1923-02-21

Page

THEATRE-

HONGKONG

THE HONGKONG DAILY PRESS, WEDNESDAY, FEBRUARY 118r, 1993.

ROYAL

* THE GREAT AUSTRALIAN THEATRICAL FIRM

J. C. WILLIAMSON, LTD.

PRESENT THEIR

GILBERT & SULLIVAN OPERA CO.

By Permission of Mr. R. D'OYLE CARTE headed by his Famous London Star Mr. CHARLES WORKMAN

PRICES

from the SAVO & LYRIC THEATRES, LONDON,

with Full Cast and Chorus of 40.

"THE

TO-NIGHT

GONDOLIERS."

BOX PLANS AT MOUTRIE'S.

MATINEE -$3, $2 & $1.

Children-Half Price-Cash Booking Only

P. & O. BANKING CORPORATION, LTD.

(INCORPORATED in England, 1920)

with which is affiliated

THE ALLAHABAD BANK, LTD

AUTHORISED CAPITAL:

SUBSCRIBED AND PAID UP

RESERVE FUND

Board of Directors

£5,000,000. £2,594,160. £90,000.

The Ht. Hon. Loni Iscucarn, G.C.M.G., K.G.S.I., K.C.I.E. (Chawman).

Rt. Hon. the Earl of SELBORNE, KG,G.C.M.G.

Sir FREDERICK ELLY, Eart.

Sir MONTAGU CORNISH TURNER.' '-

Sir DUNCAN CARMICHAEL

James MACKENZIE, Esq. 3. M. 8. Gorbat, Esq, 081

FRANCIS ALEXANDER JOHNSTON, Esq. "ALFTANDER KRMY WRIGHT, Esq. WALTER OSBORN GRAZIBROOX, Esq. The Hon. ALEXANDER SHAW, M.P. (Managing Director).

0.1.E. (Deners! Manager).

"HEAD OFFICE :-192, Leadenhall Street, London, E.C.3.

West London Branch:-14-16, Cockspür Street, London, S.W.1.

Eastern Branches:

Bombay, Calcutta, Karachi, Madras, Colombo, Singapore," Hongkong and Shanghai

The Corporation undertakes General Banking and Exchange, Business of every description and in addition to its Branches has Agencies all over the world.

C. CHAMPKIN,

22, Des Voeux Road Central, Hongkong.

" .

"We Manufacture, Export and Retail:

Swatow Drawn and Thread Works,

All Kiads of Embroideries, Hand-made Lace, etc.

Manager.

Latest Designa.

Good Qualities.

Reasonable Prices.

SWATOW DRAWN WORK CO

16, Des Voeux Road Central.

P. O. Box 445.

DONN

Telephone No. 2860.

WATSON'S

ΝΟ

ALL

agree that the best is the cheapest.

Watsons EVERYBODY Hatsons

dchotch Whe

Drinke

agrees that e Watson's is

2. Whisky preserving. the finest traditions of

SCOTLAND'S BEST

SOLEAGENTE

WHY

இயங்க

REPARATIONS, PROBLEM.

"SOME BASIC FACTS.

PROSPECTS OF DERMAN PAYMENT,

The following are the salient features of Memorandum prepared by Mr. Arthur Balfour for the Executive Council of the Association of British Chambers of Com- meres last month. It presents the econo- mio situation in regard to reparations,

and emphasizes some aspects of the matter about which considerable misapprehension

exists:

....

SOURCES OF PAYMENT.

The original Reparations claims under the Treaty of Versailles were ;—— 1.

British Empire

France

Italy

Belgium

Гарал

GAMBLING AND DRINK THE TWIN CURSES OF AUSTRALIA.

INTIMATIONS

PARTICULARS

The marvel in Australia. is where all the maney comes from which is, gambled away| VALUABLE LEASEHOLD PROPERTY

Situate on the racecourses. Racing and gambling are the curse of Australia. When a big

No. 13, WING HING STREET, meeting is on nothing else matters. Even

VICTORIA, HONGKONG, the Australian Fleat arranges, or what is left ofrit arranges, to be in Melbourne for the Cup fortnight and in Williamstown

for that Cup, and, of course, it is detain- ed at Sydney when the Sydney Cup is run in the autumn, and for the very fashionable spring meeting.

