Page
COURT.
The May
HAZELAND (POLLOK RATE
ineer was chargedus t drunk and state
tion of his duty
how he found this s ik, lying nateep on WR Prays at West Point w very wroth, and got
laiugut
Leges, that you there nging to him. Wh
nd sons cigara in iz tre of no use and I thi defendant was under th
much so, your Worth led to be under the iz
jon very nufaitly trested supplemented his stols
#
JOINT STOCK SHARES. Mass, Vernon & Smyth say in their weekly share report, dated Hongkong, 15th May- Business generally has been very fall through- out the past week, and rates in some cases ahow
en former velue, declino BANKS--Hongkong and thanghais have. solt at 3670 and factor swall parole are wanted
figuson
London is nnchanged at £63. at this National continue in request at $254,
MARINK INSURANCE Union continue on offer at S. China Traders have been becket shares can be placed. Cantone at 960 and more have sold at the impered rate of $170 and sro is further request. North Chips and Yang- tazes are enquired for at
at quotations,
FIR INSURANCE Hongkongs are wanted at $316. Chinns uto la demaid at $83, ut which rato sales are reported.
Sarees-Hongkong, Canton and Macros have sold at $37 and are in further request et $271.
7. Indo-Chinos are again resiting atten tion and can be placed at 104 Douglasen
Star Forries (old).] continue on offer at 841. are rentable at $27; the new hune continues in request at $154, Shell Transports are weak
THE STRAITS CURRENCY.
REPORT OF COMMITTEE. GOLD STANDARD RECOMMENDED. The Report, Minutes of Evidence, and Eppendices of the Streits Sectiliorants Currency Committee (Bir David Barbour, Mosers. Adam son, Johnson, and Blain) is now published. is dated March, 1961, and was originally issued
THE BONGKONG DAILY PRIES, SATURDAY, MAY 16m. 1903
to
the whole number
petitioners, without expressing any views be adopted for the establishment of an inde- as to the sterling value to be given to the pondent gold standard in the Straits Settle dollar, expres the opinion that it is exmente. The first which we wish to mention is treply desirable that the legal currency of that of which the leading iden originated with s the Colony and of the Federated Malay Sub-Con wittee of the Singapore Chamber of the November G Under that propinal
1807. States should have a fixed relative value to the Commerce, and is explained in its Report" of British sterling sovereign. The petition repre seats that violent fluctuations in exchange a Straite Government would obtain &
unedollar
notes. This supply would very detrimental to the gogoral interest of the of 2nigs of small chuneminations, specially of
saffiejout to cover the Colony, that even if the contention that a' unodol
value stimulates a portion be dollar
of low
herican and British dollars circulating in of the trade of the Colony be granted,
have been which it is extablish tho gold mast without doubt be admitted thers
of obtaining thes Confidential-privied for the use of theure numerous interests which
projndically affected by the severe fall in standard. The o silver which has recently taken place, apd would ha tempomrily to substitute them for the Colouial Office,“
that it is the opinion of those of the peti-Mexican and British dollars as the curruf
the country, ant
and, luter an, ter
to exchange tioners, who desire a dollar of low valuar, that there must be some point at which the advantages daived from low exchange become distinct diandraaag, and that this point has benin pasa.
.
It
The report extends to 18 pp. nnd from it we extract the following as the more immediately important parta :--
The Committee were asked to make a report with reference to--
ot
intes
re theses
PHOTOGRAPHIC
PLATES, PAPERS AND CHEMICALS
EASTMANS KODAKS, FILMS AND ACCESSORIES,
DEVELOPING AND FRINTING UNDERTAKEN
A. CHEE & CO.,
17, QUEEN'S KOA), HONGKONG,
THE VICTORIA CYCLE EMPORIUM,
in probibited, that such dollars might be im lius in each cev of the strails Govorumenti ported for purposes of re-export, with the sane-
prescribe,
"(1) The expreliency or Mherwise of inmers and the Municipality of Singn- | mending the plan, we are not thought it COIDA has been issued in the Straits, and a
at thus eminal quotation of £1 ss. 1d. China" Tho practicability of making and Manils are quiet at $26,
EXTINERIES-China Sugars jaro wet kancel and can now he procured to a small exlout at 31 Lazons continus neglected at $12 sellers.
h the complaint-Mira
MINING-Punjcms are on offer at $31 cum 5. 56 gone, mine cigastell Jelebus can still be placed at $14. Raabs
everything gone.
ure procurablo at the reduced rats of $10.
eutirely your own ind ther was imposed.
