1924-01-26 — Page 3

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THE HONGKONG DAILY PRESS, SATURDAY, JANUARY 2612, 1921

Foamite Firefoam

THE MOST EFFECTIVE FIRE EXTINGUISHER.

SOLE AGENTS FOR HONGKONG AND SOUTH CHINA:

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel Contral 236,

2, Queen's Buildings,

THE “STRAND? PHONOGRAPH.

Built by America's Foremost Mechanicians, the STRAND" is the Latest Creation in the 'Phonograph- Line.

its Outstanding Features:

The following are but a few of

:

1.- is built of the Best Materials to withstand the climatic

"conditions of Tropical Countries.

2.-It is Artistically Designed and Beautifully Finished.

S.-Its Tone is Round and Full-surprisingly Life-like.

4---Ì: plays all kinds of Disc Records, including Paths and Edison,

without Change of Attachment.

Call for Demonstration at the

OKEH STUDIO,

8. Des. Your BoaD CENTRAL (CORNER OF Ice House STAKET).

TEL. No.-CENTRAL 4453.

CARRERO VIDAL & Co.

MANUFACTURERS OF STEEL BARRELS for the exportation of any kind of oild

Sole Agent for China G. B. CABALLERO

CFFICE: 36, Ice Erise Etrect!

P. O. Por 625.

PIANOS FOR SALE OR HIRE.

TSANG FOOK PIANO CO.,

TXL. 2127.

94A, WANCHAI BOLD.

YE OLDE PRINTERIE, LTD. PRINTERS, BOOKBINDERS, ETC.

14 QUEEN'S ROAD CENTRAL

· (Nxir Doon ro Kasabus),

V. C. LABRUM, Managing Director.

INVALUABLE TOILET and

Obtainable at

HYGIENIC POWDER.

FRENCH STORE

Beaconsfield Arcade

CRYSTOL ANTISEPTIC

CRYSTOL

TOILETTE

Used morning and evening by all Ladies who

care for their health

WHOLESALE, 8, rue Vivienne, PARIS

AND AT ALL. DRUGGISTS'

THE ILLUSION OF WEALTH BLUE BIRD

[BY AN ECONOMIST IN THE DAILY MAIL"]|

More than half the troubles of the world are due to the illusion that money is wealth, that all can be made prosper ous by taking money from the wealthy few and distributing it among the many.

To the individual, money is wealth." It somebody gives me £2,000 I can buy a good racehorse. If everybody is givea £2.000. everybody might wish to buy a racehorse, but as there are only a few thousands of them, not ten millions, most There can- of us would be disappointed. not be wealth for all, exactly as there cannot be racehorses for all.

Wealth consists not of money but ex- clusively of goods. Prosperity is created by an abundance of useful and necessary as houseroom, furniture, goods, such elothes, food, am the like.

Money, after all, represents goods and nothing else. A man is satisfied with his wage because he can buy with it what. ho 80 галу requires. He receives not pounds per week but an adequate quan. tity of food, clothes, and umisements ia the shape of cash. He is no better of if his wages are doubled unless he can "buy with then a larger quantity of food, Otherwise the clothes, and ariusements. doubling of wages will merely all the workers pockets with more or less use less notes.

The Socialists tell us that the wealth of the rich creates the poverty of the poor; that this social injustice should be abolished by the equalisation of wealth among all.

Mr. Sidney Webb and other Socialists have informed us that half, two-thirds, or three-quarters of the national income is "taken

by the wealthy few, while the rest goes to the impecunious ninay. They have told us that modern machinery turna out gigantic quantities of clothes and hoots, that all could be made well-off by A just redistribution of the national income.

The wealth of the nation consists not of pieces of paper and discs of metal called money, which are entirely useless for practical purposes, but solely of goods such as land houses, factories, mines, commodities. consumable ships, and Similarly, the income of the nation con sists of the goods produced every year. and of nothing else..

It follows that one cannot make the

ICE CREAM

AND"

CONFECTIONERY

PARLOR.

Corner of Pedder St.

AND

Queen's Rd. Central,

16

Old Post Office Site,

TRY OUR

DELICIOUS

SPECIAL

COFFEE

65 cts, per lb,

masses more prosperous by distributing C. E. WARREN CO., LTD,

money, but only by increasing the quan- tity of goods available. This can be done odly by producing more. One cannot dis tribute the goods which are not there.

