REVIEW.
MORE, ABOUT FINANCE. IN
CHINA.
CORRESPONDENCE.
[The opinions expressed by the correspondents are not neces
Hongkong Chinese Currency and Bank.arily those of the
Telegraph."] ing." By Srinivas B. Wagel; Author of "Finanos in China. NATIONAL COMMITTEE FOR Shanghai, 1915. North China RELIEF IN BELGIUM. Daily News and Herald, Ltd., $10 or 18/-.
(To the Editor of the Hongkong Talograph.)
|
THE HONGKONG TELEGRAPH, SATURDAY, SEPTEMBER
AVERAGE AMOUNT OF
́· BANK NOTES ·
⠀ In Circulation. ⠀
Returns of the average amount of bank notes in circulation and of specie in reserve in Hang- kong, during the month ended August 31, 1915, as certified by the managers of the respective Banks:--
Spools
:
Average Banks.
Amount.
Chartered Bank
DAIRY FARM NEWS.
FISH
in
Reserve.
WE HAVE RECEIVED A NEW SHIPMENT
It is not many months since we Sir: I hope you will grant had the pleasure of reviewing Mr.me space to say a few words about Wazel's "Finance în Chins,
a the Belgians still in Belgiumi. book which manifestly foresh- The admirable efforts of the of India, Australia dowed a sequel. It was im- National Committee for Relief in & China 26,207,188 $5,000,000* possible to treat fally, in the one Belgium are going a long way to
Hongkong and or two chapters which the author avert famine, but if the million-Shanghai Banking could afford in that work, so wide and-a-half destitute Belgians are Corp.,21,784,064 17,600,000 a subject us Chinese banking, and to be kept alive the National Mercantile Bank readers of the forerunner of this Committee must have yet further of India Limited, new book will be eager to know support. The only conceivable how he has handled so engrossing cause of doubs in the matter. a matter when he finds himsel must lie in a mere weariness in free to launch out over a stretch well-doing, produced not by any of four hundred and fifty pages, intellectual difficulty but by such "Chinese Currency and Bank-holly unintellectual things as ing" is distinctly the work of time and fatigue. I think, there- man who know how to apply fore, the best way of preventing general knowledge to particular any possible neglect of so great a contradictory in an over-turn of facts. Mr. Wagel has not set out matter is to repeat once more the all modern life by troglodytes:
Ora,
1,350,409 850,000†
Total $20,341,639 23,350,000 with the Crown Agents valued at|
Sterling Securities deposited
$1,850,000.
Securities with the Crown Agents £68,040.
we
OF SELECTED
FILLET
HADDOCKS
AND
KIPPERS.
A YEAR AGO TO-DAY.
LEADING EVENTS IN THE GREAT WAR.
TO-DAYIS ADVERTISEMENTS
NOTICE.
We have removed from our premises No. 14 to No. 12, Queen's Extracts from the war news son-Road Central, just in the rear of
Casmed in the "Hongkong Mesars, Pathe Freres. Telegraph" of September 4,
1014.
Loyal Ireland.
progressing along almost the whole line.
French Government Removes from Paris. The French Government has been transferred to Bordeaux. A
RUTTONJEE & Co.
of
PUBLIC AUCTION Valuable Leasehold Property situate at Victoria in the Colony of Hongkong in FOUR LOTS
WEDNESDAY,
од
the 15th day of September, 1915, at 3 o'clock p.m. by
Mr GZO. P. LAMMERT
Duddell Street,
Auctioneer, at his Sales Room The Property consists of:-
Lot I; All that pless or parcel of ground registered in the Land Offico as Section B of Inland Lot No. 1416 together with the messu- ege and buildings thereon known as No. 3 Macdonnell Road.
