1920-04-28 — Page 4

IS MONOPOLY NECESSARY ?)

LIMITS TO EFFICIENCY.

IN 13. ROUNDS.

THE HONGKONG, TELEGRAPH. WEDNESDAY. APRIL 2

HONGKONG DOG AND

HOW WELLS BEAT THE POULTRY SHOW, 1920.

FRENCH BOXER,

will, be held

(by kind permission of the

at Happy Valley.

1

Before the Manchester Statisti- cal Society recently at a meeting The boxing match between held in the Memorial Hall, Pro- Billy Walls and Paul Journee, și fessor D. H. Macgregor of the the Albert Hall recently did not Manchester University, read a by any means turn out according Stewards of the Jockey Club) paper an "The present position to expectations. Journee, who of the trust question.

is rather a novice in the art, al- The question of trusts, Pro.though he is highly thought of fessor Macgregor said, was not by his illustrious countryman, simply one of the growing size of Carpentier, was really expected the produring organisations of to prove an easy victim for Wells. the world. The alternative off Of course there was the fam- trusia or **small · busineases "iliar susceptility of Wells na a was not a correct one, though it factor in the match to what the had often been used to beg the public interest, but Wella carried quration-in defence of the trusts.the confidence of bis-admirers-in- The economies of big business his ability to win.

did

were

11012

•

од

SATURDAY, May 1st.

from 2 p.m. to 6 pm.

Judging taken place at 1pm-

show that there Sa, indeed, he did, but it took

Dogs and Poultry will not be no limits short of mano-him 13 rounds before he could allowed to be taken away before poly control" The issue of knock on: bis' man, and this, nationalisation would be a vary mind you, after he got Journee to 5.30 p.m.

formidable one if monopols all intents and purposes a beaten were, by its inherent economies, man in the second round of the the natural outcome of private contest. business. But this had never

With beautifully scientiñe lefts

Admission $1.00.

NOTICE.

been proved. Limits toeficiency and rights administered in his especially from the side of man- agement, were now generally re-tery best style. Wells had got cognised in the growth of the Journee in a semi-collaped con-

HONGKONG ELECTRIC CO.. business unit. It was partly be dition. The Frenchman's eyes

LIMITED. cause of these limita that there were glaced, and he fell stager- was distruss of the public waning on the ropes. Again Wells

hattered him with both hands, but Certiñcates in connection with Notice is hereby given that agement of entire industries. Under the modern tendency to Journee refused to go down, and New Issue of Shares are DOW wards concentration, a very small then with that curious blend ready and may be had at the of over-cautiousness and mercy Company's Offices, St. Georges proportion of establishments, with a very large proportion of the which is not kind to an opponent, Buildings, on application upon

Wells stood away from his man surrender of Banker's Receipt. employees and butput, had obtain-

and permitted Journée torecover

GIBB LIVINGSTON & CO. Agents.

ed a kind of indusinal leadership; his senses and his strength. In There was A certain zone of establishments of moderate size the third round, instead of forcing and a fringe of smaller units, by the fight before Journee coul] Hengkong, 26th April, 1920. far the greatest in number, and going again, he simply kept)

still playing an appreciable part in employment and output.

barking away round the ring content with pinking the French- man with his straight lefts. Wells waiting.

Concentration of industry was! There was

NOTICE.

the soil in which the trust move waiting, and in the meantime, Messrs. Lane. Crawford & Co..) ment had gIDWR.

But a rash the tide of Journee's strength have a large assortment of Dog tendency to exploit that concen-was rapidly coming back.

collars and leads, suitable in tration brought the organisations

Dog Show at Happy Valley.

that used it up against the con From this stage the boutevery was for the forthcoming!

siderable margin of establish-resolved itself into a straggle ments of moderate size and of

between one man's superior private firms and businesses; the science and the almost super- result being, as the history of the human strength, but helpless; Kreal trusts showed that their life defente, of the other. There was was a struggle to hold of, en comparison in the two men as boxers. Wells did almost as be extreme methods of

competition and all sorts of dubious practices. Pleased, at any rate as regards Įstaring points. Journee crouched

the natural expansion of industry, and covered up clamsils, and Even where there was a marked reduction in number of sometimes he managed to sling operating establishments

she

an awkward punch with the left the trust would only stand if it had right to Wells' head. But in inberent economies over not only

the exchange of blows the French.. incderate concerns but be hakiman was simply eclipsed. No

thing but his amazing endurance

messes:

aud the story of the hat his splendid fortitude kept, trusts had gone to show that these him going so long economies could be obtained -hont of monopoly, mainly be- When the thirteenth round cause the managemen; ef rap carne Well- seemed to realise the italistir monopolies teams in-crushy of prolonging the agong. flexible and unwieldy. The greas He kept hitting Journes with ret- trust epech in America had noctible rights to the stomach. The meant économies in management Frenchman went down Four times but an increasing burden of jfor varying mounts, and when hei salaried "officials. The United rose again the last time Wells States, the great laboratory offs runs the harder right hand this experiment, bad, he thought, punch of the match. It landed rightly regarded the trust as hav. square on the chin, and duarnee. ing artificialle Supervened on spinning round on bis heels. natural tendencies to enhrentrai plonged to the floor to bà finally ion and de having carried this counted out

heyond a point that was either) economic or safe. **This view.” said Professor Margregor. "is teassuring. since

otherwise he

should

cenerally to industry, then t fared with a could be more confident in ene economic tendency to monopoly-couraging combination el-ewhere. which would bring us to the There were two risks, to be set brink of nationalisation as the only public policy."

