1916-11-10 — Page 2

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S.Moutrie & Co., Ltd.

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THE HONGKONG DAILY PRESS FRIDAY, NOVEMBEB 10, 1918.

PEKING NOTES.

[FROM OUR OWN DOXRESPONDENT.]

PEKING; November lat.

THE VICE-PRESIDENT,

Rather unexpectedly, the election of Vice-President of the Republic of China was completed on Monday. It was anti- cipated that there might be such a diver gence of opinion expressed negatively by abstentions that the proceedings would end without definite results, but for once the members of the House of Representa tives were on their best behaviour and acquitted themselves with some show of dignity and decorum, fact which -induced the Chinese editor of the Peking,

GERMAN ACTIVITY IN

TIENTSINGS

Mr. R. P. Houston says a correspons dent of his in Obins, writing – under recent date upon German activity in China, states

FLUCTUATING DOLLAR'S EFFECT ON TRADE.

AMERICAN CONSUL-GENERAL'S

OBSERVATIONS.

The AuNrkau Comaut - General of Shanghai, Mr. Thomas Sammens, in a The Germans in China are being main rezent report points out that the tained by their Government out of the fluctuations in the price of silver have proceds of the Boxer indemnity, and some peculiar and unexpected effects upon the import and export trade of large numbers of them are being employ China. Contrary to the general impres- ed in the various German Consulates son, the export trade from this country compiling statistics and information for hot necessarily Bourish when the price of silver is exceptionally low. The reason post-war trade. Germans are actively for this situation is that the Chines engaged in carrying out a strong wati-exporter, and the foreign importer do not, at such times, sem able to agree upon British propaganda in China, and the what is a fair price for the goods under must active centre of this is Tientsin. such conditions. It seems to the average The surprising part of this is that this

portunity to bay at a price in silver.

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strict attention to business and the "absence of senseless howlings" which distinguished previous elections.

From the outset it was evident that the election was, as described by a local journal, a one man race. The result was

names appeared on the ballot papers, but orily two received any appreciable measure of support. These were Feng Kuo Chang and Lu Yung-ting. Among the " also cans were Tini Ae, the hero of the last revolution, and Tsen Chun- hsuan and Li Lich chun, who were very much in the limelight recently in the South, whilst the notorious Huang Being, who has just died, was included in the list of nominees. The first ballot gave Feng 413 votes as against 176 cast for Lu. This was more than half the number of members present, but a third hallot had to be taken before the requisite three-fourths majority was obtained.

The election in interesting as showing what Parliament can do when it is in the mood. The session lasted all day, but members seemed to rise to the occasion and to realise that duty demanded their attendance until the balloting was coor pleted.

On this occasion they were not coerced into remaining in their places, as was done when Yuan Shih-kai was "selected" President in 1913.

tish Concession, and no attempt what -ever is being made by British Consular officials to put a stop to this. The at titude of the British Government in this matter is surprising.

מ

mary conditions, but which, at the low value of silver, corresponds to an usually small value in gold, and, there- fore, offers an opportunity for large profits in re-selling on a gold basis to the foreign consumer. The Chinese dealers All the principal German firms have in the interior who have exports for their offices and own property in the sale are not unadvised as to the truc British Concession, the firm of and situation. They are kept posted through Co., Krupp's agents, being right along a system of guilds which furnish infor side and overlooking the British Con- | mation regarding the real values of their sulate Germans are building great hopes goods in the world's markets, and accord- on their trade with Chino after the war, ingly they demand just about what the and these hopes will be justified unless formign importer can afford to pay and still make a small profit. The result is our Government takes active steps,

An effective step would bo to prevent that the Chinese exporter and the foreign German ships from using British porte importer seem unable to agree upon a

This inter! as they did before the war: but if Ger-

satisfactory trading basis. man ships can call and coal at ports feres with their business transactions. route from Europe to the Far East and On the other hand, the situation is quite

The nice re it will be disastrous. Germans make a point of stating to the Chinese that we shall be compelled to grant diem the same facilities after the war, as we did before it.

FAR EASTERN MEN AND

THE WAR.

