THE CURRENCY QUESTION.

POINTS AGAINST A GOLD

Following is the paper read

ANDARD.

Mr. E. C. B. Palmer, B.A., gi opponent to Mr. E.S. Little in the recent, debate at the Foreign Y.M.C.A. on the question of a Gold, Standard for China. Mr. Little's arguments were largely based on the articles contributed by him to the N. C. 1). News, and reproduced in our columns. Mr. Palmer said: It is not my purpose to give here a history of the money question. shail limit myself to the present conditions in

China..

7. In order to establish a gokl standard a country must be in a fairly sound financial condition, with a strong central government and a people educated up to the need of such à standardh This is proved by history to have been the case in the establishment of the gold standard in the present gold-using countries.

There are three theoretical standards of money, the Gold Standard; the Silver Standard and the Bimetallic Standard,

+

We find most of the countries of the world divided into two groups, the gold-using countries and the silver-using countries. We find that the gutd-using group is a group of great importance "in international commerce, whose lahus of

THE HONGKONG TELEGRAPH SATURDAY JANUARY 31, 1903.

$200,000,000, to cover about $400,000,000 of

fiat money. he United States in 1812 hád in circulation an amount equal to about $9 per capita 300,000,000 in circulation in China would allow about $2 per capita and fir the ratio of the relative wealth of circulation at 9:2:

Granting that $200,000,000, is a conservative, estimate fthe gold reserve wanted; where would China get this amount of money? Not from her revenges, for they will go during the nest 39 years towards paying off the indamalty and filling the pockets of the Rulers of China.

Russia has offered to nasist her," you say. Dow can Russia avist any one, when she is walking on the verge of bankruptcy herself and meets her own expenses by borrowing from France? I grant you that there are other countries that would advance the money pro vided proper security were given. But this proper security--what is it? Probably a re- inquishment of some sovereign right or rights that a country should hold sacred. There may -be warse happenings 10 a country than the retention of a silver basis of money.

A loan has been suggested. Japan, with her developed resources, found it difficult to float a small lean a little while ago. What recep- lion would China meet with if she were to try and float a loan of $200,000,000? I dare pre- dict that such a step, taken by the present financiers of China, would involve the partition

Consignees,~***

BOSTON STEAMSHIP COMPANY.

NOTICE TO CONSIGNEES.

Intimations,

YOU WILL NOT BE DECHIVED,” That there are cheats and frauds in plenty everybody knows; but it is seldom or never STEAMSHIP SHAWMUT":

that any large business house is guilty of them, FROM TACOMA, VICTORIA, YOKO no matter what line of trade it follows. There The above Steamer having arrived, Consignees based on dishonesty or deception. There HAMA, KOBE AND MOJL can be no permanent success of any kind of Cargo are hereby requested to send in their never was, and never will be. The men who take immediate delivery of their Goods fromry that are simply fools and soon come to Bills of Lading for countersignature and to

alongside.

grief-as they deserve. Now many persons advertised articles lest they be humbugged are, nevertheless, afraid to buy certain

and deluded i especially are they slow to place

will be landed and stored at Consignees' risk Cargo impeding the discharge of the Vessel and expense.

any case whatever.

No Fire Insurance will be effected by us in

DODWELL & CO., LIMITED,

.Agents. Hongkong, 26th January, 1003

FROM HAMBURG, PORT SAID, COLOMBO AND SINGAPORE. THE H.A.L. Steamship

· SITHONIA,"

confidence in published statements of the merits of medicines. The effective remedy known as

WAMPOLE'S PREPARATION is as safe and genuine an article to purchase as flour, silk or colton goods from the mills of, manufacturers with a world-wide reputation. Captain Hildebrandt, having arrived from the We could not afford to exaggerate its qualities above ports, Consignees of Cargo are hereby or misrepresent it in the least; and it is not requested to send in their Bills of Lading for necessary. It is palatable as honey and con. take immediate delivery of their goods from Pure Cod Liver Oil, extracted by us from fresh countersignature by the Undersigned and totains the nutritive and curative properties of alongside.

