2

LIFTS

and

NOTICE.

WAYGOOD-OTIS

ELEVATORS

FOR ALL PURPOSES.

FOR QUOTATIONS APPLY TO THE

SOLD AGENTS →→→→

DODWELL & CO., LTD.

MACHINERY DEPARTMENT.

THE STANDARD LIFE ASSURANCE CO.

New Scheme for Children's Early Endowment:-

Principal features: Small Premium, Liberal Sarrender Value, No Medical Examination, Return of Prensium in the Eveal of Drath, and Numerous Options at the Age of 25. WRITE FOR PAMPHLET AND PULL PARTICULARS TO

DODWELL & CO. LTD. Agents,

TSANG FOOK PIANO CO., MAKERS, EXPERT TUNERS & REPAIRERS.

Telephone 2127. 94a. Wanchai Road.'

E. HING &

CO.

SHIPBUILDING MATERIALS, SHIPCHANDLERS AND

HARDWARE MERCHANTS.

'PHONE NO. 1116.

PUBLISHED ANNUALLY,

THE

LONDON DIRECTORY.

with Provincială. Vorsign Berijos

Spabler traders to cuturamairæte ikirect wită)

MANUFACTURERS & DEALERA

3 Lendon and in the Provincia: Tanz Tutorial Centre of the United Kingsem mar The Continent of Batugin The

Ace And liber details are HIFIMIS SAMOŽET then 2,00 trade headings, including

EXPORT MERCHANTS

נום

with detailed particulated the theris shipped sad the Colonial sod Foreign Markets supplied. STEAMSHIP LINES

«rranged under the Porte do wtrich they pal sad indicating the approximate Hailings.

One Inch BUSINESS CARDS Firm desnog do extend their conuée" tone, or izmde Carce or !

ALENG GEEKING AGENCIES

w be printed at squat of EF 10. 03. fungh trade heading under watch they are smerted. Larger adveziimmenia from 2 to £6,

A copy of the directory will be sent by p■terl

et for £2, pett ceh with ordre.

THE LONDON DIRECTORY, CO., LTD

28, Abetureb Lane, Luzden, K. C. 4. Kugined

BUSINESS ESTABLISBED IN 1814.

New Consignment of

“KODAKS"

Just unpacked to-day Inspection Cordially Invited.

A. TACK & Co.

26, Des Voeux Road, Centra).

KODAKS.

and GENERAL PHOTO* SUPPLIES JUST ARRIVED MEE CHEUNG PHOTOGRAPHER Ice House Street.

MASSAGE HAL

23. FLOWER STREET. MR. T. TAKAYE, - MRS. MORITA, CERTIFICATED MASSEURS,

SATRENDS FINATED IN TAM Own Home

IN DEBINED.

METALS

of all kinds, especially for ship. building and engineering works. Complete stock, Best terms. Immediate delivery.

SINGON & CO.,

Established A. D. 1880,) HING LUNG ST. Phone 515

25, WING WOO ST. CENTRAL.

CREEN IS AND GEMENT COMPANY, LIMITED.

PORTLAND CEMENT.

In Canks of 375 Bs, net.

In Bags of 250 ls, nrt.

SHEWAN, TOMES & CO.

General Managers. Hongkong.

MARTIN'S

PIOL & STEEL

A Frenak Remedy for all Trenglazed pa Thomands of Ladies abwszy keep a look of 31mrtiala Pille ta tie hubane, so that on the Araz sign of any Irregularly uf the System a timely done may be ad- ministered. Those who use tlieta recon met them, bence these whorenoua sale. All Chemists and Stures well theoá abroughout the World, ut post reze 5/-, MARTIN, Chemist, Reithaupten, Kaz.

MARTIN'S

PIOL & STEEL for Ladi PILLS

ON LOK YUEN CO, LTD.

THE POPULAR CAFE,

27 35 Des Vieux Road, Central

First Floor.

Li HNGCHANGCHO

SUBY

at all hours..

Clean, Delicious & Appetising,

THE HONGKONG TELEGRAPH.

THE LEVY ON DEBTS TO GERMANS.

Difficulty in Carrying It Out.

