1908-03-04 — Page 9

WHY NOT RE-MONETISE SILVERT

The present in a currency crisis, a money famine, Trade generally has been good and expanding, and the yourly reviews of the markets for all commodities spook of the fall in prices ma belt from the blue. To the student of qurrency the only really surprising circumstance of this credit

ayolo was the boom in values at the beginning of the year. The truth ending the tale of 1007 is that, there is not enough caab to do the world's business.

In a panic year London hankers' slearings actually show an increase of 19 millions on a total clearance of 12,370 millions! And all this immense mass of finance revolves on a gold reserve of 20 millions! It is plain there is tog much paper and not enough solid cash used in commerce, And the news comes that the United States proposes to regain its loancial equilibrium by the creation of still more paper! How fantastio!

In most criticlame of the present monetary position the increase of speculation is blamed for the hold-up of the world's finance, as thongh all trade and commerce is not chiefly speculative. The fact stands that while trade and speculation have increased rapidly through the evolution of civilisation, cash money, in proportion has grown slowly. The old simile of the inverted Esramid comes to mind appropriately. The superstructure of credit has grown vortically

while the basis of cash has merely

and lateralen. alightly

Mr WB Ridgeley, the United States Comptroller of Curquoy, proposes a centra back to bold the banking reservis. That is merely appointing a policeman to watch the existing banks. Besides, where are the reserves? There are practically none in the States to day if there ware, cash payments would not. he suspended, All their hard specie and bullion is needed by the United States bankers to keep the wolf from the door, Spandau and Cronstadt will not yield up the bitutors renture to oblige tim Yankees, nor will the great Bank of France, the grandest bank of them all quietly part with ite gold to help avo a smart barium om munity who were in 1872 se Pager to scrap silvor sud in 1878 so sorry for the error, And eran Lord Goschen's proposed silver notes will not roniove the impasse, for after all they would be mere paper, nad the Coutral Bank has first to recover the 125,000,000 oz. of silver Washington held in 1894, when the Sherman Act was stupidly repealed. Those Brooklyn savings barks which snapped like To Smith's crackers last October would have been glad of some of that silver. No, the Yankees, like

THE HONGKONG DAILY PRESS, THURSDAY, MARCH 5în 1908,

Dear moner burts enterprise and is only beneficial to a tow. Cheap money and plenty of it means high prices and brisk trade, both good for the multitude. Since 1873 approximately 1,300 million pounds worth of gold north of produced, and million pounds worth silver. Why should not most of that sils or have been made into money? And why should it not now be attracted from its hiding places by expiating the world's greatest financial crime and declaring silver a proper legal support for all credit operations George D. Mitchell in the Magazine of Comincrce.

THE TRANSVAAL ASIATICS..

AUEREMENT BETWEEN ALL PARTIES.

Johannesburg, January 30th. As the result of protracted negotiations between the two political parties, a setilement of the Asiatic problem was concluded this evening. Mr Gandinspres the dag with Mr. Smuts while the other members of the Executive and the leaders of the Frogresives conferred in Johannesburg, keeping in constant touch with Mr. Smuts.

AN EXCITING BALLOON ADVENTURE.

The Hon. Mrs Asshetos, Harbord, who left Batterson in a balloon on January Sist in an at- tempt to win the Northcliffe Challenge Ung has given the following detailed account of voyage

Mr.

TALKS WITH THE DEAD.

BIE OLIVER LODGE'S LATEST.

the other side."

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WINE SPIRIT & CIGAR MERCHANTS,

Is the above sentence Six-Oliver Lodge, the principal of Birmingham University in a paper on Automatism and Possession," read before the Society for Piyanical Research, sum. med up some remarkable. investigations, ia which commasiration is claimed to bata benu established between the dead and the living.

The automatista, as Sir Uliver called them, TELEPHONE No. 135. through whom these results were obtained are Mrs, Piper, whose fams, bo said bad spread into all lands, and hire Verrail, whom ho described as "one of the sanest and nontest of investiga ters endowed with some power of acting as translator or interpreter between the paychical. and the physical worlds."

