WEAR
SALE
The word "Sale" is one that we have never abused. When we announce a "Sale" we stake the entire reputation, of the firm on the full implication of the word-namely, a genuine opportunity to buy our regular stocks at prices much below normal. We invite you to test the truth of our claims, by inspecting ⚫our windows.
TO-DAY
ONLY
Friday, January 30th.
In the brevity of our Sales lies the proof of their worth.
Mackintosh's
RONEO
STEEL STORAGE CUPBOARDS
AN INEXPENSIVE CUPBOARD USEFUL FOR ALL PURPOSES
SOLE AGENTS:
DODWELL & CO.
WHITEAWAYS
SALE
FINAL WEEK
COMMENCES ON
MONDAY, FEB. 2nd
FINAL REDUCTIONS
TO CLEAR
"ALL EXCESS STOCK
ODDMENTS AND
REMEMBERT
REMNANTS.
SALE ULOSES POSITIVELY SAT, FEB. 7TH.
HONG KONG DAILY PRESS, FRIDAY, JANUARY 30
EXCHANGE DEBACLE.
BUDGET DEFICIT MAY EXCEED FIVE AND A HALF MILLION DOLLARS.
GOVERNOR APPEALS TO CIVIL SERVANTS FOR SPIRIT OF LOYALTY: SALARIES CUT IMPERATIVE.
1931,
A Chronic Optimist."
I would add that this herious position has been reached in spite of a ruthless pruning of the Estimates and the postponement of many desirable works. Investiga tion is being made as to whether further economies or postponements cán be made. I am a chronic optimist, and still trust that the
dollar may make some recovery, but
there are many who take an ope posite view..
I should like to say that, as Honourable Members are aware, the report of the Currency. Com-
POSITION TO BE REVIEWED FROM TIME mission was sent home some months
TO TIME BY GOVERNMENT.
That the financial position of the Colony was very serious in- deed was indicated in a speech made by H.E, the Governor at a meeting of the Legislative Council held yesterday. His Ex- celleney pointed out that if the dollar were to average 1 for the current year a sum of 23,388,601 would have to be added to the expenditure figures, Coupled with the deficit actually shown in the Budget, the figure would come to 88,087,957, which was perilously near the Colony's present surplus. Were the dollar to average 1d.' further 14 millions would be required.
Touching upon the new method of conversion of sterling salaries into Hong Kong dollars, the Colonial Secretary said that the question would be reviewed by the Government from time to time. In connection with this matter, Sir William Peel -voiced tho hope, that civil servants would accept the position in a true spirit of loyalty and would realise that the stop was absolutely impera tivo.
UNOFFICIALS THANK GOVERNMENT.
Those present were :---
H.E. the Governor, Sir William
Peel, K.C.M.G., K.B.E. The
Officer Commanding the Troops, Colonel R. Couschs.
E
Hon. Mr. C. G. Alabaster, K.C.,
O.B.E. (Attorney-General). Hon. Mr. A. E. Wood (Secretary
for Chinese Affairs), Hon. Mr. C. McL. Messer, O.B.E.
(Colonial Treasurer).. Hon. Mr. H. T. Creasy, C.B.E.
(Director of Public Works)! Hon. Mr. E. D. C. Wolfe, C.M.G. (Inspector-General of Police). Hon. Comdr. G. F. Hole, R.N.
retired (Harbour Master). Hon. Dr. A. R. Wellington (Director of Medical and Sanitary Services),
Hon. Sir Shou-son Chow, Kt. Hen, Mr. R. II. Kotowall, C.M.G.,
LL.D.
Hon, Mr. J. P. Braga, Hon. Mr. S. W. Tao, O.B.E.,
LL.D.
Hon. Mr. O. . S. Mackie.) Mr. N. L. Smith (Deputy Clerk
of Councils).
