1934-11-24 — Page 6

Once You See Them, You Know They

Are Good.

Quality Goods Need No Boom!

B

ELESCHLOSS

MORLEY

THE

FLYING WHEEL

MARK

The Best British

KNITWEAR Blankets &c.

JACOB'S

World famous

BISCUITS.

BEER

Best German Beer

VIROLI

For CHILDREN&IRIAZIOS

A BUILDING-UP

SHARP

TOTTE

FOOD FOR ALL AGES

Virol has no medical action-it is a food only. It restores tone and vitality by sup- plying easily digested food, thus meeting the needs of the ex- hausted cells of the body.

SHARP'S

Fest British Toffee

TRADE

TOFFEE

MARK

THE HONGKONG

JAPAN PAYS HER BILLS

SCRUPULOUS CARE

OF CREDITS

HEAVY LOSS IN EXCHANGE

TELEGRAPH.

SATURDAY,

NOVEMBER

24, 1934.

phero had aroused 'general interest her debts in this country, but sama in the United States-Japan balanco retirements. have been made. Last of international payments.

year about $19,000,000 in ̧ dollar The majority of European Arian-bonds were retired, and two years cial powers aro excluded from com-jago, $24,000,000. рагівол with Japan in her financial

TRADE BALANCE record in. United States, due to Japan's strict attention to her wholesale defaults on War debts, foreign obligations in attributed Canada's debt service record is here to her determination to main- practically perfect, except for attain her high credit abroad under few small issues of corporation all circumstances, but has been bonds Netherlands is paid in full favoured by the flexibility of many except for arrears in a small items in her international balance amount of corporation bonds. of paymenta.

Japan

ordinarily Argentina has scrupulously ful- has an unfavourable balance alled national governmental obliga-merchandise payments with tho By Harry W. Frantz.

tions, but some provincial issues world at large, amounting to about Washington, Nov. 17.

$20,000,000 in 1932, and about Japan, with about $360,000,000 are in arrears.

Australia has not defaulted any $50,000,000

your earlier. The of bonds outstanding in the Ameri-issues, but once barely escaped a emphasis given to can market, has a 100 per cent.crisis through timely assistance enabled hor to reduce but not export trade has record in the payment of her pre-from Great Britain.

eliminate this unfavourable balanco, sont obligations to American in-

CAREFUL OF CREDIT.

A favourable item in her inter- ventors. The island empire has a

Great Britain, France, and Italy national balance, immigrant remit- record in private obligations an-bave carefully conserved their tances, la estimated to yield in re- alogous to that of Finland among Anancial prestige in this country, cent years about 80,000,000 yen, apart from the matter of war debts compared with 60,000,000 in more In recent grim years of depres-which opinion in those countries prosperous times. alon, when default in whole or part regard as separate from other! Japan's payments and income for on foreign debts has been almost obligations.

interest on foreign Investments are

war debtore.

the rule rather than the exception, Japan's 100 per cent, debt record about a check-off. no instance has been officially re-in this country is remarked among It is largely the income from ported here of Japanese default anancial observera here as particu-shipping that has enabled Japan to either of principal or interest innrly noteworthy because of the compensato her unfavourable mer any category of bonds,

depreciation of the yon during the chanding balance. This item in

The estimated amount of Japa-period of world depression, which 1091 produced a net balance of nese bonds outstanding in the made dollar settlements more ex-155,000,000 yen, and in earlier United States Includes $161,000,000 |pensive in terms of yen. Many of yeara up to 200,000,000. of the national government, $40,- |the Japanese obligations were in- Japan's financial record tends to 000,000 of manicipal issues, $62,-curred when the yen was worth temper foreign criticism of her 000,000 for government-guaranteed about 49 cents in exchange. The commercial "drive," as her position corporations and $115,000,000 for yen early in 1933 was as low as is not akin to that of certain coun- private corporations.

