1923-06-25 — Page 2

Page

THE HONGKONG DAIKI PAESE, MONDAI. - JUNE 26TH, 1938.

IMITATED BY

Perfection

MAS

305new weh:500

MANY.

PERFECTION

SCOTCH

EQUALLED BY

NONE.

SOLE AGENTS:

GANDE, PRICE Q

WINE MERCHANTS, ̈

CO., LTD.

Tel. Central No. 135.

No. 8, QUEEN'S BOAD CENTRAL,

HONGKONG.

. (185

DAIRY FARM NEWS

Your and Your Family's Health

depend in a Great Measure on the Quality and Purity of the Food You use.

+1

Have You Considered

the Absolute Necessity of having Your

MILK, BUTTER, MEATS, -Etc., Ete.,

baudled, before reaching You, in a Manner that will save You all Anxiety?

We maintain an Efficient Staff under Strict European Supervision to ensure

PURITY AND EXCELLENCE IN ALL BRANCHES.

LOTOL

AND

ITS USES

Lotol Means Sudden Death

то

Cockroaches, Fleas, Huga, Ants, Silverfish and Mosquitoes.

LOTOL

is guaranteed to destroy and extirpate

every kind of insect pest

LOTOL

disinfects and will destroy in 2 minutes the Bacilli of Typhoid or other Fever.

NO PLAGUE

Where LUTOL is, there can be NO PLAGUE nor any kind of INFECTIOUS DISEASE.

LOTOL IS MADE IN AUSTRALIA.

THE GENERAL COMMERCIAL CO., LTD..

10, Des Voeux Road Central.

Sole Agents for Hongkong and China.

W P. SIMPSON

(LATE OF DISS BROS.)

Phone 3265

1836

TAILOR & BREECHES MAKER

hast opened Business at

ASTOR HOUSE BUILDING,

Queen's Road Central,

DRUGS

2nd Floor.

PRESCRIPTIONS

1785

When the Doctor prescribes he expects the Druggist to fill the prescription with Paro Drugs. - The quality of our Drogs, Medicines and Toilet Gooda is not surpassed. Have the Doctor's Prescription filled here and the result will be Patisfactory.

THE PH

PHARMACY,

THE BIL BOILOrio (oerystra Ior House Sr.)"

THE SILVER MARKET.

AMERICAN PROPOSALS.

w

SUSRENSION OF COMMUNIST P.&O.BANKING:CORPORATION

M.P.

SCENE IN THE COMMONS.

ť

LIMITED. (INCORPORATED IN ENGLAND 1990; with which is affiliated

THE ALLAHABAD BANK, LTD., INDIA.

Mr. Benjamin White has an article in The Times Trade Supplement in which he The asian debate in the House of Com states--In these abnormal days it is not

no mons on May 15th, conclude with the sarprising that a commodity such as "silver, the use of which is weven into the very suspension of Mr. Newbold, the sole Cum- the very munist member of the House. Mr. Trevelyan, texture of our daily life, should be subject for the Socialist party, had explained that AUTHORISED CAPTITAL

SUBSCRIBED AND PAID UP... Before the war in view of the Government agreeing to RESERYE FUND to unusual conditions currency and domestic necis alsorbed. SI. Krussin the Opposition would not divide most equally the output of silver. Hul it

the House not been for the regarkable instenso in the Sir P. Lloyd Gresme, President of the world's production of silver, which culminat Roard of Trails, replying for the Govern

made ed in 1911 with a total of 223,000,000 sent,

clear that

while annal increase in world's

the

would discuss mat tion (necesitating additional

with M. Krassin, they wonid

the

a)-

ere long have rendered the diviso the Government

ment.

to

ed at

... £3,000,000 £2,594,160 £90,000

...

HEAD OFFICE. 122. Leidenball Stregt, London, EC. 3. WEST LONDON BRANCH: 14-16, Cockapur Street, London, S.W. 1.

EASTERN BRANCHES Bombay, Calcatta, Karachi, Madras, Colombe, Singapore, Hongkong nad Shanghai.

The Corporation undertakes General Banking and Exchange Business of erary description zil in nullition to its Branches bas Agencies in all the principal Cities of the world.

