12
THE HONGKONG DAILY FRESS, MONDAY, DECEMBER SIST, 1928.
VEREENIGDE NEDERLANDSCHE
SCHEEPVAARTMAATSCHAPPIJ
(United Netherlands Navigation Company)
HOLLAND-OOST AZIE LIJN
(Holland Fart Asia Line) - Cafembers of the Straits, China and Japan Conteregoen). K
Regular monthly Service between JAPAN PORTS. SHANGHAI, HONGKONG AND MANILA
AND
AMSTERDAM, ROTTERDAM, HAMBURG AND BREMEN
Taking cargo for Belgian, Netherlands, German and all North European ports on direct or optional Bill of Lading, also to United Kingdom porte on optional Bills of Lading only.
Arrivals from Europe.
+1
S.S. "SAPAROEA
Sailings to Europe subject to alterations.
BATH
"ZOSMA"
OLDEKERK”
"SAPAROEA
For
Rotterdam, Amsterdam, Hamburg & Bremon Rotterdam, Amsterdam, Hamburg & Broren Botterdam, Amsterdam, Hamburg & Bromen
For tall pariloulari nioase apply -
York Buikling.
SOUTH
FAR EASTERN CABLE NEWS.
fBY COURTESY OF THE DAILY BULLET:
GOLD FRANC QUESTION. NOTE TO THE POWERS.
PERING. Peeraber. 28th. The Waichiaopu sept a Note to the Ministers of the eight Powers, signatory to "the Protocol of 1001 last owning, at which the following is a summary
media for payment and adopting, specio instead, for it would be scarcely possible to lesermine at what stage of the fluctu- at the exchange rate of a currency should be abandoned in favour of apecio,"
...
-The Note then argues that the different application of the chosen method of pay ment is incompatible with the accepted: bractice of telegraphic transfer, and is also contrary to the intent and purpose of the arrangement of 1913
INDO-CHINA
STEAM NAVIGATION COMPANY, LIMITED. BALLINGB SUBJECT TO ALTERATION.
TSINOTAU SWATOW...
SHANGHAL BANGKOK SWATOW BANGKOK BOIHOT SANDAKAN
SHANGHAI via SWATOW HAIFEONG và FOSCH
*FAUSANG*
THAKBANGTM
➡CHUNSANG* MAUSANG"
STRAITS & CALOUTTA SAAT MANILA
STRAINS & CALCUTTA EL VA TSINGTAU BWATOW...
& SHANGHAI
SHIN
SANG:
#YATSHING".
fesday, and Jan., 10.
and Jan, 10m 3rd
kp.m
Jun
4th Jan, 10am. 4th Jan. 3. p..
Jang 13 sim
8th Jan 3 Pl
Wednesday, 5th Jan., 7 site
KOBE via DALNY & YOKOHAMA "KUTSANG ... Thursday, 17th Jan 7 am CALOUTTA LIN - This Ling afforda regular sailinge de Calcutta, Penang and Blagapote į rezuraing brom Cilentia steamara prosesd vie Bhraim. aak Hongkong to Japan, sotzaionally calling at Shanghai All tindera bare accallans pautenger accommodation, Atted with Wireless, and carry a fully-qualifed Burgeon. LINK(→Sillugi approximately stary three days Delwoen Chaton mul
The Note recall that no sooner had the first instalment of the fademnity beca paid than a difference of opinion arose The Note acknowledges receipt of the garding the precise mature and extent joint Notes dated February 24th and No of the obligation which Chinatsumed vember 8th, 1923 and explains that, the under Article VI. aut controversy delay in sarwering was due ur the neces was brought about by the unexpected Bity for their comprehensive study and rise in the gold exchange rate, which the importance of the question involved. caused a deficit in the respective sama The two Notes in question expred in gold currencies, though China had the unauimus opinion that there is paid the stipulated amount fp Haikuan no doubt whatever that the Protocol of 1901 as well as the arrangement of ingeChina maintamed that her total obliga- provide in a manner which is absolutely tion was expressly limited to Hongkong clear and indisputable that the indem Faels 450,000,000 with interest at four nity should be paid in gold, namely, for per cent in the boul she a gred nud 3rd Jan 109ach Haikaan teldue to each Power delivered so the Diplomatic Corpe For 2nd half Jan., 15
China ought to payasam in gold, which nearly three years, the Chinese Govern Mid. of Feb.,
is shown in Art VI, as the equivalent declined to either sign fractional BORNEO
bonds in gold or make up the deficit
18th Jan, 1934.
Sailing on or about
JAVA-CHINA-JAPAN LIJN,
Gaporal Agents.
