1912-12-03 — Page 2

Page

INTIMATION

THE HONGKONG DAILY PRESS, TUESDAY, DECEMBER 820, 1913.

establishing for the present only the kernel bank accounts, the want is filled by bank- The health report for last week showed TELEGRAMS. TELEG RAIS. of the new system-a nuit. based on gold-notes and eventually by silver, nickel and that two cases of diphtheria had been noti. copper token and subsidiary coins, all based fed in the Colony (neither of which proved on the new gold unit.

ia conjunction with banknotes and the silver and copper currencies now existing, and feel confident that with a steady and caroful policy directed always along the lines of least resistanco, it will not take long to

With the

S. WATSON prepare the way for a well secured system of business. Even to-day most big Chinesse of which were British (imported), all the

& CO., LTD.,

ESTABLISHED A.D. 1841.

High-Class

cases were Chinese.

Seeing how quickly the present copper fatal), three cams of enteric fever (which coins have made their way throughout proved fatal), three of scarlet fever (none China, there is little doubt that a healthy system of well secured notes and token coins of which proved fatal), and one of small- carrying such advantages with them would pox (which proved fatal). quickly extend to all localities and branches exception of the scarlet fever, the victims

of token coins which her shrewd and sensible merchants far in the interior know what it population would soon learn to appreciate is to draw up a contract in pounds sterling, which shows the need folt for a reliable basis. and use in preference to the fickle commodi- But whether the extension of the bank-unit ties now employed as media of trade. It system be fast or slow, wide or restricted, means, in fact, that, nsa transition measure, the safety of the system as a whole is by no means dependent thereon. Every step in China will have to work with two indepo-advance is so much advantage gained by dent standards-the gold exchange, carried out as far as possible, in co-existouce with the present silver standard, the former gradually,supplanting the latter." Discussing the introduction of the new system, Dr. VISSELING rejects" as undesir- able two alternative plans, viz., the direct introduction of a silver token coin and the introduction of a silver coin, the value of

Confectionery. which is artificially raised to 10 to 15 per

FULLER'S-

CADBURY'S-

At Mr. Geo. Lammert's auction room to-day the remainder of the stock-in-trade of the Sun Shing shop is being sold by order of the liquidator. The goods coin- prise articles in gold, silver, ivory those concerned. For the rest the system sandalwood, mother-o'-pearl, lacquer can bide its time and make its way on strength of its own merits which are sure ware, and also silk goods, grass cloth, to appeal to the shrewd and sensible people Peking cloisonne and some blackwood of China--------

The goods are to be sold absolutely with out reserve. The auction begins at 11 a.m. and continues throughout to-day and to-morrow afternoon.

Dr. VISSERING proceeds to say that one of the carliest functions to be undertaken by the great central bank would be the issue of bank notes. Expressed in terms of the new unit, their reserve would be represent- ed by gold stocks or gold credits abroad. This would, of course, militate against their

Church Notes states that Sir Paul Chater has been very successful in his efforts to raise the money necessary for

the stipend of an Assistant Chaplain, and

[THROUGH REUTIR'S AGENOT.]

THE BALKAN WAR.

["DAILY PRESS EXOLUSIVE ÁRVICE.]

JAPANESE POLITICAL CRISIS.

TOKYO, Decimber 2nd.

The Minister of War (General Uychara) has resigned.

The Premier (Marquis Saionji), how- ever, remains firmly opposed to the

THE ARMISTICE.

It is stated in a message from Con- stantinople that the Turkish Cabinet has approved the draft armistice, which was to be signed on Sunday. It applies not merely to Chataldja and Adrianople, but

lasts while the preliminary negotiations army for service in Korea.. to the whole of Turkey in Europe. It policy of adding two divisions to the

for peace continue, and stipulates that the position of the belligerents shall re- main the same as at the moment of signa- ture. There have been no pourparlers on the subject of the terms of peace, and therefore the reports as to the fate of Adrianople and the demarcation of the

new frontiers are unfounded.

LATER.

