1924-02-02 — Page 3

Page

THE HONGKONG DAILY PRESS, SATURDAY, FEBRUARY 2ND, 1994

Foamite Firefoam

THE MOST EFFECTIVE FIRE « »

EXTINGUISHER.

SOLE AGENTS FOR HONGKONG "AND SOUTH CHINA:

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel Central 336.

CLARET.

The "LANCET" zaje

#Queen's Buildings,

"In addition to the Tonic Properties of Claret, it's value in increas- ing the appetite and aiding digestion is of great importance. Many Patients who can eat but little and so loss strength, improve very musak if they take Wine with their meals.

CALDBECK MACGREGÖR & CO., LTD.,

VINTAGE WINE-MERCHANTS,

15, Queen's Road,

Offer a Large Range of Good Sound Wines and the following Fine Vintage CLARETS

"RED

גן

DUTT PAID. ...$34.00 dor. ... $1.00.

41.00 m

Chatean Latour

1016...

10...

Chateau Haat Brion.

Lafte

D

1915.

... 34.00

Brane Cantenac

... 36.00 ....

WHITE

DOTT PAID.

...$36.00 doz

i ...

36.00 31.00

Chatenn Suiduirant 1914 "

Guirant

1916 *-*

Connoismurs go to CAJ DBECKS."

4. Babaud

Telephone K711.

BICYCLES

LADIES', GENTLEMEN'S OR TANDEM FOR HIRE OR SALE, NEW YEAR SALE Boys' and Girls' Bicycles Just Arrived.

HANG LEE CYCLE CO.,

39; HAIPHONG ROAD, KOWLOON,

Next to PALADE HOTEL,

ESSENTIALLY

NUTRATIVE

and

TONIG.

Obtainable at

FRENCH STORE

Beaconsfield Arcade.

SAN FRAMEDI

Telephone K711.

VIAL'S

SELF DIGESTING. FOOD

for infants, bafora, during, and after (woaning.

VIAL'S FOOD

assists the dentition and growth of children; it it also highly recom- mended to persons with weak digestive powers.

Wholesale | B, Rne Vivienne, PARIS 'and at all Druggists

The New Route to EUROPE

FROM the Orient via the Admiral Oriental

Fline to Seattle or the Pacific Mail Steamship

Company to San Francisco, to New York by rail to Europe via the United States Lines. Through reservations at special rafes. U. S. Lines Agents in Seattle and San Francisco meet all ships. - UNITED STATES LINES

ADMIRAL ORIENTAL LINE

De Your Road, Heegloog. PACIFIC MAIL STEAMSHIP COMPANY

Agents

Quéma's Balldine, Hongkeus. Agendes in Principal Cities

Managing Operators for U. S. SHIPPING BOARD

VALUE OF THE RUPEE BLUE BIRD

SIR BASIL. BLACKETT'S WARNING.

Sir James Wilson's suggestion of giving tho zuper a fixed exchange value of 7.35 grains fine gold and to amenii the pre- ont law in order to make the sovereign legal tender in India at the pro-war of Rs. 13, instead of Rs. 10, is a counsel of perfection, says the Calcutta Statra DECIF. The advantages of a fixed **- change rate are obvious, but it is realised in commercial circles in India that much as is a fixed rate of exchange desirable any attempt to do so by artificial means at this stage is likely to produce more. harm than good. •

The Associated Chamber of Commerce at their session in Bombay in Dec. made no secret of the feeding of apprehension enters tained in commercial circles regarding the cons.quences likely ..to ensue from any attempt to alter the seminal ratio of the rupee to the sovereign at the present of rupee to thy sovereign at the

present

ICE CREAM

AND

CONFECTIONERY

זי

PARLOR.

mement. Is Sir Arthur Froom's resolus Corner of Pedder St.

tion which the Associated Chambers of Commerce accepted near con.," it was clearly stated that this Association is of opinion that no alteration of the nomical ratio should be considered until world conditions become more stable and until the internal finances of the country have been restored to a sound basis"

The resolution further stated that the question of reverting to a ratio of Rs. 13 to the sovereign or any other ratio should then be, examined by the Govarn- ment in consultation with the Chambers of Commere before it is made the sub- jeet of raquiry by special commission.

