1921-03-15 — Page 2

Page

LAMMERT BROS.

AUCITOSHERS, AFFRAISERS

AND SURVEYORS,

INTIMATIONS

YOU CANNOT AFFORD TO BE WITHOUT THEM,

Public Auctions of (1) LACTOGEN the most digestives

|144548 Undacsigned have received husbeno- Mons to sell by Fublic Anction,

00

WEDNESDAY, March 16, 1821, Commencing at 11 am. their Sales. Rooms, Duddall Street

A quantity of High Class Havana Mapila and Dutch Cigars.

(More or less damaged by water),

"Note:

A Large proportion of the above are only label damaged.

On view from Taeslay, the 15th

stant.

Terms: Cash on delivery.

LAMMERT BROS., Auctioneers.

"Hongkong, March 14, 1921.

оп

FRIDAY, March 18, 1971. commencing at 11 am.

at the Sales Rooms, Duddell Street,

A Quantity of

Miscellaneous

Comprisi

Goods.

Motor Car Tyres (various sizes), Iron Safes. Emmel, Paint, Iron Ropes, Assorted Bruster: Safety Razors,

etc.

ets- Terms --Cash on delivery.

LAMMERT BROS.,

Auctioneers

Hongkong, March 14, 1921.

FOR SALE

ONE HORNSBY-ACKROYD OIL ENGINE=21 Borse Power, Fuel, Kerosene. Complete with cooling appara tas in good condition. May be viewed by appointment at Gaa Cleb fill Barracks,

Apply to the undersigned.

LAMMERT BROS.

o

JUST recsired a large Consignment food for Infants which keeps good in quality during Hot weather (2) LAC TOSE (Milt Sugar) for sweetening the foods of Infants and Dyspeptics (3) MILFORD GRATH FLUID INSEC TICIDE the Best Fluid for destroying Flees, Mosquitoes, Bugs, Flies and all other Insect Pests in Summer days, and (4) JOEN CAHILL'S GOLDEN FLEECE MAGIC and CINDERELLA SOAPS for keeping everything clean in Houses.

PRICES Are Very Moderate. Ins pection and Enquiries are cordially invited

SHIU FUNG TAI & CO.,

Sale Lants for Hongkong and Banth Chlua,

Kes. Ca 18, Cervenght Band Central, Engkong. Telephone Nos. 123%.

代泰

Sutton's

Fine Grass Seeds

FOR

,

Garden Lawns, &c.

FOR SALE AT

GRACA & 00, Dealers in Garden Seeds. Postage Stampe, Toys, Picture Books, &c. &c.

No. 10, Wyndham "Street,

Bangkoma. P. O. Box 630.

JAPANESE MAKERS.

Every kind of Footwear.""

MADE TO ORDER.

THE CHINA MAIL.

Westinghouse

ELECTRICAL APPARATUS

This trade mark is the guarantee of dependable elec

trical equipment,

· FOR EVERY PURPOSE-

Where the Light Comes

From

A modern miracle! One after another a million points of light spring into be

This space will shom weekly a new aspect of one of the great "industrial institu- tions of the world.

ing until "the whole city is radiant with an illumination second only to that of the sun itself.

4

From the bulb of the lamp back to the original source of power there is no machine that does not owe something of its past development and present perfection to Westinghouse Electric.

"

For Westinghouse Electric makes the transforming apparatus by which the electric current is raised to the tremendous voltage--which is necessary for its transmission over great distances, and reduced again to the low voltage at which it is translated into light.

It makes the great generatora in the Central Station in which the current had its birth. It makes the marvelously efficient steam turbines that drive its generators.

It makes the automatic stokers, "feeding coal under the boilers that save huzsan labor and assure better combustion...

Every step of the long evolutionstoker, turbine, generator, alternating current, and transformer-representa a distinct Westinghouse contribution to the great result light in a dark bouse for the greatest possible number of people at the lowest

possible cost.

Westinghouse Electric International Co.

SOLE AGENTS IN CHINA-

GASTON WILLIAMS & VICHORE E. E. CORPORATION.

Siekiang Road

SULANGUAL

37 Eve de L'Amimarte, TIKYISIN

W

TUESDAY, MARCH 15, 1921.

