CORRESPONDENCE.
THE HONGKONG TELEGRAPH, THURSDAY, MARCH 9, 1916.
So far and am aware, this in a THE KAISER'S BIRTHDAY DAIRY FARM NEWS.
novel proposal, but it contiîne n330- thing startling. Even now the Bank do a certain amount of business. in these notes. There is no reason
A. Hongkong Soldier's Remarks,
The opinions expressed by the correspondents are not necesshy they should not be issued by arly those of the "Hongkong the Home Treasury to the Calon-
Telegraph"}
al Treasury just as they have been We take the following from a |issued to joint stook" banks at Hongkong_boy's letter written
Home, as a loan to meet currency from the Western front --- requirements, and bearing in Sorry I hadn't time to write to terest. The great advantage is that you for the last day or two; rather
HONGKONG'S CURRENCY
PROBLEM.
SAUSAGES.
We invite you to inspect the variety of Sausages we have
--
(To the Editor of the Hongkong the notes need not be redeemed in busy, Kaiser's birthday, includ ALL READY FOR YOUR TABLE,
Telegraph.)
gold bills by the Government. Ing fireworks and all that sort of Sir-Whatever may be the They are, in effect, gold bills thing. You see we are holding cause of the premium on the themselves However, a small that part which Frits has corsted paper dollar, it appears to be amount of Telegraphic Transfer for months and months and where generally agreed that a gold "peration might be necessary to he broke through this date last standarvi would do away with its apport the rate from time to time. year as a birthday gift for his
For submultiples it would Imperial "self" disadvantages, if only the remedy do not prove worse than the probably be best to abandon the disesse.
We have opposite as the most pence and half-pence, in spite of enormous craters one could s00; Pothly we can make an ex-some slight difficulty in pricing you may imagine the cise when
ssy you can't throw from our lip periment with the gold standard goods seat from England.
The cent need not be coined as to theirs; but we sit there with "on a partial scale, without grest
A fire cent piece, of pockets of bombs ready for them. present. expense, and without committing ourselves definitely sed finally to nickel, and pierced like a cash" They did get into the crater yes it. The following suggestion is or lobed, to distinguish it from a terday, and we thought that the ten cent piece, should be coined; long awaited Kaiser's gift had thrown out as an attempt to provide such a scheme, and I shall greatly appreciate criticism
comment upon it through your columns,
In defence of the silver stan- dard, it is argued that Chins has
* silver standard and she is likely should
Bill
not
The
at
THE YARN MARKET.
A Dull and Uninteresting Fortnight.
and
OXFORD SAUSAGES. TOMATO POLONY
BOLOGNE SAUSAGES. TONGUE BLOOD
LIVER SAUSAGES, &c. &c. &c.
All made on our own premises by
our own European Expert.
Sandry Articles :- In imports aslen are reported in angoor at $22 to $25 (per piml), apricots at $32 (per pical), b'dellium (googal) at $18 to $20 (per picul), borax at $30 (per pical), gum olibanum at $15 to $20 (per pical), halibore (doo) at 824
PASSENGERS ARRIVED.
Per a Iyo Marn from Japan, on March 8.--- Blatchford Mr &
Mrs HG
Kum YM
and Mr Mrs Tow GB.
Hirooka T
Per a Fabrasien from Baropa, on March S Baumgarten DL
Cinton Miss EL
Fr&a
Hallebaugh LA
DP
Kumi MamaL
Linn Mr & Mra Loca Ber&Mrs
ED Luis Mrs
MacCam N W Naider Mas
Palmer Mr & Mas E Pirano A
Fat AL
Red Min E C
Walters Ber & Mis
HA
Watling DO
TO-DAY'S ADVERTISMENT.
TO LET.
low "Brentor." 114 Peak.
NOTICE TO CONSIGNEES OCEAN STEAMSHIP COMPANY, LTD.
it should be larger than the pre-arrived, but they went home after MESSRS. SETNA'S REPORT sect five cent piece. This coin a minute or two and so ended & would be a ball penny for all very dull day. They didn't even practical purposes.
send up a mîne, which they sIG
Meears S. D. Setas and Co., in A ten cent piece also of nickel so fond of doing round there.
