10:
PASSENGERS.
ARRIVED.
Por sa, More from Jagian, via ports, February 4.Mr. G. Johnson, Mr. 1. K. Hyde, Mr. T. II. Smith, Mir, änd Mrs. S. A. Arthur and child, Mr. P. Conway, Mr. H. F.
Latimer, Mr. F. Hum. Miss D.!
Thompson, Miss Thompson, Master
Thompson, Miss Fell, Mr. J. M. Tenon, Mr. F. B. Gangs, Mr. R. Alexia and Mr. S. Hardvilliers.
GOLD-STANDARD IN ¡
GERMANY.
ITS WORKING FOR TWO YEARS.
In October just, two years had 3. Martin, passed sinco Germany created, in Mr. and Mrs. L., F. Schutt, Mr. A. J. the Reichsmark, a stable currency Atkins, Mr. and Mrs. L. D. Illing which has inspired general con- worth, Miss O. II. Fatt, Mr. G. A. Polhum-Brown, Mr. 1 C. Chu, Milefidence. At the beginning of L. Gianti, Mr. P. H. Ho, Mrs. October 1924, in accordance with the provisions of, the Dawes plan, for the remodelling of the Reichs- bank and the coinage of Gor- For s.. Fulda from Shanghai, Febrmany, the Reichsmark replaced the uary 4-Mr. Johnson, Mr. Schulz, Rentenmark, which had served as Mr. F. Barner, Mr. A. Quelka, Mr. L.
a provisional currency after the Howe, Mr. W. Woo and Mr. S. Pan.
Per as, Patroclus, from Europe via collapse of the paper Mark in the poris February 3.-Mr. D. C. Blsek, storm of the inflation. Since that Miss K. A. 1 Bent, Mr. T. E. Bingham, date the German curreney has Mr. A. B. Carson, Mrs, W. D. Firk constituted a firm foundation for bine, Mr. and Mrs. S. 1ligh, Mr. and the reconstruction of the economie Mravi
Ho Mr. I. E. L Mackay, Mrs. B. M. Murdock, Miss J. H. Mur-system, which had utterly broken dock,
down at the end of 1923, „ ́-
Miss F. M. Murdock, Mr. Noble, Mr. and Mrs. Priestly, Dr. Plancet, Miss Sawbridge, Mr. Stone. Mr. D. B. Tait, Binhop
Voleh, Mrs. Weleli, Dr. Woo
Mr. Cheah Sien Toh, Mr. T. Eawa, Major A. M. Cut bill,
Capt. S.
S. P. Inskip, Lieut. N. M. Barnardistor, Lieut. II. P. Gardham, Lieut. G. Grey, Lieut. Hopkins, Lieut. R. H. Unwin, Lieut. O. A. Watts 2nd Lieut, J.-R. Unwin, 2nd Lieut. f. L. Wight, Major W. P. Crocker, Sister M, R. Casuwoll, Sister E.. A. da Luppe, Mr. and Mrs. N. Baker, Miss A. M. Baker, Miss J. Baker, Mr. H. G. Curran, Miss M. S. Greenhorn, Rev. T. W. Hall, Miss A, M. Maning, Mr. and Mrs. Milroy, Mrs.
The
First, as regards the position of the Reichsbank itself: the gold- reserve increased from 467 million Reichsmarks at the end of 1923, to 1598 million Reichsmarks at the beginning of October 1926. note circulation, which depends on the fluctuations of the markels, rose during the same period from 1941 million R.M. to 3261 million R.M. By law, the notes of the Reichsbank must be covered up t 10 by gold and rood foreign se curities. As a matter of fact, dur-
A. Myers, Mr. A.Olsen, Mr. and Mrs.ing the two years since the Reichs-
A. Pallen, Dr. and Mrs. J. S. Ser-mark, was introduced, the propor geant, Miss N. Turg and Mr. Weis.
DEPARTED.
