Page
INTIMATIONS
WE WILL DELIVER
THE HONGKONG
"MOUTRIE
PIANO
for $50.
You pay the balance in small monthly instalments
that will not embarrass you."
EVERY INSTRUMENT GUARANTEED FOR 5 YEARS.
FULL PRICE ALLOWED FOE PIANOS TAKEN IN EXCHANGE.
S.Moutrie & Co., Ltd.
BALLANTINE'S
DAILY PRESBS, TUESDAY, FEBRUARY
OUR LONDON LETTER.
FROM OUR OWN CORRESPONDENT.]
LONDON, New Year's Day, 1917 IMPERIAL CONFERENCE.
6I¤, 1917.
SILVER MARKET IN THE PAST YEAR. HUGE EUROPEAN DEMAND.
We publish below. extracts from Mesara,
the Central Powers, and a full half of THE that Army .Buffered defeat on the Somme this year. We can rest well con- tent with that, knowing as we do that before rext Summer the other half of the
same Army will have another und heavier Mocalin & Goldsmid's review of the drubbing.
silver market in the past year. One of DOUBTFUL ECONOMY
the most important statements made therein is that the huge demand for the metal exceeded production, and that there is & probability that coinage orders will
in the coming, year exceed the available production
One of the most stateaman-like things the new National Ministry has done to far has been to summon an Imperial The limitation of meals in restaurants Conference. There is
proof of real is a full operation, and while the public insight behind the act which led to the converted take it more or less philosophie- issue of invitations to the oversea Pre-ally (as nearly everything is taken in war misis, with representatives of India, to time in this erstwhile Land of Liberty), attend a "Special War Council of the it is not exactly apparent how the policy Empire. The gathering will take place is going to help to conserve the nation's before the end of February. It is pretty food supply. The limitation is applied certain that the public at large are only to the number of vinnds-not to the unaware of the true significance of this amount eaten. There is obviously bold departure in Imperial policy; but difference in quantity, consumed in Soho informed opinion is much gratified. Tao cafe and i Simpson's Imperial Conferences held hitherto have course, so is fish, so is a eut off the joint 70/7-364., tower, the range has been
Soup is
庭
The silver market during the past year has beeu que of unusual interestings- much as we have to go back to the year 1890 to find such wide fluctuations in the price. In that
year, owing to serious
financial panics in London and New York the range was 11d., the highest and lowest quotations being 54d. respectively; and this
whilst the level of price has. year. been decidedly
highest and lowest. being had the inherent delect that from first so are sweets, so is desert. But you enn 3rid, and 20/11-160 respectively, as so last they were little more than occasions not have more than three courses. In shown in the table below. The present
years
however, is especially remarkable, for scademic discussions and the inter-practice the plan i, absurd. A man may as the maximum ductuctions were record change of opinions on over-ses questions patriotically and for the good of his ed in the first four months and three days, after which there was a fall of Bld. and The sittings were presided over by the digestion content himself with a little a subsequent
HONGKONG POLICE RESERVE.
REDBUITI
All Recruits in possession of uniform. will attend the Inspector Uniform, caps, nad covers, but without rifles. They will parade under the Sergt Major at Central Station at 6.30 p. on Wednesday and Friday, Fel 7th and 9th.
ANNIVERSARY.
The Superintendents and Inspectors of the Police Reserve invite all ranka and their Indy friends to be present. ata Variety Entertainment to bo held at the Theatre Royal on Satur day, Feb. 10th, at 8 pm. The ar rangements are in the hands of Staff Inspector Wildin and P. 659 Grimble
A certain number of tickets will be issued
to each Unit. Unit Commanders will
report the estimated number of tickets required at the conclusion of the Company Parades on Feb. 6th, 7th, and 8th,
(Sd) 1. 0. JENKIN,
D.S.P. (R.)..
FRENCH FOREIGN TRADE.
Colonini Secrcjary, and were hardly more soup, a mouthful of fish, and a mille the year of Beavery in the last half of of French foreign trade for the first 11
than departrightal. The scope of the pro- pudding. On the other hand, there is [20-2*eadings, therefore, had obvious limits nothing to prevent him from ordering. tions and lacked authority. Now, all in addition to the soup and the padding, this is to be changed. The delegates will a whole leg of multon and eating it, if The free to tako a share in the prosecution he is able. Limitation of meals may be of the war as members of the War Cabinet all very well from the official point of special and continuous meetings, view, but unless a limit is put to the and also, in due course, to have a voice in amount of ood consumed per cupit framing the possible conditions of peace is simply foolish to talk of this sort
thing as economy of the nation's food
BEER AND STOUT
TEL. 685.