The few days which have olapsed since the break-up of the Reparations Conference have certainly not served to imbue the City with much confidence that the particular sanction to which Mr. Lloyd Georgs "attached the greatest importance "-namely. the interception of 50 per cent, of the debts due in Allied countries to German nationals-is likely to turn out a workable proposi tion, writes the financial editor of a home journal. At first sight it seems very simple for a man who buys £1,000 worth of German goods, to use Mr. Lloyd George's into illustration, to pay £500 the British Exchequer nud 10 remit an Exchequer re- ceipt for this £500 and the other £500 in cash to the German exporter. But, as a matter of practice, neither the carrying out o is procedure nor its enfor cement is likely to be at all easy,

In the first place goods import- ; d are largely paid for by bills of exchange, drawn by the exporter for his bank on the importer or a

bank or accepting house acting)

his behalf. am! it IN 311 essential part of the mechanism of foreign trade finanes that such bill-should be capable of being negotiated from band to land. It is evident, therefore, that this partienlar sanction is not merely

question between the British purchaser of German goods and The Exchequer; it also concerns. bankers, Arcepting house, dis Counting houses, and all who have to do with the financing [of imports. Any legislation

is 1 be effective in enforcing the "sarction" will have to lay upon all these institutions the duty of satisfying themselves that the deduction provision is being duly carried out in respect of any transactions with which they are in any way The treatment of such items as freight and insur ance and rates of exchange where a deit is payable in marks is likely to prove a fruitful source of difficulties, and can clearly only be provided for by an elabor ute system of regulations. And where goods have passed through neutral hands it seems almost hopeless to expect that any procedure can be devised which will

not by

friction and difficulties it creates render business almost impossible in practice.

the

With the consent and the co- operation of the Gernian Govern- ment the difficulties could, no doubt, be surmounted, but as a "sanction the measure is bot attractive, and unless and until the German Government consents to compensate i nationals for the deduction it is simply ridiculous. It may be added that the contemplated step of making its provisions retrospective will entail even greater difficulties, if possible, apart from the question ol

breath of faith. པས the original creditors will in many cases have transferred their interest in the debts by negotia- tion of bills of exchange to parties. who have no knowledge of or interest in the transactions which they refer.

ROW OF WAR PYRAMIDS IN FRANCE

10

A scheme for marking the line at which the Germen advance in the spring of 1918 was stopped, which at one time seemed to have been abandoned, has now been taken up again. It is pro

Once Tried Always Asked For.posed to great. pyramids along

European Menus a la carte at All Houre. Teas, Ice Cream, Cold Drinks, Cakes, etc.. Special Dining Room for dinner parties, accommodating 40 per sons, with Drawing Room at tached.

the entire front, hearing the ins- cription. "Here was arrested the onrush of the Barbarians." The number of pyramids and the places where they are erected will shortly be determined by Marshal Petain.

DOINGS OF THE DUFFS-

LET'S GET STARTED IF WE'RE

OH SAY! GOING TO THE SHOW!

A FUNNY THING HAPPENED AT

THE OFFICE TODAY! NOW LISTEN

I WANT YOU TO GET THIS!

to be

SATURDAY. APRIL 30. 1921.

"That's right

-they do satisfy!"

There's more to a cigarette than "pleas- ing the taste.". Other cigarettes, besides Chesterfields, can do that,

But Chesterfields do more they begin where the rest of them stop! Because Chesterfields let you know you are smoking -they SATISFY!

There you have it-SATISFY. It's all in the blend-a blend of fine selected TURKISH and AMERICAN tobaccos. And the blend can't be copied.

That's why you must have Chesterfields if you want this new cigarette enjoyment.

Lippottomillyers Fobuces Cur

Chesterfield

20 for

ONE OF OUR DEALERS WAS IN TO SEE ME TO DAY - HIS NAME IS WILL LOVE – ARE

YOU LISTENING TO WHAT

I'M SAVING?

YES, GO ON-1, CAN HEAR YOU!

20 cts.

Tom's Joke Is Wasted

CIGARETTES

--of Turkish and American tobaccos--blended

TTE

HE SAID, LAST NIGHT WHEN HE WAS GOING TO HIS HOTEL A STRANGE WOMAN CAME UP TO HIM AND GRABBED HIM AROUND

THE NECK - CAN YOU

HEAR ME?

They SATISFY!

This is the package with the moisture-proof jacket that keeps Chester-

Geld's original freshness and favor intact.

YES!

BY ALLMAN

JUST THEN TWO POLICEMEN

CAME UP AND →

CAN YOU

BEAT THAT?

JUST A MINUTE - TOM, HAVE I GOT Tou MUCH POWDER

ON MY NOSE?

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