against one another-the risk ni. jcompetition, under which a de-i SOCIALISM ANH THE TRUST.

pression of the market was lialdej jte spread out of proportion to its Having deal: brieils with the frause; and the risk of combinat- bistory of the trust movement in lion, under which "all the eggs! TATTOUR countries Professo-Iwere put in one basket." Trusts Macgregor said that there werejdid not do away with competi. undoubted

hazing BRUNIS

tion: her taught us what com monopoly POLIS 171 certain petition was really capable of British jadustries, and it all come and thereby the betrayed the Hination was to lead to that fact that they could not stand on result, a sympathetic attitude to their allege ecubomies of work. yards it mighs lead us finally toling but WATO artificial and¦ the alternative of nationalisation nonspolistic in their nature.

Jar!]

verg

or a control of industry which In this epantry it seemed plain might be almost as difficult. If that in our way or another a the causes which had created the higher organisation of control existing trusts in England were over industry was threatened.) applicable to all industry, we "Whether," said the jecturer. might

well hesitate to as the President of the Board of adop: policy which would Trade fears and the Socialists 10 their number. If hope, the trust movement tends combination bat. no limit of towards notionalisation, or whet economy short of monopolistic her the solution is to prevent this control over the trade, then thejbs limiting the trust danzer-in) trust question faced directly to either case it is going to post u .wards nationalisation. But if something from the side of pro the existing English trusts. duction, as it now" costs a good? limited as they were in range. deal in courts and committees had been existed by special from the side.nl Labour to keep conditions which did not apply industry 'safe for demotrary,"

THE

CHAMPION

SPARK PLUG

IS THE

CHAMPION

OF THEM ALL

CHAMPION

X

-The deal plug for all magtige. Sooisture. fog

-en-rain on the out- ide of this plug does interfere with it-

operation.

OUT

ALL SIZES IN..

STOCK.

Prices from $1 to $1,50.

SHEWAN, TOMES

& CO.

MOTOR WORKS & GARAGE, No. 7. Russell St-Wanepai

Tel. 659.

...

NEW

1920.

ADVERTISEMENTS.

THEATRE ROYAL

REYNOLDS DENNISTON

To-Night

at 9.15 sharp.

Continued Success

of the Popular

DENNISTON PLAYERS

Accredited by the Hongkong Press as the best Comedy and Dramatic Organisation that has toured the East

ior years.

TO-NIGHT at 9.15 p.m. sharp

FOR THE FIRST TIME IN HONGKONG The vivid, virile Comedy-Drama America's Greatest Frama

1

'THE THIRD DEGREE.'

THURSDAY..

10th Apol

FRIDAY.

with April

SATURDAY.

1st May.

MONDAY. Brd May.

TUESDAY,

4th May.

WEDNES.. 7th May.

The greatest play produred during the last decade. The play that ran te 18 months in London under title of UNCLE SAM: *** FRIENDLY ENEMIES

to

י

The miss compelling play ever penued by the

master mind of the playwright.

**THE ACQUITTAL

The Furce of Fares, one continual serraш,

NIGHTJE NIGHT.“

The Big Play

“THE WOMAN IN ROOM 13.

At the Request of Many

*** UP IN MABEL'S ROOM."

The brilliant, sparkling and påquant Farce Comedy ** BAKY MINE'

The Box plans for the latter Three Plays will open at OUTRIES on Thursday morning.

Other plans now opeu.

Peise-

NOTICE.

Ti phua. No, Bet,

THE ROYAL HONGKONG, GOLF CLUB.

PROFESSIONAL PAIRS

COMPETITION.

Members are reminded that entries close un Zrd May.

1. S. GREENHILL

Hon. Secretary. Hongkong, 28th April, 1929,

PUBLIC AUCTION.

HE Undersigned have received TH

instructions to sell by Public

Auction

Thursday, the zoth. April, 1920. commeating at am.

at the premises of No. 11 Covered Passage of the Hongkong & Kowloon Wharf & Godown Co. ·

Lid Kamlo 013 Bundles Scrap Galvanized Wire

Terms: Cash on delivery

LAMMERT BROS.

Auctioneers.

THE Undersignedhave received instructions to sell by Public Auction on

Saturday, the 1st May, 1926

commencing an am.

at their Sales Rooms, 6 Luddell Street.

