1923-09-04 — Page 3

Page

SPECIFY

S. K. F.

BALL

BEARINGS

ON ALL MAUHINES YOU ORDER.

We can supply Bearings for all kinds of Machines, POWER SAVING, NO HOT BEARINGS. SELF ALIGNING,

REQUIRE LESS ATTENTION,

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel. Central 236,

SOLE AGENTS FOR HONGKONG.

Address: 3, Queen's Buildings.

OKEh

CELEBRITY RECUEDS BY ARTISTS WHO ARE MAKING MUSICAL HISTORY AND WHO STAND AT THE VERY PINNACLE IN THE OPERATIC AND CONCERT FIELDS ARE THE DOMINATING FEATURE OF THE SHIPMENT

JUST RECEIVED BY US, THE BEST

EVER RECEIVED IN THE COLONY,

VOCAL.

GRAND OPERAS.

.. Riccardo Stracciari, Baritone.

Nine: Plocalnga, Tanor,

I FAGLIAUCI (Leoncavallo) Prologus

Do

dor

Vesti la giubba

Do.

io.

· (On with the Play) Q. Colombina

...G. Zeuxiallo, Tener."..

(Harlequin's Serenade)

BARBER OF SEVILLE. (Ronnisi). Numero Quindier

Dat

いな

(Number Fifteen)....A. Bonci (Tenor) and Ferrucció

Corradetti (Baritone).

Voi dovresti travestirvi

(You must disgnisu yourself)

|*TANNHAUSER (Wagner) Oh! tri bell "astro

I VESPRI SICILIANI. Aria de Montforti

APO

(The Evening Star)

(Montford's Aria) 'LUCIA, DE LAMMERMOOR (Donizetti, Tn ebe's

Do.

...Pasquale Amato, Baritone.

...Riccardo Stracciari, Baritone,

Dio, spiegnati l'ali ...Alfred Ficcaver, Tenor. (Thon hast spread thy wings!******

TOSCA E lucevän le stelle (The stars were chiting). Nino Piccaluga, Tenor. MEFISTOFELE (Boite). Son lo spirito

...Adamo Didar, Bass. *RICOLETTO (Verdi) La donna e melile ...

***

IM

ANT

...O. Lmori-Volpi, Tenor.

OKEH STUDIO..

8, DTS VEUT ROAD CENTRAL (CORNER OF ICE HOUER STAZIT), TXL No.-CENTRAL 4459.

NOTICE.

MESSRS. FINDLATER, MACKIE, TODD & CO., LTD.

WINE & SPIRIT MERCHANTS;

LONDON.

The Agency for this Old Established, and Well Known

Firm has been transferred from CARTERS, to JAMES

H. BACKHOUSE, LTD., No.IA, CHATER ROAD.

RADIO PARTS

Just Arrived.

NIKKO & CO.

71, Des Vœux Road, Corner Pottinger Street.

WAYGOOD OTIS

IFTS

For particulars and quotations apply

The Sole Agents-DODWELL & CO., LTD

TELEPHONE q. 1030.

MACHINERY · DEPARTMENT.

4TH. 1933

HONGKON” DAILY PRESS, TUESDAY, SEPTEMBER 4

BRITAIN'S ACHIEVEMENT IN

DEBT REDUCTION,

PRIME MINISTER'S REVIEW.

"FINANCIAL HUB OF THE UNIVERSE." Alderman Lord' Bearsted gave the toast "Our Merchants and Bankers." He said that in spite of the trials it had gone through, England was, in a financial aense, still the hub of the universe.

But settlement or not, our path, as guardians of the public, parse, les straight before us; and straight it must Tie for our successors. There is only one road to trend, the road of economy, of deist redemption, of sound, prudent, and careful finance-thear, hear)--remember- The Right Hon. Stanley Baldwin, who ing that above and beyond all things for for the time being fills the office of Chan this country, industrially, commercially, cellor of the Exchequer as well as that and financially, Hes the maintenance of of Prime Minister," was the principal | that credit of ours-(hear, bear)—which guest of the Lord Mayor, the Right Hon. †carried us through the French wars a Edward Cecil. Moore, at the annual han- | hundred years ago, which carried is quet given to the bankers and merchants | through the war from which we have just of the City of London, at the Mansion emerged, which is carrying us-to-day, and House, on July 4th.

which will and which must always carry The Lord Mayor proposed "Prosperity, do long as we may hope to keep our to the Public Purse and the health of the place in the front of the nations of the Chancellor of the Exchequer. The past world, industrially, commercially, and year, like the one before it, he said, had financially, (Cheers.) not been without its anxieties, both for the Government and for the great banks and other Financial houses.Trade had made some progress towards recovery taxation had been slightly reduced, while at the same time our financial obligations abroad had been duly met. (Hear, hear.)

