Page
CORRESPONDENCE.
THE CURRENCY QUESTION. [TO THE EDITOR OF THE "HONGKONG, DAILY PRESS."]
TEN HONGKONG DAILI PRESS. WEDNESDAY, MARCH 15TH, 1018.
HONGKONG: O.C. TENNIŞ
TOURNAMENT. Jeg YESTERDAY'S RESULTS
The following are the results of yester-
CHAMPIONSHIP SINGLES
HANDICAP BINGLES,
Sin Before a persion undertakes today's matches:→→ give à lecture on any subject he suust, be
W. L. Wei beat Captain O. R. Hamil -certain that he has exhausted that Gold. M, J. M. Xavier appears to have given, 60, 61, 6-4. very little time to the study of Political Economy and its bearing on Banking and Exchange before delivering his lecture, He attributes the whole esd of the apia. quration to Shanghai, and seems to blame "that" port on account of the dasl character of its entrency. Though in Shanghai thero are two currencies, the people practically
HANDICAP SINGLES, “É?
HXPORT OF ANTIMONY ORE.
CROWN PROSECUTOR'S OBSERVATIONS,
MAGISTRATE - ABEED TO IMPOSE MAXIMUM PENALTY
Before Mr. F. A Hazeland yesterday
STRANDING OF ** AUSTRALIAN TRANSPORT
FINDING OF THE COURT.
NO FAULT OF THE MASTER. The fading of the Marine Court on- the hearing was resumed of the case inquiry into the stranding of the Australian which Ishikawa Shoichi, manager of the Transport of the westward of Formosa on January 4th was delivered yesterday. morning te follows:-
H. ". Verney (res, 3-6) bent F. W. Hill Teng Seng firm was prosecuted for at- reg. 3-0, 0-2; 13-11.
tempting to expect and exporting anti. mony ore, which is a prohibited article.
Mr. G. N. Orme appeared for the Crown, and Mr. J. H. Cardener, ropre sented the defendant.
F. Bevington (ser.) beat, F. van der Wat (rec. 3-6), 6-4, 6-2.
HANDICAP DOUBLER, - RP Thursfield and P. S. Leigh Bennett (ree. 2-0) beat D. E. Donnelly and L.M. Whyte (rec 18) 6-3, 6-4, T
Mr. Gardiner said the real question ap peared to him to be whether or not the
deal in one, the Mexican dollar basis, Wo, A. H. Crook and A. B Rairorth free defendant obtained a pernili intentionally Island when the stranded at 11.36 pm on
cannot say that because the exchange bo tween the Mexican Dollar and Tael varies, the agio evil is thereby caused; the Variationg of the exchange between the two is caused by the silver market, fer taels represent pure sycce silver, whilst the Mexican Dollar has its basis on gold and is debased silver, being only 9027/9 fine. We might as well any that the agio evil has its origin here in the variations of the sterling exchange!
-
to Nog is public opinion likely remove this evil, for if the majority of the public is apparently benefitted by it, we can hardly expect the public to change it. Let me give an example. If I go to any of the European dispensaries to buy a box of Pear's soap, 1 shall be pay
· charged · 81.50, and a supposed to in notes; but should I go to any of the big Chinese stores I have to pay $1.40, and pay. went to any extent is received in sub-coins, It may be pointed out that should coins and notes bo at par, i may possibly buy the box of seap at a Chinese store for $1.30. True, but at any rate, at present, I am profiting in the bargain, being one who buys from Chinese retai houses.
2.0) bent W. E. Hongewerff and II. W Meyler (rc, 3.0), 6-4, 5-7, 6-4,
SE, Green and Lt.-Colonel Crisp (ose) 15-8) beat J. MacDonald and W. J. Morri on (rec, 5-6), 6-1, 6-3,
org.
"We find that the ss. Avistraitan Transport, of which Frederick Robert Clarke was mister, left Bataviam on December 23rd for Vladivostock," and pro- ceeded though the Palawan passage and along the N.W: Coast of Luzon, and was stering to pass eastward of Formosa
by false representation that, it was in January 4th on the south-west point of Both iron ore and antimony are were Samasana. Island, or now called Hoi Sho
Permit could be prohibited, however obtained by satisfying the Superintendent To Island. We consider that up to, tha. of Imports and Exports as to the destina- time of such stranding the navigation of Mr, the ship had been carried out in a proper tion and future use of the stufl. Lloyd (of the Imports and Exports De- and efficient, wanner, and that the track Mrs Whitmarsh and N. E. Kent (ovspartment) had said in the witness-box that this ship was taking east of Formosa 3) beat Mr. and Mrs, C. C. Stark (rée.
stricter measures were necessary in regard 1-0), 6-4, 6-4.
to intimony one, but defendant was not aware of this difference, nor was any such difference published.