SANITARY ENGINEERS,

MONUMENTALISTS, &c.

OFFICES & 984, Wanchai Road;

GODOWNS.

Mr. Webb and other Socialist statis- ticians tell us that the rich take half the national income er more. The rich and well-to-dig are few in number. They, like every one of us, can take their incomeTEL No. 289. only in goods. Is it then believable that the rich use as much clothes and boots and eat as much food as the 45 millions or so who are not richt

The Socialist statisticians have grently exaggerated the income of the rich. However, it is certainly considerable, and they take their income in goods, like the workers. What goods, then, do they ob- tain with their large income?

The masses invest their income in their They daily wants and amusements. spend, of course, vastly more in picture theatres and the like than the rich do at the opera and elsewhere. However, invest their income

while the able goods, the rich!

chiefly in

invest theirs mainly in non-consumable values, in factories, machinery, and ships, which provide the masses with the goods and food they require. With their say ings the rich construct roads and rail- roads, waterworks and sewers, wash. houses and pleasure grounds, and so forth.

The machinery of production rapidly wears out and the number of the people increases every year by several hundred thousands. If their savings were taken from the rich, the expansion_of away production would come to an oud. The distribution of money could not improve the conditions of the poor. If all the rich should disappear to-morrow, and if all the food and clothes consumed by them were distributed among the million, nobody would be noticeably better off.

WHAT LONDON ESCAPED

22

Admiral Mark Kar, taking part in a debate on "The Navy, the Air, and the Empire, at the Royal United Service Institution, mentioned that in 1917 the 9,000 Gormans determined to build

Drer big bombers to attack the factories

around London. Great Britain got information of that, and the only way to meet the menage was to build bombing squadrons to attack the enemy bombers as they wen and destroy the factories collected, where they were being built. Our bom bers were able to get there just in time, otherwise a great part of London would have been laid waste, and our output reduced to much an extent that we should The little probably have lost the war. raids that came, he added, reduced our output

50 per cent

HONGKONG SHARE MARKET

"ULOSING „QUOTATIONS

Hongkong and Shanghai

Banks

JANUARY 25T, 1924 .........$1,135 b... Union Insurances

$236 b. Douglr Steamships.......167 b. "Star Ferrics..... 463.b. Kowloon Wharves ma $177, 178.8

$152 b. 3108 h., 105/108. Hotels

428 b., 281 s. Ewo Cottons. T. 12; b. Cements

1861 b, 37. Hongkong Bapes $60. Dairy Farms Watsons Hongkong Electrics.......339) 6., 3713, Hongkong Trams 263 b, 261/27 un.

h-buyers; -gellars; in-talve.

..............$24† h., 25Į BIL.

.......... BA,

HONGKONG.

OF BUILDERS' ALL KINDS

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GENERAL REPLIES PROMPTLY ATTENDED TO.

Specialists in Monumental Work-Cat in Italian Marble or Hongkong Granite.

UST RECEIVED: A SHIPMENT OF ITALIAN MARBLE FLOOR TILES. Prices on Application. ARTIFICIAL WEXATHS-PRO 8" to 18" DIAMETER IN STOCK.

[1489

When in doubt about your sys# or your glasses Jonsult

CHINESE OPTICAL CO.

Lye-sight Specialists

67, QUEEN'S ROAD CENTRAL

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CAN I

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THE MOST DELICATE FABRICS RENOVATED WITH ALL. THE ORIGINAL BRIGHTNESS OF COLOUR REVIVED.

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HEAD OFFICE and WORKS: YAUMATI, Tol. 3 HONGKONG DEPOT:14, Stanley Street, Tel. C 1879.

P

62, Praya East... KOWLOON DEPOT, 19, Canton Road

KOWLOON HOTEL DEPOT.

CANTON 18, Bharki Central, East.

BEND FOR)

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MATSUMURA,

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GREAT REDUCTION SALE

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including Swatow Drawn Work, Canton Embroidery, Hand-made Laces, Ivory-wars, Beaded Works, etc., etc.

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THE FAR EAST OXYGEN AND ACETYLENE CO., LTD.

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Prompt railling at-moderate prions of all kinds of Motor Gyala nastyions, tanks.

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