-COMMERCIAL NEWS”
German Firsace Altar the War! Ascarding to an AceñéSU paper, it is calculated that, if the war lasts through 1917, the German Empire a total indebted
11000
will have
Increased
$23,500,000,000 (gold) daring
the war. On this the 5 percent interest rate and a sinking fund of 1 to 2 per cent. would leave an annasi obarge of $1,500,000, 000 per annum after pesos. In the year before the war, the Empire's total annual revenue was slightly over $920,000,000:
Indian Embargo sa Iron, According a telegram
to received in Osaka recently the Indian Government has prohibit ed the export of scrap iron with the object of increasing supplies for Great Britain. It is said that as of late Japanese merchants have been importing large quuoti ties of India crap iron, the em, bargo will feet their interests con- siderably. Though it is thought, according to Japanese mer- chants, that the Indian Govern ment will grant a concession in regard to supplies for Japan, they are taking steps to employ their favourite tactica-memoriali-ing the Government, Private advices state that the Indian prohibition of the export of scrap-iron is apparently absolute in character, and no special permission for export will be given. The die patches add there are indications that the export of pig-iron will be alioabsolutely prohibited abortly. Copper.
Before the Bush Government took steps to keep down the copper market in London the Japanese market enjoyed remark- able activity on account of large, exports to Britain. The exports have been greatly reduced and new British orders practically suspended since that action was
taken by the British Government, and as a result the copper market ia Japan has been in
low
-THE HONGKONG TELEGRAPH, THURSDAY, SEPTEMBER 27, 1917.
"VOCAL TONE IN SONG by the vitality of a “Ène organ
In "My Reminiscences," ju« published, Tagore gives us his thoughts on European music. Be reproves our attitude towards song. He heard in his youth s prime donna sing at Brighton,
and was amazed at her command over her voice. "In our country understanding listeners think no harm to supplement deficiencies of performance by their own im minor ontward defects as hareb- agination; they bold that each
ness of voice or uncouthners of geature set off he inner perfection of the composition. In Earop there must be no weak spot in the singer's voice; the tuning of instruments must be done behing the scanes. In our country the musician is eatified if he ha heard the song; in Europe the go to hear the singer."
We know what be means. The question, “Have you beard-so- nd-e?" is far commoner than "Did you hear the ench-sa-t such?" Our ancestors regarded B song frankly an's trapese or which
en
scrobat exhibited strength and skill; they often re frained from encores they really wanted for fear of overtaxing a freil voice. Our grandfathers ran riot in Italian opera, whose music relieved them of intellectual effort and whose language dispensed them from attending to the words, except as labels. Now the worda have come back-if only in the form of that diegraceful cessity, a "printed programme but we are still thinking of something else."
We have been tone-worshipper for generations; and we mean by tone the elimination of subsidiary and unnecessary sounds there is no barm in this. But many people anderstand by the word mere they come in order to be exalted looduses, vigour, animal spirite;
water. It is said the outpat of Japanese copper has been in excess of the demand by sboat 10,000 tone, Sya the Japan Chronic'e. Added to this have been depressing factors both af. home and abroad, Recently both the London and the New York market soffered a considerable decliar, while the price at which the Ossks Military Arsenal benghi copper, being Y71.40 per 100 kin, was lower than the turket; quotations by about Y4. Aceird. ogly, the market has been farther depressed, sad quotating|| Q now stand at T70, representing
a decline of about YU.
Silver Supplies.
It is stated by the Mining Age |
of New York that the natuot E Mexico has fallen from 70,000,000 (za at which it stood prior to civil war, to about 7,000,000 oz-. The output of its neighbour and competitor in productice," the United States, has been increasing steadily, rising from 52,440 800 in 1908 to 72,883,800 cz. in 1916. The total for 1917 is expected to be about 75,000,000 czx. This enanced production of the United States of Americs does not make ap for the Mexican decrease, write Morera, Samuel, Montego and Co. in their circular of Anguat 9. It is anticipated that the world's production for 1917 will Be in the neighbourhood of 200,- 000,000 CZ, total which ex ceeds the 197,729,376 estimated for 1916. Naturally, mining companies are straining every nerve to take advantage of the high level of prices now attained. If the forecast for 1917 be correct, :the world's production will be 25 per cent. larger than in 1914 (180,626,019 czs), when it was ai ita lowest since the 1897.
year
Straits Subsidiary Colozge. A Singapore Gazelle Extra ordinary announces that the Hon. Mr. H. Marriott, the Hon. Mr.
