12
NEW SHANGHAI STOCK.
Municipal Bonds as an Investment.
THE HONGKONG TELEGRAPH.
PASSENGERS ARRIVED.
lites it or not, the only terus in which to think at the present junstars are of seven per cent. It may be mentioned that making
Per a PINE TREE STATE, deductions from the trend of Miss Lois Bailey. Dr. Edwia events at Home, local financiers C. Cort, Mrs. Edwin C. Cort, Dr are inclined to look for a further Hans C. F. Rummel, Mr. James The present issue of debentures reduction here a year hence, and Rabbitt, Miss Vestal Rabbits, Mr. by the Shanghai Municipal; Council is highly instructive of the attractions of this year's lost Mr. A. Morris Dixon. Capt. Phillip once that possibility is realized Damasa Sempia, Mr. J. D. Birrell, the public outlook on invest will no longer suffer from com- Davies, Capt. R. de Flaming. Miss ment. The Buriget passed byparison with 1921.
Edna Laws, Mr. G. Memache, the ratepayers authorized the
No referenca to Municipal loans Mr. Issac Marcosson, Mr. Ip Council to issue eight million taels, and on April 27 the first would be complete at the present Taung Pak, Mr. J. W. Robinson, million was placed on the market day without some appreciation of Miss Katherine Vaughn, Rer. G. the work of the Municipal Savings T. Wiseman, Mr. H. J. Timperly, offering a return of seven per Bank. Originally the belief was Mr. & Mrs. Charles H. Kattern- cent-one per cent lower than
that it would attract the in-ring. Mr. & Mrs. C. R. Powris. the interest current on the pre dividual whose saving were as Mr. Robert P. Stewart Miss vious year's loan. Two days
ticed for this instalment of the small as twenty or fifty dollara Agnes Shade, Mr. C. W. Anderson, year's barrowing to be subscribed, month, and its ambitions did not Mr H.J. Bransdon, Mrs. V. Chan, and on May 1 a further million include in their scope the man Mr. Peter L. Hing Kee, Mrs. T. with thousands at its disposal. ItM. Kennard, Mr. & Mrs. William was offered to the public. There
has not only fulfilled its purpose Lieb, Mr. C. G. Morrison, Mr. & has not been the same impetuous of bringing the small man into the Mrs. T. M. Miller, Mr. C. J. Me rush to take up this million as was the case with the first, but realm of investors in Municipal Night, Mrs. Efe Rice, Miss we understand that the amount securities but at the same time Young, Mr. & Mrs. B. Yang. has now been practically all and it be found support from the
By the P. & O. ss. Delta. Lon- scribed. In camparison with the capitalist. This is an admirable
don. Mr. and Mrs. da schievement, but it is actually
Costa, first issue of the present year and with what happened a year more important from the point three children and inft., Mr. M. A ago, this second issue may have of view of the public given rather a disappointing im that all the small people should Mr. and Mrs. de Souza and child, be induced to participate, that the Dr. Mrs. and Miss Corpran, pression, but after all it is na
principles of thrut should be Miss McA. Brown, Miss Rown- mean financial achievement to pick up that sum of money in sorongly and constantly inculcat tree. Mr. and Mrs. Van den Mr. O. Mellows, Mr. short a time within limited among their babits. The Bank, Berg,
it may be pointed out, offers its | Mackenzie. Mr. J. K.
Storrs, community such as Shanghai.
E W. Hancock. Mr. and really the only element that constituents the right of having Mr.
however, more anon.
good
Netto, Mr. and Mrs. L P. da Silva,
MONDAY, MAY
HOTELS.
HONGKONG HOTEL
PEAK HOTEL
1922
REPULSE BAY HOTEL
Hongkong Hotel Co., Ltd.
KING EDWARD HOTEL.
CENTRAL LOCATION, ELECTRIC LIFTS AND LIGHTING, TELEPHONE ON EACH FLOOR. HOTEL LAUNCH: MEETS ALL STEAMERS.
Telegraphio Address: “VICTORIA "
J. WITCHKLAL
Tel $73.
