*
2
HONG KONG AND SHANGHAI BANKING CORPORATION.
Velámrland Capital, comunemen Anand and Fully Paid-up 90,000,00 Gore Funds 1-
Kring
*****, 650,000,0
£4,500,0X
Bil...,500,000
Beurre Liability of Propeistars... $30,000.00
HEAD OFFICE: HONO LONG
BOARD OF DIAZOTOÉS,—
J. 1. Plummer, Eng.
Chatman.
Hon. Mr. G. . . Atackle.
Deputy Chairman.
A. Hell, Kag.
A. 1. Compton, K-r.
3. Gander Emwis, Karp, '
AMOY
MANGKOK
BATAVIA
Finn. Mr. J. Paterson,
T. Pero, Eft..
T. . . shaw, Kaj.
J. 2. Wasso, Ben-
Acting Chief Manger. V. M. Graşteri, Kec.
DRANCEFE:---
LONDON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,
Incorporated by Royal Charter, 1859.
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund .....
Reserve Liability of Propelo-
tors
.£3,000,000
.£4,000,000
£3,000,000
Agencies and Branches:
ALUR STAR
KUALA LUMPUE
(Malay dialo
KUCHING
AMRITSAR
MADRAS
MANILA
MEDAN
NEW YORK
PENANG
BANGKOK BATAVIA HUN BAT
BALGUTTA CANTON CAWNPOBE
CEBU
DOLONED
DAIBER [Diaz,
douth Manchuria) DRLILI
PERINO
PESHAWAR RANGOON
HAIGH
HEMARANG
AKREMUAN BHANDIAL SINGAPORE BOUR&DA YA TAIPING
(P.M.S.)
TIENTHIN TOKYO
HAIPIISNO
BAMBURG
HANE W
HARDIN
(N. BéanokatİM)
TAVOT
LYNE
LÒNG XUNG
HALACCA
ILOILC
MANILA
POB
КАВЛОДА
ALUATE (Johnson
MAITON
TOO
ROMDAT
DALOCITA
DAISEN
10000%
LEFOND..
MUKDEN
MAGASAKI
SEW YORK
PELPING
PENANG
RANDOON
SAIOON
BAN PRANEWCA
HHANQUAT
BINGAPORE
BUBABAYA
TIMBULO MANKOW MARYIN
MUNDZIW
ILOILO
JGOR
BUNGE PATAN: FIESTAI
4028
KOWLOON
GUALA LUMPUR
THINGTAO
YOKOHAMA
De Jurvase spenat In Losal Currenst
and Fixed Depoble cared for one of were paced to Local Currency and Brilog sch will be quoted on application,
Hang nk, bet jail, 1991,
HONG KONG SAVINGS BANK.
The Business of the abere Back to occduce.
ed by the CNG K AND BULANOMAL MENING CORPORATION.
simised to application.
But may b
FOR THE TONU KONG A SAKOHAL ANKING CORPORATION.
V. M. TAYBURN,
Arting thief Stanger,
Hong Kong, 12ta Mazele, $90,
NEDERLANDSCHE HANDEL - MAATSCHAPPIJ, N.V. (SETMEBLANDS THADING BOCIETY) DANKZD3.
wwwwwwww.
Estadiiaked 1854. Key Long 03-11 Queen's Hood Central. Lethard Oxpital Osid 15,000,000- (12,000,000.) Puddle Capite!
Quiz 6000 200
-(0,006,087.) Reters Paná ............. Gulider 30,000,000- (RE,823,7) Head 6>—(AMSTERDAM'). Kantern Head (0.1-BATAVIA, MANCHE—Bandjamesto Jong')
Baby,
Calautta, Gabon, Djember, DE
karta) The Hague'), Jaddab, Kobe, Kota Badji, Makassar, Medan, Padang Palembang Tekstogo, Penza. Berdem'). Foot Range Bemarang).
Bibols (Bara), Bingapor Zarabala, Bouyakarta (Boto). Tugal, Kiilasing and Wellavidad."),
** These am have into degolt boss to Laden Bankeriations Provincial Bush Ltd.
Korrespondents all over the world
A. STOKKISK,
Beating business of every Lipios nected.
Act. Manuger.
ling Kong, 154 JApril, 192a
BANQUE DE L'INDO.CHINE.
