Entimation.
Powell's
Alexandra
ARE
Buildings.
PRODUCERS
OF
THE MOST
UP-TO-DATE
TIME AND
LABOUR-SAVING
DEVICES
IN
MODERN
OFFICE
FITTING
FILING
CABINETS
With nests of
drawers
SUITABLE FOR
Every Doscription
of
NUMERICAL
and
ALPHABETICAL
FILING
DESKS,
CHAIRS,
TABLES,
BOOKCASES,
THE HONGKONG TELEGRAPH MONDAY JULY 18 Toro
HEFORMING CHINA'S MONETARY soldier's pay, and be regarded as Ingai lander
SISTEM.
||la^all : commercial transactions. It will be ||redeemabla at all places wherever the Ta Ching. In the summary of memorialé published in a Bank is situated: The metropolitan and pra late issue, mention was made of three prosent-vincisi authorities will see to it that parsons ed by the Tachi Po, which all have very im who attempt to mutilate or counterfeit this portant beating on Chian's monetary system, paper money be promptly arrested and severe and which testify to the very thorough and
ly punished. souod a tér the Ministry of Finance bas prepired its pregrimme for the re-organization of the national system,
The first memoriat is one coverlog a series of eighteen 'rulen dealing with the control and management of the Mints. It will be remembered that on the 15th of the fourth moon of the present year, the Tuchi Pu recommended to the Throne la a memorial that in view of the importance of the work of the Mints in affecting national finance, all the Provincial Mints, no matter whether they manufactured silver or copper coins, should be placed under the absolute control of the Central Mint. A number of Mints, it was sug gested, should be closed up. Both recom mendations were approved by the Throse.
❘
|
SOVEREIGNTY OF SEAS,
SHADOWS OVER THE PACIFIC OCEAN......... Mr. Gerard Fiaabes is contributing a series, of articles to the Daily Grape under the title of The Sovereignty of the ear. The twelfth article deals with the position in the Far East and more particularly in regard to the Unlied States and Japan. We make the following ex:
Regarding the sans of paper money by official and commercial banks, which will in terfere with the circulation of the national paper The Japanese alliance expires in's915; it currency, the rule has been adopted and has cannot be renewed. If renewal was possibls received Emperial sanction that the recall before, it became impossible when the Ame- do% of their notes in circulation every year, 30 kičan Flent visited Australia in 1955, and that, at the sad of fire year, all will have been suggested to the people of the Common. recalled. Regarding the more important gov-wealth that Godlin is the friend, not Short. erement banks, the Ministry will commualcate If no conflict arise between now and then to with the high authorities in charge of them, ross | make the name of the Pacific Ocean an irony, to arrive at some way of their redeeming their the British Navy, reinforced by, let us hope, a pates now in circulation in the Empire." The goodly sumber of Fisst units, contributed not paper money that has been issued by the Ta öily by Australia' and⋅ New Zealand, but also Ching Bank will also be recalled, as evidence by Canada, South Africe, and India, will once of uniform treatment of all backing institutions more earn for itself, the blessing bestowed on in this matter.
the peacemakers. The Pacific Flool will live | up to its name. It will be expensive; but it'
will have to be a real instrament of way, capable of meeting any enemy which can asiall the pushlon of the Empire in that ocean, not a more skeleton enemy, a shadow of things to come.
Public Companies,
THE WEST POINT BUILDING"
'COMPANY, LIMITED.
A per share for the six months anding soth N'INTERIM DIVIDEND of Dollars 1,80 June, 1010, will be payable on FRIDAY, 29th july an which date Dividend Warrants may be obtained on application at the Co Office.
The TRANSFER BOOKS of the Company. will be CLOSED from WEDNESDAY, 20th, FRIDAY, 29th July (both days inclusive), which period no transfer of Shares can By Order of the Board of Directors, be registered.