Manager.
THE EUROPE HOTEL.
SINGAPORE.
DANCING AFTER DINNER
EVERY
MONDAY, WEDNESDAY and SATURDAY. TEA DANCES
TUESDAYS and THURSDAYS.
is lacking is the intense dramatic/the interest on their investmertsE W. Jesper, Mr. R. T. Stopher. effect of the others. Of this, Paid into their accounts. This is Mr. J. H. Taylor. Mr. A. T. Cos. Besides year by year invested in further Mr. and Mrs. F. Boss. Lt. Col. J. these two public issues the Coun-issues of debentures and the re-E. Stewart, Mr. J. Sides, Mr. C. cil has subscriptions to this year's suit, as most of us could have Brit. Mr. S. C. Miskin, Mr. J. E.
The Hotel Orchestra under the Direction of were aJensen, Mr. and Mrs. Naumann.
Mr. F. R. Martens- ripal Bank amounting roughly to School but have probably since Mr. and Mrs. K. W. Tribe, Mr. F. debentures through the uni-nounced when we
third million-an eloquent the investor into the capitalist.
neglected to remember, is to turn Dunod. Mr. and Mrs. W. Shaw.
Telephones in every Room. Telegraphic Address:- EUROPE, SINGAPORE.” ribute to the success of this with such a scheme in operation Mr. and Mrs. Hatrick, Count de institution. Finally, over and
Telephone No. 2740 (9 lines). the bolder of the eight per cent. Lusignan, Mr. T. A. Ehtman, Mr.
THE LUROPE HOTEL, LTD. shave these same. 20 offer debentures doubles bis capital ir
3. Rabin, Capt. and Mrs. Fester,
ARTECH E ODELL, Manager. of conversion in the Case nine years, while the seven peri Mr. C. P. Buys, Mr. G. Gerrester, of loans maturing this year cea investment doubles in about. C. Bijl, Mr. A. Onderwyzer, has been made. and this is ten and a half. These are com- Mr. E. Levine. Mr. E. W. Simcock
3
expected to bring in another
monplace facts, but, being so,
million and a half, more or less need all the more emphasis, and
These loans are the 1902 issue of attention to them on the part of the protection they have endeav Tis: 139,500 and the short-term the lesser-salaried class will coa-loured to obtain for themselves. debentures of 1917 totalling Tribute in an unmistakable man ft is perfectly clear that the Mixed 1.361.000. With, recordingly fourį and a half milling saeis either inner to the general weal of the Court as a Chinese court has the
in prospect, the imcommunity-N. C. Daily News.
hand or mediate needs of the Council arri believed to be satisfied and the hances are that the money market will he given a breathing space before being asked to tackle 15 balance.
We have referred to the ab sence of dramatic effect in the second public issue of debeatures
CHINESE AS FOREIGN PROTEGES.
Mixed Court Ruling.
right to insist that a Chines acquiring foreign protection by means of registration, should completely divest himself of all privileges attendant upon Chinese) citizenship, not the least of these i being the right to possess landed property outside the Treaty Ports- It is a thing which foreigners cannot do under the Treaties, and By the Mixed Cours decisionantess this relinquishment is in- as compared with the first, and yesterday on the question of thesistat upon, these men who, for there is much to interest us in nationality of a Chinese who diverse reasons, place themselves considering it. Just a year ago claimed Portuguese citizenship ander the protecting arm of some Shanghai performed the dis- further stage has been reached foreign consulate. are indoitely tinctly remarkable feat of raising in this important question which batter off than others who remain four and three-quarter millions has been agitating the minds of what they originally between April 26 and May 10. not a few people in Shanghai for The context of the judgment stagnation In business, quite a time past. It will be indicates exactly how the Mixed diverting money from merchaut remembered that on at least two Court is trifled with. A Chinese. .enterprise into fixed dividend- occasions recently the matter has having acquired registration earing securities, had a consid-heen ventilated at some length, papers, will allow a case to ba arable bearing on this resul, and we understand that at leasthronght against him, and even while a second factor in opere so far as one Consulate is con judgment to go by default, then. tion was that money which hai cerned, the matter has been taken when it comes to a question of been converted into sterling at to the Consular Body. The real executing the Court's decision. the exceedingly favourable rates point at issue in all these cases is these registration papers of exchange prevailing during the whether & Chinaman living in triomphantly displayed, and the previous two years, was flowing China can scquire registration as unfortunate plaintif, who has back into taels and seeking en- citizen or subject of some gone to the expense of obtaining ployment on a silver basis. As other nation, and while the in- decision. finds himself no gredient of extraterritoriality better off than he was before so
The
cent.