HEAD OFFICE:
95, Boulevard Hanssman, Parlo. Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital...Frs. 68,400,000.00 Reserve Funds ....Frs102,000,000.00
Genthe
Canton
BRANCHES: Bangkok Hong Kong Quinhen
Saigon Battambang Hue
Mangtze Shanghai Nam Dinh Singapore Neumea Thanhea Tientsin Peking Tourane Prom-Pab Vinh Pondicherry Yunnanšu BANKERS:
Djibouti
Fort-Bayard Papeete
Haiphong
Hankow
- Hanoi
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; So ciete Generale.
IN LONDON: The National Pro-
vincial & Union Bank of England,
Ltd; Comptoir · National d'Escompta
de Paris; Credit Lyonnals.
BLANG
SORE
KUALA KANGSAR
Perak (P.M.N.}
TONORAN (Bbutes, TSINGTAO YOKOTIAMA ZAMBOANGA
(Philippine Islands)
General
Foreign Exchange and Ranking business transacted.
Current Accounts opened and Fix ed Deposits received for 1 year or shortor periods at rates which will be quoted on application,
A. H. FERGUSON,
Hong Kong, St. January, 1929.
Manager.
THE HO HONG BANK, LTD. (Established 1917.)
Authorised Issued
Paid-up
Reserve
CAPITAL.
Straits $20,000,000 8,000,000 4,000,000
Liabilities
of Shareholders. Surplus
THE CHINA
ABOLITION OF LIKIN.
SPECIAL COMMISSION ORGANISED.
COMMERCE
Shanghai, May 28. The Ministry of Finance has established # commission in Shanghai for the purpose of deal ing with matters connected with the abolition of the likin. The term of the commission is six months with Mr. Li Hung-chi in charge. Many members of the Ministry have arrived here from Nanking during the past few days to help in the organization work.
Mr. Chia Shih-yi, director of the land tax department of the Ministry, is busy preparing & memorandum in connection with the abolition of the likin and other The present "quasi-likin" taxes, programme of the Government is before to abolish Bikin October 18 next.-Kuo Wen.
on ar
P.I. SUGAR.
1,000,000 Business Men See Bright
Outlook.
2,520,000
HEAD OFFICE:-SINGAPORE. Branches, Agencies and Correspon- dents in the princips' cities of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOL
Menager. Hong Kong, 15th May, 1930.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO)
HEAD OFFICE:-Talpet, Formosa. Incorporated by Special Imperial
Charter, 1899,
an
The granting of Philippine in- dependence by Congressional action. sooner of later, will not menace the present status of the Philippine augar industry, which represents a total aggregate investment of P179,-) 000,000,
annual output of 650,000 to 700,000 metric tons and a yearly export of P100,000,000 a con- census of opinion gathered in Manila business circles shows.
While a concession of indepen- dence to the Philippines which provides nothing for a liberal trade relation between the two countries will naturally kill the sugar industry, local business and sugar men frank ly ace no justification for the Makong, Neute, Bainchi, Taisha, Tainan, United States Congress to follow that course in ruining a most im- portunt industry of the Philippines. It is believed that in the event Philippine Independence is granted, course will be followed to make the separation as little harmful as
ossible.
Central Banx in Formu.us.com
Besi-Notes Lissed. Árgraga amount,
BRANCHEA AND AGENCIES JAPAN:-Tokyo, Yokabazan, Kabe, Osaka. FORLOGA:-iran, Kagl, reaks Kafung
Takao, Tamul, Tosa. Udio, Tulio, HINA-bangkal, Elenium,
Swatow, Calico, OTHERS-log Kong.
ANOJ, Prochow Bloor. Sarabara, Ba
Bombay, Calcutta, Londra, New Yock, Dairen.
LONDON BANKELA: The London County Wesimtarise and Farr's Danka
The Back he Correspondents to the prio.
Dipal Commercial Cests throughout the waelās
LNAQURA
HONG KONG BRANCH,
Yowz Road Central Hong Kong. 19th January, 1990.
Малист.
THE BANK OF CANTON, LTD.
Established 1012.
Head Office--Hong Kong.
Authorised Capal (H.K. Curran, 11.000.000 Puld Up Capital raonsumatome moma. Bidz,ton Risers Fund 1,000,000
EBANOKES-
AND
FINANCE
MAIL.
the world markets. experts were led to take such steps by a general recognition of the fin ancial disadvantage of over prođug tion.
World sugar Beaf
The low prices of sugar at pre- sent will continue until the end of the year and local sugar producera should be contented with the pre- Better sent low margin of profit, prices are expected next year but the anticipated improved prices will not beneft the Philippine sugar crep, which is now drawing to a close. The prediction of an im- proved sugar market next year is based on the estimated smaller world sugar crop this year instead of the usual million ton annual in- crease in world production,
COAL PRICES:
Falling Export Demand.
