1925-04-15 — Page 3

THE HONGKONG DAILY PRESS WEDNESDAY, APRIL 15TH, 1925

THE UNITED ASBESTOS ORIENTAL AGENCY. LTD.

Tel. Central 236,

BOLE AGENTS POE

PUDLO"

Makes Cement Waterproof

A

"FEUSOL

"

The Immovable Fire Cament.

QUEEN'S

2, Queen's Building.

THEATRE.

To-day to Thursday, April 14th to 16th,

at 5.15 p.m. 9.15 p.m.

METRO PICTURE CORPORATION

PRESENTS

ALICE LAKE

IN

"BODY AND SOUL"

The Screen Version of William Hurlbut's play. A Drama of the Latin Quarters of Paris Where Anything May Happen and Everything does.

"BOW

ALSO

WOW"

A Mark Sennett Comedy in 2 Parts.

COMING HERE SOON!

CARTER

The World Renowned Magician and His Troupe

of European Entertainers.

BACK TO GOLD.

·COST OF "ABOLISHING TREASURY NOTES.

I believe that reversion to the gold standard will eventually be attended by an influx of gold and an improvement in trade," said Mr. Reginald McKenna, chairman of the Midland Bank, to a meeting of members of the "industrial,. group at the House of Commons last mouth These were other points in his speech:

During the last three years our cur rency, with nothing more than an insig- nificant gold backing, has been more stable than the United States gold dollar and has actually appreciated in relätion

to it..

There is accumulated in the Federal Reserve banks of the United Stafes an ex- cess of gold,of upwards of £300,000,000 over legal requirements. A considerable demand has of latas been malis from India, Germany, and Australia, but these three countries cannot absorb anything like the total output

To-day at the higher level of prices the total required, if the Treasuryte disappeared,

would ha, mere than

£200,000,000

This would create such a demand for gold as would raise its value. it would be a serious, shock to the Chancellor of the Exchequer who would have to pay for it, and it would be injurious to our trade, as it would immediately cause u fall in prices.

TOO SOON BOR CURRENCY.

Pointing out that it has been the policy of the Bank of England to effect

an appreciation of sterling with a view SOCIETY OF ST. GEORGE,

to attaining parity with the dollar and the restoration of the gold standard, McKenna said it was common knowledge that AD appreciating exchange injurious to export trade. On the gold

05

HONGKONG.

standard our export trade would benefit ST. GEORGE'S DAY.

from the relative stability of exchange.

We have to remeniber that the volume of credit will in the new conditions be regulated by the supply of gold. If the world' demand is in excess of the supply there will be a drain upon us which we shall culy be able to check by restricting credit. If the world's supply is in ex- cess of the demand, so far from there being a drain upon us, there will be a natural Bow of gold into this country, which automatically will expand the total

our

credit.

of

as he believed, the gold output was more than adequate to meet the world's demands, then on balance gold' would

THURSDAY, 23rd APRIL.

A LUNCHEON

will be held at the HONGKONG HOTEL

ROOF GARDEN at 1.15 pm..

MEMBERS of the Society of SL

Just Protoplasms

Jenkyn," he said, "You and I are just two protoplasms whirling through space on a lump of dust. We both have our worries and our joys, and it's up to us to do a good turn when

we can.

Then he puffed some fragrant. Kensitas smoke, and said: “You did your good turn by introducing Kensitas.. "Yes, Jenkyn, you're right, Kensitas are "as good as really good cigarettes can be.”

Kensitas

the preferred cigarette

J.. WIX & SONS -- LTD • 15-8-4 PICCADILLY - LONDOM' • VU. 1 = MNG. Wholestia only: DONNELLY & WHYTE_Distefbators for Hongkong and South China, & QUEEN'S BUILDINGS. Telephone: Central 43.

