Page
NAPIER
PLASMON is the Best part of Natura's Best Foods MILK, and increases the food value enormously...
Lancet.
tő times mere Mutritioun
*COOOR.
DELICIOUS. DIGESTIBLE:
PLASMON
COCOA
Of all Chomists, Grocers and Stores.
Plasmon, Limited,
London.
THE HONGKONG DAILY PHRSE, FRIDAY, MARCH 11тa, 1910.
THE CURRENCY PROBLEM
IN CHINA
PAPER BY ME. 1. H. PARKER.
At the meeting of the Manchester Statistical Foolety on February 9, Professor E. EL:Parker of Manchester University, read a paper 02 Chinese commerce, banking and economics, Professor 8. J. Chapman was in the chair.⠀
⠀ In the course of his remarks Professor Parker said that Manchester merchants will naturally be more interested in cotton goods. than in anything else, and it is therefore sad to have to record for 1908 a decrease in „valné of Tis. 8,000,000, which soun (had the taal been valuqu za highly in 1907) moans Tis. 18,000,000 from the British manufac- turore sterling price and quantity point of view Bilarly, woollen and cotton mixtures declined by one-half in quantity, and by Th 1,100,000 in value. Woollena declined in quan tity only, but not in value--Le, the Chinaman 305-4 had to pay more alvor for the same sterling (value, “The misfortunes of Lancashire, on the other hand, are the triumph of China, for the
JOHNSTONES' THE SWATOW DRAWN WORK Co. Shanghal yarn mills in 1908 distributed
174, QUEEN'S ROAD CENTRAL
Avast quantities are now being pressed and packet
"SQUARE BOTTLE"
WHISKY.
BEWARE OF
SF
IN 1745.
UNVARIED FOR
THE SAME TO-DAŤ
150 YEARS.
IMITATIONS
SOLE AGENTS IN HONGKONG:
LANE, CRAWFORD & CO.
and from ALL WINE MERCEASTB. [46
AUCTIONS
BY ORDER OF THE MORTGAGEES, PUBLIC AUCTION.
M
TESSRS, HUGHES & HOUGH have instructions to Ball by Public Auction
On MONDAY,-
the 14th MARCH, 1910, at 12 o'clock Noos, at thair AUCTION ROOMB, No. 8, Des Vau
Bosd (Corner of Ice House Street), VALUABLE LEASEHOLD PROPERTY IN TWO Lors
Nos, 20 and 21, PRAYA KENNEDY TOWN zud
Nos. 454, 456, 458, 460 and 462. DES VŒUX ROAD, WEST,
VICTORIA, HONGKONG,
The Property comprising LOT L registered in the Land Offee as MARINE LOT NUMBER TWO HUNDRED AND SIXTY-THREE, and is held for the residue of a term of 999 years from the 24 June, 1887, at a Crown Rent of $135 per annum, Area 12,235 square foot or thereabouts, and is used for Godowns capable of producing a monthly rental
-of $500.
AND
The Property comprising LCT II is registered in the Land Offe as SECTIONS A, B, C. D. ad E or MARINE LOT NUMBER ONE HUNDRED____ TWENTY-SIX, and is held for the residue of a term of 999 years from the 24th December, 1865, at an apportioned Crown Rent of 878.30 per annum, Ares 8,620 Square feet or there. abouts, and is used for Godowns capable of producing a monthly rental of $440.
Particulars and Conditions of Sale may be had from the Vendors' Solicitors.
DEACON, LOOKER & DEACON,
1, Des Voeur Road, Central,
Tietoris, Hongkong,
nad also from
The Apetioneers.
Hongkong. 5th March, 1910.
SPECIAL SALE
BY
PUBLIC AUCTION
OF
1368
HIGH-CLASS JEWELRY
DIRECT FROM LONDON.
