Shipping Steamers.
THE HONGKONG TELEGI PH THURSDAY
NORDDEUTSCHER LLOYD, THE YOKOHAMA DOCK CO., LTD.
BREMEN
IMPERIAL GERMAN MAIL LINES.
кон
STEAMERS
·TO BAIL
SHANGHAI, NAGASAKI, HOGO) "ZIETE VLAciera
and YOKORAMA
3. Capt, F. Prosch..........
WIL-
MANILA, FRIEDRICH
HELMSHAFEN, SIMPSONHA- {'" MANILA ".
FEN, SAMARAI, BRISBANE, Capt. Minsten SYDNEY and MELBOURNE....
KUDAT and SANDAKAN,
FRIDAY,
9 A.M., 3rd Jan, 19·8.
SATURDAY,
to & M., 4th Jan, 1908,
•BORNEO
Middle of January, 1908.
Capt. F. Sembill .................
For further, Particulars, apply to
NORDDEUTSCHER LLOYD.
MELCHERS, & CO.,
GENERAL AGENTS, HONGKONG & CHINA.
Hongkong, 2nd January, 1968:
WEST RIVER BRITISH STEAMSHIP
T Stoamers
COMPANIES.
HONGKONG-WUCHOW LINE,
'" LINTAN" and "SAN-UI * ...
SAIL PROM. Hongkong TwICH A WREK and Complete the-Round Trip in 6 Days. bese steamers have Excellent Saloon Accommodation, and are Lighted Throughout by Electricity. THE CLIMATE ON THE WEST RIVER DURING THE WINTER MONTHS IS VERY FINE AND EXHILARATING.
For further information apply to—
Hungkong, zad November, 1907.
** BUTTERFIELD & SWIRE,
AGENTS, WEST RIVER BRITISH .S. COMPANIES.
No. 1 DOCK
Length inside 514 ft. Width of entrance, top 95 ft.; bottoni 75 Water on blocks, 27.5 ft. Time to pump out, à bours,
No. 2 DOCK.
Length inside, 875 ft. Width of entrance, top 60.6 ft. bottom 40,8 It, Water on blocks, 26.5 ft. /Vm0 to pump ont, 2 hours.
THESE DOCKS are conveniently snuddin Yokohama barbour and the attention of Captains aud Kogineers in respectinly called to the advantages offered for Docking and repairing Vessels and Machinery at every description,
The plast and tools are of recent patterns for dealing quickly and cheaply with work and a large stock of material is sways he hand, (plates and angles all being tested by Lloyds, surveyors)." (
Two powerful Twin Screw Towboats are available for taking Vessels in or out of Dock, sad for jaking Sailing Vesseln in or out of the bay. The floating derrick is capable of lifting 35 tons.
COLD RESERVESŇ
o one can say how much business is tras acted by the people of the United ingdom amongst themselves, but that it would take's very long line of figuri to represent it in very certain The Loadoo Bankers' Clearing flause Cleared cheques last year to the value of £2,711,0′′0,000, which is sufficiently impres
(CAPITA
Loans on Mortgazu ol:
Goods received on Storal ess "Advinces made on Merchandis
Loʻnt made in the Providentgsystemi
(Rates'and 1 Miculars in application). ARE OFFICE OF
CUTOR OF WILLS,
Undertaken and Execuied",
SHEWAN, TOMES & Co, NORAMA General Managering Hongkong, and December 11907/09 (9
If the fure ¿13,711,non,ono is wonderful, TRUSTER still main wonderful is the transaction of such An enormous amount of business by means of ́small slips of paper with names written in their south-east corners. A cheque, of course, is not alegal means of payment. If the reader offers man chege for too I can refuse it. (Tiy mall For gold, or its equivalent, Bank of England notes (which sie hacked and gain- Leed by a deficite deposit of gold) is the only | 1 & 8′′D'AGUILAR STREET legal tender. Yel payment in gold is unknown in practice save in connection with weekly
0. C. MOOSA,
wages and retail trading. 11.is probable that FURSI FURSI FURSI
the entire stock of the yellow metal in the ailed Kingdom does not amount to more then, say, 100,000,000 or £110,000,000,
And of this £100,000,000 to £110,000,000, only about one-half, of say, £50,000,000 10
Steam Launcher of deel or Wood Lighter, Steel Buildings and Rools, Bridge 60 oogoon is in the pockets or sales or tills Work, and all kinds of Machinery are madees the premises,
of the public, while the other £50,000,000 or Tenders will be made. up when requiret and the workmanship and maleris will be £60,000,000 is all that the banks pisiess. Again, of this smail-bank-store of gold the. goarnated.
Bank of England holds the greater part-at
The cost of Docking, and repair work, will be found to compare favourably with that the present time about £30,000,000. of any port is the world.
Telephone: Nos.:878, 108, or 681,
Telegrams, "Dook, Yokohama,” Gules A. B. G. 4th 5th Edt.
