Just

NOTICE.

Vietor:

THE HONGKONG TELEGRAPH.

Arrived

No. VIII VICTROLAS

No. X

VICTROLAS

No. XI VICTROLAS

Aíso good selection of

Victor Records

S. MOUTRIE & Co. LTD

SOLE VICTOR DISTRIBUTORS

A Sare Cure for Pricity Heat and Other Skin irritation caused by hot weather

OUR PRICKLY HEAT LOTION AND POWDER

30 cts. & St.00

OBTAINED ONLY AT

COLONIAL DISPENSARY

Telephone 1877.

14 Queen's Road, Central.

DINNER SERVICES. TEA SETS

FOR 13 PERSONSI

RUCS

CARPETS & TABLE COVERS

HOP CHEONG

Telephone No. 654.

Complete Honte Faraiskon, ́ ́53. Qaeso's Road Central

NATIONAL ECONOMY.

THURSDAY, AUGUST 18 1921.

HONGKONG STORM SIGNAL CODE (Local), Revised on ist June, 1920,

BIGNAL, SYNNEL.

7.

DAY SIGNALS.

MEANING.

(RRB) (à typhosa exisis which may possibly cause a pula sè

Hongkong within 34 bouca.

Gala expected from the North (N,W. io N.E)

South (SE to 5.W)

East (XE 10 SK)

Wert (N.W, to S.W)

Gale expected to inazvane.

Wind of typhoon fares expected (any direction).

A Pelicy Wanted. There is at last some evidence that the urgent need for national; economy is more widely recognis- ed. It remains to be proved, however, whether any really | affective and adequate steps are being taken to secure economy, notwithstanding that it i lincreasingly evident that the present national income cannot support axpenditure on the scale provided for in theresent Budget, without a drastic reduction in the general standard of living

The extent to which expendi- ture has increased in relation to national income is revealed with startling vividness in an address delivered by Mr. Edgar Cram- mand to the Institute of Bankers: on June 28th last. Mr. Cram-! mond estimates that in 1907, jexpenditure on national services] represented 8.3 per eant, of total National income. In 1920 this | THỹ wiữ have the same signifcation as the day signal. percentage bad increased

Mann) X». V wiɔ be naonaryânted by three explosivo kombo, fred at kameraj si 13 sounds to the Taser Polier Station sand repeated as the Harbour (MAS,

The signals will be lowered when 19 in nonaldernă sana sit danger in ever. The Day Biguain W312 IN GUNİK-ped in the Tadio maệt sĩ the Royal Obsnersbary, 11 the Tuchome Calm, HER TERE, Lison inland sizza) maşt, the fagstaff in the praises of the Tugbog am Koutson Wharf and Gadows Cukyany si Kawloon, the Ingstad in the pEORİNG us punktuel 03 Company aå kalvoki-kok, and the Fagunak sos: the Frakt Omele's Quazioen ** l'a

NIGHT SIGNALS (LAMPS).

1.

WHITE WHITE

J.

Z

WHITE GREES GREE

THITE GAFEN ORIEN WHITE OREKN WHITE GREEN GREEN WHITE WHITE ORKIN GREEN

+

I.

BRD GREEN RED

The Night Sigunds will be displayed, si mami, an ja Kačia maat ut sku Raya) Obourva HEY, OR LLE SOWAr of the Railyar Masion, in HIMA. Tomar, sad on the Harven Clen Enguist. Lignal No. 7 will be bodompanied by explonies boucha as shere, in the pront of the tombormation conveyed by this signal being isa publikanë. Ne might.

3.0 with the result that the percentage available for thei maintenance of capital and for naw investment

reduced from 23.7 to 54 per cent.

WES

As far as can be foreseen the position for 1921 will be even worse. National iecome must inevitably be much reduced, andi Mr. Crammond calculated that. taking the Budget figures and le ducting the amount required for interest on War Debt, and allow- ing for local taxation, the charge for national services in the cur reat year will be equivalent to 32 per cent, of the National income. The Revenue returns for the firsti two months of the financial year.) show a decrease of £100,000,000 | of which £30,000,000 represents & decline in special receipts, and it is apparent that the Badge: estimates of revenue possibly be realised.

F

cannot

Mr. Crammond is probably) right in stating that the simple fact is that no great industrial nation with an urgent need of capital can possibly afford any. thing approsebing 33 per cent. of the entire national incoe for the Įpurposes of national services on. in other words, can afford to work for four months of the year simply to pay the cost of Gov- ernment and Imperial Defence.