C. CHAMPKIN. Manager.

n of supstand by the requirement that the rential plies subject to keen competition, in the conditions laid down in the Note to the course of which currency sing the price Soviet Goverject. I considerable in satisfied. Sir taken lion's share by raising Philip was subjected to too high for profitable commercial employ terruptions from the Socialist.

wilson particularly dealing with The relation between silver and currency

This topic roused Av has, however, been altered endiestly, by the age and he rulety, and angrily about war. The years since 1014 have witnessed Sir Phi

Leaning uerns the Frost the most extraordinary creation of 1aper Bench,

with

Lo yelled, "The which the world has ever seen. His money

nan is lying." Then turning to the Chair tory records

instages of a nation becoming man (Captain Fitzroy), he shouted : De so embrrassed in its finances that its you allow charges to be made against me all had recourse to the creation of paper name night without an opportunity of reply, like but never •bežore has a congeries of nations

the bourgeois that y Bean drawn into a vortex of note,onlation

ous interruptions, so all-compelling in its power as to drive and not because of the offensive epithet

Owing to his you are goki uut of circulation or into immobile re-addressed to himself, the Chairman ordered THE INDUSTRIAL AND COMMERCE

serves.

t

M

continuous

32. Dès Vaux Road Central, Hongkong.

BANK LTD.

HEAD OFFICE:

York Building, Chater Road Honggoda.

BLANCHES:

Shanghai-51. Kiangse Road. Hankow-British Concession,

CORRESPONDENTA IN:

London, New York, Chiengo, San Francisco,

Newbold to withdraw from the House. The

disappearance of gold from currency,

Mr. Neil Maclean endeavoured to pers wing to its phenomenal

allow Mr. Newbold to appreciation, preciated, the bustling and the inciting draw the expression, he had used, but as down or demonetization of silver coins alsex when their intrinsic valos excurled their the offenen was continued interruption the Chairman declined. Mr. Newbould sat nomina Legislative efforts were ineffective back in his

place,

ce, and refused to move, so to restrain the less scrupulous section of!

to request the the public from realising the silver con- Serjeant. Can had to ask the Deputy nimal in their coins at its market value. Serjeant-at-Arms

member to leave the Ilouse: When the Vancouver, BC, Honolulu, Singapore, Penang. tence many countries bave inkousth Deputy Serjeant-at-Arma approached Tientsin, Swat w. Macao, Canton and all Com sidiary coins in base metsi, and

Now bould, the Communist inenber said: kowered, the

I am here in the

of nano Communist Internationai,

declaration pro voked loud, derisive laughter from the Inquiries are welame. Ministerial side. The Deputy Serjeant-at- Arms

could only report that Mr. Nowbeld refused to leave, anti that force would be necessary."

wer the quality of th

As a result

of use

•CU

and

the

supplies, which come upon the market what steps you like." The you can take

are

not confined

mined

metal, but included demonetize mai to an extent possibly not less than ble thini of the world's production. Thus, in

of a decrease of per cent. in spite

total production on the record tal of 1911, the actual amount of silver for disposal at the present time, plus demonetized metal, exceeds the quantity avrilable in that year.

AMERICAN DOLL AR96-

The Speaker was sent for, and the hon. members recalcitraney reported to him. Further efforts were made by a number of the Socialist members, including Mr. Ramsay

to induce the 31r. to. give Newbold

The national inference would be that Mr. B, MacDonald, Mr. Lansbury, and

an

the price of silver-no longer in demand for mintage-would be lower to withdraw his remarks without pro

This has then it was before the war.

ceeding to the drastic step of suspension. not been the case. The price recently has At one time the Speaker was inclined to

mercial centres of China and abroad.

PROMPT SERVICE. ·. Attractive rates for all kinds of Deposita

T. B. MAL

1969).

Manson.

-THE

AMERICAN EXPRESS COL

INCORPORATED.

"HEAD OFFICES

NEW YORK CITY..

INTERNATIONAL BANKING-SHIPPING-TRAVEL ·

Eighty Offices are catablished in the Prinsipe Cities of the World to provide Commertis Organisations and Private Individuals with a complote World Wide. Banking, Shipping and Travel Service.

COMMERCIAL LETTERSOF CREDIT.

DEPOSIT AND CURRENT ACCOUNTS,

FOREIGN EXCHANGE. LETTERS OF CREDIT. TRAVELERS ONEQUES, LETTERS OF CREDIT. STEAMSHIP PASSAGES. HOTEL RESERVATIONS BAGGAGE INSURANCE. CABLE AND POSTAL REMITTANCES.

FURCHASE OF BILLS OF EXCHANGE. Every approved Banking Shupping and Travel Transaction.

P·J, VANHECKE,

CAPITAL (FULLT-FAID) RESERVE FUND

Manager,

RUSSO-ASIATIC BANK

Roubles.

The

35,000,000

ITE

26,060,000

Kup. Tha

3,800,00

1,750,000

CAPITAL CONTRIBUTED BY THE

CHINESE GOVERNMENT

RESERVE FUse

HEAD OFFICE: Paris 9, Rae Boodread.

