1920-07-21 — Page 7

THE HONGKONG DAILY PRESS. WEDNESDAY, JULY 21ST, 1920

THEATRE ROYAL

HONGKONG.

THE LEYLAND HODGSON COMPANY

IN

VAUDEVILLE AND THE LATEST LONDON REVUE." THURSDAY, JULY 22ND" VARIETY TITBITS" FRIDAY,

23RD-" SPA GIRL" 24TH PERSIANA "

SATURDAY,

POPULAR PRICES BOOKING MOUTRIE'S.

[1973

CANADIAN PACIFIC OCEAN SERVICES, LTD.

THE STEAMSHIP

"METHVEN'

WILL BE DESPATCHED ON OR ABOUT THE

FOR

י

30 JULY,

SINGAPORE.

TAKING CARGO AT CURRENT RATES OF FREIGHT.

For space and further particulars, apply to:--

P. A. COX, Acting General Agent, C.P.O.S. LTD.

JAVA-CHINA-JAPAN LIJN

REGULAR FORTHNIGHTLY SERVICE BETWEEN

EXPECTED

JAVA,

CHINA

AND JAPAN.

WILL LEAVE

STEAMERS

FROM

ON OF

ABOUT

TJISALAK.......

JAVA

TJILIWONG ..

JAVA

TJILÁTJAP

JAVA

TJIKINI

JAVA.

*th July 31st July * Aug.

HAIYANG

JAVA

TJILEBOET ...!

JAVA

ON OR ABOUT

24th July

28th July

3rd Aug. 8th Aug,

7th Aug. 2nd Aug. 8th Aug. 11th Aug.

• Wireless Telegraphy.

For

1178

YOKOHAMA SHANGHAI SWATOW "SHANGHAI

JAVA

TOKOBAMA

The Steamers are all fitted throughout with Electric Light and have accommodation for a limited number of saloon Passengers. All reamers carry & daly qualified surgeɔa „ Carg taken at through rato al piss in Netherlands lo fis sai Austerlit

For Particalars of Freigat sat Passage apply to the

York Bailding, let Floor.

JAVA-CHINA-JAPAN LIJN.

Telephone No. 164.

FOR MAURITIUS & DELAGOA BAY.

S.S. LINDSAY MOLLER

SAILING

ABOUT MIDDLE OF AUGUST.

For PASSAGE & FREIGHT APPLY To:

113]

SHIPBUILDERS.

SHIP REPAIRERS, BOILER MAKERS, FORGE MASTERS, OXY-ACETYLENE &

LECTRIC WELDERS.

ECHANICAL &

LECTRIC NGINEERS,

INNES & MANU, AGENTS,

15, WYNDHAM SIRLET.

TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONGKONG,

LIMITED.

DRY DOCK. Length 787 Feet. Length on Blocks 750 Ft..

Depth on Centre of

Hill (H.W.O.S.T.) 84 ft. 6 ina. -THREE SLIPWAYS-

Capable of Handling Ships Up

to 3,080 Tons Displacement. Electric Grane at Sea Wall, Capable of

Lifting 100 Tons at 70 Feet Radius

BUTTERFIELD

TEL ADDRESS: TAIKOGDOCK," HONGKONG.

Irzzraona No 212-

CALL FLAO:4C

OTER ASS. PENNANT.

& SWIRE.

AGENTS.

HONGKONG, CHINA & JAPAN.

[18

PRESENT DAY VALUES. EXPLANATION OF WHY LIVING

COSTS MORE.

WEATHER REPORT.

July 19th, at 19.47,-Warning to Hong- kong-Continental depression in Lat. 25 Mr. W. Brass, writing in The Times of deg. N. Long 114 deg. E

July 20th, at 8.20.-Local signal No. 5 May 24th, says:—

Flowered.

Bir-Every one is to-day complaining bitterly of the increase in the cost of all commodities.

་

July 20th, at 12.54.-No returns from Japanese stations.

Pressure has increased slightly over Formors and the east coast of China, and decreased slightly elsewhere. The depres sion has probably moved to the west of

#

Hongkong rainfall for the 24 hour ending at 10 am. to-day, 8.90 inch. "Tota since January 1st, 62,41 inches. against an average of 48,66 inches

Members of Parliament attend meeting and write articles protesting against the Fincrease in the cost-of-this and that combongkong.

modity, the raising of railway rates, rents, and so forth. Bome people. attribute these rises to profiteering,"others to the inflation of the currency. No doubt both of these reasons hare an important bearing on the subject, but surely there is some funda mental cause underlying the whole "pheno

menon.