22 pieces Sandal Wood

1 case Asparagus

2 cases Sugar Corn

1 case Stringless Bean

5 cases Raisins

I crate Free

3 cases Electric fioul- 1 case Transom Lefts Terms: Cash to delivery, "

LAMMERT BROS

Auctioneers.

1

$4, $3 & SL

PUBLIC AUCTION.

HE Undersigned have received instructions from Messrs. Thoresen & Co. to sell by Public Anctios on

Tuesday, the 18th May, 1920.

commencing at 3 pm.

at their Sale Rooms, Duddell Street.

The Steamer "DAGMAR** as she now lies in the Menam River. Bangkok, with all hei machinery. gear and appurten-

ancer etc.

1957 tons gross Reg- 921 tuna ne: Reg. 1800 ms deadweight capa- rity on 17 feet mean draft Speed 10 knoja

This steamer went ashore in the Gulf of Siam, was solved, and towed to Bangkok, where she was dry-docked and patched up.

"

ADVERTISE YOUR WANTS.

""

WHAT YOU WANT SOMEONE HAS—WHAT YOT DON'T WANT SOMEONE ELSE DOES.. ONE CENT PER WORD PER INSERTION

Two Cents if not Prepaid.

A SMALL ADVERTISEMENT IN THESA COLUMNS WILL BE PRODUCTIVE OF MANY ENQUIRIES REPLIES AWAIT BOX. No.:-946 & 947

TO BE LET.

WANTED.

WANTED.-Young lady (British

TO BE LET-No. 46 ELGIN Nationality) desires position as STREET. From 1st June 1920. Steco-Typist; has had previous Apply to Dr. Asger. Dental Box No. 349 co "Hongkong experience of office work. Reply Surgeon, Post Office Building.

Telegraph."

NOTICE,

To facilitate the large increasing business, The Intemational Savings Society of Shanghai have established a Head Office for South China on the Ground Floor of the SUN Building, Canton and request that for the future all matters pertaining to the above. Company will be addressed to that office.

INTERNATIONAL SAVINGS SOCIETY.

L. C. WINTERS.

General Manager, South China.

NOTICE

The undersigned beg to announce that the International Savings Society of Shanghai have opened a Head Office for South China, in Canton, and from this date all business pertaining to the above Company will be addressed to that office. By mutual arrangement f our Representation of the abhore Company ceases from this date.

GERIN, DREVARD & CO.

Canton, 26th April. 1920.

NOTICE.

ST. JOSEPH'S COLLEGE BRANCH. KOWLOON.

Pitman's Shortband Evening Classes

NOTICE.

REPULSE BAY HOTEL.

WEDNESDAY, April 18th.

A class for young men will TEA DANSANT from 4 to 7p.m. commence on Monday, 3rd May.DINNER DANCE from 8 p.m. For particulars apply by letter to the above address.

PUBLIC AUCTION.

THEUndersigned have received instructions to sell by Public Auction on

Friday, the 30th April, 1920 commencing at 11 am.

at their Sale Rooms, 6 Daddell -street"

.J

SATURDAY, May 1st. TEA DANSANT from 4 to 7 p.m. DINNER DANCE from & p.m. SUNDAY, May 2nd. Orchestral Concerts during Tiffin end Afternoon

NOTICE.

THE HONGKONG 'ELECTRIC Quantity of Valuable Household

Furniture comprising:-

CO., LTD. Blackwood cario stands. tea- poys, tables & stools, leather

REDUCTION IN PRICE. covered couch & easy chairs, From 1st May 1920 the price of finely carred teak screen. teak Currens for Lighting and Fros Inspection orders on application dinner waggon, teak ice chests, will be reduced to 18 cents per to the East Asiatic Co. Ltd. teak dining chairs, card table. Unit. Bangkok.

writing desks, bookcases, en- gravings, rugs, single & double The steamer to be at purchasers teak wardrobes, teak dressing brass mounted iron bedsteads. risk after fall of hammer, when tables, marble top wasbstands.

| purchase money is to be paid.

For full particulars apply to

LAMMERT BROS..

Auctioneers,

OF

Messrs. THORESEN & CO,

Hongkong.

Discounts will remain a before.

d

GIBB, LIVINGSTON & CO.

Agent. camphorwood & teak chests of Hongkong, 26th April, 1930.

drawers, occasional tables, etc.

etc.

*Also

› Geyser (new)

On view from Thursday, the 29th inst.

Catalogue will be issued. Terms: Cash on delivery.'

LAMMERT BROS.

Auctioneers.

A COMPLETE ERATED WATER I'LANT FOR SALE.

The MAHNRA ««m made by Mauere., Bratby & Mine Niple, Fort, Manchester, and ruszantesď ta All working peter The complete riant wil

*th east 2,400 Aven. Vecated, Watere per day.

KWONG SANG HONG LTD..

YA 320.

MUSTARD & 01.

HERRING-HALL-MARVIN SAFE

THE STANDARD SAFE OF AMERICA.

TEL. NO. 1186.