1931-04-01 — Page 2

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KOWLOON HOTEL

KOWLOON.

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AND ATTENTION OR

H. J. WHITE.

Phone No. 5e008

THE HONGKONG TELEGRAPH WEDNESDAY, APRIL 1, 1931.

THE FUNNY SIDE-

OF SILVER.

MR. C. CHAMPKIN ADDRESSES ROTARY CLUB.

AMUSING TALK.

?

In spite of being given very short notfee that he was required to speak, Mr. C. Champkin deliver ei, an address that was not only Instructive but also extremely amusing, at the weekly meeting of the Hongkong Rotary Club, which was held in Measrs. Lane Crawford's restaurant yesterday, ander

the Chairmanship of Sir William

The Chat

welcomed the following from the round-the- world liner Franconia: Lieut. Col. W. Macdonald, IP.G. Ran goon Rotary Club, Dr. Willard Flint, Pittsburgh, Rotarians W. Martin, M. Ruvane and G. Fox, all from Parsons Rotary Clab. Kansas, Rotarian

A. Ifelst, Oak Park

Tilinnis,

and Mr. G. S. Cettle, of Ne

New Tork, who attended the luncheon as Mr. Heist's guest.

Non-Rotarians welcomed were Mr. J. Walker, of the Chartered

Let ma say that the last time I had the honour of addressing a Rotary Club I spoke on the Boy Scout Movement," a subject I was ill-qualified to expound, as what I know of it entirely concerned other people's scouting. Similar ly, I had better make it clear at once that what know about cur- roney entirely concerna other people's hoards.

Still, the fact that one has no personal knowledge of a subject a no good, rennon for neglecting to be informative about it. Cer tuin it is that the average man lives somewhat vicariously, in the sense that his interests are very extensively other people's in- terents. It is, in fact, becoming Increasingly difficult to mind one's own business.

-

The Average Man. In so far as the interests of the average man are affected by metallic reserves they are anfire- He ly impersonal in origin seldom sees a gold piece, and what he sees of silver in China i very imperfect view of what silver actually la. He scarcely gives a thought to those mental processes in others that act direct- ly upon the bullion markets of the world, and react, ver indirectly the less sometimes, but nono markedly, upon his own most intimateĒTS.

Bank, and Mr. W. F. Simon of the Hongkong. Trwytheblik. Cable KowLOTEL, “ Hongkong.

RENOWNED BEER NOW ON DRAUGHT. Steel, Coulson's renowned Beer is now on Draught

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DANCING:

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day and Saturday.

On the VERANDAH--

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. JE TEF. Saturdays-12.30 p.m. to. 1 30 pm.

and 8.00 pm to 5.30 pm. Sunday Concerts-0.50 p.m. to 11 p.m. Robert Drescher's Famous Viennese Orchestra Plays During Tiffin and Dinner Every Day.

GRILL:

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M

THE EUROPE HOTEL, Ltd.

Arthur E. Odell Managing Director.

ASSEUR R. SHIMIZU, ASSEUSE S. HONDA, ASSEUSE S. KISAKI,

Recomraded for many уолга

Government Civil Hospital, Peni

all the loca Hospital, etc., and by doctors.

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*The protector of life

In addressing the

ever

Iron do so far removed from Mr. Helst announced that he had the average man as to own a house brought a letter from Rotary on the Peak he will be mildly in- International, Chicago, extending terested to know that the dis-

the beat greetings to the long-covery of a new goldfield in South

kong Club, After thanking them for their hospitality he assured any of them of a welcome in America.

Africa, announced in this morn- ink's paper will almost certainly enhance the value of all those "Buy Views," "Buona Viatas" and other euphoniously named residoneos," that excite our admira- tion and envy in the course of our upland.walks.

Rotarian Ruvane said that the Rotary Iden did not seem so keen In the East as in Ameries because Hongkong was the first time they had been able to meet a Rotary

If he is contemplating retirement Club since leaving Hombay. He after long years of honest toil or urged Ralarinas to get the right | exchange broking, he may, nót un- spirit by attending meetings re-reasonably, be perturbed by the gularly and supporting their own thought that he will have to cut Club.

down his wine bill in his old age if. Ab Sin, of Shanghai, decides, for some incomprehensible reason, to buy gold bars on the Kiukiang Rond. Exchange.

