1903-02-12 — Page 5

Page

HONGKONG BUSINESS DIRECTORY.

BOOKBINDING

DAILY PRESS" OFFICE,

The only ofice in China having European taught workmen. Equal to Home Worl FURNITURE WAREHOUSEMEN

Depot for

A CHEE & CO., Established 1859.

Every Household Requisito.

Batman's Korisk Films and Accessories;

17, Queen's Road Central.

INSURANCES

THE HONGKONG DAILY PRESS THURSDAY, FEBRUARY 19

RANSATLANTIC FIRE INSUR ANCE COMPANY OF HAMBURG.

The Undersigned, having been appointed AGENTS for the above Company, are pro pated to ACCEPT RISKS against FIRE at Current Rates.

SIEMSSEN & CO.,

Agente. Hongkong, 16th November, 1872. SALAMANDER FIRE INSURANCE COMPANY..

[25

THE Casiersigned, having been appointed

THE AGEN IS for the above Company, are

(Continued from page 3.) rising relatively to commodities (silver included) because it was being constita'ed the sole stand- ard of value und called on to perform functions which had been performed bitherto by the two metals conjoined; that that had happened to it, in fact, which would beppen to anything for which the demand suddenly doubled without the possibility of doubling the supply. The world was using beef and matton as food; if it deter mined suddenly to cease eating beef, would not the price of mutton rise and that of beef correspondingly fall? That was exactly what was happening to silver and gold; and the

of French Indo-China; and it remains to bu seen what conclusions they will now reach. It is as inevitable as it was in India-for similar reasons of use and convenience--that silver must continue to bo the medium of exchangs in these regions; and it would appear to follow. that it can only ho sustained, similarly, ôt a given rolative value to gold by restricting the output of coins. Siam has already made the attempt; starting at a ratio of 20 tuels to the £1 with the hope of rising. eventually, th 17-whieli means, in plain terms causing a coin worth intrinsically 10, to pass for 1s, with the hope of raising it eventually intrinsically worth Bhd. to pass for la, id., can-

1903

SPECIAL RACE GOODS. PARISIENNE MILLINERY, SUNSHADES, GLOVES, RAIN COATS, FURS.

JACKETS, WARM UNDERCLOTHING AND

HOSIERY, SILK SKIRTS.

GENTLEMEN'S DEPARTMENT. NEW STOCK OF NECKWEAR, GLOVES, HALF HOSE,

PYJAMAS, FLANNEL SHIRTS.

CHEONG LEE & CO., Furniture Store.rspared to ACCEPT I (SKS against FIRS remedy was a return to the open mintage to la. Pd.; and we, who cause a rapes that is LARGE ELECTION OF SMART AND STYLISH RAIN COATS.

Established over 20 years. Importers and at Current Rates.

Exporters, Tenkwond Furniture, Black-

wood, Jewellery, &c, highest grade, best and chenpost. 8, Queen's Road

Central.

JEWELLERS

MAISON LEVY HERMANOS:

Diamond Merchants and Watchmakers, 40

Watson's Brikling, Queen's Road. Also at Shanghai, Manila, Paris and Iloilo

PHOTOGRAPHER

M. MUMEYA JAPANESE ARTIST.

Bromide and Crayon Enlargements and

Views of China and Manila. Work

HEIZ. JACOB & CO. Hongkong. 2nd Art" 1900, NORTHERN ASSURANCE CJ

ESTABLISHED 1836.

of both metals, at a fixed ratio, as before.

29 There was a time when the decision haug not plansibly dotaur. But, as every fresh notW M.

THE Undersigned Agents of alora Grapang are prepared to accept First-class Foreign and Chinese RISKS against FIRE at Carcento Bates.

in the balance, and it ia more thau of restriction means a fresh measure of disuee likely that, but for the attitude of England and nots, naturally, with increasing intensity in at the last Brussels conference, this solution proportion as the area of consumption is nar- might have been reached. As it was, mono-rowed, it rooms to follow that the realisation of metallisu prevailed. A silver pazio set in any such projects will have the effect of depres- its full-power partnership with gold, and the slump may be due, es

nation after another degraded silvor from sing silver lower than before, The recent TURNER & CO. price foll in each case coincidently with the Hongkong, 14th January, 1963. [246 blow. Gold-men congratulated themselves on ORTH BRITISH AND MERCAN the foresight which had cast out a decadent and TILE INSURANCE COMPANY. enpersbundant metal in time; while bimetallists averred that both decadenes and apparent

£15,722,693,

also colouring Photos and rollef Photos. TOTAL FUNDS AT 31ST DECEMBER, 1991. superfluity were a resalt and expression of

done for Amateurs; No. 8A, Queen's

Road Central.

