Page
THE HONGKONG DAILY PRESS, SATURDAY, FEBRUARY 18cm, 1972
THORNYCROFT
JOHN L TEIKNYCROFT # 00., LIMITED,
SHIFFUILDERS AND ENGINEERS,
LONDON, BorrpaMPTON AND BASINGSTOKE.
Shanghai Office:
Q
10, Kinkiang Road,
15 B.H.P. 30 B.H.P, 50 B.H.P. Engines
in Stock
For quotation "apply—
HENRY
HEATH
HATS
SHANGHAI "OFFICE.
Heath quality in shares and colours that make certain the right hat for every sort of features or physical appearance
【NEW: STYLES AND COLOURS FOR THE RACES NOW SHOWING.
MACKINTOSH
& CO. LTD.
MEN'S WEAR SPECIALISTS
Alexandra Building
Des Voeux Road
i
Telephone 29
MOTOR COACH SERVICE.
HONGKONG HOTEL CO., LTD.
FOR THE RACES.
COMMENDING MONDAY 20TK
MOTOR COACHES WILL LEAVE HONGKONG HOTEL, PEDDER STREET, AS FOLLOWS:~~
EVERY TEN MINUTES. From 10 A. To i ræ
EVERY FIFTEEN MINUTES FROM 1 P.M. TO 2 P EVEBY TWENTY MINUTES FROM 2 PM TO 4 PM.
FROM THE RACE COURSE PADDOCK GATE AS FOLLOWS —
EVERY TWENTY MINUTES FROM 4.x. To 5 P
EVERY TEN MINUTES
Obtainable From
i
From 5 r., TO 6.30 PM.
FARES 50 CENTS.
LANE, CRAWFORD & CO.
HONGKONG CIGAR STORE
TABAQUERIA FILIPINA
A
BRITISH CHINA TOBACCO STORE
AND
A. S. WATSON & CO., LTD, 1920 N
ALSO
PICCADILLY
MOVEMENTS IN SILVER, “ EASTERN FINANCIAL TROUBLES.
*
The following review is from the Glasgow Herald-
EWO AT TIENTSIN. OPENING OF NEW PALATIAL OFFICES.
Now office premises for Messrs. Jardine, Matheson & Co, at Tientsin were formal ly opened on the 8th inst.
THE "TORILLA” MYSTERY,” NO TRACE OF PRISONER FOR SINGAPORE.
From the time the Torilla arrived in port from Hongkong (says the Straits Times of the 6th inst.) Chief Detective
HONGKONG BOXING
(ASSOCIATION.
NEXT TOURNAMENT SATURDAY, FEBRUARY 25TH, 1827.
ATTEN
THEATRE- ROYAL AT 9.15 P.M.
TEN ROUND FEATHERWEIGHT CONTEST.
The events of the year, so far as silver and
Eastern exchanges are cancerned, have not been a striking as those of 10: The quotation of silver for prompt
Mr. W P. Kans, C.M.G., H.B.M's delivery has ranged between 3d, and Consul-General, who performed the open-p. Costello, with a large number of 30jd., a variation of 121d. The Shanghai ing ceremony, said the opening of these detectives, has searched the vessel. meta- A. B. CHADWICK ». A. B. HINDLE. tael has moved between us. Bid, and palatial offices marked an epoch in the phorically speaking inside out, for the 11d., a range of 181d.; whilst the rupee commercial history of Tientsin.
The Straits Chinese, named Yeo Chay Sengo. 8. LEWENDEN ». A. B. DUNCAN,
TIN ROUND MIDDLEWEIGHT CONTENT. has kept between la 8id, and is. 23d, a prestige of Great Britain in China, healins Peo. Pong Teng, who was arrested difference of 3id. No official changes of said, does not rest on Naval or Military importance need be remarked with regard display, but on the enterprise and reputa on board the Yagogs at Hongkong on
TRY. ROUND CATCHWEIGHT CONTEST, to the white metal. The restriction upon tica for fair dealing established by January 18th on two export from the United Kingdom except British traders, and be felt feel sure that from Singapore for alleged breach of
warranca issued Sta. P. O. MORGAN . under licence was removed on the 7th their Chinese friends would agree with
Chief P. O. CALLAGHAN, February, but this had no effect upon the bim that so long as British trade is res trust and cheating in this city, and who
AND THREE SIX ROUND CONTESTS. price, as the application" for permission presented by firms of the character, of was being brought back to Singapore on
Booking at Moutain's had become a mere formality. The out Ewo, so long will the friendship between the Torilla.
