Haig
SCOTCH WHISK“
JOHN HAIG & Co. Ltd.
1. (Owning Kalg & Haig, 129J MARKINCH, SCOTLAND.
JONK HATO &
اسة مسحة
Consumers pre requested to see that every bottle of John Haig Gold Label Whisky as supplied by us bears the foot label thus: “ Gande Price & Co., Ltd., Sola Agents for Hong Kong."
SOLE AGENTS:
THE HONG KONG DAILY PRESS. WEDNESDAY, MAY 7, 1930.
PROF: ROBERTSON ON CURRENCY.
STABILISATION NOT UNTHINKABLE.
FUTILITY OF WAITING FOR
CHINA TO MOVE.
We should not lay too much en- phasis on the mere mechanism of exchange as those seem to do who think that to divorce the currency from silver would drive away the Colony's trade. If a gold standard were adopted, exchange mechanism would be wholly altered and much exchange business now transacted would case, but he thought that the trade of Hong Kong rested on other foundations than ✡ mere coincidence of its currency, with that of China and that its natural advantages as an entrepôt, in' ad- A meeting of the Currency Com-dition to the settled conditions and accure administrative and mittee was held on the May 1 when judicial machinery to be found Mr. T. H. R. Shaw, Manager in effects feared. If there was a pas here, would prevent the disastrous Hong Kong of Messrs. Butterfield sibility of China stabilising her and Swire, and
Rcurrency in the near future, he would not be inclined to advocate Robertson, M.A., of Hong Kong stabilisation for Hong Kong at 'niversity, attended to give evid- but rather a closer linking with silver in the meanwhile. But in view of the uncertainty of stabilisation in China and of the undoubted disadvantages to certain colonial interests of hay- ing an uncertain "stäbling rate, he did not think that the question of stabilisation should be dismissed as unthinkable.
ence.
Professor
In Mr. Shaw's opinion, the pre- sent currency is the most advant ageous for the trade of the Colony in view of the currency prevailing ic China. The unsatisfactory fea tures of the present currency are to which silver
THIEF'S REVENGE.
THREATENS WATCHMAN ON
LEAVING JAIL.
After serving a term of imprison- ment on a charge of larceny from the Kwong Tak Cheong Ship Yard, Hunghom, a Chinese, on his ro lease, sought revenge by collecting a gang of coolies and threatening the watchman who had been respon- sible for his arrest.
The watchman, however, was equal to the occasion, and before the party dispersed, the Police, sent for by the watchman, arrived on the seene and had the ringleader ar
rested. The remainder managed to escape.
The man appeared at the Kow. loon Magistracy yesterday and was convicted and sentenced to six weeks hard labour.
A MAIMED MOSLEM."
FORTNIGHT IN HOSPITAL
AFTER AFFRAY.
GANDE, PRICE & CO., LTD., the fututions and the ducture members of the Committer. Of in the latter had to be detained in
St. George's Building, Ice House Street, DIAL 20135.
HONG KONG.
The Rendezvous
for
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WHEN YOU ARE · ENJOYING THE
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AT REPULSE
BAY
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Dainty Teas can he ordered to be sent down to Your Matshed.
緊不緊飯 H
“Work may be hustled, but not food
W
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HORLICE'S MALTED Max makes an excellent light lunch-its easy assimilation makes no demand that the most fatigued system cannot meet, and it is made in a moment with hot or cold water.
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Representative-Hr. H. M. HODGES, P.O. Box 1371, Shanghai,
Interested In Wireless?
Then look for some
interesting news
in the Daily Press" next Thursday.
In a fight between two Indian Exchange Profits,
chauffeurs on Monday, it was alleg. Professor Robertson replied to ed that Ajun Khan inflicted such numerous questions put to him by injuries on Noor Mohammed that ing premium on the bank note over terest were his views that under hospital for about a fortnight. silver parity. The remedy, estabilisation, exchange business and The incident was mentioned to thought, was to get rid of this the profits on it would depart from Mr. T. S. Whyte-Smith at the Kow fuctuating premium and attain Hong Kong but the goods would loon, Magistracy yesterday, when silver parity and, provided China still pass through the Colony; and Ajun Khan was charged with caus did the same thing, to stabilise the that in present circumstances there ug malicious and grievous bodily sterling value of the silver dollar,was, as far as he could see, no
harm to Noor Mohammed.
The defendant, who was repre The premium is detrimental to benefit to be attained by transfer- prosperity and might be controlled ring the note issue, from the presented by "Mr. Leo d'Almado, was by a freer girculation of legitimate sent banks to a Government bank temanded for one week formally, silver and by Government legislat provided the present issuing banks bail being granted in the sum of ing to make it an offence to charge could issue up to the requirements. $500. a premium. There is, in his opin- ion, no scareity of silver, but it is not circulating as freely as notes because of the premium on the lat ter. Tó étabilise the value of the dollar is desirable, but he did not think any steps should be taken to that end unless there was conçur- rent similar action in China.