MANCHURIA
OPERATING ALL LINES IN SOUTH MANCHURIA AND CHOSEN (KOREA) Kast oF MUKDIY.
SUMMER HOLIDAY
RESORTS
N
of one tarl."
SHANGHAI
rihang and some bimes enlling at "8watow. Through toksin ena be obtained and through BIR of Lading aes, instech-
** Marubars and Tangisas Ferti vin Shanghal Moh
KANILA ZIHE – A voskly encriss is maintained with Manila ny vortein with good
PLOTEger adcommais dan, gallings from both parts wary Friday HAIPHONG LINE: Jalling approximately weakly for passengers and
calling at dolhow when inducement ode LIWW-Fortnightly allN BASQ
So and from Bandasan by twe 5,000 bess
and a
MIHADBANG" both stesinern Axcellent pananger accommodation. Cargo takes a through Bura of Lading for Kudat Jesselton, Labuan, Iswae and Lahad Data p LINEA regular service is ran from March to Beramber "batwa's
Hongkong and Tianwein, calling at Welhsieref and "Castos. LITE-A wankly service is provided betwees Hongking and Bangkok els Hwalow, by Ave "ticamera fiktąd (wish_up-to-date pamengo MAYOTTE MICASTIDA
CALCUTTA LINE
or about
"LAISANG will be despatched on Friday, 4th Jan., at 3 p.m., for SINGAPORE, PENANG
& CALCUTTA.
Sin the foregoing expression of off. account of payment gaiver. It was ion follows closely the language of the only after, the Powers had subsequently med would have little hesitation in giv of payment, applicable till the debt is TIENTSIN arrangement of 1905, the Chinese Govern agreed definitely to fix the future mode the precise meaning which the signatories sign the fractional boufs statul n the BANGKOK RAILWAYing their concurrence if they felt anre of extinguished." that China consented to attach to the phrase in gold Judg.pective currencies, and în addition to ing by the context of the arrangement of Py Tark 8,000,000 as compensation for 1905, as well as article VI... of the Prost loss in gold exchange in the years 1902. col, on which it is based, the Chinese 100 The result was the arrangement of Coverument are inclined to the view that 10%, and the Powers made their selec tions on that day. .China accepted the the said phrase cannot correctly be con SOUTH MANCHURIA AND ONOSE
Arrangement of 3003, and with it the struced to mean anything but the respec- risks of Buctuation in the exchange rate tive gold currencies of the signatories in monthly and yearly, because the Chinese contrast with the Haikuan tael, which is Government understood that while they HOSHIGAURA-Finest Seaside Summer Holiday Resort in North China. Five miles
From Dairen, but connected with the city by special meter and carriage road and electric a silver standard, and in terms of which might thus incur losses, they might also
In other! tramway. Yamato Hotal (35 rooms) and 12 furnished bungalows in charming aliff gardes, the internity is stipulated.
Boating, Fishing, Golf, Tenuis, Billiards, Orchestra twice a week. Capital place words, by gold is not meant gold at times gain thereby. Bathing
Thi The Note cites the years in which the For children. OGONDAI Most beautiful and select Seaside Resort in the Far East. Two milestrom Portet, but simply gold currency.
Arthur. Formerly the Summer Bosort of the high Bussian officers and oficiais. Tamatoappears clear from Article VI, of the fluctuations favoured China or the Pow Hotel and 20 villas and bungalows, mostly with detached servants' quarters. Excelent 'rotocol, which, while, declaring that concerned, giving details of the The Note concludes: In view of the Bathing, Wonderful Bocnery, Historis Battlefields, Rained and Dismantled Forts Miles foHongkong Taels 150,000,000 indemnityoprincipal variations for 140 months. sharming Walks and Drives. Abendant Pionicing Facilities. Orchestra twice a week constitute the gold debt, fres the equival
freeing the Chine Government are Best place for high-class familien.
of the opinion that the word goklia PORT ARTHUR-Famous for its two memorable Sieges and its beautiful landlocke
Harbour. Exactly one hour's journey Dairen by express train. Tamato Hotel (18 roomrencies of the signatory Powers issued ou Article VI. and the arrangement of 1903 Buffalent place of historical and scenic Interest to fill a month with a frest walk or drive
cannot reasonably be construed to mean anything other than the currencies of the every day. Most healthy and salubrious spot in the Far East. KONGOSAN, The famous Diamond Mountain of Kores. A special Summer Resort
signatory Powers issued on the basis of their respective gold standards, and rivaling Switzerland for climate and cery. Beautiful peaks and charming cascades Grand recuperative
nalities Kongosan Hotel (10 rooms) at Onsofri and Choanji Hotel
whatever exchange prevails at present, or is likely to prevail in the future favour- (11 room) Cho enri
able or unfavourable to Ching as pared with the Protocol rates, they can- not be considered as valid ground for placing a new interpretation of Article from the mode of payment selected. by VI, or proposing a radical departure the signatories in accordance with the aid arrangement."