DON OFFICE: 64, Old Broad Street, E:O. 2.

BANKERS:

SMOKERS CIRCLES “

LONDON: Messrs. Glyn, Mills, Currie & Co.

น Societe Generale pour Favoriser Developpement du Commerce et de lindus trie en France.

Get them at the

PARIS: Societe Generale pour Favoriser le

Developpement du Commerce et de l'Indus. "

trie

сп

France

risted 20 per cent. to 30 per cent, ahove relent, and if the House lunl been agres. / HUNCKONG "CICAR STORE. LTD. I gue do Paris et des Pays-Bas,

the pro-war level. The reason is to be able he would have allowed Mr. Newbold found in the abnormal conditions which to wear a white sheet; but Ministerialists, prevail. The whole

combined annunt of the

who had been world supply does not come into the interrup

market for disposal because, during the later defered by the continual

financial strain caused by the war, it wa impossible to spare India the gold and silver which it absorbed by ancient custom Pay ment, however,

unde for had to be

had to be

no

to agree, and Mr. alternative but to enforce

the rules of the Hous

The motion was put to suspend Mr. Sewbold from the service of the House. ition rupees

The Socialists opposed it, but they did. not put their official tellers on for the division, mint pbtain sufficient metal, and Mr. Buchanan. The figures showed for purpose in sast the duty being delegated to Mr. Lansbury silver dollars to

to the number of 330,000,000 that they

the

This

ension numbered 20.

the division was in progress Mr aus wired we won again caited on to leave wbold was being advised by his friends,

he fose and said that, having regard to the withdraw without force being necessary. -Paasing in is prnal, and ninde s profuand down the door of

and enjoy a clean comforting smoke.

(83

When in doubt about your eyer

or your glasses Consult

CHINESE OPTICAL CO.

Eye-sight Specialists.

unfailing courtesy of the Speaker, he would 67; QUEEN'S ROAD CENTRAL,

only muster eighty eight in were borrowed from the United States of the division lobby, while the supporters of Ainerics, broken up and ruminted into the suspe repees. These have been and are Leing

by the United States Mint, redactor to to do as by the percber of silver produced and refined in tile States at a dollar the ounce (50 per cent, above the present market price) roughly at the rate of 60,000,000 uuners Yeat. After deducting the amount acquir

I by the United States Mint, the remain- world supplies roughly equal the actual world output. It would see at first sight that even these ought to be excessive for world that has practically ceased to mint silver.

ed

House,

turned

the bow to the chair, a regurkable change from the occasion when he acted as a teller in a division and refused to bend the head. Mr. Newbold's departure was the most graceful exhibition of department he has yet shown in House of Commons.

of this incident was that Sir P. Lloyd-Dreame was not able to finish his and the Opposition motion was

вревск

talked out.

Again the explanation is that the times are out of joint. Far Eastern countries haver always been extremely sensitive turing perials of unrest, even though they them selves liave escaped being enmeshed in the curmoil. Still more sensitive were they likely to be when they, too, were into the wide net of the war India, den? the service. of the Hons as the result of

By

Under the Standing Orders, the suspen- sion of a member continues until the end of the Ression or until he is reinstated in

the climax of the war the imports of a motion made by the Leader of the House. and silver which she locked by

for

Tete Saith, was tabled 10 the names of "Mr. Lete again open, has imported bath metals in Mr. Ponsonby, and Mr. Pringle, in the record! quantities. In 1922 he acquired following terms: To call attention to the nearly £20,000,000 of gold and over ruling of the

000 worth of silver. China and India to the hon. meinber for Motiwallard

deputy chairman

Orial

custom, now that the door Immediately after the above scene a motion

and to

together took last year about 140,000,00move: "That hon. member should be ounces of silver-certainly a record amunt, given an opportunity to withdraw an un Will this large shorption continue Parliamentary expression before being called

lies in the The answer international

the upon to withdraw from the House."

trendi

Although

to

economie

restoration of health would mean a demand for Indian ducers in the United States, or by brokers And. Chinese products and remittances, ellers in the heart of that city whence tacting impartially for buyers and be remitted on a silver basis, it is possible, and indeed probable, that European mann- radiate the tentacles of international.com. factured goods would be largely a minedings of a trust and is fumiliar with the sent in merce. Anyone who has studied the work- exchange, and that the ease of

reason.

