1893-07-14 — Page 2

INTIMATIONS.

BROWN, JONES & CO.: DEALERS IN

AMERICAN AND ITALIAN MARBLE, AND HONGKONG GRANITE, CEMETERY MEMÒRIALA, Designs and Prices on application. Offca, 49, QUEEN'S ROAD CENTRAL.

1393

A. S. WATSON & CO., LIMITED.

CHEMISTS BY APPOINTMENT.

ESTABLISHED D. 1841.

MANUFACTURERS OF AERATED WATERS.

The parest ingredients only aro 18el, and the

magEssture troughout.

COAST PORT ORDERS,

whenever practicable, are despatched by first

leamer losing aftae receipt of order.

For COAST PORTS, Waters are packed-and- played on board ship at Hongkong gelous, and

ties who' received in good condition.

plication.

THE HONGKONO DAILY FR888, PAIDAY, JULY 14em, 1808,

SELAMA TIN MINING COMPANY,

LIMITED ANNA

SUPREME COURT

19th July.

IN ORIGINAL JURISDICTION. Berone H HONOUR ME, FIELDIND GABE, CHERP JUSTICE,

A BRITISH DOLLAR FOR THE FAR EAST. WOULD IT FAT?.

for cheions resume, unable to aghs riba to such

solution.

penny pa

lieved of the danger of these being forced to a premiuca, because the moment lliny rose above their intrinsic value plus cost of

Government is evidently reived not to pay it.bouely on the prinction of yan ku this buck at The Colony of Hongkong was glad to dissoa- the bapanse of the Japiness taxosfer, in the 'minting it would pay to mint the British Company was held yesterday, afterunga at ho An extraordinary general meeting of the above

tinuo paying if axoo a possible. dollar ju such quantity as the requiremeats offous for the purpose of considering areolabion

18oreover it is not as if it were a gues sernments of Eampa foster the praturtion of that, after due and ample notice extending, it me sauber that same of the Osatireutat fo The course which commandé'Itself in tim is tion of simply providing a conptry (win much a hast sugar by heatówing a bodaty ma the ex-may be over 18 months, the Merican and yon bi of the market might demand. The British for winding up this Company under the provi

country a China) with idolwags, and then mains portar of dollar would be the standard of vakio Grange coupled the chair and there were also alous of the Companies Ordinspoes. Ark, I

taining it. Eren that would be serious soengh

demonetized and a British trade dollar weigh The posuzsion of this privil we by the Janine 413 grains and of 900 parts of pure silver to and all other dollars would have to con- presezi Messen D. Guded, W. B. Ray (directors), rHE YANGTSER INGVILA DE COMPANY,

Bat it is labour of Sleyphus-to producon Bank, supled with the fact that Japan lies 100 of alloy should be accepted as lagal tender handeurs dollars to England as fast as Chinese on the dinot bulling rate from California to droughest the Settlements. form to it. It might not ho absolutely J Maalehoun, W. Leggs, U. A. Tomas, R. K. Doecon) applied on behalf of the Yeacties Inver, and they add, Why this should be an ohsaper-Japanese yon so long as the latter is Indeed great insovaniens remaking to trade?

W. IT, Wickhu J. B. Coughtrie, B. C. WHook,

Dan melt them up la Chins. As the Commis China and the Stil, will, in my opinion, raak 1 his would not be unfair to Mexico, whoss nccessary eron that the dollar should be a Leigh B. C. Ellis (alicitor), and W/ II. Tatts sarines Company. Limited, for the counstion does not ennern us here; it is salient that legally oumat at sinapore. Even if a British interests in the East, and with regard to

Mr. A. J. Lunch Gastrusted by Me... HChinese take duins by wight, simply as mass of par sont, to nis) to hold its own against the to violent, obnages without any corn for, at d Aioners point out in the report 1 hare grated, it galte impossible for a British dolar (couting 2 dacal regulations have fraquently been anbiet metallic one; it might be a nota represent

(Secretary). ing a ortala quantity of silver.

The Secretary read the zotico convening the capital of the Company on the recund that it

by the Court of a special relation tor dses tol is the. Exot,*** It was moating. suggested long ago by the home Govern-

The CHAIRMAN-Gentlemen, at the private pany p

was in egossa of what was regnired by the Com was a disastrous falls in Hongkong hu boss, then held its own in the protested and independ- if indasd all the formalities saisite for its legal 14.-It may be urged that the mint which taboord, the latter sniz would probably more raised to its demonetization within the Colony ollar was introduced in Singapors and the yen yon, it is belased little or no objection would be meat to the Straits Settlements that there operations of the Company during this year, and appaartar in position to the appli ation, which the Techniant Adriser of the Japan Mias. I may add bars that the yen ta airway truly one or two of the Banks to this proposition on the

moting held just now I entered fally into the alwould be a Government nota irse against the reason whick bave compelled the Board to his Lordship granted in a lengthy order.

The presedings were paraly forms?, no ena

nder very much more economical management. Jenf. Nativa Stoles which only Bingaporo with recognition have been complied with. &adges In Japan. A letter from Mr. Gowland, he grater part of the produse shipped than silver bullion, a scheme which has much to recommend to you the disclation of the Cons commend it so far as internal circulation is very lasatrons; the original discovery at Salama pany. The whole history of the Company Is

alwolarly that this difference of result has damtolled at Amoy and Foochaw.

