A GIFT THAT WILL DELIGHT.

A REALLY CHOICE PERFUME.

THE HONGKONG TELEGRAPH.

A very fine selection from

the best French, English & American Perfumers may be seen at

WATSON'S.

Acknowledgements.

Mr. Northcote begs all his friends to accept this expression of his heartfelt gratitude to them for their deep sympathy with and kindosss to bim in his sad bereavement.

The Hongkong Telegraph

HONGKONG, WEDNESDAY, DECEMBER 29, 1920.

· THE EXCHANGE PROBLEM.

NOTES & COMMENTS.

plugg

WEDNESDAY, DECEMBER 29, 1920.

|-

DAY BY DAY.

LINES FROM" LINKCUMDODDIE.

The Yaumati Tragedy.

YOU DEGRÅDE, YOUR DAILY WORK IF YOU THINK. OF IT ONLY Keep Wanting The Once again it has been our sad AS THAT WHICH EARNS YOUR Whole Wardrobe-Sottish- duty to report the death, whilst LIVING. IT 13 ADDING BOME- engaged in discharging his duty, THING TO THE COMFORT AND

A Vain People-Dead Rom- of a member of the Hongkong HAPPINESS OF OTHER PEOPLE, OR ance-Undoubtful Thomas- Police Force. Monday night's FLAE IT IS NO FIT WORK FOR AN A Trotsky Re-echo-Mand- |tragedy was reminiscent of the HONIST MAN,—0, S. Marrian, [lin Margot-Good Old Sam

well-remembered Gressan Streat!

affair and goes to prove the often Our weekly Ladies' Fashion-Sprue Specialists.

hazardous task a police officer's Page, which usually appears on is and the constant debt the com- Wednesdays, will be found in to- munity of the Colony owes to its morrow's issue. Potica Foroe. Of late there has

mora

and the unhindered entry into the

Colony that criminals enjoy cases

that We

and considered matter-of-fact.

All master masoos TO

annual rental being $32.

&Cross

a hard

have notar ovan been consider- This past week. I've read two! ed, I ventured the other day books. I know thai's nothing to to put to an audiance of my bounos about especially an L.. own fellow-countrymen-who didna" buy them. A book barrow- are just as proud of their nation-ed is as easily read as a book alityaaIrishmenars--a question, bought, bosiden - It's a good · bit and I should like to put it to cheaper. Of course, if ya borrow the Leader of the Labour party a book from a friend and neglect Mr. Adamson, Member for to return your reading is often Fife) how Scotland would redear at any price, gard a measure which would The first book I read had a confer upon that country full faunting rod dag on its cover. It powers of dealing with its own was entitled 15th Nov. 1920.

When Labour education, its own agriculture, Rules," Mr. J. H. Thomas, the Dear 5 ----My old grandis it own land question, all its Railwayman's guide, philosopher used to have a asying that weni

Labour problema, all its Poor and friend (please don't miss out something like this: "If ye keep

Laws and Local Government, the "r") is the author. Now of been a welcôme abaance of the We are asked to state that to wanting a silk dress, ye'll may be

all questions of health, all its late I've been turning Mr. Thomas within the Colony, but it is Talkoo Club Ball, the usual times boy I could never quite under- and order, old age pansions, doesn't matter ony was what I

serious cases of crime morrow night, the occasion of the some day get a sleeve for Ik As

railways, liquor questions, law over in my mind and but it inevitable that with the close restrictions for hired motor cartod har. The idea of collecting unemployment health insur-now think of him. A man that approach of the Chinese New Year are being waived by the Police, dresses, a alboro at a time, never

ance, and all these problems would write a book wi' a red flag appealed to me. I've many a put under a Scottish Porlizon it wouldns' pay ony heed The 45th annual meeting of the time saved up bawbees, boots and

ment? Would anyone say that onyway. But jus: let me tell yo of desperate crime will crop up. District Grand Lodge of Hong-birds' eggs on that principle but a measure of that kind con-that Mr. Thomas presenting it is to our efficient Police Force Kong and South Chins will be then they were different. I was ferred upon either Wales ar prizes at a Railwayman's Concert that our thanks must always go held on Thursday next at 5.30 man-big before it dawned on me

Scotland would be regarded by and Dance or giving Mr. Lloyd for a Colony so remarkably p.m.

that the pith of this old saying

the people of those countries] George a chance to throw him a ¡¡reo from the terrorism of invited.

was in what ya wanted and no” so

a. niggardly measure or nice bouquet in the House of [desperadoes-thanks

much as to the getting of it.)

