COTTON, WHEAT
AND SILVER
July October
LATEST NEW YORK December
QUOTATIONS
Cotton.
THE HONGKONG TELEGRAPH. WEDNESDAY, JUNE 14, 1933.
September Octobor
70%
December
81%
67 0816
Bliver
July
Opening Closing Range Rango 9.25-0.29 0.28.0.28 0.63-9.50 1.52-0.58 9.70-0,71 9.68-0.00 0.79-0.73 9.78-0.77 0.02-0.04 0.02.0.02 10.00-10.09 10.01-10.05 September
Messrs. Swan, Culbertson and Frits have received the following quota- tions on the New York colton and wheat and silver oxchange for yester day.
January March May
Spot
· 9.40
་
Wheat
July
Chicago Winnipeg
771%
04%
"4711*Tosca- Eau de Cologne
"4711 Tosca Compact "4711"Tosca Face Powder
December
30.40 30.00
39.00
Total sales for the day:-
304 Contracts 2,150 Contracts
WORLD CRISIS
(Continued from Pago 0.)
date of issue, or after having once been spent".
of reward for honest endeavour, whe- ther he belongs to the "Haves" or "Have Notas" we have knocked the props, from under all the Black, Brown, Green, and Red Tie,and Shirt Organisations.
FOREIGN POLICY.
goods
ser-
The only currency in circulation is
"In examining the question of our Spending Money, No other form
foreign polley, on the premise that permitted. All purchases and pay-
the era of dealing in debta in draw- ments are made In spending note curing to a close, and will be followed by (700,000 oz.) ((6,475,000 oz.) rency. At all times suficiente vices, and that foreign investments
one of dealing only In rency will be available to cover re- quirements.
in money, leading to economle clice, as they do, on lives of for "Under the system, it will be clear.people, is always a potential political ly ovident, that sponding must quickly danger," it was accepted, as a general commence, and will cause nn int principle, that in the long run, we mediate demand for goods. This, in could not afford to buy more goods -tur, will
create employment,-wagen
than wo
wo old, ***nor could “Wo expect to will be earned, and increased spending self more goods than we bought.
Foreign will follow of necessity, causing a
Trade Board has been greater demand, more employment, created, nicinbers of which have been more wages, a still greater demand, elect
elected from
and by the commercial and an ever increasing traile,, thus on; and Industrial community itself. The to u prosperity never known before, financial part of all foreign transac- "We are looking forward to hear on conducted through this e- tions of and buying, in future, old wheels, which have not turned for partment. years, starting up again. To hear the hum of the shipyards and the whir of
The Fragrant Memory
In her most gloriase moments-of romance. of social glamour-the refined women of to-day uses the enchanting "4711" Tosca Perfume. 1a dellente and distinctive aroma, symbolises 2001 trate and culture in any company—and an all occasions.
Personal charm and Individuality are subtis enhanced by its delightful fragrance. "471 Theca Perfume is never odtruelve; it has the enchat of social refinement.
*
For mildly, there is, tho, the range of exquisite "4711" Tomes Toiletriess the alluring and refreshing "{711" Tosca Eau de Cologne, "4731" Tosca Compart, ani) "6712" Twica Face Powder, stem-each a supreme quality product you will highly appreciate.
All genuine "4711" products are instantly recognized by the numeral "4711" and the famous Blue and Gild Label. ***711" Tosca-Eau de Cologne
Combining the alluring fragrance of "4711" Tomca the delightful freshness of an Eau de Cologne.
"470)" Tona Compact
Ith
"¿711" Tonce Face Powder
For handbag or boudoir, unobtrusive and dainty. Both delicately fragranced with "4711" Town Feriuina.
8471 Josca
PRICES
OF
WAKEFIELD CASTROL MOTOR OILS
HAVE BEEN
REDUCED
AS FROM 15th JUNE, 1933.
WAKEFIELD CASTROL MOTOR OIL gives you the correct
·quantity and quality, It is sold by the Imperial Gallon of approx. 9 lbs, which is the legal measure in the Colony and the innumerable achievements standing to the credit of this aristocrat lubricant are sufficient evidence of its incomparable quality. There are no inferior or alternative grades of Castrol Motor oils. Britain's records on land, sea and in the air were all made Castrol and the oil we sell here is exactly the same as used on these occasions.
