Page
THE HONGKONG DAILY. PRE-S, FATURDAY, JANUARY 31st 1903
HONGKONG GENERAL CHAMBER † letter of 4th instant and to thank you for the
OF COMMERCE.
As only a portion of the report of the Jaanary meeting of the Chamber of Commerce was given is our iens of Thursday, we now give the full report of what occurred on the 20th just.
MINUTES.
The minutes of the monthly meeting of the Committee held on the 16th December and also of the special meeting of the Committee held ou 23d ultimo were read and confirmed,
STORM WAENINGS,
The SECRETARY reported that, in recordunco with the decision made at the last monthly miting, the report of the sub-committee was forwarded to the Government and the following Corrispondence on the subject was read:-
further information therein contained regarding the question of the establishment of a Parcel Post between Hongkong and the United States
Amerio,.
THE CURRENCY QUESTION.
The N.-C. Daily News of the 21st inst. writes as follows:-
As a contribution to the discussion of the
EASTMAN'S ·
The question of daty, which you point ont eurronoy-of China, we printed in this coltimen with patience they can be made to naderstand FILMS. KODAKS AND ACCESSORIES
might be raised as an objection, will be removed on and ofter 1st proximo, as the duty on tas imported into America ceases on that date.-I aw, Sir, yours faithfully,
G. W. BARION,
Secretary.
A. R. LOWE, Esq., Secretary,
Hongkong Geuersi Chamber of Commerce. The CHAIRMAN said that this matter was
now in the hands of the Governments concerned and the Chamber would have to wait to seo what attitude they took up.
STOWAWAYS TO PHILIPPINES. The following correspondouce was read:- Hongkong General Chamber of Commerce, 20th December, 1902.
Hongkong General Chamber of Commerce,'
Hongkong, 15th January, 19011, Sin, I am directed to reply to your letter of "the 27th Septemler last, intimating that, should this Chumlee entertain the request of The shipanasters to form a committee to report en the question of storm warnings issued by the Hourkong Observatory, His Excellency the Goteraz would consider very carefully the statements and suggestions bit before the Committee with every auxiely to give the fallest information to all these persons for whose safety and that of their ships the Observatory was primari y established, and to inform you, for the information of His Excellency, that the Committee decided to gather the opinions of th whole of the shipping community of this port
With this end in view, a circular letter, of which copy is enclosed, was, on the 13th Octo- The HON. COLONIAL SECRETARY,
BIRI am directed to acknowledge the receipt of your letter of 17th October, 1912, in which you state that His Excellency the Govatuor is awaiting a communication from the American authorities on the subject of stowaways to the Philippines, and that on its receipt a reply will be sent to the representa fiona made in my letter of 1315 October last,
My Committee desire mo to inquire whether they may expect to receive an answer to their representations shortly I have the honour to bobe, in, your obedient servant,
A. B. Lowe, Serrotary.
ber last, addressed to all the shipping firms and
Colonial Secretary's Office, ugerries in the Colony, drawing their attention
24th December, 1902. to the correspondence already published in 1 ho SIR,-With reference to my letter No. 2,275 hoal Press on this subject and asking them to of the 17th October last on the subject of be good enough to obtain and forward to this stowaways, I am directed to inform you Chamber the views of the skipmasters in their that having received and considered a employ as to the methods they would consider communication from the Manila authorities best suited to their requirements in this respect. on the subject, Hie Ixcellency the Governor Numerous replies slowing the great interest has decided to intrudave into the Legislative taken by the shipmasters in this matter baring Council a Bill to smoid the Ordinance No. 22 been received in answer to this request, the of 1690 so as to make the person aiding sad Committee appointed representatives from the abetting stowaways liable to Sne or imprison shipping departments of the P. & S. N. Co, meut, or both, the fine not to exceed $1,000 Mexers. Judine. Matheson & Co., Butterfield-und the aggregate term of imprisonment, & Swico, und Melchers & Co., to examine and whether in default of fine or otherwise, not to report on the opinions and suggestion.a elu-
exceed nine months. I have the honour to be, tained in the correspondence.
