Page
CORRESPONDENCE.
THE LOAN: A CHINESE VIEW.
(TO THE EDITOR OF THE "HONGKONG DAILY PRESS."1
your leading SIB,-After reading article of yesterday morning with Sustunt) one cannot help feeling that there is either a total lack of knowledge of what are the actual conditions in China or the principal reasons why the Bepublican Government has refused to accept tho obnoxious terms of the Six I in well Nation Group of Bankers. know that the foreign newspapers in the Far East have most assiduously re- frained from mentioning a word about the Sextuple's demand for a five years'
imposed by them, before China was to be permitted to appeal to the markets of Paris and London for such funds as
THE HONGKONG DAILY PRINS, SATURDAY, SEPTEMBER 28ra, 1912.
AND CHINA
(FROM OUR OWN CORRESPONDENT. ]
Europe has been surprised at Japan's, HOME progress, but China will yet astonish the world by showing what she can do with her old solid foundations to build upon. --Yours, etc.,
A CHINESE PATRIOT.
· [Our correspondent's taunt that the Pres ff the Far East ham
refrained from mentioning that the Sex most assiduously
taplo Group demanded a five years non- poly, is entirely unjustified. No secrecy has been maintained in regard to the point. The Chinose Government estimated that it seeded to borrow a total sum of £60,000,000 and this amount the international group of bankers was prepared to provide in instalments extending over a period of five years, un certain terms and conditions. One would be raised by Chita during that period of those conditions was that no other loans
--a condition dictated by ordinary pradence, for the protection of so large as in.. restment in a country whose immediate future is an uncertain. We cannot too
LONDON, September tr THE POLITICAL SITUATION.
REPORT ON HONGKONG PRODUCTS BY THE IMPERIAL INSTITUTE,
0118. AND oil. SDS. A number of samples of oil and oil seeds were received by the imperial Institute amongst other products from Hongkong in July, 1911, and the results
Bulletin of the Institute, whilst samples of their examination and commercial valuation are given in the current of the different products may be seen in the Hongkong Court in the Public E hibition Galleries #f the Imperial Institute.
With regard to four samples of ground nut oil received, it appears that their valuation varies between 423 to ter ton, Jess 2 per cent, discount. Of the
derived from #ydrocarpus enthetwinti sample of Tai Fung Chi Yau" oil, the report states that this appear to be
AFFAIRS. factory explanation of this increase may possibly be the prosperous condition of the shipping industry, but in responsible quarters there is, I am told, a frm belief that other factors are at work. There sa also no doubt that the remarkable ad- Though Conservatives in high quarters vance of steamship shares generally has at an early date, the fact remains that set another explanation is that rumours talk of forcing the Government to resign whetted the appofites of investors, while the Premier intends, if possible, to keep are being got afloat by jobbers who have in the sadda till the end of is. It is a big amount of stock on their hands true that certain Nationalists are very at high prices. All through it has been nervous and are talking as though there more than hinted that some great foreign was no hope for the Home Rule Bill this interests are at the bottom of it. In this year, but the declared intention of the connection, however, I am able to state Liberals, according to those who ought that the ninth supplementary charter of through the Commons without delay. main der British control, and that no to know, is that the Bill will be passed the Company stipulates that it must re- After that it will be thrown out by the foreigner shall (except with the previous Lords without much parley. It will take of the Board of Trudo) be qualified to hold office as a director or officers.
Moreover, the provisions as to the transfer of stock are exceptionally able stringent so far as the nationally of the Navy, some of the work being done in holding is concerned,"
the new Portuguese vessels aro in hand tish supervision. When the orders for
started, there will be 125 war vessels in all, counting big and little, under con British builders will be responsible for struction for fiton nations.
