1920-12-01 — Page 9

AMERICAN EXPRESS COMPANY.

America 1841

Established

Europe 1891.

HEAD OFFICE: NEW YORK CITY,

WORLD WIDE SERVICE.

Exclusive Otikes maintained at all principal cities in America.

ANTWERP

BARCELONA

BERLIN

BORDEAUX

BREMEN

Foreign Offices.

BRUSSELS

BUENOS AIRES

CHRISTIANIA' COBLENZ

COPENHAGEN

EDINBURGH

GENOA

GLASGOW

GOTHENBURG

HAMBURG HAYRE

KOBE

LIVERPOOL LONDON LUCERNE MANCHESTER MANILA MARSEILLES

MONTIVIDEO

MONTREAL

NAPLES

NICE

OSTEND PARIS PETROGRAD

RIO DE JANEIRO ROTTERDAM ROME

SOUTHAMPTON SHANGHAI STOCKHOLM TORONTO VALPARAISO WINNIPEG YOKOHAMA

In Process of Organization.

ALEXANDRIA CAIRO ATHENS

HAVANA

WARSAW

SHIPPING AND BANKING CORRESPONDENTS AT ALL PRINCIPAL CITIES AND PORTS OF THE

COMMERCIAL WORLD.

OUR FACILITIES INCLUDE:

Financial, Transportation and Travel Service.

Advice on

Packing. Shipping Routes. Foreign Custom Requirements.

Credit Information, Market and Trade Reports... Financing of Imports and Exports

Issuance of Drafts, Money Orders. Travelers Cheques, and

Letters of Credit.

Bills of Exchange negotiated and collected Mall and Cable Payments effected.

Dollars.

Commercial. Time and Savings Deposits received in local

currency. Pounds Sterling. United States Francs. Peso, Tael and Yen currencies.

YOUR ACCOUNT IS INVITED.

C. #. BENSON,

LITTLE FOLKS' CORNER.

MANAGER.

Hongkong.

ADVENTURES OF THE TWINS.

OLIVER ORIOLES MAXIM.

"So," smiled Tingaling. I'm thinking you don't need to be left a fortune by anyone, Mr. Oriole, because you've probably got one already, being the most prosperous tallar in the Land-of-Dear Knows Where,"

The False Basis and the Real.

In

tha

language of the economist a wage is a return for work done. It may be high or low, generous or niggardly, but in essence it is a payment for value received.

their meaning today. So far şin fact, have fatally lost from being a return for work done, they have come to depend solely on prices.

the wages of the railwaymen have To take conspicuous examples, been officially recognised as vary- The employer, an

ing with the cost of living,, and the one band, estimates that the almost increase, not because they are now the minera are demanding an ho can give for a certain job is so turning out more coal--the re much. He would like to get it dons for less, but he is pre-but simply borause the cost of vorce is unfortunately the cAIA— pared to go to that figure; for, living has risen. paying it, he can still make suficjant to meet his other ex-gone so far as to admit that they In stating their case they have pensas and leave a margin ofcan.increase the amount of coal profit.

The employee, in

brought to the surface, but they his turn, refuse to make their claim for an estimates that the least he can work for is so much an hour one thing that can justify it~| extra 2s; a shift dependent on the That will enable him, with steady higher output. employment, to keep his wife and family in comfort. It will leave nothing for luxuries, holidays or accidents, but rather than go without work or try some other occupation, he is prepared to give his services at the price, states

a writer in the Dildoing for the past six year Chronicle,

BW PRINCIPLE

There is a margin between the employer's maximum' and the employee's minimum. and the

wage agreed upon will vary be-

tween the one figure and the other according to the

Cum- Ipetition for labour an the one side and the competition, for employment on the other. But in both cases the underlying idea is value given and received.

So far the economist.

demand is marely futile, so long To blame the miners for their as the rest of the community) essentially unsound; they are! countenances a system which is simply doing what every other class of wage-earner has been

The sooner we awaken to the fact that we have been going along wrong lines in our wages settlements, and get the idea intoj our heads that it is not the cost

of living that regulates wages but wages that control the cost of living, the better for everyone in the country.

peace

and

certain

With the war, however, a new principle entered into the wage question. Times were abnormal, and the 1148X28 of were upset. There was work which had to be done at any price, and it was done not for the bones of the private employer whose interest in was to keep down expenses, but for the State, that unreal, impersonal body eseryone feels justified in "doing down when opportunity offers.