"There are also,” he added, “atkér· Indies to some extent concerned in the recent phenomena (Mrs. Thompson, Mrs. Holland, and Mrs. Fortes), who are likewise above any suspicion of duplicity."

We also find them answering specific questions in a manner characteristic of their Bog puslities, and giving ezidunes of knowledge appropriate to them.

Not easily or early do we make this admission. In spite of long conversations with what purports to be the surviving intelligence no menas convinced of their identity by were general conversation.-

Hongkong, 3rd March, 1908. CHAMBER OF SHIPPING OF THE

UNITED KINGDOM.

The report of the council of the Chamber for 1907, which was to be submitted to the annusl meeting on February 14 at the Cannon-street Hotel, is a long document, dealing with a variety of subjects interesting of shipowners,

The connoil, as usual, kept a careful watch the hill introduced into Parliament daring last Session througits Parliamentary committen. the most important of these measures was the Merchant Shipping (Tonnage Deduction for Propelling Power) Bill, which received the Royal Assent on August 28 inst. The coin- oil bapo that this troublesome question of tonnage manzurement bas ting been settled

Whatever happens henceforth, bankers will have to keep more gold, and this means lessened banking profits. It illvar were mated with gold as a legal reservo, the position it held for 2000 years before 1873, benkers would regain those diminished profits by the increase of

The boundary between the two states-the business in a faw years, and bank managers because their

present and the futura-is still substantial, would sleep more soundly

I left Battersea Gasworks in my balloon,at it is wasring thin in places; and like reserves of coin would be dontded. It is considered heterodor and Fallacious to say that the Valkyrie, 60,000 cubic feet, at 9.45 on Friday aravators engaged in boring a tunnel from the moro civilised wo grow and the larger night, January 31, to make an attempt to in opposite ends, amid the roar of water and other our transactions the more coin we require the Northallife Challenge Cup for the longest noises, we are beginning to hear now and again The one-standard school bas always preached distance travelled daring the present year, the strokes of the pickaxes of our comrades on the principle that growth of credit makes J. F. Pollock accompanied me as pilot, this ba

again for growth of confidence, and time and this teaching has been provel wrong. The to decor th crossing and my third. Webad considerable diffonlty in getting awayowing to error in the reasoning is that panie alternates the high wind that prevailed, but taking and always will alternate, with coufflence, and advantage of a momentary lull, we cleared a it is for times of panle bankers that ecunomists very high grometer and went straight up to a should prepare.

height of 2,500ft. We took with us 17 4510 bags of ballast, four of which we used in the first three-quarters of an hour. Aure 30 the Valkyrie encountered a violent squall which caused the car to sway to suck an extent that wo had to hold on to avoid being thrown out. We sighted the const at 10 minutes to 11 and left it at 11.7, an hour and 20 minutes from the time of starting from Batteries. We were then at a height of 3,700ft. The night was very dark, but we gathered from the bend of the const that a wore leaving the land to the right of Dungeness. In the middle of the Channel we could see the revolving lights on both coasts, and recognising Benlogue we concluded that we were passing over the French coast near Le We find." Sir Oliver continued, in describ Torquet, which we afterwards found to being the results of the investigations, "the late correot. We sighted the land at 11.20 and Edmund Gurney and the late Richard Hodgson reached the coast at two minutos to 12 at a and the late F. W. H. Myers, with some other height of 3,700ft, the crossing having taken less knowu namas constantly purporting to 51 minutes. The ses crossing was the quietest communicate with the express purpose of and the most univenutul part of the voyage patiently proving their identity, and giving for at-1.30 wo experienced strong vertical- us cross correspondence between different currents which made the balloon shoot up very mediums. rapidly, and whom it encountered a downward vertical current it fall with great spoed, waking continuous discharge of ballast Lecessary. Thoro was a good deal of sheet lightning and the atmospheric conditions were very curious, The our hoop and nook of the balloon seemed illuminated us if by aleetria light, which, when The leaders of the Asiatics finally wrote to rubbed it, rade my gloss appear alight At of these friends and investigators, we were by ranched the House of Cemmors too late in Mr. Smite that their opposition was never 2 o'clock we snoouuta:ed a terrifle sue storm, directed so much against the taking of finger which covered us and half filed the ballego,

