1929-11-07 — Page 1

Page

MASON'S

DELICIOUS

O.K.

SAUCE.

Hongkong Daily Press.

No. 22,246 號捌拾肆百弍仟弍萬弍第 日柒初月拾年巳己

THE SIGN

TRADE

WW WW

MARK

OF PURITY."

We beg to announce considerable reductions in the prices of

AQUARIUS WATER

AQUARIUS WATER

Aquarius Soda Dry Ginger Ale Lemonade

Tonic

Ginger Beer

LIMESODA,

Send for New Price List !

CALDBECK, MACGREGOR & CO., LTD.

· WINE MERCHANTS..

PRINCE'S BUILDING, ICE HOUSE STREET. Telephone-Central 75

HONG KONG, CANTON AND MACAO STEAMERS.

"JOINT SERTICE OF THE HONG KONG, CANTON AND MACAO STEAMBOAT CO.,LTD., AND THEÛHINA NAVIGATION CO., LTD.

HONG KONG CANTON LINË.

Sailings from Hong Kong: Daily, at3A.M.& 10.00P.M.(10.00 only) Sailings from Canton: Daily, at 8 AM. & 4.30 F.M.), (Sundays

14.30 PL bely)

HONG KONG-MAÇAO LINE, Евом Номо Коко:

FROX MADAD: 8.00 "BUI TAI" from Wing Lok Wharf. 2.00 p.m. “BUI TAI"

(Sundays Excepted)

(Sundays Excepted)

EXCURSION" TO "MACAO:-

On SUNDAY, 10 NOVEMBER.

8.8. "SUT TAI”

Will depart from the Company's Wing Lok Street Wharl at § A.M., and From Macão at 4.00 PM.

THE STANDARD LIFE ASSURANCE CO.

New Scheme for Children's Early Endowment--

Principal features: Smail Premium, Libcral Surrender Value, Return of Premium in the Event of Death. Write for Pamphlet and Full Particuları to--

SHIPBUILDERS,

SHIP REPAIRERS,

BOILER MAKERS,

FORGE MASTERS,

OXY-ACETYLENE AND

ELECTRIC WELDERS, MECHANICAL AND

ELECTRICAL

ENGINEERS.

DODWELL & CO., LTD.

AGENTS,

2 QUEEN'S BUILDING.

-DRY DOCK-

OF HONG KONG, LIMITED. THE TAIKOO DOCKYARD & ENGINEERING COMPANY

SALVAGE TUG "TAIKOO".

WIRELESS CALL

V.P.G.N. 800 METERS.

Length 787 Feet. Length on Blocks 750 Pret. Depth on Centre of

SHI (H.W.0.5.7.)-34 ft. 6 los.» -THREE SLIPWAYS,

Capable of Handling Ships Up to 3,000 Tons Displacement

Electric Crane at Sea Wall, Capable of Lifting 100 Tons at 70 Feet Radius

BUTTERFIELD & SWIRE, Agents,

HONG KONG, CHINA & JAPAN,

TEL ADDRESS: "TAIKOODOCE, HONG KONG."

TELEPHONE: No. 112 CENTRAL

Cazz Fran: "C" ÖVER “ÅNS. PENNANT”

ESTABLISHED 1857.

Begistered as a Newspaper at the General Post Office in the United Kingdom

Hongkong Daily Press, FD,

87. Evans

Waveging Director

STREET

SIGHT-

Qualified Exceperx Attention, Modern Kyosigka Twiing Equlyanist st LAZARUS.

19, QUEEN'S ROAD CENTRAL,

Metabished over 40 Years.

For Appointment-----

Phone'. COOPER, C. 2203.'-

BAR BLA¤£$£+6ƒƒT PRICE: $ PER MONTH

HONG KONG. THURSDAY, NOVEMBER 7, 1929.

THE OPTIMIST AND THE PESSIMIST.

WITH A PHILOSOPHER INTERVENING.

A NOVEL STUDY OF CURRENT FINANCIAL PROBLEMS.

נאה

The consequence is that the general | This isn't the moment to worry investor has hardly suffered at all about private crises, even if there by recent upsets.

are say, as

doubt there are. We can think about them when public crisis... we've seen what happens to the

The Canses of Crises,

Those two eminent business mea Mr. Cheerful and Mr. Feariul met at the close of Saturday's business somewhere between Lombard Street and. Throgmorton Street, writes the

Fearful: That's what precipitates financial correspondent of the Man-

the crises. The more people know cheater Guardian. "Fine daya,"

the more alarmed they get, and said Mr. Cheerful. Yes, there's

the more shaky business becomes. no end of the drought in sight,"All this financial publicity is just said Mr. Fearful. With this ex-like political democracy or open change they were about to part, diplomscy. The differences and when a common acquaintance, Mr. difficulties that might be got over Thoughtful, emerged from the

in private, behind closed door shadow of the portals of the Bank berpine inflated by the fear and

greed of an ignorant public, an 300 as they are dragged out into the open. I tell you if it hadn't been for publicity there wouldn't have been a crisis. What we want to do is to stop people writing and read about.

of England, which he had for some time been contemplating in silence with a puzzled expression.