To Sell by Public Auction,
HE Undersigned have received instructions
On SATURDAY,
the 19th MARCH, 1910, from 10.45 A.M. to 12.30 P.M.,
AND
ON TUESDAY: the 22nd MARCH, 1910, at 2.30 P.M., at their SALES ROOMB, No. 8, Des Voeux Rond, SINGLE STONE DIAMOND HINGS DIAMOND and RUBY, DHERALD, OPAL, TURQUOISE and SAPPHIRE RINGS MARQUISE RINGS, GENSET RINGS, GOLD and GOLD-FILLED BANGLES and. BRACELETS, GENT'S SOLID GOLD and GOLD-FILLED WATCHES and ALBERTS, DIAMOND TIE PINS and STUDS, LEVER WATCHES.OPEN-FACE WATCH by Benson (cost £25), 18-Carat GOLD WATCH by Dent foost £40), GOLD- WATCHES, FILLED REPEATER WALTHAM WATCHES, LADIES' GOLD and GOLD-FILLED LONG GUARDS, NECKLETS, BROOCHES, CHRONO STOP WATCHES, NON-MAGNETIC WATCHES, SILVER-BACKED COMES BRUSHES and MIRRORS. CIGARETTE CASES, GOLD-FRONTED LINKS
GOLD-FILLED und STUDS, GOLD EARRINGS BROOCHES, HAT PINS,
BELES SILVER
FIELD GLASSES, SILVER-MOUNTED SCENT BOTTLES, &o, &c.;
AND
and
A few Lots of E.-P. NICKEL SILVER A1 Quality TABLE PLATE and
CUTLERY;
ALSO
SUNDRY IRISH. LINENS. Catalogues will be issued. TermsAs Usual,
HUGHES & HOUGH,
Auctioneers.. Hongkong, 9th March, 1910.
M
ANUFACTURERS of the best quality
Hand-made Drawn Chinees Linen and Grass Cloth. All kinds of Silk of best quality Canton Embroilory and Chinese Laces from the latest French Patterns.
Hongkong, 25th December, 1909,
SINGON & CO.
1432
TRON STEEL, METAL and HARD
WARE MERCHANTS. Wholesale and Retail Ironmongers Pig Iron and Foundry Coko Importers. General Store keepers and Shipehandfors. Nos. 35 & 37, KING Loore STREET, (2nd Street, west of Central Market) Telephone No.515,
[583
83 per cent more yarn In 1907, and
in Shanghai, shipped to Dalug, and thenes taken by train straight to Moscow. As recently pointed ont by Mr. Morston Frowin in the North American Ree, this all means that the yellow races, if they persistently hold on to a silver currency, will soon hare na industrially at their mercy. The silver dollar (exactly the same in intrinsic value as the American silver dollar, which has the conventional gell value of 48 2d.) is only worth between 1a. 6d. and 18. 9d., and past two years silver has fallen from 25 to 30 per the fluctuations are so great that even during the
cent in relation to gold. This means that instead of paying the Manchester merchant 310 silver taele for £100 worth shirtings, as in days of yore, the blacky Chinaman has now to pay Tis 77 for £100. No wander that firat the Bombay and Hooghly cotton mille, than the Japanese mills, and now the China mills spring....
A LING & CO..ng up in every direction threaten to sweep
19, QUEEN'S ROAD CENTRAL,
FURNITURE AND PHOTO GOODS STORE.
Photographie Goods of every Description Tu Stock.
Developing and Printing Undertaken. Hongkong. 31st July, 1907
11327
EW CARTRIDGES.
popular English Manufacturers. all Bores and Bises.
Lancashire trade off the Eastern sÉIS,
STERSHIRE
Sixty or seventy Chinog, men and wo men mixed, can be hired for the same sovereign which pays only from four to Bix English milf bands for the day. No wonder there is talk of the American Steo] Corporation starting rolling mills in Shamisi, which the Poking Syndicate has just abandoned under "rights recovery! prossure; just as, again, the boot mille of Cawnpore have begun to cut in upon the British and American leather industries. A great future some to lie before the Hanyang Iron Works for the same reason, whilst the coal and poke industrios of Ping- stang in Kissgei province show sings of very great activity, even exporting doko abroad. British firm has tentatively speculated in theset exportation of clean, nice-fed Chinose park In from Hankew, and; however much wo may rilicale the speculation, it certainly in a very striking sign of the times. I do not profess properly to understand currency questions, but, so far as I can see, China's safety consists in maintaining a silver basis, and in keeping the THE STORY OF AN HISTORIC EXPEDITION standard of living as low se possible. Even the Japanese are beginning to soo, despite their gull currency, that their tras economic safety Tus in the simplicity of personal wants. The saying, Man needs but little here below," acquires new weight when applied to the restless luxury of our Wastern social system.
Concerning Chinese banking, Professor Parker said that in pripoiple it was very much the same as our own except that larger proportion of the Chinese business was done in exchange pure and simple. The frue currency of China was not silver in any form, still less
SMOKELESS FOWDERS and CHILLED SHOTS. From No. 10 to 8890. st $6, $7 and 87.50 per 100, SPORTING REQUISITES and AIR GUNS in Variety.
Inspection Invited.
