1926-01-23 — Page 2

Page

JUST ARRIVED.

SHIPMENT OF

THE HONGKONG DAILY PRESS SATURDAY, JANUARY 23RD, 1926

TUBORG BEER

Purveyors To

The Royal Danish Court.

The most popular

Danish

Beer on the Market

è doz. pts.

4 doz.- qts.

$19 duty paid. $20 duty paid.

Sole Agents:

GANDE, PRICE & CO, LTD Wine and Spirit Merchants,

St. George's Buildings, No. 2 Ice House Street, TEL. CENTRAL NO. 133.

HONGKONG.

After all that has been

said and written on the

advantages of the soft collar

and its increasing popularity.

THE STARCHED POLISHED COLLAR

Has a position and standing that nothing can take from it. Our starched collars have a smooth and velvety finisht," semi-polish on the inside fold which makes the tie slip easily.

THE STEAM LAUNDRY CO..

Sanitary Laundry, Dry-cleaning and Dyeing Service.

HEAD OFFICE & WORKS, YAUMATI, Tol. K. 31. HONGKONG DEPOT 16, Stanley Street, Tel O. 1279.

62. Prasa East.

KOWLOON DEPOT: 19, Canton Boal.

KOWLOON HOTEL DEPOT.

SEND "FOR PRICE-LIST.

The Original Mackay The

0 YEARS AGO The Firm of Mackay

were the first. to introduce

OLDET LIQUEUR

BEST

WHISKY

Its success has led to the existence of many inferior Brands offered under similar title. MACKAY'S THE ORIGINAL LIQUEUR WHISKY combines in rare age and choice Bouquet the perfection of Highland Whisky. A Hasithful Tonic itentiafes and leaves acoraving. Used in the leading ciabs through. out the world. Conta no more than ordinary whisky, Jbtainable from all the Leading Stores in the Colony, WHOLESALE AGENTS-BRADLEY & Co., Ltd

KEPLER

(Trade Mark

COD LIVER OIL

WITH MALT EXTRACT

In convalescence- after a weakening illness, provides concentrated

nourishment. Pleasant to take and easy to digest. Quickly increases strength and weight,

** 4070

Bittion of two sizes

HAZELINE SNOW"

-(Trida Mark)

gives radiant beauty to the skin.

la class

1. At all. Chad's And Storm.

BURROUGHS WELLCOME & Co LONDON AND SHANGHAI

All Rights Reserved.

OUR LONDON LETTER.

DRASTIC ACTION OF WORLD. FAMOUS FIRM.

THE VICKERS COMPANY AND THEIR CAPITAL,

[FRON OUR OWN CORRESPONDENT.

LONDON, December, gath

The cat-o'-nine-tails still consists of a FICKERE'S RECONSTRUCTION, ›

short handle with long leather thongs. Praise is bestowed upon the directors In the old days the thongs had steel of Vickers. Ltd, for their courpge in points, but these bave been discarded as dealing drastically with the reorganisa being too brutal. It is only imposed tion of capital. Their action was for now for crimes of robbery with violence mally approved at an extraordinary or of armed robbery. The maximum general meeting of the shareholders a number of strokes is fifty. The 'alter few days ago. On the financial side the native instrument of punishment is the course adopted is simple. It is to write birch, but this is confined to persons. down the nominal value of the 19,313,457 | under the age of sixteen. A doctor is £1 shares to Ga, ad. ench that is to say, always present, and it is his duty to to reduce the £19,315,483 65 onary certify that the victim is fit to undergo capital to £4,105,181. This will release the fogging. He has the power to stop £8,210,322 for writing down purposes; the chastisement at any point before the and it has also been decided to arrro-fall number of strokes is inflicted. priate the sum of £3,000,000 out of the SUCE IS FAME! reserve fund and £639,044 out of the profit and loss balances

A rather amusing story is being told of the Prime Minister. It seems that This action was taken on the recom recently while travelling he met a man mendation of a Committee of three men whom he recognised as an old school- ot acknowledged standing who were fellow and friend. After some hesitation. called in by the directors to suggest how he spoke to his fellow-traveller, intro- the capital of the company could be docing himself as "Baldwin." The brought into relation with the earning stranger tried hard to recall some power. They are Mr. F. Dudley Docker, carlier associations which would Mr. William McKenna, and Sir William lead to the identification of his com- Plender.

panion." Baldwin he said, "Bald-

11:

POSITION OF THE GOVERNMENT.

