AT
THE HONGKONG DISPENSARY
A Clearance Sale of Bathing Caps and Shoes in The Very Latest Shapes and Designs.
THE HONGKONG TELEGRAPH, THURSDAY, SEPTEMBER 24, 1931.
Selling at Cost Price!
BATHING CAPS $1-50 BATHING SHOES $1-00-
A. S. Watson & Co., Ltd.
ESTABLISHED 1841
"H" Have you Received
·
a
of copy
Our
M. Record Catalogue
RECOKAS
No. 10.
If not please 'phone us--we are offering you very attrac-
tivo discounts and the
catalogue containa selections
of unusual interest.
S. Moutrie & Co., Ltd.
Chater Road
"H"
M
R
E
KHOOKAS
OUTSTANDING VALUE
in Men's All Fur
FELT HATS
IN SNAP BRIM STYLE, THESE- ALL FUR FELT HATS REPRESENT THE FINEST VALUE OBTAINABLE
$19.50
GREY BROWNS - FAWNS.
Lane, Crawford, Ltd.
Men's Wear Stylists,
in the struggle as grimly pictured by our correspondent. Equally,
tain's departure from the gold
WATCH THIS AD. there in the possibility that Bri- DAILY FOR GOOD standard will bring selfish-in- AUTO VALUE
ARMSTRONG-SIDDELEY G. cyl.-16 h.p. 6-Pass. TOURING CAR-MAROON UNDER 1,000 Miles-IN PERFECT CONDI- TION
PRICE HK$2,500,
I
CADILLAC MODEL 61-V8 7- pasa, TOURING CAR-SPECIAL BODY completely equipped and in EXCELLENT CONDI TION LESS than 41,000 Miles.
PRICE NIK$2,600,
CADILLAC MODEL 61–V8 CAR 7-pass. TOURING STANDARD BODY-STAND- ARD EQUIPMENT-IN VERY GOOD CONDITION
PRICE HK$1,200.
CHEVROLET STANDARD SEDAN NEW 1931 MODEL-- G WIRE WHEELS-SPARE TIRE & TUBE GREEN OR BLUE,
PRICE HK$3,610.
VEHICLES MAY BE INSPECTED AT OUR STUBBS ROAD GARAGE THE HONGKONG HOTEL GARAGE.
The Hongkong & Shaabai Mubels, LtQ Incorporated is Heughang. 35, Ken's Bond O. and Stubbs Hond
DEATH.
ROSARIO.—On September 24th, 1931, at his realdence, at St. Joseph's Building,
Antônio ,Polycarpo Rosario, beloved husband Marla Sequeira Rosario. Funeral will pass the Monument to-day at 5.10 p.m. (Macno and Shanghal papers please copy).
ACKNOWLEDGMENT.
the
DAY BY DAY
ADVICE IS SELDOM WELCOME; AND THOSE WHO WANT IT THE MOST, AL- WAYS LIKE IT LEAST.-Lord Chester-
The P, and O. 8.a. Kalyan, from Shanghat, I due here at 7 a.m. on Friday.
and
upon
AMERICA in the
-By-
A.J.Cummings, BLIZZARD.
HERE aro IU
(in the Nows-Chronicle)
nol
terests to their senses. They may yet draw back from the brink of the diaanter towards which they | field. have been heading full polt. An international monetary conference may be called in order to avoid a wrecking clash of interests.
