1922-02-24 — Page 2

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LAMMERT BROS.

SOTIONDERS, APPRAISEKS

AND SURVEYORS

Public Auctions

EARLIER TELEGRAMS.

(Reuter & Service the the thing Mall

GENDA CONFERENCE

LONDON

Bolny 25

Ang Larisat ons have been som sprint

school at

the Germierenes

18 K

the subgeet of

The French pows Hintade Clay Paradis

failure to reply. 126 Fremla

randon requesting pead patiensals of the Conformare other months and demand ingres Steubend of the befriend

mert.

INTIMATIONS

FOR SALE

HARBUTT'S PLASTICINE

The Child's Delight." PLAY-WAX for Clean and Fasy Play-Models.

THE NOVLART Dry Stencil Pictures.

GRAÇA & 00.,

Dealors in Toys, Postage Stampa, Pictorial Post Cards, Garden Seede,

&c. &o.

No. 10, Wyndham Streal,

P. O. Box 820,

merin

b

The

M

L

JAPANESE

bet Wr TIROKE İ General M Pear on the French coast Saturday has no hevost the tra Bio E heartla welpeans x the French pos

likets

De fond du ngreement

the

"!

The political conditions of

{e;t

Feature per including respect

The French new spitpers pere treating

Ben For nebun as can ang his visits to Paris and The dream that Al Berns

congrel de M

cilinter

London

wgr

tha

Tutor

Fa

Czech Slovakia vwpoint antern Lenarter of stability Waregemlent on congé 20 Angh Free agreement.

PACIFIC TREATY

Hongkong

MAKERS.

Every kind of Footwear, MADE TO ORDER.

THE CHINA MAIL.

COMMANDER

Super Size Virginia Cigarettes

Guaranteed manufactured

in England

FRIDAY, FEBRUARY 21, 1922

NOTICES.

G. FALCONER & CO., LTD. WATCHMAKERS & JEWELLERS.

Hotel Mansions.

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,

P

Latest Novelty in Pen Nibs.

Most superior quality Nibs of INCORRODIBLE metal. For swift and elegant handwriting it is unrivalled.

NEVER SCRATCH. NEVER SPURT,

Sole Agents for East.

DANIELS & CO., 17, Wyndham (Flower) Street.

"ENSIGN BRAND"

TEAS.

BROKEN-PEKOE (IP'S WORTH DRINKING).

THE FINEST OF ITS KIND

SOLD IN THE COLONY.

Ono-pound Packets from Store-keepers,

The Blue Bird and

The Graeco Egyptian Tobacco Store. Or from

The Gledale & Terramia Tes Agency.

DANIELS & CO., 17, Wyndhamn (Flower) Street.

PHOTO SUPPLIES,

LONG HING & CO., Kodaks and Kodak Films, &e...

DEVELOPING & FRINTING A SPECIALITY.

No. 17A, QUEEN'S ROAD GENTEAL, HONGKONG.

HOTELS AND CAFES.

LUSION

Feinmus

Zad

It as reported from Washington that a majority of the Senate Foreign Relations

Ca

Segunt

Biodegr

Is ther prope

ale ding the Tote Sode, from Tren am chaton egal en moral Lo No

1/1

CHA: ka

of mesh Powers and stating that the seonsent of Lane is most first tasted

velaars Comment

mederstanding

under Afra On and wa hut that rer

roposed to give much mont

Pansolent Und

Ben

Benal

oppel

Benal

Jimming t

20131 trenta laks

mison dues inblend a teservation Sigalowy Powers Tights. #alers in the Treaty to minderpanost

DOMILIAR ་་་।

Juli Powres Jibet

some drypbe 1 gands the salshits of rights.

81 OIL COMBINE IN VIEW.

Bustos February 2nd

"

11 reported that pouparlers noe per ceeding a New York, which if completed. as som takkels, wall make the Standard Ah and Anglo Persian Chi espur partne

developmens al I al

proape fixa Bob in North Perwan The plans col templa The tomation of compan tow the caput of winch they wil provide equal amounts and will be gently reprostlin on the board

that immedi dels the aleal gespleted a geological expedition will be despatched to Persit in mehk to survey the fields before developineend as undertaken

BANQUE INDUSTRIELLE.

PARIS. February Mod

M Jean Nemy's report on the Bangie Industrie

15

Barbed and won fraties are self due to Faner as her share of the Boxer dem

It says that the busis of the Bilt! is that no engagement taken in the nam of Frane should be disavowed un it

The has been considered valid abroaut conditions denuded for the future in Flude judual examination of the constitit tion of the Company. suppression privileges attaching to founders' shures and personal responsibility of the direc tors of the Bank

PASSENGERS,

DEPARTURES.

***

Per C. P.S., Empress of Russia" terday Miss A. Age, Mr M. Aians. Mr F. K. Bronu Actg. Lieut John Pouch, Miss J. D. Biriukova, Hev, ami Mra H $4. Baskett. Mast Staples Purkett, Mr and Mrs has. Benard, Mr C. R. Barkill. Mrs F. D. "lackburn Mr and Mrs. Clark,

Clark, Messra A, B, Cook, K. Cruit Ng Cha Sin Les (bor, Cham, The Cheung, Chang

RAY

hang, Tin Khung Chung, ed. Dew,

Capt. ad Mrs W.

