1924-06-03 — Page 3

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Foamite Firefoam

THE MOST EFFECTIVE FIRE EXTINGUISHER.

SOLE AGENTS FOR HONGKONG AND SOUTH CHINA:

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.--

Tel. Central 398.

2, Queen's Buildings,

THE HONGKONG DAILY PRESS, TUESDAY, JUNE 3RD,

QUEEN'S THEATRE

PLEASURE HOUSE DE-LUXE

Commencing 3rd to 5th JUNE,

At 230, 5.15, 7.15 & 9.15 p.m.

METRO ANNOUNCES

VIOLA DANA

IN

"SEEING'S BELIEVING"

A Harry Beaumont Production. A Gay Comedy of Embarrassment.

USUAL PRICES.

BOOKING. AT THEATRE.

HABANA CIGARS

THE PRESTIGE OF THE

AMERICAN DEBT INCUBUS.

When will the £ sterling reach its pre- whr value in the 'nited States?

Banking gad exchange' authorities are generally loth to make any definite esti mates, but the general opinion is not so optimistic as that of Sir Felix Schuster, who has been tellug the American Cham- ber of Commence in London that there

renson whatever why the sterling should not before very hing, be on pre-war parity with the dollar.

W39 70

"I agree with Sir Félix Schuster that a return of the £ sterling to parity with the dollar-in other words, tn gold purity is eminently desirable," a leading Lon- don banking authority with uurivalled knowledge of the foreign exchange mar- ket said to a Daily Mail representative,

but with the incubus of our debt to the United States "I do not agree that. this goal can be achieved soon. I think rather that we shall see a gradual, rise

in the value.

"The present or any British Govern ment is. I believe, likely to be impressed with the necessity of reducing this in cubus as quickly as possible. Far from taking advantage of the American, debt settlement clauses that enable it to past. pone the scheduled payments of principal and interest, this country will, I believe, exercise its option of making payments of principal in advance of the schedule.

BOWERN & CO.,

No 8, Meszux Roid, SHANGHAL

Member, British Chamber of Commerce (Shanghai) Mr. T. W. BOWERN. Fellow of the Institute of Chartered Shipbrokers, Incor parated by Royal Charter, London..

STRAMSING AGENTS AND BUPBROKERS For the Purchase, Sale and Charter of Vessela any Tonnage, assenger and/or Cargo, New or Ull, with delivery Chian at Very Low Prices:

SALVAGE OPERATORS, MARIST SERVEYORS,

Auctioneers, Chat - Merchant, ' FREIGHT BROKERS, ÚZTAL Merchants, Machinery For Bals, New and Old in First Class Condition.

IMPORTERS AND EXPORTERS, SHARE-BROKE, (Bambure, Shanghai Share Brokers”, „Associa- tion).

ار

SOLE AGENTS rok, Cutsa :- GREEN'S PATENT ANCHORS. SAMUEL WAXLE & Co., LTD. [Sheffield), High-Class Steel Manufactures (Tank Brand).

Catalogues and Price Lista on application.

(Enquires Welcomelj

CABLE ADDRESS: BOWARY, SHANGILAT,

CODE: Beatley, Scott's, A. B.C.

5th Edition und Improved,

"That means selling more sterling to Ć. E. WARREN (O., LT),

obtain dollars and tends at the time to depress the American value of sterling

in the exchange market, but, in the long

SANITARY ENGINEERS. MONUMENTALISTS. 30.

run, by reducing the great incubus of the American debt and giring proof of our OFFICE 498, Wanchai Road. determination to remove it as soon as GODOWNS. possible, the policy of accelerated repay- ments will enhance the value of sterling.

"For the exchange value of the £ sterling depends not only on the balances of trade but also on the esteem with which it is held abroad. That was clearly soch a few months ago when the talk of the possible renewal of inflation. fort nately unfounded, caused a severe drop in the American quotation of sterling.

The psychological factor is very powerful in the exchange market, and we should cotatantly impress upon the American and other nations, not only by words such as Sir Felix Schuster has wisely uttered, but also by deeds, our determination not to depart from the parts of sound and ropesrvative finance.

Any threat of departure by the Gov- ernment from these paths is bound to be reflected in a weakening of the inter- national position of sterling.

