HE HONGKONG DAILY PRESS, FRIDAY, DROBMAKE
WORLD THEATRE
WEDNESDAY, 6th to SATURDAY, 9th inst. 5.15 and 9.15 F.K.
PEARL
in
WHITE
A MOUNTAIN WOMAN
in 7 parts.
Topical Budget 681.
230 & 7.15 pm.
HURRICANE HUTCH"
Wednesday, 8th to Thursday, 7th -Episodes, 13 & 14. Friday, 8th to Sunday, 10th:-Episodes, 15 (Final).
USUAL PRICES.
BOOKING AT THE THEATRE-
THEATRE ROYAL,
HONGKONG.
OPENING SATURDAY, 9th DECEMBER, ·
AT 9.15 P.M.
-FINANCE AND UNEMPLOY-
MENT.
BANKING SYSTEM ATTACKED.
The members of the Society of British Gas Industries listened to an address by Mr. Arthur Kitsin, the prudent of the Banking Reform League, on the subject of finance and unemployment at their autumn general meeting at the Holborn Restaurant on October 26th, Mr. Kitson attributed the present frightful condition of unem ployment to the deflation of currency, and had some things to say of bankers and politicians, but he found his audience unsympathetic, and in the discussion which ensued the contrary view that deflation was the only way to restore prosperity was stoutly maintained by the majority of the speakers.
Mr. Kitson derided orthodox economista as being unable to prescribe any remedy for unemployment, or even to indicate its causes; and declared that it was absurd of politicians to say that it was all due. to the war. If that ware true, then all the nations engaged in the war would have suffered alike, whereas there was most unemployment in Great Britain and America, the two countries that suffered least in the war. The Labour leaders said it was due to reparations, and to our boing too hard upon Germany; but we had had no reparaticus. Germany had not even paid the cost of the armies of occupa tion. Nor was it due to the state of the foreign exchanges, for Germany was still able to do business with foreign countries. What, than, was the cause? Ia Marcb, 1920, Mr. Austen Chamberlain, then Chancellor of the Exchequer, said the Government had set its heart on defisting the currency, and called in the bankers to assist in restricting credit and raising the Bank-rate. From that day the trade slump commenced. Why did the Government. pursue such a suicidal policy? It was be- cause of the advice of the Cunliffe Currency Commission. Commission composed
THE CHEFALO AND PALERMO COMPANY, entirely of moneylenders. We had only
A RIOT OF FUN, THRILLS AND MYSTERY, INCLUDING THE LATEST NOVELTY
ENTITLED
"SAWING THROUGH A WOMAN."
PRICES
CRYSTAL GAZING,
ETC., ETC.
BOOKING AT MOUTRIE & CO
83. 2.1.
THE EAST ASIATIC CO., LTD.,
COPENHAGEN.
*
The M/S.
MALAYA"
will be loading for GENOA, ROTTERDAM, AMSTERDAM, HAMBURG.
COPENHAGEN and other SCANDINAVIAN PORTE, “
Further Bailings.
M/S. "Panama ”
M/S.
"Astralien"
M/8.
"Afrika"
M/S.
* Chile
about 14th December.
Expected cu
or abcat
8th January, 1828.
Will leave for above
ports on or abont
18th January, 1823. 20th February, 18th March,
10th February.
"
12th April,
3rd March, Subject to change without notice.
For further particulars please apply to:-
JOHN MANNERS & CO., LTD.,
Agent.
WILKINSON'S
PAINTS VARNISHES
OR ALL
TUGINEERING REQUIRE
FOS
REQUIREMENTS
WE HAVE HAD RÉSIDENT · REPERSENTA- TIVES IN THE FAR EAST AND HAVE HADE A COMPLETE" STUDY OF PAINT ASD VARNISH PROBLEMS 1K TROPICAL COUNTRIES, THIS EXPERIENCE 15. AT YOUR SERVICE BY COMMUNICATING WITH OOM:LOCAL BRANCH.