paltry measure that conferred Commons is a very different kind jare not always prone to

And there's quite a lot in the The only CAROS of com-

no powers upon the people? of Mr. Thomas compared to whan give. Another member of that manicable disease notified Isat thought let me tell ye. Force has paid with his life for week were three of diphtherisgo on for donkasia, years turning apologise for them. But I'm Unity House and harangues The steady fine workman might The italics are mine and I don't be gets up on his hind legs at our daily safety and one of his fone Eurasian and two Chinese).out good stuff but if he doesn't going to rub it in for all that would call that versatility; you comrades has been wounded on All were non-fatal There were get the itch to want something Why? Simply because it's 30 and I would merely call him two- raucous railwaymen. Some folks our behalf.

Surely, it is only ve Chinese deaths from in more than the wage he's been self-evident that Scotland devond right that we should, whilst fluenza

faced. expressing our deepest sympathy,,

getting for the past ten years, wơng those things, otherwise she acknowledge the debt we owe.

then he's no likely to get it wouldn't

There is no doubt in the mind bo content 'zill The more detailed facts of the Shanghai saying that he expects has it tendency to increase the no Mr. A. Strok writes us from Fine praise alle nae wame nor she

of Mr. Thomas of the coming of a got them. There's blinking happening are still a little obscure to arrive in Hongkong saboa: the total on the left hand page of the there's no use of the perfervid (no'sureaboutis the date. That is, Labour Party. The only thing he's tha fact and Miss Wildin desires to thank her brother's many friends for the late Sergt. Gardiner was Elman, one of the world's greatest

but enough is known to show that beginning of April, with Mischa Savings Bank book.

among us getting hot round the owever, neither here nor there their mesanges of condolence sout to her in her recent sad bereavemurdered by a gang of robbers violinists, who will give perfor forty year, rear a fine family | hidden-we don't want these Faguo about lots of things. What A man might live in a house collar for the truth canna be for throughout his book he is ments, and also for the floral tributes sent.

wboas pre-arranged crime he and formances here... others were engaged in prevent-

and be in the running for a great thing or we would find a way of makes up for in nerve. His is a he lacks in certainly though he ing. But for the tragedy it would

grand father-ship but if he doeana" getting them. Content are we to have scarcely come to the public Works Department, rural building the kitchen needs painting and while our money goes south to bifocals on to get hold of the facts At the offices of the Public 1st his landlord understand that wear the castoff rags of apathy ne programme but ye need your notice; there might have been tot No. 155 (below Black's Link), that the rosebands have faded cleed the Sassenach in the robes and figures, upon which, after all, police court proceedings that would have been read by a few van Andel for 15 years at the wallpaper, no to speak of the read pars in the London Press (a doubt about this Thomas even

was sold by auction to Mr. Alex ten years ago from off the parlour of self-conceit Content are we to real business is based.

As I was saying, there's no But there is a very real depth of upset price, $1,620. The lot has{necessity for modern sanitation I did just yesterday) of this and he does wander about like public gratitude felt by those who an area of 16,2000 square feet, the in the bathroom, if he does the like: "By the Act of Union, know of all the work of preven-

let bis laird know of these things Sottish members were put into our he needs is time. But that Alice in a political wonderland. tion that is constantly being

| often and lung, then he's no" likely | Parliament." Or this: "Scotsmen achieved, and the members of the

Arising from a gambling dis to get them. He may threaten are complaining about the quality can be easily managed. When Force can rest assured that there pate, a Chinese bawker received to leave tas house, very often their porridge. The season's outs Parliament passes the Extension is appreciation, even if praises back in the Saiyingpan Market renovated for the incoming ton- Gods!

a number of stab wounds in the does, and the dwelling is entirely are very discloured, etc.. Ye of Human Life Bill quite a lot of us may see a few of his A well-known flaspcial authority has stated that there is no are but seldom sung. hope that international trade will resume its normal and catural The Dean's Dirge.

from an assailant who has since nant, but that doesns" alter the

numerous promises carried out ourse until something is done to introduce a feeling of stability and

Mind ye we are a vain people. Although a Millenium maker, he's made bis escape. The injured fact that if be doesma" want them. ecurity in the exchange market. This problem is fundamental, and

man was yesterday removed to then perforce he has to do with Nothing pleases us better than cheery wi' it all. No Government Dr. Inge has shown himself to the Government Civil Hospital. buches every corner of industry and trade. It is, perhaps, the mos: be a useful critic upon occasion.