Sir, seur obedient servant,
Their repert, copy also ruclosed herein, was unanimously adopted by the Committee of the Chamber, and it was deiled that the recom mendatics and suggestions made therein should be forwarded to the Government with a
F. H. MAY, Colonial Secretary. The SECRETARY,
Hongkong General Chamber of Commerce. P. S.-I have just received your letter of the 24th on this subject.
!
FIFTH CONGRESS OF CHAMBERS OF COM
view to instructions being given for their ultimatandoption by the Hongkong Observatory,
The CHAIRMAN said that the Government's By Committed trust that His Excellency, proposal was a fair and reasonable one and haying before bim this report on the require. | might be considered a step in advance. mente of practical men and the suggestions. therein contained for an economical and effective system of signalling, will have little difficulty in arriving at the conclusion that the storm warnings and iguals now mule are inadequate, and they hope that he will see his way to issue instructions for the introdueion of a system on the lines suggested in order to meat the wants of both the shipping and shore communities I have the honour to be, Sir, your obedient servant,
A. R. LOWE,
*
Secretary.
HON. COLONIAL SECRETARY
Colonial Secretary's Oce, 10th January, 1903.
MERCE OF THE EMPIRE. Read letter, dated 12th November last. from the London Chamber of Commerce lavi ing this Chamber to participate in the meetings to be held at Montreal on 17th, 18th, 19th, and 10th August, 1905.
It was decided to reply that the Committee hoped it would be possible to send delegates to the Congress meetings.
CABLE RATES.
on the 4th of December last sme remarks of received from the same correspondent somo much valus and interest. We have since
farther remarks, as follows:
the execution of the Peace Protocol, they would Į unite to make the Chinese Government under- stand the peril of their present sitnation. The Chinese, from Grand Conncillor to jiariesha- mtu, are an eminently ressonable people, and
a question like this Until the Government do understand this and then use their reason in adopting, the only course that will got them out of their difficulties, attempts to reform the DEVELOPING AND PRINTING UNDERTAKEN. with the cape structure when the foundation is currency will be futile. It is uaoloas to tinker
so rotten that the while crection Lay collagro. at any moment.
THE WORLD'S GOLD
SUPPLY.
GOOD WORK. PROMPT R. TURN.
ACHEE & CO.,
WE HAVE AN][ESTABLISHMENT SOLELY DEVOTED TO EXECUTING Tho discovery of another Raud in South. Afries is still one more assurare that the
WORK FOR AMATEURS, AND WE HAVE LARGER AND BETTER FACILITIES "gald famina" so freely predicted a few years FOR DEVELOPING AND PRINTING THAN ANY HOUSE IN THE COLONY. ago is, to say the last of it, a long way off. Between 1865 and 1885 there was a rapid decline in the ontpat, and though this decrease was arrested and a fair increase in the Scares was show for aaveral years, Professor Suess, of the University of Vienna, firmly believed, on geological grounds, that the deposits of the metal were becoming exhausted, As the shortage had had the effect of wering the price of commodities, and as this had been going ba over since 1973, the professor's opiniou erented a considerable amount of uneasiness in the world of business, for it was felt that, unless ew large depreits were discovered, a financial and industrial crisis of a most disastrona ebamcter was almost certain to ensue.
