Page
CANTON'S PAPER CURRENCY.
INTERESTING PROCLAMATIONS.
(Translated)
A Proclamation by the Governor Kwangchow (Canton):
at
By old-established custom small silver and notes are alike current in Kwang. tung, but in the near past there has been a large increase in the amount of paper money in the city, while the quantity of silver coins has diminished, the result
THE HONGKONG DAILY PRESS, SATURDAY, JULY 6гя, 1912.
pieces) is exported; an officer deputed by the Canton Likin Office shall, in co- operation with the Maritime Customs, mako strict search and then act as pro- vidled in the Regulations. Anyone found guilty of irregularities like covering the surface with a layer of Hongkong coins will, if the sum involved execeda 850, bo liable to be severely dealt with, so that the scoundrels responsible for these abuses may find themselves stopped. No mercy will be shown.
In addition to instructions to the Com-
CHINESE TRADE REVIVAL
ACTIVITY IN THE CENTRAL PROVINCES.
COMPANY MEETING.
CHINESE ENGINEERING AND MINING COMPANY.
CO. APPROVED. **
THE FAR EAST IN PARLIAMENT.
The following extracts are made from the Times Parliamentary report of the 19th ult:--
occupied by about 60 Chinese troops. Twenty Chinese were killed in a recent engagement; the Tibetan casualties are not known. According to a recent report the Tibetans have expelled the Chinese garrison from Nyarong in Eastern Tibet, and have formally reoccupied the district, THE GROWTH OF OPIUM IN CHINA.
Another report stated that the Tashi Sir J. D. Rees (Nottingham, E., Opp.) Lama has called out all available persons asked the Secretary of State for Foreign
in the neighbourhood of Saigatse, having Affairs whether the Chinese Republic has received instructions from the National yet formally adopted the obligations of Assembly at Lhasa to send troops net the late Imperial Chinese Government in later than June 10th to comprato past respect of the discontinuance of the the Chinese. The Dalai Lama is still at
Kalimpong growth of the poppy. wick).-The present Government in Ching Sir E. Grey (Northumberland, Ber-
arrange is only a provisional Government, and
The Times correspondent cabled from Hankow on the 7th ult, as follows:-
I have just returned from a visit to inDANGEMENT WITH THE LANCROW MINING ably impressed by the activity of trade Changsha, in Hunan, where I was favour
the excellent order maintained, and thanks to the afficiency and tact of the
An extraordinary general meeting of Governor. confined to inland navigation, but this the shareholders of the Chinese Engineer- Reason British ocean steamers are being ing and Mining Company, Ltd., was held employed to cope with the increased ex- on the 9th ult., at Winchester House, ports. This province, in spite of its re.C., for the purpose of considering a putation for provocative independence. resolution approving certain
The part has hitherto been'
heing that through all the country round missioner of Customs at Canton and the mained undisturbed throughout the Rements which have been come to between as such has not yet made any official do paper is at a discount and silver al Officer of Likin for Canton, this Provolution, and it is generally expected the Company and the Grand Mining claration of its intention to assume the
HONGKONG SHARE MARKET,
premium. The General Chamber of Com.clamation is issued--let all reverence and that order will be maintained. ÁBB merce and the Committee of Public obey. Safety have petitioned several times that effect be given to their regulations for the use of silver and notes in equal pro- portions. These I handed to the Com missioner of Finance, who has reported favourably on them. They should there fore be put into effect experimentally, and the maid Regulations are hereby publish-
Messrs. Vernon and Smyth in their weekly share report dated July 5th, state :--
proof of loyalty to the Central Govern ment 300,000 taels were recently placed at the disposal of Yuan Shih Kai“
The spring trade at Hankow has been enormous, as accumulated stocks had to be dealt with. These having now been shipped abroad, trade is again normal and is showing every prospect of a con- tinuation of that remarkable expansion which has hitherto characterized this fast Central China. Li Yuan-hung has shown developing commercial emporium of admirable qualities as a civil administra- establishment of a strong united Contral Government.
The local market bus ruled quiet ed by Proclamation for general informa-'throughout the past week, but rates gon tion. Ifereafter they are to be consistent crally continue firm, and in some intor, and is believed to desire only the ly observed, and any intentional opposi-stances advances have been established. tion will be dealt with by arrost, ne, No material change has occurred in the and punishment.