Jonkyn

Obtainable ar Lane, Crawford-

Lid Tabaqueria Flipka Graeco-EgryNam

obuene- Store, and 'all high-class Tobacconists,

At 95 cents:

per tin of 50

came to this country without our being George wishing to attend are obliged to attract it by high money

rates. It would be bought by the Bank requested to advise :-

of purchase the

WORLD THEATRE.

TO-DAY TILL SATURDAY, 5.15 p.m. & 9.15 p.m.

"A WARNER BROTHER CLASSIC OF THE SCREEN

JOHNNY HINES

.

IN..

“LITTLE JOHNNY JONES

"A STRONG DRAMA OF THE TURF FULSATING WITH ACTION AND ROMANCE BASED ON THE DRAMATIC COMUSICAL COMPOSI -HON BY GEOBUE M. COHAN. ---

TO THIS

HUNDREDS OF THOUSANDS HAVE THRILLED SCINTILLATING COMEDY-DRAMA A ROMANCE OF THE RACE COURSE.

WITH SPECIAL MUSICAL SETTING.

TO-DAY ONLY, at 2.30 p.m. & 7.15 p.m. ELINOR GLYN'S

WORLD FAMOUS LOVE DRAKA

THREE WEEKS."

DON'T MISS YOUR VERY LAST CHANCE.

HONGKONG ENGINEERING & CONSTRUCTION CO., LTD.

CONTRACTORS "FOR.

CIVIL ENGINEERING AND BUILDING WORK OF ALL DESCRIPTIONS.

Specialists in Reinforced Concrete" Foundations and Structures for Factories, Godowns, Wharves, Bridges, Piera, &c.

4

8ole Licensees for Hongkong and Chins of the Franki" Patent Compressed Concrete Filing System.

Enquiries to HEAD OFFICE :

ST. GEORGE'S BUILDING, CHATER BOAD,

Telephone Central 4581 (Two, Lines),

PIANOS FOR SALE OR HIRE.

EXCLUSIVE

PICTURES

OF THE FUNERAL OF DR. SUN YAT SEN

Together with

CHADWICK PICTURES CORPN'S

MIGHTY DRAMA OF THE SEA

Dagingland and every part of by THE MANAGER. HONGKONG HOTEL THE FIRE PATROL

Bank led to

ܬ܂

NOT LATER than" NOON, 21st April, stating the number of seats required.

credit. expansion There might, however, "be many difficul- ties to encounter in the early days.

Convertibility into bullion for export Was one thing; convertibility of indivi dual notes into minted sovereigns quite another, said Mr. McKenna, adding, "Until we can afford it better than we can now, I would not risk any deband, being made for guld merely for internal currency purposes,”

HONGKONG "SHARE MARKET.

"OLOBING QUOTATIONS.

APRIL 14TH, 1925. Hongkong and Shanghai

Banks

1230 an ...........$700.

$27! noju.

666 5.

Centan InsarENCES

Union Insurances Livesco Bongkong #ru Insurances Douglas Steamshipe........$545. H.K., C. & M. Steamboat...$274, xa.

$$7 nom.

The 971 Tie. 272.

"Star" Forris********$56 China SagaM********* Langkats (combined) Kowloon Wres Whampoa Docks...

Whares..

Hongkong Lands HK. & S. Hotels Humphreys

kruvs Extates. Pro Mills

New Engineerings...

Shanghai Cottons Orientals ............ Cementa

Hongkong Ropes Cina Providente... Dairy Farma.................... Waterboata

Watsons

Hongkong Electrics .... Chias Lights Hongkong Trams

*****

.....Tia. 125 nom.

T. 203 b. ...... Tis, 918.

1941 5.

„21513 x1 & b,

Tl. 12.

Tlx. 4 x.

17/47) 80

$38 b.

дот.

Peak Tramways....

buyers; zeilero; sa—sales.

METAL EQUIPMENT.

STEEL FURNITURE FOR ALL. PURPOSES.

4

It is hoped that Mimbers will be accompanied by their ladies. Owing to the limited space avail- able no guests can be invited. Further particulars can be obtain- ed from the Hotel Management. ENGLISHMEN resident in the Colony and not already members are cordially invited to join the Society.