Membora MONDAY and TUESDAY,' standing features in connection with the the two countries rest on an unshakeable defeated the arm of the law for, as
So far the prisoner has Fity 20th and 21st. silver markets of the world has been the foundation
Mr. E. C. Peras. the Firm's local agent. Seng disappeared from the Torilla dur already reported in this paper, Yeo Chay beavy balance of trade against both India and China. This has not arises in conse-in the course of a speech said: I haveing the early hours of yesterday almost quence of a failure of these countries to often reccled as to why this great house within sight of "Singapore. produce, although the indifferent pros of "Ewa" founded by Dr. William
to SATURDAY, 95th.
General Public WEDNESDAY, 22nd
USUAL PRICES.
OPEN NOVICES COMPETITION FRIDAY AND SATURDAY, MARCH AT AND APRIL 1ST AT TEN
THEATEE ROYAL of Army and Navy and Police.
"Full particulars will be sent to all uniti please apply to Hon. Secretary, ela.
Others [ORESON, STOKES AND MASTER.
pects of trade had impelled India to Jardine in 1830, still maintains its unique ously.
The disappearance was effected mystori. restrict the area of land sown with jute position in China, in spite of manifold who was escorted by two detectives, called It appears that the prisoner, and other crops. The poor exports of competition. Its relations and ramifica-ou to one of them about 2 a.m. yester these countries was the result of the in- tions in all branches of business through day that he wanted to go to the lava- ability of Europe and America to make out China have grown, and are held toge tory, whither he was accompanied by the Fresh purchases, and, in many cases, to ther by an unfailing adherence to the policeman. The prisoner went in, while pay for purchases already negotiated. best British busincas traditions. But the the detective remained outsid the door Merchants in the United Kingdom and in heart of the matter is, I think, to be of the room. the United States became loaded up with found in the interior working, and if I termal the detective knocked as the door, After a considerable in un realisable stocks. On the other band, were asked to give a motto to the house and as he received no answer, raised a the condition of affair amongst the would give With teamwork we sue alarm which brought some of the officers Western nations was not coudacive to acced Teamwork in this instance means to the spot. One of these then proceeded satisfactory import trade into the Fara willingness in all of us, whether of lowly to erase the paint from the door so that
wages and the heavy cost of materials, work, and play, for the benefit of the was done, the room was found to be }}}• VEGETABLES will be held in the East. Dear money, but especially high or high position in the Firm, to do our they could have a look inside. When this
CHINA'S FOREIGN 'TRADE
F
་་
(396
NO, ENTRANCE FEE
HONGKONG HORTICULTURAL
SOCIETY.
HE ANNUAL SHOW of FLOWERS and
BOTANIC GARDENS
an
2ND MARCH.
3 PM til 6 PM Admission $1.00.
astra
empty, with not trace or vestige of the prisoner or any of his belongings.
According to the detective he man was fully dressed when he went into the lava- toryy, and even had his boots on, coupled with the fact that there was no PRIZES will be rerested by LADY STUBES
This craft in the vicinity when the disappear. ance occurred, intensifies the mystery.
The prisoner, who is a married man and has his wife living in Singapore, left for Hongkong not only with 8120,000 in his possession but accompanied by a Chinese actress, named Tea Noi Hean, who lived in River Valley Road, and whom the prisoner said he was going to wed in Hongkong. When the prisoner was ar rested the woman was detained, and she also returned by the Terillo to Singa pore.
Questioned by the police the woman could not give any information regard. ing her lover's disappearance because she was accommodated in another part of the ship, and had not spoken to the man for hours before the event took place.
The questions that the police are ask
Did he commit suicide or is he still in hiding on the abipf. The police lean to the". Iatter theory, and are diligently watching the vessel until such time as she leaves port.
Military Band wil
{wili play," Tas obtainable in the grounds. ENTRIES close on 938D FABEVART. As the Intending Exhibitors are reminded that Roces will be held next week it is suggested that Exhibitors compile their lists during this coming weekend and forward them early to the Hon. Secretary--Mr. L. GIBBK Beac#field Arcade
[418
FOR SALE
HARBUTT'S PLASTICİNE The Child's Delight"
PLAY" WAX For Clean and Easy
Play-Models!
have prevented the offer of manufactured whole. The greatest importance must be goods to India nad China at a figure attached to the influence on business. of This the political and financial state of the tempting enough to draw orders of course hindered the exchange of com country we have adopted as our sphere modities Towards the latter part of the of activity, that is China I am sure it year German goods came on the market is the wish of all of us that our Chinese low enough in price to defy competition. friends, North, South, East and West, This rendered the situation more difficult sho'l use just that team work for the from the point of view of the Entente and benefit of their great race, There will other nations.