IMPORTANT A SPECIAL PROCLAMATION.
THE REGULATIONS.
1-From the date of receipt of this Notification, all payments in connection with trade and commerce, and for all taxes and duties, shall be made half in
London Rubber market, and Fine Hard Para Rubber, with slight Buctuations [during the interval, closes at 4/6 per lb. steady. The usual fortnightly Rubber Anction was held in London on the 3rd inst. 530 tons of Plantation Rubber being sold at prices ranging between 4/98 and 4/111 por lb., the closing tone
THE TROOPS AND THE STUDENTS.
MONGOLIA AND MANCHURIA.
Min.)
Company of Poyang aud Lanchow (the ment. We have received assurances that obligations of the late Imperial Govern- Lanehow Mining Company), and ap the Chinese Government will do its proved by the British and Chincoo Gov- utmost to enforce the suppression of the cultivation and maoking of opium, but ernments, Mr. W. F. Turner presiding.
at present that Government has not effec The Chairman, in moving the resolutive control of the cultivation in many tion, said the shareholders were asked to of the provinces of China.
Sir J. D. Rees.-Will the right no. approve of an arrangement, with certain amendments contained in a memorandum, regardless of China's omission to perform gentlegian continue to run against India,
the Chiness Foreign Office. In summariseedingly difficult one in the situation in from the British Minister at Peking to her part?
Sir E. Grey. The question is an ex- ing the agreements he said the companies which it now is. We are considering it would keep their separate existence. Each in consultation with the India Office. Company would. retain the ownership of Mr. T. Taylor (Lancs, B.E. Radcliffe, its properties and would deal as its share. Min.). Have we no moral obligations liean troops and the unfledged student
The disturbing factors are the Repub-holders might think fit with the propor quite apart from the question of Indian
and Chinese obligations? classes. The moment is now favourable tion of profits coming to it from the
Neither Company Bir II. Norman (Blackburn, for the disbandment of the former, as the combined business. gradual return of normal trade condi would have the right to mortgage its asked the Secretary for Foreign Affairs tions and the prospect of heavy rice properties without the previous consent what were the exclusive privileges claim harvest will facilitate their absorption of the other Company, and both Coned by the Russian and Japanese Govern. into the civil population. The disposal of panies undertook not to take up any bowments respectively in Mongolia and Man
silver coins and half in notes, and notes of the market being firm. Discount rates their loss of position and emoluments, management of the properties and busi-ather in these Chinese provinces; and the officers, however, presents a problem, enterprises, these being reserved for the charing whether each of these Govern as it is difficult to compensate them for Kailan Mining Administration. The ments admitted the special claims of the shall all be treated as on the 697 scalear quoted at 3 per cent. (Bank of The students generally are opposed to
neas of both Companies in China would whether the oxclusive claims of either (the standard silver scale in Kwangtung · England) and 2 per cent. (open market foreign loan transactions, and are in-bs in the hands of the Kailan Mining had been communicated to his Majesty's
Government and were 1,000 of such taels equal 07 Kuping rata), Bar Silver closes at 283/10 per oz. tensely critical of all the actions of the Administration, which would be an as
Sir E. Grey. Information by them. concerning taels).
authorities. It is obvious, however, that sociation without corporate People trading direct shall not forward, and Sterling T.T. at 9/4 the population are heartily sick of poli- formed for the express purpose, and could the special interests claimed by the Rus plead previous practice and demand the
tics and desirous only of the restoration only be terminated by the Lanchow Min-sian and Japanese Governments respec- whole payment in renaty noney; nor shall Shanghai T.T. is unchanged at 721.
lin and Blancharin will BANKS.-Private advices again quote of confidence and the resumption of trade.ng Company purchasing the property of tively in Mons treaties, conventions, agents and middlemon cause disputes by
individuals have been enormous, and the only be effected at a just prive to be and agreements between the Governments Throughout the Revelation the losses of this Company, but that purpose could be found in certain alleging that their receipts were all in
of China, Russia, and Japan. Hik immense majority, particularly those with agreed upon by both Companies.