WM. SCHMIDT & Co
[1314
Hongkong 26th October, 1906.
AUTOMATIC BROWNING POCKET PISTOLS.
CALIBRE 7.65 10.10. With CHAMBER for 8 CARTRIDGES FIRING & SHOTS in 2 SECONDS,
SIEMSSEN & Co. Hongkong, 6th March, 1907,
£38
AS SUPPLIED TO THE HOUSE OF LORDS AND HOUSE OF COMMONS
THORNE'S
OLD VAT
ČERIE WAT WAS STARTED BY THE LATE ROBERT TIDIES, OP GREENO EN AND HAS DZENSOLD AS No4 BINGE UND
SCOTCH WHISKY.
SOLE AGENTS IN
HONG KONG, CHINA & MANILLA, AS WATSON & COLTO..
CHAPOTEAUT'S
MORRHUOL
Superior to Emulsions or Cod Liver oil.
Each tiny Morrhuol capsule re presents the medicinal value of a teaspoonful of oil.
Recommanded at the Paris Aca demy of Medicine, for loss of appetite and flesh, to patients with consumptive tendencies."
Sold in bottles of 100 Capsules.
Wold by all Chemists..
108.5
joints of
PEARY'S NARRATIVE.
TO THE NORTH POLE,
Commander Penry, describing in the Febr ary number of Nash's Magasine his journey to the North Pole, writes.
As we steamed steadily northward the nights grew shorter and shorter and lighter, lighter and lighter so that when we crossed the Circle, soon after midnight on July 26, we were in perpetual daylight. I have crossed the Cirole some twenty time, going and coming, so the fine edge of that experience has been somewhat
bronte coins strung together gold, but hard dulled for me, but the ratios tendorfeet among | hundred so as to form a full string of a thou my party. Dr. Goodsell, McMillan, and Borup, were appropriately impressed. They felt as one sand. There were several varieties of cash of feels tu urossing the Equator the first time- different values, and hence, in spite of the activity that it is an event. of trade, in spite of the introduction of railways, of scientifia mining and innumerable new le dustries, the economic condition of the laboarious masses was more precarious at this moment than ever it was, and alt trade transactions were in state of uncertainty. The obvions remedy was a radical reform and standardisation of the currency. But far-reaching and injurious though all this petty tangia of copper "cash payments might be, it was nothing when compared with the huge system of hoons pocus carefully nurtured by the Brst-class banking element who juggled with tools and dollars every day.
In the discussion which followed the reading of the paper Mr. R. J. Kerr saldu grave danger to Manobrster's trade with China was that Empire's indebtedness. The millions China had annually to pay to meet her Ican obligation were bound to come out of trade. She could only pay by means of exports, and until she could increase her exports she could not take larger imports.
Mr. G. Eckhard and Mr. B. Ellinger, thought Professor Parker had taken to pessimistic view of Lancashire's trade prospects Lin China, Mr. Eckhard said that all goods offered by Japanees agents in Chinaware not of Japanese make. Samples had been sent to his firm which had proved to be of Lancashire manufacture. Mr. Ellinger said the ez port of yarn from China must be excep tional, and was probably due to the very low price of silver and the very high price of American cotton.
LORD CHARLES BERESFORD AND THE ADMIRALTY.
VA GRIM JOLDNEY. "Several hundred miles beyond the Arctic- Circle we came to a most significant point in our upwards journey, marking as it did the grimness the task before us. No civilised mane in this North without bie grave havdeep meaning for those who come affeus; and constantly, as we sailed on, those voiceless reminders of heroic bones told their silpat but powerful story.
At the southern limit of Meirille Bay we passed the Dock Idlands, where is the little graveyard of the Scotch whalers, who wore the pioneers in forcing the passage of Melville Boy and who diut there waiting for the ice to opon. These graves date back to the beginning of the nineteenth century. From this
point on the Arctic highway is marked by the graves of those who have fallen in the terrible fight with cold and hunger. These mounds bring home to say thoughtful person the meaning of Arctic exploration. The men who lie there were not less courageoną, not less intelligent, than the nienbers of ray own party; they were simply more unfortunate.
We reached Cape York on the first day of August, Cape York is the bold bluff headland which marks the southern point of the stretch of Arctic coast inhabited by my Eskimos, the most northerly human beings in the world.
