THE HONGKONG TELEGRAPH,
TUESDAY,
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1000
1000
0020
GOO
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30
AT
HONGKONG TELEPHONE COMPANY, LIMITED.
MIDNIGHT on 3rd. MAY, 1930
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1000
The New Automatic Telephone System will come into Operation.
STOP USING YOUR MAGNETO TELEPHONE
AT 11.45 p.m. ON 3rd MAY!
Do not use your telephone at all between II.45 p.m. and 12 Midnight on 3rd. MAY as the Change-Over will then be in progress.
AFTER MIDNIGHT
ON
3rd MAY,
You must use your Dial
1000
when making
Telephone
calls.
IF YOUR TELEPHONE HAS A GENERA- TOR HANDLE AS WELL AS A DIAL DO NOT TURN THE HANDLE!
USE THE DIAL ONLY!
The new automatic telephone numbers will be found in heavy print in the second column on each page of the Telephone Directory.
REMEMBER!
Your automatic telephone will be of no service- UNLESS YOU KNOW HOW TO USE IT!
Call now at the Company's Office, 4th floor, Exchange Building, and-
ASK FOR A DEMONSTRATION.
Read the instructions contained in the Section of The Orange Coloured
Telephone Directory.
000
APRIL 29, 1930..
HONGKONG CURRENCY
PROBLEM.
VIEWS ON QUESTION OF STABILIZATION,
The following communique has been issued to the Pross by the Currency Committee:
Mr. Paterson thought that a silver currency was the most ad vantageous for the trade of the Colony, as Hongkong being a tran- eit and not a producing centre must follow China in this respect. It was not desirable to stabilisa artificially the sterling value of the silver dollar. If Hongkong adopted a gold basis whilst China remained on a silver basis-and he could see no immediate prospect of any change to a gold basis in China- business would be driven to China. The interests of sterling-paid em ployees must be subsidiary to trade. The unsatisfactory feature of the present currency was the pre- mium, and the remedy for this might be to diminish deposits in the Colony by reducing the rate of interest. Though the premium might not affect the rate of wages Hald locally it was harmful as being against the interests of firms with Head Offices in-Hongkong to which made from remittances wero Shanghai. Mr. Paterson said that he thought the premium assisted in regard to imports for local sump ion and adversely affected ex- ports of which, however, at present, premium were few. The
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0
600
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con-
there might affect transit cargo insofar as it raised handling charges. He could assign no cause for the pre- mium.
cular
business
The Gold Standard, Mr. Dyer thought the present currency based on a silver dollar which fluctuated in value dig-
to his advantageous
parti- because ster ling prices for contracts kept varying. The present low dollar, however, assisted local shipbuilders in competing with other ports. Â remedy for the present unsatis- factory situation would be the adoption of à gold standard pro- vided China also adopted it at the Eame time. The pretium leading an it did to a dial currency was detrimental and the remedy in his opinion was for Government to issue notes in place of the banks. He favoured stability at about 1/9d if this could be done without great loss to Government. Mr. Dyer agreed that, a high rate of exchange was not so advantageous to shipbuilding in the Colony as a low rate because the cost of labour exceeded that of material.
The meeting recorded its thanks to the Hon. Mr. Paterson and Mr. Dyer for their attendance,
AUTOMATIC PHONES.
SOME MORE ADVICE TO SUBSCRIBERS.
new
Milk
is only milk
But Milkmaid Evaporated Milk is anything between milk and cream-just as you like. If you want ordinary milk, you add a good pro- portion of water; if you want very creamy milk you add less water. Very simple and very convenient too. Makes delicious milk puddings.
The old magneto telephones which have given service, for years under manual working will soon be useless for making calls as these Instruments will not function on the new Automatic System which will be inaugurated at midnight on 3rd May, in order to maintain service under the old system up to the time of change-over and yet allow subscribers to use immediately the automatic system from the moment of change-over, the old telephones cannot be dissociated from the lines until after the new system is operating. These old magneto telephones can, however, cause considerable trouble on the automatie system if subscribers do not entirely disregard them as the turning of the generator handles would have the effect of sending traina of false Impulses into the automatic switches. After mid- night on 3rd May subscribers should speak on their automatic telephones only-using the dial for calling and leave their magneto telephones severely alone until the Telephone Company have been able to take all the old instruments away, There are some 13,000 tele- phones involved so it will be ap- preciated that they cannot all be recovered in a day but we under- stand the Company's arrangements for recovery provide for intensive work on this branch immediately following the change-over.
When using the new automatic telephones, the receiver switch-hook should not be touched during a'call as otherwise the connexion will be broken down and the call will re- quire to be re-established in the usual way.
Furthermore, it is of interest and importance to note that if the dial is pulled round ever so slightly during conversation the speaking circuit will be interrupted and con- versation will not be possible.
FLYING TOURISTS
RETURN.
BRITISH PARTY WHO SPENT A NOVEL EASTER.
**London, Apr. 28. The main body of air tourists who spent Easter over the Con- tinent have returned to Heston."
These private owners oylight planes covered three thousand miles since setting out on April 17, at an average cost for fuel of £20. They visited six capitals and numerous other places-Reuter.
MILKMAID
EVAPORATED MIL
Milkmaid Evaporated Milk i jet fall." daizymk
cres
conpentrated to the consistency of Cras ---nothing whatever is
added to it.
MILKMAID
UNSWEETENED
EVAPORATED MILK
Prepared by Nestles.
When Do You Start?
THE
Chinese say a journey of a thousand miles commences with a single step. Financial independence for later years begins with one single step:-Thrift. Let us show you how-to start with a Double
Maturity Endowment maturing at age 60
or upwards.
Enquire to-day
THE
MANUFACTURERS LIFE
INSURANCE COMPANY
HEAD OFFICE
TORONTO, CANADA.
Special Representative Mr. E. J. R, MITCHELL
Agents:
ARNHOLD & CO., LTD.
French Bank Building, Hongkong. Tel. C. 160.-
Upper Levels
Selected Grade Lump Coal
$21.-per-ton
Mid-Leval: Central District Kowloon
$20.
$19.
$21,
Best Household Nuts.
(For Kitchen Use)
Upper Levels
Mid-Level .... Central District Kowloon
Terms: Cash with order. Minimum Quantity: One tod,
$19.50 per ton
$18.50
$17.50
$19.50
ARNHOLD & CO, LTD,
French Bank Building.
Queen's Road, Central