STEEATID.
g, No Wa Sh. kry-old beard, failed to appear in
ent his bail of 23 fre en he turned op erbes at bis money was lost ecompound of the Central mally, desisting only in at a continounce of t ing further punishma
SAULT.
8. Ocean was fined $5
it the Criterion Hotel
leaded not guilty, bat
FAR-BIES KERS."
d to be one of the gang d whom we wrote the ožu itla stebling a buz fien the Canton Liver stata
14th inst
ge, but was found guilte faer of the boranda tuke
fet as the defendant
with the stolen propr
ad sentence of two monill
SPONDENCE.
ATRES AND PLAQUE FECTION.
OF THE DAILY PRESS,” Hongkong, 15th May, amused this moraing b awn my friend "Comma bytu quoque astoel- Feaknet, Terhaps I
um (and I don't feeler
* Common Sense "orénsol
ry in my sham and fut ars like Common Set bistook "ComTION BEESA" sk, if he will rend lds belie at it is open to the constru uiz, that, by his m ropean being the only in therefore if the China it would be for the besk
id not the Chinesa
other arguments an, 1: endly respect to bis con herile for more than pœlef adia'a example I could eComma Senese uce of that country
of which judging by to be blissful jganus
ames Hongkong and Cailw
Seneo will Jud te retard. Is it po
on being blessed with b
Common Sense inkesta
an with a self-compar
of a better and solder st possible that Canten d y be the plague-sapporlig
consider it a hardship to be life amid sanitary entrond historie practices modified by why do they foel la his Colony? Their
initial" causation" of the splendid British dogged the ravages of the dom squealings of a few schle withstanding Yours, Hè BCALLY WAL
AMER MOVEMENTS
erman asil steamer Shugark man Nails with data
April lett Singapor
and may be expected
97, at daylight
srwen mail atsamer
the 15thult, at noen, Birth
Glaume loft New
on the 12th Jork. amer Amuga Haru
gaanki for this port
ROCKS, WHARVES and GoDOWNS.-Home- kong and Whampoa Deeks have weakened; and after a small sale at $215 are new on offer at $214. Hongkong and Kowloos Wharves ste in the market at S without attracting buyare. New Away Decks manchanged at $40 bayers. Farshots heve hem bonked at T. 1871, and
rate, deen with further sellere at the te
LANDS,
HOTELS AND BUILDINGS.-Hong- kor Lunds were in strong request during the early part of the week, and a considerable De market has business was done at 5171
of
poro
[38
notes for coins of a new currency spial to the Strail: and issued on a gald basis. We have
THE OLD FIRM STILL LEADING, considered the details of the measures by which and on such condition as the Government might this could be carried bat us for reasons
Targs annount of subsidiory... Bifver 37 The Singapore and Penang Chambre given below, we do not say our was to recou
of it, approximately estimated by U NOTHING SUCCEEDS LIKE SUCCESS. portion favour a gold standard. In regard to the necessary to include them in this Report
LATEST! LATEST!! LATEST!!: troducing a gold standard of currency in the
56. 11
f the procedure above indicated could be Colonial Treasurer at 3009 dollars is in the neighbouring Federated Malay States spinion seems more 56. Straits Settlements and
to the
MOTOR divided. It is stated in the Governor's tehneessfully followed the question of introduc circulation side the Straits Softimante,
CYCLES, MAIL CARTS. plasing a gold standard into the Straits settlements the Federated Malay Stures and Johore. Some,
if not all of these coins will be returned to Malay States;
the gram of the 25th of Decemiser that the pluing a
I would be solved in than spedient wynd solved
Straite Settlements when a gold standard iRICK HAS FITTED WITH PNEUMATIC fers favour & gull standard and the Perak change aus the steps which in the opinion of winers also. Other miners in tls Fodorated in a form which would not inquss any cost established. But wo das not anticipate uuy TYRESAND BALL BEARINGS THROUGH
whether question heerious trouble from this cause If they are the Committes should be taken to effect, this Malay States prefer the existing silver standard the Governmeal
of value. A petition, vory numerously signed the general population would quirky accept stigned and put into eiretation in such OUT.
