Page
HONGKONG EXPORTERS AND DEALERS
ANNUAL MEETING.
The annual meeting of the Hongking Association of Exporters and Dealers was helin G Chamber of Commerce Room yesterday, the Calma (Mr. W. M. Humphrya) prouiding. The frus who were represented are us, follows :--
-U. Bumijaím & Co. (Mỵ, U. Thinjaka); W. M. Baopbregs & Co, Mr. W. M. Huoparèya); Frack Smith di Co, (Mr. F.
CORRESPONDENCE.
HONGKONG CURRENCY
PROBLEM.
"HONGKONG
[TO THE EDITOR OF THE
DAILY PRESS."}
MAP HONGKONIS DAILY PRESS. FRIDAY, MARCH 31ST, 1916.
HÒNGKONG BRANCH OVERSEAS CLUB,
TABLE ENTERTAINMENT.
HONGKONG SHARE MARKET.
Messrs. Vernon & Smyth, In their weekly share report, dated the 30th March, state:-
Business during the past week has been voted largely to adjustments for Reitle- mans recount, and in the eireuristauers tho gul nirker has ruled wonderfully steady, closing now with a Londency towards im. provebent in may instances. The March
ment said of very successfully es bany, and business opens for the new account with a demand for several steeks at eahanged estes. Rubbers renin at
quotation for the raw material being, how- eyer, slightly lower to-day at 3/6 to 3/59 Standard Tin has proved to £50) for for spus and 3/4 for forward delivery.
INTIMATIONE
LANE
CRAWFORD&Co.
ESTABLISHED 1850.
Smith): Banker & Amy (Mr. A. Bryann); | tion of gambling was only in the way of / packed, and even standing-rion was diffi. the sate level a; last quited. Ahe NOTHING IS SO QUICKLY AND THOROUGHLY REFBESHING AS A
...
using firm, Bar Silver is quoted to-day hai T.T. 31 72, and the Bank's buying rate
CUP OF REALLY GOOD TEA.
the object of raising fund for providing Hongkong. Fol" is Notley, S18-1 am glad that Mr. Xovies ac Hospital, the Committee of the Hongkong knowledges that he does not know what branch of the Cvencas Club arranged a mex by Landards which rule contro. variety cuteriaident, which was held with Any preliminary book of the “very „possible, success in the Victuris Ar of Argumenatation fail touch hôn Thenire fit aight, howtheking Any child world have been able to con- powerfat counter-attraction, of Bandman's picheud that bringing in of the ques-pening night, the hutan was Microily's J. D. Haughing & Co Cal C. J. an example to elucidate my statement, the cultuin. H.E. the Governor was uumble, owing to a pricr engagetan, to Higg botka): W. R. Loxley & Co. (Mr. wary people are benefited by some evils, he pitsent, but H., the General Officer 1. Temuant): W. A. Hannibal & Co, Air. which Mr. Xavier strenuously denis, by Commanding and Rear-Admiral Ansmither, rendy delivery, and £100 for forward, W. A. Hannibal): Uniun Trading Co. aging: fail to see how any person.CL.G., attended,
could be benefitted by any evil.20 The longkong Palica Reserve Land He szy, that he is glad that I have at opened both parts of the programs with (Mr. J. C. Baráte); §, C, Tsunil & Co.
