1922-09-14 — Page 7

BERLIN'S VIEW OF COL- LAPSE IN MARK.

Financial Circles Dread a

Recovery in Valce,

Berlin, July 30.-Financial at- tention was divided at the week- en between the rise of the Reichsbank discount rate to per cent, the highest since 1914. and the collapse of the mark to much the lowest price on record. The higher bank rate reflects the increiung money tension in the German market, but the fall of the mark at New York on Fri day and Saturday was regarded

as indicating waning confidence

THE HONGKONG TELEGRAPH.

INNOVATION IN CHINA'S UNPAID - PEKING POLICE.

PRESS.

English Sections and

Ladies' Page.

Memorandum to the Government.

Peking, Sept. 4..

In view of the importance at-

The Chung Hua-Times, Chinese daily newspaper established in taching to the financial position 1915, which bad to its credit the of the Central Govsrament during first rigorous attack on the mon: the next few months, which is archial scheme planned by Yuan likely to have a strong bearing on Shib-kai, has just installed two the peace and order of Paking no trade prospects innovations that mark a cow less than on chapter in Chinese journalism, generally, the following trans- says the Shanghai Beening News, ation of a memorandum to the With the current issue the Government from the Chiefs of chung !!2u Times publishes the Metropolitan Police and

腐

Woman's saction

.and

Gendarmerie, dated August 26, is of interest:

in an agreement on reparations.an English section, both In financial circles sentiment of

“So long as the political situa which are unprecedentedi was as optimistic last week in Chinese journalism. The Weion in Chios remains unsettled regarding the prospect of a man's section is edited by so long most the finances he satisfactory settlement of the Chinese woman, which marks increasingly difficult to handle. f programme of payment.

Berlin bankers who bave watch ed similar crises of the kind in the past are now predicting that, after the first and not unsalutary panic induced by the crash in the

In the first issue, in announcing mark and when apprehensions the inauguration of an English of the complete economic collapse

another epochal step, and the English section is edited by Atr. Francis Zis, a brilliant Chinese journalist equally well versed in English.

|This condition has caused the Various departments of the Can.

al Government to remain with-i out their official salaries for more thao ten months, although they send in repeated and almost Idaily requests.

*For the maintenance of order

action the newspaper makes them Peking all are dependent upon of Germany bave again prored following Appeal To English.

Police the Metropolitan

and to be unfounded, bth the Allies Speaking Chinese":

Gendarmerie, but if the wAYD and Germany will again pursue

FLEA FOR MORE ENGLISH. the same dilatory policy as fast!

that is passing over the coun- coatenting Winter, probably

"Chias became a republic in try of asking for pay" by 1911. What did the people direct action should extend to themselves with half measures. The possibility of a foreign loss expect from the change then these local guardians of the peace is still discussed, but the marker What did the world at that time the situation will become danger- is in complete contusion as to expect of Chins under ber new cus. The total pay of the threa what its amount and terms would five barred flag? We could not forces-gendarmerie, Puchon (in- be. Estimates run anywhere from ask these questions without a fantry patrols) and police-is During $500,000,000 to $5,000,000,000, feeling of poignant grief as we abous $500,000 a month. Regarding the interest rate which call to mind a number of abnormal the course of the present year would probably be charged, banker conditions which should have no only three months pay has been | received in all, though, various sree that, in view of the vital place in & Republic.

For example, the Tuchuas sums bave been advanced to the necessity for, such a loan, Ger.

and Super-Tuchuas4. instead men by their Chiefs. The coa. many should willingly pay a

of looking after their owo tinued maintenance of order in very high rate.

duties in the strictly mili-Peking is thus in jeopardy, and EFFECT OF A MORATORIUM ON

tary sense. Bra interfering these troops should be paid with- 'EXCHANGE.

political move Even if a moratorium should in every

offout turther delay.” be granted. it is still not belissed significance. They seize govern- that any large and sustained mental revenue at their pleasure: recovery in tark exchange would for the maintenance of their CHIHLI LEADERS SEEKING follow. Probably the first news army which they well know is of such an arrangement would beyond the budget of the Central cause speculative baying of the Government.

Then in Peking we have a mark by foreigners, but the Reichsbank, according to its government which merely func settled policy, would then coun- tions in name and which can ter by purchasing foreign bills, bardis command obedience out- The reason for this expectation side P-king.

the mark's value.

work, it has

креп

TO BORROW.

Rumoured Loan from the Kailan Mining Administration,

The Kung Pao, reports that as the state of affairs between the Fengtien and Chibli factions is Parliament has daily growing from bad to worse, is that the well-known official indeed been reconvened in Pek- both Chang Teo-lin and Wa Pei-tn purpose at the present moment is ing. Bu: instead of beginning are atrendously mobilizing their stabilization, not enhancement, of gamme of constructive respective troops and makingwa: more than enough like preparations and that a da to settle di+1 If a large loan were to le com-to

certain influential politician and bined with a moratorium on putes among its own members Soancial authority, belonging All these things are abnormal and reparation payments. # great

to the Chibli faction, are now in recovery in the mark might con-it is up to the people to restore course of negotiations with the ceivably follow, but without a formal conditions. But the duties Kailan Mining Administration loan of great magnitude such recovery would be prevented by the continuing heavily adverse balance of trade. RECOVERY IN MARK DREADED. Furthermore, while on the one hand business circles dread a large recovery in the mark as certain to cause stagnation in trade and unemployment, the "Through the interchange of between nations Finance Ministry also dreads it commodities because it would probably result men's needs are no longer con in a decline in the revenue, which fined to goods manufactured lo has thus far adapted itself unex- cally as was the case in medieval pectedly well to the depreciation times. On account of changed of the currency. The Govern conditions in our political, social ment's fear of the consequences and economic lives, we are ob- of a rise in the mark is sustained liged to take advantage of the by the current revenue figures numerous gifts of scientific dis for the period of extreme depre- covers whereby nature's immes. are husbanded clation. Whereas the budget for surable powere 1922 estimated all tax receipts at and released for meeting the 108,000,000,000 marks, an average requirements of modern times of 9,000,000,000 monthly, the a actual receipts in April were 13,000,000,000, in May 17,000,000,

of national reconstruction

are for a $5.000.000 loan, on the shares particularly hears

the of the Chingching coat mines of shoulders of English-speaking Chibli, with the object of raising Chinese, and this for three pri military funds for the Chihli cipal reasons. On account of the

troops.-E.N.A. reat strides of progress which! have been made in the civilsation of mankind, human wants have constantly increased.

account of the leadership which the Anglo-Saxon race has played and is destined to play in

000, and in June 18,000,000,000. time to come in bringing about

At the Juse rate, the revenue

ideal conditions of world demo-

of 1922 would exceed 200,000,000 cracy, Chica should contribute a 000 marks, which would be

big share to the world-uplifting Learly twice the budget estimate. Programme of Anglo-American- Moreover, a much larger revenue Chinese friendship and co-opera- seems to be assured by the sub-tion.

the

stantial increase in the coal tax "Thus from the viewpoint of and the sales tax both of which international trade. from are assessed on the basis of prices standpoint of the scientific de and by the gold supplement" cnvelopment of the country, and customs duties, which next week with the noble sim of furthering will be 11,400 per cant. o: 115 the spirit of world brotherhood, times the nominal duty.

English is indispensable, because it is the universal commercial | tongue, because the volume of BROADCAST WIRELESS. scientific literature in English is Replying to a series of ques-tremendous and because English tions on the subject of wireless is the mother tongue of Britons' broadcasting the Postmaster-and Americans who actually lead General, in a written, Parlia. in world affairs. How endloss i mentary answer, said no licences then are the opportunities of had, as yet been issued to English-speaking Chinese who established broadcasting stations, thirst to da constructive work!' but he anderstood that the prin.{ cipal manufacturers of wireless apparatus would combine to join

& compray, or companies, to

provide broadcasting services. The companies would be reapon-

WITHOUT PREJUDICE.

sible for providing the necessary Wife at Marylebone County capital and maintaining efficient] Court-When my husband gives services. The revenue required me any housekeeping money I for providing the services would call it an event.

be derived partly from a contribu- "My landlord will not aliów tion by the manufacturers to the children or any other extras."- company upon each set sold by A Willesden woman.

them and partly by a proportion When a woman's quarrelling: of the annual licence fee which disposition was complained of in he proposed should be paid to the the Bow County Court she re- companies financing the services. marked, "Surely a wife is entitl- So far no firm was willing to erected to say what she thinks of her tations and provide the services husband-owever unpleasant it without guarantee or payment.

may be,"

THURSDAY

TERA

DAIRY FARM NEWS.J.T. SHAW

Fresh.

MILK. Sterilized.

Skimmed

Soured

CREAM.

Buttar.

Shamroch Brand.

Full rich. BUTTER.

Daisy Brand.

Dairy Maid Brand. CHEESE.

Australian Cheddar

American Stilton

Kraft Pasteurized

Coulommier

Edam

Picnic.

...70 per lb. ....10

++

Canadian Salmon

Potatoes

THE DAIRY FARM, ICE & COLD STORAGE CO., LTD.

"PHILIPS"

APHILIPS LAMP

IS A PERMANENT!

ECONOMY

SOLE AGENTS

Holland-China Trading Co

Hong Kong

AN AUSTRIAS "AXE" exclusion of public opinion. The The Austrian Economies Com-popularity of the new institution; mission has made proposals to and the general interest of com- cattail the States expenditure by mercial circles is all the more 300 milliard kronen unually. In important es after the first sub view of the fact that the circula-scription of capital of sixty million tion of paper money has reached Swiss francs, guaranteed by the 70 milliards the opening of a banks, & further forty million new note bank, called the Aus- francs will be offered to the trian National Bank, intended for public for subscription. August 15, relieves the situation somewhat, although in Some quarters it is severely criticised on the ground that its statures were worked out with the entire

SKIM

MILK

"WHAT IS IT?

You take no risk when you buy -

A MOUTRIE PIANO.

Guaranteed for revei prace, MOUTRIE'S, Chater Road.

It is milk from which most of the fat (cream) has been removed. Is it nourishing? Is it healthful?

IT IS BOTH!

We feed our calves on Skim Milk. You will never starve drink- ing Skim Milk. It contains all the nourishing elements - the casein, etc., which ordinary milk contains (less the fats only), and is far more easily digested than whole milk because it is not rich in fats. Skim Milk is a low-priced milk, specially suitable for making Puddings and thickening Soups. It also has many other uses.

TRY IT!

You will soon be ordering it by the gallon.

A plentiful supply always on hand. Skim Milk is loaded with the now famous VITAMINES. Regular milk drinkers seldom suffer from diseases due to lack of Vitamines.

Milk for the kiddies is a builder of bone and muscle. Be on the safe side and let them drink Skim Milk instead of water.

PRICE 5 CENTS

PER BOTTLE.

(Reduced from 8 vents).

THE DAIRY FARM ICE & COLD

STORAGE CO., LTD.

CLOSING UP SALE

-WILL COMMENCE- -FRIDAY 1st SEPT.

DRASTIC REDUCTIONS WILL BE MADE TO CLEAR. THE BEST BARGAINS HAVE BEEN KEPT TO THE LAST,

SO DON'T MISS THEM.

NEXT DOOR hongkong hotEL

Powell

Tel. Central 3146

Ltd

DO YOU PLAY GOLF?

If you do, you should see the selec tion of GOLF HOSE we have received this weak. This comprises the very latest and smartest goods procurable, with and without fancy tops. The prices range from $3.75 to $10.75.

IT COSTS YOU NOTHING

for an inspection and we shall be pleased to show

them to you. · ·

Wm. POWELL, LTD.

10, Ice House St.

CAPE WINES

FROM J. SEDGWICK & Co., Ltd., CAPE TOWN

Claret

Drakenstein (Hook Style) Sauvignon Blanc

Old Chateau Brandy Santhagen Brandy

CALDBECK, MACGREGOR & CO., LTD.

l's Jrona's Rund Gestrah.

(Telephono Central Ku, 783)

A sure cure for Prickly Heat and other skin irritation caused by the hot weather.

OUR PRICKLY HEAT LOTION & POWDER

50 cents and $1,00 Obtainable only at THE

THE COLONIAL DISPENSARY

Tel. Ceul No. 1977, 14, Queen's Rood, Central. Tel. Cent, No. 1877;

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THINK OF

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MANUFACTURERS

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