1932-05-06 — Page 22

10

THE

BLUE FUNNE

REGULAR AND FAST | PASSENGER SERVICES

FREIGHT AND

LONDON SERVICE

ANTENOR

PHILOUTETES

11th May For Marseilles, Hull, London, 17th May for London, Rotterdam &

LIVERPOOL SERVICE

TEVOER

ATREUS

10th May

3rd June

Rotterdam & Glnagow

Hamburg

For Liverpool & Harro For Liverponi & Harie

NEW YORK SERVICE ADRASTUH 110. May For Boston, New York & Baltimore

vis Philippines, Port Swettenham

& Singapore PACIFIC SERVICE (vin Kobe & YokohSED KĮ

IXION TANTALUS

4th Jann For Victoria, Van'vor & Santtle 24th June For Victoria, Vaivor & Beattle INWARD SERVICE MENTUR Due 8th May BHEXENOR Die 10th May Specially reduced taros are quafed for cargo strujours

Umited pawenger accommodation,

For Shanghai, Kobe * Yoko.

From New York

with

For freight, partage rates and information apply to the staker-

montioned.

All bookings are subject to the provisions of the Company's

Bill of Lading.

BUTTERFIELD & SWIRE.

Avonte

ENY.K.

Reduced Through Tickets to Europe via U.S.A. Varying from £79 to £120-on 'Salo.

San Francisco via Shanghai, Japan Ports & Honolulu.

Shinyo Maru

„Sunday, 16th. May,

Wednesday, 1st June.

Scattlo, Vancouver via Shanghai & Japan Ports.

Chichibu Maru

Hikawa Maru

Hlye -Maru

.Tuesday, 24th May. Tuesday, 7th June.

& Suez.

London, Marseilles, Antwerp & Rotterdam via

Singapore, Penang, Colombo

Suwa Maru

Fushimi Maru

.Saturday, 14th May. .Saturday, 28th May,

Sydney & Melbourne via Manila & Ports.

Kitano Maru

Atsuta Maro

.Saturday, 28th May,

Saturday, 25th June.

Bombay via Singapore, Penang & Colombo.

iyo Maru...

Tottori Maru

Wednesday, 11th May. .Sunday, 29th May.

South America (West Coast) via Japani, Honolulu,

Los Angeles, Mexico & Panama.

Helyo Maru

..Saturday, 21st May.

New York, Boston via Panama. Liverpool via Saigon, Port Said, Marseilles, Genoa &

Valencia,

*Toyooka Maru

„Thursday, 12th May.

Calcutta via Singapore, Penang & Rangoon,

*Genoa Maru

*Malacca Maru

Kobo & Yokohama.

Terukuni Maru

*Durban Maru

Tungo Maru

"Cargo only.

Monday, 9th May. Sunday, 15th May.

Thursday, 12th May. ..Saturday, 14th Mny. ..Monday, 16th May.

For further information apply to:-

Tel. 30291.

NIPPON YUSEN KAISHA. (private exchanges, to all Depts.

INDO CHINA STEAM NAVIGATION CO., LTD.

Destination.

Steamers.

To Taingtou via Swatow Yatshing

& Shanghai

Hanggang Norviken Chaksang

To Singaporo, Ponang & Kutsang

Calcutta

To Kobo via Amoy &

Osaks

To Moji via Amay,

Yuonaang Kumsang

Suisang

Yoko., Osaka & Kobá

To Sandakan

Hinsang Yugang

Ballinge.

THE HONGKONG TELEGRAPH. FRIDAY, MAY 6, 1932.

LOCAL TRADE OUTLOOK

CHAMBER'S CHAIRMAN ON THE FUTURE

COLONY FORTUNATE

pect of Imports, this represents a Tall of a little over 20 per cent, as compared with 1924, and in the case of exports of approximately 30 por cont. This can in the nature of things, be only a rough_calcula- tion, but if it is anything-like cor- rect we have some cause for satis- faction.

As Hongkong residents roturu from furloughs spent in many different parts of the globe, and The annual meeting of the Hong- each pours forth the depressing as he found kong Chamber of Commerce yea-story of conditions torday was notable for a review them in the particular country of trade conditions by the Chair-visited, one cannot help entertain- man, the Hon. Mr. W. H. Bell, who ing feelings of thankfulness that dealt, inter alia, with the silver Hongkong's peculiar position in question, stabilisation und the world economy Booms to protect it future outlook.

from the worst offecta" of "the an on- The Secretary having read the economic blizzard". An notice convening the raceting, the trepot at the doorway of South Chairman said:

China, and as a place of security ac-adjacent to a great country in which, unhappily, insecurity is all too prevalent, Hongkong is bound to be, even in the worst times, the centre of a certain minimum of world trade. To those of us whose interests are here, that in enuse for thankfulness.

