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HONG KONG DAILY PRESS, MONDAY, APRIL 27, 1931.
CORRESPONDENCE.
|:-- [All letters intended for publi- cation must be accompanied by the name and address of the writer, not for publication, unless so desired, but as evidence of good faith.-ED.]
STABILISATION.
[TO THE EDITOR OF THE, HONG KONG
DAILY. PIENS."]
CHINESE LAUNDRY
STRIKE FAILS..
SAN FRANCISCO SAVED FROM PROSPECT OF DIRTY LINEN.
San Francisco, Cal., April 17.- Hundreds of Chinese laundrymen returned to their jobs in San Francisco to-day, virtually ending su unsuccessful strike which for a timonensed San Francisco to faco the prospect of considerable un-
washed lined.
All but 50 of the striking Chinese
SIR, "Anti-Three-Piccec Rick. shaw" is patiently waiting for somo taipan or his satellites to come forward with a convincing argument" against our becoming stabilised on gold while China re-laundry artists returned to work mains on silver. In the first place, when their employers delivered an why should they! They can put their arguments before the Currency ultimatum to the offect that if they Commission, from whom they can persisted in their strike and their bo sure of a patient hearing demands for higher wages and loss whereas if they write anything to the papers they receive in return work they would never again find little clac than abuse and the taunt employment in San Francisco, that they are interested parties. Letters written in the strain of your correspondent's are hardly encouraging to anyone to come for ward and give the explanations de- sired,
Sometime ago I took the trouble to set forth the arguments against independent netion, in your morn- ing contemporary, and subsequently answered all the correspondence that arose from it, using the clearest possible language, and not shirking any point that was raised. In my final letter I dealt exhaus tively with the queries and argu ments of all my opponents," and not one of them replied,
|
Fifty of the laundrymon are still un strike. It is expected that the employers will refuse to give them work in the future....
JAPANESE MURDERERS
SENTENCED.
J:
Tokyo, April 20.-Kunio Gomi and Toota Tanaka, who have been vader court trial for a long time on the charge of murdering three men at Ookayama, a suburb of the city,, woven years ago and another three men at Senju, three years ago, were sentenced to death by the Tokyo District Court this morning.
STABILISATION.
AN APOLOGY TO MR. HO IV.
1
Mine was a genuine effort to ex- plain many of the factors and prob- lems about which the man-in-the street, admits he knows very little, and as a matter of fact I received thanks from several people who described the letters as the first attempt to put these argumenta bè- fore the public. It has seemed since that the time spent on writ- ing them was wasted, and the neers which the correspondence brought forth and the frothy ful- minations which took the place of argument, were convincing proof
In the Correspondenco Columns that the newspapers were scarcely the best medium for the thrash.published, in our issue of April 24th there, appeared a letter over the ing-out of economic problems.
initials "LS.C." under the head- ing commenced with these words:
"Stabilisation." The letter "There is a struggle going on in this Colony at the present moment be tween legitimate business nen and speculatora. It is a struggle of life and death, of right and wrong, of business and gambling. The letter contained anggestions that argu- ments put forward against stabili The last paragraph of that letter sation were made by speculators
began with those words: “A cer- tain compradore who has made. much ill-gotten gain from exchange gambling is now giving all the
stabilisation...
If, therefore, I return just this once to the forum in answer to "Anti T.P.R," it is not with the object of entering on another con troversy (this is my solo contribu- tion), but because the point meŋ- tioned by him has often been brought up by others and perhaps no attempt hus so far been made to explain it to the public. He points out that as there is already a difference between Kwangtung currency and our own of some thing like. 30 per cent., would not affect us if it were 130. per cent or 180 per cent, (with Hong Kong on gold). Now this is where the difference lies. At pre-publicity, he can to fight against
let us fight this! sent the exchange between gold and silver takes place in Hong Kong, compradore and his gang with our and the exchange between Hong mightiest instrument-our pens!"
