11
TELEGRAMS.
(Reuters)
Russia and Japan.
LONDON, i1th January. Germany and the other Powers of the Triple Alliance have determined to observe strict neutrality in the event of hostilities between Russia and Japan.
THE HONGKONG TELEGRAPH, WEDNESDAY, JANUARY 13, 1904.
TUGUESE MINISTERIAL.
CRISIS.
sion exists in the Cabinet¦and Prime Minister Senhor Hintze Rib rio has had éxtrefue diff The present uncertainty is having a disculty in keeping the Ministry together, notwith turbing effect on Russian public opinion which is becoming more and more pesai mistic; but the Press, white warning Japan that Russia has reached the limit in the way of concessions, professes to be hopeful of
peace.
LATER.
The Somaliland Expedition.
A successful engagement has been fought in Somaliland. Two British officers were killed and eight severely wounded, one thousand of the enemy were killed.
(Deutsche Japan-Post.)
The Crisis.
Berlin, 4th January,
standing numerous reconstructions with King Carlos, who plays to perfection the part of a 'constitutional monarch, bas freely granted him.
Northern NOTES..
Exchanges to hand this morning bring From Lisbon despatches, dated the rith ult., further newa. of the crisis in the North, wo icam that the Ministeral crisis which has According to the Kobe Chronicle, of the 7th been-fatent for "xame"months-past" might be inst., Japan appears to have taken up a most expected to manifest itself openly on the King's decided attitude with regard to fer "irreducible return from Villa Vicosa at the end of the minimum, and will not be diverted from il by month. It is an open excret that grave dissen-concessions which concede oply a small part of
what is demanded.-. She is not likely to consent to the transfer of the negotiations to St. Petersburg, where they may drag on for some time without coming to anything. The Japanese Government is being involved in enormous expense by virtue of her prepara- On the other hand, the state of health of Senbortions, and cannot brook any delay that would Luciand de Castro, chief of the Progressists, or involve the continuation of that expenditure Liberal party, and his advanced age make it without any security that a satisfactory agree impossible for him to entertain the idea of put-ment would be reached. Moreover, it is ̈ling bimself again at the head of the Ministry, suspected in Japan that Russian concessions a task which will therefore, in all probability, and proposals for renewed negotiations are fall to Senhor Beirao, or his infinitely more made with a view to protract negotiations until popular although considerably junior colleague, the Muscovite Power is in a more complete Senhor Jose Maria d'Alɲoim, a mosı abla sintes- state of preparedness, so that we greatly fear that if the tenor of the Russian reply is as stated, it does not to any material degree relieve the tension of the situation,"
The same journal also draws attention
man.
Reference has also been made to the pos- sibility of a Cabinet composed of elements drawn from neither of the two parties and
the insurance of cargoes against other than | AMERICAN NURSES FOR JAPAN. ordinary sea perils, and what little there is does not come from the big shippers, who may be expected to be the best informed as to the out look. Some business has been done recently in the insurance of rice cargoes from Rangoon to Japan against the risks of capture, seizuro, &c, at nominal rates, and many underwriters cheerfully accepted the risks of January and February shipments for practically nothing. It is, no doubt, the absence of a serious demand which makes them so complacement.
20
"
To-day's Advertisements.
PUBLIC AUCTION.
to Sell by PUBLIC AUCTION, FOR ACCOUNT OF THE CONCERNED,
од
SATURDAY, the 16th January, 1904, at If A.M., at their
Six hundred American women have offered their services as nurses to Japan in the event of a war with Russia. Mrs. Anila Newcomb McGee, president of the Association of Spanish- Americas War Nurses, writer to the Japanese THE Undersigned have received instructions Minister, Mr. Takahira "The party would consist exclusively of women who graduated in our well-equipped training schools for nurses, requiring two or three years' residence and work in a hospital, and who have also had ex- perience in the profession since their gradua- sion. Part of their experience was gained in the regular service of the army of the United States during the Spanish War, in the Philip- From the report, which is signed by Messrs.
ines, and in the Chinese campaigns, so they Hanna, Conant and Jenks, on the question of are familiar with camp life and accustomed to the stability of Icternational Exchange, pre- army discipline." Mr. Takabira expressed him (Only imported this Season from England and sented to the U.S. Secretary of State, we
self deeply impressed with the offer, and extract the following interesting paragraphs replied: "While undoubtedly my Gavera- relating to the matter of Chinese Currency.ment will highly appreciate the generous mo- The Commissioners state as the result of their lives which animate you, and the worthy ladies visit to Europe:-- ~
associated with you, in making this offer, I doubt whether the occasion will arise for its
THE CHINESE CURRENCY.
