THEATRE ROYAL. THE GREAT SUCCESS IN THE FAR EAST. THR
:..
BRITISH TRADE IN CHINA
(Continted from page 3):
THE HONGKONG DAILY
PRESS, THIESDAY, JANUARY 15TH, 1990.
"INTIMATIONS
A. G. DA ROCHA.
G.
In 1873 the exchange value of Chinese currency began to fall, and (taking 6
the pages of the annual Casioms returns. THE RATIFICATION OF THE After accompanying Dr. Morm through. the three phase be had depicted so clear- ly, it was necessary to consider bow Groat Britain stood today vis-a-vis with Chins,
RUSSIAN GRA D OPERA per Customs teel as par, or 100 per when she had just emerged from a four dates to me the following translation of
CO.
Personal Representative ... L FronCROFF.
83 ARTISTES 83 In 1991 the fall became more rapid, and
years' war and was very eager to resume her commercial activity, and Chica was still engaged in a half-hearted civil war,
PEACE TREATY. JAPANESE IMPERIAL EDION The Japanese Consul-General communi-
an Imperial Edict, issued on Saturday, January 10th, in Tokio, in connection with the ligning of proces verbal of
Peace with Germany:-
hut as keen as ever on business and very deposit of ratification of the Treaty of
It is a source of deep rejoicing to us
|
IS THE AUCTIONEER
A. G. DA ROCHA,
AUCTIONEER, SURVEYOR AND
* GENERAL BROKER.
Queen's Road Central, Taiephone No. 1931
เ
AUCTIONS
PUBLIC AUCTIONE.
BY APPOINTMENT.
HUGHES AND HOUGH,
LUCKIOTEKES TO THE GOVERNMENT VAED
TOO ADMIRALITK.
FLAVOURED with instructions from Mr. General Auctioneers,
WALTER, Mr. T. Prs, and Mr. A REYNOLDS will all by Public Auction, TO DAY (THURSDAY), January 15th, 1990, at S.15 P.., at his Sales Room.
HOUSEHOLD FURNITURE AND EFFECTS:
Wardrobes, Deats, Chairs, Chest" of Drawers Dressing Tables Bookcases, Arm- chair Curios, Crockery and Glassware Bedsteads, Clocks, Typewriters, Tablecloth Hat stands and long line of Sundries
1 Clothes Washing Machine,
cont.) by 1879 it had fallen to S4 per cent. In 1885 & further fall began, and in 1889 the exchange value was only 1 per cent.
in 1894 the value was only 48 per cent, anxious to take advantage of everything SOLOISTS, CHORUS,
and the lowest level was reached, at 38. ORCHESTRA & BALLET.
per cont., in 1903. In thirty years the with which nature had provided her. He TONIGHT currency of the whole Empire. had lost thought commercial relatio divide into the the gigantic war which has plunged alone on two-thirds of its international Britain with China might be divided into the whole world into unspeakable con- THURSDAY, JAN. 15th, exchange value. But the loss in purchas three-first, the general exchange of ordi-sternation for the past five years, has at
at. 9.15 p.m.
ing power of the taal was not the worst nary articles of merchandise; secondly, fast come to an end, through the valiant "TOSCA
feature, as prices can be adjusted to a providing Chins with modern methods and unstinted efforts of the Powers in depreciated currency.
Far worse than for developing her industries and en alliance with us, and that the peace of Jan. 16th-FAUST.
17th-CAVALLERIA RUS-this were the frequent fuctuations in the abling ber to undertake new ones; and the world has thus been at length restor Taking, for example, the thirdly, that kind of work which was noted. The final reparation of the results TICANA and PAGLIACCI.exchange
years 1903 and 1904, besides the daily usually undertaken by private individ of so great a catastrophe and the gui Braat Ornaments, Yases, Pictures, Ice Boxes 19th-ILTROVATORE."
uals but more usually by the State, such rantes of the reign of tranquility in the 20th-MADAMEBUTTERFLY. oscillations, there were nine major move
future, noodless to my, depend altogether 21st-LA BOHEME.
