1929-12-24 — Page 1

Wethers

·

像

ASAHI

ASAHI BEER

A Refreshing and

LAGER BEER

(SAH)

Invigorating Beverage.

The very brand for all

occasions.

SPECIALLY BREWED EXPOAT

COMPANY

MITSUI BUSSAN KAISEA, LTD.

The

China Mail

BAT

EED

No. 27,370 HONG KONG, TUESDAY, DECEMBER 24, 1929.

FATE OF THE DOLLAR

Why Should Silver Be More Popular?

THE MEX. REFUSED

Preference Given To Hong Kong Piece.

BOMBAY MINT PROFITS

Why should the Hong Kong silver dollar be more popular than the Mexican dollar, as is alleged? Following the recent decision (in the interests of local trade) to make the big coin legal tender, there have been complaints about shopkeepers refusing the silver dollar and of some bus conductors in Kowloon giving preference to the Hong Kong piece. Then, again, some of the leading native banks have imported Mexican dollars from Hong Kong at a profit-and paid same into accounts with exchange banks. And some of the exchange banks have imported new Hong Kong dollars-also at a profit-from the Bombay mint. Here is an extract from an article on currency, banks, weights and measures sp ally written by Mr. E. Kann for the new "China Year Book.'

THE UNIVERSAL MEDIUM

The dollar has become very portion of the coins circulating in popular in China and enjoys an, China was re-shipped to the Unit extensive circulation throughouted States, while the major part the whole country. Undoubtedly ended in the melting pota of the dollar is destined to be chosen Cathay. the universal medium of circula-

tion in China, and as such is like.

THE "CAROLUS” Indo-China, which had become

ly to replace the clumsy Bycee a French colony in 1862, tried to

trel.

דיי

THE NEGLECTED MEXICAN

BOMBAY

GIVE SOMETHING

TO A POOR REFACE FROM SHANG HAI- FOR THE 'BUS FARE BACK

TO-DAY'S DOLLAR The closing rate of the dollar on demand, to-day was 1/7 9/16,

PRICE $3.00 Per Month.

Wasion

headache

?

PERHAPS ITS EYES!

Our careful and up to date examina- tion with modern equipment by fully qualled European optometrist, will diagnose

Jour eyouight troubles. Make an appointment to-day.

LAZARUS

Hong Kong's Only European Optician. 15, Queen's Hoad, Central, Telephone Mr. Cooper C. 2203 for appointment.

THE INDIAN THWARTING

MENACE

DEMAND FOR HOME RULE

VICEROY BOMBED

PIRATES

SHIPPING FIRMS RESPONSIBLE

NAVAL PATROLS '.-

LORD & LADY IRWIN PIRACY COMMITTEE ESCAPE INJURY STUDYING QUESTION

New Delhi Yesterday.

In the House of Commons at ques- The Conference between the Viceroyition time Mr. Arthur Henderson said and the Indian Nationalist leaders this that His Majesty's Government had by afternoon broke down on the main no means contributed to the ransom question of Dominion Status,

money paid to bandits by British sub- jects In China during the last three

UNAWARE OF OUTRAGE

New Delhi, Later.

years.

Many local residents mistook the

Mr. A. V. Alexander said that he was sound of the explosion for guns iredentisfied that everything possible was in honour of the Viceroy's return. being done by His Majesty's Navy to Hence. when Lord Irwin arrived at provent piratical outrages on British the new Viceregal House, the Muniel-merchantmen in China. pality was unaware of the outrage and As regards the methods to be adopt- ed to prevent such outrages, it was

presented an address,

Lord Irwin, replying, dealt with the pointed out that pirates travelled in fact that the centre of the Imperial ships disguised as passengers. Res tule had returned to Delhi, and paid ponsibility for dealing with this form tribute to the architects, Sir Edwin of piracy rested primarily on the ship- Lutyens and Sir Herbert Baker, whose ping companies and the civil authori- work in New Delhi formed a worthy ties aahore. His Majesty's navy ax- setting for the labours of those whose (sisted the suppression of piracy by pa- took it will be under Providence to trolling the vicinity of well-known acblevo the full destiny of India among bases such as Bias Bay in order to the Dominions the Empire and intercept pirated ships before they trusting that the qualities of unity of were brought in and abandoned. design and beauty, jained to vigour

