1931-10-26 — Page 6

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THERE ARE NUMEROUS BEERS STYLED

"PILSNER" BUT THERE IS ONLY ONE ORIGINAL AND GENUINE

Bier

•Cugnlichen Brace GPS. IN PISIN

PILSNER URQUELL,

brewed at the town of Pilsen, from which it derives its name.

insist upon

PILSNER

URQUELL the original

PILSNER BEER.

“U”

Call for

BEER

Sole Agents for Hong Kong

A. S. WATSON & CO., LTD.

NOW ON SALE

The New

Victor

Dance Records

for OCTOBER.

S. MOUTRIE & CO., LTD.

CHATER ROAD. “

Lincoln

Bennett

HATS

There is no better hat for style, finish; material, workman- ship and wear than a Lincoln Bennett. We have now a large and up-to-date stock of these premier hats. May we fit you?

Lane, Crawford, Ltd.

Men's Wear Stylists.

THE

HONGKONG

for Economical Transportation

CHEVROLET,

"WHAT A CARI FOR 80

LITTLE MONEY."

►

Chevrolet's long wheelbase, brilliant 6-cylinder perfor- mance, and magnificent Fisher Bodies bring an entirely now standard of quality and value to you.

PASS.

LATEST MODEL 5 SEDAN BEAUTIFULLY FINISHED IN BOLLING GREEN DUCO WITH BLACK BELT, 5 WIRE WHEELS (CREAM), GREY UP- HOLSTERY. COMPLETE WITH FULL EQUIPMENT IN- CLUDING BUMPERS, SPARE TIRE & TUBE, WINDSHHELD WIPER, MIRROK.

PRICE HK$3,370,

PRODUCT OF GENERAL MOTORS.

TELEGRAPH. MONDAY, OCTOBER 26, 1931.

worn groove, with insuficient dif- fusion of experience and spec!- alised knowledge to secure the steady development of the group Transfers of units as a whole.

21

f officers are opportunistic rather than systematic, officers in the technleal services in particular feel themselves hemmed in by local influences, to which they often succumb, being out of touch with their colleagues in other Colonies, and, as consequence, there is little to promote inter- colonial esprit de corps or a senau of Empire service. As one techni. cal mas expressed it. the atmos phere is provincin rather than Imperial. The Conference DI 1927 expressed the view that regular system of interchange of theers, not netually on pran- Ition, was highly desirable, fui that it might be difficult exerp within specified groups Colonies, such, for example, as the

that

A R

even

crept a transfer which doet

DAY BY DAY

No ENJOYMENT, HOWEVER IN- CONSIDERABLE, ID CONFINED TO THE A MAN 18 THE PRESENT MOMENT.

LIFE FROM HAVING HAPPIER FOR MADE ONCE AN AGREEABLE TOUR, OK LIVED FOR ANY LENGTH OF TIME WITH PLEASANT PROFLE, OR ENJOY- ED ANY CONSIDERABLE INTERVAL OF INNOCENT PLEASURE Sidney Smith.

Mr. S. J. Hicks, of Arts and Crafts, Ltd., arrived here by the a.s. President Cleveland,

The I. and O. n.s. Kidderpore, from Singappen, is due here at 6 am. on the 30th instant.

Gold Standard Versus: Bi-Metallism.

A REPLY TO LORD GREENWAY. By J. C. Johnstone.

CONSIDERABLE amount of exceeded the fresh supply of gold eminent opinion is beginning for monetary purposes by some During the last to favour Bi-metallism as a remedy £200,000,000.

by

The Empress of Canada arrived at for the profound and ever-deepen- 17 years those two countries Ing depression under which the between them have absorbed the Vaneuver yesterday at noon.

world labours, and an eloquent plea whole of the monetary gold out- for its adoption has been put for put and £100,000,000 in addition ward by Lord Greenway,

The result is that whereas they fti-metallim nя alternative have exactly doubled their hold- : to the gold standard is not newing of gold since 1913, the rost either in theory or practive. It of the world has actually ten per has been

"mployed

some cent. lesa.

