1924-04-10 — Page 3

Page

THE UNITED ASBESTOS ORIENTAL. AGENCY, LTD.

Tel. Central 336.

SOLE AGENTS FOR

PUDLO

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44

FEUSOL

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RADIO.

2, Queen's Building.

*TUNE IN" with a RAT-O-VAC "B" Battery using at the same time a RAY-O-VÁC "A" Dry Cell Battery for your Filaments. Bee how clearly the signals will come in.

Tho National Radio Engineering Company of Atlanta. Georgia, covering an investigation made by them in the interest of Railway Electrical Engineers, report that ---

The "Battery is the most important part of the radio apparatus, and many causes of trouble in instruments are often We have found only one make caused by poor batteries.

of Battery that is so constructed that satisfactory service can be obtained on heavy duty such as work of the class we are undertaking. The "RAY-O-YAC" Batteries have stood all the tests and have They proven their construction and material by actual use. have proved ABSOLUTELY SATISFACTORY IN EVERY WAY."" -

Telaphone K711.

These Batteries are now obtainable from:

DE SOUSA & CO, LTD

7TH FLOOR, CHINA BUILDING.

TZL. NO-CENTRAL 1961.

BICYCLES

Ladies', GENTLEMEN'S OR TANDEM FOR HIRE OR SALE. NEW RACER JUST ARRIVED

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Telephone K711.

Excellent Opportunities for Competants in Bicycle Races.

HANG LEE CYCLE CO.

To think of

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SEA-GRASS and RATTAN FURNITURE that will give you the Utmost SATISFACTION in every point of EXCELLENCE is

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PLANOS FOR SALE OR HIRE.

TSANG FOOK PIANO CO.,

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Txi. 2127.

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AIL from Yokohama, Kobe, Shanghal, Hong Kong or Manila to Seattle or San Francisco ron America by rail and sail from New York to Plymouth, Cherbourg, Southampton or Bremen via the United States Lines.

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Maiguera's Buliding, Logicz AGENCIES IN PRINCIPAL CITIES

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SOVIET ECONOMIC

PROBLEMS.

NEW SILVER CURRENCY.

ARMY ACCOUNTING.

COMPLETE CHANGE IN SYSTEM ADVOCATED

Sweeping changes are advocated in the report of the Commiteno, presided over by Sir Herbert Lawrence, on the administra on and arccueting of Army expenditure The Committed declares that a proper system of accounting, which is necessary. to the efficiency of the Anny, has been wanting in the past, and urges a com- plete change in the system of adminis ration from the War Office downwards, and decentralisation of accounting so far as individual, establishments and regi mental units are concerned. It also urgej the amalgamation of the Royal Army Pay Corrs and the Corps of Military Account. ants under the Adjutant-General to the Forces, subject to Parliamentary require-

Rica, March 1st Since last summer the Soviet Govern- ment has been striving to close the geon. omic scissors and bring the economic life of town and country into clower relation ship by diminishing the divergence be tween the abnormally low prices of grain and the abnormally high prices of indus trial product This divergener deprives the peasants the possibility of buying

of Agricoltural implements and other goods of which they stand in great seed. But during the last few weeks the prices of grain and some other foodstuffs have risen at an astonishing rate Samo (attribute. this sudden rise to a shortage, que partly to the export policys others blame the constantly falling Soviet paper money,ments. and the Government has therefore ciren. lated new silver esins.

The report expresses the opinion that a Committee should be appointed for the Eurpose of making detailed recommenda tions in this connection. It remarks

After the most careful consideration we are of the opinion that it is essential to the proper development of administrative responsibility that decentralisation should be carried eventually to its ultimate It point. namely, the regimental unit. does not believe that such increased ad

Nevertheless, the price of grain, continues to rise, and the Government has decided to adopt legislative measures to restrain the tendency and to Bx price. Indeed, a fixed maximum price for bread has already been adopted in Moscow and Leningrad, and it has been decided to extend control

daily if necessary, to other So far the restrictions affect only Govern ment establishments and co-operatives, but the Government bas advised private deal-ministrative responsibility would interfere er to follow suit, Lezhava, the Commis sar of Home Trahe, summoned a aveting of private traders recently, and told them. that the success of currency

Coliti

depended one is the query ring their prices. The traders protested, ex their difficulties, especially high taxation, but Lezharo, insisted that the prices must be reduced in order to preserve the stability of the silver currency. If they did not do it, the Government would ave that it was done.

with training.