Donaldanti,

Mr.

Davids Mirg

Messis F. S.

G. Borel s

Elis J. 4 Frans. Chan Chang Ful Mei Chook Fing, Mrs A. Fryman, Mr H. M. Gorton, Flight 1. C. I. Gordon, Nov. J. Goldin, Miss J. Guggenheimer, Mr 4. J. Hayir, dies). Hayım, Messra M. Hasbim. J. K. L. Huit r, M. H

and Mrs). D. darder, Rov.

Huaffrey, Mesra Lin Kab, Wam"

R. A. Kam, Wong ling Kwon, Mre Kwan, Mian A. Law, Miss D. Lee Sung Langford,

Mr H. T. Lon, Mr and Mrs Julius Levy,

Wong King Lap. Mra M. L. Mercier, Mr

G.

M. Maxwell, Bov. N. T. Macintosh,

Mfr 1. Hones Mr & Mrs B. J. Mit, Mr &

Mrs F. A. Mody, Me Lei Kini Mun. Mr Marg, Hins D. M. Fes, Mr G. Yang Tait Mang, Nothan, Mr and Mira S. A. Nagel, Mis F. Nagol, Master 8. Nagal, Mr. B. B. Adlum, Mr and Mrs J. Ogilvie, Mr and Mrs W. 1.

Mr PAYDE Mr and Mrs

W: Petors, Mr and Mre B. Peters, Mr And Mrs Loo

Pann Mr Ng Jack Pak, Mr A. 5. Fandy, Mr D.

tam Loo Piner.

Mr

Raphae Rev. F. Ryan, Mx Donald Mr B. H. Featt, Me A. tielor, Miss D. Foligoni Me and Mis 5. G. Railgman,

O. W. Skeet, Mr Moy Nom Bhoon. Mr Lui Gal Such, Mra I pw Bhee. Mra Chang Ku 81, Mrs Léa Thiée, Wong Row Hun Mr W. T. Buzaklı

Mr

Jom

MET. F. Viite

Mrs Henie Thompson, Mr- Von, Drins Vannble, Mr Hanbury Williams, CA

0. Wattangel

0.

And

Iding, Mr L

Woordynopy and

Men A. V. WhiER, 3

H. Potta, Dr. E. 0. Dudley, Ker, and

CHERRY & 00..

6, D'AGUILAR STREET,

Upposite Kaynmally & Co.

Telephone No. 491

Hongkong, March 20, 1914.

MASSAGE.

Mrs. 8. UZUNOYE,

ejo MATSUBARA HOTEL

10. Queen's Road Central. 2nd floor

Tel. 405.

Hongkong

MASSAGE.

Mrs. HONDA and Mrs KISAKL

14 years' experience.

No. 24 Wyndham Street. (opposite to the "China Mail")

SWAY HOUSE

HAT MAKER.

No. 16, Wyndham Street.

TANG YUK, Destint. Spoor to

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

YRRHI VEBY HODEBAVR.

CONSULATION FEEL.

THE NEW FRENON REMEDY,

THERAPION NO. 1 THERAPION NO. 2 THERAPION NË 3

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SILVER DURING 1921.

INTERESTING REVIEW FROM

NEW YORK.

The Financial Review, New York, publishes a review of silver during 1921, of which the following extract's are given :--·

IMPORTS AND EXPORTS.

Production of Mexico, the largest

silver production is estimated by us at 62,000,000 ounces,

or 4,662 263 ounces less than in 1920.

Of Americi exports, Asiatic Bource of countries received about 53,000,000 ounter, Great Britain about 18,200,000 ounces, and the balance of about 19,800 000 ounces way distributed among other countries, of which nearly 4,(KH),000 ounces Mexico in the form of coinage.

Of Great Britain's sports, more than 53,000,000 ounces went to China and India.

went to

World silver production in 1921 was around 148,000,000 ounces, the lowest in 20 years. World consumption was Of the imports into America about 358,000,000 dunces, The about 94,000,000 ounces, more than difference between production and | 60,010,000 ounces came from Mexico. consumption represents the destruc-Of nearly 10,000,000 ounces credited tion of sound money and the use of to Germany, all but 1,000,000 ounces

representa paper currency as a substitute.

silver consigned ne collateral and not sold.

This process has also resulted in thy depletion of the gold reserves of many countries, because paper-money is still as impractical for international usage as it has been especially during and since the world war.

Coinago for the past seven years amounts to more than 1,700,000 000

ounces, and production is about

600,000,000 ounces less.

CHINA AND INDIA,

Of Britain's imports, £9,956,837 actual for 11 mon:ba, or about 55,000,000 ounces, £3,094,052 repre- sents receipts from America £2,646,088 from West Africa, £1,669,105 from Trance, and £1,223.311 from Holland.

The West African item is interes fing. There is no silver production in West Africa and this group includes former German possessions. It is likely that German silver marks have been imported and that the same countries have received paper money and some eilver coins 500 rather than 900 fine, in exchange.