Liebers, Bontta, Yokohama, May 23rd, 1905)
41, and Watk
£39
THE PRICE OF MONLYS.,
It is because the Bank of England holds practically the only store of gold in the country' that it has at ginat an influence in the money market. The. Bank of England is at once. Government banker holder of the national ifock of bullion, and keeper of the reserves, of other banks. Although a joint stock company. earning dividends for private shareholders, it
VARIOUS SHAPES AND COLOURS
DRESS FABRIC.
NEWEST PAFTIRN)
SERGES.
TWEEDS,
VOILES
LADIES' & CHILDREN'S. UNDERULOTHING, HOSIERY,
GLOVES.
IMPERIAL BREWING COMPANY, really fulfils national functions, and its actins NOVELTIES IN SEQUIN AND LACK
LIMITED
PURE CREAM BEER.
For samples and prices please apply.to
are directed, or at least should be directed, by purely nationalsconsi farations.
Gold money, the ultimate sale legal instru ment of exchange, is itself a commodity. com- manding price which varies with each variation of demand and supply. When, there fare, the Bank has a good reserve of gold the
price of money as a commodity in low. When, on the other hand, the Bank'bar a depicted reserve, the price of money risas.
The price of money--the rate at which bills of richange can be di.counted, or the rate of interest which must be paid for a loan-is
WINE GROWERS SUPPLY CO. settled in the London Money market by the
BARRETTO & CO.,
Opieral Agents.
Hongkong, 22nd. October, "rony,
[17
EYES
REGULAR HONGKONG-CANTON LINE OF
· STEAMERS
OF THE
COMPAGNIE FRANCAISE DES INDES ÉT DE L'EXTREME ORIENT.
S.S. "PAUL BEAU,” 1,900 1009, 14 knots,
5.S. "CHARLES HARDOUIN, 1,900 tons, 14 küots,
The speediest, most luxuriously appointed and punctual steamers on the lion. Departure from Hongkong at 9.30 1.14. (Saturdays excepted). Departure from Canton at 5.15 F.M. (Sundays excepted).
These superb steamers carrying the French Maid are fitted throughout with Electric Light'
and Patis sad were specially built for this trade. Excellent cuisine.
The Company's Wharf is at the end of Wing Lak Street {fram Station), Canton Agents-Messrs. E. Pasquet & Co.
For further particulars, please apply to-
Hongkong, 5th April, 1997.
BARRETTO & CO.,
Agents
["
VA-CHINA-JAPAN LIJN.
REOBLAR THREE-WEEKLY SERVICE
DETWEEN
JAYA, CHINA, AND JAPAN.
Will leave for
On or about
WILL
RIGHTI
N. LAZARUS, OPHTHALMIC OPTICIAN, 8, PEDDEL STREET, HONGKONG,
FILL test your eyes free of charge, and if they are wrong will put them right. Leases Ground, - All kinds of Repairs, Spectacles for all requirements.
-Ask, or write, for Illustrated Booklet on "Defectiva Sight free
CALCUTTA, LONDON,
11, John Street, Bedford Row, W.C
Hodgkang, 18h Novainbar, root,
19. Bentinck Streep
Hotels.
SHANGHAI,
· 466, Naoking Road,
[44
CONNAUGHT HOTEL,
HONGKONG.
Á FIRST-CLASS EUROPEAN HOTEL,
SITUATED IN THE MAIN STREET Near the Banks and Principal OFFICES. SIR CTLY EUROPEAN MANAGEMENT.
Winch and Spirits of the very Best Quality.
Bath to Every Room,
Steamet
From
Expected on or about
TJIPANAS
TJIMAHI.......... TJÍBODAS
JAVA JAPAN
JAVA
Second half
Dec.
First hall Jan. First hall
Jeo,
TJIKINI
JAPAN
First half
J20.
TJILATJAP...
JAPAN
Second half
Jan.
*THILIWONG
JAVA
First half
JAVA PORTS
JAVA PORTS JAPAN
JAYA PORTS
JAVA PORTS
JAPAN
First half
Jan.
First half
Jan.
]
First hall
Jan. Second-ball
Feb.
Second half Jan. First kalf Feb,
The Steamers are all fitted throughout with Electric Light and have Accommodation for
a limited number of Saloon Passeognes, and will take Cargo to all Netherland India Ports
on through Bill of Lading.
adi
For Particulars of Freight and Passage, apply lo
Telephone No.375
JAVA-CHINA-IAPAN LIJN.
YORK BUILDINas, rst floor,
Hongkong, 21st December, 1907,
TSIN TING.
Dentistry.
LATEST METHODS OF DENTISTRY.
STUDIO AT NO. 14 D'AQUILAR STREET.
REASOKÁBLE FEEL
Consulta lan
Dr. M. H. CHAUN,
"THE LATEST. METHOD
of the
AMERICAN SYSTEM OF DENTISTRY
Hot and Cold Waler Throughout,
Hotel Lausch Meels all Steamers.
