1931-07-27 — Page 9

CORRESPONDENCE.

A Free Paper Currency,

(To the Editor, Hongkong

Telegraph.1

"CITY LIGHTS."

CHARLIE CHAPLIN AT

HIS BEST.

The well-known figure with its peculiar get-up that is exclusively Charlie Chaplin's, is again seen Sir,--We are all well aware that | on the screen in "City Lights," there is something radically wrong which. by insistent request,. with the world's' industrial andreing given a second screening at connuerelal affairs today and surely the

Queen's Theatre. Comedy it in about time that our business and pathos are so well-mixed that magnates, bankers and financiers at

the audience had the trouble, diagnosed.

laughs at his antics, and at another moment catches its breath with the pathos of the story as conveyed by the forlorn which he portrays,

be

figenze

The world has unfold potential wealth in the minerals, the agricul tural areas and the forests of its five continents, it has a superabums- dance of skilled inbour wherewith factories In exploit that wealth, stand reply, to furnish the neces

and muchinery, thousands katy of ships lie idle for want of one- groom--all the essentials to unlimat- { poard by Rimself. Ina, kolped so eff prosserity and wet the world to much as day quaken with fear of a general ( expression. Industrial collaper.

The led war traved Elos; a matou would banish milliona ed its worker-

*** from industry nod

four million stering 1 day fote y ni on non-productiv, fort without runainy Itself in and yet thi

There is an denying the high artistry which Charlie has brought into this picture, written, directed and produced by himself, and in | which mugle also sald to be con-i

t

debt

nation to-day Ends iteulty in simply support ing itself.

Surely we have not far to book for the care of this world-wadde Brande deurmadon termany stands in the most preval ions position of all at the moment, and ha the bottom of her tagnation: The anwer is ab?redib

of golf dea theads of a metal (bal is of practically intrinsic value to the world We MR bury mur total meanwila tien Tomorrow and varry NB *** happened.

|

vehicle of emotional

" Lights" must not on any account missed by pictures pores; it will box bug reinandered

uther so-called

“super- have been forgotten.

IN

Burtunties

would de olivated, fuereased production woul counteracted by the incrense purchasing power of the workers: and the burden of the internal war debt would be lightened just as

England t

was doubled br Reflation a ter the war. Inter National change Paten would remain almost stationary an Countries word baiting 4

rumon coated factor 14 steady level. Over

11)

generat

Dilation would be a very improby. loadable contingency as it duld only result in dianaler for the nation that permitted it.

Betitioas lls the

present value of pold would slump with

+

Germany he the strees and the propisite indariak organisation to enable her to trygter

aboad in spite of her heave forelyne drop in the demand for it and obligation tad simply because persists in adhering to the fallacy would besatzze

of the necessity for retention

·lar- Europe

international Belts negligible. The

this. might resent

If

in

PSA. the gold standard she rashing | altimately she would beneat headlong to gain.

recoverdig het lost markets,

The in its

its

It astounds one to hear all this

A nations capitul capacity for production il pra Kalk of a natlon like Germany perity, its brain power labour strength; and it is the peak wealth represented by 1 mines, its agriculture, its farteries and skips that should in rerugnised

with it thousands of millions sterling in real hard wealth going bankrupt for want of a few tons of comparatively useless metal. Sarely it is abuit time our fina-

as the guarantee against its curi experts were starting to use rency issue",

-

Gold was introduces sonte turies back as a medium of ex-

leathe eling then guarantee for a paper

enfrency,

what little grey matter they Bap pen to possess mstead of trying to in the world, as it Mands To-day. conglomeration of worn-out Conditions. You ofe...

Standard Measures,

X

but the recent mpir development nd the world's trade, with the same ||~ ris International debl- which that trade inevitably entails,

Sir. 1 should be glad if you now rendered the yellowy nietal even

would inform me if the British a guarantee

Imperial gallon of

approximately stability and danger. What was

91, is the standard measure in formerly docile indispensable servant has unier modern condithe Colony. Apparently the Incal tions, become an insensate, irvo ponsible master.