Objatinas bars, however, bunn advanced by concerned, though naturally it does not demptive in the extreme; it was hard to bo

followed from entirely different: gironmstances. The Japanes fint has coined gold sad dapper of a British lae fo the Straits, I hava par would becerily by imported for distribution to In vastasing an opinion as to tho aptability old got balurgs and that, as Foreign cniu. aruand that the monopoly of the British datiar meet with the approval of the powerful love that the rich ors found was merely a pocket

swell ne silver, and has leaned absidiary silver ban gone outside the question, and will mo Biam Scontra, and China, the Megies must banking intereat, nor would it be adequate but our costly experience proved time we gould and that nothing else was to be discovered there,

soin of a mnoh lower 'andard than wo old los mylt to giving my idea or formed contina to circulate in ile Colony if and when for the external trade of this Colony, in con-not strike the lode, ita lola indeed existe. On

venture to create here. Silphuris sold and from a purdy local point of view. soda works have been attacked tɔ̃ tho mais entor Our New Facrour has been recently refitted coin have almost daily to be sout into the Perak Gossament gave a generous assistance any be asetat as well as intorting to reproduce pablic to pay pas per cent, to have it gained, the surrancy beanok a4 and available for use at their bok, are a large consumer 9 well as nection with which large quantities of silver Mabols and Takku, zeezaad soollent. The coinage of a British dollar for the Far East it onin, but the last remains that, whilst it bare bag onstaully made from China, Japan. the nighbouring contra-it must ant be over-

the failure of Belama, the prospects at Hinnda

prie es so suxiliary are of profit. The the reserra tavis of loreign Binks are to a dollar as they propose would shortly, whatever La a great trade centro ka Hongkong, where In connection with the question of the Japanean you is a haulama ani traatworthy great patent kept, and on which moustary estis may by the oss in China be as reality taken for

Fat the canes prions, the British deltar.

But the Comitive are of opinion that cok with cutmatie Steam Machinery of the latest interior of China, where the notes would and a liberal concession, la recozuition of our some of the correspondenos that took place when payment of ono par sent. has not reunorated in the stars. This and tions is talalle by distributing sautre of asia, and if accspred as and most approved kind, and we are well able to con sale in quality with the best English makers (not freely puss current. In respect to the places showed the exisiones of steamely the question was inst mooted. On thist cosaston the Japan Govaroment. 1 would bepak Marione dollar and to dister artont be the legal loader in Hongkong, the lacons menco at only occasionally been worth the while of the and the Stealts. It is most important that the looked that these Sattlernauta, with the Poinsula exertions and expenditure. Continued work at our external trade; therefore, we are promising badea, but a fands grew low Tekks as the Singapore Chamber of Comme took the apesial attention to Mr. Gowland'e latter, which silver pen, but although, as slready mantard, frat sarily athen subpon substitution of a thrown back ou utinert enra and cleaulinens are exerciset in thn vor dollar, which might simply fulfil the while Bloada Merk was temporarily elemei; ¦ Governments of the two dobulas and botwen

a standard Britib sil.zing the more certain, was pesaded with, load and gomranntentions passad beban the to me to leave no question op for dishe you fade recognition at Arany and Foooow, British dolle would not hear cowparison with functions of a standard as long as other not fulfiled. Extremely rich deposita wes

however, the promise of the Takka lode was the Chambers,

cosalon. coins of equal value could be obtained more found at about 50 ft and the shaft was REPORT RY COLONIAL TEXASUKE. HONGK wat dollar hovering only just above 3 well sien dollar, I ha no relisble statisties, but whether Her Majesty's Government would con

15. Finally, I would mage that for any outer-native, have alway mined loyal to the monotary system.

the Northern Chinam, who are antorionsly vou-those aring under the pressat satisfactory prise in silver the time is out of joint. With Hexiosa dollar. As ragarde eest of caining the cheaply, hot which could be coined in of the appead lode, but no mineral wu dia- cntiuned to a depth of 105 feet along the coaras "BOMBAY SODAS."

Trasnury, Hongkong, 17th August. 18 K.

If investor a matter of serious question quantity whenever necation arose. The late povered in the last 50 feet. At the point where the letter of the Colonial Seccitary of Sagapse, resalt of it means adopted will be, he would in London at its ballion lue melting proserable selling in the Toulon market Parsestly hope that bi-allian in not far off it must be much below 2 per osat, as it front to can the Wit for coinage at ingular Sir- bave hid ander carotal consideration Somstbing surely must be done and what the gully happene that the onia,eau ba pared sand toevala and in fub only whon Mxious are Wà coutinus to supply largo battles as her. Mr. LISTER in his memorandum, published pro cutting was to be commenced to thorough dated July 5th, 1895, covering an extraot from be a bold man who would prodias, avan with a purposes Lafora. Free of Extra Charge, to those of war in another column, says that a mint cannot and overpowered the pumps, and compelled the the Straits, Settlements on the net of a in rodaction of British dollar is not in any the diffealty of overcoming thiness prejudice, is that a regular supply of dollars might not by xploit the ground, water became too beary the Financial Report of the Aulier-Gaaral of knowledge of the nature of the massures. The Cast ma who prefer to have them to the orb started to run only sometimes. divary size.

This is being of work. At this tiers the Porak British dollar for the East, which you did me the case, quselium of such urgent importance to the British dollar would unquestionably be drays be rastily pescarible, and the pet af

Without, therefore, taking into consideration

at a high pemigo. a dictum which we take leave to doubt in the State, gave on sulavouble report on with these papers-I have rand a pamphlet entiti. nusual anertsicty and monity--I bare, &c., higher cost, and its chance of limits groossa Jonreal coin. On these paints, though With

Governtent Inspector of Mines (owly arrived anour to refer to a for raport. In connection make its prossertion nory to the face of heavily handicapped in the competition by ite

The fear apparantly entertained by the Dauks firm could be oxsented at any time, whether he found until the granite was reached; the and chiefly consisting of newspaper articles on The Hon. Frederiek Stant. LL D., Acting Hongkong and the Straits it reald probably so fan Committas are unable thus for to procuro An order for dollars sent to a Birmingham the property saying tras lode world not d The Brush Deller, published at Singapore,

(SI) A. LISTER, Treasurer.

wintage hairy as compared with that of prasenf it was anderstood the order would be would ceas, and granite mike, together with

naoutainty of depth whoro

against its rivals would be very alender Outside gard to the first they can entertain to quoation. the limestone this subject. peated or not.