Special Terms for Tourists and Parties or Famílies,
THE MANAGER & AGENT.
FOR TERMS APPLY TO--
KOWLOON HOTEL,
HONGKONG.
NEEDS NO ADVERTISING.
World-Wida Repotation.
The only First-clars Hotel in Kowloon,
Most Charming and Popular Resort in the,
* Colony, C
Electric Light, Fans and Call Bella
·Fath Rooms anached to Each Room, Telegraphie Aldean P-
CHEPA DONGKONG"/
Algalophone Nuă Wa
Unrivalled for Comfort and Coisins. Thoroughly Up to Date with Every Modern
Luxury
Billiards and. Bowling Alleys, Moderatë Terms and No Extrae Modern Management,
OWEN,
HOTEL CRAIGIEBURN,
PLUNKI
Bank of England. It is the Bank Rate" the lowest rate at which the Bank of England. will discount firatclass three months' bills of exchange) which sules the market.
DEFENDING ITS-STOR",
Thus, at ibe present time with the Bank
ROBES
Samples on_application, Coast port orders carefully executed.
Hongkong, and December, 1907.
F. BLACKHEAD & CO., SHIP CHANDLERS, SAILMAKERS, COAL AND PROVISION MER- CHANTS, NAVAL CONTRACTORS AND GENERAL COMMISSON".
AGENTS
GROUND FLOOR GEORGE'S BUILDING, KATHONGKONGÜLA
SOAP AND SODA MANUFACTURERS.
SOLB AGENTS FOR SA HTMANN'S RÄHTJEN'S GENUINE-
Raie at 7 per cent, a three months "beat bill H COMPOSITION REU AND
VEDAIMLER'S PATENT, MOTÜR'
LAUNCHES,
or" Bank bill” (ie., a first-class bill of absoRAND, HARTMANNS GREY PAINT, lutely unquestionablo sicurily) canoot "be" dis- counted under about 7 per cent, while a good "trade bill" would 'not. bo'disaunted under about 74 per cent,
If the American tension wars relieved, and the Bank Kate feli tó 5 per cent, duwn would. come the discount, deposita loan rates with
iti
Why does the Bank of England set such a high price.upold at Such a time as this? The asswech that the exising of the Baar Kate is a measure taken to defend the small national stock of gold; It acts in a simple way. When money is dear lo London it is obviously profitable to employ it in London. Gold Is drawn to London by the high rate of interest obtainable. That is why, as soon as the Bank's reserve of gold is depleted, up goes the Bank Rate. The rise, acts as a replenisher of the
store.
- Those whose business it is tõdeal in money anxiously watch every Thursday for the public, ation of the return which the Back of England is compelled by law to publish weekly. This
c.,
Bale: Aguas for
FERGUSON'S SPECIAL CREAM
P. & O. SPECIAL LIQUER SOUTCH
* WHISKY, &c
EVERY KIND OF
SHIP'S STORES AND REQUISITES. ALWAYS IN STOCK
REASONABLE PRICES. Hongkong, 7th March, 100%.
Sole Agents for HUMBER CYCLES.
roture slibes what reserve of gold the flank TYPEWRITERS
possesses. If it is seen that gold has been
drained away, the market is at onco apprehen
sive of dearer money. If gold is found in have
come in the position grows easier.
READY CASH
FOR
HIRE, REPAIR & SALE..
**PRICE.
REMINGTON,
HAMMOND
BARLOCK
Technically, the "Reserve" of the Bank of TO CLEAR AT VERY MODERATE England is not the geld kept to back notes in the Note Isus Department, but the stock of cath kept by the Banking Department against the claims of depositors with the Bank, The deposits are paysble on demand, and the stter gth of the Bank of England at any moment is determined by the ratio of the deposits to the cash kept to inbet them. The deposit, be it remembered, include the de- NEW CENTURY & SUN TYPEWRITERS, posits of the great private and folet, stock banks, themselves liable at any mamtal to be called upon for Bundreds of millions in hard cash
** MOTOR LAUNCHES
What does his precious" Resorys " amount- to?
On Thursday inst, 21" ♬ ov; it amounted to but £19,915 401
There is no law to compel a private or joint stock bank to keep kny specific proportion of
and BOATS
FOR HIRE AT
IER
New Bicycles
its deposits in cash, and, obviously, it is to the DAY AND NIGHT PER bank's profi not to keep any but a tiny propor- ilon id ready, money. Ready money is to the banker idle money, Consequently hundreds. of millions of debositu, Ara as to more ziban nine-tenths locked up in various securities); Jetc) The mortgages; bills of exchange, backer isosta that more than the usual small. dem ad for ready cash will nev Asquith, questioned by me in the
·Commons, admits
the gravity of
NEW:
for Hire