THE CURRENCY
PROBLEM.
Interesting Lecture at the City Hall.
THE HONGKONG TELEGRAPH SATURDAY, MARCH 11, 1916.
ORDERS.
itself, as it was, at one time, not VOLUNTEER RESERVE walike that of Shanghai, when Bengkoug was overrun with! Chinese monise of all kinds: and
the third, to the cause of the re tention of the evil in this Colony
Detail
Parades for the Week Ending
Order No. 93, issued to-day this is due to the shrewdnows off by Major Waksman, Commanding money-changers. For, in spite EKV.B., status r That most important question of the telling effect which the
On duty till the morning of] for Hongkong-the inequalities prohibition from circulation off in the local currency was the Chinese sub-coins temporarily Friday the 17th inst. “A Co.
which subject of an interesting lecture produced
was clearly Orderly Officer-Lisat. J. 0. delivered last evening by Mr. J discernible in the sudden and Hughes M. Xavier, at the City Hall,jantire removal of premium on
13th lust. The lecture was given under the silver dollar and the sudden
Becruits on the Cricket Ground auspices of the Odd Volumes drop of premium on bank-note to
Monday, the 13th inst Socisty, and whilst there was a 3 per cent as against 30 odd par on fairly good attendance, it was cent before the passing of such a Wednesday, the 15th inst, and noticeable that few of the leading law (a very wise step kan by Thuraday the 18th inet, at 515 -commercial men of the Colony the Government), still they stood p.m. under Drill instructor Sergt.
their ground tenaciously. For, Oxberry. Dress: drill order. wste present
The chair was occupied by the backed up by their skill and Signalling Section at Volunteer Hon. Mr. H. E. Pollock, K. C. thorough knowledge of the pro-Headquarterson Monday, the 13th In introducing the lecturer, the Stable nature of their business, inst, Wednesday, the 15th inst. Chairman said they would all they continued to exploit the paband. Friday the 17th inst. 3:5.15 admit that the Hongkong curlic to theirown advantage, simply p.m. Uniform to be worn.
"B" Ca, on the road outside the rency problem was a very im- by contincing to bold out to them pomat subject, especially when the usual litla bribery in the Law Courts on Tuesday, the width they considered the large sums of shape of premium, and the inst.at5.15 p.m. Drew: drill order. "A" Co. on the road outside the money which had to be speat public continued to be in a state
the to pay for
satsidiary of subjection to their will, think-Law Courtson Friday the 17thinst at 515 pm De: drill order. ccinge of the Colony. Being that they too, had, struck a hoped that
after the lecture, good bargain.
"D" Co. at Volunteer Bead- someone interested in that snab The blame for that undesirable quarters on Wednesday, the 15 th *ject would promote a discussionstate of affaire falls not on the first. at 5.15 pm. under Sergt. and so ventilate the question more money-changers alone, but sleo on Major Cooke for instruction in fally.
the public, as the latter are at best aiming for all members who have Xavier then proceeded to accessories to the evil by accept pot fired parts 1& 2 Maskotry deliver his lecture, saying that ing the proferrad bibe of a pre- Course. Drese: drill order. the prevalent ides nuderlying mium. The beat, the surest and
All members of “B” Co, exclad- almost all the arguments recently the quickest, if not the only re advanced, was evidently that of medy against the evil, then, lies ing recruits who have not fred withdrawal or redemption of sub with the whole population of the parts 1 & Musketry ocarse for coins from the market with a view Colony-because if the opinions recruits bat including all exempt. to bringing the currency to par. of the population were one, and ifed members, will parade on the The policy
of redemption they were to refuse in a body to Cricket Ground on Sunday, the B.11. All had been pursued by the be influenced by the consideration 19th inst. at 8.45 Gerrament for a long time, but of the prevalent bribery in the signallery will attend this parade. i had not brought them any way of premium, the parity of bearer a solution. It had shown the currency will, in the event no effects in tangible form, like of such
a reduction of premiums on bank-being
8 concerted action
Field Firing.
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ALL READY FOR YOUR TABLE,
OXFORD SAUSAGES. TOMATO POLONY
BOLOGNE SAUSAGES, TONGUE BLOOD
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Tel. No. 1877.
THE
TO-DAY'S ADVERTISMENT.
Tel. No.
COLONIAL DISPENSARY.
CHEMISTS & DRUCCISTS
44. QUEENS ROAD CENTRAL, HONGKONG FAMILY AND DISPENSING CHEMISTS, DRUCCISTS' SUNDRYMEN, AND PERFUMERS:
DEALERS IN
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POLICE RESERVE ORDERS-ROYAL HONGKONG GOLF
CLUB.
VOLUNTEER ORDERS.
