Page
66
INTIMATIONS
WE WILL DELIVER
TEL HONGKONG DAILY FRESS. WEDNESDAY, JUNE 27TH. 191)
MOUTRIE PIANO
for
$50
You pay the balance in small monthly instalments
that will not embarrass von.
EVERY INSTRUMENT GUARANTEED FOR 5 YEARS.
CANTON NEWS.
· [FROM OUR OWN CORRESPONDENT. }
CANTON, June Esth
♦♦ INTERRUPTION OF THE TELEGRAPH LINE;______
It is reported that the telegraph line between Tientsin and Peking is inter. Tupted. The official and commercial circles have not received telegrame from. Peking and other northern provinces for several days. The present political condi- tion at Peking is therefors noknown...
TELEGRAM TO ALL PROVINCES PROM THE PRO
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120-3
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Sole Agents:-
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SHANGHAI.
Let little Daniel be your guide
DANIEL CRAWFORD'S
RED STAR WHISKY
and you can't go wrong!
1764:
DONNELLY & WHYTE,
SOLE AGENTS.
NUBIAN
LIQUID WATERPROOF thshing over BLACKING
The Provincial Assembly has recently addressed a telegram to the different pro- vinces stating that they regard the Pre- siden's mandate for thisnissing Parlia ment as illegal because His Excellency was acting under threats from the mili tury Tichane nasembled at Tientsin. GENERAL LUK WING-TING UNWELL.
The local government has received a telegram from Inspector Gondral Luk Wing-ting announcing that he is unable. to proceed to Canton at present-on ac count of sickness, He will however, return a soon as he is able to do 10.) ARRIVALS FROM BHANGHAI.
Won Chung-yin and Tang Shin-yce will shortly be coming to Canton from Shanghai in order to discuss political affairs with the local governors Ma Won is the representative of Shum Chun- hsund, who is now in Shanghai and un- able to lazyel owing to ill health. PUBLIC MEETING APPROVES OF
EXPEDITION.
MILITARY
A public meeting to discuse the question
of opposing the independent provinces wsu held on the 19th instant. The attend aneo included. representatives of the local governors and all high officials. Lai Yung, an old man of over ninety years of age, vas selected to preside, and specchervers made by officials and prominent representatives of different interests. As a result, it was agreed to. raise troops for fighting against the in dependent provinces. After the meeting a big sum was subscribed to support the local government's military prepa
preparations, FOKIEN CANCEL ITS INDEPENDENCE. T
The lors) government has received a telegram from the Military Governor of Fokien stating that the President hav ing issued a mandate dismissing. Parlín ment, the province, has canceled its do claration of independencend declared ita loyalty to the Central Government, CHANGE OF THE CHIEF OF THE FINANCIAL)
· BUREAU
Yin Kar-cho, chief of the Financial Bureau, has again tendered his resigna- tion and it has been accepted by the local government Tin Buing-pun has been appointed to the vacancy.
CLAIM FROM CANTON-HANKOW BAILWAY.
The Canton-Hankow Railway Com pany aufered great foes when the fighting was, in progress between General Lung Chai-kwong and General Les Lat kwan last year. Mr. Au Kang cheong, director of the above Company, has made out a statement of claim which has been seat to the Ministry of Communication at Peking, and the local government has been instructed to atisfy it as soon as the financial :state of Canton permits-> GABIULING IN BAMSHTI VISTRICT,
The magistrate of Samshu is reported to have granted the merchants permission to resume fan-tan gambling on payment of three hundred dollars per day The Sainan district is now crowded with gambling houses, which started business on the 23rd instant. The community is wondering whether this is authorised by the local government.
RELIEF OF SUFFERERS BY THE FLOOD.
GENERAL
WAR CHARITIES.
(SUBSCRIPTION LIST NO. 16)
HONGKONG AEROPLANE FUND
LIST NO. 11-FUND CLOSED.
C Edgecumbe
Mr. D. Jaffe
1,000.00
Hongkong Gymkhana
Club
A. McIntyre (2nd donation):
a/c Gwcopsi
384.30.
J. Owon Hughes
Some Members of the Hong-
Kwong Mu Ter
kong Club
Ming Joo Tai
93.73
Ojagar Singh (Mouthly" -sub-
scription)
-10.00
Chu Ka
Mr. 8. G. Nowall (Monthly
subscription) Razzle Dazzle
40:00
10.00
Staff-Messrs. A. B. Wntión
& Co. (Monthly subscrip tion)
Stall-Messrs. Dodwell & C6; subsctip- Ltd. (Monthly tion)
Kwong Mui Seng
Proprietora of the Hongkong.