A piracy committee, under the Gor-

Which SOVIET RESENTS U.S. se territory, and violating the in execution, may ever be reflected in eror of Hong Kong, was studying the

the Yuan Shih-kai dollar made its first appearance at the end of 1914. Since that time it has marched In triumph through the entire length and breadth of

This change presupposes. introduce the currency of the the huge country and its depen-

NOTE

Kellogg Pact."-Router.

The Mongol Republic

the work of those who labour here in the service of India."

MESSAGE TO KING

London, Yesterday

question and constantly urging upon the Chinese authorities the necessity of using every means in their power to villages. locate and round up pirates in the

Tokyo, Yesterday. The project for a new Mongol Republic, under Soviet encourage to Mr. Stanley Baldwin, and Sir John the Navy due to piracy was the cost In the House of Commons, replying

The only additional expenditure in

however, effective control over the homeland; but the attempt proved dencies. The methods adopted at DOES NOT LIKE KELLOGG PACT |ment, in the district of Barga, is Simon, regarding the New Delhi out of full expanded in special patrols.-

provincial mints on the part of the Government, so that one singlo pattern of a uniform dollar could be produced.

baso

unsuccessful. Instead the Caro- the various provincial mints where lus, and subsequently the Mexi- the Yuan Shih-kal dollar Was can dollar made up the country'sstrack differed somewhat from currency. In 1885 the first speci-cach other. In consequence there- men of the Saigon piastre was of there is a distinct want of un- struck, but as its silver content formity, but nevertheless the was rather high, it was melted legally fixed standard has been down by the public. Thereupon a fairly well maintained and the

China without dispute.

REMINDERS

"HOSTILE ACTS"

a

Reuter,

reported in oficial despatches from rage, Capt. Wedgwood Benn read Harbin and Mukden. This proposal message from the Vicerby to the King: | is likely further to complicate the "I regret to have to Inform Your vexed C.E.R. situation.

Majesty that an attempt was made this

dollar which succeeded in mala- sightly lighter type of the Sai- coin itself passes everywhere in sador, visited M..tpinoff to-day, invasion to occupy towns deserted therefore, will not be disturbed by Delhi this year, Two bombs were thrown

In the beginning of the 16th

Apparently, according to trust-morning to wreck my train by explod, from the railway. The bomb exploded century Spanish traders, from their

worthy information reaching Japan-ing a bomb under it as we were ap- before the Viceroy's coach passed over in the Philippine

Moscow, Yesterday.

ese officials, the Young Mongols proaching Delhi, Luckily, no harm it. Islands, introduced the Carolus

M. Herhette, the French Ambas-tock opprtunity of the November was done and few of us realised what had accurred. I hope Your Majesty,

PREVIOUS ATTEMPTS taining its status in Shanghai gon' dollar was minted in 1895:

In order to hand hint à commúnica by the Chinese.

Heace Hallar is exagerated reports."

This is the second bomb outrage in unt 1856. By that time it had the new coln drove the Mexican

at present held, not by Soviet re- reached a premium of over 30 per dollar from the colony and suc-

DR. SUN YAT-SEN

tion from the Rumanian Government galats, but by Mongols with Rus-that he was expressing the sentiments Legislative Assembly and five people Capt. Benn added that he was sure last March for the gallery of the In 1927 the National Govern-in connection with the action ofsian and Buriat officers, and Rus- of the House in voicing his profound were injured. The attempt to assas cent., thereby causing much harm ceeded in gaining circulation in ment. instructed the provincial Mr. H. L. Stimson, the US. Secresian arms. to legitimate trade. It was

in the adjacent Chinese province of mints at Haagchow and Nanking tory of State, reminding Moscow of this is the Russian statement at their staff providentially escaped In- Viceroy, was made exactly seventeen A partial confirmation thanks that Lord and Lady Irwin and sinate Lord Hardinge, who was then 1856 that the Spanish (Carolus)