to 8
of
course,
were.
Are
KINGSCLERE HOTEL
KNUTSFORD HOTEL
MID-LEVEL
KOWLOON
SACHSE, LENNOX & Co. General Agents
Are resident Managers.
PALACE HOTEL, KOWLOON.
Tel. No. K
Tel Add Palace.
Two minutes from Ferry and Radway Station. Five minutes by Ferry from Hongkong A first case Hotel in every respect and under English management, Carmine under personal supervision of the Proprietas, Lostge. Bar and Billard Boom
Terms Moderate.
Special arrangemen'a for families on application to
ENTERTAINMENTS.
THE
CORONET
2.30, 5-15, 7.15 and 9.15
ROY STEWART
and
LOUISE LOVELY
in
LIFE'S GREATEST QUESTION.
KOWLOON
THEATRE
9.15 only
THE HEART OF
THE NORTH.
CHARLIE CHAPLIN
in
WORK.
WORLD THEATRE
PHONE. 1337
PHONE. 1337
Hongkong's Mont Modern Picture Palace. Entirely Under British Management.
TO-DAY ONLY at 5.15 and 9.15 p.m.
A BREATHLESS DRAMA of COLD STEEL
and FLAMING HEARTS
"THE KISS"
J. OXBERRY,
Proprietor.
Usual Prices.
Lagers
DAI NIPPON BREWERY COMPANY TED TOKYS JAPAN
SPECIALS FRENTÓ HE
SOLE AGENT,
MITSUI BUSSAN KAISHA, LTD..
HONGKONG.
affect UNCLAIMED TELEGRAMS. PEAK TRAMWAYS CO., LTD.
GRAPH COMPANY, LTD,
Guido Bulaich s. 8. Persia, from Shanghai.
Grahamite, from Amoy. Miss Licsun St. Paul's College, from Yokohama.
Waltering Great Eastern Hotel, from Chefoo.
much as anything, however, wr the fact that whole blocks of the must creep into the question to far a vindicating his rights is i-sue were taken by individua's some extent, there does not seem concerned, and probably worse off or corporations having funds ex-to be very much difference when it comes to a question of pressly for investment in such between the question as we have considering how much money he a security.
