Page
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THE MERCURY GARAGE CO.
GOOD CARS
FOR
PROMPT SERVICE
REASONABLE CHARGES,
CAREFUL DRIVERS.
TELEPHONE: 977.
CURRENT COIN.
HARBOUR SWIM.
(BY MERCATOR")
THE HONGKONG
BANOVE INDUSTRIELLE
DE CHINE
A FRENCH BANK)
Capital Paid-Up and Surplus Frs. 105,000,000,00
DAIRY FARM
TELEGRAPH.
TUESDAY, OCTOBER 5. 1920.
NEWS.
J
SAUSAGES
The organisation of the Bank onables it open CURRENT AC- COUNTS, SAVING ACCOUNTS and fixed DEPOSIT ACCILSTS in LOCAL CURREND? and
ANY FOREIGN CURRENCY.
These accounts may be can- verted
AT ANY TIME WITHOUT ANY, CHARGE
in
ANY OTHER CURRENCY.
Pork Sausages
Beef
Liver
Bologna.. Brawn
警茸
Trade in the Colony is still |
A BIG ENTRY.
Apply for terms and particulars HONGKONG BRANCH
Additional entries for the Har-. staguan. If the Kwangsi people, bour Swim, which takes place in Canton agree to leave the to-morrow evening, have brought Province, it is likely that better the number of intending com- Queen's Building, 5, Chater Road. prospects will be in sight. There petitors up to over forty, of whom is at present a congestion aio fewer than eleven are ladies. eargo in Hongkong that should We understand that in order to have been moved into the interior give the female competitors more and Yunnan, at least a month confidence, they will be given a ago. This is especially so in the start of some twenty minutes cass of piece-goods that BB over the gentlemen. There is seasonable. The Chinese mer-considerable speculation as to chants are rather hopeful these the likely winner, and it is cer last few days, and they expect a tain that keen rivalry will be revival in business before the displayed between Johnstone and Chinese New Year. Stocks of Logan, both previous winners, metals are not wary heavy, and whilst Lyons and Laing are also rany dealers anticipate a de-fancied in some quarters. mand from Java and other
neighbouring countries sooner or Launches and boats accompany- Mark busts will line the course, later. The restrictions now iming competitors, must keep on the posed by the bansers are neces outside sary and desirable. The only The pity of it is that they were imposed rather abruptly at the beginning. Commercial tries are inter-dependent upon each other, hence a set-back in one country affects the other.
Coug-
of these mark boats. Secretary's Isunch will leave Murray Pier A: 5 P.D. sharp with competitors. A special Launch will be re- served for spectators and their friends leaving about the same, time.
All launches accompanying the race oust keep in rear of the Judge's. Umpire's and Secretary's Isunches, unless those lining the
course.
The following is the complete list of entries.--
In Hongkong the banks ate exercising extreme caution. In some cases they have been over- cantions and business has been practically paralysed. It is not really that the action of the local Banks that has paralysed trade, but the combined action of the bankers all over the world. This drastic artion may hasten W malters so that the worst may IR.
Men.-G. T. May. E. P. Souza, Word 8.1 1.. J. B. Johnstone, A. M.602. &. E. Rozaver, E. Kasia . E. Simmobe.
1. Frost. 1. 1. Frost. come earlier, and then pass awaw. Sewell. W. Mcleod. 17. A. J. Kauneb. H. W. Kalb, G. giving place to more normal and.Carvalho, W. G. Bamsey, Leung therefore, better times. It may kill more business concerns, but Shiu Tak. D. Laing. Tr. Ansell, OF. the end may justify the means. Kea, Gr. Court F. Wheeler, When prices of commodities Shek Wing Kwas. Leung Shuif bad soared to their highest Mao, Yeung Fog Kwai. Ho Pak altitude and when practicallying, Yup Kra Ying, Sung lu Tak. the whole world was buying J. V. Ramsey, S. A. Marcol. F. recklessly the position was not Logan, D. Lyön. Pt. Le Hurey. so real, inasmuch as the demand was not altogether genuine, but artificial. Now the position has been reversed, and business is practically dead. There is somo real demand for commodities, Tullas.
especially manufactured articles.