The emplorer was given a con- tract to perform at express speed. He was not tied down with regard expenses. He was allowed

to

coste plue a percentage et profit

The inevitably happened. temployer, in order to gn the work In dore quickly, offered increased wages, which, had he been work- ing on his own, he would novas have thought of for a moment.

EFFECT OF THE WAR, This had the desired elect The employer gat the work done. and pocketed his commission The State got the goods it wanted in a hurry. And the workers go their high wages. Each was satisfed and all seemed well The war was evidently a blessing in disguise.

Oliver Oriole was sitting cross-legged on a table when Tinga-there. or all classes of the com

But the process did not end ling, the fairy landlord, came for the rent, bringing his helpers.munity were encased on war Nancy and Nick, along.

work and those who were not "Oh hot

I'll bet I know what you've care for." he laughed. among the lucky trades soon rajand and it isn't to tell me I've been left a fosture either

a howl of protest at the high wages their brothers and cousins were receiving, and thes, br reason of their occupations were denied. It wasn't fair. So they." too, demanded higher wages.

Their employers, working for Me rich? That's a good their own profit, were faced with an unprecedented situation Ep ployees were demanding more than the maximum they could possibly give. If they conceded the higher wages their profits would ranish; they would have to raise their prices, and that would kill their market. It could! not be done.

"Me!" exclaimed Oliver, surprised.

"Me!" exclaimed Oliver, suprised.

"Me rich? That's

a good one, Mr. Landlord Tingaling.'

one, Mr. Landlord Tinzaling. And why, pray, do you think that Is it because I wear such gorgeous clothes?" Tingsling nodded.

Don't led that fool you, my good man," answered Oliver. "I wear good clothes for two reasons.

But was there not a war on, after all Woad increase prices really kill their markets Where": else would these markets obtain their supplies?

There lay their chance. They were saved. They could give the increased wages, and pass on the cost to the consumer in the form of higher prices. Verily, the war was a blessing in disguise!

THE VICIOUS CIRCLE. Then the vicious circle was discovered. Wages had risen be. cause there was a war on. Prices wages. rose in consequence of higher Wages had again to be

KOREAN EDUCATION.

Chinese Suggestions.

It is reported that Mr. Lyu

same Koreans connected! with the Korean Provisional

ASIA BANKING CORPORATION,

CAPITAL

{AN AMERICAN BANK)

SURPLUS & UNDIVIDED PROFITS:

TIENTSIN CANTON

t

U.S. $4,000,000.

U.S. $1,489,000.

HEAD OFFICE: NEW YORK, USA' HEAD OFFICE FOR THE ORIENT: SHANGHAI

BRANCHES:

MANILA CHANGSHA

HANKOW PEKING

All Descriptions of canking business transacted. Interes: allowed on Current Accounts, Savings Accounts and Fixed Deposits in Local Currency, U.S. Dollars, Sterling or Franca.

American Bankers Association and Guaranty Trust Company of New York Travellers Cheques sold by us. Payable throughout the world.

VERNE CLAIR,

Acting Manager. BANQUE INDUSTRIELLE DE CHINE. IFRENCH BANK) Authorized Capital F. 250,000,000 Subscribed Capital F. 150,000,000 |

THE BANK OF CHINA.

(Specially authorized by Pre- sidential Mandate of the Republic of Chins on the 2nd of Novem- ber. 1917.)

Authorized Capital. 850,000,000.00 Paid up Capital...... 12.279,800,00 Reserve Funds. 4.116,772,00.

HEAD OFFICE: PEKING HONGKONG BRANCH: 20/21 Connaught Road Central Bran- ches and Sub-branches all over Chins and Correspondents in San Francisco. Singapore and Tokyo."

Paid-Up

HONGKONG AND SHANGH BANKING CORPORATI

Paid-up Capital Reserve Funds --

Starting... Silver

$15,000,000

394

£1,300,00 $23,090.00

Emerto Liebility et Prus'slove 133,100.

MEET OF DIRECTORS &

Hear. I. 5. D. PARIIChairmat

4 B. Couple Eng - Deputy Chairma08.

01.M. Thchall Ens

D.TK Ktice by.

4. Gabbar, E

Bes, Ms. J. Jakartak A. D. Lace B

W. Pelanie. Deal

Tioa. Mr. P. 8 Bobynki 2. 4. Plummer, The

Chief ManagU ZAK Beagleur-Y. I STARK, D4+

Acting Xeno Shanghai-Q. FTTT. 1.

LONDON BEX

LONDON COUNTY WESTMINSTER PARK'S BASE, LIMITED.

