1916-07-29 — Page 2

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THE HONGKONG DAILY PRESS, SATURDAY, JULY 29TH, 1916.

[19-5

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THE CHINESE SILVER MARKET

the safety of this country and to insist that full powers be vested in the Ministry of Finance to take up the mutter at once with Parliament.

that al- country destroy

The first point, to which urgent atten- tion must be directed is this sbough in every civilized under the sun, defacing or

minted

is currency Log serious indictable ottence, in China in land of paradoxes, an ordinary

is

£

10

mosi

chop

THE BANK OF CHINA.

THE APPOINTMENT OF SUB-MANAGER..

REOPENING OF CHINA'S „PARLIAMENT.

MOHAMMEDAN MEMBERS.

HEAVY FINE ON THE S.S. ** CHINESE PRINCE" THE CONFISCATED CARGO.

The following Bills will be submitted The Collector of Customs of Manila, on July 14th rendered his decision in the to Parliament after the formal opening case of the British steamer Chinese by President Li Yuan-hung on August Priner, imposing upon the vessel a fine lat:-

Confirmation of the Ministerial ap- of Pesos 25, for each of the 2,018 packages of cargo taken off by the Penang autho-pointments made by the President. aggregate fine imposed thus amounts to Pesos 60,400, reports the Manila Cable- news-American.

The

$

Election of the Vice-President. Amendment of various laws. Drafting of the Constitution. Budget of the 6th year of the Republie. The Prince of Harmi has telegraphed to the Government requesting permission his jurisdiction to elect representatives to hold by elections at different places in

who, at present, are..not represented.- Reuter.

HONGKONG VOLUNTEERS.

Bond covering the fine will be put up by Messrs. Smith, Bell & Co., the local agents of the vessel, whereupon the mitted to proceed on her voyage north,

In anticipation of the action of the collector and in order to make possible appeal to the courts of law without the necessity of Captain Chambers' return to this port, the attorneys of Messrs. Smith, Bell & Co. have filed a petition in the Court of First Instance for the courB ORDERS BY LT.COL. A. CHAPMAN, V.D., perpetuation of the captain's testimony relative to the circumstances attending the seizure of the Manila cargo at Peninag. This testimony was given by Captain Chambers in a hearing before Judge Ostrand, and the depositions will be used in the appeal to be taken to the Cour: from the ruling of the Collector of Customs.

NOTICE.

THE PRACTICE OF CHOPPING "

The controversy round the appoint D'scussing the question of silver cur rency in China, Mr. Putnani Weale, says ment of Mr. S. E. Lucas as aab-manager in the Peking Gazette:--In ordinary of this bank still continues. The Peking creamstances prosaie paragraphs deal Daily News, after quoting a Reuter ing with the state of market which retelegram, describing the protest as being gulates the cost of our daily lives would regarded as unwarranted," and a lead aardly be counted af interest. But in ing article in the Peking Guzette attribut-rities and undelivered at Manila. asmuch as a general tightening-up has ing it to personal jealousy of the new come of late years between Chinese and Governor," say their objection to Mr. foreigners from the identification of their Hau En-yuan rests on deeper grounds.

They have pointed out in a recently nterests through the great issue of Gov-

from other telegram to Mr. Chen Chin-tao, that for ernment banknotes and causes, it is imperative for everyone to the Bank to make the progress that it realize the meaning which silver bears to should do, it is necessary to have a man Chinese Prince will be cleared and perof the Mohammedans for Parliament,

as Governor who enjoys the confidence of all the shareholders, and they remind the Minister that the Shareholders Asso- siation in Shanghai represents share holders in the Bank all over China who have put their money into the concern and are therefore entitled to have their wishes attended to,