The improvement in the situation con-

means of an equivalent import duty on being redeemed singly or in small amounts.has already received money and promises tinues, although, the signature to the

there can

obtain the necessary anthority to sign the agreement, which is considerably whittled down, and now amounts to a stipulation on both sides to remain as they were, while the besieged towns will be again provisioned and the blockade of ports and islands temporarily raised.

cent, above its intrinsic value through

silver bullion, and he decides in favour of but if every bank or large firm can to the amount of $10,700. Some firms the preliminary adoption of a theoretical or purchase gold credits abroad with have written home to England to ask per-armistice has been postponed for 48 hours bank unit with a fixed gold value. Such sufficient amount

in these banknotes mission to subscribe. Church Notes hearti- to enable a delegate from Greece, which Chocolates, Salted Almonds, theoretical units exist in the English Guines

Le no reason to anticipare ly congratulate Sir Paul Chater on the

insisted on a separate representation, to Marzipan Almonds, Crystal- and the Yen under the present monetary any falling of the notes below par, as in splendid success of his efforts and ex- ized Rose Leaves, Crystalized régime in Japan, But theoretical units per such case the depreciated banknotes would. presses the hope that many who have not excellence, be says, were the old Dutch Bank of course, bo eagerly bought up by banks been able to subscribe the large sums Violets, Assorted Sweets, Guilder which the Amsterdam Bank of and brokers: a cheap form of remittance which have been forthcoming for this Paté de Guimauve, Pepper- Exchange kept in existence for many years In reality, where countless numbers of scheme will see if they can increase their regular contributions to the collections with brilliant effect, popularising it even accounts exist at the banks in the same and so by the united efforts of many put mint Lumps, and Creams.

in international trade, long after the real unit, the banknotes woukl simply pass in the finances of the Cathedral into such a coin representing that unit had become and out over the counter at par as silver flourishing condition that it may not demonetized in 1622-and the Banco-Markbank-notes to-day." The scheine seems to again be necessary to make such a special of the famous Hamburger Giro Bank which be the most practical step towards the appeal for help. made Hamburg the focus of the giro--or | solution of a very complex problem which book-transfer-system of banking down to bas yet been advanced, and the present day In Chiou also the hank unit system is found exemplified in the daily trade of a flourishing treaty port. At Newchwang practically the entire trade of the port is based on the "transfer tael," a purely fictitious unit which exista only in the hooks of the various local banks. All these precedents, historical and local, point to the feasibility of the same plan if adopted It is pointed out that the Haikwau Tael is only a

Chocolates in Fancy Boxes. Bourneville Nut Chocolate, etc., etc.

PARISIAN

CONFECTIONERY-

Almond Pralines, Nougat Fin, Cerises du Lys, etc, etc., etc.

for China as a whole."

we

may

presume that Dr. VISSERING's appointment, as Monetary Adviser to the Chinese Govern ment means that the Government intends to deal with the problem on the lines set forth above.

A maps as ten Chinese were birched in the precincts of the Magistracy yester

Jay.

Dr. Francis Clark has taken the place

A. S. WATSON & CO. book-nuit though used all ver China. of the Hon, Mr. Claud Severn as one of

LIMITED,

ALEXANDRA Buildings.

NOTICE TO CORRESPONDENTS,

67

feux communications relating to the Héwi column should be added to T EDITOR.

Correspondente must forward their names and addresses with communica tions addressed to the Editor, not for publication but as evidence of good faith.

All letters for publication should be written on one side of paper only.

No anonymously signed communica tions that have already appeared in other papers will be inserted,

Orders for extra copies of DAILY PRIDE should be sent before 11 am. on day of publication. After that hour the supply is limited. Only supply for Cash. Telegraphic Address: Pursa. Codes: L.B.C. 5th Ed. Lieber. PO Box 34. Telephone No. 12.

BIRTH

On December Ist, at their residence, No. 8, Mosque Street, to Mr. and Mrs. L. F. V. Riezno, a son.-Both mother and child are doing well. Shanghai, Japan and Lisbon papers please cupy.

[1373

HONGKONG OPTICS: 101, Des Vœux ROAD C. LONDON Orizon: 181, FLEET Frazer, E.C.

The Daily Press.

Dr. VISSERING goes on

advocate the establishment of a Castral Bank of Istue, endowed by the Government with the right -gency the exclusive right-to issue Joank notes. "This bank, which is to be the national bank of the country, should be constituted on lines similar to those mostly followed in other countries, it should be managed an essentially business principles ae an entirely independent institution, though bound by strict government-imposed statutes and under a certain amount of government supervision. This bank will take the lead, which other banks, foreign and native, should be induced as much as possible to follow, in opening accounts in the new book-unit alongside of the existing curren cies. The working of the system is thus described:-

the readers at the Cathedral.

Mr.

The Philippine Republic announces that whatever may be the outcome of the extradition proceedings against Vicente Sotto, the Editor, the journal will continue to issue.

