WORTHINGTON
PUMPS
The
Hongkong Telegraph.
. ANDERSEN.MEYER & CO.LTD. Â
69076 三拜禮 號五廿月弍英港香
REUTER'S TELEGRAMS.
EX-GERMAN LINERS.
THE AMERICAN BIDS,
New York, February 18. Mr. Payne, retiring Chairman of the Shipping Board, giving evidence before the Senate Commerce Committee, recommended the rejection of all bids for thirty ex-German liners just conducted, and asked for authority to renew the negotiations for the sale of the vessels for operation under the American flag.
Mr. Payne stated that the Shipping Board has already sold 188 vessels, including eighteen ex-German cargo ships, for 893,500,000 It is believed that the for operation under the American flag.
(ESTABLISHED 1981).
WEDNESDAY. FEBRUARY 25, 1920.- 日六初月正
EARLIER SPECIAL TELEGRAMS.
(From Our Own Correspondent.)
THE WEISS MYSTERY.
Shanghai, February, 24. The dismissal of the motion by the Attornes in the case of the coolie changed with the Weiss murder is probable at the Mixed Court on Wednesday. The informer retracts his story.
SHANGHAI RACES.
Shanghai, February 24. The first of the three days racing at Kiangwan has seen two In the Champions to-day Shenkoland (Mr. lady owners victors.
HONGKONG AND THE RICE TRADE.
WHAT OF THE FUTURE?
SINGLE COPY: 10 CTS.
$36 PER ANNUM.
SHERWIN-WILLIAMS PAINTS & VARNISHES,
VER
EARTH
ANDERSEN, METER 3 CO LTD
TO-DAY'S EXCHANGE.
The closing rate of the dollar, oD demand, today was 58.743.
THE WEATHER.
30.26. Temperature 2 p. 61 ForecastCloudy. Barometers Humidity 2 p.m. :-72.
pany have had ships on this line for the last two or there years, running from Calcutta to Saigon and Mamila. There have been a lot of steamers offering for Sai- gon and there is no difficulty in getting vessels as in previous On Monday we mentioned that years. The whole thing, as I American firms were attempting have said, pivote on transport to deal direct with Saigon for ation. Transportation is getting supplies of rice, thus eliminating easier. More ships: are transhipment at Hongkong. We available and this has faci- have now been fortunate in get-latated business with Saigon ting the head of a large American and caused commotion in the. firmi interested in the rice trade to Colony. It has pat business into supplément the comments that ap-channels to which it should be peared in the Telegraph of Monday long. Why should we buy rice
“It is no use," said he,
in Hongkong if Saigon is the pro- shipping stuff if you can get it by ducing centre? The business in
NOTHING SETTLED YET. direct shipment. You will realise rice locally is confinedto Siam and that every time you handle the Saigon rice. Trade in the usual'
Interest in what foro Hong- involved. It is the destre of Saigon mixed with 50 per cent is at present practically at an ebb. every merchant to get to the Siam, will continue to remain in very few can tell off-band who source of supply, as far
BB the Colony. The probability is that possible. It is impossible to say that grade, when it is in demand, Memorial Committee are to the members of the War what will happen in the future.will be shipped from Hongkong day. Rice is a speculative business to America This quality rice
HONGKONG
WAR MEMORIAL
purchasers will not be able to transfer them to foreign ownership Burkill) was first, Guiding Star (Mr. Commons) second, and Tickfield rice cargo there is extra expenses quality which means 50 per centong's war memorial should take
without the permission of the Board.
CHINESE DECORATIONS.
FOR BRITISH OFFICERS.
London, February 19.
The Gazette publishes a number of decorations conferred by the President of the Republic of China on British officers for distinguished services during the course of the war. They "include the Order of Chiabo (First Class Tashou Paokuang) on Field Marshal Viscount Haig and Sir Henry Wilson; First Class on Sir William Robertson: the Order of Wenhu (First Class) on Lord Allenby, the Earl of Cavan. Sir S. G. F. Milne and Sir W. R. Marshall; as well as many lower classes principally to officers who served with the Chinese Labour Corps..
THE SILVER MARKET.
London, February 19.
Messrs. Samuel Montagu and Company's silver report says the record fall in price of 1414 is due to temporary selling by China, combined with free selling by the Continent. A steady rally ensued, encouraged by enquiry from China and elsewhere. The substratum of strength in the silver position is evidenced by this strong reaction, despite adverse influences connected with the approach of Chinese New Year, heery sales of melted cpin from the Continent and free realisation of plate, etc. The latter is so considerable that the trade is more than supplied therefrom.
RICE EXPORTS.
INDIAN GOVERNMENT PROHIBITION.
Calcutta. February 19.
In the interest of consumers in Bengal, the Government has. prohibited the export of rice except by special peimit to countries absolutely dependent on supplies from India, when export will only be permitted in minimum quantities and if the requirements of the purchasing country cannot be met from Burma.
THE ROME-TOKYO FLIGHT.
17
Smyrna, February 18.