In the working of the Administration Majesty's Government are unable to add a stake in the country, aro opposed to political agitation likely to impede there would be three authorities, the those documents, but I shall be glad to any information to that contained in Chief Manager, the Deliberating Board,
furnish the hon. member with a list of and the Director General. The effective these document mentioning the public. control would be in the hands of the Chief tions when they can he found, should Manager, who would be their present tions when In reply to the second part
manager, Major agent and general
They had been informed that of the question I would refer the hou. Nathan the first Director-General would be Yuan inember to Article 1 of the Convention Yuen Tai, the son of Yuan Shib Kai, the between Russia and Japan signed July President of the Chinese Republic. The 30th, 1907, which was communicated to his Majesty's Government. We recognize Conipany would go into liquidation, a
that Russia and Japan have special in- tereste in Mongolia and Manchuria on condition that they are not contrary to the principle of the " open door" for
British commerce,
notes.
2-In poity transactions, where the amount is over 81. but under $2, $1 shall be paid in paper and the rest in silver or copper currency. Where the amount is between 60 cts, and $1, $1 shall be paid in paper and change given in silver or copper coins. Suus under 50 cts. shall be paid entirely in silver or copper-there shall be no dispute about this.
London at £83 10s. ed., the last rate perReuter being · £84. Locally but little has been done, the market closing with sellers at 85.....
MARINE INSURANCEA.--Unións continug
a neglected market at 2800 with probable sellers. Cantons have been booked to a fair extent at us, and more shares are enquired for Yangtsans are quoted in the North at 0198 at cx 70 nominal, | ad North Chinas at Tis. 130 buyers..
4
FIRE INSURANCes.-Hongkongs continue to rule quiet but steady at 8350, also
in either stock.
Rettlement.
The situation in the Yangtsze Valley generally shows marked improvement; though there may possibly be further dis turbances at Nanking, where there is a heterogeneous collection of troops from riistant provinces opposed to disband
inent.
NEW PROVINCIAL, LOAN.
3-In some businesses, as the rics trade. Chinas at 8132, no sales being reported signed between the Robert Dollar Syndi- new Company being formed.
it is a fixed custom that payments should be made partly in dollars and partly in small change. Of the portion due to be paid in small money, half shall be paid
|
SHIPPING. Hongkong, Cantón. and Macaos though uncl nged at $27 are Chinas can still be placed at See, the probably obtainable at the rate. Indo- in antes, and half in silver sub, coins."
London quotation remaining at 140/- 4.In all transactions relative to loans, middle price. China and Manilas have hypothecations, outstanding debts, mort sellers at 86 and Douglases at $97. gages, etc., dependent on written agro-Ferries are wanted at 36 (old) and 826 (new) with males reported in both ments previously made, payment shall be descriptions at quoted rates. Shell snade as required by the contract, and Transports have declined in London to objections shall not be raised on the selling quotation of 110/ with local
| sellers at 108/4/ ground of the present Proclamation..
REFINERIES-China Sugars have again been the mediam of a fair business st 109, at which rate the market closes with buyers. Luzons are weak with sellers at $321.
In purchasing drafts, whether on foreign countries, on other provinces, on the interior, where payment in small silver is required, half the amount shall be made up in 'paport:
MINING-Tronobs are wanted locally 6.-Receipts and payments by the Govat 1/6 after sales at 73/6 and 72/6 Londen terms. Heawoods have sellers ernment are all on the 907 scale. When for London account at 4/4 and a slightly land tax, likin, and other dues are paid, lower rate would probably lead to busi the sum shall be made up, half in silverness. Raubs are firmier with buyer aut coins and half in notes, and the same, locally at $31, and for Singapore, accouni rule will apply to sums due to be remitted Chinese Engineerings close
nominally at 96/.......... Lo the Provincial Treasury by the various districts.
Goods
existence
THE CHINESE LOAN.
INTIMATIONS
CUTICURA
SOAP BEST
SKIN
FOR AND HAIR
It is so because of its extreme purity, delicate emollient properties, and refreshing fragrance. It costs but little more than ordinary soaps, wears to a wafer and gives comfort and satisfaction every moment of its use, for toilet, bath and nursery.
Bamples with 32-g. bonk fere frana senrent depol: Newbery, dept. 2X.27 Charterhouse Ar, London: Town & Co., Bydney, NW.; Lensen. Ltd., Capa Town: Muller. Maclean & Co., Carattaand Bambar: Potro D & C Corp., sole props, Bastım, U-BA
87-G
Chs. J. Gaupp
& Co..