SHANGHAI,
Za Klukiang Road,
HONGKONG,
BOMBAY. Oriental Buildings.
Alexandra Buildings,
STOCKS: HELD AT ALL, BRANCHES,
AGENTS AND DISTRIBUTORS IN EVERY PORT,
FACTORIES:
LONDON.
DRAYTON
WILKINSON, HEYWOOD & CLARK, LTD.
GREAT BRITAIN'S LARGEST, PAINT & VARNISH MAXTES, FOUNDED, 1970.
Caledonian Works, POPLAR, LONDON, ENG KE
MISS TORA INOKUCHI MADAME CRAWFORD,
QUALIFIED MIDWIFE.
MRS, HAN INOKUCHI.
QUALIFIED MASSEUSE, (PHONE E 764.).
Ha 91, Asrikt BOLD, KOWLOON.
Book of Stak THEATRE,
avoided civil war by the payment of doles to the unemployed, and the people who n'vised stopping the dole were mad. Two million men who fought in the war were not going to starve quietly. The dole wat alko the penalty which we were paying for dela tion of currency and our insurance against revolution. He argued that by deflation our National Debt had been increased from 28,000,000,000 to £16,000,000,000, and our national wealth decrensod from 230,000,000,000 to £15,000,000,000, and that were repaying out national obligations in money twice the value of that loaned to the country. It was a form of robbery so insidious that the average man did not understand it, or know that it was going on; but it would end in the ruin of the "country unless it were exposed and unless the people protested against it. "Mr. Lloyd George said the credit of the country was going up because the value of the sovereign was increasing, but it was all nonsense Mr. Lloyd George did not und-r«tand the first principles of economies. He was the victim of experts, and they had been fed upon fallacies.
ADVANTÅGEN OF INFLATION.
That was it that made for good trade?
COFFEE
Fresh Roasted
Daily.
Daily treat from our
Royal Reaster.
We feel so confident
that the quality and
aroma of our delicious
Coffee will please you that we are giving away free samples
Call today
BLUE
at the
1092.
INDO-CHINA
STEAM NAVIGATION COMPANY, LIMITED:
SAILINGS, SUBIROT TO ALTERATION"
HAIPHONG vì RoleW MANILA
STRANS DALCUTTA
BANGKOK VÍA SWATOW TSINGTAU SWATOW
& SHANGHAIH TSINGTAU SWATOW
& SHANGHAI SANDAKAN...
BANGKOK SWATOW STRAITS & CALCUTTA КОВЕ
STRAITS & CAL JOTTA. JALUUTIA MNT -
MINGSANG* ** Friday *LOONGSANG" Friday,
*KUTSANG* ...Saturday.
TOHILDAR".
Monday,
8th Dec. 10 INA,
8th Deo. Spamësh 9th Deo. 3 pan. 11th Doc., 10 am;
HORANG
Tuesday,
Lãnh Doàn ộ t tởng
mái “ TẢNG SANG
Thursday,
14th Dec, 10 8.25.