BIG COCAINE HAUL. Revenue Officer Wilden proceeded against two Chinese at the Magistracy yesterday for unlawfully importing into Hongkong 1,000 ounces of cocaine, contained in 8,000 bottles. Mr. P. M. Hodgson. (Assist. ant Crown Solicitor) prosecuted, and defendants were represented by Mr. Lewis (of Messrs. Johnson, Stokes & Mastor);

Mr. Hodgson said that seven bales were taken out of Messrs. Holt's godowns by the defendants and were taken to a cargo boat. There were ten bales, but before the remaining three had been removed Inspector Wilden appeared, and the first defendant then hurried sway. On inspecting the seven. bales, bottles of cocaine were found in small boxes, secreted in newspapers. The other bales also contained cocaine. The second defendant was with the first, and helped to engage the boat.

The cargo boatman was called, but con-

Sunday was the birthday of H.M. Queen Alexandra, who was born on December 1st, 1944. The ships in the siderable difficulty was experienced by harbour were dressed yesterday and Mr. Hodgson in extracting his story. royal salute was fired at noon.

Eventually his Worship, said he should The following telegram arrived on Sun- treat the man as a hostile witness and day, and consequently too late to be in-permitted Mr. Hodgson to cross-examine cluded with those read at the Ball on

him.

The appearance of Greece on the scene is particularly noteworthy, and is be lieved to betoken a growing mistrust between Greece and the rest of the allies, which Bulgaria is representing. The armistice will be fixed for eight days, but may be prolonged for another week.

The read tug-of-war will begin with the peace negotiations proper. It is stated that the Allies' demands include an in- demnity of 48 millions sterling.

AUSTRIA OFTIMISTIC

A Vienna dispatch says the newspapers. are far more hopeful on account of the report that Russia has given asurances that she does not intend to support al! Servia's aspirations. The inspired

journals declare that Austria will not object to Servia using some Adriatic port under the Albanian sovereignty. A semi.. official article in the Frendemblatt care- fully points out that Austria's optimism is based solely on the conviction that Europe will carry cut Austria's minimum demands.

INTERNATIONAL SITUATION

GREATLY IMPROVED.

Sir Edward Grey has been sponding a week-end in the country, after three

i

(THROUGH LEUTER'S AGENCY.] ARCTIC WEATHER IN ENGLAND.

LONDON, December 2nd. Scotland and the North and Central parts of England are in the grip of an Arctic winter. Zero is registered at Carlisle, and skating and skiing are general. The snow is so deep at Welbeck, where their Majesties are staying, that a snow plough had to be employed to clear the way to the station, REMARKABLE FIRING TRIALS ON A DREADNOUGHT.

LONDON, December 2ud.. Interesting trials have been carried out in the English Channel, in the presence of Mr. Churchill. A Dreadnought was fitted with the new fire director, which enabled her to deliver a knock out blow, landing five and a half tous of shell on a target absolutely simultaneously.

GERMANY AND THE MASTERY OF THE AIR.

on

LONDON, December 2nd, The Berlin correspondent of the Daily press states that there is a movement foot to induce the Government to build a fleet of a hundred Zeppeliu eirships, and thus secure the mastery of the air, and eventually of the sea.

AN AUSTRIAN DREADNOUGHT

LAUNCHED.

LONDON, December 2nd. Lenter's correspondent at. Trieste tele- graphs that the third Austrian Dread- [nought, Prinz Eugen, has been launched..

HOOLEY RELEASED.

was

LONDON, December 2nd. Mr. Hooley, the financier, who sentenced in February last to a year's imprisonment in the second division for fraud, has been released in consideration of his good conduct in prison.

THE MILITARY IMPORTANCE OF

SINGAPORE.

29th alt, "To Chief Dickson, St. Mr. Lewis- do not know that the man Andrew's Society. Hongkong. 'Hail.'is hostile, your Worship. I do not sce Murray Stewart, Caledonian Club, that there is anything that goes to show weeks close attendance at the Foreign British possessions east of Singapore London,"

Dr. Thornicraft and Dr. Miller of Kobe are retiring after a connection with the port-in one case of 12 years and in the other of 22 years. A large number of residents entertained them at dinner at the Oriental Hotel recently and they were also presented with numerously signed illuminated addressce at another farewell

This now tit, being based on a gold valne, will of course Buctuate with respect to the silver currencies. Any credits pur- chased in the new unit, either by means of dollars, sycos, taolcheques, etc., across the counter or by book-transfer from a silver account in the same bank, and any sale or withdrawal in the gold unit against hard cash in a silver currency or credit in a silver account, would all take place at the rate of the day according to the fluctuations of gathering. silver, but--and this is where the advantage, capable of indefinite extension, would soon be felt sad appreciated any transfer affecting the bank-unit accounts mutually can také place on a stable gold forting with out any conversions whatever. Similarly, transactions between the bank-unit and