The resumption of work after the Easter stoppage found the coal trade rather Worge than
TUESDAY, JUNE 10, 1930.
HONG KONG MARKET PRODUCE.
APPROXIMATE RETAIL
May 29, June, June,
Butcher Meat. Sirloin
Prime Cut......
W
#
Corned
#
Roast
#1
Breast
*
P
H
Soop
Stank
Steak Sirlon Sausagus.......
Bullock's Brains ....
Tongue, fresh,.
2
Tongue, corned
"
H
N
Head
Heart
Hump, Balt
Feet
H
Kidneys
Tall
J
Liver
Tripa
Calves' Head & Feet
Multon Chop
J
Leg
Shoulder
Saddle
Pig's Chitlinga
H
Braina
1
Feat
better. No
**
Fry
Head
+
J
Heart
Kidneys
+6
Liver
doubt the reduction in the output resulting from the holidays brought
a lttle relief to the calleries, but,
unfortunately, this has not been ac companied by any improvement in the demand.
Pork Chop
Leg
Loin
1
M
Fat or Lard
Heart
声
"
Kidney.
Liver
**
The Inquiry from all quartere continues exceedingly slow, and in none of the export coalfields is there Sheep's Head & Feet - sufficient trade to absorb the exist ing outputs or to prevent the ac- eumulation of stocks at the pithead or in waggons at the sidings. It Sucking Pigs, to order seems that, in addition to pit stop Suet. Beat pages, production will have to be. more severely regulated, and in onu Veal district this is being done in order. to prevent prices slipping below their existing low level.
4
4
**
把 肉肉胞肉排卵娶通州荆道各村脚 腰尾肝肚脚骨醉手由什心肝肾脾閲油脚心
羊排
3F
Matton
Saurages
#
No. 1.
Fish.
1
So fur the output has kept above 5,000,000 tons per week, but there Barbel are few fears that this figure is too Bream large
Сагр
#
排後頭
肝猪油油肉
牛羊仔仔
Fish 10
With fine weather the demand for Canton Fresh Water house and gas coal is subdued. Equally, manufacturing and bunker. ing fuels continue to suffer from the prevailing depression in in- dustry and shipping. Bunker coals, indeed, have suffered a further re
Catisk Codfish Crabs
Curtle Fish
Dab
lapse in price during the weak. Dace
It is the failing demand for exporti
Dog Flab That over production will not be a which is the most depressing feature problem to the world sugar industry at this time of the year,
There Eels, Conger In the next 20 or 30 years is clearly seems to be a plethora of coal every- shown by history, wherein an overwhere. The latest official advices
Frank Water
Yellow
#
from Germany indicate that the Frogs
is only a million tons short of the Horrings record stocks in the spring of 1926, Halibut when the British mining stoppage Labrus intervened and enabled Germany to Loach dispose of this huge accumulation to Lobsters Mackerel advantage.
supply was never a question. It may be quite possible, however to pithead stocks in the Ruhr amount Garoupa predict that when another 20 or 30 to no less than 6,000,000 tons, which Gadgeon years have passed the world require
nents of sugar, will have increased anywhere, from 10 to 20 million tons of sugar over the production.
Goodbye Tariffs! Conditions may change in the Bangkok, Haw Ink and a Francis coming period so that the question of tariff may never be a problemi and that sugar may be demanded to encourage ex- everywhere; and portation to those countries in need of sugar, the tariffs will likely be abolished.
Banion, Shanghai,
tinhow, wakow,
LONDON BANKLES +- ~
The_Lloyd's Bank Limited.
CORBZOPONDANTS
In al principal ailes of the World.
Foreign exchange and bankton business th
ry scriptos taunted.
Safe Deposit Boas (vations, issa) at a yearly manual of from 88 10 145.
LOOK POONG SHAN,
Chief Manager. Hong Kong, 14tth May, 1930.
THE BANK OF CHINA.'
行銀國中
Reorganised October 26, 1928, under
IN NEW YORK: J. P. Morgan & special charter of The National Gov- Co.; French American Banking Corernment as an poration; Guaranty Trust Co. of New
York.
INTERNATIONAL EXCHANGE
BANK
Interest allowed on Current Ac- Subscribed Capitai
.$25,000,000.00
puute and Fixed Deposits according Paid-Up Capital $24,710,200.00 Philippine sugar industry will get
to arrangements.
