1924-12-19 — Page 3

Page

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD

Tal. Central 238.

SOLE AGENTS FOR

PUDLO

Makes Cement Waterproof

"FEUSOL"

The Immovable Fire Coment

THE HONGKONG "DAILY PRESS, FRIDAY, DECEMBER 19TH, 1924

2, Queen's Bullding.

QUEEN'S THEATRE.

FRIDAY to SUNDAY, Dec. 19th to 21st,

at 2.30, 5:15, 7.15 & 9.15 p.m.

TWO BIG FEATURES IN ONE PROGRAM.

VIOLA DAÑA

IN

"JUNE MADNESS

A Metro Classic in 6. Reels

ALSO

EUGENE O'BRIEN

İN

"THE LAST DOOR"

5 parts.

PRICES:-5.15 p.m.-80 Cts. & 50 Cts.

9.15 p.m.-$1.20, 80 Ctx. & 40 Cts.

NOTICE OF REMOVAL.

HONGKONG ENGINEERING & CONSTRUCTION CO., LTD.

On and after the 1ST JANUARY, 1925, the Head Office (and Registered Office)" of the above Company will be situated on the THIRD FLOOB of ST. GEORGES BUILDING, CHATER ROAD, HONGKONG.

Telephones

Postal Address

Telegrams

Code

Central 4581 (two lines). P.O. Box 553, Hongkong. "FERROCONCO," Hongkong. Bentley's.

[1551

FOR CHRISTMAS GIFTS.

SMOKER'S NOVELTIES

OF ALL KINDS.

We offer the BEST SELECTION TO BE SEEN

"

in HONGKONG of Novelties Just Received from LONDON.

ABAQUERIA FILIPINA

LEADING TOBACCONISTS, OPPOSITE QUEEN'S THEATRE

YAMÁNLA

*GAN

The Convenient Route to Europe

S

AIL from Manila to Seattle or San Francisco- cicas America by rail and sail from New York

to. Europe via the United States Lines. Investigate this new fast route to Europe today-special through rates. Through reservations.

UNITED STATES LINES

Agents ADMIRAL ORIENTAL LINE 4 Des Voeux Rd., Hong Kong

PACIFIC MAIL STEAMSHIP COMPANY Queens Building, Hong Kong AMERICAN EXPRESS COMPANY.

4A Dis Voruz Hd., Central Hong Kong THOS. COOK & SON, Des Voeux R, Hong Kong AGENCIES IN PRINCIPAL CITIES

Managing Operators for U. S. SHIPPING BOARD

BANKER AND UNEMPLOYMENT.

BETTER VALUE MUST BE GIVEN FOR MONEY.

In his inaugural address to the Institute | of Bankers last month Sir Herbert Hambling (Deputy Chairman of Barclay's Bank. Ltd), once again took unemployment for his subject, and be very rightly pointed out that while one cause is the dislocation of the trading organisation of the world. which may be removed or alleviated by Governments, it does not go to the root of the matter, because the solution is not purely political. The solution of obr unemployment problem depends upon the loyal recognition of the fact that national prosperity is the concern of the individual as well as of the State: We have ta realise that only when we can produce at a price that will enable the world to buy can we hope to reduce to the normal the percentage of workers unemployed." The first thing, therefore, is to face the necessity of reducing costs of production, which is less a question of cutting down wages or reducing profits than of giving greater value for the wages paid and more efficient service for the profits earned. We Have pursued the policy of decreasing our hours of work and increasing our rates of pay, content to throw the burder of the extra cost on to the consumer. This cannot. continue unless in the shortened hours, we can turn out goods of equal quantity and quality at no higher cost per anit, so that foreign consumers are unable to get the We must mme goods cheaper elsewhere. improve our general standard of living by earning higher wages or bigher profits. We cannot, in short, consume more than we produce.

Obtainable at LANE CRAWFORD LTD Tabaqueria Filipina, Grzco Egyptan Tobacco Store,

and all high-class Tobacconists, At 95 cents, per tin of 50

P.&O. BANKING CORPORATION, LIMITED.