cod livers, combined with the Compound Syrup of Hypophosphites and the Extracts of Malt and Wild Cherry; and how valuable such

Optional Cargowill be forwarded unless notice to the contrary be given before TO-DAY, Any Cargo impeding her discharge will be

5 P.M.

Mails

NIPPON YUSEN KAISHA (THE JAPAN MAIL STEAMSHIP COMPANY:)

DESTINATIONS

PROJECTED SAILINGS FROM HONGKONG.-SUBJECT TO ALTERATION,

(MARSEILLES, LONDON & ANT-SATURDAY, 7th Feb, at

. STEAMERS.

TAMBA MARU..

J. W. Walc..

RIOJUN MARU* N. Okno

RAMAKURA MARU

H. Petersen......

SANUKI MARU

W. Townsend..

IYO MARU*

C. H. Butler

KAGOSHIMA MARU

. K. Kori BOMBAY MARU..........

T. Murai INARA MANU

W. Bainbridge

WERP, VIA SINGAPORE, PENANG, COLOMBO and PORT SAID

SAILING DATES.

Daylight.

4 P.M."

VICTORIA, B.C., and SEATTLE, TUESDAY, 10th Feb., at

U.S.A., VIA SHANGHAI, MOJI, KOBE and YOKOHAMA KOBE and YOKOHAMA (MARSEILLES, LONDON & ANT- WERP, VIA SINGAPORE, PENANG, COLOMBO and FORT SAID........ VICTORIA, B.C., and SEATTLE,

US.A., VIA SHANGHAI, MOJI, KOBE and YOKOHAMA

FRIDAY, 13th Feb, at

Daylight. SATURDAY, 21st Feb., at

Daylight,

TUESDAY, 24th Feb., ai

4. P. M.

BOMBAY, VIA SINGAPORE and? TUESDAY, 24th Feb., at

COLOMBO

· {MOJI, KOBE and YOKOHAMA

Noon

Noon

TUESDAY, 24th Feb; at

KOBE and YOKOHAMA....

FRIDAY, 27th Feb., at

E. W. Haswell........

KASUGA MARU

II. Fraser

MANILA, THURSDAY ISLAND, TOWNSVILLE and BRISBANE,......

Daylight, NAGASAKI, KOBE and YOKO-1 FRIDAY, 27th Feb., at

• НАМА

Noon. SYDNEY and MELBOURNE, VIA FRIDAY, 27th Feb., at

:

trade make gold money or bank notes pred of China. No such luan could be floated, un-landed into the Godowns of the Hongkong and a blending of these important medicinal agents KUMANO MARU cated upon a gold basis, the most agreeable less China itself wère mortgaged to pay for it. Kowloon Wharf and Godowa Co., Limited, and must he is plain to everybody, It is beyond 1

and must convenient medium of exchange. There are rich countries having vast ac cumulations of wealth, derived from their industry in the past. In them, because their productive power is large, wages are high. In them, trade and industry are organised with the development of her commerce and in her to be left in the Godowns, where they will be W. H. Dalfe, of Canada; says: "I have used it

a great degree of complexity and minuteness.

The use of silver in these countries as the or dinary money of trade would be attended with great inconvenience and would meet with too much prejudice on the part of the people to allow any of these govemments to introduce it as the sole money of fill legal tender power, These gold countries, however, use a large amount of fractionary silver money in retail business, redeemable in gold at its face value. On the other hand, we find a group of countries, embracing an aggregate number of inhabitants nearly as great as those already mentioned, in which the form of industry, gove nment, and the habits of the people are such as to make gold an impossible money.

in these countries, trade and industry are imperfectly organised and wages are low,

Reasons of practical convenience sentiment, and habit give silver an allegiance that is too loyal to be overcome at their present stage of

civilisation.

