This is the 4 b.p. with chain-cum-belt transmission.
Can also be had with all-chain enclosed transmission. A HINT TO MOTORCYCLISTS. When buying a new mount choose a BSA, the machine endorsed by four Governments.
BSA Motorcycles were used exclusively throughout the African campaigns, Phova out of many others by the British South African Government. They fulfilled ery expectation of the Military Authorities although they had to perform under e most rigorous tropical conditions
B.S.A. Motorcycles played a very important part in the Great European Wer the whole output being requifitionel by the British Government for active service. They were used greatly by dospatch rides in all parts of the War Zone and invigh abjected to the roughest use gave complete satisfaction.
The French and Belgian Governments also have a very high opinion of the BSA Motorcycles, atracts running into some thousands of machines being placed with the manufacturers,
The general excellence of the machines can also be judged from the fact that. the B.S.A. foam won the team prize in The Auto Cycle Union Six Days' Reliability, Trial in Septeinber last.
Manufactured by THE RSA CYCLES LTD.,
Birmingham, England.
ཝཱཏི
Sole Agents-WALTER FORD & CO., Telephone Now. 1955 and 3508
Queen's Road Central.
Just received from U.S.A, a new shipment of Typewriters- different models.
108
Inspection cordially invited by-
UNIVERSAL IMPORT & EXPORT CO.
HOTEL MANSIONE,
ToÍ FLOCK,
HONGKONG.
JAVA-CHINA-JAPAN' LIJN
#REGULAR FORTHNIGHTLY SERVICE BETWEEN
STEAMERS
*
JAPAN.
EXPECTED WILL LEAVE
FOR
JAVA,
CHINA AND
FROM
ON OR ABOUT
ON OR ABOUT
TJIKINI
MOJI
20th May
2nd June.
JAVA
TJILEBOET.
MIIKE
30th May.
6th June,
JAVA
TJIBODAS...
JAVA
8th June
13th June.
SHANGHAI
* Wireless Telegraphy,
行
The Steamers are all itted throughout with Electric Light and have accommodation for a limited number of saloon Passengers. All steamers carry a duly qualified surgeon.
Cargo takan at through rates to all ports in Netherlands India and Australia.
For Particulars of Freight and Passage apply to the
York Building, 1st Fin
JAVA-CHINA-JAPAN LIJN.
Telephone No. 1574. ***
THE HONGKONG DAILY PRESS, FRIDAY,
'
HIGH, PRICE OF "SILVER. EXPLANATION BY NEW YORK RANKERS.
The high price of silver is attributable to the increased burden which has been placed upon the goid supply of the world. and also to a decrease in emergency: pros duction of gold, according to Enauth Nachoa and Kuhne, the well-known bank- ers of Low York.
Indiscussing the situation the banking house says:-
Among the phenomena of soaring prices, which have followed on another in bewildering sucession these last few years, there is probably none fraught with greater economic signincance than that in the market for silver.
War,
MAY 28TH, 1920.
INTIMATIONS Dan
A. G. DA ROCHA.
IS THE AUCTIONEER
A. G. DA ROCHA,
AUCTIONEER. SURVEYOR AND GENERAL BROKER.
Queen's Road Central. Telephone No. 2831.
HAVINU Favoured with instructions
revived from Meurs. Pairali & Co.
Anction on
SATURDAY.
INDO-CHINA
STEAM NAVIGATION OLMPANY, LIMITED
ZALLING, BUHAT MO AUTKRATION
MANILAN
TIENTSIN VIA WITAWRI & CREFOO SHANGHAL... HAIPHONG TIL HOIHOW KORK
SHANGHAI... SANDAKAN –
་་
STRAITS & OXLOUTTA
+4
114
*LOONGBANG" Fri, 25th May, 3 p.m. DHEO VGSHING San, 30th May, Dilight "HANGSANG.Tum 1st June, D'light "TAKYANG Tues, 1st June, 8 m "NAMSANG...Wed., and June, 8 a.m.
