P. Braga, The Hon. Mrmarket prices was not in any way H. T. Jackman and Mr. D. Davies their concern as a Sanitary Board, (Secretary),

this

that never had been and, he ven- tured to say, it would never be.

Mr. J. P. Braga said: "I sug-

The Committee was appointed gested that this question of the prices of fresh footstuff's should consequence of a question which Dr. Koch put in May 1926, and in be brought up for discussion to- day, because it concerns a mach which D. Kach asked whether the wider sphere than the limited Board which let cut stalls in the market could not, at the same time, circle of membership of

take some steps to stop what he Board. It is a question that described as profileering, and to fects all classes in longkang.which he, the Chairman, made re Another reason why, i warted anly, and suggested with the consent opportunity for a public discussion of the members that a small com- of the prices of the daily necess

mittee. consisting of himself and saries of life is because public a-

the two Chinese members of the tention can be drawn to the fact that the incidence of the high cost Board, be apprinted to go to the of living in Hongkong is bearing question of prices of food which

The Entries.

Bulueribed Capital J'aid-Up Caplin

Resort Fund and rest....

BANKERS:

£3,000,000 £2,100,000 £1,050,000 £1,540,567

The Bank of England and Midland Bank, Limited.

BRANCHES:

Bangkok Batavin Bombay

Howrah

Penang

Kandy

Катасы

Calcutta Colombo

Madras

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Port Loui Kangoon her Hhary Shanghal Kuala Lumpur Stra

Singapore Surabaya

Hongkong

New York

(Maruitium)

The following teams were accepted Detai for the different Leagues:

Galle

HONGKONG BRANCHES:

HEAD OFFICE: DONGKONG.

Court of Directors: Hon. Mr. D: 'G. M. Dernard' Chairman,

A. IL Compton, Sag..

Deputy Chairmad."

W. . Bell, E.

N. S. Brown, Esq.

A. Macgowan, Eng.

AMOY

W. L. Patienden. - Esq. T. G. Well. Ea

H. P. White, Eq.

C. D. 8. Mackin, Esq. Acting Chist Manager:

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Current Aecourts opened in Local Currency and. Fixed Deposits received for one year or starter period in Local Currency and Sterling ob tore, which will be quoted on "appiication.

Hongkong, 7th April, 1927,

'HONGKONG SAVINGS BANK.

The Business of the above Bank is con- ducted by the HONGKONG AND SHANGHAI BANKING CORPORATION. Rule may be obtained on application.

FOR THE HONCKONG SHANGHAI BANKING CORPORATION.

A. C. HYNES. Acting Chlef Manager,

THE BANK OF CANTON, LIMITED.

Senior Division-Royal Artillery. Royal Air Force, Chinese Athletic" Association. Kowloon Football Club, K. O, S, B., Hongkong Football Club, South China Athletic Aspociation Hongkong Police, Club de Recreio 2 per cent. per sonun on Daily Balance and arren Regiment, Scots Guards and the Queen's Royal

Junior División "A."-Royal Ar- tillery, Chinese Athletic, Kowloon, R. O. S. B., Club, South China “A," South China "B" Reercio, University and St. Joseph's.

Athletic,

Junior "B."-Chinese South Chinn "A" South China "B," Boy Scouts, Kurg Wo Athletic As-

Kowloon. sociation, Moslem, St. Joseph's and

very heavily on the class least cap was sold in the markets, and which games should be played on October 1

able of shouldering the burden.at that time, was felt to he ex- tremely high, and if possible to I speak of the middle-class wage-

make recommendations to reduce earners, the tendency of whose in- come is towards reduction, because these prices. This was in May of the difficult times through which 1926, when it was not the worst the Colony is passing, and whose period of the boycott, but when the expenditure "goes on increasing in boycott still existed. an inverse ratio.

When a Sub-Committee of this Board was appointed to go into the question of the prices of fresh foodstuffs, the remark was gener- ally heard that great things might be expected from its labour to keep down market prices.

Before 1925 the main supplies. for meat, that was to say, eattle and pigs, were brought from the West-River and, to a certain ex- ten, also from San Mei.

These

It was decided that the opening and the drawing for the first matches resulted as fullows:

Senior Division.

October 1.

"

South China Rayal Artillery. K. O. S. B. v Police. Club v Chinese Athletic. Queen's Recreio. Kowloon v Scots Guards. R. A. F. bye.

October 8.

R. A. T. V. Chinese Athletic. Club v Kowloon.

South China v Becreia. K. O. S. R. v Royal Artillery. Police Scots Guards. Queen's bye.

Junior Division “A.".

October 1.

Royal Artillery St. Joseph's. K. O. S. B. v Kowloon. Recreio v South China "A." South China "R" University. Club Chinese. Athletic.

Junior Division “B."." St. Joseph's v Boy Scouts. Puth China "A" y Chinese Athletic Rune Wo v South China "B." Kowloon v Musfem."

Every description of Bankink and Exchange Business transacted.

Interest, allowed un" Current

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CL.. C. SANDES,

1. Queen's Road Central.

Hongkong. April 17th. 1920.

Manager.

THE BANK OF EAST ASIA, LIMITED.

READ OFFICE:-UONGKONG.

10, Den Vurix Road, Central, Hodgking.

Authorized CapRat

Pakian Capital

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BRANCHES AND AGENCIES:-

Batavia

1 bay

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Every description of Banking and Exchange Leang'granted on ap- BUS Ianansted, praved securities.

Established 1812.. HEAD OFFICE: HONGKONG. Authorized Capital (Hong Kong

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Capital (long Σύστησε Currency} Reserve Fund (Hong Kong Cur

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Reazrve Fund

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Philippine L

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J. GEORGE.

