1921-05-10 — Page 2

Page

LAMMERT BROS.

AUCTIONZERS AFPRAISERS AND SURVEYORS

Public Auctions-

WE Undersigned havoreceived instene

dous to vill by Public Auctiott,

on

MONDAY, May 23, 1821.

commencing at 10.30 am -

at the Premises of the China Mining &

Smelting Co, L42. LOWE, The Plant of the AËovs, magntioned Company. Camprising all the Machinery, Tools, Spares, etc.

(To be put op in one Lot. Should the property be not disposed of in this rasaner, the plant will be sold 'piecemes!!.

Terms: Cash on delivery.

N. B. Interling purchasers

Can

tavel by the train leaving Kowloon, at

9.15 am and ran retora by the train

Leaving Sem Chuen at 1140 am.

Inspection redera may be had application to the undersigned.

LAMMERT BROS....

Auctioneers.

Hongkong, April 27, 1921-

on

BY ORDER ÖF THE MORTGAGEES

M

MESSUS. LAMMERT BRO3, are

inatracted to sell

the S. S. "KAM MA,”

she now lies in the Typhoon Kefuge,

at YAUMATI,

by

PUBLIC AUCTION,

02

THURSDAY,

The 26th day of May, 1921, at pr

IN ONE LUI

their Auction Rooms in Dudeil

Street.

The Ship is a Wooden ship of ap- proximately 1800 tors capacity with remmedation for about 200 Chinese Passengers now nearing completion. For partidare to view apply to Messrs. - LAMMERT BRUS, the Auctioneers.

For further particulars

Apply to:

Miss

Or to

JOHNSON STOKES

& MASTER

Solicitors, &c., Boogkong,

THE AUCTIONEERS:

Hongkong, 6, 1921.

THERE'S A LONG, LONG TRAIL

of

J

Bugs, Fleas, Flies, Beeles, Mosquitoes,

etc.,

all killed by

KEATING'S

BRITISHL

MADE

MASSAGE.

Mr. HONDA and Mrs. HUNDA

14 years' experience.

No. 24, Wyndham Street. (Opposite to the Chins Mail.

THE "CHINA, MAIL."

NOTICE,

Commanícatious palating to news should

INTIMATIONS

YOU CANNOT AFFORD TO BE WITHOUT THEM. ··

JUST received a large Conagement of (1) LACTOGEN the most digestive food for Infants which keeps good in quality during tot weather (2) LAC TOSE (MILL Sagar) for sweetening the feeds of Infants and Dyspeptics (3) MILFORD-MCGRATH FLUID INSEC- TICIDE the Best Fluid for destroying Fleas, Mosquitoes, Bags, Flies and all other Insect Pests in Summer daya, sad (4) JOHN CAHILL'S GOLDEN FLEECE, MAGIC and CINDERELLA SOAPS for keeping everything clean in Houses.

PRICES are Very Moderate. Ins pection and Enquiries are cordially iarited

SHIU FUNG TAI & CO.,

Kale Agonis for Hongkongiami Sovia China,

04. £ a 18. Cannaagdf Eca.CCentral, Bewafuat

Telephone Nam, 155

理代泰整

JUST RECEIVED

Fresh Supply of

SEELABLE

STAMP

HINGES

of

BEST QUALITY...

GRADA & CO.,

Dealers in Festage Stamps, Philatelic Gocés, Religious Bools. Toys, etc.

No. 10, Wyndham Street, P. O. Box 620,

Hongkong.

JAPANESE MAKERS,

p

Every kind of Footwear. MADE TO ORDER.

„CHERRY" & CO.,

-PEDDER STREEF,

Opposite Hongkong Hotel

Telephone Km 19%.

Hongtong March 20, 1914

TANG YUK, DESTEL

Faveror to

the late SIEN. TING, 14, D'Aguilar Street

TERMS VERY MODERATE. "CO3SC:_ATIOx Faiz

THE CHINA MAIL.

Westinghouse

ELECTRICAL APPARATUS

This trade markis

FOR EVERY PURPOSE

the guarantee of Removing the Earth's

dependable éles

trical equipment.