Current 600vqats opened in leent entrEPEND and First Imports Terved the ass your un shorter perish in kval sartuber und Steilng is forms which wilt he quoted so applies izvie

N. J. STABB, Chief Manard). Hongkong, March 1st, 1920.

HONOKONO SAVINGS BANK

F. 15,000,000 CORPORATION

Subscribed by the Govera Reserve Funds......F. 30,000,600 |

ment of the Chinese Republic F. 50,000,000 Chairman of the 1 Andre

Board of Directors Berthelo: General Manager—A.J. Perpotte

HEAD OFFICE: 74. Rue Saint-Lazare, Paris, BRANCHES: Hongkong Shangbai London Singapore

London Bankers The National Provincial and Union Bank of England, Ltd.

York

Bankers-Irving fasten

Antwerp Flata via Bordeaux

Lyon

Swatow

Marseille

Tientsin

Dunkerque Tookchow

Tsinani

Trust Company. Interest allowed on Current Ac-Haiphong

Henri

.

founts and Fixed Deposits. Hakow Terms on application. Every description of Banking"

Business transacted.

Government in Shanghai gave a New dinner at the Great Eastern Hotel ia honour of the representatives of educational societies of the various proviures of China. whol are now staging there. At the dinner, a Chinese educationist, representing the guests, made a speech. in the roarse of which he Koreans paying earnest atten emphasise the necessity of the tion to the question of education. The speaker unged that a Korean school un a large scale should he subscriptions to be raised from established at Shanghai, with Chinese and Western peoples.

PEAK TRAMWAYS CO., LTD.

750

TIME TABLE.

WEEK DAYS.

5:00 am

32 m

3 CO D.

4:2 m

£795

NIGHT CARS. 391

::52 m

SATURDAYS.

PATRA FAR 12 to 2

350 ..

1:3

12 ma

SUNDAYS.

13 17

1

1.00 2

9:30 pm

NIGHT CARS.

Ma Were Date SPECIAL CARS.

* SILDIDA DA ya 870.

A

MARTIN'S PIOL & STEEL

I for Lates

PILLS

Andy dog wis koreguolmestion, Thosende at Ladline tease keep a hoz ! Martin's Palis in the bo, 10:

on the first sigh at any Irregularity Ma the Frasema timely chase may be at

. Theher bro med them, Benre their eareton se sql- All Chem and Storey all the chenkæbout the World, or poes some Sir, MARTIN. Chamirt, 60mpica, Ex

MARTIN'S PIOL & STEEL A PILLS

First, because I never had en YOU CANNOT AFFORD TO BE WITHOUT THEM

use for the shoemaker, who let his family go barefoot, nor for the haker whose children cs for bread. I believe that tailoring begin- At home, so I always start on myself. It's a good advertisement.

"The other reason is that once I read in a fine hook where some one said. Costly thy raiment as the purse can bay-rich but not gsady. So I got the idea and stuck to it. You see I'd feel like silly dressed up like a parrot, or a neacock, or a bird-of-paradise. stick to two colours, orange and black, 'rich but not gaudy,' and there you are."

Tingaling sighed. "My, that was a long speech. Mr. Oriole. I was afraid if you kept on you'd talk till to-morrow and rent day would be over!"

"Oh!" exclaimed Oliver, "so it's rent you're after. Mr. Tinga- ling. How would you like to take it out in trade?"

For a moment Tingaling didn't know what to say.

(To be continued to-morroic.)

JUST received a large Consignment of (1) LACTOGEN the Hot Weather; (2) LACTOSE (Milk Sugar) for sweetening the foods most digestive food for Infants which keeps good in quality during of Infants and Dyspeptics: (3) MILFORD-McGRATH FLUID INSECTICIDE the Best Fluid for destroying Fleas, Mosquitoes, JOHN CAHILL'S GOLDEN FLEECE, MAGIC and CINDERELLA Bogs, Flies and all other Insect Pests in Summer days; and (4) SOAPS for keeping everything clean in Houses.

PRICES are Very Moderate. Inspection and Enquiries are cordially invited.

泰豐

* # 1 2 6 6 4 E ## SHIU FUNG TAI & CO.

Sole Agents for Hongkong and South China. 47 and 48 Connaught Road Central Hongkong.

Telephone No. 1239.

Loans granted

securities.

00

approved

Monkilen New York Vladivostock Peric Yokobama Poza Peah Yunnanfo Saigo

BANKERS: IN FRANCE: Societe Generale:

pour favoriser le Developpe ment du Commerce et def l'Industrie en France.

