1
NAVAL AND MILITARY.
.י
Admiral Sir Arthur Larsson, the new Commander-in-Chief on the China Station in succession to Sir. Alexander Duff, is expected to
HONGKONG TELEGRAPH.
NAPOLEON OF COTTON BOOM.
THE TEN-PENNY SHILLING.
Receiving Order.
Claims for the High-Powered Penny.
reach Chica in October to take A receiving order in bankruptcy The proposal for raising the
made at Oldham against Sir Wil-valua
of tba British copper up the duties of his now post
The ex-mine sweeper, Paters-liam Hopwood, the "Napoleon of coinage by making ten pennies
equal to one shilling was advo field, late of the broken-up South cotton finance.”
Allcock It was issued on a creditor's cated by Mr. Henry America Squadron, is being got ready at Portsmouth to succeed patition, and caused a sensation in early in 1921, and was later ex- the despatch ship Alacrity on the Manchester and the county finan-plained by him to the Manchester
Chamber of Commerce. -China Station. The Petersfield fcial circles.
will be ready for her now com- mission by the end of August or beginning of September. Com mander Cucil N. Regne, com. manding the Paterafi: ld, has just bean promoted captain.
Commander Thomas H. Binney. D.S.O., chief executive officer of the flagship Hawkins. China Station, has just been promoted to the rank of captain, after service of five and a half years his late rank. His promotion,
30
A year ago Sir William was af Mr. Allcock's.proposal.in brief) director of 31 cotton companies is and chairman of most of them. But within the past 12 months be has resigned from a great many of these directorates.
MILL LAD AT 13. Few men have had a career of more surprising progress than the originator of the cotton will buying boom of 1919, and few have given more to charities in
well merited, will give so short a time. creat satisfaction to his friends in
Burn at Shaw, near Oldham, in
Maintain the present value of the pound and the shilling, but divide the shilling into ten pence instead of twelve, thus increasing. the token value of the existing penny, halfpenny, and farthing coins by 20 per cent; and ber claims, in a little pamphlet just published, that the adoption of the proposal would restore the purchasing power of the peony at home, increase the goodwill of the pound abroad, and secure, inter
China and the Straits. Another 1862, William Hopwood started the following benefits with- local promotion is that of Lieut.ork at the age of 13 as a "little out involving the payment of
State subsidies. Commander Thomas B. Drew. C.B.E., of the Hawkins., who bas Piecer" in a cotton mill belong- been advanced to the rank of ing to the Shaw Spinning Com- months of five years' service in/Flecer" and "minder" and "over tower income tax, lower cost commander after within a few pany. He became, in turn, "big
his late rank.
The 2nd Battalion King's Regi- ment at Hongkong will get a draft from the 1st Battalion in
£50,000 FOR CHARITIES.
a
Chesper postage, cheaper tela- phones, self-supporting telegrams, solvent national insurance funds,
lower
tram and
MONDAY, AUGUST " 1922.
DAIRY FARM NEWS.
BUTTER
The best known Brands on the Market.
13
Daisy 'Dairymaid"
Edam Gruyere
CHEESE
Australian Cheddar American
Picnic (Own Make)
$1.10 per lb.
$1.00
J
$3.25 per ball $1.10 per lb.
.85
.85
24
+1
.40 per jar.
THE DAIRY FARM, ICE & COLD STORAGE CO., LTD.
PROPOSED JAPANESE COTTON EXCHANGE.
The Arguments in Favour.
A3 is
Dow
оп
Bot
-
looker." and 15 years ago he
of living.
which they have actually agreed bresme manager of the newly-
| ԻՆՎ fares, cheaper Dews erected Treat Mills, at Shaw,
to sell to the cotton spinners service, simpler accounts. ensiser} Later. he was given a seat on exchange calculations, foreign
here, although this policy of keeping the goods abroad [i.e. in Ireland in the coming trooping the board of directors of the com- trade facilities, decimal coinage
India] in this way involves alterwards became without tears, revitalised charit-
(deterioration in season. The 1st Battalion is part Pany, and
quality able institutions, penny cheque of the 25th. Provisional Brigade at chairman.