Orders issued to-day by Mr F. C. Jenkin, D.S.P. (Reserve) Btate=
Joined
takes, be reba bi- notes As a matter of fact, the litated forth with and without fur- premiums of late bad shown ther ado, Bat though this is, I decided upward tendency. Assum take it, the least circuitons way
Corps Orders issued to-day by ing thatall sabecoins now in cir- to counteract the evil, it would be Lieut-Col A. Chapman, V. D calition were redeemed from the almost idle, indeed, to expect it state market, how might ordinary to mature; for a very formidable purchases and transactions be obstacle, which cannot possibly
Private H. B. Pereira joined effected in their absence? Dealing be removed, lies across its path the Corpson 10: 3. 18, is allotted with the cause and origin of the Tais practically insurmountable Corps N. 1980 and is posted to currency anomaly, the lecturer obstacle is that the population of Right Section M.G.Co.
Shanghai
Parades. might this Colony, being a cosmopolitan pointed
Parades or Sunday, 12th in- to," as one and composed of various the place, where it onginsted, on communities among whom ideas stant. 9.30 am. Masketry (Part scotant of its two-fold currency, namely Tael and Mexican dollar, and on account of its not having a standard currawy of its own for subcoins. The sub-coins in cir- For, if a notion were laid before calison and in use there, come the whols population of this from other parts of China Colony for the purpose of voting and are of such a heterogenous for or against the suppression of stan description that banks the currency evil whereby they
maid wafely
that be
differ and among whom there can erist no common ideals, hardly be expected to be swayed by one opinion.
II only) at King's Park Range, can as detailed in Corpe Order No. 3. dated 6. 3. 16. One member of the Signalling Section will be required for telephone duty.
Remainder Nil.- Parades for Monday, 13th in-
7.00 am and 5.30 p.m. Mem-
lamp practice at Headquarters,
*
Police Reserve Sports..
Fanling Course.
A Committee is to be formed Following is the result of the for the purpose of organising a Captain's Cup played off on March Sports Meeting. Membera ex- 4 and 5-
80-er 80 lie perienced in such matters are Capt. Campbeli perited to send their names to Mr. P. H. Bodzwon 97-17 83 tie. this office.
Mounted Police.
All troopers will report in mufti to the Riding Master at the Stables at 40 p.m. on Sunday, March 12th. Also at 5.30 path each day (except Saturdays and Sundays) until further orders.
Maxim Gunners. Will parade in uniform with
Staff.
Bemainder: Nil.
Chief Inspectors D'Almada & Parades next week --
J. Wang are placed on the Thursday, 16th, 5.15 pm- Staff Special drill for N.C.Os. of Scouts Company at Headquarters.
Detail
· Tramways:
Any
Mr. F. J. de Bome 96-15 81 Mr. J. DewaT. 88-2 84 Dr.T.Lindsay Woode86 - 2.84 Mr. G A. Hastings 97-12 85
TO-DAY'S ADVERTISMENT.
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Hongkong Telegraph." age about 30-Only an experi enced man need_apply.-B.K"
NOTICE
Friday 17th, 515 p.m.-Scoate for travelling in Uniform once
Two men have been reported Co., parade outside La Course Tramcare otherwise than when op, and proceed to Happy Valley by going on or coming of, duty, cad tram for Squad and Company refusing to pay any fare. drill (instead of as detailed in future report rill be dealt with as Corps Order No. 4 dated 10.3.16.) an offence against the Co Lpany' Until further notice. the Govern Bye-laws and the Pulice Regala-
St. E ock" will On duty until 17:6-H_K.V.R
ment Dredger tions.
be dredging an area ex-nding to 300 yards South of the Star. No. 1 Ca (No. 2 Platoon) will Ferry Pier at Tsim Sha T-ni,
Kowloon. parade at Water Police Station Do Tuesday, March 14:5., et 5.45 pmutside 103 yards from this vessel All craft are warned to pass
Musketry, Ranges E. & F. and all steamers must ease their All P. Ca of Nos. 2 & 3. Com-engines to slow, when passing
Platoon Parade.
could, even if they would, would be precluded from receiv bere of Signalling Section and Caps and covers a: Central S ander such circumstances, accepting any more premiums, I am other Signallers, as detailed in tion at 5.30 p.m. on Monday, them as legal tender; while it is positively certain that the votes Signalling Section Order dated Wednesday & Friday, March rot an uncommon practice for the thus cast will be against it in 8. 12. 15-Morse fig and Morse 13th, 15 b, &17: natives to receive or make pay-overwhelming majority because menta for goods sold or brought they cannot be made to under- in mall pieces of silver, the value stand by the most persuasive of of which was determined by arguments that, or its suppres- Weighing. Such a practice is not at sion, the cost of all commodities all marprising because the Taal it now, ruling mast, of necessity, sell is nothing more nor less than go down, that if the evil be a piece of silver of uniform or allowed to go on unrestrained, they atandard weight.