"How interesting." he said, "to discover that you two gentlemen kcow each other. Business friends,

Thoughtful: I wonder what you mean by that.

The Gold Eftrux.

THE

HONGKONG

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

AND

SHANGHAI

ASTOR HOUSE HOTEL; PALACE HOTEL, MAJESTIC HOTEL

HOTELS, LIMITED

IN ASSOCIATION WITH TH

LITS, PEPING.

Fearful: Why, man, the gold efflux. The world's against this island. America, speculating and driving up interest rates so that gold runs away from the Bank like GRAND HOTEL DES WAGONI water out of sieve. And übe French up to some ungodly game, hoarding every ounce they can get hold of. Do you realise that this country is the poorer by £30,000,000 within four months 1

Thoughtful: Is it? I was just wondering. Is this loss of gold a sheer loss to the country? There is, perhaps, andther side to it.

the Cheerful; Of course there is.

or have you met in private life " ing about things they don't know "We're old friends," said Mr. | Cheerful. We were at school Thougtful: Isa't there another Together And," Mr. Fearful || possibility 1 Mightn't they both added, "we both failed in the learn about these things, first Civil Service exam. in one year," writers and then

Fortunately, said M. Cheerful, Need they be ignoran, and, conThe gold isn't carried off by crack since otherwise I should not now sequently, misled by passions thieves, like in an Edgar Wallace

Cheerful: have been well on the way to

Why, what's thi story. Nor does the Bank give it everything a man a desire in this you're saying? You call our fan away for nothing. It's sold. What life, I mean an income of £19,000 vial journalists ignorant? You sug the Bank gives in one form it gets and a directorship of the Bank of gest they mislead the public? Why in another. Every pound of gold England,"

look at the mountains of informat the Bank gives out means a sterling tion piled on their desks daily, look note returned to it. What does it Gloomy Thoughts,

at the quarterly reviews, the do with the notes? It buys securi. Hm," said Mr. Thoughtful, monthly surverys, the weekly baltics and improves the level of

I was letins, the speeches, reports,

Government index

stock. Instead is that so very desirable just devoting my thoughts to that numbers, curves, crop returns, and being under an obligation to the institution" I'm sure, inter transport figures. What happens foreigner, be keeping las gold for. polated Mr. Fearful,

the that they in the world but that the tape him, it's under an obligation must have been pretty gloomy after in every office in Fleet Street 1 was sold the securities.

machine tape it out a few minutes British Government, or whoever it And it Why, every

street Arab knows carus interest on them, whereas more about current events in this the gold cost money to keep. I country and cisewhere than Roths-expect you were thinking "what child did a century ago

handsome profits the Bank of Eng land must be making or rather. aince it only distributes a fixed dividend, how it must be piling up secret reserves and strengthening its position.

ones."

At this point Mr. Cheerful took his two friends by the arm

There's nothing so pleasant as a walk through the City when it's deserted on a sunny Saturday after- noon," he said, especially when accompanied by intellectual con- veraation such дв our friend Thoughtful's presence guarantees.

Since Mr. Thougtful considered gentle exercise a help to medita tion, he agreed, and as soon as Mr. Fearful had got over his doubts about the desirability of three such well-known business rivals being seen together, and the chance ex ploited by unscrupulous Pressmea, he, too, acquieseed. The three consequently paced down Fleet Street, and conversation took the following turn.

Cheerful: Well, next week will be better. You can say what you like, but these orises have certainly cleared the air. The investing pub. He has been very nervous for some tire past and rightly so. They knew there was something amiss, they have held off for several months, It's comforting to think that our public is so well informed

|

Canny Journalists Fearful: They know one thing. They know there's a dole waiting for them if they don't work, and they take jolly good care to qualify for it. As for the information the journalists get, d'you think they'd pass it on to the public if it was worth anything? Not they. They'll pass on vague rumours and unsettle people's nerves and so prepare a crisis, but when the crisis is im minent d'you think they wam any body of it? Not much. Too afraid of fibel actions to warn, and too afraid of being proved wrong if they reassure. So they just keep quit till the thing's happened, and then they write and say that every. body's known about it for montha, And with that mountain of informa tion before them every day can you wonder if they just pass on an- digested snippets of it i

Cheerful: Well, anyway, there's no crisis imminent just now is there!

by feancial and other journals that Fearful Better ask Thoughtful when danger is threatened they what he was thinking about under immediately held off or sell out. the walls of the Bank of England.

of

Thoughtful: Well, I wasn't, as a |

atter of fact. But I must say find your remarks most interesting.

Another Mystery.

Fearful: But utterly nonsensical, As if gold were not the basis of credit, and as if every pound of gold that leaves our shores did not mean a contraction of credit to three times that amount. That, no doubt, is what you were really thinking,

Thoughtful: No, not that either. I was just pondering over a finan- cial question.