account of the monsoon. stampa, penny packets of better No industry in Japan has made should an exchange be establish Doblin, where the Irish warring
value, and the restoration of such remarkable progress in so factions had some tough fighting. the.. King's and other For years pas: he has been countless pre-war pennyworths short a time as cotten spinning.ed in Osaka, goods bought will British looking on-in reserva otable figure in Shaw, but it was for one penny, payable by the old Spinning with spioning wheelsbe freely imported to Osaka and and enjoying the spectacle of during the great cotton boom that familiar peans coin-without had existed from time immemori- Kobe, and foreign consignors will would-be rulers of Ireland giving followed the war his name became giving or receiving change-stal and remained unchanged until also readily ship goods hare for commission sale. Seeing that ach other, what both used to kLown almost throughout the a price of 20 per cent less than a few decades back. As for cos there are always large stocks of give to the troops.
world because of his many com-the present charge of 1143. ton-spinning each Captain V. E. B. Phillimore,pany flotations and the large i
BAN ON HOARDING. carried on in all parts of the raw cotton in Liverpool and Bremen, more especially in Liver- D.B.C., C.B.E, has just gone on sums he gave to charities.
To prevent the boarding of country, with branch mills in
there are large retired pay. He did good work He bought land for a park and coppers in anticipation of their Shanghai, Tsingtau and else-pool, where in the late war as an armed liner bowling green and other rec-higher values, the Government, where, lit has been literally quantities of Indian cotton which skipper and as a light cruiser reation grounds, built institutes says Mr. Allcock, might an-ported." No Japanese mills are so is not required for consumption captain, getting mention inter various religious deacuria counce the change without thoroughly Europeanised as the in England, the promoters have despstobes, and the C. B. E forations. presented organs, and giving notice (as in Budget cotton mills. It is an industry Do doubt whatever that the pres-
ence of a well-organised his services. When he won his augmented local Church livings variations of duty). Prior to the worked by methods entirely im- change in Osaka will attract a D.S. O., be was a lieutenant of in the district. He also bought official announcement the Gov ported, with machinery practically craiser on the Cuina Station, an orpaan home for the Order of ernment could doubtless arrive entirely imported. With 4.113,000 Teat deal of foreign cotton to and with a party of his men at Buffaloes. It was estimated inst understanding with spindles actually in operation Osaka and Kobe, sad make the the action of Tientsin, June, 1900, 1920 that be bad given at least some of the principal proprietors (against 51,163,000 in England). Place a central mart for raw co- went to the rescue of a balf £50,000 in this way, and at that of penny basis goods and services Japan now consumes 2.200,000 too, and place the control of the battalion of American marines time he was reputed to be to the effect that a general redus (bales a year (against 2,300,000 cotton business in the Far East in who ware being cut to millionaire.
tion of their prices would come bales in England). The discre- in the hands of Japan, inasmuch as China will also come here for after another, in 1919, into operation simultaneously panty in these figures is due to foreign cotton which she requires pieces by the enemy fire. They - had
10 many
the cotton spinning mills fell into his with the adoption of the high the coarseness of the counts spun for her spinning operations. The wounded they could not have extricated bands, and their shares jumped value penny. For example, the in Japan, the large amount of advisability of keeping the coun- not been up in market value to such an general restoration of "penny "waste. and the working of the trg always well supplied with raw for the able and timely support be extent that many fortunes were fares for pre-war distances would mills right and day. But Japan cotton is also obvious from the rendered them. Lieut. Phillimore made. For a time everything alone serve to bring home to the produces 20 got the D.S.O. for his excellent that "Billy: Hopwood touched public the merits of penny of small quantity in Korea. All for fact that, despite cotton spioning seemed to be sudden prosperity.higher value. When making this practically all the raw cotton is being ber most important indus- The light cruiser Despoteh. In 1919 he bought up 30 mille; by announcement the Government supplied by Americs, India and Japan is entirely dependent which commissioned at Chatham the end of 1920 bis deals to:slled should remind the pablic that the Egypt, more than 90 per cent. of on foreign nations for the supply on June 15, was ordered to leave over £30,000,000.