Area 5668 Square feet or there-
Annual Crown Rent $39. Lot II. All that place or parcel
to write so important a study of grest traths upon which rested and you are still falling short of Chinese banking without having the whole original claim, not so this foarfal Belgian scene in that firat mastered the governing prin- much on our sympathy as on our familiar Belgian scenery. It is oiples that apply to banking an a common honesty. The simplicity idle to talk of exaggerations or whole. Indeed Chinese moneyed enormity of the Belgian etory misrepresentations about a case 'methode. are 80 appallingly can best be set forth, perhaps, in
80 olose to (18. Chinese abstrace that no man who had four truisme, all toweringly self- tortures may not be quite so not what Mr. Wagel obviously evident.
fantastic sa travellers tell as; has an all round knowledge of
First, of course, the mere bad-Siberia may not be so desolate se world finance to bring to bear on ness of the story is almost too big its fugitives say it is: but we the subject-could write ten lines
to be held in the mind. could no more invent such a upon it without coming up against There have been stories of a massacre in Belgium than we
At a patriotic meeting at Cork, some insurmountable obstacle or woman or a child actually robbed could a massacre in Balham. The attended by prominent persons other. Here no obstacles seem to of reason for life by the mere things of shameless shame that of all parties, even extremists, have been encountered; every- ocular shook of some revolting have been done are something a resolution was passed assuring thing runs smoothly and there cruelty done in their presence, worse than prodigies, worse than the Government that Ireland are few men engaged in business There was really a danger of nightmares, worse than devilries; would assist them to the utmost, in this part of the world who can something of the kind paralysing they are faste.
Speakere urged every man to not learn a very great deal from
our protest against the largest Third, this people we have enlist. what the author has to say. He
and, by the help of God, the last heard of daily have endured this British Force Drives Enemy Back. realises that, from our Western of the crimes of the Prussian unheard of thing; and endured it The Official Press Bureau, cou point of view, China is a ne Kinge. The onlookers might have for us. There are countless case firming the report of the capture country; a young bear with all been struck into a sort of gib for compassion among the bewil. of ten Gorman guze by the British, its trouble to come; but he also bering imbecility and even amis-dering and heartrending by-pro- says that the British pushed back knows and shows that such ability, by the fall and indefen- dacts of this war: but this is not the enemy, and that fighting is country should have ย
care sible finality of the foul stroke. a case for compassion. This is a how it beedlessly thrown away We had no machines that could
more working case for that the worthier traditions of an older measure the stunning directness minimam of a sense of honour It is true that be con-of the blow from hell. We could that makes as repy a poor man ecionaly starta with the iden that Chinese methods call for hardly realise on enormous public who bas advanced bis last penny have to post letter
а reform, but he is unfailingly
only forgotten to stamp. In this re- Proclamation issued by the French fair, and ever ready to give old to execute. Tot such speot Belgium stands alone; and Government explains that the Ubina full das for all that was an aot was the occupation of Bel- the claims even to other Allies decision to transfer is based pure- of ground registered in the Land excellent and praiseworthy in her giam; almost the only act in traditional manner of doing basi-
history for which there was quite Day well stand aside till she is ly upon military reason, Office as Section U of Inland Lot paid to the uttermoat farthing cause Paris is becoming the No. 1416 together with the messu- eimply and literally nothing to There has been self-sacrifice every pivot of operations. Though the age and buildings thereon, known On questions of coinage and be said. Bad history is the whole where elsa; but it was self-sacri- city may not necessarily be the as No. 3 Macdonnell Road. currency bases and developments, basis of Prussia: bat even in bad fios of individuals, each for his immediate object of attack, and Area 5824 Square feet or there- as on the relations between the history the Prussians could find own country; the Servian dying such attack seems unlikely, the abouts,
Annual Crown Rent $40,50. State and the fosncial world, Mr. Wagel is remarkably clear, no precedent and no palliation: for Servis, or the Italian for Italy. armies will bemanoeuvring round
Lot III. All that piece or par The Government therefore. and the more intelligent Prussidus But the Belgium did not merely it. and helps to smooth away many did not try. A few were so feeble- die for Belgium. Belgium died deemed the transfer prudent in
Land Office as Section D of Inland of the difficulties that must have minded as to say they bad found for Europe. Not only was the order to be free to exercise it a beset the path of the average dangerous documents in Brussels, soldier racrificed for the nation; thority throughout the country. Far Eastern reader; indeed his
as if what they had done could the nation was sacrificed for President Poincare has left Paris chapter headed "Currency in Chiga" is not only a valuable possibly be excused by things mankind. It is a sacrifice which for Bordeaux. little bit of Chinese history in it- they did not know when they did is, I think, quite unique éven
Prince of Wales' Fund, it. This almost piteous lapse in self, but it thresbes out, with a
We are advised that monthly Jaudable thoroughness, most, if argument was, however, cover-mong Christions; and quite in-
od up by the cleverer Prus-conceivable among pagane.
