THE WAR MAI BRITAIN
REPLY TO PESSIMISTS.
thewa really reduced verty?!? saks Sir Leo the Weekly Dispatch. hase regard merely to
valuation, then the.
Is parfectly plain. The ry valuation of the mater- alth of the United Kingdom moment is much greater in it was when the war broke is at least £5,000,000,000
grøster.g
But that is a deceptive test. boosusè values have risen - and "because the aggregates of the individual possessions of British citizens take into account the National Debt which represents not materiał wealth but a lien upon the work of the nation: possessed by some of its citizens.
Is the nation, as a going con- Foern, intrinsically as good and as ¤valuable as it was when the war,
broke out 7
The answer to this question is that, taken as a whole, the nation is now a better working unit than? it was in August, 1914.
“There have been losses, as in ships and as in the deterioration of great services through lack of: labour and materials during the wat: Our railways, tramwAYS, houses, and so forth, are not in as good repair as they would have been if there had been no war. But against this has to be put the fact that during the war a very large number of engineering. chemical, and manufacturing establishments, were greatly en-) larged and a very large number of new factories were built
And it was not merely that new factories were built. New
and important industries were established, and a number of infant industries were developed into first-class economic factora. Old-industries, such as the iron and steel trade, were very greatly enlarged. Our steel capacity was increased by 50 per cent.. our by-products have even in- creased by thousands.
·CHEMICAL TRADE.
"In the chemical trade a splen- did world was accomplished. We end the war,incomparably, better fitted to compete in the chemical world than when we begsa it. Or tugn to a different branch of månufacture-to oils and max- garine When the war broke out
we Imported one half of the margarine we needed. During the war we have so greatly enlarged our oil plant that we can produce all the oil needed for, margarine, and we have so increased our margarine plant that we can make enough mar- garine to supply the whole of our home population, with a big | surplus for export.
..
“As to our engineering trades, during the war we manufactured and imported such 6. great quantity of first-class machine tools that at the present moment our engineeing plant completely eclipses that which we possessed when the war commenced.
"Can this better wealth-produc- ing instrument function in this new world of after-the war? Is our.Professor of Anatomy justified in accusing our workers of throw- | ing strain upon our exports | through high wages?·
'There are three practical
answers.
EXPORTS DOING WELL. "The first is that, in the] circumstances our exports are doing remarkably well The Board
Trade returns show that our: exports rose to lover £54,000,000 in the month of May. High prices helped to swell this figure, but when all allowance is made for that fact it is not a Little. To- markable that within six months of the end of a war which lasted for four years, and when all war) exports had stopped, our exports were worth £64,000,000 in a single month-
"The second is" that all ex- perience shows that high-wage countries and not low wage countries are the chief exporters of the world.
The third point is that the rise in wages and in the standard of living is a universal symptom throughout the world, and that it is folly to suggest that a rise in wages here will put us out of the inning when the United States paya much higher wages than we do.
The general truth about the fatur of our export, trade is that the world will shortly advance to new and much higher standards. of consumption. The trade and troduction figures of the past will mpletely: eclipsed in the nart ten years. In ald of enlarged pros- serioz economy" and
standards ther room for l
NOTICES
Look inside the lid!
*
1
Victon
If it hasn't this trademark
it isn't a Victrola
You can readily identify the Victrola by the famous Victor trademark, "His Master's Voice." It is not a Victrola without the Victor dog. This trademark is on every Victrola. It guarantees the quality and protects... you from inferior substitutes.
The word "Victrola" is also a registered trademark of the Victor Talking Machine Company. It is derived from the word "Victor" and designates the producti of the Victor Company only.
As applied to sound-reproducing instruments, "Victrola" refers only to the instruments made by the Victor Company-the choice of the world's greatest artists.
Look inside the lid-insist upon sing the famous Victor trademarks. On the portable styles, which have no lid, the Victor trademark appears on the side of the cabinet.
S. MOU TRIE & CO., LTD.
Exclusive Agents.
DON'T
rick the consequences through.
NECLECT
in failing to procure glasses to prevent the strain on
YOUR EYES
It fit you with just the glauce you need without delaying A DAY LONGER.
OPHTHALMIC OPTICIAN
N. LAZARUS
28, Queen's Road, Central.
Invalids Enjoy
Benger's Food Letters from doctors and nurses continually voice the gratitude of patients for it Invalid after invalid writes to say :-"It is the one Food of which they never tire. The ease with which
BENGER
Food
is digested and absorbed, makes it most welcome to patients, and it ranks highest among nutritive foods.
SATURDAY
Prepaid Advertisements.
ONE CENT PER WORD FOR EACH INSERTION. 4dwart memuate not Proosid that be shared at the rude of two cents per word
ALET E OL
TO BE LET.
10 BE LET-Half Space of TO BE LET-On Cheung Store. May be used for office. Chau Island from November Moderate- rent. Far-tarios
&c.
or December next for 9 or 12 Apply Box 244 ·c/o
Hong-
months a fully furnished bunga- kong Telegraph.”
low containing 4 good bedrooms. 2 smaller ones, 4 bathrooms, sit ting room, Dining room, pantry and 2 smaller offices: Kitchen and outhouses. Suitable for two
FOR SALE.
