CORDIALY
ROSE'S
L
LIME JUICE
Prepared solely from pure Lime Juice and the finest refined sugar.
THE STANDARD FOR PURITY and EXCELLENCE.
Insist on having ROSE'S.
Small SAFES
I
FOR HOME OR OFFICE USE.
THE QUALITY IS UNUSUALLY HIGH. THE
PRICE-IS-UNUSUALLY-LOW:-
ALEX ROSS &@
25-DES VOEUX-ROC GARAGE KOWLOON
TEL: 27
TEUK417 0.
HOTELS IN
JAPAN MANCHURIA
1
web'I alt op igualqalat spas da i dha pho 01 yene od jauna a'u
bime arohadare
JAPAN HOTEL ASSOCIATION,
Craze Mikke
LaLldo Hate!
Kamakath
Kathia Hotel
IN JAPAX PROPER
Har Hotel
Kanays Metal Mikko Betal
Otaky
Kazutanwa
1
** Betel
Ko
Oriental Ratel
for Hate
Ki
Kysin
Kate ates
Xysho Hotel
Jama
Pirk Hotel Xajima
Lima Hote XiaoMs.
Fuliya Hotel
Oreka Batel
„Kassyn, Hotel.....
·Shizuoka ; some
Daitokea maf
Tokyo
Imperflute) Tere Station Butyl TouÝLJ Betpoken, Katol *#06#A01 ay
5
JAR IN TAIWAN (PORKOSAKAT
|Taiheka-Taiwan Kalherr Hotel v
WEST
- KERONO $3
Kes (294)--Chota Batel Nic
Balngiska-Shingfsku Staljon Ratat
"IS MANCHURY ***
Chasarkan ADS 10 Babes (Uudden)
Tamale Hotel
Daires
Yamato Katal Reese intol
JUST ARRIVED
A CONSIGNMENT OF
MESSRS. SHANKS & CO., LTD.
SHIPS CLOSET
BALTIC
PACIFIC
MEDITERRANEAN.
ABOVE AND BELOW WATER
LINE.
C. E. WARREN & Co., Ltd.,
-80 & 30, Der Vatr Road Central. Established 1999
FRENCH
G, MOUSSION."
SONS
15, Monatson, HELL, ROAD.
* 4 דלג
Tomato Hotel
''
SANTAL
MIDY
THE HONGKONG DAILY PRESS, MONDAY, JUNE 28TH, 1920.
218
These ty Lauperior to Copaiba, Cuhebs, and Injec tions → CURE the same di seases as these druga in rowin FORTY-EIGHT HOURS
THE COST OF THINGS.
FACTORS IN HIGH PRICES.
Writing in Engintering on the subject of | high prices, Bir A. Yarrow sayatim ta
From 1986 to 1914 prices rose, mainly
owing to the huge output of gold from the Cape, causing the value of gold to drop and prices to rise.
Fram 1914 prices row rapidly owing to scarcity of commolities. This was due: (0)| To the reduced amount' of' shipping to bring goods from abroad; (5) to industries which formerly produced the necessaries of tife being diverted to making war materialy (e) to a large proportion of the producing piùlation going to the Front, so that the production of the necessaries of life was still further diminished This carcity, and the consequent high cost of living, will continue until the world's productivity meets the world's demand
Owing to the increased cost of living, wages were advanced, and this was arti Bcially stimulated by the policy of the Government in, taking the line of least resistance and imposing upes controlled establishmentä increases in Wages apparent- y without considering future économie results. Thews advances in turn forced up prices.
meet our
THE WITHDRAWAL OF GOLD. Another cause of high prices in the with- drawal of geld from irculation mid the substitution of paper cutrevcy. Before the war, his paper could always be exchanged for gold equal to its face value, and the foreigner did not care whether he had gold now in or paper. Owing to our not having the Treasury enough gold to notes, and owing to our continuing to get more and more into debt, foreigners begin to lock with some suspicion upon our paper currency, and to require in exchange for their goods a larger amount in "paper money than they would have been content with if pad in gold. The position is well illustrated by the fact that at the end of last January 100 sovereigns (or an equal weight in gold) could be exchanged in New York for $488, while 100-£1 Treasury note would only fetch $350, This depreciated value of our paper currency caused an increased cost, measured in paper currency. of those commodities which we buy from abroad, resulting in a further rise in prices.