A. SHELTON HOOPER, Secretary, the Hongkong Land Invest, ment and Agency Co., Ltd, General Agents for The Wort Point
Building Co., Ld.
· Hongkong, ráth July, 1910.
E4B3
THE HONGKONG LAND INVESTMENT -AND AGENCY COMPANY, LIMITED
The present mémorial {s, therefore, a sequel | the issueof China's now paper currency. Theist will be wall worth while. But the Pacific Fleet A Share for the six months ending 30th
to the osa mealioned above.
The 1st Rule declares that the Tuchi Pu is to bare absolute control of all the Miots. The Ce tral Mint is to be situated in Ticatsio, and Sab Mints are to be established in Wechang, Chengtu, Yuoniofu, Canton add Mukden (tem Parary). All the Sub-Mints will be controlled by the Central Mint. The principal officers al the Central Mint will be appointed by the Thiand upon, recommendation of the Tuchi Pa, while those of the Sub-Midts will be appolated by the Tachi Pu. As much as is possible of the machinery, etc., of the Pravin cial Mints will be made use of by the new ones, Bullion for the new coinage will be provided to the Mints from the Treary of the Tochi Pu and from that of the provinces end custom houses, Equivalent value in full in the new pational currency will be given ju exchange
for the silver bullion, sed old silver coins, thus banded over to the Mints, provided the Go
ness is above .98;.*
Local authorities will be made responsible for the sale conveyance of the new coins on their way to the provinces, and railways and sieamships ander the control of the Yechuan Pu will be ordered to transport these coins at ong half the usual (raight rates.
.י
|
.
There are altogether 19 Rules dealing with Rula stipulates that this carrency will be knows is the a Ching Bank Notes, and will be re- deamble at their face value at the Bank and its branch offices in the new national currency, The soles will be in four deaminations, viz., $1, 5, 510, and 510s. Tos number to be issued of each deasminatios and the addition of new decomisations will be submitted to the approval of the Tuch! Pu. A ressive fund in cash of fifty per cent of the total value of the notes issued will be kept on hand for the pur poss of redeeming them. Convertible securities will be deposited, to secure the redemption of the remaining fifty par cent of the issund notes. The "cash" mentioned abore shall consist of the 'new national curcancy. Gold and silver bullion, gold and silver coins now in circulation may substitute it, but the touì value of such bullion and gold and silver colox must not
WILL PEACE LAST.
"
A large assumption has beto made abore, however-namely, that the peace of the Pacific will be preserved till 115, and the status que maintained. There are grave indication that this may not be the case. I cannot advance arguments to prove it by chapter and verse, but there are a hunderd indications which show that a collision between Japan and lus. U’alted Sistes & approaching. The Americans live in a Fool's Paradise in this matter. They ap pear to think that the Japanese are, and must eternally bt, grateful to Commodore Perry for having opened their oyalas, willy billy. The Japanese are caly grateful in so far. exceed in value one half of this reserve" cash," as contact with the, Weit has armed their hands Until China has alarger supply of nationalb ads against Western greed and aggression. Their and securities in general, the remaining fifty main desire is to use the power thus acquired per cent, of the reserve fund shall consist of to cry "Hands off to the White Mao. The securities and of the capital and résàive luad insistence by the Americans on their right to of the Bank. Besides this reserve fund to trade on equal terms with the Japanese in prepare for the redemption of the notes, two Manchuria and Korea; the treatment of the aud's ball per cent. to cash of the current' de-subjects of the latter Power on the Pacific slope posis (not over 2 months) will be set aside for ather of those causes of disagreement will the same purpose. So much for protecting provide Japan with a casus belli at the desired holders of the poten
moment, and one which will, in all probability, put her in the zig it in the eyes of the world, The Japandia kaow how to apply the art o
4
IN THE EVENT OF CONFLICT.
