EDISON LAMPS
The
Hongkong Telegraph.
**(ESTABLISHED 1881).
FROM ELECTRICAL DEALERS
-68933 五拜禮號五月九英港香
FRIDAY, SEPTEMBER 5-1919.
REUTER'S TELEGRAMS.
THE SYRIAN QUESTION,
REUTER'S TELEGRAMS.
ACUTE RUMANIAN SITUATION.
ALLIES. TO PRESENT AN ULTIMATUM.
THREAT TO BREAK OFF DIPLOMATIC RELATIONS.
Paris, September 3. The Rumanian question has become extremely acute. The Supreme Council has decided, owing to the absence of a Rumanian reply to the recent Notes, to send an Envoy to Bukharest to present a time-limit ultimatum:
In the event of non-compliance, the Allied and Associated Governments will break off diplomatic relations.
WHAT THE ALLIES REQUIRE.
Paris, September 3. It is understood that the ultimatum to Rumania deals mainly with reparations and the Rumanian evacuation of Hungary.
The Allies will insist on Rumania recognising that all re- quisitional goods, rolling stock, live stock, etc.. must be handed to the Allies for redistribution according to the proportions fixed by the Conference, Rumania agreeing to pay the Allies for unreturnable foodstuffs.
Rumanian diplomatic representatives in the various Allied capitals will be acquainted with the very drastic character of the ultimatum and the extreme gravity of the situation which will arisë. in the event of a refusal to comply with the Allies' demands.
A MISSING NOTE.
BRITISH TAKE FRENCH OUTCRY CALMLY.
London, Septembe 4.
A section of the French Press has been protesting recently against British policy in Syria, and the British arrest of Emir Said at Beirut has heightened the outcry. Some speakers in the debate on the Peace Treaty in the Chamber, referred to the matter, notably M. Barthou, who demanded that Great Britain respect the secret Syrian Agreement of 1916.
The British Press takes the outery calmly: but urges the Government to settle the question without delay and prepare the way for France as mandatory in Syria.
It is hoped that General Allenby, who is expected in London shortly, will dispel the French suspicions...
Reuter learns that Emir Said, who is a notorious firebrand and 40 ex-Turkish spy, was arrested with the consent of the French Administrator at Beirut.
BOOM IN LANCASHIRE COTTON MILLS.
EXPECTATIONS OF ABNORMAL PROFITS.
London. September 3. The boom in the purchase of Lancashire cotton mills has continued during the past month.
It is largely attributed to speculative. financial groups, who anticipate abnormal profits in the cotton industry in the coming three or four years and who are interested in refloating companies at increased valuations.
Paris, September 4.
It is generally understood that three main groups are concerned According to Rumanian circles, the Allies' long Note of August in the new purchases, in which over £4,000,000 has changed 23 bad not been received in Bukharest on August 31. The Allies hands, including £3,000,000 in the Oldham district alone. short Note of August 28 was received on August 31.
THE MINERS DEMANDS.
EXECUTIVE'S RECOMMENDATIONS APPROVED,
London. September 3.
WHERE BRITISH TROOPS GIVE SECURITY.
APPEAL TO GREAT BRITAIN,
London, September 4: A conférence of the. Miners Federation has unanimously Archangel Government have arrived in London to urge the retention Four representatives of the municipalities and Zemstvos of the carried the Executive Committee's recommendations cabled yester of British troops in North Russia.
day.
[The recommendations are:-To reject the Government's offer to deal with the collieries by purchase of the mineral rights; secondly, to press for full nationalisation; thirdly, to invite the Trade Union Congress to support the miners' demands. An official statement says it is not proposed at present to use industrial pressure to secure these ends.]
THE DAVIS CUP.
London, September 3.
SELECTING THE BRITISH TEAM.
Colonel Kingscote and Major Arthur Lowe have been selected for the British Isles Davis Cup team which is sailing for Australia at the end of October.
The third player will be selected next week.-
BOLSHEVIK REVERSE.
LOSS OF KIEFF,
A Bolshevik wireless message says Kieff
London, September 3.4 "Our enemies have taken
HUME CRICKET.
London. September 9.
The South of England beat the Australians by 122 runs. Yorkshire and the M. C. C. drew...
THE SILVER MARKET.
London. September 3.
Silver is quotedar 61d. forward and 584d. ready.
The market
is uncertain.
BOMBS THROWN ON EGYPTIAN PREMIER.
AN UNSUCCESSFUL ATTEMPT.