Mr. Ho Iu, Compradore of the Kong dollars and Kwangtung cur- rency is fixed in Canton. If wo Hong Kong Mercantile Bank, dur went on to a gold basis, this fixinging the last few days, has express of exchange between the Kwanged his views in the Chinese Press tung ourrency and our own would against stabilization, and still take place in Canton. It views were given much prominence should not be very difficult to see in the Chinese Press. We are now that transaction would be the all- satisfied that many firma were an important "exchange between gold fortunately led to the inference that and silver. Where, then, would the the compradore mentioned above main exchange market be? Ob referred to Mr. Ho Iu. viously it would be transferred 'to Canton; Banka would have to open larger offices or form fresh branches thero if they did not already possess them. The Banks, who are usually described na interested partics," would get the business just the same, but they would get it in Canlon, and the sufferer would bo this Colony: they are unanimous as to this being the effect of our geing gold hero independently of China
these
We emphatically etate that no reference to this gentleman was ever intended by us, and we deeply regret that any inferees to the contrary could have been drawn. from anything. published in our columns. In eo far as anything: published in that letter leads to the inference that Mr. Ho la had ever gambled in exchange or that any views he expressed as a public man were in anyway whatever influenced by personal considerations were ab With the enormous expansion of solutely unfounded in fact, and we the exchange and money market in hereby unreservedly and unqualified- Canton, it follows that the mer-
ly withdraw each and every one of We chants there would have a great such unfouiled allegations. advantage over those in Hong hereby further tender to Mr. Ho Tu Kong, for they would, find it much our sincere apologies and regrets easier to transact business on the for having published a letter from. spot with countries like England, which such unfounded inferences America and Japan than they do could or might have been drawn. at present. Not.. ouly, should we lose our position as the financial centre of the South, but-except-in, so far as our merchants were pre- pared to carry heavy spot stocks. and sell them as demand appearod- our import and export trado would. receive a very severe eet-back from. the increased competition at Can-
ton.
There are many reasons why such an influential section of the busi nesa community here opposta any tampering with our currency and this is but one of them. There has been a great deal of, rhetoric and
mob_oratory" on the part of thesandvocating stabilisation at any price, but it is up to these theoristei to prove this reason is unsound. Yours, etc,
ONE OF THE PUBLIC. Hong Kong, April 25, 1931:
THE SCHNEIDER TROPHY.
· ROLLS-ROYCE – GAIN BUILD......
·ING ENGINES.
**London, April 17=It was stated. at the annual meeting today, of Messrs. Bolls Royce that, the com pany will again, build' engines for Schneider the defence of the Trophy.
Tai Mo Shan Handicap "0"
FOURTH EXTRA"
RACE MEETING. ·
WEIGHTS FOR SATURDAY'S RACING.
The following weights have been allotted by the handicapper for next | Saturday's racing:-
Mount Parker Handicap "A"
Zorhan
Clans.
KAIPING COAL
HOME, FACTORY
Iba,
AND
Wonderful Stag Wisdom Stagg Vasylock
152
150
BUNKERS
153
101
301
150
.145
102
133
140
......... 140 130
Gay Crusader Boxing Eve 'Gold Koy Jill.......
Christmas Chimes Royal Flush
Pride of Tsingtao Roo Inn
Mount Parker Handicap "B"
1,
Pickle
African Evo Valorous Piconlilli
San Francisco........ Sanction .... Young Protender
Nippy
Good Day..................
FOR ALL PURPOSES
POWER HOUSE,
TUGS &
LOCOS
THE KAILAN MINING ADMINISTRATION,
Head Office —TIENTSIR.
DODWELL & CO., LTD.. Agents, Hong Kong."
Security
at 20 Cents Per
Cubic Foot
Per Month,
Claz.
Jbe.