Another instance of inciting to resist the police was reported on Saturday. A European constable had arrested hawker near the Ko Shing Theatre, and

Press, foreign gold currencies find themselves on was taking him to the Police Station

i

the same common gold footing. Thus all when a crowd collected and called out "Ta" (strike). During the disturbance the hawker slipped out of his jacket and regained his freedom, No assault was made on the officer.

contracts, deeds, leases, time-bills; any transactions on time in fact, are once for all shoru of the uncertain and risky exchange aspect which is at present a noxious factor in all mercantile transactions requiring close margins. The practice of settling exchange in advance, besides being unprofitable, does

that myself...

His Worship-1 dv.

Mr. Hodgson-I can prove absolutely your Worship, that this man was lying absolutely in regard to a certain point. There is no question about it.

Mr. Lewis-He certainly said things that I thought he would have suppressed.

The case was adjourned.

H.M.S.

RUGBY..

"KENT 1. R.K.F.C

Office. This supports the belief that the International situation has greatly im- proved within the last twenty-four hours. THE SUGGESTED CONFERENCE

OF AMBASSADORS.

A message from Paris states that the suggested Conference of Ambassadors has not yet taken official shape, but it is understood that while the Triple Alliance agrees to it in principle, it raises difficulties in regard to the place of meeting, favouring Brussels, The Hague, or another neutral capital. It is pointed out, however, that this would a very hard game managed to win by a involve the appointment of special goal and a try to a try. The Club side plenipotentiaries as distinct from re shaped exceedingly well for so early insident Ambassadors, which would entirely

The Rugby section of the Hongkong Football Club played its second match on Saturday against H.M.S. Kent and after

the season and with so much new blood

ro-

BULGARIAN TROOPS LAND AT DEDEAGATCH.

A message from Athena states that the

sailed on Thursday and landed at Dedengatch.

GERMAN AMBASSADOR'S NOBLE ASPIRATION,

Addressing the Volunteers at Singapore General Sir Ian Hamilton referred to the strategical importance of Singapore, and said:"If Singapore goes, all the will go too." He said he was of opinion that the Volunteers would be of great. service in strengthening the garrison should occasion arise. DEATH OF MR. F. A. CUMMING, AT SHANGHAI

The death has occurred at the General Hospital, Shanghai, after a short ill- ness, of Mr. Frederick Alexander Cum ming, one of the most popular residents in the Settlement. The deceased went to Insurance Association. He was especial- Shanghai in 1993, joining the Yangtze ly well-known in sporting cireles, dis- tinguishing himself in sculling and hox- ing, while he was also one of the most prominent figures on the Racecourse," enjoying a reputation as a leading jockey. His list of wins included five Champions. He was a familiar figure on the race- course in Hongkong, and for the past 15 years his name has been intimately asso- ciated with the best racing in the Far

East.

THE

UMEGAKA-MARU” TO BE

REFLOATED.

As the result of an inspection made by the representative of Lloyds, who recently reached Japan from England, it has been decided to refloat the Japanese Volunteer steamer Umeyuka-marú, which むすむ months ago was sunk at Moji during a

storm.

According to the Tokyo Asahi, Lloyds" representative has made an arrangement with the Mitsu Bishi Company to raise the steamer, at an estimated cost of Y. 800,000, on condition that if the work is successful it will receive another sum of Y. 300,000 from Lloyds. In ense of failure, the Company, in addition to the above estimate, will receive 1. 160,000 to cover its outlay. The Mitsu Bishi salv- age steamor Aríma-mara-is-expected-at Moji in a few days to commence salvage operations.

BONGKONG, DECEMBER 30, 1912.