Treasures

In the mine, the passageway to

the earth's treasures, man-made machinery is subjected to the severest strain. Lifting the heavy rock to the surface of the earth, bearing it away, ventilating and lighting the deep shafts, pumping them dry of water,is work that only the highest quality machinery can stand:

That is why Westinghouse Electric Machinery is being used in more and more mines. It gives such unfailing service, offers so

many economies and lightens labor in so many ways.

that mining companies of all kinds are replacing their

old machinery with Westinghouse.

Whatever your electrical equipment may be, if it bears the name Westinghouse you may be sure it

will never fail you.

Westinghouse Electric International Co.

This space will show weekly a new aspect of one of the great Industrial-istita. tions of the world.

EASTERN EXCHANGE.

SILVER IN THE NEW CRA

CAUSES AND EFFECTS.

New York.

SOLE AGENTS TE CHINAI

CUSTON WILLIAMS & WONGRE E E CORPORATION.

"

hta Mod SEANGDAL

Bu L'Amitante,

TIENTS

W

Two years later. Lord Beaconsfield, The weekly average of the price of wheat has been as low as 17s 6d per speaking at Glasgow, said :

I attribute the monetary, distur-quarter, a price absolutely ruinous to bance which has occurred, and is now growers who depend mainly on wheat to s certain extent seting very for a living, unless they possess some injuriously upon trade attribute it such enormous currency advantage to the great chadges which the Gor. as the farmers of the Argentine Re- Morton Freren, writes in the ernments of Furope are making in publie and they alone enjoy. (The reference to their standard of value. enormous advantage" being at that! Daily Telegraph —

Our gold standard is not the cause of time three paper dollars for one gold In a recent letter which you did our commercial prosperity, but the dollar, the paper dollar "possessing me the honour to pablish and in consequence of that prosperity. It nearly as much purchase power for which I attributed the present world is quite certain that we must prepare all they-the farmers of the Plate malaise to the debacle in the Easter ourselves for great conrubions in the require as it ever had..") THERAPION NË 1

In the best paper on the subject of exchanges, I pointed out that lead-money nurket. not occasioned by THERAPION No1.2" financiers, such as Baren speeclation or any of the cid causes Oriental trade and exchange ever THERAPION NL3

Lord which have been alleged, but by a read, Mr. T. H. Whitehead, of Hong- in new cause with which we are not kong (Royal Colonial Institute Feb.

sufficiently acquainted.

12. 1895), pointing out how Lancas

THE NEW FRENCH, REMEDYAD

SOL ESPERANTECHLWEYTS, TOUCH 19 PALAPA,SA SZONJUNCIA ON A CO. Stansemarak 4. „N. W XLanceAL DIS TELUR MUTATS WSER "TRFLADE S DR GET WHEN PELNA AFVIZRAISA MESURES PACERZZ

ASARI BEER

PILSENER BEE GRAND PRIZE.

rbetr

be addressed to Tær Exrux,

Correspondents must forward games and addresses with may koszman 'GS- Mion adärmend to the Editor, not mecommziły for publicatiest-but as" svideoos of good faith

All matter for publication shock be written on one side of the paper only.

Lotters relating to bariners should be addressed to TRE IŠANAGER.

Bate of abecription to “China Mal” iz 338 per saman'; per quarter and per men- men 'pro rata',

Defars for enten copies of the "Caisa. "Matahould be sezas seen as possible, an the supply in united. Cash 10 cin, Cret #cta. par topy.

The Ohio Hall" is delivered frm st

ribers in Hongkong sod Kowloon Portage de Charged at the maw of fitty tante per moves.

- Rate of sacriction to the "Ove bod

“Jon Hall" in 992 per verzí z postage $ por anuais extra. İkizle copy. Irmity. frre conta cash

Alterations now additions to ádvection scale on Page 23, 1, 3 and should

be sent to the inboe. Na. & Wyndham Brest, not later than 13 30 a. t

* Alteration and additiozis te Adzertire-

mezia ya pagra 1, 4,' 5 sod 23 should be.

meet us not later the 7 pm

New-Advertiserneson alcalá de nent în

pm

azemok wodward lo a tira, p

Cymeriglie Rádcom · Max. Bor „Code * A,B,C, 5th Edition.”

Telephone Ba, 2

THE CHINA MAIL.

SAHIB

LAGER!