PRINTING

DAILY PRESS" OFFICE.

Proofs read by Englishmen.

STOREKEEPERS

F. BLACKHEAD & CO.,

Navy Contractors, altaakers, Provision and Coal Merchants, Sole Agents for Hartmono Rahtjen's Gooulue Cora-

position Red Hd Brand

DISMARCK & CO.,

Ship Chandlers, Navy. Contractors,

Provision and Con! Merchants, Sail- inakera, &c. Fresh Water suplied to

Vessels in the Harbour

TRONG SANG & CO.,

Shipchandlers, Sailmakers, Provisioners, Coal Merchants, Hardware, Engineer. Tools, Brass and Iron Merchants,

144, Des Vox Road.

MORE & SEIMUND,

1.

AUTHORISED CAPITAL... £3,000,000 9 0 SUBSCRIBED CAPITAL... 2,750,000 PAID-UP CAPITAL ....................... 687,500 00 II. FIRE FUNDS...... 2,695,548 5 2

The Undersigned, having been appointed AGENTS for the above Company, are pre pared to ACCEPT RISKS against FIRE Current Rates.

SHEWAN, TOMES & CO..

Agents. Hongkong, 1st July, 1902.

[1796 AACHEN AND MUNICH FIRE IN- SURANCE CO.

OF AIK-LA-CHAPELL

THE Undersigned, having been appointed AGENTS for the above Company, are prepared to ACCEPT RISKS against FIRE

at Current Rates.

113

REUTER, BRÖCKELMANN & CO.,

Agents. Hongkong, 21st April, 1897 GENERAL MARINE INSURANCE”

COMPANY, LIMITED,

OF DRESDEN.

disure.

POWELL, LD.,

28 & 34, QUEEN'S ROAD, Orrostre Post OFFICE,

we have suggested, THREE CASTLES CIGARETTES

IN PATENT AIR-TIGHT TINE.

in some measure to anticipation of evenla before they occur; but there exists still the benefit of the doubt. and it remains to be seen what will happen if it is removed. CAPSTAN TOBACCO The rupes, for instance, was worth intrinsi- cally 15-528, at the average price of silver in

MADE BY

IN PATENT AIR-TIGHT TINS.

THREE STRENGTHS:

44

MILD, MEDIUM AND FULL.

TOBACCO IN FINE CONDITION IN ALL CLIMATES

W D. & H. 0. WILLS.

BRANCH

BRITISH-AMERICAN TOBACCO

COMPANY, LIMITED.

114

INVINCIBLE” COMBİNED OIL MOTOR

CENTRIFUGAL PUMP

AND

1892, and 13-591. at the average of 1893; but it The true relation of cause and effect can be was worth only 11·1d. at the average of 1894, deduced more clearly now, perhaps, from and its inflation to a nominal value of Is. 44. THESE BRANDS ARE ALWAYS KELIABLE,

has been accompanied by a depression in in- results, than was possible when discussion was at its beight. It is at least noteworthy that. trinsic value to Ed. to-day. There seems reason to fear whether each now attempt to every fresh not of demonetisation of silver has been accompanied by a distinct and immediate place a silver currency on a gekl basis may not fall in price; while there have been intervals of experience a similar fate. We have heard little boys recommended to put a penny on a calm, and even of recovery, when the metal wan left for a period at panes. Although the pro- ninapin and try to knock the pit away and duction of sitver bad risen, for instance, from leave the penny up. They do not usually an average of 63,300,000 ounces in 1871-75 to succeed; but what is forbidden to little boys The 157,900,000 in 1891, it was still worth 481d. is pormitted, apparently, to States. an ounce; whereas a farther incres to question is whether the penny may not even- 174,000,000 ounces had oincided with a fall to tually fail. Henry VIII. is blamed in history