፡፡

To be Sold by Order of the Mortgages BT

PUBLIC AUCTION, IN ONE LOT

Од MONDAY,

190 18th Day of Max, 1813, at 3 O'CLOCK, P.M. Mrs. LAMMERT BROTHERS

Ar. Tanix Orrick, DUDDELL STREET.

During the four days of the recent Raudwick meeting the totalisators took £2,846,700,638 over £350,000 and the betting through the 8,741,863,843 totes does not represent one fifth of the (2,068,515,635. Įnowey laid. The totes are for the small

HE Property consists of First ALL 1,463,104,477 fry. The big money goes to the bookies,

THAT piece 81.977,400 and about as much as the totes take at Victoria in the parcel of ground situate of Hongkong and passus to the illicit S. P. bookies, who registered in the Land Office as SECTION £16,105,352,033 are the curse of industry and business. A of INLAND LOT No. 3188 together with This sum, after various Conferences, has Between September 18th and November the messunges erections or buildings thereon been reduced by the Reparations Com 13th more than £4,000,000 passed in bets now known as No. 13. Wing Hing Street and

Secondly ALL THAT

strip of land at the rear mission to £6,000,000,000. In pursuance on Australian racecourses. Where does it of the said Section of Inland Lot No. 2168 of Article 237 of the Treaty of Versailles, come from? Primarily from the high being a scavenging lane. All of which pre- Bums received from Germany Under the basic wage. The minimum wage of £4 per misas are held for the residue of the term of head of reparations are to be divided into work in Australia is due not to the high 75 years from the 15th day of May, 1918, the following, proportions-British En-cost of living, but to the high cost of with the valuable machinery now situate in by the Crown Lease thereof together pire, 22 per cent.; France, 2 per cent, gambling and of drink. If the public had Italy, 10 per cent; Japan, 75 per ent; any idea of how it is being robbed by the or upon the said premises and at No. 1 Belgium, & per cent. Portugal, 70 per brewers I believe that prohibition would cent: 0.3 per cent shall be reserved for:

In New South Wales the obtained from be certain. Greece, Bumania, the Serb-Croat Slovene drick trade is the monopoly of three State and other Powers entitled to, rims, who control over 90 per cent, of the parations

זני -

The only sources from which Germany can obtain funds for the payment of réparations in gold or acceptable foreign currency are (a) From excess of exports over imports; (b) by services rendered by her inercantile marine or in other way to other nationals; (c) a certain surplus of interest on dividends she may receive from other nationals on German invest- ments abroad. In considering (a) it must be noted that the population of Germany has been approximately reduced by 19 millions: that the very productive steel plaats of Alsace-Lorraine, with their ore folds, have been transferred to France.

There is in

Gordon Street.

Particulars and Conditions of sale

may

1387]

M HASTINGS & HASTINGS,

Solicitors, 8, Don Vanx Road Central,

Rand Məsus, LAMMERT BROTHERS!

Auctioneer a

ON THE BRIGHT SIDE,

Step across to the

HONGKONG CIGAR STORE

INTIMATIONS

BOWERN & C

No. 8, Murex ROAD, SHANGHAL

Members British Chamber of Commerce (Shanghai), MT. W, BOWERN; Fellow of the Institute of Chartered Shipbrokers, Incor porated by Royal Charter, London,

STEAMSHIP AGENTS AND SHIPBROKERS."

For the Purchase, Sale and Charter of Vessels of any Tonnage, Passenger and/or Cargo, New and/or Old, with delivery China at Very Low Prices.

SALVAGE OPERATORS, MARINE SURVEYORS

AUCTIONEELS, COAL MERCHANTS, FERIGHT BROKERS, METAL MERCHANTS, Machinery For Sale, New and Old in First Class Condition.

IMPORTERS AND EXPORTERS, SHARE-BROKERS

Members Shanghai,Sharo-Brokers' Associa."

SOLE AGENTS FOR OBINA :— 'GREEN'S PATENT ANCHORS. SAMULL WARREN & Co., LTD. (Sheffield), .'