"MAUJANGTM
Thursday,
14th Dec, Noo
18th Dec, 10am
LAISANG”
...Tuesday,
19th Dec, & pr
"HOSANG"
Thursday,
Alat Deo,Room
"KWAISANJ," "Monday,
"NAMSANG
Walneulay, 3rd fan, 3 pm -
This Lize affordi regalar, sailings se Onloutsa, Penang sad Singapore; returning from Calanton atasmes, proceed via Siraits and Hongkong to depan, coassionally calling at Shanghai, Allabekasers have erosions passenger accommodation, fitted with Elastele Light anu anu and oarre a fully-qualified Sarpoon SHANGHAI WHE-Salings approximately every three days between Canton and
"Shanghal, sometimes saling at Swabow Through tickets on
insand be obtained and through Bill of Lading are Forchers and Yangiene Porta via Shanghal MANILA LINE --A woskly sarvion in
HAIPHONG LINE-Sallings exBing BORNEO LINE-Fortnightly suitage to and from Sandaran by two 5,000
WHINNANG” and us. ***MAUSANG" both stammera
« wilings from both porm svery Fridays
weakly for passengers and tad scement offers
having etcellent passenger socommodation. Cargo taken of through Bth of Lading for Kudat Jesselton, Laboan Ta and Lahad Dat
ran- from March, to Movember. batweOGIE TIENTMIN-LIFE--A regular portion is
Hongkong and Tisntein, calling at Walbajeni and Chefor, "BANGKOK LINH --A weekly service is provided bei Hongkong and Bangirsk, es Swalow, by five-glossern fated with up-to-date passenge accommodation.t
CALCUTTA LINE
s.s.; "KUTSANG" will be despatched on or abou Saturday, 9th Dec, at 3 p.m., for SINGAPORE, PENANG
& CALCUTTA,
Through Bills of Lading issued to RANGOON, MADRAS, PORT SWETTENHAM and DUTCH EAST INDIES.
Foz Fraight or Pastage apply to
J
BIRD CO.
T-EXPHONE CENTRAL No. 91.
and secure your
free sample.
THE GREAT
Air Peril
It was the effective demand for "goods, and Germany, though they Ead gone to extremes and over-reached themselves, had realised that they could not get back trade unless there was a fair distribution of money among the people. The result was that there was not a single unemployed peraga there. They were playing one of the deepest games "ever played, and we were the sufferers. They were paying for raw materials with marks which coat them nothing, and, as a consequence, they were able to invade foreiga markets with cheap goods. In making their currency cheap they were perpetrating one of the greatest scandals, with the sanction of the British and other Governments. "If we wanted good trade, therefore, we must find some means of distributing money among the people. We were told that we must get back to the gold standard to restore. prosperity. There was not a single bank that was solvent on that basis. We were Asked to believe that there was a gold basis for all the country's credit. There was not A gold basis for 5 per cent. of it. It was a fraudulent system, and we were in the hands of the moneylenders. There were fifty men in the country who could close down all worke, every railway, and coal mue, and paralyse industry simply by refusing credit, and there was no law to com- pel them to give credit. The banks actually took the public credit, used it an their own, and taxed the public for using it Its this fraudulent financial systemreness and inflammation and sow the seed
which was the cause of bad times, and be saw no possible chance of getting back to n better state of things unless there were complete change. There was unemployment in every gold standard. country. The only countries not suffering from it were those which had not deflated their currency. Unless this financial pro- ble were solved, and solved rapidly, the country would experience far worse condi- tioLs.
THE 14 DAILY" MAIL "A TRUST, LTD.
Aeriai germa which carry dass in the throat and Junca.
Magnified four hu dres diametres)...
Defend your Lungs Against Invisible GERM DISEASE.
ERMS infest the dust-laden atmosphere everywhere. Pass- ing into the system with the air we breathe, these minute disease organ isms at once fasten on, the delicate. fidg of the throat and breathing tubes. Once there, they soon cause
of serious throat add long disease.
To escape this air-borne peril také Peps? Uprootie germs before they carry' trouble into the chest and langs
When you breathe in the medicinal fumes that escape from a Pepa tablet dissolving in the mouth, every part of the throat, bron chial tubes and lungs is instantly bathed with a pleasant, yet powerful germ-killing The result is speedy, complete Tapour destruction of the mischievous germs that. causa colds, chills and throat troubles.
The unique and distinctive feature of the infection killing Pépa medicine is its volatile penċtrutive character;: This enables Peps to Teucrinest parts-of-the-lungs which are quite beyond the reach of the old drug-laren liquid medicines,
to
Peps are not only a splendid remedy keep bandy for coughs, colds, chills, sore-
throat and lungs a new power of resistance against climate and disease.