"This was so oven when of a friendly and prints as against the element of compulsion, which was considerably affected by the extra

intimate character, atch as in normal cases They therefore repeated their offer.of voluntary weight has thrown upon it. Subsequently we registration if the Registration Act were repeal gain found paraelves rising very rapidly, would be co sidered amply-and-overwhelmingly ed. At the same time, they recognized the and after attaining an attitude of 8,000 sufficient for the identification of friends

were falling impossibility of repeating the Act during the feet we discovered that we recess, and they uoted Mr. Smut's repeated equally rapidly. The discharge of five bags me say, through a telephone or 's

typewriter. effect declaration as to the improbability of its of ballast in four minutes had no

required definite and crucial proof the period within which registration was height of 1,500ft, the bottom of the car crashed.

difflenlt to supply, ⠀ to take place under the Act hal expired, down on something ith great force. The trail and therefore registration must now necessarily rope then began catching in everything it could ba voluntary. They respectfully suggested that find, giving the car very violent jerks. We Asiatics be allowed to register within the next were dashing along at a terrific speed, and the three months, those thus registering being night was so dark that I could soarcely. freed from the penalties imposed by the distinguish Mr. Pollock, the roaring of the Act, and the Government meanwhile taking the wind combined with the heavy snow making us necessary steps to legalize such registration extremely anxious, as the last bag of ballast had this arrangement to apply alec to Acintios butside not the slightest effect on the balloor, and the Colony who were fagalis entitled to return, having only three bags, left, we realized there The Aiganturies had no objection to the was-no-alternative but to make a descent and requirements of the Act being observed as far chance were we should land, as we were as possible, provided the officials did not demand completely enveloped in darkness. So Mr. information the furnishing of which offended Pollock opened the valve while I crouched low religious susceptibilities and received discretion, down in the car, foeling rather thrilled at what to dispense with flager prints in the cases of might happen. Down we crashed with great educated persons, property owners, or others who force straight into some trees. Mr. Pollock the wind carried could be identified, the signatures of swed ripped at once, bai, persons being accepted as sufficient. The us up, again, and down we ose with signatories assumed that the acceptance of the basket overturned, Mr. Pollock shouted their anggestions would mean the suspension out. Are you in? and I called back, of prosecutions and panishments during Yes, for I was holding on for all I knew, the the period named, they undertaking on violent encounters with the trois making it their part to induce their compatriots to very difficult to avoid not being throwa out, register and to withdraw their countenance from At last a tres caught the envelope, causing a thore who neglected or refused to register, or large tear, which, combined with the

brought us to a standstill. After we had In conclusion, the signatories declared that callouted our senses we got-out sad found we In 1878 Ernest Soyd predicted that the de- they were most-anxions to prove their loyalty, wore in a dense forest, far-away from any monetisation of silver would seriously affect and that they were willing to adopt the course habitation. There was nothing for it but to wait till dawa, and conjecture what country we the commeren of the world. And it has indicated to end the present difficulty in a way bad descended in. at about 6 it became light, done so, and will continue to do so netil the | which would neither involve any viointion of uations double their supplies of cash by re-conscience nor the infiction of any stigma." so we started off to get out of the forest, androguised communication may some day occur habilitating silver, Monometallisin is a luxury for the great civilised nations. For the asmi. civilised, which are always debtor nations. moncmetallien is's disease checking production and strangling advanos, The semi-civilised sations were forced to follow the fead of the civilised, and at inundong cost, to literally chuck silver side at the behest and for the eweers of money, the monetary kings of finance whose interest it is to see currenty source to make money dear.