133
Crown Prince
137
Bros
133
Imporial Hall
133
Victory Hall
161
Poppercorn
133
Whizome Stag
138
COLD STORAGE
Lobster Bay
330
101
142
133
169
143
......... 133
Monterey Bay
133
Carnival Eve
140
The Gomeril
133
The Grouse ........................
133
O-Moon
Majestic Hall
Ne
13)
130
140
Chera
149
The Tiger
161
King's Counsel
133.
Mount Parker Handicap "Ɑ"
Class.
lbs,
Fi-Fa
140
Northern Prince
1611
133
FURS ARE A LUXURY
Happy Return8 Bronze Eyes Mount Elburz Wisd Stag Mindoro
133
140
133
157
1-15
150
141
Mascot
133
Tây
153
As You Like It
133
Tango
137
Happy Day
For Further
133
Country Club..............
1:33
Loveret
358
Monk.....
133
Particulars
One Third
130
The Quail
140
Morning Star
130
Sonny Bay
140
Tunney
155
Pacemaker
144
150
133
Jadestone
133
Thunderous Stag
143
133
City Hnil
136
161
Mongolian Stag
348
Christmas Balle
157
147
3.33
133
130
133
Misamis Orlando
Fritillery Silver Key
Blue Boy
Fifty Fifty
Armony Cream Cracker Pagoda
Brunswick Hall Tigre
Mount Parker Handicap "D"
White Stars
Groombridge Movangber
Dunce
333
Class,
lbs.
Twilight Silver Flare Noakhail.......
138
133
101
Choctow 11. Heretofore. Arctic Eve Sans Souci
Happy Choice Sultry Evo Agalo
138
133
133
144
133
133
133
Flornottam
Fanling Stag
140
Redskins
100
140
153
336
Summer Hall
133
R. T. BARRETT,
140
EDITOR, Printer and Publisher.
Tai Họ Khan Handicap "A"
Olass.
ibm.
Vasylock
-148
Wisdom Stag meni 140
Wonderful Stag
145
CIAOM
Ibs.
Gay Crusader
354
Fi-Fa
140
Boxing Eve.
140
133
Gleneagles
161
Happy Returns
133
Gold Key
138
Awaken. Lian
123
Christmas Chimes
133
Bronze Eyes
140
Royal Flush
133
133
151
Pride of Tsingtao 133 Rooslan
133
145.
100
145
Olass,
Orlando... Tay
141
133
Pickle
Tango
137
Crown Prince
137
Happy Day Loveret
123
Eros
133
-158
Imperial Hall
101
One Third The Pheasant
139
Lobster Bay
138
140.
Daylight Eve
155
Morning Star Tunney
130
Paccililli
133
185
Monterey Bay
133
Scrappit
183
Carnival Eve
140
156
The Gomeril
133
1420
133
133
748
130
133
Morgonlian Stag
148
∙140
Christmas Belle Pagoda
157
133
Miko Chara
101
Britannic Hall. .......... 181 Tigro
-The Tiger
133
Good Day
Mount Elburz
Wise Singuru Mindoro.................... Misamis Empress Hall
Fritillery Edenbridge Blue Bar City Hall
Tiny Tiny
CARE FOR THEM
OVER THE SUMMER
Apply
The Dairy Farm, Ice & Cold Storage Co., Ltd.
The Grouse
Paul, Pry'
O-Moonr →→Majestic-End!-
Nippy
4 149.
(Continued"on-previous “column:)
"NOW
IS THE TIME TO INVEST
IN SOUND ADVERTISING,
When new accounts are slow in maturing and business seems dull, pro- fits can be built-up-to- normal level by investing
in a carefully planned advertising campaign.
Let The
Directory and Chronicle
of the Far East
be your sales builder, Write e to us for sugges
tions of advertising schemes and rate cards,
Published by
Tez: HONGKONG DAILY PRESS, LTD, 11, Ice Houm 'Street,
Tal "Mo"ShanTMHandicapTM"B":
Ibs