ALEXANDRA BUILDINGS,
CHATER ROAD
stock of
SCIENTIFIC AND
(Transits, Lovels, Plane Tables, Prismatie and Bight Compasses, Hand Levels, o, &c.)
Sir E. Grey-The difficulty is not about the amount but the conditions on SURVEYING INSTRUMENTS which any loan, small or large, can safoly There is no intention of be made. forcing China to borrow more than the wants or to borrow at all if she does not
Mr. Ginnell said it was not alleged that this was the intention of the Govern- meats, and asked whether the right bon. DRAWING gentleman was aware that there was any such intention on the part of the financial group.
also
A preliminary agreement has just been
eate and Li Yuan-hung › for a loan of
The capital of the new company was £3,000,000, bearing interest at 5 per cent. to be £1,000,000 sterling in £1 shares, so The loan is to be issued at 94, and to be that the shareholders of the present com repayable in 25 years, and is practically pany would receive share for share in Provincial Government. It is reported would create debentures to the amount of asked the Secretary of State for Foreign unsecured except by the guarantee of the the new company. The new company
Mr. Ginnell (Westmeath, N., Nat.) that Peking has approved. The object in £1,000,000 for the purposes of the redemp Affairs whether he had any official in- the execution of public works in connection of the First and Second Debentures formation showing that the six Power tarion with the reconstruction of Hankow of the present company, amounting to
native city. It is understood that the £400,000, for providing £50,000 working group who proposed to finance China Governments refused to accept the syndicate expect large profits from the capital to the Kailan Mining Administra with the support of their respective supply of material. The transaction aption, the payment of taels 1,500,000 to the pears unfortunate in view of the fact that Lanchos Mining Company to provide for Chinese terms for a loan of leas thun the expenditure will be left to inexpuri- its debts, a further payment of taels £60,000,000, and that the Chinese wanted enced Chinese without foreign assistance, 500,000 to the Lanchow Mining Company, only a much smaller sum, and agreed to while the absence of conditions relative the payment of tasis 500,000 to the Viceroy the conditions in substance save as to to an audit is a temptation to a reversion of Chibli us representing the Chinese the groan amount; and if so, whether His Always have on hand a vry large complete to the old methods against which inter-
Government, the payment of taels fajesty's Government would continue to national loan policy is firmly directed. 1,000,000 to Chang Yen Mao in full support the group in thus furcing China satisfaction of all claims in connection to grant them a monopoly in Chinese with the present company and its affairs, finance, the payment not exceeding taels 100,000 in SHANGHAL TRADE
respect of other liabilities in China, and
Market Report says
Mesara, Ilbert & Co.'s Pie
the premium on the redemption of exist ing debentures, and the commission and Business remains in its same dull state, charges for placing the debentures. The and whereas Manchester advices show net profits of the Kailan Mining Adminis strong prices, and daily advancing detration were to be divided up to £300,000 want to do so.
as to 60 per cent. to their company and liveries, native opinion appears to re- as to 40 por cent. to the Lanchow Mining DOORS, WHALVES AND GODOWNS.-Hong-gard the situation berg with increasing kong and Whampoa Docks, after sales despondency, the chaotic state of politics Company, which would be equal in their ease to £180,000. The profits in excess of On the date of promulgation of these at ses) and $47 are required for at the in Peking merely accentuating the gea- £300,000, as well as profits arising from Regulations, the former rule, that (in pay higher rate, and a slightly higher price oral trade depression. Many native new business undertaken by the Adminis would probably he paid. Kowloon buyers are in fact inclined to stand ment of taxes) notes should be taken at Wharves have sold and continue in aside from new business altogether, owing tration were to be divided equally between the two companies. All disputes and dis a premium of 2 per cent, will be abro request at 800 New Amoy Docks are to the air of uncertainty which hangs gated; it will be useless for merchants arm at 861 and Shanghai Docks at Tle. over the future of the country, and to the cussions with the Chinese Government re and people to ask to be allowed this pre48 with Shanghai a buyer. Shanghai frequent actual occurroners of trouble at sting to the formation and to the rights
Mr. Ginnell also asked the Secretary of AGENTS FOR- mium when they pay their taxes. and Hongkew Wharses are quiet at Tls. short intervals in various parts of the of their company were terminated. The arrangement disposed of all contested
State for Foreign Affairs whether he 7.-Tho army have already been given
claims against their company in Chine.