penay is legal tender up to one the quantity being represented by of the raw material essential to Sheerness July 3 for the China
shilling only, and also declare shipment from america and India the prosecution of that industry Station to relieve the Curler. Shel **WIZARD" PROMOTER. that all existing penny-basis con- together. But so far Japan has and she is thus exposed to the is the seventh vessel of the "D" In the earlier days of the boom. tracts could be precisely main had no Raw Cotton Exchange. Constant danger of having her class to join the sea-going Fleet. soon after the atmistice, he was tained by deducting one-zixth So the agitation which has lately supplies cut off by war or other-
wise-apun Chronicle. five being attached to the Atlantic living in 4 six-roomed house from the number of pence now been started by the Osaka dealers Fleet and two to that in Chine, where he worked on his big paid.
in raw cotton for the establish.
themselves had it
work.
KEEN SPORTSMAN.
of
ап
cotton except &
MASTERY OF THE COTTON
PEKING MUNICIPALITY.
Introduces Broad Cart-Tyres. Peking, July 21-The Peking Municipal Council has suddenly seen the light. They have order ed samples of broad tyred wheels, from Tientsin with a view to in- troducing their one on the carts'
to be four or four and a half inches of Peking. These new tyres are wide.
To the latter will be added a third, scheme in his shirt sleeves. He In the adjustment of amounts ment of a Raw Cotton Exchange the Pinmede, at an early date in was regarded as a "wizard" in expressed in £ s. d. attention need in Osaka is what might be expect place of the fam. On her passage his mill dealings, and it was said be paid only to the odd pence, ed not merely from the important to Singapore, where she meets of him that Billy buys cotton since the value of the pound and role played by cotton in Japanese "Farfed, the Pespatch will call atmills like another an bass the shilling would be unaltered. ecotory but also in view of that
Gibraltar from July 1 to 14, and bottles of beer."
These small adjustments would be predilection for speculation which et Malta from July 16 to 20. She There was no formality in his facilitated by the fact that there is not among the least outstand- is due at Port Said on the man method of doing big business. He would be eight equivalent price ing features of Japanese traders. ing of July 24, and after passing issued no elaborate prospectus. stages in every shilling, because through the Canal will be at He paid no percentage to under each 136d. ald-style pence would Suez on the evening of July 27writers or brokers, and saved be precisely equal to 194d, high-DUSTRY IN THE FAR EAST. From a pamphlet supplied by Calling at Aden from August 1 to cousands of pounds by avoiding value pence.
the promoters of the scheme, the and at Colombo from August the printing and postage
NOTES, GOLD AND SILVER.
Perhaps their mind bas changed 10 to 14. she will reach Singapore millions of prospectuses.
The values of all notes, gold immediate cause for which the because of havoc wrought by the the afternoon of August 19.-
cut broad-cast, but were posted pound would remain unaffected, seem to we-the report that a large Chin Tze and other macadam These notices were not sent and silver coins relative to the agitation has been started would military carts which ruined Naa China Express and Telegraph.
only to a few shareholders who, but they would be exchange raw cotton exchange is in con-
streets during the movement of aumtemplation in Shanghai. Though the last few months when the inte
smaller A CURIOUS SCENE AT MIXED he knew, would respond. The able
one-China is one of the chief-cotton- COURT.
public faith in his
ber of peace (precisely honesty Disorderly scener
were wit and in bis judgment was the sixth less than at present) by producing countries in the world. materials left behind by Marshal nessed at the Mixed Court keynote of his remarkable career, reason of the higher value of the the recent development of cotton Chang Tso-lin at Nan Yuaz were Men. These carts with their Sbangbai. last week. when a man. On one Botation £150,000 was penny. No new coins would be spinning there makes it necessary carted somewhere north of Anting required, but the unpopular three- for her to import foreign raw inch and a half iron rims cut a suspetted of causing the death of subscribed in 24 hours.