21, in 1902. But kick after kick had been for having debased the coinage by gradually THE administered in the interval. The tentative augmenting the quantity of alley, till he made. advance of Austria towarde a gold standard in forty-eight shillings out of 4 oz. of silver by 1892, and the close of the Indian minte and the adding 8 oz, of baser metal. It does not seem repeal of the Shorman Act in 1893 widoned the to make much differences in principle whether gap between the two metals to a chasm. the alloy is there or not the point lies in Taking the average annual coluage in India making a coin pass for more than it is worth. during the preceding ten years at Rx. 10,000,000, Five-franc pieces stand, and are likely to those two measures alone involved the exstand, unquestioned in France because the £100,000,000 in geld and cau assuredly rodeom. them, at any time, to any amount: but all the various States-which have put themselves,, or wish to put themselves, on á gold heste may not be able to establish a basis of aqual solidity and effect. There is one consolatory reflection. There must de a bottom to silver somewhere; and it would seen that, at 1s. 10d. an on, it cannot now be very far off; so that the last man to place his silver on a gold basis may find he hai really touched bed rock.-Saturday Review.

THE LATEST AND BEST WATER RAISER IN THE MARKET.

INDISPENSABLE TO CULTIVATORS FOR IRRIGATION.

It is Light in Weight. Easily Started and Worked.

Clean in Working.

43 and 45, Des Voeux Road. Shipcbundlers, THE Undersigned, having been appointed clusion of 88,000,000 oz. silver annually from Bank of Franca possesses a reserve of nearly Compact aad very Portable.

AGENTS for the above Company, are Sailmakers, Riggera, Commission Agents"

and GenocalStorekeepers; Sole Agents prepared to ACCEPT FOREIGN and

for Shipowners Composition ("Grey CHINESE RISKS.

HOTZ, 8'JACOB & CO. kound Brand") and Blundells -Sponge & Co.'s Composition.

Hongkong. Ist September, 1902. [2327

HENIX FIRE OFFICE WATCHMAKERS

The Undersigned are now prepared to GRANT POLICIES of INSURANCE against FIRE at Current Rates.

DROZ & CO..

14. Queen's Ronil Central, Repairs of Watches and Clocks by competent Baropuan experts, at moderats rates.

BROWN, JONES & CO., MONUMENTAL AND ORNAMENTAL MASONS,

Hare on View and for Sale at their Marble Yard,

ITALIAN MARBLE :Statuary Figaros, Angels alongside Crosses Obelisks, Colemas, Rustic and Plain Crosses

and endstones; also

AMERICAN MARBLE Crosses, Columns and Headstones; and ABERDEEN GRANITE

Crosses and Headstones

For adults and children's graVUK.

CEMETERY MEMORIALS made to any design in Dallen and American Marble and Hongkong Grey and Blue Granite.

Special attention paid to LETTERING IN ANY STYLE OR LANGUAGE

in imperishable lead, lead cement, gold, or black. All work and material guaranteed to be the best and most durable.

Prices to suit the times, Designs on application.

Orders from out porta carefully and promptly -executed.

Office:No. 17A, Queen's Road Central, Jat Floor. Marbla Yard-No. 18, Morrison H Read, Hongkong.

flonekoay, 9th January, 193.

RACE HOLIDAY.

[3462

THE

THE Undermentioned Banks will opon for 94.. sul olore at 11.15 A... TO-DAY (THURSDAY), the 11th instant, respectively.

For the CHARTERED BANK OF

INDIA.

AUSTRALIA AND CHINA.

T. P. COCHRANE.

Acting Manager, Hongkong. For the HONGKONG & SHANGHAI BANKING

CORFORATION.

For

J. R. M. SMITE,

Chief Manager.

OF CHINA,

GEO. W. F. PLAYFAIR,

Chief Manager.

the NATIONAL BANK LIMITED.

For the MERCANTILE BANK OF INDIA,

LIMITED.