The amount of subsidiary coins to be misted, will ha decided by the Ta Chiog Bank, in ac cordance with the requirements of the money The notes are to be accepted at their face market, but for the present, the Miots are to value, no discount or premid of aby amoun manufacturé 8% principal and 30% subsidiary to be allowed. The Ta Ching Bank wijs to international politics. coins. The number of coius minted must babe permitted, when accantous demand, to reported to the Tuchi l'o every ten dayą, while' | make amergency issues, is audition to be Their fineness and touch must be in accordance issues outlined above. For this privilege, with the aules approved by the Thread. From will pay the Government annually six por time to time, the coins will be picked out by cent, of the total value of the poles issued. random and subjected to chemical tests, the As soon as an infiited condition of money is in erior oues b.ing returned to the Mints. The observed, the Bank will begin rednemleg tack same tests will also be made independently by emergency, notes, Holders of the new paper currency may demand its value in coins at apy of the Ta Chiog Bank offices during office bours. The lauk must, however, be allowed ime in order to transport is reserve fund to branch offices, in caso it is at the letter places that a large sum is 20.05 is suddenly present ed. The headquarters of the Back will be in Peking, and the principal branches. will be in Tenisio, Shangbai,,askow,' Canton and Mukdea. Until China bas
the Luchi l's.
:
Reports of the receipts and expenditures must be made to the Tuchi Fu every thre mouths by the Central Mist, while the sub- Mints must report mombly to the Central
Mint. All account books must be bal oced daily so as to be ready, for inspection any time, Employment of foreigners by the Sub-Miate must first be reported to and up proved by the Ceutral Mist. The same rule applies to all other employees, Fially, by
Rule 17, the Viceroys and Goverüors will be requested to afford protection to the Minis and assistance in the suppressive of attempts at countericiting.
in any war in which Japan ongages it will be with an eye to a third party-namely, to China. Japan sacks the undisputed begemony. of the Far East. That she is right in her esti- mate of the chances of conflict I think admits of no doubt. The United States are doomed to suffer for their temerity ia trusting an inox. pert finger into the workings of an giren life, as Kipling puts it in another connection. Their main feet is in the Atlantic; but the powerful intercals of the East will not let them transfer their naval strength to the Pacific, where it is most likely to be wasted. Whatever strategy the American Fiest adopt, a crashing defeat a inevitable, unless the Japinero, by soma ua. likely blunder, deliver themselves lato the cnomy's hands
|
N INTERIM DIVIDEND of $150 per June, rgia, will be payable on FRIDAY, 29th faty, on which date Dividend Warrants may be obtained on application at the Company's Office.
The TRANSFER BOOKS of the Company will be CLOSED from WEDNESDAY, 20th, during which period no transfer of Shares can to FRIDAY, 19th July, (both days inclusive), be registered.
By Order of the Board of Directors,
ASHELTON HOOPER,
Secretary.. Hongkong, 13th July, 1910.
AN
VRATHER-FORBOAST
STORM-WARNINGS ISSUED FROM THE HONGKONG.
OBSERVATORY.
METEOROLOGICAL SIGNALS.
Meteorological signals are hoisted on the mast in front of the Water Police Stations a Talm Sha Tsui for the information of mastars of vessels fearing the port. They] do not necessarily imply that bad weather la aspect
hero-
4.
·AUDER polnt upwards
A COTE point upwards And DRUM balow
A DRUM
A CONR polat down. wards and th DEUX balow
(454
54
A COTE point down. wards
HONGKONG, CANTON AND MACAO STEAMBOAT COMPANY, LIMITED,
· NOTICE TO SHAREHOLDERS.
of
THE FIGHTERLY, MEETING
EIGHTY-EIGHTH ORDINARY SAAREHOLDERS in the Company will be held at the Office of the Company, notel az a'clock Necs, for the purpose of receiving a Mansions, on 'UESDAY, the gia Auɣost, at
Report of the Directors, together with a State- ment of Accounts, declaring a Dividind, coh- firming the appointment of Directors; and electing Directors and Auditor
The TRANSFER BOOKS of the Company will be CLOSED from the zoch July to 9th Augom, both days inclusivo,
By Order of the Board of Directors, JOHN ARNOLD,
Hongkong, tzth Joly, solo.
