1932-02-02 — Page 1

Page

O.K. SADCE

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Library, Supreme Court

Songkong Daily Press.

ESTABLISHED 1857.

New

Ofton in the Unita

No. 22998. XIAAAA BETA*** HONG KONG, TUESDAY, FEBRUARY 2, 1932. *** ***#$%#EX

NOTICE

We beg to announce substantial reduction in all our prices of Wines and Spirits as from Feb. 1st.

Kindly send or telephone for our new Price Lists.

CALDBECK, MACGREGOR & CO., LTD.

(Incorporated ander the Companies' Ordinances of Hong Kong),

Prince's Building

Tel

Ice House Street

20075

HONG KONG, CANTON AND MACAO STEAMERS.

JOINT SRAVICE or tan Hone Koxa, Canton aND, MAGAN STEAMBOAT CO., LTD., and Okina Navigation Co., Lra.

HONG KONG-CANTON LINE. BAILINGS From HONG KONG -- Daily at 8 a‚m, and 10 p.m.- (Sundays. 10 p.m. only).

SAILING 3 From CANTON-Daily at 8 a.m. and 480 p.m.

(Sundays 4.30 pm, only),

HONG KONG-MACAO LINE.

SPECIAL SERVICE. BAILINGS From HONG KONG-Daily at 8 n.m. aud.5.30 p.m..

(Sundays 3 am..only), SAILINGS From MACAU -Daily at 3 mm. and 2,00. p.m.

; (Sundays 4,00 5.m. only),

f

CHINESE NEW YEAR HOLIDAYS SPECIAL EXCURSIONS

B.S. "SUT TAI " "

Ou Saturday, 6th Fouruary, 1982

will sail from Hong Kong at 9a.m. and from Macao at 3 pm.

♪.

on Sunday, 7th Febrgury, 1932

and Monday, 5th February, 1932

from Hong Kong at 9 a.m. and from Macno at 4'patu. und 5.30. p.m. ruspectively

SPECIAL SALOON FARES..

WEEK DAYS. -Single: $3.00; Retura : $5.00.", EXCURSIONS-Single: $30; Keturn $4.UU.

Non-All Steamboat Company's Steamers are fitted with Wirslons,

MACLEANS PEROXIDE

TOOTH PASTE

MAKES YELLOW TEETH WHITE Stocked by all Pharmacies, Dispensaries

Agents :

and Department Stores.

DIARY OF LOCAL

EVENTS.

TO-DAY. (February 2.).

Purification, B.V.M. Candlemas. Opening of the Y.M.O.A. Now Ving

Whist Drive at St. Patrick's Club.. Sanitary Board Meeting, 4.15 p.m. Rotary Club Tiffio, Lano, Craw- ford's Restaurant,” i p.m.

Annual Speech Day at Fairles School, a pi

11

Lammert's Sals of Household Furniture, Saleroom, 430 p.m.

"Goli: Completion of accond round. of Ross Cup (Ladies). King's Theatre ; Call

Central Theatre: Dance".

Queen's Theatre: Star Theatro: Arrow,"

"The Secret

Ten Cents A

Politica.""" House of The

World, Theatre: "Ons for the

Bimetallism and Frosperity

ARCHBISHOP WALSH'S WARNING

30 YEARS AGO.

STANDARD OF VALUE SHOULD BE

COMBINATION "OF TWO PRECIOUS METALS.

Francis Galahad writes in they Irish Independent (Dublin) as fol-

lows:-

Political economists have recently awakened to the existence of a new

art of yellow peril. This time it

| Other (Chinese 6lm), mana is the gold standard. All Cars at

Harmston's Circus at Kowloon,

in the belief that England "dil 9.13 p.m.

a righteous thing, in dislodging the golden calf from its pedestal on

Ten Dances at Hong Kong Hotel and King's Restaurant. Dinner Dances at King's Restaurant, Peg- insula Hotel and Hong Kong Hotel. European Mail:-Outward: Europe The Suez (Chenonceaux) 1.30 pm. Europa ria Suez (Antolycua 2, p.m.: Europe iz Siberia (Pres. MRiley) 2.30 p.m.

לו

WEDNESDAY.

(February 3.)

Licensing Board Mouting, Council Chambers, p.m...

Prize-giving ceremony nt St. Paul's Collego,. 8. p.m.

Suplembur 20just as she did wrong in prematurely enthroning

it in 1825.

Among the many panačena sug.

The Gist of the Theory,

Dr. Walsh atrosses the point that? bimetalliam is not an obscure sub- ject. The word itself is a misnomer since it inalines the uninitiated to think that it advocates the setting up of the two precious metals ar

double standard of value. The gist of the theory is that the standard if value should be a com bination of the two precious metala. linked together, by legal enact ment, in a fixed ratio. The ratio favoured by Dr. Walsh was that 13 ounces of silver be equal to one of gold.

"Furthermore, it proposes that the gested for, our economic ills it is mints in such country should ba strange that little er nothing is opon for the unlimited coinage of heard of Bimetalliam. It was not both precious metals, the silver so thirty golden years ago. Then coins to be legal tender in pay- mont of debts up to any amount,

DCL

Price

1T Bant

BUILDING

N. LAZARUS

Single Copy, 10

Per Month, $3.