The problem introducing a new monetary system into China is materially different from
that which, under similar circumstances, could confront any of the prominent Europeau coun-
acceplanee. At the same time, I can assure -you that the friendship, and sympathy on the part of the American ladies who devote their efforts to the noble objects of your association
SALES ROOMS, No. 8, Des Veur Road, Corner of Ice Hours Street, TWO FIELD SPANIELS
About 3 years old -
shot over two seasons). TERMSAs usual.
HUGHES & HOUGH, Auctioneers Hongkong, 13th January, 1904.
[119
DOUGLAS STEAMSHIP COMPANY, LIMITED.
THE
FOR SWATOW.
"HAILOONG,"
therefore untrammelled by party ties which to the fact that the semi-official Nichi- | tries or any of the colonies of the Far East. will be widely and cordially recognised in Company's Steamship The Cologne Gazette publishes a statement constitule the base of Portuguese politics. In Nichi has now taken up a very bellicose it is extremely desirable that any plan adopted | Japan. I shall have pleasure in communicat- to show that the situation is less acute. This this connection the name of the Marquis de attitude. In a leading article entitled "How should have the hearty co-operation of the iming to my Government," In reference to this Captain Gibson, will be despatched for the Soveral has frequently been put forward, but it to Deal with Russia," the Tokyo journal porting and exporting merchants, both Chiness offer by American ladies the L. & C. Express above Port, on FRIDAY, the 15th instant, sources at St. Petersburg that during the last is not likely that the distinguished diplomat declares it is impossible that a 'solution and foreign, and of the native and foreign says the following communication has been few days the negotiations between Russia and will relinquish even temporarily his post in of the difficulty can be any longer delayed. banks. In order to secure the co-operation issued in London :-"The Japanese ladies in i
journal states that it learns from reliable
Japan have taken a turn for the better to such good purpose that a complete settlement is
→
expected shortly.
The hopes in Berlin are stronger that the energetic preparations of Japan have made an impression in St. Petersburg, as is shown by the conciliatory opinions expressed by the Russian official Press. The Novore Fremya declares that "the damuable Manchuria question will not divert Russia from her
• traditional policy in the Near East."
The German Press believes that a conflict between Japan and Russia will only be avoided by Russia climbing down.
London.
ARMY REFORM IN CHIŅA.
FRAMED ON JAPANAESE MODEL..
The new Council appointed to supervise the training of recruits means, as a matter of fact, the ado.tion of the office of General Staff of fapan. It is divided into three sections namely Military Administration, Military Strategy and Military Education. These three sections are divided into thirteen sub-sections. Each sec tion has its chief who is appointed from
at Daylight.
For Freight or Passage, apply to
DOUGLAS, LAPRAIK & Co, General Managers. Hongkong, 13th January, 1904.
"MOGUL" LINE OF STEAMERS.
NOTICE TO COVAGNEES.
London, meeting at the Imperial Japanese Legation, under the presidency of Viscountess Hayashi, have heard, with inexpressible joy and gratitude, of the generous action taken by Mrs. Anila Newcomb McGee and 600 Ameri- nurses with the Japanese army in the sad event can ladies, in volunteering their service as
by the present message, a tribute of sisterly of a war. They desire to offer to those ladies,
affection and thanks for such a deed of woman-ONSIGNEES of General Cargo are hereby
Japan, il declares, mast give Russia a reason- and confidence especially of these foreign able time for reply to her Note of the 21st Goverments and business men, it seems ultimo, and then take steps to protect her in- necessary that the Chinese Government terests without delay. An ultimatun would should, for the time being at least, put the then probably be served giving Russia a certain administration of the new system, when it number of days in which to reply, but the shall have been planned, into the hands of Tokyo journal goes on to urge that an elti-foreigners of sufficient ability and reputa- matum is not absolutely necessary because it tion, so that they will have the complete con- may be a good strategical move for Russia to fidence of these foreign Governments and in- delay a reply. As a matter of fact the reac cupation of Mukden is practically an act of appointees be not named hy foreign Govem-ly sympathy. They consider that by this vestors. It would. seem essential that foreign war on the part of Russia, and there is no need ments, but be simply men of such reputation example the East and West have embraced; for Japan to waitany longer. The Nichi-Night that their appointments would be acceptable to that the girdle of humanity has been'clasped, accuses Russia of utter lack of diplomatic the foreign Governments. They should be ap- faith, and urges that if an ultimatum is to be pointed by the Chinese Government, and
in goodwill and amity, round the whole globe.