A large percentage of the gold countries in the past, and it was the subject of controversy which in France and the United States

agitated Dar

Is as useless to those countries fathers. grently

has been heardļand to the world at large as if A.. Little, however,

of is for tore than a generation, it were at the bottom of the sca and to-day the average inymun van This surplus. if it could

utllised, would be quite sufficiant. only guess at its meaning.

Under the gold standard a curto set the world on its feet again.

international or

A. Company's The E. and Nellore, from Moji, is due here on Wednesday afternena.

Burns to his face were received by

the

establish

be

|caused this disastrona concentra-

Far Eastern Dependencies, and an asi, nged 18 of af Kwai rency is linked to gold alone, and There is no vice either in gold

Lane, ground floor, last night is within there range when n kerosene lamp, which he was standard of value. Gold thus bar in the gold standard which han to come the sole lasis of credit. tion of the metal in the values of Interchange might be difficult on romping, burst. He was taken

the Government Civil Hospital for Rot Bimetaliam requires that any two central banka. The fault account of lisparity of pag in treatment,

Cone on presenting legal tender allies in the monetary policies of the Central Bank should la butifled, these two countries, and 1 simílur posts. One of the legi

For satching a reall gold urna at his option, to receive either all-teaser degree of HOMD other ties mentioned was that junior

meat from the cap of a child, which ver or gold in exchange, and that countries. |fficers, particularly if married.

was being carried by a Chinese woman silver side by side with poly

all the with Alaposed to in Lower Lawear Row yesterday, should be invested 1!

If these errors are removed, the youth, who appeared before Mr.

functions now saigned to guldgold stamlard will right itself! notWiitiums at the Central Police Cart

If they are not removed the re- involve promet jett The langunge this morning, was urdered to receive one,

Imonetisation of silver will not twelve atrokes of the cane. The ad

For the purpose it would be help. The MacMillan Committee (difeulty WUZIN with $ anolber tendant låd four previous convictions

fixed

is soßeiently conclusive on this Factor, whilst a lack of knowledge and his Worship, remarking that he necessary to

was put a desirable person, recom- ratio of value between silver and [.

point: "Even a large increase of conditions, pisewhere, esperialiy mended that he be banished.

gold. The value of silver has

1109 fluctuated very considerably since the current supplies of ut the relative met of living in

gold would not do much good so, Two natives of Compain, the bo'sun the war, but it stands at present long us The underlying other Colonies, asked in opeens

not the carpenter of the s.s. Tonkin, at roughly about one-eightieth of persist which have led to

the not being generally anxious

going ashore after the arrival of the the value of gold. The advocates

present maldistribution of gold. None the less, the stommer from Haighone on Saturday, Bimetallism are generally suggest. For the additional supplies would Interchange. Conference expressed the opinien were arrested and tu-day 'charged by ing that the value of silver shottun find their ways to the same Revenue Other Ward at the Central be gradually raised to one-twentieth that the principle of interchange Police Court with ench being in of that of gold. Thus, if. Bri-destinations."

best possession of a small quantity of nem tain were on the bl-metal stand-|

[tiovernment opium which was found 1931, by the Registrar of interests of the service, and it re-concealed under their clothing. They rd, sterling notes would be con- metallism is based

intended guilty, stating that they were vertible at the Bank of England doubted fact that, unless unfere- commended That experience

in receipt of a very sinnil wage and either into silver or into gold, at acen discoveries are made, the nure than one Colony, as a results hoped to earn something by the rate of 20 ounces tray of decline in the productivity of the

THE HONGKONG HOTEL GARAGE.

The Bath & Shanghai Hutate, Istal, Incorporated in Hongkong. Situat in

Happy Valley

MARRIAGE.

October 28.

was valuable and in the

HAM-WHER,--On

Marringes, longkong. Gladys May, eldest daughter of Mr. and Mrs. William Whee, of

Australia. { Melbourne. Charles, eldest son of Mr. and the late Mrs. Mow-Dick Chun Ham, late of Melbourne and Hongkong.