01. representing nine Powers.
monopoly, which was one of the terms strongly emphasise the fact that the For. two years before the Liberals can carry it to be employed as one of the principal and it is not worth consideration for this
eigu Governments in supporting the in-over their heads, and it is part of the by plan, as thus outlined, that this second ternational group are actuated not considerations of Buvanting the interests of passing should be just before the appeal particular banking corporations, but to the country two years hence. But the she right require, Needless to say, this i cause the arrangements to which the group measure would not be in operation till Engiɛnd and seine in Spain under Bri- firm of vil-seed crushers to whom these
are pledged afford the best possible safe.
some time in 1915, and by that time the new guard against the dangers of foreigs in-
seemed to Mr. Tang Shao Yi such a baro-faced attempt to place China for five years under the yoke of the Six Nation Group of Bankers that he refused point blank to consider the matter or
even
tervention and direct control of the whole House of Commons would be elected, on and four ships for Holland have been in all cases just over 8 per cent., which
of Chian's finances. - Ev.]
HONGKONG SHARE MARKET.
Messrs. Vernon & Smyth in their weekly share report duled 27th September
state:--
a reformed franchise. It is said to be a pious hope of the Liberals that the changes in the franchise will help them to retain office. Whether it will or not is a matter for doubt. It has not always been that way when an extension of the franchise has taken place, but this timan
the Liberals attach great importance to the abolition of plural voting.
THE PORTUGUESE NAVAL PROGRAMME.
Provided the Republicans în Portugal manage to get order cut of chaos, in
Of these,
MR. DINGLE'S BOOK ON THE CHINA REVOLUTION.
Though Edwin J. Dingle's book on the China Revolution only appeared yester day the newspapers have been quick to realise its importance as a contribution to rapid history. The Globe on the day of publication made it The book of the day," and other papers have treated it as a front rank production. Mr.
possibly some closely allied species. In the United Kingdour the oil would only be suitable for soap making, purpose unless large quantities are avail
Four varieties of soy beans received, and the reports of these were ranging from £7 10s, to ES per toD, A that they are valued by brokers at prices
that the amount of moisture present was particular samples were submitted stated
is considerably less than that in the
would undoubtedly be preferred from Manchurian beans commonly imported into Europe. The Hongkong beans this point of view, and there would also he less risk of damage during transit than in the case of beans containing a higher percentage of moisture. A speci- men of soy bean oil that was submitted was valued by a firm of vil inerchants at £23 5s, per tón, in Hull, as a normal soy bean oil.
to lay it before the National Council, The result was that when the Six Nation Group of Bankers found that their little scheme to throttle China had not succeeded, they immediately
The market generally has ruled quieter staried to raise a bowl about the Nation being bankrupt, and China could not during the past week, but rates on the whole have been well maintained and have close steady. Sterling Rubbers expect Europe to assist her with troney to set her house in order unless she was eased off somewhat owing doubtless to the prepared to ro-organize her Financecetinued decline in the value of the raw material, and the market closos quiet. Departinest and introduce foreign super- vision. Of course, this cry was taken upper Reater at 4/0 per b., and anks, Macro may yet see a fins Fortuin the camp of General Li, and thus was Plantation Sheets at guese warship in Eastern waters, for the able to see the inside view of the revolu by every foreign newspaper in Chinn Finest Smoked and made the inest of with the object of uber Auction held in London on the tion with Vickers, Ltd., and Armstrong, fersey on his honeyinoun. After that is the seed at met more than 28 s per ton
At the usual fortnightly Portuguese Government are in negotia- taken to himself a wife and is now i 4/8 per b.
tionary campaign, Since then he has frightening the funncial world, and 5th it. 850 tons of Plantation Rubber
Whitworth A Company for the construc. over the happy couple will make tracks eventually bringing Chins to her knees.
was sold realizing 4/5 to 4/8 per lb. The question of the monopoly was wont for Unsmoked and Soked respectively. tion of a new fleet. They will also, if for Shanghai again. carefully kept in the background, since There is no change in discount rates the negotiations meet with no hiteb, con- which remain at per eout, (Bank of Europe was certain to express her strong England) and 38 per cent. (open market).
strnet a new dockyard and naval base near the mouth of the Tagus, on the south disapproval at this attempt to enslave Bar Silver closes at 9. ready, 995/16d. the new Republic.
forward, and Sterling T. T. at 2/- 9/160, innk of the river. There was a Commİş- Shanghai T. T. is quoted at 72.
