1903-04-02 — Page 5

Page

HONGKONG

BUSINESS DIRECTORY.

FURNITURE WAREHOUSEMEN

A CHEE & CO., Established 1859)

محمد

Every Household Requisite, Depot for

Bastien's Kodak Films and Accessories;

176, Queen's Boad Cartea): ^//

NOTICES OF FIRMS

CHINA COMMERCIAL STEAMJHIP COMPANY LIMITED.

司公限有船合串中

THE OFFICES of the abces Company have, TORS

he's

MR ROAD CENTRAL: 25 FLOOR. A DATA

* AM Hongkongs 21st Sureb, 1903, vrtca 924 CHEONG LEE & CO., Furniture Store PANETTE CHARGE A Bet tik atradan

THE HONGKING DAILY PRESS, THURSDAYAABRIL 2ND (1903) || {}

THE WORKING OF THE INDIAN CURRENCY SYSTEM.

(From The Stafist of 14th February.) It is very nearly 10 years now sinon the Indian mints were closed, and it may be worth wills to enquire in some detail info the war in which the new system is working. It wenld have been premature, perhaps, to have raised the question while the Administration was

argument which was commandy mood by the advocates of the closing of the mints was that the silver optrendy of India wwe wedonda The 10 years' experionis since the row introduced, has shown that this notion was a groundless as the preopding. Indeed, all careful observers were from the first well that it was utterly untenable. The Govera ment of India having decided to

close

SALE!

SALE!!

SALE!!!

FOR ONE MONTH ONLY FROM APRIL 1ST TO 3)TH,

REDUCED BELOW COST.

Established over 20 years. Importers and THE HONGKONG MAND - KOWLOON forcing the value of the rupee up to le, the mints, obstinately refused to buy elver THE WHOLE OF OUR STOCK OF.

Exporters, Teakwood Furnituen, Black- WHARF AND GODOWN CO, LD,

wood Jewellery Ko, highest gradu, kond

best and olienpest. 3, Queen's Bood

Central.

JEWELLERS

MAIBON LEVY HERMANOS

Diamond Merchants and Watchhiskers, 43 Watson's Building, Queen's Rund. Also at Shanghai, Manila, Paris and Iloilo

PHOTOGRAPHEL

M. MUMEYA, JAPANESH ARTIST.

Bromide and Crayon Enlargementa, and

DURING

MACGOWAN will Colony, Mr. R. J. ta SECRETARY of the shore Company

By Order of the Board of Directore,

EDWARD OSBORNE,

Hongkong, 28th March, 1903. THE "STAR" FERRY COMPANY, LIMITED

****** NOTICE.

F091

It would vadoubtedly have been unfair to itsell and cuin it Consequently money became criticise the Government too keenly during extremely segude and dear, not alone in the the recent period of famine Bat happily great centres like Caloutta and Bombay, but la Judis has now amarged from the famine the most villages, and even in the most distant rural districts. Then the Government period, and has entered, we trust, upon exchanged gold for rupees, substilating the new period of prosperity. The rose gold for the letter in the reserve Treasury on all good, and business is activa. Such of our readers as take an interest in meters security for the exchangeability of the note. The result of this was that after a time the of the kind we are here dealing with are aware that the India Council has beon cell-preserve in the Treasury ran down so low that it threatened to disappear altogether. The ing its drafts exceedingly well. late. Last

Government became alarmed, It ransacked week, for instance, it offered as many as 80 lace, and this work it offered 55 lacs, and it sold the every place where rupees were to be had through- whole on both occasions on very good terms. out the length and breadth of India. And after

also colouring Photos and relief Photos Colony, MFB. J.MACGOWAN will | That means that there is a very strong demand all it had in a hurry to buy s'large quantity of

Views of Chian and Manila. Work done for Amateurs; No. 8A, Queen's

Read Central STOREKEEPERS

aus

F. BLACKHEAD & CO.,

Navy Contractors, Bailmakers, Provision and Coal Merchants, Bole Agents for Hartmann Baftjen's Genuine Com-"

position Red Hand Brand

BISMARCK & CO., rigid healin

Navy Contractors,Bhip Chandlers, Provision and Così - Mérohsata," (Buil. makers, do Fresh Water supplied to

Vessels in the Harbour H

TURING my temporary absence from the act as SECRETARY of the Sore Company.

By Order of the Board of Directors

EDWARD OSBORNE,

Secretary

Hongkong 98th March, 1003

441

SUMMER DRESS GOODS.