was aware that the only interest of There is a slightly better demand from The preliminary agreement had not only Russia and Japan in the finance of the their pay for the current month (1), edu sequently the rule for payment half in kong Lands continue in request 2005, the Hunkow market for a few small sup received the approval of his Majesty six-Power group was their power to veto notes and half in silver coins will be tom- Lands are wanted at $34, and West plies, but the busiure is of a hand-to- Government and the Chinese Government, the cuployment of foreign capital in the mouth character and would have scarcely but it had been approved by the shareChinese territories of Mongolia and Man porarily waived for the present month in Points at 856. Humphreys Estates have called for comment in normal times, holders of the Lanchow Mining Company, churis, except under the exclusive control the case of soldiers, but it will be put again been booked at 89, market long Many of the outlets that figured very and on the 3rd inst. they received of Russis and Japan respectively in those with sellers. Hongkong Hotels are actively as buyers, last year such as cablegram stating that it had actually
Shantung and Chilli provinces, and been signed. 6--If, after the date of promulgation quoted at $112 and 873 for old and new
respectively, both with buyers..
which are good buyers us a rule of dyed The resolution was carried unanimous of these Regulations, any person wilfully COTTON MILLB. Ewes have been booked and fancy goods, have been absolutely infringes them, any person present at the in the North at Tis. 91, and more shares dead for months and show no sign so far by. and a further resolution was passed
to wind up the company voluntarily. occurrence may bring action against him, are wanted. Hongkongs close steady at of reviving Much the same may be said and if the charge is established, the $5, at which rate further extensive, of the majority of the trade contros of offender will be arrested and fined. In business has been booked the countries, more especially the remoter MISCELLANEOUS-China, Borneos con ones, their purchases being chiefly con- the confines of the city, it shall be tinue on offer ut, and there are also fined to yarn, the aggregate of deliveries duty of the police to take the matter ap sellers of Peak Trams at 11 Icos at of which does not fall very far short of
$212, China Lights at 82 after sales, Inet year's, whereas all other goods show kong and Shanghai Bank were held, and Watsons at 85. There are buyers of very grent falling off in deliveries. Chinn Providents at $8, Electrics at 822),
into effect next month, w
in an effective ways in the country dis- tricts, this duty will devolve on the local officials. But none of the military, police, merchants,
at
A further Proclaniation runs---
LANDS, HOTELS AND BUILDINGS.--Hong
but no sales are reported! Kowloon
Ropes at 3196, Powells at 67, and Hong-
In the
Momo-Star Ferry Company, Ltd.
country.
4
www.
BANK SPORTS.
INSTRUMENTS
AND MATERIAL
Scalse, Inks, 20., ko,).
Sir E. Grey I am not aware of any T Squares, Set Squares, Straight Edges. sach intention, or, indeed, of any very great anxiety to lend money under pr sent conditions at all.
aphores of their respective prétensions; and whether Chinese interests in those territories were to be left at the mercy of those foreign financiers whose interest did not go beyond profit sharing, under- writing, floating the loan, and mani- putating the exchango market against Chine,
Sir E. Grey.The conditions of the loan agreement are at present the subject already been stated, the Government's of confidential negotiations, but, us has pacorned will not give their approval and support to any agreement which does not make the real interests of China a primary consideration d
The annual athletic sports of the Hong
the wunder favourable conditions,on
Bank's ground at Now Beckenham on Saturday afternoon, June 1st. The usual "people shall bring kong Electric Trams at 4/3.
close and exciting contests. H. K. Head,
THE FIGHTING IN TIBET: N malicious actions, with the object of caus- North Langkats have declined to a Bell- A BRITISH EMPIRE TRADE MARK.Programme of events gave rise to some At the Congress of Chambers of Com-with four first, will bo this year's holder
Sir J. D. Rees asked the Under- ing trouble, under penalty of being puting quotation of Tls. 05:
of the challenge cup, his aggregate of in the place of the accused.