Every description of Banking and Exchange Business transacted.
Ronorve Funds
...$ 3,820,503.82 (
Philippine sugar growers are warned against unnecessary dia. couragement over the low prices of sugar and at the same time against ever production by undue expansion of mills and cane lands. By cur- tailing Philippins sugar production, involuntarily or otherwise, the Philippine sugar, producers will con tribute greatly to the improvement It also of the world sugar market. will have favourable effect on the sugur people of the United States. Taking for granted that the
some form of protection under an independence status of the Philip- pine Government, sugar producers should not be contented with that protection but should exert all efforts to readjust their methods Owing to our numerous branches in and system to existing abnormal China and large connections in the conditions, principally by lowering BANK,important commercial centres of the production costs, according to n
world, we are able to extend to our Manila Journal, clients special facilities for domestic Follow Rubber Policy, ...... and foreign banking and exchange.
World augar experts have recent We also handle the issue of Bonda and other Publie Funds of the Chinly concluded that by crop limitation Capital (fulis paid-up) You 100,000,000 se Government both at home and and lowering production costs, the
....Yen 111,600,000 abroad.
universal problem of over production SHOU J. CHEN, Head Once: YOKOHAMA.
and lower price level would be Manager.
Baived. Hong Kong, 5th March, 1930.
There should be main tained an equilibrium between supply and demand
Safe Deposit Boxes to let.
A. LECOT,
Hong Kong, 1st May, 1928.
Manager.
THE YOKOHAMA SPECIE
LIMITED.
Established 1880.
Reserve Fund
Branches and Agencies at:
Alexandria Batavia Bombay
Bathos Ayres (Temporarily alosed). Calcutta':
Caxton
Changchan
Dairen. (Dalny)
Nagoya Newchwang New York
Osaka
Peking
Rangoon
Bio de Janeiro
Balgon
San Francisco
Venetien (Mukden) Sentila
Hamburg
Hankow
Harbin
Long Kong
Honolulu
Kad Yusu Karachi
London
Lou-Angelsa
Lyons
Semarang
Shanghal
Ehimönöreki
Singapore Воставдуя Sydney
Tientale
Tokyo Trinandu Tringtau Vladivostock
Katrust allowed or Current As-
nesasite roostved for fixed perioda
at rates to be obtained on application.
* MORL
Hour Long, 10th March, 1989.
HEAD OFFICE: SHANGHAI
HONG KONG BRANCH: 4, Queen's Road Central
KASHMIR
Another general movement to bring about rehabilitation in the present depressed sugar market in the world is seen in the attempts by International negotiation to bring the production of sugar by leading exporting nationa Into
better
GOLD COIN. Still Music to the
Ears.
Monk Fish
Mullet Oyatera
Parrot Fish
Perch Pike Plaice
Pomfret, Black Prawns
Ray
Rock Flab Roach Balmos Shark Skate
The Jingle of "real money" in Pomfret, White their pockets is still music to the ears of many people. This is more truc in these countries where the cheque system has not been as ex- tensively developed as it has in the United States and in Britain, and where paper money is reminiscent of those days when Ita face value did
The French, for example, are de manding that the Government keep its promise to replace the 5, 10, 50 and 100 franc notes with gold and
not correspond to its gold value. Shrimps
Sapper Soles Tench Turbot
silver pieces. In a country like Turice, small, fr. water
the United States where one rarely sees a gold coin and no silver bo
蝦公魚鮪魚
魚魚魚魚脚
尾肚 水
REZER 魚魚魚魚魚 魚 沙魚餅仙班魚白甲花魚蝦魚魚魚魚 黃 海黃黃田石白請將黃島熱在芒鎚頭花班白搡明琵石張馬沙潴蝦立捷尤左 *# DE
*
帽
: F-སློང་ཚོ
PRICES.
Poultry.
* . May 29. June June,
1330, 1018. 1914.
Ct. Cts. Cla
08. lb.
21 68
11
Capons, Small
Lárga
Eggs, Hen (cooking)..
each 10
* por doz. 40
新鮮類蛋
本地雞
Pigeons, Canton
Holhow
Turkeys, Cock
Turkeys, Han
E8 SARBS CEKERBER
知缐肥快班本深熱白海火火沙山楼盘
#
*
DRA
+
lb.
