1930-08-30 — Page 4

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HONG KONG DAILY PRESS, SATURDAY, AUGUST 30, 1930:

SHOPPING GUIDE

-PERMANENT WAVING

The Most Up-to-date Beauty Shop in Town.

MBS. BETEN. TEL. 58089. PENINSULA HOTEL Ex. 84.

NAKAMURA

MASSAGE

No. 3. Les Tura STREET, 1ST FLOOR, WAN CHAI. Roxo Koso

THE DAIRY FARM

Iar Houm BTRIT

FOR PURE MILK

FARM AND IMPORTED FROZEN

MEATS.

HOUSE FED POULTRY

Maison Marnac

(Dress Designer)

Has the Latest Models

On View at

4, Pedder Street (opposite Hongkong Hotel).

The Main Shop of

THE JADE TREE, Inc.

is removed to

THE ARCADE, PENINSULAR HOTEL, We specialize in

Famous Jade Tree Rugs, Handmade Jewellery. Pictures and treasures

of the ancient dynasties..

UALITY

DAINTY SHOES

OF EVERY DESCRIPTION MADE TO ORDER AT MODERATE PRICES

ROYAL SHOE STORE

'No. 1, D'AGUILAE STREET,

Hong Kong. Telephone [28237. •.

WITH

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2nd Floor,

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(Opponite GoareL HALL.) Orders executed.in 24 Hours. TELEPHONE 28056.

HONGKONG HOTEL

GARAGE

FOR CAR HIRE

FOR HONG Koro: 4758 FOR KOWLOON: 57374

INTEGRITY

OPENING THE CHINA China, which is the result of an

MARKET.

MISSION TO THE FAR EAST.

The Financial Editor of the Yaarhester Guardian writing on August says that the Economie | Mission to the Far East, of which the costs are largely being borne by the, Lancashire cotton industry, is expected to enrich Lancashire and other tradera and producers in England with a badly needed know ledge of markets capable of deve. lopment. The Minister for Over.

¦

inquiry made by a Chinese research institute in Shanghai. The Frank- furter Zeitung describes it naa native inquiry." The following are the main features.

LAMMERTS AUCTIONS-|

PUBLIC AUCTION.

Instructions |

TO SELL BY

The report covers 'seventy, attas in 19 provinces. The inquiry was made between August, 1929, and April, 1030. In the great cities.. from the northern-möst, Harbin, to the most southerly, Canton, once wealthy native houses are closing THE Uadoraigned have received down business. In Mukden" (Man- churia) the number of trading houses which closed their doors in November was 200, in December 400, in January 600, and in February 1,000. The average sum involved in each bankruptcy was 10,000 Chinese dollars. At Harbin in January and February over 200 bankruptcies SATURDAY, AUGUST 30, were reported, but in March over 200. Some of these had a capital of over half a million dollars.

A

PUBLIC AUCTION,

OX

1

COMMENCING AT 11 AM.

Ar No. 19, JOEDAN ROAD (2ND FLOOR), KOWLOON.

QUANTITY OF VALU- ABLE HOUSEHOLD

FURNITURE,

Os Viw From FRIDAY, the 29th Avaver, 1930.

LAMMERT BROS.,

AUCTIONEERS.

seas Trade has promised that the conclusions of the Mission shall be discussed in detail with the trades, This area was specially affected..) concerned, and that plans will be by the Russo-Chinese disagreement over the Manchurian Railway, but devised to give fractical effect to

the investigation in South China any recommendations made. We shows much the samo resuk, In believe that there are other ways in Shanghai in February, 1930, seventy Chinese sük-spinning works had to which trade with th * could be

close down, and ten local tobacco strengthened and .ed. The

factories, including the largest, the League of Nations, in the Economic Nanyang factory, gave up produce Section of its Permanent Secretariat vince far inland-300 native silk- tion. In Western Szechuan a pro- La well as in the Economic Com-spinning works closed down round mittee, which consists of a dozen about the end of last year. In Fu chow ten native banks went bank outside experts, is equipped as no

rupt with a total deficit of a million organisation in the world ever was dollars. In the same town in before to render an account of "dis: March" sixteen importing houses turbed financial conditions and to

sending goods to Kwangtung und plan measures of reconstruction. Kiangsi had to close.” We urge that the League of Nations should render such an account of the financial condition of China.

What have been the effects inside China of the fall in the price of silver. from $1.85 to 80.35 (in terms of gold dellars) per fine ounce during ten years How far is the Chinese Nationalist Government or any rival concerned with this fall in the standard value? We heard montbs past of plans for the intro-several hundred small industrial duction of a gold currency report factories, silk spinning and wear- THE Undersigned have received ed to be in an advanced stage, we

ing works, porcelain and glass heard of an American expert called works, dye, paper, and electrical CHINA BIOCHEMICAL CO. in who had given advice on such appliance works are either closed ar

on the point of closing. lines, but since then, with the re sumption of more energetic civil war silence has fallen on these prejects. It would be well if the League of Nations could let us have an authoritative account of them which might serve as the basis for a scheme to help China to a stable Currency system, as other countries have been helped since the war under League supervision.

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LOCAL MAPS

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HONG KONG WEEKLY

PRESS.

CONTAINING ALL THE WEEK'S LOCAL NEWS.

The Paper to send Home

problem but merely reprints all the replies officially received to the Briand memorandum. At the same time it is stated that Foreign Minister Briand will personally and orally supplement the White Beck at Geneva by summing up and analysing the replies received.