Referring to the memorandum I sent to you on the 2nd ult. The suggestion I made was that the Chinese Government should -inaugurate-n coiunge for the maritime tradė of the Empire, by means of the machinery ready to their hand in the shape of the Mari- able to maintain a fixity of value with gold, time Customs; which coinage would be
because all duties on the maritime trade would have to be paid in this coinage or its equivalent The equivalent would include gold: it would be allowable for buy one to lodge gold with the Hui- kwan Bank at the fixed rate of exchange. The Haikwan Bank, however, would not undertake to give gold back in exchange for the coinage; thus following the policy of the Indian Government in 189 The feasibility of this idea is based on the fact that, by re-son of the successive treaties between China and the Foreign Powers ever since China was opened to foreign trade, the
countries, which is located entirely at the maritime trade of the Empire with foreign
treaty poris, can
be separated from the internal trade, and from the land frontier trade, in eo distinct a manner as would not be possible in any other country. The Haiwan tadi when minted must be of the weight and fineness as
weight, indeed, aliached to what the present tail weight. It would be a very Frofessor Suess said that the Germa Govern. inconvenient ecin, but that difficulty could be ment invited him to Berlin in 1894 to give a The nominal value tized as regards gold must be Conference then sitting. It certainly would easily overcome by coining balf-tael pieces. fall explanation of his view to the Monetary considerably shove the intrinsic value of silver seem, however, that Professor Suess's scientific to-day. As you suggested in your editorial knowledge played him false, for he gave his remarks, merchants might complain that the opinion to the world on the eve of an auprees. duties they had to pay would be increased by dentel increase in the output of the precious an enactment of this kind. This is absolutely metal. The value of the world's production in navoidable; and it is one of the difficulties zulie your 1894 was £36,750,160, but from that suffer by the change. But the advantage to the any earney reform that some people must entire trade in having a stable exchange would outweigh overy other consideration. The vital points of the idea are these:
much
of
for five years, the sum representing the worth point there was a remarkable upward tendency of the output in 1899 being £64,350,000.
Since 1359 there has, of course, been a decline in the total cutput, the war in South Afrien Ist,- There must be a coinage, No othor necessitating the closing of the richest mines arrangement permite a stable exchange within the world. The most entisfactory feature of gold.
the increase made within the last for years is that it came practically entirely from sources which have every appearance of being more or being worked in the Withwatersrand, for less permanent in character. The field now
instance, will in all probability be of great value for fully 100 years. This was not the case in Austraha and California half a century ago, when each of these countries was enjoying a gold hyon, for placer doperits are much more quickly exhausted than those in the gold is found in a matrix of quartz other substance, from which it has
The remarkable change which has come over to be separated by machinery and chemienls.
the conditions of gold-mining can be parily anderstead from the circumstance that, though match more than half the gold now produced has been obtained from buried veins of ore, at least nine-tenths--according to one authority of the output of a little more than 20 years ago has been found scattered about amongst the dirt near the surface of ground-that is to
2nd. The upit of coinage, whatever it may be, must be fixed as in other countries with in exchange value in gold. When it is fixed, the exchange value can be maintained, because the Customs duties can only be paid in that currency. "Article 11 of the treaty of Shanghai pro. vides for on Imperial coinage instead of a reight of silver. It will certainly be a long time before this is carried into effest, and even if that takes place, there is nothing in the article suggesting any idea of fixing the gold value of the new.coin." Our correspondent's proposition is this there shall be a silver coinage for all China, the Haikwan tael being the one used, and the valve or this tuel being fixed in gold. To assist this reform, all duties collected by the Imperial Maritime Customs, are to be paid in gold or its equivalent. This is a concession for which the Chinese have already acheil, but which has been refneed because "tis Bot so nominated in the bond." This is a valid argament ne far as it goes; but if it can be shown that this reform if there is no reason why the Powers should not
course, by vás nimous, and “there's the rub."
or
which
PHOTOGRAPHIC GOODS STORF, 17a, QUEEN'S ROAD CENTRAL.
FEW DOORS EAST OF HONGKONG HOTEL. Hongkong. 15th November. 1992.
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Leading lines kept in stock.
AGENTS FOR
from that source, Lut, so far, the real worth o
the unknown, there is no reason whatever to the field is a matter of speculation. Je regards suppose that the work does not possess many fields each quite as rich as any that has yet of gold in the future is a matter which the been discovered, and; on the whole, the supply financial work in general need not be parti- eularly apprebusive about.-S. Jaures's Gazette.