More than 700,000,000 peoples in China and India striving for an industrial and anxious to do business with the country best able to supply its needs the United States of Americu-have been compelled in Britain's imports from America are the past year to conduct a large part double in value and triple in volume of their import business in terms of as compared with those of 1920. sterling exchange and with gold, and Imports from France are not equal to to the disadvantage of America. those of the previous year, but they But both countries have contioned are still a large part of the total. their traditional policy of absorbing Consignments from Holland are under- nearly 200,000,000 ounces or silver stood to represent silver from yearly or much in excess of total Germany. world production during the past seven years.

DECLINE IN OUTPUT. Production for. 1921 is smaller

This is apparently the reason why because of the decline in output of "panics" in those countries are of America and Australia and, to a much comparatively small significance and more modified extent, by Mexico, that China and India are likely to be Although purchases of domestic silver the strongest, financially and under the Pittman law will amount to commercially, during the next few around 08,000,000 ounces, production will be less than 40,000,000, ounces,

years.

Output of Australia is again likely to be around the law figures of 1920. It was less than 1,500,000 ounces in 1920, compared with 7,430,770 in

1919.

Canadian production is likely to be around 10,000,000 ounces, compared with 13,330,357 ounces in 1920,

That production held in the United States even at the lower volume was due chiefly to larger operations in the new and old camps of Nevada. For the same reasons we may expect a continuance of this record this year, especially at Tonopah, Cortez, Divide and Candelaria,

THE TREND OF EVENTS.

In attempting to determine future trend in the silver situation, it is well to remember that silver is both a commodity and a monetary medium. Sensational developments are likely at any time and especially if any effort is made to approach stability in Europe. This is equally true of gold.

These facts should also be borne in mind: that world production is constantly decreasing and con-- sumption increasing. That a con- siderable amount of silver coinage has disappeared in the past several years, and that even a debased silver, coin,

authorized, would produce a shortage a acute that silver prices would inevitably advance to the 15- to-1 or 18 to-1 ratio. At present the world price is about 311-to-1.

Japan has about 303,000,000 yen in paper notes outstanding and has found that it is ratherd ficult to do business with this kind of money, especially in China. Against this issue its silver requirements are around 180,000,000. oubles.

The United States government is Oparation of the Pittman law in This decrease is chiefly due to the still in the domestic market for 121,- Amerion has tended to maintain curtailed operations of the copper

000,000 ounces at the fixed price of silver at a higher price than it would companies. These companies, in 1920, $1.60 an ounce, net. It would only retire'as a buyer, if and when silver probably bave reached without this contributed 25 per cent. of the total ells above this price. Just what assistance and the country now has a silor output of the United States, or Europa may do in 1922 in trying to larger reserve for sound credits. than, about 10,000,000 ounces. This year create a currency medium that will it did at the beginning of this year. this output will be about 5,500,000

Silver movements for the year ounces,

Silver ores produced by Possess less elasticity remains in great

doubt at this time, amounted to about 80,000,000 ounces silver.companies amounted to 10,030, from Amerion and about 66,000,000 0C0 ounces in 1920 and should be as (Continued on Page 3.) ources from Great Britain. Move | large if not larger for 1921. About ments in and out of India and Chins 21,100,000 ounden of silver is produs. were much larger, this year than last ed as a by product in load and com but these statistics and not available plex ores.

at this time Japan also draw down The difference of about 18,600,000

a large amount of allver from this country, Exports, from Great Britain Fod. Americs wero buly, shout. 25,000,000 ounces frak' than in 1920,

the former country having bandled much larger, umdunt this year, Min

BEWARE OF COLDS. CHILDREN, Are much more liköl when they have colds. Whoopla rased by the Amedean diphtheria Barlet Lavor and and domestio

"Hits neo dietanol, that are of esens delayed red when the child bas

bad and other

HONGKONG HOTEL,

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REPULSE BAY HOTEL.

HONGKONG HOTEL CO., LTD.

Tel. No. 812. CARLTON HOTEL. Tel. Aid: "Carlton." The Only American Hotel in the Colmy, Nice and quiet yot only a few minutes walk from the Banks, and Central Districts, 43 Bedrooms. Excellent Cuisine. rapulously clean. Under American Management. For terms apply to

MRS. F. E. CAMERON Proprietress.

(Two minutes from Star. Ferry).

PALACE HOTEL

KOWLOON

Recently renovated and refurnished, electric Hght and fun throughout and entirely under new management Culains under the personst supervision of the proprietor, Bar and Billiard Boona Termis moder) Spealal termo de families on application to mys

Telephona K. 3. Telegraphlo Add,; "PALLOR”

J. H. OXBERY, Proprietor.

HOTEL "ASIA"

WEST BUND, CANTON,

Leading Hotel in South

China

First class Accommodation. Electric Logs, Faus and Elevators. Roof Garden. Hairdressing Saloon.

City and Farl River.

Moerate Rates.

Splendid Views

Excellent Cuisine:

Under the Management of the SUN 00, LID,, - CAIFON.

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Bakers THE Confectiontrai

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FRENCH LESSONS