BYANG.......Taurs, 3rd Jons, Dlight "HLINSANG...Thu, 3rd June, Noon LAISANG ......Thurs, 3rd June, 3, pan
Singapore; returning from Calcetas steamers trocesi via Strat and Blongkong to Japan fonally calling si Shanıba!, ***, All stemmer have eromilact pairinger "seboumo-jalda,
tood with Electric Light and Fane and carry, a fully qanilfled Sargon
Within the inst. few days the white and 3, Puller Street will well by Fublic C&UTTA JANE ~This Line adforde regular_millags to Calebis enano NE I metal has sold in New York at $1.39 an Ounce, the highest price un record, com paring with an average price of 38.17 cents for the fifteen years prior to the The demand for it, moreover, shows overy evidence of continuing, and predictions are being made that its price tendency will be upward for a long time to come. the point At $1.2925 an ounce, it where ita bullion valge expected its value!
in coin.
The fact is that the productive vitality of the world, now in such urgent need
of being increased on a scale never before atempted, has come to be dependent upon this metal to an extent beyond the dreams
THE
May 19th, 1920, at 18:30 ja.M.
MONDAY, May 19 at 4.30 .x., 7
TUESDAY.
June 1st, 193), at 2.30 13. At their premises.
WHOLE STOUK-IN-TRADE PURNITURES, MIXTURES
SHOW CASES.
Comprising
SHANGHAI LINE:-Silage appmutustely Savery Ave days between Caabon
AND
MANILA
HAIPHONG
BORNEO
Flanels, Woollen, Silk and Linen Stock
of even the most atdent of silver's politi-Alpaca Silks Straw and Felt Hats, Fancy | TIENTAIN] cai partisans.
Materials as assortment of Bhonses, Shoes,
Underlying this rouarkable situation Comets Ribbons, Raincoats Furs, Handker
ara two commanding causes.
First is the position of gold. As everybody knows, it is mainly to that metal, that the modern world has looked to perform for productive enterprise the requisite functions of facilitating ex change, furnishing the basis of the credit system and imparting liquid form to capital.
But compared with the almost incon
chiels, Belts, Trimmings. Fancy Works, Vollen, Laces Thy and Evening Dresses, Serge and Sandries-Derks. Veiling Fans Beautiful Mirrors. Fine Show Case, Chair, etc., etc.
TERMS:-Cash on Delivery.
Counters,
erivable burdens which gold has been called SEAMEN'S INSTITUTE. upon to carry since 1013, its supply is.. lamentably deficient Estimates for 1918,
the
the latest your far which figures are avahi- able, place the total world stocks of the metal, exclusive of those of India and Egypt, at about $9,600,000,000. Against this, it is estimated that during the war world's bank deposita igerensed 895,000,000,000
anto
circulation -$100,000,000,000 From which it becomes apparent why the great central banks and treasuries bave been so eager to gather into their faults every restige of, the guid
PRAYA-EAST, HONGKONG.–
OR the use of all Men of the Mercantile
Marine sud H. M. Navy Reading and Writing Rooms, Billiard
UP.O.'s Boom Mum Ufficer nova,
Lestauranı Göncers Hai, Church.
Private Cabins, and beds in Dormitories Motor Launch Dayspring.""
supply available, leaving a scant. 15 per
cent in general circulation, or less than
half the requirements of normal times;
ནཱ
78
nd why authorities hold the opinion that PALACE HOTEL, KOWLOON,
PIL. K. &
Tel. Address: Palace.
the metal will probably not for years to Corner of Halphong & Hankow Roads, come be allowed to circulate freely for internal purposes, especially, is European countries.
In the face of this baste need for gold,TWO Minates from Ferry and Railway 1 station. This Hotel has just been rapidly growing in urgency, produc tion has been falling off. In 1015, for usapletely renovated sad refurnished is now up-to-date in every respect and under example, it was 170,399,327; in 1818 only
English Management. $384,576,700. Preliminary estimates - Cuisine under personal supervision of the
Propriator dicate even smaller world production for 1919. Nor can this situation easily be ·BAK AND BILLIARD ROOMS. corrected. With the price of gold de
RMS MODERATE. finitely Extr. there is left. little margin
Exed in nccordance with the mone Special Arrangement for Families on
Application to Tary
far stimulating production by affretting.
H OXBERRY,
Proprietor increased costy
**Therefore, silver, which next to gold
is the most universally accepted form of *****
money, bas come to the front to bolster FRENCH
up the inflated currency and otherwise watered capital of the world, and to meet the necessity for a largely increased cir- culating medium of exchange
Added to these demands are those rising out of the abnormally large trade balances which India, China and practic ally all of the other Eastern countries where silver is in special favour, have been piling up against the rest of the world." In these countries there has lately been a great awakening to the opportunities of closer international relationships.