Send for Price List and Green Booklet.
ROBERTSON, WILSON & CO.,
LTD.
Agents for
Messrs... C. C. WAKEFIELD & CO., LTD. The All-British Firm of Oil Manufacturers.
on
"A
"It is our desire to avoid the sen- shipping and re-shipping of of gold. Therefore I am
BANKS.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Born! Charter 1218.
HEAD OFFICE|---LONDON,
+
.£3,000,000
HONGKONG AND SHANGHAI BANK- CORPORATION.
Aviberleed. Captial '................................... $20,000,000 Issued and Pully Pald-up in... 26.000.000 {Resiree Fands 1-***
Bling in 8 8,500,000 $10,000,000
Hilver ********
at-up Capital ¡............ Reserve Fund... 8,400,000. Meseren Liahliity of Proprietors 126,000,000 Reserve Liability of Propiators. 8,000,000
AGENCIES AND BRANCHE:)) par
ALON STAR ILOILO
JPOM AMRITSAN
KARACHI BANGKOK
KLANG NAZIVIA DOMBAY CALOUTTA CANTON
WNFORE KUCHINO
Ков KUALA
COLOMDO DELE
A ΠΑΤΡΙΔΟΚΑ
MANILA
MEDAN
the factories. To nee shipping oflices ed to propose that this Con- HAMBURG
HANKOW
LIMPUN
MADRAS
BAIGON BEMARANO
BEREMDAN BETAHUILAT
SINGAPORE
BITIAWAN BOUNABAYA GOURABA
TAIPING
TIENT IN TUNGKAN
NEW YORK TWINGTAO
YOKOYAMA ZAMBOANGA
TEIPING
(Peking)
PENANG
HONGKONG MANGGON
HEAD-017ICE)–MONGIDNG.
BOARD OF DIRECTORS |
·T. 11. Porres, E. Uhairman,
T. X I. Đow. Eng.
"Deputy ChairUMAA,
3. K. Boxinßald, 'Eng (3. Mhhta, Meg A. IL, Compton, E. Hon. Mr. 7. J. B. L. Dodwell, Med.
Peterson.
Men Mr. G. 0. 9. 3. A. Fimmt,
Mack
L. N. MURPHY. Mog. AOTING CHIEF MANAGER
AMOY
BANGKOK
BATAVIA
DOMDAY
busy booking berths, merchants busy taking and delivering orders, and to ference should examine the possibili- experience a general awakening from ties of creating a Central Clearing ARDIN the death-like industrial and com- Bank, where the settlements of all mercial conditions of to-day, to those foreign transactions could be made. of real activity, vitality, and liveliness. It is possible to imagine such a
Foreign Exchange and General and ‘Bank- | CALCUTTA
CANTON "A committee has been set up to operating, so that, if Brely boking baloon transefal
Current Accorat openel and Tized | CHEPOO work out all details, to adjust all an- from Britain, Britain's account at the
Central Bank would carry
Credit Delts received for one year or shorter COLOMEO omalies, and to report upon likely I with Brazil, and if Brazil is unable periode at rates which will be quoted on DAIREN
to
MOCHOW application.
abuses, so that the necessary exfore tion can be put through to enforce the spirit of the system.
"It may be mentioned that in order to obtain control over all wealth creative sources, all existing Govern- ment, foreign, and other investments, will be redeemed, or purchased by the Government in Spending Notes, over a number of years.
"Not much difeulty is anticipated In the working of the system. If necessary, payments may be made on account for commodities before the expiry date of the Notes.
"The Scheme permits the Govern ment to sanely control and regulate production, to calculate and to say what must be retained for productive purposes, for keed as it were, and what proportion for consumable crop.# It prevents the lunatle endeavour of the old system, of trying to use the seed proportion, and plant the crop. It puts the responsibility for pro- sperity on every member of society, and not on to the privileged few, "the Money Barons" of the past.
has П
buy from
but Beltain, similar Credit with U.S.A. and Bri-
tain has a similar debt, with U.S.A., the accounts are adjusted by book.. keeping, and so on.