Special facilities for HomeIN LONDON: London Joint City

Exchange.

Interest on Fixed Deposits at the following rates.

For 3 months 3% per annum For 6 months 4% per snoom For 12 months 5% per annum

TSUYER PRI

Manager.

THE BANK OF EAST ASIA,

LIMITED.

HEAD OFFICE:

No. 2 Comet's Bead Central Hosokox,

Established 1910.

PATI PARTIAL RECETAT STED...

DIRECTORS:

63 49, 53. 14

MP WA. Ting Pharman.

De Pong Pinz Stad.

Ken Yaz

100,000 of

• 3 Chong Knez

My Wiz fon Tree. Mr Chan Ching Shek, No hang Li

in Manager Mr Res Tong Bu

*** Manager. 3 Litw Eng

BRANCHES & AGENCIES:-

LONDON

SHANGHAI

КОЗЕ

NAGASAKI

SINGAPORE

TIEHTSIN

MANILA

SAMARANS

HEW YORK

TOTOHAMA

SAN FRANCISCO

SAICON

PERANC

МАНКОЖ

BATAYIA

SOGRAMAYA

Dhe Parker The Erndon J-sttily un Midland Flani, f. f

Every describas of Banking and Exchangr business transacted. Leasa grailed on proved SEMUA.

Interes allowed in Buttons from cermat at the rare Tangerer per annum su bas- astrat Four percent per annum, ani na

But ratha at the patent 31% per annum

the at the extent 4% per BRUN to cope with + at the rate of 5% pera

KAN TONG pr Kupang, Des! 1 1320

THE INDUSTRIAL AND COMMERCIAL BANK, LIMITED.

Head Office: 6. Den Voeux Road, Central Harrow Brasch: Bussian Concession. LOMESTIC & FOREIGN BANKING. SERVICE PROMPT. Current, Savings, and Fixed Deposits bear Interest at Rates 24%, 5%, respectively.

J. USING LY, Manager. Hongkong, 7th July, 1919.

THE CHINESE MERCHANTS BANK. LTD.,

HEAD OFFICE

Alexandra Batidjaga, Chater Road. Desert Baking sod Isabeaze basis trap tacted

Loans treated on approved pecorities. Current Accounts apeaed xad Pizzo Deposits redebred at exser whseb may be ascertained on application.

and-Midland-Bank Limited.

THE Baigne 3! the above Band is SURÉBEN

1 RONGKONG AND REASORAI ZAVEZNO Zales may be ablnized an apphostjan. INTEREST ca deposita ja allowed in thi Maintały bálazove at 334 par e1396 For the Hoppkvar 132 senasted Deal'ms Corpora

N. J. STABB.

Chief Manager,

THE CHARTERED BANK OP INDIA, AUSTRALIA AND CHINA

Iscorporated by Roval Charter (#0);

PAID-UP CAPITAL

RESENTY PUND ......... RESERVE LIABILITY OF

PROPELET

PORRIGS KÍCHANGE AND Üzzera) Ban> A bi tresort.

SERRENT ACCOUNTS opened sæð FILES DEPOSITS molved for 1 TORT OF PRETHOD yellod a rules which wait" be old e 17 phanien.

J. L. CROCKATT.

Manage. Hongkong, 11th April, 1914.

BANK OF CANTON LIMITED.

IN SAN FRANCISCO: Crocker HEAD OFFICE, HONGKONG

National Bankom Lurrespondents in the Chief Com- mercial Centres of the World

FOREIGN EXCHANGE ape Geceral Banking busines

Telegraphic Address: CHIBANKIND. Transacted

Interest on Current Accounts and Fixed Deposits in Local Currency and in Gold. Terms on application.

Every description of Banking| and Exchange business trans- acted.

Special facilities for French! Exchange.

M. MONTARGIS, Manager. Hongkong, 15th October, 1920.

BANQUE

DE L'INDO-CHINE

REACH BACK.

Head Dre; 15 dia Roy Lab 120, Patio.

Ceplist...

R

INTEREST OF FIXED DEPOSITS.

For 3 Months 3% per cr For 6 Months 4% per annu For 12 Months 41% per annRA

LOOK POON SHAF,

Chief ManscET.

THE YOKOHAMA SPECTE BANK LTD. EILLE 1830.

Capital falis paid up). Reserve Fand

1.100,000.