sion appointed to consider this matter
Fine Hard Para Rubber is last quoted i spite of the royalista hanging on their Vingle spent the revolution time mostly firm of oil-seed crushers, who reported i
The Foreign Ministers in Peking were in me way persuaded to lend their support to the Bix Nation Group of Baikers, with the result that they de liberately set to work to hoodwink their own Governments, who were foolish enough to agree to the proposition that the Chinese should be told that they would only obtain recognition as
Republican Power if they undertook to borrow money from the Six Nation
(roup of Bankers (ie whom they had Lat their support).
stress upon the fact that China must re- organize hor Finance Department, which they maintained could only be done with foreign advisers and under foreiga supervision, and that it would not be
advisable for China to obtain any financial assistance for five years to come
BAN RB. Hongkong and Shanghais have ruled quiet with small sales from 8825 down to 9520, at which latter rate more shares can be obtained. London has ad- vanced 10 to £83.
THE RIVAL LOAN SYNDICATES.
INA'S DEMAND TO THE SEXTUPLE GROUP. The Poking correspondent of the N- Daily News telegraphed on
the 22nd
INTIMATIONS.
CUTICURA
SOAP BEST
FOR SKIN
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.
Samples 33-p, bank free kom nearest depot: Newbery, desi., 27 "harterhouse ng London; IL Towns & Corday, N..W: Lentos, Ltd., Cap Town: Mules Macken Co. Calcotts sad flombay: Felter D. & C. Corp., sele orem. Nastan, USA
89.a
Chs. J. Gaupp
& Co.,
ALEXANDRA BUILDINGS,
CHATER Bean,
made on the Sample of heup seed A rather unfavourable report was received. This was submitted to a large
that it was dill, dirty, and small, and
centage of woody fibre high. They vained generally rather poor in quality; whilst the yield of oil was low and the por-
in Europe, against £9 to 20 10s. for ordinary good hemp seed. As regards the tea-seed oil, said to be imported to Hongkong froni Wuchow, this was sub- mitted to a firm of soap makers, who stated that it made a softer soap than -cotton seed oil, and would therefore be worth about £t per ton less than the years ago, and when the monarchy inst
latter, the current price of which was was overthrown. the republicans continu-
The Chinese Government has informed £22 2s. 6d. par ton in Hull, This oil ed the work, changing only the personnel, the Six Power Group that, upless Tis would find a market in the United King- The plans have been altered somewhat, 1,500,000 in advanced to-morrow to meet dein for Jubricating and soap-making MARINE INSURANCES-Unions after fur- ther small sales at $805 and 8807 close but still if carried out they will mean a payments on September 26th, the Harvest purposes. Toasted cake, which consists
Moon Festival, it will be compelled to 2010. very respectable start for a now Navy avail itself of the instalment of the seed oil referred to from the seeds of of the cake left on expressing the tea- firmer with probable nyers at Cantons are procurable to u limited ex- What changes have been made have been London loan. The Group will refuse to C. Sasanqua, also came under examina- tent at $215, with probable buyers at due to the advances in the construction advance the money to-morrow, on the tion. While unsuitable for a feeding slightly under that rate, China Traders of naval armament more than anything ground that the Chinese proposals re- cake and other purpose, it appeared to be Always have on hand a very large complete North Chinas and Yangtzes are un- changed and without local business, else. In place of three 10,000 ton ships, garding terms do not suggest that sufficiently rich in saponin to be of use negotiations for a comprehensive loan in the preparation of vermicides for L' INSURANCES-China Fires amet with ten twelve-inch guns, there would lead to an agreement.