The civilisation of a country may be gauged in many ways and by many standards. But one of the surest ways of gauging it is by the standard of money used. The passing from copper to silver marks one stage. The passing from silver to gold marks a more perfect stage in the progress of civilisation.

There are few banks in China, and so the banking business part of a gold standard, in so far as it related to the regulation of the supply, would have to be done by the govern. mant. The issue of subsidiary coinage and other forms of fiat money must be redeemable by the government in gold. The redemption

of fiat money is always liable to contingencies. The government may not be able at all times

|

No Fire Insurance has been effected.

HAMBURG-AMERIKA LINIE,

Hongkong Office. Hongkang, 27th January, 1903. [114e

STEAMSHIP "OCEANIEN."

·COMPAGNIE DES MESSAGERIES MARITIMES.

Is the gold standard A good bargain for China stored at Consignees' risk and expense. at such a price? The nations are not con-have left the Godowns, and all Goods remaining No Claims will be admitted after the Goods cerned enough about China to give her any undelivered after the 3rd February will be other help than advice. Japan, which is at subject to rent. least a quarter of a century ahead of China in All broken, chafed and damaged Goods are civilisation, has only just recently adopted such examined on the 3rd February, at 3 F.M. tions are against China. Sa notoriously corrupt a standard. All things fa oured her; all condi-

n government as the present one could not maintain a gold standard. Do you imagine that cogaised princi; le of international law, outraged a country, whose rulers have broken every re- all laws of humanity; do you suppose that a go- vernment run on such a cheme, would hesitate money in gold? Do you venture to think that a moment to refuse the redemption of her fat she will allow us to run her mints, as we run her Customs? No. The Chinese, already, gain.control of offices filled by the foreigner are looking forward to the time when they can

She will not consent to any scheme that will place the control of her banking systein in standard would only tend toward bankruptcy foreign hands. The introducing of a gold and the weakening of her already weak credit; place her hopelessly in debt to other nations an tend toward the disintegration, of China. The reorganisation of the Government" musi come before the present currency system can be tempered with so radically..

come when the country has reached that pro's. The gold standard bus to come and will

perous stage, when, with the standard of civilisation inised, commerce developed and standards of living raised, it can be changed to the profit and lasting good of the nation; its change now is impossible.

Consignees.

NOTICE TO CONSIGNEES.

to redeem it. The government may not be THE P. & O. S. N. Co.'s Steamship

willing at all times to redeem it. In either case It could not be coerced, like a bank, by a fine or by suspension The money of a country consists of all the gold and silver, and all the fiat money redeemable in gold and silver. How much gold is needed to keep all the silver and the fiat money

at par,

A

"FORMOSA,"

FROM ANTWERP, LONDON, PORT SAID, SUEZ AND STRAITS.

vessel are hereby informed that their Goods are Consignees of Cargo by the above-named being landed and placed at their risk in the Hongkong and Kowloon Wharf and Godown Company's Godowns at Kowloon, where each consignment will be sorted out mark by mark, Goods are landed. and delivery can be obtained as soon as the

Optional Goods will be landed here unless instructions are given to the contrary before-

PM, TO-DAY,

Goods not cleared by the 2nd proximo, at P.M., will be subject to rent

No Fire Insurance will be effected by mne in any case whatever.

Damaged packages must be left in the Go- downs for examination by the Consignee's and the Company's representative at an appointed

up hour,

a

All claims must be presented within ten days of the steamer's arrival here after which date they cannot be recognised.

