1930-01-13 — Page 2

HUMOROUS RECORD

SUCCESSES

Columbia

RECORDS

HUMOROUS SKETCH. 9829—"THE 'OLE IN THE ROAD"

BY

0. GRAVES (THE MAN IN THE HOLE) AND M. CLIFTON (THE DUDE)

The Anderson Music Co., Ltd.

THE HONGKONG TELEGRAPH, MONDAY, JANUARY 13, 1930.

CORRESPONDENCE.

Fall of the Dollar.

[To The Editor of Hongkong Telegraph.].

Sir, I should not Lave thought it possible that so many editorial and interviews with, anonymou "authorities" could have exhibited such a complete lack of comprehen- sion of fundamental facts as has come to light on this subject:""

DODWELL & CO., LTD.

Sale Agents for

BELL'S

Asbestos Marine Packings. Asbestos Products, Asbestos Decolite Flooring. Asbestos Cement Sheeting.

Rubber Flooring. Rigid Rubber Tiles.

Wm. M. B. BRIGGS & SON, LTD. Bituminous Specialities.

W. B. DICKS.

Marine Oils,

THE PARAFFINE COMPANIES, LTD. Ru-ber-old Patent Roofing & S.P.C. Paints.

WOODITE CO., LTD.

Woodite Tubes.

H

Pump Rings, Sheets.

Washers, Valves, etc.

CHILDREN'S PARTY.

TREAT FOR SUNDAY SCHOO

MEMBERS.

Од

Happiness reigned at the Union Church Sunday School. ""room Saturday afternoon, when the members of the Sunday School wore. entertained, to a New Year's party by the teachers and others. It was also intended that the function should serve as a farewell party to the scholars who will shortly be leaving the Colony, and as several affair parents were present, the proved a great success from all points of view..

One authority, who granted a long interview, implied that if the Hongkong dollar had been fixed at about 2/-, we should, by our geographic position, have had a sentimental effect on Shanghai and prevented the drop in allver. It is hardly necessary to dwell upon the absurdity of such a view. Most of the commentators seem obsesaod with the idea that if it were not for some imaginary conspiracy, we in Hongkong would really be basic ing in prosperity, with a 2/- dollar, and surveying with aloofness the fate of China's silver currency. One of their complaints is that the banks should never have put us back on a silver basis,

リ

The school hall was' decorated. with gay lighting effects by Trivate Barber, R.A.M.C., and after a series of games, tea was enjoyed, during which musical selections were rendered by a band composed of Cpl. Buggie, IL.A.M.C., Private Barber and L/C. Lorkins, R.A.S.C. The chief attraction, however, was the Jack-in-the-box, cleverly per- sonified by Pte. Barber, who caused much ⚫ amusement among the children as he presented each with a small gift. A bran fub proved another remunerative "Investment," and helped to make the treat one of the most successful entertain- ments in the history of the school:

Their arguments and comments overlook the fact that this Colony has always been on a silver basis. The success of the function was Our Hongkong dollar. la a silver duc in no small measure to the dollar, and our banknotes promise excellent organisation and supervi to pay only silver dollars. Yet asion of Mr. Jack Spooner, who lot of energy is expended in argu-Jenjoyed the ready and helpful co- ing about the benefits of being on operation of Messrs. H. J. Evans a "note basis". What is meant by and E. Himsworth. The catering this? What backing is suggested was carried out with characteristic for these notes.

efficiency by Mr. H. J. Burnett.

Every reliable currency, is back- ed either by gold or silver. Qura in based on silver, and we cannot blink our eyes to the fact. Any at- tempt to evade this and maintain our dollar at an artificial lovel can only bring into play an additional element of uncertainty to hamper our trade still more. It is bad enough to contend with the vagaries of silver, without introd- ucing a further speculative factor in having a fluctuating premium on notes which bears no relation to their silver backing.

COAL CONFERENCES.

·

BRITAIN AND POLAND IN AGREEMENT.

