1931-05-27 — Page 11

COATES' ORIGINAL

PLYMOUTH GIN

IS THE BEST DRY GIN FOR COCKTAILS

Sole Agents:

CALDBECK MACGREGOR & CO., LTD.

(lucorporated under the Companies'. Ordiunners of Hongkong!.

SHANGHAI, HONG KONG, (TIENTBIN.

Prince's Bullding.

M

MESSAGERIES

Telephone 20075.

M

MARITIMES

FRENCH MAIL STEAMERS.

Sailinga from Hongkong.

fo MARSEILLES via Saigon,

Singapore, Colambe, Djibouti

(Aden) Suer, Port-Said.

PORTHOS.....

CHENONCEAUX.

ATHOS FI

9th June

23rd Jung

7th July.

D'ARTAON AN......

21st July.

ANDRE LSBON.....

4th Aug

FELIX ROUSSE, 18th Aug.

G. METZINOER... SPHINX..

1st Supt.

15th Sopt.

To YOKOHAMA via Shanghai

8 Lobe

www.

ATHOS II....... 9th June. D'ARTAGNAN........ 23rd June.

ANDRE LEBON .. 7th July. FELIX ROUSSEL

21st July, 4th Aug. 18th Aug. PORTHOS

1st Sept. CHENONCEAUX.; 15th Søpt,

G. METZINGER..

SPHINX.

We can issue through tickets to Egypt, Syrian ports, East Africa, Madagascar by transhiprasat on our mail steamers at Port-Said or Djibouti.

COMMERCIAL LINE.

From: DUNKIRK Hamburg, Rotterdam, (Antwerp) : For full Particulara, apply to:~.

Telephones: 2885).

Cie. den MESSAGERIES MARITIME),

3, Queen's Building.

LLOYD TRIESTINO

FORTNIGHTLY PASSENGERS AND FREIGHT SERVICE FOR

BRINDISI, VENICE & TRIESTE

vis Singapore, Colombo, Bombay, Aden, Suez, & Port Said

ting Cargo on through Bill of Lading to Fiume, Denos, All Italian,

Adriatic, Lavant, Black Sea and Danube Ports Passengers to LONDON (Overland)

NEXT SAILINGS FROM HONGKONG

S.S. MONCALIERI

*8.9. GANGE

S.S. CARIGNANO

8.S. VENEZIA.

1*6.8.

PILSNA

:"5.8. TEVERE

¡Outward voyage to Shanghai only.

For

Shanghai

& Japan

For

Singapore

& Italy

4th June.

27th May. 17th June. lat Juno. 5th July, 29th June. 2nd Aug. 30th Juno. 12th July. 28th July. 9th Aug.

*Pasonger vornels with first, 2nd, and 2nd Economic Classes, Attention la called to the a,8. «GANGE!' which will make the journey Hongkong/Italy in 24 days, thus affording London passengers to arrive at destination in 26 days. For Freight and Passages apply to:-

Queen's Building,

Tel. 0. 98021,

DODWELL & 00., LTD,, Agente,

SERVICE OF FAST MOTOR VESSELS

(with Limited, but exceptionally good, passenger socommodation). Homowards to:

Ports Said, Genoa, Algiers, Oran, Rotterdam Amsterdam), Hamburg. Oslo, Gothenburg and other Scandinavian Ports,

Manila and Straits Sottlomonte.

via

THE

HONGKONG TELEGRAPH, WEDNESDAY, MAY 27, 1931.

"THESE MONEY

THEORIES.”“”

(Continued from Papel2-) blems the Guernsey Meat Market Heems to have been exempt from that servitude to Capital in which the whole creation groaneth. By the simple expedient of paying for the work in Government noles, oventually redeemed out of the carket revenues, all tribute to the capitalist was avoided. In face of this successful experiment, the fact that we, in England. continue

raise loans and subject our selves to dragging a lengthening chain of interest seems 90 per plexingly foolish s to be in explicable."