$
&
A. M. Ponotaey, the Hon. Mr. S O, W. Darbiabire, Mr. J. Graig, Mr. J. C. Peter and Mr. Gaw Kok Khian have been.sppointed s Commission to enquire into the present shortage of subsidiary silver in active circulation and the steps which should be taken to remedy the shortage. The Hon. Mr. H. Marriott will be President of the Commission.. the F. M. S. are equsily inter- Tented, it seema desirable that representatives of the F. M.8. Chambers of Commerce and Mints and the P. A. M. should be pdded to the Commission.
they ask by their applause for more high noter, they want the exhilaration of the bold so bolder excursions of Mme. d'Alworts's "Mon rosat, s'ouvre," and though they like the homely pathos of the Misses Eyre's Elizabethan lyrics, their comment is that there will
not set the Thames on fire,
T
One cauer, now irremediable,
of this conception of tone is that arrangement of our life bý which we have to hear most of our muajo
Palsos war, and the Albert Hall in large balls indeed the Crystal
is, a gratuitious insult to the solo voice. Another is the growth in size and prestige of the orchestra - welcome support to a ragged or unequal voice, but a terror, real because needleer, to the con scientions artist. But this view of tone, argues sa ibsence of the
critical faculty in the listener. The one thing that everybody can say about a singer is that the voice is big or sweet-or that it is not; and this is the one thing that does not matter in judging the song. For each note ie not an abelate quantity or quality, but is relative to its neighbours; and this relati- vily is not affected by size of scale or compaan, nor, within limi's, by quality.
In a true song the words have become so mach a part of the ocmposer's mental furniture that the tune is inevitable; and the winger does not truly sing it until his experience of life bae made him able to be in imagination the hero of it. Here is no areas for the dieplay of vocal socomplishment, batachallenge to the singer's caps city for sympathetic understand- ing. He singe, but only because each feeling canot be said. Pèr feet forms of verse, like the soc not, and pregnant lines of poetry, like Pope's heroics, do not ask for tones; word-pictures, beloved of tion as works largely in "co" drawing-roome, and such descrip
|
|
osits," are suitably neither, for postry sor music; "motion-an- fitbetical, dramatic,erwift“ craves either of both; the most beautiful songs in the world are written to simple lines that put a single thought, or two contrastedi thoughts, into the most natursi words, such as:
Ha tara'd bis charger as he spoke,"
Upon the river shore, He gave bin bridle-reins s
shake, Said "Adieu for evermore,
Hy love!
Ani sdien for evermore."
or
How alow ye more, ye weary
heart,
As je were was and weary ! It was as we ye aliated by
When I was wi' my dearie. Things done, not merely seen '--engo the first; things lived, not merely thought says the second; and they say it with verba sud BOODA-The Times.
America's Shipbuilding ladustry. In an article in Everybode's Magazine, Edward Hungerford describes how up and down on both rossis of America the shit building industry bas developed. New shice of steel and wood will give America 6,000,000 addi- tional tone of botions in two Sears,
Rejection of Consump ives. The Kent Insurance Com- mittee, who recently passed a resolution in regard to
listment of tuberculous porecas. the
have received the following reply from the War, Office" All men who, on being examined, efste they have been under treatment in sanatorium, or that their names have been notified to the anatiorium authority as suffering from consumption, are rjcled 88 soon as their statement has been verified by reference to the local Buthority."
TO-DAY'S NEW ADVERTISEMENT.
OUR
་
DAY
18th OCTOBER 1917.
DRAWING OF
OF WAR
WAR BONDS
LANE, CRAWFORD & CO.
WILL PRESENT
FREE
ONE TICKET
FOR EVERY
$20.00
WORTH OF GOODS
PURCHASED IN THEIR STORE
FOR CASH ONLY
FROM SEPTEMBER 26 TO OCTOBER 16.
LANE, CRAWFORD
D & CO.
HONGKONG SHARE REPORT.
-SELLERS; SA-SALES; B-BUYERS: N-NOMINAL
-- FIRE INSURANCES. China-Fires
H. K. Fires
BANKS.