THE SIBERIAN RAILWAY. The Moscow-correspondent of the Standard, in a letter respecting this railway, writes:
she wants her railway for the niso for which it to fallit. The situation then is this: Russia was, like all Russian lines, primarily constructed postpones the opening of the railway at least until she is ready to speak with arms in her upon watters in the Far East, or use force. hands. The world must then accept or views
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The real weak points of this huge line from the Baltic to the Pacific are to found to be two crossed during several months; and, secondly, plores-first, at Lake Baikal, which cannot be
in Monchuria, at the crossing of the Ebingan Mountains, at present negotiated by means of a zigzag line over a pass. The tunnel through this range will hardly be ready for another two years.
Moreover, this turnel has never been put forward as an excuse for delaying the opening of the road. The eireum- Balkol line, which presents exception! en
beyond surveys, and may, thorofore, be left out gineering difficulties, has not yet advancedį
of the accent for many years to come, the more so as its cost per mile will be remarkable. Bad workmanship, wholesale peculation, dishonest Yabigu, officials, werk in Russis. They may be reckoned all factors in any public
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The SECRETARY reported that the Saperintendent of Eastern Extension and Great Northern Telegraph Co's. had issued consummated will be to the advantage of us all, y, in placer deposits. It is not that, years sidered - sufleleut in others. a notice on 20th December last advising senders SIR,- With reference to your letter of the of telegrams that from 1st Junnary the our unitedly consent to it. The consent must, of go, veius of gold-bearing ore stuff were not
rency eqnitale ut ifthe trans has been raised from 90.40 to $0.46, subject to further revision three months heoce, at which rate the tariffs for all telegrams from China will be collected.
13th inslaut, I am directed by the Governor to request yet to be good enough to forward for His Excellonry's consideration the replies of the shipmasters to your circular letter of the 19th of last Octolar.-I have the honour to be, Sir, your obedient servan',
The SECRETARY,
F. H. MAY, Colonial Secretary.
Honkong General Chamber of Commerce. It was decided to furnish the Government with the particulars required.
QUARANTINE AGAINST HONGKONG.
Read Government notification published on th instant stating that the Government of Netherlands India had declared Hongkong infected with plague.
*
CHINESE NEW YEAR HOLIDAY,
Read letter dated 8th instant from the Colenial Secretary suquiring the Chamber's views with regard to the proclamation of public hellings at the Chinese New Year.
The SECRETARY stated that a reply was sent en the 16th instant expressing the opinion that Be other day than Thursday, 20th inst., should le proclaimed as a public holiday.
QUESTION OF DATING AND FIGNING HILLS. OF LADING.
The CHAIRMAN stated that the revised rutos
were now published and the increase amounted to 15 percent, which would add a further beary burden on foreign trade in China.
MERCHANT SHIPPING CONSOLIDATION
ORDINANCE, 1580.
THE CURRENCY QUESTION, A
The CHAIRMAN vid that a reprint of the minutes of thespecial Committeo meeting of the 23rd ultimo dealing with this question had bean sent to each member of the Chamber, and he thought that, as the men bers had neither requisitioned a special general meeting nur made sny representations on the subject, the Committee might fairly take it the members
endorsed their views,
Another very valuable contribution to thedis cussion is bir. E. 8. Little's papers on subject which has recently appeared in our columus and which has now been republished in pamphlet form. His argument might have been advantageously abortoped, for there to much Introductory makter which is already universally accepted, and might have been
cannot
very cogent reasons why the line cannot be thrown open to the world, and either one is sufficient to account for Russian lesitation. The first is that Russia bas succeeded, as the utterances in Parliament of responsible Ministers could be led "bia fing" the world into a belief of the to show, in civilising influence of her advance into Oriental countries, and of the pleasure and profit to be derived in particular from this railway across
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66 JUST PUBLISHED-2ND (REVISED). EDITION.
