1927-02-26 — Page 1

Page

MASON'S

IDELICIOUS:

O.K.

SAUCE.

Hongkong Daily Press.

ESTABLISHED 1857.

Registered as a Newspaper at the General Post Office in the United Kingdom.

N. LAZARUS,. Hong Kong's Only Europene

Optician- Established Over Forty Years. Manager-RALPH A. COOPER Begistered Optometrist (Canada),

No. 21,414 #Ħ¤#*# 8£¤ÂŒ¶¶T HONG KONG, SATURDAY, FEBRUARY 26th, 1927. # BETARELTE PRICE: $3 PEE MONTH

KOWLOON-CANTON RAILWAY.

Kowloon

Yanmati

Shatin

Tripo

TIME-TABLE.

Dep. 5,40

...Dop. $.50

Dep.

...Dep.

TipoMarket Drp. 721 Fanling ...Dup.) 7.33 Elouaihai. Dép 738

0

ALME, Į ALONG. | AM | A.M. [NDON || 7.3.

8.05) 8.30 9,15 10,801

9.2410,5

Shamakan...ANT, 7.4% 8.48

Canton Ar,| (12,90)

ENGLAND'S FINANCIAL PROBLEM.

THE WEEK'S DIARY.

MORE MONEY NEEDED FOR TRADE.

To-day.

MR. R MOKENNA'S MASTERLY EXPOSITION.

5,88 7.50

9.86 10.51 12.21 138 943 456 6317.43 9.40 11.0613.5 1,48

1 804 7.55 5.00 9.53/11.08 13.39 1.86 3.00 1.18 1.08 7.59 10.0812.18 12.48 2.00 3.11 5.24 519-8.09 9.07 10.07/11,22 12.59 207 9.13 10.111.219,5€ 213

5.201

813 2.19

www

4,3, | 476 | 4,M. |AM. | P,M. A.M. P,X, PM, P.M. P.,M. |-P.X. 8.00 Canton

8.45- Dep. Shamchun Dop

7.18 8.08 10.38 11.40 3.00 4.17 5.13 520 5.40 6.08 8.40 Sheangahas Dep 7.80 8.33 10.40 11.47 3,07 4.24 3.20 5.27 5.47 635

.Dop. 7,51

8.17 10.49 11,51 8.11 428 6.24 Time Market Dep. 7.418.27 10.59 12.02 321 178-554

6.01 6.39 7,45 8.82 11.04 12,07 3.25 4.4 5.38 758 8.45 11.17 1221 3.38 4.56 5.51

Taipo

Skatin

...Dep.

Yanmati Kowloon

Dap

61 0.19 GG 6.33

6.18 8.48

8.12 8.37 11.29 13.33 9.50 5.08 6,086.8.58 8.2005 11.37 12,43 9.58 3.18 8.11 604 6.98 7,06 720

SHA TAU KOR

BRANOH.

Finling

Skatadkok

AX 7.45"

PX. 1.1.

11.30 9,20

8.20 6.25

*.. 8.40

12.35

2.15

4.15 7.20

AX.

E 0 F.V.

Shaterkok Plating

6.30

10.15

746

E

0 P.M. 7.M. 1.06. 2.05 5.00 6.18 11.10 1.00

8.10 3.00 1.55 SONDATE AND PWRLIO HOLIDAY! ExstPTED. SUNDAYE AND PUBLIC HOLIDATI ONLI Further information may be obtained at the BuzzWAY OFFICE, Kow. 2008, er from Mesurs, Tro Cook & Bo, Ltd., Horezone, er fram. THE AMERICAx Exprran Company, Hone Kōrs,

B0J

H. P. WINSLOW, Manager,

BANK OF ENGLAND REFORM, NEEDEL

Mr. Reginald McKenna, chairman 1 larger volume of commodities which of the Midland Bank, and former the unemployed and the new re eruita to labour will produce. Ta Chancellor of the Exchequer, in his check the growth of credit when the speech at the annual meeting of the population is steadily increasing and vast numbers of men and bank, asked:

women are out of employment is obviously to cut off all hops of trade expansion unless prices are zinuously lowered.

"Why is it that for the past six years we have suffered from trade depression and unemployment, of almost unparalleled severity, while America has enjoyed great and in- creasing prosperity

сод

"But we all know what falling prices mean to trade in these con- ditions. They spell stagnation,

Annual meeting H.5. and Shang- hai Baak, City Hall, noon.

Fanling Hunt meet Hunters' Am

3 p.10.

Girl Guides rally, Headquarters House; presentation of Prince of Wales Banner by Lady Clementi, 3.30 p..