R. A. Nicholson
Sykes (2nd donation). MEGANE
59,00 Thecla and Andree
Eastern and Toun For Mo Tai
Theatres
80.00 Rov
Ladies Working Party of the Union Church Monthly subscription)
Snooker
-50,00 8,00
Staff Messrs Lane Crawford
Co. (Monthly subscrip tion); Wa Britishers (Monthly subscrip-
tion
350.00
100.00
Mr
ly subscription)
subscription)
Messrs. Pentreath
& Co.
5.00
10.00
100,00
Siu Woon (Month-
Mr. Rapcock (Monthly
(Monthly subscription) Mr. C. B. Brooke (Monthly
subscription)"
25.00
5.00
Chief Inspector Kerr (Month- ly subscription) ..................................... Inspector Gordon (Monthly
subscription)
3.00
Sergeant Cooper (Monthly
subscription)
1:00
Sergeant Willis
(Monthly
subscription}
100
50
2,000.00
950.00 50.00
Indian Constable" 247, Ali
Ghaur (Monthly sub.) Proceeds of sale of tickets ut the Hongkong Cricket Club Tennis Tournaments HE Sir Henry May, K.C.M.G. (Monthly sub.). MC Thorne (Monthly sub.) Collected from the boxes at Peak Tram station, Star Perry Pier and Blake Pier LN, L. (Montaly sub.) Mr E H Rayment Tail Bingh Kowloon – British School
(Monthly subscription). Messrs. Alex Ross & Co.
**** 2,000.00 My W hard PedersCH
(Monthly subscription) Mr. Vald Bjerre (Monthly
subscription.)
Mr. V. Ankerstjerne (Monthly
subscription)
His Honour Mr. H H. Gom
pertz (Monthly sub.) Mr. E Davidson (Monthly
subscription)
Mr. C. E. H. Beavir (Monthly
subscription)
Hr. E. LAgessiz (Monthly
subscription)
Share.
Hon Mr EH. Sh (Monthly subscription) Mr. C. G. Alabaster (Monthly
subscription)
E W L Martin, B Aveline, B, Bar- rotto, WC Bird RD. Thomas W. Tulip, Hon. Mr. HE. Pollock, 6. 8. Lobsang, D. Bartolini, Eldon Potter, W. A. Butterfield, H. Smythe, „Capt. Eddy, 810 each; J. Eldridge, AB Eldridge, J. H. McGuigan W. O, Connor, E. J. Higginbotham, AGW Harlow, H. G. W. |_ Buche, A.- Coe, T. Jones, W. Johnson, G. McCallum, E J, Weatherhead, HW Stringer, S. Hidden, C. Y, Mitchelmore, J. Ormiston, R. Hunter, W. McCubbin, W. Johnson, G. H May, Capt. Ponkey, F. A. Coleman, Mrs. Colemen, Capt Alcock, J Hyde, E. J. Bunje, H. W. Page, Shing Hop, and Tung Wo. So each
Chang Taz Tin S, R. J. Everest, JE Kyuoch, E. B. Smelt, A Nichol, A. E. Clements, J Jack, 8. J. Clarke, L. Koy, __8% each, V. C Labrum and
J. Smith, 31 ench Members of the Craigengower-
Cricket Club, per Mr.R. Basa: JEN Mody (2nd
donation)
R. Basar
$100
50
Dr. JH. Kow
20
EE THE WAllen,
50,00
W W. Edwarda. 5. E
350.00
5.00
Ismail, and J. Joseph,"
$10 each
50
19.20
D K Kharasz and P. A.Z
Jamsetjee,
each
10
10.60
10.00
20.00
20.00
-20.00
Per M. W. T Elson (2nd list):
CW Falk
$220. 10.00 W. A Piper, S. E. Firth, *OL MacLaren, W. Drum- mond, Capt. Holmes, and N. Colquhoun 810 each 00 A Petterson, W. Sander
son, A P. Haderup, E. FitzGibbon, JR. Nickels, D Tellingham, J Sinclair, C. B. Speirs, * H. Thomas H8 Alli $20.00 BikeS
— son, F. E, Lane. 25 rach 55
30.00 Per Mr. A MeKirdy:
J. Dalziel.....
48.00
Ginger
100.00
Orderly avagy
21.10
Staff G. PO (Monthly
subscription)
42.65
Anonymous (Monthly sub). Mr. 1 W. Bonnar, ......... W. B. S
20,00
300,00
Phi (Monthly subscription) Found in Hongkong Club Mt. JW R. Allan
PFT FUND -----
20,00
20.00
30.00
$15.00
Monthly subscriptions IND SOLDIERS & SAILORS— AW (Monthly subscription)
Navy & Dockyard
2,372.50
5.00
128.10
Messrs Patell & Co. (Monthly
subscription)...
25.00
Monthly subscriptions"
307:50
Mr FG Becke (Monthly
subscription)
10.00
M. S & EG
Monthly subseriptions
10.00 37.50
208.09
20.00.