+

(INCORPORATED IN ENGLAND, 1920) with which is affiliated

After dealing with "sheltered" in- dustries, the restrictive regulations of trade unions, the need for greater confidence between employers and employed and for a better understanding of the elementary AvrZGRAND CAITTAL__... laws of economics, Sir H. Hansbling sam-ISED AND PAID UP

BERTI FUD med up the adverso features na follows:

TER ALLAHABAD BAIK, LTD. INDIA.

(1) The spécialisation necessitated by the war diverted an abnormal percentage of workers into particular industries, and this has caused a mal-adjustment of our general industrial organisation-under-production in one direction and over-production in

another.

(2) Partly as a result of this development, a privileged class of employment has be. come established. It is possible in certain directions to maintain or even to increase profits and wages, rot by increasing the real value of the services rendered, but by controlling a limited market.

(3) The effect of such conditions is ultimately disastrous. Over-payment in one direction is possible only by under-pay ment in another. It is secured through

which affects particularly those industries which must meet foreign competition. It is one of the factors making for high average coats of production. This restricts our

£5,000,000 22,594,760 £135,000

ELLAD OFFICE: 123, Londonball Street, London, E.0, 3.

WEST LONDON BRANCH: 14-16, Cockapur Street, London, S. W. 1.

EASTERN BRANCHENS :

Bombay, Calcutta, Karachi, Madras, Columbe Singapore, Hongkong, Canton and Shanghai.

and

The Corporation undertakes General Banking change Business of every description and in addition to ita Branches has Agencies in all the principal Cities of the World

Q. CHAMPKIN,

Manager.

22. Der Vaux Boad Central. Bongtorg.

SANITARY ENGINERES, MONUMENTALISTS, &

www.

trade, and in turn reduces the porchasing OFFICES)916, WYNDHAM STERET, power of the home market, upon which the prosperity even of the privileged industries

depends. If one industry is forced to T. C. 269. HONGKONG. operate under urjusifiably adverse con- ditions, all other industries must ultimatels

suffer.

(4) One further factor in limiting our

W

JUST RECEIVED

A STOOK OF

WATER PIPES. HEADS & SHOES,

power to compete in the continued failure 6" x 4" RECTANGULAR RAIN- to realise that the interests of all sections of the industrial organisation are identical. Mistrust of Capital by Labour or of. Labour by Capital is at the root of the fallacy that the interests of our section can H. be served at the expense of the other. We need a real partnership in industry.

Admitting that alf this has been said. before, it cannot be too often repeated, and the president of the Institute of Bankers bas done a servies in pointing out that the future of the country is not in the keeping of our politicians and cannot be safeguarded by appointing committees. Neither will unemployment be cured by the clever currency devices of theoretical economists, attractive as they may appear superficially. "The future is with ourselves, and success depends upon our own efforts."

HONGKONG SHARE MARKET. CLOSING QUOTATIONS.

Hongkong

DZCIANKA 19rx, 1824 and Shanghai Banks མངགས་ཟིནནའི

$1,175 b. Canton Insurances

3730 nom.

Union Insurances ...

$257 b.

Hongkong Fire Lugurate

$625 h.

Douglas Steamships.

$59.

$135 nom.

rom.

HK, C. & M. Steamboats...$36 nom.

**Star Ferri

China Sugars... Sowe Langkats (Combined)... Thx, 22 5. Kowloon Wharves

$217, b Whampoa Docks ********$149. $149 in. Bhanghai Docks

Tis, 1084 b. Where 7.60 b. Boogkow

The 206 b New Engineering.....108 2 Hongkong Lands... Hongkong Hotel (old) $19 (nery) $184 nom. Humphreys Estate $21 b. Ewo Cotton Mine Ti 11.90 B., Th, 12 sa

Jold) Tla, 60 Harw) Tix. 33 nom.

3,80 br

8banghai Cottons

Orientais.........

Cements...... Hongkong Ropes (combined) $58 b. China Providenta

Dairy Far

FEITOS Waterboats

(old) $72 (new) $12 nom. Watsons Hongkong Electrics Okina Lights (combined)......$24 nom. Hongkong Trams

8544 b. Peak Traway; [old) $26 s., (new) $11) su.

