12
CHINESE BOND ISSUES.
THE HONGKONG TELEGRAPH. WEDNESDAY. MAY
AMERICAN BASEBALL
The following are the latest i
MAY 23
AMERICAN LEAGUE. Detroit 0. Philadelphia 5. St. Louis 11, New York 3. Cleveland 5, Boston 3. Chicago, Washington 3.
NATIONAL LEAGUE Brooklyn 6, Chicago 2. New York 5, Cincinnati 6. Philadelphia 3, Pittsburgh 10 Boston & St. Louis 6.
political conditions and tot recurrence of disturbing rumore the prices of the bonds have Native Bankers" Recommenfallen low. The National Bankers'
dations.
Conference was this year held results The Shanghai Chinese Bankers wherein the following proposals Association issura the following were ronde with a view to streng statement regarding recommen: thening the credit of the bands. "1.--Where according to the dations made copcerning the issue- and acurity of Government bonds: regulations of the national lomps The value of the Chinese nation payments are to be made out of al bonde had in the recent years the Salt Surplus, we beg to sd. been dealining continuously. The visa that the Government should Shanghai Chinese baokars, sering make such payments on dus the deplorable siste of the nation dates and that we may in writing al finance, called a bankers' con-request the obief inspector and ference in Dorober 1920 with the the associate chief inspector off object of solving the problem of the Salt Revenue to set on behalf depreciated Government secur- of the tiovernment on due dates!
with the A resolution was passed in jand in accordance the conference recommanding to regulations sanctioned by the the Government a scheme for the Government, consolidation of the debta. The scheme
ties
national
AS 10 SURPLUSES. was duly 2-Where according to the proposed to, and arcepted by, the regulations of the national loa Gorarament. As a result, a com-payments are to be made out of mittee for the consolidation of the Costome Surplus, wo beg to national loan service was formed advise that such surplus, after and a now issue called "the deducting the payments of in- Chinese Government Short Term demnities and foreign loans, Loan For the Improvement of should wholly form a part of the Money Market" was made to take Sinking fund and the government the place of the bonds of the First should not in future use the can- and German Year 6 per cent and of the 8th.celled Russian
indemnities for other purpose and Year 7 per cent national loans.
The committee was formed far that we may in writing quest the purpose of supervising the the inspector-general of the issue and controlling the sinking Maritime Customs, on the dates. fund of the new bands and thereby and in accordance with the reg the public confidence was greatly utations, to press for and collect stimulated. The prices of the neys from other various various national bonds began to go up and it was for the Govern ment to maintain the stimulated credit by refraining from further borrowings. The Government, on the contrary, issued bonds with out any authority in excess of the acbedute numbers.
GOT. ACT UNKNOWN.
sources to be used as parts of the Sinking Fund and to pay such! moneys into the Customs surplus for the purpose of redeeming the national lo
MAT 24
AMERICAN LEAGUE Washington & New York 5. Detroit 7, Philadelphia 6. Claveland 2, Boston 5. No other games.
NATIONAL LEAGUE
New York 1, Cincinnati 0.-Tea lanings.
נ'
Philadelphia 4. Pittsburgb 11. Boston 9, St. Louis 3.
No other games.
MAT 25
AMERICAN LEAGUE. Washington 4 New York 6. No other games.
NATIONAL LEAGUE Brooklyn 8, Philad·ipnis 7. Chicago 2, Cincinnati 2-called
Pittsburgh 7. St. Louis 3. No other games.
rain.
EXCHANGE.
Opening Rate: closing Rate or Page D.
+ cal
SELLING.
27.5/16
$41.6
Son
11236 122
195/6
T Shanghai. T Singapore.
Japan T Indix.. Demand, India FT San Francisco Į
53 New York.f TT Java
153 T/T Marks
NOT. PT Francs
640 Jemand, Paris
3-Where according to the regulations of the national loan- papmen's are to be made out of the Ministry of Communications,! Such unauthorised act of the of the Bureau of the Wine ant! Government was unknown to the Tobacco, and of other source wel "T public until March 23, 1922, when beg to advise that the Govern-Demand
10 die Sir Francis Agien, the Inspector-ment should make such payments General of the Maritime Customs, in accordance with the regula brought the matter to light. There tions, so as to duly carry out the was a panic. The prices of the regulations of the Goverument national bondsdropped low. With ano maintain the credit of the trade depression and political dis-national losne, regardleys of the turbance the panic was leading fact that the Sinking Funds ja Deadlong towards nationsi finan-fully provited for by the Salt eisrisis. It would seem that the land the Castema surplus. Chvernment was ready to do any-i FURTHER PROPOSALS.