London, Jan. 11.

fair

After a two days' conference in the representa- London between tives of the Polish Conl-owners' Ansociation, and the Central Col- lieries Commercial "Association, an agreement was renched last night, Hongkong has very little in-

and the heads of the ngreciment fluence on the price of silver, and were signed for measures to prevent was powerless to prevent the re-competition and to secure a cent slump. The slump is serious, and reasonable level of prices for and Hongkong and Shanghal areal exports to Senndinavian and equally hard hit by it. We are all Baltic ports-British Wireless Ser- grumbling, but whereas the Shang- hat people recognise that the fall is due solely to ecconomic causes, the 80

MAINTENANCE & CONTRACTING DEPT.Hongkong sufferers who have

Queen's Building.

Tel. C. 4143 & 1030.

Ground Floor.

MAKE THE WILL TO SAVE THE DEED BY EFFECTING LIFE INSURANCE

How many mon, having decided to save say £100 a year for 20 years, die after having accumulated only £200 or £300 Y

By investing the £100 a year'in Life Insurance the will would have been taken as the dood and at death the

Lvings would have been anticipatod.

CHINA UNDERWRITERS, Ltd. LIFE ASSURANCE DEPARTMENT. Hongkong Bank Building, Fa Den-Voeux Road Central. Tel. C. 1122,

CORNS

Amazing scientific discovery ends coma. One drop sets to deaden pain in 3 short seconds. Then corn dries up and peels off easily. Doctors find it miraculous. Beware of imitations—for sale every- where.

"GETS-IT-

Chicago, U. B. A

th

far given vent to their feelings in the Press, seem bent upon finding a scapegoat. In the course of so doing a great deal of nonsense has been published. Elaborate argu- ments have been built up on false premises, not only by writers, who admit that they are only speaking laymen, but by "experts" who do not appear to have acquired much grasp of the realities of the situa- tion.

11

nice.

Geneva, Jan. 1).

The cont conference, sitting here and consisting of representabiyen "of in pincipal Purppena enal pro thucing countrion; as decided on important point submitted by the International Labour Office.

This is to the effect that a miner's shift_start, from the moment of en tering the cago and ends "with his exit from the same. The new rule will also apply in cases where miners enter and leave a mine by weans of gallerion.-Peuteri,

R. A. M. C. MAN SUCCUMBS.

DEATH FROM CEREBRO SPINAL FEVER

NEON

The Cold Light "

THE MOST EFFECTIVE ILLUMINATION IN THE WORLD.

SIGNS SOLD ON

The death is announced of Pte.

Some argue us if we have only been on a silver. Unals for the past three months, others demand a gold |· ́ basis with the dollar fixed at 1/9, 1/10 or 2/-, under the delusion that this will give us an immense ad- vantage over Shanghal in our trade dealings with Chinn, Can it be be- lieved that if we were miraculous- ly to transform our system into a gold mats at this very moment, Williams, 27th Company, R.A.M. with the dollar, say, at 1/10, our C., who died at the Military Hos- trade with South China would be on any better fosting than it pital, "Bowen Road, from cerebro actually is? Would the main- spinal fever on Saturday. land, with its depreciated silver Pie, William was buried with currency, he in any better position full military honours at Happy to buy goods from us? Obviously Valley Cemetery on the same day, it would not. Great Britain with | A firing party was in attendance, its gold basis cannot sell its goods and the cortege was preceded by to Chinn at the moment; is it rea- the band of the 2nd K.O.S,B.. Honable to suppose that Hongkong The dead soldier was extremely with a gold basis would be in any popular amongst his comrades, better case? Crities are apt to and his death came as a great forget that Hongkong la practical-shock to the men of the garrison. ly a depot, and for trade purposes, He only recently arrived in the | we and South China are as one entity.

Colony, having been transferred from Shanghai in November last.

I do not wish these remarks to be construed as "an attempt to justify a low dollar," or as showing

no sympathy with the wage-earner, at no time have the banks been whose purchasing power has been under an obligation to pay other reduced by the drop in exchange than allver against their notes, and (most of us are "in the same boat" that all suggestions as to our dollar in that respect). This is outside being maintained at 2/-, or 1/10, the province of my argument, when it is worth but 1/6, are not which is that we must face the fact only foolfah"but futile. that we are on a silver basis, that,

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WELL FER GOSH SAKES | LOOKIT

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And Look Where the Bear Got It

HEY, SAM, TAKE A LOOK AT THE FUR VA OH,WELL-SO)

BROUGHT IN – ALL FULLA HOLES-LOOKS DID "THE UKE, WE GOT IT. IN THE NECKLE ESKIMO

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REFRIGERATORS