Prof. Robertson's View. Professor Robertson, to whom the Cominittee is greatly indebted for awell-considered memorandum covering the various questions at
The meeting expressed its thanks to Mr. Shaw and Professor Robertson for their attendance.
IN QUEST OF TOADS:
YOUTH'S WANDERINGS IN SHIPYARD.
Charged with being unlawfully fourd in the Kwong Tak Cheung ship-yard, with intent to commit a felony, a Chinese lad was brought before Mr T. S. Whyte-Smith at the Kowloon Magistracy yesterday. Magistrate discharged the accused, as he held that the ground of intent to commit a felony was insufficiently'
YOUTH WITH BAD HABIT.
I
A Chinese lad who was ordered: to received a flogging in January and April last for stealing. was ngain brought before Mr. Whyte- Smith yesterday on the charge of stealing a piece of copper from the Kwong Tak Cheung shipyard.
He was sentenced to six weeks' imprisonment.
FISHMONGERS FIGHT.
TWO MEN CHARGED AT
· POLICE COURT,
Following a fight at the Central Market on April 3, two persons, who are alleged to have indicted grievous bodily harm on a fish- monger at Central Market, were brought before Mr. A. W. G. H.. Grantham yesterday, after having been remanded on previous occa
8:00.
Mr. Leo d'Almada e Castro, St., applied for a reraund on the ground. that he was representing the cou plainant and had only just received instructions. The complainnut, add- ed Mr. d'Almada, had been in hos- pital for a long time and was hardly able to speak.
The Magistrace granted a remand until Saturday morning. Mr. F. C. E. Rendall is appearing for the de fence.
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issue, thought that a pronounced After hearing the evidence, the CLASSIFIED ADVERTISEMENTS.
disparity between the unit of Hong ng currency and silver parity could not have appeared had coins continued to circulate freely and had there been no impediment to the inflow and outflow of silver dollars. By a convention the notes of the issuing banks became the recognis ed money of account and dollars ceased to be accepted or to circulate. If silver fell, the note Lagged, though till the summer of 1920 the premium, even if it fluctuated, did not become unmanageable; but after that time, for whatever cause, it threatened to become a totally incalculable factor till action was taken for the re-admission of silver dollars into free circulation......
proved.
HOUSES TO LET.
For the prosecution, P.C. Farrell said that at 7 o'clock on Monday night the accused was observed by an indian senstable when he climb TweedUAN To Fuse
ran into the sea,
LET-LuGUAN VILLA, Prince
ed over a wall of the shipyard. The roomed European House with Tennis policeman followed him and even-Lawn, Garage, outhouses, and well laid. tually arrested, the aroused, who eat and fully planted flower and veget able garden, &c. Covering over 30,000 the Magistrate, P.C.quare feat of land. Possession in JUNE Replying Farrell said that there was only one next. Apply to J. M. WONG, 38, the hands of the liquidators, and that watchman in the yard, which was in Connaught Road. anyone could do what he pleased within its precincts. There were
[9319
LET 5, ST.27 TERRA, T No. 268, The PZAX, Two Storied,
Professor Robertson thought that much metal and parts of machinery Fire Booms, Berrants' Quartors. All
the present currency was disadvant- geous to the trade of the colony insciar as the minds of merchants must always be in uncertainty be- cause of rising and falling ex-
changes. It was true that the trade of Hong Kong is a preponderating
in the yard..
The Chinese lad told his Worship that he climbed into the yard to catch coads, which he hoped to sell.
Modern Conveniences. Moderate Rent Apply MESSI. DEACONS, Prince's Building.
[656
SHOPS TO LET.
110 LAT-SHOP in NATHAN Boazi TOWLOON Excellent Business
STATÉ
ik
WANTED.
►EFLEX CAMERA (Folding Model)
Locality. Apply HUMPHREYS R Wanted for quick porconany Sizes FINANCE Co., LTD., 2 x 3 Quarter Plate. Zeiss or ALEXANDRA BUILDINGS. (9240
Kous les profarred-Plaase write with fall particulars to Box No. 9354, c/o Hong Kong Daily Press. [9354
Most Central Position of Hong 10 LET, on Lense. SEOP in the Kong, Facing on Two Main Roads Early Occupation could be arranged. Bent: Reasonable.-Apply Box No. 9242, c/o Hong Kong Daily Press.
[8242
GODOWN TO LET.
GUDOWN A WHITriked Road,
I
ECOND-HAND Bodster of say
make. Must be cheap and of the latest model. Please stato Price and particulars to Bar No. 9370, ejo Hong Kong Daily Press.
WANTED TO
The Magistrate, asked if that were possible, or not, and F.C. Farrell O LET-Premises on GROUND A About 2,500 Square Feet Next WANTED polied that there might be some in T FLOOR of BA.T. Building, to KYOS, HANG HONG GLASS CACTCRA, the yard.