of Shanghai Currency. When did I ever ed a very hearty reception, dile. Pradon day it, please in my list letter I said (des Theatres de Paris) was enthusistically that Shanghai the standard Currency applauded for her spirited and pictureque extem dollars as more convenient Two dainty French songs in response to un- is The at the peop'd dosi wostly in
interepretation of "La Marseillaise,” and afraid that Mr. Xavier cannot distinguish deniable recalls charmed the audience. The between au acepted" and a "standard"
talented Melbourne Company, which has A regards the profit singe by retail experienced a deservedly successful season The ChaiGMAS - Raid-The report and hago, o agis, Jez megve him a further in Hongkong occupied the whole of the second portion of the programme with example, Bread, I pursum is a com accounts of the Association have been inundity that Mr. Xavier consumes daily humour and sung. Their servicts were Your hands for one time, and with your It is old at 10 cents a pound. Though the given free. The pictures were also exeved prastinėsion, I will take thon ng read. A premium on Bauk-notes varies from day to ingly interesting and using, and the entertainment, was an altogether excellent day, the price of bread remains stationery- you will sex fpon the Rapart, mert of the Should be change a five-dollar note and
sue. A very substantial sum should reward the hard work of the Hou, Secretary and correonder, deit with by your Cou-obtain fifty-four ten-cest pieces, and I mittén has been on the queations of booking change me for fifty-eight ton-cent pices Committee of the Overseas Clah,
2d both reserve the money for buying apaon for export shipments and increases of road who has profited. "And with re- freight, and 1 In our endeavours to ference to chair-hire, and other small dis obtain, relief have not my will chroments, the same rate holds good
A. 90210, Sering Tac 27, Sheng. CEYLON TEA (Mr. S. C. (pasil); David Sassoon & East admitted the Tael is the main basis well-played marches, and they were accord for 3 dfs bills on the latter port at 72).
Ltd, (Mr. Compass); Holland-Chion Trad ing Co, (Mr. A. W, Van Andel) † Bradles & Co., Lad, (Metry, T. W. Hill and Berington), Dodwell & Co. (Mr. T. 6. Wooll); Jardine. Matkeun & Co. (Mr. E. A. Henpunt)..
equitable treatmong by the London Probne
enfrency,
Mr. Xavier, labouring under the idea that
sulstitution of nickel for silver, David
HONGKONG FOOTBALL
ASSOCIATION.
easier with all tilers at $780,
BANKS-Hongkong and Shanghais are
MARINE INSURANCES.-Unions have again hre place at $1,005, amb at this rate a after sale at $421, have advanced to a few more shares are obtainable. Cantons, buying quotation of $422 with no shares How procurable, Yaugtszes are still in re- quest in the North at $300 with exchange 3, and North Chinas nuchanged at A nominat quotation of Tis. 180.
FIRE INSURANCES-Chinas have bren booked at 8167, and Hongkonga ni 393 account paid yesterday, both closing in ex the dividend of 897 per share for 1914
further request..
SHIPPING Douglases, after sales at $128 and 8129 as the interim dividend of $3 per share paid on the 27th instant, have ad- vanced to buying quotati de $139 for eash, and full equivalent on time, the market closing strong. Suboals dec ined temporarily to 8914 seller but have since recovered in 8221, at which ate the market closes with buyers, Indo- uns were dealt
somewhat extensively ového from 947 to 849 for the fortement
• sucess. Until such time as tonnage is freer, the Government has the solo right of coin- nothing in my opinion, is possible, Theng dollars and sub-coins, advocates the
A meeting of the Council of the Football -volusin of tradis done has been much Ricarde in his Principles of Political Association was held at Victoria Barracks
stricted owing to floods in the beginning of Economy and Taxation says: After Jast year, strikes of workmen in Kwanting. be establishment of banks, the State hast evening. Master Gunner May prasideda
nel the sole power of coining or issuing over a fair attendance, Apologies were nt $129 to $131 for the Debred, the mar the difficulties of obtaining licences to ship moy. Tha carreary way as effectually he read from Commander F. J. Cann, R. N..bet having now advanced $50 for the to some markets and the absolute impossibi. increased by paper as by cain, so that if
Preferred and $132 for thelleferred, both State were to debase its money, and und Major T. A. Robertson, who were issues closing in demand, Star Ferries lity in others. Now the revolutionary covert its quantity, is could not support its able to be present owing to other duties. have ruled dull, and close hout feature
e in the adjacent provinces has shut value, because the banks would have off the sourers of supply in any urtides. equal power of adding to the whole quan- from the Ho, Secretary of the RA
The meeting considered a protest receive At a nominal quotation of
Oits. Shells have been by ted at 18/6, Although I de 10g wish to be" unduly
tily of ritenlation."
