INTIMATIONS
A. S. WATSON
& CO., LTD.,
THE HONGKONG DAILY PRESS, FRIDAY, OCTOBER 251⁄2Ð, 1014.
His EXCELLENCY added that so far as he was able to judge, there is little hope of antil the any considerable reduction completion of the Tytamtuk Water-Works scheme. This scheme is estimated to cost $2,400,000, and only about one-fourth of this gum will have been spent by the end of the year. Among other expensive under. takings. in hand there is an aditional
reservoir, ste., at West Point, on
THE WAR.
{THROUGH | REUTEN'S AGENCY.]
which $230,03 is estimated to be at THE STRUGGLE IN FRANCE
best year; and the Typhoon refuge at Mongkoktani which calls for an expendi Be of $219,000 in 1915. Then there is the Kowloon Railway, While its earn
WINE& SPIRIT MERCHANTS.ings show steady improvement and aro
BRANDY.
A. SUPERIOR l'ALE, Red
·Capse's...
Per Case Por of 1 doz. Bot.
$30.10
$2.65
*. SUPERIOR OLD COG-
NAC, Red Capsule
33.70
WATSON'S XXX COG-
NAC, Gold Capsule
34,80
WATSON'S XXX COG-
NAC (Botile, 2 Doz.) 37.00
HENNESSY XXX
i.. 41.40
1.60
3.45
C. SUPERIOR OLD LIQUEUR COGNAC, Gold Cayanio
D. VERY FINE OLD PALE LIQUEUR COGNAC, Gold and White Capenie
40.30
46.90
ROUTELLEAU'S CHAMPAGNE LIQUEUR...
52,40
... 53.50
E. FINEST OLD BROWN
BRANDY, Gold and
White Capsule...
MARIE BRIZARD and
RUGER'S
PALE COGNAC
Jaumum.
Foxpreted to ridd à net profit of $12,145 over-working expenses, the deficit to be |made up from General Bevnu still remains in the neighbourhood of $460,000 But a larger item than any of fluse appears under the head Loss o Subsidiary Coins," a sum of ag less than $109,000 being entered as against an esti nated less in 1914 of $133,000. His EXCELLENCY explained that since the begin ning of your the Glawrument, with the approval of the SECRETARY OP STATE, has sold a much larger amount of sub- 2.30 sidiary coin to be converted into ballioa than in former years, and it is proposed 3.00 tuntinue this policy daring next year.
The
entered in the estimates represents in the estimated, less, at the rate of 16 per cent., on suleidiary cin to the nominal value of $1,800,000. At the present time, when the current discount inle on Hongkong, subsidiary coin is in 3.45 the neighbourhood of 14 par erat, this subject is one of great interest to miny people, who are suffering heavily and ask- ing when relief is to be obtained from this 4.00 vil. Since the war began the discount fata on Hongkong subsidiary win has early trailed, the explanation doubtles 4.55 being that staguation in track has left the public with a super-ahmidanes of the cain which is the common medium of exchange It in in the province of Kwangtung necessary to recall that the approximate amount of Hongkong subsidiary currency, 2.65 put into circulation was $43,009,820. When the present policy of withdrawing 6,65
Lieso eins from circulation as they returned to the Treasury was adopted, 9.95
the comforting belief was freely expressed that wit half the coins issued remained in existence as coin. It was said that large quantities were being continually melted down by silversmiths The present. rate of discount scarcely goes to brar out Those assumptions. Up to the end of 1912. toin to the Tace value of 26,507,459 bad- ben withdrawn from circalation and
455
FINE
... 31.53
S. Y. F., V. O. COGNAC 79.70
V. O. L., 60 Years Old... 119.30 UNITED VINEYARD PROPRIETORS, 75 Years Old
157.50
13.15
These Brandies bottled by ourselves are guaranteed traps Spirit and of Pot Still Distillation.
A. S. WATSON & CO., demonetized, the loss involved in the
LIMITED,
HONGKONG AND CHINA.
119
The Daily Press.
