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THE HONGKONG DAILY PRESS, TUESDAY, JUNE 22ND, 1915.
FOREIGN TRADE OF CHINA, beans, groundnuts, and gesammt, were
CUSTOMS REPORT FOR 1914, [COMPILED BY MR. P. & TAYLOR, STATISTICAL SECRETARY.]
ence,
also extensively damaged, and in somo cases totally destroyed, by foods in North Kiangsu, In September parts of || Manchuria, after a prolonged drought, were also visited by disastrous floods. THE DANEFUL ACTIVITIES OF WHITE WOLF."
It is interesting to observe in this table that an increase in silver values does not always mean an increase in trade when measured in sterling. For instance, it of tacls in the value of imports between will be seen that an increase of 10 millions 1991 and 1893 showed a loss in sterling) value of over 4 millions of pounds. By General. Notwithstanding the
Hurtful as were these floods, -it-is-pos 1898 the silver value of importa had risen- dificulties to be overcome after the tremendous upheaval of 1911, when the sible that their injurious effects on com- by 78 millions of taels, but the sterling whole government of the country was merce were small as compared with the value was still 3 millions of pounds less temporarily disorganised, followed paralysis of trade brought on by the than in 1891. The same condition applies vaines between 1891 and 1808 showing_a 1013 by a serious rebellion against consti- ravages of a brigand, who called himself to exports, a rise of 58 millions in silver tuted anthority that destroyed credit and White Wolf, and whose baneful acti- paralysed trade over a large tract of ter vilies brought trade almost to a stand lows in sterling of 2 millions of pounds. "In ritory, the year 1914 opened with more still in parts of some of the central pro-1890 the influence on trade of railwaya This infamous rullan is said to began to bo marked, and, with the excop- favourable prospects, and there was evi vinces.
In January he and tion of the set-back caused by the Boxêr dence that Chinese merchants were have been a soldier. gradually regaining confidence in the his band devastated South-east Honan, outbreak, the values have never receded stability of the Central Government. when the town of Liuancho was sacked to the figures of the years previous to 1899. On the 25th Jan-exports during 1013 were two and a half There was every reason for such confid with the usual accompaniments of rape, The sterling values of both imports and
The provincial officials had been looting, and massacre.
Partsing the disturbance to trade caused by working and to restore order, and pro-uary a French missionary, Father Hich, Lines, the values of 1891, otwithstand.
was murdered near Linonchow. vincial finance, had been improved to
of 1913. In silver values the trade, bath such an extent that most of the provinces of Hupch, Aahwei, Shensi, and Shansi the Revolution in 1911 and the rebellion-
The most all suffered from the band, which reach had become self supporting. striking evidence of confidence in the fed Kansu, but failed to enter Szechwan, imports and exports, was 4 times as much.
The mobi- Government was the success of the in-Many towns were looted and wore the ternal lean of $21.000.000, which was scenes of appalling cruelty,
more slowly moving troops sent against ary contrast to all previous attempts to
them by the Government enabled the font domestic loans.
band to escape capture for some months; actually oversubscribed, in extraordinlity of the brigands as compared with the The deplorable state if the cui- but it was officially reported, after his
had
期 become which
very followers had been dispersed, that White rency,
trade, was not Wolf was killed on the 5th August near During his do serious obstacle to only recognised by the Government-but-Lushan, in Honan. the people themselves assisted to some structive career White Wall practically exteat in clearing up the confusion. The stopped all teade in the neighbourhood country was flooded with depreciated of his operations, as it was impossible to paper money, mostly issued during the move either money or goods..
