THORNYCROFT
JOHN L THORNTUBOFT ▲ 00, LIMITED, SHIPBUILDER AND ENGINEERS,
LONDON, BoNTELMISON AND BIOCTORS,
THE HONGKONG DAILY PRESS, SATURDAY, MAY 27, 1923.
Shangbai "Ofice: 10, Kinkiang Road.
#
15 B.H.P. 30 B,H,P. 50 8.H.P. Engines in Stock
For quotation" apply....
SHANGHAI OFFICE.
THE NEWEST STYLE
PITH SUN HATS
Shape as worn by H.R.H. The Prince of Wales and bis Staff during their Eastern Tour.
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$5.50 each.
MACKINTOSH
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MEN'S WEAR SPECIALISTS.
Alexandra Building
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W.S. BAILEY & CO, LTD..
ENGINEERS AND SHIPBUILDERS, KOWLOON.
Tug-boats, Barges. Fast Launches, River Steamers,
and Motor-vessels.
Constructional Work and Repairs of All kinds.
Cables: SETBOURNE.
Telephs:
Works (day) Manager (night) Secretary
K.21. ...K.683. ...K.369. Harbour Engineers...K.604, K.622.
HONGKONG HOTEL
GARAGE
TYRES AND TYRE SERVIGË.
RUBBER
UNITED STATES
TYRES AND TUBES
New shipment just arrived Ex: 8.8. “Surags" Inch Sizes Fabric Clincher
876
105
885 x 10
816
880 X 120
34
32 x 40
fillimeter Sizes Fabric
Clincher
Tyres $29.00
35.
Tuber
*
880 135
95
805 x 135
99.00
Inch Sizes Royal Cora
Straight Side Non Skid
120.00
122.00
130.00
135.00
137600
12.25
165.00
-13.00 13.50
36 = 6
Inch Sizes Nobby Cord
Straight Bide Non Skid
180,00
36,00
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מי
At that time and for many ventures singe, gold was a common medium of exchange, because that metal was mined
"
The fact of British origin still makes strong appeal to the Chinese mind, but if the buyer is faced with the prospect of long delay between order unit delivery of goods, coupled with what he considers vexatiously strict terms of payment, he will most assuredly turn to the merchant of whenever antionality who is prepared
in sufficient quantities in the country for supply his requirements from stock and will give him evelit approximating to native practice.
5
A HANKOW WEDDING.
FISHER MCDONALD. –
As the bridegroom is well-known in Hongkong the following account of a recent wedding at Bunkow will interest
any readers :-
KWANGCHOW-WAN,
AGITATION FOR ITS RETURN TO CHINA.
no steps to restore Kwangehowwas. The right of extraterritoriality has been un- lawfully infringed, and steps should be taken for its restoration to the owner. Citizens of China should arge its restorat. on either one way or the other."
BRITISH TRADE. COMPARISON WITH 1913.
MONEY AND CREDIT IN
TRADE WITH CHINA.
·CHINA.
BRITISH AND GERMAN METHODS. PEARLS AND JADE AS CURRENCY.
In a letter to the Home Press Mr. V. Strange marks that after ten years'
At Canton on Thursday`a low "enthn LAY THE GOVERNMENT BURENT OF
commercial experience in China, German
Masts in motor cars distributed oculars ROVNOMIC INFORMATION. Į
business methods in that country have
of which the following translation is Metallie money made its appearance
always been far more enterprising than
One of the most notabla wedding cers given by the Canton Times:- in China as early as the Han Dynasty: Four own, and during the time that the monies celebrated in Hankow for some Kwangchowwan, a place stretching about twenty-two centuries before the
Germans were "ay war" with China, years' past was solemnized in St. Joseph's in the west of Hongkong and Macao, and Christian Era. About 700 B.C., it was and their operations were restricted for | Cathedrud - yesterday, when, following east of Burmaah and Tongking, is the recorded that there were there kinds of brious Avous, there is not the least upon the civil formalities performed at open door of the South and pulau sentre money; pearl and jude as the highest donbt that Chinese connections. were the British Consulate-General by Mr. H. of Kwangting. It is easily accessible to grade, gold as the medium grade, and deliberately fostered and maintained Goffe, C.M.G., Mr. Thomas Jaunes Fisher, Yunnan and Szechuen, so that it is an copper as the lowelt grade. They were through neutral channels with a view to the popular taipan of the local offices of important place in every respect. Tho however, used only by the frutat lords
an immediate resumption of trade on the Messrs. Butterfield & Swire, was married place was leaged to the French by the mong themselves, and not by the cou-ssation of "hostilities." He continues:
to Miss Margaret Mary McDonald, eldest Mancha Government. Since Franco got. mon people, as there was very little trade
The necessity for setting our house in daughter of Mr. and Mrs. John Me possession of it, she has levied heavy carried on by, the people "at that time, order is obvious, and on broad lines we Donald of Cape Town and niece to Mrs taxes on the people without according In the Han Dynasty, about the beginning should do well to follow the German. G. C. Bailey (formerly of Hongkong), kind treatment for the inhabitants as aho of the Christian Era, representative money business man's example. I am not going