A. NEHARLET.
Жовдет. Hongkong, 17th November, 1983,
"For the time being, for the pur-
THE YOKOHAMA SPECIE pose of foreign trade, we shall con-
BANK, LIMITED, tinue to use gold as a yardstick of measure for goods and services, but we consider that a more satisfactory Capital (fully yală up) in.... 100,000,000 hasis is desirable and that one can Reserve Pand ........... ........Y. 119,700,000 be found. I an instructed to com- mend the examination of this ques- tien to the deliberations of the Con- ference."
L
HISAD OFFICE:—YOKOHAMA, Branches and Agencies at
Alexandria Ratar erila Bomber
Janeiro
Ban Francisco
Honolulu
Rangood
Karachi
Rio de
Kal Tuen
Kobe
Landon
Los Angular. Manila
"We are prompted to nak for the consideration of this question because of the fact that gold has little direct relationship with true Physical Weal- th. Its utility value is so very low that it is virtually a worthless yellow Detran (palny) Nagasaki metal.
The fact that whether quantities of this yellow metal le hidden in vaults In New York, or hidden in vaults in Lendon, can be of utmost concern, and cause Mass anxiety, or Mass clation, we consider in this enlightened age an insult to common Intelligence.
"An individual is permitted to save
"Neither can we see why the world and accumulate Ro much material should concede the determination of wealth, as he wishes, but not money. its values of wealth to the inconse. Here the first query suggests itself?quential fact of a shortage or an abun- Under this restriction what provision dance of supply of any inert metal. can be made against sickness or old Nor is there any reason in the realni
age.
"The question is easily answered. From the present productive capacity, from new productive methods which are known, and from the unlimited productive possibitillties of the future. when the technicians are freed from the strangling restrictions of pro- Rent-day finance, goods will be avail iable in super-abundance, and we are convinced, that no one need be con- cerned about normal necessities.
DISPLACEMENT OF LABOUR.
of sanity, because of this fact, why the self-same article in one part of the world, must be priced at $4 at one period and $22 a short time after, and that the price should have stability, but should continue to vary daily.
ABANDONMENT OF GOLD.
10
Calcutta Centow Changchun
Fengthen
*Makdan)
Fiamburg
Hankow starbin
Hongkong
Nagoya Newchwang
Seattle Semarang
Briner Sourabaya Ahanghai Shimonemsk
New York
Bingapore
Daka
Tykya
Paris
Tiritain
Peiping
Thingto
Internet allowed un Qurrent Accounts.
Deposits received for fixed perioda at ratou to be obtained on application,
п. мол.. ..
Hongkong. 11th Marca, 1923. -
Manager.
PEKING PROPOSAL.
URGE LOAN'S USE FOR DEMOBILISATION
HAIPHONG
HAMBURG
HANKOW HARDIN
KONUKEW
ILOILO IPOR JOHORE KODE
KOWLOON
DRANUTES tur
KUALA LUMPUR
LONDON
LYONS
MALACCA MANILA
MUAB (JONORKY MURDEN
NEW YORK
PELFING YENANG
RANGOON BAIGON
SAN VILANGTBOO SHANGILAT BINGAPORE
BQURABAYA
SUNGHI PATANI TIENTBIN
ΤΟΚΥΟ TSINGTAO
YOKOHAMA
Current Accounts opened in Local Our rency and Fixed Deposits rvostred for 2 or shorter periods in Local Currahız and Sterling on serme which will be, global on application.
Hongkong, 25th April, 1983.
HONGKONG SAVINGS BANK.
The Dolness of the above Dank, ta· 1000 ducted by the SIONGXONO' AND BUANG- HAI DANKING CORPORATION. Makes may be obtained on application.
FOR THE HONGKONG AND SHANGHAI BANKING CORPORATION.
L. N. MURPET,{ Acting Chief Manage.
Hongkong, 28th April, 1992;
THE BANK OF CANTON. LIMITED.
KUTATLIRED. 191%.
Head Office:-Hongkong.
Authorleed Capital.
Paid-up" Capital
BILANOTIES
811,000,000
1.850,406
1,160.000
Cartes, banghal, Haskow, twakow, Bangkok, New York und der Frei-
100.
ONDON BRANCHES 400, 2
The Lloyd's Band, Lbalad. Cerrarpondenta fu all the primalyaj kitiem
the world.