Captain Hammond and J. W. Franks (ree 4-6) beat F. W. Cary and Dr. W. V M. Koch (rec, 2-6), 6-2. 2-6, 6-4, -
MIXED BOULLES HANDICAE.
Mrs. W. Armstrong and H. B. Phillips (owe 15-8) beat Mr. and Mrs. T. E Pearce tree, 15), 64, 6-4.
banks, however, are importing Mexican dollars, which are employed in lieu of notes for making small payments,
In order to keep the Government, out of the arena, the banks accept sEver-frùm the Government at par rate, and, though We read that the Government is losing certain amount of money each year in redeeming sub-coins, it does not follow that the Government is losing on exchange; this
lies with the redemption.
Defendant told the Court it was his in tention to send the are to Japan,
and was one generally followed by low. power vessels during the northeast moni so, and, taking into consideration the position of the ship ng shown by frio. reckoning on January 4th we do not con sider that the master would have beeir A clerk named Matsui said that he justified in steering any course other than added the word "run in the applien-e did, as, owing to the great depth of The manager merely instructed water, it would be impossible to obtain him to make out an application to soundings; and that the stranding of this export ore, and having in mind that there ship was in no way the fault of was a considerable amount of iron in the master or crew, but was entirely due to ore, as the Analyst's certificate stated, bo an unknown current which could not be put in the word iron. That was the first allowed for, and which set the ship North time, he had added a word to his instruze 73 W. 12 hours, and also the heavy rain tions. The application was shown to the squalls and general bad weather prevail- manager when it was returned from the ing; and that after the ship struck, overý
tion,
the
The remedy for the present chaotic state Harbour Office, and it then contained the thing was done by the master and crew in a seamanlike way to get the ship off. description "iron ore!” ⠀
Answering Mr. Gardiner, witness said We appreciate the tremendous amount of
of affairs, if remedy there be, lica with the Government. A proclamation that ten
What the people cannot understand is that copper cents are equal to a ten-cent silver that if his manager instructed him to write labour necessary to jettison so much heavy
bauk-notes, being unly promises on
the piece and that ten ten-cent silver pieces
cargo under the existing conditions. The
out a permit for 300 biles of mats, he amount in silver dollars, should fetchment in any of these must be accepted as
part of bank, to pay a certain stipulated are equal to a silver dollar and that pay would not think he was doing wrong if Court take this opportunity of congratu- |
more that that amount outside.
legal tender to any amount under penalty of a heavy fine. will surely have the neces. I do not entirely believe that people are willing to more for bank-notessary effect. At the same time, the Govern
pay
ment can go on with the redemption of the simply because they are easier than silver
surplus sub-coing in the Colony, and can -to hids, and store, for people who deal is also restrict the further importation of
notes and money surely know that banke issue ware notes than they have specie in
dollars. In that case the Governmerit
must pass an Ordinance declaring Mexican
he added sugar mats," if that was in Fact their description.
An assistant in the firm stated that he erased the word " iron subsequently to make it correspond with the shipping order, which nexcly said “ore,"
Mr. Orme put it that you-were au- thorised to do this, that you were acting
lating the master, officers and crew on their successful efforts. :
Captain Clarke-I wish to thank you, gentlemen.
Commander Beckwith-We ars
vory
pleased to give such a satisfactory finding. As sailors, we all understand the very bad time you have had, and we hope it.
reserve, and also that banks may so dollars to be no longer legal tender, and according to instructions -No, I was not will be the last such time you will have.
speculate as to fail, in which event their bank-notes may become almost worthless. Morcover, for the people in the interior of China, with whom the loen Chinesa banks and business houses mostly deal, bank Dotes have very little valho, being almost unknown, Let us therefore try to trace the origin of the agio evil.
holding them would naturally make rush on the banks for silver, and the banks would have either to fail or to use their Special Reserve Funds, both courses being very unpleasant,
assume the coining of salver.Yours, etc.,
A CONFUCIAN ECONOMIST. Hongkong, 14th March, 1916, COURAGE MEANS STRENGTH.