The war mizde

2 se

*

1

i USA gizantie greditor and wealth will contime to flow thereto frogi "im- poverished Europe for many years to come. A

in. creditor nation's ternational (velutje

al- rate waya relatively high on secunt of this abnormal derund for her curs rency and ander the present inome tury mysiet. Pohl automatically

garages are allowed to sell by the American or wine gallon of 7% 10 B. and thus of off rontalning this latter quantity are sold mark- ed, "one gallon."... Yours, etc., Morus OyeList.

weights and standard measures

of Hongkong are the tartaris in nap in the United Kingdom, fogether with certain Chinese weights and

pecified in the Scherlufe to Ordin

DA #KITAI

Penh Phyground,

Hows in the englitor's directioni, Eton Nr. 2 of 1885. The debtor nations, abraggk to' maintain the value of Their a etir rencies their international trades and they are obliged to retain as much as

the

interest

Sir. Much more important than

the question "Should launches be

possible of their vanishing gold allowed into Island Bay?" is the

As a reserve arainst the currency.

to the question "Shoedd "Jardine's

issuv. Bih discount tshildren be idlowed to play in the

Lecome my resury, and that mean restricted edit and industri stagnation.

US.A. Bas secured

anch

present pinyground at Corner Those children and their anahs

park there all day long. making the surrounding houses and more than healthy share of flats almost impossible to live in-- world's gold and its all wealth, when one is ill it is literally quite real or fletitious, is expected to mibearable. The children (mostly justify its existence, the garrenry small babies of two or three) cry issue expands. A trade hunt and whine continuously, and the tions amnhs strick in loud voices to each as the debtor nations results, hot are forced to maintain a favour other and to their various charges. able trade balance, the USA. Sanitary Inspectors and their wives without ign and other Government people who

Foreign

holiday to

R

finds herself

markets to Overprluction means desperate

absorb, her output, come up for a must

competit

rtition. selling

Government long to get back to their homes at -down of factories, unspain, as the noise down in China ment and idle rapitul. No Town could not be worse.

1 should like to

growing International aulmusity

um not

the

the U.S.A. becomes involved in extera that if they take a the general trade disruption. Her Warn capitalists are overburdened with walk after dimer in this direction wealth they cannot employ, her they will see coolies spliting and in this delightful (?) workers starve in the midst of urinating plenty while Europe trembles on

onttle playground; it is a convenient the brink of an Industrial chasmavatory for, the coolfes who are Where there should be prosperity working on the new hospital, and and luxury for all we are con who stand half the night on Jar fronted with commercial dis-dine's "Bridge" making the night integration, class bitterness and a hideous with their chatter. Might ""sheiter" Biggest that the little with war clouds again looming up be removed by the Police to from behind the political horizon. much nicer playground adjoining

The only

www out thin the Peak School, and that the pre- impasse is to abandon the old sent one be closed? standard in favour 1 Tree

We all know children must have currency. The guarantee against somewhere to play, but adults the issue would be a nation's pro- (especially in the summer) must perty wealth. The banks would have some quiet, and this nolse come under Government control would not be tolerated in any real- and the price of money would be tial part of England. A Chinese regulated with a view to (1) the gramophone has recently been play- gradual expansion of industry toed during the afternoons, and one absorb the unemployed and (2) would like to ask "Where are our

maintaining

steady police that they permit so many of prien level. Keneral

publie nuisances in this locality?" Till (1) was achieved, ther I would recommend that an Eng would bo slow rise in commoditylish policeman should be posted prices and if one nation took the for duty day and night on Jardine's Initiative in thla scher, her Bridge for a few weeks and that International exchange rate would the small playground should automatically fall..

With world closed. co-operation, however, exchangé

the

A DISGUSTED MOTHER,

be

THE

HONGKONG

SHARE PRICES.

TO-DAY'S QUOTATIONS.

The following is the list of local share quotatlone issued to-day:

Bańka,

Hongkong Bank, $2,0001⁄2 b. Chartered Bank £14 n. Mercantile A. and B., £20 n. East Asin $128 b.

Insurances.

Canton Ins., $1435 n. Union Ins., $655 1. Chin

Underwriters, $5.5h s. China Fires, $700 b. HI.K. Fire Ins.. $1400 n.

Shipping.

Douglas, 522 n. H.K. Steamboats, $26 b. Indo-Chinns, (Def.) $30. Union Waterboats, $2812 b.

Mining.

Benguets $0.60 15. Raitans. 30/- 13,

S'hal Explorations, Tls. 2 n. Rules, $34.

Docks, etc. Kowloon Wharves, $165 . Whampoa Docks, $28 b. South Chinn Motors $10 n. China Providents, $6,05 t. -

270 n.

Hangkewa, T. 18. G . New Engineers,

Shanghai Docks, Tis, 111 n.

Cottons.

Ewo Cotton, $11.20 b.

Shat Cotton Tls. 944 n. Zoung Sings Th. 11 b.