Mr. Inouye (son of Count Inouye, and Yuan Shih-kai's staff. The whole of China dispatched, it should be sent immediately, as should in the full sense of the word be.officials / (Signed) Misao Hayashi; Tama Amold."
Japanese Minister at Berlin) maintains, the
best relations with the German Government.
Reuter's correspondent at Peking recently wired that Russia is being supported by Ger- many and France, but the statement is em- phatically denied in both Berlin and Paris,
(Der Ostasiatische Lloyd.) Eumours Contradicted.
is divided into ar military circuits, 18 for the provinces in China proper and the other 3 for the three Eastera provinces. Each province will have one circuit and the small provinces will have zo yin (each is five hundred) of which 6 yin will be cavalry, 4 yin province will have 24 yin and the large pro artillery and to yin infantry. Middle sized vinces 28 yin. The appointment, promotion,
Berlin, 8th January, removal, punishment etc. of military officers important London papers are expressing fear are now in the discreation of this new Council that there will be a naval battle in the Mediter-As to the military funds the way to raise them is ranean between the ironclads bought by Japan not decided upon and the military students, in England and the Russian squadron, which now in Japan, on their return to China will be is withheld in Eizerta for this purpose only. sent to each p ovince to attend to the training It appears that such rumours are absolutely of the provincial army.-China Gazelle. baseless from the simple fact that the ironclads will go manned with a British crew and flying the British flag, via Suez to East Asia. It is not very likely that the Russian squadron will open hostilities against these ships while no war has been declared. It is also incorrect that
THE KWANGSI RAILWAY.
The Universal Gazelle is informed that the French Minister at Peking lately demanded of the Wai Wu Pu the right to build the Kwangsi
Japan has already waited long enough for an
answer to her latest Nole.
There seems to be little doubt that the reso fute attitude of Japan has produced an effect in St. Petersburg, and even the German Fress seems to believe that Russia will be compelled negotiations have taken a turn for the better to climb down. The statement, however, that appears absurd in face of the fact that no, answer has been returned to Japan's Note,
and the Notification to the newspapers show while the activity of the preparations in Japan that the Japanese Government knows nothing of any such change.
At Port Artbur vessels entering and leaving the harbour are conducted by a pilot-beat, it is supposed to avoid any danger of running on the torpedoes which are presumed to be laid.
According to advices received by the Yoko- hama Specie Book on 4th inst Japanese War Loan Bonds in London declined by 15%. 6ld., and stood at £90 6s. told. The 4-per-cent-
of China working in her interests.
In the general plan for China it is suggested that the Chinese Government not merely ap- point foreigners as officials to fill some of the most important positions in the administration, but that the Government also open the accounts representatives of the Powers interested in the of the comptroller of the currency to accredited indemnity. Such a concession, unusual in its nature, should only be made provided the
inarmuch as confidence is one of the essential Chinese Government itself is willing; but
requisites to success, it would doubtless be wise, for a time at least, freely to publish in every possible way all of the details of the administra tion of the system, it being, of course, under stood that this in no way involves the making public of the fiscal management of the Govern. ment itself.
COMMERCIAL.
business done :-Indo-Chinas at Tla. 52 for Shanghai advices, dated 9th inst., report
Langkats at Tis. 305 cash, Tis. 3071 for Janu March. Farnham, Boyds at Tls. 1161 for April. ary, Tis. 3178/315 for March, and Tis: 3224 for April.
SILVER PRODUCTION.
We gave yesterday some details of the World's gold production in 1901, and although little interest attaches to the output of silver nowadays, the official figures, compiled by the Director of the United States Mint, of the production last year may be given as a matter of curiosity:-
100
1pot
Fine
Fine Cpinjos
Coining Dunces, jalne. Gunch. value.
CHARACTER OF THE NEW SYSTEM. tion of a monetary system consisting chiefly, Mexico... 6, 76,624 $77804.00 57.596,549 8:4515.0
The suggestions made contemplate the adop
Russia has demanded that the Suez Canal must be closed to the japanese men-of-war; railway line The demand was promptly refused londs bave declined by £5. 5s. od., standing if not entirely, of silver and copper coins, to be
should she have done so, the canal would also be closed to Russian ships. The further state- ment of the English papers, according to which
the Japanese officers doing service in Europe have been recalled by their Government, is, as Germany, where most of these officers are stay- ing is concerned, declared by the Japanese Minister in Berlin to be a pure invention. The reports about a British or a French mediation
/
are likewise incorrect.
