YOUR BEST CREDENTIAL
a smart Overcoat
Some men are only brought
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Our Winter showing of Over- coats will guide your choice into a suitably stylish channel at an economical price.
Mackintosh's
William Rae's Exhibition of
Dinner Services,
لمبا
Tea Sets,
Tea and Coffee Cups,
Crystal Necklaces, etc, etc.,
AT
MESSRS. KOMOR & KOMOR Opening Monday, 8th December.
The well-known Porcelain Manufacturers Hessrs. WILLIAM RAE of Kobe, Japan will exhibit the latest and most refsed patterns of Porcelain for
Five Days Only
*
AT
MESSES. KOMOR & KOMOR
Chater Road:
Art and Curio Experts
St. George's Building.
The Exhibition will be Open from 9 AM to 5 P. for 5 Days Only.
wour guneantre
HONG KONG DAILY PRESS, TUESDAY, DECEMBER 9, 1930.
THE SILVER SLUMP AND PROPOSED
REMEDIES.
MORE LIKELY TO DO HARM THAN GOOD.
DANGER OF FICTITIOUS VALUES.
TO THE EDITOR OF THE "HONG KONG
DAILY PRESS,"
Sin,-Your leader, discussing the
creado their international buying properties.
For an example of xation of
ARRESTED AT THE RACECOURSE.
URUGUAYAN PLEADS NOT
CUILTY.
ALLEGED POCKET PICKING,
Jacob Goyas, described as an Uruguayan, pleaded not guilty at Central Magistracy yesterday, to a
statement attributed to Mr. Darling silver values take our neighbour arge of the theft of four 850
of the Midland Bank in yesterday's Singapore with its 2/4 dollar! Is she any more prosperous really as issue gave a vary, timely warning |
far as living expenses go than Hong against ungue optimism is to the
The Kong. All the prices are up in futuro of the local dollar. ixation of a standard ratio between proportion, her dollar has not gone gold and silver by any government down but it is harder to get, now within its own jurisdiction is ob- her rubber and tin have gone down. viously quite fensible and it trade Fall in prices of silver still has was purely internal a very laudable power even if standard is fixed.
iden.
notes. Defendant was arrested at
the racecourse on Saturday after, it it alleged, he had extracted the money from the pocket of MT. wong Sang, a building contracter, of 80, Fourth Stroot, West Point.
THE ASIA COAL & BRIQUETTING CO., LTD.
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A ton of "Colate" does the work of 14 tons of ordinary lump
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Other advantages, two thirds loss aroko, less work in firing, stenu
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Special prices quoted for bankers and factorice upon application.
Ask for mimples immediately.
RULING CASH RETAIL PRICES FOR HOUSEHOLD: Hong Kong:-$18.00 per ton ex dodown. Delivery
charges exira.
Kowloons-$19.00 per ton delivered.
For full particulars about delivery charges, please apply to the
Company's Office, China Building, 2nd floor.
Sub-Inspector M. Murphy, asking MaXWRIE for a week's remand, said that de fendant recently arrived from Can-
If we take the present price of ton ind was without any luggage. No country, however, can exist rubber, and compare it with the In the meantime Mr. Kwong Sang on internal trade, and for external price of the war period, we shall
was away in Canton on a short trado a standard of values must be e A similarity of contrasts in adopted which is internationally values to the local dolar during visit. acceptable and as far as possible the same period. indestructible comparatively port. able, and stable, Through the ages various standards have been adopt.) ed, salt, hides, cattle, alaves, but they have all given way to gold or -silver, and now silver has had its day owing mainly to its plenitude and lack of portability.
·
Overproduction.