The Committee is far from advocating unnecessary chivese-paring.

many scales, of aliowances cannot fit to be wasteful, as they must be fixed high enough to cover the maximum ordinary expenditure and, therefore, must be ex- cessive in many cases.

L

CHINA SUGARS TO BE

·SUB-DIVIDED.

The Ekonanicheskayn Zhizu points out that the Government attaches not only economic, but abo political importance to the new silver coinage as a means of in-" At the annual meeting of the share- creasing the confidence of the peasants, houders of the China Sagar Refining Co., who have not seen, silver since 1015. The Ltd., held recently, the Chairmang referred coins are of the same weight, fineness, and to a letter which had been received from cinal value as Tsarist kilver, but the shareholders asking for the shares to ba circulation of the latter is prohibited. sub-divided into a smaller denomination, Deberjinaky, the usually taciturn though The General Agents and Consulting Com- ruthlessly active head of the Ogpa (State mittee hare now decided to recommend the Political Department for combating "coun dirision of the existing $100 shares into ter-revolution", who is also Chairman of four share of each, and it is pre- the Supreme Economic Council, has at posed to hold Extraordinary General tracted attention by an energetic speech meetings of the Company at an early data which he made recently at a gathering of to put this proposal before shareholders, Communist and private industrialiste

дай traders, in he stated that traile bad, and Soviet economista" who still did not know how to trade and adbered unduly to capitalist methink,

What trade lacked, he said, was firm con. C. E. WARREN CO., LTD,

trol; confidence the economists had been Ruth- undermined and must be restored. less measures must be taken against all who followed narrow departinental lines.

It must be generally understood that a heavy hand was waiting to descend on anyone who misinterpreted the part he was expected to play in the work of supporting the mighty edifice of the State.

Daberjinsky's speech sounded a note of menace His appointment to the chair. manship of the Supreme Economic Council. is regarded as a very clever move, of which both the ruling faction and the extreme members of the Opposition approve. The Geveniment expects Dzberjinsky's sinsie ter personality, behind which there looms always the dreaded Cheka, or Ogpu, as if is now called, to induce the economists to show greater energy and greater loyalty. The Opposition expect that he will put á check on the New Economic Policy men and stem the tide of private enterprise, which has to a large extent ousted the Gay ernment's trading organizations from the villages

NO CASH FROM GERMANY IN 1923,

414,900,000 IN KIND.

The Chancellor of the Exchequer, Mr. Snowden, in reply to Mr. Ormsby-Gore, who had asked for the estimated value of the deliveries either in cash or kind by Germany to Great Britain, France, Belgium, and Italy, respectively, on "account of reparations and cost of mili tary occupation since the date when France entered the Ruhr up to the end of 1923, circulated the following statement on March 4th

1. No cash payments were made by the Germo Government on reparation no count during 1923, beyond the payment of the six months' Treasury Bills issued to the Belgian Government in respect of the last five-monthly payments for 1922, which fell due during 1923.

2. The deliveries in kind made by the f German Government to Great Britain, France, Belgium and Italy respectively which have been notified to the Repara-- tion Commission during 1923, were as follows

Great Britain France s

Belgium

Italy

Total

158,000,000, gold marks

14,000,000

5,000,000

123,000,000

********* 298,000,000

(Say £14,000,000)."

In addition, the German Government issued paper marks to the various Armies. of Occupation on requisition to the fale lowing amounts are a

Great Britain

France Belgium R

Total

15,000,000 gold marks

8,000,000, 200,000

21,200,000, (Say £1,210,000). The issue of paper marks made by the Getnian Government to the French and Belgian Armies on requisition was sus pended from the beginning of the Rubr "occupation" until December, 1923

4. No figures have beco reported to the Reparation Commission or communicated to the British Government by the French and Belgian Governments as regards the value of the seizures and confiscations effected in the Rhineland and. the Ruhr, and no sum has been brought to decount by the Reparation Commission in respect of suph seizuFCN).

|

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THE SUPERINTENDENT OF HOTELS, Traffic Departaient

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