In early months of the Revolution. Canton the depreciation had proceeded so far that 1 paper dollar was worth only 34 cents, until in July the Government redeemed notes to the value of $31,000.000 at a discount of 20 per cent. In Sze chyan the Government accepted salt re- venue in the shape of depreciated notes with the object of burning them-settled and cargo was offering, the Gertions. To meet the national obligations course which raised the value of paper mon and Austrian Bugs had disappear an increase ju exports is absolutely neces money to par and at the same time ened, much British and French tonnage sary, and it is encouraging toe that such had been engaged by their Governments, increase may be confidently anticipated to
REFORMING THE CURRENCY,
EFFECTS OF THE GREAT WAR. Unfortunately, his suppression was which War, the cfceta succeeded by the outbreak of the ia China, immediately felt great were and exports could no longer be financed. Later, when conditions became more
uf
THE INFLUENCE OF RAILWAYS, In connection with the remark that in
be felt, je may be pointed out that in 1808 the sterling value of the export trade showed an increase since 1850 of only 1500 the influence of railways began to
about £350,000 while the next is years Saw a further increase of £25,000,000-an increase that would have been larger but for the Revolution of 1911 and the rebel exports from China are of a bulky and lion of 1013. A great proportion of the inexpensive character, and an increase in the trade is dependent upon improvement in transport. Under the conditions. generally prevailing the difficulties and cost of transport limit production to the only when new country is opened up, by needs of circumscribed areas, and it is the opportunities offered by a new port or find it profitable to extend their opera- hy the coming of a railway, that producers
INTIMATIONS
DRINK
ALLSOPP'S
BRITISH PILSENER
BEER.
SORE AGENTS.
CALDBECK,
MACGREGOR&C..
WINE & SPIRIT MERCHANTS.
15, QUEEN'S ROAD CENTRAL
KEROSENE.
abled the Government to fix the regular and neutral steamers had found more | follow the development of the railway WHAT Oll do you get ? and what do you
DES VOUX ROAD, HONGKONG lo
ORDER AT
ONCE.
ASAHI BEER.
WHAT THE 13PÓNT, TRÄDE REALLY MEANS. The table of imports is curiously illustrative of the conditions prevailing
HOW
pay?
Probably you tell your boy to get just "On"
gat from the Compradore. Why not fall him to
*FISH"
OB" CROWN "?
It is just an easy, and you will be certain to get something good. Besides, you will pay
Iawu.
THERE 18 NO BETTER OIL THAN "FISH."
Price $3.75 per case.
CRE IN
CROWN.
gtas, $8.50,
The incon quota to be paid in future. venience of having a variety of dollars profitable employment elsewhere, so that system. At the same time it is a most in circulation, issued by different Mints there was such a scarcity of tonnage that unfortunate circumstance that in condition be accommodatod. unfavourable to experts, so that the diffi- and each having an exchange value of its in spite of willing buyers and sellers the of exchange favourable to imports is by the people, who have shown their pre-Naturally, in the absence of competition, culty of disposing of produce for export, “HONGKONG DAILY PRESS,"on, has to in certain extent been relieved cargo could not
ference for sycee and reconverted enor freights went up, and heavy war risks of which the gold price has risen with Owing to the distance of China mous quantities of dollars into bullion.assisted in reducing possible profit. exchange, reduces the purchasing capacity It is hardly necessary to point out that Moreover, the prohibition of code tele of the producer and tends to check im a continuance of this process will prove grams, which was carried out without the porta quite useful in assisting the establish-slightest consideration for the needs of from European markets involving higher meat of a Government standard coin. trade, had the effect of stopping any new freights, and to a fiscal system that not The issue of paper money has now been business, as foreign exporters were un only imposen export duties but also brought under control, and there is rea- able to explain to their correspondents et internal taxation on goods in transit, home, at reasonable expense, the oppor-Chinese products can only enter into com favourable and lowers the gold price or son to hope that the reform of the cartunities for new business brought about petition with the West when exchange is Packed in cases,
when a shortage in other quarters has sent Tas BEST OIL FOR ORDINARY HOURMHOLD rency, perhaps the most important reby war conditions; and the Chinese, un
up prices abroad. form needed, will before long become an able to dispose of their products, were
The outbreak of the accomplished fact
With so many drawbacks to heal war in Europe prevented the conclusion obliged to curtail their purchase of im thy commerce from the commencement of the loan under negotiation with the ports. Quintupla Group which was destined culty of obtaining funds from outside ng that the Customs revenus failed really menus The Chinese are partly to serve this purpose, but the diffith the end of the year, it is not surpris in the country and of what the trade Facked in naked tins without caso. Price for led the Chinese to make more strenuous maintain the advance made to the end assuming the population to amount to 400 Of this not very extravagant efforts to solve their financial problems of June and that the rear ended with millions, purenasing foreign products to
It was, however, larger annum.
