1921-11-28 — Page 12

12

WHY EUROPE IS WITH- OUT WORK.

A State Of Economic War,

THE HONGKONG TELEGRAPH.

WEATHER REPORT.

"The typically agricoltural countries meanwhile-Hussin, for instance-bave lost their meana of production, of transport or banking and commerce, and are being forced back to the old self- Nov. 284. 19h 03m-Warn- The reing to Hongkong, Coast Parts, A London Observer interviewer, supporting principle. Dr. Graunini, head of the Com-damand is, on the other side. &e.A typhoon of unknown in- Inercial Department the accelerated by the big capitalist tenaity within 120 miles of Lat italian Embassy in London, is countries, which are abutting 17 N. and Long.117 E, moring

The North. one of the best economists of the their doors to imports. progressive school in Europe. economic sources of the world are He has represented Italy as an drying up. More than that, the expert in all the peace confer-seeds of further war are being

by this ences of the Allies, where he has soWN

very policy might ba argued that consistently used his intuence It towards restoring Europe to the even from the point of view of normal ways of paace. as world pesce commercial policy is affording the

solution of more urgent and fundamental only of the commercial and importance than disarmament.

CONFIDENCE AND COMMERCE. economic chaos produced by

"Still another injurious result. the war. His diagnosis of the present state of the world, as ex-of the present policy is the Con- pressed in terms of unemploy-destruction of confidence.

November 28d. 13h.05m.-Pres- sure has decreased moderately from Hongkong to Formosa and at Weibaiwei. It is now highest over the Sea of Japan.

MONDAY, NOVEMBER 28, 1921.

HOTELS.

THE HONGKONG HOTEL CO., LTD.

OPERATING:-

HONGKONG HOTEL

(ung mg)

REPULSE BAY HOTEL

PENINSULA HOTEL (Kowloon)-

HONGKONG HOTEL GARAGE

{pezierted?

A secondary has formed to the TOWN GARAGE & SHOW ROOMS RUSSELL STREET GARAGE west of Luzon. It appears to be moring northward.

Cyclonic gales may be expected to the SE. of Hongkong.

Hongkong Rainfall for the 24 ours ending at 10 am to-day,

want, and his view as to what fideoca is the whole basis of com ought to be done, will interes: all mercial life as it has developed 106 inches. Total since January those who are seeking for a solu-since the last century. Lack of 1st 97.12 inches, against cion of the problem. "I: is nec-confidence has produced lack of

essary," he said. "to act at enterprise and lack of work. Ierage of 81,85 inches.

District.

once. A delay of days now will by any chance an enterprise is sORECAST FOR THE 24 HOURS

it is dropped at the take years to make good. The started,

ENDING AT NOON TO-MORROW, lass. It is immediate palliatives which are first financial

that the present

Forecast. being prepared by the Govern- true

of the world-take meats will lead to higher prices: dition the fundamental problem, of re- Russia, Asia Minor. Hungary, starting the wheels of industry Albania Upper Silesia-is not must be made now, or it will be calculated to foster confidence: still more difficult later.

the question almost arises as to whether even the presont atten uated basis of economic activity can be maintained unless some- thing drastic is done.

FROM THE VOLLA TU MANCHESTER

"The vast industries of the second half of the last century

based. were

not merely coal and machinery.

40

It must be done now. We

of

N. winds, Hongkong to Gap fresh: Rock

cloudy.

} Northerly Formosa Channel gale.

coast of) China betweea

The same H.K. & Lamocks) No. 1.

South coast of) China between H.A. & Hainan.)

The same As No. 1.

T. F. CLAXTON, Director. LE. Observatory, Nov. 29, 1921.

on must distinguish between pailia-South but ontives and rallies, and aim at the intensified Interaction of tundamental convalescence high production and high con- the body economic. The resamp sumption, which transferred trade tion of production in certain from a national to an interostion countries should be considered a humanitarian or A al basis The cornfelds of the not as Volga gave work to the engineer political, but as an economic, ing factories of Manchester, problem. Russia is a test case.