America has, of course been the main source of the silver supply, not only be cause of the position it took a few years ago as the world's largest producer, but
FOR BOSTON & OR NEW YORK also because in comparison with Europe,
PRINCE LINE FAR EAST SERVICE.
"SLAVIC PRINCE.
FOR NEW YORK
vis PANAMA CAÑAL ...
10th June.
it has been under a relatively slight mone
LESSONS
G. MOUSSION,"
15. MORIN HILL ROAD.
ON SALE.
DIRECTORY &
CHRONICLE"
tary strain. Despite the fact that, as CHINA, JAPAN STRAITE BEETLE, shown by a recent Federal Reserve Board report, we exported over 2365,000,000 guid last year, our holding still amount to per- haps 25 per cent of the world's stock And the ratio of reserve to net deposits and reserve note liabilities combined, stand at about 45 per cent, comparing,
Steamers proceed via Suez Canal or Panama Canal at Owners' option. for example, with reserve of 14.1 per cent,
For freight and further particulars, apply to-
against note circulation of the Bank of France and a ratio of only about 3 per cent, in Germany.
SHEWAN TOMES & CO., Agents.
་ ་
140
HOTELS IN
JAPAN MANCHURIA
JAPAN HOTEL ASSOCIATION.
“ENTLAND) (N1%ks)
Lake Hotel
Kalbin Hotel
Mikkson Het0) Loke
serÚriental Metal
Ter Metal
Eveto
Xyote Hebei
Park Hotal
Kiyusonālāku
IN JAPAN-PROPER.
Flyamid Hotal:
Patiya Hotel "D"
Kasays Motel Ikke Hotel
Osaka-
· Qunka Betel
Salmunsonki
Skišmoka
Jeky
Daltekwau BoA)
-Emporizi tieku? -
Tokyo Similes SENGAR *****Texkaji Kaiyokan Hotel
• Tokokemus
Grand Estel
9- IN ZAIWAN (PORMOSA) OUT
Tek-Taiwan Hallway Hybel
EN CHOKERES
| Kolja (Basel)--Element Bota
Bhinglahn-Skingisku Station Hotel
Changeass
Tamate Kutel Batren
Hoshigaera
* Kamata Betal
IN MANCHURIAN GA
24-Xamada Batal
We exported last year, according to this mame authority, $239,000,000 aliver, much of
it in the form of bullion obtained from melting silver dollars B PIDCCBA which becomes profitable with silver sell- ing over" $1.2923 an oudce.
There are about $300,000,000 of these coins remain- ing, for the melting and sale of which additional legislation is now being sought,
view of the continued demand.
in
MENTS,
INDO-CHINA, PHILIPPINES
Eta..
for 1920
* LÉTE ANNUAL EDITION
containing
THE
1,600 PAGES
いい
Shangust, somsti new alling at Swiław. Through things you be obtafunt and through Blils of Lading are basąsi „Northern and Yangtose Payu via Shanghai,
LINE:-A weekly servise in maintained with Manila by vonnix wið guð passenger socom podation, mailings from both ports every Friday 1 LINE-lings apgroziostaly
Wookly
passengers. A CAFE
okiling at Hodnow when inducimens offers.
¡LINE:-One sailing per month berwisa Hongkong and Bandsence
• thosmer having up-to-date 200modation for semeagers * Cargo baken on through Hills of Lading for Enadas, Jonida Labuan. Tawas sad arkirad Daan, LINEA capular service is ran from March to November been
Esagteng and Tlentein, exiing us. Weihaiwed, and Chaton
CALCUTTA LINE.
S.S.
LAISANG"
will be despatched on or about June 3rd, for SINGAPORE,
· PENANG & CALCUTTA,
Through Bills of Lading issued to RANGOON; PORT
SWETTENHAM and MADRAS.
For Freight or Pasangs apply to---
THAIPHONE NO. 15.
Jardine, Matheson & Co., Ltd.,
GLEN
AND
GENERAL MANAGERS
SHIRE
Joint Service of Steamers.
|U.K.-STRAITS, CHINA & JAPAN SERVICE.