HONGKONG, OCTOBER 23RD, 1914
Lo
· for
figures to the revised ordinary and extraordinary
revenue
Various transactions aunting to go.01. We do not know what the face value of the coin similarly dealt with in 1913 and 1914 amounts to, ut probably soinewhere in the neighbourhood of another two million dollars. Yet the discount is heavier to-day than it has ever been. HONGKONG OFFICE: 10, Des Vœux ROAD C.J the Government withdraw these coins LONDON OPTIOR: 131, FLEET STREET, EC. at the rate of nearly $5,000,000 a year, is it proposes to do next year, we ought, in two or three years from now; to see the Colony's subsidiary coin nearer its face value in the market than it has been for many years past. In order to balance the budget for the coming year it will be necessary, His. EXCELLENCY says, to THE Budget statement made by H.E. THE appropriate from surplus balances a sum GOVERNOR to the Legislative Council of $1,079,139, which is a larger sum than yesterday will be purused with more than has hitherto been taken for this purpose; ordinary interest having regard to the out, as His EXCELLENCY remarked, until effect which the war is having on the trade the Jarge public works in progress and in of the Colony, It is eminently contemplation have beer completed, it satisfactory find that according will be difficult to avoid drawing annually There is a limit 1914, on the Colony's assets,
to this procedure, of course, but we hope is expected to yield $1,377,570 more than it may not be reached before the costly was estimated, and that the Revenue public works above referred to are com- Estimates for 1913 show a gross increase pleted: It is a sign of healthy progress of no less than $1,654,674-this, we take that the deinand for these large expendi- it, after certain items in the Estinutes tures should be so insistent, and it may be have been reduced owing to the outbreak hoped that the course of public events will of the War. This satisfactory financial not render necessary the curtailment of position is evidently largely due to the necessary expenditure to the extent His fact that, the revenue from the opium EXCELLENCY foreshadowed as a possibility :' inonopoly has been much larger than but if the War continues throughout the was anticipated." This revenue is set whole or the greater part of next year wa down in the approved estimates for 1914 as $2,573,200 for a period of ten months, and us $4,000,000 for the full year of 1915. This, of course, is gross revenue, but as the whole cost of the Imports and Exports Department (including $500,000 to be spent in the purchase of opium) is estimated at $984,510, the Government is making a very handsome profit out of the apium monopoly, especially when we take into consideration the fact that the expen- diture of this Department covers also the collection of the liquor duties, amounting to $716,000 per annum. Turning to the Estimates of Expenditure for 1813, the striking feature is that in a year when the Empire is likely to be still at war, these
of increase show an over those approved for the current
the fact that.
pro- despite
Supreme Court of China has sen- grammes have been carefully revised and works which are not of great urgency, tenced a local magistrate named Wong although desirable, have been postponed. Jo-ching to death for receiving bribes, and Yet for Public Works Extraordinary two of his subordinates have been we have a total of 82,999,785, which is sentenced to banishment for ten and five higher than in any previous year, and years respectively.
year,
-""
imagine it will be found that the revenue estimates will need to be reduced to a much greater extent than has been done already.
A branch of the Sun-wah Savings Bank is to be opened at Shanghai.
The Chinese Taxation Bureau has announced that the reduction of the export duty on tea comes into force on November
Ist.
President Yuan Shih-kai has given a donation of $50,000; the Vice-President of $20,000; and Li Yuan-hung one Premier Chu-sai-cheong one of $10,000 University $1,890,915 towards the Chung-wah
(Peking).
The
AND BELGIUM.
GERMAN OFFENSIVE REPULSED WITH GREAT ENERGY.
Today's Paris communiqué says:—
LoxDus, October 21st.
4.20 p.m.
The enemy attacked particularly violently at Nieuport, Disinudo, and La Basser. All attacks were repulsed with great energy by the Allied.
Armies.
Wing.
There is no notable change in other parts of the front; Nothing noteworthy has occurred in the Centre nor on the Right
A communiqué issued at Paris J1 p.m. says:-
12.45 am.