Colonial Seoratary, Hougkong. It is all a question of cost, the lack of funds, determined the stoppage of hands has arisen from the length of time regul. DIRECTOR OF THE JAPANESE IT TO

-The delay of the papers in question in y

only worth its billion valas, wbloh would auoient alt. the full amount allowed for Paakage and Emprdae to more than two-per cent. Above their 5th December alluvial mining was next tried ment it would sworn to. Ko the one that it lea ind if the Mexican dollar or Japanese yun work at Tekka. In accordance with the data to obtain some information as to the work

it to frequentis Hadits way to this welting pot. THE COLONIAL TREANDALE, NOSOK ING. cision of the meeting of sherebeldes held on the ing of the Japanese Mint, at which establish

and the cost of sɔinsga wald de coane vently to permat. is ghargai in America; on the Counterfoil Order Beska supplied free ou ap.intrinaio value the banke and merchants but re I have mentioned at the private meeting, to coin bar silver Out to the public in Japan I have muck plezanen ( sanding you the followilling to apply the East with a deller at own Cobains, atau doubt less than ths of one In the papers from Haugkoug it appears that The Imperial Mints, saka, Japan,

lent- 9th August, 1986.

The foregoing remarks are very crade, but Ir Irving in 1874, prably on the p

of her bead the cost, in London was compated by would very koun import. British dollars, capital it cannot go on. And the uncertainty of paging the Mint zelguarags of one per cent by the same post the last five enzual reports of allow them to do so. The coins applied hitherto it is fon od that unless the Company has large to coin bar obtainak from San Francisco. ng remarks on the estuags of a dollar coin and lower than cast pries, it is the visant policy to

Sir-Is reply to your letter.

trist I have eroneeded in making my meaning to thy her Majesty's Government would not the 17th it... I would say that it Japan and Maxien trecharge any profit in aoicing dollars for ons of its provided the issue of a British dollar were obtaining calls really settles that the boat asura From soins retras that have been placed at ay the Imperial Mint. authorised. Doubts have been expressed by is to dissolve this Company and to wind upaffairs disposal, it appears that without allowing any the honie Government in the past as to the fore patting the formal resolution I will being for intereas or is on exchange, the more formation you regira raspating the suns al by time to entertain the question of coining probability of a British dollar driving out Mr. W. Lacon I have no doubt whatever Francisco and ite colunge amounted to stride ist, however, in Singapare would se of an en-

glad to answer any questions from shareholders: pauses of transport of the silver from San coinag receipts and expanses of the Mint.

In the reports I think yen will find the In-have always be of uniform weight and purity, and whin same fail to ful thon gauditions, il the Mexican in the trade with China even if that the motion for liquidation will be carried over two per cent. fit could be supplied on equal terme, and the will not be shut with regard to matter cannest preceding paragrapi fies the key to the whole vide say thirty-six millions of people with a large

unanimously, but I presume that one's mouth

a British dollar--I. &.. 3-I believe that in the word somatims in the functions. The Japaanse Mint bas had to pre- difficulty the Meriman hud io driving outed with the liquidations,

tirely different directer and have different His Excellency W H. Macth, C.-G., Offor

(Sa) JON WATER. tuation. Exceptional diraumitance, have o The CHAIRMAS-Do you menu, Mr. Legge,casionally forced up the price of the Maxien to the standard coins, and from this minor our

Administering the Gorar tant, Hongkong that ren would Eks to make sotia remarka P

miner aurrepey of oopper and silver, in addition passad.

Mr. Lzee-Yes, after the resolation has ban for a time to be coining a British dollar. But of copper, the profia have been and are derived. delar, and then it might hura hoon profitable anoy, and this alone, sapeolally from the coinage the very istne, In large quantities, of such a dollar, would tend to lower the market value of greater than the charge-ane per osat-wede The notual cost of ooining the silver you is made the use of the British dollar prof:able issuing this coin is wat to bring dirent profit to the Meriesu, so then the state of things which to the public for coining it, but the object in profit on the dollar. would die ppear at ones, and with thom the the adint, bat to honeft the country indirectly

It must be remembered that a raint cannot bo started to work baly sameliwez and in less time than it took the Mexican to the Company be wound up velaatorily nader Mine. If a British dollar wore to be stabilthed, nunt coinage of subsidiary silver, and io che fan chief arguments ad rinsed by the Chamber The CHAISMAK-I beg to propose, which told no heavily against the Hongkong tanta eronation would be found for & large antiued therain, it would sopar to learn autoact want of continuous work, anougat other things, ly engaged in coining dollars, as it is fuprobable valable and interesting the infrmation cen A Mint in Slogapore would probably be chief of 24th September. I am to state that, however beat the Carolus, for the Chinese are, it is provisions of the Companies Onlinanews less the year round. The question is, can it be go ́s keavy axpánia to the Colony, unless its charge) graph of the report of the-Auitor-General ofourcomusron, and thus to prouts recurrence to-be-hoped, shade less conservative than to 1890

it must besined, andar abatorer oitomatenees as it is diffeait to see how if ownld arsid being thes were forty years ago, and they are al

Mr. R. C. WILCOX-I beg to second that.

Owing it may be to some sabiruity in a para No Credit given for Bottles that look dirty or rendy familiar to some extent with British

Carried shanimonsly.

coined without most orions loss? To which I for coining dollars was higher than the backs or which you had forwarded to Hongkong, that of marinus ings and inconvulses to which the gray, ar that appear to have basa and for ani coins and are confidence in them. What Mr. William Hetton Poits be and he is bere Board of Enquiry to which the qestion of the silver yen exceeds one and a half par onk area ing that, 'drawing on its own mancholy ex

The CutRAN-I beg to propuse, Thefatire,

socceive thiers la but one sauver, and that a ne-other importers of ballion would be prepared to Government appears to have arrived at the on other purpose than that of containing Aerated ought to be done, then; is to establiab a appointed, iiquidator for the purpose of Angkor Mint was referred by Governor Sirhen only a portion of the exponens of manszéperience of some years ago, it should have labour. Idderation being given to the matter with the

A-Lenolase an exhaustive report framed by a pay

clusion that this offlail was advocating the

emurity bus from time to the bacɑ mbjasted. winding up the Company and that his re-

fo the Japanese Miat the past of caluing the tablishment of aloes! Mint, and it is not surpris

In ensiansión 1 am respectfully to uego spon of value paration as such liq zidator be the sum of 31 Biolard Mandounall. The Report, Lorosider gut is charged to its scebant. In Singapoceed to condena stab an antitions design.