It is hardly necessary to point the moral, for it is evident that some solution must be found and action must be taken along two lines ruthless economy in ex- penditure and largely increased production and trade.

Mr. Crammood is emphatic upon the necessity for bringing down the cast of national service! to something below 25 per cent. of the national income, even if the coq*rquent retrenchment involtes curtailing the social ser vices now undertaken be the l Government. The suggestion is also made that the redemption of War Debt should be postponed ! and an understanding reached with the United States of Americs and Japan as to the limitation of naval armaments. Simultaneous- 15 such steps must be taken as will increase the national income: and, with this end in view, 3 plea is made for A constructive National and Imperial economic

YOU CANNOT AFFORD TO BE WITHOUT THEM. polier. The economic desturt

ances, which he fears will ter

JUST received a large Consignment of (1) LACTOGEN theolved by Reparation Pay- most digestive food for Infants which keeps good in quality during must also receive careful Hot Weather: (2)_LACTOSE (Milk Sugar) for sweetening the foods and unprejudiced attention, in of Infants and Dyspeptics; (3) MILFORD-McGRATH FLUID conjunction with the cancellation INSECTICIDE the Best Fluid for destroying Fleas, Mosquitoes. the exception of the British War of Inter-Allied War Debts with Bugs, Flies and all other Insect Pests in Summer days; and (4) to the Lited States, which JOHN CAHILL'S GOLDEN FLEECE, MAGIC and CINDERELLA

SOAPS for keeping everything clean in Houses.

PRICES are Very Moderate. Inspection and Enquiries are

cardially invited.

泰景理代粉奶牛素仔 SHIU FUNG TAI & CO.

Sale Aganta for Hongkong and South Chios

47 and 45 Connaugh: Road Central. Honek g Telephone No. 1239.

SOLE AGENT,

MARK

DAI NIPPON BREWERY COMPANY LINTED TOKYO, JAPAN. SPECIALLY BREWED FOR EXPORT.

MITSUI BUSSAN KAISHA, LTD.,

HONGKONG.

he thinks we could quite easily meet when the trade of the world becomes normal.

Possibly. however, the most! important element in any indus trial policy is the amicable ad- justment of the relations between Capital and Labour, thereby enat ling the country to get back to work. Capital is defined by Mr. Crammond as meaning in its ultimate analysis principally organisation, and he suggests it would be a piece of incompre- hensible folly. at a period when the world is entering upon an era of intensive competition, to weaken the position of

the

SUPPLEMENTARY WARNINGS.

When heal tiganin nou displayed is tõe Bazbear a (OKE will be exhibited at tha wing stations:—

GAP ROCK WACLAY

KTAIL KY ABERRIES

BLU ET WAM

SAI BUTO

SHA TAD KOK TAI PO

ne motify the luat la makino neaïl and pasting mana Prevela,

Fursher deamiin kan konuyu be given, to scena vanselt, va semnad, by signal from

CHINA SEAS STORM SIGNAL CODE.

1- The Signs are made by means of seriais Symbain, casă cottonpominaɛ, for seriała purposes, la i nam bo to

1

-LT+AV◆EX

2

7

soon as taxas the following emersi characteristiek.com

The Signals are mainted sa the yardarma and manikend of sav Storm Signal Maes Taploon and Castinental Doprasaan Signalas

Ca. 4 symbola at ca a vardvorm showing ide pon;sina al vào ventes.

Jembels 15 tka šiber vantara säming van darthian of motion saděvy

VAZİRİN DONNEZAKERESEN E400 Tadies Nos. 1, 2, and 3 flambot at the masthend abowing Dhe time the warning wan lagued by

ika Kapal Okonsernity (our Table No. 12.

Quis Spanis

(d.) 1 symbol så kan yardart showing the region threatened tesz Table (v.) 7. xymbałt së the other pard-azm showing the graczai darsesion of the

wid Com Table X. 1

(7.) 1 symbol at the marihanda vaowing;setimetanwarning war land by

the Rayal Chaervalory (ver Takie No. 45.

The bus kɔper gumbois et group (a) sausia by heir aurresponding Dumbers the habenda, and the two lower tymhmen the longitude of the peaste of a core at upasident siz within which the enmire në san typhoon or degreation limy sabte nad Male saly ; thus, 30 in 3iew: longitude 1.