Por 8. President Jackson for Seattle via ports February 14-Mr. A, G. Maconie, Mr. S. S. T
Mr. and Mr. S. L. Kwok, Mr. E. Jolk, Misn A. Nissim, Mr. S. F. Bomara, Mr. A. G. Bowman, Mr. Chi Tsol-man, Mr. Yip Wai-hing, Mr. F. R. Crane, Mre. M. Elliott, Sister Mary Gemma, Mrs. Horace Campbell, Miss J. Campbell, Mia Minnie Huser, Mr. and Mrs. C F. Paterson, Mixa Peterson, Mr. and Mra, C., G. Trimble, Mr. Edward Trim-
tion covered has been 'on' an aver- age more than 40%. The value of the foreign securities held bv the bark in cover notes amoḥsted at the beginning of October 1926 to 521 million R.M., as compared with 253 million RM at the end of 1924. The chergotle and pry dent financial policy pursued by Dr. Schacht, President of the Reichsbank, in closest touch with the heads of the American and
ble Mr. R. Trimble, Master Kenneth English central Issuing bank hes. Trimble, Father G. O'Donnell, Father Raymond Grace, Father Paul Car-largely contributed to the stability
Mr. A. of the Reichsmark.
ras, Father Bernard Werner, Mr. A.
Stone, Mr. Thus, E. Bingham, Father Under the protection of the new Thos. Tintal, Rear Adm, and Mrs. W. gold-standard, far-reaching chan- H. G. Bullard, Mr. E. Cathomas, Lt.ges have taken place in the Ger John s. Crawford, Mrs. C, P. Jarman, Master A
A. B. Macfarlane, Miss E. mun economic system. Industry. Macfarlane,
Page, Mr. agriculture, and Miss Connie
commerce, em- J.
Saenz, Mrs. Olga Strijewsky, players and workers have male Mr. Koaru Tokieyeda, Mrs. Isabel every effort, in spite of the greal- True, Mr. and Mrs. J. N. de
est difficulties, and especially in
F.
Miss S. H. de Villiers, Sister spite of the most pressing need of
Mr. W. W. Wilson, Mr. H. W. Mr, and Mrs. G. M. Dowaliby, Mr. A
A.
E. Edgecomb, Mrs. Marie Krueger, Mr. E. Mueller and Mr. N. Tulumbiras.
Per
Pres. Taft, for Manila, February 4.--Miss E. V. Ball, Mr.
And
8.8.
capital, to create, out of the wreck.
of the inflation years, a new and ficient economic organization. That has cost enormous sacrifices:
Mrs. A. E. Bartlett, Mr. and Mrs. at the beginning of 1926, the num
C. H. Boyer, Mr. J. K. Butler, Mrs ber of officially declared bank. Crovat, Mrs. Favruptcies rose to over 2000 a month,
Fay.
K W. Brown, Miss D. D.
$,
Comers.
Dean,
Brown, Mr.
Mir M. Dames, as compared with a monthly aver
J. B. Eyestone, Miss Josephine my
stone. Miss Florence Fox, Mr. Court-
ney Goode, Mr. V. Giles, Mr. and Mrs.
age of 800 in 1913...
The necessary participation of
Germany in the world's political
C. N. Hulges, Mr. Frank Hammond, and economic transactions has
M. D. Knapp
Mrs
Master
Luck,
Bruce Kamp Mr. Harold
also made gratifying progress dur- Mrs. E. C. Lobenstine, Master James in the last two years, We need Labenstine Miss 8. C. Lobenstine only mention here her entry into Miss. P. Karabano, Mr. D. B. Mac: the League of Nations, and the Tean, Miss Gertrude Monek, Mrs. Joel conclusion of the International Rubio, Mr. F. Crhell, Mr. Jis Rubio, Steel Pact. Mr. D. Petis, Mr. and Mrs. Jose and infant, Miss Marion Rubio, Lt. T. C. Ryan, Mr. F. L. Robbins, Miss.