then arise from the prosent financial chaos and political turmoil a great and peace In these circumstances, exports from ful Chins, to the infinite. happiness of her India and China having almost come to own people and the ultimate benefit of sandstill, it is natural to ask how the the whole world. Gentlemen, I ask you value of the silver and the rates of the to fill your glasses and drink to China, Indian and Chinese exchanges were so may she have a peaceful, prosperous and well maintained. It is somewhat remark happy future. able that the same answer does not apply
Invitations had been issued to a to both countries. It the case of China large number of friends, foreign and heavy blows had been dealt to public con. Chinese and there was a thoroughly re- The fidence. Soveral of the foreign banks in Presentative gathering of both that country became involved in serious Chinese guests included General Yang difficulties owing to speculation, in extch; among the foreigners present were change Some were helped through, veral of the Consuls, the Commissioner others suspended payment; with the, re-
of Customs, the Postal Commissioner; malt that the Chinese began to distrust and the taipans, and members of the all nates except those of four or five in staffs. of practically every foreign firming themselves s stitutions of the highest repute, amongst
in Tientsin, which were all the British. Further, the. Chinese Government itself came to the THE CHINESE TREASURY end of its financial resources." It did not default in its most important obligations, because these were secured upon the Customis or other Funds administered under foreign control Bat Government had borrowed from native banka, official first proposal was made to issue Treasury A Peking telegram says:-Since the and otherwise, and was unable to repay bonds to the value of 890,000,000 to fund the advances made. In other words, it all obligations on the salt surphis, the became bankrupt. Meanwhile it was plan has undergone several changes. The Peking, has received telegrams from the Dealers
The Ministry of Communications, "at engaged in military operations. disturb Bret announcement referred to the scheme Tuchan of Shantung, ing to the public and involving con as a consortium enterprise in which the Chung-yu and the Tuchun of Hupeb, General Tiea tinual expenditure. No wonder that the Chinese banks would be asked to parti- General Hsiao Yao-man expressing, their populace refused to take paper currency dipate. In one of his first interviews wit approval of the arrangement agreed upon and insisted upon silver. An almost in the press," Mr. Liang Shih-yi, however, between China and Japan for the return cassant fow of imported silver was sent said that the issue would be made by the of the Kiaochao Tainan Railway. These to the Canton and other local minte Chinese banks and the Consortium would leaders offer to contribute three million to be fashioned into dollars, which be offered the opportunity to participate. dollars each from their respective pro- vanished into the interior as soon as issued as if speeded by the wave of a to have dallied with the project until the Tuchun, of Sheasi, General, Chow Ti, The International Consortium appears vinces, while General Feng Yuhsiang, magician's wind. Add to this movement, Chinese authorities decided to go on with Tuchun of Honan and General Chen speculation by Chinese exchange operait themselves. Finding that the original Kuangyuan, Tuchun of Kiangai, stato tors that is to say, silver speculation-estimate of 874,000,000 would not cover that their provinces will subscribe one either for the rise or fall-cae or other the obligations, the total amount of the million dollars each. being uppermost for a few weeks or even issue was then raised to 896,000,000. This Tso-lin and General Taao Kun will cach General Chang days and the necessity of reinforcing the now represents the full obligations which contribute three million dollars toward reserves of silver at the Treaty ports be are to be converted by the issue of the the redemption of the Ballway. cones manifest. Where normally 40 bonds. There is to be no margin what- million ounces of sycco, dollars, and bars arer.
BONDS LOAN. ATTITUDE OF CONSORTIUM.
THE KIAOCHOW RAILWAY. TUCHUNS SATISFIED WITH TERMS.
might have sufficed, double that amount: Most of the foreign banks speak of the barely gave security in these troubled undertaking us sorrid finance, of which HONGKONG VOLUNTEER DEFENCE times. In these circumstances, trade they thoroughly approve, though the 1! balance or no trade balance in its scheme is not yet a fait accompli..
CORPS. favour, China somehow or other contrived regard to Japanese obligations on the ORDENA ST LIZUT.COL. L G. BIRD, D.8.0., to import large quantities of silver: saft surplus, it has been suggested that
INDIA'S ADVERSE BALANCE.
With
they should take over these Treasury bonds to the amount owing and it seems
ADMINISTRATIVE COMMANDANTT.
PARADES..
probable that this will be done. The No parades will make place on Monday, 20th and Friday, 24th February owing to Races."
bonds are to carry 8 per cent, and the price will be §4.
THE OUTLOOK.
Supplies from the mines probably ap proximated those of the preceding year some 165,000,000 ounces. The United States proportion was purchased at a dollar, the ounce under the Pittman Act
:
MUSKETRY.
2
Part 1 of the Annual Musketry Course will be fired by No. 6. Platoon and the remainder of No. 5. Platoon, af Stonecutters Range on Sunday. 19th instant, commencing, at 10a.m. Dress: Drill order. Officer for duty: 2nd Lieut. T. F. Mi Bevan, M.C. A Launch from Kow loon Docks will call at Kowloon Police Pier, at 9.10. m. to pick up men, of Noa. 5 and 6, Platoons for Stonecutters.