I. 50,906

READ OFFICE. FORDBAKA.. Branches and Apsacræet,

Kai Tura

KIDR

Futles Kaskaski

Sourhai Ringapor

"

Fradce 43.200,C

10.000,00

Maturis

B2420 A120

Lanta

Boersbays Balros

relestia

Langa

BRANCHES AND AGENCIES.

CHATO

Li Angg

Brattla

Pair (Dalaxy

Wizils

Pastaboer

fbeat Haiphons

Maigns Shangha Ripre Tientais Tharabe

Belaid

Has

H3071

Hasi Noumea Paperie Pre-Pebs Pichet

BASSZAJ

IS FRANCE: Comornie National d'Emot

* Parsa: Cendis traeon Bu do Parie es des FatB; Cricht Taduernels Commercial Bolsets Generate.

136

LONDOS: The Mailonal Provizele Mad Fat Bank of England Lid.. Com- plar Yalenal d'Escompir de Pari Fred. Lesaaie.

IN

NEW YORK: J. P. Hocqua & Co.

interest wed ng Current Accnupte sAd

F: Depardiez sa se

[813

Kemamanz

Cloaks

Now Tatk

This st

Prise

Suchey Tigatel

Visitor Teloftes

Interest silmed on Carseat Acogni

I end for Bend period at rasm

be obesised to applicatio

G. BASHIDZUME.

Manager.

13th, September, IKA

INTERNATIONAL BANKING

CORPORATION.

Evert demersɔ of braking sat enablage CAPITAL AND SÆRSLUS: ban%2C%

BIRINDOAGUE.

MARTY.

Henking. Decker List, 1914.

THE MERCANTILE BANK OF

INDIA, LIMITED.

Ered os 15, Graseeburgh

8treet, Los dos. . . J.

Anshorised Capa

Wild Up Capitu

dubscribed Cx9:51

Ruante Fut

HACKERS.

The Bank of Engl

UNDIVIDED PROFITS:

U. . $19,20,206. U. 8. $1,200,00 wat by the National City Bank of New Tarki HRAD OFFICE: 69. Wall Sumi, EXT YORK.

BRANCHES:

LONDON: 36 BJ+bcpagne, & 0. LIONS: 77 Place Zoids SAN FRANCISCO: Zontratty SDW! CHINA: Canton, nokow, Hiszbin, Hangz Peking, Shanghai, Tien tela. Intagio DOMINICAN REPUBLIC: Patio Plata, bay Zeiro de Xncuris, Hansbay. Baasiga. Bain Bolago, Barahɔpa ISDIA: Bombez, Caldusan, Ragoon SAPAS: Exe, Yokohama

JAVA: Batavis, Stafabaya.

PANAMA: Colon, Panama. PHILIPPIST INLANTIS: Caba, Man:is. EJ.209.500 STRAITS SETTLEXENTS & Singapors.

1,800,000 1,050,000

BRANCHES OF THE NATIONAL CITT 1.2.

BASE OF NEW YORK. ARGENTINA: Buenos Aires. BELGICH: Abieery, Brumrla. BRAZIL: Bahia, Fersambuco, Forto Alegr Rio de Janeiro, Baste, Ben FauİVE CHILE: Stiepy, Valparai. COLOBIA: Barsangilia, Bogats, Medeilis

·CUBA - Harkus Bad I cities is Cuba. ITALY: Genca

The London Jolas C11y & Midimat Ber. Lid BRASCHES:-

Br

Calouste

Calcate

Delta

Galle

Hongkong

KONTA

Kan

Kasis Lumpar

Karach

コール Bク

Machine

Kw York

Fexy

Xer

NSRIME

POTS LUKIP Mamertinny Sinuspare

HOSCIUSG, BRANCH

Kresy deedripting et Kesklag sad Lezha@ge bus transsoted.

PEES: LIG

PORTO RICO: Yonne, San Juani RUSSTA: Moscow, Petrograd. 30TH AFRICA: Copa Tora. SPAIS Barcelos, Madrid.

TRINIDAD: Pers of South- SEX: Xie,

Kacseszka.

Buil

aldusriptions of Basking bastavan terr

Interens Towed on Current Accounts at 7 per wanted. erat per sasomo os Daily Balanets, and on Pized Deposits at rotan which may besideriained | Ezed deposita in iodal, or foreign aurtensies as Internet allowed on awrrest movants use on application.

PESA to be Recerteised on application

B. HARSHALL

The Bark also # Date Savings Depart

E CLAU

Chief Manages,

N C. WILSON,

Asting Managar

1, Queen's Road Central. Hongkong, 12th December, IELI,

Magz.

Laszkos 12th May, 1724.