The world having givea Atself ever to strenuous endeavour, has largely overproduced owing to Inck
Mr. Lindsell called for evidence uf arrest, which was given by Loo Shan, a detective, who was one of several on special police duty at the race meeting.
of cohesion between the countries Witness said that from 2.30 pm. concerned; and to violent compéti
tion. India has very largely gone he kept Goyas under observation, as Modern conditions finve produced over to notes and gold and China his movements among the people security of property and millions of has spent her spare cash on arm thronging the enclosures appeared people in the East who formerlying the population or has hoarded
huarded ailver now heard currency till such time as the rapacity of to be suspicious. An hour later, de- agtes. As an instance of this, dur- the Army financial departments has fendant, acompanied by two other ing the late War the Imperial Bank died down.
foreigners, went up to a group of of Persia's paper money was at a Security only will cause wealth promium in Persia when all the to flow. A peaceful India and a people buying tickets at the coun- paper money in the world practical-peaceful China will automatically ter. One of the foreigners pushed iy, was at a discount portability put the silver question to solution his way through to the counter in front of a Chinese. At this stage The huge quantities of silver in as their carning capacity increases the defendant, extracted a wad of India, waiting to come on the mar Germany made as many notes Rg ket through the agency of the she required to pay her people and notes from the right side pocket of Government of India, as favourable so inflated the currency that their the Chinese and attempted to pass conditions arise, has been largely value drifted to nothing and if it on to one of his ecnfederates.
"I grabbed his hand," continued the cause of the fall in the price of silver is given fictitious value the witness, before he could pass the silver, plus improved methods of production will be so enormous that notes over. Calling the owner's at refining or mining, which have con.it is doubtful whether it will be tention I asked him if he had lost verted scrap ore into payable assets, worth twopence an ounce after the and it appears somewhat absurd inevitable slump and repeal of the any money, and after going through the porkel, he told me that had lost for a country which does not pro falsó value.
four 850 bill.!! duce silver, to "want. to give the metal a value four times its com-convenient internally and, will_al-· |- modity exchange value,
Lasson From the Past.
Red Hackle
WHISKY
"RED HACKLE" Whisky,
A welcome change;
If you are not drinking "RE › HACKLE" you are no drinking the best.
You
Try it for a clinuga, will continue to drink it from oboloo.
Awarded First Prize in th、 Competition open to n'i whiskion at the Breword" Exhibition in London. Try it and judge for yourself. AGENTS:
FATAL MOTOR SMASH.
A token currency ailver is very Further hearing was adjourned TRUCK CRASHES. THROUGH
ways have its uses in every day life until 11.30 h.m: next Monday. but it has largely been going out
of fashion even in the East for the
The following items are on the agenda for the mesting of the Sanitary Board this afternoon.
to:
BRICK WALL.
COURTYARD.
W. R. LOXLEY & CO.,
HONO Koso,
CAMPAIGN AGAINST
MALARIA.
QUESTIONS FOR SANITARY BOARD.
When
At to-day's meeting of the motor-truck" orashed | Sanitary Board Mr. M. K. Lo'will Minutes by the President relative against and burst through a wall ask
With reference to my question
The general effect would be cer- Inst fifty years and as banking SANITARY BOARD, AGENDA. FIVE PERSONS THROWN INTO MR. LO'S PERTINENT QUERIES. tainly to increase the buying op facilities become more common and improve with portunities of the silver standard communications countries fourfold, but, at whose security in the most distant parts | Would the Western of Asia, so will silver go out of expense 7 populations acquiesce in this bene.circulation as money or a modelary volence or would they put up the metal internationally. nrices fourfold? An official inter-
The International Bank.
The appointment of Dr. R. A. de at Seth's Corner, Garden Road, ference with internal money stan
Cuatro Basto to be a member of the yesterday morning, live persons, dards is easy for any government The International Bank which at but the official interference with presen: is mainly dealing with Re-Select Committee for Aerated Water three men and two women, were EVERYTHING (S&C. ELECTRICAL money values internationally has parations a really the gum of the Manufactories in place of the Hon. Juried into a courtyard thirty fest
always been impossible, and to give new international money outlook ourable Mr. J. F. Braga.
The proposed appointment of two below. As a result, one of the instance the dehared coinage of the and in the not too distant future Market Inspectors and to the de- victims sustained a fractured skull Stuarts, the assignate of the French one can see all the gold of the puting of these Inspectors to pre- Revolution, the mark of Germany world being deported, there as a
four others were injured. and the Russian rouble all brought accurity for international setile secute for contravention of Market from which he later died, and thu disaster.
Blad na conoprist made nents of trading accounts, and in. By-laws.