can only be determined by ex- perience and experiment. In 1883, when the population and wealth of the United States was far below what it is nów, a gold reserve of $109,000,000 was maintained by Act of Congress as a fund to redeem the money of the country. This amount of gold was con- sidered necessary, puiting the amount of fat money at $350,000,000. This, too, at a time when there was

much stronger government than China's

to back the gold standard, The distrust in weak government and the consequent die- trust in its ability to redeem its fiat money, would make the amount of the gold reserve re- quired much larger. The Gold Reserve of the United States in 1882 was 35 per cent of the fiat money issued ; this has decreased gradually, as the revenues of the Government increased. At the present time the amount of the gold reserve is about 6 per cent of the fiat money issued; but the deficiency is accounted for by the increased revenues of the Government. This fiat money can be used at Its pår välue to pay taxes and other Government dues. If these taxes were not paid in fiat money, they would have to be paid in gold. But what signees of Cargo are hereby requested to send The above Steamer having arrived, Con- could the Government of China do with a in their Bills of Lading for Countersignature, revenue paid in her own fut money, when she and to take immediate delivery of their Goods has to met a big indemnity payable in gold from alongside.

have left the Godowns..

No claims will be admitted after the goods

E. A. HEWETT,

Superintendent. Hongkong, 27th January, 1903

ORTHERN PACIFIC STEAMSHIP

COMPANY.

NOTICE TO CONSIGNEES. STEAMSHIP "DUKE OF FIFE," FROM TACOMA, VICTORIA, YOKO. HAMA, KOBE, MOJI AND SHANGHAL

4

NOTICE TO CONSIGNEES.

CONSIGNEES of Cargo are hereby inform

ed that their Goods, with the exception landed and stored at their risks into the Godowns of Opium, Treasure and Valuables are being

of the Hongkong and Kowloon Wharf and Go- down Co., Limited, at Kowloon, whence delivery may be obtained immediately after landing.

intimation is received from the Consignees Optional Cargo will be forwarded on unless

ing it to be landed here. before 9A.M., TO-DAY, the 27th instant, request-

price in Anemia, Scrofula, Weakness and lack chitis, La Grippe, Lung Troubles and 1m- of. Nervous Tone, Wasting Diseases, Bron. purities of the Blood. Science can furnish nothing better-perhaps nothing so good. Dr

in my practice and take pleasure in recommend. ing it as a valuable tonic and reconstructive." It is a remedy that can afford to appeal to its record and represents the science and know- ledge of bright and aggressive medical in vestigation. Effective from the first dose. "You cannot be disappointed in it." Like all good things it is imitated. Sold by chemists throughout the world and A. S. Watson & Co, Limited.

WHY PAY

$5

3

to have your Bicycle re-

Undersigned. Goods remaining unclaimed Bills of Lading will be countersigned by the after MONDAY, the 2nd February, at No, novated when you can will be subject to rent and landing charges.

All claims must be sent in to me on or before the 2nd February, or they will not be recognised.

All damaged packages will be examined on buy a tin of

MONDAY, the 2nd February, at 3 P.M., No Fire Insurance has been effected.

G. DE CHAMPEAUX, Agaat.

(10040

Hongkong, 27th January, 1003

NOTICE TO CONSIGNEES.

FROM CALCUTTA, PENANG AND SINGAPORE

THE Steamship

ཏཱ

"LIGHTNING,"

ALUMINUM

PAINT

for $1.25? It contains

sufficient material to

having arrived from the above Ports, Consignees make two old Machines

of Cargo are hereby informed that their Goods

will be delivered from alongside.

Cargo impeding the discharge will be landed

at once,

Cargo remaining on board after the and Feb. reary, at 4 P.M., will be landed at Consignees risk and expense into the Godowns of the Hongkong and Kowloon Wharf and Godown Co., Limited.

Consignees of Cargo from SINGAPORE and PENANG are requested to take IMMEDIATE such Cargo impeding the discharge of the vessel DELIVERY of their Goods from alongside; will be landed and stored at Consignees' risk and

expense.

No Fire Insurance will be effected. Bills of Lading will be countersigned by

DAVID SASSOON & Co., LIMITED;

Agents.

Hongkong, 18th January, 1953.

NIPPON YUSEN KAISHA,

NOTICE TO CONSIGNEES.