WHAT is described as a practical solution

should eventually turn out à formidable change the character of the proposed of the currency problem of China has been

combination. There was no scoring in Conference, and make it a real Con- published for private circulation is a book

At Holy Trinity Church, Shanghai, the first half, but immediately on resump-forence, at which the Balkans might of 215 pages by Dr. G. VISSERING, Presi not suficiently meet all wants in this respect. last week, Mr. J. L. Beaumont, of the tion the Navy forwards, who played a dent of the Javasche Bank, Monetary Eventual settlements at the end of a transAsiatic Petroleum Company, was married very robust game, rushed the ball over

claim to be represented. Advisor to the Chinese Government, with silver, but as the system gains ground such recently came out from Home, was given drew level, as a result of a good passing action can of course always take place in to Miss Irene Cottrell. The bride, who and scored far out. Shortly after the Club the co-operation of Dr. W. A. ROEST, cash settlements will become less and less formerly co-manager of the Wissel-en in proportion to the settlements which take away by Mr. C. O, Liddell, and she was

run, Linton eventually bursting his way place in the shape of book transfors in the attended by Miss Florence Craddock as Effecton Bank in Rotterdam, acting as bank-unit.

over. The Club, if anything, were now Secretary. A lengthy resume of the scheme

bridesmaid. Mr. T. W Hill discharged having the better of the game, and a fur. Bulgarian Army, on board 19 transportą, Take, for instance, the case of a foreign the duties of "best man." A reception was has been written by a contributor to the importer in his relations with the Chinese given at the residence of Mr. and Mrs. ther good three-quarter movement

retail dealer: Should they be the only ones N.-C. Daily News, who states it has to draw up their contract in the bank-unit, A. K. Craddock, and later the happy sulted in Chapman. crossing the line, been his privilege to have had many little would be the gain, as sooner or later couple departed for their honeymoon Stark goaling. In spite of the strenuous efforts of the Kent to draw level there was thorough discussions. of the subject with the proceeds would have to be materialized which will be spent in a bungalow up

in silver, which may in the meantime have country.

no further scoring and a fast and open Dr. VISSERING and De Boner person-fluctuated considerably But if the foreign-

-game as stated resulted-in-a-win-for-the ally, during which he acquired more and importer car par his rent, office staff, house,

Mälle. Eva Gauthier, the French-

Club by 8 points to 3, more the conviction that the scheme hold stores, etc, in bank-unit cheques or

banknotes and remit his savings home with Canadian mezzo-soprano (a niece of Bir propounded is a really safe and practi-out a gamble on exchange, and the Chinese Wilfrid Laurier)," who gives a concert at cable one-a conviction which is not easily retail dealer can use the same cheques or the City Hall to-morrow night, has notes to replenish his stock, pay the rent arrived in the Colony. Mdlle. Gauthier forced upon-one who has had nearly of his store, buy most of his luxuries, and quarter of a century's official experience in oventually pay his duties and taxes, it is toured the Far East last year and the China.” This résume, which was submitted evident that the advantages of a stable unit recollection of those who attended the will already.cover.a much-wider-field. Thue- before publication for the author's personal the line of demarcation between the stable concert she then gave in Hongkong will ese cruiser Nisshin was en route from and Germany-am-working side-by-side eupervision, runs into many columnus, but and the unstable field will be more and more be a sufficient inducement for them to be Shimidzu to Yokohama on the 18th ult. in maintaining European peace. Their

Dr. pressed back to the restriction of the latter.present to-morrow night.

i some gun-powder on board exploded, with tho general conclusion at which

never It is very the result that nineteen men were more political relations were Those who find themselves straddling VISSERING arrives is that China will have the houndary and therefore the bearers rarely indeed that music-lovers in Hong or less seriously injured. to try to do without a token coin for the exchange risks, will try to place themselves kong have the opportunity of hearing 18th instant a box containing powder in anxious desire to further develop this well.'

Another report says su 6.50 p.m. on the intimate nor more sincere. It is my most first few years, and, as a stepping stone to a as much as possible on a stable footing by singers of Covent Garden royal opera the magazine, in the rear part of the auspicious beginning of my career into a promising but inexperienced young gold exchange standard, resort to what must opening a gold account and try to pass on

rank. The concert is under the patron- vessel, exploded, but fortunately it did be essentially a policy of expediency by Where the sums involved are too small for age of H.E. the Governor and Lady May, not affect the other cases near. No dom London for the benefit of both nations.

age was done to the ship.

the silver risks to the next man and so on.

+

SERIOUS EXPLOSION ON A JAPANESE CRUISER.

NINETEEN HEN INJURED.

An official report says while the Japan-

LONDON, December 2nd. Prince-Lichnowsky, the German Ambassador to England, made his first speech in England at a dinner of the Royal Society. He said-I am glad of the opportunity of saying that England

more

THE MISTAKES. OF YOUTH.

The new journalism-from Citizen :-

the

"The wife of Mr. William George of Garthcelyn, Criccieth, Carnarvon, b ither of the Chancellor of the Exchequ gave birth to twin boys on Sund afternoon.

"The mother and children are

11

If we may give a word of advice

out,"

paper, it is "Spell it out, or leave i