we even privately after a mur-enbeoribers to the above fund, up not all, of the problems that hang siane quickly su might| round a silver currency. Ques. be. They prefered to stand with mar, or even privately grudge a to the 3rd inet. totalled 31, ont a rag of reason on them than penny for binding the wounds of amounting monthly to 8482.50 tions tonched upon in the author's
There have also been received 13 BO solitary and exceptional a former work-the variety of
with such a rag as that. Before wo martyr, we ourselves shall be donations amounting to $385. As minte, the absence of uniformity of coinage, etc. are here satis come to the monstrous material something almost as solitary and soon as the Official Fund ander factorily expanded and, an inter-sitaation an abstract unreason, be nearest to the state of that un-
suffering, there is in the existing exceptional. We shall perhaps the auspices of the Government has been opened, all monthly esting point to Hongkong readers, nay an abstract insanity, which speakable sociologist who per subscriptions and donations will the fors and againsts of a gold the brain of man must not bear ended bis wife to partake of a be handed over to the appointed standard for Chino receive das'
A nightmare must not abide to simultaneous suicide; and then rasurer. A collection book is at consideration; indeed the chapter the end. The tiniest trace of
the office of this paper. himself cheerfully lived on.
199.
of
act which the actor did not wish to exon80, but
on the bases of currency is a book Prussian victory that remains will Fourth: 1fttere be anyone on
in itself, and one which no one make us think of something which
interested in Hongkong'e money is not to be thought of; of some matters ought to be without.
it goes without saying that thing like the victory of the beasts
however mnob inclined the China
over mankind.
this earth who does not find the final success of such crime more! than the mind can bear; if there
be anyone who does not feel it se
Second, it must be remembered the more graphic since it walke
·
LOCAL
TO-DAY'S ADVERTISEMENTS.
G. R
LOCALITY.
Boundary
Host.
(Approximate)
Coarents
» Aauna] Rent.
abouts.
vel of ground registered in the Lot No. 1416 together with the messuage and buildings thereon known as No. 4 Macdonnell Road. Area 6850 Square feet or there- abouts.
Annual Crown Rent $47.00. The above menti ned premises are held from the Crown for the residue of the term of 999 years oreated therein by a Crown Lease 'dated the 14th October, 1899.
Lot IV. All those pieces or
parcels of ground registered_in the Land Office as Inland Lot
No. 932 and Inland Lot No. 1729. Together with mesauage and
as
buildings thereon known. "Dethick" No. 63 Robinson Road including all out-houses, stables and a croquet lawn,
Inland Lot No. 932 contains an area of 81685 square feet and is held from the Crown for the resi- duo of the term of 9-9 years Forested by a Crown Lease thereof dated the 20th day of December, 1900.
Annual Crown Rent $375.00.
Crown Lease.