[1160

FROM MIDDLESBOROUGH, ANTWERP, LONDON, PORT SAID, COLOMBO AND SINGAPORE. THE Company's Steamship

"AWA MARU,"

like new.

IMPORTED BY

RITCHIE

39, Des Voeux Road.

Maneno. 28th January, 1903

& Co.,

15678

SOMETHING ABOUT "BARGAINS IN GLASSES."

There is no such thing as "bargains" in Glasses which are worth $1 for

having arrived from the above Ports, consignees eye glasses

4 P.M. Through Passenger Tickets issued for the Principal Cities in the United States, Canada and Europe in connection with the GREAT NORTHERN RAILWAY and Atlantic Steamers. Round-the-World Tickets also issed. Between Moji and Kobe, 1st and 2nd Class Through Passengers have the Option of Travelling by the Sanyo Railway.

For further Information as to Freight, Passage, Sailings, &c., apply at the Company's Local Branch Office in Prince's Building, 1st Floor, Chater Road.

Hongkong. 30th January. 13 NORTHERN PACIFIC STEAMSHIP COMPANY.

BOSTON STEAMSHIP COMPANY. BOSTON TOW-BOAT COMPANY.

VIA

PROPOSED Sailings from HONGKONG, SHANGHAI, INLAND SEA OF JAPAN, KOBE AND YOKOHAMA, FOR VICTORIA, D.C. AND TACOMA, IN CONNECTION WITH NORTHERN PACIFIC RAILWAY COMPANY.

A. 8. MIHARA, Manager.

Insurances.

"STRONGEST IN THE WORLD" Take

Equitable Life Assurance.. All

Contracts

Have Loan and Cash Values and Embrace all good features of Rival Companies. The Standing, Strength and Stability of the Company is unquestioned. For Rates or Information, Call on or

Address

F. KIENE,

14, Des Voeux Road.

Steamers. Tons, Captains.

1903.

[se]

Pleiades.

| 3,753 F. G. Purington Feb. 7 9,606 W. M. Smith... Feb. 17 4.417

Mar, to 3,502 J. Panton

Mar. 17

NORTH GERMAN FIRE LISURANCE COMPANY OF HAMBURG.

Undersigned AGENTS- of the above

Shawmut

Lyri Victoria

Steamers marked (") have no passenger THEompany are prepared to accept Fire,

accommodation,

The attention of passengers is directed to Class FOREIGN and CHINESE RISKS st the very cheap rates offered by this line to the CURRENT RATES. Pacific Coast and to the Interior and Eastern

SIEMSSEN & Co. Cities of the United States and to Europe. Hongkong, 28th May, 180, ?

-Special rates allowed to members of Govern- ! ment Services.

Through Bills of Lading issued to Pacific Coast Foints and to the Principal Cities in the United States and Canada.

For further Information as to Freight or

Passage, apply to

DODWELL, & CO., LIMITED,

General Agents. Hongkong, z4th January, 103. 1874

COMPAGNIE DES MESSAGERIES

MARITIMES.

PAQUEBOTS-POSTE FRANCAIS,

NOTICE.

STEAM FOR SAIGON, SINGAPORE, BATAVIA, COLOMBO, PONDICHERRY, MADRAS, CALCUTTA, DJIBOUTI, EGYPT, MARSEILLES, MEDITERRANEAN AND BLACK SEA PORTS, LONDON,

HAVRE, BORDEAUX; ALSO PORTS or BRAZIL AND RIVER PLATE.“

ON MONDAY, the 9th February, 1903. at . P.M., the Company's Steamship "SALAZIE," Capt. Aubert, with Mails, Passengers. Specie and Cargo, will leave this

Masonic

ZETLAND

LODGE,

ag

No. 125, E.C.

LODGE will be held at the FREE REGÜLAR MEETING of ZETLAND MASONS' HALL, Zetland Street, an MONDAY, the 2nd February, at 8.30 for 9 p.m. precisely. Visiting Brethren are cordially invited to attend.