BANK OF CANTON,
LIMITED.
READ OFFICE, HONGKONG
INTEREST ON FIXED DEPOSITS:
BANKS
HONGKONG & SHANGHAI BANKING -- CORPORA
TION. Paid-up Capital ......... RESERVE FUNDS (
Sterling
£1,500,000 at 2-
-$15,000,000 Silver...$18,500,000
[$15,000.de
$33.500,0
Reserve Liability of
Proprietors ..... „$35,000,000
COURT OF DIRECTORS
Hon. Mr. S. 8; Dodwa),-""padrona". Bos. Mr. H. Holyoas-Depers Chadema) Ho, Mr E Acton, F. C. Butcher,
aking
W. L. Pattuen," Bag -
IEV.D. Patt, Ezt Webbay
OFFICIAL PRICES. BANKS. H, K. & S. Banks b.
MARINE INSURANCES. Cantons North Chinas Unions Yangtszer
$5473
}
1.
B
$320 t. 110 $770
FOREIGN EXCHANGE and General Banking Business Fransacted.
n. ex 75 $19!
D.
b.
$137 8290
For 3 Months 3% per annum.
SHIPPING.
Douglases
Steamboats Indos (Def.) b. Indos (Pref.) n. Shells Ferries
1.
n.
$81
For 6 Months 4% per annum.
BIZ
$86
For 12 Months 4}% per annum
#35
LOOK POON SHAN;
Д
B.
10716
REFINERIES.
3.
$90
MINING
Sugars Malabons
Kailans Langkats Raubs. Tronohs Urals
Oriental Cons.
$29
$29
40/-
n.
t, lå
Br
$2.50
1.
28-
321-
287-
b. ...DOCKS, WHARVES,
GODOWNS, &C. H. K. Wharves b. Kowloon Docks » D- S'hai Docks
D.
*
LANDS, HOTELS AND BUILDINGS. Centrals H.K. Hotels Land Invest. Hiphreys Est. Kloon Lands Shai Lands West Points b. Reclamations
д.
COTTON MILLS.
A
Ewos Kung Yiks b, S'hai Cottons Yangtszepoos b Orientals,
MISCELLANEOUS.
$75 $115 t. 72
יי:
Chief Manager,
BANQUE INDUSTRIELLE
DE CHINE. .......
行餓業實法中
Capital (Paid up)...Franca 15,000,000 (1/8 of the Capital subscribed by the Government of the Chinese Repub'ic)
Chairinen of the
Board of Directors Andre Berthelot, General Manager A. J. Persotte:
HEAD OFFICE:
74 Rue Saint Luare, PAKIS
**BRANCHES: PEKING. SHANGHAL TIENTSIN HONGKONG, and SAIGON,
BANKERS
In FRANCE: Société Générale pour-
favoriser le Développement du Com- marca et de l'Industrie en France. La LONDON: London County & Wast
minster Bank, Ltd.
...
In NEW YORK: Redmond & Co. In ITALY: Banca Commerciale Italina. Telegraphic Address: CHIBANKIND.. Intereat allowed on Current Accounta and Fixed Deposita. Terms on application."
Every description of Banking and Exchange basinērs iranancied.
M. ROUET DE JOURNEL, Manager: HONGKONG BRANCH: Queen's Building.
Tel. No. 255
5. Chater Read,
Hongkong. 20th August, 1917...
$30 $34.
E.
$88
S
д..
ន
$6
*38
t. 74 $80 $118
t. 163 t. 185
n.
t. 113
t. 3
11:
t. 36
Borneos
д.
$51
China Light & P...
84,30
Providents
$714
Dairy Farms-
b.
$21
Green Islands
b.
$6,90
H. K. Electrics
D.
$18
H. K. Ice Co.. Ropes
D.
$149
2.
$26
$10
Trams, Low Level n. Trams, Peak, old s. Trams, Peak, new s Laundries
$5.89
#81
cts, gu.
140
500 AK com x
by
LIING A.M. L
9.
$13
BE MIN
10 MIN.
Watsons
A.
56
1.16 ..
1.6. J.M
2.16 r..
10 MIN.
Wm. Powells
S.
$6,50
BORS J.
Morning Posts J.