With the exception stated it and an analogous one as bas spent in pursuit of his case. of the stagnation in business the to whether an Englishman resid- case in largely different today,ag in England could acquire This decision of the Mixed but at the same time it is notor Chinese citizenship. That really Court is to be welcomed as clear- ious that ample. money is avais the point, and it is that which ing the air very considerably. It able to cover in a remarkably the Mixed Court has now made dues not, short space of time any issue very definite ruling upon that process whereby a Consul that might be made. As this Under the decision of yester notifying that interests of his money will not be allowed to lie day a Chinese registered in a nationals are concerned in a case icle for any space of time, it foreign consulate who is named can have it brought before bis THE GREAT NORTHERN TELE- rather looks as if a certain reas defendant
suit in own Assessor and
Chinese luctance were being displayed jothe Mixed Court, will not be Magistrate and, so far as we co accepting a return of seven per allowed to ignore the processes of see, this decision by Magistrate
The following Unclaimed Tele- In this connection last the Court, but will have to appear Kwan and Mr. Blackburo, British year's loan is bound to have an and plead to the jurisdiction. Assessor, does not in any way grams are lying bere influence. A regular eight per The Court will then decide tend to derogate from the old) cent. is an amazingly attractive whether the case comes within practice. At the same time there investment and having once ex-its scope or whether, by reason still remains one point uncovered, perienced the sweetnes thereof) of protection acquired in aupon which possibly we may one: the public-in some respects aforeign consulate, the defendant of these days obtain a ruling, and very unthinking animal-will ant should be tried before another it is this. What would be the realize that seven per cent. is tribunal. For this purpose it has attitude of the Court wis-u-ris a likewise a source of great and ruled that not only will it con Chinese who, having signed a well-merited satisfaction. With sider the production of registra contract as a Chinese citizen, last year's eight per cent. still as tion papers, but will regard them subsequently and without the it were, staring it in the face, the in the light of Chinese law, the knowledge of the foreign party to from Yokohama. public forgets that the "bank rate treaties between China and the instrument changes hisi at home has come down to four foreign nations and also the nationality? Having in view the per cent as compared with six particular circumstances of the security which the existence of
Mixed and a half a year ago, and that case. Not only will it ascertain the
Court gives to War Loan bearing five per cent. where the defendant was born commerce in Shanghai, it migh: has touched its price of issup but where he domiciled, be argued that contract after a considerable" period of and, the best test of the lot with a man subject to his furisdic fluctuation at a
ba more or less whether
intion is more valuable than one holds land pronounced discount. All the in- the interior of China, As signed by a person who can only tailoy Hotel, from Shanghai dications in London are for a foreigner he cannot do this, and be brought before courts in which smaller return on fixed-interest it would seem that where & China- it is roost difficult to obtain proptions, from Amoy. bearing investments, but to per-man is proved to be the possessorer representation, and if a Chi. Yuwochong, from Shangbai. suade the public that this is of land outside the Treaty Ports Cece signs & contract as a Chinese equally inevitable and natural in he must either adhere to Chinese citizen, it would seem nowadays Street, from Yokohama. Shanghai is apparently not the citizenship or run a considerable that a change of citizenship, not simplest thing. As a matter of risk of baving his property con-notified to the other party to the fact, however, the basis of pur-fiscated. It is conceivable that contract, would sadly impair the chase of all Municipal issues adherence to this ruling will make agreement. It is an interesting to-day is a seven per cent. return it very expensive indeed for some polat and one of which we are on money, and whether the in Chinese who have registered in likely to hear fartber-Shanghai vesting section of the community different consulates to adhere to Mercury, May 12,
WAS
&
Miss Lajsin 2 Seaciortor. (2),
2684, from Hankow. Hiptaisou, from Shanghai. 5656, from Shanghai. Mansbinghing, from Shanghai. Yutdibong, from Dairen. Wongfakwong clo Kwong
Houghin Hokkee Tekhuto-
Hoksisang family 2 Seymor
Hupwobcheong, from Kobe.
TH. KRING. Auperintendent
Hongkong May 18, 1922,
TIME TABLE. WEEK DAYS. 1.09. 10. 1.00 m. 23.
Every là mis
3.00
is 8.30.
13.30 p.m. la
to 110 LE do 22.30 2.2ch
30 p. 50.00 12.00 the 1.17 p.
NIGHT CARS.
Limia
14 min
H
18 oria
10 la
3.50 p.m. 11.00 p.m. 1.28 p. 10. 1.30 p.m. to 11.30 på, every 30 mlautos 11.45 ..
SATURDAYS.
NITRA CAR 12.00 midnight. SUNDAYS)
7.30 am to 7,45 am. 1.00 .. to 8.30 x.m. 2.30 .. to 11.00 9.19.
230 am, to 11.09 sona 12.90 moon sa 1.50 5.28. 1.00 p.m. 4,30 p.m. 4.00 pm to 1.10 p.m.
Every 15 min
NIGHT CARS.
ds on Week Daya. SPECIAL CARS.
σία
FT
Featuring
CARMEL MYERS.
EXCHANGE.
BOOKING AT THE THEATRE.