Acting Secretary,
Notices of Firms.
6.
A CONN polat down. wards and BALL below"
7. A BALL
A COME palut:upwards
and BALL
below
indicaissa Typhoon to the Worth of gthe Golony.
indicates Typhoon
a to. the Worth-East:
of the Colony,
indicates a Typhoon" to the Eartofjjthe Colony,
Indicates a Typhoda to the South-East of the Colony
Indicatesa Typhoon to the Banth of the Colony.
Indicates a Typhoon
to the South Wes of the Colony.
Indicates a Typhoon to the West of the Colony,
* Indicatada, Typhoon
to the North-Wes; of the Colony.
Red Signale Indicate that the contes¡ia LONGKONG AND SHANGHAI BANK ballavad to be morethan 100 miles away from
ING CORPORATION.
DURING Mr. J. R. M. SMITH's absence on leave air. N, J. STABB has boun appointed AUTING CHIEF MANAGER.
G. BALLOCH, "Chairman of the Court of Directors, Hongkong, 16th jóly, agro.
[ego
NAVIGAZIONE GÉNERALE ITALIANA.
Wcessed to exist on the fat inst, and that
JB bag to notify that the above Company |
this fine has now been taken over by the ibe service hitherto kept up by the maxmers of
SOCIETA ANONIMA NAZIONALE PEI SERVIZI-MARITTIMA. The service of the Steamers on the India ne itinerary will undergo no modification.
CARLOWITZ & Co.:
Agents. Hongkong,'15th july; zero,
tull supply of the new national currency by the United States, and that is where the But the effects thereof will not be felt solely or at places where the new carrelcy has not situation is serioas for us. Could we allow. arrived, the paper notes will be redeemed in the Navy the use of our parts, we might so- the silver coins and silver teels now in use involutionise the situation. With Coaling faciliChica sus will be continued as heretofore and The second mentorial deals with the chicola follows: que god a half guze of the new cut and at Hongkong or Labuan, the American that regios. The rate of exchange will be uses at Cape Town; al Colombo, at Singapore, tion and redemption of China's now paparrency will be regarded as equivalent to one currency, and unclecu rules have been drawn Kuping tael, which will then be reckoned Fleet might take the mato vis the Indian up for guidance. The memorial begins in accordance with local sales. Holders of Ocean, and arrive in a condition to fight. But with a les ned discussion of the principles silver colos and silver taela may have the sies being extended to it, even if we cannot be our alliance with Japan forbids xuy such ameni. which forth the basis of a sound system, of wame exchanged into the new paper currency, held by the terms of our treaty obliged actively, paper currency, Autention is drawn to the
in accordance with the manner described in to help Japan. What the effect will be on inimakes of, the Tang, Sung, Yuno and Ming the Currency Laws, dypanties in this matter, resulting in many
forecast. When the White Man, and, mora. the Australasiao States it in not difficult to evils to the country.
especially the Anglo Saxon (so-called), is fight
The Ta hing Bank is also required to send The nineteen Rules are based on four im to chcutioned the reserve fund in hand tong the Yellow, Dor all the treaties in the full reports as the amount of its paper currency portam privciples, the gist of which is s
tun Tuchi Pu every day. Every Saturday this would will prevent the sympathies of the pllows:t. While the Imperial Government
information mureba pabbabed in the official Australasian going out to the White Man, It Aloba tujoya (as right issuing paper currency, gazettes. The auditors of the Back will have is quite conceivable that the Commonwealth, the fauctions atc eultusted to use central full access to the account books dealing with disregarding the cogegemeats of the Mother bank, the in Ching Guveinment Bank in
the circulation if notes and the isserve fund, Gopatry, may open its parts to the Americans. the present tustauce. No other organization, and wilt report on the Yame to the Tachi Pu. That would mean the dissolution of the Empire. úfficial or commercial, all be permitted to
There are asumber of Rules dealing with put into circulation paper currency. 2nd. mutilated notes and their redemption, and with the exception of rance and the United provisions are made for the severe punishment Siales of Anutics, the other leading nations of of counterfeiters, the world seem to bava no express 'law limiung
period.