Well, that's all right so far as it goes. It bears but all that we know about the casential absurd ty of Interest. It shows quite clearly that Lord Passfield is

M

feld

of affairs untrammelled trition, but, as if to prove that he has not irrevocably cut him self off from the old

Hang of of "If prices in Guernsey theorists," Lord Pass nac, even by one-halfpenny In the shilling.-if eggs, for instance, sold twenty-four for a shilling Instead of twenty-five- this re presented a burden on the Guerns soy consumiera exactly analogous to a tax of four per cent, on their eug purchasPR. Instead of paying interest on a lean they unwitting ly chose to pay more for their

You

·BERVICES CONTRACTUELS DES MESSAGERIES MARITIMES.

The Steamship,

that it doesn't want unicas, of CONSIGNEES' NOTICE. course, it strikes a tangent from the normal and works on, the peculiar lines followed by Emania, Real Wealth.

No nation, merely by accumu- lating atocks of gold, can add to its income.

"CHENONCEAUX" It any add to ite! Arrived Hongkong on Monday, political safety by filling a war

the 11th May, 1931. chost, but it does not add to its

From MARSEILLES dc. true national wealth. Real wealth

Consignees of Cargo by the above is not money, but money's worth.amed steamer are hereby informed The balance that matters is not of Oplum, Treasure and Valuables that their goods with the exception of exporta over imports but of are being landed and placed at their

production over consumption.

This no modern discovery Kowloon Wharf and Godown Co. Ltd.,

Locke, writing in 1001 puts it in this way-"He that would make the lighter scale on a balance pre-: ponderate to the heavier will not. so easily do it by adding new gold to the lighter as by taking old gold from the heavier and using it to supplement the lighter. for then half the quantity will do it. Wealth does nut consist in having more gold, but by having enough to procure for ourselves a greater plenty of the conveniences of life than comes within the reach of our neighbours. If the quantity of gold in the world became twice much as it is and our share of it was doubled we should, not be ne jot the richer. The true value of money is found when phases from one to ther in lying and selling."

Capital Levy.

IM

་

only an-

risk in the Godowns of the Hongkong Kowloon, whoneo delivery can be obtained as the goods are landed.

Goods not cleared within 7 days including dato of arrival, will bo subject to rent.

All claims must be sent to tho undersigned before the Thursday, the 4th June, 1981, or they will not be recognized

Damaged Packages must be left in the Godowns for examination by the consignees, and the Company's Surveyors

Menses:-Goddard Douglas at 10.00 a.m. on Monday,

the 1st June, 1931.

and

No claims will be admitted after the goods have left the Godowns,

No Fire Insurance will be effected by us any case whatever.

R. ONL

Agant

Hongkong, 26th May, 1991.

WHITSUN HOLIDAY.

CONGESTION AT CERTAIN And now, gentlemen. I have no time to do more than make a brier

POPULAR ATTRACTIONS. reference to a popular misconcep-

London, May 26. tion of that very able and states. Brilliant sunshine in southern

like measure known as Capital Levy. it

the England Tavoured holiday-makers is intimatoly yesterday, and the resorts at the blems and has concerned with all our

prosoaside and in the country were most of the leading economista of

the approval of crowded.

The beauty spots in the neigh- our time for it is, after all, a bourhood of London have pro- very modern conception, arising bably never proved so popular. out of the appalling state of our It is estimated that 350,000 peo-

of interest, roughly about a mil-the day. Nearly finances and the fantastic amount ple visited Hampton Court during

8,000 passed on pounds a day, that we have to pay on War Debts alone,

will particularly notier, gentlemer, how persistently in Lereal and eggs are identified with economic problems. If I have dealt with this case at length it is because think it is not un- rensanable to assume that the T ultimate solution of our own cur- rener difculties many conceivably be found in the total abolition of interest in this Colony and the establishment in Hongkong, not of a stable gold standard, but of a fluctuating egy standard.