Second Lieutenant Oswald Hood, Royal Sussex Begiment, killed on September 1st, entered the Imperial Chinese Mari, time Curteras, but resigned his position and proceeded to sustain Dose outbreak of the war he returned to Eng land, hud, having joined the Artists Rifles, was gazetted on November 1st, Lieutenant Hood took part in the UP 1815, to the Royal Sussex Regiment, pression of the rebellion in Ireland, and was ordered out to the front in July,

1016,

Captain Bertram Rolle Jackson, Cold- stream Guards, who has been killed in action, came out to Shanghai, in 1912, where he got his first experience of mili tary training in the Shanghai Light Horse.

At the end of the month the foreign bank released, on the certificate of Sir Richard Dane, three million dollars, a tide over present difficulties. sum which will help the Government to

11 and 12 on the Third Floor of Hotel Mansions.

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MANAGER, HONGKONG HOTEL. ₤1392

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LINSTEAD & DAVIS.

the reverse when silver shows a tendency to rise in value. The foreign buyer is then anxious to supply his wants in Chinese goods before their value in gold. becomes too high on account of the rise in the price of silver. The Chinese dealer, A. With Tennis Court

10

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[1979

HOUSE, at Observatory Villas, Kowloon,

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ARRATOUN V. APCAS & Co., 14. Der Vœux Road Central.

too, is anxious to clear his stock befor the increasing cost of silver results

him giving

much smaller amount of silver for his goods than he could when silver is lower in value. The two, therefore, experiency. little difficulty in arranging a price for the goods satisfactory to both, with the result that exports materially increase A Buildings, Cheap rental, during such periods. An examination of trade statistics shows that during periods of comparatively lower values of

of silver has been high,--London and silver the export trade is heavy, whereas just the opposite is true when the value

China Express.

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SMALL OFFICE in Alexandrs

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TRADE AND THE WAR, EXPORTS OF JUTE MANUFAC-

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goods from the British Empire to China are issued only when the goods are. con- signed to H.M. Consular Officer at one of the above ports for delivery to an ap proved recipient. Importing firms are required to sign a form of guarantee. The names of approved firms are reported Minister to His Majesty Government by H.MOFFICES on 1st Floor, No. 3, Queen's Road:

at Peking.

The new Vice-President is fairly popu lar. Apart from his military qualifica-

TURES TO CHINA. tions, he is endowed with political

The Foreign Office announce that the sagacity and prescience, as was witnessed

following arrangements have been adopt- during the recent Revolution when be

ed by His Majesty'a Government for con- withdrew his active support from Yuan of Communications have appreciated in trolling the export of jute manufacturea sympathy with this rehabilitation of the from the British Empire to China-The Shih kai and gave considerable encour-national credit, and are now quoted at undermentioned ports have been approved number of by His Majesty's Government as ports of agement to the Revolutionists. But per-125, I am told that quite haps his most interesting reminiscence notes have made substantial profits, 25 Nawekwang, Ningpo, Foechow, Swatow, foreigners who invested in both banks entry for consignments of jute goods to China-Shanghai, Hankow. Tientsin, is of the time when at the head of the Im- one or two instances amounting to thouCanton. Licences for the export of jute perial troops he routed the Republican sands of dollars army under General Li Yuan Hung at Wuching in 1911. It is a strange turn of the wheel of circumstance which makes him Vice-President of the Republic of China under a President whom he thrash ed very soundly in the field of battle just five years ago. The Genekal will remain at Nanking for the time being.

Undoubtedly the election of the Vice President ins improved the situation in China and gives rise to the hope that the administration may yet accomplish some thing useful for the country though the deadlock in the Cabinet caused by the refusal of the Minister of Interior to resign his portfolio in deference to the wishes of the Premier suggests a different view,

THE OBSTINATE MINISTER."

7

The

Group are proceeding very slowly, and The negotiations with the Consortium so far as I can hear little or no progress can be reported. FRANCO-CHINESE RELATIONS.

Franco-Chinese relations have improved as the result

the of

of decision the French authorities to revert to the status quo in reference to the Tientsin incident. It may be presumed, assurance that the negotiations will not however, that the French have had some

be delayed as they have been, and that the methods of procrastination are not to be

continued. However, there is the danger that the ultra-patriotian of the king Gazette, expressed in vigorous terms, may prove somewhat prejudicial, The French Legation has been some that annoyed that the contents of diplomatic documents should be disclosed to the poblic through the medium of the Press. M, Conty, the French Minster, always took a strong attitude on this matter and with the contents of which he had previ frequently declined to receive documents

ously been acquainted by Press reports. has casert. I lasted only three or four The run on the Banque Industrielle.

days, but the Chinese still object to handle the notes.