+
all over the world. namely, in
piece goods and certain kinds of
Ladies. Mrs Richmond. Misses B. Jenning 3. Wheeler. Vivian Young. Roby Young, A. Dobinson. Enid Cornell, D. May. M. Ramsey, D. Witchell and A.
4
Made daily
TO-DAY'S SPECIALITY
Frankfurter Sausage
THE DAIRY FARM, ICE & COLD STORAGE
COMPANY, LIMITED.
NOTICES.
T. SHAW
TEL. 692
WALKING CANES
LONDON MADE
BY
HOWELL'S
PARTRIDGE CANES.
MALACCA
NILGHIRI
BAMBOO
h
ALSO IN
ASH. CHERRY, VINE BOX. ETC.
NEW STOCK JUST RECEIVED. SPECIALIST IN MESS WEAR NEXT DOOR HONGKONG HOTEL
Powell
Wm
TELEPHONE 346
TRAVELLING REQUISITES
OF EVERY DESCRIPTION.
COMPRESSED FIBRE TRUNKS
4
ATTACHE CASES
DOORS
DOORS
metal products, but unfortunately terday will only buy five today. sd other services to a large soon are considered good.
scared.
result
In 1914.
CABIN TRUNKS
SQUARE BAGS
BONNET BOXES
VISITING CASES
DRESS CASES
SUIT CASES.
ALL WOOL RUGS, ETC. ETC."
GENTS' COMPLETE OUTFITTERS.
THE
COMPACTO-PHONE
A PORTABLE
GRAMOPHONE.
Just what you require for
•LAUNCH PARTIES GARDEN PARTIES
•CAMPING OUT ELC.
Lid bolds 12 records.
Price $36.00
THE ANDERSON MUSIC CO., LTD.
16. Des Tax Road,
of
It 328ms to be all
This of gold. But are we? the peadolum has swung to the The purchasing power of gold has extent, and how the cleaning will increase the Indian demand hafore the War broke out, the other extreme that is. from the depreciated. High wages bring spread to Belgium, Holland and influence the silver market invisible holding of £97,891.455 in and milling of rice gradually for silver, which is beginning to British Empire could boast of a peak of optimism to the valley about mach the sama of pessimism, and merchants are When a person receives a substan history. A few years ago when which was such an important this holding bad increased to
Germany. ara holding of. It therefore behoves tial increase, what does be really the British rice industry was feature a few months ago, has not the quite respectable sum
matters of London. Continental selling.gold, but at the end of last year the Banks to regulate their action do? Why, he raises his standard thriving. British milled rice was been so much in evidence of late,222,613,174. As it is only by so as to restore some sort of of living, indulges in luxuries sent to every part of the European owing possibly to the uncertainty gold confidence, by encouraging be could not afford before, spends continent, and some portion of as to the Earopean political balances of trade can be met- legitimate trade. Merchants are more freely, and sees life on a
payments that adverse sisting tight as though they are larger scale than he did before established, but other important price paid forgold, Messrs. Samuel belligerents during the war were this trade could doubtless be again situation. Discussing the high sad the trade balances of the the fates had been so kind to rice consuming countries, which Montagu and Co. is one of their very much adverse, sara baly in him. But the result of these in the past were supplied by the recent reports state: actions is to put up prices by United Kingdom but of recent price now being paid for gold fattempt has been mate by ali The high the case of the United States-17 increasing the demand for sap- We bave heard quite a deal in plies of sorts. But when the years have purchased from Con-in the Indian bazara is worthy countries to board as much gold Hongkong of late of the bigh cost increase in wages is not confined inental millers, that trade could of notice in view of the announce as possible, and the United States of living, and of the more or less to one person but is given to Government of India could but will be passed in September to largest board of gold of any general rise in wages to meet it whole nations, can one wonder see how clearly it is to their ad- make the sovereign legal tender nation. We are told of the utter be completely regained if the ment that an Order-in-Council has won the race. She holds the These facts call to mind a couple that prices are high? of powers pat forward by an
Large increases in wages do not tend vantage to re-arrange American expert, who, however, to lower prices, but decidedly to export duty already imposed fifteen as heretofore. The present Indian who board the precious the for only ten rupees instead of wickedness of the Chinese and was too timid to answer them inflate them. When that comes. on rice from Burma and market quotation of Rs. 22-8 perinatal. positively. Is high cost of living, about, wages have to be increased other parts of India in favour of fine tolax of gold represents a right when nations do it and he asked, the result of high wages, once more, and so on ad infinitum. British Empire. To give British the future currency value of the of gold against users generally.