A violent battle raged throughout the day on our Left from the North Sea to La Bassee on fronts extending from Nieuport to Dixmude, from Ypres to Menia, and from Warneton to La Bassee, the Allics holding. their
own 'overywhere.
BELGIAN ARMY AGAIN DISTINGUISHES ITSELF.
LONDON, October 22nd.
1.00 a.m. The Official Press Bureau announces that the enemy, throughout. yesterday made vigorous counter-attacks against the Allied Front but were beaten back, suffering considerable losacs. The Belgian Ariny particularly distinguished itself by its spirited and brave defence of its positions.
A GERMAN VERSION.
LONDON, October 21st,
7.40 p.m.
A telegram from Amsterdam says a Berlin communiqué states:- Fighting continues on the Yser Canal, The enemy's artillery was supported from the sea north-west of Nieuport.
Fighting is proceeding west of Lille, where we are taking tho
offensive.
We have repulsed the enemy's attacks, init no decision has yet been reached in the Eastern theatre of the war.
THE UTILITY OF THE NEW BRITISH
MONITORS.
LONDON, October 22nd.
12.30 4.10.
The Admiralty announces that the Monitors Severn, Humber, and Mersey have been recently engaged in operations on the Belgian coast, firing at the German right flank. Owing to their light draft they contri- buted materially to the success of the operations and abundantly justified their acquisition. At the outbreak of the war they landed detachments and machine-guns to assist in the defence of Nisaport, where they performed meritorious service.
BRITISH WARSHIPS ACTIVE OFF BELGIAN COAST.
SHELL GERMAN POSITIONS AND INFLICT SEVERE
LOSSES.
LONDON, October 21st.
4.40 p...
A telegrari from Dover says that the British warships have performed great work off the Belgian coast. They watched the enemy in the night-time digging trenches, and by the flares took the exact range and shelled the enemy heavily at daylight, inflicting 1,600 losses in one day, and wrecking six batteries With their first shot on Sunday they destroyed. a Tanbe aeroplane, and wrecked a Zeppelin on Monday. The enemy's submarines made fruitless efforts to sink some of the warships, the torpedoes missing.
The scout cruiser Attentive returned to Dover on Monday morning with seven of her crew wounded by shrapnel while bombarding the Germans.
The bombardment, continues.
THE RUSSIAN
OPERATIONS.
GERMANS IN FULL RETREAT FROM WARSAW.
LONDON, October 21st 8.43 p.m.
A Petrograd official announcement says:- The Germans are in full retreat in the region of Warsaw and north
of the River Pilica, leaving their wounded and abandoning fortified positions. We are pursuing them.
The enemy continues to resist south of the Pilica. We are holding Kozienice, opposite to Ivangorod.
Despite severe artillery fire, our position on the left bank of the Vistula is secured, while around Przemys! we are assuming the offensive.
There is no change in East Prussia..
A Paris communiqué says:-
LONDON, October 22nd.
12.45 ...
The Germans who advanced on Warsaw have been forced to make a precipitate retreat, abandoning positions which they had organised for defence, the Russians pursuing them and making numerous prisoners.
{THROUGH REUTERS, AGENCY.]
THE UBIQUITOUS
EMDEN.
ANOTHER EXPLOIT IN INDIAN SEAS.
LONDON, October 21st.
5.15 p...
Lloyd's Agents at Colombo report, that the German cruiser Einden Ben Muhr. Cign Grant, Chilkana, and has sunk the British steamera Troilus, and also a dredger bound for Tasmania captured the Eajord south-west of Cachin.
The Enden also.
The Trolus is a new Blue Funnel liner. She was on her maiden toyage from the Eust to England, and carried a very valuable miscellaneous cargo. The vessel; which is one of 7,582 tons, left Hongkong on September 30th.
The Ben Mohr is a steel screw steamer of 3,000 tons register, and was built at Glasgow in 1893.