for, at all events, some years to com" Another important Bull was bay for limiting the liability of owners of lighters and barges for loss of life, damage to goods, &o, in the same way as that of stupoware is limited. The Bill paned the House of Lords, but

the Session to be pressed forward. Among other public Bills upon which the excontive of the Parliamentary committee found it necessary to keep watch during the Session were Mr. John Taylor's Engines and Hoiler Parsons in

andis Marke Bill, and Mr. Eruost Lamb's Charge) Bill, Bir Howard Vinerat's M-reli Wages Boards Bill. All these Bills were, however, eventually dropped by their promo

be able to report that the Parliamentary Session of 1917 ended without any public Bit which is detrimental to the interests of British shipowners as a body having received this Royal Assent."

vorybody else, want hard cash. mutal, specie, tropeal. They pointed cot, however, that in chenking the descent, and suddenly at pròof difficult oven to imagine was, well uters; and the souncil are; therefore, glad t

and want it badly."

In a pario people want money, not promises to pay. In 1593 Australis found out and prov ed that iruan. Most of the biz Australian banka had no right to cise and stop payment. The auntry's isolation from Europe prevented gold arriving quickly enough, and before their reserves of bullion vanished the banks trok the beroic step of going into reconstruction, which was after all a temporary moratorium. The Australian banks are stronger now than any group of private bucks in the world. Why? Because they hold gold, the standard of value, to a needless extent, as till-money and as reserves, It means lose of banking, profits, and in the scales these ought always to be outweighed by prudence,

The world domuiris more cash in its mari, for it can always and busily oreate credit. It has to dig up its cash, and that takes some time and some luck, and when the gold to slowly and laboriously poorthed, those invite rate hoarders, the warlike natioas, tnner and secrete the bulk of it. Why not, then, rumane- Lise silver? It makes just as good money as gold. After all, they are both mero tokens When ooined Nathless, the nations have decreed

that the one shall be a standard of value and the who were not entitled to do so, other a commodity like wheat and iron.

To sit primary producers of raw material, wheat, wool, metals, &c., the caiting out of silver ss money doubled value of gold. Wheat and silver both fell in ralue by one-half directly silver was divorced from gold as an equal legal tandar. In the. United States the Bland and Sherman, lave to reconstitute silver as money failed, and that country is suffering from an

's letter is dignoil by Mr. Gandhi and other

after balf an hour's walking wa fennd ourselves

The ostensible communicators realise the need of such proof just as fally as we do, and have done their best to satisfy the rational demand.

Some of us think they have suceeded Others are still doubtful.

Com-

As the result of a conference between Mr.1 "I am onajof those who, though they would Lloyd George and various bodies interas ad in like to see further and still stronger and more shipping, an advisory commities was appointed continued proofs, are of opinion that a good by the Board of Trads last year to advise case has been made out, and that, as the best it in making rules and regulations affect working hypothesis at the present time, it is ing merchant shipping which was satis legitimata te grant that lucid moments of factory to all concernet. Of this intercourse with deceased persons may in the mittes Mr. Norman Hill, a

member of best cases supervene amid a mass of f supplement the Shipowners Perliamentary Committee,

was made chairman. We expect to be resolved with incredulity." The Parliamentary Committee has recently What we hire to anpouses is the reception ly been taking strong representatious to the oid but developing methods of carefully con- Colonial Office and to the Board of Trade with strunted aridagen of identity more exact and "e view to induce thom Departments to more nearly complete thau perhaps ever befors, ¦ maintain with respect to both Australian and

"There Las been distinct co-operation be tween those on the material side and those on the in material aide.

arp material

We are at liberty- not, indeed, to announce any definite conclusion-but to adopt, as a working hypothesis, the ancient deatrine of a possible intercourse of intelligence between the material and some other, perhaps ethereal; order of existenes,

"Some people have expected or hoped to communicate with Mars; it appeara likely that with less removed and, indeed, teas hypothetical dwellers in for perhapa not in) the real of space.