oni. Aye, there's no doubt about getting our ears filled wi' nonsense could hop to compets wi him Ifficult of the many reconstruction problems thrown upon us by the and the fact that he was apt to be

it if ye want a thing ye must ask Walike fine to read and hear about though. Mr.

about our natonal characteristics. in this respect. Boiled down." rar, because it is essentially technical. There are two very differ outspoken and not over-sanguine leather valued at $300 was stolen must won it first. When ye went Great War. Praise about our ideas-sketchy at the best-and A quantity of white buckskin for it but the great thing is ye the part our soldiers took in the from an excess of sentimental Thoma suffers at main questions which arise out of the exchange position. There about the future scarcely justified from Cherry and Company's shop silk dress, some day ye'll get dram drinking we look on as a when he comes

first, the wide difference between the present figures and parity: the epithet of the "gloomy dean nd, secondly, the incessant and violent flustuations to which ex-bestowed upon him by one of the was

At Pedder Street. The leather sleeve. The moral is dians' want right. We wish every one to business proposition he passes anges are now subject. In order to get back to the pre-war London daily journals some years access to this being attained by ask, the mors ye're likely to get patent rights for being a mag- is the State oayhow 2.It is every stored in the basement a sleeve at a time. The more ye understand that we hold the sale the problem on to the State. Who beition we have not only to re-establish the old rate of exchange, ago now. In the latest of bis the thief breaking open the door. Savee? at also to bring about the old stability. This latter is really of far utterances the Dean does seem The theft was reported to the

nificent people. But this oatmeal one-when it comes to the matter More importance than the actual rate.

to correspond In view of the reasons stated above, it is, in the opinion of the closely with this appellation. He

uncomfortably Police yesterday.

Now you don't know what I'm Lord we havens' lost the power new Labourites are going to cut dope geta my goat. Thank the of taxation but then I forgot, the itor of Ways and Means, necessary to abandon any immediate hope leads off with the old jeremiadabout

getting at. When I first put pen of discrimination. A lot of harm that out. getting back to parity, and to see how far it is possible to revive the country going to the dogs, or list closes on the 31st Dec. for glimmering myself. But it's neighbour's ignorance we have to new revolution Thomas says it

Scotsmen are reminded that the to paper this week I had only a and quite 90 per cent. of our od extend overseas business on exchanges as we find them to-day. rather, he "improves

Cf course, when writing of the or the purpose of foreign trade it does not really matter very much by intimating that the bow-wows National War Memorish, and no bad opening paragraph in the past hadna' tickled folks violent or bloody revolt."

upon this local subscriptions to the Scottish coming and incidentally makes blame for ourselves. If Scotsmen will Britain whether the mark stands at 20 or at 200, or whether the bare already got hold of what intending subscribers should com- Man, I wadna like to write for rs wi' Thrums and Drumtochty that sounds familiar.

necessarily be & llar is exchangeable for sovereigns at the rate of three or psed to be called Merrie Eaglsad.municate before that date either living. It wasna' so bad in the staff and gives otherwise decen: we've Whatever the rate of exchange is, it applies both to It will be seen that the Dean with Mr. John Johnstone, care of days when I used to board wi folks fictional notions of what we before.

heard that expression port and export, and foreign trade can be conducted. o mark is only worth 200 to the sovereign, then the German worst. Filling in the melancholy or Mr. T. W. Hill, care of Bradley always on tap the 1903 edition of able to lift up our heads and the Brest Litovak tresty. Weren't If prepares us in advance for the Jardine Matheson and Co, Ld the Macphersons, for Mac bad eat and how we live we might be remember when Trotsky fixed up Ab I've got it; you I have to pay ten times as many marks for anything which picture be depicts the repudiation and Co. Ltd. requires to import, but he can balance his account because of the National Dabt, or whatever

the Enclo. Brith (I never could

cease to be the butt of every those the very words he used? will receive ten times as many marks as was previously usual it is he intends to represent by

spell them blasted names, so Englishman wi a school-board You bet they were. And since anything he is able to export. Such a position is by no means the phrase "the scraps of paper of its most respected and well-mind foe the day that Msc shuts out a big view, so dinna' since.

The Colony has to-day lost one aye foreshorten them). Aye, education. A moist are often leaving Litovsk be's been bit over bal; it does not offer the facilities which were provided by the old on which the nation's debts of known residents by the departore bought the_Eacio. Britt.