Yerel
*CARDIGANSHIRE"
"GLENSANDA" "GLENAPLE" "GLENTARA "
GLENADE" PROFESS
AR THE FLERE"
OUTWARDS.
HOMEWARDS.
Leaves Hongkong
9ton May
3rd June
aed July
Dra Hongkong:-
19th June.
25th June.
30th Juna.
12th July.
Discharges
GENOA, LONDON & ANTWIRT, --tarist.
LONDON & ANTWERP'
Mavaments are subject to change without notice.
For freight or further particulars please apply to
Jardine, Matheson & Co., Ltd.,
The Glen Line, Lid: AGENTB: The Röyal Mail Steam Packet Co
Owners of "Shire
Tel. No. 118, web, ax 23.
Cable Address
14 MAPS.
Eswakian, Kobe.
Directory of the Far East
· UNCLAIMED TELEGRAMS
The following analaimed talograms are lying in the Great Northern Talegraph company's one at Hongkong p
ADDRAWER
FROM
As in the case of gold, silver produc tion has been falling off, notably in the United States, Canada and Mexico, which togethet normally account for about three-quarters of the world's annual supply Figures are not available for the Elspins Rabip Mcilsff. Koba
Amoy 1919 operations of either oar Northern or gato Southern neighbours, but the official pre Lautaan Hongkong Hotel ob liminary estimate for the United States Quan Ysa Bang, Kwong places 1913 production" at 63,285,196
*** Shaughsi Shing Cheung...
Shingual ounces, as compared with 74,931,000 ounces U.S.S. Helena... in 1915, the record for the last decade Mrs. Godford, Hoogkong
Hotel
Amay Alanifestly, the shortage of silver pro- duction must, in some way bo overtaken: Fukkai Ma w........ The free market and high premium in lntconnor Dizang ce the price will, of
Coded Flor Chongwpi(3) Shanghai course, to a large extens provide the necessary,
incentive, but within Burks Word, Honkong Hotel Tokio our own domains, where most of the silver Vanautyne, Hongkong Hotel Tientam i obtained as a by-product of mining, the Okadasli ry 3 staabara Hotal Omis base metals, such as copper, lend and Tongha, No. 9, Engseng Bt. amoy zine, there are obstacles to overcome which One Passenger Aishanus scem liable to retard activity.
Mara ojo N.Y.K
* Canada also, in view of her industrial
rial Áu Feng Pak probleme, of which the relative scarcity Chengbataan H, Dra Voruz and high cost of labour are not the least, Hond West may-require a still higher price to enable Curtis, Crasgieburn Hotel her fully to develop her sources of supply.
Kole
obsug bai
Changchomfa Bhanghai
situation. She is one of the eldest pro-
Moxico, however, can save the silver
The following is a list of unclaimed telegrame
ducers, but her resources are known to be tring in the Rastra Extension, Australa uA SIK nowhere near exhausted, The white metal Calas Telegraph Company's omios a tion,
is there in big quantity and it is obtain. kang
able at a lower cost than anywhere else
FROM
in the world. To be sure, solution of the Chinco
Chlangu
Mexican problem still resists the most Fidelo:
-London
Wyjun (Port Arthur)
earnest efforte, But as one after another Harald Graves Chief Engineer
of its phases are revealed, capital is taking
e/oU.B. Consul:
courage to seize the opportunities await -ing it in that Geld of righ potentialities?
Glymount:.
Bentley's, A.B.Q. 8th Ed.
and Scott's Code.
Line:
KAWASAKI KISEN KAISHA
(KAWASAKI STEAMSHIP
CAPITAL PAID-UP
00.)
..................-- Y20,000,000
President: Mr. Y. Kawasaki, Vive-Proddent: Mr. K. MatroKATA. Managing Director: Mr. Masara Am.
The Company has on hand a Large Number of
NEW CARGO
STEAMERS
ALWAYS READY FOR
GHARTERS of all descriptions,
The following are comprised in the Company's Flees:
Eleven
Napkamers, of 9,100 tons each de„dweight,
And, under the Company's
Twenty steamers of about 9,100 tons deadweight each. Two steamers of about 6,400 tons deadweight each, Belonging to the Kawaki, Dockyard Oo, Ltd.)
Charter Raten ond
particulars apply to-txt KAWASAKI KISEN KAISHA.
No. 8, Bur, Koun.