THE NOVLART
Diy Stencil Pictures
GRACA & 00
in Portage Stamps, Pictorial Post
Cards, Garden, Beeds, ás,
No. 10, WYNDHAM STREET,«
HONGKONG
P. O. Box 890
SPECIAL CHEAP PRICES
for
GERZ CAMERAS
ROLL FILMS & FILM PACKS
Inspection Cordially Javited
A TACK & CO;
25. Des Van Roar,
Central
PREPAID."
116
'WANTED
ADVERTISEMENTS
In the case of India, no silver demand arose for coinage. On the contrary, the stock of coined rupees in the Indian cur rency rose to 7000 lacs on October 31st (against a note issue of 17,691 lacs), a grand total equal, to 274,862,600 fine Commonwealth as circulated egin of sterl ounces, and 3.4 times that in the Indian ing quality (.95 fine) became sellers, for Treasuries at the commencement of the the new issues (.500 fine), substitated for Great War. The Indian bazaars, not the old currency, afforded a surplus withstanding adverse trade, balances, which was shipped to the East.⠀⠀ imported with the utmost freedom. One reason was the fact that, the Indian Em- pire had prospered greatly during the world callict, which stimulated native industry to an important degree. The chief reason, however, was the world ap preciation of the value of gold, a change which appealed to the Indian people in and minted to replace the 350,000,000 a peculiar way.". They had ever been in dollars sold to India and elsewhere under the custom of differentiating the value of that enactment. Probably this amount, the two metals, irrespective of the cur- approximately 45,000,000 ounces, may be rency, relation between the two. The Gov regarded as a set-off against the lack of ernment might say that it considered European mint purchases and the sales the currency ratio should be 24 of silver of demonetized coin. The lower ruling to 1 of gold. The people of India might for the base metals has retarded the out- retort we shall consider it 35 to 1. The put of silver, which is found amongst Indian Government might call the rupee them as a by-product. A revival of de one tenth of a sovereign The Indian native mind for copper, lead, and zing would would deal with rupees as oneffteenth soon cause the production of silver to like looking through a fine plate glass general office routine and book work. Reply to This year the Indian people considered sugment; even without that assistance a gold dear and silver cheap, and turned out larger output can be expected owing to window,” said an Ameriçan lady, in the Box FU, co Daily Preu Office. vast quantities of gold acquired at a time the improved conditions of Mexico and course of her remarks while in a tram. when they considered gold cheap and the fact that its local requirements for
R. B. Young, Major,
· Loiters are lying st this Office for Adjutant, HKV.D.C.B CE, GS, KI, LM, LA; LR ÚT Hongkong, Friday, Feb. 17th, 182%.
LW, MA, MK, MZ, NB, NP, OG., PD, PB, PG, PO, PS, PT, PW, A.
PLATE GLASS WINDOW. "Looking through my Torio lenses is
WANTED-Position as Bookkeeper
Britisher. Beveral years experience of
184
ilver dear. Thus, the adverse trade the restoration of currenty have now been cur the other day. She said just the WANTED. For Canton an expert. balanse of India was met by the export largely satisfied. It is impossible in right thing. It cost a bit more to build required and with copy of references to Bor. Stenographer. Apply stating salary: of gold of a rupee value far in excess of these phenomenal times to divine possible
the import of silver, though this was new factors or the extent to which a plate glass windew and it cost a bit. W, c/o Daily Press Office. unusually good. Owing to the keen in- Chinese unrest may affect the future, more to make a pair of Toric lenses than quiry for the East, the absence of buying Still, allowing for a prospect of large the ordinary fat rind. Torica are more for Continental minta was not felt. Not silver production suggested above, for s
only was a demand for Europese coinage possible more helpful active attitude of than worth the small difference in cost lacking; the operation was actually re the Powera towards China, and for to you in the added comfort Tersed. Many countries, were actively de cheaper manufactures of goods suited to from their use. Torio lenses of any you derive monetising...The Balkan States, lerri- the Eastern markets, it is not unreason tories once part of the Austro-Hungarian able to look for lower sterling rates for Prescription are manufactured by The Empire,
Germany, Austria proper, silver in the coming year. The effect of Hongkong Optical Co., successor to France, Belgium, Turkey, and others all these would be to raise the sterling quota Clark & Co., Manufacturing and Refract. contributed their quota. Even the United tions for the rupeo and to lower that of Kingdom and such parts of the British the Shanghai, tael and the Hongkong ing Opticians, 53, Queen's Road, Central,
(Continued at fool of next column.) dollar
-ÁDVZ
(101)
[38
PUBLISHED TO-DAY
HONGKONG WEEKLY
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CONTAINING ALL THE WEEKS
LOCAL NEWS
The Paper to send. Hom