#
[ 8 ] 8 9 A B Ê 6 ⠀ ⠀ ⠀ 6 6 6 2 9
ench 40
.30
33
Jb.
ench 28
pair
each
22" 21
8⠀⠀⠀ *8838 | 3 | | | |
ឌឌ៩៩៨ | ន៩៩Å | | | | | | |
1930, 1918. 1914.
Ctx. Ct. Cts.
lb.
30
24
12
'Chicken
30 28 11
23
12
Capons,
"
H
24
22
Duck
20
18
Doves
20 18
22
Eggs. Hen (fresh)
80
95
Fowls, Canton
26 20.
Fowls, Hainan
por set 15
10
12
Geeso
each 05 50
GO
00
+ $1.40
-$1.20
24
18
14
20
18
Snipe
-each 12
10
12
Pheasant
10
12
20 22
Quail Partridges
13
14
7
set $1.20 $1.00 $3.00
26
20
24
27
Per Bat 8
12
Caraníbela
ib.
18 16
Coconuts
18 18
Lemons, China .......
20
cach
15
10 10
Lemons (American)
each 12
10
3
Lichoes, Dried
荔枝干 lu. 30
Ib. 42 30 24
36 25 23
Oranges (Canton)
新會甜推
26
Oranges..
#
+i
10 60
70
21
Pears. (Canton) Peanuts
25
茌 生
12
10
12
per set 80
60 รูป
cách It
7
Persimmons, Largo
++
工
Hi
12
12
10
Plantain
* 辉
26 25
Punelo, Slam........................
cach
25
12
25 22
Walnuta...
16 $ib.
20 18
20 26
20
20
18*28*8*9! 97***KARAAA***=*=****82*82***8***2
22 RE3888588673RSA7 SEA BAGAA**** 8 KAHRNN**RES*
8
**
45 35
Almonds
Fruits.
Apples (California) 金山鄰慈 燕山香街
Bananas (brida's)
##
# 15 30
30 24
•
8
D
Beach 12
M. 4
Grapes ******* **
Artichokes Beans, Sprout
12
10
10
25
25
30
ཤྩ སྒྱུ ་ སྲ ཿ ཤྩ ཁ F | | །ཀྱཱཿ སྐྱུ མ ༞ ། །
Vegetables, &c.
each 12
lb.
8
12
3
સેં.
24
10
5
10
5
12
18
18
ench
Cabbage, Chinese
(Shanghai)
(Medium) PACIE.
(Small) 椰榮花
Green
Ginger, Young
Old
Horseradish, Shanghai Indian Corn
*** | | | * * 98A--|||
16
18
16 24 20, 16
Long
12
Beet Root
Bitter Squash .......
32
Brinjals; Green
16
"
Red
18 27
34
12
ទ
16 17
Cane Shoots, bunch
30
23 26
Cauliflower (Large) .. XBXE
16
27
24 16
21
20
Carrots
餅 lb.
В
10
B
Celery, Chinese
磐奧菜
16
10
6
M
31
18
Chillies, Dried
辣椒干
30
25
10
Red
15
10 10
t
74
20
30
荷花椒
12
12
32
25
Curry Stuff, Englah..
10
40
18
Cucumbers Garlic
8 2
10 1.
23
12
7
34
15
16 10
32
13
30
24
8
21
Lettuce
8
20
Water Chestnuts ....
10
2.
Mandarin:桂林馬路
12
40
2
Mushrooms, Fresh
60
Okroe ...
1 10
15
Onions, Bombay
## Z
8
3
B
t
Green....
生意
4
4
B
20
Shanghai
上海頭
8
30
Parsley
榮
20 60
45
Potato, Swent
6
a
14
»
Japanese
日本銀仔
Б
3
14
American
金山联仔
18
Pumpkin'
G
10
Radish
紅櫊仔
10
12
40
22
10
Rhubarb (Fresh) Shallots
B
菇頭
12
10 Spinach
32
80
28
28
H
22
28
21
86
12
Water Cress
"
40
"
**
"
#
***ZNESCRI-KIN-CRNIINANK----BEGREB
195008591 * 1 * 8 * 8 ******************====****
ות
Tomatoes
Taros
Turnips, Punti (Long)
Vegetable MarTOW
Water Lily Noor
Strakosch, in the Economist, Lon- dan, November 10, 1928.
A PROBLEM.
yond the token-coins, and where have learned from the monetary monetary polley." Sir Henry until recently the gold holdings history of the last five years how per capita exceeded France by a'destructive to economis progress large amount, it is difficult to ap nay, to economic life itself—is the preciate this yearning for gold redistribution of wealth which the violent bouts of currency deprecia- coin.