Firos al
dressing-lawns, and samples were accord- will be three 20,000 ton ships, carrying Meanwhile the Chinese have withdrawsingly submitted to two firms of mant- 5, the latter being
each eight 13.5 ineb guns. There will be the instalment, thereby apparently comfacturing chemists, who both reported three scouts of 3,500 tons and knotsmitting themselves to the London favourably in this connection, and offered
syndicate.
to purchase trial consignments. speed, instead of the 3,000 tons 22 knot
These events indicate the imminence of vessels previously recommended. There a definite rupture with the Six Power Several samples of edible beans were will also be twelve 820 ton 30knot de-Group.
included in the collection of commercial stroyers and nine submarines. All will |
SIGNS OF COLLAPSE.
products from Hongkong referred to be built in England except three au treasury bills in connection with the
In spite of the news of the flotation of above. No. 1, Dulichos Lablab, Linn., whose native name is "Pin-tan," are
and are said to be available in quantity
FICE
EDIBLE DEANS,
except on such terms and conditions puid on the 23rd inst. Shell Transportsmarines, which are to be built in Portu-London loan, it is still regarded as imported to Hongkong from Chekiang,
Hex-
EKITIM INTERESTS IN CHINA
in
stock of
SCIENTIFIC AND
SURVEYING INSTRUMENTS
Transite, Level, Plane Tables, Prismatic and
Sight Compasses, Hand Levels, da, do).
*190
for export. Of these, one frm reported DRAWING
advised unfavourably, stating that to that the beans would not be saleable in the United Kingdom, whilst secund
find a market in London they would have
Far East lacks independence in the ex-bably be obtained at the latter rate. in addition to the mission of Prince Ar-Britain to a position out of proportion stated to be available for export from
INSTRUMENTS
AND MATERIAL
Scales, Inks, &o, &c.)
AGENTS FOR-
W. F. STANLEY & Co., LTD.,
LONDON,
E. R. WATTS & SON, LTD..
LONDON.
They laid great I wanted at $135, dainable at 8360. Shirring. -- Hongkong, Canton and Macause firmer with buyers at 828. Imlo-Chinas have receded to $61, the London rate having also declined to 138/B (middle), Chua audi Manilas have been booked at $3.65 and Star Forrys at $46. Douglases are procurable at $26 ex the dividend of $1.50 per share are wanted for Lundon account at 112/6, the Six Nation Group of Bankers cared the middle quotation being to-day 113/0 gal. At present the only armoured ship improbable that the transaction can be
REFINERIES-China Sugars are quiet in the Portuguese fleet is the Paseo de completed. It is declared that the dis to dictate.
with probable sellers at 8113. Luzona It is well known that China's credit in
on the other hand have improved and can There has been a general rechristening to invest his money in a country whose Game, built on the Thames 37 years ago. approval of Great Britain cannot but deter the British investor from vanturing London and, Paris is good, and it is in now be placed at $33.
MINING-Tronohs have advanced to of vessels since the revolution. For in-future is uncertain. these two places that she will get all she requires, but, unfortunately for her, the 75/9, and Kailas (Chinese Engineer stance, the Heiska Dona Amelie is now The withdrawal from the syndicate of to be offered at a price auch below that Republican Government has not as yet woods are quiet at 4, and Raubs at
ings) to 33/9, both middle price.
the Republico, and the Royal yacht Ame several important banking institutions, of Rangoon beans. Sample No. 2, Vigne (T Squares, Bat Squares, Straight Edger, started the necessary newspaper ca-3 after sales. Pahang Consolidateds has been turned into a scout and whose names were originally associated Cationy, Walp (native name "Mei-tau"), with the transaction, and the fact that are said to be imported from Quinbon, paign. The result is that the Press in have advanced to 33/6 (middle price) called the detour, in memory of the treasury bills have not been taken up Annars, and the quantity available for
W with London a buyer at 19/0. the East has consistently voiced and
the day when the blow was struck. The freely, indicate that the investing publie export is uncertain. Of these, merchants Docks, WHARVES AND GODOWNS.-Wong-
reported that, there is a small sale for shown only the views of the interested kong and Whampoa Docks have ruled British firms mentioned are also engaged is not enthusiastic.
in the reconstruction of the Spanish!
such beans in the United Kingdom at Es parties, to the detriment of China. quiet, and close with probable sellers at Kowloon Wharves have been done
The No. 5 beans, Phascolus ENGLAND AND JAPAN.
It is claimed by promoters of the
1 tun. Unfortunately it is not generally known 845.
16 $65 and $66, and more shares could
I understand that it is quite possible, London scheme that the Six Powers com Mange, Linn. (native name "Hung-tau), in Europe that the foreign Press in the
bination Peking relegates Great are imported from Newchwang, and are New Amoy Docks are quoted at 86).