[TO THE EDITOR OF THE "HONGKONG DAILY PRESS."]
empowered to do this. In answer to the Magistrate, Mr. Gardiner said he would submit that the prosecution must prove
mens rea.
The Court was composed of the follow- ing-Commander Beckwith, R.N, (Pre sident), Commander F. Gibson, R.N., H.M.S. Tamar; Commander Wellesley, Mr. Ormo submitted that the alterations BN.R., Empress of Russia, Lieut-Com mande: W. C. Murray, R-N.B., H.M.S. maite in the application for the permitting; and Mr. McChio, as. Glexogle, were part of a set scheme to get this are througIt would tax the credulity of anybody, he said, "to believe that this was the first time this thing had happen-
BIB. In reference to a passage in your Banks, as already stated issue inere notes then they have specie in reserve, able leader of yesterday with regard to and it is to their interest to maintain a the alleged tendency among the Portuguese
Should in this Colony to treat the interventioned. They bought antimony one from the high character for their notes. notes depreciate and fall below par, people of Portugal in the war lightly and to Wah Cheong firm and attempted to export ridicule the idea that the aid which it as iron ore, Mr. Gardiner has talked Portugal can give to the Allies can have about the rights of individuals and about mens rea, but when nations were at war any influence in the present campaign, allow me to say that such an opinion iso have to insist on the duties being per- absolutely out of date, and whoever holds formed by those who enjoy our hospitality. it must necessarily have a very poor The war has brought out some very fine knowledge of Portuguese traditions and of things in human nature but it had also the rooont herois exploits of Fortuguese been proved that firms are still ready to soldiers in Africa, Timor, and elsewhere. forgot their obligations and the interests Both the British and French, and even of the Allies, and even the interests of Germany, have acknowledged the valour their own country, where immediate hope of the Portuguese soldiers Napoleon said of gain is put before them. The members once that he wished he had Portuguese of this firm are subjects of a country which soldiers ander him 1
is our Ally, and it is even more incumbent No one would better understand the on them to see that nothing is done which importance of the move on the side of the Allies than the Kaiser himself, who recol will in any way deter the vigilance of our In this case where one lects the services of the Portuguess heroes own Government. Gathardo, Rosadas, and Monsinho d'Abul- querque, when the well-known terror of shipment is detected, hundreds may go the whole of Africa, Gougunhanu, was through. If it happened elsewhere alsa it
To these captured by them at Quamato,
THE FALLING MARK-
Poor Mark! A bard, unsympathetic foo Gazes with cruel eyes on your distress And, like fair Emma's waist, observes you
ΣΤΟΥΣ
Fine by degrees and beautifully less," While those who once made much of you,
the gay.
ham
And eager friends of many distant climes, Unkindly turn from one who has to-day
Fallen on evil times.
Oft have I wept der that unhappy tale
Of young Augustus, once a chubby lad Who, through his hate of soup, grew thin
and pale
And fell a victim to his useless fad. But you have never spurned a preffered
boon
12
There is no aid to which you would not
stop.
In point of fact it seems you may be soon
Entirely in the soup,
Beauty, we know, is but skin-deep at best, And your face value shows a swift de-
cline;
The constant strain of war, the lack of rest
Have spoiled the comely looks that once
were thine. De
them at a slightly smaller one, thug makin heroes the Kaiser personally wired his might cause a serious set-back to the Nor can you well deny that it is true
Mr. Gardiner said that his friend in fairness should accept on the face of the facts that, the ore was bound for Japan.
