1923-11-14 — Page 4

JORN 1.

THE HONGKONG" DAILY PRES

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WEDNESDAY, NOVEMBER 14TH, 1928.

THE INSURANCE. PROBLEM IN JAPAN.

CHINA AND THE GOLD FRANC-PROBLEM.

AN AUTHORITATIVE STATEMENT.

HONGKONG AT THE EMPIRE

EXHIBITION.

SIR JAMES JAMIESON, PRESENTATION OF K.C.M.G. IN-

SIGNTA DY HM. MINISTER-

At the great Empire Exhibition at Wem-

An impressive ceremony took place on AN ANTI-FOREIGN MOVE

Calory of Hongkong will be represented by Nor. 8th in the drawing-room of H.M. Reuter's Agency at Feking has received by next year, says the China Beurres, the The Rochi publishes a report that the

i street, as seen in that Calony. The en. Tokyo fire insurance companies are the following statement on the gold franc

trances thereto are on the lines of the Consulate General, at Shanghai, the oe asking for some form of protection question Iropa an authoritative source ----

The most decisive point in the gold gateways to Chinese cities; on the north casion being the presentation of the against foreign competition as a roward for their proposed sympathy payments to franc controversy is the nature of the kids are buildings of Chinese design, to insignia of the K.C.M.G. to Sir James Insurants who were not insured against obligation incurred by China in counce house a model of the Cakony, models of its Jamieson, HM, Consul-General at Can- losses due to earthquakes. Twelve com- tion with the Boxer Indemnity. This is locks, and mudels of steamship.onstructed. This was performed by Sir Ronald panies have united in this appeal, but to be found as it is always in any ted there, exhibits of British firms trading Macleay, K.C.M.G., H.M.Minister to In addition to H.M. Minister and Sir they are trying, according to the Tokyo obligation arising from a contract, be it in the Colony, and an interesting colles-China.

a private agreement or an international Į tion of old prints showing the Culony prior

Ayature on this side of the James Jamieson, the number present in- paper, to keep it a secret,

street is a Chinese restaurant, which fronts cluded Mr. G. E. Stitt, his Honour -The Huchi adds that the financial treaty-in the text of the documents to 1880, standing of the Japanese insurance con acknowledging the debt. "

The fundamental document is the In one side of the main road of the Ex-Judge Sir Skinner Turner, Admiral Sir The type of roof employed in Arthur Leevson, K.C.B, Mr. S. Barton, cerns, as revealed in the discussions over! earthquake payments, is unexpectedly ternational Protocol of September 7th, hibition. weak, and they will, of course, be further 1901, According to Article G, the Ts, this building has probably never been seen in C.M.G., his Honour Judge Peter Grain, weakened if they make the proposed 430,000,000 Indemnity which China agreed England before. Its ornamental ridge and General Macraghten, C.M.G., D.SO... sectimental allowance. Insurers, realis to pay and which was secured on the turned gable ends of green colouring Capt. Alington, H.M.S.Harkins, ing this, are said "to be transferring Meritinio Customs, the Native Customs with the vermilion pillars and roof Messrs. H. P. Wilkinson, G. S. Mons, in enhanced by green enamelled tiles of Whitamore, J. Q Hutchison, J. business to the foreign companies." So and the Salt Gabelle, constitutes a single / trusses to produce a fine colour offset, which B.E., H. J Brett, W. Stark Toller, the Japanese companies consider them debt on the part of Chian to the Powers various designs of Chinese origin. Typical Bradley, A. S. Campbell, A. G. Mosson, Chinese meals are to he served in the res. N. Stepton, A. B. Lang, J. Clark, C. selves entitled to ask the Government who reserved the right to divide it to legislate in some way that will pro amongst themselves.

In order that the indemnity should be taurant, and the delicacies peculiar to tect them from foreign competitions" The Inchi is unable to state what is the mode divisable between countries having differ-Hongkong may be eaten with chopsticks to Lof protection suggested. It says, bow- ent currencies it was necessary to adopt the accompaniment at intervals of a band the Honours Tist issued at the New Year

there is a reference to this matter in the statements made by Baron "Den at the

recent Cabinet meeting that the proposed insurance payment scheme would require the approval of the Diet and had the appearance of a legal (1 legislative) pro

<

The division was made on June 14th.

