i
THE HONGKONG TELEGRAPH,
LONDON'S LONELIEST
DIPLOMAT.
SILVER OUTLOOK. | DUTCH SUBMARINE'S.
ESCAPE,
OMENS, CONSIDERED
POOR.
SITUATION ANALYSED.
minted
DISASTER AVERTED DURING SHUTTERS UP AT CHINESE
TESTS.
'CREW'S FINE BEHAVIOUR.
The omens are not propitious
Submarine K 13 had ( RATOW for
the future of silver, state
escape from disaster in the course Mesars. Sumuel Montagu and Co. of tests which were being carried in their annual ballion letter. out off Christmas Island, ways a Apart from China, it has ceased Batavia message' of the 18th Inst. to be the basis of any important The submarine was at a depth curroney. Even as a material for of 4 metrek, but owing to the aubsidiary coins, its use has be- hoavy swell it was found necess- come very restricted. The proporary to go deeper. This caused tion of alloy in silver that is being the vessel to lose balance, and it dived slantingly, bow downward, has been increased by several European states, includ gradually arriving at a depth of ing Great Britain, and elsewhere 85 metres.- small notes or coins of base thetal are often employed in lieu of silver pieces. During the year under review the Royal Commission upon Indlan Currency has proposed changes which it is expected will hinder the fresh mintage of silver, a severa blow, even if redundant silver rupees at some future date be not demonetized.
Future Pricca.
As silver has lost more than a
Quarter of its value during the year, the question naturally arises whether the factors in view sug- gest recovery or whether they in dicate that the plee of the metal has not even yet fallen to its economic level.
The possibility of material re-
The opening of one of the water tanks aft did not relieve the heavy pressure
which threatened to wreck the submarine, and the big tank forward was opened. This resulted in a recovery of balanco, and the vessel pursued her course at a depth of 85 metres.
The recovery was due to the coolness and prompt action of the commander, assisted by the splendid behavlour of the crew. The occurrence proved that the 13 is capable of withstanding the most severe tests.
lowest quotations of the year were reached in the former month.
Chinese Situation. The internal affairs of China-a
LEGATION.
"DR. CHEN OF, LONDON"
Sadness, broods over the big house of the Chinese Legation in Portland-place, W., which since the spuling of 1922 has been without a Minister, says the Daily Mail.
With most of the windows shut- tered, the small legation staff, with an equally small staff of servants, move about the richly furnished rooms like ghosts of the past.
It is Dr. Wei-Cheng Chen, Charge d'Affaires, who welcomes, visitors, and though he, too, appears and, he has on occasion a most charm ing smile.
"I am an optimist about China," he said recently. "So long as there are signs of willingness to nego- tiate shown by both sides there will not be trouble. I do not think that the situation is as serious as. many people in England are led to believe.
It was in the Legation that Sun Yat-sen, one-time president of South China (he died in 1925), was held prisoner in 1896 by the representatives of the Chinese Im- perial Government. He smuggled out a message in a coal scuttle and was released by British diplomatic
duction in output is doubtful, and great silver using country-con-intervention.
a general return to a policy of linue in a state of apparently For nearly five years Dr. Chen, coining silver can hardly be ex-hopeleka entanglement: Military who disclaims relationship with pected when details of expense are leaders have come into prominence Mr. Eugene Chen, the Cantoneact 30 crucial to the crippled world. and retired into obscurity Foreign Minister, has represented A good demand may be expected Chinese campaigns have been lost the Peking Government. A Minis- from the Indian Bazaaru, despite and won, being often decided by ter-Dr. W. Yen--was appointed Indian Government disspasion of subtlety, not force. Despite the many months ago, but he has not hoarding, but any chance of an use of modern weapons-hero- | yet arrived. improvement depends upon falling
li
planes, and suchlike a strange air So "Dr. Chen of London."as he. prices. In present circumstances, unreality pervades military is sometimes called in diplomatic China in fully, if not over supplied, operations in China. A cablegram circles, reigns in diminished state and af the time of writing the out- was published in the Times of
4 Charge d'Affaires who has to come of Chinese politics is still August 28th that "Kiangnan | enigmatic.
arsenal here is working overtime go out for meals because the big kitchens for cooking Chinese food Manufacturing use of silver producing ammunition and consi
are not opened. throughout the world may be ex-derable quantities of straw sandals pected to expand with improving and umbrollas for the troops.". trude.conditions and to be assisted The disturbances caused.by con-i by a lower level of silver quota- tending war lords, however, are tions, but the process will be slow, mainly local, and the great life of though progressive; in the mean-China pursues the even tenor of time the mines of the world will its way. Trade is sometimes hin. continue to produce plentifully dered for a while, as during the and to place their output in the Cantonese boycott, but trade re- world markets for sale.