The umbol let lids give the

The two my per gym bola at group (b) instanse the duration in which tam typhona 14 travelling, (ano Tabie Nx. 21 or, alteraktaly, bersara senditenanf the typhosa casa Tabje Nr. 22 The third nad kreves mym bui of group (bi ladichire the radius of the dimbour can shown by the Inisinde and longitude. This symbol may mom ladinate degree of imewatsy. Tvárať kontinentai ingremion it indinkten that it la cach, and 15-corengoaiap lajisode and longisade 10 the usates at an indefanse area afected Fire India N

Caution -1; 4nould be slearly understood that the pottinn iad:dated by the lasitude and longstede signaled does nal purport to on the practice of the centen st the typhoon ti and vases merely the centre of a circle at a ageused radius within VAIKKA Rias në tha tygsson in believed to lat.

Table No. 1.-Direction Signals.

Ius upper Symbola at kai

Theme indicate the direction in which a typasun is traveling of the direction from Think he may be especiest

-TAX-TA◆X-TA◆X

C

ILL

Late

Jatalaz

LE L EX IZ 1.1.1 5.32. 57. 25.9. 9 EUR 2.2 ELF

Table No. 2-Condition Signals.

My

Iwe upper Sympati at havat

± ±

Two coats,

Chipreiten

Tabit No. 3.–Radius and Intensity Signals.

60

The jewest of 1994e nymbalar

BITTER.

B4429.

USA!

STATI

Table No. 4.--Timm Sigua La,

Single Symant si masthiach

Fig.

NOTICE

OUR SERVICE STARTS WITH THE SELECTION OF THE GOODS WE SELL, A NOTABLE EXAMPLE IS THE HARTMANN WARDROBE TRUNK PREFERRED BY DISCRIMINATING TRAVELERS EVERYWHERE. You Are invited to a Demonstration Without Obligation.

LANE, CRAWFORD & Co.

THIRD WEEK OF

WHITEAWAY'S

GREAT SUMMER SALE

MONDAY, 15th to SATURDAY, 20th AUG.

SPECIAL BARGAINS

FOR THIS WEEK ONLY.

SEE OUR WINDOWS

ALL

MILLINERY,

.

DRESSES,

BLOUSES,

WILL BE SOLD FOR

THIS WEEK ONLY

AT

Imter day

Tesardar

730

marang.

0:2307.

Bor>.08.

Table No. 5.-Gain Signals.

HALF

2 Symin at pardara.

Channel

J

Bonth af

TYPHOON SIGNAL,

DEPRESSION SIGNAL

Time

Time

Latitude Direction

Latitude

Direction

Longitude Radius, etc.

organisers in the great compati- topbane within 3 miles of fat.

ve markets of the world. Only by organisation and by co-opera- tion between all classes of the) community can a better standard of living be realised. It is of no avail simply to point out to; workers that the war caused tremendous losses-losses which involve a lower standard of living. A constructiv- policy must also be put before them, and with goodwill! on all sides such a policy is quite practicable.

Mr. Crammond's paper is a most valuable contribution to current thought. On points of detail it is not always possible

260 N., long, 120° K., travelling N. E. Warning and this morning TYPHOON SIGNAL.

Latitude

Time-

fully to share big views, but a typhine within 60 seller of fat:

Song: Law The two anatem Wacking,

there can be no two opinions as to the soundness of his general con

clusions.

>Longitudė || Radius, ute.

à toutinental depression in lat. & N.. Hot 100 E., traveling KS.Z Warning o'd yesterday muraisg- GALE SIGNAL.

Time

Direction

The aerib cost of Bokhalds threatened

break from 5.W -inued yesterday afterpoint-

E. F. CLASTOKx, Director,

Bayat Onervatory, Hongkong,

PRICE

THOUSANDS OF OTHER BARGAINS,

WHITEAWAY, LAIDLAW & CO. LTD,

W

THE STORE FOR VALUE,

HONGKONG.

PERUVIAN PRESS GRATEFUL FOR Republic.

JAPAN'S MISSION.

PORCELAIN LINED BATHS.

Sizes 4' 4'5.5′′ 5'6" 6'

with nickel plated Hot & Cold Taps, & fittings. ENQUIRIES INVITED.

C. EJ WARREN & CO.

- LIMITED, 30-32-Des Voeux Rd.

The President and Ambassador Nisbi exchanged most friendly greetings, insisting Lima, July 23-The Japanese upon the cordiality which had Embassy, appointed on a Special marked at all times the relations Mission to represent Japan at between Peru and Japan. Deep the celebration of the Centennial gratification is expressed udan- of Peru's Declaration of In-imously by the Peruvian Press dependence, was received official, at the manner in which Japan ly to-day with full military has wished to associate with honours by the President of the Peru on this occasion.

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