What is believed to be a record in fin-throat, bronchitis, etc., but they give the ancial issues was created, by the applica Man for debentures in The Daily Matt Trust Limited. Applications were in. vited for £1,600,000. Seven percent, Guaranteed Fifteen Year First Mortgage Dobenture Btook at 99 per cent. The sub- scription list was opened at 10 am, and closed ten minutes lates. The flood of applications was so great that the count- TIRST FLOOR, 10, DES VOUX ROAD | ing could not be completed on the first
CENTRAL
EXPERT MASSEUSE,
"HAIR MASSAGE
CTEK BANK OF EAST ASIA.
[1860
day, when the amount had reached tho enormous sum of £43,000,000 From this it is obvious that there is plenty of money available at home for sound investment
Peps
INFECTION KILLING TABLETS
Of all medieme dealers.
theson & Co., Ltd,
GĦUERAL MANAGEES,
GLEN AND:
SHIRE
Jint Service of Steamers.
UN STRAITS. CHINA & JAPAN
OLENSANDA" *ADORSAIRE" "OLENSHANE"
Tossai
OUTWARDA.
HOMEWARDS.
Leaves Hongkong
SERVICE
Drue. Hoos kong. 18th December. Disk. Jummary. 12th January. 26th January."?
Discharges
**GLENIFFER" 7th Jan.- LOEDON, HULL, ANTWeep, Rotterdam & Haxiura, "CARNARVONJA[B4" [17th Jan, Gan01, Loxaos, H7LG, Hɔtesaɔaw & Hienora
Mavo nees are subject to change without notice.
'Par*fesigh" ne further pactiv ilar please apply to:
Jardine. Matheson & Co., Ltd., The Glen Line, Ltd, Agents.
Telephone Coatral No. 315 sub-er, 13 and Central 3696.
Hotels
[16
JAPAN AND
MANCHURIA
Members of Japan Hotel Association
c/o TRAFFIC Burnau, Dept, or RAILWAYS, TOKYO,
Average Rates lor Single Rooms (without Bath) including meals
85–8 in cities and some popular reserta.
54-5 in country districte.
Chasenji (Nikko) Takende Hotel Kamakura :
Kaihin Hotel
IN JAPAN PROPER
Nagora
Nagoya Hotal Basen p
Kyoto Hotel Miyako Hotel
·Matanshiram sunda Park Hotel Miyajima poma
Nama Hotal Hikko ma-
Kanaya Hotel
Miyajima Hotel Mikko Hotel".
Hotel Mampei Hotel Lobe
R Oriental Hotel for Hotel
Miyanoshita
Fujiys Hote
Narak
Japan Hotel
IN CHOSEN Lejo Bocal) - Magar Chaman Hotel
Prish Bladim Hotal: shingishu
Thingïnka Station Keter
Ovnica
Oaks Hotel
Bhimonoseki
Ban-70 Hotel Shiro-
Dalishwas Hotels
Tokyo
perial Hotel Tokyo Station Hotel Tauaji Sai skan Ho Vokobama.
Grand Fetel
IN TAIWAN (FOBMORA) Tulhoku ---Takwan Hallway Hotel
IN MANCHURIA S Changshan ----
Yamato Hotel
Yamada Hotel Holzigzak zim
„Yamisto Hotal.“
Hotel (Muktan): Yamste Hate!!
Byojun (Park Ariker)»——
Yamato Hotel
THOS. COOK & SON
RAILWAY
INSURANCE
STEAMSHIP
FREIGHT
AGENTS
BANKERS.
Tickels Iened. Letters of Credit & Circles -Botes farned and Qushad, FAR EASTERN TRAVELLERS GAZETTE”
Seems free on suplication;
150 OFFICES THROUGHOUT THE WORLD 150
& TOKOBAMA
HONGEONG, SHANGHAI, TIENTSIN. PEKING
Chel Dios1 LUDGATE CIRODS, LONDON EC, Local Address-Hongkong Roel Building,
BONGKONG:
Telegraphic address =** COUPON.