The Garnrnment to make snol repres atacions and let the coin take te chance of getting and that Hears. J. Orange, C. G Thehbald, competition with the Mexican dollar. At the probably, azad, two per cent. As the quat of dollar to these Settlementa, the Chimber rever i have, ko...

to the Home Authoritias na will ensure full con- into general circulation. Whether it got three of them be, and they are bereby appointed 35 very outset. bow ser, senteues secure which eninings sluihr ein in the other Mints may be contemplated a solems, which proved so disas

D. Giles, WH. Bay, and P. Chater, or may

effectively dispons of the question of profimbin the coat of coining dollar would perhaps reich

Is advocating the introduction of a British for all on a stable and risiactory footing.-I view of placing the sinaga of the Colony once into circulation or not, & would be none the Advisory Committed to assist the liquidator he will be very misleading maless the rest wean of interval to yao, lispart hors extracts from the trans in Hogar, and it is newssary there. The Bourtong Dispensary, Hongkong. (19ess valuable as a standard and woold re- their advice in the winding up of the Company Commissioners had in mind in fram-reports of the London and the United States fore further to slade to the powerful argumente To the Hop. the Colonial Saceatery. Straits

ALEX. GRETLE. Mr. LEG-Hefore that is smoaded I should be carefully remembered. lieve this Colour from the dangers whichko to ask you, Mr. Chairman, without telling at comprratively, moderate ogst f increase the wigt (12) London (1-77) ths Dapaty Master to convey was, that serangammis, whether or not? RESOLUTION BY THE LEGISLATIVE COUN They say. Mints.

Secretary, Chesber of Commercs. (anestor to lat question), "It is un any details ex Bearly as you can, how melting and molning potree of the mint er or to states tusf he had bress informed by the Directo in conjunction with Hongkong might be con-

Bat cat ogslust it. In the Eighth Annual Report of the Roya the $20,000 less the 35,000 for calle has been

What the Aitor General ng Bottbt intended The Oberstory notified yesterday siteruna 1pended. You told us at the private denting are a becoming profitable if it can exly be of the United States Mint that the charge for ludad with Hor. Majte Government, 6 Em, aot for publiation, but as evidence of goot that "the typhoon sanontoed on the 10th set and I shanld like to know how-it-bag bean can be kept in full and continuous work, chiving spd a half p-r-est. at the Mints at Sum Frabepuriel Mint is Landau would receive its vatuointian: l'hat in the opinion of this Cutilit just now that ws hai $24,000 when wo het supplied with silver. That is to say, if the mitoluleg Trade Dollars had bwa polsed to on user the cous. jmt south of Shanghai." --7-

On the 30th November, 1398, the Straits uspended, how much seat to office expenditure,ollars at two per qual virtorage, it will pay oiado and Curse, and to onasida quarter pry dollars less the cost of colage.

which the Hanka taking braliser to the Im-Deylohive Conseil pased the following resolu- Uedoubtedly, bat erience has alors that int, at the Mint at Philadelphis.hich rates. The CHAIRMAN-I really think that that nothing will indnow the priblia to pay two perware eatimated to cover only the ketual dant of expats and the garantes as to futrinets salos nenes lo the adjasaat territories. if, after due will be to the interest of trade in these Settle. quation might easily bara bon asked before this. soignoregs and shit it is vet armatimes coming.

The plan would solve the Government in arments, and tend to the extension of British in- tig Mr. Boo-Before this it was à private and in silvor for coinags in Jupes at as per Dirrator of the United States din. p. 104, the Wodehouse canoladed a somewhat lengthy in-

that there is any iadace-nt to the public to

and regular supply of the ook, would be more notion, the existing foreign sare-ney bo damone- estigation into the circumstances of too iste was parced that the Company should be wondyld a profit, srs on thon fris

thm Thirteenth Anual Report of the cura than any offered in the Mexican and Fan.ised, and there ha enbstituted for it a British Talophone No. 12.

The CHAIRMAN-I mean before the resolution cent signore, and that only very large ord rs east of gaining standard dollars at the Mint st have occurred to the Hongkong Authorities re-silver to 100 of alloy, which shall be the tre in Hollywood Road. He ordered the re-up. However, if you like to doras to the flo-she sentence I have grotal amate to very much

This view of the matter does not appear ta follar weighing 416 gmina and of 910 parbs of DEATH!se of the premises.

of the Company and insp at the books you if only a steady strom of pastomers conti be

ow Orleans is given as follows:-

and la concluding bis report, r -the console loyal toader throughout the Colony, the same thing as saying that a sheep would pay how the moner bas hon expanded.

iders" the introduction of a British dollar st T.FE. Number ecined. Mr. Legos-I ask the question here at a attracted to bay goide at a beargivand

fash urgent importance as to make its pro- 1884

915,000

ancation becsER"Y" market prices. What the commissioners shareholdere.

machinery as to which ther- had been di

Our Registered Telegraphis addrexei "DISPENSARY, HONGKONG."

And all signed messages addressed thus will

➡remive prompt attention.

PURE AERATED WATER

SODA WATER

LEMONADE

The following in a Ligh of Watere always kept the Carolus dollar has been printed to ready in Stock:--

in support of this viow. The Chinese, it bas been arguel, aro ao conservativo that they would prefer even in inferior coin with which they were familiar to a superior one which was unknown to them. How ever, the Mexican conquered in time, and a British dollar, provided it could be procured at a lower cost, would baat the Mexican,

POTASH WATER

SELTZER WATER

LITHIA WATER

SARSAPARILLA WATER

TONIC. WATER

GINGER ALE

GINGERADE

LEMON SQUASH

BASPBERRYADE.

Waters, as such Bottles are user und geiBritish dellar as the standard by us

A. S. WATSON & CO., LIMITED,

NOTICE TO CORRESPONDENTS.

Only commistions relating to the nowe oolutage should be assessed to the Editor."

Corron fontance requcated to forward their nam

and address with communications addressed to the

faith.

All laktar for peblication should be written an on side of the paper ani.

now threaten it.

The Empress of Jupas from Vanco:ver, ar-

No anonymously signed communication that bare riend at Nagasaki at 6 am. yesterday and lef upperred fr - tierp para frat will be faserted.

Dedars ferte copia of the Day Praca Micalist, po, for Hongkong via Shanghai.

baseat bela,m. on the day of publication After that hour the supply is united.