L. S. GREENHILL,

Hon. Secretay.

EQUITABLE EASTERN BANKING CORPORATION.

AN AMERICAN BANK.

CAPITAL AND SURPLUS U.S. $2,975,000

Wednesday to Saturday April 15th to 18th.

THE CORONET

| CAMMELL LAIRD & Co., Ltd,

HEAD OFFICE,

37, WALL STATIT,

"

TRADE MARK

NEW YORK

BRANCHES

SHANGHAI.

General Banking and Exchange Business, Interest Allowed on all Deposits.

Rates on Application.

LONDON AND PARIS AGENTS." EQUITABLE TRUST Co., • N.Y,”

D. M. BIGGAR, Manager.

FOR THE HAND CAMERA.

THE ANTI-SCREEN IS A PERFECT HAND CAMERA PLATE

If yields Negatives of Rich Gradation, with Fall Details in Shadows and Highlights. It

Nearly forty years have elapsed, says London paper, since the use of steel furniture was first recognised as a practi- eal proposition, and during the com paratively short intervening period uchtands forcing in Development, possesses Grosi rapid strides have been made in its Latitude, and is unsurpassed for Instantaneous

ment that to-day the description can be taken absolutely in a literal sense as regards offico and works equipment.

Buch great progress has resulted from. the fact that a few prominent firms concentrated practically their entire no tivities upon this special line of 'manu- facture, and in consequence there, is no important item of furniture or general equipment required in the office that cannot now be obtained constructed of steci.

The widespread increase in the utilisa tion of steel furniture is, however, by and

Work

WELLINGTON ANTI-SCREEN PLATE, WELLINGTON & WARD, LTD.

" ELSTREE, ENGLAND.

OSTAIRAMIZ AT

ALL PHOTOGRAPHIC PEALEES.

no means confined to offices, factories are In the commercial world, tables, desks, other commercial buildings, quite a number of purposes to which it counters, filing cabinets, wardrobes, shelv can be successfully applied in the-home. ing, lockers, etc., are among the items. being installed by discriminating firms na

Steel furniture possesses exig being essential to the up-to-date equip

qualities as regards fire resistance,

hygienie value, impregnability against ment of modern business premises. dampness and vermin, durability, com- Az

an indication of the and adaptability of modern

pactness, and economy of space, while for Sons of the foremost Bri-

Tu. 4648.

TSANG FOOK PIANO CO.,

No. 8, Des Varaj Boad Crutzazļ(Entrance Ice Hauri Street,),

tion.

overseas unago its immunity from adverse stoel effects of climatic, and atmospheric con- tish makera is Memra. Frederick Sage and ditions is a further strong recommenda" Co., Ltd., who offer a wide range of steel furniture and fittings suitable for (Continued on next Oplumn). numerous purposes,

Sheffield, Birkenhead, Leeds, etc.

HIGH SPEED STEELS BEST CAST TOOL STEEL MINING STEELS

SHEAR STEELS

FILES AND RASPS

STOCKS KIPTA 18, PIRING ROAD, SHATURAL,

KAIPING HOUSEHOLD COAL

In Lots of not

less than 1-on-

Delivered to Peak District (abore Bowen Bead), $21.00

per ton

Delivered to

Bowen Road and Lower

Levels,$20.00

per ton. Deltrered to

Koxisom

$19.00

per tom.

Orders should be sent in: writing at

least 24 hours,

before the

Coal is requir

All orders

must be i2c- companied by Cash, Cheque,

or Compra dore

Order payablo 2 to

*The. Kallan

Mining "Ad- ministration.”

THE KAILAN MINING ADMINISTRATION,

Head Offer:-TIKITSU:

DOBWELL & CO., Lab., Agents, Hongkong.

THE NAVY'S CHOICE

Coates

ORIGINAP

PLYMOUTH GIN

OBTAINABLE HVERYWHERE.