They pression of its views.
Shanghai Docks at Ts. 48, and Shang-thur of Connaught to attend the funeral to her immense interests in Chisa, and Hongkong in large quantities.
of the late Mikado of Japan, Prince their aim is to obtain for British capital were also submitted to merchants, who China has carried out her change in hai and Hougkow Wharves at Tla, 9.
LANDS, HOTELS AND BUILDINGS Hong Alexander of Teck will go out next year un independent stake in China com valued them at about £6 1% 6d. per ton government in a most marvellous way kong Lands have been booked at 8103 and to attend the coronation of the new rulermensurate with British commierer e.i.f. United Kingdom ports. The next without any assistance, and it is only close steady. Kowloon Lands are wanted
on behalf of King George.
The foreign view is that the former sample. Wang, Linn. (native name A royal re British financial preponderance has been Chik Shiu-tan"), were valued at the fair that she should be given due credit at 834, and West Points at $50. Hong-
kong Hotels can still be placed at 8114 presentative of England was not present shared with the other Powers as the price
same price. They come from Kwangtung for what up to now has been accom-
and 3 for the old and new issues respec at the coronation of the late Mikado, but of a concession elsewhere and in order Province, and large quantities are said plished. But the general ides among tively, but แย business is reported. foreigners in China is that her progress Humphreys Estates have again been done view of the closer relationship into assure a common policy on the part to be available for export from Hong-
which Japan now stands to England, an of the Great Powers towards China.
kong. The last sample, P. Mungo, Linn. will be too fast if she is allowed a free at $71.
(native name "Luk-tau "), which are COTTON MILLS.-Fwas could probably | English prince will be expected to attend} hand and the good old, rapid money be placed at TIs. 105, at which the last this time.
The present effort to re-establisit the making days of the Manchu régime will sate is reported. Hongkongs have hean
Prince Alexander, it will be independence of British finance in Chiu imported from Newchwang, and are said have gone, never to return. As a result beoked at 843, market closing with sellers recalled, attended the coronation of the may, therefore, destroy the concert which i to be available for export in large quanti- is largely ties, were valued at a slightly higher moment present influential in holding China together and figure, viz., £ 15s, per ton c.i.f. United
may be noted, slightly under this there are huyers for has been a flood of life saving appliances concession.
Ever since the Titanic disaster there to substitute for unity a dangerous inter- Kingdon porta; but this price is not Burmese exporters of these beans. In the national scramble for opportunity and remunerative, it cash and sellers forward. China Borneos
at the Patent Office. The disaster pa
The conditions imposed by the Six cases of all the prices quoted, the mer- have been done at $) and Electrics at
Union Water Boats have sold and aviation clean out of the lead in new Power Group for lending money to China chants pointed out that the current prices for beans in the United Kingdom were are in further request at $10). Langkate devices, and navigation took its place, are in mality precautionary measures To any reasonable-minded friend of are again easier with sellers in Shanghai Improved lifeboats, unsinkable devices designed by the Governments interested exceptionally high, and that the various with a view to minimizing the possibility samples would probably fetch Jess in an China it must appear inconceivable how at Tls, 60. the foreign Governments could have beening, Hongkong, Canton and
MEMOS-Extraordinary General Mert and protective accessories have been keep of future default and consequent inter-average year. Samples of all these beans;
also have been placed on exhibition in Macau ing the inventore' brains very busy. It
vention.
the Hongkong Court in the Public Ex- se blind as to allow themselves to be led Steamboat Co., Ltd., 15th October, 1912. is still another demonstration of the way
Gallerics of hibition
the Imperial into such a ridiculous position from Ordinary Annual Meeting, China striking events set the patents going.
Institute. which they cannot expect to retire with Light and Power Co., Ltd., to-morrow,
When Mr. Chamberlain had a cab acci- 28th inst. Ordinary Annual Meeting, dignity. The mistake has been made by Hongkong Cotton Spinning, Weaving dent some years ago there was a speedy the British Government, but fortunately and Dyeing Co., Ltd., 2nd October, 1912 erop of new devices for the greater independent English financiers have Ordinary Annual Meeting, Dairy Farm accurity of cab travellers. Within a few financial and commercial situation in been shrewd and quick enough to see that Co., Ltd., 7th October, 1912.