Want a Good Tiffin

in Town ?

"

Come to the

PRINCE'S CAFE

(Next to A.P.C. BUILDING)

To-day's Tiffin-$1,00 T-Prince's Fruit Cocktail

Ham and Chicken Consommé

3.-Stowed Fish and Corns 4-Curry Pul

The task also falls very properly within the scope of the Bank for International Settlements, among whose declared aims are "to open

12p

new fields of commerce, of supply and demand, by judicious non-competitive financial develop ment." The Bark for International Settlement and the League Econo- "mio Section should be in close touch at the two organs of economic con-

tact between the Western industrial countries whose future lies so large ly in the East.

In those larger towns" alone in Central and South China, exclud- ing the north-west and south-west, which were never equally pros- Derous, 4,800 factories closed down, mostly at the end of 1999, when debts fell due for repayment. Even in the new capital, Nanking, which has attracted 20,000 new inhabit- At ants, the story is the same. Chengtu, capital

of Szechuan,

A Task Waiting to be Done. The backing and credit houses of the old type have almost disappear- ed, especially in the north, the re- port (as given in the paper quoted) continues. Silk production in China in 1929 was only 60 per cent. of that in the previous year. Of ten cotton mills opened in Canton only three are now working.. However, it seems that over all China the cotton

mills are doing better, as only 5 per cent, of 280 fs closed down in 1929. But the wool and hide in- dustry had lost one-third of ts. business in the last three years. The oilcake and oil export from Manchuria has diminished by the same amount.

G.

PUBLIC AUCTION.

Instructions

TO BELL BY PUBLIC AUCTIÓN

ON

THURSDAY, SEPT. 4, COMMENCING AT 9.30 AM,

AT KOWLOON NAVAL DEPOT

OLD AND SURPLUS VICTUALLING STORES

Comprising

Clothing, including Serge, Flannel and other Remnants, Blankets, Mess- Gear including Electro-plate, Cutlery and Hardware.

À 60

CONDEMNED PROVISIONS FOL POULTRY FEEDING,“ &c., &c., &c.

ON VIEW From TUESDAY, the

2ND SEPTEMBER, 1930,

The conclusion of the inquiry is that the older Chinese industries silk and cotton weaving, for ex- ample) are decadent, but the newer The British Mission to China has industries (cigarettes, matches, and the task of teaching Britain to paper) have broken down even more. In these circumstances we make the best of the situation in China. (and elsewhere) as it is. It can well understand the difficulty of should be accorded by schemes for British merchants seeking to sell bettering that situation, and the to China along the lines laid down best approach we can think of perhaps several decades ago. The would be an examination of the work of the British mission can possibilities of currency atabilien-only be to show British merchants TERMS tion, with definition of the method how to do their best with this situa-

which Europe might help. tion, Meanwhile, what is known of cur rent conditions in China?

by

Bankrupt Chinese Firms, We find reported at great length in a German paper--and surely the matter deserves equal attention in the British Press-a description of the present economic troubles of

.*

What is needed beyond that is an investigation into the possibilities of restoring the Chinese market by big measures of financial and economic assistance such as the in- dustrial West "is in a position to render. That is a task waiting to be done, there are people capable of doing it.

DISCUSSION ASKED ON BRIAND PLAN.

5.-Fried Snipe, Franch Style 6-Roast Mutton, Mint Sauce

7-Cold Roast Pork

THANK GOODNESS

FRANCE SENDS. NOTE SUGGESTING DEBATE.

Paris, August 23.—Adcording to reliable information the French. Government has sont a' circular note to the various European Gay- ernments suggesting that the de bate on the Pan-European Federa tion project should start before the opening of the session of the Les- gue's Assembly and, if possible, www.simon tennenes with this panating f

the zengaryComcilo preptomy "ber: 8.

Meanwhile, the French Govern- ment has published a White Book, on the Pan-European Federation scheme which however, contrary to expectations, does not give any- thing new or make any further con tribution to the solution of tha

8.Orange Jelly

9-Cheese

10, Dessert

11,-Tea or Coffee.

Gold TIFFIN 75 cts.

Cold Boart Beef or Mattón" Gold Boiled Tork Ham *** Cold Houat Chicken Potato Salad and Mayonnaise.

*Ice Cream

-Fraite Iced Tea

INSURED

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nsure" "our residence against-Fir

THE GENERAL ACCIDENT FIRE AND LIFE ASSURANCE CORP., LTD.

For information apply

A

1. H. BACKHOUSE, LTD.

TEL NO. 97750%.

--Ja;; CHAZER ROAD...

OF SALEAB DETAILED

IN CATALOGUE.

LAMMEET "BEOS., By Appointment Auctioneers

to the Admiralty..

Hong Kong, August 20th, 1930,

PUBLIC AUCTION.

THE Undersigned have received

Instructions

}

TO SELL BY

PUBLIC AUCTION

ON

FRIDAY, SEPTEMBER COMMENCING LT 5,15. P.M.::

At THEIR SALES ROOM, DUDDELL STREET,

A FINE & VALUABLE COL- LECTION OF POSTAGE STAMPS

Comprising -

Chins, British Colonies and Ea- pecially Hong Kong Jubilee issue in Bingles, Pairs, Strips and Blocks, mint and used varieties with Six different errors including tall. "K"

On VizW From TUESDAY, the

TERMS CASH ON DELIVERY.

LAMMERT BROS, AUCTIONEERS.

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