Telegraphic Addreng Fress.

P. O. Box 27.

On the 10th ina, at Barton, Derbyshire, O. D. HULEY, lato of Meare. Dungha Expmit & 6. Hongkong, aged 59.

Baby Dress.

BONGKONG, JCLY 147, 1893,

At the Magistracy praterday Mr. H.

The Chinnad who the other day was charged

with daving attempted to pass a $t ante of the

*

The CHAIRMAN-Why not before? Mr. Lege-I do not see how I din eng 27- liquidator.

thing until, you have agroal to appoint

The CHATEMAN-You mean that you may tiou should be red og F

avs some remarks to makeen to how the liquida

Mr. LEGGE Y'AS

and where the rest went to.

That

the

It was the

pro loable

So that

A

CHANDEL.OF.COM WEBCE, SINGAPORE, TO

COLONIAL BORSTA :Y. ING PRE

a dollar of 416 grains wight and fogch bo this correspondant home to a gool anongu to I am havarer, to ask you in transmitting

certain sally at what cost for mistags could mado in London, nud what time wuld be re- quiet for coiling, that is, the dates in which Mini rooivod the bar-silver and issued the rotaru sojus to the Bank?

To an importation is estimated at $5 to $7,000,000.

It is seated that if the arrangements t Chamber of Commerci

further referezon to the question of the intrudas

Singapore, 19th October. 1886.

Har Majesty's Minh do you wit af it the receps of your 809916 of 9th instant, havingtructor, sah us Festans of Birmingham who Sir- bava the boson to acknowledge der stringent regulations by a reliabla enn. eninage of the dollar might be undertaken, mi-

tice of a Britisk dollar into thees Sellamente.

by the facilitias a satisfactory ourraaay gives to With respect to the Hangkang correspondents which you wars good enough to forward in your

tommerce.

1-45

A

Cost of coining por plude cents.

1:557 10 115,000

1-198 Frois these tourions you will sea that the

sin mapoy of the realms for Fraps.

to deal with all the aspects which may present healres in so wide and important a gustion and with any of which the Banking interests

It is imposelle within the compass of a lutter

ara alone able to desi,

adopted, to set a gater supply of dollars at

What is sought in whatever means way be atouty rain fully aloq ist> for this equirements

Battlements.

OF 2015 SRAITS BITTERMENTS

THE OF TIRED BANK'S OPINION

On this resolution rescuing homa, the follow- But the Thamber ie not thus willing to dising letter was addressed by the Chartered Bank miss the matter and the inundategrounds upon to their Singapore branch, and was communicated

[1576 Hougang und Shanghai Back as a $10 not public meeting. I ask it. for the information of in theiz młoda was a garsion of gear sed sast of orining a dollar in the above mentioned which, thay urge the Government to press the 'o the Government of the Straits Settamaute-

Ar the ineeting of the Chamber of Commerce on Wednesday & good case was made out

was Fosterday comitted for trial at the Cri miani Eessione by r. . E. Wodeboase,

At the Magistracy yesterday Capt. Disk, of the steamer Hankow, was Snsd 25 cepta for leaving the barbanr without having on boned a certified officer. The siromastances Phich paured the real to leave without an officer have already regarded by the Magistrate nu e nominal one. bcon reported. The offenos sertas to have been

bolf-prst seren

basins as:-

Bonny Roare"

1-Bart of the Fiusues Cumittee (Ne. 4).

-Motion by the Hon. K. B. Bell Los.

than would be found in Singapore, varias from noe ha, where the conditions are more favourable and a quarter to about one and a half per ount.

There is also another paint of considerable importance in connexion with a Colonial int

The CHAIRMAN With your knowledge, Mr.The Mint can be made to turn ant rough Loggo, you must kas-

question, reopened as it now is by one of its Chartered Bank of India, Australis, and Chlua, onin," they say. "if only you cau attract silver" The whole of the rest of the report rose to show

3-otive Councillors, on Her Majesty's Go

of gold, the situation has altered little since the stint would probibly not have greater capacity reliabl

rerament, are that the unnly of dollars is Imre

Elation Court. Threadneedlo Stroot, why silver osunot be attracted.

gulur and frgnantly insuficient, their value as To the Mastger. Chartered Bank of India, Au-

London, Juntary 11th, 1887. 6-Fcpt in the deplorable over-appreciation in Asia which may be nuestioned bure. Suck the urges from which thy are drawa -

compared with bar tror aadly fluctuating, and stralia, and China, Singapore, Report in gnastion was written Wede, however, ben forty thound dilaza per working day.

Dear From the printed song of the minive of the Legislativo Council which secon~- Ti more especially refers to Mexicane tick,panied your atter of the 6th alt, we observe

Mr. LEGGE-I sin not a gend nocountant. down here without the money having been spent. The CHAISNAY-That a fare is not pat I hold in my hand a balance sheet showing bor every dollar has been spent.

penditure?

ible to say.

As

Mr. Exaax-How much went to offoo possess full information or sun poiul az to wbiob | out during the China season--if I may judga within the last twolve months, have been as Eiritast a very inportant resolution wes nuasimon- for the adoption of the Japanese vens lequitry will play the following programme en tho

The Band of the let Suropakire Light Infan. head office and at Misanghai were $4,000.

The CHAIRMAN Salaries and wages at the the Commissioner were in the dark. Wa kan from what happens hate-bullion is recivadasap sent. premium over their metallic agreed to at masating beld on November teurer in this Colcuy. Why this was not crack Square this eroulng, componding at

Mr. LEGOs-For how many months?

how much subsidiary onia this Colray can be sometime at the rate of noarly & million dollars valos, landing to a scarcity of coin, aorrespond. done when tho Chamber recommended it rela

safely expected to absorb in the conres of a yant. in a week, the importera bars to be paid aying high mies of internet,, tad sons quest re- The CHAIRMAN-Up to thaSub of Juno. 180been obtained from boms sad the coine bava day from the date of Raway or immediately on at the present time somewhat oheaper, thy comments and trid to the extɔnsión of British in. fifteen years ago is a mystery, but strong a Quadrille.....