We are Sole Agents for the following:-- object if the change should be decided on,”
With by all the principal Pening Asiatic traders pole for coin throughout the entry is one in The letter proceeded to say,
what is known of India we have no hesitation
and if the subsidiary coin falls below its face MONOPOLE, FUTURE, CENTAUR, and in favour of a silver standard has busvli regard to the expediency of the change Mr. for a gold standard. A numerously signed regard to which was feel great Jaubt. From qualifies as do not cause the subsidiary coinsge
petition Chamberlain realises that the Committee may received by the Governor from Singapore, fein axing that no such plate could have value the tendency of such coin to ro uru would NEWPREMIER CYCLES.
cir could bus adopted in that mountry, and although cheeked. In the most mincourable
૧.
We have also in stock a large Number of not feel themselves in n'position to offer tal signatures bring almost exclusively Chinese
cumstans the diffenity could be mt by the 38. It is a matter of course that the ran the proposal was made by a Sub-Committee of advice on the subjet, but in that ewe be
who haya practical
Chains), including the trusts that they will be able to indicate the majority of the people concerned in this enquing the Singapore Chamber of Costurer, and Straits Government withdrawing a portion of
by other persons on the cou-supporal by are unable to support any lines on which further investigation should be elicatent question of the top of vairs j'experience of the count y, we consider that the f the >ubsidiary veins. zide locally inforo a final decision is come to"
COUNTRIER FALLING WHEN THE 20OPE
But the
CP
I
risk of its failure owing to the possible suspicien ani opposition on the art of the general native population is so great that on the evidenco before us we cannot remmend 114 adoption.
RECOMMENDATIONS.
by reass which wont stand examination. The fact remains that the majority of tha able to form an opinion appear to be in favour OF THE COMMUTTER'S ENQUIRY, 1. The Committed apprehend that in addi. of a change to a gold standard, the chist exp
Th Intfer, if we sept ton to the Colony of this Straits Bottioments, fions being tho banking countity nud he the scope of their onquiry eludes the Fede mining community. rated Malay Slates of Perak, Selangor, Neigri those in readpt of money wages, have probably Sembilan and Pabang, and iso the State of the principal gainers from the confinemsel to introduce a special Straits dolher of the Joliery. In the opinion of the Committes, it decline in the gold value of the dollar is desirable that the standard of value and the currency of the Straits Soulements and the be Federated Walny States shork continuo to identics), and they hold the sarees opinion with regard to fabero.
winkoard, however, and shares are now haziabile at $176, Kowloon Lands are on offer as S. West Points are in sine repest at with sellors at a slightly higher figure. 1ys Estates have sold at $124 and are still in fanand at the rate. Hongkong Hotels, owing to forced sales, feli rapidiy in the early part of the week to $143, but have since There already exists an Agreement be Treves, and are now enquired for at $147tween the Secretary of Style for the Colonies and the Sultan of Juhore, reguling the supply Chute Hotels can be placed ut $274.
of the subsidiary coins of ile Straits Settle Certos Minks. We have heard of no business under this head, al bare no clagements for use in datore, bat sitogether apar from the Agarment the Cmamite consider in quotations to report.
„MISCELLANEOUS.—Green Blood Cements that Johore should, un geral grounds. be tos with sales and farther inside in any sehune tintay decided on for the straits bettlements and the Federated Malay States, and this is in necord with opinion of the Tepescatative of the Salter and Government of Jolero in this country, who appeared as a witness before this Committes.
hiun Berners have declined to 811 buyers. eliers Watsons have sold at $15, and aro Tongker stil procurable at this figure. Electrios are on offer at S, (old) and $73 (new) after sales at those rates Ropes continue 14 request at St. Ives as he procured at $24 Chian Provilonts hary sold at 88,90 and continus in demand. Powells are on offer at 510. MEMO-The Star Ferry Co., L.d., ordinary yearly meeting on the 29th inglant.