Now, reverting to the appointment of Mr. S. E. Lucas, the Shareholders' Aseo ciation emphasizes that a sub-manager in Chinese bank has nothing whatover to operation *ommercial dollars, ie, to deface them by punching do except to look after the inside routine work. For the practical administration ut a minute portion in order to "prove" chat there is not merely a silver casing, the affairs of the Bank, Mr. Lucas will and then to send such chopped currency; thus have no power whatever. If, they well as subsidiary coins, to the meit- contend, the appointment of Mr. Lucas was meant in earnest as a genuine step ing-houses to turn them into the money of commercial account, agere, whenever towards reform, why was he nut put into the market is favourable for such trans- really responsible position? As mat-Chinese Prince;

sers stand, they repeat, his appointment Stahl & Runcker, American Hardware actions. If the Ministry of Finance ever

ad an urgent matter to handle it must is nothing else than a blind to the public & Plumbing Co., Kuenzle & Streift, Picket Harness Co., Pacific Commercial se these old and vicious practices, which at large.

As has been said before, the opposition Co., Carlos Gsell, Froehlich & Kuttner, ave come down from very old times and form one of the most glaring anachronto Mr. Lucas appointment is in no E. Viegelmann, Neuss, Hesslein & Co., isms of the day. That Chinese coingacense personal. It is based entirely on Merkamp & Co., T. Tienzo, G. Martini, hould be calmly treated as merchandizobjection to any appointment whatever E. Alcantara, American Trading Co., E. to be handled, broken up and dispersed being made at a time when the share Puigdengolas, T. B. Tolman, J. P. Heil as market-speculators may decide, with olders are trying hard to reorganize the bronn & Co., Alfredo Roensch & Co.,

1916 whole Bank, so as to give it the status German & Co., Luzon Brokerage Co., absolutely no intervention on the part of

One Yutivo Som, Otto Gmur, E. O. Keller a be Government, is one of those commen- and prosperity of a foreign bank.

of the conditions of the reorganization Co., W. H. Anderson & Co. Garies, which prove beyond doubt that al- though we heard so much about adrnini-contemplated is that a Joan should be strative reform under the Yuan Shih-kainised, and one of the conditions which régime, nothing that was in any way he shareholders anticipate for such a vital to the life of the country was ever joan is the employment of foreign advice Considered what good, it may bend control in all the affairs of the Bank. usaed, is it for expensive Governincat This they desire.

ats to be inaintained and new counag be constantly issued it tie real armite of the monetary destanies of this country

The following is the completo list of the Manila consignees of cargo

Ou

The Chinese Prince arrived in Penang on June 16th, with a general cargo, in- cluding about 500 tons, mostly piece- goods, consigned by a New York firm Lo. Behn, Meyer & Co., Manila. This was not allowed to proceed as the con As a last argument to prove the in-signees are on the black list and the Prince cleared on June incerity of the appointment of Mr. Chinese Lucas, shareholders recall that this up- 23th for Fort Swettenham, Singapore pointment is actually in opposition to and Manila, without it, s to remain the commercial meltinghe by-laws of the Bank as passed by the Houses, which arrogate to themselves th right of deciding trom day to day what 1 to happy to Chinese currency is true, of course, as everyone know, that the evil lies in the fact that China is caught between two systems, the old Lael system, which is the money of com- Dercial account and the means of settling trade balances, and the new dollar system, which is an unorganized attempt to in- troduce by auusion a modern “and-non- Auctanting standard,

It

Cabinet, which by-laws enact that no for- pigner can be appointed to any executive position in the Bank.

LU YUNG TING. WELCOMED BY KWANGTUNG TROOPS.

FOR

SHORT SHRIFT

MONARCHIST LEADERS.

TO BE SHOT WITHOUT FURTHER TRIAL.

Commencing on Monday, 14th August, the Left, Centre, and Right Sections M.G. C., Beouts Co., and Service Co. will parade on Mondays instead of Tuesdays as at present.

JOINED,

Pic. A. Rowan having joined is allested" Corps No. 2013 and posted to Right Section M.G. Co.

Pte, E. G. Anderson having joined is allotted Corps No. 2016 and posted to Engineer Co.

- 1010.

RESIGNED.