Yunnan, dollar was replaced as book-cur-

to cease coining the Yuan Shih- and Nanking of their Kellogg Pact the Harbarovsk conference that jury from the dastardly outrage. Desirous of banishing the Mexikai dollar and to produce Instead obligations.

years ago to-day. Lord Hardinge was rency in Shanghai by the tael.

can dollar from its shores the

Hailar is occupied by Mongal Rus- A VEILED THREAT

about to make his State entry into Apart from the Carolus dollar Japanese government, in 1871, Dr. Sun Yat-sen. An old die was

a dollar piece with the effigy of M. Litvinoff refused to accept alans, and they are unable to compel

London, Later.

Delhi, accompanied by Lady Hardinge. there

the communication, and declared its evacuation. were also Peruvian, Chilean decided to mint its own dollar

The Indian Central Committee, an-bomb struck the howdah, wounding They were riding an elephant and a and Bolivian dollara current in

coin, the silver - yen.

used for this purpose, made in that as the Sino-Russian dispute This coin, 1912 at Nanking for the purpose was

The Governor of Heilungkiang der the chairmanship of Sir Sankar Lord Hardinge And killing his atten- China, but not in large quantities.

in the

almost completely settled, has reported the Barga situation to Annale, formed last year from the cant-British Wireless Service. course of less than tan of producing the first Republican all statements about joining with Mukden, and Chang Hsueh-liang Although originally introduced

years. had gained an

Indian legislature working in co- into China in the early part of

circulation. not only in Japan, but portion of 1927 and the year 1928

commemoration coin.

Mr. Stimson's action were aimless, has despatched several Mongol has issued a roport laying down "In- During a

operation with the Simon Commission,į the 16th century, the Spanish equally in China, Koren, Indo-about 150 million Sun Yat-sen

princes, acknowledging his over-dia's minimum demands"-fratly, an dollar gained wide circulation China, Stam and the Malay Penin dollars have been coined at Hang-

lordship, to Barga to attempt to explicit declaration that after the opening of Canton for aula. In 1897 the coinage of the chow and Nanking. The National

head off the independence move- Dominion Statue of India is the goal the foll foreign trade in A.D. 1757.

It Bilver

jment. уел was discontinued.

at which the British Government alma; became the currency for

inter- Since that time it began to vanishvours to procure suitable designs Government was making endca-

Japanese opinion is that Soviet secondly, the immediate substantial national transactions, and banks'

from circulation in China.

officials may be encouraging the scep towards it by conferring on Pro exchange quotations were

IN THE STRAITS

for a Dew Sun Yat-sen dollar based

Barga development in order to vinces a liberal measure of autonomy, thercon.

strengthen their claim that the and making the Government of India miles from Delhi, this morning. After the minting, of

which was meant to serve as a Already in 1886 the Hong Kong model for the Intended introduc- Carolus dollars had been discon-

Government had minted

Chinese are unable to maintain responsible to the legislature; finally dining-car door was amashed, and one tinued in Mexico in the forties of dollar, but at that time the ex-the country.

a local tion of a unifarm dollar, all over

pesce in the C.E.R. zone.

that the Government of India Act man injured. The occurrence came on the Soviet may claims that they be achieved without further enquiries from five Nationalist leaders this after- amended to enable Dominion Status to the eve of the Viceroy's conference the 19th century, rather large pre-periment had proved unsuccess- mlums were demanded in China, ful. It was, however, repeated in Chinese dollars there are 11 differ- Apart from these specimens, of

must share in policing the railway from statutory commissions etc. causing the gradual replacement 1895 by the Bombay mint, resultant indigenous dollar coins known

when the question arises at the of the Carolus dollars by eithering in an extensive circulation of to exist which were created since

coming C.E.R. conference at Mos cow.-Reuter. aycee or by rival coins.