29. od. at home, and the increased revenue de collection smaller by Hk. T, 3,052,328 the value of about its 9d. per head per
on cotton goods, leaving
out 0-1 rived from salt, under the able direction than in 1913. of Sir Richard Duce, and the success than in any year previous to 1912, and expenditure about 15. 8d. is spent the internal loan, together with the the greater part of the decrease is ne- absorption of the premium baids issued counted for by a loss in opium duty and to the judiciously laid through the sin. In Savings Bank, likin amounting to Hk. T 3,108,680. necessaries, such as metals, qual. kero may be taken as evidence of the potential leaving only H. Tls. 1,513,048 (£205,227) tene, matches, rice and sugar, or to he resources of the country at the disposis the reduced collection on general trade; squandered on such luxuries as birds money from abroad, in consequence of elephants teeth. The tentative adoption tion of a Government in which the people While the impossibility of obtaining nests, cigarettes, opium, soup,
the outbreak of war, had the good effect of Western culture is to be traced in the have confidence.
leading the Chinese Government importation of railway plant, electrical ances, machinery for various purposes,
BMOKELESS POWDERjsnd CHILLET printing and lithographic materials, and paper; while the craving for personal
17.57 per 100. SPORTING BEQUISITES adornment, not always wisely directed, clothing, and slices. finds satisfaction in the purchase of SHOT. From No. 10 to S95G. at 26, 47 mad mings, looking-glasses, perfumery and
Lospection Invited. foreign frats, haberdashery, hosiery, Ines and trim and AIR GUNS in Variety.
window glass and kerosene lamps, furnish cosmetics, and aniline dyes. The houses ed with clocks, enamelledware, and of the wealthy are now made bright with gramophones, and made beautiful with elegant drawing-room suites and radiant
THE
DIRECTORY
AND
CHRONICLE
FOR CHINA, JAPAN, ETC.
FOR THE YEAR
1915.
INDISPENSABLE
BUSINESS MAN.
TO BE OBTAINED FROM THE-
HONGKONG DALY PRESS OFFICE
and
LOCAL BOOKSELLERS.
1,850 PAGES-PRICE $10.
The alterations this year are nousually heavy owing to changes incidental to the War.
Hongkong, 16th March. 1918
TO
EVERY
CANTON
ISITORS TO Should Purcha FROM HONGKONG TO CANTON BY THE PEARL RIVER,"
BY
CAPTAIN G. V. LLOYD, With Illustrations, Maps and Plans
PRICE
On Saks at:-
81.70
Hongkong: "DAILY PR129" Offer.
Canton:
Mesars. KELLY & WASH, LTD Messrs. BREWER & Co. Messrs. A. Watson & Co
ON HALE
A TABLE OF THE
RATES OF EXCHANGE AT BOMBAY For Demand Drafts on London on the day of or preceding the departure of the English Mails; also Table of the Yearly Approximate Average for 38 yes the FROM 1874 TO 1909.
PRICE
82 CASE.
Un Bale at th DULY PERBS Office of Leal Bookselle
THE DAI NIPPON BREWERY
ASAH
BEER
COMPAN
& CO. TOKIO
JAPAN.
When
ances
THE COURSE OF TRADE. the year
opened exchange
Trade continued
and
~KUI YICK & Co., 73, Queen's Road West,
(042 Hongkong, 7th June, 1915, »*.