Hongkong, 23rd January: 1903.

(986

Intimations.

F. BLACKHEAD & CO.,

SHIP-CHANDLERS, SAILMAKERS, COAL AND PROVISION MER- CHANTS, NAVAL CONTRACTORS, AND GFNERAL COMMISSION

AGENTS, GER PRAYA CENTRAL HONGKONG, SOAP MANUFACTURERS.

#

SOLE AGENTS FORLA ARTMANN'S RAHTJEN'S GENUINE

Port for MARSEILLES, via Ports of Call," "COMPOSITION RED HAND

WITHOUT TRANSHIPMENT..

Cargo and Specie will be registered for Lon- don as well as for Marseilles, and accepted in transit through Marseilles for the principal places of Europe.

Shipping Orders will be granted till Noon, Cargo will be received on board until 4 P.M., Specie and Parcels until 3 P.M., O the 8th February (Parcels are not to be sent on board ; they must be left at the Agency's Office.) Con- tepts and Value of Packages are required.

For further Particulars, apply at the Com-

G. DE CHAMPEAUX, Agent Hongkong, 17th January, 1901

of general cargo are hereby informed that their this week only" are not worth any more the Goods are being landed and placed at their next week or any other week, in fact they are fisk in the Hongkong and Kowloon Wharf and never wonb the money asked for, or better pany's Office. (4

Godown Company's Godown at Kowloon, still are too dear at any price. Your eyes need where each consignment will be sorted ont

Cargo impeding the discharge of the Vessel

Or, if she did not use the revenues to redeem will be landed and stored at Consigneta' risk the flat mong what amount of Gold Reserve and expense. would sho require? Presumably, such a weak government with a big indemnity to be any case whatever

paid in gold annually would require a reserve equal, or nearly equal, to the amount of fiat money issued,

No Fire Insurance will be effected by us in

DODWELL & CO., LIMITED, Agents. Hongkong, 30th Tanuary, 1902. PACIFIC MAIL STEAMSHIP COMPANY,

NOTICE.

[874d.

How much fiat should be issued to allow commerce to be carried on easily and safely The amount needed will vary with the rapidi- ty of circulation. The amount of money CONSIGNEES of CARGO per Steamship

"CITY OF PEKING,"

work done by $1,000, each dollar of which passes from band to hand ten times in a week, are hereby notified that their Goods are st will be equal to the work done by $10,000 that their risk being discharged into Lighters and/or changes owners only once during that time. landed into our Godowas Nos. 1 and 2, at China with a weaker government, a population may be, had either from Lighters or from our Kennedy Town, (Marino Lot 243), and delivery. six times as great, and a large war-debt, could Godowns upon countersignature of Bills of ill afford to back a gold standard with a Lading. smaller gold reserve, than the United States used in 1882

Conservative estimates, deduced from the experience of the United States and other

countries, would, fix-

safo gold reserve at

SK for ASAHI JAPANESE BEER

AS

C. Girait::

Goods remaining unclaimed after the 6th February will be subject to rent

before the 6th, February or they will not be All Claims must be sent in to me on or, recognised.

No Fire Insurance has been effected.

W.TILDEN,

Hongkong, seth January, 1902

Optional Goods will be carried on unless instructions are given to the contrary before

mark by mark and delivery can be obtained as a thorough examination by a reliable Eye soon as the Goods are landed.

Specialist before you get your glasses, and this examination is worth some money. To get the right glasses is worth everything-wearing wrong glasses means killing your eyesight. Your eyes are your life and no bargain-counter anicle,

4PM., TO-DAY.

Goods not cleared by the 4th February, will be subject to rent.

Office before the 7th February, or claims in the Godowns and Notice of same sent to this All ship-damaged packages must be left in

connection therewith will not be recognized.

NIPPON YUSEN KÄISHA Hengkong, 18th January, 1903

LEE LOONG.