The service in the Cathedral, which had should. She imported opium which is the-- came into etrculation. The Emperor had to suggest that we should adopt Gortaan been very charmingly decorated for the fundamental evil to the people, and lower- in his park white deer which could not methods unreservedly, such as, for exascension with white Howers, was conducted down the spirit of the inhabitants of be found elsewhere, and the skin of the ple, their tempting" bag"dangerous, syed by the Rev. Fathers Connaughton and Kwangehowwan, and neighbouring places. deer was cut into square picers, em teur of alust "ualimited credits so dent Gilgat. Notwithstanding the very conside. According to the treaty i should be res broded with designs, and passed for ↑ to the heart of 'overy. Chinese merchantsable size of the building it was almost tored to the Republic of China. At the forty catting of gold At the same time, but I de advocate that manufacturers Alled by the very lurge attendance of Washington Conference hell, some time differens kinds of metals were coined should take what is merely a normal members of the community of all nations, ago, Great Britain was willing to restere into mioary for use by the people. The tunereal risk and ship on consignment quite a large number of Chinese also Weihaiwei to China, but the French tonk first bore the design of a dragon, the suitable goods for disposal through
their
being presen" second a hotar, and the third a'tortoise, agents on the spot subject to reasonabls
Punctually on the stroke of three, the for" is was said that dingons moved control, unstead of following the extremely bride appeared on the arm of her uncle, fastest to the skies," horses moved safe and conservative methods of relying Mr. Bailey, and walked slowly down the fastest on the vařth, while in human qoni' sales on sample, either to an approv-aisle. Miss McDonald looked charming affairs the turoise was the **quickest
bing. The third explanation was the credit or for cash against shipping in a gown of ivory georgette, made very most surprising, because we all know that documents.
simply with pleated panels and Wide tortoises are the slowest of animals, but
sters richly embroidered with" pearls at that the wortore shells were ad Fortune welling, and the lowest
and silver thread and completed with a animal kecaine, therefore, the quickest by
pear girds Her veil, which was very prediction.Now-a-days we should en- grave ships, automobiles and wireless
long and arrved as a train, was held to
Sir Mitchell-Thomson, in the House of stations, on such coins.
her head with a silver bandeau and sap Commons, recently, stated: From the results ported by her attendanta, Miss Christine obtained through the census of production Reed ant Master John Fowler, both of inquiries relating to 1907 and 1912, it may whom were charmingly attired in yellow. be estimated that the total value of the the purposes it served. Rowever, 1
goods produced in the United Kingdom in w The bridegroom was ably supported by in 1919, taken at the place of production, metals were generally used by weight. It is true that the Han Emperors coined
Mr. W. S. Depres as best man.
was about £1,600,000,000. The exports.of copper into "half ounce ' and fre
There was a very pretty setting at the produce and manufactures of the United cha sizes, but they represented actual Dynasty. The Shansi banks were known weights and did not circular widely for their fine. organization, and similar door of the Cathedral when the happy Kingdom in 1913 were valued, free on board Even in the dynasties before Ean, coppe: instimtions were found in other provinces, couple had rose leaves, sprinkled on their ship at the ports from which they were exported, at £325,000,000. Making allow. had been coined into shapes resembling These banks are generally classifed in path by Miss Diana Charleton, Missance for the difference between the ralues knives and forks-not knives and forks three grades, hari-hrà chieng, or those used at modern dinner tables, however but they, too, were very much limited a town
or elsewhere ordinary chien who, attired in white, acted as flowe ports, about 30 per cent. of the goods produced are estimated to have been their circulation. In fact, the yellow chwung, or those doing a limited amount girls. The bridal party and guests then exported. The exports in 1913 to foreign metal was the favourite median of ex-of business with their own customers change, and when that was not used, directly and money exchange shops adjourned in the Consulate grounds, countries were valued at £$30,000,000 « trade was carried on by barter.
which sometimes "accept. deposits in ad- where by the kindness of Mr. and Mrs and those to the British Empire overseas at £195,000,000 and, on the same basis, dition to their primary work.