To save thei thing to get money.
"Apart from the measures for tiovrnment from going into bank the provision of the Sinking Fund, up, and to prevent it from fur-we beg to make the following ther borrowing and thus to min-proposals concerning the issue of
at the burden of the people the national bonds: the Chinese bankers had to do 1. As it has been discovered something and that something that there are certain bonds in! to control effectively the excess of the schedule numbers, Government loans. A memo: it should be investigated as to randum was accordingly drawn whether or not such bonds have! up by the Shanghai Chinese been issued by the Government. 3) dia. Sydney andļ
Melbourne Banters Association, and sub If they were forged, the matter mitted to the National Bankers should be seriously dealt with If3d/s. San Francis-1 Conference held at Hangchow they were issued by the Govern last April. The three essentialment: (a) as securities for loans features of the memorandum are or (b) now in circulation in the sz follow:
wax
ADVISE MINISTRY.
1. The Ministry of Finance abould once inform the bankers, askociation of all particulars of the national loans redeemed and unredeemed.
-The Sinking Funds of the loang thould be audited from time to time by the backen.
time to
BUYING.
/s. L/C +c/s. D/P irals. L/C
2 84%
2 816
2/578
co New York. 4nis. Marks
1934
Nom F TO 68J
1 m/s, Francs
m/s. Franca.... Damand, Germany Demand, New York 581⁄2
"T Bombay Demand, Bombay... 1934
T Calcutta Demand, Calcutta in YokohamE...... Demand, Manila
HOTELS.
HONGKONG HOTEL
PEAK HOTEL
31. 1922.
REPULSE BAY HOTEL
Hongkong Hotel Co., Ltd.
KING EDWARD HOTEL.
CENTRAL LOCATION,
SLECTRIC LIFTS AND LIGHTING, -TELEPHONE ON EACH FLOOR. HOTEJ LAUNCH MEETS ALL STEAMERS.
Talographia Address: “VidTORIA "
Manager.
Tel. 373
J. WHICHELAL.,
THE EUROPE HOTEL.
SINGAPORE.
DANCING AFTER DINNER ET6Y
MONDAY, WEDNESDAY and SATURDAY. TEA DANO-S
TUESDAY and iHURSDAYS.
The Hotel Orchestra under the Direction of Mr. F. R. Martens.
Telephones in every Room.
Telegraphic Address:—“ EUROPE, SINGAPORE.” Telephone No. 2740 (9 lines).
KINGSCLERE
KNUTSFORD
THE EUROPE FOTEL, LTD.
ARTHUR E ODELL Manager,
HOTEL
HOTEL
MID-LEVEL KOWLOON
SACHSE, LENNOX & Co., General Arests
Are resident Managers.
PALACE HOTEL, KOWLOON.
Tel Add
Palace."
Tel So K3 Two minates from Ferry and Railway Station. Five minutes by Ferry from Hongkong African Hotel in every respe tand under Bazib managemeni. Calsize ander prmonal supervision of the Propririon, Lounge Bar and Billiard bout Terms
xderate
Special arrangementa for families on application to
J. E. OXBESRY. Proprietor
ENTERTAINMENTS.
THE
CORONET
2.30, 5.15. 7.15 and 9.15
GERALDINE
FARRAR
la
"THE RIDDLE:
WOMAN."
LAST DAY.
KOWLOON
THEATRE
NEGLIGE
DANCE
TO-NIGHT
(NEGLIGE
MEANS:
NEGLIGE).
Tickets $1.50 at Montric's.
WORLD THEATRE
PHONE. 1337
RIVER LEVELS.
As a guide to shipmasters and others interested in the water levels of the river we have been requested by the Board of Con- servancy Works of Kwangtung to publish the following table of water levels. The levels are taken at 10 am each day.