By clinging to the geering wheel, such a suggestion as Mr. Darling is stend of exchange brokers speculat.
the driver saved himself from be eputed to have made all the banking with the money markets of the ern of the world would have scorned world and depressing or boosting China produces large quantities The iden due to their experience of any particular currency a few points of raw and manufactured matorialing, thrown off the vehicle, which; the bi-metallism agitation of the up or down every day, balances will and is not a poor relation. Pro- strangely enough, did not fall into
still the courtyard. last thirty years of the nineteenth be adjusted at the International sperity would make her a sentury and its results on American Bank neid a cable will advise from larger customer and would leave
The lorry, owned by Mak Hok- day to day the country concerned bera margin for educating hekwa, was used to supvoy brjoku Bankers and the Populace, As to how its credit stands, with that great population and the com.
scheme at work even gold many go munity of interests would bind the from excavation work near Norman Bankers are human beings even out of circulation. The Taterna world-together in the only tie that Cottage, Peak Houd.
After the in business hours but are prone to tional Bank if fostered at the same modern humanity sens to consider orach, the front wheels, mudguards ignore the results of their financial rate as at present will be in a pasi-worth while, self interest. scheming on the interests of the
That material outkok would not and axle of the lorry were badly
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population at large. Rationalization to eliminate Wall Street, the tion, limitation of production of European Bourses and the Enematter because in that self-interest buckled, and the nearside of the Wish Stack Exchange and that of nations lies that opportunity for chassis was broken. Thú – Wall food and metals, etc,, are all being security will stabilize currency the well-being of humanity at large which was struck by the lorry show tired as a panaces for poverty of everywhere, and only prices w culturally and materially. the nations, which was caused by fluotuate and slothful or pugnacious the frightful waste of resources nations will be penalised by bich during the war years. Those of us prices. That however is only slowly who do net draw it seer at the taking form and in the meantime of Mr. Darling's amount to but to what shall be done.
and France.
dolo but what does this proposition all kinds of ideas are rampant ravity of Governmental interfer. wheel could be on suspended in
dule to the silver" producing, and using countries in the hope that
It would appear that a loan would be best, to the silver using coun it will increase their purchasing tries!
power. What would the hoarders
Platinum.
Asla the Problem.
Government Enterference: Britained a hols of about five feet, in length, and for some time after the accident the pearside front The most striking instance of the ence with values in modern times the air over the courtyard. is shown by the result of the British
It appears that at the end of Government's deflation policy after its journey on Garden Road, the the War sho atabilised the "pound sterling at a frightful expense by lorry backed about 100 yards up pawning weurities for British in Peak Rand, where it was loaded as a result she is paying back w
Grashed Tath Wall..
ho
At Seth'sCorner, an Indian con.. stable on point duty gave the
on Malaria Prevention pat to the Head of the Sanitary Department at the meeting of the Board held on February 16, 1930, when the Head of the Sanitary Department. answered my question in the fol- lowing terms: I am authorised to state that in order to enable tlie Director of Medical and Sani- tury Services to make recom ieendations to the Government as to what should be done, two ex- parts in Malariology have been engaged from the Federated Malay States and are shortly due to arrive in the Colony will the licad of the Sanitary Department be kind enough to find out from the Government and inform this Board
Whether the malariologists: lave, or the malariniogist has, made any reports as the re-. ault of their or his investiga tions in Hong Kong to the Honourable the Director-of. Medical and Sanitary Ser. vices, and if so, what is the. date of such report?
ii. Whether, as the result of such report, the Honourable the Director of Medical and Banitary Services has made any recommendation, to the Government as to what should be done, and if so, the date when such recomendations were made.
B. If the answer to the above
questions be in the affirma tive, what aotion the Govern- ment intends to take on such
the recommendations
of the Honourable the Dired- tor of Medical and Sanitary Services will be published for the information of the public, and if 10, when, Will the Head of the Sanitary Department, also state for the information of the Board aa to whether or not there is any definite evidence that the area "comprising the Deep Bay, Re- pulse Bay, and Stanley Dia- triots, is malariatly infected
of silver in the East purchase! Gold 'as over, and the price of "Modern polities are against inter gold would rise till a balance of national hans ne concessions atvestments all over the world and with old bricks. Five Chipse commodity values was again arrived, demanded a securities for fund r at similar to the ope existing at Payment and concussions lead to the investing and pension drawing earth coolic, were sitting on
War and there to poverty, again, alasses in Great Britain a twenty orry when it descended Peak the present day.