TRADE
Wolded to
MARK
PERITY, QUALITY AND FLAVOUR
· WITH
"THREE RINGS
DONNELLY & WHYTE,
SOLE AGENTS.
HIGH GRADE
HALF
HOSE
Men who have worn and appreciated
the Quality and Comfort of our Half
Hose will be glad to know they can
now secure the newest styles for
Day and Evening wear.
25
QUALITIES RANGING IN PRICE FROM 80 cts, per pair,
NEW GOLF HOSE IN SMART DESIGNS
MACKINTOSH
&CO., LTD..
MEN'S WEAR SPECIALISTS,
16, DES VIEUX ROAD.
REMINGTON No. 10.
OLIVER No. 5.
UNDERWOOD No
L. C. SMITH No. 2.
TELEPHONE 29.
1108
$100
$100
5..
$125 $90
SMITH PREMIER No. 10 $90
Machines are in first class condition and ready for immediate
delivery.
Apply
190
WILLEM HEYBLOM,
POWELL'S BUILDING,
12, DES VEUX ROAD.
ASAHI AND SAPPORO BEER.
W
2973%
have been Appointed SUB-AGENTS for the shove Bear and are prepared to
accept Orders on retail bazia,
HATSUMOTO & Co.,
187, QUEENS ROAD, LAST, TELEPHONE 86%
EPOCH-MAKING EVENT,
it
of
The statistics showing the movement
munitas of the past year are of more 1010 1915 1914 1913 1912 than ordinary interest. The balance of Highest quota. 373 271 270 trade indicates an apparent deficit of 244 Lowest 261 221 22 2020 millions sterling the difference between. Range of prices 10 16 1384379 millions sterling, value imported.
23 2848 2 27 28 Average price
and 134 milions storle
sterling, value export- In March the Indian currency returns ed attracted a good deal of attention on its being realized that there had been a de As however, these figures are based on crease in the holdings of rupees of no less cater obtaining in 1914, it is, in the than 18 crores since the previous August pinion of the French Cantoms officials, This demand for rupees was no doubt tecessary to increase them to 90 per cent some extent due to the payment of troops for imports, and 50 per cent, for exporta, Mesopotamin, Egypt, and East Africa, if we are get at the reu, defeit. In but to a far greater extent to the revival that ease the value of imports is 720 mil- The step decided on shows wisdom on
of the expert train in India, which dens sterling and of exports 200 millions the part of the National Ministry: I
veloped more and more as the year astarling, wring a balate against France vanced and as the monsoon proved to be of 20 million sterling, indicates in the cleatest possible manner
exceptionally good. During Maren ship Appended are the comparative figures fall recognition before the world of the
I believe the truth is that for a long ments of sycee were made from Shanghai in millions sterling (omitting fractions) to India, and it became generally re- for the traf 11 months of 1910 and 1915 patriotism and the efforts of the Damn time after the early days of the year cognized that the India Government were rospezza ya
Chinn whilst
Jan Noy, Jan.-Nov.,; ions in connection with the war. Like great deal of extravagance was widonut-making large purchases
I
*1916":
2015 some other great events that
edly indulged in by people diving in the they were also buying quietly here. "have
was, however, in April, during the while
(inclusive (inclusive). influenced the course of British history, more expensive hotels and restaurants in of which month the India Government the Conference comes unhere cel, but the West Ltd. They were meatly Army bought to London, silver, that competition Foodstuffs 111,000,000 £ 91,000,000
in huying for hang and Continental coin Raw material who will deny that this G Excentive officers and their friends, with a sprink ago caused the price to go up in leaps
for industry 147,000,000 119,000,000 Cormeil of the Empire.
may prove epochtig of the idle rich," as the Hyde Park and bounds, frequently more than 1, per Man u inatured
orators of pre-war Sunday mornings use
marking and destined to open a vista of unlimited possibilities in the domain of Tmperial Govorament?
BITLE OF THE SUMME.
supply.
MASQUERADING A NECESSARY MEASURE OF
WAR SAVING.