LONDON QUOTATIONS. The following weeks of Sir Thomas Lipton having a Nation Group of Bankers, and it is new
from our London agents by wire this their opportunity to get in with the Re-morning:- publican Government so as to obtain a Footing where otherwise there would have been a monopoly.
we have this attempt of the Six Nation at 85.
MISCELLANEOUS.-Cements continue on
Group of Bankers to stop her progress offer to a limited extent at $4, but af unless she will consent to do as she is told for five years, and naturally all phams in the way of concessions, etc., must go to them or their nominees !
King of Siam a little while ago
LIFE-SAVING APPLIANCES.
COMBINATION OR INTERVENTION.
at the
PORTUGUESE FINANCE.
MORE SATISFACTORY SITUATION, According to the official statistics, the Portugal seems now to be improving, saye
DEATH OF CAPTAIN J. W. EKSTRAND.
to
a blunder had been made, by the Sixquotations (middle price) were received nasty skid in his motor-car half a dozen different Stato taxes collected in the Chronide of the 19th instant, of Captain
Why strive to kill the new-born babe or
United Serdangs Sapongs
London Asiatics. Bastern Trusts Rubber Trusts Tronohs
make it grow up a miserable weakling, Shell Transports because the mother cannot suckle it, by Indo-Chinas refusing any nourishment, unless those London Ventures responsible for its bringing up under-Tahang Consolidated Chinese Engineerings
took that for five long years the infant H.K. Electric Trams..... should be fed on nothing but Sextuple Labus.....
Anglo-Malays
milk?
123/9
22/6
12/.
21/6
11/6 premium.
75/9
113/0
138/0
1/
13/5
33/0
4/9
9/6
10/-
non-slip appliaries were patented.
THE P. AND 0.
one of the
The death occurred in Yokohama early the Japan the Times correspondent at Lisbon. The yesterday morning, says Liebon district during July last amount J. W. Ekstrand, at the advanced age of
increase of 89. Captain Ekstrand was to £260,000, showing an
oldest foreign residents in Japan. He The denial just issued by the P. & £50,000 over the same month last year came out in the early sixties, and enter- Exports and imports are increasinged the service of the Mitsu Bishi Com- Steam Navigation Company to the re- the rate of exchange remains steady; Later on, when the steamship effected. company amalgamation was port that negotiations are in progress Custom-house revenues are also increas compa with a view to the transfer of its busiing. This is important, as thess revenues Captain Ekstrand joined the Nippon Yosen Kaisha, and remained in the ser- ness and fleet to another line is the second are chiefly destined to pay the interest on contradition of the kind that has been the various foreign loans. At the same vicy of that company until about six officially issued since the beginning of the time, the Government is doing its utmost years ago, when he retired, the N.Y.K. to develop the colonies; several conces making him a very handsome present on year. Yet during the eight months de-sions of large territories in Angola and ferred stock has risen from 257 to 336,other parts of Portuguese Africa are on and at one time was as high w 492..
A the way to being granted. Two of these shipping correspondent writes: "A satis concessions will be financed by British
capital.
his retirement.
Captain Ekstrand made very many friends during his long service on the best-known figures among the foreigners Japan coast, and was for years one of the in the Japanese mercantile marine.
45.
WE ELIMINATE
GUESSWORK
BY USING
THE LATEST AND MOST
SCIENTIFIC. APPLIANCES
in testing the sight for glansen. Your eyesight is the most precious of your seuses and you cannot afford to jeapordisa it by using incorrect lenses or ill-fitting frames. We are competent professionally, and we bare the equipment to satisfy ourselves and to saûsty YOU what is. best for your eyes. If a physician needed we will ao advise you. Lewes ground and polished on the premises.
·& Co.
• SCIENTIFIC OPTICIANS...
FORK BLOGS, CHATER RE
HONGKONG&
75
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