mills established or are high wages the result of Where is it all to end? I hope millers & preference in this way metal, and indicates a luxury At all events, one of the results within the premium of over 41 per cent. above thus help to force up the price the high cost of living? A man not in the national Bankruptcy of, say. £1 per ton, would enable demand of exceptional Vitality has been that sovereigns have saves to-day in order that he may Court. enjoy the benef: to-morrow. Is
the rice milling industry to be Meanwhile the sovereign is in the been selling in India at the to-morrow's benefit the cause of
re-established in the United remarkable position of possessing equivalent of about 369. or more to-day's action? Is the inflation
Kingdom. An impost of a £1 per no legal tender for fifteen rupees. each, the profit of 18s. being very of currency the result of high The feeling in regard to both ton means less than half of one The keen demand on the part of generously pocketed by the prices, or are bigh prices the rice industry and the rice farthing per pound on the price India for precious metals is not a smuggler of gold coins of all the result of inflation of trade in England is not so of the rice, and is thus too small bull point for the Indian exchange, sorts, currency? How many of our sanguine of late as it was a short to have any appreciable affect on
especially American young dabblers in high price time ago. It is most desirable the cost to the consumer. exchange profiteering can answer that all concerned in both these questions? There is no branches should take measures doubt that one of the main causes to devise a practical scheme to of high prices is inflated currency. secure a permanent basis for the Too much money in general cir-important British interests in- culation mexos that too great a volved. The decay of the rice was forecasted that the monsoon demand springs up for the limited milling industry, in England is an India would supplies of daily necessities the old story. How, not so many factors. world has on offer. Up go prices years ago the industry employed Messrs. Samuel Montagu and Co., would be perhaps reasonable to note surrency, the restriction on On the authority of British Empire just now, and it public confidence in the bank- in consequence, and the dollar thousands of hands in England the world's largest bullion brokers, conclude that the explanation the import of gold into Egypt bas which purchased ten articles yes-] and indirectly engaged transport the prospects of the Indian mon- lies in he fact that we are short been withdrawn.”
nor is the recent official intima- twenty-dollar gold pieces and har tion at Karachi that it is unlikely gold. I see that the Government that the Government will see itsof Egypt has cancelled ite order way to issue say licences this prohibiting the import of gold into year for the export of wheat." the land of the Pharoahs, and they explain their action thus: "Owing to the extravagant pre- There is precious little gold into sighty per cent and which mium on gold, which amounts prove satis-circulation in any part of the
causing a reaction ia
the prospects of the Indian men
Opinions seem to be divided on soon. Not many weeks ago, it
COCKTAILS.
Triphons 1332.
CALDBECK'S MANHATTAN CALDBECK'S VERMOUTH CALDBECK'S GIN CLADBECK'S MARTINI
Sirdir Lime Juice Cordial
and
Brooke's Lemon Squash "Lemos " CALDBECK, MACCRECOR & CO., LTD.
1$ Queen's Road Central,
་ (Talophane Ev. 78ȚA
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