Three mon, one of whom was armed Is it safe, however, to leave with a revolver, entered 347, Lai Chi
constructive Schemes That Went Wrong. anything to chanco in a matter of Kok Road this morning, and, kolding,
up Leung Chin-man, a married woman, lessons of any real Import- such vital importance to the Em-stole a quantity of money
For those people cheaper food ance that America has to teach and the lowered cost of living, pire? This, we imagine, is the jewellery,
Great Britain in the economic de- which is still falling, has moar question which prompted Mr. X
American little or nothing. For they have A child, 18 months old, was taken pression under which to make his proposal for pegging to the Government Civil Hospital by morale is severely wilting. literally nothing. They do
Looking back during a brior apply to the local charities. They dollar to sterling. It is a
its parents yesterday suffering from Injuries to its head caused by falling respite upon my intensivo survey depend on the kindness of friends suggestion which must not lightly on n spittoon in the house at 15, of the great industrial contres and and relatives in some instances be dismissed. A storm of eril Catchick-Street--
innumerable discussions and in others on such credit n with American bankers, econo- they can command from the local cism may be aroused. Exchange
Accidentally falling into the har-mists, eminent industrial lenders, traders. speculators-brokers and banka bour at Connaught Road West, a man newspaper magnates, politicians Harassed-looking business mon included-will assuredly pour the named Chan Tal, who was subsequent from President Hoover down-have denied emphatically in my
ly rescued, was sent to the Govern-1
I hearing that the instalmont pur- icient of cold water upon it. Hong-ment Civil Hospital suffering from wards-and ordinary citizens,
make that statement without chase system has falled under the kong is too closely allied to China the effects of his immersion.
hesitation or reserve.
stress. to divorce taulf from the silver
What have we to learn from I know botter. In our report in yesterday's issue of) standard until China does likewise, In boatman being fined $15 or two the absurts official pretence main- In largo numbers of cases pay-
weeks Imprisonment for having had tained until the Government be- ments have continued on
radios, We have heard this before. We an unauthorized number on his boat, it came a public laughing stock-planos, motor-cars, refrigerators/ shall hear it again. But what is should have been, stated that the that the depression was an lu- and other luxuries already pur- the opinion of the Government and net burnt in, as stated.
number was printed on the vessel, and sion or, alternatively, that it had chased. But the people are
already ended or would end "in making no more purchases, the ordinary member of the public?
sixty days"?
I have in front of me the print- We noticed with some surprise
What have we to learn from the ed announcement that the furnl- that many residents hailed with police report this morning. This is hysterical panic which overwhelm ture industry has abandoned its dollars national glee the depreciation of the pound, to the effect that a fireman of the ed all classes when the bubble of four-million
home-furnishing programme of It had apparently increased the Kowloon Fire Brigade, named Wong optimism burst into thin air?
From the blundering, Fat, attempted to take his lifa by
wasteful advertising and salesmanship be value of the dollar and they en-swallowing à polico whistle!
antiquated methods of trying to cause of "lamentable conditions keep millions of unemployed per- of business generally and the visaged a reduction in the cost of
and their familles
from furniture industry in particular." living. In point of fact, nothing the Hon. Commdr. Hole, at the Muring starving in the midst of plenty? It was to have been a four-year
"First furnish
Something novel in the way of at- tempted suicides la mentioned in a
Three boatmen wero charged before sons
is farther from the truth. While Court this morning, with having their From the frantic, uneo-programme, built on the campaign
craft inshore at the Cheung Chau ordinated attempts to cut down the slogan:
your the Hongkong dollar has risen ingery Wharf, and on admitting the production of the ncesssaries of home." terms of ateriing, it has dropped offence were each fined $10 or in de- life and to stabilise prices by That is all over and 16 per cont. of the original manufactur- decree? heavily in terms of gold. Cross fault one week's imprisonment, rates with New York, Paris, Berlin,
From the collapso, when put to ing and retailing subscribers to During a rowing excursion in tho
the supreme test, of mass the campaign have since gone Manila, of Yokohama,
Bangkok, harbour a boatwoman who was out
super-salesmanship, bankrupt! with her husband in a dinghy acci-production, The Saigon and Batavin have gone
"scientific" distribution, instal- I have been assured also`sgala dentally fell overboard und disappear-
report of the ment purchase on a "nation-wide" and again that the Government heavily against the Colony, Comed. In making a
tragedy the husband told the police senie, and all the other cute pros-relief work plans are going well, modities from these centres will that he took his wife for a row at perity devices which were to defy Yet, at the end of two years, only cost more. On Tuesday $100 Mex. 7 a.m. yesterday,
all economic bizzards all the 60 of these 750 highsounding world over for all time?