Two aeroplanes piluted by Lieutenants Frenraenin and Mañero, which left Rome on February 14 for Tokyo, have arrived here safely from Salonica.
TO-DAY'S. CHINESE TELEGRAMS.
JAPAN'S LATEST TSINGTAU PROPOSAL.
Peking, February 24. The Japanese Minister has called on the Foreign Department and stated that if China will agree to convert the Military Agree- meat into a Trosty, and carry out the terms, the Japanese Govern ment will retura Tsingtau to China unconditionally.
STUDENT THREATS.
Peking, February 24. · On bearing that representatives of the student parties are being sent to all the provinces, to call a general students strike all over the country, the police are taking steps to stop such a proceeding, and are trying to dissolve all Student Unions.
LOANS FROM JAPAN.
Peking, February 24. The $5,000,000 Loan from Japan has been paid over to the Government by the Specie Bank in Shanghai.
Shanghai, February 24,
The Japanese Loan of $34,500,000 has been concluded, "and handed over to the Government. The salt revenue is pledged as
(Mr. Stewart), third.
EARLIER TELEGRAMS.
WAR FORTUNES.
London, Feb. 20.
Then Select Committee has opened its sittings to in- restigate a scheme for a tax on war-time fortunes. The officia estimates the war wealth at £5,950,000 memorandum
and, recommends considering the question by comparison of the aggregate wealth of individuals at present as compared with pre-war wealth and making a graduated levy upon all war gains over £5,000. It is noteworthy bereanent that Lord Beaverbrook estimates that the tax on war wealth will yield £1,000,000,000.
Addressing the Select Committee to investigate the desirability of a tax on war-time fortunes, Mr. Chamberlain expressed the opinion that there was nothing in principle against the proposal to make a levy in respect thereof. Indeed a very strong and widespread feeling existed in its favour. The feeling that immense increase of wealth was obtained during or owing to the war while the bulk of the citizens were no better off or absolutely impoverished, compared with their previous position, created a sense of injustice and an unrest which menaced all accumulated wealth.
Mr. Chamberlain emphasised that the subject was fraught with many difficulties, and the imposition of the tax would necessitate the provision of severe administrative measures and large executive powers. While deprecating any idea to prejudice the decision. he himself frankly hoped the Com- mittee would hand the proposal practicable and approve it. He had instructed the Inland Revenue to furnish the Com- mittee with all necessary confidential information. He added that the levy would be justifiable only if the proceeds were applied to reduction of debt.
THE LEAGUE OF NATIONS.
The Hague, Feb. 20.
The Second Chamber passed, by 59 to 5 votes, a Bill for Holland's adhesion to the League of Nations.
Paris, Feb. 20...
M. Leon Bourgeois, who represented France at the recent meeting of the Council of the League of Nations in London, in a message, to the League of Nations Union says "We are well pleased with the result of four days work. We bave been able to obtain a unanimous vote on all questions on the agenda. We all realise to-day that the League of call shortly Xations is alive. The decision adopted to
Snancial conference is of the utmost importance. We are convinced the Governments of all countries will understand that in the present state of economic distress isolation can only mean suffering and reconstruction can only be ac complished by common agreement. The League of Nations is really alive, but in spite of the progress public opinion has made, the path of education is still necessary. The success already achieved should be sufficient encouragement to persevere in the work."-"Havas."
(Continued on page 2 and 3.)
CHURCH WORK
A HONGKONG SYNOD.
In connection with the Church
COUNCIL MEETING.
THREE NEW BILLS.
The Legislative Council is to of England, a local Synod was meet to-morrow, when the follow- & first held at St. Paul's College. yes-ing Bills will be read terday, the Bishop of Victoria time:
A Bill intituled An Ordinance presiding.
The Bishop gave an interesting to amend the Non-Ferrous Metal review of the history of the Eug-Industry Ordinance, 1919.
A Bill intituled An Ordinance lish Church in the Diocese, follow- ing which many subjects were dis to amend the Banking Business cussed. Mr. L. Forator introduc-Prohibited Control) Ordinance, ed the subject of education by 1919.
religious bodies, and a discussion A Bill intituled An Ordinance thereon ensued. Another subject to amend the Liquors Consolid dealt with was that of the ation Ordinance, 1911. decided that the whole island be parochial boundaries, and it was regarded as the parish of St. Jaba's Cathedral, including St. Peter's] Church, and that St. Andrew's Church, Kowloon, be regarded as a separate parish.
Other subjects raised were the ministering to the religious needs of the outports; the render- ing of assistance to the Chinese Church; the exchange question as it affects the See, concerning which & Committee was appoint- ed; and the question of Christian work amongst the Japanese com-
DON'T FORGET.
TO-DAY.
Coronet Theatre-5.15 and 9.15 p.c.
Victoria Theatre-9.15 p
TO-HORROW.
Besurity. The Loun bears 8 per cent, interest and is to be repaid inmunity, which was referred to the p.m.
Church Missionary Association,
Coronet Theatre-5.15 and 15
Victoria Theatre 8,15 pan.