"The Hong Kong Darby Draw, H.K. Jockey Club Stand, 3 p...

Annual Meeting Bank of East Asia, No. 10, Des Voeux Road, 3.30 p.m

H.A. Hotel tes dance, 4.30 p.m. Hotel Savor tea dansant, 4.30 p.m.

Football and Cricket: details in Saturday's issue.

Yachting: Racing Yachts com-

THE

HONGKONG POMMERY

Horexoma Horns; Barutas BAY HOTEL;

PU HOTEL,

Telegraphia Address : "KREKLIN, HONGKONG."

AND

SHANGHAI

[Asrex Hova HOTEL: PALAN HOT; Marberto KaTIL.

Telegraphic Address :

1" CENTRAL, SHANGĦAL”

HOTELS,

LIMITED.

AND

GRENO.

THE KING OF CHAMPAGNES.

SOLE ADENTS:

In the course of a remarkable from which the epis means of re- pete for Tai Yut Cup for price In Aasoristion with the GRAND HOTEL Caldbeck, Macgregor & Co., Ltd.

statement in reply to his own ques tion, he said:-

England and American Compared.

"When we compare English and American conditions to find that it is in the movements of credit that the basic dissimilarity shows itself. Since the autumn of 1921 there has been a great expansion in bank de posits in the United States

latest available "Using the figures, it will be found that the

average total deposits of the banks

of the Federal Reserve system rose from. 2,500,000,000 for the twelve months ending November 1922 to 53,7$1,000,000 for 1926, an addition

of no less than £881,000,000,

"Taking similar average figures for this country, we find that

H.K. Boy Scouts Association Camp. Fire Sing-song, Seaman's Institute, 7.45 p.m.

Association of Past and Present

covery is a reduction in wages. winners.

It may be true that with failing pricea the reduction would be in nominal more than in real wages, but I think our experience has taught us suf- ficiently the difficulty of effecting any reduction at all, and that what actually ensues when the volume of maney decreases is long-continued trade depression.

"

The Only Obstacle."

"We have been working on the gold standard for nearly two years, and except for the rigidity of the Bank of England system there is response being given to growing now nothing to prevent the same trade demands in this country as has been given in America. "

HONG KONG, CANTON AND over the same period the total de be readily expanded to meet trade

MACAO STEAMERS.

JOINT SERVION OF THE HONG KONG, CANTON AND MAOLO STEAMBOAT CO., LTD, AND THE CHINA NAVIGATION CO., LTD.

CANTON LINE. "

No

Bailings from Hong Kong: Daily, at 2 AM. & 8 AK | Sunday, Bailings from Canton: Daily, at 8 AM & 3 P.M.Sailing.

MACAO LINE,

FROM HONG KONG: 8 A.M. and 2 P.M. daily. (Sunday: 9 AM. only).

4”

FROM MACAO: 8 AM. and 2 P.M. daily, (Bunday: 9.30 P.. only).

BUNDAY EXCURSION:

On SUNDAY, 27TH FEBRUARY, 1.4. “BUT AN " will depart from Company's Wing Lok Street Wharf at A., and from Macao at 3.80 r..

DRESSES FOR THE RACES.

"Direct from Patou, and other Leading Paris Fashion Houses.

Only One of Each Model Received. On View From To-day.

MADAME CLERGET, 15, Ice House St.

THE STANDARD LIFE ASSURANCE CO.

TWO SCHERMES

(1) The CHILDREN'S EARLY PROVIDENT SCH4.

Combines the

very latest and boat features of Assurance and Investment for the benefit of Your Child, (2) PARTNERSHIP ASSURANOR A plan of. Assurance appealing to

breitises men.

(08)

DODWELL & CO., LTD.,

ÄGENTI,

posite of the tan London clearing hanks fell from 21,783,000,000 to £3,661,000,000, A decline of £199,000,000. Thus while there was an increase of £391,000,000 in the United States, there was a decrease of £199,000,000 in this country.

Indirectly the Book of England ia in practice the controller of the volume of money.

The Bank is itself governed by the terms of its constitution, and even such freedom for the exercise of policy as it might possess is in considerable measure limited by the rigidity of ite system. This is the point on which I wish to lay em- phasia. ""

|

"In the United States credit can requirements more or less regardless of the movement of gold, while with us such movements are the suscan factor. The explanation of the ference is to be found in the far greater elasticity of the Federal Reserva system as compared with our own central bank.

