1929-09-17 — Page 1

Daily Press 孖剌西報 All

Series Next Source

Page

MASON'S DELICIOUS

O.K.

SAUCE.

Hongkong Daily Press.

No. 22,204 號即界百式仟式萬式第日伍拾月機年巳己

REFRESHING PRIZE

KIA-ORA

Ꮐ

ORANGE

· SQUASH

SOLE AGENT:-

CALDBECK, MACGREGOR & CO., LTD.

(Incorporated under the Companies' Ordinances of Hong Kong.)

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 Kông: Daily, at 8AM & 10.00P.M. (Sundays

(10.00.c.anly) (Bundays Sailings from Canton: Daily, at 8 A.M. & 4.39 P.M.)

HONG KONG-MACAO LINE.

Гвех Нома Коно:

2.00 BUI TAI" from Wing Dok Whart

(Sandays Excepted)

4,00 PM SUI AN"

(Sundays Excepted)

30.

FROM MACAO: 8.00 A.M. "BUT AN"

(Sundays Excepted) 2.00 P.. SUI TAI (Sundays Excepted)

EXCURSION TO MACAO:- On SUNDAY, SEPTEMBER.

8.8. "SUI TAI"

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

THE STANDARD LIFE ASSURANCE CO.

£1,000 on attaining the age of Fifty-åre

Premiums moderate.

Purticulars from

SHIPBUILDERS,

SHIP REPAIRERS,

BOILER MAKERS,

Conditions liberal

'DODWELL & CO., LTD.

FORGE MASTERS, OXY-ACETYLENE AND

ELECTRIC WELDERS,

MECHANICAL AND

ELECTRICAL

*ENGINEERS.

AGENTS, QURAN'S BUILDING.

THE TAIKOO DOCKYARD &

OF HONG KONG. LIMITED.

ENGINEERING COMPANY

SALVAGE TUG "TAIKOO" WIRELESS CALL

V.P.G.N. 800 METERS

ESTABLISHED 1857.

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

Managing Directo?

You'll

'THINK better!

with

GOOD

SIGHT.

Qualidad Exroprsa Attention, Modera Light Testing Equipment at LAZARUS,

13, Quiz's Road CENTRAL, Established over 40 Years.

For Appointment---

Phone Mr. COOPER, C. Ms.

HONG KONG, TUESDAY, SEPTEMBER 17, 1929. # AL*#*#£#@^ĦT PRICE: $9 PER MONTE

GERMANY AND DAWES PLAN

REPARATIONS.

2,500,000,000 MARKS PAID IN FULL.

NOTICEABLE IMPROVEMENT IN ECONOMIC. SITUATION..........

SUCCESSFUL CLOSE OF A "TEST" PERIOD.

[By MAURITZ A. HALLGREN, United Press Staff Correspondent.]

Standing the Strain.

In a certain sense the annuity year now closing was a test period. Although the framers of the 1924 Plan were more or less confident that Germany could meet the maxi- mum payment without undue hard ship, other economic authorities, for the most part neatral observers, were the opinion that it could not be done without continued aid from the outside in the form of foreign loana. More critical com- mentators, mostly Germans, were inclined to picture the standard year as offering such a strain that

All these circumstances severely strained the credit position of the Reich, but did not prevent the standard reparation payment from being.

રા

Retail sales were about equal to the 1025 average and 90 per cent. higher than those of 1825; co-opera- tive store sales, and sugar, meat, tobacco

Industrial consumption of elec BERLIN, August 31-Germany has to the panicky feeling which ran come through its first year of through Germany when the Paris tricity during the first standard standard or maximum Dawes Plannegotiations appeared on the point year was 20 per veht, higher than

The year of collapsing. uncertainty the 1983 level; potash sales increas- reparations payments-the ended to-night--with its payment of created by these and other factorsed; the metal, machinery, pottery, 2,500,000,000 marks made in full doubtless also bad its effect upon glass, porcelain, chemical and cloth and, according to

disinterested the inflow of foreign loans, which ing industries were as active as they authorities, with its económic situa- totalled oaly 280,900,000 marks in had been at any time during the tion noticeably improving.

the first six months of the current Dawes period, while the foodstuffs, This, the fifth annuity year under enlendar year as compared with the furniture, woodwork, leather aud the Plan, saw the payments due the average of 1,300,000,000 marks for leather goods industries showed Former enemy countries jump from each of the preceding 12-month only a slight depression „measured in terms of hands fully employed. 1,750,000,000 marks of the previous periods. year to the present standard pay-

Building activity was above that of the 1926-1928 level and railway car inent of two and a half billions, which was to have been continued

loadings were also higher. Reichs- annually and indeânitely under the

bank elenrings this year were double what they were in 1995, while the Dawes arrangement.

Cold statistics tend to reveal that value of orders received by five lend the worst fears of the Germaning industries revealed an increase

of more than 12 percent. skeptics as to the reaction of the maximum payment on Germany's

Retail Sales, economic and industrial welfare were unfounded. Business activity and wage levels were no lower than in previous years and in many instances were even much higher, while wholesale prices and the cost of living were not materially chang ed. Money wages at the end of May had increased 18.0 per cent. over the 1923-1927 average, having shown a progressive growth since the start of the Dawes period.

Real wages (as adjusted accord it might ultimately lead to a break-ing to their relation to the change down of the German economic in the cost of living) had by the Albeit, the payment has been end of May increased 10.7 per cent, made with one of these having being at that time at the highest come to pass. Germany did encoun- point since the mark was stabilized.