No. 1918 Pie. N. Jacobs is permitted to resign with effect from the 25th July No. 1842 Spr. A. Grant is permitted to resign with effect from the 21st, July?

LEAVE.

2nd-Licht. W. Brown is granted leave from 30th inst: to 2nd September, 1916.

No. 1521 Pre. A. A. Claxton is granted

1 month extension of leave from 31st July, 1916.

No. 1008 Pte. T. A. Loughlin is granted 2 months leave from 4th August, 1016

No. 1066 Cpl. A. Hamilton is granted 18

months leave from 25th July, 1916, No. 1542 Gr. G. Perkins is granted I

months leave from 28th July,, 1010,

No. 1151 Pte. A. Viveash is granted 1 month's leave from 1st August, 1916. No. 1270 Pte. I. I. Jones is granted 2 months leave from 4th August, 1916. No. 1285 Le.-Cpl. L. M. Whyte is granted month's leave fronti 25th July, 1910. No. 1960 L.-Cpl. H. 8. Honnets is grant- ed 6 weeks' leave, from 1st Augusi, 1916.

Secing that it is not an easy task to bring to justies the eight, monarchical | No. 1820 Spr. J. J, Lyaught is granted

3 weeks' leave from 21st July, 1918. It is extraordinary how General La promoters on account of their presence in The remedy lies in proper govern Yung-ting is growing in popularity the foreign concessions, the Supreme No. 1712 Pie. D. C. McDonald is granted

The latest evi-

Court intends to inflict death sentence week's leave from 22nd July, 1910. montal action. The first relations which throughout the South. the Ministry of Finance should have with dence of this popularity comes from Gen- upon them for their non-presence so that No. 1381 Pts. J. Dickson is granted 7

whenever they be captured they may be days leave from _24th July, 1915; Parliament should not be in any budget eral Mu Yung-hsien, Commander-in plans but in laying before that body & Chief of the Independent Trops of Chao-shot by the local Authorities without No. 2003 Spr. J. H. Donnithorne is

further trial.-Peking Daily News.

granted 14 days leave from 25th July 1916 properly worked out Currency Bill, met in Kwangtung and sometime Occupa which, among other things, will give the tion Commissioner of the same district, Ministry complete control of all melting who has telegraphed to the Central Gov Rouses in China, and make it an indicternment that he is willing to hand over control of his troops to General Lu Yung able offerice to deface or tampor with

province.

the currency. It would be presumptuousing as soon as the latter arrives is the for anyone not an expert, duly authorized to that effect, to dogmatize at any length.

FAR EASTERN MEN AND THE WAR,

on such a complex and involved question A BRITISH LOAN IN JAPAN Hogg, North Staffordshire Regiment,

as currency laws. But it roust he plain

that the first things to be attacked are

the present abuses. Before there can be

200,000,000 YEN.

Becond Lieutenaut Frank Alexander whose name appears in the. Roll of Honour of June 28th was an old Chefoo boy (1808-1900). He was born in Chou- any question of making the Republican Japan has been quofficially approached chiakou, Honan Province, in 1890, the dollar the universal unit of value and by Great Britain for the isans of a Brithird son of Mr. and Mrs. C. F. Hogg, substituting it for the taol as the moneytish leau of 200,000,000 yen in the then of the C.I.M.

of ommercial account, there must be con trol of the tal system. The present posi tion of paper money is un additional argument why it is necessary to go to the root of the aatter without delay. The Chinese Government must chief the silver-market more or less on the same terus as the Indian Government does, controlling as far as possible supplies within its own borders, and dealing with Burrency needs on a large and.com. prehensive scale which will make the Government the principal factor.

YUAN SHIH-KAP'S FUNERAL.

LARGE SQUEEZES.”

The auditing of the accounts readored in connection with the funeral of the Tate President has disclosed some con

on the part of the siderable “squerzes person or persons in charge of the obse-1" quics. For the erection of a simple mat shed, the sum of $19,500 has been charged; and a fabulous sum of six figures is set down as the cost of the funeral train to Changtehfu.