BIRTH.

HAMILTON-On October 24, 1931, at 14, Humphreys Buildings, to Men, K. C. Hamilton, a son.

The

Thongkong Telegraph.

MONDAY, OCTOBER 26, 1951.

142

31

KOWLOON WEDDING.

MR. W. F. DE PINNA MARRIED TO MISS AGNES BARNER

uf

So would the allver. The second argument for Bi. on the un-

to

of such interchange, should be enrrying the opium for a passenger. silver for every ounce of gold. existing gold mines will begin to

The bo'sun was fined $1,200 or never The effect of usin

altera

constitute a serious problem in taken specially into account when months and the carpenter $1,200 ortion of our monetary system, pro- about ten years' time. The world consideration is given to the queas six months.

vided it was adopted by 21 will then, it contended, be oir- sufficient number of leading tion of promoting officers either

countries, would be, according to fronted with all the evils of within their own Colony or

prices. Silver permanent fall in the advocates of Bimetalliam, to ought therefore to be utised to transfer elsewhere.

broaden the basis of world credit redress the definiciency, and pre- and bring ab immediately the paratory steps should be taken These are some of the princi.

18

at once. pal points involved in this vitally

rise in prit levels which universally admitted to be

If the world is to remain in- casential to the world's recovery-definitely on the gold standard it important question, and whilst the

Three main arguments are will certainly issues are still receiving consider. A1 the Rosary Church, Kowloon,

be necessary afternoon, Miss usually advanced by Bimetallists able attention at Home, nothing on Saturday

Aknes Marin Barnes, third in favour of the adoption of their devise international measures for drnatic technical economies in very definite has yet emerged from daughter of Mr. and Mr. F. H. pian. I shall now examine each the use of the matal as a basis

briefly in turn, and the discussions of four years ago. Bartres, was married to Mr. Marie of them

of credit when the coming short- Francisco de Pinna, uly, son of endeavour to show that Bi- age arises. Considerable economica In these matters, which involve a

Mr. P. F. de Pinna.

metallism would either not have already been effected since the break with traditional policy, pro- The bride, who was tastefully achieve the beneficent results War by the withdrawal of gold gress is, perhaps naturally. very clad in Chantilly lace, carried a claimed for it, or else create as colns from

circulation, and the Hlow. As to the question of an bunch of white rosen und fern, and many complications as it removed. MacMillian Committee hus shown had, for her bridesmaids. Miss A. The first arguments is that the how, by the reform of Central | interchange of oflivers between the J. Barnes, her sister, and Miss A present supplies of gold are in Bank statutes and other means, Colonial Government' servies and Basto. They were dressed in blue adequate to the world's needs, substantial further economies could the Consular service, there can be ince and georgette, with crinoline that is, insufficient to prevent a he effected in the future.

hat, and also carried white rosen. fall in prices, or alternatively, Admittedly all this will mean a no doubt, as Mr. Southorn said on

Mrs. Barges was in green crepe that even if they were sufficient, iertain amount of manipulation in Thursday, that this is fraught de-chine, with fawn trimming and the problem created by the la- order to keep world prices relative-

veterate gold hoarding byly stable in A question of much importance | with

terms of gold. But, dieultles, a hat of the same colour. even greater raised during the Budget Nong the less, past events, here in

Groumsmen were Dr. J. W. Bar-France and America la insoluble, the amount of manipulation will nes, the bride's brother, and Mr. except through the artificial ex-bo ns nothing to that which would debate last week, when the desire the East particularly, have P. H. Carvalhu. Father Spada pansion of credit by the rebe required to maintain the values

monetisation of silver. ability of arrangements being demonstrated the necessity for fur was the officiating priest.