Shall Transports

......85/-5.

b-buyers; 1-sellers; samtaler.

The Labour Party wants to encourage trade with our Dominions, but the whole of the trade with our Dominions put to gether does not make a tithe of the market Europe offers at our back doors: -Lord Thomson..

P. WATER FILTERS, BATHS,

BASINS, Etc.

ESTIMATES FREE YOU ALL KINDS OF

MONUMENTAL WORK &c., IS ITALIAN MARBLE-POLISHED or FINELY PUNCHED HONGKONG

GRANITE.

To Ows on 8zLECTED DESIGN,

A LARGE STICK OF ARTIFICIAL WREATHS.

(1451

THEATRE ROYAL

SHORT SEASON ONLY Commencing FRIDAY, DECEMBER 26

(BOXING DAT) EDGAR WARWICK has the Honour to Fresent the World-renowned London btar, THE INIMITABLE

WISH WYNNE

In the Character Studies that have made her fsmons.

BERNARD KITCHEN-

AND A PIANO"

ZOE

In Characteristic Dances

ALFRED CUNNINGHAM

The Eminent Baritone from the London Opera House, Alhambra, ete. GWEN ADELER

A Dainty Binger of Dainty Bengu,

HAROLD WALDEN ·

The Popular Humorous Entertainer from the Palladium, Queen's Hail, etc.

PLANS OPEN at 8:45 AM

AT MOUTRIES, NEXT WEDNESDAY, 17TH.

The London Coliseum at Your Door.

The Expression of Pleasure

"The face is the mirror of the mind," I read

somewhere, sir, and it is quite true.

When you get a Kensitas for the first time you look at it suspiciously, as it were, sir." Then you light up after the first whiff your face changes to what I might call, sir, the Kensitas expression."

Then I can see from your face that you are pleased and satisfied.... that Kensitas are "as good as good cigarettes can be."

Jenkyn

Manufacturers: J. WIX & SONS+LM•ING PICCADILLY-LONDON-W13-ENG. Wholesale only: DONNELLY & WHYTE, Distributors for Hongkar Lnd South China,

1 QUEEN'S BUILDINGS. Talphone: Central 6

Kensitas

the preferred cigarette

LATEST HOME PAPERS

announce that

"THE THIEF

OF BAGDAD"

at Drury Lane

HAS BRONEN

ALL WESTEND

RECORDS!

It is busily engaged in doing the same thing at

THE

TO-DAY &

TO-MORROW,

5.15 & 9.15 p.m.

1

CORONET

WORLD THEATRE.

THE

TWO

MORE

DAYS ONLY.

BIGGEST BOXING SHOW

EVER SEEN, NINE FULL REELS OF THRILLS, BUSPENSE AND EXCITEMENT UNEQUALLED IN MOTION PICTURE HISTORY.

FIRPO v. WILLS.

(12, ROUNDS).

DEMPSEY v. GIBBONS.

(15 ROUNDS).

Bo great was the interest and enthusiasm aroused by these sensational Bonta, on September 12th, 1924, that thousands of people were turned out from Boyle's Thirty Acres Stadium. Just think what wonder the Cinema doen. The Cinema will bring you to the Bing Side and show Four of the WORLD'S GREATEST BOUTS. Think how much will it cost you to travel from Hongkong to U.8. in two different trips, and if you were "Turned Out" as thousands were, wouldn't you feel ze if you had received a "Knock Out"

SHOW FOR EVERYBODY

BOXING FANS, BOXERS, AMATEURS, SPORTSMEN

AND EVERYBODY SHOULD NOT MISS IT.

PRICES$2.00, $1.00 and 60 Cts.

*(SOLDIERS, SÄILÓRS AND STUDENTS-HALF PRICE).

BOOK YOUR SEATS EARLY.

BOOKING NOW ON AT THE THEATRE.

TECLERCBE

ECLERC'S)

$1559

ON SALE

BERLY PRESS, January to June, OUND VOLUMES of the HONGKONO

SPILL - Endre

Príom7 50 "Desola at the Hongkmg Dailu Pres Otirá,