EVAN ORMISTON,

Acting Manager, Hongkong, For the BANQUE DE L'INDO-CHINE,

Hongkong Agonoy,

G. MAYER,

Acting Manager.

For the YOKOHAMA SPECIE BANK, LIMITED,

TARO HODSUMI,

Manager.

For the LIPERIAL BANK OF CHINA.

E. W. RUTTER, Manager.

For the DEUTSCH-ASIATISCHE BANK.

H. FIGGE,

Manager.

For the Busso-CHINESE BANK

J. W. R. TAYLOR,

Representative in Hongkong.

For the GUARANTY TRUST COMPANT OF

NEW YORK.

E..F. GROS,

:For

the

Acting Manager, INTERNATIONAL

CORPORATION.

CHAS. R. SCOTT,

Manager. Hongkong, 6th February, 1903,

BANBING

monetary use, with the decisive consequence of lowering the price 108. au ounes. India has, of course, continued to import large quantities of silver, for various purposes, since. What wo ure concerned with is the close of her mints and the immediate results. Nor is it a little remarkable that it was only now that silver parted from other commodities, and fell lower, DOUGLAS LAPRAIK & 00,

Agents for the Phonix Fire Ofhes in relation to gold. Notwithstanding that the Ts production had doubled, Sauerbeck's "Index Hongkong, 17th August, 1887.

Numbers" mark 74'1' as the relative price of THE WESTERN ASSURANCE COM-silver against 72 for commodities in 1891;

PANY OF TORONTO, CANADA. INCORPORATED 1831. Caal Security

...£625,719 ...£6,769,240 Total Losses Paid

THE Undersigned having been appointed AGENTS for the above Company, sre

At Current Rates.

prepared to ACCEPT RISKS against FIRE

"WM. MEYERINK & CO.

[142 Hongkong, 22nd July, 1902.

UN INSURANCE OFFICE, LONDON

FOUNDED 1710.

The Undersigned having been appointed AGENTS for the above Company, are pro pared to ACCEPT RISKS against FIRE a Current Rales.

SIEMSSEN & CO..

Agents.

[26 Hongkong. 16th May, 1892. WORTH GERMAN FIRE INSUR ANCE COMPANY OF HAN BURG The Undersigned AGENTS of the above Company are PREPARED TO ACCEPT First Class Foreign and Chinese Risks at Current Bates.

SIEMSSEN & CO. Hongkong, 29th May 1895

THE TANJONG PAGAR DOOK COMPANY, LIMITED,

SINGAPORE.

127

TO CONTRACTORS. THE TANJONG PAGAR DOCK COMPANY, LIMITED, Singapore, is prepared to receive TENDERS for the Construction or Keppel Herhear in Singapore, of the following dimensions, viz.

Length

100 feet/

58 Width at entrance, at sill lovel

20.. Depth on sill below H.W.O.S.T. as shown in the Drawings and described in the Specification.

Specification and Plans of the proposed Dock may be sean at the Offices of the Com. pany in Singapore.

The Company does not bind itself to accapt the lowest or any order.

Refreshing and Agreeable.

CALVERT'S CARBOLIC

TOILET SOAP.

A pleasant Antiseptic Soap (containing 10% pare Carbolic Acid). Should be used regularly To improve the skin and complexion and prevent infection,

F. C. CALVERT & Co., Manchester, Eng..

2594-2

whereas the figures were respectively 654 and 586 for silver, as against 08 for commodities, The market had steadied, and in 1892 and 1893. recovered even, to 301d. in 1896; when Japan's decision to change fromasilver toagold basis caus- ed a fresh depression, and the price fell to an average of 261 in 1898. Again there was a reccuvers, to an average of 277, in 1899 and 281 in 1900; when the prospect of the Indemnity remittances and a series of ulterior menaces brought about the slaap of 1902. In accord- ance with the experience that every fresh depression has inspired a freeh set of demoneti- sation, Siara, the Straits Settlements, French Indo-China, and even Hangkong and Mexico expressed, yearnings for a gold basis: Borneo and the Philippines echoed the plaint of the vanishing value of their silver coins; sad talk is heard even of helping China to establish uniformity and a gold standard-s task which the British Empire has not yet venterad to face; the natural consequence being that silver, which had fallen to 25 d. under the menace of prospective Indemnity remittances at the eloss of 1901, bad lost H CAKES, decorated another lid. by June and touched, as we have seen, the abysmal price of 21. in November, 1902.