of musicians who are among the 173 Chines

W. Glass and R.. Wood."

Sir RONALD Macizay recalled that in

a common standard. The common stap- ever, that Baron Den, Minister of Com

journeying specially from the Cutony to His Majesty the King was graciously merce, and Mr. Inoue, Minister of Fin-dard selected was gold, and the protocol take part in the Exhibition. On either pleased to confer the honour of KCMG ance, understand the plight of the accordingly specifies the ratios of the Lael side of the street are twenty-four shops in on Mr. Jamieson, the Consul-General-at Japanese companies, and it imagines to the gold currency of each of the parti- simple design, relying for effect upon in Canton. Mr. Jamieson was not at Home

cipating states..

numerable coloured hanging signs indicar at the time and consequently bad not shop, and the nature of the goods for sale. the ordinary course the insignin of tho 1902, when the percentages of 7.31970 foring in Chinese characters, the name of the been able to attend an investiture. In Here will be found exquisite specimens of Order was sent out to the Minister with Hongkong workmanship in jude, ivery, instruction that he should if possible blackwood, sther, and silk. The broad deliver it personally to the recipient, not it is thus clear from toc letter and the verandah in front of the shops, as custom- by way of an investiture, but in

THE ALIGNKT. OF SEANCHAT. spirit of the arrangement that, apart fromary in the East, gives protection from sau formal, oficial and ceremonial manner. the inevitable but small fluctuations of and rain, quil the pillars, gaily painted

As they knew, the huge expanse of exchange between the different gold cur- with Chinese characters, proluce a wealth

The the Middle Kingdom separated him rencies, it was intended that each Power of odour impossible to describe, should always receive the same respective design for the buildings has been prepared¡Sir Ronald) from Mr. Jamieson, and it percentage via-vis the other Power-for

blem.

The charity of the Japanese insurance companies loses its charm when we find that their plan is to get their outlay back out of insurants by raising their rates after trussing the foreign competi- toss-dapa. Chronicit,

YOKOHAMA

the United States, 15.76072 for France. 11.1 for Great Britain, etc,, were agreed upon by the Powers.

instance, that the French share shouldy Mr. H. W Bird, F.R.I.B.A., of Hong was only on very rare occasions that always be to the American or English kong, and the contractors for the erections hy were privileged to meet By → ?

The great stroke of good luck, however, the shares in the proportion of 15.75 to 7.31 are Sir Robert McAlpine and 'Sony, or to 11.94.

Chairman of the London Committee of the inagnet of Sannghai had drawn them. Hongkong section is Sir Newton J. Stabt, together at the same moment. Shanghai Kt.. O.RE., and the Hou, Secretary Mr. and the Races, had arranged it so that C. H. P. Hay.

The 1901 protocol states accordingly that the Boxer Indemnity is a gold debt," that it is a sum of gold," and that the capital and interest should he payable in gold or at the rates curre sponding to the dates of payment."

SHAMEEN PROPERTY IN

DISPUTE.

C.

OF ASTA

BRITISH CONSULAR OFFICIALS AT

CANTON

PROGRESS OF RESTORATION:

they were bound to meet just at the time when the insignia had arrived in Pekiaz from London and had been sent At present, says a Yokohama message

down to Shanghai. So by this. stroke to the Osaka Jiji, Nek. 1, 2 and 6 piers

of luck he was in a position to carry in Yokohama ure usable for macring as

In the exchange of Notes of July 2nd.

out His Majesty's wishes as communicat ed by the Marquess Curzon of Ked- their damage from the recent earthquake 1902, Prince Ching, on behalf of the Chi-

leston. These were to deliver it person- was comparatively small, while Nos. 4 neso Government" recognizes that the

BANK Bum of Tla-450,000,000, constitutes a debt.

ally to Mr. Jamieson, and that was why and 3 can be partly used. Regarding in gold and undertakes to pay is "either

he (the Minister) had naked them to at the condition of the wharves there in silver, according to the price of silver

tend this ceremony, and to witness him A, B, C and D have been repaired for and the London market, or in gold bills ... provided

An order for pleadings was made by his having the great pleasure and great use by the Navy Department and the or in telegraphic transfers

that the payments in gold he made to

Honour Sir Skinner Turner in the Supreme distinction of handing to Sir James remaining 7 are now under repair by each Fower direct on the due date."

between the Bank of Asia and Sir J. W.mander of the Most Honourable Order the Engineering Department of the In compliance with the provisions of Court as Shanghai last week, in a case Jamieson the insignia ofn Knight Com- Honge Office. Nos. ; 2, 4, 6, 7 and 10 the protocol and exchange of letters,

national bonds were delivered to each Jamieson, K.C.M.G, H.M. Consul Gener of St. Michael and St. George.

is in which & claim is Yokohama Customs sheds have already country for her share in the indemnity at Canton, and Mr. Frank Arnold Wall-Sir Ropald wished to impress upon ViceConsuls distinction had been awarded Sir Jamea been restored.