D. C. L."

MALT EXTRACT

Is made from the finest selected Barley and malted with the greatest care on the Company's own pre- mises by the most scientiflo methods of manufacture.. THE DISTILLERS COMPANY, LTD.

EDINBURGH,

PRIOR Fer 1 lb. Jar $1.201

Fer 2 lb. Jar,.. 82.20

SOLE AGENTS:

اید را

GANDE, PRICE & CO., LTD.,

St. George's Building, Ice House: Street, TEL 20135; -

Tove Hot

H. M.S. Cumberland Dance at political economists were divided In monometallist Britain zilver THE ST. FRANCIS HOTEL

Garrison Lecture Hall, 3.30 p.m.

Whist Drive at Berman's "In-into two hostile camps-Monome-coins are mero token coins, and stitute.

Hockey Hong Kong Hockey sallism and

Bimetallism. They legal tender only, for amounts up Club Argylls & Sutherland High-used language that was-for poli

to: 40 shillings,

landers.

Central Theatre! Only the tical economiste rather, wild. Brave."

Queen's Theatro: "Politics."

Sk.

The late Bar Balfour, an ardent

King's Theatre The Virtuous biustallist designated the opposing World Theatre: Ona for the theory as of all conceivable | Other" (Cbiness film).

!!

Byt-

Stay Theatre: "The Lockedtems of currency the worst, while Deor.

Harmston's Circus at Kowloon, Mr. Giffen, the statistical head of 0.15 p.

Tea Dances at King's Restaurant the British Board of Trade and a and Hong Kong Hotel Dinner manometallist of the old school, re- Dances at Peninsula Hotel, Repulseferred to bimetallism as "that folly Bay Hotel and King's Restaurant.

Baropean Mail-Outward: of enrroney faddists," Europe Siberia (D'Artagnan) 2.30 p..

THURSDAY.

(February 4.)|| Helen May Instituto, Concert by Me and Mrs. A. M. Bowes-Smith

Hockef: Radio Sports Club v. Hong Kong Police,

Golf: Completion of Fourth Raud. Taggart Cup (Ladies).

Queen's Theatre: "Politics." Central Theatre: Only the Brave."

King's Theatre: "Th. Virtacus

ņ

Sia

Star Theatre: The Locked Door."

World Theatre: One for the Other (Chinese Him).

Tea Dances at King's Restaurant and Hong Kong Hotel: Dinner Daners at Peninsula Hotel, Hong

i

It was admitted on all sides that.

Political economists have beeng rediscovering - neveral drawbacks i the maintenance of the gold stand- ard. Dr. Walsh foretold them "30 years ago.

Monometallism results in a lon- tinues increase in the value (par-"| dining power) of gold which ad- varesis affects nations and indivi duals. Farmers' rents and national debta represent an aver increasing ,burden, because the farmers and the nation must, rear by year, part

the best informed exponent of the with a greater quantity of gouda to secure the Bxed" sum of rent or interest.

waa

the late

L

bimetallist theory Archbishop of Dublin Mr. Chap in, "the British Minister for Agri Again, the consummation devout culture, at a public meeting held in ly to be wished in any system of London in 1892, voiced an appeal currency ia unity and stability of to his Grace to set forth big views the standard of value, especially in is a pamphlet that might be disregard to international trading. tributed broadcast among the agri. Monometalliam fails, to secure this, culturists of England."

since the market prices of gold and This was followed up by a i silver may fluctuate independently, similar joint request from most of of each other.

the delegates to the World MonetaryBimetallism, on the other hand, Conferences held in Brussels in the by linking together both metais as samb year. In deference to these a joint standard of value secures Kong Hotal and King's Restaurant, appeals Dr. Walsh published his tuity and stability and checks

European Mail-Outward: notable brochure on Monometal-fluctuations,

Envph, Siberia (Empres

Ada) 5 pm.

咖

'lism and Bimetallism."

(Continued on Page: 4.) -

LANE, CRAWFORD, LTD.

RESTAURANT

Exchange Restaurant To-day's Tiffin

GRILL ROOM King's Restaurant

81.50

Tomata Cream Boup Boiled Garoupa, Shrimp Sauce

Teal on Toast and Chipe

Grilled Beef Station Sauce

Roast Capon and Bacon

Ourried Frawn

Boiled Potatoes.

Boast Potatoes.

French-BeasY

Baked Jam Bell Padding.

Fruit,

er Coffee

R. LOXLEY & CO.

Chinese New Year

TEA DANCES

ON

SATURDAY Feb. 6th SUNDAY MONDAY

4.80 till 7.18

$1.50

7th

King's Restaurant.

To-day's Tiffin

$1.50

Potage a la Hesse

Baked Fresh Fish; Colbert

Yorkshire Rarebit

Beef Steak and Kidney Pudding

Macaronz Neopolitan Macare

Roast Birloin of Lamb Souls.

Bean Salad

Saute Pamantair Potato

Garden Turnip

Lemon Cream Pie

Visit our new lounges before deciding where to have your

Tea Parties Dinner Parties

Wedding receptions and

other functions

Let our new catering department quote for any event anywhere in the colony.

Cafe Restaurant and Patisserie open till midnight,

Telephone No. 22422

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