DEALER IN Furniture, Blackwood, Plated Glass, Crockery Ware, Brass and Iron

Bedsteads and Rattan Safar

for whole set.

Just

ARRIVED, Nos. 1 & 3, D'Agullar Strut Behind Hongkong Dispensary. Hongkong. fat May, 100s.

GALLE

R

RITCHIE & CO.,

Hong

[496d

One charge covers the entire cost of exami- nation, glasses and frames.

N. LAZARUS,

OPTHALMIC OPTICIAN,

OF LONDON AND CALCUITA. Consulting Room:

No. 16, Queen's Road Central. Entrancethrough Mr. R. Houghton's Tailoring Establishment, nearly opposite Hongkong Hotel.

Ship Chandler, Coal Merchants,

Stevedores, Sail Makers, Wine

and Spirits, Tobacco and Cigars

To be Let.

OFFICES TO LET,

FRONTING on QUEEN'S KOAD.

Apply

"C.#

[10040

13, Queen's Road Central. Hongkong, 27th January, 1903. fart [1100

TO LET.

THE RETREAT-MOUNT KELLETT

HOUSES în LEIGHTON HILL ROAD.

י

BRAND, HARTMANNIS GREY PAINT DAIMLER'S PATENT MOTOR LAUNCHES, &C.

&C..

&C.

Sole Agents for FERGUSON'S SPECIAL CREAM

and t

P. & O. SPECIAL LIQUER SCOTCH WHISKY, &c. EVERY KIND OF SHIP'S STORES AND REQUISITES ALWAYS IN STOCK

ΑΣ

REASONABLE PRICES, Mangkanu, 1118 Mao, 1Řík.

FURNITURE WAREHOUSE.

LI KWONG LOONG, 李贵版

CABINET-MAKER AND ART DRCORATOR,

from Shanghai, has opened a FURNITURE STORE

No. 17, QUEEN'S

The only Shop in Hongkong

FLATED HERACRO CAUSEW

1 this name.

THERE HIGH CLASS FURNITURE of every description can be made to

WAY BAY, facing the Polo Ground. order in any design required: No. 1, RIPON TERRACE.

Has been patronised by the Hongkong Clab, GODOWNS at BOWRINGTON, Praya Fast. Hongkong Hotel, Messrs. A. S. Watson & Co Apply to

Ld.; Joint Telegraphs Cos, and other leading THE HONGKONG LAND INVEST-Establishments in the Colony, to whom refer MENT & AGENCY CO, LD. caca may be made as to the Superion Work Hongkong. 27th January, 1903. Tae manship and Materials of the Furniture, &c.,

supplied

TO LET.

Messrs. A.S. Watson & Co, write as follows “WO SPACIOUS GODOWNS-Nos. 95"We have pleasure in stating that ME LI TWO SPACIOUS GOD

TWO ROOMS above NEW VICTORIA HOTEL

KWONG LOONG furnished the Annexe to our Dispensary and gave us every satisfac

(Sd) A. S. WATSON & Co, Ld. ORDERS pucctually attended to, and CHARGES most moderate,

Launches for sale.” Shipping Transportation General,

tion

Telegraphic Address:

14

Ritchie, Hongkong" A.B.C. Code

4th Edition JS

used,

Apply to--

H. N. MODY,'

Victoria Building Hongkong, 4th December, 1902. [13284

& General Commission Agents

Des Voeux Road,

Sailors, Firemen, Cooks, Stawards & Boyi supplied, Also Waterat shortest Notice,

TO LET “EVERAL NEWLY BUILT EUROPEAN- HOUSES in LEIGHTON HILL-ROAD ----- Apply to

SEVERA

THE HONGKONG & KOWLOON LAND & LOAN CO., LD.

No. &, Queen's Road Wester

* Hongkõndi amk October

AN INSPECTION, INVITED. Hongkong, 20th December, 1902314000

TSU FAN

PRICE MOD

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