Gentlemen, the report and counts of the Chamber have boon in your hands for some days, and I rise to move their adoption.

Before touching upon some of the important questions which have been considered by your Committee during the past year, I am sure you

I must digress for a moment to would wish rue to express, on your behalf, the regret which we feel nt tell you that some of my colleagues that I am rather the losses the Hongkong business consider community has sustained by death optimistic as regards the position since our last annual meeting. of the port of Hongkong. I would Sir Newton Stabb had not resid-emphasize that I am comparing the that ed in the Colony for some years, position of Hongkong with but he was well-known to most of of the rest of the world, and morely us, and through the London Office because I say that wo have not been of the Hongkong and Shanghai

so badly off I do not mean to imply Bank continued in close touch with that business has been good-far It has been very difficult the Colony, whose interesta ho from it. always had at heart. He was for

Indeed, but it does not appear to have been quite so bad as in other years a valued member of your General Committee. His denth is places. a great loss to the Bank and to hla many friends.

As regards the future, Hongkong la equally dependent with the rest We have also to deplore the

of the world on a prompt adjust- untimely deaths of Mr. W. A.

ment of War Debts, to which I have, Hannibal, Mr. S.A. Arthur and Mr.alluded earlier in my speech, and M. Manuk, the last-named a victim must feel the results, whether for of the present epidemic of good or ill, of the Exmomic Con- meningitis. "Mr. Hannibal helped us

ference to be held at Lausanno be- greatly in matters connected with fore very long. In the meantime espart trade; Mr. Arthur also serv-caution combined with the strictest ed us well on the Export Com-economy should be exercised by all, mittee, and Mr. Manuk's special including the Government. knowledge of trade between Aus- iralla and Hongkong was willingly placed at our disposal.

World Trade Depression,

Trade Statistics.

Last July your Committee cir- cularised members requesting their co-operation in making prompt and accurate declarations of imports and exports to the Statis- lical Department of the Hongkong Government in order that records might be made of local trade reasonably accurate. This step was taken in consequence of a re- port by the Superintendent of Im- porta and Exports that, since the the Depart- re-establishment of ment, a monthly average of 4,000 reminders and queries was

neces-

A year ago world-wide trade de pression was the topic of most peeches from the chair at annual meetings of Chambers of Com merce and Banks, and, ns you know, the downward movement has con- timed without interruption, culminating in a state of financial depression and chaos which is almost unprecedented. The piling in one or two creditor countries of vast boards of gold, by refusal to accept payment in goods, has gravely disorganised international trade. One of the results has been that Great Britain has been forced off the Gold Standard, and this has been followed by many other coun- tries going off the Gold Standard voluntarily.

I am glad to learn that the num- Conditions are still

the too obscure for me to feel justier of queries dealt with by fied in risking any prophecy as Statistical Department has been regards the future.

It is obvious, however, that the burden of debts arising out of the European War has become in- tolerable and must be adjusted speedily if revolution and conso- quent rain is to be avoided. It has still to be seen how long it will be before stern necessity compele the nations to face their difficulties in a spirit of co-operation.

or

itated by incorrect returns, failure to make any returns at all. The year 1881 is the frat since 1924 În respect of which complete figures are available, and, from now onwards, records will be cor- respondingly more valuable.

considerably reduced of late, and trust that this indication of a gen- cral desire to co-operate will be

maintained.

Shipping Requirements. Work of considerable importance to Shipping in the Fur East has -connexion been accomplished in

The with the Simla Conference. problem was the modification of Board of Trade Rules to suit local The Silver Question.

requirements. As stated in the We in Hongkong are too far re-

Chairman's speech last year, the moved from the great centres of

Chamber of Commerce has had the

to government to be able wield

invaluable assistance of a Technical which examined in much, if any, influence towards the Committer settlement of these urgent interna-grent detail two voluminous books tional problema, though your Com-of rulea, and proposed a number of mittee supported the British Cham-amendments. Early in 1931 the ber of Commerce in Shanghai in Committee sat in almost daily con- ference for five hours a day with requesting the China Lasociation to make representations to the two representatives of the Govern- Marine Surveyors (Mr. British Government in favour of ment international action on the whole Lambert and Mr. Swan), of whose question of silver, particularly helpful collaboration acknowledg-

thement is certainly due. affecting China trade and country's ability. to

its As a result of this preliminary obligations.