5. The Committed havo horns that Sarawak is anxious to join in such a sebere, but they do not condder that any Colonies or States other than those already period fall within the scope of their enquiry.
|
5. The plan which neercommend is gru. same weight sul fineness the British deilar at present cumat in the East to be substituted There is no question that the Brits
for the Mexien od British dollars, the latter dollars being demone iseil as soon as the supply Settlemeus not the adjoining Malay Status have proved under a silver standard. Tride and exports and the growth of trade during being done with fy. Under this plon it will has grown largely. The values of the imports of new dollars is that to permit of this
Is are ssary for the Stmits to obtain a cons the last twenty years are shown in the Folkw. in Brares:
STRAITS SETTLEMENTS
Imports.
18/1 1801
281,500,00
$132881207
Exportst
$17,925,002 $1258:57:
SH10BSA JAF
FEDERATED MALAY STATES.
-1892
19,101.1
052184
alle
• supply of the new stollars, and as son en
to fall below its facts value no haru
NEWCHWANG,
ke dotis,
The Nowelwang correspondend of the Daily News, writing on the 4th inst sags The fong-hotel-for 8th of the 3 moon is the 4th soon, yet still this much-lespised little gone al we now find entretes at the Sth of part is held bynur gallant defendeca--for beyoud the evacuation of Monkden and less important have given is sign of their intended departure. torus to the North of that city the Russians The generally accepted opinion regarding the
this in revived, the new dolls Fald bo madol departure of the troops from Moakden and this full legal tande courrently with the Mexican | mal British dojars, and at pis shrub! To the port, and their return on the following day, in to put them into escalation. The first spudy that the mom was made simply to show the af new delays might be obtained (with the cini Chinese (who were perceptibly clated, to the seat of the Taling Government) by remitting point of checkiness to foreigners that de to one of the Indian Mint a portion of the crit roups cold and would darn whenever it
Commissioners to fir es of the Carrones $
pbased the authorities to send them, but this 560s-mend down drugerted into the new Serai į
Net recount for the fact that the press might be continue dans dellats, and the
gates of Monkdeu serve mat. handed over! natii practically the whole roin arve is con
It was found this firal eracinition of the city on thin werd into sex dollars. this was a slower proces than was desirable 11th atime; and the move in heading over
MAGIMPER 1882
63,107AM 1901 These valuations are ja Alver, but evin if the imports and experts for the years be valued in galt thus inerons is very grate Goverment combt consider the expediter uitspert antifrom a trade point of view centres Prosperity is overywhore apparent.
40. It ia contended that there would have beru titre same or greater growth of trade and prosperity ii a gold standard had be
Howey thuf ince for the last tou years.
be, we are of
ACTUAL CIRCULATION, 92. The actual eirenlation of the Stets THE "STAR" FERRY CO., LD).
TARAY Setterments, the Federated Maley States and The following in the report for presentation Johore at the present time is emposed of → to shareholders at the fifth ordinary animal. British, Mexican and Hongkong dollars yareting-to be held at the Company's office. The amount of Hongkong dollars still in is a small that it may be neglectal. rivelation No. 2, Connaught Rend, at noon on Wednes. It is impossible to form a reliabio estimate of the number of British and Mexican dollars day, the 20th inst
The directors has a pleasure to submit to dreviating in the Fett enests, the Malay Siates shareholders their report, with statement of and Jonore, but the Colonil Treasurer roughly estimates the amber si 30,000,000 dolars nefuels for the year čuding thith April, 1901.
This total, which is only put forward as a gass, ACCOUNTS. The next carnings of the bele, after paying indledes the specie resurco against the Goten all working expelas, were $12,971.30 as eiustment Note Ise and cash in the Ink,
1818 last year, being an increases of $11771.32
11. Subsidiary Silver Coins-The amount
1871 is 7,212,000 Gollers (nominirally. itsued It is estimated by the lezial Treasurer that of this mount 300,000 dollars is in Foreign Countries.
The amount at credit of profit and loss peccant, after paying for repairs and placing $7 to edit of insurance fund, in 942,2
TII. Susidiary Copper Coins.-The amount issted since 1877 is 1,987,500 dollars (nominal which, with the approval of shareholders, it is! presed ter appropriate as follows:-
IV. Government Note Issue-The most ...$ 1,000 Directors and auditor's feel
in eirenlution on the 19th of December, 1902, was 18,000.00 Dividend of 12
42 per cont.
