1939-03-30 — Page 18

THE CHINA MAIL TOURIST SUPPLEMENT, THURSDAY, MARCH 30, 1939.

ONY

E NAME ENDS

TTISH CREEK

AND "LONG BAY

the city

are the

and

in the

depicted on or the bene-

ad Chinese

Chinese for nunciation

nedy”. which

G) Nay Day Seng really walled-in

is is treated Watt Day and

Four charac-

SAERBERES

(Left)—A view of the Peak Tram nearing the steepest gradient of its journey, May Road, where the bridge can be seen. (Right)— Nathan Road, Kowloon, lined with trees, is one of the best thoroughfares in the Colony.

Ancient Chinese

Currency

(Continued from Page 3) at a great discount to pay the per- tury

notes with denominations such centage of import taxes allowed by as one hundred, four hundred, one regulation. The Government-bur- or one million eaux had to accept. It was said thousand "Kwan," cash, were issued. Ten years later that, principally through these the value of the notes dropped to manipulations, one clerk in the such an extent that notes with 'ag- Ministry of Finance, while having gregated face value of 120 million an official salary of 30 or 40 taels, worth 50 to 60 “Kwan," or 120 billion cash, were owned property worth only one tael of sycee!

millions!

Ming Dynasty

Squeeze Stopped

need somewhat like Guy See," meaning up- (or Ward) Street Mar- Chinese call the centre Chung Wan (middle

During the Yuan Dynasty, about It was not until the Government nd Wanchai Ha Wan (low-

1280, a certain amount of reserve had bought back the notes at a fix- -This is pronounced was provided for the issue of notes. ed price that this system of squeeze joon,” meaning corres Consequently the currency system from these manipulations stopped.

repository.

was greatly improved. Toward the Since the introduction of modern Bay "Toung Lor end of the Dynasty, however, ow- banking, more emphasis was laid aracters recognised ing to extensive military operations, on the reserve, the printing, and Co. Toong is-brass, chants manipulated the exchange issuance. With the exception of the, and Wan means bay, of notes to get profit. The value of panic of 1916 the large Government who have made a study notes dropped. Foreign merchants Bank notes were seldom quoted at · olloquialismk can only on the other hand bought the notes a discount.

name to the shape of

ing hills, resembling a

The character for

eved to have been în- arify the allusion as "Lor pronounced by mean several other

By Bay has another Chin-

which it is equally This 13 “Dung Loong means Lantern Island.

leman whose family

for three 28 far as hè.

H.B. Beer is Hong Kong's own product. Abové is seen the up- to-date Hong Kong Brewery and Distillery Ltd. plant at Sham Tseng, New Territories.

A typica] Chinese junk, one of thousands in Hong Kong harbour.

EXPRESS

YOURSELF

in

FASHIONS

Created By

Madame Sophie Costides

of

EUNICE

Peninsula Hotel Arcade, Tel 580817

YELLOW DRAGON

(IN CANTONESE DIALECT “TOO HANG").

:

THE OLDEST CHINESE

CURIO & JADE STORE IN THE COLONY.

CHINESE ART AND PAINTINGS. Also Valuers of famous collections.“

ALEXANDRA BLDG., DES VOEUX RD., CTL.

GRACA & CO.

(ESTABLISHED 1896)

DEALERS IN

POSTAGE

STAMPS