THE
FRENCH IN TONKIN AND SOUTH CHINA. By ALFRED CUNNINGHAM. Sixty Ilustra. tions and One Map, Price $3,
known to exist is plenty, but that the enormous cost and diffionity of working a gold mine had the effect of deterring financiers from riking their money in what might easily prove to be Bu unprofitable venture. Gold-digging in the placers was a much simpler and cheaper maiter, and very naturally, it was preferred to the other means of obtaining the presions metal. It is is generally admitted by those who are omitted. He does not seem to be very clear engaged in gold-wining that the published two Continente, Europe and America wore pared to book onders for any specifications at in his own wind on the subject of the stimula fields are not correct, and that they are
statistics of the annual output of the different to exchange visits and goods over a new, Read letters in answer to communciation, tion of exports by the fall in silver. The fact below the actual facts. Every effort is made superior route: the trade of the world was more comfortable, quicker, and in every way from this Chamber from the Chambers of is, of course, that the silver prices of exports Commerce at London and Glasgow stating in Chips are fixed by the gold value of the beyond dispute that the workmen and other be abolished. But few probably ever stopped to prevent theft. but it seems to be to be revolutionised, and seasickness was to that the representatives ule would be brought goods at home, As silver falls in relation to employees tonnage to couroy a certain amount to consider what a Bussian railway really is. before their respective Committees for ern- sideration.
gold, more silver can be given for China's of the wastel to their owu packets, as it were, of necessity, most people's ideas are based on experts, and it is by this rise in silver the leakage from the mills of the Transvaal the experience they may have had, or heard of value, which seems to puzzle Mr. Little, being estimated at not less than 10 per cent. of from others, of the comfort and, all things that exports are stimulated; but this stimulus the whole. Then, also, in the United States, considered, good average speed on Russian lines. requires a little time to work; exports in Klondyke, and in Aastrolis there are many They are unaware that passonger trains rau to the finetuations of exchange. As a water to conceal their gains or do not take the trouble interests of freight trains. It is hardly too bo expected to respond instantly small individual prospectors who either wish at a terrible expense to the more important of fact, wherever foreign influence reaches in to report them, and thus the product obtained much to any that for every hour a Bussiau. Chino, everything ja, consciously or uncou by these men is not included in the tables com- express takes over a given ronte, a goods train sciously, valued in gold; the question is, how 10 piled by the statistician. It is not at all un make this, which is now the unrecognised, the likely that the actual output of gold is 20 were opened to the goods trafo of the nations may be expected to take a day.. If the railway officially recognised standard among the vast
per cent. greater than what statistics declara at present, usu Russian-built railway monoged KMBEZZLEMENT BY THE CLERK.
population which foreign influence is never
is to be. renched To the discussion of this question, The SECRETARY reported that, in accordance
by Russians, the first result would be universal The fields which at the present time are indignation and disappointment. Hid Russia's ON SALE AT LOCAL BOOKSELLERS. os we have said, Mr. Little's paper is a contri her of Commerce inquiring the practice at meeting, he had given the clerk, Mr. M. Hrefermer bas to legislate for a vast population, the chief sources of the world's supply for a
with the decision of the Committee at their last bation, but it is not a solution. The currency yielding the largest quantities of gold will be parition in Manchuris remained what it was a Hongkong vf signing bills of lading for goods Baptista, into custody on the charge of embezz for a large proportion of which copper, not considerable time at least. These are the Eand but, as matters stand now, the risk is too great. render the best description of the Southern
year ago, she would have cared little for this;