NEW JAPANESE GOVERNOR GENERAL.

FOR MANCHURIA AND KOREA. The following article translated from the Kuo fuo Pao, is published by the Peking Gazette :---

the

VOLUNTEER HESERVES

Japanese market, reports the Nippon Dempo News Agency. According to the wine news agency, the Japanese Govern- aent, considering that the amount of specie has increased and the money mar tet is rather sluggish, has sounded the RDERS BY MAJOR WAKEMAN, O.C., H.K. V. E. views of a number of bankers here on England's proposal.

DETAIL

It is said that the Japanese bankers on duty till the morning of Sunday, 201

ins H.K.V.C. want an interest of 55 per cent instend of 5 per cent as proposed by Great Bri-On duty from the morning of Sunday, 30th inst, to the morning of Sunday, tain, with a short term of redemption

Co. 6th Augusi.•* ́A for the issue If the British Government will awept these terms, the issue of the Orderly Officer for the same period.

Lieut. Owen Huglics. luch will be possible, says the, Nippon

PARADES FOR THE WEEK INDING THE Dempe. In case the loan is issued, one-

4TH AUGUST. half of it will be taken up by the Gov erament and the other half by the

bankers.

FRESH "DEMAND " `FROM. THE SOUTH.

YUAN'S FAMILY TO FOOT THE MONARCHIST BILL.

A vernacular paper learns that the Government has received a fresh demand" from the South in regard to the financial liabilities incurred by the late Yuan Administration in

conse- quence of the monarchist movement. The South" is reported to have sug gested to the Government that thorough investigation should be instituted into the financial liabilities incurred by Yuan "As an immediate outcome of the now Shih-kai in connexion with his monar

a statement of Russo-Japanese Convention. Japan is chist campaign, and taking a new step to extend her influence account should be sent to the Yuan in Manchuria by creating a new Gov family with a request for reimbursement Tor-Ceneral for Manchuria and Korea of funds spent by the late President. The recent departure of General In default, the South" is alleged to Terauchi,

Governor-General of have declared that the property of the Korea, for Japan is closely connected Yuan family should be seized and con

to make good the with this event. The Japanese Govern fiscated in order nent is understood to be contemplating liabilities. the conversion of the post of present Gov Perrior General for Korea into The Gov ernor-General for Manchuria and Korea

NEW KRUPP FACTORY: and the present Governor-General Terauchi will be appointed to the new

According to a telegram to the Berliner! post. The power and functions of the Governor-General for Manchuria and Tageblatt from Munich the foundation- Kores have been defined by the Japanese stone of a new armament factory was laid Government and the announcement of the on June 27th under the auspices of appointment of the new Governor-Gen Krupps, of Essen. The capital of the eral is to be somewhat mysteriously asso- new firm amounts to £1,250,000, of which ciated with the assumption of office by 50 per cent, will be taken over by Krapps, the new Japanese Minister to Peking. It of Essen. The erection of the new fac is learned that the appointment will be tory begins at once, and will be finished The works are made public by the Japanese Government in the course of 1917. as 6OOR a Baron Hayashi, the new intended specially for suprising the Japanese Minister at Feking, arrives Imperial xavy, and friendly foreign here."

countries.

Monday, 31st July:---

Recraits on the Cricket Ground under Instructor Sergt. Oxberry at 0.15 pm. Dress; Drill order. Bignalling Section on the Cricket Ground under Instructor Sergi, E. V. Mitchelmore at 5.15 pm. Dress: Clean fatigue,

Tuesday, 1st August:-

Mounted Section on the Polo Ground at 5.30 p.m. under Instructor Staff. Q.M. Sorgt. Talbot. Dress Drill order. Thursday, 3rd Angust;-

Recruits on the Cricket Ground under Drill Instructor Sergt. Oxberry at 3.15 p.m. Dress: Drill order.