The Clan Grant was built at Sunderland in 1002, her net tomage being 2,505. She was owned by Messrs. Cayzer, Irvine & Co, Ltd., of Glasgow..
The Erford is a vessel of 4,300 tons, registered at Cardiff, and the property of the Talem Steam Navigation Co., Ltd. She was built at Stockton in 1911 by Messrs. Craig, Taylor & Co., Ltd..
GREAT BRITAIN AND JAPAN.
MR. CHURCHILL AND THE JAPANESE NAVY'S "INVALUABLE HELP."
LDON, October 21st.
2.50 p.in.
The Official Press Bureau says that Mr. Churchill, on behalf of the Navy, telegraphed to the Japanese Minister of Marine his deep sense of the efforts and energy of the Japanese Navy, and said: "Apart from the great object of extermination of the main Geraan has in the Pacific, the protecting Japanese squadrous everywhere are giving us invaluzize help in our trade, searching enemy's ships, and conroying trongs,"
The Japanese Minister for Marine warmly thats Mr. Churchill on behalf of the Japanese Navy, and says: It is a matter of the utmost Satisfaction that perfect understanding and harmony has existed between - the two Allied Xavies, and I hope that before long the ultimate goal wilk
he achieved."
EGYPTIAN GOVERNMENT TO REMOVE ENEMY SHIPS FROM SUEZ CANAL.
Loxon, October 22nd.
The Official Press Bureau announers that Great Britain has notified the Powers that the Egyptian Government is taking steps to remove enemy ships from the Suez Canal. Such vessels have no right to use the canal as a place of reinge, which practice blocks the canal and renders inconsistent the use of the canal in the ordinary way by other shipping.
TRAFALGAR DAY CELEBRATIONS.
UNPARALLELED FERVOUR.
LONDON, October 2185. 4,10 p.m..
Thousands of people, hour after hour, filed past the Nelson column. Everywhere there were masses of flowers. Prominent was a wreath from the Commander-in-Chief of the British Fleets, Adinira! Sir John Jellicoe The celebrations were of unparalleled fervour. The flags of the Allies were down from the surrounding buildings in the Square.
To-night there will be a great demonstration at the Opera House where the Allies will be represented.
A PUNY REBELLION.
IGNOMINIOUS END TO GERMAN INTRIGUE.
LONDON, October 21st
5.15 p.m.
A telegram from Cape Town says that the Maritz affair has come to
an ignominious end, owing to the vigorous action of the Union
Government.
AUSTRIAN ANARCHISTS BLOW UP TENEMENT HOUSER IN CANADA.
LeaDON, October 21st..
A message from Montreal states that two Austrians placed a bomb in the vestibule of a row of nine tellement houses, all of which were wrecked. The inhabitants, who were mostly Russians, had miraculous escapes, and the Austrians perished.
The casualties are unknown, but some of the people were terribly wounded
BRITISH TREASURY BILLS.
LONDON, October 21st. 7.40 p.m.
OF
Applications for six months' Treasury Bills to the amount £15,000,000 totalled £43,000,000. The average rate of interest per annum is 33 per cent.
THE CHINESE LAW OF PROPERTY At the Central Criminal Court, London, on the 14th ult., before Judge Atherley Jones, in the case of Jen Chu, 26, a Chinese student, charged with obtaining £17 from the Hongkong and Shanghai Bank by false pretences, it was stated that the prisoner, who did not contest the case, got possession of a letter addressed to a Chinese gentleman, containing a cheque on the Hongkong and Shanghai Bank for £147. Somebody else wrote the indore ment on the cheque and the prisoner went
to the bank and drew out the money. Mr. W. J. Spratling, for the defence, said that in China, where they had the patriarchal system, money did not belong to any particular person but to the family. The prisoner merely regarded the matter as a borrowing by him of the £137, thinking the English law was the same as the Chinese. The case was adjourned until the next sessions in order that the money might be repaid to the prosecutor, Judge Atherley Jones said that no people enjoyed a higher reputation for financial integrity than the Chinese.,