Annual Orown Rent $80.00. For further particulars and conditions of sale apply to
EWENS & NEEDHAM, Alexandra Buildings, Solicitors for the Vendor,
Motor to M
of the future may be to adopt that this murder has been done up among the tramway lines and PARTICULARS AND CONDI foreign finance systems, much of her present method of doing bank as people of such proximity and lamp-ports of a life like our own; TIONS of the letting by Public Inland Lot No. 1729 contains business is destined to survive familiarity that there cannot be if there be anyone who drea" not/Auction Sale, to be held on Mon- an ares of 14100 square feet and and this feet adds value to a long There is some shadowy justifics about Balgium is like being Works Department, by Order of from the 23rd day of January, any mistake about the matter feel that to be caught napping day; the 6th day of Sapt, 1915, at is held from the Crown for the 3 p.m., at the Offices of the Public residue of the term of 75 years and informative chapter in Mtion for the comparative indifer-
"District Wagel'e booka on Banka," and the plan usuallence to the wrongs of very remote caught robbing one's mother on His Excellency the Governor,! 1945 oreated by the Crown Lease! followed in forming Chinese | Peoples: for it is not easy for usher death-bed ; there still remains of One Lot of Crown Land at thereof dated the 28th day of a sort of brutal compassion New Kowloon in the Colony July, 1906 with such right of a term renewal for a further term of 75 banks in general, Both here and guess how much slavery shocks for bodily pain, which has been of Hongkong.for
here the author has known negro or cannibalism & cannibal. half-admitted bere and there even of 75 years commencing from years as provided in the said how to keep technical detail But the innkeet and shop-by the oppressors themselves. Il 30th March, 1903. within the bounds of reasonable keepers of Ostend felt exactly as we do not do a great deal more PARTICULARS OF THE LOTS. ness. He has made a close stady the innkeepers and shopkeepers even than we have already done, of other, worke that deal with his/of Dover would feel. We have to it may yet be said of au ́that wo| sabject and be has been careful imagine a pre-bistorio cruelty left it to the very butchera of this
coming suddenly upon a econe nation to see that it did nos bleed | 2 to avoid the blemishes, of pro- lixity on the one hand and which was civilined and almok to death. Ama scrappiness on the other, which commonplace. Imagine ligera I therefore plead for further have marked some of the bocks breaking out of the Zoological belp for the Members of the Gardene and eating all the National Committes who hava tresting with Obinere peculiar-
people in Albany Street: takon this duty upon themselves. ities. The book.is straightforword
I imagine Red Indione exbibited at All enbesiptions can be addressed and essentially practical work of a business man who ympia literally scalping every to the Treasurer at Trafalgar kaown what he wants to say and pass-by from that place to Buildings, Trafalgar Square, Hammersmith Broadway; im- London, or to Local Committees who bre, the added ability to vay it in a style that is easy and plea-agine Jack the Ripper crowned where they have been formed. sant Ubinere currency and king of Whitechapel and con- * will get no more than dooting bis executions in broad Banking it deserves if it reaches a wide daylight outside the Tube station popularity both in the East and Aldgate; imezine so reɑph no you can of what is violent and De Home
Tours faithfully,
G. K, CHESTERTON.
Overroale,
Beaconsfield, Buoka. 5th August, 1915.
15000
$
Mr. GEO. P. LAMMERT.
Anotioneer.
·Hongkong, 3rd September, 1915:
DIOCESAN GIRLS' SCHOOL KOWLOON.
ST MARY'S SCHOOL
KOWLOONE
on Thursday, September 9th, at
9 a.m.
The above Bchool will
on September 15.
1915.
TENNIS
SHOES -SOCKS
SHIRTS
BELTS SCARVES
SWEATERS
MACKINTOSH
MEN'S WEAR SPECIALISTS,
16 DES VŒUX ROAD.
LTD.
WM. POWELL, Ltd.
TELEPHONE 346.
LADIES FOOTWEAR.
SMART
GOLF BROGUES
NOW ON SHOW.
-INSPECTION INVITED,
J. ULLMANN & Cò.
ALL KINDS OF
JEWELLERY, WATCHES, BINOCULARS
EXQUISITE DESIGNS. FULLY GUARANTEED
BEST MAKE
Special Bargains in Gold Pocket WATCHES.
COLUMBIA 2472 {
Columbia
THE KILTIES KOURTSHIP THREE BLIND MIDE
ETO.
RECORDS.
Band H.M. Boots Guards
}
OF
FAMOUS BACPIPE RECORDS MARCHES, STRATHSPEYS, REELS ETC.
by
Pipe-Major Forsyth......(The King's "Piper)
and Pipe-Major Ross......H. M. Scots Guards
CALL OR PHONE 1322
THE ANDERSON MUSIC CO., LTD.,
A
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KINGLY DRINK
WITH
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KING GEORGE
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The Distillern Company
· EDINBURGHL)
School Work will re-commence
WEETSOLE AGENTS
CANDE, PRICE & CO., LTD
Boarders return on Wednesday Tel. No. 135.5 6. Queen's Road Central,
aftern September
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