SPECIALLY

BREWERY

AGER-BEER

EXA

COMP

SOLE AGENTS </

MITKUI. BUSSEN TRISHA

1

Alfred Rothschild and Goschen, had warned language that seemed at that time greatly exaggerated that we ought to expect such. results as the present to follow such causes. I have a letter from a friend whose business judg ment is reliable, and who writes:

I do not understand foreign ex- change problems, and am now too old to leam. The explanations you advance, even when fortified by your **inder numbers, leave me cold, but what you quote from Alfred Roths child and Goschien is good enough for mė. I would advise you if we are to get any farther, to rely less on books and on theories of exchange

At that time the Transvaal gold-hire's leading trade was being bodily field had not yet been discovered, nor transferred to the Far East, present- what was destined to become equallyed these figures: The exports of cot- important, namely, the potency of ton yarn from India increased from weak solutions of cyanide of potas-less than eight million pounds in 1876 siam in recovering gold from tailings to 192,000,000 pounds in 1892, an dumps, which was to make the opera increase of 2,364 per cent, while ex- tion of extremely low-grade ores pro- ports of British yarns have only grown fitable. The sheet accident of these from an average of 237,000 pounds in two discoveries was destined between 1873 to 228,000,000 in 1893, or less IST0 and 1900 to increase the annual than 10 per cent. For the last eleven supplies of the yellow metal from less years it will be found that the annual than twenty millions to almost a profit realised on the paid-up capital hundred millions and ret, notwith- of cotton-spinning companies in the standing this prodigions and quite Oldham district has averaged about

and more on such authorities as these. unprecedented expansion, the level 917 per company, or 2) per cent. per When men of great eminence pro of the world's prices fell from index acum. The Manchester Chamber

would spell ruin.”

the mental condition of the man (Din, 1871, the suppression of silver [“the bus,”. I siculd like to put on IC- cord two important utterances made when gold m nometalism began to te

TUESDAY, MAY 10, 112k

NOTICES.

G. FALCONER & CO., LTD

WATCHMAKERS & JEWELLERS.

Hotel Mansions.

idgonis 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 & CO., Rodad Kodak Films, 80. 83.

DEVELOPING & PRINTING A SPECIALITY.

No. 17A, QUIET'S ROAD CENTRAL, Horezu G.

HOTELS AND, CAFF || !

THE HONGKONG HOTEL CO., LTD.

OPERATING :---

THE HONGKONG HOTEL,

HOTEL MANSIONS,

THE REPULSE" BAY HOTEL,

AND THE

HONGKONG HOTEL GARAGE.

J. H. TAGGART,

THE PEAK

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

Escently renovated and refureshed, electric light and fans throng keuk and antirely unlar new management: Ünleine ander the personal supervision. of the proprietor, Bar and Billiard Booms. Terme modarsts. Special items to families on application to

Telephone K. S. Telegraphic Add.; "Palace,"

HOTEL

I E OXEEREY, Proprietar

“ASIA”

WEST BUND, CANTON.

Leading Hotel in South China.

First class Accommodation. Electric Lights, Fans and Elevators.

Hairdressing Saloon.

Roof Garden.

Splendid Views of City and Pearl River.

Excellent Cuisine.

Moderate Rates.

Under the Management of the SUN- 00., LTD., CANTON

KING EDWARD HOTEL

CENTRAL LOCATION

IL ELECTRIC TEAMS Pam Entranca, Elec- tric Like, Fans sod Lighting Luropese Bathe and Sanitary Fittings, Hot and Cold Water System throughout. East at Food Rad Service

Telephone 13. Telegraphic Adirane 2--* VICTORIA!

I. WITCHELL, Alzzzer.

FRENCH LESSONS

#

4. MOUSSION.

lê, Gemon BRLM

The signature to this profession of

2's

phesy well in advance of the only number (Sauerbeck) 110 in 1813 to of Commerce, after a very prolonged the protection afforded by high ex- three great falls in silver look out 63 for 1896. Does anyone to-day inquiry, resolved in December, 1888; changes against the "dump" of the belief in the effectiveness of Cale for great financial troubles" and question that this debacle in prices that the principal cause which has penny mark. It is time that a new law governing exchange were each time the trouble comes, that was caused by the general" disinheri-enabled the Borabay spinners to super-generation vitally concerned took to follow: Lord Herschell, Sir Louis makes up my mind for me. You tance of silver-from the closing sede those of Lancashire in exporting heart the finding of the Royal Com Mallet, Sir John Lubbock, Mr. A. J. need not trouble me with your learned of all the world's mints to the free para to China and Japan is the mission on Gold and Silver, which, Balfour, Mr. J. W. Birch, Mr. Chaplin, reasons, which frankly bore me. coinage of silver? It is little wonder great fall in Eastern exchange since after three years' investigation, issued Bir C. Fremantle, Sir David Barbour,