and 98/- and more shares are request at The intrinsic value of nickel is much less with the Royal Engineers in the United the, latter rate. Langkats are practically
team in regirl be the result of their match prosivistie I think we are in for a dull than that of silver, and by making the Services League pathe 15th inst. The unchanged at Tis. 37 with ales in the timis, and it shend be our endeavour dur-vaun of ticks cofas much above the Artillery alleged that the deferee, mide a
North at that rate, and Uraj spinns clase ing this interim to consolidate cursives, rinse value; the difference would revertuistake in the tine played in the first half,
with probable sellers at 35/- 12 to the State is a profit or else as a
REFINERIES.-Chino Sugars after sales financially, and also by putting one con-charge for seigusirage. In the work aboved that he, exceeded the 5 minutes by a
during which the Engineer, scored at $140 cash and $145 for Apt 1 have des tract into effect in conjunction with Cantos tuoted we read:". While the State cains, and thus affected an important clined slightly to a selling quote on of 8:33 |
and charges. Seignoirage, money. #goal. Also we should endeavour to obtaju more will be of the same value as any other piece resit The R.G.A. held that the referee the dividend of $12 per se for 1915 Greness; but if the State charges a selgnja feren breduced the slip of paper uponed with sellers at 843 and no report.. Brokers Association my question of Frage the coined piece of money will which he had written the times, which MININO-Kailans during the week have and Inte delivery.. I think I am expresing generally exceed the value of the incoined showed that the game was commenced intensed off, and are now on off nt, 337- the wishes of all the Caunuilice when I say
piece of metal by the whole signorage was the sole judge in this matter.
4.18. It was pointed out that the referee Ranhs remain neglected, and gain close charged; because it with require
The with a sinal quotation of
have been weare glad to see on Secritary restored greater quantity of labour, or which is the appeal was dignissed
a quiet market, a finish up health grin. nn! have to thank a thing the value of the produce of n
with a quotation of 36/6 nomi
Blair on behalf of the Committee for the While the State along coins, there can be followed.
gater quantity of labour, to procura îț, A meeting of the Hongkong League kong and Wimper Docks have been placed Docke. WARVES, AND GODOwls -Hong- helped assistance he has givál quà thuật to thig charge of seigliorage: for It was decided that the presentation of tro
at $123 and $10 for the old and now past year wishing him a pleasant holiday by limiting the quantity of coin, it can be phies to winners of the two Divisions should 158 respectively. and
now close with at Huron and a safe, return, With these raised to any conceivable value. It is on few words 1 bow take pleasure in pro this principle that paper money circulates The ceremony will be preceded by two ex-
take place on Easter Monday afternoon buyers at 8123 and $118-there being also
demand for forward shares at equivalent. posing the adoption of the Report and
the whole charge for paper money may be hibition matches. In the case of Division rates. Kowloon Wharves remain a study Accounts as presented,
considerest as signing.
Though it has the winners (88th Company R.G.A.) market at $71 with sales and no sellers no intrinsic value, by limiting its will play the Staff and Departments now in eridence at the rate. Shangkai Mr. HIGGINHOTHAX proposed, and Mr.
quantity, its value in exchange is as great (runners-up), the gun to commence 34 Docks have strengthened and been placed as an equal denomination of cosa, or At 4:30 the Military (senior players) closing with buyers nt T 71 Shanghai rates varying between The 70 and Tls 72. TENNANT Scuded. that the Cotter bullion in that coin. On the same prin- will oppose The Rest (Hongkong and (blossy, W. M. Humphreys, J. H. Brister. ciple, too, namely, by a limitation of its Navy). The representatives of the senior E. A Beaumont, W, A. Hannibal, T. W.quantity, a debased coin would circulate teams wil weet on Monday, April 17th, at
and Hongkew Wharves are unchanged with Hill, U. Runjahu, U Koi Wa. A. Van at the value it should be if it were of Virtoria. Barsacks, to zalet the elevens..
nominal quotation of Tls, 90. LANDS, HOTELS, AND BUILDINGS, -Cen- Andel, and T. G. Weall) be re-elected en
the legal weight and fineness, and not at
tral Estates have been placed at 899, and blon.
the value of the quantity of mets) which
Hongkong Lands remain an offer at $.04 it actually contained."
with no busines to report,
Hongkong Hotels have ruled quiet, and close with a nominn quotation of $112. Humphreys Estates have been the medium of busines
Mr. BRYSON onded the motion, which was carried unanimously,
125
#
HONGKONG LEAGUE”
BILLIARDS.