Lands, Hotels, etc. HR. & S. Hotela, told H.K. & S. Hotels (new) $16.60 », H.K. Land, 892 m.

Sini Land Tls, 39.20 sa. Humphreys, $21,66 1. Realties, $14.90 b.

Public Utilities. Tramways, $21,70 b.

$16.80 k.

Pouk Terns, Cold) $14 n. Star Ferries, $11 s.

China Lights, 826 1 FR. Electries, $11, 5. Macao Electries, $23 n. Telephones, $163. China Buses, 11 Singapore Tractions, n.

Industrials,

17.90.

China Sugars, 65 cts, A. Malabons $39 1.

Canton Jer, $6,50 n. Cement teomba $19% . Rope, $214,

Stores, etc. Dairy Farms, $32. Watson, $10 b.

Der A. Winga, $1 n. Lane Crawford, $7,65 h. Mackintosh, 218 n. Sinceros, $15 Powells, $4 n.

Miscellaneous. Annusements, $267, b. Anusements. New "B" 25,50 n. Entertainments $171% n. Fonstructions $12 s.

'que In. G. Banda, 78% b.

TELEGRAPH. MONDAY, JULY 27, 1931.

CANNIBAL OUTBREAK

IN CONGO.

TAX COMMISSIONIER

KILLED.

Brussels, July 21.

D & O. BANKING CORPORATION LTTM

A case of cannibalism is report. (Incorporated in England 1920.) ed from a small hamlet Bear Authorized Capital

Leopoldaville in the Belgian Congo Subserved and Fuld y

Reserve Fund where relieling natives ambushed

Will the win immortal fare

Анли like that of the inte Pavlova? Pavlova. herself thought so, for it has just boun revealed that the celebrated dancer herself believed that Mille Alexandra Danilova, above would became the world's greatest ballet artist. The young dancer, now appear. ing at the Riviera, la. member of the Dischilell and Royal Russian ballots.

and killed a lux corumissioner und finally devoured his corpse.

BANKS.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal "Charter, 1851.

HEAD OFFICE, LONDON,

Paid-Up Cap[i]

་

AGENCIES AND BRANCHET

KUALA LUMPUR костно

45,000,000

2,594,200

100,00

$1,301,946 Reserva Pand...

4,000,000 Ameren Liability of Propristere ... +8,400,000

ALOR STAR

(Malay Bates)

AMRITSAN

MADRAS

BANDIOK

BATAVIA

BOMBAY

HRAD OFFICIE 11. Leadenhall Street, London, KG, B. WEST LONDON BRANCH, 14-10, Cockaper Street, Landon, 8WJ. BRANCHES-Bombay, Calette, Calicut, Colembe, Hongkong, Mairsa, Shanghai, Sin pare

*AGENCIES:-ẫn xil the principal towns of the world.

General Exchange und Banking Busines transacted. Losne and amedrafti grested pa 'approved security, Curvens and Flied Deposit

accomate spesed.

BAVINGS BANK ACCOUNTS:=Internet allowed at rulon which may be obtained on application.

TRAVELLERS CHEQUES ISSUED. Panourizora unveiling Homeward are reco mended to obtain a Letter of Credis from ww. which oka do sched through the ParseT Gf ADJ P. and 0. or B. L. & N. Bussmer or at ans

of the Branabes of the Corporation.

W. J. WADDINGTON,

Action Maaseve.

THE BANK OF EAST ASIA, LTD. Established 1918.

HEAD OFFICE: 10, Des Voeux Road, Central, HONG KONG. Capital & Surplus over H$8,000,000 | Total Resources over H$30,000,000 Every description of Banking and Exchango business transact-

ed.

Current and Fixed Deposit Ac- counts in local and foreign cur- rencies opened for clients.

CALCUTTA CANTON DAWNPORE DPAB

COLOMBO

·DAIRAN

DELT HAIPHONG

HAMBURG

HANKOW

KARDIN

MANILA

NEW YORK

PEKING

PENANO RANGOON

BALOVK BEMARANG SERAMDAN BHANGHAI HINGAPORE BOURABAYA

TAIPING

(PMO)

(North Manchería) TAVOT HONGKONG

ILOILO

IPOI

KARACHI

ILANO

.2003

TRENTYEN TOKYO

TONGKAJI

(BUKET)

TSINGTAO

YOKOHAMA

KUALA KANGsah zamBOANGA

(Parah F3.5.3 (Philippine In.) Foreign Exchange and General Banking

transla Current Account opened and Fixed The posite received for ous year at shorter periode at rates which will be quoted an application.