NEW CARTRIDGES.
popular
English-Manufacturers.
was favourable to imports and clear.tely more upon the national resources, it materials, telegraph and telephone appli- In all Bores and Sisas.
had greatly improvel while unfortunately interfered very seriously with railway development. It has at the same time exports did not appear already been abundantly proved that seriously impeded, hrisk until April. when it became very railways are causing rapid extension of dull; but notwithstanding this the Castrade, and it is much to be regretted that toms revenue at the end of Juno showed the completion of those under construe a gain over the previous year's collection tion must now be delayed, so that the re to the same date of H. T. 880,200, invival of trade after the way will not be spite of a shortage in opium daty and facilitated by them until a later date likin of Hk. Tls, 1,192,782,
VALUE OF THE FOREIGN TRADE,
Trade was
It may be useful to show in tabular thus doing better than might have been expected in view of many adverse circum-form the value of the trade in silver and stances, which it may be useful to touch sterling from 1801 to 1914- on as showing how the energy of the Chinese merchant overcomes apparently Year Exchange
In the first place, hopeless conditions. banking facilities upon which the whole trade, both domestic and foreign, has been built up, were greatly restricted The famous Shansi banks. through whose hands nearly all Government funds for morly passed, and who were the chinf ngenis far all interprovincial remit tances, were compelleil lo close their doors last when, the Manchu Government
OBTAINABLE EVERYWHERE. r; while all other banks, with a few
SOLE AGENTS: MITSU BUSSAN HAISHA HONGKONG.
[381
FRENCH LESSONS C. MOUSSION,
16. Monateox HILL ROAD.
1602
報新外中港香
BUNG NGOT SA N-PO (Chinese Daily Preu), PUBLISHED
DAILY
is the oldest and still immensurably the be
Advertising medium among the Native Community, Established for over FIFTY YEARS runtates largely throughout Southern Chins
Plade-China ste
Terme for Advertising(Translation fres) os v be obtained at the Office, 104, Des Voeux Road Ceatral, Hongkong, 131, Fleet Street, Londer or trom the different Agents
Donuments translated from or Inta Chaudier or Colloquial Chinese.
no
F
carpets.
But for centuries the Chinese bare found their own products sufficient Imports
for their needs, and the sluggish advance in the importation of foreign goods is due Uk. Tls. 130,601,186-34,333,075 to the fact that a deinnad has to be gen 140,998,084 30,544,601 erated by introducing novelties to poton- 1-10,029,703,12|ial purchasers and arousing their $103,847,245 26206,530 interests and widening, their wants-a 179,940)40 29,208,689 very slow process in a country where the means of communication are so defective. 209,106,860 24,851,150
340,050 Whon, however, the Chinese are offered an 10,703 } article that fills a want and is easily-dis- posed of, the demand for it, increases by
3.11
280,907,296
23,791,698 7430aps and bounds
One very interesting point in this table 2116 250,172,693 $1,550,023
China 335,601,729 -12,62227 is the prof it gives of the undeveloped 213,900,115 45,290,042 state of the national resources.
grows, cotton of excellent quality, but 318,602,000 19,060,442 438,316,457 68,012,047 mcluded in the cotton goods (in 1913) is 414,184,661 68,167,793 anties yarn to the value of Tls 71,000,089. 422,938,5 16,711,201 The next article to notice is coal, of which Inexhaustible 306,201,093 62,831.939 the Chinese import more and more, * 71 117,586,937 54,204,460
supply in their own deposits. There 28 462,137,260 62,260,19 alough they have 2 81 473,517,685 63,628,039should be no need to import flour or rice, 471,809,192 72,000,019 and a large proportion of the timber 570,004,611 86,163,50 imported, three-fourths of it being soft- 540, 49286 14,584,255 wood, would be grown in the country if
Average
s. t
1403
4.31
1892
1893
1894
18915
1896
1697
1898 $1699
2 10k
11960
3 04 3.1
1901
100%
1003
1004
10%
100%
1908
(937
3 3
1908
2 8
1900
1910
11011
1012
3 08
$1913
A
Year.