Opening Rate: closing Rate
Demand 30 d/s
50 d/
on Page ii.
SELLING.
21734 2/7.13/16
IT Shanghai .....
2/8€ Nomu
11314
12742
203
4 m/s
TIT Singapore........ T/T Japan FIT India. Demand, India
T/T San Francisco
BUYING.
€9
& New York.j
T/T Jers.....
155
T/T Marks
Nom.
T/T Francs .................... 645 Demand, Paris .....
Im/a LIC.......
2/8
I m/s. DIP...AT
6 m/s. L/C
2876
2/936
30d/a. San Francis-)
6034
Nom
30 die. Sydney and)
Melbourne
co &New York)
4 cafe. Marks
¡ m/s. Francs
6.80
5 m/s. Franc8......... 6.95 Demand, Germany. Demand, New York 5916 TIT Bombay ......... Demand, Bombay ... 203 IT Calcutta
Demand, Calcutta... 203 Jo Yokohama......... 12331
121 Demand, Manila
Demand, Singapore. 11314 Demand, Batavia ... 155
1 ts
in Haiphong
Nom
10 min
On Saigon
15 min
10 Dis
On Bangkok
7878
*********.. TAD
ET JASARGUMENT AT ZED SYNTANT'A DEVIDA,
ÓN TAKE ROOD. ELITAMINA SUTLUKINO
Sovereign
Fold leaf per Tael... Bay Silver, ready... 37%
forward
***...* 37
Bank of England rates 4% {New York/London ... 4413%
·* SUBSIDIARY COINS.
EASTERN EXTENSION AUSTRAL ASTA & CHIFÀTELEGRAFE CO.
8133/11th Captain MeClay, from Uckfield.
9015/12th Carrots, from. Hanoi, Hˇko, g, 50 ct. pieces 8511/12th Mrs. Kaye Passenger Laisang c/o Ewo, from Shanghai. 11135/16th Mrs., Brewer care Indochine, from Melbourne,
M.E. B. ATREY,
Superintendent, Hongkong. May 18, 1922.
10
Canton sub, coins
par par
1/2 dis. 19.2% dis
Hongkong, May 22, 1922.
WEATHER REPORT.
May 218. 21h 10m.-Warnin to Hongkong severe typhod within 30 miles of Lat 11'1 Long 123' E. moving W.N.W.
May 22d. 10h. 55m-Waruin to Hongkong, Coast Porta, &c. :- A severe typhoon within 60 mik of Lat. 12 N. Long 1217 E. mot ing W.N.W.
May 22d. 11h. 33m.-PressU: is highest in the extreme Nort It has increased considerably Nemuro and slightly at Vladivo tock. It has decreased slightl over Luzon.
At 6 m. this morning th typhoon was in about latitude 11 N. and longitude 121* E. movin W.N.W.
At 2 p.m. yesterday a southerl zale of force 10 was reported a Cebu.
Hongkong Rainfall for the 2 hours ending at 10 am. to-day 1.14 inch Total since Januari 1st. 17.97 inches, against a average of 19.08 inches,
FORECAST FOR THE 24 HOUR ENDING AT NOON TO-MORBOW,
District
1 Hongkong
Gap Rock....
Forecast.
to
E. wind
? Formosa Channal | moderata:
3 South coast of overcast,
China
between rain, st
H.K. & Lamocks. | first,
# South coast of improving
Chiza between Ister. H.K. & Hainan.]
T. F. CLAXTON, Director."
E.K. Observatory, May 22. 1922
METEOROLOGICAL
Barometer Temperature ... Humility Wind Direction Wind Force Weather Rain..........
Previous
Day
on date.
on date.
29.70 29.71 29.68
-78
83 77 $6 92 91
E
E
2
oorlt
0.02 0.00 1.27
Highest open air
Temperature on the Lowest open air Temperature on the
21st 86
22d 76 VT. FAGLANTON, Director, H. K. Observatory, 22 May,
Printed and Published for the Proprietar, by Alfred Morjay.
11, Leo House Street, in the City of Vic