Oh worded a follows:- Mr. LeoG-FIDO WheDP

During the last few wears liberal applies have within eight or ten days-actually on the sixth striction of and inveniase to trade; although be to the interest of the trade in these Settle- "TH₫ Chin>"

That in the opinion if this Connell it would was the Heersafty then it is infinitely shotties Happy Duckies".......

Coote. "Queen Valer.

..............Godfrey of June.

The BLCRETARY-From August to the ond been put at the disposal of any one who choses the payment of email fixed additional obarge linus scarce, and liable again to be driven fuence in the adjacent territories if, after dto. "Love's Golden Chime" Malesler. stronger now, in view of the uncertainty are Silver

Godfrey. Mr. Léger-That is nins months rather art of which may be taken as $15,000. serre of coins has to be kept to must such

to ask for them. The result in that they do not and it is impossible to cola this amonas within ap to a coosiderable preinium from extrane etica, the existing Foreign currency be demona- attending the future of the Mexican Quadrile

*Pepita"

Bugal. Į good remuneration.

move off at a greater rate than $300,000 e re the time slowed for payment consequently sanses with which the Colony is in no way on ised and that there be substituted for it a Valee dollar, Hard as it is to get the home Vis

Serás), Souvenir of La In

The CHAIRMAN-Thess payments waenpli not That is a very little, when the low on coining a importatione. Nebra help; they wars the legay left me by the old dollar is taken into sonat. Government to move, they cannot rewin

Colles. Company. We took over certain agreements.

It has not infrequently happened that with of pure silver to 100 of alloy, which shall be the British dollar weighing 416 grains and 900 parts In the Japanes Mint to find it necesary to abundance of silver in the Landon market, Mexile legal tender throughout the colney." A meeting of the Legislative Couunit will be with the Secretary and Manager and we had to us fad their way to the adjacent malulaad in Osaka ready for delivery. This is orsidered thing further were mosssary to establish the Council by the Colonial, Georetery no steps appear (7-8)--The greater part of the enbeldiary. have over two and a half millions of silvor yen insensible to the arguments which have no blou Monday next. The following is the fail them. In the balance sheet I hold there bere, sarinusly enough, e coinage bearing the a part of the Government reserve, and for its point as to our reliable snares of apply, to have been taken by the Government to ascertain beet adlaced. As matters stand at pre

een dars have beeg unpruetrable, and if anƒ- Before this revelutina was submitted to the is an item of $7207 for Manager's and Engineer's Queen's head is very popular. I am told that ass the Mint pays no interast. sent, it would be possible for Mexico, by

salary. At Tekka we spent $0.621. I am only Hongkong top-sent pies may be found in almost Government resurses in Tokyo can be des Report from Japan that the cost of misting xpressed by their local wagsgers as individual Kiving an artificial salus to her dollar, to Delarations Ordinance, 1899.

faking the larger dgnres in the soconut B-vory shop of any pretensions in Canter, aulapas la oases of sergenoy. 1 Singapore it dollars involves a brary loss upon the State

Besides this the farens need only be made to Mr. Gowlafs the views of the Banks as such from the opinions impose a very arious tax on the trade of the Trests of the Hongbing net South Chi ́e Ma-

Second Yeading of the Bill entitied the Statutory pases in Perek at the Headquarters, and the argued that, if Chiness will take token calan which to arrange satisfactorily for such a reserva fra Mint passing et a later period under the emperrod the subjnot will presumably have been sub swon many rules taload. It may perhaps bawight be doll for the Colonial Governmout Third reading of the Bill for the inversion of 8507. We spent 3971 on alluvial. Chisaged of this Culony, This is a danger Devolence Fand

snager sexpanses, pro 83218: say or part they know to be considerably alloy d. and will of interest, and without it the Mint might be intenda os of less killed and experienced at.

· Aget therefore from the ability of that

ismbers of the Chamber of Commerce Now however, that this resolution bas bere passed to which we ought not to remain subject, mittes immediately after the Council, to consider the

Mr. LEGGE-That will do, I don't want say oven para premium for them, they would equally useless in times of pressure. There will be a meeting of the Public Works Commor. cepcially when it can be removed or at all Rovicon Water Supply project.

tako defiara, the intrinsic value of whit is not

unitted to the Saerotary of Stats, the Dimotori sayers, and conquotly producing not so test. The RAIBIAN-I moan, Mr. Legge, that the quite equal to the value at which it is desired tomportations are frequently only stall, toe verurient may at any tima prohibit the export of rent to express their opinion; nad we think events minised by the simple expedient

of this and other Eastern Brohauge banks will whole of the items can be accounted for.

Daring other parts of the year the silver worthy a coin as at present, the Japanese Go-in all probability be invited by the Home Go sirozlate them. Such reasoning, bowor, would of declaring legal tender a coin which bean socraiting in Indin, returned yesterday in quitator, right I sak har long the liquidation their scavoloce, just is a telesun at homesant to the reserve

Lieutenant Berger, who has for some time To rome to the appitalment of Mr. Potts as the pinges, and even bay them up. for the enke of period is then gradually coined, the coins being quently bees sorely Felt) and the Colour brought regret to state that they are able to our in Mr. Latuar-There is no question about that. be fallacious. Chiness take fan and re-castated in the Mint strongholds during the above upon. Mexicans the seroity of whiels as fre which have been formed by the Directors as we times almost wil, the tallion which has accumular, when we should be satirely & pendent. it we therefore to acquaint you with the rows passes current as readily as the Mexi. the steamer Lightning, bringing us for the is to last?"

But the Colony ought not to be sweaty instrumentalista, who will constitute tho Tiongkong Regimen. TDARB include about

will give a mall premium for a supply of copper.

face to face with a financial orisis pendent-on Japan for its standard of so) of the razinout, sod although the instr

The CHAIRMANI think it is almost imposs. But no Chiange would racire any considerable the last few months, although we have been serious's-pest, owing to this sonrpity, that the Ised in the form of a pamphlet by the Cham

As an example of this I may itate that during Ja Julv. 1872. the question and such

the opioica expressed in the above resolution. value any more than on Mexico. Let us inhabitants of Kowloon are already anticipating

gents have not you arrived from Biglani ibe that.