Sir Oliver Lodge proceeded to state what he and the investigatory orted evidence demanded. in our own minds; or, as some think, in the We discount the wit seas of anything that is

Asiatic leaders,

onaisin roml, slang whiob we walked for an hour. At last we discovered. Mr Sute, in his reply, said that be appran autting trees, whom we hailed, and cisled the step taken in response to his pubiic discovered from him we had descended in the declaration, that if the Asiatice volanteored to department of the Meuse near the small village of register in a body an opportunity would be given Handiomont. We made him walk back with 18 them to do so. The Government could only to show him where we had descended, and ha accept registration in a form simfiar to that promised to return with a cart, which he did into any living person," he said. presoribed by the Act, subject to the alight three hours. In the montime we had been alterations which the signatories of the letter discovered by more rood.cat:ere, who set to to him-had-mentioned, and he promised to work to help us, and with their maistane ws lay the matter bafors Parliament. In packed up the balloon. The ouvelope being the meantime, the penalties provided by high above as on the trees it was with much the Act weald not be enforced agniurt difficulty we got it down, and also the trail rape, those who registered, the Government accept which was stretched far away on the tree tops. the assurances of the leaders that they Wa also had to collect various pieces of the would make the registration effective.

ballcon envelope, which we discovered hanging The Government has telegraphed to Lord from branches, on one of which we found the

world.

"Thus, is the difficulty of incontrovertible proof enormously increased

How then can we ever by any means hope to props ideas or poste

(a) By cross correspondence. (b By information or criteria new to the

anmething of both these tests.

"I claim that recently we have begun to get "Cross correspondence-lant is the reception of part of a message through one medium and bing understood by either je od evidence of one intelligence dominating both automatists.

"It the message is characteristic of some one particular deceased parson, and is received by people to whom he was not indiately kawa, then it is fair proof of the continaed intellectual activity of that personality.

*

12, QUEEN'S ROAD CENTUAT.

(35

PERFECT CURE OF

SEVERE ECZEMA

Disease Had Lasted Over Two Years -Several Remedies and Medical Advice Proved to No Advantage- Feared He Would Lose Position- Immediately Relieved and Perma- nently Cured by Use of

ONE COMPLETE SET

OF CUTICURA REMEDIES

I had zema for over two years on my orly and necks I had tried several teraédies and also had privutų. medical advice. al topu advantage, This was a source of grout worry to mo, being in a business where i have to handle food and my trouble, if known, might have meant the loss of my forth. When I was advised ti try. The Cuticurs *Remedies, I did so, and I am very thankful to sily the eczema began, to - get bétfor at once and before I find used one set, comprising Cuticura Sup, Catioma-Vinhaent, und Cutira Her Boivent Pill, my skin was quito clear- of eczema. It is now eighteen monkha sineo- I tried the Cuticura Remedies, and I have had no return of the qume plaint, so I think that Cuticura, has the right to the credit of curing me W. Jennings, 100, Belle Ville Rond, North- cote Road; Clapham Junction, Dec. 13, 1900,

ITCHING RASH

Kept Little Girl Awake. She' Scratched Until Blood Came. Cured by Cuticura Remedies.- "Some time ago my little girl suf- Percel from an itching rash on her back and lega. It was bad both night and day, but worse at higuts. When warm in bed, she could not rest for she used to acratch until hood cure. She wws, nhout two years old when I tried Cuticura Soap and Cuticura Dintment, One cake of Cuticura Soap and wait u box of Cuticure. Olutuent made her all right. She Is four years old now... and quite werdt. Mrs. Annie Graham, Hobinsona Cottages, High Seaton, near Workington, Cumberland, Dec. 10, "06,"

„Chentsiete Uistemal and lutorand Treatment for Every weerül tudnnis, Childringanet Andalan mens Site of Cada Soap to Cleaner The Skin, Cutleura Peter Mié-Shin, and concur exal

10 herolate Cajedy, The Purify the Ettound. A Sounde ser oftigi Cures, Send füreight Re work). →→→ Bapmics Lonniòng 27, Chargeritine Sr. B. Towne erder Lurkin, Eugie/Pown, per 35 Paul, Cucutin, Poi terilang ami étem, forn, zieke Pospisi

Post-frontaleur Tout un pikde Towness

48.24

ASIA AND WHITE WORLD.