5,000.00
19.3340 dollars. Against this, 8,714,535,75 dollars was held in coin or the samo dale. 1,080.00
V. Bank Notes. The verage moulily circulationin 1501 was 3173.753 dollars. The 1,500.00 15.000.00
figure for 1902 is not yet available. 337.05
Write off boats
39
goodwill
turnstiles-
201
Ice Houss Stres pier Transfer to reserve fund ... Carry forward to new account...
500,00
$42,317.06 The old beata Bening Star pad g Star have been sold The tivo double- running atisfactorily aders have been- throughout the year.
INSURANOG TUND. The directors have desonel
it expedient to open 8 insurance account, crediting samo yourly with 3 per cent.
the book sale of the boats.
:
DIRECTORS. In accordance with the Articles そば Agotiation Mr. A. J. Raymond retires but
ellers himeals for re-election Mr. D. N. 31oses
HISTORY OF THE QUESTION.
THE EXPEDIENCY OF CHANGE.
under existing conditions, to maintain the adver
standard or to changes to a gold ons, and the
บ
any such
6
Ulre
ц
1.5
Deeganang pergesen,
Government, and
bir
American first-grade Machines (Chain and
CLEVELAND, CRESCENT, WESTFIELD, Sto. Oær branches of the business conducted us PRICES. usual. GREAT REDUCTIONS IN
Videst crede.”
Intending purchasers aro cordially invited to
QUEEN'S ROAD EAST.
MCKIEDY &CO. visit sur Stores and Workshop, 43 and 5.
Storykamp, 7th May, 1943.
D
IRECTORY
ON SALE.
THE
AND
FOL
{1395
HRONICLE
SIAM, STRAITS SETTLEMENTS, CHINA, JAPAN, COREA, INDO-CHINA,
MALAY STATES, NETHER. LANDS INDIA PHILIP
PINES, BORNEO, &c.,
WITH WHICH ARE INCORPORATED THE CHINA DIRECTORY
AND
THE HONGKONG DIRECTORY AND HONG LIST FOR THE FAR EAST
FOR
1903.
THE FORTY-EST ANNUAL Issue,
wwvidently un set of reassurance intendid ta of punitucetely with the arrival of Med the sick of the present deals nad
ateity
Le first supply of the new dollars and with the terrorise the Chinese to requiescines
thes The CHRONICLE and DIRECTORY, al- otai waking of them lygai uder, the import of un
Sun, thy tai of this port, nominated by Russian Military Governor in Mookden and a though printed in salior type than formarty, Mexican and British, duflas she the tra
fuel in
in his hands, is sittingly delaying and condensed in every possible manner, cou- porarily prohibited and the expert of this new dollars shoull also be prohibited. As there is
of thes Royal Gelavo-Compte with Fourteen Maps Russiaus, it is said, has bei instrumental in nad Plans, pp. 1,574 $9.00. Directory only
1,179, 85.00 orinally a large import et lexican and British his clanners of proving be capability to his tans very year more piges.
tham, we think it likely that when their
stations and by raising the taxes on all imports dolars into the Strats, and anksequent export import is prohibides there would be a tenancy sruling the port with a cordon of lekpP.
idable drain of these and Lxporis attempting to divert this true to 1 is published at the Offer of the Hangkong
That Delay, where no fekit is levied, would be tient sout through from the Straits Settlements and if this here of her outlet, white little voices whisper Dudy Press, and can be had from, and Adver
a very desirable point from whicks to comlet HosGKOK.Daily Press" Offics business
ItorGRONG...Messrs. Kelly & Walsh. Ld. HosAKONG...Blesers. W. Brewer & Ca
sovenign
イ
.." Hongkong Daily Prass" Offco,
17, Pint Street. E.C
Mr.
F
Algar. 11, Clement's Lane
Messrs, G. Stroot & Co., Ld.,
30, Cornhill, E.C.