STABILITY NOT' POSSIBLE.

Bir Basil Blackett, speaking on the re- solution, pointed out that while our. reserves are ample in case of need for the support of exchange to the extent

AND

Queen's Rd. Central

Old Post Office Site,

TRY OUR

DELICIOUS

necessary to maintain the value of the SPECIAL

rupee at sixteen pence" the kind of wtability which is possible at present by adopting a policy of stabilisation in terms of sterling at is 4d. is not, desirable. The Finance Minister shen exhaustively dealt with the probable results of the policy of stabilisation..

The pound sterling, he said, although relatively stable as compared with the German mark or the French franc was still 10 per cent, below its pre-war parity. In fixing the ratio of exchange for the

COFFEE

65 cts, per lb.

rupes at 14. 44. India must resort to C. E. WARREN CO., LTD."

a policy of indation as the rupeo now stand at 18. 3d. But this is not all. With exchange all over the world in a state of uncertainty to fix the rate of exchange would be to drag the ruppe into the maelstrom of violent Auctuation of values.

KO JUGOLING.

With Sir Basil Blackett's. ctndid con- fession that the attempt of the Govern ment of India to fix the exchange value of the rupee at 2, has proved a failure, no one, not even the most ardent advocate a fixed parity of exchange, can eon- scientiously ask the Government of India to ignore the lesson of its previous essar in the stabilisation of exchange.

As far

far as can ba ascertained commergjal

is Calcutta is opposal to any opinion a attempts at the present moment, wi- jugg- ling

with the ratio of exchange.

stabilisation, if realised that n policy of

a greater adopted, is likely to result in disturbance in exchange than if the fate of exchange were left to adjust itself to the circumstances.

The case of the pound sterling is quot- ed to point a mora.

in spite of the strong position occupied by the pound sterling in the arena of exchange the mere possibility of a change of Government_res sulted in a decline in its value in New York, and the decline was tangible..

When rumours lead to a stampede in exchange it is inadvisable, as Sir Basil Blackett has shown, to fix the ratio of excharge of the rupee in order to gain the privilege of being dragged behind the chariot wheels of the Federal Reservo

* SANITARY ENGINEERS, *

MONUMENTALISTS, &0.

OFFICES & GODOWNS.

TEL. No. 269.

98A, Wanchai Road,

HONGKONG.

ALL KINDS OF BUILDERS' REQUISITES IN STOCK.

Soil, Vent and Rain Water Pipes. Floor and Wall Miles. Basha, Basins. Bath Fittings. Waterheaters for Gas, Oil or Coal Fuel. Also A Few Chip Hesters.

OPEN AND CLOSED GRATES. COOKING

PANGZO.

ESTIMATES FREE FOR ALL SANITARY

INSTALLATIONS, HOT WATER

SYSTEMS, &C.

GENERAL REPAIRS PROMPTLY

ATTENDED TO..

1)

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

UST RECEIVED: A SHIPMENT OF ITALIAN

-MARBLE FLOOR TILES, Prices on Application: ARTIFICIAL WREATHS--FROM 8 to 18"

[1458

DIAMETER IN 'Stock.

Board of the United States of America. HOP SING & CO.,

7000 MILES AIRWAY.

PARIS TO BUENOS AIRES.

The French Air Ministry has promised. financial support for what exporti declare! will be the world's richest airway from the point of view of the volume of express 22, mails and freight carried.

Promoted by the Société Aeronautique du Sud-Ouest, this airway (writes the Air Correspondent), covers a total distance of nearly 7,000 miles, starting from Paris and going via Bordeaux, Lisbon, Casa blazen, and Dakar.

the Atlantic to

Aires, Rio de

ja South Amerineiro, and Buenos

In the initial working of the scheme, mails and goods will be carried between Dakar and Pernambuco in the 25-knot steamers of the Compagnie Sud-Atlanic, but designs are already in hand for huge multi-engined seaplanes which will make the ocean crossing and enable leads to be airborne right from Paris to Burnos Aires.