THE "PESO"

enormous

the British dollar in the Straits 1912 in memory of auspicious Settlements, Hong Kong and Labuan. In the course of years concern as a medium of circula- events, These coins are of no

"SUNDAY HERALD" CUP

The annual football matches for the Sunday Herald" Chari- ty Cup will be played to- morrow and Thursday at Happy Valley.

•

To-morrow

Portugal and China will meet and on Thurs- day England will play against Scotland.

It is anticipated that record gates will be obtained.

Hence

ARMS FOR CHINA

ATTENDANT INJURED

New Delhi, Yesterday.

A bomb to-day hit the Viceroy of India's train, and wrecked an empty {restaurant car.

One attendant was slightly injured. The Viceroy, however, is safe.

Later. The Viceroy's train was bombed 10 A

Foremost amongst the latter is the British dollar became populartion and only destined to enrich and could only be considered as Germans Defy Order Of Indian Central. Committee, there may The whole

in North China where it was im-the collection of numismatista. ported in considerable quantities until 1914, when it had to make

THE SHANGHAI MARKET room for the Yuan Shih-kai dollar.

The cost of producing Chinese far wore of foreign origin, though ticulars from which this constant The various dollars described so Shanghai tael 0.727984. The par- dollars has been indicated as they had a considerable circula: results emanated from the Nan- tion over certain parts of China.

It is learned from

A Russian

a hostile demonstration.

Conference Concludes

Mukden, Yesterday.

ence has concluded. source that the Habarovsk Confer- It was decided to hold a formal 125, 1930.

Prohibition

TRAIN SHAKEN

train was

OVEZ.

The "Committee believes that this проп. may be "the last opportunity of the British Government to acquire the sap- Lord Irwin and his staff were re- port of all the saner and more respon-turning to Delhi at the conclusion of sible elements of Indian opinion," and a successful tour of the leading Indian the Mexican dollar which was

hopes that, in combination with the states. A bomb placed on the rulla ideas of the Statutory Commission and exploded as the train passed first struck in the homeland in

considerably 1824; there it was styled "peae."

be found a solution to the grave and shaken, but nevertheless arrived at Owing to Its superior fine content

very intricate problems.

Delhi panctually, and uniformity of composition

LARGER ELECTORATE

It is thought that the outrage was the Mexican dollar became for a

London, Yesterday. The Indian Committes detalls the rewith the Nationalist leaders.

an attempt to sabotage the conference lengthy period the most widely

In the House of Commons to-commendations of provincial autonomy used coln in the world. It was

day Mr. Henderson stated that the end the allocation of respective func-an hour in a thick fog two miles out- The tre'n was travelling at 60 miles current in

evasion of the prohibition of Generals, and requires the present party, when they heard the detonation, tions to Governors and Governor-aide New Delhi statlon. The welcome America, the West Indies, the mens there were still other for- islands of the Pacific, Japan and eign dollars current in certain work whenever the price of dol I venture to doubt their accuracy,

were so far insufficiently import and the whole of the adult population A medical officer aboard the train flest throughout the major portion of districts of that country, but to a

since the mint does not cease.

ant to justify the attention of the compulsorily enfranchised by 1981. It discovered the disaster. to the restaur Chinese Amazed Asia The Mexican dollar first amall exfent only, Amongst thesalars falls below the gure of

League Council being drawn to recommends the abolition of communal ant car, which was immediately behind entered Ching in 1854, and by were notably the Spanish Philip

Nanking. Yesterday.

them, Chinese authorities express amaze-

electro-rates, except in the cases of the Viceregal coach.. 0.728 Shanghai tael. In March of 1011 the total number circulating pine dollar of 1897, the American 1926, for instance, the Nanking at regarding reports that the ther the proposed expertation of pressed classes, and alludes to the the injured attendant, and the train Sir Frederick Hall asked whe Europeans, Anglo-Indians and deviewed the damage, and chatted with Lord Irwin. there was estimated at 500 all- Philippine peso of 1903, the Straita lars were then priced at 0.718 on proceeding to the Siberian-Man-cient to justify intervention. Mr. Therefore, It recommends "as an exprl electrically from distance of 2% Hons. In 1914, a new and formid. doliar