by quiet commercial intercoure

coure would quotations of the London silver market Jessen the demand for precious metals has no doubt as to which of the two When the great peoples of the East decline deserves, the epithet of "arbitrary." to accept goods for goods and demand Fortunately for the world, an obstacle precious metals alone it may be assumed, stands in the way of the effective estab as a rule, that fear of future stability is the fishment of a silver trust, and that is the The need of the work! is a lowering of fact, that London the world's silver the actual price of silver. The lower it is market, The most important desideratum quoted in the market, the cheaper to the at the present time for the weal of the pour folk of this listressed world are the world is stability of exchange. This is food and raw materials which the ridrot to be gained by making greater use sunshine and manifold labour of the Orient of an unstable commodity like silver, can produce luxuriantly for our needs either in currency or as a reserve, bat by The lower the willing are Far Brice of silver, the more building up gold reserves in countries with Eastern countries to export depreciated currencies and making them their wares, delighted to obtain payment in effective-it nicessary a new currency. auch generous terms expressed in silver. values. Meanwhile, if th.. value of silver.

SENATOR PITTMAN'S LETTER."

be left to the free working of supply The United States of America is con- and demand, the price of food and raw sidered, in the opinion of sonte, to have material throughout the world cannot fail lost the most magnificent opportunity in the long run to be influenced in favour that his over came within the reach of of the world's workers. The remarkable great nation. The war gave her the op-rise in the price of silver to 80ld. per poftunity of gaining the financial supre-standard ounce which took place as a con- inacy of the world. She failed to obtain sequence of the war was by no means an it because her people were unable to view inconsiderable factor in creating the evils. her destinies from a world standpoint. which have inflicted, and still inflict, such The United States of America is prao dire.distress in these troubled times. tically a continent, but has the restricted outlook of a small island, Great Britain

PITMAN ACT PURCHASES.

is a little island, but has the broad vision It is pointed out in the bullion of a continent. This defect in the outlook circular of Messrs. Samuel Montagu & of the United States applies to several Co., that about 12,000,000 ozs, have stil}' departments of her national life,

to be purchased under the Pittman Act, Senator Pittman.has published a letter and about 28,000,000 ozs of the total in which ho, objects to what he describes amount are not yet delivered. The as the world's price of silver being fixed director of the United States Mint an

arbitrarily in London. Were the nounced in March that silver purchased f question argued before, a world tribunal, by him could be delivered as late as it would be pertinent to ask which is pre- October 1st, 1924, but the Firm hear, from forable, that the world price abould be private advices, that delivery might even fixed by a silver trust controlled by probe extended to a later date if the sellera

(Gostinued at foot of negl column.)

so desire.

Bongkong.

Societe Generale pour Favoriser le

Deverance Commerce et de Indus

trie on

NEW YORK: The Irving Bank-Columbin

Trust Company.

BIN FRANCISCO: The Crocker National Bank

of Ban Franclaco.

*BRANCHES IN ASIA :

Harbin

Changchun Hankow Manchouli Tiantain Chelco Dairen

Hailir

Newchwang Uruitchi

Hongkong Peking Kasbgar Shanghai -

Yokohama

HONGKONG BRANCH:

Interest allowed on Current Accounts and Fixed Deposits, Terms on application. Local Bills discounted.

Foreign Exchange on the Principal Cities o the World bought and sold.

K. A. RODGERS,

537]

Manager

NOW ON SALE.

THE

DIRECTORY AND CHRONICLE

야

от

CHINA, JAPAN, BRITISH MALAYA, INDO-CHINA, SIAM, PHILIPPINES, NETHERLANDS INDIA, TO

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*1923.

SIXTY-FIRST YEAR OF PUBLICATION.

La NOW BEING ISSUED AND CONTAINS

ALPHABETICAL LIST OF FOERIGN BUSINESSES, THEIR PRESONNEL AND AGENCIES.. CLABAJFIED BUSINESS DIRECTORY OF THE CHIEF TRADE OKNTRES

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38

AN “EXTREMELY USEFUL” - BOOK,

Writing from Singapore, under date March 31st, 1922, Bir Goliray Thomas, Private Secretary to HEH.

THE

PRINCE OF WALES, says;--

Siz,-I beg to acknowledge the receipt of your letter of the 23rd instant and am desired by the Prince of Wales to thank you for the copy of the 60th annual edition of "THE DIRECTORY & CHRONICLE FOR. CHINA, JAPAN, THE STRAITH SETTLEMENTS, 170, To" which His Royal * Highness"lias best pleased to accept, and which will be extremely

useful during the remainder of the tour.

The Managing Director,

HONGKONG DAILY Paze, LID,

HOTGKONG.

Yours faithfully,

GODFREY THOMAS,

(Private Secretary.)