And as this is, I expect, more or less that Barot Rothschild had declared 1873."

itsreport in 1888. Section 192 of that Sir Thomas Farrer, Sir William If a fall of less than 25 per cent. report, signed by every member of the Houldsworth, Mr. Leonard Courtney, Mr. Samuel Montagu. Well might between 1873 and 1888 in rupee ex. Commission, reads as follows:

These considerations seem to sug Lord Aldenham, Governor of the- change had or ch fell results to Lan- I quoted in a previous article from casure labour, what is going to be gest the existence of some steadying Bank of England and an expett in Professor Walker's important speech the result in the case of the penny influence in former periods which has exchange, if ever there was one- at the dinner given by Sir Williain mark," the skilled labour of modern now been removed and which has well might be write of the anony gold coming from the New World, Houldsworth in 1894. At the same Germany, perfectly equipped, work- left the silver market subject to the mous scoffers in an envenomed Press bankers' conference met in Paris to dinner Mr. William Lidderdale, the ing, as now for seven marks an hour free influence of causes the full effect as "those who endeavour by grotes consider a general demonetisation of silver. Baron Rothschild, the herd Governor of the Bank of England, during a forty-four hours week? of which was previously kept in check. que and burlesq e argument to show who had carried the Fank and the What earthly chance is there in the The question, therefore, forces itself that what had been done for hundreds it through the great crisis of days at hand for white labour againat upon ts-Is there any other cir- of years was impossible, and that a sys Hun labour? To fight such a com- cumstance calculated, to affect the tem under which. England had pro-

first thought cf. In 1871, encouraged

by the great abundance of the new

of the great French house, delivered a speech of strong cisspproval. He

Baid:

The simultaneous employment of

the two precious metals is satafactory, and gives rise to no complaint Whether gold or silver dominates for

• EFFECTS OF POLICY.

191, sid:

(Continued on Page 3).

ACROUP.

HIS disease is so dangi rous and so

It is strange that England, which petition as this with either Free relative relation of silver to gold which spered was fatal to her prosperity, has advanced euch immense amounts Trade" or with tariffs is perfectly distinguishes the latter period from while that under which her prosperity of capital to foreign countries and to hopeless. The German export duties the earlier 7- Now undoubtedly the was waning was the true sopice of her her own Colonies, all dependent large our new War Minister has invented-date which forms the dividing line wealth."

on the value of their products for a duty collected in dollars or sterling between an epoch of approximate the time being, it is always true that the means whereby they could pay goes a little way; it may conceivab fixity in the relative value of gold and the two precious metals concur, to their debts, should still so persistently collect a hundred millions or even silver and one of marked instability is gether in forming the monetary girly and apparently so badly have two, but if we are to capture the the year when the bimetallic system culation of the world, and it is the supported a financial policy calculated trades of Asia, and indefinitely ex which had previously been in force rapid in its dovalopment that every general mass of the two metals come to reader it difficult for her debtors pand these, we must stabilise our in the Latin Union ceased to be in mother of young chidren, should" be bined which serves to the measure of to krep faith.

exchange with that half the human full operation, and we are irresistibly m pared for it. It is very risky to wait value of things. The suppression of Izt he also put on record from the r

led to the conclusion that the opers until the attack of goog sppy z sud then send for medicine and lit the alve woud amount to a veritable Jogmal of the Royal Agricultural & ZEDET OF 1888

tion of that systers, estaklinged do-it- destruction of values without day Bociety for 1894, and from paper And pay how stabilise By call was in countries the population and Chamberlain's Cough Remedy, prompt and effectual and has never best known compensation, It would mean the by Mr. W. Bear, the well known my Fustice and the United States commerce of which were consider to fail in any czas. ='Always buvo s destruction of a portion of the world's editor of the Alark-lane - Expres, into counsel : both are counte hand-ble, exerted a material influence upon bottle in the home". For in'e by: all

ly less concerned than we are to get the relative value of the two metals Chemist and Scorela

cepital. It would spell ruin.

these words'?