ments between extreme point, ranging things as dockyards, arsenals, river con from 9 to 18 per cent, of alternate rise servancies, and big things of that kind, upon the whole-hearted co-operation of and fall; during the two years the Great Britain would have a fair chance all the allied Powers. With these con- highest point was 30 per cent. greater of getting her share. He regarded with siderations in mind we despatched our than the lowest point. The uncertainty satisfaction any change which tended to delegates to the Face Conference which turned all, trade into gambling. Even enrich China. It was possible that cer was lately held in France, with instruc if the importing or exporting merchant, tain individuals would lose, but that tions to participate in its deliberations. the foreigner, prudently settled his ex- they must take as philosophically as pos- We are now much gratified to know that change simultaneously with his indent,sible bocatise, on the whole, a rich China a treaty looking to the establishment of the gamble was only transferred to the was so much to the good of this country; perpetual pesce has been arrived at, and Chinese buyer of his imports, or the China could not become a "prosperous the foundation of a League of Nations holder of his Chinese produce on the country without Great Britain indirectly laid down, while at the same time we are foreign market. To make matters worse, sharing in that prosperity. Between the fully conscious of the heavy respon- exchange has recovered. and to-day, in originating of a now idea and its comple-sibility henceforth devolving upon our 1919, the silver rate, which in 1903 was at tion there was a certain period of time | country. 36 per cent. of its old par value, is again during which money had to be spent, anti At the opening of this fresh chapter at full 100 per cent,; and this recovery that was the dificult moment for the
in the history of the world and in view present time.
manufacturers and Snanciers of Great wo hold it to be high time that all "loyal Britain to help China to tide over that Japanese subject should address them- period. In view of the great opporta-selves, with the best endeavour at their nities which were no being presented in command, to the task of adapting their China, why should not their great manu-activision so the onward march of events. facturers, engineers, and financiers all join hands, sinking their rivalry and competition, and work together towards the common. object
Saturday. January
17th,
MATINEE:-- "
Prices
AF .15 PM.. "TRAVIATA.”
Dirvetion: A STROK
$4, $3 & $1. Booking now open at 3OUTRIE'S,
147
Instantaneous Water Heaters Unlimited Hot Water. Reduced Prices.
30 & 32, Des Voeux Road, Central. ESTABLISHED 1900.
139
1 Niagara Clothes Mangle, both in very good condition.
.1
large Copying Press. 94".
1 Universal Staro-type (in excellen condition),
1xas:-Cast on Delivery."
A. G. DA ROCHA, AUCTIONEER,
SURVEYOR AND
· "GENERAL BROKER.
Queen's Road Central, Telephone No. 1832.
AVOURED with instructions from
The Concerned,
(TEURSDAY), January 16th, 1920,
at. Bis Balls Room. ONE SHIPS COMPAÈS. THEME-Cash on Delivery.
Share, Coal and General. Produce Brokers
The Undersigned have receivedi instruc- tions to sell by Public Auction,
(For Account of the Concerned), TO-MORROW (FRIDAY)
January 18th, 1990, at 10.30 at their Sales Rooms, No. 8, Dee Var Bad, Corner of Ice House Street,
A small Consignment of
| CIGARETTES, TOBACCO, Exc As follows p
Gold Flake, Navy Cut, Woodbine, etc., and several iota John Cotton's Smoking Tobacco The above will be sold in small lots to suit buyers.
farma :---Cash,
HUGHES & HOUGH,
Auctioneers,
The Undersigned, have received instrue- tions to sell by Public Auction,
(For Account of the Concerned),
TO-MONROW (FRIDAY),
mostitutes the exchange problem of the Chinese. He would leave it to the great of the tremendous changes in its aspects will sell by Public Auction, TO-DAY/AnDary 18th, 1920, at 10.30 am at the
THE THIRD PHASE.
IMPORTS INTO CHINA
We, therefore, call upon our subjects, that, keeping this cardinal aim constant- ly before them, they abould, in the first instance, work for the attainment of that·| durable peace, contemplated by the in- stitution of the League of Nations, always abiding by the principle of uni versal justice and following the path of progress of the world. It is at the same time our earnest hope that, making it their guiding principle to keep to a sound and wholesome fashion or living, and discarding, an unworthy of them, all forms of frivolity and luxury, they will derate their efforts to furthering the advancemens of the national resouress view to keeping pace with the with advance of human progress.