THE FLOUR TRADE.
on the ground that the building of the line had already been undertaken by some Chinese merchants. Later on, the Minister referred the matter in Prince Ching, but the request was again denied. One day at about two o'clock the Wal-Wu-Pu was in receipt of a message from the E. Ho Park ordering that the Min- ister's request be at once granted, and stating that the Chinese merchants are not to be relied on. Then the whole malter was settled, and the Minister remarked to a certain high official, "I know the Court and your Government are quité willing to grant my request, why should you try to put obstacles in my way?"
at £7.
The
at
S.S. "MACDF," FROM GLASGOW AND LIVERPOOL.
their risk into the Godowns of the Hongkong Kowloon, whence and/or from the wharves and Kowloon Wharf and Godown Company, st
delivery may be obtained.
informed that all Goods are being landed
Optional Cargo will be forwarded unless -notice-to-the contrary-be-given-before-Noon,--
TO-DAY.
No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining s undelivered after the 20th instant will be
subject to rent.
sented to the Undersigned on or before the asth All Claims against the Steamer must be pre- instant, or they will not be recognised.
All broken, chafed, and damaged Goods are to be left in the Godowns, where they will be examined on the 19th instant, at 3 P.3.
No Fire Insurance has been effected. Bills of Lading will be countersigned by
DODWELL & Co., LIMITED, Agents. Hongkong, 13th January, 1904
Entertainment.
HONGKONG, VOLUNTEER Corps..
CONCERT followed by a Laughable
TICKLISH TIMES"
A Farce
will be given at the THEATRE ROYAL, City Hall,
on
SATURDAY, JANUARY 16th, 1904, Commencing at 9 PM.
PRICES:
United States 55,500,000 71,957,000 $3,914,000 71.357,800 Bolivia... 12,093,681 16,798,000 13,992.691 16,738,000 Australasia 8,26,37 10,377,300 19,734,048 13,226,300 Cermatty.... 5.727,641 7,390,000 5,521,648 4.303.774 5.564.500 5,743,697 4.204.$25 5,513,703 3.550,538 3.700,10 4,284,100 3,185,316 3.566,792
7,135, OJ
6,771,40
4,611,300
411,400
9.255.13 11,966,soo
Dress Circle Stalls...
4
**
Fur
**
***
Pit
+
Peru
Spain. Chili...
Grand tota! cluding ali
her coun
tries)....................... 166,955,639 8215,36;,800 173,011,183 #713,691,300
Reserved Seats may be booked at Rosin- SON PIANO CO., on and after JANUARY 113, 1904
Considering the low price of the metal it is C.M.G., H. E. Major-General V. HATTON, CL, Under the Patronage of H.E. Mr. MẤT,
and Rear-Admiral Robinson.
Hongkong, 6th January, 1994.
maintained at a parity with gold. The Jiji publishes a Vladivostok telegram there at 6 am. on 3rd inst and that all the gold coins would not be suitable, and gold Canada..... to the effect that the cruiser Gromover left economic condition of the country is such that other war-ships were making preparations for itself, would be used only in payments to foreign creditors. As has been intimated, in departure. Troops were constantly arriving there and much excitement prevailed among
the interior of the country most of the inhabi- the people. This latter statement can easily tants use of copper, their business transac be believed, for the people in Vladivostok have, tions involving often at times a sum amounting by the operations of the censor, been kept in to only x cash-that is to say, only a trifle more ignorance of the real situation. With regard than one two-thousandth part of the American to the movements of the Russian squadron, dollar. To the American Commission it has information has reached Tokyo that the seemed best to begin the new system in some principal force of the squadron remains at Fort of the treaty ports and seaboard provinces, but Arthur, though several warships are still at Vladivostok. The Russian vessels which were lying at Chemulpo have all proceeded to Port Arthur. The cruiser Gromovoi, which arrived left the Korean port, but her destination is at Gensan on 3rd inst from Vladivostok, has
unknown. There is only one Russian war-
rather surprising that the output has not been reduced by more than the 6,000,000 oz, shown above. Mexico and the United States, which
between them account for nearly three-founbs to begin on a gold basis. Owing to the large
of the world's production, have both increased number of coins that it would be necessary to their output, the former adding about two and provide before the system was complete, their a-half million or. to its figures for 1991. introduction into general circulation must in
system of government, it would be entirely oz. The most serious falling-off, however, is in any event be gradual. Owing, also to the Australasia, on the other hand, has declined 2,200,000 02., and Canada nearly one million possible to give the system legal effect in
It is reported from Portland (Or.) that as a result of the direct promises of Mr. E. H. Harriman that the service of the Portland and
ASTROLOGER'S PREDICTIONS. Asiatic Steamship Company would be in. creased to meet the demands of the port by providing ample facilities for flour shipments Cawnpore, Pundit Ramnarayan, has arrived in The famous astrologer, Yogashastri of from that city, the Portland Flouring Mills Bombay and has put up at Kalbadevi Road. Company will immediately commence work on His name must not be unknown to the public, ship at Chefoo. It is the Guigumak. There the different provinces or even in different the case of Chili, which produced 5,700,000 oz.