Mazarer

Hongkong. 26th February, 1927.

THE NATIONAL CITY BANK OF NEW YORK.

Capital, Surplus

and Undivided Profits

U.S.$140,000,000 Commercial and Travellers' Let- ters of Credit, Travellers' Cheques, Bills of Exchange and Cable Transfers bought and sold. Cur- rent accounts and Savings Bank accounts opened and Fixed De- posits in local and foreign curroa. eies taken at rates that may be as certained on application to the Bank.

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Safe Deposit Boxes (various sites) at a Yearly rental s from $5 to $40.

LOOK POON SHAN.

Chief Manaver,

Ilongkang, 18th February, 1927.

NEDERLANDSCHE HANDEL-

MAATSCHAPPIJ.

(Netherlands Trading Hacialy.)

BANKERS

ESTABLISHED 1821.

HONGKONG OFFICE: 11, QUEEN'S ROAD, CENTRAL Authorised Capital.....Guilders 150,000.000,- (£12.600,000.) .Cuilders 80,400,000.- (20,666,€70-)

SAFE DEPOSIT BOXES to let

KAN TONG P..

Chief Manager,

Pald-Up Capital

Reservo Fuad

LINGUAPHONE LANGUAGE RECORDS

ENGLISH.

FRENCH.

two places, in the matter of cattle, supplies about 86% of the total From importations. During the trouble. time to time the pertinent question of 1926 and right on till October has been asked in the Press whe-1926 these two ports were entire- He had no doubt in ther the Committee was still inly elesda, existence and to what extent saying that the same cattle came was controlling the market prices. here via Kwong Chow Wan, bat But for all the community knew naturally the dealers have had to the Committee remained dormant pay all sorts of dues before they and now it is suggested that no crossed the Freach country and of good purpose would be served by course it was more difficult to direction the Committee issuing a report bring them from this and, therefore, it is proposed that than from the West River. no report be issued. I regret such

No Inordinate Profits. a decision. I would go further and ask the members of the Com- He thought the papers which mittee to reconsider their decision. had been circulated to the board A-report by the Committee, if pub would indicate the lines on which lished, would be of very great public the committee had proceeded. interest. It would, besides, invite The committee saw every month public criticisms and possibly use the wholesale prices of cattle and

mittee appointed to go into the ful suggestions for keeping down swine and were able to keep a prices for the benefit of consum-careful check on them. They talk matter, that as long as there was ers at large. Without any reported for considerable lengths of human nature, they would find the public is entirely in the dark time with inporters of cattle and people who would buy cheap and as to the steps (if any) taken by swine and interviewed the represell dear and the only way in which the Committee to reduce produce sentatives of the butchers. They that could be kept in bounds, for Brices. For example, a few also had the advice of the Colonial a monopoly such as the markets months ago the price of bread was Veterinary Surgeon who was in undoubtedly gave, was to have shoved up because of the higher close touch with them in such mat plenty of markets, and, he thought price of imported flour.

ters. And the committee came to the Board would agree that they price of this latter commodity the conclusion that it was correct would want to extend their market must surely have fluctuated since in saying there was no inordinate programme as soon as conditions

In the Colony allowed. then, and yet our bread price has profit being made by the actual retailers; Le. that the figures prov- remained fixed.

ed that the increase in price was due to the higher prices ruling As regards market produce, I at the ports of origin. The prices came down in a marked degree car have my doubts that prices are re- gulated strictly by the laws of ly this year but these had again gone up, a certain amount since, supply and demand. It is suspect- ed that the influence of the But though, cf course, nothing like chers Guild is the greatest de- what they were during the boycott. termining factor, and it would be

A regards what Mr. Braga Interesting to learn to what ex- tent the Committee has succeeded, said of the increased prices being if at all, to undermine the power due to the pressure of a ring or markets, and that was the rea MRS. J. CRAWFORD.

:

Supply and Demand.

The

of that Guild. There is no such guild, he thought that anyone who thing, as competitive prices. in our markets, which goes to be out the belief that between th, but chers and the compradores pricea are kept up to the prejudice of the

consumers.

It

had been in the market could see that there had been a very healthy competition and that if it should go any further, prices were sure to come down. That was bound to be the case where perishable commodities like beef or pork were concerned. "Another thing was that the prices seemed to range al- most exactly on 'a curve which co- incided with the actual supplies in the Colony: That was to say. when there was a glut, for some reason or other, of cattle they might expect the prices to drop few cents and when there were a few hundreds of cattle less, then the prices were bound to rise a few. cents,

Another striking fuet is the phenomenal increase in the prices of Chinese vegetables as compared to what they were a few years ago. This big increase, hits the poor working classes very badly. would be interesting to learn from the Committee whether any effort has been made to obtain a larger supply of vegetables for our mar kets from the producing districts of the New Territories. A factor Against the New Territories far- ers is the difßculty and the high cost of transport from the produc ing centres to our markets in He was not sure whether he Hongkong. In the present age of should make this remark, except mechanical transport some feasi-that he was a member of the Com-

More Markets.

files

As regards local reductions the Committee had the advantage of secing a large number of which he brought down on the subject of the encouragement and

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was not very easy to say much on the subject, the New Kowloon ve- getable men had an undoubted nd- within vantage that they were carrying range of a number of why the whole of New Kowloon was under vegetables.

In the New Territorios It was. rather difficult, as they had exten- sive transport to cope with which cost considerably more. It would cost more to bring vegetables in

water transportation. So long from Shatin than from Shekki by as the population was so great that It must depend upon imported pro- (Continued on Payo 10.)

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