are simply contributing towards Having pointed out that these the benefit only of the money various sub-coins made necessary changers and that by paying for wone exchange system, of which everything at an enhanced coat the Chinese had promptly availed the difference between this en- themselves, Mr.Xavier went on to hanced cost and the real coat- say that there was no reason why which would be so if no disparity the money-changers should not in carrency exists is absorbed thrive in Shanghai because their by the commission charged by the business in that place is a legiti-money-changers; so all the profit
Sanitary Board Secretary. zale one based upon the principle goes not to their own pockets for
His Excellency the Governor oferchange of the currency of one to those of the traders bas direct ocuntry for that of the other. to those of the Money-changers, has been pleased to appoint Mr. But why should they flourish in As long as the public will part Eric William Hamilton to act as panies who have fired Ranges A to within 300 yards of her. a Colony whose currency is a with bank-noise, etc., at a pre- Secretary to the Sanitary Board, D are provisionally warned to When the Dredger is working.
tandard one?
13 the miam, the currency evil will re- during the absence of Mr. Cyril attend the Range on Sunday, she will fly by day, a red bungee crucial question. Upon this main as it is; but, in spite of the Francis Wogan Bowen-Rowlands March 19th.
than apon public's will or inclination, I am or until further notice, with effect. question more any other, the currency difficulty led into the belief that a remedy from the 8th inst. resta. Indeed, on a close examin- will be found which will do away ation of all the controversies on with the currency evil, although
It was asked by one of those the currency question, it is found that remedy may be a complex that this vital question, from and complicated one.. When this
present what was the difference which, arises a series of causes of comes to pass, the currency evil in the intrinsic value of the silver the existence of the currency evil will be a thing of the past; while dollar and ten" dimas but in this Colony, has not been an- the Government can with perfect no one seemed to be able to supply
the invariable impacity pat into circalation the answer derstood; for theme contained in them is contenfold, the amount of sub-coin in
In the absence of any further which has been remarks, Mr. Pollock, on behalf caned purely with the evil as it circalation is and not with why it is. erroneously thought to be orar of those present, thanked Mr.o attend next week's parades for
To answer this question mo-flowing the market, or it can Xavier for his paper. It was no the Drill Cap. catfully, three facts, therefore, substitute even nickel coins in doubt a very important question, must be borne in mind, as they their stead, without running the and he was sure they would al- Ind by successive steps to the slightest risk of a repetition of
ways study with interest any evil now existing in this Colony the currency evil And I am views which would be expressed The first refers to the origin and more than convinced that the through the local press. Seeing of the evil; this has been substitution of nickel coins for the large sums of money spent traced to Shanghai on account of silver coin will be accepted as in buying up subsidiary coms, te dual currency and the non-standard currency without any they ought to do all they possibly aristence of sub-coins of its own demur. (Applause.) currency; the second to the cir
Thie
could to remedy it, especially
Joined, Mounted Patrols:-C. L. Max- well.
No. L. Co. (No. 1. Platoon) - |G. Wilson, L. A. Tobine:
No. 1. Co. (No. 4. Pistoon) :- H. Mahmond, Sheik Moosa, A.
Hassan
- Orchestra Practice. Monday, March 13th, at 6.0. P. The Bandmaster & Or chestra Conductor will allow their men who are attached to Platoone
Acknowledgmen
from after mast and by night, 2 red lights, one at each mast-head
C. W. BECKWITH Commander. RN..
Harbour Master, &c, Harbour Department, Hongkong, 10th March, 1916.
G.
Pre
TENDERS FOR, BISCUIT AND BREAD.
TENDERS for supply of Bis-
cuit and Bread for M. Navy fra period of twelve months from the 1st April next, will be received at the Office of the Rear Admiral H. Naval Yard Hongkong, up to Noon on FRI- DAY the 17th instant. Condi tions and Tender Forms can be obtained from the Victualling Office, HM. Naval Tard, Kow- loon.
The right is reserved to decline
The Reverend Mother Superior Mr. Pollock said he was Bare during that time of war when of 8. Paal's Institution, Canse cumstances favouring the intro- they had all followed with great there was the necessity of has way Bay, desires to thank a the lowest or any tender, duction of the evil in Hongkong, interest the lecturer's remarkabanding their resources, this is also traceable to the unsettled He hoped someone would start a A rote of thanks was passed to for a kind donation of $100 for state of the carrancy of this Colony discmation.
charitable person," Anonym
the Institution.
J.W.STEEL. Asst. Victualling Stores
Officer fie Hongkong, 10th March, 1916
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