London, September 4. The Daily Telegraph states that information has been received in London of an attempt on the life of the Egyptian Premier.
Bombs were thrown, but no one was injured.
BELLICOSE POLAND.
THREAT AGAINST LETTS,
Copenhagen, September 4.
The Lithuanian Press Bureau. reports serious fighting among Polish and Lithuanian troops. after which the Poles sent an ultima- tum to the Lithuanians, demanding their withdrawal behind the new demarcation line. with the alternative of a declaration of war.
LABOUR TROUBLES IN MARSEILLES.
PORT BUSINESS AT A STANDSTILL.
Marseilles, September 4. Porters have joined the dockers' strike. The business of the port is practically at a standstill. The Trade Unions of the district threaten a general strike.
THE AUSTRIAN PEACE TERMS.
Paris, September 4.
The Austrians have requested an extension of two days to reply to the peace terms. This will probably be granted.
THE RETURN OF THE STORMY PETREL.
AUSTRALIAN PREMIER WELCOMED BACK.
Melbourne-August-30. Mr. Hughes has arrived amid scenes of unparalleled enthusiasin. Returned soldiers drew his motor-car, whilst the beflagged streets were packed with cheering crowds to the Town Hall, where a civic reception was held.
THE ITALIAN PROBLEM.
AN AGREEMENT REACHED.
Rome, September 3.
It is reported that Mr. Lloyd George and Sign. Tittoni have reached an agreement concerning the Italian problem-and-forward- ed a joint Note asking President Wilson to consent thereto. Anglo- Italian economic agreements have also been reached.
GENERAL SMUTS FORMS A GOVERNMENT.
-HERTZOG BACK IN DURBAN.
Durban, September 4.
General Hertzog and his co-delegates have returned from Paris.
CARDINAL MERCIER BOUND FOR NEW YORK.
Brest, September 4.
Cardinal Mercier has sailed for New York.
TO-DAY'S CHINESE TELEGRAMS.
Shanghai, September 5.
Owing to the negotiations on the Tibetan question being abruptly terminated, the Government has asked Shi Bhuj-kës; Minister in London to ascertain the polic of the British Copenhagen, Beptember 3. Government in regard to Tibet
Government.". The former Wong Yap the chief
to come.
BA SINGLE COPY: 10 CTS
HONGKONG'S SMALL COINS.
CAUSES OF THE HIGH PREMIUM.
a dollar note
$36 PER ANNU M
It seems to be fair. There are plenty of subsidiary coins about-about 26,764,370 in circu- lation. Most of this has probably gone to Canton. Sometime it may come back.”:
"Not likely." asserted the interviewer.
"You cannot say. It will depend on the market."
[Hongkong Telegraph "Special"
Hongkong residents now have] Said our representative ---" The a new burden to bear in the high banks here, you know, „are not. premium which is demanded for paying off with subsidiary coins.". subsidiary coins. The cashing of "They cannot be compelled. now entails the Subsidiary coins are subsidiary surrender of five cents to the coins. The note clearly entitles money changer. When it is re-the presenter to the currency of membered that during the course the country. If you go to a Bank of the day some people have to and ask them to cash you "a get change for as much as twenty five-dollar note, they can give dollars this dépreciation is you fre one-dollar zotes, naturally resented.
and that would be legal tender.
With a view to gleaning the If you take a cheque to the Bank, causes that have brought this to a you only ask them to pay that head, a representative of the Tele-money which is legal tender." graph this morning secured an Under the ordinary law a debtor interview with our genial has to pay the exact amount of Colonial Treasurer, the Hon. Mr. his debt. That is applicable to Mc 1. Messer.. O.B.E. who said: the Bank. Subsidiary coin is "Well, bow much have you to pay payable up to $2. If you go on a to a money changer on a dollar tram and give the ticket collector note?" Replied our representa- $5 and demand silver in exchange, tive: "Five cents." Retorted the the collector is not bound to give Treasurer: "Five cents. That's you any change. All that you have not 25 per cent. It is not so to do is to tender the exact large as to cause alarm.”
amount of your due. So also, if "You forget," said our repre- you go to a shop you will have to sentative, that it falls very tender the exact amount of the heavily on the small man. To purchase.” what do you ascribe this rising premium? Has it any relation
How long is it that subsidiary co'ns have been at a premium? to the higher price of silver ?** "We've had a sort of feeling "Subsidiary coins are Got that way for the last six weeks.' entirely dependent on silver. "Do you think that the Chinese The only question is, if money changes are manipulating you want the coin you have the market?" enquired "our" re- to pay for it," said the Treasurer. Cannot the Government in- terfere and fix the discount rate?" asked the interviewer.
presentative.