work, and of further conferencea You will see from the annual held in Singapore, the Official and Hong- report that we have also given con- Unofficial members of the sideration to the recommendations kong delegation to the Simla Con- 45 u- united of the Hongkong Currency Com-ference went there mission. Supporters of stabiliza- body. Further, they had a cloue tion of the Hongkong currency in understanding with the Straits relation to gold had the ground Settlements and F. M. S. delegates, cut from under their feet when as well as with the representatives Great Britain left the standard to

of the Netherlands East Indies. which they desired to attach our The advantage of this was that the currency. You will no doubt have Far Eastern point of view read the Committee's views on this more effectively presented.

did not get all we subject, and I will not take up your though we fime by going into these somewhat wanted, we helped to see that the Rules set a fair and reasonable technical matters in any detail. Our main conclusion, with which I standard for the deck passenger or feel Bure the whole mercantile pilgrim trades with which the Con-

meet

woa AI-

3 p.m. community will be in agreement, ference was specially concerned.

Sun., 8th May at 10 a.m. Wed., 11th May at 10 am. Sun., 16th May at 10 a.m. Wed., 18th May at 10 a.m. Mon., 9th May at noon. Sat., 21st May at

Tuen., 17th May nt

Tues., 24th May at

7am. Tues., 10th May at 10 am. Fri., 18th May at

our

Com-

7 am. Was to support the Commission's You will permit me to repeat the

view that Hongkong is economically thanks already expressed in part of China and must remain on Report to the Chamber of a silver standard so long as China merce delegates, Mr. F. W. James docs; that while stabilization would and Mr. A. MacIndoe, and I am facilitate the conduct of certain sure they will wish me to acknow- classes of business within the ledge the skill with which the Colony, it would gravely prejudice Honourable the Harbour Master led To Tientsin via Swatow, Cheongshing Tues., 17th May at 7 am. the large import and export trade the Hongkong delegation.

Foochow & Chofoo

Fri,, 20th May at 7 am. of South China, conducted or

Chipshing

To Shanghai via Swatow Sandviken

noon.

Tues., 17th May at 10 a.m. For freight or passage apply to:--

JARDINE, MATHESON & CO., LTD. Telephone 80811.

General Managers. SUMMER TRIPS TO JAPAN.-Excellent first class accommodation

is provided for Round Trips to Japan, on Company's Calcutta Line Steamers, at the specially reduce fare of 1250. Those return tickets aw available for three months."

Revised Rules.

financed through Hongkong, which Is the sheet-anchor of the Colony's

Following the Simla Conference, prosperity, and would therefore the Government Marino Surveyors injuriously many other have prepared, or are preparing, revised rules for local shipping. The work done in this connexion before the Conferenco has not by'

affect branches of business,

Cause for Satisfaction.

In 1931, a year_of world-wide ↑ any means heen wasted. There is trade depression, Hongkong Im reason to believe that in Hongkong ports were valued at 737 million we shall be able very largely to dollars and exports at 542 million achieve "legislation by agreement," dollars. The Statistical Depart thanks to the spade work already ment gives an estimato that, in res- ' put fo..

Your Committee has asked the Government to reconsidor ita policy in regard to the impoaltion of duties on perfumery and essences.

is reported to us by merchants that higher prices, consequent on the duties, have seriously curtailed the demand for imported toilet articles. Sales of raw materials to the local perfumery Industry are much diminished. Somo local factories have removed from Hong- kong to Canton to avoid the Chi-

nese import duties, but it is likely ARISTOCRATS OF

that their decision has been also influenced by the imposition of taxation hory.

Following our representations, the Government has revised the method of calculating the duties, bat has not yet seen its way to Tho altogether, remove them Chamber has pressed strongly for this on the ground that any inter- ference with the freedom of the Eort of Hongkong is to be deprecat- ed.

Piece Goods Dispute.

Questions now exercising the minds of merchanta interested in pleco goods and sundries were dis- cussed here so recently as not to require further detailed reference on this occasion. A conference has since taken place with representa- tives of the Chinese Pleco Goods Guild, and their criticisms of the present standard contract have been handed in. Acting under a

ARISTOCRATS OF THE PACIFIC

EMPRESSES

Offer the Utmost in

SPEED-SIZE-SPACE-LUXURY

AND

SERVICE

*.

"EMPRESS OF JAPAN"

- (*£1

THE LARGEST-FASTEST LUXURY LINER. ON THE PACIFIC SAILS

NOON, FRIDAY, 6th MAY

FOR.

resolution passed by the

by the General VICTORIA & VANCOUVER

14th.

Mecting of Importers on April, a special committee has been appointed by the Chamber of Com- merce to consider the question of revising the Chamber'a Standard Form and, if possible, bringing it more closely into line with the Manchester and Bradford "China Contract."

соля-

At the same time the Guild's views will receive careful deration, and it is hoped that it. may be found possible to make the Chamber's contract a standard for nll textiles.