There are other important recommen-win? Ab, of course, I remember you dations, including the retirement of some perfectly. But tell me, what are you of the present directors and the appoint; doing now ?" ment of new men in their place, and the establishment of three management There is fairly common agreement that boards for different branches of the the Government at the end of the year business-industrial, armaments and ship is in a position of undoubted strength. building, and finance. It is sted by Mr. Baldwin is as popular as ever with experts here that so far as mero figures his Perty. He would be less subject to go this schime of reconstruction, ranks criticism than is the case were it not among the most important in the history for doubts that he will continue of joint stock finanec.. Of course, reduc dabble with Protection in the guise of tion of capital does not, except in the safeguarding of infiustries. But when directly, crable a company to earn all is said, it is an extraordinary achieve profits. But it enables it to distributement to have disposed of the Irish in ordinary dividends such profits as would otherwise have to be applied to the writing down of wasted assets

EFFECTS OF THE WAR.

to

boundary question, thereby making peaco between Ulster and the Free State. To have solved this problem and thus settled an outstanding Irish difference is to have done something which w beyond the power of statesmen in the past.

One sees in a concrete case in what has happened to the huge Vickers enter prise the effect of the Great War on Locarno has also counted to the the normal activities of many leading Government for a great deal of righteous- industries in this country. Before the Dess: Socially the great thing is the upheaval Vickers, Ltd., were primarily grant of mothers', pensions which begin engaged on steel production and arma to be paid on January 4th. Then, the ments. During the war the company's year has passed without any big strike. highly developed

and well-managed Government supporters are apt to claim undertaking was a national asset of the some credit for this, and to a certain utmost value. But when the war ended extent they are justified. The duration the directors were faced with an exceed of all disputes in the first ten months ingly difficult position. After a short of 1993 was about 6,510,000 days and the abell of industrial activity came the trade total number of work people involved slump, foreign exchanges became chaotic, was 405,000. In the corresponding. expenditure on armaments and slip period of 1924 when the Socialists were building was reduced, foreign competi in office the figures were 8,045,000 days tion became keener, and financial string, and 587,000 work people. The fly in the ency and political unrest in Europe come intinent is, of course, the coal industry; bined to prevent the re-establishment of but general improvement in trade which the Vickers export business on satis it is believed is setting in should trans- factory lines.

form a rather confused and, for some.

New Year.

PUBLIC SCHOOL BOYS FOR AUSTRALIA:

Faced with these conditions the direcon-lookers, a perplexing outlook in the tors with commendable boldness pre pared to face the situation. They invest ed heavily in numerous industrial enter. prises, some of which have not Jetely proved unremunerative, but

Beginning with the New Year a scheme will be started to train University

GREEN ISLAND CEMENT CO., LTD.

Best Portland Cement.

SHEWAN, TOMES & CO.

GENERAL MANAGERS,

HONGKONG.

CHINA PROVIDENT LOAN & MORTGAGE COMPANY, LTD.

Advances made on Landed Property, Goods, etc

Trustees of Estates, Executors of Wills, etc.

Warehousing of Goods of all Description.

For Terms and Particulara

Apply at the Head-Office-

"St. George's Building..

Telephone: C. 781.

Telegraphic Address :“RELYAT.

65

109

THE HONGKONG TUG & LIGHTER Co., Ltd.

Single packages and small consignments received

and delivered by Motor Lighter. Motor Boat and Launches available for Conveying Passengers and Baggage to and from Steam- ers in Harbour.

Stevedorage and Lighterage Work undertaken. Tugs, and Lighters available at all hours adve

For terms and particulars apply at

TALLER DIEN

HEAD OFFICE-ST, GEORGE'S BUILDING,

Head Office-Central 781.

Chinese Branch Office Central 4385.

Night, Sanday or Holiday King up Kowloon 622.

[110

HONGKONG & TERRITORIAL ESTATES, LTD.