official projects have been como- would have purchased G$24. To-
Entrusted with a sum of 540 which From the muddled ideas of pleted; at a cost of 25 million Mrs. L. J. Noronha and family beg day, the buyer might obtain G$21,-ho was to have taken to the Cheung statesmanship, the confusion of dollars of the 463 million svall- friends and relatives who attended the 50. Only in respect of imports Chaung Street, a foki of the Yim San, and the absence of any practical neither the architests plans nor Hing Knitting Factory of Nam counsel, the lack of leadership able; and for most, of the rest funeral of her late husband and for from Britain ($5,000,000 Inst Dyeing Shop, of Yu Chow Street, is the floral tributer sent."
a prolonged the contracts are oven in sight.
to tender their sincere thanks to all
The
Hongkong Telegraph.
THURSDAY, SEPTEMBER 24, 1931.
THE DOLLAR AND STERLING.
the
criats?
The Gamblers.
A poor look-out, therofore, for the unemployed in the coming winter. Most local and charit-
month) is there likely to be a ten-reported to have disappeared with plans for meeting
the money. His master, Chan Pak-siu, dency towards falling prices. has reported the theft to the police. Trade with China, amounting to,
Both hands of a coolle employed at Let us be frank and say that able funds are exhausted; and roughly, $16,000,000 last month, the Green Island Cement Company's such lessons as may be learned the Government remains uneaally will be unaffected. But the office, at Hungham, were severed at from these and other elements in Passive in the face of insistent Colony's total imports last month the wrists yesterday whilst the man the situation are chiefly for the demands from town after town was putting on a pulley belt. He benefit of the American people. and State after State for adequate were valued 360,000,000 and as-slipped and was caught by the gearing They have gambled and gambled federal assistance.
of the machinery. He was imme- suming August to have repre-
diately rushed to
Kowloon and gambled on the assumption
Reproaches. : sented a normal average of trade Hospital for treatment,
fal unahakable prosperity. Only their immense resources and Who can any whether, and, if dealing with the various countries, it becomes clear that two-thirds of tion (Mr. H. Somerset Filzroy) and them in this emergency from utter people
Owing to counsel for the prosecu. reserve of wealth could have saved so in what manner, the American will profit by their dramatic disillusionment? There The provocative suggestion, our imports come from countries Counsel for the defence (Mr. Hin- ruin.
shing Lo being engaged at tho Our own plight is bad enough fajia much searching of heart and featured in our last night's issue, with whom exchange has reacted Criminal Sessions, the decision in the all concience, financially and in- a great deal of bitter recrimina- that Hongkong's exchange should to our detriment. The net result Sincere Company's "free day pur-dustrially. If we had indulged tion. They call one another and- be pegged to sterling, inevitably of the fall in sterling, therefore, ischae summons was adjourned by in the orgy of speculation which themselves dreadful names. They Mr. Williams at the Central Police nflicted for so long every race, complain that the nation is like Court this morning until Saturday. more likely to be an increase in monopoly among
class and type in the land, from the wartime -American army-ari topics of conversation. The last the cost of living than
white millionaires to negro army of llons led by asses. The staff of the Advertising and waiters, we should have disappear
they thing expected by the community trary. It is equally obvious that Publicity Bureau has
We build tabornacketeers; say, "for our religious Colony, thened by the arrival of an artist, ed as a world economic unit. an outcome of Britain's aban- many residents of the
Mes Elan Shearer. The Bureau's When I was in Chicago I heard we let ourselves bo swindled out diment of the gold standard was whose salaries are subject to ster-hudinces has expanded greatly, and some shocking stories of old of a billion dollars a year in a proposal, as distinct from any ling exchange fluctuation, the concern has offices in London, people who had put every penny phony stocks; we have the beat Malaya and Hongkong, and affiliations of their savings into the real radios and the dumbest radio pro- sort of possibility, that the time destined-provided there is no
in Shanghai, Tientsin, Harbin, Sydney estate market and other fictitious rammes in civilisation; the best might be considered propitious for dramatic recovery of sterling-to and New York. The addition of an- values and now own nothing but automobiles and the fewest park. the stabilisation of the dollar in be hard hit. The conditions of the furth cable artist to the staff is a the clother they wear and a few ing places; the highest paid act
assurance that the art of terms of pounds, shillings
will attractive advertising, so highly de- pieces of furniture. Such storica resses and the stupidest moving and moment suggest that they
of pictures. suffer reductions in salary while veloped in other countries, is to in- could be multiplied by tena
cludo Hongkong among its fidide. thousands.