PROSPECTS OF A DROP.
What prospect is there of prices falling! Firstly, if the world's production of god continues to increase as in recent years, there is reason to expect that, had there iween no war, prices would have risen from what they were at the end of 1913, and that the line which rose from 1803 to 1014, would have continued to 'rise more or 1688 in the same direction. Secondly, if we can vented, the denie ency of ammunication with "foreign countries' by the supply of addi- tona tunage, then, as ships are built and rights reduced, prices will drop. Thirdly, in the high cosif product on is diminished, and the cost if Lving theby reduced, prices will drop.
But we not expect much relief from the present high cot of ring until the
WE HAVE
Great Varieties of used and
moured
POSTAGE STAMPS
Seb, Packets, Bags,
and
On Approval Books
COLLECTIONS, GRACA & co..
FOT
י
Dealers in Postage Stamps, Post Cards Seeds, Toys, &c. de
:
No. 10, WYNDHAM STREET, HONGKONG.
P.O. Box,
620.
Peels Off Gorns
Between Foos
160
VARO SOCIAL TAMMA E The Great Corn Loogaher of the Age: 1 - Hover Falla | Painless; «nte A com mashed squeezed and crushed, all day long, in between two LOGE! You can'try the desperate wEY and try to diy liɛbut and fall Or
#Two Irops of "Glots-It,'\\=/That's Ali?” youcan-trg,the réankible destule': painless, easy way and use "Gets It” It is easy for yea with "Getz-It" to remove Corns in places diincult to reach, "Gets-It" is a liquid—a won- derful painless formulay nan navor been-accessfully imitated."/it-set= tles on the corn, and dries tmmadi- ately. Instead of digging out the corn, you peel it out painlessly. whare is no sticky plaster that does not remain in position, no salve that irritatea or rubs off. You reach the corn easily with the little gias rod In the cork of avery "Gets-It" battle. It does not hurt the true nesh. Tay it, walk comfortably and walle! la a blessing: never falls PRAD
"Gets-1" the guaranteed, money- back corn-remover, the only euro " way, costs bucmerida'at ali chemists and stores Mrg by: E. Lawrence Co, Chicago, UBA
TRADE MARK
disappearance of the existing widowprend ASAHI
social and industrial unrest. Fourthly, prices will tall as soon as our paper.cur- rency can be exchanged for god, as for eigners will then accept less in gold for their goods than it paid in depreciated paper currency. This depends upon our Government withdrawing their paper in order to reestablish their credit. To make clear what is meant by the depreciation of may be compared our, paper currency,
to my giving a cheque for, say, £1,000 to a person who knew only had £100 to my credit at the bank, and who might not feel quite sure that the cheque would be met when presented.
4
To endeavour to arrive at the turning. point when our revenne will be equal to our expenditure, it is clearly evident we must reduce all expenses such as natal and military expenditure (estimated by the Treasury at 1434,910,000), which is main. ly in the hands of the Government; but it resta also with every one to work hard and to make our exports equal our imports, and thas, endeavour to blot put the £80,000,000 representing what we are annually purchasing from abroad in excess of what we are sending in part payment; and, if possible, ultimatey, as in the United States and in many countries, to export more than we import Unless we supply sufficient manufactured goods to the markets of the world in payment of what we need from abroad foreigners will de cline to supply us with foodstuffs and rax material, or will only do so at very high. prices, which will lead to arcity, and to. even stil higher prices. This is what in
中 The only way to secure, for the artisan continuous employment af good wages is for every man to do his best and be paid
taking place at the present time.