(Property Owners, Estate Agents,

Land Valuers, etc.)

WILL UNDERTAKE THE

Development and Improvement of Landed Property and attend to all Branches of Real Estate Business

TELEPHOS

For terms and particulars

Apply at the Head Office,

"St. George's" Bullding.

C. 781. Telegraphic Address:

"ESTATES."

graduates and public school boys who THE PRINCE OF WALES.

a heavy burden on the Company The desire to emigrate to Australia and Prince of Wales has sent & cheque for his own way. He is quite satisfied with It is no secret that the Prince is well only solution wae to be found in re

With characteristic generosity the content to lead his life more or less in organisation, and thin is what is now being done. It is never agreeable, even

settle on the land. The scheme has the £1,000 towards the liquidation of the his present town quarters in York in business, to submit to a surgical ope support of all the Agents-General of the British Empire Exhibition's liabilities. House, St. James's Palace, to which be ration, and there are in this country Australian States as well as many lead-generous gesture. The Prince was not often "does-and let himself in with

His contribution is appreciated as a ean drive himself in a two-seater as he many firms with connections all over the world which have been affected similarly in Australian butitiess men. What has one of the guarantors against loss, but intch-key. to Vickers, Ltd., by circumstances out already happened is that Lynford Hal, and in that capacity appealed to others

he was the Exhibition's first President, THE LEICESTER LOUNGE. side the control of the management. But they hesitate to apply the knife to their fine country house in Norfolk, has been to sink their money in the big enterprise New Coventry Street, on the corner of Ihear that the Leicester Lounge in imposing capitals or bring their organi-acquired for housing prospective emig-which has been closed in debt. His con- Leicester Square, is to disappear; and sation, into line with the altered condirants, and there are over 1,000 acres aux something seeing that a call is being This resort was a rendezvous of the tribution shows that he wants to pay make way for a millinery establishment. tlons of the present time. To them the rounding the house which are to be used made upon those who responded to his glided youth of the nineties, and even Vickers plan, is being recommended in for training purposes. Training is to original request to guarantee the great later, and was seldom missed by gentle- the Freas as a courageous and effective be given in the management of stock show against loss. example of how adverse fortune should and there are horses, and cattle, and be faced.

men in the course of a night round the ipiga, etc., on the premises for this pur-In recent weeks His Royal Highness town," in the days when the neighbour-

pose.

has been spending a great deal of his hood of Piccadilly Circus was at its time in the hunting field. Next year he liveliest if not its best-about one The student of life and manners cannetit curolment is that the student must be will take up his abode in Malborough o'clock in the morning. The Lounge

condition of I am informed that par fail to observe "a tendency, on the part, of judges to order flagging in addition to prepared to take with him to Australia House, which is in quite the traditional atted into the scheme of things as part imprisonment for certain offeners. In my, at least £250 in order to start on his war, and the huge mansion in Pall of the mise en scene for Life, of young days in the Street of Adventure Career under the Southern Cross as a and occupation. In recent years it has ranked with Jimmy's, the Empire Mall will be re-decorated for his use Pleasure, in. Victorian London, and that lies between Ludgate Circus and the pan with a stake in the country The Strand this was an almost unheard of Government of the State he goes to Alexandra preferred to live at Sandring world that has vanished. There is talk not been used much, as the late Queen Promenade, and the Cri" in that gay thing in newspaper offices But at will provide him with land on very ham. The question is asked whether the of erecting the houss several Assizes lately the application of favourable terms, and in addition, lend

exactly as it is the cat has been decreed. It is him up to £750 for the development of said by those supposed to know about his property. At Lynford Ball fee is such things that even hardened criminals charged for training and board amount regard the extra punishment with ing to £100. QUE SEROT abject terror.

(Continued on next Chtumaj.

THE CAT AND THE BIRCH

rince of Wales will become the centre now in some other district, but I seeing that he is no loss sociable than form part of the inevitable round en of another Marlborough House set wonder whether it will as re-modelled his grandfather was. This is, however, Boat Hace nights and other hectic occa extremely unlikely so long as he chosessions. As the Scots would say, "I has to remain a bachelor,

my doubts-H-B.