1929-07-09 — Page 1

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MASON'S DELICIOUS

O.K.

SAUCE.

Hongkong Daily Press.

ESTABLISHED 1857.

No. 22,144

號肄拾肆百兗仟弍萬弍第

日月陸年已已

HONG KONG, TUESDAY, JULY 9, 1929.

SAFE

SOOTHING

SATISFYING

ALLSOPPS'

British Pilsener Beer

can be depended upon at all times. It is famous

all over the world for its purity and excellence.

CALDBECK, MACGREGOR & CO., LTD.

fincerporatal under the Companies" Ordinances of Hong Kongk Wine & Spirit Merchants

PRINCE' BUILDING,

Ice House STREET.

Established 1864.

TELEPHONG

C. 75.

HONG KONG, CANTON AND MACAO STEAMERS.

JOINT SERVICE OF THE HONG KONG, CANTON AND MACAO STEAMBOAT CO., LTD., AND THE CHINA NAVIGATION CO.,LTD.

HONG KONG-CANTON LINE.

Sailings from Hong Kong: Daily, at 8A.M. &10.00P.M.. 110.00r.m.only)

((Sundays

Sailings from Canton: Daily, at 8 A.M. & 4.30 P.M. (4.30 only)

HONG KONG-MACAO LINE.

FROM HONG KONG:

9.00 AM. "SUI "TAI" from Wing Lok Whari.

(Sundays Excepted.

2.00 . "SUI AN

(Sandays Excepted)

de.

Begistered as a Newspaper at the Genera! Post Office in the United Kingdom,

弍拜道 日九月棨年九廿百九仟登英

UNEMPLOYMENT AND ITS CAUSES

VITAL ISSUES FOR DISCUSSION AT GENEVA.

IS CURRENCY STABILITY THE ONLY CURE?

RESULTS OF INTERNATIONAL RESEARCH.

On the very day of the British creased the number of persons in- | General Election, the International voluntarily unemployed" Labour Conference at Geneva was | The real cure for unemployment valuable would appear to be stability in the matter of currency. The Council of the League has empowered the fature Committee of Experts to

to have considered A official report on unemployment. This report was presented in pur stance of a decision of the govern

ing body of February, 1029, and itin sesligate not only the cause of etxdies the results of research fluctuations in the purchasing undertaken by the International power of gold, but also their effects Labour Offer of the League of on the economic life of nations Nations into the problem of unem- ployment.

J.

The report.consists of three parts dealing respectively with (n) Unem- ployment and Xondary Fluctua tions, (b) Enemployment in the Coal Mining and Textile Inilus trips, and (c) Unemployment and International Migration.

"In the first section attention is drawn to the unstable conditions of employment, which. in most coun tries, follow from the alternate rise

Coal Trade Agresments. In the chapter dealing with coal mining, the question is discussed whether it would not be possible by means of an understanding between Europe and the United States for the regulation, by panion consent, of their respective output of coal, to "avoid fluctuations, and thus secure greater stability of employ

aneat.

If such an understanding is to Yout achieved, the report states. agreement must first of all be re- and fall of the general price level. (Sundays

Feriods of falling prices are charached in Europe itself, at least neterized, in the great majority of between the principal coal-produe ing countries. It is pointed out, cases, by increased unemployment.

and the graphs illustrate the fad,! that Germany and the rest of Europe began increasing their out- put during the British coal strike of 1921, and again during the coal

FROM MACAO: 4.00 M. SUI AN”· (Sundays Excepted) 200 Px."SUI TAI"

(Bandaya Excepted)

EXCURSION TO MACAO:-

On SUNDAY, 14 JULY,

S.3. "SUI TAI"

Will depart from the Company's Wing Lok Street Wharf at 9 A.M., and #From MACAO at 5.00 P.M.

THE STANDARD LIFE ASSURANCE CO.

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ELECTRICAL

ENGINEERS.

AGENTS,

QUEEN BUILDING.

-DRY DOCK-

Length 787 Feet Longth on Blocks 750 Feel

THE TAIKOO DOCKYARD &

OF HONG KONG, LIMITED.

ENGINEERING COMPANY

Salvage Tug "TAIKOO"

WIRELESS CALL

Y.P.G.N. 800 METERS.

Depth on Centre of

SIII (H.W.0.S.T.) 84 ft. 6 los.

-THREE SLIPWAYS.-

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is 3,000 Tons Displacement.