If our central bank were to be re-established on the same reserve basis as either the Federal Reserve Banks or the recently reconstructed Reichsbank, or indeed in accord. ace with any modern system, the Bank of England would have a reserve standing at a far higher figure than it does to-day and could work with much greater froedom of policy and with manifest advan tages to our trade.

"For close on seven years we have had an army of unemployed in this country, never less than a million.

"We need careful and expert con- at one time over two millions, and sideration of the theoretical basis at present nearly a million and a

and practical technique of our cre- hall. Every year the normal dit and currency system, including growth of population adds roughly the position of the Bank of England two hundred thousand to the num as the central institution and cus- ber of our people capable of protodian of our monetary resources ductive labour of one kind or No time is too early for this, but another.

the present is peculiarly opportune by reason of the necessary revisi of the Bank Charter involved in the projected amalgamation of the note issues.'

"In order fully to occupy our people an immediate increase of banking credit, that is of money, is indispensable for carrying the

THEOSOPHICAL SOCIETY

'MEETING.

THEORIES ABOUT "INVISIBLE

HELPERS."

have done and what they have learnt in these other worlds; but there are many others who, though as yet unable to carry their con- aciousness through unbroken, are nevertheless by no means wasting the hours when they think they are asleep, but spending them in labour for their fellow-men.

Help for the Newly Dead. The physical body is nothing but a vehicle or instrument of the real man, it is put off permanently at death, but also temporarly every night when we go to sleep, when the real пл

in his subtler antral vehicle slips out of the physical body, and his astral may be seen by any clairvoyant observer.

This

DE WAGONS LITS, PIO.

Commercial Students Annusl Din- KING EDWARD her, Great Hall, University, 7.45 p.m.

Sucking Concert at K.C.C.; pre- sentation of tennis and bowls prizes by President (Mr. R. E. Lindsell),

p.m.

Dance Diaplay by Miss Y Capell's pupils, Theatre Royal, 9.15 p.m.

Dance Craigengower Cricket Club, 9.15

Boxing: RN. and Royal Marines 3.30 and 8.30 p.m. Narices competition, R.N.C.Theatre,

Queen's Theatre: "Wages of Virtue."

World Theatre The Freshman." "Midshipman." Star Theatre: Principal Mails:-Inward: Europe rid Negapatam (Albert Foegle), sure wt Marseilles (Hakun and (Kanagawa Maru). Outward:

HOTEL.

Mesa, an be had, as follows:-

Per Cover. Breakfast...7.30 am-10am...$1.00 Tiffin... 1.00 pm-2 pm....$1.00 Dinner 7.30 pm-9pm. $1.25

Nothing to equal it at the Price in the Colony,

CENTRAL LOCATION.

Electrin Lifts and Lighting. Telephones on each floor. Hotel Launch meets all Steamers. Telephone: Central No. 873 Tel. Addrom: VICTORIA,

J. H. WITCHELL, Manager.

43)

==

aru), 9.30 a. Europe vid Siberia (Gingo Maru), 10 am: Europe via Siberia (Shantung), PALACE HOTEL.

2.30 p.m.

Sunday.

Fanling Hant meet Sheung Shui Police Station, 9.30 am.

of St. Peter's Congregation Church annual meeting, Sailors' Home, W. F., noon.

འ

Yachting Cruisers re-sil 5th Championship race.

naatparatet kader the Compaane „Dvdaaneen

15, Quix's BOAD ÜEXTEAL. TIL GENEL 75.

SPORTING.

GUNB by W. W. GREENER WEBLEY and SCOTT, and Other Makers British, French and American

B.S.A. Air Rifles, and Miniature Rifles, 22 Calibre, Repeating and Automatic.

SPORTING CARTRIDGES S all descriptions/

Agents for W. W. GREENEL,

TE No. 3. Tel Ad: "PALACE.LTD, BIRMINGHAṀŁ.

Three Minutes from Kowloon Whack,

Ferry Wharf and Railway Station. Entirely under English Management | HONG KONG SPORTING ARMS. Electric Light and Fans Throughout.

AND AMMUNITION STORE,

EVERY ROOM WITH PRIVATE BATH.

Lounge Bar and Bilhard Booma Cricket: K.B.8.F.. P.A. v. China Light and Power R.C. King's Park, Unrivalled Cuisine ander the personal

TERMS MODERATE. 3 p.; Sindi Merchants t. Bohra upervision of the Proprietreta, Merchants, I.R.C. ground, 2.15 p.m.

Special Terms to Families on applica 2nd Annual Masonic Service, St. Hon to

Mas. J. H. OXBERRY, John's Cathedral, 8p.in.