4
Intimations
(489
THE BRITISH FOREIGN. IMPORT & EXPORT COMPANY, Central Build-
best terms. receive Consignments of Local Produce on ings, Liverpool, England, 'is' prepared to
[485
CHEONG HING.
HAS ALWAYS ON HAND
A LARGE. AISOITMENT OF
2. WHAT WE MUST DO, If we zise now to the height of a great conception-and I mean by we all the nations which owe allegiance to King George-thesa dangers will never arisa. An Imperial Navy, dominating the Pacific as the Royal Navy does CURIOS, 'PORCELAIN, JADESTONE
The wave of majonal paper mosty, for it 16%nterc) arising from the issue of the noter A graduated scale of taxation on profita (less
the SAR of Europe, will pinsaira the feared that the demand depreda on and-vanessatso provided, beglazing with seven per cent among the Britons of the averses States, it will By stilling unrest and by promoting confidence with circumstances. China will adopt the same in the first period, twosty per cent, the second perant at once of a consistently Grm yat friend- policy, to Neuerat, the amount of paper period and thinly per cent, during the thirdly policy being adopted towards our present money to be issued will be in accordance with
ally-and Japan asks for nothing better-and the reserve, inaintatoed lui prompti
itedemptiod.
the British Empire is able to guard is own will also demonstrate to the United States that When there is a stringency in the money matt
head, and that, while wo welcome their friend- | kot, the Lank wifi'at is viscretion and with the
ship, and look for a lasting bond of amity between the English speaking peoples, we desire nothing further of them least of all the support of their son power.
The third memorial deals with the question of issuing of notes by commercial bodies other than the Te Ching Baok. It has already book approval of the Tuchi ru make emergency mentioned that banks with holes siready cir- Sucat 3rd. "The successful circalation of paper culating outside are obliged to withdraw them currency depends entirely on the confidence of in the next five years. In the meantime no the public. Excessivo issues without adequate others will be permitted to `isaua any notes: preparations for their redemption would plunge whetheribey baofficial or commercial organiz the national finances into retrievable contións. Infringement of this rule will be de- jusico, were a panic to arise to the moser nounced to the Throne for severe punishment,
Peking Daily News,
CUPBOARDS, &C. market. It is imperative that Chips, venturing
PARTICULARS ON APPLICAT.ON.
WM. POWELL,
LTD.
HONGKONG.
Hongkong, upth June, reto,
for the first time into the sealms of a nationa paper currency, should maintain her credit. Besides the silvar rastive, only Convertible bonds will be accepted an security for the issues, is that prompt sedemption of the paper money- is assured, 4.4. Since the Bank sojoys the right of issuing paper money, it should pay the Government a certain amount of tax, a rola (which is found in evary country, 'In view of the porosty of the master'in "China and the high rates of interest, it is proposed to postpone deciding the rate of taxation till the second year of the insoe, when the profits of the Bank will then be oridast. Tai rule of taxation will be increased at three diffarent periodi mo na to lighten the burden of the Bank/"
đổ The memorial concludes by paying that whan the new påpër currency is distributed among the provinces, it must be accepted in the payoji most of all taxes, duties, official salarios-and
THE
HINA PROVIDENT
„MORTGAGE CO., LD.
(CAFIYAL PAID UP
NOTICE TO SUBSCRIBERS,
FROM and after 1st January, 2009, the rates of Subscription to the Hongkong Taligraph (dally and weakly issues) will be an followi
DAILY-$30 per annum." WEEKLY--513 per annum, LOAN AND The nitas par quarter and per mensem, pro- portional Subscriptions for any period less then one month will be charged as for a full monhon.