Mr. Thomss book in arity, but it still leaves the door open for trade on a large scale. honour are inscribed." This be on retirement of Mr. W. D. Kraft. Hughes and Rough. It took four let us be blind to own imperfec-spots reminds me very much of hen, however, the mark is liable to fluctuate to the extent of 100 considers would mean ints in a couple of months, trade becomes utterly and entirely disappearance

the of the Standard Oil Company.coolies to carry them up the Pest

the earlier Russian dope Reuter possible. The exchange problem (keeping for the moment to paying class" and a reversion States. Mr. Kraft has resided here ever since.

tawho left by the Columbia for the and Mac's been a literary man

used to hand out to us, bow there many for the purposes of illustration) bails itself down to these to semi-barbarism, wastefulness for many years and besides gain-ony the less of him for that, for about the Scotsman south of the children, short hours and so on

But don't think

were to be a profiteers, no un- There's been far too much talk employment, no slams, no hungry o questions: (al Can we get back to parity? (b) Can we get back coming to an end only because ing much prominence as a keen be's no the first man I've known Tweed and abroad. Let us get a and everything in the Bolshevik stability? To ask the first question is surely to answer it: there there would be nothing left to and clever golfer he has, by the that's started his library wi a bit nearer bame. no hope within present prospect of the mark to its relative waste. ernational position of six years ago. If this were understood, be true if the Dean's dismal fore-ed. himself to a very large circle books. Onyway, Mac wanted mean-is still quite sound. The undoubtful Thomas tan siter All of this may possibly charm of his personality, endear-initial order for half a ton of Scottish life-industrial life, I But neither the Russians nor Mr. Superficially garden was going to be so lovely, knowledged, and admitted a great deal of confusion of thought cast concerning repudiation were of friends, by whom he will be them and that brings one back to housing conditions though in the human nature. If history is to uld be removed; the work of getting the rack back to the old well-founded, Happily, there are rity is the work of half a century, and must be accomplished a many reasons for believing it to

greatly missed.

to where I was at.

big towns and the mining areas be of any use at all it surely ut at a time by a long, slow, gradus, and painful process. But be ill-founded, numerous as are

Ireland wants a Republic. For are lamentable. There's nothing teaches us that no society can be long task cannot be commenced until trade begins to flow, and the probleras that confront the charged before the Magistrate ber she wanted Home Rule-andery romantic about that, nothing forced into one.deep channel. It's ha beginning is rendered impossible by the instability of the Mother Country. There is no note this morning with an offence didn't

Two Chinese constables were more years than I care to remen-

near as romantic as the story of bound to Now sent rate of exchange. It would not be difficult to arrive at what of formative criticism in Dr. Inge's

overflow ere long, Scotland of the ballads, the bold I think one of two things. Either be described as the natural rate of exchange, and if that were dirge. To remind us of the dan-which bore a strong resemblance she wants a Republic, she's gotten bad barons and Bonnia Prince Mr. Thomas is kidding himself ce reached and unnatural influences ceased to operate, then the gersoff extravagance is allvery they went aboard the Yatabing measure chock full of powers bites. Aye, these were the days blackmail the Government into to "squeeze". It is alleged that Home Rule. She's just gotten a Charlie and his misguided Jaco or trying, through bis book, to rohants and traders of both countries would have a basis upon well; but the situation is not to yesterday, and frightened one of wi which she can deal wi' her but the thought of them doesus' giving him ich they could confidently calculate, and trade could be resumed be relieved by abandonment to the crew into surrendering & own education, her own agricul- help to bring the rents down or Whitehall job with a nice fat h at least the old amount of confidence and certainty. What the sombre. The Dean bas ren- quantity of opium which they ture, her own land questions, her get wee Wullie a pair of new pension for life. lies to the mark applies to every other exchange; we only use dered useful service now and then later appropriated for their own own Foor Laws and Local Gov mark as an illustration. How, then, can stability be secured by giving complacency a jog: benefit Mr. M. K. Lo and J. H. ernment, her own railways, her quarters of our folks are jammed boots next Saturday. Tores the exchange markets of the world? How can the violent if we all fell into his present Gardiner were engaged for the own old age pensions and a lot up in smoking cities among other book. Though nearly a tuations which are now a complete barrier to overseas develop-view, what hope would be left? defence, and a remand was ap more sleeves than she's ever picture houses and policemen fortnight ago sincs Mrs. Asquith's violent fluctuations? A difference of five francs in two The Hohenzollern Hoarders. plied for and granted by the likely to tge. If yg keep prostitutes and publicans. If we book was published the world is iths in the value of the sovereign could not be accounted for by