Fearful and Cheerful: Which? Thoughtful How the expense of the new building is being shown in the Bank return. I have failed to and any trace of it there.

Mr. Fearful and Mr Cheerful, with a pitying expression, lift their hats to the pensive prober into First and Last Things, and leave him to wrestle with them.

Diary of Coming Events.

To-asy. (November 7.)

Interport Cricket:" Shanghai v. Malaya, H.K.C.C. ground, 10.30

1.10.

Ladies' R.C." At Home," Finalis

of open tennis championship, 3 pm E.A.S.M.A. meeting, 5.30 p.m. Concert of French Music, Helena May Institute, 5.30.

Ruth Van Valey Co. Star Theatre at 0.13 p.m.

H.K.C.C. Smoking Concert, 9.30

Friday, (November 8.). Christian Fellowship Meeting, Helena May Institute, 10.30 am.

Dinter to Interport Teams, Government House.

Interport Cricket: Shanghai vi Hong Kong, H.K.C.C. ground,

10.30 ..

Cricket:-Division IL: Kowloon C.C. t. Police (F.).

Football:-Division I.: Chinese Cricket: Army #s, Malaya.

t. Navy, Royal Artillery. Club, Council Chamber, 2.30 p.m

Meeting of Licensing Board Kowloon . Police, South China ." K.0.8.B., St. Joseph's 1. Somerneta, Jumble Sale, Union Church Kow-Div. II. University R.A.M.C loan, 230 p.m.

Ruth Van Valey Co. Star Theatre at 8.15 p.m.

The Singing Fen's Theatre:

(talking picture). World Theatre: "The Kid is Clever Queen's Theatre: "The Singing Star Theatre: "For Alimony Foot" (talking picture).

Only." World Theatre: "The Kid is Clever."

p.m.

Star Theatre: "For Alimony Only."

Ten Dances: E.K. Hotel, Penin- sula Hotel, 8 pm.

Dinner Dances: H. Hotel, Repulse Bay Hotel, and Peninsula Hotel, 8.30 p.m.

Tides: High, 1.47 p.m.; Low, 750

A.M.

European Mail:-In ward: Europe via Suez (lawalpindi).

Peninsula Hotel, & p.m.

Tea Dances: H.K. Hotel, and

Dinner Dances: Peninsula Hotel and Hong Kong Hotel, 8.30 p.m.

Tider: Low, 8.01 ..

European Mails: Outward Europe vid Sibonia (Rawalpindi),

10.30 0.

Saturday. (November 9.) Cancasian Institute: Charity Fair, 36, Caine Rota, 10a.m. to 6.30

p.m

"Dinner to Interport Teams, Government House.

Navy ช Eastern, Recreio t Royal Artillery, South China "B" . K.0.8.B., Somersete v. St Joseph's, Club r. South China "A Kowloon v. China "A" Ewo v. Chinese "B," Mis Dairy O'Keele's Dancing Display, Theatre Royal, 9.15 p.m.

Queen's Theatre: "The Singing

Fool" (talking picture).

World Theatre: "The Kid is Clever"

Star Theatre: "For Alimony Oaly."

Tea Dances: Hong Kong Hotel, Peninsula Hotel, p.m.

Dinner Dances: Hong Kong Hotel and Peninsula Hotel, Special Carnival at Repulse Bay Hotel, 8.30 p.m.

Tides: High, 12.31 a.m.; Low, 10.14.m.

European Mails: Outward : Europe viá Marseilles (Macedonia) 10.30 a..

The Only Hotel in CANTON Directly under Europesa Management.

THE VICTORIA HOTEL

. SHAMEEN

Galdes and Trips arranged for

and Special-Care Taken of TOURISTS.

Cable Address: "VICTORIA."

SPORTING.

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

rican.

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

SPORTING CARTRIDGES of all descriptions.

Agents for W. W. GREENER, LTD., BIRMINGDAM.

KONG KONG SPORTING ARMS AND AMMUNITION STORE,

6, BEACONSFIELD ARCADI

JUST RECEIVED.

FRESH SUPPLY OF RELIABLE AND TESTED' FLOWER AND VEGETABLE SEEDS

FROM

Mzias, SUTTON & SONS, READING,

The opportunity of serving you will be a pleasure and your commands will have our best attention..

GRACA & CO.,

No. 10, WYNDHAM STREET, F.O. Box No. 620. HONG KONG

A

H

J

ON SALE.

'ONG KONG HANSARD RE

PORTS of the MEETINGS

of the LEGISLATIVE COUNCIL for the Session 1928.

REVIBED BY MEMBERS.

PRICE

HONG KONG DAILY PRESS ÚNICE

Courtesy, Comfort, Service and Luxuries of Modern Hotel Construction

THE HOTEL RIVIERA

MACAU

Cable Address Riviera, Macan.”

"The Right Port in Sight'

AROSO'S PORT

Obtainable Everywhere.

Bole Distributors:

H. RUTTONJEE & SON

15, QUEEN'S ROAD CENTRAL

P. O. Box 1, Hong Kong

Is 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.