Loans on Mortgage of House Property, &c. Goods received on Storage, M Advances mada on Merchandise. ...' Louna made on the Provident System.
(Rates and Particulars on application).
TAK OFFICE OF
TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, &c,,. Undertakan and Rescutad/ 557
SHEWAN, TOMES &'00, "General ManarREE
Thi dally lasta is delivered free when the address is accessible' 'to' messenger. Fank becribers can have their coples deliremd `at their residences without any extra charge
AND
SILK EMBROIDERIES.
Inspection Solicited.
BUSINESS COMMENCES, WEDNESDAY, 13th July,
No. 77, Queen's Boad Central.
Hongkong, 11th July, 1910
AN'APFÍAL”
the Colony.
Black Signal Indicate that the controle bellored to be less than 300 miles away from the Colony,
The shove siguals will, an keretofore, he holsted only ́when typhoons, azist in such positions or are moving in soch directions that:
Information regarding them is considered to be of Importance to the Colony or
or to shipping" leaving the harbour,
These signals are repested at the' Harbour Ofice, HMS. Tamar, Green Island::Signal:: Mast, and the Flagstal on the premises of the' “Hongkong and Kowloon Wharf and”Godows"
Company at Kowloon,
-? URGENT SIGNAL
In addition to the above, when it is expected.. that the wind may increase to fall typhopa force at any moment, the following. Unyanı Signat will be made at the Water Polica Station,' and 'repeated at the Harbour Omon
THREE EXPLOSIVE BOMBS, ÁT INTERVÄLE” OFTEN SECONDS.:
time, superior to the other shapes.
A Black Cross will be holsted at the sama:
་
NIGHT SIGNALS.
The following Night Bignals will be exhibli- od from the Flagstaff on the roof of this Witár Police Station at Kowloon, the Harbour Ors Flagstalk, and H.M'S. Tomar.
1. Three Lights Vertical, Green Green Grost, Indicates that a typhoon is believed to be situated more than goo miles from the Colony,
11. Thros Lights Vés cial, Groei Råd Grien Indicates that a typhoon is boilered (to že situated Inss than 300 miles from the Golony.
- JIL, Thies Lights a tical, Red Gris Indicates that 'thi'wind' may bi' ìxp Incrbase to fall typhoon force at any'
No. 111. Birnal will be Explosive Bomba, na aber Information conveyed
published by night,
These Night Signals will be substituted the Day Signals, as apaset, and willy nécessary, be altered during the night.
IPPLEMENTARY.
[477
|
Ocean Vasais, a: ConsïWİNİ
"THE SUPERIORESS of the'ITALIAN:
UDNVENT, GAME ROAD, begs most aspectfully to AFPHAL to the Rusidants'o)" Hongkong and the Coast Ports, for thefs, kima patronage and swyport, and desires to Raid
On coples want by post an "additional" $1.80"||that she will be pleaded' to receive orders for
per quarter is charged for postage,brane The postage on the weekly issue to any part
of the world is 30 cents per quarter, Single Copies, Bally, ten conts, Weekly,
tsaty-dro canla (for cash only),
(PAYAREM IN ADVANCE.) There will ho, no rebate to Missionary subscribers' as" Baratofore,jend
By Order
THE MANAGER" Hongkos skelegraph Go" Ld:
Pal keinds of DERRDEM WORKS
Gentlemen'v Shirts' made to order, and (nös, and Collars 'ksonwed on old ones, t
Endins andă Childein's Undär. dren's Dramas, and"All kinds of Handcoldway, Materials can be supplied, if requzkat
* The Buparlamedu will also be
'o kay PAPER, ar old ENVELOPES 10
fate Books for the Ehildren of the Foor You werʻlancha by the Klitary,
Back; of the following stations that any of the above Day Biganla
Rock
Capa Collinson,