A FAMINE SUGGESTION. Lyons, and Milan. That theref are 300,000,000 inhabitants of "I lately had the occasion to Eastern Europe. Russia and Asia explain a scheme for providing who have not yet restarted their food for Russia, whereby the pre-war production, has a direct credits which the great European

The time ball on Kowloon +ffect

of countries have in certain of the the workshops on Brusin, America. France, and border states might pay for the Signal Hill is dropped daily at 10 sending of the food surplus in m. and 4 p.m., except on Satur Italy.

those border states into Russia. days when it is dropped at 10 and might further, open the road a.m. and i p.. and on Sandays to a general settlement of the and Holidays when it is dropped burdensome national obligations at 10a.m. only. of a political character.

"At the present moment the world is in danger of reverting to the ndustrial condition of the firs: half of the last century. Take the case of Russia After the Turkish War of '77 Russia enter- el upon the international phase

TIME SIGNALS.

The ball is hoisted half mastati

"In short, the solution simply the 55th minute and full mast at is the re-establishment of the the 57th minute. Should the ball

of her commercial development, sentiment of peace and contilence fail to drop at the correct time, i

and the practical recognition of will be lowered at five minutes the principle of the economic unity of the world. The longer this as: the hour and the ordinary routine repeated at the following solution is delayed, the more hour, if possible. difficult it will become."

Loss of the means of production, disorganisation of transport de moralisation of the people by famine, have turned back the clock half-a-century, and one effect of it is unemployment in the West. Asia Minor is approach- ing the condition of Russia. China is stationary. Many of thei states in the East of Europe are far removed from the pre-war standard of production. Such is the problem.

FANTASTIC EXCHANGES, "The position is made worse by the fantastic state of the ex- changes. It needs courage to

EXCHANGE.

'Ubening Rate: closing Rate on Page 2). SELLING.

FT Demand 30 d/s 50 địa

4 m/s

T/T Shanghai

tackle this problem, and courage T/T Singapore.. has so far been lacking.. Govern-

ments bare allowed themselves T/T India...

TIT Japan

Demand, Indis

(ľachine $22001)

REPULSE BAY GARAGE

KING EDWARD HOTEL.

CENTRAL LOCATION,

ELECTRIC LIFTS AND LIGHTING, TELEPHONE ON EACH FLOOR

HOTEL LAUNCH MESTS ALL STKAMERS.

Tographio Addresa: "VICTORIA "

Tel. 373.

THE PEAK

1.500 FEET

J. WITCHELL,

Ai anager.

HOTEL

Abude 32A

LEVEL.

15 MINUTES FROM LANDING STAGE.

UNDER THE

MANAGEMENT OF

MRS. SLAIR.

EUROPE HOTEL, SINGAPORE.

UNDER NEW BRITISH Manauement.

THE PREMIER HOTEL FINEST SITUATION. EXCELLENT CUISINE.

13

ARTHUR 5. ODELL,

Late Grand Hotel, SoutheHffe, England and Royal Palace Hotal, London, W.)

KINGSCLERE

HOTEL MID-LEVEL KNUTSFORD HOTEL · KOWLOON

SACHSE, LENNOX & Co. General Agents

Are resident Managers,

RIVER LEVELS.

Should the time ball be out of As a guide to shipmasters and others interested in the water order the above routine will blevels of the river we have been requested by the Board of Con- carried out with the flag"Z".onservancy Works of Kwangsung to publish the following table of the storm signal mast.

water laveta. The levels are taken at 10 a.m. each day.

Time signal are also given at night by means of three white lamps mounted vertically on the Observatory wireless mast. From 3h. 56m. 0 to 9h. 0m. Os. p.m. the Jamoa are extinguished more eatarily at the even seconds. except at the 2nd, 23th, 50th, 52nd, and 34th of each minute.

The hours refer to Hongkong Standard Time (3 bours of east Greenwich).

Place of Observation

1227

Highest W. L

Lowest W. L

ever recorded

*

Feet.

recorded Foet

W. L. W. L Aug. 30 Aug. 31

Foot Foot

Wachow Kongmoon, Linkonghow, North Samshai, Sheklung,

West River

+79.50

-2.42

29.00

29.40

-0.80

6.90

7.60

+57.00

0

+27.25

-5.00

East

+15.15

-0.98

3.61 4.00

PEAK TRAMWAYS CO., LTD.

2794 2/13

2/814 Nom.

114·

110

197

5294

15114

Nor.