Trusting that we may enjoy for ever- more the blessing of peace and tranqui lity, together with the whole company of friendly nations, we give expression to
divided co-operation of our loyal sub
ardent hope thas, relying upon the iecte, we shall accomplish the task advancing the general welfare of the entire people and of spreading through-
The third phase, that from 1867 to 1911, the end of the Empire, to which we have come, was the period of the Suez Canal the period in which the trans-oceanic trade was carried by steamer; with market quotations and orders sent by the cable. In the China export trade of the SIT CHARLES ADDIS wished to acknow, third phase ton has followed a downward ledige publicly the great debt due by the course in the Western markets, owing to whale of the commercial community competition from Ceylon and Japan. In dealing with China to the author for the silk China has more than maintained her work be bad done. After half a century percentage and has more than trebled her of fre and open foreign intercourse it exports. There was a great development was really surprising that a people, in sundries. the old-time China mer sober, industrious, and intelligent, should chant's chow chow cargo." Great in-
care so little for the good and useful reases were shown in exports of beans, things which Great Britain was able to bennenke, bristles, bristles, and cotton, offer them, and that the only expenditure also in matting, fibres and hides. Ex- C. E. WARREN & Co., Ltd., pressed oils were exported 1112 picals of fo unit of the population amounted in 1867 and 3,651,811, nicula in 1918. oil to a few shillings a year, No one could set foot in China without being struck of the soya bean furnishing nearly two with the extraordinary agricultural, thirds.
commercial, and industrial activity of the people. The waterways, the mountais To the imports into China, opium, paths and every part of the country which contributed 32,000,000 tels in 1867; each other and exchanging them with seemed with people making things for had practically disappeared, from the statistics for 1918, Cotton manufactures each other; they were born merchanta were not imported in 1833. In 1905 they he rat and most obvious explanation supplied 40 per cent. of the value of all of the slow progress of commerce with sports. Imports of woolian had do-China was the Chinese self-sufficiency;ous the land the utmost benefic creased, the well-to-do wearing silks and the diversity of climate and the variety civilisation, so as to crown the past of production gave an importance to the internal trade which placed it beyond all China was likely to reach in the next competition with any foreign trade that century. There had been progress of a kind, and in spite of herself China was likely to be drawn more and more into intercourse with the West and into the exchanging of her products with the West. One of the great chstacies to foreign trade in China had been the enormous importance attached by the Chinese to agriculture. Even the modern educated Chinaman distrusted industrialism.. author had referred to the currency of Sir RICHARD DANE, K.C.I.E., said the China, and he said, that the unit was a tacl, or Chinese ounce of silver. That, however, was only true now to a very Germany created a new trade, amount that of the United Kingdom; and, apart revenus department. be found the Chiara ing in 1905 to 95,000.000 taels, one-fifth of imited extent. When he went to China in 1913, to assist in organising the salt from synthetic dyes, her trade was main- tained by two factors: her traders pushed were trying to publish such accounts as
TIME
MEANS
MONEY
Sundstrand
Marchant
MONROE
Is there a modern Calculating Machine in YOUR Office? WE use them could not do without them. They save tons of time.
ALEX. ROSS & CO.,
26, Des Vans Road Central.
Phone 27.
the poorer classes wadded cotton or
skins, Imports of metals increased cryr mously and coal imperta had grown Cigarettes were unknown in 1867; in 1817 their imports totalled 31,500,000 tals Vast quantities of dyes were imported from Germany, and the tastes for foreign luxuries introduced by returned mig rants added immensely to the imports By the opening of the twentieth centu the value of imports constantly exceeded that of exports. English trade with China has suffered because many of the products previously imported from China are now produced in British territory overseas. Improved transport conditions have also tended to steer business into other channels.
achievements of our forefathers with in- perishable glory; and we hereby enjoin wishes herein expressed upon our loyal subjects to fulfil our
His whole desire was to train the Chinese towns were also demanding electric light. to develop the resources of their own dorfully kind to them; although they were country, in which nature had been won astonishingly ignorant of their resources. .M. F. ANDERSON said we were under a only for his paper, but for all he had deep debt of gratitude to Mr. Morse, not
been carried on with the goodwill of the written on the subject of China in the past Though foreign intercourse had
Britain had taken place in the face of Chinese people, it was almost always with the continued opposition of the Government; all development in Great official opposition. In the coming indus
into the market, hunted up buyers, gave they published in dollars. The banker trial development there would be very
assured him that the tael was the only
great and very rapid changes in China, it only the incubus of official interference could be overcome. The East might be a Warning to Great Britain, Because, a was well known, there was & tendency for the British Government to interfere more and more in trade. No interference by
them articles in the shape in which the thing that could be recognised, and the buvers wanted them, and devoted them selves night and day to their work; her Financial Secretary who came to the salt revenue department for the maritime manufacturers turned out a cheap form of product ("billig und schlecht "customs was impressed into recognising only the tael. But inquiries went to show "adapted for a land of areat poverty and that, sreept. in the Treaty Ports, in the great thrift. And German did not eat German; they competed with the English interior. the account was worked out the Stats- would over make up for the An the Americans, but they combined from trels in to dollars," and payment took initiative of the private individual. He
their own conflicting, interests.”
place in dollars. In Shantung they mint- ed dollars after the revolution 10 per contra in intrinsic value than the old dollars, and he found that those dollars had exactly the same value as the old dollars, and produced the same amount
believed that the future incedes of Great ETRENGTHENING ENGLAND'S POSITION.