126.10 18.50
STAR & GARTEN
LOBD ROBERTE MEMORIAL WORKSHOP-
BE Bir Henry May
K.CMC., £45
FLENCE BELIEF FUND
Anonymous...
Navy & Dockyard Peak School (Monthly sub). SCOTTISH WOMEN'S HOSPITALU
Collected at a recital given by Mr Denman Fuller, FRCO LA.M. on the new organ at the
Union Church OFFICERS FAMILIES FUND →
(Monthly subscription) - Hon Mr H. E. Pollock
Mr H. B. L Dowbiggin
Monthly subscription) PJ. L. O. (Monthly sub.)... RED-CHOES ——
PRISONERS OF WAR:
W H. Bennett Stuff G P 0 (Monthly
subscription): HOLDIERS & SAILORS FAMILIES
TION
P. J. L. O. (Monthly sub.) MH. A. Nisbet (Monthly
subscription)
815
20
W. M. Scott, A. McKirdy,
$10 each D. Templeton, B. A. Fer guson, J. Mitchell, ~J McIntyre, Dickie, H. E. Herron, W. Bassford, H. T. Heath, S. Boulton, J. Ferguson, WV. Hurd- wick, Aitken, W.-J. Hill, W. C. Jackson, T. Bateman, A. O and A. Carmichael, $5 each .......... 85
Amount previously acknow
Judged
Tobul
PREMIUM BONDS,
SOME OBLECTIONS, TO THEIR
ISSUE
75,00
·50.00
In un article in the English Review 50.00 20.00-1 Mr. Raymond Undclyffe points out rome, 25.00 | objections to the issuing of prerinn 25-00bards, as a means of raising money. The 95.00
arbicle leaves nothing to be desired on the 24:00 tore of vigoare Mr Radclyffe, decures 20.00 at the clique who are engineering
20.00
∙130.00
20.00 | agitation in favour of premium bonds 20.00 have been going about saying that the Government would shortly bring in ♫ 11.00
Bill to make this form of gambling legal!!
He did not believe that any Government would waste its time over a Bill to legalizo lotteries when it was wondering whether it would be in othe when the first premium bond isane was made. It was true that nearly everyboily liked a gamble, but that did not mean that gambling was a thing to be encour aged by the State Wrap it up however, its supporters might, a premium bond issue was only one remove from a lottery, State lotteries were found in Hungary and Spain, but those countries were hard- ly examples of financial strength. Grent Britain had always led the world in fins ance; she had kept her character for hun esty and her business mea had long ago decided that
145.00 illegal, but stupiteries were not only Those who favoured premium hond issue, continued Mr. Radclyffe, could not think clearly on matters of finance They knew that the daily war expenditure was six or seen millions, and they concluder 21.00 that any kind of loan was hetter than to loan at all They were won he cause a loan Wils only a credit added. nothing to the wealth of a country unless, of course, foreignors subscribed. Tho whole art of finance was to borrow a cheaply as possible, but there was nothing more expensive than a premum bond issue. It was very necessary to our credit to keep loans as near the issue price, as posible. A premium bond issue could not be kept at any price at all. As soon as a series had been drawn and the pre- miums paid, the price of that sories foll 230.00 to a figure commensurate with the raino of money For example, it would he found that in a 3) por cent, nes had premium bond issue in which
already been drawn thin series would stand at 50, whereas B series which had not been drawn would stand at 100. Thus those who subscribed at par and did not draw a prize would find their capital reduced by 50 per cent. No serious per- Bon would subscribe and large sum to i
Ponant Lord issue and no banker world Jendanore than the rate of interest (ex- prized) would justify. Consequently a hundred millions premium bond issne after the prizes had been drawn would, supposing the rate of interest to be 21 per cent, sink to a value of fifty millions. It would, therefore, be impossible to make any large issue, or to obtain any impor tant sum by means of rentium bonds: Such issues were only made by second- rate Continental cities who had exhaus.ed their credit, or by fifth rate bountries who had hardly any credit all The 18ss of premium bonds by Great Britain would lower her credit to that of Hun- gary or some similar: State The fact is
The article continues The premium bonds are a humbug. They are 130.00 a sort of financial trap. If we make an issue at par bearing 3 per cent, and give $1,171,00 away 2 per cent in prizes, it simply means that everyone who subscribes con- tributes towards the prizes Educated 10,805,39 people understand this, I am perfectly
$11,976 39
This fund is now closed. Collectors are requested to send in their sheets as early
8 possible,
WAR NEWS:
RACING STOPPED
The Jockey Club have cancelled all fix tures in pursuance of an intimation from the Way Cabinet that it considered un- desirable any further racing 337.44 Corn shortage is the reason for the
stoppage
An order providing for the rationing of thoroughbreds so far as is considered necessary to maintain the breeding of bloodstock will be issued
30.00)
$25.00 10:00
10.00
24.75
ASSOCIA
The Civil Governor has ordered the Financial Bureau to pay fifty thousan dollars for the purpose of relieving those who were rendered destitute by the reELTER OF DEFENDENTS OF SOLDIER
cent floods,
EMPLOYEE'S EXCESS PROFITS.