High-Class Steel Manufacturers (Tank Brand}}

Catalogues nad Price-Lints on applicationi.

(Enquires Welcomed

Cable ADDRESS': Bownay, Shanghai.

Cons: Bentley's, Scott's, B.C.

5th Edition and Improved.".

AMERICAN EXPRESS CO.. ESTABLISHED)

Asenica 1841, EVROPA 1891.

HEAD Ornica: ··

65, Broadway, New York.

BANKING

INTERNATIONAL

botels and licensed houses. All these houses are tied, and not only do the brewers control the supply of liquor to the houses, but the prices at which the liquor is sold. The minimum profit ou cost of spirita is 126 per cent. The minimum profit on bear is 86 per cent. The minimum profit on aerated waters is 139 per cent. Any publican who sells at less than these prices is punished by the forfeiture of his rebates, and if he persists loses his licence. fact, no livensing authority here, because the brewers have arrogated to themselves the right of deciding who shall and who It seems astonishing that when the re-ranched such a scandalous pitch that Mr. shall not hold a licence. The matter has parations as originally fixed and later Ley. the N.S.W. Minister of Justice, reduced werk under consideration, no little notice was taken of the fact that has decided to introduce legislation on the But how far the Nationalist German imports always heavily exceeded subject. her exports, as the following table shows: Government can afford to offend the

Excess of Importa powerful brewors ring is a question.

These, really, are the causes of the high FROM NO... DUBDELL STREET. Suitable CABLE AND POSTAL REMITTANCES. over Exports.

. 1909

1950

1911

ነ

1910

1913

.£93,024.000

71,759,000

78,647,000

85,255,000 73,064,000

and you'll be

ON THE RIGHT SIDE.

'TO LET.

(83

March, First and Third Floors

basic ago here. Gambling is the much as national pastime, just 13 grumbling is in England. The State Meara Omp, LIVINGSTON & CO., LTD. encourage gambling because of the rovenue it produces. It gets 12 per cent.

Eighty offices ars established in the principej Cities of the World to provide commercial : organisations and private, individuaļa (with, a.... complete International Banking Servios.

COMMERCIAL LETTERS OF CREDIT. DEPOSIT AND CUERENT ACCOUNTS. FOREIGN EXCHANGES TRAVELERS CHEQUES. LETTERS OF CREDIT.

for Offices Electric passenger lift. Apply

PURCHASE OF BILLS OF EXCHANGE.

Every Approved Banking Transaction.

R."P. BOYCE,

Manager.

1st January, 1923.

TO LET.

beginning April (lor One Year

Peak (6 Rooms), on Motor Road, with Garage Tennis Court and Garden.

Apply to 300]

Whereas, when the Peace Treaty was of the tote winnings. 14 per cent of the under consideration politicians spoke lotteries, and, of course, the bookies in glibly of the possibility of extracting re- come and business taxes ran into big FELLBURN, 18, The parations from Germany for a period upgures. There will never bo industrial to fifty years, it is now admitted that rest in Australia till the State ceases to twenty years, and possibly even fifteen ancourage the policy of getting some years, is the maximum period over which thing for nothing, which is reparations could be collected except by encouragement of sport, but an incentive force. This, taking into consideration to leafing Corr. to Sunday Times. the amount of £10,000,000, which it was estimated by experts both here and abroad, Germany might ultimately raine per

Dat

month for payment to the Allies, would, A HANDSOME MASONIC DONATION. under the most favourable conditions, produce reparations to the extent of

The Grand Lodge of New South Wales 22,400,000,000, but it is now said by some Charles Kolling,

has reveived a donation of £100,000 from experts that if £1,500,000,000 in all is beea applied to the erection and endow- The money has extracted from Germany in reparations ment of a Masonic school for the father it is the maximum that is possible.

Ires sons of Australian and New Zealand The British Government has always Freemasons. realized the economic facts in regard to reparations. The difficulty" always has been, and is, with France, and to a lesser degree with Belgium, which has been bound, by the interlocking of the French and Belgian franes, to follow the economic required, the transport necessary to carry policy of France.