Britain in China mainly depended upon To strengthen England's position in
the merchants. He had thought more China, tratte a better service of commer
than once whether advantage could not be cial information is required. The ser-
taken of the present disturbance in cur vices of Commercial Attaches should be, of coppers, and the game amount of tasis by matters to endeavour to come to as it were, triplicated. They should in- in Shanghai. It showed that the Chinese some international agreement, which clude, finitly, the study in the treaty people were very anxious indeed to have would stabilise the currency of the whole ports of trade matters; secondly, the a dollar currency introduced. He thought world. If there, was great industrial study of the producing and consuming the future of British trade lay in the co-expansion in the East, and the previous markets of the interior; and, thirdly, the operation of the British with the Chinese,
state of things was allowed to continue. study in Europe and America of the and he believed the most effectual way of when the tael went down to 3, 4d. and production and sale of goods for the securing the co-operation of the Chinese Eastern Wages was allowed to go back to the dollar to la. 7d.. if the payment of Chinese markets.
was to teach them the English language
Professor C. A. MIDDLETON-SMITH said the old ratio. China would be a far more The education of Chiness on British
The Chimes that for the last seven years he had been serious competitor in the industrial pro lines should be fostered. are naturally inclined to England. Ex in the University of Hongkong attempt duction of the West than she would if the penditure incurred in inducing Chinese ing to train young Chinese in applied artificial advantage to them was not students to come to England will be science work. The Chinese took very given, and silver was allowed to take amply repaid. Special consideration kindly to machinery; the Cantonese was cars of itselt. should be given to the difficulties likely simply a born engineer his mechanical trade in China, the conditions were not Mr8 BARTOx mid with regard to to arise in England by the increased cat mechanic he had seen in this country. He what they were six years ago, and it was ingenuity being equal to that of any of raw material for her manufactures. Judicious advertising is cssential in a convinced that Ching was about in impossible to form a correct estimate of China. Trade museums are good if up-change very much because of the applied the various panaceas which were being to-date, and co-operation is urged with science work that had been done. Many red now for the improvement of trade the old established merchant firms know of the great leaders of industry were in Chin without a knowledge of what ing the Chinese and their ways, their sol-making active, preparations to go to the Chindwe to-day lembar d
Far East, and the concerns those leaders MC & V. Bow thought the Tency and their requirements,
represented were concerns with capital low was the political disorder of that takih dresson why trade with China grow running into two millions sterling. In The CHAIRMAN (Mr. BYRON BRIAN) the old days & Chinuman spent a great country. There was no pesce in China, aid that all those who had listened to deal of money on crackers. He had now The provinces were all more or less inde the paper must feel that they had a vary taken to electric light, and divided his Pendent Trade routes were interrupted, clear vision of the history of the last expenditure between crackers and electric For any great growth in Chins a strong and the railroads were harried by troops. three hundred years of trade in fragrant light In Shanghai the electric supply Govenment was needed, and order, and ten, clear silk, soothing opium, and station would rank with those of citim those things seemed to be as far away now aromatic spices, gradually changing, into such as Liverpool, and at the present as they were sixty years ago. the more prossio trade of today with me Shanghai was putting in ons mo such items as loatheroeps, salted fishnet of 18,000 kw. The village and the motion of the ChairmaDİ, S and guano, things which rather defled
hourly, wake of thanks was feared to Mr. Morse for his pacer, 5
отасовись.
*
(Coskoved at food of next columen-).
G.
R
PUBLIC AUCTION,
Bales Rooms, No. 8. Des Your Road, Corner of Ice House Street,
3 cases Felt hats.
W
" 5
B
1
53
tc. &c.
tonic. Eau-de-Cologne.
"snap fasteners, elastic boot wubba
Terms: Cash.
HUGHES & HOUGH,
Austioneers.
