NOTICE
Moutrie Pianos
Made specially for the
Climate
Solid Teak cases
Best materials
Guaranteed seven years
NOW ON !!
NOW ON I NOW ON!!
22nd ANNIVERSARY
BIG CLEARANCE SALE
MONEY SAVING BARGAINS
EXCEPTIONAL OPPORTUNITIES FOR ALL
GIFTS
ECONOMIZE BY COMING
Besides GREAT REDUCTIONS in
prices, ATTRACTIVE PRESENTS will also be
given to purchasers of goods value $1.00 and upwards.
GIFTS
WE ARE DISPOSING OF
OUR
REMAINING STOCK
OF:
TOYS
and
GAMES
25%
DISCOUNT.
LANE, CRAWFORD
& CO.
Prices on application.
S. MOUTRIE & Co., LTD.
CEATER ROAD.
E. HING & CO.
SHIPBUDILNIO MATERIALS, SHIPCHANDLERS AND
HARDWARE MERCHANTS.
GOOD VALUE FOR YOUR MONEY.
THE
M
SINCERE CO, LTD. ?
HONGKONG EMPORIUM!"
WHITEWAYS
Have just received a large consignment of the newest styles in English & French BRASS & ENAMEL BEDSTEADS & COTS. These articles' are of the best quality at the lowest Prices
'PHONE NO. 10.
25, WING WOO ST.
CENTRAL
DINNER SERVICES. TEA SETS
WFORD PERSONS)
RUCS
CARPETS & TABLE COVERS
.
HOP CHEONG
Telephone No. 054.
Complete House Furnishers
35. Queen's Bond Central
C. E. WARREN & CO. LTD.
EK PERSANITARYENG FER:
30 & 32 DE VOECK ROLD.
HONGKONG.
BEC TO INFORM THEIR NUMEROUS CUSTOMERS
THAT FROM
1st January, 1922.
دارم
THEIR OFFICES, SHOWROOMS &,GODOWN
will be
98A WANCHAI
Tel. No. 269
ROAD.
JUST PAST No. 2 POLICE STATION.)
Sager
Asana
SO B AGENT,
DAI NIPPON BREWERY COMPANY FLINTES TOKYO, JAPAN SPECIALLY BREWED 1996 EXPORT
"MİTSUI BUSSAN KAISHA, LTD., HONGKONIE
FLS. FINANCE.-
Progress Under Difficulties.
GOVERNMENT. IN BUSINESS.
PRICES OF BEDSTEADS FROM :-
$29.50 to $1.000.00 each
COTS $29.50 to $57.50 each
CALL & INSPECT ON FIRST FLOOR
no industry beyond personal of financial policy. With the ap skill in wearing sarongs or pointment of a special financial growing rice, and a nice taste in officer who comes to his post at a the best methods of getting rid time when the whole system is of an objectionable rival, has been under overhaul, there will be a One of the differences between little short of miraculous. That steady and, we believe, rapid ad- the administration of SirLaurence has been largely achieved through vance towards a condition of, may Guillemard-whether as Gov- the competitive individuality of we say, actuarial stability, for ernor of this Colony or as High those men who have assisted in economic stability is in reality Commissioner of the Federated the development. In many cases, there, however much it may be States and that of previous they have seen the work grow denied, and that for the simple holders of office, has been that in wonderful fashion under their reason that the money spent from Sir Laurence has shown a dis-jown hands. They have seen a revenue has been consistently pat position to admit that it is pos-people whose proudest possession into either the development of the sible for the Government to make was a deadly weapon and whose country or out on such loan as mistakes. We do not imply by first instinct way the use of it, will ultimately assist that develop- that that he has thrown the turned into a people contented, ment. There are, of course, those civil service to the lions every moderately industrious.. pro- expenditures on special objects time the latter roared, but be has sperous and maintaining a very such as H.M.S. Malaya and war recognized that they and their proper pride in their race. They time contributions, but these are actions should be amenable to have seen the growth of great entirely abnormal and are not to much the same tests criticism, towns from swamps, the cutting be regretted. In fine, the country and judgment of results as obtain of roads and railways and they is merely in the position of & in ordinary commercial affairs.bave each and all realised that business which instead of dis In short he has looked upon work has been carried out by the tributing dividends has put every Government as a business and country itself, that it has borrow-cent into development and exten- not as a sacrosanct preoccup-ed from none unless from its sion. The business in itself being i tion. If we are wrong in arriv-neighbour the Colony and that it sound, it is only a question of lag at this conviction we can has carried out the old-time boast careful financial reorganization only say that appearances are of the solid British merchant, for a few years before the proper very deceptive. The latest in-that
"it pasy its way profits will be easily available.— stance of this characteristic is It is inevitable with a Singapore Free Preas that of his comment on the continuing civil service living in financial policy of the Federated this atmosphere there should Malay States as shown by his grow and lacrease a desire to: speech in Council at Kuala Lum; carry out still greater works from pur. Sir Laurence very reasor the country's own resources, and ably said that he did not con-fit was hardly to be expected, demo the past policy of paying unless some great obstacle arose. for capital works ont of expendi-that it should be fully realised ture in its entirely, he merely that the fosocial policy so ad- In spite of the recommendation regretted that the policy had been mirably adapted and proper for of Governor-General Wood to the carried beyond safe limits and be the laying of sound foundations Philippine legislature, reinforced seems to have struck a perfectly should, when applied to the erec-by an endorsement by Secretary correct note in that statement. tion of the superstructure, not Weeks of the war department, The non-condemnation, however, prove so zeliable. That, in fact, the nacionalista party advocates deserves rather freer explanation is all that has happened. The the participation of the gover- aud annotation, than he had small business which was pro-ment in private enterprises. The] either the inclination or time to perly developed on s careful party leaders give the hesitancy give to it, and a sbort examina-system of doing what its profits of private capital to enter the tion of the position is worth while could pay for, has grown into the field of business as its reason for at this time. People are apt to big business where, its liabilities having participated and for decid- forget that the Federation is a being increased, it is dangerous ing to continue participating in comparatively youthful plant and to bypothecate all its momentary private enterprises. This stand that the primary establishment profits for the purpose of further of the party was taken the other of official British influence in expansion. In fine the P-M.8 day at the nacionalista convén- the Peninsula only dates about has missed recognizing to great tion when it adopted the follow- as far as the board school policy trash which under he crying provision to be included in of the British Government in the "what has posterity done for usite platform: United Kingdom. No one who The situation has been aggravaty the exploitation by the has read with sympathy and led by the rice loes and the tin government of certain natural anderstanding any of the writings purchases the latter an-under-resources, the nacionalista party of Swettenham or Clifford on the taking from which it appears to has always guided itself by the development of Malaya can avoid us the financial soal of His Excel- following rule of conduct that establishment of certain national of the country, for the conclusion that the progress lency, regole as being scientific when private capital shows itself companies which, after the initial | slready made in mrning into a federation ally unsand finance. But the shy or hesitant in undertaking period has been gone through, of modem states of a must up-taimedrávidida is less a curse" tháir (enterprimis which are of public will be able to give the connky date Kind, a forest jungle, sparsely a bleeslik for it has forced a necessity, the government has the, grášter public services inhabited, the watting ground of true realisation (of the sitastionedasy of undertaking these enter- * Wo sponsor this policy to the mainerons rival chiefs, traversed upon everyone, and has thereby prises «* * measure of public extent consistent with the ro
footpathe only and having ensured a proper reconsideration welfare.
explains the sources and most urgent-
Philippine Politicians in 11W HITEAWAY, LAIDLAW & CO. LTD.
Favour.
in'1]
HONGKONG
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