KIR. P.M.
129
Steel Foundries n.
U. Waterboats
CORRECTED TO ROON THURSDAY SEPTEMBER 27, 1937.
BENJAMIN & POTTS,
Share and. General Brokers,.
Princes Building.
Tel, address: Broker.
EXCHANGE.
T/T- Demand
30 dfs.
SELLING.
*3/2
3,21%
3:24
60 d/z.......
->/236
4 m/s............
3/216
T/T Shanghai..... Nom.
T/T Singapore
13434
T/T Japan
147%
T/T India
Nom.
Demand, India.
Nom,
T/T San Francis-)
co & New Yorkf
7534
TIT Java..............................
179
TIT Marks, Nom T/T Francs.
4.38
Demand, Paris .............. 4 3811⁄2
BUYING.
-4 m/s. L/C.
3/314
4 m/s, D/P.......
3/34
6 m/s. L/C
3/356
30 dis. Sydney &
Melbourne...***.
3,356
7656
30 d/s. San Franc-1
isco New York)
4 m/s. Marke... Nom.
mis. Francs .... 4.55
6 m/s. Francs.... 4.60 Demand, Germany.. Demand, New York. 75. T/T Bombayun Demand, Bombay... Nom. T/T Calcutta........ Demand, Calcutta... Nom. Demand, Manila
^^> 151 Demand, Singaporo, 1344 On Haiphong PHOTO 44% prem. 44% prem 489/
On Saigon
On Bangkok
Bovereign
...
G.25 Now
Gold Leaf, per oz.... 45.20 Bar Silver, per oz.. 54
SUBSIDIARY, COINS,
DISCOUNT PER $100:- Chinese... 20 cts. piecas *di, Chinese...10 Hongkang 20 cts. pieces 1% prem. Hongkong 10
•
14
NOTICES.
NOTICE.
DEAK TRAMWAY CO.
LIMITED.
FIME TABLE.
NIGHT CAKE
10. ad v. V20 L 11.00 Peery half havi
11.00 1.1 11.45
EVERY QGMsr of at Luts, SUNDAYS.
LMAX SO HWAX
MIN
א 10
10:30 M
11.2010 120 Soon the Toda 10
1.30.X. O 2.6. 4.07.16.30
EATHS.
10 MIN.
It Mix. 16 MIN.
4.34г.x.
TE MINE
LUX P.K
HIGHT CAME na on Week Ejapo.
AATURITH
Raiza Carat tidnigh
SPECIAL CARE.
by arrangement at the Company's Office,
Almendra
Der Voeux Head:
- Benson „1:1 punch actele avadístie for all were not spendy foll, running at the time slated sz. the Comja ağ'a ume tables, bet not jus apvetai mark can be olated on application at tha Company's Office --No"Hestou ticket will be Gerad mit payment thereter has been ad in Bank Motan or by Chaqire or Colupradors order representing Dank Notes."
JORND. BUMPERETE & CO. L
THE CHINA PROVIDENT LOAN AND MORTGAGE CO. LTD.
(Capital Paid up.#$1,250,000.) Lawn Morgags of Room Property, de Geode zacated on Boraga. Jāvanas zuda on Marchandise LA ROACH As the Providens Eystem.
TRUSTEL, KIRJUTOR OF WHła. ATTOREST, AL. Undariakes and Barried. Chases and Particulare on ='application] To the Office of
SHEWAN, TOMES & CO.
General Managers.
MARTIN'S
APIOL&STITL
X French Mamady for all XProg¤inst(166.
wou of any irregularny of the cYNAS con Sheng Pusomatë thata, kepan disela voce Maana vet. All Chemise and Skemaani Live Poste ses Varis, of joe true_8%, PILKTEN, Chemie, Routhampton, Jug
MARTIN'S.
XPIOL
ILLS
A. H Complon, Esq.
-CHIEF MANAGER ** Bongbong-. Kendi, Ban
MANAGER
Fosokbaik. G. Gorphan, X14 London lankers-London Oparty mp3
Vestminweg, Limited,
Hoogkong-Tolèrent Allowed Dement Accounts at the rate of 3 par tours
Bone on the daily balance
• ON FIXED DEPOSITS, For mouths, 31 per cent. pOE KAZEM. For å per cest, pur sERSIO Fortwoch, 1 per cent, par SADUR
N. J. STARE.
Chief Mana$ **-
HONGKONG SAVINGS BANK
TRE Busiest of the above Bank le constuczHÓ 34 the HONGKONG AND SHANGHAI SAFKINS CORPORATION. -Bales may be obtained on application
INTEREST dayouts is allowed con dan men imem monthly balsocen as fai per coni per D.