an extension of its already great plant in that city.
The Portland mill alone, when the extension is completed, will have a capacity sufficient to load a 5,000-ton steamship every cleven days, and Mr. Wilcox has bad positive assurance from Mr. Harriman that a service adequate to meet all requirements will be supplied at once.. The Portland and Asiatic Steamship Company, however, will not wait for the construction of the new mill to add steamers for the regular service, for it has already arranged for the mammoth steamship Algoq, which arrived here the other day, to return in January and help out the regular steamer. It is undecided yet whether or not the Algoa will be continued re- gularly upon the route, but if she is not, other steamers will take her place!
THE CHINA COMMERCIAL $. S. CO.
A San Francisco exchange of the 12th ult. says: Eng Hok Fang, president and general manager of the Ching Commercial Steamship Company, which is operating a line of steamers between Hongkong, Manzanillo and this port and is now contemplating connecting hereafter Portland, arrived from Mexico yesterday in. company with Lyman Mowry, attorney for the company. The president stated that his com- pany has found is Pacific Ocean enterprise a * paying one and is now figuring on increasing its steamer service between the Oriental and the Pacific Coast pors. As regards the pro position to establish (a regular service, to, Portland Eng Hok Fong confirmed the report given out several days ago by Local Manager Comfort to the effect that experimental visits of the company's vessels to the northern port had proved successful and that it is the in- ŋeation, to include the north hereafter in the traffic terriory of the company, Log Hok Fong and 'Altorney Mowry expect to remalo lu Sén Francisco for several wenka, (AT
present.
as he is the same pandit whose predictions reis no Russian war-ship in Korean waters at garding the late illness of his Majesty King Edward VII, the postponement of the Corena- tion, the conclusion of the Boer War, and others turned out to be true; and about whom the Pioneer in its publication of toth Novem- ber 1902, and the Westminster Review have spoken in high terms. His power of pro- gnostics he says, lies in what psychic power
The N.V.K. steamer Otaru-maru, of the Otaru-Kobe line, has been chartered by the Government as a transport and was withdraws from service on 5th inst upon her arrival at Yokohama. She immediately proceeded to one of the Naval Porfs. It is stated that the N.Y.K. steamers Robe-maru, Tairgumi-mary, he has acquired by the study of "yoga," and Tairen-maru, and Yamaguchi-maru, now in by the help of this "vidhya" he can con- Kobe, have been chartered by the Government centrate his mind to such an extent as to predict as transports. the future. He is ready to convince, anyone who may go to him by foretelling his future with a true statement of the past. Some of his predictions for the ensuing year are as fol- lows:-
The rate at which boats belonging to the Nippon Yusen Kaisha, Toyo Kisen Kaisha and Osaka Shosen Kaisha may be chartered by the Government has been agreed upon. The Government will pay charterage at the rate of Y4.50, Y4 and Y3.50 per ton, according to the age of the vessels.
1. Between 17th of February and August 2nd. 1904, a great war will break out in Europe between Great Britain and other Powers, in The Chugai Tru him states that the Chin- which the latter will gain their cause. It will ese Government have decided to assume strict originate with Russis, and HRH. the Duke neutrality when hostilities break out between of Connaught shall have to visit different parts Japan and Russia. It is also said that Viceroy of the Continent in its connection.