during the month. ox in a day, and rising from 20 to 25ld,
AVOIDANCE OF GOVERNMENT COMPETITION,
شان
from Chiniais
Imports
gieda
Total
120,000,000 [82,000,000
£378,000,000 £255,000,000
Foiseuls £15,000,000
Exports:
How material for industry... Manufactured
goods Parcel post
Total
£10,000,000
26,000,000 $2,000,000
85,000,000. 00,000,000 $9,000,000 5000,000
£14,000,000 £107,000,000
label everybody possessed of nimple nisang to spend on pleasures Although and a further 2d. per oz. bruixing i
Between May 1st and 3rd the price ad- few are adle, in these days, there are still up to aid and it becnine evident that
be in the Sir Douglas Haig's official dispatch on
sump who love to display their money there was danger of the price going to
level at which it would pay to reel the Battle of the Somme, issued two days with ostentation. Apart from this elnas rupees. It was consequently felt the ago, 15 the best **war news wo have had which is met with everywhere at all times, some arrangement must be made by the
Various Governments, then buying. fer a while. It is a masterly account of it is obvious enough why military others avoid this wild competition. Without the fighting which began on July 1st, and often dined well, if unwisely. They were going into the details of the arrangement Pad then made, it is sufficient to say that the contioned in threg successive stages until (and are) constantly going to or coming effect was almost instantaneous: the price November, The directness and matter of from the war, and it be culy human na falling in the course of June to as low as fact style of the grim antistave brings out ture that they should want to have 301 though this sharp reaction wis nisa very largely flue to enormous sales f more graphicaly than most any other good time.!!! Out can imagine a mat
The death occurrol at High Biching form of description could do the fall warned for zet varie saving to him. Owing to the political unrest of Chiunton, Noril Devon, on December 4th, this time the untive banks sent 1916 of Colonel Bernard Channer, meaning of the great conflict-a conflict sell, Well, I shall enjoy a first-rate din large consignments of sece to the D.S.O., Beend son of the late Colonel not yet finished, but destined when it is ner before I go perhaps it may the latter, taking advantage of the the late General G. Nicolas Channer, exchange banks in Shanghai, and Girdwood Channer, R. A., and brother to to rank as probably the greatest the world last time I shall have the chance. And profit in exchange, exported the groot, C.B., V.C. Colonel Channer saw a great has ever scen." The must striking feature similarly, one can understand a man which considerably helped to satisfy the deal of service both in India and Burms, of the Somme fighting is that it is not so coming hack from the firing-line, which requirements of the Indian Government and was the first recipient of the D.8.0.
and which left the London silver to he much a battle as a series of sieges, and is only aucther name for the Gates of
Furchased for home and continental coin
continually coming ussaully on fortified positions, which are Hell, ordering the best to be had at age orders, which were all the more formidable because they are Prince's, or the Carlton, or the Bros 1 on the market. The downward teadentry figures, and such variations as there have the changes in dug into the ground instead of being con- any case the gallant fellow always had continued, and during July as low a price been were due more o
August and Ser the price than to any great increase or as 280. was reached. company. To tember, by which time the extremely goud depletion of the actual weight hold, the structed above it. The task of reducing a few friends to keep
monsyon had become assured, saw a much figures at the last count taken showing these positions is necessarily tedious and my mind, nothing is more natural than firmer market. October was a mouth of the present stock to be worth about difficult. When one line of entrenched this and there are few indeed who would extreme steadiness the highest and lowest £1,000,000
quotations being 22{d, and Wid, respec-
MENT PURCHASES, fortifications is takon a secund is found not do likewise in similar circumstances tively While on one band the Chinn our last anual circular we stated Ixhind it, and then a third, and then a With so much foosting in marble halls exchange was rapidly drawing nearer to that the principal feature of the year 1913 had been the abnormal purchases. fourth. To throw masses of infantry superficial observers might think that the parity and sales from that quarter be against such hinng would be useless people of England, were spending their came less profitable, on the other the offer for the Royal Mint, which ammated to
ings
from New York became very much nearly £3,000,000 During 1916 this slaughter, as the Germans found out for substance in riotous living in war time; larger. Whether these were accumule amount was exceeded by about £500,000, tions, or whether the higher prices quoted but these purchases appear almost insigni- themselves at Ypres and later on it specially as there are also picturesque earlier in the year induced the mines to ficant in comparison with the amounta Terduu; and therefore the aim is to make stories of munition workers squandering work hitage of the market, we they entered the market in the middle of pressure in order to bought by the India Government since secure the the gune do the work of men by pulveris- their large earnings on pianos and silk do not know but certainly the require February France has bought nearly ing every yard of, ground occupied by the dresses for their wives –n heinous crime,ments of the London market ware for a £2,000,000 as compared with £1,100,000 in enemy, destroying his trenches and dug truly And so we come to official zeal the shipments from there were unusually from this country have been small, bas time very freely met by New York, and 1915, and Russin, although the shipments outs, and literally blasting a way through for excnomy, of which the limitation of heavy On the whole we rather incline to undoubtedly taken considerable amounts, for the advancing troops. It all takes meals in pablic is one manifestation, It the latter opinion, as, making allowance as she made important purchases in
San tine, and requins unlimited quantities of is, however, by common, consent, au absurd Moxies and the large poenta from Nen the speedy in the year, much of which and irritating interference with personal Francisco have retained at a high level greatly reduced ameuat, of gold available guns of every calibre and ammunition..