J. STUART, Acting Manager. Jonzkost, TH HAI, 1931,

BANK

OF CHINA.

Reorganized Deluber 16, 19ži, under special charter of The National Government as a INTERNATIONAL EXCHANGE BANK. Hobroribed Capital

De-Pad-Up Capital

Savings Account and Safe posit Boxes.

Branches and Agencies all over the world.

KAN TONG PO,

Chief Manager.

SHARKEY-WALKER,

CONTEST ENDS IN A DRAW.

New York, July 24. The Afteen round bout between same fate and rearhed Leopolds Jack Sharkey and Mickey Walker ville

A native servant of the com-' missioner narrowly escaped the

દર્દ શ

Reserve Funda...

HONGKONG AND SHANGHA) BANKING CORPORATION.

Awiborized Capital ...............................650.000.000 Irved and Pally Fulday ........ 9,995.00 | Roserry Pendan

Bering A. ALI90,000 Elver moon..835,000,000 Monaste Liability of Proprietorn ..821,900,00 HEAD OFFICE: HONGKONG. BOARD OF DIRECTOEL. Hen. Mr. G. G. d. Muskie.

Chelse

Hon. Mr. J. 7. Paternum. Deputy Chairman.

Hon. Mr. W. 17. Bell T. 2. Poros, Kv4. ̈à. E. Kempten. Dos. J. A. Plummer, R M. Lauder Lavie, leg. 'T. HE, K. Shaw, B 7. Maklu, E. J. X. WAYTOD,

MANAGER,

AMOY

DANGKOI BATAVIA DOMBAY JALOUTTA

DANTON Счтоб COLOMBO

DAIREN FOOKNOW

HAIPHONG

HAMBURG

HANKOW

HARDEN

ONGKIU

JLOILO

IPON JOHOR

KOEB

KOWLOON

CHIE

Y, K. GRAYBURN,

BRANCHED 10

KUALA LUMPUR

LONDON LIOND

MALACCA MANIL

MUAR (Johore) XUIDIN

NNW YOR PEPING PENANG RANGGON

BAIGON

BAN FRANC BOO SILANOMAT

BINGAPORE

BOURABAYA

BUNGHI FATANI TIENTAIN

TOKYO

• TRIKUTAO ΤΟΚΟΠΑΤΑ

Current Accounts opened in Loss) OuRAN and Fixed Deposit received for one year a aborter periods in Local Outroney and Blarne on terms which will be rooted on 193ɑmina

Hongkong. 18th May. 1931,

HONGKONG BAVINGS BANK

.828,000,000.00

The Beals of thà shore Bank le ven 24,710,000.00 ducted by the HONGKONG AND SHANGWAJ

1,820,008.22 | BANKING CO POEATION. Trần bay

obtained option.

FOR THE HONGKONG AND SHANGHAS BANKING COFPORATION.

T. M. GRAYBURN,

Chat MaxABY ON lonskom. 165h July, 2000.

HEAD OFFICE: SHANOBAT.

HONGKONG BRANCHI,

4. Queen's Road Central. Owfar to our numerous branches in Chian and large connections to the important com merulal centre of the world, we aan alle za atwad to our client special facilities for domato and foreign beaking and exchange.

We also handle the fears of Bonds and other Pabila Funda of the Chinete ÜcreZONE both at home and abroad.

1900 J. CTEN,

MORLEW.

THE YOKOHAMA SPECIE BANK, LIMITED.

Beserve Fund..... 110,000 DOL

HEAD OFFICE:~YOKOHAMA.

from where

punitive for the American heavyweight Capital (fally paid ca)... 100.000.000 expedition was sent out immedi- championship at Ebbetts Field re iately to arrest the cannibals. The sulted in a draw. Sharkey enjoy

latter, however, offered resistanen

of 29 weight advantage and

according to the official compounds, the weights being Sharkey Alanazeria

"ally [90132m2qqan,

were 1981 pounds and Walker 169 Batavia killed by machinegun fire, before pounds. Sharkey was a two and Versier ciald be restored."

natives

USE

balf to one favourite.

WIRE ROPES

Manufactured by

BRUNTONS

Musselburgh, Scotland

the name associated with the manufacture of

high grade Wire Ropes for more than 50 years.

Hawsers, Cargo Runners, Rigging, Dredging, Towing, Derricks, Trans- porters Slings, Engineering Cranes,

Hoists, Lifts, Aerial Ropeways, etc., etc.

"Kilindo" non-rotating Wire Ropes. Fla.tened Strand Beacon "Trulay" Construction.