1821
1802
1603
1894
1895 1806 1897
1808
The
*1800 +1000
1001
*1902 1803
3004 1905 1906
19:7
1308
199
1910
21011
112
$1013 1914
notable exceptions, being unable to sol- lect money due to them on account of The advances, ceased doing business, few that remained showed extrema esu fo and engaged only in transactions The risk whatever. involving foreign banks, upon whom the Chinezo banks at the ports are chiefly dependent for their supply of silver, were compelled La ahatain from giving to the Chinese banks the facilities customary before the Revolution. Chinage dealers, therefore. found many impediments to their bus-H4014. 105; more especially was it diffen't to arrange for remittances and fer sending money into the interior to buy produce. But while the restriction of banking facilities greatly hampered trade, it is generally felt that the disappearance of 5 many mushroom banks, engaged rather in speculation than in legitimate Banking transactions, has placed busi- wess on a safer and sounder basis. deplorable state of the currency has | aheady been mentioned, but it may be well to explain that ecmplaints regard Jeg discredited or counterfeit paper money, violent fluctuations in exchange, and Fanreciated subsidiary silver coin- age and copper cents were rife in all parts of the country and made all com- mmercial transactions exceedingly cou plicate. As regards climatic conditions. crops were fairly satisfactory; but in vast Kwangtung daring the enmmer tracts were inundated along the West and North Rivers by foods that devastated 15 districts, causing extensive darzage to property and emps and involving much loss of life. The disaster is said to have been the worst of the kind ever experi
Crops, such as enced in that quarter.
Ik Tls.
-T
WM. SCHMIDT & Co.
1500 Hongkong, 4th February, 1915.
A LING & CO.. 19, QUEEN'S ROAD CENTRAL,
PHOTO GOODS STORE. URNITURE AND Photographic Goods of Every Decoription
in Stocks Developing, Printing and Enlarging. Canton Marbles in Various Shuden.
Hongkong, 4th February, 1915. TELEPHONE 1219, ----
(516
CHILDREN OF FAR CAPHAL
A BOCIAL AND POLÍTICAL #GTEL OR
By CHAS... HALCOMBE,
Flowery Land," sta
THE VOLUME, which consists of 45 Pages, and includes a Sketch Pla of historical interest showing the dispost sion of the Forces at the battle of Kweilin,
Bir BOBET is dedicated to G.C.M.G., and Dr. A. Res.
HART
deforestation were checked. It will be seen that the increase in the quantities of
Service, Author of "The Mystie 24,816,310 100,047,849
metale imported gives no indication of Formerly of the Imperial Chines Customs 40, 333, 229 102,589,525 116,632,3 12,061, progress in mining development. Another 128,104,622 20,482,30 point worth noticing is that cotton porn, 148,203,211 23,431, cigarettes, matches, candles, and soap are now being largely manufactured in Chira, 131,081,421 21,810,003
For the Chinese market to first 163,501,853 21,354,850 without, in the least affecting the importa- 150,037,140 22,944,422 tion. 195,784,832 20,469,690 coutis is clapuose, and the Japanese 158,996,752 24,677,021 have an advantage over their Western com 1(9,056,757 25,139,243 petitors in alwady producing for home be 214,181,591 27,813,605 consumption articles of a type and quality suited to the pockets and needs of their 214,352,0 67-28,282,018 239,-156,683 31,226,reighboura Among such goods may 927ER 197 34,078,183 mentionel Imitted garments, such as eing 2,450,120 38,01638d pauialoons, both of summer and 26-1,380,69742,901.803 r weights, brown for men and pink. £76,000,103 -36,888,063 for Women being preferred to white. 225,902,814 11,051,-110 Stockings and socks are in increasing 380823528 51,273,053 demand, but must be low in price, while #7,339,166 0,704,16 cotton umbrellas are taken in large num 370,520,403-56,642,887 bors Other articles that command a ready 10%,305,548 0,910,941 sale are looking glasses, lamps, bottini. 315,280,874 47,116,453 thread, buttons tooth-brushes, handbags and purss, india-rubber baile na Loge, "Influence of railways felt.
aukle binding of either cotte er silk, + Boxer outbreak.
chamelled ironware, hair clippers, clocks ani wathes, crockery, otw
1 Rerointion in October. $ Rebellion in summer.
Europeaa war from August.
(Po Be Continued)
Its description of Chinees Bogint Customs and Superstitions, combined
O FAR CATHAY" an excellent volume for with the insight it gives into political sonditions in China, makes "OZILDIN
PRICE prontating to friends at Home,
To be obtained from Mesra. KELLY M Messrs. Bawan & Co., or WALSH, LTD., Irom the Printers and Publishers, HONGECKO DAILY Press Office.
03:19.