Messa G. E. Puel de Lobel & Die, Rue Lafayette GESTANY...Messrs. Mahlau & Waldeschmidt
Frankfurt a/M
UNITED STATES: Mr. A. I. Hori, 25, Post Office
Aveune, Baltimore, Ma
MANILA
.
Garden & Gotch Messrs. Gordon & Groton Mesura Gordon &
Gatch
Thacker Spink & Co.
of Ludin Office Messrs. A. M. & J. Ferguson Messrs H. M. Van Dorp & Co. Messrs. Graben &
Co., Lil.
Mesers, Kelly & Walsh, L.
Mr. E. L.
Wonalin,
Bangkok Times Messrs. Kloss
Sandakan
Office.
Besar, Phalas & Co., Hanoi Mr.J.deLoyzaga
El Comercio. Mr. A. A. de Mello Mesura, A. S. Watson & Co., Ld. Yuen Cheong Book Store Messrs. A. S. Watson & Co., T. Messrs. A. S. Watson & Co., Ed.
& Walsh, Lal. Moss, Kelly & SHANGHAL.
1. W. Brewer & Co. MCESIR SANDUAL.
Blesst
that there be a point of which the advantages said tha derived from a low or filling exchange ease, and distinct disadvantages are experied As the delar has row failey in value fav 4s. 2d. 10 about Is. 7d., the time bas er ut which there interest which y confinsly
tuless it should dullas are herly supplied, the change of rug unffered from the fall ouy fairly daim to be protected from further appear that the disadvantages of nipling the money might be "er zapletent without any great
50. When the currency is se, lagely cou
An appeding telegram hom the South was Duressary remediai mesures wonkl utseig delas
show mely a Chimay yesterday requesting LOBON 41. Flucuation in exchange is undoubtedly posed of the new dollars at ustify the
the Mexian and British dolla
him to preserve the sender'slong and to inferu community gene the benefits to be derivel therefrom. a grave disadvantage
him whether it was safe in Newchwaug. Can Lospon It introduces an plenant of speculation should do, Badly demonised and the Strai
which Endia was when the change of standard of war, and perhaps the most amusing giver
the low premium Pais which costly interferes with legit male Settlements would then ins in the position is of the many reurons for the nadebted advrat Lospo
was undertaken in that country, with, however.
" by the Chinese southsayers,
robles, with which the Russia are will not de away eth this evil, but will caus Lusin. The introduction of a gold standar
the very inqertant advantage kat He would sot be in eurous proportion of the new is supposed to be fending the market pending The trade for it from the trade with yell countries, the trade with silver countries,
or circulating in ither hourd
for their forced departure (for there is little doubt with gold conuries, however, is much larger
which might. in big town in i foku's wind that pressure will be brought to thna that with silver cuntries, as will be sma
countries Wintély delay tim crtablishave?! [bar), when the notes will be practically useless! circulation, the Singap
SAY FRANCISCo L. P. Fisher's Advi. Agency. 13
standard from the figures supplied Chamber of Cominere (Appertis
21, Merchants' Exchange. California St. After
profit as compensation for vai- considerable
CAPE TOWN Mcess, Gordon & Gotch quished Logas. The disproportion in favour of tracks with of the stock stars its Setements hit reived and the fussini Clovernment thershy derive
ti russ at ladia, deafer Notifications in Chinese have beci jened to SYRSEY countries will be increased by the recentaddi-at this stage, the procedure might be exactly tion of Siam to the list of got countries, and the same as was in
the effect that the troops will have rite practica MELBOURSÉ the probable addition in the near future of this sufficient Straits dollers had favu reinual to meet The Heport recapitulules the history of the Philippines. The same coure may be followed thus requirements of business in the Colony and cousiferation of a gold standard for the Straits other countries with which the Straits are the adjoining Etta the coinage of dollars on the north shore and that the information is BISBANT: in comercial relations, and which now employ worki grase until the exchange sale of the published for the benefit ufutives who may be CALCUTTA been given for the re-collon of the house tax, COLOMID
iR now again BATAVIA... Settlements, dating from the year, the silver standard, but we ses no prospech 61 dalier has reglad whatever alts in relationarea at the proceedings, but ne reason has BOMBAY PESANA mate in China; and the when the Indian mists wore closed to the free
places imediately adjoining Unu mutry, beter og Bight be decided on by the which way withdrawn sul
It has been mentioned at the Powers are SINGAPORE ilotlar. Ailer this stage is reached the Straits demanded coinage of silver.