21 cents, but since dollar devalua-tries which have sought to build up These facts were obtained Intion it has riaen to a present figure an increased merchandise balance authoritative sources after unoff-around 30 cents,

while simultaneously retarding pay- cial arguments over Japan's trade) Not only has Japan maintained ments on account of financial in- "invasion" in the Western Hemis-Interest and principal payments on debtedness-United Press,

IT IS NOT TOO LATE TO

ENTER

THE

GREAT

'Viyella'

KNITTING COMPETITION if you get an ENTRY FORM

right away from one of the undermentioned stores.

China Emporium, Ltd. Kayamally & Co.

The Sincoro Co., Ltd.

The Sun Co., Ltd.

Sun Chong..

Tyob & Co.

Whiteaway, Laidlaw & Co., Ltd. The Wing On Co., Ltd.

$750.00

MUST BE WON

HERE ARE THE PRIZES:-

3

1st Prizes of $150.

3

2nd Prizon of $ 50.

3 3rd Prizes of $ 20.

and ton consolation prizes of $10 each. 19 CASH PRIZES IN ALL.

DON'T FORGET THE CLOSING DATE IS DECEMBER 31st, 1934.

The garments you "

knit for this

Competition must

be submitted on

or

before 31st

December, 1934.

Vivella

DAY

(NICHT

WEAR

Wm. Hollins & Co., Ltd.

Send your entries in early and re- member that they will be returned to you after the contest, Garments received after this date will not be considered.

ABP 4

tra probat articem

WINDSOR & NEWTON'S

SHOWCARD COLOURS

ARTIST'S OIL COLOURS SCHOLASTIC WATER

COLOURS

Already known to Artists as the

best colours since 1832,

GONZALEZ

PORTS

"Special Tawny"

"Three Crowns"

&c.

THE WING ON CO., LTD.

Hongkong's Largest Department Store.

HOLE PROOF

Silk Hose

LATEST NOVELTY

2651

SUPER-ELASTIC

STRETCH-IT TOP

in convenient Service weight

JUST ARRIVED

LIQUEUR BRANDY GLASSES

AND

All the honoura a nation could pay to a noted citizen were accorded Louis Barthou, Foreign Minister who died trying to shield King Alexander from an assassin's bullets, in a state funeral attended by all high officials. This exdiophoto shows the funeral procession, the flag-draped caisson bearing Barthou's body, Burrounded by the dignitaries who served a pallbearers.

BEER GLASSES

Embassy

MILD

CORK TIPPED

VIRGINIA CIGARETTES

FIRST QUALITY-LOWEST PRICE.

OBTAINABLE FROM

CALDBECK Macgregor` & CO., LTD.

Ice House, Street,

Telephone 20075.

ALL SILK

Soid exclusively by

TAJMAHAL SILK STORE

ENTERTAINMENT BUILDING.

WANTED AT ONCE.

MEN'S AND BOYS' CLOTHING,

SHOES, HATS, ETC.

will be very gratefully received by the HONGKONG BENEVOLENT SOCIETY

at the Old Police Station, Wanchai

on

MONDAYS & THURSDAYS

from 10.30a.m. to 12.00 noon. Send us your old clothes.

REGULAR SHIPMENTS IMPORTED FROM ENGLAND NOW OBTAINABLE AT ALL TOBACCONISTS

AT THE FOLLOWING

REDUCED PRICES

In 50s Round Tins

at 80 cts. per tin.

In 20s Flat Decorated Tins

at 30 cts. per tin.

This advertbomen's la tarded by Britishidmarton's Tubsooo Ca. (China), IAd.

COAL FIRES

Burn brightest and longest

with.

HONGAY EGG COAL

HONGAY MINES OFFICE (Charbonnages du Tonkin) 14, Queen's Road, C.

Phone 21024

They change so fast, there should be a new picture at least once a year, for photographs of the children never grow up.

Make an appointment to-day. THE MING YUEN STUDIO 17, Queen's Road Central (First Floor) (Between the H.K. Hotel and Dalry Farm Store, Queen's Road C.):