NOTICES.

G. FALCONER & CO., LTD.

WATCHMAKERS & JEWELLERS.

Hotel MansionŁEK,

Agents for:-ADMIRALTY CHARTS,

ROSS'S BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, BENSON'S ENGLISH WATCHES,

ENGLISH SILVERWARE, direct from Manufacturers, High Class English Jewellery,

PHOTO SUPPLIES,

LONG HING & 00., and Kodale Flims, Bo...

DEVELOPING & PRINTING A SPECIALITY.

No. 171, QUEEN'S ROAD CHUNAL, HONGKONG

HOTELS AND CAFES.

THE HONGKONG HOTEL CO., LTD.

OPERATING 201

THE HONGKONG HOTEL,

HOTEL MANSIONS,

THE REPULSE BAY HOTEL,

AND THE

HONGKONG HOTEL GÄRAGE,

J. E. TAGGART,

MARE

X

FOR SALE

MILNER'S SAFES

Apply to

LAMMERT BROS.,

Daddell Street.

THERE'S A LONG, LONG TRAIL

of

Bugs, Fleas, Flies, Beetles, Mosquitoes,

btc..

all killed by

KEATING'S

PUBLISHER

BRITISH

MADE

_ANNUALLY.

ΤΕΣ

LONDON DIRECTORY

with Zravindal 2 Foreign Bectious, enables traders to communicate direct ➡ith

MANUFACTURERS & DEALERS in London and in the Provincial Towns and Indestrial Centres of the United Kingdom and the Continent of Europe. The names, addresses and other details are classified under more than 2,000 trade headings, including

EXPORT MERCHANTS with detailed particulars of the Goods skipped and the Colonial and Foreign Marketa supplied;

STEAMSHIP LINES

arranged under the Ports to which they mil, and indicating the approximate Sailings.

One-inch BUSINESS CARDS of Firms desiring to extend their connections, or Trade Cards of

DEALERS SEEKING AGENCIES" can be printed at a cuet of £1. 10%. Od for each trade heading under which they are inserted. Larger advertisements from 22 to £1B

A copy of the directory will be sent by -parcel post for £2, nett cash with order.

THE LONDON DIRECTORY CO. LTD. 25, Abchurch Lane, Leader, KO. 4, Farlard

KURIERAS INTENSITED 14 14.

MASSAGE.

Mr. HONDA and Mrs. HONDA.

is years experients s

No. 24, Wyndham Street. (Opposite to the Chips MaL)

CHERRY & ̈00.,

PEDDER STREET, Opposite Hongkang Hotel

Telephone No. 49.

Hongkong, Mach 20, 1914.

TANG YUK. Destist.

Sagemot 18

the Late SIEN TING, 14, D'Aguila Street. TERMS VARI MODEXATA

Occation tra

THE REW FRENCH REMEDY,

THERAPION N.1 THERAPION NO.2 THERAPIONN:3

5. The Baddie Cataró 30 1006 &

BOLIRELEASES WAL ORCE Chač Le''Bay

GARTNER KRAFT KIRK

AT OFTY, STADI LEO

PPON

Jktxaron a ez

NA

CastleİNE PACKETS

ASAHI BKBR

FILSENER BEER

GRAND

LAGER

SPECIALI

WERY C

COMP

SAH

BEER

USAH

LAGER BEER

COMPAN

Bou Agenta:

MITSUI BUS41) = XIZM

TRADE DEPRESSION.

SILVER AND TRADE.

www.

MELTED COINAGES.

Moreton Frewen writes in the Daily Telegraph-

I remember a small dinner in London given in 1894 by the late Sir William Houldsworth, M. P., in bonour of four American visitors, the late Professor Francis A. Walker, Senator Walcott, Mr. W. C. Whitney, and Mr. Brooks Adams. Of the dozen diners there are at least three other survivors, Mr Balfour, Lord Chaplin, and Lord Desborough, and they will. I think,