Magistrate,

wanting a silk dress Ireland confine our view to the externals substantially the same to-day. ordinary trading operations between London and Paris. It is sum of over a million pounds had It was recently reported that a

this time demanded a whole we've got nothing to bounce a few hundred book reviewers obvious that outside influences are at work, and the most been paid to the ex-Kaiser by the thieves, & Sikh constable was ed. Government of Ireland Bill still strengthened by what is signs of activity and wakefulness Through the activities of two wardrobe and the recently passabout. If the inner purpose is throughout the land have showed ory examination of the problem shows that the most powerful German Government, and a later yesterday almost deprived of his has given her nearly everything practiced and preached in "God- but they don't count anyway. Lese outside influences are the operations of the world's Govern- account states that the dethroned usual chicken curry. It appears but the key of the wardrobe door, fearing homes" we might have If there's been anything doing It has well been said that if Governments could be removed together over four millions. The a greedy eye on his chicken ronnery Inside the clothes prose it? I'm afraid the proportion of world or wherever folks are who Hobeazollern has received al- that these two Chinese had kept She may not deck herself wi' the some thing to hope for. But is at all, it's been in the spirit the exchange market that is, if Government procedure could Allies are presumably taking note at Samsuipo for some time past because she canna wear the these homes is where the populatura in their graves. I can quite fought within such limits that exchanges were not liable to be of these things (an affirmative and yesterday they put into sforesaid key on a chain round tion ted by it we should at once arrive at a natural rate of ex-sistement was made in Parlia-execution their plans for the her waist but the stuff inside is certainly no evidence of them in it how you will) and his select is sparsest. There 1 imagine Mr. Pepys (pronounce Ice between all countries. That rate would be very different ment lately), especially in view capture of the poultry. Whilst here for the wearing, for all that our smoky towns. So as & last little

the old parity; but it would be natural and this is the very of German professions of national one of them held a quantity of In other words she's got what ditch in our national defence we excited band getting B ce of the matter. It would represent the actual financial impecaniosity. In addition to rice in his hand to entice the be wanted though maybe no as fall back on oatmeal. Now you of the living there has been

but ia the lou as between the various countries, and it would be free from these sums it is reported that roosters out of their retreat, the much as she asked.. jak of very violent fluctuation. The would then proceed to

know better than I could ever to working overtime on account ack to parity in New York by half a cent at a time; the mark sundry members of the ex-other fellow stood behind him

tell you that porridge like the of this terrible Asquith. I slowly move towards parity in London, & pfenning or two numbers of the nobility, were of the birds. This pleasant little subject gal. Let's hear what In our swarming areas modern effort is not looked so much upon Imperial family, as Well as with a guany bag for the reception No, I'm no finished wi', the kilt is almost non est in Scotis. many of Margot's friends her month and a natural process of recovery would be begun engaged in smuggling remittances, game was in progress when the Mr. Lloyd George had to say last brawn and muscle depends on tea as a great book as a great affront. would enable real reconstruction to proceed. Merchants, to Holiand amounting to some constable unexpectedly turned up, week when he was fathering the and pieces and the occasional When you come to think of it~ facturers and traders everywhere would be able and willing to 250,000,000 marks. If, as appears, and grabbed both men. The pair Government of Ireland te upon a natural exchange, They could measure the changes this took place during the war, wers to-day brought before the through the Commons. I want ance. The Scot abroad might be the thing you know, but apart. Bill fish supper for it's daily spston-well it's not very nice, not quite Hrement in figures if those changes were confined to natural it sheds an illuminating side Magistrate, when a quantity of every Sootsman to read. if care a

Nobody would hesitate under such conditions to enter into light upon

fine fellow wi' his tacit from that there's nothing to ligation with & fureign country, knowing that the risk of Germany's reigning house during duced before the Magistrate a

the feelings of rice and a gunny bag were pro-fully. This is what he said -- acknowledgment of the power write home to mother about. La fluctuation was reduced to a few points either way,, and those days when Wilhelm was evidence.

This Bill may have defects, of the kilt, porridge and The Morning Post wi its verdict be allowed for. When, however, that risk includes the issuing flamboyant addresses to month's hard labour was inflicted

but I am absolutely certain whisky but his wee brother Malice in Blunderland" bit it that it bas merits that have in Govan or Motherwell is a dog Hity of some Government operation which will radically alters

my invincible Army." de of exchange no business can be undertaken.

on each of the prisoners,

never been acknowledged, sad of a different colour altogether. (Continued on Page 7)

30.

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