The Undersigned have received instrao-
(For Account of the Concerned),
On. FRIDAY,
PARLARS AND CONDITIONS of tion to well by Public Auction,
the letting by Auction to JANUARY, 1927, at 3 PM, at the Offices be held on MONDAY, the 19th day of of the Public Works Department, by Order January 16th, 1920, at 10.30 at their Sales of HIS EXCELLENCY THE GOVERNOR, of One
Rooms, No. 8, Des Verax Road, Corner of Ice House Street, Lot of CROWN LAND at Aberdeen,
the Colony of Hongkong, for a term SUNDRY HOUSEHOLD FURNITURE :
Ec. Removed to Sale Booms for convenience of a Bale
ALBO Plaza by Dorner & Sohn in good condition.
AND MISCELLANEOUS GOODS
of 75 years, with the option of renewal at a Crown, Bent to be fred by the Surveyor of HIS MAJESTY THE KING, for one further term of 76 years.
PARTICULARS OF THE LOT.
Aberdeen Inland
t No. 60,
North of Aberdeen |
Registry Mb.
Loon!ity.
Toes
Boundary"
Measurements,
10
24
last
Dovalente
Upect Proo
1,
$20.
Terms:--Cash.
7
HUGHES & HOUGH.
Auctioneers.
The Undersigned have received instrue
tion to sell by Public Auction,
(For Account of the Concerned),
On SATURDAY,
4,40 10 1960 January 17th, 1920, at 11 A.M., at their
Salon Rooms, No. 8, Des Voeux Road,
995
WISEMAN. LTD.
TEA DANCE
TO-DAY
Dance Tickets 50 cents.
Tables can be booked.
D. M. GOODALL,
Manager.
75
Philippine Co.,
Co., Ltd.
IN LIQUIDATION.
A third and final dividend is now payable upon pro-. duction of liquidators' receipt.
R. E. HUMPHREYS,
Liquidator.
158 Juan Luna,
Manila,
Dec. 15th, 1919.
WAI KEE
"FLAG AND SAILMAKER No. 119, De Yœux Road, Central, Top Floor, HONGKONG. TERFRONT No 1822.
الله
Corner of Ice House Street, One Pointer dog (six months old) Terra:-Cash.
HUGHES & HOUGH, Auctioneers.
On TUESDAY,
January 20th, 1820, commencing at 2.30 PM
at their Bales Rooms, No. 8. Des Your Road, Corner of Joe House Street, USEFUL HOUSEHOLD FITRNITURE
CARPETS, GLASS,
PLATED WARE
As follows:-
H
Large Chesterfield Sofas and Arm chairs (new), Folding Card and Occasional Tables Upholstered Suite, Teakwood Bedroom Furniture
comprising Becsteeds, large and small Wardrobes, Dressing Tables, Wash stands Bookcase, &c, (fumed Teakwood Sideboards, Dinner
ing Tables and Chawaggons, Extension Dite kc., Dinner Services and Glass Ware, Cooking Stoves,
Electric Screens,
Bath Room Utensils, Baro
Reading Lamps Teakwood Sandry of Blackwood Furniture Blackwood Fire Screens, de, Side Tables, Chairs, Cabinets Pictures & Carpets new and second-hand, Curtains, &c.
Atso
One Good Piano by Dorner & Bolus Stuttgart and One Challen, Piano, One Victrola with Records (nearly new) One Gent's 3 speed Hub Breaks Bicycle good as new, One 16-Bore Sporting Gun One Ricksha Tennis Balla, &c, &c. and One Heavy Silver Ten Service.
(Full Particulars from Catalogue) -TIES:-Cash.
HUGHES & HOUGH,
Auctioneers.
The Undersigned have received tions to sell by Public Auction,
(For Account of the Concerned), On FRIDAY,
January 23rd, 1990, at 9.30 PM, at thelp Sales Booms, No. Des Voeux Road, Corner of loe House Street, VALUABLE CHINESE PORCELAINS CURIOS
Including a large variety of B-coloured and -coloured Vases, Wall Plates, Table Forcens Blue and White Vases, and Incense Burners, Old Bronze and Brass Figures, Vases, otos Kakemonos, Lacquered Ware, and Crystal Ornamentaly arrived
Ivory, Aste
The abore stocks recently the
Ferods
and includes pieces from : Lhas Kanghi, Kienlang and Towerong
The balk of which will be sold wi
(Fall Particulars from Catalogue) Tazes:--Cash. On view day of mile.
withou
HUGHES & HOUGE
Auctioneers.