·CUP.
The motion was carried unanimously. On the motion of the. CHAIRMAN, socondeel, This is only when the State alone coins by Mr. HILL the meeting confirmed, the and boomes responsible for the redemption election of the following new members of these debased colus; but we real above Hongkong Mercantile Co., Ltd. Frank that the State has not the sole power of Smith & Co., and B, Montieth Webb &coining or issuing money"; if metal be substituted for silver, the Banks will cause great sount of china to be made and, The final games between 78- Co, G.R.A. While they profit, the people will no, have and the Garrison Sergeants' Mess were de any guarantee at all, for we cannot alwaysded in the Soldiers' Club last night. The expect the State to become responsible for
Co.
The CRABMAN reminded those present, of the extraordinary meeting of the Associo- tion to be held on the 4th April, and said the little subscription that they were paying was not sufficient to carry them through, and owing to the German firms being out of the Colony-which he did not think anyone regretted they had to put their hoads into their pockets and reise the subscription from $25 to $40. This was not a very great amount, and he did not think anyone would grudge it.
There was no other business,
(red label),
ORANGE PEKOE
in 1 lb. tins 95 cts.
ENGLISH BREAKFAST TEA (brown label),
Selected and
Blended with the utmost care, from the finest growths of Pure Ceylon and China Tea in 1 lb, tins 95 cts.
FOOCHOW BLACK TEA
(yellow label),
CELEBRATED CUMSHAW BLEND in lb. tins $1.
HANKOW TEA (white label),
in 1 lb, tins 95 cts.
The above Teas represent exceptional values at our Prices. Gradle for grade, will show considerable saving. You will find it a decided economy to use these High Grade Teas, as they will go further and make a botter Tea than the Lower Grades.
[21
HONGKONG,
CANTON, MACAO WEST RIVER STEAMERS. Trios JOINT SERVICE OF THE HONGKONG. CANTON AND MACAO
STEAMBOAT CO., LTD., AND CHINA NAVIGATION CO., LTD.
CARRISON BILLIARD CHALLENGE at 86.85, and now close with buyers at 36.80. West Points have changed hands at $88 with more wanted at the price, and || Kowloon Landy retain previously
quoted, viz., 837) nominal.
the redemption of money coined excessively first pair were S. S. Hawkins, Garrison
of course, is speaking of the Bank ofenced their gimes last evening, being England, which was the only one allowed to represented by Sergt. Davis and Sergs After a very iste notes and to coin coins. being the Triebwasser respectively.
COTTON MILLS.-This market has ruled quiet, and prices are round, about the quotations & given in our last report. hand, viz. Ewos Tis, 145 buyers, Kung The following are the latest quotations to
Viks The 13 buyers, and Shanghai Cottons is 3 buyers, Yangtsepoos having a sominal quotation of Tis, 64
MISCELLANEOUa-Dairy Farms are want
by Banks which are private institutions. Mew, and Sergt. Brice, No, 87. Co. This liable to fail at any moment. Though the State ha, not the sole power to coin, yet game was evenly contested throughout, the State can fix a standard of finenoss Hawking winning by one point. This left for bullion to be coined, and restrict the Issue of coin, as in the case of bank notes,
67 Ce, 154 to make against 200 by the Staff withong debasing it.
Mess. The players, Sergt. Barker for theed at $32, Electrics at 845, Trams at $6, Mr. Xavier asks me whether I still Artillery and S. S Coy for the Mos. Perk Trans (oli) at 810, now issue at maintain that Baaks are at fault as quickly found their touch and the first 85 conts, Laundries at $3), Watsons at egards the ag evil, sering that I admitted udred saw Coy slightly in the lead $7.10, and Powells at 36. Cements have that there is a disparity even in bank-uintes. Earker soon altered this and, playing en
been placed at rates varying between 8:0.70 COMPANY REPORT.