The Baad, CANTON, suitable for one orPlease apply EWONG BANG two Shops or Offices. Apply B. A THONG, LAD CO., HONG KOSG
guilty of felony.
SUPERSTITIOUS RUMOUR
IN NANTAO."
ly transit trade, and thus it was His Worship discharged the nc- out of her power to remove in-cused and remarked that the evi- stability of exchange as affecting dence produced was not sufficient her transit trade so long as between
to show that the led had been the ultimate countries of origin and destination no stability exists, but it was at least advisable for Hong Kong to have a currency which would not introduce additional in- stabilities or uncertainty. She should, therefore, have a currency The Shupao aays that a strange atable either with regard to the rumour caused much concern among gold countries with which she deals Nantao Chinese last Thursday, this or with, regard to China, and at being to the effect that a bridge present she attained neither of these was to be built in a certain place desiderato. There
further and that, according to Chinese disadvantages in the present cur-legend, hundreds of unmarried boys rency in connection with the pay- and girls were required as sacri- ment of administrative expenses ficial offerings to the god of the out of a silver revenue, and where bridge. The god, according to the | individuals and institutions have fumour, had sent agents to secure to meet sterling expenses out of dol- the necessary number of unmarried lar incomes.
boys and girls and this accounted for the strange non-appearance of many children that day. Super- stitious Chinese parents were much concerned over the matter and they brought their children bome from school and kept them bere all the day...
were
|-
An Unvarying Premium.
Inquiries were made and it was found that the local Chinese autho rities under orders from the Kuo- mintang, had ordered students not
In the Professor's opinion, & fluctuating or uncertain premium was detrimental to trade and pros. perity; but an unvarying premium was not necessarily so, as it would at least remove one source of un- certainty. The higher real cost of shipping and other services entailed by Hong Kong might not be a handicap to her with her competito absent themselves from school Bo tore, as prices must, in the long as "to prevent them from being run, adjust themselves to purchas utilized by Communists to create ing power. Fluctuation would, disturbances-Inst Thursday, which however, prevent such adjustment, was Labour Day. They went so far! Professor Robertson did not as to send. school servants, to the think the linking of the currency students' homes when the latter with silver was, on a balance of failed to show up at the usual time, advantage and disadvantage, good The appearance of the students on for the Colony. He thought it the streets later helped to dispel could be argued that there is an anomaly in satting up a British administration and judiciary and other institutions, both pub- lic an private, which con. At Kowloon Magistracy yesterday, tribute to a secure and sound Sub-Inspector Chester-Woods made social community, and at the an application before Mr. Whyte- same time. hesitate to introduce a Smith for permission to withdraw atable currency, on the assumption charges of kidnapping and harbour- that it would destroy our transiting a Chinese girl (8), the daughter trade. By adopting a stable stan of a junk master, which were barefoot told the brought in Chinese last advantages and disadvantages of week. 'any movement in silver would be transferred wholly to the Chinese side, though in the matter of ex ports of invisible" services, Hong Kong would be handicapped on falling price of silver in competi tion with Shanghai.
the rumour.
A CHARGE WITHDRAWN.
Mr. F. X, d'Almada, jnr., who appeared for the defendant, Agreed that the charges should be with- drawn, as the prosecution did not bave sufficient evidence.
The Magistrate granted, the appli- cation.
[9371
[0001
LET-GODOWN at Dundas T
..STREET, Mongkok Water MEEUNG CHAT. Attractive Four Frontage and use of pier. Ares. 90 ft. Boomed BUNGALOW for Sale24ft.Apply Rox 9301, 0/0 Hong Kong or To Let immediately. Completely Daily Press.
(9301 furnished, Garden and Tennis Court -- Apply LOWE, HINGHAM & MAT- THEWS, Chartered Bank Building
FOR SALE.
[9378
·POSITION VACANT.
by Old established REQUIRED
British Firm (Import Department Eurora with experience in Bella
Britisher FOR SALE 14/40 M.G. SPORTS Supplies And Hardware
SALOON First Class Condition preferred. Box No. 9962, c/o Hong can be seen any time. DURO GAR-Konz Daily Press AGE, Nathan Road, Kowloon." [564
[9362
BUY
[9370
Second Hand 200 volt OSCILATING FAN 12tate make, Particulars and Price to Box No. 9859, c/o Hong Kong Daily Pren
[9352
to Βαν от
Hire BATHING SHED at 13 mile Bench or at CASTLE PEAK Please, state Price and particulars to Box No 9376, c/o Kong Hong Daily Press.
[9376 WANTEDY Trea Children engagement & Nursery Gover Experienced with
ness, Norse or Companion. Write Box No. 653, c/o Hong Kong Daily Press.
1653
MISCELLANEOUS.
UNION JUROL KLAKEDT
ROAD, JUMBLE. SALE on FRIDAY, 9TH INST. at 2.30. Contribu- tions of Old Clothing, etc., thankfully received at CHURCH ŽALLA [666
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The
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\dvertisement Manager, "Hongkong "Daily Press,”
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