Mr. Montagu C. Norman. Governor of The burden of taxation had been heavy, the Bank, of England, responding, said but without it we could not have met our the last year had been one of disappoint obligations in the way we had done, and ment. Bankers felt that they were suf- thus have retained our position as the fering from ills which were not of their financial centre of the world. With the own making, and which were not in fact financea of some of the European coun-home-made. The confusion in which wo tries in their present condition, it would lived was due, he suspected, to the clash be unreasonable to" expect international of internationalism against nationalisa trade to expand on a large scale. This internationalism was part of the tradi-- formed a useful object-lesson on the evils tion of all the trading nations, but low of inflation. Nearly all their City friends understood the nationalistic spirit as it would agree that deflation, slow, but sure, existed to-day in various parts of the was the wiser course for Great Britain world. We saw around us in Europe, and to pursue. (Chears.) Bankers and mer- even farther afield, nations which sought chants were confronted with the develop to impose upon us a state of things of ment of the problem of continuing with which we had never dreamed before... the large European populations the inter-peoples who wished to live themselves in, change of commodities due to the un-economic health, but their neighbour to stable means of payments at present be as it were au economie corpse. The existing in those ancient countries. It historian would probably say that that might be that by the rearrangement of was the trouble from which we were auf- populations and interchange within our fering now. Until this upheaval, was at own undeveloped Empire, we might find an end we should not see the state of an equivalent more specilily and on a affairs' which was essential for the econ- sounder basis than by awaiting the re-

omic sanity and the trade of the world. nuissance of continental Europe. (Hear, He believed this thing was working out, henr.) The integrity and solidarity of the Meanwhile we needed patience. He was pound sterling, which had always been not despondent, though the pence had not the envy of the world, must be "inain-

come so quickly as we hoped. There was tained at all costs. Although under the one thought, one prayer. for to-day- stress of the war our pound sterling be- "Give peace in our time. O Lord, for came depreciated in relation to many without it we perish" (Cheers.) other foreign currencies, we had only, to look down the list of foreign exchanges to-day to see the rapid strides we had mado towards recovery. This could not have been done, without considerable sacrifice on the part of our people. "The one great hindrance to any substantial recovery in the European situation was no doubt the burning question of repara- tions. They all hoped and trusted that before long, some way would be found to overcome present difficulties. (Cheers.)

A BALANCED BUDGET.

|

|

ONE PASSENGER TAXICABS.

A PARIS EXPERIMENT.

The Prie Municipal Council has authorized eyelecar taxicabs, designed to carry one passenger, to ply for hire, and it is expected that the first of the new vehicles will is on the streets at the end of this week. Twenty-five cabs of this type: will be added each month until the pre- posed total of 250 is reached,

These light vehicles will base የ#- four. The Prime Minister, responding, said:gines of from

five horse. Those in charge of the public purse bave, hoods and the passenger will sit be power They will have removable since the first year of peace, reduced the side the driver. The expenditure of the country from over will work but at about half that of the fare. which *20.000,000,000 a year to but little over ordinary taxicab, will be 60 centimes (m

Es00,000.000. (Cheers) The staff in the inally G.) for the first 650 yards and 10 Government offices has heen reduced to centies (nominally id.) for every addi such an extent that today is it 18 to 20 yards, and the charge for wait per cent. in than was ing time

Gfan bour

will

before the war, and with that we have Not only will the new taxient be cheap. to remember that, we have a vast armyer, but it is hoped that the consequent devoted to the service of those who earn competition will bring down the present

Do you take a Frida in your. Table Linen 2

Has your Cloth, Fine Spreads, Centre Pieces got that Snowy Whits-

- nese and Fino

Gloss that

'makes

other

Woms Proud

of their Table Тіпед?

Sanitary Laundry

Service.

Dyeing and Dry-`

uleaning of all Descriptions.

il

STEAM LAUNDRY CO.

HEAD OFFICE and WORKS · ZAUMATI, Tel. E 42. HONGKONG DEPOT: 16, Stanley Street, Tel. 0 1279.

62, Praya Hast. -- KOWLOON DEPOT: 19, Canton Road. CANTON: 10, Sharki Central East,

Write or Phone for PRICE-LIST.

PIANOS FOR SALE OR HIRE.

