1920-06-05 — Page 3

SATURDAY, JUNE 5, 1920,

Hughes & Hough

AUCTIONMERS TO THE 'GOVERNMENT

General Auctioneers Share, Coal and General Produce Brokärs and Commission' Agents.

PROPRIETORS "To-Ewa-Wan* Goal Storage.

Oodes used

Faatler's

"

4th & 5th Editions.

A1 Telegraphic Code.

Telegraphic Addr

*#LIKION* BONGKONG,

-PUBLIC AUCTIONS-

Undersigned hare

- WANT ADVERTISEMENTS

25 WORDS 3 INSERTIONS, ́$1. PREPAID. Every additional word & Cente

for 3 insertions.

WANTED.

WANTED—An Experienced BOOK- YY KEEPER capable of undertaking expert business is open to engagement. Apply Box 1201 co "China Mail."

LOST.

OSTA: the Peak, a small Black &

White JAPANESE POODLE Answers to the name of "TODDLES Finder will be Rewarded. Bor No. 1200, of CHINA MAIL"

TO, LET.

I sárnctions to sell by Public AuctionTO LETA SEOP in Nathan Road,

(Fer Account of the Concerned)

ON

WEDNESDAY, Jane 9, 1920, commencing at 230 Fm, at their Sales Rooms, No. 8 Die Verar Road, Corner of Ice House Street,

A Small Consignment of WHITE GOODS, &c., &c.,

Comprising:

Kexloon.

Apply to Humphreys Estate & Finance Co Ltd., Alexandra Buildings

INTIMATIONS.

HONGKONG CRICKET CLUB..

TENNIS TOURNAMENT.

CHAMPIONSHIP SINGLES, CHALLENGE ROUXT',

3. W. LO v. KG SZE KWONG.

Pillow Cases, White Satin Quilts. Turkish Towels, Bath Towels, Bath Sheets, Double Bed Sheets, Battenberg. and Drawnwork Bedspreads, Table Covers, Crochet and Drawnworks match, weither & ground per- Doilies, Table Cloths, Lizen Damask DAY, 7th Juze at 4.30 P.. Serviettes,

Also

A few lots of Bellow Valises, Kit Bags, Suit Cases, and Attache Cases.

And

Two Pairs Prismatic Binoculars. (All new goods and in small lots.) TIME:-Cash.

HUGHES & HOUGH,

· Auctionesss. Hongkong, June 2, 1920.

#

(FOR ACCOUNT OF THE CONCERNED),

од

"

WEDNESDAY, June 9, 1990, commencing at 2.30 pm, at their Sales Bocmej No. 8, Des Voeux Road, Corner of

Ice House Street,

TEAKWOOD AND BLACKWOOD FURNI TURE, BRASS AND BRASS-MOUNTED BEDSTEADS, TEAKWOOD TWIN BEDSTEADS, CARPETS, &c., &c. comprising:-

Chesterfield Fofia, Arm-chairs (new), Folding Card and Occasional Tables, One Upholstered Suite, Bedroom Furniture, comprising: Teakwood Twin Bedsteads, arge and small Wardrobes, Dressing Tables, and Chairs, Washstands,

(fumed Tookwood), Side- boards, Dinner Taggons Extension Dia- ing Tables and Chairs, &c. Dinner Bervices, Crockery, and Glass Ware, "Cooking Stoves, Cutlery, &c., Bathi Boom Utensils, Electro-Plated Fare,

Electric Pending Lamps, Blackwood · and Teakwood Screens, a quantity of Blackwood Furniture, Blackwood Fire, Screens, Side. Tables, Chairs, Cabinets, Pictures,Carpets new and second-band..

Also

:

One Good Piano, One Enamelled Bath, Camera, American Ice Chest, 14&c, &c.,

(Pali Particetare from Catalogue): Terres --Cash.

FUGHES & HOUGH, Auctioneers.

Hongkong, June 2, 1990.

NOTICES TO CONSIGNERS .

"BEN" LINE OF STEAMERS,

From ANTWERP, MIDDLESBRO. LONDON AND STRAITS.

HE Steamship

THE

"BENVORLICH,"

CONSIGNEES of Cargo are hereby informed that all Goods are being landed as their risk into the hazardous and/or extra hazardous Godowns of the Hongkong and Kowloon Wharf and Godown Co., Ltd, whence and/or from the wharves delivery my ba obtained,

No Claims will be admitted after the Goode have left the Godowns, and all Goode remaining undelivered after the Sth inst, will be subject to rent.

All claims against the Steamer must be presented to the Undersigned en or before the 14th inet,, or they will not be recognized,

A broken, chafed and damaged Goods are to be left in the GodowEK, where they will be examined on the 6th last 10

No Fire Insurance has been effected. Bills di Lading will be countersign-

GIBB, LIVINGSTON & CO.

Agente. Hongkong, June 1, 1920,

|

mitting, will be played on MON-

Prizes won during the tournament will be presented after the match,

Hengkong, Jane 4, 1920.

REPULSE BAY HOTEL.