In the following lines I will endeavour to explain, in the simplest language possible, what appears to me to be the cause for all articles being said to have "increased in value."

The forest for the 24 hours ending at noen to day is na follows :--- DISTRICT

1-

Hongkong to Gap Rock

FORECAMS. (Easterly or vari- able winda, mo- ¡derate; cloudy. (rain.

The same as

No. 1.

Formosa" Chantel South coast of China between (The same as

No. 1. Hongkong and Lamocks į Southcoast of China between The same as

Hongkong and Hainan

No. 1.

For "generations the people of this country have measured the value of all commodities against the pound sterling. and cannot Dow realise that the baine of. the pound Auctuates in the same way na that of any other article in common use, Its exchange value against such article | fand demand. Before the war our National Debt stood at something like £700.000:000. Today it is approximately £8,000,000,000. What has happened to all the pounds. and what real, wealth hare these credits produced The pounds thus raised have bren paid to soldiers for standing in trenches and fighting the Germans, to men and women for sidang abett, bombs, gun, and aeroplanes, all of which have been destroyed. The majority of these pounds, therefore, have produced no real wealth."

is governed by the ordinary law of supply ASAHI

If a man is paid to make a cair, he has made something of value which remains, but if he is given the same amount to make shell, which is destroyed, his energy as far as the production of wealth The result in concerned bas been wasted. of this waited energy is reflected in the valve of the pound to-day.

To draw a simile, let us imagine our selves back in the old days of barter, when pne article was exchanged for another, one sarage would come with a weapon and exchange.it for some corn. Imagine a war to break out, and thousands of milions" of weapers to be created without the energy necessary to make them, as in the ease of the pound sterling eredis. After the war the sivage offers a weapon in ex change for the same amount of corn as. before. He is informed that-fery little garn has been grown during the war period, but thousands of millions of weapons have beeg made. As a result of thự she has ta give quite a number of wiupons for the same amount of corn for which he gave only one weapon in prewar days. The pound of to-day is in the position of the weapon in my simile. There are too many pounds and not enough articles to exchange for them. The rule" of the pound has consequently fallen, and will continue to remain low until we are again in, position by hard work and increased pro- duction to make the articles necimary for the world's tråde.

The continuous increase in wages and the following of what is termed the vicious circle will not help production, and will assuredly postpone the day when the pound will begin to come into its own again.

ד.

If the working man would only realise it, his best plan is to try, to inercise the value of the pound by hard work and in- creased production; instead of reducing, it still farther by demanding or poundi and doing less work for them. His present, wages, in prewar purchasing vale, 'would' make his position for mure comfortable then at present. If people would only appreciate that present-day values are not real increases," but merely the result of a fall in the value of the pound, conse quent upon the creation of Government- credits, and would understand that "the country, instead of being richer because of the large number of pounds in circulation, is really very much the poorer for this disastrous war, then be thrift, hard work, and increased production the purchasing value of the pound would gradually be in- creased.

RED COAT OR KHAKI ?

The proposal to put the Army back into scarlet is not merely a question of £ s. d. That it would cost nearer £5,000,000-thán £3,000,000, with tailors present charges, is obvious. But that is not the only con sideration: there is (the Spectator paints out) the question of sentiment. Has 40yone been at pains to enquire the feel- ings of the private soldiers on the point? in the present state of public opinion, which is one of civism run mal, it is our belief that the men in many regimente would refuge to wear the red coat, which they would regard as a badge of servitude The khaki uniform is

quas-civil

gar ment Everybody is now sa sell.cepacious, " and so filled with a sense of bis social pozi- tion: that the lobster might be res garded as an object of derision, rather than of attraction, and the trade unions would. denounce the change mili tarism

"A little war-orphaned lassie, living in London, bad a happy reunion the other day with her elder brother, who is at a Boot" tish school where kilts are compulsory. In the evening, at prayers, she remembered her brother God bless John," she said,

went on its make ber a

Women with then came a momentary.

"and

good boy why did you speak of

John "a" her she was asked after-t wards. Well," the replied," John wears & dress now,"

INDO-CHINA

STEAM NAVIGATION COMPANY. LIMITED.

MANILA

SAILINGS SUBJECT TO ALTERATION

SHANGHAI via SWATOW

TIENTSIN

STRAITS & CALCUTTA MOJI & KORE

20

" WINGSANG' ...Thu, s2nd July, 3-pain. "HOPBANG Fri, 93rd July, D'ligat. "CHIPSHING". Sun., 25th July, Dlight ... "CH ESANG" n., 26th July, 3 p

“LAISANG *.............. Tues, 17th July, bepam,

CALCUTTA, LINE:-This Pine affords, regular_sailinge to Caloutta. Penang and Singapore returning from Calcunes steamers procped via Straits and Hongkong to Japan, occasionally calling at.Shanghai, All steamers bave excellent passenger accommodation, are Etterl with Electric Light and Fans sad carry a fully-qualified Surgeon.