"We go nuts pence. To say that it came as a
ovor Rudolph Valentino, Lindbergh,. Rudy Val- surprise rather understates the any decrense In the cost of British
lee, Gertrude Ederio. We chew cent. of the actuality. Moreover, our epura- goods-eight por
gum. Wo spit. We chase dollars. We let the Capones and the geous correspondent goes a great whale of the Colony's importations
Diamonds make fortunes. We He urges the move will be more than offset by in-
think like comic stripe and talk creases in other foreign commodity
like cheap phonographs. prices.
established
deal further.
it
as a means, in a small way, per- haps, of assisting the Old Country
the con-
tre
In these circumstances, there is
to weather the financial storms of the months ahead. He deals with much attractiveness in the aug- vastly bigger isauce than Hong-gestion that we pin our fortunes to those of Great Britain. We may
kong's dollar quotations, which are
Whether it can truly be said that such a campaign is already
quito incidental to the world pro-lend surne ansistance. It is con- blem of achloving economic stabi.ceivable, us our correspondent ar- lity. This he belleves will de-gues, that the step would protect pend upon the auccess of a free British trade in the Far East. At Paper (commodity) standard in a least, the harassed British expor bitter battle with the metallic ter when dealing with Hongkong standards for supremacy in mone-would knew exactly where he stood tary structures.
as regards exchange. Further- that more it is difficult to see Hongkong has anything material to lose. We are saddled with the about our cara is, of course,
influence of sterling in any event. matter of opinion. The United The chaotic nature of exchanges States and France have cornered demonstrates that sufficiently. One the world's supply of gold but stabilising factor might do all tho London troely admits the generous good possible in the local situation. assistance given, in the darkest We seem likely to lose both ways hours of the criale, in the inoffee at present. A sterling-based dol- tual attempt to hold sterling to one of them. If sterling rises and lar might mean steering clear of gold parity. It may be that the dollar is based upon it, the dol- France and America helped to lar will rise also-in terms of gold. avert the financial war. It may be In present circumstances, K that Britain, forced off the gold sterling appreciates the dollar.will would al- drop heavily. Thore standard, will be obliged, willing ways be fluctuations in forelga ly or unwillingly in her own in- exchanges other then sterling. terests, to mobilise all her re Cannot our speculators find sport sources in order to force a docision Tenough in theso particular fields?
been streng-
"You're always kidding me about not going with the. girls, -If I had one with mo now I could only have one
malted milk instead of two,"
Wo let ourselves be gypped by high tariffs and low politics. Wo get all hot and bothered because the League of Nations is at Genova and the British have a DAVY
We think we can lick the work and we've never picked fight with anyone our own sizo.” And to crown all..."two years of business depression, of unemploy mont, of wage cuts, of books bursting like popcorns, of veterans playing catch-as-catch-can with the Treasury, manufacturers play- ing leap frog with the tariff, and politicians playing squat tag with public office; two years of yelp. ing at Soviet dumping, of gov ernment millions sunk in tons of wheat that can't be sold at ́s profit, of misery in the midst of plenty of poverty and despair In the richest country in the world." There is the true note of baffled. ironic resentment. It is a now note in America.
That is how many Americans now write, and how others talk to me, though they don't all talk like that "for publication."
The Resilience of America. Does it signify impending changes of major consequence? Who shall say? From the scores. of social theories, new and old, now being propounded by wins and foolish mon, a generalživo" day week for lábade, and sons | systematic form of unemployment (Continued on Page: 73