turna, as a whole are little affect-
ever,
In these circumstances, the out-ed by the internecine strife. In- Book with hardly be regarded with deed, the tendency is toward confidence, and producers will be higher figures than Fortunate to obtain prices as good materially prosperous are the as those which obtained at the masses of the people. Unrest in conclusion of the year under re-the neighbourhood of the distur view, Indeed, pressure of adverse bances is still proventing the free factors might conceivably deprean flow up-country of specie, which is prices so as to rival previous re- retained at the treaty ports for cords, and meanwhile the sale of safe custody in Increasing quanti-I demonetized rupees will probably Į ties. remain in suspense over the mar- ke, like the Sword of Damoeles,
Lost Buoyancy.
VOTES FOR FILIPINO WOMEN.
BIG MOVEMENT STARTED
IN. U.S.A.
CHAPTER FOR MANILA.
con-
Washington. Feb. 21-A certed movement has been launch- e by American women to obtain suffrage privileges for their sex in the Philippines.
This movement was revealed by the National Wo- men's party which has adopted a resolution for the establishment of a chapter of their organization in' Manila.
The commissioner
Chinese military operations are financed on lines not dissimilar from those practised in the West during the great War, though more, The resolution was inspired at Elsewhere in their report, draaile. For instance, the paper a party gathering here at which Messrs. Montaga state that the currency or "fengpiao," forced Pedro Guevara, resident commis- tendency of the silver markat in into circulation around Mukden,sioner, declared himself as uncon- 1924 WAN unmistakably down- gradually fell to a heavy discount ditionally in favour of enfranchis- ward. The helpful factors that as against silver. When it touching Philippines women. The com. made for slidiness began to fed 5.80 to the Mexican dollar in missioner said be believed voting weaken and even to disappear, so July last, Marshal Chang Tso-lin by the women of the Philippines that it became apparent, almost look the matter in hand and gave is necessary to progress and to before half the year had run its orders that his dollar must Im.full development of Philippines course, that silver was distinctly prove 50 points a week. The, ex- Government. losing the buoyancy shown in the change market not responding as added, however, that as was the last few years. The reason was quickly as he wished, the Marshal case in so many other questions not far to seek, China and India, is reported to have arrested affecting Philippines legislation, and the American government had been the great silver absorbing coun-several exchange brokers tries, had now to bear almost the merchants, who after arraignment "rubbing the cat the wrong way." Mr. Guevara charged that under whole weight of supplies, to which, before the Marshal himself, were in recent years, production alone condemned to death, and shot or the Underhit Bill, by which Fili- bas contributed some two hundred strangled offhand. The methods, pino women would be granted the and forty million ounces. During of the Marshal met with such part of the preceding decade the two countries had difficulty in supplying their demands, so that when suppiles were more plentiful they absorbed with such freedom that their markets became satinted,
speedly success as must rouse the envy of some finance ministers in Europe, for his dollar promptly doubled in value.
Chinese Silver Imports.
and, as a epnsequence, prices Net imports into China during failed to possess resilience.
1925 were estimated at 68,000,000 Falling prices further augment-standard ounces, as compared with ed visible supplies in China-the 28,300,000 in 1924. In 1920 the only important country where amount will probably be found to silver forms the basis of currency
franchise, Congress was nзurping a right which the Philippines Gov- ernment regarded as strictly with- in its province. The commission- er brought out that the Philippines Senate already has adopted a mea--| aure granting equal suffrage, a mensure which he thinks wil be- rome law as there is little evi- dence of opposition.
A delegation from the National Women's party recently obtained
be also substantial. It is possible a hearing with President Coolidge
80. much so, that a consignment that the capacity of China to in which they asked that suffrage of about 6,000,000 ounces in bars Import may increase as its gold bills be given consideration and actual that he inject the suffrage issue was sent to this market for dis-value depreciates, but posal in July. It is many years absorption will possibly be a slow into his message to the seventieth since Shanghai shipped silver to process.
.
London on the last occasion it The ability of India to absorb was in the form of sycec-though during coming years an increased frequently silver has been trans-proportion of the world's silver ferred from China to India when output for industry depends upon the latter murkot was the more a continuance of her present favourable.