HONGKONG SHARE MARKET

CLOSING QUOTATIONS

FEBRUARY 18T, 1924.

Hongkong and Shanghai

"Banks ...... .................$1,150 u. Union Insurances.

238 b. Donglas Steamships.......267 b. A.K., C. & M. Steamboats 848 b. *Star** Ferries

Chias Sugar

Whampo o Docks .... Shanghai Docks

1270 b.

Kowloon Wharves ... 8181 b., 182

-$1071 b., 188 28..

T. 02.b... Wharren .................... Tie, 1774 b.

Lands...

Hotels

Сетевы Hongkong Ropes

$107 b. 107/108,

........... `$20 b.. 27Į es. $25 b.

37

China Provident....... Dairy Farms

Waterboats

Hongkong Electrics

China Lights

Hongkong Tram

..................

"81 all" Transports,--... -

B.-buyers; 2—sellega; sa -sales.

TYPEWRITER

DEALEKS & REPAIRERS, Supplies and Ribbons for all Makes

of Machines.

Pattinger Street. Tel. C. 3212,

BRANCH OFFICE :

132, Tak Hing Kai, CANTON.

Dirt

in Solution

་- Extracted from 5ко- posedly Cleaned Qarments

DO NOT TRY

TO REMOVE

DIRT, STAINS, ETC., WITH

A BRUSH.

You Don't Clean Boiled. Handkerchi

with & Clothes Brush..

OUR DRYCLEANING PROCESS WILL ENSURE YOUR CLOTHING BEING FREE FROM GERM DUST AND OTHER DANGEROUS MATTER, WHICH WINTER GARMENTS GATHER. WHEN WORN...

EVERY ARTICLE THOROUGHLY STERILIZED WITH LIVE STEAM WHILE BEING PRESSED.

BATISFACTION ASSURED,

STEAM

LAUNDRY CO

HEAD OFFICE and WORKS: TAUMATI, TË, E 82. HONGKONG DEPOT:15, Stanley Street, Tel. 0.1979.

61, Praya East. KOWLOON DEPOT: 19, Canton Road,

CANTON: 19, Sharki Central, Eart. KOWLOON HOTEL DEPOT.

MATSUMURA,

6,'Arsenal Street. Hongkong.

DEALER IN

GENUINE

ART CURIOS

Ansient and

Modern

Successor to Nikko

;

Write or Phone

or completa PRICE-LIST.

Artistic Gold, Silver, Bronte, Damascene, & Lacquer Wares, Batsuma Porcelain, China Tes Services, Embroideries, Silk Lampshades, etc.

GREAT REDUCTION SALE

ALL KINDS OF LADIES FANCY GOODS

including Swatow Drawn Work, Canton Embroidery, Fand-made Laces, Ivory-ware, Beaded Works, etc., etc.

DON'T MISS THIS OPPORTUNITY.

CHINA DRAWN WORK CO.

To think of

(YUEN CHEONG)

40, Queen's Road Central.

SEA-GRASS and BATTAN FURNITURE that will give you the Utmost SATISFACTION in every point of EXCELLENCE i■

to think of

"DO BE CHAIRFUL" COMPANY

51, Queen's Road Central.

Makers of Furniture, the QUALITY of which has long been accepted by knowing Furniture-buyers as the STANDARD OF MERIT.

S. O. A. E. O.

THE FAR EAST OXYGEN AND ACETYLENE CO., LTD.

DIALEES and MANUFACTUFIFS of. Oxygen, Acetylene, Carbonic Acic, Ammoniac, Anhydrous sulpurous, gases, Carbido of Calcium, Motor Cycle acetylane tanks, and all necessary equipment for low and high pressure autogenous welding.

Autogenous wolding of all metal by Oxy-Acetylenio "and

Electric processes.

Boiler Repairs a speciality.

Apply No, 30, Bes Vœux Road Central, 2nd Floor, Tel Central No-2844.

Prompt refiling af moderate prices of all kiáda of "Moto

Cyola sostylane®