Feet
1922
Highest W. L. Lowest W. L
Place of Observation
ever recorded
Over recorded
Feet
W.LIW. L May 23 May 29
Feet
Flext
1934 122 119
Wuchow, Kongmoon, Linkonghow, Samshui, Sheklung,
West River
North
East
+19.50
-2.42
+14.70
-0.80 6.70
+57.00
0
+27.25 +15.15
23.50 22.50 -5.00 12.00 13.20 -0.98
7.31
7.01
2018 7.55
Gold leaf per Trel... - Jay Silver, ready... 3614
forward
36
Bok of England rates 47% New York/Londen... 4.4 K
market, the Government should t once call back and destroy such boads in exchange for other hands of similar value or make me provisions for the Sioking Pund, hand over the same to the Committee for the Consolidation f National Loan Service to be fic into the Sinking Funds and Treat such bonds as authorised and, Singapore. 11236
Jemand, Baturiz 151 3-In esse of new national ones.
Nom. "2-Those bands which have On Haiphong loans the Government should ati once publish all particulars in the issued by the Government Oa Saigon
time should be On Bangkok Government paper and inform all from bank-ra' associations of the same. classified and scheduled as to Sovereign
The three points were approved! their descriptions. amounts, and by the Conference and embodied listinctives numbers and should in a petition presented to these on one hand published in the Government on Apal 20, 1922. newspapers and the other hand The text of the petition ad verbelim printed in pamphlet forms to be distributed to the baker", asso- reads as follows:
"We beg to state that since the cistions in various parts of the 9th. year of the Republie (1920) country so that they may be when the measures for the cop, widely known, while others of solidation of the national loans which the issue has not yet been were promulgated, the nations authorised should all be destros ed credit has been greatly raised so that their issue may forever be and the circulation of the bonds prevented sad public suspicion daily increased. Up to the present and anxiety may be removed.
"3-The Government should "each loans 'Losted from time to time and pot yet redeemed still make express orders probibiting *mount to more than $300,000,000, the issue of national bonds in of which some are investmente future without due provision of Canton sub. coins for the foundation funds of charit-inking funds and also prohibiting able, religious and other public he pledge of the unissued bonds institutions or for the mainten-for losos so that the national
of
classes of boads may forever cease to have cartsin individuals while others are in the differentiation of valid and in- the possessions of foreigners or valid lanes and the holders and PEAK TRAMWAYS CO., LTD
ance
in circolations in the market. the purchasers of the bonds may On account of this, it is intimate-not have all kinds of unexpected ly and enormously connected anxieties.
SUBSIDIARY COINS.
WEATHER REPORT.
May 133. 115, 40m.-Pressure has decreased considerably over N.E. Japan and as Vladivostock it has increased alightly at Hong- KORK and decreased over
Formosa
A typhoon is passing over the Sea of Japan in an eastertly
direction.
The ball is hoisted half mast at the 55th minute and fall mast st the 57th minute. Should the bal fail to drop at the correct time, it will be lowered at five minutes past the bour and the ordinary routine repeated at the following hour, if possible.
Should the time ball be out of order the above routine will be carried out with the flag" Z." ou the storm sigas! mast.
PHONE
1337
Hengkong's Moss Modera Picture Palao. Entirely Badar British ManagemenL.
TO-DAY at 5.15 and 9.15 p.m. WILLIAM FOX Presents
TOM
in
MIX
THE MOST EXCITING STORY EVER SCREENED
TREAT 'EM ROUGH
2.30 and 7.15 p.m.
CHARLES HUTCHISON in "WHIRLWIND " Episodes, 10 and 11.
Usual Prices.
BOOKING. AT THE THEATRE.
Beer
Hoan Sager Ico
SOLE AGENT.
MITSUI
DAI NIPPON BREWERY COMPANY
KYSTEAPAR
BUSSAN KAISHA, LTD.,
HONGKONG.
Time signal are also given at night by means of three white UNCLAIMED TELEGRAMS. lamps mounted vertically on the Observatory wireless mait. From
A small depression formed to the south-eas of Hongkong last evening and is moving eastward.
Hongkong Reinfall for the 248h. 56m. Os. to 9h. Om. 08. p.m. the lamps are extinguisbed bonrs ending at 10 am. to-day, momentarily at the even seconds THE GREAT NORTHERN TELE 23% dis85 inch. Total since Janasry xpect at the Zed, 28b, 50th, 193% dir. 119.34 inches. against a 52nd, and 54th of each minute.
average of 23.32 inches.
Hang 50 ct. pisces
10
*
*
par
par
5 "
Hongkong, May 31,122,
VTIME TABLE.
WEEK DAYS.