The orresdence on this subject rearntly sa in this coing, say more than the English onjuing at the rate of about a quarter of a wil Government were lupailed to consider the pre-her of Commerce showed is a very convenient Use the cuius of those conntries so far as a large amount of the mule which does not think I suppose the liquidation will taks about

Mr. Liga-Yeu should not get up and say tradesman would accept £:00 in penny picos lion silver you per west, yet uuooined Ballica priety of introducing a British dollar mined in and interesting form the course which the dis serves our purpoes, but by all means ist the charm in the airly bours of the morning nine months.

The CHAIRMAN-I am sinting what I eat ever reprosant more than a certain weight) two sad s quas that a Kint. established Jabrought for varð íti an able memo of the Fizan- the able latter the Chamber of Commerce

For all eubetantial parpoles cain, to a Chinese, has seamalated in the strong balls on to Early Loadou primati on its own nesust standard of value be fixed by Her Majesty's valuable anzillary is in working order the Heng was and it will giv

Judging by their pressnt proficiency, when thie

ot suck and eñok a fluences.

mations of dollars in valo

onesion of this málter has followed from the In 1874 the bare now saggested was again time when it first took shape in 1876 down to Government. The currency proclamatioukongs ought to be one of the beat, marching ra

If it is desired The water of the peuphlet The British Singapore shall be self-expporting, it must coincial Offisers of the Government, and the Chain- dated 19th October and the reply from the Mr. Los-Nine montue, divide $1,250 by by putting two par sagt, loss silver into it than sheŝdiary zilver veins in suficient quantity Hongkong, as to the adrisability of the introdas foamful consideration of the subject

Dallar paively proposes to make that doller pay and and a demand for tea sad twenty cant ber paned a resolution concurries with that of Colonial Secretary promising the Governor's- declares the oufr legal tender to be the Rimals in the East.

The CHARMIN-The not very large sum of the Mexican doils costsins. Devices of this yield a pigaorage which aball exceed in ponnteo of British dollar in the Straite adil Chins dollar of Mexico or suck other silver dollar of Telegraphic adsion was yesterday received by

$140 a month.

kind are simply attempts to run away from one's the expenses insured in colaing the xilver dol pressed upon the Government, which in May, and for the usage in London equivalent value es way from time to time dear, Douglas Lapraik and Co, of the death There are, plenty of men in the colour who Battlemanta, if that wors all that is to be thought meal for a samoebat koovy naizual expenditure; pressat no probability of a dollar being coined ( rexoy in the Straits Sattlamat. so that "any

Mr. L2008-I think that is a very good sem shadow Such a coin might do pertantly, well is and these minor unibe.

T-proposal of this Chamber of Commerce in be authorised, but there is nothing said as was a partner in the firm Mr. Bottomley was

The matter haa alnes at different times been 1870 was simply taxt arrangementa should bo of Mr. C. D. Bottomley, who for many years world do it for $100 a month.

fer local circulation in Hongkong and the Straits to what this value is, how many grains offin tiv time one of the best known man unwise thing. The Board agreed that it would it is evident that tha Mexican dollar would be at afford may be worth such expenditure, ant on by the use of the wordu "at-procent." bat how that proposal for an alternative British coin for

The CHAIRMANI think that would boa very of, but when we some to contidor the purebasing It way; bawarer, be patable that the indirect for less? see in the colony."

If this is impossible, the Colong must be pro, 1890, informed the Chamber that "there was at of Haitima dollar to be legalised as one- silver the cuin is to contain or of what fur-long prominently Henlifed with mong walat barpo ta liquidator atro per cent premium, or the British dollar st this point I have no data of which to base an ever strang the reasons for previously advocat. circulation in the Straits could have been said

power of the two dollars dads of those Colonies, benefit which the stablishment of a vint may ness it is to be. If Mexico were to reduce the porter of rowing, racing, and other forms the colony of that sort of thing.

many local enterprises and an ariant mp-monthly salary. We have had experiences in per cent, dlccount, whichever way of putting opinion.

No dla was feruiebed as to what was insplad recife the cuttura la British trade dollars." If quantity of silver in her dollar to-morra iteration. He came out to the East saa would still have to be accepted so legal 1988, but in 1835 became a broker on his own bare legal selfons and who can tell how long purchase only 98. The Banks bare cold not be satisfactorily carried out by any Colony with Tha oaudition by which this expanding trade beea unebjectionable but at times might have

Mr. LEGE-You ought to fix your time, deck in the firm of Masara. A Scott and Ca, ini

it is preferred When the Mirzioan dollar would tender in this Colbay, so long as the pro-assonal in Queen's Boad and Gongh Street. In will take?

The CHAIEMAN It is impossible. We may purchase 100 articles, the British dollar would dollar for the trade of Eastern Asia doid not Colony with the Naims States develops itself consider that the scheme not only would have ing the British dollar, they become more for into effect and if arrangements nould have been Finally. I believe that the coinage of a British cible yra by year as the internal tride of the made for a sappis to be avaliable a required, wer clamation now fu force remains unmodi- 1874 be entered into psrteership with Mr.

sford te laws the two dollars without disting-out substantial aid from the Imperial Govern with the opening up of the Peninsula entirely proved extremely advantages and convenient. Mr. Lazaux-I think that the Company should in, for directly specis might be regaired be ment W. E, Hazbes as an unstioneer and broker, blqudated in six months with the little balance you the limits of Hongkong, the interior dollar Hoping these somewhat discontented, notes, institutes anoh a serious danger to the permn the existing ourrezor is the uncertainty and ir. the intrinsic value of her dollar in a very Dongles Lapraik and Co. us a clerk. Two whether there will be anything for the liquidator.band dollar, being the sheaper ona te bay, at

dependent for its coinsve upea ferice and Japau you'd at ones beat adionut.

There are no doubt drawback attendant on remoto one, however, and in itself hardly years later he was taken into partnership merits consideration; the real danger is that the firm until a few years ago, when owing to ill

Tho CHAIMAN-Ob, ye, Mr. Legge. I beg faine come popularity, and bits fair to drive out The Hon. A. Lister, Hongkong.

written during great pressure of offcial work, dle and faunal welfare of the Colony itself as regalarity with which supplies are obtainable and in this specity he was associated, with to propose she may try to give a fictitione value to the health be deemed it best to seek retirement as the sing to be copied in the liquidation.