Machine-gun Section at Wellington Barracks under Instructor Bergt. Bowles at 5.30 pm. Dress: Clean fatigue,

Mounted Section on the Polo Ground at 5.30 p.m. under Instructor Staff Q.M. Sergt. Talbot. Dress: Drill order, Friday. 3th August.

i

STRUCK OFF.

No. 1777 Pie. 2, O. Wilken is struck ofi the strength of the Corps from 19tu July, 1016.

No. Pte. .". Graves is struck off ine strength of the Corps from 27th July, 1910.

PARADES. Monday, 31st inst,:-

7:00 am. Signalling Section. "C"

class on Cricket Ground,

5.30 p.m. Scouts Co. (Left half) on

Cricket Ground.

Tuesday, 1st August:---

3.10 p.m. Centre Section M.G, Lo. at Kowloon Dock. Hongkong residents proceed by launch from Statue Wharf, 40 p.m.

5.15 p. Left Section and Right Section M.G, Co. and Civil bee- vice Co. outside Courts of Justice and proceed by car to Happy Valley

5.30 pm. Recruits of all its al Headquarters under Corp). Grimes. 5.30 p.m. Streteber Bearer Section

at ileadquarters.

5.30 p.m. Signalling Section A,

**B” and “ C classes at R. A.

Theatre.

5:30 p.m.-Mounted Section on Pelo

Ground.

Wednesday, 2nd August:---

7.00 am. Signalling Section"C"

class on Cricket Ground. Thursday, 3rd August:-

5.30 pm Signalling Section "A‚” **B" and C classes at R. A. Theatre.

Friday, 4th August:---

5.30 p.m. Recruits of all units at Headquarters C. M. S. Witchell. and Corp. Grimes will attend, 5.30 p.m. Artillery Battery 10 pr.

B. L gun drill at Gun Club Hill,- Sergt. Bradley will attend. Hong- kong residents parade at Star Ferry Wharf, Hongkong, 5 p.m. 5.30 p.m. Scouts Co. (Bight half) on Cricket Ground,

Saturday, 5th August

2.30 p.m. Artillery Battery Muskotry Part 1 Trained men on King's Park Range.

Sunday, 6th August:

9.00 a.m. Artillery Battery Musketry Part 1 Trained men on King's Park Range.

"A" and "B" Cos., Kowloon and

Taikoo Sectiona on the Polo On Ground at 5.30 p.m. Remainder on the road outside the Law Courts at 5.15 p.m. Dress: Drill order. Signalling Section. Lamp Drill on the Cricket Ground at 9 pm. Dress: Cleau fatigue.

عرف

ܕ܂

DETAIL.

duty 6th Aug.-Right Sec. M.G. Co. 7th Aug. No. See. Artillery

Battery. Ca.

STRENGTH.

Pte.

J. R. Graves, having joined is allotted Corps No. 614 and posted to

ᎨᏐ . A Co., Platoon 1, Section 2.

·NOTICE

72

Privates wishing to join the Machine-gun Section please send in their names to the Acting Adjutant by the 5th August, 1916,

Co.

Serz.-Majors will forward to the Acting Adjutant a revised list of Telephone Numbers by the 15th of August, 1016.

C. CHAMPKIN," Capt..." Adjutant, H.K.V.R.

8th Aug.-Scouts

9th Aug-Scouté Co.

10th Aug.-Scouts Co. 11th Aug. Scouts

Co.

12th Aug. Centre Sec. M.G. Co.

20th Aug.-Civil Service Co.

21st Aug. No. 1 Sec. Arty. Batty.

,, 22nd Aug.-Left Sec. M.G. Co.

37

25

23rd Aug-Right Sec. M.G, Co..

24th Aug-No. 2 Sec. Arty. Batty, 25th AugScouts Co.

28th Aug-Scouts Co.

Orderly Officer from 6th to 12th August

Liest. Weall

Orderly Officer from 20th to 26th August.

Lieut. Rees!

A. F. CHERCHILL, Capt., Adjutant, H.K.V.C.