The Daily Chronicle says:-

We hope very much that there in substancu

sente money famine, which can only be relieved Elgin the basis of the agreement; at the same fard pipe, which been anfirely tora öll part through another, neither portion separtels were ready, if necessary, to faci the loss.uziù the reports now-current in the Transvank

by making more cash, The 15 millions sterling of gold recently imported into New York is ass pin thrown in a whirlpool. The United States claim a population of 88,000,000, sad, deducting six million Filipinos, not yet oon- quered nor enfranchleed, 80 million people try to carry on's volossal trade on 296 millions sterling. of gold under imperfect and out-of-date bank: ing and carreusy systems, France with half the population, has 12 millions of gold and 85 millions of silver, and France is immane From panlas

time informing the Colonial Secretary that the gentonces on all Asiatica new imprisoned

under the Act will be renütted tomorrow,

parties.--Times".

This course was agreed to by both political

UNDER-WATER GUNNERY.

CURIOUS RESULT OF THE "ZERO" KXPERIMENTS,

Unluckily we smashed all our instrumente, the first crash quite settling the stato. The drive of ten kilomètres to ací pe.

Verdun took eight hours, as the horse went at a snail's pace, and a remarkably cold drive it was in a bitterly cold wind. If we could possibly have weathered the storm, we could have had a tremendously long rus, but there was no alter pative for us under the circumstances but to descend. A great deal was due to Mr. Pollock for his presence of mind and quick action when every minute was of the utmost importance, for it takes good' dml of norre to make a descent in 's pitch dark night without the faintest idea of what one will land on. It was a anomplished will, no doubt, soon be besten, thrilling experience, and though the distance it was a very sporting run and one always to ba remembered."

"If, further, we get from him a piece of literary criticism which is eminently in his vain and has not occurred to ordinary people, not to either of his medioms, and not even to the literary world, but which is appreciated ad sound as well as characteristic criticism, showing a familiar and wide knowledge of many ages

New Zealand legislation the important prinsiple that when British vessels und complied with the provisions of the Imperial Merchant Ship ping Act, 1894 (od any subsequent Acts which might be passed Amending that Act), such vessels should thenceforward be exempted from any additional provisious contained in y Murobust, hipping Acts passed by Colonial Legislatures. In March and April, 1907, a conferenes composed of representatives of the United Kingdom, Australis, and New Zeland mot in London with the object of obtaining as much uniformity as was possible in Imperial and colonial merchant shipping legislation. The council has been corresponding with the Foreig result was very disappointing; the council say:-- "It became obvious at a very curly stage in the Office and the Brard of Trade on the subject, and their representations are receiving attention. proceedings that it was ille to settle with The council has furnished witnesses to give the colonial delegates standards applicable to evidence before the Royal Commission on The delegates from this colonies, and in part mitice appointed to investigate the question of all British shipping in all ports, of the Empire. Shipping Hings and the Departmental Com cular the majority of the delegates from Australia, were determined to maintain

a national indenuity su trins war of the jorisdiction over shipping in their ports, nation's properly at sea.

These and various other matters will be whether such shipping belonged to the Waited, discussed at the annual meeting. Kingdom or to other nations; and in regard to such shipping to lay down anob sinndards as they thought advisable. ...The colonial delegates, and in particular the majority of the would listen to no arguments based on mery delegates from Australian Commonwealth,

business consider tions, or on the com pelling force of economic competition, and they diversion of trade rather than forego in any about a compromise in the matter of the way their right to regalato trade in what they registration of Asiaties. If General Botho belfared to be the bast interests of the and Mr. Suxta cau ffect this object they will inhabitants of the colonies. It was, therefore, desarra wall of the Empire. The exclusion of obvions to the shipowners' representatives at the Asiatics in the future may be necessary the conferens that if any practical results from the Colonial point of view; there is a were to bo obtained from it they must be by great deal in "that point of view with which we limiting colonial jurisdiction and, securing, so strongly sympathise; but Imperially, it is an far as possibla, the soceptance of Imperial unwela ne necessity, and it in a great pity that certificates for vessels within colonial juris it should be accompanied by hurshes towards the Indians already in the country, which adds diction.