Goffe a reception took place, the car these values would represent about 19 per- THE FIRST ROUND COINS. The earliest round ceius on record were those minted by Tang Emperor in the The first class of banks hail their own king the couple being daintily decorated cent. and 11 per cent, respectively of the
"with white streamers and flowers and at aggregate of goods produced it that year. reign of Watel (A.D.052). They were cheques before the iden of cheque accounte
tached to the back with, unknown to
No census of production has been taken of brass, and had square holes in the was introduced from abroad.
since 1912, and, accordingly, I am unable the Manchu chegars were known as chang-pine, them, the placardspliced, a riding to give the values of the production in centre like the brass coins
boot and a" shipper. The usual toasts 1920 or 1921. It has been calculated, dynasty, some of which are still in exist which lie the came of the bank in ehee. Each coin"weighed one mace and printel forin as well as a few other de
honoured with enthusiasm and however, that, taken at the average values represented one cash, and that has since but the amount, the date, etc. felicitations and congratulatory sperrhea of the exports of 1913, the exports of the become the standard of braes money. At were hand-written. At the bottom the were made and acknowledged. the same time, chien stood both for money bank attached its own seal, and on, thy
The bride and bridegroom were the last quarter of 1921 represented approxi- and fur, mace, or one-tenth of an ounce, edge also, showing in the latter case half Formerly, there was no such coincidence, the seal on the cheques and half on the recipients of numerous and very beautiful mately a rate of £326,000,000 per annum. and when knives and forks were in use, counterfuil. On the edge, also who write presents which were on view. These in. There are some grounds for believing that eluded from the bride to the bridegroom the output of 1921 was about 25 per cent, money was more commonly called chunn, en serial number, which served the use of silver hairbrushes and from the lesa in volume that that of 1913, and, if or fountain
purpose of identifiention. The main dif
represent 24 per cent, of the production, Silver came into common use in the fernee between ang-pia and the bridegroom to the bride a diamond and this be the case, the exports of 1921 would Yuan dynasty, aboas twelve centuries mon cheque is that the former was
Mr. and Mrs. Fisher departed for their of that year. The exports to foreign after Christ. It went by the teel, mean-sisund by the bank instead of harrynoon on the Yangtaza Gorges amid countries and to the British Empire aver ing an ounce, but a tiel at that time by a customer.
a shower of riec and roses. The bride seas were recorded in 1921 at £404,000,000 differed from the present tael. As there Cridie was either personal or institu- travelled in a powder blue georgette and £299,000,000 respectively, and the was not enough silver for circulation, tional, if we may use such a term to dress embroidered in soft colour and a division of 24 per cent. in these proportions much of it was represented by paper devet: the credi: of firms. No security are straw hat trimmed with quills..
would assign approximately 15 per cent. was demanded of the customer for mak money, known as so, and there were
Perfect weather favoured the wedding to foreign countries and 9 per cent. to the etc..ng luas, except on the strength of his day in honour of which all Messrs. Butter British Empire. Chung-tung an, Chihy-uan 100,
was usually signifying different tenors of depreciated basis standing, which
field Swire's steamers in port were Otherwise, be notes issued during different reigns. In well-known to the bank.
gaily dressed with bunting. the Ming Dynasty--the one mediately could not arrange any loan except by preceding the Manchu Dynasty-ilver guarantee, and the guarantor had to be a was widely used for tax payment as well person or Grin having a very good stand- for business transactions, but the ing in business and well-known to the The horrower might have a firm actual money in circulation was mostly bank. paper representing silver. The name tra of his own, in which it would also be
Messrs. Montagu's silver report for 4th, states that the unsettled remained to thin day; and from it we the standing of his firm that carried a get the term trap-pico, enging bank weight, with the bank. Yet, as all old condition of affairs in China had caused
fashioned finns land their credit closely a certain amount of silver buying. There In the House of Lords recently Lord The index standard is a new idea of involved with the character of the pro-were a few unimportant purchases also BUCKMASTER called attention to the prori which there is no counterpart in Chinese prietor and the manager, it was really made on account of Indian bazaars. The ions of the Pegs Treaties, and mored that history, but if actual commollities be the personal credit of the proprietor or market, however, was not very pro the terms of the Treaties appropriating the used as the basis of note Issues, the ex- the manager on which the lank depend nouncedly affected by this combined de continued sup
private property of enemy subjects shall perience of the Chinese Emperors of the ed
not apply to enins of 25,000 or less where. Sung Dynasty may be taken as a warn This custom of depending on personal mand. Owing to
plies and China re-selling there is ani. that A.D., large quantities of paper money (antées, may be considered as the causet bought in excess of requirements during parents or had been resident in
of Chinese business integrity, The were issued, at first against hard. money, but later against such commcditled as bonesty of Chinese merchants is well the preceding week but they are naturally country continuously for 25 years before loath to cut losses while war operations August 4th, 1914. He quoted cases where salt, tea, etc. The salt industry was known all over the world. How does it
are progressing. The prospects are fairly these terms had worked great hardships on under a Government monopoly, and the come about? The answer is: their train- good though the price seems rather high innocent personS.