Congress.
FRENCH-U. S. DEBT.
TUESDAY, MARCH 1, 1927,
DIPHENSO
WOOD PRESERVATIVE AND WHITE ANT.”
DESTROYER
Stocks Held By
SHEWAN, TOMES & Co.
Sole Agents.
Prices & Full Particulars
CHATEAU
on Application.
CARBONNIEUX
in Quarts and Pints
A really magnificent Graves
CALDBECK, MACGREGOR "&"COMPANY, LIMITED, (Incorporated under the Companies Ordinance of Hongkong.) 15, Queen's Road C.
Telephone 75 Central,
CHINA UNDERWRITERS, LIMITED. -
FOR
ALL CLASSES
OF
PERSONAL ACCIDENT
and
SICKNESS
INSURANCE
WRITE FOR PROSPECTUS HEAD OFFICE:-
ST: GEORGE'S BUILDING, HONGKONG, .. TEL. 0.112-12
WHERE COMFORT COUNTS.
In Drawing room or Nursery In the Study or Office
Eliminate dirt, smoke and danger of fire
USE GAS FIRES
Ask at the Showrooms for details and designs
10, Des Voeux Road, and West Point
77
Hongkong & China Gas Co., Ltd.
A.P.B. 11
A joint stock company with a Hastings Town Council, by a share capital of 1,000,000 Reichs-majority, han decided to instruct marky (£50,000) has been formed the Town Clerk to apply for a in connection with the new Citroen drink licence. for the new Music motor factory in Cologne. The Pavilion so that drinks may be sold Cologne-Poll Rhine works Imave to members of the audience at por- boon purchased by the Citroen formanees. firm und the manufacture of Citroen cars will begin shortly.
During a run by the Ullswater
! favourable conditions. The fact TEN MILLION DOLLAR OFFER. This unusual movement was a that the rainfall of 1926 may be danger signal too plain for any regarded as a 16-anna moonsoon
Washington, Feb. 28. plain for to disregard. Bears is an encouraging feature. The The Treasury has notified that commenced active operations, often willingnes of India to do so, how the official offer of the French The engines and some of the bodies Foxhounds, the fox took to the closed but again reopened, with ever, is another question. Details Government to pay the United
will be made in France and assem- mountains. The followers were the result that each month re-from the latest official returns, States ten million dollars on ac- corded lower average price. namely, those of 1924/25, show count of the cutstanding French blad in Colegne. The remaining left far below, but the fox was is en parts will be manufactured in killed by hounds, one of which re- Some sales of French demonetized the remarkable wave of prosperity War Debt by June 15th
From 15 to 20 cars turned to the field with the brush coin, in October and November, upon which Indian fortunes are route from Paris-Router's Ameri Germany.
will be turned out daily.
in its mouth, coincided with the decline, and the now being borne.
can Service.
FOR THE HONGKONG RACES.
The blonde, the brunette, whether petite, statuesque, of average size, or of outsize build, will find clothes for every hour of her day at.
POWELLS.
Distinctive in line and design, beautiful in colouring, mater- ial and finish, win approba- tion from the most critical.
The cultured taste which selects the appropriate hat and gown; always demands-
"FAVORITE"
SHOES
Frigidaire
Can be installed in any good Ice Box at small cost.
Fit A "FRIGIDAIRE" Cooling Coil In your old-fashioned ice box, and know the satisfaction of perfect modern refrigeration."
Sole Agents-Hongkong and South China THE UNION TRADING CO., LTD.
Prince's Building.
J. E. H.
DON'T LEAVE YOUR CAR IN PEDDER STREET.
THERE is no longer any reason why you should leave your car out in the street all day. Sunshine and rain alike cause deterioration, while meddling fingers are liable to interfere with it.
Within a few seconds of the pentre of the City, a new garage has opened where you may leave your car' or cycle with the assurance that it will be well looked aftor. It is located in the old Fire Station Building where there is ample accomodation.
Furthermore, An export staff of mochanics is ready
to effect any repaire quickly and efficiently.
:
Daytime Storage (during business hours)
All Cars.... $15.00 per month or $1.00 a day Motor Cycles $7.50 *
THE CENTRAL MOTOR GARAGE Old Fire Station Building. Des Voeux Road. Telephones C. 2190 and 4021.
Meals a
Speciality
Cafe Restaurant Parisien
Podder Building.
Music
and
Dancing