A private meeting to consider the Australian not unreasonably to the indignation fell at Navigation Bill was held at the Board of Trade the whole policy of exclusion. There is a on November 21. last, at which Mr. Edward very able article in the

Fortnightly Dunlop, aut Mr. Norma Hill were present as The white world is soring lo spontaneous con Pembroke, Mr. H. T. Fernie, Mr. J. the general aspects of this larger question, the representatives of British shipowners, cert to exclude the Asiatic. In the policy of together with officials of the Board of Tratte this country towards Chinese labour, in that of and the Colonial Ofee. At this meeting the the Travaal towards the Indians, in the race provisions of the. Anatralinu Navigation Bill riots in the United States and Canada against 1907, were considered, and, af er a careful the Japanese, in the restrictive laws cf the examination of the measure, it was arranged Australian Commonwealth. the same spirit of that, his Majesty's: Government should com- axolusion may be seen. What, asks "Viator municate by cable with the Government of in the "Fortnightly," and ho is a traveller who the Commonwealth of Australis drawing their thinks, if some day this spirit and policy On the 4th at 11.55 amThe, barometer attention to the principal point upon which the should create the political unity of Indi has fallen considerably over S.W. Japan and fill appeared to be in conflat with the resolutions and the fighting nuity of ANIL??

the white the Levshvos, owing to the depression which is agreed to at the Colonial Merchant Shipping world in throwing Asia back upon herself new moving Eastwards to the Sonth of Kiasis. Conference, 1907, and further that this cable while at the same time claiming open doors Pressure has increased considerably to should be followed up by a despatch dealing in and equal treatment for itself in Asiatis moderately over N.E. Japan and Central China detail with the objections to the Bill se intre- lands. What if some day. Asin should have.

the past ten years and beets coined and pat

court of Chins, a low presure trough remisining of bis Majesty's Government may lead to an combined action, upon when do it by alteration of the more objectionable features seem to her a monstrous situation E Such to use as a medium of exchange, there would be the Hero in the most vulnerable part below if the Christian gods helped him over the Havel.

Fressure is high over N.. Japan and Central of the Australian Navigation Bill, 1907.” question will be dismissed, perhaps, or No money stringener to-day, and E100 Consols the edge of the water-line armour-the effect of River in his flight from the Margraf of Branton Chins.

The council appointed a sub committee the future to look after; but meanwhile the Mould Lave tonshed £80! If it had not been which would be much the same as that of a tor- burg. Jaczo escaped, kung his shield on an oak Gradients are rather steep and strong June last to consister the question of the Port question of resitiction in relation to British for the increase in gold production from 40 to pedo

monsoon is exper-ed-to-set-in-again-in the of London. The sub-pammittes formulated at India is one for politicians of to-day to con- 85 millions sterling since 1850 the phenomenal trade expansion would not have been possible, experiments, this method of attack will be Christianity. The existing, monument com- Formosa Channel and the N. part of the China scheme, whiol was approved by the council, the sider. Indis needs outlets. For her sarplas

It is possible that; as a result of the Revenge tree on the bank of the stren, and embraced

memorates this.

her colonising morgy. Tu the opinion of the executive council of the Where is she to find it, if every door into Hongkong rainfall for the 24 hours endine general principle of which was thus stated:-( population and It would simply have been throttled from lack developed.

Chamber of. Shipping of the United Kingdom the white world is to be closed to her? Mr. of cash, offerwies known as gold. Without the increase in gold, thanks to South Africs sad descende come distance below the surface of the hazy notion of the legend, so that the war lord at 10 am, to-day, 0.35 inchos

remarked

it is of primary importance that the practical Churchil has been thinking out the question Western Australia, there would have been a water, and the guns will be simed at various if he kept his the treat would do him no here his (the Volunteer's) nose more in his

control of mattera connected with the Port of during bis visit to East Africa, and his speech permanent 7 per cent. Bank rate, with its points short of the target in order to discover books: Turning than to an honest recruit from to-day is as follows:

London should be left in the hands of the com- at the National Liberal Club contained a trade and what allowance should be made for deflection, Pommeranie the Kaiser sequential stranglebolt.