MUSLINS, SILKS, FANOY FLANNELS, CASHMERES,

ALPACUAS, SHIRTINGS, PRINTS; &0.

MUST BE CLEARED TO MAKE ROOM FOR NEW STOCK,

WM. POWELL, LD.,

34, QUEEN'S ROAD.

for remittance to India from this country. The silver, and get it coined as quickly as wight be, rice crop of Baima, unfortunately, is not thus unduly runulog up the price. The drought good as that of 12 months ago; but it is a very and famines that have prevailed for referal (992 good crop for all that, and it is being bought seasons since have pressed so upon industry of

engerly, both for Europe and for Japan. Gotor kind that there has not been the NOBEL-GLASGOW EXPLOSIVES. ton, likewise, is being exported well and largely demand as formerly for an increased circulation. R. WILHELM SCHMIDT has been And the expectation is that the trade in' wheat But already the recovery of India since the Procuration from this date

NOTICE.

Mouthorized Sign our hen beer what drought has sudod has made as much progress

KWONG SANG & CONterafle Debat further pati DONALD mars upon the polley of those who revolutioniead

Abipchandiore, Balmakers, Previsioners, Coal Merchants, Hardware, Engiuser Tools Brass and Iron Merchants,

144, Des Voeux Road.

MORE & SETMUND,

2 and 26, Concaught Eas, Fraya Central. Shipchamaliers, Sailmakors, Riggers, Commission Agents and General Storekeepers Sols Agents for Shipowners Campókitkan Gray- hound Brand and Blandells Spence & Co.'s Composition. WATCHMAKELS

IDROZ & CO.,

14, Queen's Road Central. Hepairs of

Watches and

Cheeks by competent European ergerts at moderate rates

THE

EXCURSION TO MACAO.

ON 5TH APRIL, 1905.

(PALM SUNDAY).-

6.8. WINGCHAL" will leave her nenst Wharf (opposite the Central Markety for Macao' st 9 A.M., Bikep, tyden

Bhe will return from Masso at 9 2, sharp. Meals and Refreshments can be obtained on board ship.

Tickets 32 (return), obtafuable on Board!! Hanghong, let Apni, 1003. F1034 CHINESE IMPERIAL GOVERNMENT,

7 PER CENT"" SILVER LOAN OF 1896, E.

HALF YEARLY DRAWING,

INTEREST DUE ädd DRAWN BONDS

of this LOAN will be PATABLE at the Ofees of the Corporation on or after the Slet MARCH, 1909.

active, and thers are good grounds for heging BEATARAJEBSEN & CO. Hongkong, 30th March, 1903. 1008 that a new period of prolonged prosperity is satting in. The influence of the activo trade. NOTICE.

now going on upon the Money market is note worthy, and it affords en instructire commen-

the Indian currency system, with a succesSS which they and their saccessors are never tired of boasting of. Formerly, when exports were large eifver was shipped to India in payment, and being sent directly to the mints, it angmented the currency rapidly. But now

URING my absense, from the Colony MACDONALD, Engineer Barrigor Veritae will conduct the bushes of tað Burean Voritas in Hongkong from the Jef of April. ***

G. C. ANDERSON,

Borverer for Veritas. Hongkong, 31st March, 1903,

109 NOTICE.

MB JOSE MIQUEL ALVES has this HIDR

day been admitted a PARTNER in our

LM ALVARES & CO.

[1028 Hongkong, 1st April, 1963.

ALAT NOTICE.

TE hare authorised M. O. I. ELLIS Where G. ABERS RAYMOND to Sign saime Fer Procuration from this date,

6. JADAYID & CO. Hongkong, 1st April, 1KG. A22nd [1027

nobody but the Government can get silver coined in India, and therefore silver cannot be sent out in payment for Indian exporta. Consequently traders had to adopt, at consider able expense and trouble, a roundabout course, Gold is imported into Indis just as silver used to be formerly, is sent into the Trosary, sad le oxchanged there fur rupos. Thus the rupee circulation of India is augmented just as it used to be before the mints | closed, but India is put to the expense of flest importing gold, so as to set free the silver that And, is locked up in the Treasury reserve. furthermore, that roserve is depleted gradually, and has to be made up aguio; so that the Indian

TOY WRITER wanted, 15 to 17, with Government is put to an unnecessary expanse. B

good knowledge of English, Apply

WANTED:

that there is again a large drain of rupees out of the reserve Treasury.