WAL 5 one-dollar notes and five exorllent gaze, left the Sta.fi-Sergan and $10.50 China Borneos at 810.20 and doing note. Does he not see that I asserted possible task. The latter, through wager-810-15, and Rope, are on offer at $40, ex MALAKOFF RUBBER CO., LTD.
that the reason of this disparity was the ss to retrieve the situation, was sing div. The following close with a norcinal
badly, and his opponent, with a nice effort quotation: China Lights 64.60. Providents. scarity of one della notes? Who The sixth report of the directors to the ca
caused the scarcity? The Banks, of $4, won by a comfortable margin of 83. | 88.30, Fees: $171 ox dividend, and Water- shareholders for the year ended 31st Decem course, In a paphlet pablished by David The scores were, Barker 100 against Coy's boats $15.
117. Breaks were' again scarce, Burker's Memo. Next Settling day :-April 371h. Ler, 1915, contains the following passages: Ricardo, in 1816, called Proposals for an
Economical and Secure Currency, we 34 topping the bill. Coy compiled a 20 and Accounts-The net profit for the year, rad: If the Banks capriciously united 17 and Brice & 1. Thus the Bith Co., hy after making full provision for deprecise quantity of their paper they woudering 1571 against 1442 by the Mess, pass tion, amounted to $381,139.04, to which has
raise is value, and gold might appear to into the semi-final. They meet the winners JAPANESE LOAN TO RUSSIA. to be added $35,240.50 brought forward fall below the limits at which I propose the the gates between the 88th. Co. R.G.A. from last account, making a total subject Banks should purchase.
and the R.A.M.C. David Ricardo,
The latter teams entu to Directors' Fees, of 8416,679.1960.000
An Interim Dividend of 10 per cent, absorbing $100,000 was paid in August Jast, leaving a balance of $316,879.19 Dow available for distribution.
Your directors recommend that this summiting the amount of bank-notes in circa.200. Triebwasser, 198. he appropriated in the following manneration, by holding them back and paying Transfer to Reserve Account, * our silver instead, they are causing the value of them to appear above that of
I am glad that "Plebis silver-Yours, etc...
agrees with me (ergo another * Philistine) that the A CONFUCIAN ECONOMIST. Press discussions should be included in Hongkong, 30th March, 1916.
sir. Xavier's proposed pawphlet, and trust Last the latter gentleman will reconsider [TO THE EDITOR OF THE
hiz decision to omit these, Besides, I fail DAILY PRESS."]
to see what he apprehends by their addi tion, as it stands to reason that if he thinks SII note with pride that the learned his lecture such a good one any adverse $310,070.19
Mr. JM Xavier considers my small coniicism would only serve to enhance it's tribution to the Hongkong Currency value by advertising it, he would, of A story of a mother's self-sacrifice is told Problem discussion Rubber.-The total output for the year old skolesion worthy of mention, course, also publish tie replies to Con by the Rey. FW Newland, of Claremont him why he is to pro-fucian Economist." However, should be Mission, Pentonville A canvasser under was 520,470 lbs, against the Manager's miscuous in his use of the epithet Phili-ramain obdurate. I hope that in the in Lord Derby's scheme visited the houses of estimate of 470.000 lbs, The Manager's stine." If he would take the trouble to trests of the public Confucian Ecomo- af poor woman in the district of St. Luke's, - estimate for 1916 crop is $80,000 lbs:
refer to his dictionary, he would find that it will oblige us by having his own Finsbury, and in reply to his question re Forward Sales.-The following sales have
2 Philist ne is n name applied by remarks printed in pamphlet, form, too,garding her son's enlistment, she said, "I been made:-3 fous No. 1 Crop at 2/1 Germau students to shopkeepers and others under the bending of say:-"Philiatia's had nine boys; eight went to the war; four ner lb f.o.b. delivery monthly January! not connected with the university-an un-Views on Mr. J. M. Xavier's able lecture of them are dead, two others are worded. October, 1916, inclusive, 2 tons No 1 cultured person. Does it not strike him neat the Hongkong Currency Problem." But if the King wants my remaining boy Frene at 2/11 per h fob delivery month that be, also, may belong to the same Yours faithfully, and a Masha tell him he can have him even if I const go by January/October, 1916, inclus.re. category!