An interesting point ander the amend ed Excess Profits Act was decided by Mr. Justice Burgant in the Chancery Court recently
The action raised the right of a firm to recover from a particular employe the exorse profte duty paid by them an his increased remuneration. The employé. was paid as remuneration a sam equiva lent to a share of the net divisible profite.
one
of the half-yearly periods concern
In
ed the accounts showed that there became due to him £7,660, and the main question was as lo the excess of that Buth over his pre-war half yearly remuneration.
His lordship held that it was abuj
SAILORS
Standard Oil Company of
New York BELGIAN RELIEF FUND --
An anonymous Correspondent of the Hongkong Daily Prens
willing to admit that the working eletess would gladly subscribe to a premium £1 lote, and if there were large numbera bond issue if the bonds could be sold in of small prizes. But those who have had experience of such issues are well aware that the expense of paying out interest on Buch small
bibitive amounts is almost pro Dealing further with the costliness" premium bond issue, Mr. Hadclyffe de clares that small bankers in Continental provincial towns could testify that though they had no difficulty in obtaining good subscriptions, they had been con pelled to abandon this method of raising money because the expenses were enor¬ moue, It would be necessary, if an irene were made in Great Britain, to eat a potwork of agents to sell the a commission
They
The
a handsome commission and other industrial inSU could tell the Chancellor commissions and expense Chancellor who been fol
SPRING-CLEANING WITH BREAD foolish people into making
At a meeting of the Burton-on-Trent the bands of the Prudential and pay thems
bond jaane he would put the mattakin Education Committee recently, Mr. Bala commission on the result. It would be mer, a member, said he overheard a con-impossible to tap the poorer classes in versation between two servant girls in any other way. A Chancellor who made 10.00 a provision shop in the town. They were premium bond issue for the purpose of
discussing the progress of their spring tapping the wealthier classes would de 25.00 cleaning and the difficulty of getting serve to go into a lunatic asylum. This paper-hangers, when one of them said sounded a hard phrase But it was true, *We have cleaned our drawing room and the result of the last Victory Loan walls with bread, and we only used four proved it. In that Loan the Chancellor. 5,000.00 loaves.
Oh," said the other, we have only banking world, made the rate of interest arting against the advice of the whole used three loaves on our drawing-room 3 per cent. He achieved a gigantic suc Buch people," said Mr. Balmer, of new money from the wealthy and the He obtained a thousand millions. ought to be made to eat the bread after educated middle-classes. The working such use."
classen camo ih with a little bit, bot was only a fc bite. The last Loan show- BOYS WAR BONUS STEIKE.ed that if cleverly managed there was no
limit
to the amount of money that the Nearly a thousand dissatisfied boys and nation would put up when inspired b 20,750.38 girl employed in the Army boot trade patriotism. It did not care & Tap for
at Northampton struck work recently and interest. It wanted to
the war. It held a meeting
knew that the war could not be Among the speakers was a boy of 117 out loans, and it would the He said he was receiving 34s, a week and whatever it was naked to & war bonas of 48. Another boy speaker, therefore, bother about much also 17 years of age, said he was getting and expensive methods of raisi 389, wild a similar war bonus Both as premium bonds 1, THE MOTORISTS FAREWELL TO urged that the bonus age should be from Ho we very much afrai
Already acknowledged
10.00
$15.838.28 620422,164;67:
$437,792 85 417,032 47
Amounts remitted, etc...
Balance in hard
NJ, STAUB
(Hon Treasurer). Hongkong, June 28th, 1917,
THE BOAD
ly clear that if not actually a manager the cheploy was at any rate person toncerned in the management of the buainess.
The new petrol restrictions under which Therefore his employers were petrol will henceforth be unobtainable for entitled to recover from him the excess private and pleasure motoring came into profits duty in respect of the amount by force in Great Britain on lay late which his remuneration was in excess of curtain is clown on factoring until war the pre-war rate
agitation in favour had been got up by peo There was a lot
Icsted money
hat the Jumbonde
made it
16 upwards, and not 17.
After listening to the speeches of trade anton officials, who urged that the young- sters should go back to work, & resolution bond issue for the prope ho was carried accepting the manufacturers and ran terms and consenting to return to work for the unfortunate
trike resulted
ernment or number of cipality that was deinded into attempting being tile for the day.
to raise the wind in that manner.
ere