itself

The

The

The question naturally suggests whether all these varions Governments will persevere in, and if so whether they can accom- plish, their object of "going gold." committee of the Hongkong Chamber of Com-

to establish a gold standard in that island while merce seem agreed that it would be impossible China remains silver; and a gold earroney for Chinu would be a work of fiation, surely, from which the author even of Alice in Wonder. lond might have shrank appalled. Philippines may be solaced by a special coinage of silver dollars to be rated, such as équivalent to half a U.S. gold dollar-although the treat- ment of the 75,000,000 Mexican dollars which ars estimate to erbstitute the present currency may give occasion for thought. Borneo will follow the lead of the Straits. It is not the first time that the Straits Settlements have dis- cussed the wislom of putting themselves on a W. G. NIVEN,

gold baris, Lord Horschell's Coram ttee was Secretary. The Tarjong Pagar Dock | invited to coaxiler the question, after it had tbrown its regis or the project of Company, Limited.

[3278 a ls, íd. rupes. An adverse opinion was then expressed for reavors which are scarcely affected in logical force, though they any ba overborns from the point of view of convenience, by the subsequent collapse of the exchange value of | the dollar upon which British Malaya has been accustomed to exist. Another Commission of Inquiry is now sitting in London, simultaneously with one in Faris, to inquire into the position THE FINEST FABRIC

Tenders shall be for a cost payable in Singapore, in Singapore currency.

Sealed Tenders addressed to the ander: signent, will be received up to the 28th day of February, 1993.

By Order of the Directors,

Singapore, 21st November, 1902.

UINART PERE & FILS, REIMS

Established 1719, CHAMPAGNE GROWERS AND SHIPPERS.

"

Ship only the Finest Quality Extra Dry (Green Seal)

LAUTS, WEGENER & CO.,

Sole Agents.

II ugkong, 17th May. 1.95.

FOR SALE.

(14

made by human skill is course compared with the Kning of the bowels. When this fender

T

COLD STORAGE THE HONGKONG ICE COMPANY, Lo

have now 40,000 Cubic foot of Cold be Open at 10 AM. and 4 P.M. daily, Sundays Storage available at EAST POINT. Stores will. excepted, to receive and deliver perishable goods

WM. PARLANE, Manager Hongkone, 18th Natembar..1901. [65 THIGH-CLASS CHRISTMAS

... from $1.00 0.60 Plain Christmas Cakes... German-Sand Cakes ...from $1 to $5.0 Assorted Pastry Cakes

... per dozen. 0,60 Scutoh Buns ...

frem. 1.50 2.00

Fresden Stollen

Mince Pies

wat

Chicken and Ham Pics

Chicken and Ham Patties Game Piaa

..per dozen 2.40 from. 3,00 2.40) from 5.00

Chris rass Puddings ko, to Order. Please apply to WEISMAN & CO., 142, Praya East; ANGLO-AMERICAN STORES, 64, Elgin Road; or ROYAL ÆRATED WATER DEPOT, Ice House Street.

[117-1 Hengkong, 19th December, 1902.

R. J. REMED108. FOREIGN AND COLONIAL STAMP

DEALER, No. 39, WYNDHAM HTREET, HONGKONG, Will be glad to send STAMPS on approval to any address on receipt of satisfactory refer

nces.

Is also prepared to purchase used POSTAGE STAMPS in Large or Small Quantities for Cash AGENTS WANTED. 15 to 25 mar cent, Dirvant Allowed 3199

CARBOLINEUM-AVENARIUS

IN CASES OF

ABOUT

...

USED FOR OVER 25 YEARS.

2 459 LES.

TRA

CARROLINE

MARK

WARIUS

LAVENARI

NET In Time of 45 LBS.

Throughly reliable preservative for Wood NE NEW EDISON (LATEST No. 71) memtinue is irritated we bars griping pains, and Stone against White Ants, Decay, Fungus

diarrhoes and cholera morbus. Whatever he Rot, and Dampness, OSCILLATING NIMEOGRAPH, the use

of the trouble, take Perry with ACCESSORIES.