The wild speculation in silver vicious circle and a cycle of shilling pound for every thirteen
Road. shares would shake the financial vicious riretes through the ages chilling pound she borrowed or pro- fabric to the foundations and the which can end only in Sovietism.
mised during the war and so has Amerion stands out of the League to submit all classes in Britain to slump that would eventually ensue,
.of.a of Nations, Europe talks would cause such industrial depres United States of Europe silver pro-
than 38 per cent, morę faxation sion, and poverty, that further con verts would be made among the dreing South Americs (and silver would have been necessary had phe
The car carefully osmo down, the peoples of the world to the Soviet ing) countries, are proteges main permitted the round to take its "proceed" signal to the driver.
ly of the United States, Asia is still own international level. principle;
Wo were patted on the back by steep when it approached the junc mainly the problem. Persia has America as being jolly good sports tion of Seth's corner, it would adopted a gold coinage at a time for being the only people to pay our A rarer metal than gold, plaid when silver is at its lowest and is debts and our national: pride was appear that the driver took a
the country opening-up
with rail- num, was of one time suggested for.. monetization, but as Russia at that ways China seeme on the verge of time controlled 95 per cent, of the peace and will surely within a vers world's supply it was not thought few yours adopt a gold coinnge, but wins to vinke a gift to Russia of all, the International Bank has inter the products of the world, for the catod cliants in all these countries luxury of having platinum coins and can with the good will of the France alightly debated her cur- although the metal was adopted ne nations who have formed the Bank, rency, but still leaves it inflated wall at an angle of about 45 de noss of which hus not yet been as an English standard for the yard give Ching a credit in the. Wert, to two and a half times our great grass, and caused a hole about 5 measure. North China had paper that would keep the whole world at est inflation. She has no unemploy-feet in lengths in the wall The five money as far back as A.D. 1280,work in intercharging products be- and it was current from Ispalan to tween China and the Westernment question and tells her debtors, occupants were hung into the
| pay up; tells her creditore, wait, Canton, but it was no value for nations for at least twenty years, ar pays them in the inflated our courtyard, but the lorry did not exchange of produce with nations This method of dealing with the outside the Khan of Tartary domi so-called silver emisia would not disrency. Both cases have their errors 80 down. pions. In the same way the part turb, the harmony of any of the of discrimination but both esses show the danger to trade, or exter the British Commonwealth nations for as in the case of an ani diplomatic influence, of a
BOY- ners of the relative values in their individual an overdraft at a bank ernment trying to interfere with own coinages which are averaged for business, trade, industry, reinternational values on the advice out on the international money caroh, is not like a loan from as of interested bankers-Yourn, etc.,
hann attend bindixidual and breaks, no friend
or Motherland: thips. fraternal wishes
(Continued on hert Column.) agreements, will increase or de
Batly nosited Whether our pride was worth the sacrifice of two and half millions being placed on the ole is a matter for collection, but certainly it points to criticism of financiers being essential,
Kowloon Doc. 8, 1030
rathor wide turn into Garden Road, Apparently he loss control of the lorry, which crashed into the low all overlooking the Albany which is about 30 feet below the roadway. The vehicle crashed against the
The unfortunate victims are Ho Waj, a male, about 30 years, of age, who fractured his skil
Chan Kan, a maio, aged 31, who recived multiple abrasions 2
Chon Bui (17), girl, abrasions and an injured back, the serious-
erined, and.
Chiang Bu (Sam), a lnd of 18, who was unhurt save for a fer bruises and slight abracions.
The Poker, and a motor am balance were ly on the scene and he victims were removed to the Government Civil hospital.. Halai passed away an hour after admission to hospital. Three of Hung Ah-izo, (34), a woman, be- the other coolies were delained in lieved to have incurred, a broken. hospital, but Chiang Sui-sun,
(Continued at foot of next column serious was discharged..