The French bond is a bond in goldfendant and one of rought against those present that this signal mark of francs." Attached to it are yearly cou

at Canton (1) For a declaration that plain Jamieson by his Sovereign in. recogni The only godown saved from destrapons in gold francs." The 1923 coupon are entitled, by virtue of divers tion of his extremely valuable service tion was No. 2, but the Toshin Soko is as follows:- between Nos. 6 and 7 piers has been restored, together with another Toshin Soko godown at No. 9 pier. In addi tion, the Mitsubishi and Shinminato Godown will shortly be repaired. The Yokohama waterfront railway service is going to be restored by degrees. hundred goods trucks are being used for the service between Tokyu and Yoko bama at present. The water supply at the Yokohama waterfront is being restor ed. As to the lighting at the Yokohama waterfront, preparations are now briskly going on, and there will be light at the end of this month with the arrival of materials from the Kansai district, Yokohama will show marked progress in

November..

COUPON NO. 99

messe asignments and in particular by 30 years in the Chinete Consular service, virtue of an indenture, dated 4th day of crowned by brilliant work in the post of The Government of the French Re-August, 1923, to the West half of Lot 87 in Consul-General at Canton. Those who public certifies having received from the the British Concession at Shamece for r knew China knew what the occupancy of Imperial Government of Chins gold sidenes of term of 63 years granted by the that post meant. They would join with francs 14,461, 405.43 (fourteen millions indenture dated Sth of November, 1888, him in expressing their congratulations four hundred and sixty-one thousand and made between W. Cowan, on behalf of and felicitations to Sir Tamse Jamieson four hundred and five franes, forty-three the Commissioners of Her Majesty's Works A

centimes) interest and amortization for the year 1923 on the debt of the 1901 indemnity.

SEA EARTHQUAKE, CURIOUS MISHAP TO "PRESIDENT GRANT."

All the documents bearing on the case show therefore that from the very begin ning the Boxer indemnity was an indemn ity in gold, more particularly that the French portion was an indelanity in gold francs.

this honour His friends in the Con and Public Buildings of one part and S. and hope that he would long enjoy Z: Simmons and Robert L. Chambers of sular service might, weil feel that on an Shamees, Canton, of the other part, and

to have their title registered in the books occasion like this a little reflected glory. kept for the purpose at H.M. Consulate had descended upon them.

In handing the insignia and warrant General at Canton. (2) For a mandamas

personal congratulations. commanding defendants or one of them to to Sir James, the Minister offered his effect, such registration.

19

Mr. Duncan McNeill is a acting for plain tiffs and Mr. H. P. Wilkinson for defend. anta.

WWENX

re-

THE CONSULAR BERVICE. In replying Sir JAMES JAMIESON marked that it was a peculiar source of satisfaction to him that he should have SHIPPING BOARD'S FLEET. had the honour of receiving at the hands. of the Minister this highly coveted de-. ocration which had been so graciously conferred upon him by His Majesty. The meeting between himself and the Minis-

PRESENT VALUE.

WASHINGTON, September 9th.

That the foreign representatives who negotiated the 1901 Protocol and the 1905 exchange of notes had in mind gold cur- rency as opposed to paper currency is not surprising when one considers that in 1901-1905 a depreciated paper, currency till existed in two of the signatory coun tries, Spain and Italy, that paper francs had been under a heavy discount in The present value of the 1,334 Shipping ter seemed to have been a case of mutual France from 1819 to 1950 and, from 1870 Board vessels, which cost billions to con-attraction; Sir Ronald had been drawn The President Grant, of the Admiral to 1578, paper dollars in the United States struct in war time, is $26,733,315, the from the north and he (Sir James) from Line, had a strange experience on her from 1861 to 1878, paper roubles in Russia Shipping Board announces following an the south, and they had come together voyage from Yokohama to Kobe, recently from 1857 to 1806, also that war indemni-extensive survey of every vessel. The on what was neutral ground, neither Wis made to-night by north nor south. He wished to thank Sir Ronald very gratefully for the very At 3 a.m., when the vessel was a day ties have generally been made payable in announcement cut, she dropped suddenly, as if into a gold, g, the 1871 war indemnity paid Chairman Farley.