7.65

1.50 A. 10 1.00 0.

BUYING.

METEOROLOGICAL.

1.09

9.30 --

1.30

+ m/s. L/C

ចម

1 m/s. D/P

2:934 2/94

11.50

14.30 p.

50 4.00 3.

10 p.)

2/10

2/1116

T/T San Francisco)

& New York.

to be prevented by political con- widerations from going to the root of the matter business men have so far been afraid of trespassing TIT Jara on the province of the Gazern TIT Marks esta. It is clear, however, that TT Francs

great mass of Enancial Demand. Paris -the

obligations, of a political char- acter, which have been ift

the war, arg

by

Mi

m/s. L/C ....................

10 dis. Sydney and}

Melbourne 0d/s.San Francis-1

co & New York

5591

1 m/s. Marks ......... Nom 8.25 Izola, France

the main factors operat ing against the stabilisation of the exchanges, by reducing good will and confidence and by falaifying our sense of proportion. How can one expect a country with a war debt of 70 milliards

ins. Francs....... 8.45 to recognise the pressing neces- sity of eliminating a deficit of Demand, Germany. five milliards and starting a new Jemand, New York 529ý system of finance?

FIT Bombay ... NoL "Another obstacle to the

Damand, Bombay ... 197 restarting of sound trade and the FT Calcutta

Nom elimination of unemployment has Demand, Calcutta 197

the short-sighted

como Yokohama...... 110 mercial policy followed almost demand, Manila

... 10314 universally since the armistice. Demand, Singapore. 114 Under the stress of Budget de-Demand, Batavia mands, most of the Goreaments On Haiphong......... have adopted a policy of dis. Saigon crimination in prices, differential On Bangkok........ duties, monopolisation, the im- Sovereign position of expor: taxes on raw materials, fuel and foodatuffa, in direct contravention of the principle of the economic unity of the world.

been

ECONOMIC WAR "This policy continues. It

15111⁄2

Kom.

79 Nom. 7.30 Fold leaf per Tasi... 47.60 Bar Silver, ready... 3734

forward

3736 Bank of England rates 5% New York/London 3.9814

SUBSIDIARY COINS.

amounts to a state of economic Ikong 50 ct. pieces 1/5% pm.

10

PT

5

war, and there can be no recon- struction until it ends. The new tariffs imposed by many of the Canton sub. coins European and North American

States, the measures

taken to

Previous

Day

on date.

on dalo.

Barometer......30.01 29.96 29.91 Temperature... Humidity

Wind Direction Wind Force Westher........

ород

71 64

74

53 86 36

W. F. N...

I

1..

2

O od

Q

0.00 0.00 0.06

sir

Rain... Highest

Temperature on the 27th 74 Lowest open air

Temperature on the 28th 63

T. F. CLAXTON, Director.

H. K. Observatory, Nov. 23.

TIME TABLE.

WEEK DAYS.

Leery 1 min

10 min

15 mla 15 m 10

13 min

NIGHT CARS.

1.50 p.m. to 8.00 pm. 1.20

2.50 p.m. sa IL-30 pm. very 30 missier 11.45 ..

SATURDAYS.

FITE CAR 12.00 midaizak SUNDAYS.

1.30 am to 1,45 .. 1,00 10 3.

9.50.10 11.00

1130 m, to 12.00 noon

12. 03 500

10 1.50 .. to 4.00 p.m. 4.00 .. 50 9.10 p.m.

1.00 pm

4

Every 5 mia

13

NIGHT CARS.

A on Work Days.

SPECIAL CARS.

TI SI

BY LEKINGEMENT AT YES COMPANY'S OFFICE, ALEXANDER WUILDINGA, DE TOG

TIDE TABLE.

LOAD.

28th Nov., to 4th Dec, 1922.

PASSENGERS ARRIVED.hotos

1/10% pm.

Per BS KEYSTONE STATE: Mon. 23 1.6% pmMiss Mab Arnison, Mr. A

Tres. 29; 16% dia. Blomber, Mr. & Mrs. A. P. Castro,

Hoogkong Nov. 28, 1921.

prevent damping on the part of EASTERN EXTENSION AUSTRAL Countries with depreciated cur- ABIA & CHINA TELEGRAPH CO. Tencies, suggest that the crm- mercial war tariffs used before

PH

+14.70

8.50

8.00 8.10

NOTICE.