We referred above to the very large amount of geld which is being imported from Australia. And this gold is imported for the purpose of gotting rappes out of the Treasary. At present

the reserve of ragess is only about li orores. If the drein gues on as it is going on now, the reserve will probably soon run-down to a figure when the Government will think it necessary to buy silver. If the dmin should not continue, the Government may put off buying the metal,

over some of the rupees that are now going out in the hope that cace the active trade season is to the interior will flow bank again. But if the drain goes on, and the reserve of rupees falls below 10 crores (10 crores=1,000 lacs) cleat it will be the duty of the Govern ment to make preparations for replenishing the reserve

It seems, therefore, reasonably certain that befere very long the Indian ware. Government will have to go into the market to bay silver. Whether it will do so before the end of the present active season nobody can yet say, but that it will have to do so before the present year comes to an end is extremely prob able. It is scarcely credible, indeed, that the Government will repeat the error it committed a few years ago, and allow its reserve of rupees to fall so low that. It will have to rush into the mariset in a kind of panic to buy. It will be seen from the above that the main argaments put forward for closing the mints have been proved utterly wrong by experience; and it is algo clear from the foregoing that India remains a silver-using country, only that the people are put to all kinds of annoyances and trouble to get the money they requiro, whereas formerly it was supplied to them easily and almost automatically.

In short, traders have to import gold, which is quite nunceded, in order to get rupees, which OFFICER IN CHARGE OF ACCOUNTS, are always in demand, and the Government has

HAM YASALLA NAVAREZ Ande Hongkong, 30th March, 1903. (1003 to buy eilyar in order to supply therapees. Ia this way a twofold unnecessary expenso is introduced. Over and above this, India has or become a competitor with this country for gold. At the present time gold is being shipped from Australia to India in very large amounts One single vessel recently took somewhat over half a million sterling in the motal to Indis. (995 The Indian foreign trade returns are mads up so tardily that the inpour of gold is not clearly shown. For example, we bare as

Mess

ENISHED BEDROOM in Peak District ENTLEMAN (Single) requires FUR or Kowloon. Pens preferred. Or would join

Apply to

M 495). [10%! | Care of Daily Presi Ofiles. Hongkong, 80th March, 1908,

WANTED.

A

List of Drawn Honds can be obtained onEACHER & SPANISH,

application to the und-raigned,

For the HON KONG & SHANGHAT

BANKING CORPORATION,

Agents issuing the Loan

J.R. M.SMITH

Chief MarscBL

Hongkong, 81st March, 1908.

1990

CARBOLINEUM-AVENABIUS

USED FOR OVER 25 YEARS.

IN CASES OF ABOUT

450 LBS. NET

TRADE

CARBOLINE

MARK

AVER

NET

*881 0 40 BRIT, B

Throughly reliable proservative for Wood and Stone against White Auta, Decay, Forgon Rot, and Damoners, Po

LUTGENS, EINSTMANN & CO.,

Sole Agenta for Chins, Hongkong, 1st July, 1909 5

BROWN, JONES & CO., MONUMENTAL AND ORNAMENTAL MASONS, Have on View and for Sale at their

Marble Fardu deg Thug ITALIAN MARBLE

NO SUBSTITUTE WANTED.

twice as large, or one made by yourselves. I did ask for and will not have any substitute for Perry Daria Painkiller; I have used it, my father used it and I would not be surprise! if my grandparents did so too, there is no imita- tion that can equal it. That I am sure of--for stomach ache.

yet those returns only up to the end of Novem-No! I did not ask for a bottle any cheaper, or ber, when the sotive Beeson bad only just begun. Address Akbaba

Since then the rate of discount both in Bangal SPANISH, Care of Darly Prom Office. and Bombay has gone up to 7 per cent, and Hongkong, 27th March, 1903. [970 there has been a very large drain of silver from the Treasury reserve into the circulation, the WANTED AT ONCE:

means of effecting the drain being scoured by OCTORS for Consting Steamers, with the shipments of gold from Australia to India,

European or British Colonial Diploms. But as yet the magnitude of the shipmente IGH-CLASS

Apply to CHRE LOYD,

Queen's Building,

NORDDEUTSCHER

Top Floor

Hongkong, 27th March, 1903,

WANTED.

Cannot be shown statistically.