D

SHANGHAI LINE: --Sailings approximately every five days between Canton and Shanghai, sometimes calling at Swatow. Through tickets can be obtained and through Bill of Lading are, Isaned to all Northern and Fangtare Ports via Shanghai.

MANILA LINE:-A weekly service is maintained with Manila by vessels with good HAIPHONG LINE-Sailings

passenger accommodation, mailings from both ports every Friday.

for rekly passengers and cargo, when inducement offer. calling at Heroximately BORNEO LINE-One mailing per month between Hongkong and Sandakan by

« steamer having up to-date accommodation for passengers. Cargo taken on through Bill of Lading for Kuadaly Jesseltor Labuan, Tawag and Labad Darnl TIENTSIN LINE -Ą regular service is an from March to November between

Hongkong and Tientsin, calling so Weihaiwei and Churoo

BEER CALCUTTA

MISENER BEER

GRAND PRIZES

SAHEBE

ASAH GER BEER

SPECIALLY PREWE FOR} EXPORT

EWERY

COMPANY

TOKYO, JAPAN

BOLE AGENTS MITSU BUSSAN-KAISHA-

APIOLINE

CHAPOTEAUT)

LADIES AR

„Kor Mnctional troubles, 'delky, zain

the sex. N

Prescribed ny vas, wighest French a diski suthorities and superior to ~Thosey, meal Drape unë Panky 1OJUL DR. CHLAPOTBANÉ, IL FOR VOKIKAPPE, BANSA.

WITHOUT FUER BLOGMENT)

VETARZO

DR. LET

LINE.

S.S.

34

CHAKSANG

will be despatched on or about July 26th, at 3 p.m. for

SINGAPORE, PENANG and CALCUTTA.

Cargo accepted on Through Bills of Lading (Transhipment at Singapore) to RANGOON, PORT SWETTENHAM MADRAS and DUTCH EAST INDIES.

For Freight or, Fassage apply to-

Tatarhony No. 215.

Jardine. Matheson & Co., Ltd.y

SEVERAL MANAGERS -

SHIRE

GLEN

AND

Joint Service of Steamers...

U.K.-STRAITS CHINA & JAPAN SERVICE.

OUTWARDS.

Vessel

"GLENSANDA'

Voamel.

** GLENGYLE"

M/V. "GLENTARATM M/Y." GLENA MOY F/S. "GLEN SANDA " M/V. GLENARIFFE

HOMEWARDS.

Leaves Hongkong

31st July

about 18th Aug

埋

22nd Ang.

6th Sept.

Middle of September

Dae Hongkong

30th July.

Discharges

GESOL, LONDON & ANTWELF. Garoa, LospON & ANTWELF. LONDON & ROTTERDAM LONDON & ANTWERP. GasoA, LONDON & ASTWEET.

Movements are subjace to change without notice.

For freight or further particulare please apply to:-

Jardine, Matheson & Co., Ltd.

The Glen Line, Ltd:** AGENTS: The Royal Mail Steam Packet Cor

Owners of "Shirt" Line:

Tal No. 11k, mh, ex 12.

Cable Addres

Iswakigen, Kobe.

Booking's, A.B.Q 5th Ed

Red Boots's Cod

Elephone: Bannomaly

2014, 2943

KAWASAKI KISEN KAISHA

(KAWASAKI STEAMSHIP CO.)

CAPITAL "PAID-UP————

720,000,000

Froident Mr. Y. Kawasaki. Vice-Presidens: Mr. E. MateuKÄTA. Managing Director: Mr. Mausta Áz

The Company had on fand a Large Sumber of

NEW CARGO STEAMERS

"ALWAYS KEADY FOR

GHARTERS of all descriptions.

The following are comprised in the Company's Ficus d

Eleven steamers of 9,100 tons each de,dweight,

**And. under the Company'v¬monasgrmeos

Twenty steamers of about 9,100 tons deadweight each Two steamers of about 6,200 tons deadweight each, Felonging to the Kavamki-Dockyard Ea,—LL}.

Fa. Gianni Roterod

172

„olker: purkkulay nggly, so tha KAWASAKI KISEN KAISHA,

(No. R. Boro, Kosuz