penny bits could be withdrawn at cotton on an increasingly large road to pieces faster than any his wife, was released by Magia. trate Loh and Mr. Mead on the
convenience, and the sixpenny scale. and deals are sure to be application of Mr. Tycho Wing Sir William is typical Lan coins should preferably be describ conducted on the exchange in known instrument. Despite the Some weeks ago the woman died cashire man, and is extremely ed as half-shilling pieces, ex. foreign cotton as well as in native road repair work that has been suddenly. When evidence at the interested in sport, especially changeable into five high-value cotton, for which there already going co during the spring and inquest showed that the parties cricket, swimming, and pigeon pence
exist many exchanges. If large summer the Council apparently had had a bitter domestic quarrel. racing. He gave numerous cups British ex-porters and others cotton exchange were established finds it a hopeless task so long ne the man was detained on
steam roller and make negatire SUB-for various branches of sport, and could forthwith express all £.&.d. in Shanghai to reinforce China's carts are allowed to follow the
spinning picion. When he was
its work. again two years ago inaugurated the values in pounds and decimal rapidly advancing
which is already brought into Court the bench de-Hopwood Marathon race.
parts thereof at sight and without industry,
. menace to the cided that death had been due to In spite of his rise to great adjustment an improvement regarded as natural causes and discharged the wealth, Sir William seems always which would be much appreciat-industry here, whereas there is defendant. Upon bearing the de- to have remained the shrewd, ed in exchange operations and inno cotton exchange in Japan, it cision, thres women, relatives of hard-headed Lancashire worker the conduct of overseas trade is feared that the control of the The deceased, began to cry lustily in bis tastes. Only last autump generally, since all the foreign cotton industry in the Far East for punishment of the husband be challenged Mr. Robert Barker, monetary
now will ultimately pass into Chinese and for compensation. With some M.P., to a homing pigeon race for decimalised. At convenience this hands.
That no cotton is produced n difficulty they were ejected from£1,000 a side, between the birds of alternative practice of expressing the court room, but their indig the Sowerby Bridge Homing shillings and pence as a decimal Japan, it is pointed out, is no that nant screams were still easily societies and those of Royton. fraction of the pound could be objection to the establishment of material had been lately stolen. audible from without. A few When be made a tour of Europe. gradasily extended until it be such an exchange hers. Britain, from the new Kung Ping Cotton minutes later another laterested over a year ago, he brought from came universal, thus securing the Germany, France and Holland Mill, 200 Pingliang Road. This party, sitting near the dock, went Rome a crucifix given to him by admitted benefits of decimal are purely consuming countries material was found in into hysterica. Heavily built, the Pope, to be set up in St. coinage for the entire British in so far as raw cotton is con- bamboo buts along the New every attempt to remove her at Joseph's Roman Catholic. Church people by easy and imperceptible cerned, and yet there are raw Woosung Road. The Japanese firat proved unavailing, while her at Shaw, a building newly-azect stages, without requiring any new cotton exchanges in Liverpool were set upon by the Shen- shrieks were deafening. Once ed at his expose.
coins or further alteration of coin sod Manchester, Hamburg and tung men, of whom about 200 are among her friends in the com- A good story is told of his visit values. In the meantime the man Bremen, Havre and Rotterdam. reported to have been engaged pound the uproar commenced to Monte Carlo, He was informed in the street could continue to It is owing to the absence of such the disturbance. afrasb. When abe at last was that he would be required to wear employ the old £. s. d.cash ruling an organ of disposal here, that dragged into Chekiang Road, evening dress, whereupon he instead of the comparatively un- the Japanese dealers who have growing crowd of coolies listened replied, "If they say now to me familiar decimal point, and yet bought raw cotton abroad are to her story, but did not seem lo as to what I mon do I'll buy th enjoy many of the advantages of prevented from shipping or be affected by it. Police assis-place and reßoat it."
decimal coinage by reason of the releasing from time transactions taocs had to be called again and He was created a knight in 1921 elimination of much compound on exchange in the country of origiir goods other than those this time peace was restored.. for his public services.
srithmetic from his accounts,^
ате unite
FRACAS AT SHANGHAL Serious street fighting took place between Shentong coolies and Japanese outside the Tater- national Settlement at Sbaughai: last week, when a number were injured on both sides. It is thought & quantity of building
Visitors always welcome » VICTROLA
some
J.T. SHAW
TEL. 692
CLEARANCE SALE
AN ENTIRE LOT OF NEW GOODS WIEL BE FOR SALE
COMMENCING
JULY 31st
WAIT FOR BIG ANNOUNCEMENT
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