final call of 85, and 63 premium (25 in merce of the Empire held in London points being far ahead of any rival. Secretary for India whether he could give all) per share (payable on the 1st August, 14th Jane, a resolution supporting the
Mr. Montagu (Cambs, Chesterton, 1918) has been made upon the holders of establishment of a British Empire Trade J. Boothby, last year's holder, did not the House any further information re- Min). The latest news from Lhasa, A Proclamation has already been issued partly paid up shares of this Company. Mark to denote goods manufactured or compete, having left the service. Mrs. garding the state of affairs in Tibet.
dated May 28th, is to the effect that fight on the subject of the export of Kwang The register of transfers will be closed produced in the British Empire, was J. M. Smith distributed the prizes.
The annual sports of the Chartereding continues incessantly, neither side tung silver coine, and the Commissioner from the 27th July to the 2nd August, moved by Sir Juhu Cockburn, on behall yof Customs has been instructed to investi 1912, both days inclusive, and the call of the Australasian Chamber of Com
will be payable by the persons registered marce in London, and seconded by Mr. Bank of India, Australia & Chine were showing say signs of capitulation. All Thomas A. Hill, representing the Not held on Saturday afternoon, June 1st, attempts at effecting a settlement have gate and take action. It has come to na shareholders on the 1st August, 1912.
The proposal was when a number of friends journeyed to failed. The Chinese garrison in Tengye- tingham Chamber. light, however, that there are disreputable LONDON QUOTATIONS. The following enthusiastically received and the rasolu the bank's ground at Northfield, Westling Monastery is stated to have three tracters who are smuggling out Cantón quotations (middle price) were received tion was carried with only a few dis Ealing, to witness an intercating pro- Maximis and to be holding out well. The The challenge cup Chinese are surrounded by the Tibetans, sentients.
gramme of events. dimes to all parts, covering them on the by wire from London this morning:
that this year goes to W. Hart, who headed who are in occupation of five strongholds Ledburys
Bir John Cockburn's view
on the north of the city; the buildings in surface with a layer of Hongkong coins,
such a mark should be one of origin and the prize list with a 2-5 points, viz.,
However much two first prizes and one second. D. R. the south are held by the Chinese. The not of quality. maligned, there was no mark of greater. Davidson made a great attempt to win latter have exhausted their provisions and assistance to its founders than "Made in the cup, and up to the very end of the inre said
be in grest straits for food. afternoon he stood equal with Hart. To Many houses have been burnt by both Germany."
therefore sides, and Lhasa is reported to be re- Hill pointed out that if the decide the winner it was MT. mark was registered all over the world arranged that they should run another duced to one-third of its former size. The they would be able to defeat the frauds race a quarter mile flab race in which Chinese are stated to have shelled the at present practised, and persons who Hart came in winner by two yarda. At Potala Palace, but without doing serious wished to have Britiel goods would be the conclusion of the sports Lady Turner damage. The Tibetans have been besieg
presented the prizes.
ing the Trapehi Barracks, which are able to distinguish them.
Linggi
in order to hoodwink the Customs-they United Serdangs are altogether unprincipled and a perit Sapongs .... to the community, for this is a matter of London Asiaties
E. & I. Truste
5378
29/6
101/3
23/0
9/9 15/6
8/9 premium.
Tronoha Hongkong Electric Trams Shell Transports
71/3
4/3
108/0
35/-
Indo-Chinas many
140/
no small concern to the Canton money Rubber Trusts market.
In these circumstances, a further Pro- clamation is required; hereafter, when small silver (whether to cent or 20. cent
Chinese Engineerings
Was
45
W. F. ETANLEY & Co., LTD. LONDON.
E. R. WATTS & SON, LT, LONDON.
WE ELIMINATE
BY USING THE LATEST AND MOST.: SCIENTIFIC APPLIANCES
It
GUESSWORK
in testing the sight for plasses. Your eigh is the most precious of your B-Beer and you cannot afford to j-pordize tby using incorect lenses or fitting fumes. Weare competent professionally, nd we have the equipment to satisfy ourralves led to satisfy YOU what is best for your eyes. If a physician is needed we will so advise you. Lentes ground and polished on the premises.
LARK & Co..&. ENTIFIC OPTICIANSH YORK BLOGS, CHATER RO
# HONGKONG
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