Stocks carried of Standard Flexible Steel. Wire

Rope 6 Strands, 24 Wires, 7 Fibre cores.

Prices and full particulars obtained from the

Sole Agents:-

SHEWAN TOMES & CO.,

HONGKONG.

Berlin

Bombar

Calculia

Canton

Eche

London

Baisos

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Strees. New York.

Capital, Surplus and Undivided

Profts...U.S.$226,037,392

Branches in:-

ARGENTINE

BELOTUM

Branches and agwache st

Tai Xuen

Rio de

Karachi

Jumeira

San Franelson

Battle

Barang

BRAZIL CEL. CHINA COLOMBIA UCBA DOMINCAN

REPUBLIQ

Shangbal

INDIA JAPAN ITALT

Los Angele

Manila

Changeben NASCAR Daire (Delay) Nagoya

Fatigtin

(Kukde)

Hamborg

Hinakow

Barkin

Moogkang

Подавате

Newchwang New Tack O

Faris

Priping

Hasgoon

Bhlmoneti Bispor Bouzabaza Zydney Tientuis Tokre

Talofa

LONDON MEXICO PANAMS PERU PHILIPPINE

ISLAND PORTO RICO STRAITS

SETTLEMENTI URUGUAY VENEZUELA

Commercial and Travellers' Les ters of Credit, Travellers' Cheques Bills of Exchange and Cable Transfers bought and sold. · Cur- rent accounts and Savings Bank Deponile received Ise kxed perfede at raba | accounte op' od And Fixed De in be obtained on appileation

Tulosten Intermek wiewed on Current Account.

E MOU

Maung. Hongkong · Mered fith, 1991.

THE HO HONG BANK,

LIMITED.

(ESTADLJETIRD 1917.)

Authorised Capital

Jarned Camita!

posits in loch, and foreign curren cles taken at rates that may be sa cortained on application to the. Bank.

We are also able to offer our Customers the services of the Branches of the International Banking Corporation in San Fran. ciaco, and Spain and also of The ..........Suratim #20,000,000 National City Bank of New York

3,000,000 (France) S.A., la Paris and Nies.

F. McD. COURTNEY,

Manager. Hongkong, 20th February, 1981.

NEDERLANDSCHE HANDEL MAATSCHAPPII, N.V. (Netherlands Trečias Bociety)

Palup Capital .......

| Reserve Llablilties of Share-

holders

Surplus

4,109,900

1,000,000 2,687,000

HEAD OFFICS1-BINGAPORE.

Breath Agencies and Correspondents to the principai titim of the world.

Eraty description af Basking ist Exchange business transacted.

TAN ING HOOL

NEW

Masheet.

MUSIC Just Arrived.

Miss Hook of Holland. (Vocal Score)

Miss Hook of Holland. (Libretto)

The Land of Smiles,

(Vocal Geme)

The Land of Smiles

(Piano Snlection).. Hollywood Dance Folio. Feldman's Song Album, Francis & Day's

Song Album

TSANG FOOK PIANO COMPANY,

HANKKES.

ESTABLISHED 1024

Hongkong fear 11, Queen's Mană. Centra Authored Capital ......QuDawny 254,400,106-

(413,000,000) Paid-Up Capital ........Gahdara 34,201,000.

Staserve Fund

{46,400,ITS) Olders 48,015,096. (41,254,622)

Wood Oce|—AMSTERDAM

Hooters Hand Ošon:—BATAVIA,

BRANCHES ( ---- Bandformacin

Bomber,__Oxlcutta, Fa566), 15ambar, Dicljakarta • The Hagua", Kobe, Tabu-KalM,

Palembang Pikalongan, Postanak, Mangoste

Biboles (Beatz), Ba

Brasbain, Bourakarta (solo), Teeni. Tiślepy, and Welierra

* Thurs often bare safe deposit beter by her. London Bankarp--National Provincii Domná v

IAL

Gerrepondents all over the world.

BANKING BURNERS OF WEINS DESCRIPTION TRANBADIN, A. STOKKER.

Tomakron. 19th. Äxave), 1969,

THE BANK OF CANTON, LIMITED.

ESTABLISHED' 1813. ' Read Office:Hongkong.

Authorised Cigðuð verkkan

Canton, Thangkal, Mashow, Evidenc

LONDON BANKING ----

Degenovadenie în vid Frinatsal edilen

6, Des Voeux Road, Central walk

(Entrance Ios Houns Strank.):

Telephone C. 24648,