The Marquis of LASADOWNE saw ho- government's control over this comino-ing and their traditions. They must be from the standpoint of trade. Shanghai dity was absolute. Yet it was often em- absolutely honest before they can do any stocks have been reduced eight per cent., thing in the Treaty which deprived tho barrassed by inability to meet the de-business at all, and if their reputation is and it is estimated that over half of the who had to interpret it exercising reasonable mand of the note-holders, and the notes spoiled at one place, through dishonesty, total amount of silver authorised to be discretion and discrimination in enforcing depreciated just the same. Beside, when through unfaithfulness to their guar- paper money was only good for certain antors, they cannot move to another place Fre-purchased under the Pittman Act it. He saw no prospect of the sufferers. kinds of commodities, and not for all, its and do business there with success. The now bought. The director of the United obtaining any satisfaction from Germany. purchasing power was limited, and people People of the second city would first test States mint says every effort is being some of the cases cited" seemed to be who did not care for these commodities their character and investigate their re-made to expedite the conversion of this instances of virtual spoliation. would still accept it at a discount, cord, and if they failed in either, their bullion into dollars. Finally, there was the danger that some career frust come to an end. men might get a large amount of the credit grew and declined with their char- notes and effect a "corner" in the com modity.
that bass balances with other banks in Jenifer Skinner and Mise Betty Beddow, at the place of production mal at the w
45
uotes.
ja
..
THE FIRST CHEQUES.
...
Their
Their
were
platinum bar brooch.
THE SILVER MARKET.
1
acter, and net with their wealth; hence IRRITATED & INFLAMED EYE the Chinese business man is faithful to his word even if their be no written evidence can be directly traced in many cases to or witness to the transaction.
the Sunday Motor trip and Golfing. The dust from sections & the local road
AGRICULTURAL CREDITS,
PROPERTY OF ENEMY SUBJECTS.
PEERS TRY TO AVOID HARDSHIP TO INNOCENT PERSONS.
this
Lord GORELL said they must, beware of allowing their passion for justice to pass our own people had suffered irreparably into mere sentiment. Great numbers of from the war. The first responsibility of the Government was the protection of the property of its own subjects. When that was satisfied they could begin to consider the interests of ex-enemy nationals. ing then redeemable in all these com with the rural credit organizations of the gestion for these trips would be to keep cases of hardship reated with the modities as the option of the government. Western countries, Farmers borrow from the windshield up and to use a pair of Gerinau Government, and the first protest This would be tantamount to fixing the their landlords, from ordinary banks, gan glasses. San glasses of any pattern should be made to them. By German law prices of these commodities, and that and from anybody with whom they with either Crookes, Luzfel, Fieuzal, a German living abroad for 25 years Lecame could not be done without causing much have any credit. A credit in China inconvenience to trade and industry, is based on character rather than on Amber, London Smoke, or Blao lenses
The credit Byntera of China has also wealth, the farmer can be as good a cua
are obtainable at very moderate prices long history. The first banking functomer to the bank as a millionaire, How- tance of money from one place to another, in the country to meet the seasonal needs tion recorded in history was the remit ever, usually there is not sufficient money from The Hongkong Optical Co., suces sora to Clark & Co., Maanfacturing and and that was done in the Tang Dynasty, of the farmer, and interest rates are very Retracting Opticians the most compet about 808 A.D. it was known as feh-chien, (high. This is a great problem with or the flying of money" Later, other Chinese bankers and financiers, and us ent manufacturing optical establishment functions developed one by one, and a less they can deviza 'some system to fur- in South. China-located in 53, Queen's more or less complete bank made ita ap ther the agricultural and industrial peatame in the latter part of the Hing development of the country, their mission Bond Central, (opposite to the Singer
Sewing Machine Company,-ADVE. · (201) to 21. in only half performed. (Continued at foot of sext column.)
CHINA'S CREDIT SYSTEM, To avoid these mistakes, notes would have to be issued against définite quaa As to farm credit, there is not much of contain a decided eye irritant. The first responsibility for all these tities of various commodities, thus maka system at present that is comparable
Stateless unless he took special steps to preserve his nationality, and the Board of Trade released the whole of the sums due to such Stateless Germans, Were they to treat equally well Germans who had taken aina to preserve their enemy nationality? The Committee act up was empowered to release, up to £1,000 to ex-enemies resident here, and up to £200 to those formerly resident bere but now abroad..
The resolution was carried by 37-rotes