Messrs. W. Brackenridge, L. J. Davies and K. S. Morrison-all, gentlemen possessing the necessary knowledge and experience-have kindly consented to form the Special Committer. We wish them every success in their difficult task of reconciling divergent views.

The Language School.

The number of students on the roll of the Langungo School during 1931 was 31, which is fairly satis- factory, although a smaller numTM ber than in the previous year. A new text-book, written by the Rev. H. R. Wells, was adopted about a your age, and is found to facilitate more rapid acquirement of the language. This is important, be- cause transfers to other ports make it difficult for students to "atay the course" if it is a lung one. In fact, our chief difficulty is the with- drawal of students, for various reasons, before they have obtained a certificate of proficiency. Tho Rev. H. R. Wells, Director of the School, will return in the Autumn, and I am sure that under his charge a high standard of instruc- tion will continue to be maintained.

It has been suggested that Mandarin Section should be formed in connexion with the School, and that instruction in Mandarin should form the basis for Can- tenese or other dialects. The great majority of the students attending the School are required by their firms' for work in Hongkong, Kwangtung or Kwangsi, in which districts Cantonese is the

only dialect which is universally used by the Chinese business community. The Committee takes the view that the period of tuition would be too long if students had first to qualify in Mandarin before taking up the atudy of Cantonese. I am afraid we should lose the support which has been built up with great diff- culty. Further, it is almost im- possible to obtain qualified teachers in Mandarin and atudents would have no opportunity for daily prac- tice in the use of the dialect. In response to a circular to members, only one firm favoured the forma tion of a Mandarin class, "and no further steps were taken in the matter.

The Accounts,

The Chamber continues to sub- scribe to Reuters service of com- mercial telegrams on behalf of noarly thirty members, amongst whom the cost is distributed. The

VIA

SHANGHAI, KOBE, YOKOHAMA AND

HONOLULU

NEW REDUCED FARES

TO EUROPE

SPECIAL SUMMER EXCURSIONS

TO JAPAN-HONOLULU—VICTORIA AND VANCOUVER

CANADIAN PACIFIC

President Liner

SAILINGS

Weekly Sailings Transpacific

To San Francisco, Los Angeles & New York

via Panama

To Seattle and Victoria

Fortnightly sailings on Tuesdays.

Fortnightly sailings on Saturdays..

May 10

Pres. Jefferson

May 14

Míny 24

Pres. Madison

May 28

..

June 7

Iren, Cleveland

Juno 11

Pres. McKinley Pres. Grant

Pres. Lincoln

ROUND TRIP FARES TO EUROPE & AMERICA. Special through rates to Europe via United States. Diroct connections with all Atlantic lines. Choice of rail lines acros United States and Canada, beral stop-over privileges for sight-seeing. Full particulars upon, application,

Fortnightly sailings on Sundaye via Manila, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Gonoa, Marseilles, New York and Boston,

Pres. Monroe Pres. V. Buren

Sun, May 15 Pren, Garfield... Sun., June 12. Sun, May 29 Pres. Palk

TO

Next Sailing

Pres. Monroe Prea. Grant

MANILA

Sun., June 20

Pres. Jefferson May 7.

May 15 Pres. Madison May 17 Pres. V. Buren

May 21

May 29.

CONNECTING WITH 5.S. MAYON TO CEBU, ILOILO,

ZAMBOANGA.

DOLLAR STEAMSHIP LINES AND AMERICAN MAIL

CANTON BRANCH-No. 4 Shakee Street.

LINE

charge per subscriber is reasonable SERVICE OF FAST MOTOR VESSELS

and a reduction could be made if additional subscribers were en- rolled. The Secretary will be glad to supply particulars to members who are interested.

As regards the accounts of the Chamber for the past year, it will be noted that Income from the two principal sources of revenue~~ membership subscriptions and rice. (Continued on Page 11.)

PROPHYLAXIS OF

CANCER

THE CYTOPHYLAPTIS METHOD OF PAGT, 7. DELBST

DELBIASE

Umangan sam se MATLESIUMN Bu form at issues

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(with Limited, but exceptionally good, passenger accommodation), Homewards to:

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M.V. "NAGARA" M.V. "NANKING" M.V.. "TAMARA" Outwards to:

Salling about

7th May. 29th May.

27th June.

SHANGHAI, & JAPAN PORTS.

M.Y. "TAMARA" M.V. "PEIPING" Passenger Rates:

Sailing about 28th May, 21st June.

Hongkong to Genoa Hongkong to 1st North

Continental Forts

"A" Class

£67

g" Class

452

£62

#57

THE SWEDISH EAST ASIATIC CO., LTD

Agents":

GILMAN & CO., LTD.

Hongkong.

G. E. HUYGEN,

Canton.