PRESS NOTICEB. "This volume places before the English of South Africa and Cripple Crack, Colorado The railway is built on Chinese territory under French colonies in the Far East that hus There are eight words, moontime, in Mr. E. (both of which are now capable of yielding about the provisions of a Treaty by which Chins may appeared.SHANDBAL MERCHEZ," pleading guilty the Magistrato had sentenced S. Little a paper indicating one step which must / £5,000,000 of the metal a year), together with tlfe bay in this valuable property even before the books on Tonkin, sacient and modern, but ** him to six months' imprisonent with hard labour, be taken before any currency reform can be Australian fields and those of Klondyke, team is caseleded. It may easily be surmised knowledge of things as they are there to-day, Many of us in the Far East have "read satisfactorily attempted. These words are: Alaska, and Siberia. In all these cases the work that if the commercial nations of the world, of what has been accomplished under M. "Given a proper fiscal administration of the of extracting gold in large quantities has with their firm policy of the open door, found Donner's administration in far from common. country." Until the Chinese Government can. been going on for only a comparatively abort Russia incapable of managing an important out to do, a very resuluble and accurate sketch be made to see the indispensability of engaging time, and, therefore, as has already been railway running through non-fussian territory, of the colony as it is at present.... Altogether, a thoroughly competent Western financier to mentioned, they are likely to be pro- means would be discovered to take the manage.this is a book to read," BANGKOK TIMES" investigate the fiscal administration of this duotive for many years to come, the major ment out of her hands, and place it in the care vast and rich empire and intro:luce order into ity of them for a century or even mors, But of those who better understand the working of THE BOOK WILL BE FOUND TO BE A COMPLETE the present chaos, all talk of currency reformi art from these, other fields now known to great lines for commercial purposes. The is only eating the air. There is plenty of ext are certain to be worked before very possibility may even be conceived of China, with wealth in Clins, and her past and future en long, and among them those at Lydenburg, the Banncial aid of the foreigner, entering into governments are not large enough to cause her Iransvaal, and others at two or three places in Russia is not anxious to provoke such a denou- gagements to foreign creditors and foreign Murchison, Klerksdorp, and De Kaap in the nominal possession of the line. Naturally, a momenta embarrassment if she had an honest West Australia and British Columbia, Con-ment, and a succession of postponements is aHE HONGKONG ICE COMPANY, LD, Diplomatic Body would and competent flacal administration. The sidering that Companies, with a total nominul very safe policy-of that Oriental brand of have now 40,000 Cubic feet of Cold be doing an capital of £40,000,000, have been floated for the which Russia is past.master. The other good be Open at 10 A., and 4 P.M. daily, Sundays inestimable service slike to China
Storage armilable at EAST POINT. Stores will to the outside world, if instead of spending Tarkwa district of West Africa, it is evident busy completing her military dispositions to
and purpose of working the banket reefs in the reason admits of briefer statement, Russia is excepted, to receive and deliver perishable goods their time on the discussion of the details of that many people expect an enorma ús yield secure what she has seized in the Far East, and
Read letter received from Melbourne Chan-
prior to shipment and stating that there was n proposui before thei to introduce legislation to suppress the practice.
This matter was discussed and the CHAIRMAN stated that in 1897 the Goueral Produce Brokers Association of London addressed the Hongkong Chamber in similar terms and a reply was sent that the Committee følt unable to take any active stops to secure any alteration of the system as carried on here, and at other porta in the East. It was eventually decided to reply that there is no regular prač tice in vogue hare of signing bills of lading for goods paior to shipment, but that in bases of argenry or necessity bills of lading are signed under proper guarantees.
FROPOSED PARCEL POET EXCHANGE
WITH U.S.A
The following letter was read:→→
General Chamber of Commerce, Amoy, 2011 December, 1902. SIR-I beg to acknowledge receipt of your
remanded to the 2nd instant, and on the prisoner Jag the funds of the Chamber. The case was silver, is the standaril
CHURCH SERVICES.
8. JOHN'S CATHEDRAL.
1st February, 4th Sunday after Epiphany. Matins (11 a.30-}, Responses, Tallis; Venite, Goodson; Psalms Wesley, Hopkins and Monk; Te Deum, Hayes, Ensell and Stainer; Benedictae, Havergal in E (7th E.); Hymns, 371 and 289, Kyrie, Garrett in E (57); Offertory Hyma, 82
Evensong (5.45 p.m.). Responses, Tullis; Palms, Purcell, Cooke and Tucker; Magni fiest, Davy in D (9th E) Nuno Dimiltis, Kelway in D (3rd M.); Hymas, 407, 450, at ₪ N; Vesper Hymn, 8tesne.
The auther has written what ho set
www.
GUIDE 10 THE HANOI EXPOSITION.
Hongkong, 17th October, 1902,
COLD STORAGE
[#776
Hongkong, 18th November, 1981.
WM. PARLANE, Manager.
[65