NOTI
"VIYELLA"
THE IDEAL, UNSHRINKABLE,
MATERIAL
FOR SLEEPING GARMENTS
FOR
FOR SALE-Indian Motor small families if desired Ex MEN, WOMEN, & CHILDREN, Cycle & Sidecar complete cellent situation for children.
with hood etc. 1917 Electric
Moderate rent to suitable tenant
Power Plus Model. Apply Bar Apply Box 243 c/o "Hongkong
Telegraph.”. 240 c/o Hongkong Telegraph.”
THE HING WAH PASTE MANUFACTURING CO., LTD. Head Office: Nos. 47 & 48 Connaught Road Central, Hongkong, Tel. No. 1239 & 2230.
TRADE MARK
We have now a large stock of freak and gauperior Macaroni, Phat Bram Egg-noodler. Vermicelli and all kinds of Boup staff, all produced from Flour of Bent Quality, sokat very renacumbki prices.
Large quantitios have been exported to various Important cities in the Work
Terma moderate, especially for Agencies, Ordars executed promptly.
Impection, and Baquiries are ourdially solicited.
ADBURY'S
CA
HOCOLATES
COLONIAL DISPENSARY
14, Queen's Road Central
Telephone No. 1877.
UNIVERSAL IMPORT & EXPORT CO..
GENERAL COMMISSION AGENTS.
行
洋 森
(Hotel Mansions, Top Floor)
P. O. BOX 48.
Telegraph AdŠKODE.
UNIMPICOT-HONGKONG."
-MONTBEAT-PAXIS, FRANCE."
VIBOTY TYPEWRITER
Ideal for travellers, & machine that you can always, have in your pocket. Given away at $18.00 and $15.00 each. Now exhibited at "The Victoria Printing Prom"
-Distributed by U. LE Co.
Coles Used :—A, B. 0. 5th Edition, A. Z. French Edition.
HONGKONG TAILORING CO.
LADIES AND GENTS TAILORING DRAPERS, ,, &c.,
No. Ic. D'Agullar Street, Central,
.HONGKONG.
TEL. 2880.
JAMES STEER.
9, ICE HOUSE STREET. WATCHMAKER AND JEWELLER.
CHRON OMETERS, CLOOKS, WATCHES AND NAUTICAL INSTRUMENTS REPAIRED UNDER MY.
PERSONAL SUPERVISION.
TEL. 2877;
c.
Benger's form with milk a dainty cream, which is absorbed with little digestive effort.
* Azor a JovernaDOS KEDAŽDIN AE, fonde sith at home, and bi Talla, 3 mseider -- ** Dance's Food invogurušky angorier te acy i have avar paunched."
Bengve's Prod, he sold i
time by Chemists, ata,, meargubaru,
Pull portionines and directions with sech tia. Sole Proprietor and Macufaturverz BENGER'S FOOD LTD.,
MANCHESTER England-
BRANCH OFFICES: KEFYORK (VHA) go, Bank tota SOM SYDRAT KEW) 127, Pa Styret.
M. Y. SAN & Co., Ltd.
Manufacturers of Bee Brand "
Biscuits & Candies.
HEAD OFFICE Nos. 2 100 Queen's Road, Central, Hongkon FACTORY-Nos. 141-145 Wanchai Roml; Hongkongs
ngapore, Shanghai
TEL. 2877.
CHEVROLET
LOWEST PRICED ELECTRICALLY EQUIPPED CAR IN THE WORLD.
SOLE AGENTS.-
W. R. LOXLEY & CO.
i
PLAIN CREAM TROPICAL WEIGHT FANCY STRIPES
$ 1.50 YARD
$1.50
PLAIN CREAM T.T.
$1.75
T. T. T.
$2,00
STOCKED IN READY TO WEAR GARMENTS
OR MADE TO MEASURE:
LANE, CRAWFORD co.
MINERAL WATER.
SPARKLING
Pyeris
(REGISTERED).
AN EXACT REPRODUCTION OF A WELL-KNOWN SPA AT HALF THE PRICE. BLENDS PERFECTLY WITH SPIRITS, ESPECIALLY WHISKY.
A. S. WATSON & CO., LTD.
ÆRATED WATER MANUFACTURERS. TELEPHONE 436,
WHO SAID SOAP?
We have just received an unexpected supply of Brownley's "Bathadomes" Bath Soap and Cosmos" Toilet Soap. As the supply is in excess of our usual quantity we are offering the excess at Special Rates for
A FEW DAYS ONLY.
BATHADOMES in the following perfumes.
Verbena Lavender
Carnation
June Geranium Rose of York Indian Sandal
Price 32¢ Cake $3.75 Doz.
COSMOS TOILET SOAP in the following perfumes.
Verbena.
Cologne
Lavender
Santal
June Roses
Violet
Price 15c Cake $1.75 Doz
Remember ! Only a limited Quantify availa
WHITEAWAY, LAIDLAW & CO
Des
LIMITED