TSANG FOOK PIANO. CO.,

TEL. 2127.

94, WASCHAL ROAD.

SOME. DISTANCES IN THE SOUTH CHINA SEA AND PHILIPPINE ISLANDS

On Sale at

-- BY CAPT. G. H. PENNEFATHER,

BREWER & Co., Pedder Street,

YE OLDE PRINTERIE, LTD, Queen's Road.

OUR

RATES OF HIRE

ARE AS FOLLOWS:

ed their pensions from the war, as well rate of fares geserally. It is held that the SMALL CARS

as other services introduced during the war and maintained of necessity since. And finding that nearly half our income goes to the payment of interest on deht, we have in three years out of income reduced "our debt to £130,000,000. (Cheers.) And since the Armistice we have nearly halved the floating debt from £1,500,000,000 to £800,000,000. We have paid off all our foreign debt-except the "American-£20,000,000 to Japan, £25,000,000 to South America, as much again market loans to Canada-debt' all over the world, the most difficult and dangerous debt-external alebt. We have balanced out Budget and we have estab lished in these years a statutory sinking" fund. (Cheers.)

As the Lord Mayor has "said, these things have only been accomplished at a price. But at that price we have main tained unimpaired the credit of this City and of our country. (Cheers.) That credit is the life-blood of commerce, on which our lives and the feeding of our 'peoples depends. But more than that. wanting. Credit alone cannot restore the trade of the world, cannot along give us that export trade we need. For all trade, and for export trade, no less than for the home trade, whatever financial devices may be arranged and secured, all trade comes down in the end to there being someone in some country in the world who will buy what we muke, and, having hought it, can pay for it. (Cheers.) · And what we are suffering from is the devasta- tion that was caused by the war, and that, for one reason and another, none of the belligerent countries has been able yet to tread in that same stem path of rigid economy and self-denial anil taxa- tion of the people that we have trodden in for the last five years. (Hear, hear.) We have attempted, and with success-a success owing largely to the City of Lon- don under the leadership of the Governor of the Bank (hear, hear)we have suc ceeded in lieginning the restoration of Austrian Enance, and surely, where the way has been shown, the same path can be followed where there is a will

You, my Lord Mayor, spoke about, some, of the difficulties that face us at the moment. We all know there is no greater difficulty than the equitable settlement of reparations, the want of which settle- ment must be more and more felt in the, international trade of the world. We have just made an offer to our Allies pro- posing the first steps towards 'n settle. ment, conceived in such a spirit that I. might fairly hope that success might uitimately attend.onr efforts. (Cheers.) Believe me, that on my part I shall leave- nothing undone to bring about a settle- meut.should it be within my ower, and if our efforts should prove after all un- successful there is no one in this room who will regret it more profoundly than: I shall

chances of sucess are better than in the case of the taxi sidecars tried not long ago, which failed to bring in a sufficient return, and which were also leg comfort- alle for the passenger-Timex

LARGE CARS

$4.00 per hour

$6.00 per hour

WAITING TIME

Half Rates

}

HONGKONG SHARE MARKET

CLOSING QUOTATIONS

Sar: 3rd 1923. Hongkong and Shanghai

Banks......

# 1,090 MA Union Insurances... ....5 2371 b., 23 ! xx. Steamboats

Chins Sugars Langkats (Combined) Whampoa Docks Hongkong Hotels Ewo Cotton Mills Cements..........

Dairy Farms.

Waton-............ "Hongkong Electrics

*

213 B.

Tis. 311 b.

...$ 132 b.

... 201 b Tla... 12.40 b.

te h., 9.10%.

L 94,90/25,30 km.

..8 23 5.

39 b.

Hongkong Trams... 23.30 b.

b-bugera; alteri; saialer.

THE DRAGON

MOTOR CAR

CAR CO., LTD.

S. O. A. E. O.

THE FAR EAST OXYGEN AND ACETYLENE CO., LTD.

DEALERS and MANUFACTURERS of "Oxygen, Acetyleno, Carbonic Anić, Ammoniac, Anhydrous sulpurous gasés, Carbide

Calcium, Motor Cycle soetylens tanks, and all necessary

equipment for low and high pressure autogenous welding.

Autogenous welding of all metal by Oxy-acetylenzo and

Electria, processps.

Boiler Repairs a speciality.

Apply No. 20, Des Vaux Road Central, 2nd Floor.

Tol. Central No. 2544.

Prompt refiling at moderate prices of all kinds of

Cycle sestylans tanks.