That 'twas because your lord, who ways
are dark, SAN Are now below the mark! Got just a bit above himself that you
“Touchstone" in Daily Maiz,
To maintain the high character of their notes, banke naturally refuse to receive more than a small amount of silver, and will only receive big amounts at a high discount. There are some houses hore which deal mostly in coins, and, being unable to pay money into the banks either by way of deposit or to meet their drafts except in notes, are obliged to sell these coins at a discount In order to obtain notes. They sell their coins either to the banks or to money-changers, but as the latter have only limited capital the bulk goes to the banks. The banks, having purchased these coing at a big discount, are ready to sell
congratulations coon after their victories, Allies," As Chinese retail houses inviting them to be his guests in Berlin a profit.
and offering then the freedom of the city increase in number and importance trans
This token of the Kaiser's high apprecia- actions in sub-coins increase correspondtion was very significant at the time, as ingly, and, to meet the demand, more against the same trouble he had fighting
Mr. Ofte said they had seca no reason. in the neighbourhood four, generals and money changers start business,
6,000 men at a cost of millions of marks to believe that this was for the use of Having maintained a high character for without any result, whereas the above Japan. It was impossible to say what the
mentioned beroes were all of inferior rank their notes and thus increased their par (lieutenants or captains) when they enter. certificates that had come down from chasing power, the banks are able to pured the campaign, though they were award. Japan really referred to. The Govern chase pure silver bars, which they can send ed higher ranks after the glorious victory to the Government mints and, by paying over the enemy. They bad under the an ment had shown no desire to interfere with is as follows :----
expeditionary force of only 2,000 men at legitimate trade in any case where firms- a séigniorage, have them minted into coins the most, as compared with the enormous had shown a bmo-fiile intention to comply When #ilver is cheap the banks, owing to force of the Germans lo
with the lotter and the spirit of the law, the high purchasing power of their notes, The imprisonment of Gougunhanı was
effected by 32 men only in the face of a but this was a caso quite outside that. If are able to obtain at least one hundred very large number of the enemy. The and ten silver dollars for every one hur-feat astonished the world. The valour and other firms imitated the example of the dred dollars in notes which they invest. skill of our soldiers were at the time highly
ment it would causeran enormous amount commended by all the European nations, They thus either pay these dollars out in and produced a great moral effect upon of work and necessitats a very wide vigil- ance. The authorities relied upon the good small amounts or sell them to the Chinese the mind of the African tribes.
Many other victorious exploits might be faith of firms in the Colony to help them at a discount of, say, from four or six pox mentioned, such as the reduction of the in carrying out the regulations, Nothing powerful kingdom of Manufai in Timor.but the reverest penalties would deler firms but I at afraid I should take too much who were set on gain by trying to evade geneous mass of 130,000 able-bodied men,
cent,
It is understood that the local Govern- ment, being now intent on restoring parity between local sub-coin and silver dollars, have withheld permission tơ, coinmore sub-coins and are withdrawing part of those already in circulation Some of the
firm concerned in dealing with the Govern
HONGKONG TRAMWAY CO. The spproximate statement of trafic receipts for the week ending 1h March
Last year Increase.. Decrease
Aggregate
Receipts
for week
receipts
for 10 sakk
811,103
9,9:5 1,28
81 7,374. 1071% 15,03
THE SERBIAN ARMY The Journal's Corfu.correspondent says Frenca instructors reconstituting the Ser bian army hayo now at Corfu a homo with new equipment to different cadres and
INTIMATIONS
LANE
CRAWFORD&Co.
*
JUST RECEIVED:
ANGLO-ORIENT
SEAMLESS REVERSIBLE
CARPETS
AND RUGS.
TWO WEARING SUBPAORS INSTEAD OF ONE IN CHARMING COLOURINGS AND DESIGNS.
THEY ARE OF
BRITISH MANUFACTURE
BOTH
DURABLE AND INEXPENSIVE.
WE HAVE THEM IN
SQUARES 3 by 2, 3 by 3 and 3 by 4 Yards.
AND
CORRIDOR, HEARTH, SOFA, AND BEDSIDE RUGS. COLOURED LITHOS ON APPLICATION.
LANE, CRAWFORD & CO.
HONGKONG,
CANTON, MACAO WEST RIVER STEAMERS.
JOINT SERVICE OF THE HONGKONG, CANTON AND MACAO STEAMBOAT CO., LTD., AND CHINA NAVIGATION CO., LTD.
HONGKONG-CANTON LINE.
Single Fare by Night Steamer d Return
(available also for return “de by day stemmer) Bingle Fare by Day Steamer Eaters.
$6,01:
10.00
4.00
8.00
CANTON TO HONGKONG,
WEDNESDAY, 15TH MARCH, 1916.
·6,00 am. HONAM, 10.00 pm. KINSHÄN,
HONGKONG TO CANTON. 1.