Early in the moming, a mine
their report dated March 8, state:--- all the subsidiary gold coin
Cotton-Market raled steady, be of nickel to went up; quite a beauty, from to retain it for some time. The prevent their going out of the the earthquake; but I didn't get and sales are reported of about 650 as the out to have a look sad no one Unsold stock is estimated at about packagesst $27 to $29 per pical advocates of the standard say Colony) would serve that Hongkong is a mere annexe penny, sad s twenty-five cent took the slightest notice.
They are shelling on this morn-
850 balas. Closing quotations: "of China and that ebe mast coin should be struck and mark.
follow the lead of China or loseed, both "Twenty-five cents and ing with all sorts sad conditions $18 to $30 per pical
Indian Yarn: Since the three-pense." Similarly the of metal from the noisy fellows her trade. They say that on the establishment of a gold standard fifty cent piece would also be six-down to the insignificant report issue of our last report, our Sibop Me & Max Lineal Bar
Hongkong, the exchange peace. The weights and alloy of shrapnel barat; our guns are yarn market raled steady. Owing Bonafor L
to the political crisis in the-in-Bruphie Hesars. J
W.B business, which is so large a part may be left to experts to deter- replying, and so, the fun goes onering, which is the cause of Carroll of the banking of Hongkong, will mine. If it is decided to issue We have quite a strong dug-out, the present slackness in demand. Casey Miss A go to Canton. Therefore, they copper tokens of the gold cent but it is so small, and, after a
limited sales have been reported Comeliakmannan advocata only a reform of sub-and this is probably best left meal, one is forced to come out of about 2,625 bales, comprising adiary currency and the issue of alone until China adopts for a rest. Soands funny, does about 100 bales of No. 6, 1175 FE CY notes by the Treasury to re- gold standard, thin coin n't it?
bales of No. 10, 750 bales of Host Bar & My Vogelsang the best of the duce the premium on the Bank like
No. 1, 100 bales of No. notes
On the other side, it is Chinese stamped copper cash
16a, and 500 bales of No. 201. Jame im
Hipp Miss C.J argued that a gold standard is should be adopted instead of the
Unsold stock is estimated at about inevitable in China and that Hong-clumsy cent pieces, and half cents
42,000 bales. Sold but uncleared kung abould lead and not follow somewhat smaller with s striking-
stock is compated at about 16,000 in this matter; that at present they different design would be worth
bales Chinese merchant has to face the about two cash and could entirely Anctuation of the gold to silver displace the present cash. The exchange, since the European circulation of cash would then be merchant's quotation to him in prohibited.
The nickel token coins would} Hongkong of a price in dollars allows for that exchange. There be issued in small numbers as need be no more difficulty in got the demand for them would
be great
Moun Poliskwalla ing prices in Mexican dollars probably after the change to gold than first asual precautions Kotwall, in their yarn report
(per picul), kismis at $29 to $33 TO LET-Furnished Bunga- before, if such quotations are should suffice to keep them at dated March 8, state
The improvement forsabadowed | (per pical), patchukat $260 (per desired, because the Mexican par. As for the parity of the notes, dollar rate in Sterling that would maintain itself, since in our last report, which is dated pical), besoar stone at $250 (per Apply Dr E Evan Jones.
be know one could always send Home the the 24th ult., has unfortunately catty), and muak at $350 to $400 always. The convenience of silver notes, notes themselves, and the Colon-given way to a feeling of despon (per catty). In sports, owing to which serve as a medium of payial Treasury could always isane dency, and although rates have political troubles in the interior, ment in Canton and Hongkong more notes when they were at a not undergone any remarkable goods began to arrive very scan- change, we bave to recordfily and the absence of some of the and between them, cannot be premium.