Yuan and General Ma have been ordered to 2--In June, H. M. King Edward VII, will recruit 153,000 men for the defence of Peking suffer from fever and disorder in the body, but had the neighbourhood, shall entirely recover afier jo days. This illaess will create much anxiety in the Royal Family. 3-England shall acquire two important native States of India, one towards the north and the other towards the Central Provinces between June 1st and November 17th
4-About the beginning of 1905, H. E. Lord Curion will be recalled, but circumstances will hinder him from going,
In June, H. E. the Governor of Bombay will suffer illness, but shall entirely recover Another illness awaits him in 1995 for a month and a half, but he shall again recover. He will recalled in 1905 and shallretire with greater powers in 1906,
A St. Petersburg despatch to Tokio states that a conference of the Committee for the Far East was held recently, and that two important resolutions were carried. One of these ex end ed Viceroy Alexieff's authority to negotiate with neighbouring countries. The Viceroy was given power to represent the Cxar on all mat ters and decide every thing at his own discre- Lion. The second resolution was to the effect that the Viceroy's 'beadquarters should hence. forth be at Vladivostock.
In Korea it is reported that the pro-war party controls the Russian Government now and the Japanese residents in Seoul appear to
be elated at the news. 6-Plague will be less for Bombay and more. The attitude of shippers of cargo to Japan
cifics separately, as if they were different the values given in the table are the nominal less than in 1901. It should be observed that states, and then, as rapidly as provisions could "coining values. To arrive approximately at be made to give if legal effect in other adjoin the sterling value, it will be sufficient to divide ing cities or provinces. Since there is no cur the output in ounces by ten, taking the price rency system throughout China, there are no coins the redemption of which will be obliga-basis the output last year, instead of being of the metal at an average of 25, 07. On this tory upon the Government, as is the case in
£41,000,000, would be less than £17,000,000.— the Straits Settlements and French Indo-China.
Ex. in this regard, at any rate, China would escape the difficulties which confronted the Govern ment of British India in 1893 in the necessity of raising to a fixed par $500,000,000 worth of silver rupees and would have a decided advan London-Bank T.T. tage over other countries with an established monetary system where a similar legal and moral obligation in regard to the existing cur- rency would have to be considered.
TO-DAY'S EXCHANGE.
Do. demand Do.
4 months' sight France-Bank T.T... America-Bank TIT.
Selling.
..1/10 .....1/10 3/16
.1/10 9/15
****...2.33
1.89)
.1371
.137
..711
914
Germany-Bank T.T India T.T. .....
Do.
demand
Shangbai-Bank T.T... Japan-Bank T.T. Singapore Bank T.T............... Nominal Java–Bank T.T.".
*Buying.
do.
„1/10 11/16 .....1/10 13/16.
30 days sight San Francisco & New York 458 a months" sight .: 30 days sight Sydney and Melbourne 4/19/15/16 4 months' sight Francs...................37 6 months' sight
2.381
The system should be placed on the gold basis at once because in that way the foreign nations and China herselfespecially will begin to get the benefits, at once. By such action-rade will be. encouraged, foreign investments will be more readi y secured the beneficial influence of foreign business methods will sooner be felt and the Govemment itself will secure much earlier the great benefits of an increase of re- 4 months' sight L/C. venue. Should the system be begun on the 6 months' sight L/C. silver basis with the intention of establishing s later on a parity with gold, the silver coins! there would be no appreciable benefit to in ternational trade until this parity should be established While the interior-trade of the country would to som extent be encouraged by a national Currency upon any uniform basis a change in political or economic conditions in China " might postpone for many years the benefits sought by the Chinese Government in establishing stable monetary relations between China and foreign countries. Moreover, the change in: the system from an established silver basis to gold - would inevitably lead to: speculation to a much greater degree than if
on the gold parity.
for the Northern Provinces than in the preced and of underwriters towards the risks of war is the new system were to be introduced at once ing year.". It will also rain untimely in different "curiously placid, notes the instance writer in quarters of India-B
{{Thë Tima. There is very little demand for
(20 je concluded.)
སྐྱ་
4 months' sight.Germany.............1931 Bar Silver......................@7_3/16. Bank of England rate..............................%
OPIUM QUOTATIONE. To-day's quotations are as follows —
Malwa New
Last Year Olde
Patna Now Rezares New Persian (Paper).
Per chest
950/1,000
0/6/1,100
2471
Intimation,
THE POPULAR
SCOTER
IS
BLACK & WHITE
fēnu
JAMES BUCHANAN 200.
BIM THE KING
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