1.30 4.3
7,38
Roary 11 mis
11.30
to 11.30 m. m
2.38 p.
.10
with the national credit at home eIR FRANCIS AOLEN APPROVES. and abroad, and the economic "Wo, beg to recommend the conditions of certain individuals above poposals to be carried into 12.30 in particular and of the com-effect, which have been made by munity at large. If auch er dit the National Bankers' Conference
This year.
matter should be broken down, it would of
the credit of
and
10- nation
the terests of the people. and we
thim
be inconceivable how to carry on concerns
the functions of the Government the
• BANKERS TO A881:T.
According to article 9 of the therefore anxiously wait for your Consolidated Loan Service which approval.”
For the information of the In-i provides measures for the protec- tion of the Sinking Fund, it is spector-General of the Maritime stated that the bankers shall elect Custome, a copy of the above pro- to Sir represcutatives to take part in posals was duly wont
the management thereof. We. Francis Aglen with a request of the bankers are therefore under his support. aduty which cannot be denied
In reply he expressed in a by us and ander un obligation telegram on April 24 last bir which came t be shifted to others. bearty support and approval of Now owing to the unsettled the proposals.
NIGHT CARS.
00. 1.20 » M.
3.10 p.m.
3 to 11.30 p., every minute 11.49 3.0,
SATURDAYS.
EXTRA CAR 1200 mifargəs
SUNDAYS.
4.00 p. 11 pm.
́NIGHT CARS. As on With Deti
SPECIAL CARS,
wit
10 WE
16 min
BY ARRANGEMENT AT TI1 DOMPARSʻa MIPIČJ, ELIZANTINA KOLLIESGO – pra
VOUS
OLD,
The hours refer to Hongkong
GRAPH COMPANY, LTD.
The following Unclaimed Tele FORECAST FOR THE 24 HOURS Biandard Time (9 hours of tea3|grams are lying here
ENDING AT NOON TO MORBOW.
District
Forec 1st.
N. to N.W. winds,
moderating.
1
i Formosa Channel strong,
2 Hongkong to
Gap Rock.........N.W.winde,
Strong,
South coast of moderating:
between fair. Chins
H.K. & Lamocks. }
+ South Coast of) Varizbis
China between winds, H.K. & Hainan. moderate.
1. CLAXTON, Director, 1.8. Observatory, May 31, 1922.
TIME SIGNALS.
10
The time ball on Kowloon Signal Hill is dropped daily am. and 4 pm, except on Satur [days when it is dropped at 10 am, and pl. and on Sundays and Holidays when it is dropped at 10 am, only.
Greenwich).
METEOROLOGICAL.
Barometere Temperature *** Humility Wind Direction Wind Force Weather...
Rain....
Previous +
Day
on date.
on late.
Miss Lajin 2 Seatortor." (2), from Tokohama.
Walterjing
Great
Yawochong, from Sharghal. Hupwobcheong, from Kobé. Khiantak, from Amoý.
TH. KKING.
Esperintendent.
Hongkong May 25, 1912.
Miss Liesun St. Paul's College, EASTERN EXTERSHOH AUSTRAL- from Yokohama.
ABIA & CHINA TELEGRAPH 02. Eastern
15571/22nd-Mrs. Elvina Banque of Indo Chine, from Malbourne
Hotel, from Chefoo.
Hokaiseng family 2 3ey mor
Street, from Yokohama.
Nagao Tsunekichi' Ichitossak-PO.--
29.68 29.76 29.81 yaku. Hakone Meru, from Tokio.
89
Yoshio c/o Sbunyo Maru, from
Captain Benzan Mare clo M.B.K. from Kobe.
73
75
71 76
B
61 Moji.
Sw # NNE
4
3
1
oq
0
Yutdihong, from Dairen. Wongfukwong cla 0.01 0.00 0.85 tailoy Hotel, from Shangbai,
Kir
Kwong-
Highest open
Temperature on the 30th 89 tious, from Amoy.**** Lowest open air
Hongbin Hokkee. Tekbuto-
Temperature on the 31st 72
T. F. CLAXTON, Director.
EL K. Observatory, 31 May.
13957/19th. Violet Oatmaá Young Women's Christian Asso ciation: from San Franciscs
M. EF. AIREY,
Superintendent.
Hongkong, May 25, 172
Printed and Published for the Proprietor, by Alfred Exhy
11, Ice House Street, in the City of Victoria Hongkong.