Rotarian Macdonald said that there шля so sceptickm in Kangoon when the Rotary Club was formed there nearly two years) ngo, but the Club had never been in a stronger position than at the present time, and was doing n good deal of work,

Whatever effect this association | of ideas may have upon his mind, he is not likely to derive any con-j solution from the fact that Ah Sin has no use at alt for the gold he buys, and has no intention whatso ever of paying for it. Nor will

"This Silver Business." Addressing the gathering on "This Silver Business," Mr. Champkin said: About sixteen he be deeply moved to learn that by years ago, when I was manager

a very fortuitous circumstance the

of the Mercantile Bank here, a seltor hins no`gold to dispose of, and

gentleman from Canada asked me If I would co-operate with him in this Colony Rotary Club. I told him that it it lagd anything to do with roundabouts, or horses he could count on me, hut that I had no interest in Folk Dancing. Those were the days when Rotary Clubs were in their transferred to Shanghai, and so far as I know the whole thing lapsed.

The gentleman from Canada

WAR

returned to has and

not Canada

do not doubt for one moment that he is still a gentle- man. But when I look upon this assembly I feel a kind of unetuous satisfaction In the reflection that I atand, as it were, in loco parentia to all of you. If it were not mo, would never have dared to talk to you, at literally a few hours' notice, at the urgent request of my friend, Mr. Shields.

It is no less a bold venture on your part than a compliment to me that you should have asked me to address you on this silver busi- ness. I shall try, with some pre- tence at originality, to deal lightly on what is, at best, no very light affair, and owing to the limita- tions imposed upon me by the very brief notice you have given me, I shall necessarily have to deal with it in a

very sketchy manner indeed.

Economists have had a good. den to say about the short- comings of silver, but they have been tactfully silent as to its peculiar diability us a graceful topic of interest after un excel- lent fidia. We are not, however, altogether wasting our time in examining some aspects of it, heenuse we are now finding out that we have a great deal to learn nhout silver, almost as much in fact as we have latterly found t convenient, or expedient, to forget About gold.

SALESMAN SAM

GOSH, WHAT A WOW THIS BILL COLLESTIN', "TRIP_ÚN "TH' COUNTRY TURNED OUT TO BEI ALL TH DOUGH BOYS WEREN'T IN THE

ARMY NO, SIREE!

3

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EASTER EGGS

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Prices defy Competition Order An

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THE SINCERE CO., LTD.

would be vastly amused if he were erhaps we may better put it in called upon to deliver it. A trans-this way, that the comparative action, however,

higher ethics demand any other state of that predicated liftinction, wherens the superlative regarded in Kiukinng Road as a Shang-higher ethics do not,

It is

all rather puzzling but there slightly improper jake.

These considerations, of course,

need for is n

us to bother very are rather, apt to perplex the worthy much about gold at present. A con- citizen who thinks conventionally, siderate Colonial Omes may give and who, very properly, though un-un cause to corrugate our brows profitably, draws a distinction be-over the subject rather sooner than tween the actual huying of gold and we expect, so we may as well con- the theoretical selling of silver. Serve our montal energy and let our

views mature.

ANO,

WHILE GUZZ

ક AWAITING THE RETURN

OF SAM,

HE TURNG

CLERKING

IN THE STORE FOR

A {CHANGE

YOU WILL

WATCH

THEM

GROW

· STURDY

IF YOU

Phone 22130.

When we get to silver we are on surer ground. We know what we are talking about! We are deal- ing with something that we under- stand, because, for so long as we can remember, we have been on a silver basis, except for the times that we have been on a banknote truth We know that the basis. about silver in bar silver, just es we know that the real truth about it is sycee, and the really real truth about it is the tael, that every text- book on currency assures us is not

MORTONS

SCOTCH ROLLED OATS

a coin but a Chinose ounce of silver. Except for the fact that it is net a Chinese ouned, that it is a coin, and that nobody quite knows how manch of it is silver, the description is ae- curate enough, but it calls for amplification.

The Tael,

You will understand that when I refer to the tac! I mean the monetary tnel that dominates the trade of China, and that, in turn, overwhelmingly dependent upon. Continued on Page 12.)

OBTAINABLE FROM ALL PROVISION

MERCHANTS.

Sole Agents:

THE CENTRAL

TRADING COMPANY

"Give your children MORTON Oats

Now We All Knowl

THATS A BRIGHT LITTLE)YES, BUT SHE HASN'T

AS YET TOLD ME WHAT GIRL YOU HAVE,MRS.

WAITE!.

SHE EXPECTS "TO BE

WHEN SHE GROWS UP!

BREAD CHEEP

WE KNERD THE DOUGH

104

GUB PRODS

FOR. GOLD

THE

· Doctors Advice

AND WHAT WILL YOU DO, CYNTHIA, WHEN YOU ARE

AS BIG- ́AS MAMA?

By Small

DIET!