Davis Painkiller according to the directious Apply to...

with each bottle. Travelers in all olimatas 298-11 (427 carry Painkiller in their gripsaeke.

THE ROBINSON PIANO CO., LD.. Hongkong, 4th February, 1903.

LUTGENS, EINSTMANN & CO.,

Sola Agents for China,

[344 Hongkong, 1st July, 1902

SIMPLICITY ITSELF. Pump will swivel on its bed-.

plate.

WHEN NOT REQUIRED FOR PUMPING. THE MOTOR

MACHINESY. CAN BE UTILISHD, TO DRIVE

WORKS WITH THE COMMONEST

PETROLEUM, PARAFFIN OR Kerosene.

Na shock or barah explosion

in cylinder.

EFFICIENCY,

ECONOMY AND

DURABILITY

UNSURPASSED,

THE "INVINCIBLE" CENTRIFUGAL PUMP MAT ALSO BE DRIVEN BY STEAM ENGINE OR ELECTRIC MOTOR DIRECT, OR BY BELT; AND HAS A WORLD-WIDE ZIPUTA ION FOL DRAINAGE, IRRIGATION AND MINING; ALSO FOR SEWAGE, WATER WORKS, AND OTHER PUMPING PURPOSES. CATALOGUES MAY BE OBTAINED ON APPLICATION TO THE OFFICE OF THIS PAPRE

J. & H. GWYNNE. LD.. ENGINEERS. HAMMERSMITH IHON WORKS, W., AND

CABLES: GWYNNE, LONDON.

81, CANNON STREET, LONDON, E.C. [1250-2

NOBEL-GLASGOW EXPLOSIVES.

323

DYNAMITE,

GELATINE-DYNAMITE

BLASTING GELATINE AND GELIGNITE,

DETONATORS, SAFETY FUSE,

AND ALL BLASTING ACCESSORIES,

MAGAZINES AND DEPOTS AT

HONGKONG, SHANGHAI, WEIHAIWEL.

AGENTS-

JARDINE, MATHESON & CO.

JAPAN

COALS.

MITSUI BUSSAN KAISHA MITSUI & CO.

HEAD OFFICE-49, SAKAMOTO-CHO, Torvo LONDON BEANOR-24, LIME STREET, E.C.

HONGKONG BRANCH-PRINOE'S BUILDINGS, Ion]House Staan

OTHER BRANCHES.

Now York, San Francisco, Hamburg, Bombay, Singapore, Sourabaya, Manila, Amoy, Changhai, Chefoe, Tientsin, Newchwang, Fort Arthur, Seoul, Chemulpo, Yokohama, Yokosuke Nagoya, Osaka, Kobe, Kure, Shimonoseki, Moji, Wakamatan Karate, Nagasaki Kuchinota, Sasebo, Maidzura Miške, Hakodate, Taipeh, &c.

Telegraphic Address | “MITSUI”. (A.B.C. and A 1 Codes:

and Freight Steamers.

CONTRACTORS OF COAT. to the Imperial Japarsie Navy and Arsenals and the State Railwaye Principal Railway Companies and Industrial Works; Home and Foreign Mai SOLE PROPRIETORS of the Famous Mike, Tagawa. Yamano and Ide Coal Mines; and SOLE AGENTS for Hokoku, Honde, Kanada, Kishima, Mameda. Mannonra, Gavura Oisnji

Sasahara Trubakure, Yoshinotani, Yoshio. Yunokibara, and other Coats

N. INUZUKA, Manager, Hongkong. 1111

A. LING & 00, 68, QUEEN'S ROAD CENTRAL FURNITURE STORE. FASHIO ABLE CENTRE CARPETS ELECTRO-FLATE, LIQUOR FRAMED and FOOCHOW LACQUERED WARE.

[265 Hongkong, 31st Cotober, 1902.

M

P

CHADWICK

KEW

DENTAL SURGEON, No. 39, QUEEN'S ROAD CENTRAL.

Office Hours--9 à‚m, to 5 P Hongkong, 19th March, 1902.

(9346