Flectric Grane at Sex Wall. Capable of Lifting 100 Tons at 70 Feet Radius.

BUTTERFIELD & SWIRE, Agents,

HONG KONG, CHIKA & JAPAN.

TEL ADDRESS: "TAIKOODOOL, How Komać

“NO” 227 CENTRALS

Stability in Currency.

strike of 1026.

The facts are examined for each country in respect to price levels and employment. Dealing with Great Britain, the report proceeds:

The fall fu the general price level How this has been lost work for flat occurred in 1920 and 1921 the British miner is illustrated in marks the beginning of the exter- another table, which shows that the sive unemployment with which number of days worked in the

minde. Great Britain has been afflicted Pritish

In the woollen trade, it is the continuous decline in the export of the worsted tissues that has caused the trouble, and this is due to Ebe comparative poverty of consumers in Europe and India.

Perhaps cotton operatives in Lan: cashire will be interested in the fol lowing extract from the general conclusions":

"The risks involved in produc tion reach their maximum when the industry.in question is wholly or largely dependent on expert trade and distant markets. The cotton indiatry of Great Britain, which exports over four-fifths of its total production and accounts for more than half the world's trade in cotton nieve goods, is perhaps the best ex ample of an industry producing un

der such conditions. Unlike such an industry as, for example, the cotton goods manufacturing indus. try, of the United States, which is able to sell most of its output in the home market, where it has the advantage of an intimate knowledge of local conditions and require ments in addition to substantial tari protection, the British cotton industry has no shelter or special advantages of any kind, and muss exist by efficiency alone.

Superiority in Emctency, In such circumstances,..continu: ed prosperity must depend on the maintenance of a superiority in

in 1923. was efficiency over all other countries in ever since. In 1922 prices con- 325,000,000. and in 1927. ply the production of a vast range of tinued to fall, although at a"slack-232,000,000. It is mitted, of goods, and, often enough, on the ened pace, but unemployment also fell. As in Denmark, this cireum- stance is perhaps to be accounted for by the exceptional extension of unemployment in June, 1921, when it was temporarily aggravated by a general strike of miners. Ilence nemployment could not fit de crease in 1922

course that the process of ration maintenance of a margin of sup. ization has allowed a certain ex-eriority sufficiently great to sur pansion in production without a mount the tariff barriers of other corresponding expansion in the countries. amour of labour employed."

110

"When for any reason, the neces

Cotton Export Markets.

sary margin of efficiency. can Dealing with cotton, the report longer be maintained, the vulner

ability of the industry becomes in shows that in England since 1913, nediately apparent: exports fa!! there has been a consideratie de-off, and the cotton manufacturing "From 1922 to 1996 the priceline in the relative importance of industry in rival countries expands rapidly to supply the markets form. curve and the inverted unemploy the industry. Employment has not erly monopolized by the British ex- ment curve follow parallel paths. diminished proportionately because porter. Such has been, in fact, the The dissimilarity shown in 1926-27 of the reduction of hours from 55 fate of the Lancashire cotton indus-

is partly explained by circum- to 46. Bat the industry has detry in recent years."

The investigation regarding mis stances analogous to those of 1821 clined by 33 per cent, since 1913, gration shows that emigration and In June. 1928, the and there has been much unemploy-immigraton are the highest when

trade is good. General Strike. temporarily in ment and more ebort time.

and 1922,

Diary of Coming Events.

To-day. (July.. 8.)

Sanitary Board Meeting, 4.15

P.ME

Queen's Theatre: "The Night Bird."

World Theatre: "Mockery." Star Theatre: The Belle of Broadway."

Tung Wah Hospital Public Meet- ing on Water Problem, 2 p.m.

Tennis:-Mixed Doubles: Kow. icon Bowling Grean v. Craigen gower, Recreio v.Ladies' R.C., Kowloon C.C. v. University.

Queen's Theatre: The Night Bird."

World Theatre: "Mockers" Star Theatre: "The Belle of

Tos Danon: H.K. Hotel, 4.30 Broadway," p.m.

Dinner Dances: Repulse Bay Hotel and Peninsula Hotel, 8.30

p.m.

Tides:High: 12.13 a.m. and 10.30 a.m.; Low: 3.43 am, and 5,35

p.m.

Tea Dance: H.K." Hotel, 4.30 P..

Dinner Dance:, Peninsula Hotel, 8.30 p.m.

Tides: -High:

asd 11.24 a.m.; Low: 133 a.m. and 8.43

p.m.