Her nose by France to Germany. „ deep pocket of the ocean. dived under and the ses rushed over the decks up to the pilot house Fortu- nately, none of the passengers or crew came in the way of the wash, and no injuries were-reported. It was lucky! that the incident happened in the depth of the night

Slight damage was done to the steam pipes leading to the winches. The vessel

RAILWAY HATES REDUCED, The Feleration of British Industries an nounces that its efforts to bring about a general reduction in railway rates satis factory to the trading community have been successfully concluded Applications Federation companies were lodged by the

was delayed little at Kobe, where re against the rates of the four group ray board has sold six skips for a total of deep loyalty to His Majesty the King,

pairs were completed.

Of the 1,334 vessels listed, 416 are in kind words which he had been pleased operation or ready for spot delivery, and to say, and he felt that the honour did 882 laid up. There are also thirty-six not reflect so much upon himself as an tuga. The value of the ships in oper- individual as being rather a token of ation or ready for immediate delivery is His Majesty's regard for the splendid Sir James asked, when His Excellency placed at $137,311,940, while the hoard service to which he belonged figure the much larger laid un fleet as

These figures are as of September 8th he had carried out the instructiona worth $87,000,375, and the tugs $1,515,000. reported to the Secretary of State that total sulus of the entire Boer on July given him, that he would convey to the way wax $227,732,615. Since that date the Secretary of State his sense of daty and accompanied by his very grateful thanks for his gracious act. It is assumed that some submarine of British Industries with the Railway $009,300

The value of the thirty passenger earth disturbance occurred in the Rates Tribunal on July 18th. The Feder vicinity of the vessel

ation asked for (a) a general reduction of vessels in operation, according to the The health of Sir James was then rates and charges to 50 per cent, above the survey, is $48,300,000. Three passenger toaster, this bringing the function to a and (b) the 14th 31,00

abolition of the Est-rate Cargo vessels in operation or ready additions?

for service number 305, valued at Shortly after the Consulate ceremony The Federation had italicated to the $31,90,410, There are nineteen tankers, Sir James Jamieson entertained a num companies that if they would make an im- valued at $8,669,230, and two refrigerator ber of friends at a reception in the luncheon room of the Hongkong and Various offences arising out of the mediate reduction, as asked for under (a), ships valued at $923,300,

and would give an undertaking that the Of the huge laid up feet, 802 are cargo Shanghai Bank, among those present récent earthquake in the area under traders would not be prejudiced in any carriers, now valued at $75,508,296; 26 being the Minister and Mr. Barton.

EARTHQUAKE CRIMES.

MANY CASES.

close.

RECEPTION BY SIR J. JAMIESON,

Mr. G.. H. STITT proposed the health Board, Tokyo, have ran up to 2,600 casesf about 10,000 accused persons being in- against the flat-rate additions in the 83,008,136; 7 concrete tankers, $175,000; volted. As a result the Board is frights future, the applications would be with concrete cargo vessels, $75,000; 19 vessels of Sir James, which was enthusiastically,

The reductions asked for were damaged and obsolete $474,500; transport bosoured,

the beginning of at

of fully busy. Snappers-up of the proper brought into operation

rolerence to the Races, indienting that B. $1.225.000. cases up to September 20th; profiteers rate was given by the London, Midland, ties of refugees come first, with 602 August, and the anderinking as to the fat cable, $25,000, and 5 transport vessels, type In reply Sir James made humorous The Dirgel-engined William Penn most he was taking away with him a certain placed on deposit in Shanghai. He had number 284; safe and godown breakers, and Bcottish Radway Company on July economical of the cargo y valued amount of the money he had previously murderers, robbers, and, so forth, 31st. Arrangements for similar under- nt 8742,500. follow. This beata all records since the takings with the other three companies have should the Shipping Board sell the still however, a good deal more of his establishment of the Metropolitan Police necesitated a little more negotiation, Should amount realised total depont to get back. Ronald Board in 1874. Two hundred and sixty partly owing to the intervention of the four profiteers sounds a pretty hunt, but holiday season. Satisfactory undertaking on the present market at the valuation

the toast of Mr. Stitt Y.-O. Daily News this is a net which catches small fish have now been received from these com fixed would cover the cost of operation Macleay eulogized Sir James's work no and lets the big ones escapa-Japan panies, and the applications against them of those in service for less than five Canten, and the reception concluded with

are being withdrawn forthwith. Chronicle.

YASTA

In a delightful speech Bir