Monetary experts, have been tion and appreciation have oc eloquent on the subject of econo casionéd; but we are, perhaps, in- The annual report of the Council mizing in the use of gold. But if clined to ignore, or at any rate to of the London Chamber of Com all the countries which are on a underrate, the repercussions that
merce states that the problem with gold standard should put gold back are produced by relatively minor
which industry is faced in, on the into circulation, It would certainly changes in the purchasing power one hand, over-production, and con- give such a stimulus to the demand of money-le-in a gold standard sequently a cut-throat competition for gold as greatly to increase its world-of gold.
in the available markets, and, on the value and bring about a great de- "A fall in prices, or the exper- other, the knowledge that a curtail- cline in price levels. Britain has tation that the trend will be downment of production will increase solved the circulation problem by ward, causes enterprise to be overhead charges and will render it adopting the gold bullion standard, damped down. The demand for more difficult to compete with those which prohibits the coinage of the capital goods slackens, and the metal, leaving it in the form of lesser share of the ational income bullion to be used only for bank in the hands of the wage-earning class reduces its power to acquire reserves and International trade.
It la to be hoped that other coun consumable goods. The con tries will see the desirability of clusion Is Irresistible that, if we
SILK STORE balance with the requirements of continuing to use paper currency are to be saved the complex road-
for EXCLUSIVE STOCKS
of
SILK
and
SILK
GOODS
Opposite Queen's Theatre.
THE INDUSTRIAL & COMMERCIAL BANK, LIMITED.
ALHEAD OFFICE:
12-14, Queen's Road, Central, Eour Nou.
BRANCHES
Bhanchel Hankow, Canton day By Kongmoon.
CORRESPONDENTS AV
to all prinsipal cities of the world Every description of Banking and Exchange business transacted. We affer prompt and personal service. A
·TIENMUK LIN.
de General Manager,
8
7
10
4
#
10
@
還
6 16
UNCLAIMED TELEGRAMS.
THE EASTERN EXTENSION AUSTRALASIA & CHINA TELEGRAPH CO., LTD.
The following unclaimed, tele grams are lying at the E. E Telegraph Co. office, Hong Kong:- Aff, c/o Wardley, from Manila. Buttress, from Harpenden. Misa Chan Wal-ying, care of Wai Loong, 19, Wellington Street,, first floor, from Singapore.
Yat Koo, No. 43, Calne Road; 2nd floor, from Macao.
Meybacher, from London.
S. LACK,
Superintendent Hong Kong, June 5, 1930.
THE GREAT NORTHERN TELEGRAPH CO., LTD., OF DENMARK
who are producing at 100 per cent. The excess capacity.
of produc tion is noticeable not only in the case of manufactured goods, but also in the case of primary, pro- ducts.
Unabsorbed stocks. of tin, wool, as a means of economizing in the tions, the economic folts and set-
The following unclaimed tele- backs, and the social and political wheat, rubber, coffee, sugar and tea use of the world's gold supplies.
friction which frequent and violent are steadily rising, states the report, grams are lying at the office of the STABILISE GOLD.
changes in the distribution of with prices falling to unremunera Great Northern Telegraph Com national
wealth and income the levels. Restriction of output pany (Limited) of Denmark;
result in increas
Arthur Prearley, Peninsular, through fluctuations in the pur can only
the pro from Tientsin. Expert Voices Urgent chasing power of gold produce ed unemployment,
which almost blem with.
Yoe, from Seattle, Wen. DE GUIDA lif, in a word, economic progresą Need
China, from Amoy, is not to be seriously impeded, con- every country is faced, although
To appreciate the Tency of carted action by the gold standard less vocal on the subject than Great Huang, 1, Happy Valley, from
kind countries is imperative. If it is Britain. It fe, therefore, to in Amey
concerted action ti af
stabilizing the purchasing
wer Impossible to control the supply of crassed world consumption that foJudgment, from Chefoo. of gold, let us examine somewhat monetary gold and 18 manifest dustry must look and this is not
closely into the reaction
that the that it cannot be controlled then encouraged by forcing populations,
We
la clear that the problem can behind high tariff walla, to buy re- only be attacked from the alde or latively expensive goods.
instability of our standard of value is likely to call forth. -
Yuccache, from London..
E. V. JESSEN,
Superintendent.
Hong Kong June 4, 1930.