Foreign Exchange and Banking kaelsens oë.
Peking, June 10. The Peking Chamber of Com- "We suggest the complete abandon-merco has issued a circular tole- ment of gold, together with its in-gram suggesting that the Governor
and absurdities, and that ment devote part of the G$50,000,- consideration be given to a basis, non molles proceeds to the every description drometal. which has
direct relationship to disbandment of troops. Public
We recommend goods and services. as a basin the unit of Energy. But bodles throughout the country are the United urged to support, this proposal.- forward by a group in States, designating themselves the Reuter. Technocrats.
"It is anticipated that the impro- ving methods of production by the substitution of mechanical energy will continue to displace human labour.
- In-every-1
form_of_goods_and_ser- This will enable nost Workers to re-i tire from organised work at a com- vices, Energy is a component.
ergy has almost the same cost value early age.
elec- ry Insurance chemes all over the world, especially have been inaugurated which will per-trical energy. We recognise that a mit a man to have adequate provision perfect yardstick of measure, for our In case of sickness and to retire on an respective commodities, for exchange income equivalent to his previous purposes, is not possible; but we con- average yearly
carnings. Under sider that an Energy basis would the most accurate of all
these conditions there are no legiti- provide means. At the least,
Jimmy's
·1, D'Aguilar Street.
it
mato reasons why money should be would have some sensible relation to saved. The salvation of prosperity is would circulation of money.
commodities. It would practically eliminate questions of rates of ex- changes, and price variations would In Hympathy with real commodity and demand
values.
It is expected that immediately the Schene begins to operate a terrific leand presents been taken of the
into prosperity will be made. fact that when a man is
In closing, it might be said that suddenly re- Hoved of life's two greatest mental in deciding to act promptly and in- burdens-the provision against rainy dependently, my Government's
con-
the
the
day and old age-reactions are likely cern was an apprehension of to be severe. We expect from some psychological effect of the persistent minds so released, now expressions of and illogical cry for increased Price
and Levels at the very time when activity for the advancement benefit of mankind. We also expect, people's purchasing power was being on the other hand, cases of extreme constantly reduced. In this cry, to there seems to be abuse of this newfound wealth.
mind, "A strong Social Committee been created to attend to these mat- tors and for opening up new channels of activity.
the
has practical purpose other than to:
satisfy some abstruse theory.
price
"In direct op to a cry for
increased
WO consider "I need not dilate further on this that real and genuine prosperity can phase of our economic change but in only be reached through a louder ery passing, I would like to say that we for lower, and still lower, price levels.: (To-morrow, Mr. Cope, in his final feel that by giving every man a fair chanco to wealth, and an opportunity article, formulates his conclusions.)
Neglected Colds are Dangerousl
Don't wait! Rub MENTHOLATUM freely on his little chest and put some in his nostrils to open them up and make breathing easier. Its delightfully cooling and soothing effect will help bring restful sleep, and its heal ing properties relieve congestion and lessen the danger of complications.
Always keep MENTHOLATUM on hand for mis haps. Used for years in the treatment of burns, scalds, cuts, bruises, etc. Your druggist carries it,
Bud Depos Desalom minor) af a
LOOK POONG MÉLAN,
atal from 15 te 883
MASSAGE.
Mr. & Mrs. Y. Mori. Holder of Japanese Government Licence.
Cares Sprained Ankles and Walls, Recommended for many JAN 20 Meetors mayd Doen Flowpital
4. Wyndham Street 41st floor), Tel. No. 26051.
THE
HONG KONG
PENINSULA HOTEL;
HONGKONG, HOTEL; REPULSE BAY HOTEL;
PEAK HOTEL
& SHANGHAI
ASTOR HOUSE; PALACE HOTEL:
HOTELS
LIMITED.
In association with the Grand Hotel des Wagons Lits, Peking
first class
Hotel
Penang
The Scenic Gem of Malaya
Modern throughout and beautifully
Situated,
Runnymede Hotel
Malaya's Premier Hotel: Food and Wines especially
good.
AFTER-DINNER DANCE
Every Thursday & Saturday Orchestra Dally.
CAILES "RUNNYMIDE" BUNNYMEDI /HOTEL, LYD,