of silver and gold in a fixed ratio Neither of these contentions to one another at a time when the made for an interchange of officers closer contnet than is maintained. The ceremony was followed by a,

recaption at the Club de Recreio, will bear examination. Accord-output of gold will be declining, nx between one Crown Colony and The idea of liaison officers being after which the couple left for ing to figures just published by and that of silver will be increasing. others WAN stressed ly the appointed Heems thoroughly Canton and Macao, the bride's Mr. R. G. Hawtrey, the gold This problem, if soluble at all, Unofleinls. The Government sound; they could do much to travelling dress being of navy blue absobed by France and America will not only involve great techni-

crepe-de-chine,

during the past 2 years has cal difficulties, but probably also showed itself in sympathy with the break down the barriers between

very considerable expense.

That is the rock on which jden,, but painted out that it was the two services, thus developing

metallism really foundern, fraught with considerable difficul- that co-operation which is essen- ties, not the least of which is the tial in Imperial interests. necessity for a knowledge of the

WAS

CONTACT BETWEEN

COLONIES.

www

of

BEGGAR'S POINTED

QUERY.

INDIGNANT OVER BAN ON CALLING.

ΨΑΡ

IL

local vernacular in all excep' the senior posts

the service. There has long been a widespread feeling in many of the smaller Colonies that in present cireum- stanees, owing to the fact that there is no unified Colonial Ser- vice, officers, particularly In the When charged before Mr. Wil

liams, at the Central Police Court, scientific and technical branches, this morning with begging. Jabour under serious difficulties in Chinese indignantly enquired why the matter of transfers, and in mendicancy

permitted in many cases have few or no pros-places like Amerlea, Manila and

elsewhere and prohibited peels of ultimate promotion. Hongkong. This issue figured prominently on the agenda of the Colonial Office Conference four years ago, when, after lengthy consideration, approval was given to the idea of creating a single Colortal Ser-you?--In the Dutch Colonies. vice so fat us scientif and re- search officers were conserved, the feeling being that it wo be too far-reaching at present to includo all technical officers.

in

His Worship asked the de- fendant how he know begging was permitted in those places, the defendant replying that he Rad been abroad.

HIR Worship: Where were

What were you doing there, begging 7-Mining. I BOW gars there..

box-

His Worship remarked that he did not know anything about that, but begging was not per- mitted in Hongkong..

A fine of 87 was imposed.

There can be no doubt that, s was represented at the Conference to which we have referred, in-

Mr. J. Ribeira, of 7, Gordon [dividual Colonica which are under

Terrace, has informed the police that the control of the Colonial Office whilst he was present at a party st tend to become watertight com-4, Observatory Building between 0 p.m. and 11 p.m. last night some partmants, the business of govern-person stole from the dining rooms a mont being conducted in `n wall- ¦ lady's wrist watch valued at $600.

"I know how you must feal, all right, to have a follow give you up like that, when you were just waiting for some

polite excuse to drop him anyway.”

BI-

Thirdly, it is urged that the rais- ing of the value of silver would re- store the lost purchasing power of the teeming millions in China and Indin, and would thus redound to The great advantage both of those countries and of all their custom- era. The present low gold value of silver is undoubtedly a serious misfortune for everybody, and a re- medy le urgently to be desired.

But, after all, is not the fall in the silver price merely one symp tum of the present slump, and will it not be as transient as the alump itself. Two years ago the value of allver was 2a, per ounce troy,. which was only Bd. less than fo in 1913. Since then the valuo. terms of gold, has halved, but so have the values of all other motala. When the present crisis is solved, as it must be solved, by a general rise in prices, sliver is likely to benefit concurrently.

To any this la not to imply that silver ought to be left to look after Itself. But, unless Bimotalism is desirable on other grounds, the whole world cannot be expected to alter its entire monetary system merely to suit the convenience of two countries, Important as they

ire.

:

The gold standard has certainly not shown itaalt foolproof. But no standard will work well unless it worked intelligently, and it is safe to say that the old standard," by its greater simplicity, contains within Itself fower stumbling blocks to smooth operation than the much more complicated system of Bi-Metallism.