-" METHODS OF PRESSYRE

incapable of supplying the necessary coke from the point of view of the quantity

it to the steel works, and last, but not least, the excessive cost of transport, even lete core could be produced in England

It appears absolutely imperative that and the necessary transport constructed some kind of pressure must be brought to or provided.

bear, not only for the moment, bat con-(b) That France feels that with the tinuously. Three methods of applying coal anil coke necessary to develop her

HA. LAMMERT.

TO LET.

OFFICES IN UNION BUILDING-Four

on Fifth Floor. Apply UNION INSURANCE SOCIETY OF CANTON, LTD.

TO LET.

[160

OFFICE and RESIDENCE with Servants

Quarters and Kitchen on Good Locality in SHAMEEN.

Apply A.B., oju Daily Press.

TO LET.

(018

NE EUROPEAN FLAT in "LIE" BUILD. & Wanchai Gap Road. Apply to 32, KENNEDT ROAD, Rourkong.

1258

TO LET.

this prezure, have been proposed: Alsace Lorraine steel works, she will have Queen's Bond Central,

(a) The Association of Chambers of ruined Germany once and for all as a Commerce has proposed the seizing of great steel and iron producing country, Germany's Maritime Customs; the impoa and that this is probably a greater as ing of import duties and the possible surnace to her against German aggression reduction of export duties, with a view than any other assurance that the Allies to lessening her imports and improving might have given her. her exports; that these duties should be collected by the Allies at her maritime The economic situation of Germany ports in gold and used for two specific deteriorating at a very rapid rate.

comparison of the activity of Germany's manufacturing works and the employment of her people with the inactivity and About

unemployment of our own people requires

purposes:

1. As guarantee of interest on a ican to Germany, which loan, it has been estimated, must amount to $1,000,000,000.

feasible.

GERMANY'S ECONOMIC POSITION.

planation is very simple,

The

2. fo go towards monthly reparation some explanation, but, in fact, the ex- payments. So for no sound reason häs been put forward by the British Govern facts which have been created by the war We have grasped the whole econoinic ment, or by anybody else, which would in Germany, on the other hand, has been any way show that this plan is not living in an extreme fool's paradise on a much larger scale than the similar period (b) The French plan is to seize Gera passed through during 1919 and many's woods, and forests and also her part of 1990. She has been produceng a coal mines and work them on behalf of large quantity of goods on a fictitious the Allies. This plan is considered in basis, i.t., the one desire of every German possible.

They are too widely spreads has been to secure something tangible and and it would require a very largo military golid in the form of articles or property force to protect the officials who attempted rather than to hold the Gertuan mark, to carry but such a programme.

(c) The other French plan is to seize volume of tradea Germany and the full and it in this which caused the great, further German ferritory, including both employment of her industrial population. banks of the Ride and the Ruhr district. It is this policy which has produced the This course, means further military vast quantities of unnatural products occupation.

It has been stated that France is pursu-must cause the final disaster of Germany without real value behind them, and which ing a deliberate policy of preventing the and result in the economic ruin both of cettlement of the reparations question with her industry and commerce. The deflation the following object in view:

(a) It is admitted that France cannot severe that it must ruin the bulk of her. of values in Germany is going to be so work the steel works and ore

WO OFFICE ROOMS, Top Floor,

Apply GANDE, PRICE & CO., LTD

2003

TO LET

UNFURNISHED, No. 1441, TBB PRA Rooms, 250 Per Month

near the Barker Boad Tram Station-8

For particulars apply to

DENISON, RAM & GIBBS, 9th February, 1923

355

FOR SALE.

Band

EVERAL Tons of New 2b, NAVY suit Buyers. For Samples and Prices apply to PICKS (British Make) in Quantities to INNIS & RIDDLE (CHINA), LTD., 7. Yuen King Yuen Road, Shanghai

[309

· HOUSES FOR SALE ÁT THE PEAK NEAR MOTOR ROAD.

MOR SALE, either together (suitable for s Mess), or, separately, with early possession, Nos. 2 and 3, STEWART TERRACE,

Apply to H E POLLOKIK,

Prince's Building.

PREPAID WANTED

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