At the same time the cost of living Further stimulus to the develop- ter some hardship, was faced for a showed an increase of about seven ment of German industry, business while last March and April with a serious economic crisis and its per cent, and wholesale prices de- and commerce can be expected to Reichstag, compelled to struggle for creased about six per cent. from the be derived from the operation of the Young Plany which will go into several months with a. budget to

effect a few weeks or months hence. which had been added a burden of

Not only will the reduced annuities 750,000,000 marks in increased re-

of the new arrangement provide parations, succreded in producing

The number of unemployed on that margin of safety which Parker The semblance of a balance and in June 15 (since then slightly further Gilbert believes will be useful in saving the country from a sharply reduced) was estimated at 950,000, carrying out" the government's increased tax load only after slash which was about equal to the 1923 contemplated programme of finan ing several important items from and 1927 averages and much lower cial reform, but it will immediately the budget. Moreover, the debt was than the 1898 figure. However, the relieve the Reich and the tax-pay- puid despite the marked slump the influx of foreign capital which 1029 average thus far is much high-ing public of a large part of the er than that of any of the previous reparations load. Up until April had featured the four previous years. Finally, the year closes with years principally because of the 1, 1930, Germany will have to pay the economic foundation of the suspension of many activities dur-only 742,800,000 marks as compared country and of the governmenting the bitterly cold winter months. with the 1,450,000,000 marks requir quite unimpaired.

structure.

105 level.

The Unemployed.

and beer, consumption, though subject to wide fluctuations. for the most part showed tearked increase. Exports (not including deliveries in kind for reparations account) were higher during the first nine months of the fifth un- nuity year than in any similar period of the four preceding years, while imports remained at about the same level, thus reducing the unfavourable balance of foreign

trade,

Production of iron and steel dured during the same period were the ing the first three quarters of the Dawes Plan to remain in force. Thereafter for several years the standard year just closed ran about payments will run from 23 to 20 800,000 metric tons higher every month than in any of the preceding per cent. below the Dawes Plan Dawes years (except for November, maximum payments.

Rather to the contrary: it was suggested by Parker Gilbert, agent general for reparations report, in his intermediate report of July 1 that there is "no doubt" as to

the essential soundness of the 1928, when there was a lockout in Failure of the various interested aces of the Reich."

He added, the Rhenish-Westphalian industry). I government to ratify the Young with reference to the country in Coal and ignite output continued Plan is time, however, bar made it general, that German business asnt about the sanie rate as in the impossible to put that scheme into had been pro- years immediately before 1920; tex-effect to-morrow tiles fell off a trifle (due mostly to vided. The Dawes arrangement, the disadvantageous Franco-German with payments based on the stan- tariff treaty, according to textile dard year, will remain in force authorities); paper production was until these ratifications are forth-

coming. up about 35 per cent.

a whole is again going forward."

Uncertain Factors..

Many of the difficulties of the past spring can be attributed to the extraordinarily severe winter and

Diary of Coming Events,

THE

HONGKONG

PENINSULA HOTEL; BONG KONG HOTEL; REPULSE BAY HOTEL, PEAK HOTEL

AND

SHANGHAI

ASTOR HOUSE HOTEL; PALACE HOTEL; MAJESTIC HOTEL

HOTELS,

LIMITED.

IN ASSOCIATION WITH, THE GRAND HOTEL DES WAGONE, LITS, PEPING.

The Only Hotel in CANTON Directly under European Management.

THE VICTORIA HOTEL

SHAMEËN

Guides

arranged for

and Trips

and Special-Care Taken of TOURISTS. Cable Address: "VICTORIA."

SPORTING.

GUNS by W. W. GREENER WERLEY and SCOTT, and Other Makers-British, French and A

rican.

B.S.A. Air Rifles, and Miniatura Billes, 9, Calibre, Repeating and Automatic

SPORTING

all descriptions.

CARTRIDGES

Agents for W, W. GREENER, L, BIRMINGHAM.

KONG KONG SPORTING ARMS AND AMMUNITION STORE, 6, BEACONSFIELD' ARCADE.

FOR SALE.

SUTTON & SONS' COLLECTIONS

FLOWER & VEGETABLE SEEDS. Specially arranged for China.

Each Collection contains sufficient Seeds for One Basson's Requirements, according to the Bize of the Garden.

Collecting of Flower Sooda

only... Collection of

Yegnabl@ 85, $7, 319.

Seeds only

---@$*. $7, 312. Collection of Flower and Vegetable Seeds in- cluding beth... ...@$5, $7, $12.

GRACA & CO.,

Dealers in Garden" Seede, Philatelia Goods, Pictorial Post Cards, Toys, etc. No 10, WYNDHAM STREET. PO. Box No. 620. HONG KONG

ON SALE.

HONG KONG HANSARD RE-

PORTS of the MEETINGS of the LEGISLATIVE COUNCIL for the Session 1928,

RAVISED BY MEMBERS.

PRICE.

Hong Kong DAILY PRESS OFFICE

Courtesy, Comfort, Service and Luxuries of Modern Hotel Construction

THE HOTEL RIVIERA

MACAU

Cable Address:«Riviera, Macau

Comments

Approved members can add comments, bookmarks, and private notes.

No comments yet.

Private Research Note

Private notes are available after approval.