through the gates of the London "Zoo," and about the same num- It is most unfortunate that er åttended the Crystal Palace. Important an economic measure Immense crowds were present A Common Fallacy.

should la bandied about in the at the cricket matches and other confusion of party politics and sports meetings, and the Thames And now I would like to refer that the Capilat Levy should be riverside resorts attracted to a common fallacy that money generally dorinted with the cord number of visitors. is wealth. It is responsible for dingin of the Red Flag and simi- Congestion of traffic was, how- good deal of confused thought, lar discordant manifestations over, most acute on the roads lead- erpecially with regard to over-that, however properly they may ing to the now country production, that, as Mr. Henry belong to the House of Commons, Whipsnade, about thirty miles Ford would tell us, is only to heare out of pisce in assemblies of from London. Twenty-eight thou- met by producing more. Over-thinking people.

sand people paid for admission, production is one of those loosely The common fallaer alfout the but an immense number were un- applied terms that are very apį, Capital Levy ta that it means able to reach the new park, as the ander the influence of a political confiscation. Nothing is farther omnibus services could

not ac ly minded press, to lose their real from the truth. It means relief commodato a large proportion of meaning. Generally speaking, from an intolerable burden of the people who arrived by train at what is referred to as

and a return to business the stations within a few miles of Laxation duction

prasperity. I am not talking Whipsnade, and it became neces- tion and this is by no means the polities. I don't take the slightest eary to cancel the zoo tickets by same thing. It does not follow interest in politics. I assure you later trains. Owing to that because Russia is dumping I haven't any idea as to whether tion on the ronds to the zoo, ou wheat and timber in England that we are at the moment laboriously cupants of a large majority of Russia is growing wealthier by suffering under a Conservative private cars were also forced to exporting commodities that have a Government or conservatively abandon the journey, and it was greater real value to the underfed suffering under a Labour Govern- Inte at night before the roads | and poorly-housed peasantry ofment. look on this matter pure-were cleared of picnic traffic.—-

that country than to the presently as a money problem-as an ne British Wireless.

is simply uikten over-pra- }

tuarial adjustment of our finances

EXPRESS

BARBER WILHELMSEN

LINE.

THE PREMIER ALL WATER ROUTE TO.

NEW YORK and other U.S. Atlantio Ports via Panama.

All Vessel call at SAN FRANCISCO and LOS ANGELES en route.

Passengers desiring to travel, by this interesting route will find the accommodation provided well up to their expections, and at a cost most reasonable.

For Passenger and Freight information please apply:-

DODWELL & CO., LTD.

Queen's Buildinga.

Agente.

Telephone 28021.

P. & 0. BRITISH-INDIA, APCAR AND EASTERN & AUSTRALIAN LINES.

(COMPANIES Incorporated in ENGLAND) Taking Cargo on through Hills of Lading for Straits, Java and Burman, Ceylon, India, Perslan Gulf, Mauritius, E. & §. Africa, Australasia, including, New Zealand & Queensland Forts, Red Sea Egypt, Constantinople, Greece, Levantine Parts, Europe Etc.

PENINSULAR & ORIENTAL FORTNIGHTLY DIRECT ROYAL MAIL STEAMERS, (UNDER CONTRACT WITH H.M. GOVERNMENT.)