But whatever satisfaction may Jean be felt at the revival of German Simmie, Mrs. B. G. Simmie Mir, und economie activities, and therefore E. Van Hof Mr. J. Waddington, the revival of her purchasing and Mrs. Stanley, Fligh Miss Minnie Wilson, Miss Mary Johnson, power in international markets, it Miss Blanche Apple, Misa Virginia would be a mistake to look only at Bachman, Miss Harri
Harriett Halverstatd, the favourable signs of develop Miss Edinn 1 Jones, Miss Edin 1. John son, Rev. Eyestone, Rev. II. II. Welsh meat in Germany, and to think Mr. R. Welch, Mrs, L. II. Oglebay, that there are here no difficulties
Miss
THE HONGKONG TELEGRAPH,
SATURDAY, FEBRUARY
E 1. Welch, Mr. Julin-Garein
rein, to overcome, such as other coun Mrs. J. S. Waddington, Mr. Abella, tries have to contend with. Ger- Mr. B. Josepho,
Josepho, Mr. C. R. Prowrie, Mr. A. B. Carson,niny, too, has, very serious.econ Sister T. Arraina, Sister T. Atondo, umie problems to solve. When we 1. Guerendain, Sister P. Bare are told for instance, that there rencohen, Sister . Goni, Sister C. Pare in Germany, even
now, 14 Ciriza
Sister
1. Freixa, Sister Maria Talastas, Sister A Sulinas, Slater C. million unemployed, we shall be in Matarran, Mr. K. II. Rowland, Mr. no danger of overrating the pro- P. H. Pailing, Sister A Gennetais, Mr.gress nude in German economic,
W. M. Chica,. Mr. P. Chichgar, Mr. reconstruction. But the amount Rufus Knapp and Mr. and Mrs. J. B. of the Simmons.
FOX HUNT ON A MOUNTAIN. HOUNDS DASHED TO PIECES
trade-another export eriterion of national prosperity- also indicates that the former. level is still far from being reach- ed.
The exports in 1923 amount so furto only about 75% of those of OVER PRECIPICE.
the last year before the war. The greatest hindrance to progreas, ig, Pallis Mawr, the 400 ft. pre- however, the German foreign debt. cipice upon the summit of snow. which already amounts to mil- capped Cader Idris, the second liard R.M.: and the payment of highest mountain. InWales, was interest and principal will be a the scene the other day of the ter-heavy burden on the country for mination of what must surely rank years to come. When, in con- as the strangest story in the an- clusion, we mention the reparation nals of fox hunting.
burdens of the Dawes plan, it will.
After "drawing" the base of the" be impossible to doubt that Ger- mountain for some time. the many has still a hard and steep hounds of the Dysynni Valley Fox-road to climb, before her national hounds scented a fox making its existence can be fully restored.- way up the mountain. A remark Dr. Oscer Wingen, of Berlin. able chase followed. Over the
deep gullies and steop chasms one side, and the hounds, missing with which the mountafa la stud- him, wont hurtling over the edge of ded went Reynard; grimly follow. the precipice, two being dashed to ed by hounds and huntsmen. The death and the other two landing chase continued, for several hours upon a projecting ledge. In the until, at last, Pallia Mawr, the confusion that followed the fox summit of the mountain, was doubled in its tracks and got clean reached. Here Reynard halted away. on the edge of the precipice and awaited his pursuers. Four of the hounds were soon on the spot, and, forgetting caution, sprang at the fox Reynard twlated to
In order that the two living dogs could be brought to safety It wan necessary to lower men down the cliff-face by means of ropes, A task which took several hours.
5, 1927.
CLEARANCE
A GREAT BIG MONEY-SAVING EVENT!
SALE!
WHITEAWAYS
WILL COMMENCE ON
MONDAY, February 7th
THE LARGEST AND MOST COMPREHENSIVE
CLEARANCE SALE
OF
GENERAL DRAPERY GOODS
EVER HELD IN HONGKONG.
UNDER INSTRUCTIONS FROM OUR VISITING DIRECTOR
.ON
REDUCTIONS
CLASSES OF GOODS WILL BE
HEAVIER THAN USUAL
Our entire stock has been gone through by our visiting Director from London, and all oddments and remnants thrown out and under his instructions these oddments and remnants must be sold at
OUTRIGHT BARGAIN PRICES.
These special goods will be displayed on tables on the ground floor of our establishment and early comers on Monday morning will secure the pick of these
BLUE TICKET BARGAINS.
REMEMBER, BEST BARGAINS GO FIRST.
SEE WINDOWS.
WHITEAWAY, LAIDLAW & Co., Ltd.
20, Des Voeux Road, Central, Hongkong