Mr. Bun Hung-yi refuses to resign and the Premier cannot disaiss him. President could perhaps do so by mandate over the head of Parliament, but he would not dream of such unconstitutional conduct. Only Parliament can impeach him and have him dismissed, but Sun's friends in the House are sufficiently HUMOROUS, strong to prevent this by simply absenting themselves.

As long as Sun decides to sit tight he cannot be moved lle might be induced to vacate his office for one more lucrative, but at present there is no prospect of that, and the Premier fumes and frets at his impotence and threatens to resign. Such action might prove embarrassing to the Government, for there is no apparent cuccessor to Tuan Chi-jui, but it would not weaken the posi tion of Bun, for the resignation of the Premier does not mean the fall of the Cabinet, but simply that another Frime Minister has to be found.

FINANCIAL.

HONGKONG POLICE RESERVE.

ORDERS ISSUED BY MR. F. C. JENKIN, D.S.P. (RESERVE).

ROUTE MARCH.

No Drills, except for Recruits will take place during the week COM- mencing Monday, Nov. 13th,

All

ranks, except Recruits and men back. ward in drill, will parade at Queen's Statue Chater Road, at 5.30 p.m., on Friday Nov. 17th, Uniform, helmets and rifles.

BAND PRACTICE.

Monday, Nov. 13th, Thuraday, Nov. 16th, Monday, Nov. 20th, Thursday, Nov. 23rd, and Tuesday, Nov. 25th, at 6

p.m.

MAXIM GUNKERS.

Will parade at Central Station at 9 a.m. on Sunday, Nov. 12th, for Range practice. White Uniform, belts and helmets. Rifles not to be carried. PARADER, CENTRAL STATION, 5.30 P.M. Friday, Nov. 10th.-Sections 1, 3 and 4 of No. 1 Company; also Ambulance Platoon.

JUINED

RESIGNATION,

J. W. FRANES,

AS. P. (R.).

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No. 17, MOSQUE JUNCTION.

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The Chinese Members of Parliament have never been suspected of any keen sense of humour, but what must be thought of an assembly which carries on No. 2 Section--A. W. Smith. its agenda notice of a resolution to be moved calling upon the people to live The resignation of P.-c. 819 Rahumed is the simple life Can we imagine the

cancelled. Chinese rioting on their ten cents or less per diem, faring sumptuously and adorn- riding in automobiles, attending opera, ing their persons with fine raiment, joy-

etc. 1 Last week the agenda showed such 2 resolution. To-morrow's agenda bas extravagance he shunned, licentious Tork Times telegraphed recently: For GODOWN notice of a "Bill recommending that The Berlin correspondent of the New living prohibited, and diligence and the past week there has been persistent economy be laid down as the main prio- rumours that the relations between Den ciples for the consolidation of the coun- mark and Germany have been strained to try" Not improbably the people may | a dangerous point. Although these ram come to think that they could dispense ours have been formally denied on the with the luxury of a parliament

Bourse I have ascertained that they are due to Denmark's economic action under England's growing pressure, Both Den- the Bank of China last week has had a The International League of Free mark and Holland have diminished their most stimulating effect throughout the masons is this week celebrating the food exports to Germany to a very notice handing over of its quarter from the able degree, and German public opinion. country............ Business ipproved consider Grand Lodge of Massachusetts There which is now sousitive, believes that if ably, and the outlook is now much more is to be a banquet in the Wagons Lites pressure be continued to its logical limit it will mean a complete closure of on Saturday.” promising. There was no rush for silver turday Wheeler, mining adviser, the neutral borders to food exports te Germany, thereby creating a grave and even dangerous situation. - Sweden is the

The resumption of specie payment by MISCELLANEOUS V

in exchange for the notes, and the bank left last week for home, He will offer in Peking report that substantial deposits | bis services to the War Office have been made. The notes of the Bankr. Lampson has arrived in Peking

and taken up his duties as First Beore (Continued at foog of next Column.) tary in the British Legation.

[1006

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