Manchuria authorities in any way sixteen railway mint was working, although dol

trackloads of

widespread belief that the British proceeded to. New Delhi without stop- ablo rival to the Mexican dollar Maria Theresia Thaler of 1761 the Shanghai market. As I have churian border. Officials empha-Henderson promised to consider ment that the Provincial Governments miles Today was the anniversary of

revented, the international train munitions to China was insuffi Army would be maintained as a weaping Arase in the shape of the Yuan and a rupee coin minted in Sze-shown in my book "The Cur- tically declare that military maa- the enquiry, if Sir Frederick Hall, be granted the right to raise local a similar attempt 17 years ago, when pon to keep India în subjection. Apparently, the tomb was exploded Shin-kaf dollar. Since then the shuan for use in Tibet Mexican coins have been vanishing THE DRAGON EMBLEM

reacles of China," Kelly & Walsh aures by the Soviet troops were would provide him with informa army and maintain internal security. from circulation in China. In

Ltd., Shangbal, 1927) fall-weight responsible for the inability of the tion-Reuter.

Regarding the Central Governsent, entry into Dell MARM

Lord Hardingo was making a State eign dollar coins in China indus-cribed fineness cost to produce stination.

the Committed proposes that all sub-RECONCILIATION TRIED jects except for the defence of India and foreign relations, should be trans the Viceroy received Information that It was while visiting Hyderabad that ferred to the control of ministers rethe Nationalist leaders Ghandi, Motilal Nanking, Yesterday,

ponsible to the legislature. Without Nehru, Mr. Patel, Mr. Jinnah, and Sir' two days with a snowfall, eighteen legislature would be incompetent to views on his recent announcement ro Nanking has been covered for the Governor-General's sanction, the Te Sapru, wished to give him their Inches deep. All military units in deal with the public debt, publie rewarding a round-table conférence an fecluding guards and Whampeo cadete fence forces and foreign relations and The Viceroy accordingly invited

ventes, religious affairs, British do the future constitution of India have been ordered out by President recommends that the India Office tran them to meet him at Viceregal House Chiang to clean the streeta Canton fer to the Government of Indis powers today. The meeting was additionally News Agency

to raise forms to recruit the services, important as the All-India Congress and says that the Secretary of State opens at Lahore on Thursday, to con should be masinted by two Indias Under ader the action to be taken by the Secretaries, the least one of whom Congress Party In view of its decision abond, alt in Parliament Finally, that at the beginning of the year to,

vil reais

North and South Apart from the foregoing speaking mint authorities. However, conference in Moscow on January German export of war materials electorate to be doubled immediately.at Arst attributed it to a fog signal.

in 1903, the Austrian

* 1829 they were still circulatineThe success attained by the for dollar coins with the legally pres train to proceed to its desired do

The

in the Shanghai district, but the ad the then Viceroy of Canton, 0.70811 Shanghai tsel. To this China is most desirous that neu- total was no mas large Ohang Chih-tung, to petition the figure has to be added the cost of irals visit the zone, which was "ray- ccose sttained by the Throne in 1887 for permission to minting, interest, freight and in aged by wanton ralds of 50- Mexican dollar, combined with the coin Chinese dollars. This result cidental expensex

viet troops, and that neutrals make fact that the silver

had bead in, the appearance in 1889 of

It now remains to give parti- known to the world the responsible the the first Chinese dollar coin with culars relative to the composition lity of the Soviet in invading Chin-

the dragon emb em The new

of the dollar coins current in China:

come

States ind

Gross, weight

4178

grattis

Fineness

Content of fine,

SNOW IN NANKING

in Military

srid Sapre

a campaign tish rule, if granted by