TO-DAY SATURDAY, June 5th."

"TEA DANSANT from 4 to 7. P.M. DINNER DANCE from S T.M.·'

SUNDAY, June 6‹b.

ORCHESTRAL CONCERTS

during

TIFFIN and AFTERNOON.

ון

FLYING-

¿

SATURDAY AND SUNDAY, Each Day Commencing at 230 p.ni

Tickets for fights and full particulars may be obtained at the Hongkong Hotel Main Office, or at Repulse Bay Hotel.

INSURANCE: Personal accident Insurance can be effected at the time of Booking covering all risks whilst Flying. Rates including benefits from $5.00 covering $2,500, to $50-covering $25,000.

Intending passengers should bring their own dust coats or Mackintoshes. Caps and Goggles will be obtainable at the Repulse Bay Hotel.

» J. H. TAGGART,

Hanager.

NATIONAL

1920 CREDIT 5% UNDER THE GUARANTEE OF THE FRENCH GOVERNMENT.

THE Local Manager of the BANQUE

-INDUSTRIELLE DE

CHINE begs to inform the Public that sub- .scriptions for above French Loan are opened to-day in its office, 5 Chater Road, and will be closed on the 20th of June, at 12 noon.

5% Premium Bonds of Frs. 500 each are issued at the price of

Frs. 485.--only.

Interest at 5% will run from the 15th of June.

The Bonds are non-convectible be fore 1940 and redeemable in 75 years

by means of drawings" (EIGHT DRAWINGS A YEAR). purporting yearly Frs. 20,000,000.-the first prize of each being

ONE MILLION FRANCS

ROUET DE JOURNEL, .. Manager. Hongkong, June 2, 1920,

Just arrived

a large assortment of FILTERS

Li Gallons up to 4 gallons

C. E. WARREN & CO., LTD.

Nos. 30 & 31 Des Voeux Bond Central Established Toro

THE CHINA MAIL.

DrJ.Collis Browne's

Chlorodyne

THE ORIGINAL AND ONLY GENUINE.

The Box Randy known for

COUGHS, COLDS,

ASTHMA,

BRONCHITIS.

Acts like charm in

DIARRHEA, DYSENTERY, and CHOLERA

The Most valuabie Remedy ever discovered. Effectually be short all attacks of BPASME. Checks and arrests those ten often fatal disenage—

FEVER, OROUP, AQUE

The only Palšative in

NEURALGIA, GOUT, RHEUMATISM, TOOTHACHE, Chlorodyne is a liquid taken in drops, graduated according to the malady. It invariable relieves pain of whatever kind; creates a calm refreshing sleep; alloys iritation of the nervous system when all other remedies fil; wares no bad trects, and can be taken when no other medicine can be tolerated

* CONVINCING MEDICAL TESTIMONY WITH EACH BOTTLE.

Name Gensler without the words Dr. J. Calls Swyn's Chlenézne w cie Stems.

Sold by sul Chemists.

Prices in England,

1/13, 2/9, 4/5.

FURNITURE.

... CONTRACTS SOLICITED FOR ECUBES, OFFICES, . HOTELS & SHOPS,

BRASS AND IRON

UPHOLSTERY. BEDSTEADS, ELECTRO-PLATED WARE, GLASSWARE, CROCKERY, HIGH-CLASS TEAKWOOD & BLACKWOOD FURNITURE.

CHEONG LEE & CO.

TEL. No: 801. CABLE ADDRESS

· ' HEAD Ornice, 65, Qrus's Foan ÜENTRAL CHEUNGLEE'

A.B.C. Cony ATH EDITION.

For Epholstering Furniture.

For Bpholstering Motor Cars.

Backbinding.

For the Shoe and Strmer Tr

There is no leather substitute so good as

"Rexine

LCATHER CLOTH

It is a faithful reproduction of lexiker in all grains and colourings. Whilst it costs only one-quarter the price it wears infinitely longer than leather: is scratch, grease and water proof. Being insect and germ proof it is ideal for tropical-climates.

It is washable and therefore more hygienic than leather.

-**Rezing"" looks like leather bat it is better in every way.

REXINE LTD., HYDE, MANCHESTER, ENG,

ROSE'S

LIME JUICE

Prepared solely from pure Lime Juice and the finest refined sugar.

THE STANDARD FOR PURITY and EXCELLENCE.

Insist on having ROSE'S.

THE KWONG HIP LUNG CO., LTD.

LANGINEERS and BIFFUILDERS, BOILER-MAKERS, BRASS and IRON FOUNDERS. All work dons in this establishment is guamaatsed. We have over thirty yenin axperience. We own two Slipwayuandjou accommodate any craft,|| qE: 200 feet long. j...

-Town Omise: 61, Contravam Road OSTRAL, Hongkong,

Shipyard: Sham-Bu-Po, Kowloon, Hongkong

Estigaste furnished on appliastici

Honkong, April 1, 1972

Telephone No. 457, "Talephíná Mar Su

Seli Manufacturnes = AT. DAVENPORT, KIL.. London, S.E.