Confirmation Service, St. An-

44)

Proprietress drew's Church, Kowloon, 6 p.m.

Queen's Theatre: "The making of O'Malley.

4

World Theatre: "The Wife of the Centaur."

Star Theatre: "Long Live The King."

Principal Mails:-Inward: Europe vid Negapatam (Albert Voegler).

Monday.

Lạ

Annual Race meeting. Entries close for H.K. Hortical- tural Society's annual show,

Cricket: Volunteers. Combined League, H.K.0.0. ground; Club de Recreio v, K.C.C. (League), Recrcin ground, 2 p.m.

HK Hotel tea dance, 4.30 p.m. Hotel: Savoy tea dansant, 4.30 p.1

Dance display by Miss Y. Capell's pupils, Theatre Royal, 5.15 p.m

Extraordinary general meeting H.K. Philharmonic Society, Cathe dral Hall, 5.30 p.m.

71

"vid Biberia (Gambhira), 6 p.m.; San Francisco and via Siberia Canada, U.S.A., etc., Europe via (President Jefferson), 8 p.m.

At this week's meeting of the Hong Kong Lodge. The Theoso phical Society on Thursday, Mr. J. Russell gave an address on "In visible Helpers." He said in brief.

St. Peter's Young Men's Club Among the most beautiful concep.

opening dance, R.E. Theatre, Well- tions which Theosophy has restored

ington Barracks, 5.30 p.m.

Queen's Theatre: The Making to us stands pre-eminently the be-

of. O'Malley." MBDS

World Theatre: "Wife of the lief in invisible helpers, who mira

may be fully conscious on the astral

Centaur. culously intervene to help, and to plane and able to freely move about

Star Theatre: "Long Live The save human beings in moments of in their subtler body during sleep, King"

Principal Mails:-Inward: U.S.A., special danger. This teaching is but not many are ready to join

the band of invisible helpers. fully in harmony with the older work of helping on the astral planeet (President. Filtos and Freak conception of an unbroken ladder is all directed to one great end the dent lincoln) Outward: Europe furtherance of the processes of of living beings extending down evolution. The main work done by from the Lagos Himself to the very the invisible helpers for the newly dust beneath our feet. In the East dead is that of soothing and com the existence of invisible helpers from the terror of heil and fear of forting them, of delivering them has always been recognised and death their religion has unfor- even in Europe in spite of ridicule tunately instilled in them, and to and scoffing such cases of miraculous enable them to a healthy progress

in their new ecndition. intervention are more frequent than is believed. A great number of modern instances of such happen- ings can be found everywhere. "Büch help may come from devas or nature CABLE ADDRESS:pirits, from those whom we errone- ously call dead, as well as from those who have learnt whilst still in the physical body to function p.m.

next consciously upon upon the plane, that of aatral matter. These Navy latter are men, who, have evolved Race Week Dinner, Repulse Bay themselves to the extent of being Hótel abio, to function consciously after

2, QUART'S BUILDING,

KOWLOON HOTEL

TEL. NOS.

K. 608; 809.

KOWLOTEL, HONG KONG.

A: FIRST CLASS HOTEL Under the personal supervision of an experience European Manager.

W. H. PERRY, Manager.

Wednesday,

Annual Race Meeting (3rd day). HK. Hotel tes dance, 4.30 p.m. Hotel Savoy tes dansant, 4.30 Cricket: Volunteers

Royal

H.M.8. Titania and Submarines leaving the body in sleep. Some of Dance, Hotel Bavoy. these have the advantage of récol": Kowloon Football Club dance, lecting in waking life what they Lane Crawford's

Tuesday.

St. David's Day, H.K.C.C. Tennis Tournament

opens.

Annual Race Meeting (2nd day). St. David's Society lay wreath Cenotaph, 11.

J

Cricket Volunteers e. Army, Re- creio ground..

H.K. Hotel tea danec, 4.30 p.m. Hotel Savoy tex dansant, 430 p.m.

aocial.

St. David's Society Annual Din ner, Hotel Savoy, 7.45 p.m. Scouts Murray Troop dance, R.E. Theatro, Wellington

4 Semreh Barracks, 8.30 p.m. Orchestra.

Principal mails:-Outward: Europe vid Marseilles (Angkor), 1.30 p.m.

(Continued on previous column).

The Only Hotel in CANTON, Directly under European Management.

SHAMEEN

THE VICTORIA

HOTEL

ARE

Guides and Trips auranged for

and Special Care

Taken of TOURISTS

Cable Address:“VICTORIA."

YOU

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The Sign of

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