SMALL CHANGE, to the workhouse."
Ranter's Agency is informed by the Japanese Financial Commissioner in Europe that the following are the details of the arrangement entered into between the Rus agents of the Mint; but here, other banksven game in which neither player was asian and Japanese bankers by which the are allowed to do this, and by capriciouais bent Davis wor by four. Scores-Davis, latter undertake the issue of Rugia
bringing that secount up to $150,000....
..$50,000.00
5,000.00
In payment of a bonus to the
Slaff "Final Dividend of 28 per cent., making a total of 35 per cent, for the year ..
250,000.00 *Carried forward to next Account. 11,679.19.
"
"HONGKONG
Treasury bills in Japan:-The amount of the issue ia 50 million
yen (£5,000,000) in yearling bills at 5 per cent.. per annum The issuing banks, headed by the Yokohama Specie Bank, includo 17 Japanese banks, The proceeds of the issue, is has been stipulated, are for use only in Japan,
MOTHER'S LOST SONS.
HONGKONG-CANTON LINE.
Single Fare by Night Steamor. Baturn
(vailable also for return
by day steamer) Single Faro by Day Steamor Motorn
"
HONGKONG TO CANTON, 4
$6,0
10.00
4,00
8.00
CANTON TO HONGKONG.
FRIDAY, 31ST MARCH, 1916.
8. KINSHAN. 110 p.m. HEUNGSHAN,
8 L. HOFAM - 10 p.m. KING HNA.
8 8.x. HEUNGUHAN, 5 p. HONĀM.
SATURDAY. lar APRIL, 1916.
8 am, KINSHAN,
p.m. HEUNGSHAN.
HONGKONG-MACAO LINE.
8.8, BUT PAI, Tora 1,651)
8.8. TAISHAN, Tons 2,006. KHONGKONG TO MACAO. Wook days at 8 am and 2 pm from the Company Wing Lok Street Winela Sandkyn si 9 man, and 1 pm, from the Company's Wing Lok Street Wharfi,
MACAO TO HONGKONG
Week days 41–7.30 im, and. 2 p.m. Sundays et 7.30 am, and 3 pil. EXCURSION TO MACAO. SUNDAY, 2ND APRIL, 1916.
"TAISHAN
The Company's New Steamship
ផ
Will depart from the Company's Wing Lor SreRE? WHARS «i. 9 s.m., and redu.... tros Muono at2 p.m.
NB-The Company will also ran_ ■ Biasmer from Msono on Sunday at 7,90 sad from Hongkong at 1 paz,, from the Company's Wing. Lok Street Whart
FARES' AS USUAL,
MACAO-CANTON LINE. 8.8. SUI AN..
Departures from Maowo to Canton on Monday, Wednesday and Friday, s119 pas,
gavinzen from Canton to Macao on Tuesday, Thursday and Saturday, whjá.30 pau 19INT 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.
88. BLINAM, 598 ions, and 8.8. NANNING, 569. tour, Ons of the above Steamers leaves Canton for Wuchow every Monday, Wednesday and Friday, at about 8 s.m, and the other leaves Wacker for Canton on the same days at 8.30 Round Stips take about 5 days. Passengers can return to Hongkong or vice verma by the Company direct Steamers LINTAN and SANUL, These ressels have superior Cabin socommodation and are lighted throughout by electricity. Electric Fan in each Cabin.
Booking Office open daily (Sunday exopted) 9am. to 5 p.m. Further particulars may be obtained at the Office of the~~
HONGKONG, CANTON & MACAO STEAMBOAT Co., iÆD,
Hotel Mansions (First Floorì, opposite the Blake Pier.
Grown on British owned plantations
in the British West Indian Island
of Montserrat.
Slipped in British vessels.
Montserrat
Lime Juice
The finest health beverage, Warranted
by a British firm of world-wide renown
Of All Storekeepers.
Liverpool & London
(128
338.3