dall When the new coinage was in- A
and
uninteresting goods brought prices to a much denied, and the weak point of most schemes for the introduction troduced it would be necessary fortnight, for which the cortinned higher figure, with a limited of the gold standard is that they to enspend the snactment making strifes and uprisings in the in- business passing. Purchases are ignore shis fact. This is presum- the dollar legal tender and make terior are responsible. Deliveries reported in green beans at $41 ΠΟ improvement, and (per pical), cardamum seed at ably the meaning of the threst it compulsory to quote prices in show that Hongkong business would gold-though not in gald only, dealers, owing to the absence of $38 to $40 per picul), galangal at go to Canton: the Banks would This is no great hardship in response from the countries, prefer $10 (per pical), garlic at $10 (per ine their silver notes there. Hongkong, where at present there to pause and await developments. pical), glue st $42 (per pical), Bat all this is to argue that is a price in paper, in "large At the close, however, a slight mungsl st $19 (per picul), Bugar- lver currency is not to be dollars", and in "small" money, or improvement in demand is die candy at $1 per pical), Ter- tolerated in Hongkong alongside enbsidiary coin Earupean salaries cernible and few parcels, suited million at $291 to $300 (per case), the new gold one, and that is would be paid in the sterling car- for the Yunnan market, are refire-crackers at #11 to 17 (per by no meana necessarily the rency and taxes collected in the ported to have changed hands at case), sad preserves at $5 to $7
(per case). case. In say scheme which is to same. The shopa patronised by about the last rates. hope for saccess while Chica Europease would probably con- remains silver-using, it will be duct all their retail business in advisable to keep at least the the new arit and the result would silver dollar and notes based upon be a lower cost of living, since it as a means of carrying on trade the fluctuation of the exchange with Canton. In Hongkong, as is another fruitful source of rises in Chins, the problem is to in- in price. troduce a gold currency which For those merchants who wished
All broken chafed, and dam- will operate aide by side with the to quote prices in Mexican dollars silver currency notil the time is there would be no new difficulty: Novara and extra str. Rangoon have been sent by the "Little Bit aged goods are to be left in the Bombay, Дате Workers Society," and women of Gedowns, where they will be examined on any Tuesdays and ripe to replace it. Sach car the Hongkong and Shanghai Hara, from rency must be in uniu which will Bank might issue paper money brought in 4,000 bales for Hong Kowloon, to Lient-Colonel Scott,
10.45 am and noon. be familiar to the people using it, as before to serve as the median kong, sad 4,000 bales for Shang- A M. C. comusading 19th Fridays between the hours of No claims will be admitted after! it must lend itself readily to use of payment between Hongkong hai, Shipments from Hongkong General Hospital, Alexandria, sa a unit of account, it must and Canton. The sterling sab to Shanghai, coast ports, elc through, the courtesy of Messrs. the Goods have left the steamer's Shewan, Tomes & Co. 6 Aroring Godown, and all Goods remaining not be expensive to essidiary coins would not go out 1,000 bales.
Shanghai-In striking contrast gowns, 4 saits pyjamas, 19 pair undelivered after the 15th March, tablish, since a great part of the of the Colony, being nickel, and foreign trade, that is, nearly all so ro new subsidiary coinsge to the local position, the Shanghai of socks, 2 doz. handerkerchiefs, will be subject to rent.
All Claims against the steamer the entrepot trade of Hongkong, difficulty would arise. The pre-market has continued strong and 4 do pair of mittens, 24 is to be done in silver, and it sent aabsidiary coin should be active and we hear of a large mufflers, 1 sleeping cap, 1 Balmust be presented to the under should te, as nearly as possible, withdrawn as fast as necessary to business passing at rates which aclava helmet; 20 sticks, 1 set signed on or before the 29th
cognised. automatic. The following pro- keep it at par with the silver are $3 to $4 abors this market Staunton chessmen and board for March, or they will not be re- Japaness Yarn-There has invalida. Two parcels of women's No Fire Insurance will be posals are intended to fall those dollar. In depriving the Mexican requirements.
dollar of its character of legal been a remarkable shrinkage in and children's clothes have also The unit of the new gold car tender the Government would be business owing to a big advance been sent to Miss Vivian, The rency should be the shilling, for depriving the public of any grievin home values, 150 Bales Yellow Maurice Hostel, 52 Herbert Street, the large gold value of the dollar, ance as regard the premium on Joss No. 20 at $134 to $135; 50 Hoxton, London, N. sometimes as much as 2/-, is too paper, but possibly the banks Bales Setan No. 20 at $147,
...