8.0 KINSHAN. 4.30 p.m. FATDHAM.
THURSDAY, 16TH MARCH, 1916.
8.00 .. FATSHAN. 10.00 pm. HONAM,
$.00 m, 1ONAM. 4.30 p.m. KINSHAN.
HONGKONG-MACAO LINE.
6.8. SUI TAI, Toms 1,651.)
8.8. TAISHAN, Ton 2006. HONGKONG TO MACAO. Wook days at 8 am, and 2 p.m. from the Company's Wing Lok Street Wharf, dandays at 9 am and 1 p.m. from the Company's Wing Lek Street Wharf,
MACAO TO HONGKONG
Week days at 7.30 am and 2 p.m. Enndays at 7.80 ■.m. and 3. p.me/ EXCURSION TO MACAO, SUNDAY, 19 MARCH, 1916.
The Company's New Biosmahig
"TAISHAN "
Wall depart from the Company's WING LOK STEKEN WHALE 159 am, sud return from Mucnost 3 pm
N.B The Company will also run a Steamer from Masso on Sunday ni 7,30 "auth and from Hongkong at 1pm., from the Company's Wing Lok Street Whaż2"
FARES AS USUAL. N MACAO-CANTON LINE.
A: 8.6, NUI AN.
■119.
Departures from Mose to Canton un Monday, Wednesday and Friday, Lepartures from Canton to Maso on Tuesday, Thursday and Exturday, at 450 pamu JOINT SERVICE OF THE HONGKONG. CANTON AND MACAO STEAMBOAT CO., LTD.. THE CHINA NAVIGATION CO., LTD. AND THE INDO-CHINA STEAM NAVIGATION CO., LTD, CANTON-WUCHOW LINE.
8.8. SAINAM, 588 ions, and 3.8. NANNING, 569 tons,
Ons of the above Steamers leaver Canton for Washow every Monday, Wednesday and Friday, at sbout 8 am, and the other leaves Wnchow for Canton on the same days at 8.30 am. Round trips take about 5 days. Passengers can return to Hongkong or vice versa by tho Company direct Steamers LINTAN and HANUZ These vessels have superior. Cabli socommodation and are lighted throughout by electricity. Electric Fan in macia Cabin.
Booking Office open day (Eunday excepted) 9 am, to 5 p.m. Further particulars may be obtained at the Ofiles of the
HONGKONG, CANTON & MACAO STEAMBOAT Co., LTD,
Hotal Mansions (First Floor), opposite the Blake Pier.
G..
R.
TENDERS FOR BISCUIT AND BREAD.
ENDERS the
NOTICE.
· [12***
ANY EUROPEAN, Non-Asiatic or Indian
desiring to leave the Colony should app in writing for permission to do so to the Captain SUPERINTENDENT OF POLICE, at least
TBREAD for Hin Supply of BrCUIT and Twelve Months from the 1st of April next, will be received at the Office of the Hoar
46 hours before the intended hour of departure, to Noon on FRIDAY, the 17 instant. Adiniral, E. Naval Yard, Hongkong, up
giring name, nationality, age, cox, boight want Conditions and Tender Forps can the cecupation of the applicant, and stating the obtained from the Victrailing Office, H.Lasne of the steamer or other versel or the hour
Kowloon
of the train by which the applicant wishes to any Toader.
conclude by saying that we Portuguese are asked for the maximum penalty, If his well armed; they are distributed in several Naval Yareserved to decline the lowest leave. Applicants should apply in person for
space in you valuable columns, and must ready to fight, no matter how powerful be the enemy Courage is our strength -Thanking you, sir, yours, etc...
...
A PORTUGUESE EX CORDE. Hongkong 14th March, 1910.
the necessary provisions of the law, and he worship found the defendant had bren guilty of bad faith be asked his worship to send him to prison
His worship announced that he would give his finding mext week.
The
right is
camps There are 22,000 horses for them waiting shipment from Valona Theer staffe are drawing up a scheme for the WV STEEL, organisation and employment of the Ser- Asst. VICTUALLING STORE OFFICE C. bian army when their training is complete, Hongkong, 11th March, 1916. [403
their passes at the CENTRAL POLICE STATION between the hours of 8 to 1PM. and
F.. to 4 .. daily.
Hongkong, 10th July, 1015.
7