It has always been held that a shell went on a lower wanted to know the Hongkong & Nefghbourhood (N.toN.E.winds, mercial community, with the addition of such suggestion which a creative and a let

representatives of Government Departments as Why not carve out a colonial Empire for India manufacture.

The poor recruit was absolutely Formoss Channel...

the Board of Trade indioste." The council in those parts of Africa which can never balong National prosperity depends on a plentiful some distance below the water before rising for story

the ricochet, but before the Hero trials no one

ignorant, currency. Money, real money, is scarce

presented their views, to Mr. Lloyd-George on in the way of settlement to the white' world? ever thought of applying this airmatance to

The Kaiser then scattered his generals South coast of Chins between

July 30 last.

We agres with "Viator," that "the creation to-day, so paper stocks and shares are

the conditions of battle. down and going lower. If real money

Most of the gunnery people are still sceptical, the commanders of army corps, of divisions, and

British shipowners have for some time been of a brown man's country in British East Africa among the soldiers, telling the man to pick ont Hongkong and Lamocks,

South court of China between?

dissatisfied with the composition of the London would strengthen our moral aud, strategical had been abundant all through 1907 there

kat the Revenge experiments should finally of brigades. This was done to his Majesty's would have been no phrinkage of 342 millions

committee of the Baez Canal Company. The hold upon Indis itself, Hongkong and Hainan.. settle the question.

complete satisfaction. in 397 loading stocks.:

The real remedy for the present money stringency les close at hand. In 1884 it was estimated the coined gold and silver in ne and the coined silver to the same figure, while amounted to 800 millions of pounds sterling, the total indebtedness of the world due by nations and individuals was 10,000 millions sterling, Discarding 80 millions of silver, which constituted half-the-money-basis--which this huge debt rosted, doubled that debt's value and power of suction in the way of intereit.

A curious gunnery feat, to form a sequel to the was subjected last November, is to be undertakan experiments to which the old battleship Hero by the officials of the Portsmouth Gunnery School, in H.M.S. Revenge,

After four bombardments the Hero sank, bat the examination of the interior of the ship, as the rested on the sands of the Kentish Knock, failed to reveal to the gunnery experts of the

reason for her sinking, All the visible damage Channel Fleet and Firat Cruiser quadron the was confined to the part of the ship above the water-iine armour belt, and since no armour- piercing projectiles were used, all which struck the belt itself splintered karmlessly..

KAISER AS CATECHIST!

· TESTING "HAN"! BOOFS,

I

any the proof, already striking, is tending to and biffing it in some definite way then become crusial.

WEATHER REPORT.

The Hongkong Observatory yesterday issued the following report :—–

on

to note that in the ten years ended 1906 the To follow the career of silver; it is interesting world's production of gold was 639 millions sterling, and of silvor 534 millions. The British mints in London, Sydney, Melbourne, and Perth ooined 182 millions of gold and only 11 millions

The probable explanation of the sinking of of silver. Britain's trada rivals got the balance of the rold, and thus civilisation's Oriental the ship, which has given rise to the Revenge trials, is as follows Ons of the high explosiva enemies sucked up the rest of the silver.

If all the 534 millions of silver output in shells fell some distance short of the ship in the Grauewald, near Berlin. Towards the respectively. It has fallen slightly on the 8. Anced. The uacil trust that these efforts a crummen wied, and give effect to it by

descended under the water a few feet, and struck

The Revenge is to fire a target which

During the inspection by the Kaisor of the 1st Regiment of the guarda at Potsdam, his Majesty, attended by several of his generals, held examination in general knowledge of the vidlers present.

Singling out a one-year Volunteer he asked him to narrate the legend connected with the monument erected to Prince Jacze of Kacpeniek, middle of the twelfth century this Princo, who

waan heathen, had vowed to become a Christian

But the Kaiser's Volunteer had less than 6

off the coast.

Sex,

The forecast for the 24 hours ending at noon.

{ strong rainy. - NE, winds,

strong.... Same as No. 1.

Same as No. 2.