Sales during the fortnight are returned as 2,100 bales, made up mostly of current chops of No. 10%.
Total sales 2,100 bales. Stocks: Unsold and undeli- vered in the godowns 64,000 bales,
Arrivals.-The mail steamer
#
Raw Cotton.Bengal: no stock.
hith the tendency of large units might with advantage be given Chinese: no sales. Quotations: to make large prices is sufficiently greater liberty of issue. well known to need no farther com- Legal tender is not of so great Bengal, $22 at 28, Chinese $29. meat. Further, the shilling is importance in a country where the at 54 per-pical-
simple fraction of the unit in currency to be used is as much mat which prices are quoted from ter of bargain as the goods to be England, and would make no bought, but the sterling currency Stiloulties in the book-keeping of would no doubt be made legal
temerchants.
tender.
The multiples of the shilling to In time the dollar would be the issue of copper towns. Has- be issued should be the ten shill-little used, though the note based time what is proposed in really ing and ons pound notes and these on it would be required so long an extension, of the British system paght to be the British "Currency as China remains under the pre-fication of a decimal avstem
to Hongkong, with the modi- Notes,” now circulating, obtained sent system. When she changes from the British Trossury as a to a gold standard. (and if she does) it will be time to think of oan bearing interest.
BMW.J. HINTOS. Hongkong, March 9, 1916,
COMFORTS FOR THE SOLDIERS.
This week the following articles
The Delroys..
The Three Delroys opened | laat might at the Bijou Theatre in their interesting juggling set. Their work was nest, and exser tionally elever, “and” they are distinctly above the avenge
theate cinemastograph
trick makers. The artist who esa perform an old trick in a new way sad far more neatly than the sverage jazzler, is always well worth going to ase, and the Delrays shon'd have a highly| successful season here,"
"
AND CHINA MUTUAL STEAM NAVIGATION CO., LTD.
Consignees per Co.'s steamer
"I DRAGETRI” (Enylochas)
are hereby notified that the Cargo will be discharged into Holt's Wharf, Kowloon, where it will lie at Consignees' risk. The Carzo will be ready for delivery from Godown o and after 9th March
Optional cazzo will be landed, unless notice has been given prior to steamer's arrival
effected
BUTTERFIELD & SWIRE,
Agents. Hongkong, 8th March, 1916.
CANADIAN PACIFIC
OCEAN SERVICES, LTD.
THE 5.S. **EMPRESS OF RUSSIA will be despatched from Hong- kong at noon, 01 WEDNESDAY. 22nd March
PORTS OF CALL FORVANCOUVER via USUAL
For Fassage-fares, freight- rates, etc, please apply to
J. H WALLACE,
General agent, Hongkong
HENRY HEATH HATS
FELT
TERAI
AND
STRAW
NEWEST SHAPES NOW SEOWING AT
MACKINTOSH & D
Men's Wear
Specialists,
16, DES VEUX ROAD.
COLUMBIA
DOUBLE DISC
RECORDS
$1.50 ́
FIT YOUR MACHINE.
THERE ARE HUNDREDS OF COLUMBIA RECORDS AT THIS PRICE OF SI50
ANDERSON MUSIC
6, DES VŒEUX ROAD.
CO
LTD.
Tel. 1322
WM. POWELL,D
JUST ARRIVED!
SMART MODELS
IN
LADIES'
WHITE SHOES.
FOR THE COMING SEASON.
THE DISTILLERS COMPANY'S
DRY AND OLD TOM LONDON CINS
THE
tr
LONDON
OLD TOK.
D.C.L
ILLERS COM
· LIMITED.
DCL
LONDON
OLDTOM
GAM DESTILLERY
97 BOOLEYST LONDON, SE
FREESTERES (PICE-ZLARGA
“ SHIELD ” ⠀⠀ TRADE MARK SOLE AGENTS
GANDE, FRICE & CO. LTD.
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