THE DEFLATION OF THE CURRENCY.

T

(Contined from Pages 201 Bank of England notes, Currency notes and other legal tenders form the basis of credit; this basis can be effectively broadened by the purchase of gold, or by the regrettable expedient of removing the restric- tions upon the issue of currency notes Alternatively, the restrictions. might be modified in a manner which would put into operation the sugges tion made by the Chairman of this Bank some twelve months ago viz that in the transition period, currency notes should be issued against 2 gradually increasing ratio of geld. The Committee on Currency and Foreign Exchanges decided in favour of more rigid measures bat the position of string ency towards which we are moving and over which we may prove to have little control, suggests that their decision went too far, and that the greatest elasticity provided by an increasing ratio would have proved the better solution.

41

Ignoring this alternative; then the best method of expansion is to buy gold and use it as cover en a pound basis, for it would be a national į| calamity to take advantage of the provision for exceeding the fiduciary limit. A pound for pound gold basis would, however, not only be a selfish bat also a short-sighted policy, for the gold stocks of the world are already sufficiently badly distribut ed without "dur accentuating the position and making it more difficult for the countries needing gold as a basis for their note issues to obtain it Rather should we adopt a ratio system, and by every means in our power encourage other nations with depreciated ex changes to do the same. - The method of issuing notes against a ratio of gold has been adopted' by other countries-including the United States and its adoption by this (country would seem best to meet the needs of the present situation. It would fix a limit to the power to issues notes without removing all elasticity from the currency system. For example, with a 10 per cent, ratio an additional $10 in currency notes could be issued against the acquisition of £1 in gold; with a 20 per cent. ratio, £5" in currency notes against £1 in gold, and so on, according to the ratio agreed upon. At the pre- sent moment the ratio of gold and Bank of England notes deposited as backing for the currency-note issue! is 10.2 per cent, while the ratig, of gold to the combined circulation of Bank of England and Currency notes is 34 per cent,

The adoption of a gold ratio would not prevent the ultimate return to a full gold cover should experience prove this to be desirable, for the legal ratio of gold could be gradual- y increased as the process of defia- tion permitted. But it would, with- ́out discredit and without prejudicing the power of the Bank of England and the Government to deflate, en able them to expand the note issue when it became evident that the

'Tel. 1036.

NOTICES.

Tel: 1036

GARAGE ACCOMMODATION

FOR PRIVATE CAR OWNERS.

THIS IS OUR NEW SPECIALITY.

CARS GARAGED in TOWN $30 per month. CARS GARAGED at FRAYA EAST of

WANCHAL $20 per month

THESE PRICES INCLUDE CLEANING AND ORDINARY GARAGE DUTIES.

EXILE GARAGE

Tel 1036.

33 & 35, Des Vœux Road Central,

"HONGKONG.

Tél: 1036,

SWATOW DRAWN THREAD WORK, CANTON EMBROIDERY. WHOLESALE AND RETAIL.

S K. TSAN & Co.,

P. 0: Box 564.

34, QUEEN'S ROID. ĈENTRAYĄ

CABLE ADDRESS TSANG.

PROTO SUPPLIES,

LONG HING & CO., Kodaks and Kodak Filma, &c. &

DEVELOPING & PRINTING A SPECIALITY.

No. 174, QUEL'S ROAD CENTRAL HONGKONG."

BATH TUBS

SANITARY GOODS

BATHROOM FITTINGS

AND ALL KIND OF

GLASS and MIRRORS.

LYSON COMPANY,

Tel No. 2559.

391, Queen's Road Central, Hongkong,

THE HOTEL ASIA

WEST - BUND, ` CANTON.

The highest building in Canton affording a panoramic bird's eye view of the whole city and suburbs

Large and airy rooms, Elevators, Electric Lights and Fans installed.

Hot and cold water service fitted, Excellent Coisine, Bar and Billiard room, Boof Garden, Cinematograph Theatre and every modern" convenience provided.

Special monthly and family rates can be arranged on application to

THE SUN CO., LTD.,.

Proprietors.

These Cigarettes are made of selected Mild leaf tobacco and quite harmle

who are accustomed to

alternative lay between expansion NANYANG BROTHERS TOBACCO CO.

and hampering production.

Deflation will inevitably prove' painful process, especially while certain factors, such as excessive competition and inflation abroad, tend to negative that tendency to lower prices which should result from reducing the amount of the fiduciary circulation. Nevertheless, the sys tem of creating unlimited credit. had to be abolished, and the difficulties of the transition period, must be faced as they arise, with the realisation that defation, although painful, is healthy and in the interests of the whole community.:

It therefore only remains to be decided by what means defiation_can. be accomplished with a minimum of discomfort and danger, and it would certainly seem that the solution will be found in the adoption of a pro- gressive ratio.

Two new Launches are being built

for the WALLA-WALLA " Beet. Phoo No. 3516,

165, Des Voeux Road,

Hongkong.

PAIES

(20

TATJEACTURED BY: