1929-07-16 — Page 8

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THE HONGKONG TELEGRAPH,

GOING FOR A RAMBLE?

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الله

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AVBENDAZZO

SHAMEEN PRINTING PRESS

AGENTS FOR

The

Hongkong Telegraph.

TO WHOM ALL LOCAL ENQUIRIES SHOULD BE ADDRESSED..

CIGARETTES

HIGH

RGINIA

CIGARE

SANITARY EQUIPMENT

OF EVERY DESCRIPTION.

LEE YU KEE

SHOWROOM

40, Queen's RA., C. Tal; G, 1088 PLUMBING WORKSHOP

14. Moon Straat. Tel, C. 4778 CEMENT TILE FACTORY

83. Wakefield Rd.. Tel. C, 1468

BILLIARDS' LEAGUE.

FIRST MATCHES TO COMMERCE TO-NIGHT.

TUESDAY, JULY 16, 1929.

CORRESPONDENCE.

(Continued from Page 7.)

bank notes for "trade" purposes; The Steel Coulson's Billards the value of bank notes emitted in five returned in millions, but what pro- League starts to-night with matches and will be continued until portion of these millions is in the end of September, matches being trade circulation is unknown, nor played twice weekly-on Tuesdaya and is the total ascertainable of the Fridays, The following in the fixture huge num hoarded by the Chinese list:

in South China as a protective measure against the insecure and mercurial paper of their own Banks, and their coin of varying

nd doubtful values:

H. K. Police Res: Buffalo Club

H. K. Palico Craigengewer

v Somersets

1v C. & P. O's. v R. Es

v Garrison Meas.

St. Patricks Club v R. A.

v Craigengower

St. Patricks Club

ין

f

July 10th.

Somerrets

v H. K. Pallee Rea:

C, & P, O' K. Ea.

v Buffalo Club

y H. K. Police

Garrison Mess. R. A.

July 23rd.

C. & P. O Somervela R. Es. Garrison Meas R. A.

Chaly H. K, Police Res:

y Buffalo Club

v K. O. S. B.

St. Patricks Club

H. K. Police

*July 26th,

H. K. Pollec Res:

Buffalo Club

K. O. 5. B.

St. Patricks Club

H. K. Police

v C. & P. O's Club v Somersets

v I. Es.

tiarrison Mess

v R. A.

July 30th.

H. K. Police Ren:

Buffalo Club H. K. Police Crnigongower

St. Patricks Club

1

K. O S. B. R. A.

Somersets

v K.,0. S. B.

R. A.

y Somersets

C. & P. O's

y R. Es.

Aug. 2nd,

AMERICAN STOCKS.

CABLED QUOTATIONS FROM NEW YORK.

The following quotations as at the close of the market on Monday have been received from their corres; pondenta, Mears. Hayden, Stone and Co., of New York, by Messrs. Swan, Culbertson and Fritz, Samnoon House, Shanghai, (cablo address "Swan stock," Shanghai), who are not res. ponsible for the cable, mutilations. The quotations are subject to con- firmation:

Provious Latest

This is a wonderful tribute to the note-issuing institutions of Hongkong, but they are possibly | Anaconda Copper not performing fully the servies Bethlehem Steel intended by the Ordinances au- thorising their respective note is suca in that an important percen General Motor (Com- tage of such notes (larger thin

mon) most people think) is being utilis-General Rly Signal ed to a purpose foreign to facili- Goodyear Tire and Rub tation of trade by its permanent

ber

withdrawal into the Chinese equi- Granby, vilent of the French stocking.

Price. Prico.

114 111

118

110

Baltimore and Ohio... 131 Chrysler Corp. (Com-

184

mon)

72

70

71

110

110

Gonsolidated

peasant's

Copper International (Common)

78

Cement

80

and Myers "B" 01

00

mon

101

43

80

67

30

148

.109

ung,

120

25

notes has kept Hongkong evireney over silver parity, and a position. in Laela, originally contracted for Trade requirements which did not eventuate and since carried on speculatively, has intensified the ditieulty by keeping up or even in- creaning the premium for bank noles, a natural and Hormad enn- Clubquence of weakness in the ster- Hug rate in Shanghai vis-a-vis a relatively unmovable rate in Hong- kong.

This unexpected use of bank-uri Pacific (Com-

1. K. Police Res. vBufalo Cimb

1. K. Police

In other words, the premium of Hongkong notes is primarily dre to the, demand therefor exceeding the supply, and in a secondary Clubmanner to the speculation in taels.

C. & P. O's Club v Craigengower R. Es.

y ML. Patricks

K. 6. S, B. R. A. R. E.

Aug. 6th

Buffalo Club

y Garrison Mess v Craigengower C. & P. O's Cluby St. Patricks Club H. Police Res; v H. K. Palice

Aug.. 9th.

Bufalo Club Garrison Mess. Craigengewer St. Patricks Club) 31. K. Police

Garrison Mess Craigengower Somersets R. A.

R. Es.

K. 6. S. D.

1. K. Police

v K. O, S. B.

R. A.

v R. Es. Y C. & P. O's v II. K. Police Aug. 13th.

There are undoubtedly other causes, but whatever they may be. the fact remains that a departure of a currency from its parity, Whether a rise or fit from its basis of value, cannot react other, wise than detrimentally to trade.

The question is full of intrícn- cies, and a satisfactory solution even more so, but a remedy might be found in an increase in the in-s Club

sue of hank notes, and placing a Res:cur in the speculation in taula. The latter might be reached with-

v K. O, S, B. v H. K. Police v St. Patricks Clus v C. & P. O's Club H. R. Police Res:

Aug. 16th.

*

St. Patricks Club

Y Garrison Mess v Crnigengawer

y Somerzets

C. & P. O'N Club v R. A.

H. K. Police Rest

Buffalo Club

B. K. Pulice

R. A.

v R. Es.

Aug, 2011.

If, K. Police Reg:

C. & P. O's Bub

Garrison Moss

K. O. S, B.

R. E's.

Craigengawer

Somersets.

Suunersets Craigengewer

y Garrison Mess y R. O. S. B.

v K. EH.

y Craigengower

v Somersets

Aug. 23rd.

Y Buffalo Club

v I. K. Police: VI. A.

1.K. Police Res;

1

t great difliculty by agreement between the Banks themselves hút, for obvious reasons, it cannot Be effective unless accompanied by menstives to meet the trade re- quirements of Hongkong in res- pect of banknotes.

Neither will an increase by it- self in the issue of Bank notes remedy the situation unless ac- companied by a certainty of con- timed unrestricted import and expart of silver dollars to correct the vagaries of the thel, and the free circulation and acceptance of dollars, and in this the Govern meht might assist by withdrawing its discouragement to payments to the Treasury in the Colony's legal tender.

. An increase in notes acconi- panied by free circulation of dol- lars Interchangeable into notes

Novada

Copper

*jdk8 3 2 2 2 282 § Es

Consolidated

Radio Corporation of

America (Common) 78 Standard On Co. of

New Jersey...

Standard Oil Ca, of

New York. Southern Pacife. Texas Corporation

United States Steel · Vacuum Oil Willy Overland

EXPERIENCE

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MEN'S WEAR STYLISTS.

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every woman asks the first time she sees the

New Silent Kelvinator

SILENT is the new 1929 Kallaster that even when

standing close by. you consol detect whether the mechanism is running.

Scores of women who have inspected the now unit are dallghted with its smooth, silent performance.

THE

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V C. & P. O's. Club and general observation of the Agents-REISS, MASSEY & Co., Ltd.

Aug. 27th,

H. K. Police Rea: Buffalo Clubs Garrison Mess

R: E's

K. O. S. B. I. A.

v R. E's.

Y K. O. S.B. v R. A.

St. Patricks Clu v C. & P. O's Club Aug. 3018.

St. Patricks Club

C, & P. (P's Club)

II. K. Police: 11. A.

v Somerset

v Craigengower

H.K. Police Res;

v Buffalo Club

v. Garrison Menn.

Sept. 3rd,

vBuffalo Club Y Somersets C. & P. O's Club v K. O. S. B. St. Patricks Club v Craigengower H. K. Police

Garrison Mess

Sept. 6th.

Buffulo Club

Somersets

K. O, S, B. Craigongower Garrison Mess

fact that silver dollars are legal fender in this Colony would ap pear to be effective almist at once in bringing down the Hongkong paper dollar to its true value.

It is desirable to retain bank- notes, and its temporary increase might be facilitated to the issuing Banks by the grant of less, onerous conditions for an excess of the present amount, subject to fradual reduction to a figure prov. ed by experience to be sufficient for the Calory's requirements,

IL

This is by no means nu, exhaus- tive review of the situation, but sufficient facts have been exposed to warrant an examination of the problem by the Government. Per-

haps one of our unoflein! members of the Council will, tako the matte!! v H.K. Police Res, in hand and move for n Commission to explore the matter in all its na- puets, or preferably a currency ex-

v R. A.

C. & P. O'

v St. Patricks Chisport might be engaged to report v JI. K. Police

Hept. 10th.

H.K. Police Res; v St. Patricks Club

v Craigengewer

1. K. Police

Somersets

Buffalo Club Garrison Mess

K. O. S. B.

51: Patricka Craigengower

H. K. Police

R. E'

R. A.

v R. E'

v R. A.

Sept. 13th.

v HK. Police Res; v Somersets

Buffalo Clubs

v Garrison Mens

▾ K. O. 5. B.

Sept. 17th.

C. & P. O's Club Someruots

Buffalo Club

II. K. Police

ار

v R. E's

K O. 9. B. Craigengower

St. Patricks Club

1.K. Police Res: v Garrison Mens

R. E'

K. O, S. B. Craigengower

Sept. 20th.

:

St. Patricks Club

Garrison Mess

B. E' Craigengower Somersets

v C. & P. On Club

v Somerzets

y Buffalo Club

v H. K. Police

v II.K. Police Res:

Bept. 24th.

v Buffalo Club YR, A.

v Garrison Mess C. & P. O's Club v H. X. Police St. Patricks Club v K. O, S S. B..

Sept. 27th.

Buffalo Club I. A. Garrison Mess H. . Polico K. O, S. 1.

·

y R. E's

v Craigengower

v Somersets

: C, & P. O's Club

v St. Patricks Club

thereon.

Years ago a situation detriment- al to the interest of the Colony in reference to small coins was correct- ed by the action of the Government, and it now lies again with the Gov- ernment to take such steps as may, be necessary to remove the handi eap which now exists to the trade of Hongkong-Yours, etc.,

OBSERVER. Hongkong, July 18th, 1929.

PRINCESS AND DUKE IN CAR THRILL.

LITTLE SCHREAM WHEN SMASH SEEMED IMMINENT.

London, June 19. "Londen provided an unpleasant surprise yesterday for Princess Ingrid of Sweden.

With her grandfather, the Duke of Connaught, she was being dri-, ven from Clarence House through Ambassador's Court, St. James's. The exit from the court is under Burrow archway. As the Royal car was coming out another cur was going in,

Princess Ingrid uttered a little ahrlek and clutched the side of the car as, though expecting a however, shock. The two cars, drew up without touching.

EXCHANGE BUILDING................ Tel. 0. 673..

Now Being Exhibited at-

WHITEAWAY, LAIDLAW & CO., LTD.

FURNISHING DEPARTMENT.

AND AT

THE HONGKONG ELECTRIC CO.

GRAND

TINS

SHOWROOM.

CORONAS

TINS

of

of

50

50

22

Des Voeux

Road C.

Yours Truly

'Phone Central

1856