Indian Government, had already parted with practically all its coined silver dollars, and now France has also sent to the melting pot about all of its fice old five franc pieces, so fall of cherished tradition for the peasantry of France. These are the two great pations which so lately as 1898 offered jointly to reopen their mints to the free comage of silver at 15 to 1 if we would but reopen the mints of India and coin an honest

ough to send me the duplicate, many of which were, and are, very educa tional As to the barrier imposed by cheaper silver to all that America exported to Asia, the consular reports were almost unanimously agreed. Mr. Roger Granne, Consul at Dalny, Manchuria, sent in the rather laconic cable.

pee. It is this terrible and unfere March que seeable catastrophe which has tapped i tër, 1907 the climax of the deflaters and Dec. quarter. through the prostration of the silver exchanges has cut down the effective demand for our goods and the goods of France and the United States in

1907

enclosed

DALNY VALUE OF IMPORTS.

Cotton

Flour. Ex: goods. $709,969 $301,123 57

$204,904 $73,969. 47

CHINA'S EXTORTS. Perhaps no man living knew more Sir Thomas Jackson, chairman of the Hongkong and Shanghat Bank. In his evidence before the Singapore Currency Commission in 1902 Sir Thomas said:

still recall the words with which all the markets of a thousand million of this problem of exchange than|

economist

that great American concluded an impressive speech. whose book Professor Walker, "Money" is a classic, and has been translated into at least eight langu- ages, said: "I regard this problem of silver as far more than any mere problem in finance; I believe that with its right settlement is bound up the very progress of civilisation for the Western Nations."

No wonder, then, the Asiatics. trades across the Pacific with the Orient languish and that Lyons as well as Lancashire is clean undone.

AN EARLY REACTION

I was in Shanghai in 1867. Then the only items of export were tea and silk; cow the low exchange enables them to export all sorts of things-hides, tallow, wax; in fact,

Chairman (Sir David Barbour): Do you think the advantage is per manent, Sir Thomas?

Answer: I think it will tend to increase as time goes on.

But grievous though the set-back to trade, I maintain with entire con- fidence that the absorption of all this melted silver by the East may require at most three years, and The great that my forecast of permanent "five in a ship of 6,000 tons you will Eastern exchange catastrophe of the shilling silver," and thus of high find tea and silk not 5 per cent. of the past twelve months is eloquent of exchanges and brisk trading with cargo. There are a bandred and one the soundness of Professor Walker's Asia, will not long be delayed, and articles exported from China now view. It has really clouded the that from Asia comes our best pre- that were impossible to export thirty entire atmosphere of our economies mise of a revival of industrial pro years ago.

But sperity in the West. The very best a and of our sociology too. what is it that has overwhelmed investment to-day is a silver hoard, thus suddenly the world's silver whether coined or uncoined. The market at a time when every stimulus which is afforded to a student of economic science as country's export by reason of the de

In 1907, because the Government | counting confidently on the price of preciation of its currency this has silver rising still higher than in 1919? in the last two or three years become a

It was, of India had stayed out of the silver j The reply is simple. France and her financial commonplace. partners in the Latin Monetary Union however, not so generally recognised market for two years and bought no In 1907 the silver, the prize fell 10d per ounce, have in the last few months melted twelve years ago. and sold practically the whole of Government of India was once again the greatest fall in a period so short their silver currency. This explains responsible for a prodigious "bull" in all the history of the 'metal until why Indix has been able to coin market in silver. That Government last year. It may be useful to quote 138,000,000 oz of silver ("Ecorom in 1907 had purchased eighty million a paragraph from a letter written ist, Jan. 8) in her last financial year, ounces of suver, the total yield of me by that brilliant young mandaria, although the production from the the mines being 170 milion ounces, Tong Shoa YI, a little later the first mines was less than 145,000,000 of which the silversmiths had taken Prime Minister of China. Tong writes ounces, practically the whole of eighty million cunces, but in 1908 (Feb, 13, 1909):

In China fluctuations in exchange which was absorbed by non-moretary India had purchased for fresh cur- uses. It appears that a novel con- rency a merely nominal amount, so such as those of last year are, of sumption of silver for "films" is that the price had fallen as much as course, very troublesome for our im accounting for very large aggregates, it had advanced! In 1908, after the porting merchants; still, 'bo doubt last I know of no method by which to great fall in silver, Mr. Elihu Root, year's, fall in silver greatly assisted ascertain the actual amount of silver being United States Secretary of our mills and other manufacturing obtained by melting silver coins, for State, at my suggestion-sent the industries, which might be damaged no figures were in existence of the following circular, to all the United by the competition of imported amount of the Latin Unioc, silver States Consults in the Fan East:

May 14, 1908, State Department. coins current, but it is probable that the French sales last year may have 1. What as shown by index num amounted to at least the total probers, or the price lists of wholesale duction from the world's mines for commodities had been the tendency, the last three years say, 200.000,000 of prices since 1896 measured by ounces. This parricidal work must silver currency the tzel, the dollár, be by now nearly.completed, but I the rupee?

2. Whether 6rms Importing from learn via New York from the weekly i circulars of Me Srinivas Wakel that the United States, Great Britain, and Britain, France, Americs, and all the sale of silver through the Bank Germany have during the past twelve of France alone is still proceeding at months found the great fall in the the rate of hellison ces price of silver matter for serious dis weakly matt protein turbance to their business whether Thus has silver been betrayed in awe this fall become.derably stimu -the house of its best friends, America lated the export trades?

Secretary Root asked for the re and France The former, in order to meet the piteous appeal of the plies in duplicate, and was "good en-

..

foreign goods if the exchange rose. Thus the fall in exchange is even as an increasing tartif, but unlike a tariff, our exports are not reduced, but are. so to speak, subsidised.

Of all the world's currency DIO blems, that of securing a permanent, fixed rate of exchange between Great

Asia is at once the most important and the simplest. It was the one paint on which the Gold and Silver and competent Royal Commission. Commission of 1888, a really, brilliant was unanimons (See Report, Fut L, Section 192)

Continued an 3.)?

THE PEAK HOTEL.

1,500 Feet above Sea Level

15 Minutes from Landing Stage. Under the Management of—

Mrs. BLAIR.

(Two minutes from

Star Ferry). PALACE HOTEL

KOWLOON

Recently renovated and refurnished, electrin light and Isne throughout and entirely under nrw management. Caleine under the personal supervízics of the proprietor, Bar and Billiard Booma. Tamma modarsóć. Spasfal taenza du families on application, to

:

Telephone K3. Telegraphic Add.: *PADAOK."

HOTEL

J. E. OXKKERT, Proprietor.

"ASIA"

WEST BUND, CANTON.

with

& Suite

private Baths. etc. Garden, Hairdressing Saloon,

Moderate Rates.

Rooms Roof

en

Excellent Cuisine.

to

Leading Hotel in South China.

attention · giren · Special Under the Foreign Supervision of,

KING EDWARD HOTEL

CENTRAL LOCATION

LL ELECTRIC TRAME Pam Katrsace, Mes trie Lite, Pany and Lighting Burapea Babs and Sanitary Fittings, list and Cold Best Food Med Water System through. Berrien - Telephone Telegraphic Adfær 24 VDOBO 3.6′′

J. WTECHELL, Haningee.

large

Just arrived,

quantities

of White

Glazed Tiles, also Cast

Iron Porcelain Lined

Baths and the last word

in bidets.

C.E WARREN & CO., LT-

Nos. 30 & 32 Das Your Road Central,

Established 1900

Telephone 372

TAIYO & CO.

ZAPAKESË) (0. BOOTS AND SHOES KÚMADE TO ORDEL

Tourists.

THOS, G. HUTCHINGS.

FRENCH LESSONS

¤, MOUSSION,

18. Morrison KU! Kond

MUMEYA

|

Japanese Photographers. We have removed sur Premises, te No. 364, Queen's Road, C. Sitting hours from 9 am to 9 pm. Passport photos finished in one hour.

THE CLEANING OF SUMMER FROCKS is an important matter and we make a speciality of "refinishing" light Frocks. and Costumes so that they keep clean longer than when treated by ordinary methods SONY Monas

are thorough and Our processEN ̧) reliable. Our facilities and re Bouro enable us to carry on all work quickly and our charIDS ́LEW really reasonable

Weiten for Price List and Sen 1

The Diamond Dyeing and Drycleaning Co.

Agent

CASSUM AHMED.

Geooral Draper

Besuch. 23, Nathan Boad, Kouling.