Another leading banker considered that development of Empire and other sources of raw materials for which we are at present dependent on the United States is Ekely to mitigate the effect on sterling of the operous, American debt terms. He mentioned particularly the increasing production of cotton 'h the Sudan and in Brazil.

The adoption of the chacune of the Alled experts," according to another. hanking authority, will enhates the value of sterling by contributing to the settlement of a grave European problem, States to employ more of its big gold balants in European finance."

HENRY CLAY” “LA CORONA” “BOCK Y CA" expecially if it encourages the United

JUST IMPORTED..

ABAQUERIA ILIPINA

LEADING TOBACCONISTS," OPPOSITE QUEEN'S THEATRE

LA REMEDY.

соп

PAIN IN THE STOMACE,

Cake, Chelare Marias, CRAMP COLIC

BULOUS COLI

FÄRSTERY COLIC.

SUNKER COMPLAINE

CHOLERA

DYSENTERY, DURAND. BLOODY FLUX,

CHRONG DRARNOZA, CHELIAJ SALTARITAJA, AKU SOTEL

IN A ITA FORMA

A

DES MOINES, ISWA, M. 6, Je

SMALL SIZE.

Chamberlain's

Colic and Diarrhoea

Remedy

Cüres

Pains in the Stomach, Diarrheoa, Dysentery,

Colic and Bowel Complaint

Sold Everywhere.

THE .

OMENS FAVOURABLE FOR RETURN TO PAR.

Discussing the steady rise in the value of the pound sterling as exproved in American dollars and the possibility of its

Tam, No. 289.

HONGKONG.

ALL FINDS OF BUILDERS REQUISITES IN STOCK, Soil, Vent and Rain Water Pipes Floor and Wall Ties. Baths, Basina. Bath. Fittings. Waterheaters "for Gas, Oil or Coal Fuel. Also A Few Chip Heaters

OPHY AND CLOSED GRATES. COOKING

BANONS,

ESTIMATES Fen, nos ALL SANITARY

INSTALLATIONS, HOT WATER STETX8, &c.

GENE REPLIES PROMPTLY ÅTTENDED ZO.

**

Specialists in Monumental Work-Cut in italian Marble or Hongkong Granite. JUST RECEIVED: « JAUPAEST OF Italian MARBLE FLOOR Tiles. Prices on Applicatică. ARTIFICIAL WREATHS-rox 8' to 15′′ PILYTTER IN STOCK.

(1468

CARMEL MYERS

IX.

THE DANGER OF THE NILE

A DRAMATIC STORY OF LOVE AND TREACHERY IN THE DAYS OF KING TUT,

A PICTURE THAT WILL THRILL YOU, DELIUNT YOU, INTRIGUR YOU.

getting buds to par, Mr. Hartley Withers WORLD THEATRE

the finance authority, in 7he Weekly Dis palch writes:

The omens are favourable for a m turn to par] on the politics and senti- mental side. The Government has declar od itself on the side of the gold standard, and hopes of settlement in Europe, and the extraordinary sacos with which France defeated what she believed to be

a. concerted attack on the fraue, have dona much to destroy or diminish some of the political influences that have been depres ing the pound.

But the sensitiveness that the exchange- market has shown to sentimental influences makes it dangerous to be too confident about the future of the pouad's value so long as we have a Government that may at any time be driven by its extremist supporters into doing something rash,or foolish in Gonner.

TO-MORROW.

HONGKONG WEEKLY

PRESS.

COSTAINING ALL THE WEEKE LOCAL NEWS.

The Paner to sând Home,

1924

JUST RECEIVED A Shipment. of the Well-known

CHOICEST PURE CEYLON TEA in l'ami ! Ih. Packeta.

Try Once TENPRIDE OF CEYLON.

to see its Superiority.

NATURAL MINERAL WATER

41

EVLAN for Kidney and Urinal Troubles. VITTEL (GRANDE SOURCE)

for out-Grivel-Nephritie L'olie. VICHY (GENDE GRILLE)

for Liver Trouble and Biliouanensi

VICITY (CALASTIN) |

*

for Arthritis-Bhaumatism-1)isbetes,

VICHY (HOSPITAL)"

TREXE

for Indigestion and all Stomach Trouble. EAT SOUR CONTREXEVILLE

Tonio and Bogulator of Digestion.