You can think what you like," regl ed the Colonial Treasurer.
“Do you think the big shops "You cannot fix the Exchange suffer by this high premium on rate between here and London. subsidiary coins ? “ enquired the So also is it with subsidiary coins. interviewer.
It is a question of supply and "I do not know; they may: demand. If you fix the discount Many of the firms would be too you will not have subsidiary pleased to get subsidiary coins. coins.""
"Why?" interjected our presentative.
"Because the people will take these coins elsewhere."
Before they would not take more re-than $2 in subsidiary coins and every year they used to write off this depreciation on subsidiary coins. They will not growl now when you give them these coins.” "You say the Government cannot interfere?" enquired the interviewer.
Certain teed
Roofing
But the export of subsidiary and silver coins is prohibited."
“Yes, but you cannot stop it. You can stop it only to a certain extent. It is all a question of "I do not say that. What do you what the Chinese feel. When the want the Government to do?" " subsidiary coins were at 10 per Asked as to where we get our cent. discount, the Chinese and subsidiary coins miated, Mr. others used to pay their men in Messer said some of the copper subsidiary coins. Then they did was minted here, while the silver not kick. Now that it is the coins came from England. We other way, they grumble." have not received subsidiary coins"
"You mean that we must bear from Home for a long time," added this new burden ?"
the Colonial Treasurer,
EAGLEIFI
& KATIWAS HOTEL
NOTICE
THE HANGMENT JEWERS
DE RATES.
ANDERSEN MEYER&0.
TO-DAY'S EXCHANGE.
The closing rate of the dollar sa demand to-day was 42 – 11-164.
THE WEATHER. Forecast-Fair. Barometer: 29.75 Tamperature 2 p.m.65. Humidity 9pm; -72
NEW SERVICE TO WUCHOW.
EXTERPRISING SCHEDULE
been
BY BANKER AND CO
Some months ago in dealing with local shipbuilding enterprise, we referred to the new · motor, vessel, the Kong Hing, which had
built to the order of Messrs. Banker and Company, for service on the West River and · such-like traffic. Since the time of the Kong Ming's launching the vessel has been on the Canton. run but Messrs. Banker and Com- pany have now decided to place the vessel on the Hongkong-Wu- chow run, and she will leave for her maiden voyage on this service on the 9th inst at. 5 pm. The ship will be wharved, in Hongkong, at the Sai Kong wharf and will be in charge of Captain Wilks. General passenger ser- vice for the round trip will be specially catered for at attractive rates, and a new departure will be that the passage fare will include meals for the whole trip and passengers taking the pleasure trip will be allowed to remain on board with mealssupplied during the vessel's stay in Wuchow. This in distinct advantage, since there is no hotel in Wuchow and the Company's enterprise in this direction for the conveni- ence of their patrons is much to be commended. The schedule of the vessel will be as follows:-- Leave Hongkong on Tuesdays at 5.p.m., arrive at Sam Shui on Wednesday, leave for Wuchowon Thursday, and leave Wuchow on Friday, arriving back in Hongkong on Saturday in the afternoon.
B
We would remind those who contemplate taking the round trip that the Kong Ming is replete with every modern convenience; indeed, as we stated previously, she is a P. and 0. boat in minia- ture. Messrs. Banker have laid themselves out to provide both business and pleasure trips in a manner that cannot fail to re- commend itself to al.
BOSCHE
SCOTTISH VICTORY LOAN INVESTMENTS.
The Scottish War Savings Com- mittes, Edinburgh, has furnished the most outstanding results în the special Victory Loan cam. paigns in Scotland. The totals are made up mostly of new money investments, only a few. areas having been able to obtain particulars of some of the con- versions made through the Bank of England direct from their dis- tricts. - Scotland's share in the Victory Loan is highly satis..." factory, and the total, inclusive of the investments made by the Scottish banks and the con- versions, is nearly £100,000,060. In addition to considerable sqms fr War Loan raised among the children attending the element- ary schools in Scotland, there has been a large increase in the activities of schools savings banks. Statistics for the year- ended August 31, 1918, show that banks have been established in: 691 schools, the amounts standing to the credit of the depositors (129,965 in number) at the end of the school year being £87,359.- The amount deposited during the year was £145,799,
DON'T FORGET.
Coronat
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