which dopend largely for their prospecty on
dollars in Government would issue the new
up to look upon the intrinsic value of an- BORNEO
wi, but it is no secret that BANGKOK CIM charis same exchange for goll, and at the fixed rate.
practically 33. The question at issne is whether it is their trade with it, will consequently have a
4. When the gold standard is established, the country is one of the richest in mineral AKION better for the Straits Settlements and the neigh-strong inducement to maintain the
42. Allough the aggregate of the trad with it world out housessable that any god wealth known; here the anxiety of the finiaus TONKIN bouring Malay States at the present time, and standard of value.
But the Government should these is, if adequately worked, will, without MCAO China and other silver-using contries is uses should be legal te in the Colony to have the sole privilege of working mines, and
be prepared not only to give in exchange for a doubt, prom to be all they are said to be. Wer CANTON has been represented to us that the number of b standpoint. Committes bite endeavored as far as possible ler in suonot then that with gold countris, it and the States.
ik equivalent to sovereign, - bul
prospector and cuminercial agents throughout AMOY to treat the matter from a practical
larger, and that although the existing evils after sterlare equ Designed a leaving the Clony and bis place In this now we have considered such papers } transactions with the silver-using countries is į suvereign such unbuz of Huilars as are Juce the Powers to insist upon the right of sending SvŁTOW
the
standard, at the same cats, so long as gold is available, comparately naknown would very soon be gold well as of the commer-operations by would not really be redunt?
adoption of
brenght to the knowledge of all. Gr to give bills on the Crown Agents in Louisa appointment requires con correct view of the ecraoinic position of beaight be transferred to a diffemat siass of also to give sovereigns in exchange for dolbrs the country. the wealth and value of a larel | POCHOW
Straits Settlements, as
43. An important consideration is the dili- based on the fixed rate of retango.
62. The above method would be rather How cial and mucial relations of that Colony with their
sador present conditions of obtaining the neighbouring States.
4. We have also exteined a number of enity
but it would be a witnesses, most of whom have had a poronal capital from gold countries. The Straits Go in oporation and wond involve some, theagh We perfectly safe, and we believe, sure method of experience of the modes of conducting business prezent have now no debt and the Federatsi apt very great, expenditure,
Malay States have no external duh in the Straite Settlements and the Fast gen
ΔΟΝΑΤΟΣ, hat understand,
that the Straits Guvern stablishing a gold standard, involving no tisk erally. These witness re not unanimous, nt are contemplating the raising of lonus and venting the minimal of disturbance,! the
works. This capital while we do act anticip to that any very serions majority of them are in favour of tho
public establishment of gold stundary. The Com for important mittee inve tried to make their list of witnesses cannot to found locally except at high rates delay would occur before the gold standard be standard becomes effective is unduly pro fairly representative of the different interests of interest, and if a gold loan be mised in cumo effective. If the time within which the
fall
the matter might be expedited by concerned, but, but from the nature of the case, Lo the witnesses we have examined have represented addition burden on the Straits Government, rather the class who are in close connection both regards payment of interest and
dollars after the establishment of a gold stan. restre, the Responses, Tallis: Vonite, Crotch; Panime with this and other European countries than repayment of capital. The same difficulty will think that the profit made on the esinage Smith, Wallace, and Nimbault; Te Deum, the natives of the Straits Seltlements au-l the be foured by this Municipality of 5003 dard shonld be set aside n
whole or With rapidly developing countries such
xxarities. invested in the population,
Robi Garrett in F(91); Benedictus, Hopkins in C adjoining Malay States, or the Chines who who are about to raise a loan of some
se large a proportion
6. There remain two matters on which we Weeley.
the establishment of gold standard could desirable to encourage the Investment of Holy Communion (12 moen).