Arborica, have liberty masquerading as a necessary mea
Since late BALF THE GEEMAN
MAN ANY, REFUSED.
this time. In the meantine China and notwithstanding the general prosper- Noodless to say, the story told by the sure of war saving,
exchange had been rapidly advancing, ity of India, have during the greater park and early in November reached parity of the year heen very inactive, the total Cominder-in-Chief has filled the coun FATALISM.
Chin enl came the market as a good imports to Bombay on their account being try with pride and, with renewed con
Every bullet has its billet is a buyer.
than one million sterling. Owing to The men of and Inding bought in San Francisco orders from Shanghai came on
on the fidence as to the ultimate issue of the proverb with the soldier.
prosperity of the North American the London market, with the result that Continent and the war profits mundo in war. It will silence the bleatings of the the New Armies believe it, because war within the art 18 days of November the this country, the demand for the Arts his cronkors and the faint-hearted. These |—ant especially was under modern con- price advanced from 22/d; to 344d, and undoubtedly been above the normal and for the first time for my mouth this, with the large requirements for ditions-makes them all Fatalists shipment was made to Shaaghei from *Dismal Jimmica have asked what was
of silver far in excess of the the use of so much effort wil sorteo if very man knows he may fall any minute London, oftale already referred to, enused an from the bullet of a rifle fired by an This caused profit-taking, at the end of six months only few toon marlauany of us away, or, by a big but hin, advance comedor salad (
world's production for the year. square miles were recaptured from the gun shell projected arough space from
beyond the horizon. It is Kismet one between November 17ly chemy, who still stood firm? The British This spirit of Fata has its poets, one the price advanced almost daily till General tells us that the object of the of whom bas produced a song popular in 35 15-16d was reached. During the first week of December the quotation remained France and lamiers, which they sing at about this level, but the Indian sur offensive was three fold, namely: ) To they march up the long, white roads that elieve Verdun, (9) to ist the Rus lead towards the zig-zag trysting place showed a decrease of over four orores in
returns, which within
fortnight siang and Italians by stopping the with Death called the trenches. Here is the stock of rupees, again attracted atten tion to the abnorical demand for rupees transfer of German troops
and the price advanced from 360 to 30 between December 9th and 13th. On the
eng day the following
There seems a probability of the coinage the India Government an- rohnced their decision to restrict the demand again exceeding the available allotment of Council bills and telegraphic production during the coming year and transfers. For the time borg Sections will no longer be act how far these demands may be met from prospects certainly appear rosy but ted, China is a matter of uncertainty, and and sales will be confined to each Tedes apart from the stimulus Isn't that amazing beyond all literary day, thue checking the recent heavy re there may be other forces, whose effect is to production analysis? It is Oriental Fatalism mixed mittance. This announced to las not yet discernible, tending to increase with Western religion-a contempt of bombshell on the market, and the follow- death which is magnificent, a stanga which ing day the price advanced to 378, the supply should silver remain in only the British soldier, could sing, and highest price touched since May the neighbourhood of 38 on me the and the ingrained traditions of a thou the beginning of the year was about which case the close of the year might which in a few lines tells of pride of race
The stock of silver in London, which at over, & bad monsoon in India would prob ably check the demand materially in sand years
find silver considerably cheaper than it is now Times,
from
the Western front; (3) to wear down the strength of the German forces. Each of these objects was fully achieved. The Germans have, of course, proclaimed that the aim was to break, through, capture Lille, and advance on the valley of the Sambre; and, on the strength of this as sertion, they claim a victory. In the same ground they have, as pretendal vie- tors, proposed & Peace Conference Sir Douglia Haig, on the contrary, says:
The German Army is the
one verse in The Bells of Hell go ting-a-ling a ling
For you, but not for me.
For
me the angels sing-a-ling-a-ling, They've got the goods for me.
O Death where is thy sting-a-ling-a-ling ? The Bells of Hell go ting-a-ling-a-ling
Grave thy victorent,
For you, but not for me I
HENRY BARNES
the shipment from
£600,000, has not varied much from that (Continued of Joot of next Columnn.)
coined in Japan,
The Indian bazaars, in spite of the
PROSPECTS FOR 1917.
of supply other than pro duction, which the high level of
a
cus
has brought to market, is he sale of 1 million Philippine pesos to the India Government in May, and a similar addition to the about toren been amount to Shanghai in November. In
have South American cons, and a few parcels of Maria Theresa dollars have been ex- ported from Aden.
the