In our search for in-
owing to
At times you may have freer cannot be shipped at present, formation, we bave discovered sellere in Hongkong than in as there is an embargo on the that the Hon Mr. John John- Saigon. Again, sxchange is export of rice from Siam. There stone is the Chairman, and that another element. I do not think are many contingencias, and it is Mr. R. F. Mattingley had been that Hongkong is going to pretty difficult to say what will the Secretary, but be put out of the run in rice. happen. Some American firms his recent bad state of health but the Colony is going to have sent reprentatives to Saigon The Chairman even does not nothing definite has been done. have more competition in thie with the object of investigating know much of what has happen- business. A large trade has things. The conditions of sale already been done in rice direct and contract in Saigon are a little ed. All that he could tell us from Saigon, which formerly used different from those ruling in today, when asked as to what to be done with Hongkong. That Hongkong. A great deal of the Was proposed to be done in the " is a positive fact. A great many business depends upon whether atter, was that a meeting of the Committee is proposed to be of the Chinese importers of the Saigon will meet buyers on terms called for some day next week, cereal have agencies in Saigon. which they have been accustom- In former years the business hereed to. Generally, all over the when the different schemes will
be considered. in rice used to be confined to world everything is being done Saigon and Siam grades. Owing to meet buyers' demande, and it to the embargo in Siam, there is seems reasonable that they will no Siam quality rice on the market not meet them entirely but meet here. Just what is going to them partially. I prefer to do
SHANGHAI COMPETITION. happen is a great problem." business with Hongkong, The Is it true that the dealers firms that are e tablished here
It has been foally decided by hera are trying to put down prices are undoubtedly reliable people the Shanghai War Volunteer so as to prevent America doing to deal with, and great con- Memorial Committee that a business with Saigon direct?". sideration should be given to that Cenotaph, or other suitable "It is not possible, as there is but naturally people all over the memorial, be erected on the Bund no organisation in the Colony.world want to buy where they at the end of Avenue Edward VII, Saigon is a bigger market than can get cheapest. While they are on the site orginally selected by Hongkong, and, of course, what willing to acknowledge a certain the Joint Commission appointed is more important, it is the amount for services, price must by the Municipal Councils of the producing market. The key to remain a very important factor. Freach and Foreign Settlements." the situation seems to me to be Rice is not only speculative, but Other sites were suggested. transportation. Transportation in it is handled on a close margin. but the Committee, after having former years used to be difficult. It is absolutely essential, there- given the matter full consider- It was not easy to get ships to fore, to buy from the cheaper ation, came to the conclusion Saigon. Naturally, a great deal source of supply. It would be that the site first chosen is most of the rice from Saigon moved different in the case of a com-in keeping with the purpose and to Hongkong. In many ways modity that yields big profite. So sentiment of the memorial. Saigor cannot get all the far as this year is concerned, I do Mr. R. C. Turaer, Mr. 8. J. business. Ships will go down not think the change will be Halse, and Mr. H. Boissazon to Saigon for small quantities; crucial. The next year will give kindly undertook to frame which shalt unless regular lines are us a better idea of how business conditions established, there is no doubt that is going to be effected. That is govern the competition, open a great deal of the business will the whole thing. This year is to Shanghai architecte, for for.. some
the memorial design, and they time pass through largely experimental." Hongkong. If sufficient induce- "Is this a new venture as far as will act as assessors. First, second ment is given to steamship com-Saizon is concerned?"
and third prizes of Tis. 750,. Tis. panies, ships will go down, to "Dealing direct with Saigon 500. and Tis. 250 respectively are Saigon."
for our rice is not a new venture. offered, and the competition will "I am told that a number of This year more hes been done close on April 15. The designers United States Shipping Board than in previous years on direct are limited to a cost of Tla. 25,000 vessels are on the Saigon run transactions with buyers whom for the memorial.. Rules govern- already," stated the interviewer. Hongkong formerly served. Rice ing the competition will be sent "There are already some. The has been to the Colony the most im- as soon as possible to all local Pacific Mail Steamship Com-portant business during the war." architects.
09
GABY DESLYS,
GABY
DESLYS***
Various suggestions for an al- ditional memorial of some practic. al nature have been discussel by the Committee, consideration being chiefly given to proposals for the establishment of a Com- mercial Museum. 'It was found that the Shanghai General Chan- ber of Commerce and the Chin- ese Chdaiber of Commerce were disinclined to favour this scheme, and as without their support little success could be hoped for, the proposal has been abardoned. - The matter will remain in abay- ance until the subscription list has been closed. Should funds then permit, after the cost of the Cenotaph has been met, the quas- tion of some memorial of utilitarian character will again ha considered by the Committee.
EXCHANGE.
„DROP IN SHANGHAI.
Shanghai exchange opened to- day, after the Chinese New Year, with a drop, of 31. The official steding rate for the taal is 8s. 21. The rate between the Shanghai tael and the Hongkong dollar is 654, at which business has basa done here. Tais ruling quotation is an indication that money is sheaper in the Northern Battla- ment..
Here the market continues. weak, merchants having to skille by under the gateh