1669 and directly effect in an injurious manner the wage pean capital, and the absenes of fixity of think it expedient to offer some observaticus. Kyrie, Hopkins in C (73), Hymas,
earning classes in the Straits Settlements and exchange with Western countries andoubtedly It has been represented to us that the trale of the Federated Malay States, and we are disposed discourages such investment, and may also the Straits Settlements is accompanied and
exclude British mal other European facilitated by a largo import and re-export.
and it is feared that that trade silver dollars, Evensong 1545 p.a.). Responses, Tallis Palmas, Hayes, Wood.to think that such a change would, at any to tond
44. The gold obligations of the Government might be injured if either the import of Mesi
it are heavy in connection with the pay of their can and British dollars were prohibited, or ward and Meal, Magnicht. Matthews in for a lime, have the opposite effect. These tradors. (6th B): Nane Dimittis Turlo in F(6th E): classes constitute themajority of the perso
staff. They have now placed all the higher Mexican and British dollars censed to In the Hymas, 143, 527, and 179: Vesper Hyun,interested in the waller who have not bema
that the prohibition Ward (No. 1).
desire to point 16. So far as the European community as efficiels on sterling salaries. The pensions of legal currency As regards this matter we
gation. concerned there cau to little doubt that whores retired officers involve a farther gold obliga
The recent fill in the gold value of silver, of the import of Mexican and British doi 45. were divided in opinion in 1907 and
if the to
and previously, they are now nearly unanimous in not ealy, aggravates the previously existing lass would will be a temporary mesure,
that simultaneously the exchange further fat our of change to a gold standard, The difficulties, but may give the
Government and of private person arrency world provide a supply of Morient We are British Cullen more then satiriant te mest Committee have esivedi representation to dificulties of the same eluss both in the caso ofer special Straits dollar for the existing
d on Beurrency should be
is with Asto gold
dition signed almost all
tall unwilling to express any opinion. The evidence by as little delay
Strails garen before na by Mr. Pixley in terting of the exchange, and on the
Mexican dollar. and the Sims and
country
spiate fall of any flagustaden Fof importation wood be withdrawal and Settlements represented in
further
British delers might continne amexican
and experied us merchandise And it
Las been taken by the Hon. Sir C. P. Chater, and documents as would issist us in forming a CALG,, whose firmation. *
AUDITOR-Mr. W. H. Potis has audited the Hints Low presented and offers himself for
N. A. SIEBS, Chairman, Hongkong, 15th May. 1998.
realection.
CHURCH SERVICES. ST. JOHN'S CATHEDRAL. May 17; 5th Sunday after Easter.
• (Regation Sunday). Matius (11 m.).
London, a
in
exchange may impose ang restve, and in any we
لان
(ist M.); Antliom, "Blessed be the God" (60) | torn se ne resson, bowever, to think that Straits and the Malay States, it is tehty desirahy portion of it being, if thought:
142.
ST. PETER'S CHURCH.
Queen's Road Weit
Matins 11 am)
85.
fully represented before us.
Bare-
out
dietan, Turk prio, Hrmas 8. Sergop. 17. the shoot that it is stolutely essential that the the 5the future gold value of sitter he wants of trade, while after the completion
Venite, Battishill, Te Deum, Russell Boue
Holy Commation (19.20)
Evensong
Hymns, 55, 531,
Crewn
18
a
•Cómpat or on and shows that theco pre nOTEZSODE TO SEE THE
tween 9.15 and 10,30 has alu been forwarded by in Governor signed
$
* state of matters-iz-the
The Church latach Dayspring calis on thing the Contiment (bankers excepted poller witnesses have expressed the same to tempore the trille of the traits carrying white a fan- föund 6 tru! (Kowloon by Europesz" and those intrecere fins a appears to 19, 4A good FTO get 14% in any
oxia unfrequently, teen followed by with to the 1) to Iruz frianda ashore ndaries, whose homesare in countries with gold ]: ***
ever, it might be well to provide what the Anevezing Peunathaeal flag All the also by a number of woulthy and sofial unexpected fails in gold value, and the future quin To allay possibe apprehension, how 35. There are rarious methods which might general import of Mexican and British dollars sittings are free and appropriated. Strangers Chine, the revenue farmers, shipmesters, must be admitted to be quite uncertain.
banks, merchants and landowne. The i cordially i invited. Sunday School 10 am
am, and between Police Pier
TRADE
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at the London Office, 131, Fleet Street. 141 Hongkong, 1st January, 1908.