His Exaalloncy Congratulated, At the outset, Sir Shou-son Chow, on behalf of the unofficials and members of the various communi- ties in Hong Kong, congratulated His Excellency on the honour con- ferred on him by His Majesty the King recently. He said:
"Sir,-At this first meeting of the Legislative Council since the Now Year honours were announced, may I on behalf of my unofficial colleagues, tender our hearty con- gratulations to Your Excellener apon the lurther honour which His Majesty the King has conferred on FOLL may add that this honour has given great satisfaction to all sections of the community in whose aame we, the unofficial members, also offer respectful congratula tions."(Applause.)
to approve. The Secretary of State has cabled his approval and bas added the proviso that in view
ago, and is being considered by the experts. I trust that we may have some information from them before long.
The question, however, is extra- ordinarily difficult, and it must be remembered that Hong Kong is only a small part of a largo fabric which is seriously affected by the price, of silver, and that, so far ng we can see, it would be impos sible for Hong Kong to attempt to take action independently of the rest of the fabric. Meanwhile we. can only be patient and hopo for improved conditions throughout the world in general.
MESSRS. MILLINGTON'S ART DIRECTOR.
MR. A. E. STEED TAKES OVER WORK IN HONG KONG.
Mr. A. E. Stood who has recently arrived from Shanghai, whore ho was the Studio Manager of. Mosers. Millington, Limited Main Adver tising Studios has been appointed Art Director of Millington, Limit-
of the uncertainty of the dollar ex-ed, Hong Kong Branch, as from change it should be made clear that to-day by the Managing Director, the Government will review the who is at present visiting the question from time to time, and it Celony, will be noticed that this point is embodied in the resolution.”
Governor. Thanked.
Hon. Mr. Gordon Markie: The únofficial members of this Council are greatly indebted to Your Excel. lency for bringing about the módi fication of the resolution passed on June 19 last. They appreciate the very fair attitude you have adopt ed in connection with this matter. Provided the modification is adher- ed to, I do nat anticipate there will be any further public contro- versy on the subject..
The basis on which salaries are to be paid under the new arrange with the exchange compensation ment compares very favourably
granted by most of the commercial members of the Civil Service may houses hero Possibly some of the
feel that they have a grievance as they will be in a somewhat worse position than they would have been had the original resolution remain. ed in force. I feel certain, how- ever, they will accept the decision of the Colonial Office in the right spirit, for all must realise that sacrifices are absolutely essential during the present world wide de- pression.
GOVERNOR'S SPEECH.
H.E. the Governor: I thank tho Honourable Member for his words of. appreciation. I feel that the step had to be takon, but I regret very much that circumstances have rendered it necessary. I am sure that it will be appreciated that the proposal entails a measure of disappointment to many members of the Government service, and that Replying, H.E. the Goverior said: there will be cases in which some Gentlemen, I thank you most hardship will be caused. It can sincerely for the kind congratula-hardly be denied, however, that the tions conveyed to me through my payment of salaries at the current honourable friend who has just rate of exchange, with the dollar spoken, While appreciating the as low as it is to-day, would have personal compliments which His placed them in a more favourable Majesty tho King has been pleased position than was anticipated, or to confer on me I feel it is in could reasonably be expected by Iarge mensure an honour eonferred them. on the Colony of which I have the There is also no doubt that, if privilege to be Governor. If it is it had been foreseen that the & recognition of any services I have dollar would go as low as it has rendered. I realise that such sar done, the Salaries Commission vloe is only possible through the would have modified very consider. help and advice of honourable ably their recommendations. I sin members here and other members cerely trust, therefore, that Gov- of the community."
ernment servants will accept the position in a true spirit of loyalty, and will realise that the financial position has rendered this slep ab. solutely imperative
STERLING SALARIES.