1.02

Dv.12.

European Mails Outward: European Mails:- Inward: Europe vid Victoria, B.C., and via Europe vid Siberia (Mirzapore). Siberia (Pres. Jackson), 0.30 a.m.;utward: Europe via Vancouver, Europe tid Marseilles (Sarpedon), and vid Siberia (Empresa of Asia),

4.30 p.m.

Wednesday.

(July 10.) " Open Days Kowloon British School, 10 am. and 2 p.m. to 3 p.m.

to noon,

10 8.m.

Thursday. (July'11.)

Queen's Theatre The Foreign Legion

World Theatre; "Ramona."

Star Theatre: "Square Crooks." Tea Dance: H.K. Hotel, 4.30 p.m. Dinner Dances Repulse Bay Hotel, and Peninsula Hotel, 8.30 p.m.

1.50 ah.m and Tides:-High: 12.93 p.m.; Low: 8.27 a.m. and 7,39 p.m.

European Mails Outward: Europe via Victoria, B.C. (Talthy- bius) 10.30 a.m.

Friday.

(July 12.)

THE

HONGKONG

PENINSULA HOTEL: HONG KONG HOTEL: REPULSE BAY HOTEL; PEAK HOTEL.

AND

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ABTOR TOUSE HOTEL; PALACE HOTEL; MAJESTIC HOTEL

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The Only Hotel in CANTON Directly under European Management

THE VICTORIA HOTEL

SHAMEEN

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and Trips arranged for

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Taken of TOURISTS. Cable Address: "VICTORIA,"

Managing DirecTOS

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Hong_Kong's Only European Optlalan

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Manager: - MALFI A. COOFER, KADAS Registered Optometrist by Oknadian

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PRICE: $3 PER Mosta

SPORTING.

GUNS by W. W. GREENER WEBLEY and SCOTT, and Other Makers British, French and Ame-

ricaa.

B.S.A. Air Rifles, and Miniature Rides, 92, Calibre. Repeating and Automatic.

SPORTING

all descriptions.

CARTRIDGES of

Agents for W. W. GREENER, LTD., BIRMINGHAM,

HONG KONG SPORTING ARMS AND AMMUNITION STORE,

5, BEACONSFIELD ARCADE.

FOR SALE.

250 DIFFERENT KINDS OF HONOR BILT TWENTY CENT SETS From 118 COUNTRIES COMPRISING MORE THAN 1,300

DISTINCT VARIETIES OF POSTAGE STAMPS.

PRICE LIST ON APPLICATION

GRACA & CO.,

DIALEMS IN PHILATELIC GOODS, TOYS, GARDEN SKIDS, Picture BooxS, ETZ, No. 10, WYNDHAM STREET. P.O. Box No. 620. HÙNG SONG

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ON SALE.

HONG KONG HANSARD RE-

PORTS of the MEETINGS of the LEGISLATIVE COUNCIL for the Session 1929.

RAVISED BY MELBARS.

PRICE

85.

HONG KONG DAILY PRESS Offica

Courtesy, Comfort, Service

and Luxuries of Modern Hotel Construction

THE HOTEL RIVIERA

MACAU

Cable Address :--" Riviera, Macau.".

Enjoy new Health-

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Strengthen your nerve and bodily forces-- enjoy better health by taking Sanatogen.

The debilitated nerves and tissues take up Sanatogen as the parched earth drinks up water," writes Dr. Cl. L. Wheeler. Sanatogen will give you that feeling of new invigor ated health, which makes you conquer the weakening influence of a hot climate.

Sold at all Chemists and StorEL.

SANATOGEN

Christian Fellowship Mating P. O.

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Helena May Institute, 10.30 4.m.

Extraordinary Meeting: Iron Mining Co., Ltd., Messrs. Jardine, Matheson's Board Room, 12.30 p.in.

Queen's Theatre: "The Foreign Legion."

World Theatre:" Ramona."" Star Theatre: "Square Crooks," Tea Danco: H.K. Hotel, 4.30 p.z.

pa

Dinner Dance: Peatusula Hotel, Tides High: 230 rm and 1.22. p.m.; Low: 0.29 a.m. and 8.29 p.m.

The Trae Tonic Food

Box 1, Hong

the Address. Write an Order for: the Weekly Press to be sent you for Three Months or Thirty Years. The first will cost you $3.75, and the Annual Subscription is $15.

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