Depositors may 1ransfer, si Louir pATION DERMA 8:00 or mors to the Haechong and Summ Rank to be placed on FIXED DEFICIT M cent per annum.
son
For the Hongheng and Shanghal Danking Comfor
www. N. J. STABB,
Chief Manages.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA
Incorporated by Royal Charter 1957-
WEB OFF (X-LORDON,
PAID-UP CAPITAL 1-2, 1800, 100 RERENCE FOND ... - RESERVE LIABILITY OF
PROPHETORS.
YORKION" ZICHANGE and Gavara) Badkame
Equiness transacid. CURRENT ACCOUNTS opened and 7:233 DEPO 128 Teceived for 2 year or snorter perioda, s rater which will be quoted on application
T. C. FOWNING,
Manage
Hongkong; 11th April, 1923,
THE MERCANTII E BANK OF INDIA, LIMITED.
Head Office 15, Gracechurch Street, London.
Anthorised Capital.....£1,500 poe Subscribed
Paid Up
Reserve Fund
BANKER
1,125,000 -562,500
600,000
The Bart of Kond The London Jolat Stock Bank, Limbadi:
BRANCH Tomlay
ralcuira
Caimeb
I khả
Galia
Hongkong
Howab.
Kande
Fert Locis (Mauritius.)
Karazhi
Kolm Ebara
Kuala Lumps *
Thanks
Репи
Rangoon
barbu
Singapor
HONGKONG BRANCH
Every dracsiption of Banking and Liaraz. business transacted.
Interest allowed on Current Acconsin'at e par cons per annum on Daily Balances, and on Flaut. Deng at rates which may be sacertained on application
C. CHAMPEIN,
Acting MacaVE),
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE:
55 Wall S New Yor
LONDON OFFICE
15. Fabopseniz, E.C
CAPITAL & BURPLUS U.S. $6,500,00 UNDIVIDED PROFITS US. $1,348,004
BON HAY
CALCUTTA CANTON CFB
MOLOX HANKOW
U.S. $7,248,000
BRAN US:-
LONDON FAN PEDRO MANILA
DE HAIN. MEDELLIN SANTO DOMING
PEXING
FANAMA
PUERTO
HONGKONG FIATA
KOBE
SAN FRANCISCO
SHANGHAI
BINGAPORE
TIENTSIN
YOKOHAM Through it. clex Nailon NATIONAL CITY BANK. OF NEW YORK,
with the Bank is able to the Service of the Emaches of that Justizacion to. Cas Sosib
· America, and alsowhere, namely:-
BAHIA, BUENOS AIRES, GENOA, HAGANA' MONTEVIDEO, KIO DE SANTIAGO DE CUBA. SANTOS,
JANEIRO
SAC PAUL, FETHOGRAD VALPARAISO,
All kinds of FOXEIGN & LOCAL BANKIN EUSIBLES zanated.
CURRENT ACCOUNTS opened net FIXEI DEPOSITS received at sates to be sacaraónæð er application,
GEORGE HOGG.
Manage. Hongkong, 26th September, 1916
THE
YOKOHAMA SPECIE BANF.
LIMITED.
Established 1880; Authorised Capital Yen 48,000,000- Paid-up Capital... 36,000,000 · Reserve Fund......
16 22.100,000. Head Office. YOKOHAMA
Arng-Haien Howley Calcutta
Daires
and
Nagamat
Norwayway Now tak Chakka
Paidna
Panction
-Hrafn Ter
Hart p
Fankow
Honolul
Habe
Tao-Jang Lendoc
1st
and hugelow
Tingiau
Artim
Sar Bhanda Bydner Ringmorte Tebil
Tootey
Thieyo
Talmanfo
Martoned on Correns deconta. Napisala ored for faed periods at rales to b
an application.
Dulate
EISHI ONO; Manager Hongkong, 11th September, 1917