A re-

200 at

3. S.

"BURDWAN

!KASHMIR

RANPURA

+ KASHGAR RAWALPINDI *PERIM

!KHYBER *SOMALI

RAJPUTANA "PADUA

conges-

in-

actual consumers,

This over-production idea is the on sound and reasonable, lines, foundation of the fallacy known free from injustice and fair to to me. as the "favourable trade balance" everybody. Why should a lovy, It is impassible now to discuss that lays down the astonishing paid once and for all be, any the matter, as it would encroach principle that when two nations more confiscation than Death Loe much on our time, but if you trade together one must gain and Duties paid once and for all, or can keep the subject clear of poli the other lose. It tells us that Income Tax paid year after year? ties and confine it solely to the nation whose exports exceed A nation that seeks to pay off a terest-and perhaps also to eggs its imports necessarily becomes War Bebt of these grotesque--you might find it a profitable richer by the balance transferred dimensions by crippling Industry topic of enquiry and discussion in treasurg, The term "favour with a crushing burden of annual at one of your future meetings. able trade balance" is a misnomer, taxation is like a man that keeps am greatly obliged, gentle- Whother exports exceed imports on taking his temperature instead men, for the patient hearing you vice-vers each country en of taking his medicine. Or all have given me-(Applause). richus itself by international the muddled theories about money Thanks to the spenker were ex- trade, as each obtaing what it this "confiscation" theory of the pressed by the Hon. Mr. W.-E. L.. wants and gets rid of the surplus Capital Levy is the most puzzling | Shenton.

or

THE HONGKONG & WHAMPOA DOCK CO., LTD.

Telegrama:

Head Office and Works: -KOWLOON, HONGKONG."

"MANIFESTO. HONGKONG”.

Triphany:

HONG KONG OFFICE 2888. "KOWLOON DOCK 1993.

| DOCK OWNERS, SHIP DESIGNERS AND BUILDERS, MARINE AND LAND ENGINEERS, BOILER MAKERS, STEEL, IRON AND BRASS FOUNDERS, FORGE MASTERS, WELDERS AND ELECTRICIANS.

On Layd

that of

KARMALA *Carga only.

Tona

Front Hong- kong (about)

30th May

Destination

M'los, Havre, Lidon, Hull, H'burg. Rotterdam & A'werp

| 9,000 | 6th June. | M'los, L'don, Hull,

Rotterdam & Antwerp.

17,000 † 20th June. | Bombay, M'los & L'ɗon

9,000 14th July. | M'los, L'don, R'dm & A'worp | 17,000 | 18th July. | Bombay, M'ies & L’don

7,700 | 25th July. Í M’les, Havro, L'don, H'burg,

Rotterdam & Antwerp

| 9,000 1st Aug 1 6,800 8th Aug

17,000 15th Aug.

5,900 | 22nd Aug.

|

Miles, L'don, R'dm &" A'werp Mles, Havre, L'don. Hull,

H'burg, R'dam & A'werp

Bombay, M'los & L'don

M'los, Havro, L’don, H'burg, Rotterdam & Antwerp

| -8,000 | 29th Aug. | Margollles, & London

Calls Casa Blanca. ¡Calla Port Swottenham. Frequent connections from Port Said for Passengers and Cargo to Constantinople, Pireaus, Smyrna and other Levant Ports by Steamers of the Khedivíni Mall 8.9. Co.

BRITISH INDIA-APCAR SAILINGS

TILAWA

10,000 31st May. 3 p.m. 8,000 16th Juno.......

S'poro, Penang & Caloutta

10,000

S'pore, Penang & Caloutta S'pore, Penang & Calcutta

- SANTHIA TALMA

23rd Juno.

B. L. Apcar Lino steamers have excellent accommodation for las and End class passengera.

TANDA

EASTERN & AUSTRALIAN SAILINGS (South)

ST. ALDANS NELLORE

7,000 | 30th May, noon. Manila, Rabaul,

Brisbane, Sydney

and Melbourne

5,000 3rd July.

7,000 Іні Лик.

Ilegular Monthly Bailings from Hongkong to Bhanghai and Japan and Hongkong to Australia.

Hong-Kong to Bydney-19 days, Frequent connections from Australia with the following:- The Union 8.8. Co.'s Steamers to the United Kingdom Via New Zealand, Vancouver, San Francisco, ate.,

The P. & O. Royal Mail Steamers to Londen and

The P. & O. Branch Service of Steamers to London via Sues. The Now Zealand Shipping Co.'s Steamers for Southampton and London vin Panama Canal

TALMA

ST. ALBANS

KABIGAR

*PERIM

SAILINGS TO SHANGHAI & JAPAN

TAKADA

RAWALPINDI

{BOMALI

SIRDHANA

Harbour

Call Play

KHYDER

Cargo only.