in proportion to his efficiency, and in this supposed free country we should insist that every one shall be free to work when and as he chooses,
ARTIFICIAL RIBES IN WAGES," Any method of artificially increasing wages only results in a temporary gain at the sacrifice of the worker's future welfare. It is a fact that generally, where wages aro high, and the output per mas is also high the cost of production is the lowest, and, -in-consequence, trade in necure The roa
son why high wages, and output in propor- tion, are advantageous, is that the estab lishment charges are thus diminished pro- portionately to output. If-regulations are {B}}} == made restraining our artisans from doing.
their very best, by insisting on arbitrary lines of demarcation or by reducing out put, this increases the cost of production so that the lead in shipbuilding wil pase into other hands, and a very heavy respon- sibility will rest upon thore who make such Fregulations,
without inconvenience. *****Each "Gepoule bears the name.
Paris. 8, rue Viviennez Said by at Chimata, 2
THE BEW FRENCH REMEDY.
THERAPION NO. 1 THERAPION.No. 2- THERAPION NO.3
· Ma. Í for hinddar Calarch.” May 3 fog Bichd (4)
· DA LEGLEN Med Conleverinnetda
SES TRADE MARKED, NOORDA EMBRAPSON "NOR? #CT"
A lieutenant, and two artillerymen were killed and sight artiilerymen injured through a motor-lorry overturning and entching fire at Bégovia, Spain.
: Ef
Obtainable from all Chemists” and Stores or MULLER PHIPPS (ASIA) LTD, Prince's Bldg., Hongkong.
ASAHA
BEER
BEE
LAGER-BEER
COMPAN
LOKYO PAPAN
BOLE AGENTS |-
MITSU BUSAN KAISHA
THORNYCROFT
JOHN L THORNTOZOFT & Co., Limran, BRIPBUILDERS AND ENGINE,
LONDON, SOUTHAMPTON AND BASINGSTOKEA
?
Shanghai | Office: 65, Szechnen „Koad,
MARINE MOŻÖRS-AND-MOTOR BOLIS.
4.
MOTOR LIGHTING. AND PUMPING SETS
SHALLOW DRAFT STEAMERS.
THORNYCROFT OIL FUEL SYSTEM,
Commercial, High-speed and Pleasure Craft.
***
THORNYCROFT WATER TUBE
BOILERS
THORNYCROFT MOTOR VEHICLES,
30 HP. & 50 HP. MARINE SETS IN STOCK.
119
ا؟
For quotations
S. HOWARD, ROOM 559,
HONGKONG HOTEL,
Motor Expert for China
THE FUJI PAPER MFG. CO.,
TOKIO
(The Largest Paper Mill in the Orient). Promptitude in Execution of Order
PAPER
241
LTD,
Quickest Delivery from Large Stock on hand.
SOLE AGENTS:
THE FUJI TRADING
(Inc. in Japan), HONGKONG.
MILLER
CO., LTD.
ENGINES
In stock 4, 8, 10 & 20 H.P. Marine Motors.
..
Manufacturers Representatives
- UNION ENGINEERING CO.
ان الله
York Building.'
Chater Road.
IMPORTANT NOTICE.
I Manufactures the most Important Point is Improvement, and in Dietitics
Science always insists on these Maxima, part
Cleanliness
se? Groundnut or Peanut Oil can be used as a substitute for Olive Oil, Butter or Lard, but
ben Slightly Dirty is injurious to health,
In Chins, by the Ordinary Methods of Extraction, Dirt and Dust are not guarded against: Our Method slows a great advance. By the aua of New Machinery and New Methods Scrupulous Cleanliness is Assured.
Our Machinery during the Process Filters the Oil while our Factory is Free from Dart. mil Our Oil is Clear, Sweet and Fragrant and Compares most favourably with other Oils wond
for Culinary purposes-there is no residue.
Prices are moderate so as to induce new buhness.
Analysis is always given before Shipment to Foreign Countries.
Foreign Correspondence wanted. Capacity per day 20 four.
NAM CHAU OIL FACTORY, Office Noi 227, Queen's Road Central, HONGKONG, Tel. 1202."
Factory-No 26, Kwei Lan Street, BAMSHUI
The Sole Proprietorship of this conderu belongs entirely to a Chinese Citizen.
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