IMPORTANCE OF THE ESKIMOS. These Eskimos ars of the most import- aut tools in all my programme of Aretic work I have been able to utilise thou as no explorer ever has before. In the light of recent events I have sometimes wondered if the mission of their life on earth, having lived for generation after generation isolated in that Ittle Arctio
The First Lord of the Admiralty recently discovery of, was not to assist in the
sent the subjoined letter to a correspondent who naked if the whole Board of Admiralty were satisfied that Lord Charles Beresford's stat ments at Dartford concerning the Navy had no substantial foundation: -
the Pole
Cape York is about 76deg. North. Arrived there, we were still farther from the Pole in actual distans than New York is from Tampa, Florida, and immeasurably farther if one con- siders the difficulties of travelling.
WEATHER REPORT.
Ahead of me lay roy dream, my destiny; the "Admiralty, Whitehall, Fab. 10, 1910,
goal of that irresistible impulsion which had "Dear Sir,-1 return you the list of state-driven me for twenty-three years to lind myself, ments made by Lord Charles Beresford. With time after time, against the frigid No of the the exception of the lost all the charges he Great Norths. makos were the subject of investigation by a sub-committee of the Committee of Imperial Defence, over which the Prime Minister presided. The investigation was most exhaustive und lasted for many wooks, and at its conclusion the committee decided that Lord Charles Beresford's charger were devoid of all foundation The whole Board of Admiralty are quite anticed that Lord Charles Beresford has ne ground for his allegations.
The last statement on the paper, relating to the Invincible, je mere nonsenso. The Invincible has fired her guns, cap fire her guns, and would be able to fire har gans if, unhappily, there
should be war
youre faithfully, "REGINALD HeKe The correspondent submitted the following list of charges, which he attributed to Lord Charles Beresford:-
(1) That we are in danger; (2) that we have no organization for war; (3) that the Fleat and its discipline are disorganized; (4) that every body is more or less in a state of irritation; (5) that our trade routes are in danger through the serapping of ships; and (6) that, if war come, the invincible would be ordered to the dockyard because she could not fire her guns.
The Hongkong Observatory yesterday issued the following report -
On the 10th at 12.15 p.m.-The barometer has fallen moderately over E. Tapan and the N.E. coast of China, and risen slightly over W Japan, the S. coast of Chins and the Philippines. The high pre rare area lies over the Lower Yangtze and the Yellow Sea. Pressure je relatively low to the N. of Japan, and over the 5. part of the China Sea
Strong mensoon may be expected in the Formosa Channel and the N. part of the China Sea
Hongkong misfell for the 24 hours anding at 10 am. to-day, 0.18 inches.
The forecast for the 24 hours ending at noon to-day is na follows Hongkong & Neighbourhood (*) Formoss Channel....
-
N.E. winds,
1 strong to fresh. South coast of Chins between Bamo at No, L
Hongkong and Taukoka, 1-
Bouth coast of Chins between Same as No. 2
Hongkong and Hainan... (*)N.E. winda, fresh; drizzling rain at first, pobably improving later.
By Royal Warrant to H18 MAJESTY THE KING.
LEA & PERRINS' SAUCE.
The Original and Genuine
WORCESTERSHIRE.
AUICE
STERSMIRE
INDIGESTION
MAKES STRONG MEN WEAK
When food fails to digest, it lies in the stomach. ferments, and createe bad gases which fill the blood with impurities. Then, instead of your veins being filled with a life-giving, waste-repairing stream, they carry, polluted blood which poisons instead of feeds your muscles, nerves and every fibre of your body.
As a natural consequence, health very quickly gives place to sickness, vigour to languor, strength to weakness. This wretched state will continue until your stomach is restored to working order, made strong enough to digest and assimilate food.
MOTHER SEIGEL'S
THE
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The sure cure for Indigestion, and all- troubles which spring from a disordered state of the stomach, liver and bowels, is Mother Seigel's Syrup, Made of medicinal extracts of roots, barks and leaves, which have a tonic action on the stomach, liver and.bowels, the Syrup quickly restores sound digestion, and enables you to gain strength
in the natural way-from
food well-digested..
MAKES WEAK
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SEEKER AFTER HEALTH
is always glad to hear of a medicine that has been frequently tried ta complaints, similar to those from which he may be suffering, and that has proved uniformly successful Such a remedy is BLECHANTS PILLS, For half a century they have been doing incalculable good, and all who suffer From troubles trasecable to disenders of the Stomach, Liver, Bowels, or Kidneys
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BEECHAM'S PILLS.
WINCARNIS
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#
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Wholesale Distributors for China and Hongkong.. No. 22, Musazm Road, Corner of Seochew Boad, Shanghai, [257]