(88. WILLIAM. GOWLAND. Mr. LEOGE-I think that you oarht to Rai menkat onde debavo their dollar to the sams ex- THE ACTING OBŻEJ KANAGBE OF, THE HONG-lend of Chiva for its population, strong prefabs fery desirable in ones of existing supplies mand the serious attention of the Government, placed upon feroiga Goverments over whom the Mexican. Would not the Marična. Goyers. coin by legislation, as fudis be done to the homo Mr. Bottomle's deceso will be much

The Committo quite recognise that in Hong the Government of this country has no effectual raper, and the difference between the real gretted by many old residents in Bangkung do not see how we can do that..

Thu CHAIRMAN-Imposablo, Mr. Legg. tent as the British dollar, and so put it in the KONG AND BHANGHIT BANK TO THE

kong, relying na it outirely does open the main control. Therefore we quite agree that it would and the nominal value would constitute a factive member of the commercial commanity,

who remouiber kilos & familiar ägure and an

market as still the cheaper coin? Mr. Gas-I think that the liquidator for bore we come to the hard fret which Hongkong mad shanghai Banking Corporation, here. The Protected Native States row form part of those forsign Governments or from danses dions may exit against the introduction of falling short or if the souren of those supplies ... ACTING GOYSENOK, tax on the tauntries using the coin. Japau

ought to love a lamp na sa as to get is closed derlie the whole matter. From various

Britisk dollar in that Colony-but it is not no worn out off (either by somo arbitrary not on the also might by legislation give a fictitious

28 5000 as possible, "He will not gain any birghorst way ball pez on When ritish dol haustive repoch and quits coasar in his opinion to question that the British dollar would hare valon goal in the Mleziono dollar, and we baro by baring it prolonged.

the cost of mintage of Mexiono dollars is

Hongkong, 4th September 1896. Sir-I have carefully and Me Lister's exter of trade, door Jehan sad there is no room an alternative British dollar of certain intrinsic. part almost of the Bettlements, so, also in mat bayond their control) to be able to fall back on value to the yen. It is important, therefore,

The CHAIRMAN then moved the resolution, lar can be soined cheaper than that, it will drivs that the establishment of mint is Hongkong free frcolation throughout the Peninsula, From 20 doubt that if arrangements for the lane of that a British dollarshould be coine and de-

wbiob Mr. J. B. CUTE Oded, and on at the Mexican and not before being put to the rating it was carried wom.co possible expenas a British doller, equal in fin clared the standard of value. Whether it would

12-Soppors that, by onling down very result in her loss to the Government.

for the coinags of s British dollar could not but the last Blue Book Returns, it would appar ehdollars are made and the cost of minting were Mr. W. H. Porrs slentfed bis willingnos, to be possible to force such a coin into circula

accept the fes of liquidator.

uses to the Merlost, can be prodded a cost of in Jopen, would say that the calls do the Oaks

Judging after an rpedence of several peers the Colony and Native States.

that nearly 35,000,000 way bearbed in 1885 in redures to mialem it would frequently be tion or at is another question, but tha

who is going to pay it. The general way silver you are of a very sporadic nature, and that per cent. There le half per cant. lex Mint from foro gnera for cinge of bullion into this dollay may be introduced

It remains to sonder the moans by which such coinage,

worth the Importers' while to pay the cost of praed Nutimental profete vely as an were it not for the large subsidia y conser and equal weight and dueness as the Mexican could side by side with the existing currency is very dif The Committee are fally aware that a coin of permissive coinage of British dallar to circulate But this original proposal for an alternative preferecios for lundrome, niter soleage, the wint would be idle for the only, as in the use of the yen, empate with the farent from the sebeme row contemplated in the w-ll-minted British dollar, which will make 200 grate part of the year weights and measures are kept. Any dollars line wepanded with lisbilities modaling to over and walliendisons dondly microbes in milk Chinese tan producer or with gearer in and to billion for the Japanese Specis Bank (a lank.

The New Zealand Loan Merosutila Agoney

such coinn go a far as 201 Mexicans If There is an important fact to which Mr. Gow Ms. Liston, the very isms of such dollar we rery much fear that, in the desire to altsiu Lifter when at a proming, and that, sa statest by resolution paid by the Legistative Council, and af equivalent value, zaight then eirculate the million sterling, madly due in the Voiter Aboze ie po sazety, even in a diet of bread and any sach feeling. The differ so, then, ingas be of the Japanens Loteramust) at a obaren of meet the difficulty by rodining the finapass of tions have be overlooked.

With bacteria in kimon, amorala in brost, this sentimental preferencn.do not exist, The charge of1 per cent, the Jak Mist soiun silver Maxine."

periance has praved bything has prorul that land does not allude; while making foreigners wotid tend to lower the market value of the the object of naiform supply surrency and freely the Calcas and 'we would be res Kingdomi

It has been prend in curtain quarters to present avstem, several rory important considera

By My Vobviate the possibly drawbacke existing in the pala by some ofker.net of persons The British about masthird of one par vents thans giving a the coin about 1 per cent, but the Chamb r eré One of the argaseste adiluted in favour of

person so destring might send in silver and

fed. The danger of Mexico tampering with bat in 1975 joined the firm of Mestre that we liava.. If it comes to that I don't know 10 Let it be supposed, however, that the de may not be alt, gelber useless to yài. -- I ani, &a, fapart altogether from political reason to da and also in the last of dependence having to be

RCUTER'S TELEGRAAIS. JUPPLIED TO THE "DAILY PE283." |

LONDON, 12th July. THE KHEDIVE DECORATED. Doring the Khedive's visit to Constantiample, doller ought to be struck even if it were only the Sultan conferred upon him the Urder of

¡Imtiaz

as the standard of value to be kept by the Government in the same way that standard

ANOTHER FAILURE.

ant to you of the confirms arg meeting, of which The CHATENAN-Lantions, & notice will be thiol we have to give 16 days' notion. Tule conclades the business of the present mopting.

Me and imme