My

Shipwricht

| 10,000-| | 5th June. | Amoy, S'hai, Moji, Kobe

& Osaka | 5,000 5th June. | S'hai, Moji, Kobe, Osaka

& Yoko

9,000 | 5th June. | S'hat, Moil, Kobe & Yoko 7,700 10th June. S'hai, Kobo & Yoko 17,000 18th Juno. | Amoy, Mojí, Kobs & Osaka.

6,800 19th June. S'hal, Kobo & Yoko

27th June.

S'bui, Kobo & Yoko

7,745

9,114

2nd July. 3rd July.

Amoy, Moji, Kobe & Osaka

8'hai, Moji, Kobe & Yoko

8.8. "SUMATRA”

M.V. "NAGARA"

Outwards to:

·Sailing about

4th June. 4th

July. Aug.

Sailing about

8.8. "CEYLON"

SHANGHAI, AND JAPAN PORTS.

8.8. "OBYLON"

5.8. "JAPAN"

Passenger Rates:

"A" Clark

Hongkong to Genoa

$57

Hongkong to lat. North

Continental Ports.

£62

24th June. 23rd July.

"B" Class

$52

657

THE SWEDISH EAST ASIATIC CO., LTD.-

Agents:

GILMAN & CO., LTD.

Hongkoug.

G. R. HUYGEN Canton,

T.S.S. "EMPRESS OF JAPAN.”

in No. 1 Dock. Ship Dimensions:--660′0′′ 0. A. × 88′0′′ × 48′6′′ M14,

24,000 tons Grom.

The dimensions of No. 1 Dock are 700′0′′ × 88′9′′ × 30′6′′ Over «lll, II.P. O.D.T. Balvage Tug "Henry Keswick.” 2,000. LH.P. Wireless Call Signal V.P.B.T. and Flax Call Signal TILQ.B. Shoorlegu espabls of lifting 50 tons," Codes Used: Ai, A.B.C. Fifth Edition: Engineering, First and Second Edition. Western Union. Bentler and Watkins.

Kindly send enquiries to the Chief Manager,

R. M. DYER, B.Sc., M.IN.A., Kowloon Docks, Hongkong.

All dates are approximate and subject to alteration without notice. Parcela Measuring not more than 5 a.ft. will be. received at the Co's Office up to noon on the day previous to sailing Tor Pasengo Raton, Handbooks, Freights, ata,, apply to

MACKINNON, MACKENZIE" & Co.

Agents.

P. & O. Bldg., Connaught Rd., C...

TRAVEL A.-O. LINE

TO AUSTRALIA.

Calling at Manila (P. 18.3, Thursday is. Catras, Towaevilla,

Brisbane, Sydney and Melbourat

•

BRITISH STEAMERS, CHANGTE - TAIPING {nufaces)

· FASTEST 3 MOST UP-TO-DATE STIANEERS IN THE SERVICE. ELECTRIO LAUNDRY, BARBER BILOR SURGEON and STEWARDESS CARRIED. Balay Your Short Leave 'in Australia and New Zealand, Hong Kong, Sydney --- 19' Deyn

FIRST CLASS FARE TO SYDNEY, F/G RETURN

STAMER.

ОНАНОТЕ.. TAIPING OHANGTE...

TAIPINA. 200

- LONDON (via Australia) from 4136/35/2. CAutralian Newspapery of 20). Bee Har Kona Hawn Hong Kong) BiLaws. Month)

June 12th

July 198

MAW

Dept. Ma

1921, 18th

AUSTRALIAN-ORIENTAL LINE. LIM

BUTTERFIELD A SWIRL, Age«ML-HONG KONG