THE FRENCH STORE,

8. Beaconsfield Arcade

THE "ALL PURPOSE'

&

-NO TROUBLE

MARINE POWER UNIT.

Tel."Central.794.

ALWAYS IN STOCK.

“AILSA CRAIG” MARINE

LIGHT and HEAVY DUTT

MOTORS

6 to 45 B.EP.-

ATBA CRAIG KID" 10-14 B.H.P. FOIL CONSUMITION

OPA GALLON KRONE PER Flor THE IDEAL ENG1 NE FOR BOATS FECH'18 FT. TO IT, IN LINGTE.

COMPLYING WITH THE BOARD OF TRADE AND LLOYD'S REGULATIONS.

APPLY TO

SIMPLICITY AND SILENT RUNNING MAKE THE ALBA CRAIG ENGINTI

Messrs. DODWELL & Co., Ltd., STABLE TOP HEPING TOATE

QUEEN'S BUILDINGS. FOR FULL INFORMATION.

SAILING YACHT RIVER LAUNCH CRUISING

BICYCLES

Telephone,

'LADIES', Gentlemen's or TanDEM FOR HIRE ÖR SALE.

Telephone

K711

HANG LEE CYCLE CO.,

20, HairRong Road, KOWLOON,

Next to PAZAÈN HOTEL."

CAMMELL LAIRD & Co., LTD.

Controlling THE LEEDS FORCE CO., NEWLAY WHEEL CO., Etc. Birkenhead, Sheffield, Nottingham. Birmingham.

Leeds, Penistone and London STEEL WOOD FREIGHT & COAL CARS

PRESSED STEEL TRUCKS

"FOX"{

AND

CORRUGATED · FURNACES.

13. PEKING ROAD, SHANGHAI.

HONGKONG SHARE MARKET-

CLOSING QUOTATIONS

S. O. A. E, O.

THE FAR EAST OXYGEN AND ACETYLENE CO., LTD.

To EUROPE via U.S.A.

AST route, new ships, excellent food. Through Fck tean he ought in all the large cities in the Orient at special rates. Choice of American Tailroads. Thence the famous U. S. Lines ships form New York to Plymouth, Southampton, Char- bourg or Bremen."

For information write today to: UNITED STATES LINES ADMIRAL ORIENTAL LINE 4 Dye Tuz Road Flagkong. PACIFIC MAIL STEAMSHIP COMPANY..

Qanax Building... Kanekine,

Amicies in Principal Cicies

Managing Operators for U, S. SHIPPING BOARD

Mongkong

JUNE 2, 1924.- and Shanghai

Cunton Insurances

Union Insurances

$220 b..

$68 nominal F.K... C. & M. Steamboats...

3804 ex. div. b..

Hongkong Fire Insurances 3360 b. Donglas Steamshipw

عمالة

Lazpkata (Combised)... Kowloon Wharves Whampoa Locks Shanghai Docksi New Enginerings...... Hongkong Tanks Hongkong Hotels

$170 b. 314% 8.

TL. 6.0 b. $108

#ly (ok)813 (new) nu-

nozuinal

Kumphreys Estates.

Ewa Volton

Gemella Cemetila

T. 11.30 b. $24 (old) $5.65 (new) k

Hongkong Sopa (old) 23 (new)

China Providents

Dairy Farms

Waterboats.

Walk

Hongkong Electrics

***

$14(old) (now) b.

De

| (old) 39 (new) :b.

China Lights Hongkong Trame ... Peak Trainways,

—buyers; 6-sellers;

DEALERS and MANDZACTUBEES of Oxygen, Acetyle

Carbonic Avić, Ammonias, Anhydrous sulpazons gasos, Carbide

of Calcium, Kotor. Cycts sostyldna tanks, and all necessary

equipment for low and high pressure autogenous welding.

of all metal by Oxy tylonto

Autogenous Wor

Electric procDEDİR.

Boiler Repairs a speciality.

Apply 28, 20, Des Vœux Road Central, 2nd Floor

Tel. Central No, SELL

refiling at moderste priose | Of

İrinda

Dysis áostylane tanki