MITSUBISHI SHOJI KAISHA, LTD.

(MITSURIKNI TRADIND GO. LTD. COAL, GENERAL IMPORTE AND

*XPORTS. SOLE PROPRIETOES OF COAL MINES GI

OCHI, MUTARE, KISMIDAZL YOSHINOTARL, HOMO, NAMAZUTA, BATU SHINNEN. KANADA, KAMITAMADA, 1197

IN OTUSARI,

Agents for SAKITO COAL.

HEAD OFFICE, TOKYO,

BRANCHEB AND REPRESENTÄ- TIVES :- NAGABAKI, KARATEL. WAKAMATSU, MOJI, KURE, KOBE, OSAKA, TOURUGA, NAGOYA YOKOHAMA, TOKYO, HAKODATŁ MUBORAK, UTARU, VLADIVOS. TOCK, PENING, TIENTAIN, DAIRES, TSINGTAO, TRINANJU, HANKOW. SHANGHAI, HONGKONG, CANTON, MANILA, BINGAPORE, SOERABAYA, LONDON, PARIS, NEW YORK & SEATTLE

Cable Address :-—-—--"IWASAKISAL,"

Codes:--Al, A.B.C. 5TH ED., Western Union and Bentley.

AGENCY POR ———THE MITSUBISH. MARINE AND FIRE ÎNSURANCE.

W

Low Wat

Blangkong

Al Musa Das

Mens Time

by D

b. m

9 7 8 1 7,5 10 1

5.6

39

18

1 58 3.3

# 3 10 13

21

34

10 32

4 1

12

3 42 3.5

11 40

14 14

1.

Co..

9 55

3

0 2

m 5 24

1C

4 12a!

Mr. B.

+

1 16 46

m. 6 8

10 56 7.3

4

212

46

634

Il Tia 5.4

$ 19

Mr. F. C. Costa, Mr. H. R. Franz, Wed.39 Miss G. Hazzard, Miss Blanche Heriot, Mr. E. M. Larcina, Mr.Thur. 1 D. Macke zie, Mrs. Helens Paton, P. Mr. A. Onderwizer, Mr. C. O

Sauve Consulat France, from Chang, Mr. K. Chang.

1914 at exceptional times have Saigon,

now become normal instrumen ́s

of commercial policy. This is one

of the great obstacles to intert R- tional trade.

M. E. F. AIREY,

Superintendent

Hoogkong, Nov."24, 1921

Willism Tao, Mr. Shun Kangto, Mr. G. Y. Lee, Mr. P. C. Lau, Mr. . K. Shan. Mr. & Mrs. Si Lat, Mr. Mor Wah Food.

447a

m morning; a afternoon

THE OBAKA, MARINE & FIRE INSURANCE CO.

For Particulars Apply to

5. KOMURA, Manager.

No. 14. Pedder Street Hongken;

ENTERTAINMENTS.

THE

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DEAD MEN

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Commencing TO-NIGHT

FRANI. MAYO

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She placed an eagles feather across his outstretched hands.

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To-day at 5.15 and 9.15 p.m.

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UNDER THE GREENWOOD TREE"

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Booking at Messrs. MEHTA & CO.

UNCLAIMED TELEGRAMS.

"

(Tel. 951),

Chanwungfuk Winglak Street, from Shanghai.

Yawochong, from Shangbai. Yuting, from Shanghai. Ngothaisian 82 Connaught Rd. West, from Tokio.

ir

THE GREAT NORTHERN FILE-

GRAPH COMPANY, LTD. The following Unclaimed Tele- grams are lying here →

Tohychnuno, from Tokio. Lakelet. from Yokohama.

Braddell Hongkong2nd Floor, from Amoy, Roland Hotel, from Y kobama.

Yungchong, from Ősaka. Su moon. from Kobe.

2065, from Shanghai, Yaesangcheong, from Shang-

hai

Onkee, from Amoy. Yukee, from Shanghai. Chowwailim 442 Santinte Street

T. KRING. Superintendent.

Hongkong. Nov. 24, 1921.

Printed and-Published for the Proprietor, by Alfred Morley

11 Ice House Street, in the City of Victoris Hongkong.