During the first eight months of the current financial year-that is from April 1 to Novem 1975 box 30 fact the silver imported into Indis amounted to Rs. 8,52,18,891, against Rs. TOE the International Settlement of 6,91,48,000 the year before. It is true that s Kubota, most competent Man 3,38,11,960 were exported, but it will be gets that act to SECRETARY and SUPERINTEN as much as Rs. 5,14,00,925 were retained in DENT OF POLICE: Preference will be given | India. It used to be argued by those who to a man with some knowledge of Sanitary advocated the closing of the mints that silver Engineering. Balery $40 per month. There would be no objection to his accepting outside was imported into India mainly for coinage, work, provided the same would not interfere that India was being used by the rest of the with his duties. The selected candidate must world as a kind of damping-ground, and that a paea a Medical Examination,

great change would be effected, when once silver Apply toYEN BAKOLEG

ceared to be freely coined: Very soon, however, experience showed that this argument, was utterly wrong, for after the closing of the mints so large were the imports of the metal that a duty had to be clapped on to reduce the imports. Nearly 10 years have now elapsed since the mints were closed, and the figures cited above show how large continue to be the imports. It

TEMA AWINS ORR Chairman, Kulangen Municipal Council, Amoy, 10th March, 1903. dan mung (036

SHERWANTED.

[34 | INSTITUTION OF ENGINEERS AND

EHIPBUILDERS OF HONGKONG. WANTED » MANAGER for shove

Institution.” Apply to

HON, SECRETARY. Hongkong, 91st March, 1903.

Statuary Figures, Angels alongside Crosses

SITUATION WANTED.

(927

matters little what causes contributed to increase the importe last year. The fact is that every year the imports continue on á vory large scale, although the metal cannot be sent to the minte for coinage, although, further,

YOUNG ENGLISHMAN (24) 34 yours | it is subject to a duty, and although, lastly, the

beliske, Gelamus, Rastle and Plain Crossout East conversant with German market price is so much lower than it used to

and Headstones, also ES

AMERICAN MARBLE

Crosses, Columns and Headstones; and

ABERDEEN GRANITE

Crosses and Headstones

For adults and children's graves

CEMETERY MEMORIALS: made to ary design in Italian and America

Marble and Hongkong Grey and g

Blue Granite, to

Special attention paid to LETTERING IN ANY STYLE OR LANGUAGE VCS02

in imperishable land, lead coment, gold, or black,

All work materint guaranteed to be the best and most durable, ma

Prices to suit the times.

Designs on application.

Orders from outports carefully and promptly

Olos--No. 17, Queen's Road Central, 1st Floor. Marble Tari 2-No. 18, Morrison Hill Road, Hongkong

Hongkong, 9th January, 1903,

[3462

and French and Bocking, desires position in any capacity with firm of good standing.

Apply by letter to

GI.. Care of Daily Press Office. Honghong, et A príl, 1903,

WANTED AT ONCE.

for

FASTER

1029

ANGLO.CHINESE

MDISTRICT SCHOOL Balary $60

to $70 a month.

Ako PROBATIONER on $15 a month. Apply to undersigned,

EDWARD A. IRVING,

Inspealor of Schools,

Hongkong, 1st April, 1909,

1030

: QUAN WAB Cen GRANITE MERCHANT CONTRACTORS,

REZ & Dealers in pak ARBLE und GRANITE MONUMENTS. JASS

M

No. 1, QUEEN'S Road East. Estimates, Designs & Prices on Aplication All descriptions of Granite for Export. Hongkong, 17th October, 1999

28

b. We have thus incontrovertible evidence tint the Indian preference for silver continueS asstrong as ever it wow, that silver consequently is the un ural money of the country, and that it is only the prejudices of the British residents in India that keep the mints closed. Another

LARGEST HALE OF ANY DENTIFRICE.

CALVERT'S

CARBOLIC

Tooth Powder.

A unique and affeacions proporation, for claspsing the teata and strengthening the guars.

P.C. CAFTERT & Co., Manchester, Eng.

CAKES, decorated Plain Christmas Cakes... German Sand Cakes Assorted Pastry Cakes Scotch Hans ... Fresden Stallen ... Mince Pios

{298-25

CHRISTMAS

.... from $1,00 0.60 ...from 81 to 35.0 » ... per dozen 0.60 from 1:50 2.00 por dozen 2.40 from 3,00 2.40

***

DYNAMITE,

GELATINE-DYNAMITE.

BLASTING GELATINE AND GELIGNITE,

DETONATORS, SAFETY -FUSE,

AND ALL BLASTING ACCESSORIES,

MAGAZINES AND DEPOTS AT

HONGKONG, SHANGHAI, WEIHAIWEI.

AGENTS—

325

JARDINE. MATHESON & CO.

RICHMOND GEM CIGARETTES.

RICHMOND GEM CIGARETTES ARE MADE FROM PURE SUN-CURED VIRGINIA NATURAL LEAF TOBACCO. ABSOLUTELY PURE.