The Colonial Secretary then moved:
Berlous Position,
That this Council approves the modification of its resolution of the The financial position, unless the 10th June, 1930, on the Salarice dollar rises appreciably, is very Commission Report (eut out on serious indeed. It is calculatou page de of the Hong Kong Hiased that the sterling commitments, in for 1930) by the addition thereto the approved Budget for this year, of the following proviso:
amount to: 2677,773. Thie; for the "Provided that, as from the lat purposes of the Budget, was con January, 1031, and until the ques-verted as the rate of 1/4 to the. tion of the exchango rate of steri dollár If the dollar wer to ing salaries paid to Government average 17, for the current gent, servants while serving in the Colony a sum of $3,388.881 would have to is next reviewed and until such be added to the expenditure figure. rate is altered with the approval This with the deficit actually of this Council, this Council ap-shown in the approved Budget, |proves that such salaries be paid which amounted to $2,295,000, as to half thereof at the rate of would, in spite of increased taxa- 1/0 to the dollar and as to the tian, make a total deficiency of other half at the prevailing Hong 85,087,057 um perilously near Kong Treasury rate."
our présent surplus: Will the In moving the above resolution, dollar at 11d, the deficit would fur the Colonial Secretary said:" ther be increased by approximately "The resolution now to be put to 1 millions. By the adoption of the the Council implements the pro-half rate of payment proposed by nice grada bl. Belles-cs/the-escalation Abin alternoon, it will the 20th of Otcober, 1930, when be possible to reduce the deficit of subject to the approval of the $5,087,087 by over, & mihon, Secretary of State, He engaged to cannot give the exact figure, as it decopt. the suggestion of the Hen, denonds partly on the nubiber, of Mr. Paul Lauder, in connection officers on leave, who will of course with the exchange rate for sterling draw their netual sterling salatite salaries, which you are now asked in England.
Mr. Steed only recently arrived in Shanghai from London, where he was engaged in organizing ad- vertising campaigns and designing publicity. matter for leading
advertisers in national
Great Britain,
Mr. Stood's ability as a Poster Artist in London brought him in contact with some of the largest agencies in that city and he is undoubtedly a great acquisition to the Hong Kong Branch of the firm. He will have charge of the design. ing of the displays in the Peak Trams and Statione.
Mr. Steed's qualifications were Shanghai and he was won appoint- recognised upon his 'aïrival in
ed Studio Manager.
KAIPING HOUSEHOLD COAL
Owing to a shortage of supplies our prices until. farther notice will be as follows
IN LOTS OF NOT LESS THAN † TON
Delivered to Peak District (above
Bowen Road).....
Delivered to Bowen Road and
·lower Iovolske Dolivored to Pokfulum Road Delivered to Kowloon
$24.00 per ton
..$22.00 per ton ...$24.00 per ton
....$20.00 per ton
The increases are purely temporary and will cease to operate as soon as supplies are again available.
THE KAILAN MINING ADMINISTRATION
DODWELL & CO., LTD., Agents, Hong Kong,
Agfa
Movex
16 m/m Daylight-Loading
Magazines of 40 feet
Movector
The ideal Home-Movie-Outfit
For particulars and demonstration apply.
to your dealer or to
DEFAG
DEUTSCHE FARBEN-HANDELSGESELLSCHAFT
Prince's Building, Traibel & Co.
Chater Road.
VOTING FOR THE
GESTETNER GOLDEN ELECTRIC DUPLICATOR
CLOSES on FEBRUARY 4th, 1931.
GET YOUR VOTING PAPER FROM
Messrs. Lane, Crawford, Ltd.; D. Gestetner (Eastern), Ltd. (5, New Bank Buildings),
The Sincere Co., Ltd.,
or from the offices of the "Hong Kong Daily Press.".
The result will be announced
in the "Hong Kong Dally Press" on Monday, February 9th, 1931.
A. Gestetner
Limited.:
· BRANCHES THROUGHOUT THE WORLD.
Hong Kong Office:
Phone 25858.
See this wonderful
GESTETNER GOLDEN
· ANNIVERSARY: GREAT HOSPITAL BALLOT To celebrate adequately the Golden Anniversary of the foundation of the House of Gestetner, we are presenting to one hospital in each of the Two Hundred and Ten districts where.. Gestetner Branches are established a
Gestetner
'GESTETNER GOLDEN-ELECTRIC
DUPLICATOR
Duplicating Machine
which will be given free to the hospital securing the greate
number of votes.
The Sincere
Ltd.
have kindly lent a window for this display.