"THE NEATEST TAING OF THE DAY,"

Packed by a special vacuum process in air-tight time of 50's, with bamboo mouthpiees and handsome carved Cigarette Case which its the pucket.

TO BE OBTAINED OF MESSRS, KRUSE & CO.

MANUFACTURED BY

THE AMERICAN TOBACCO. CO.

BRANCH

BRITISH-AMERICAN TOBACCO

COMPANY. LIMITED.

LEMP ST-LOUIS

JUST LANDED.

CELEBRATED

AMERICAN BEER

66

TEMP”

99.

G. GIRAULT. AGENT.

HAMMERSMITH

from 5.00 J. & H. GWYNNE, LD., IRON WORKS

Chicken and Ham Pies Chicken and Ham Patties... Game Pies Christmas Puddinge do, to Order." Please apply to WEISMAN & CO. 142, 64, Elgin Hoed; or ROYAL ÆRATED Praya East; ANGLO-AMERICAN STORES, WATER DEPOT, Ice House Street. Hongkong. 19th December, 190A.

TO BE PUBLISHED SHORTLY. A NEW STREET INDEX,

BY

ARTHUR CHAPMAN, Government Assessor,

F117-1

Intending Subscribers are requested to send, as early as possible, Orders for as many copies as they may regaire, to

THE GOVERNMENT ASSESSOR, The Treasury. Hoakgang, 19th February, 1903. ·

UINART PERE & FILS, REIMS

Established 1719, CHAMPAGNE GROWERS AND SHIPPERS.

AND

81, CANNON TREET, LONDON, E.C.

INVINCIBLE" CENTRIFUGAL PUMP,

AND PUMPING ENGINES.

MAKERS OF THE

The most

Economical

and most Successful in the

World.

Special Pumps for Liquids charged

1575

with foreign

matter, also for

Oyanide, &c.

Ship only the Finest Quality Extra Dry (Groon Seal).

LAUTS, WEGENER & CO.,

Sole Agenta.

[14

CABLES: "GWYNNE, LONDON,“

FOR DRAINAGE.

IRRIGATION; RECLAMATION,

MINING,

SEWAGE,

WATERWORKS,

&B., &c.

Pumps, large and

small, for all purposes.

HIGHEST AWARDS WHEREVER SHOWN

• INVINCIBLE" HIGH SPEED OIL MOTORS FOR DRIVING

DIRECT CENTRIFUGAL PUMPS, DYNAMOS, &0. Illustrated CATALOGUES MAY BE OBTAINED ON APPLICATIUS TO THE OFFICE OF THIS PAPER 1250-3

Hongkong "7th May. 19.

CARTRIDGES. IMPORTED EVERY MONTH, THERE

HONGKONG JOCKEY CLUB: FORE ALWAYS FRESH.

GENERAL HALF-YEARLY MEETING of the Members of the LEY'S, SCHULTZE'S, AMBERITE

and KYNOCK'8: SPORTING bore Club will be held in the CITY HALL CARTRIDGES 8, 10, 12, 16, and 20 BORE on WEDNESDAY, the 5th APRIL, at and NEWCASTLE CHILLED SHOT in 16 O'CLOCK P.M. all Bizenys 10 to 868G, AIR GUNS and AMMUNITION in Variety.

WM. SCHMIDT & CO.

[1125 Hongkong, 28th November, 1902,

KEW CHADWICK

MR

DENTAL

BURGEON

No. 59, QUEEN'S BOAD CENTRAL

Office Hoars-9 AM to 5 P.M. Hongkong, 14th March, 1903,

1839

THE

By Order,

J. GRANT,

Becretary,

[1000 Hangkong, Slet March, 1903.

THE AMERICAN SYSTEM ·

DENTISTRY,

DR M. H. CHAUN,

WINCHESTER CAEABINES. 1,12 SHOT REPEATING, CALIBER 41.

Excellent arm for Travellers in the interior of China as well as Ofcers of Coast SteamETS.

ALSO CARTRIDGES IN STOCK." LUTGENS, EINSTMANN & CO.,

14. Des Yeux Roin AVID O.OESAR

D MERCHANT NAVY

(274 SON

NAVY BOILED LONG FLAX H BELLANCE CROWN TARPAULING B

CANVAS.

(796 853]

27 DEB VAUX ROAD CENTRAL HONGKONG From the University of Pennsylvania, U.S.A

Hangong, 10th March, 1903.

ARNHOLD, KARBERG & Cɔ,

Sole Agents