The Note is signed by Dr. Wellington! Koo.
All under the direct management of the BOUTH MANOHURIA BAILWAY CO. Blustrated Bookless and all Information post free on requent, Applications may be sent so the Hobe? Managers at the various resorts or so
THE SUFERINTENDENT OF HOTELS. Trafic Department
·Cable: Add Alautzten, * SOUTH HANOHUBIA RAILWAY, Dairen'
Citer!A.B.C. 5th Ed. &1 & Elebers.
ASAHI BEER
- 1ECIALLY BREWED TOBTEXPORT
DAI NIPPON BREWERY CO.
LIMITED,
TOKYO, JAPAN.
BOLE AGEN IS
MITSUI BUSSAN BAISHA,
*
HONGKONG.
READ and REFLECT
LTD.
The tide of business flowing without interruption Briliant thoro¬ghfare gay wilk brill'ant througe - Eiches- jewelslusaries plenty on every hand Churches - shops
-homes cluba everywhere contentment and peace behind the Barrier of the Law!.
ANOTHER SIDE OF IT
Murder in a bloody pageant outlawry gone aad - theit and thuggery in a crimson carnival-Men attacked and women entraged-Homs invaded-Charches despoiled- Peace and co-tez ment cramble before the a arlet force of Sin!
THIS IF WE HAD NO LAW-NO POLICE
In the name flaw and order and IN THE NAME OF THE BLUE-COATED HEROES WHO SAFEGUARD OUR LIVES AND PROPEREY, BE SURE TO SEE THE MOST AMAZING AND MOST DRAMATIO.
PHOTO PLAY OF THE YEAR
IN THE NAME
OF THE
LAW"
com-
ent of the tal in gold, not as a certain quantity of gold metal, but in the cur- the basis of their respective gold stand ards Au examination of the available records of the discussion among the sign atories which resulted in the drafting of Article VI.. leads to the same conclusion, If there is any doubt as to what was intended to be the manner of payment it was resolved by the arrangement of July 2nd. 1005, which, while declaring the in- demnity a gold debt, settled definitely ence and for all the precise mode of pay men. It provides for China to make these payments unlculated on the basis set the forth above, which fixes the value Haikaan Protocol Tael in relation to the money of each country, either in silver necording to the price on the London market, or in ga bills or telegraphic PARDON FOR AN FU MEMBERS. transfers at the choice of each Power. Chion may obtain bill or telegraphic
transfers as best suits her interests at
PERING, December 29th.
A Chihling mandate gazetted to-day
Ching-yao.
any place and from any bank at the low-pardons the An Fu members Cho Shen, est price, or by public tender, provided Fang Shu, Liang Chung-chib and Chang! the payments in gold be made to each Power direct on due date. It is under stood that China is responsible for the exact payment of the transfer and bills. Each Power, in accepting the present proposals, must inform the Chinese Gov. ernment which" of the three methods cited above is the one it chooses till the debt is extinguished."
On the same day "(July 2nd, 1905), by separate Notes addressed to the Wai chisepu, the signatories indicated their preference each for itself for one or a11- other of the three stipulated methods of payment. The selections were made as follows: For telegraphic transfers in thur respective currencies, Belgiam, France, Great Britain, Holland, Italy and the United States. Provisionally for payment in silver according to the price of silver on the London "market (but in 1908 definitely selected payment: by draft), Spain: For telegraphic trans- fers in sterling on London, Japan, These selections were proposed and accepted with the express understanding that they were to remain effective "until the debt is extinguished." Ever since the con clusion of the arrangement of 1905 they have been faithfully applied to the res“ pective countries without interruption, and heretofore have given no occasion for: any difference of views in their applica- tion.
In the Note of December 28th. 1922, addressed to the Ministers of Belgium, France, Italy and Spain, to whom the Notes under consideration are intended as a reply, the Chinese Government did not wish either to place a new interpre- tation of the language of Article VI, which was made clear by the arrange- ment of 1905, or to propose any modifica tion of the precise mode of payment It stipulated by the said arrangement, way and remains the Ching Govern- ment's intention to continue to make tha indemnity payments as heretofore, each according to its own selected method and in full enformity with Article VI. as interpreted and amended by the arrange- meat of 1903. "I do not understand that by the two Notes poder reply the Powers desire to propose any radical change in the established mode of pay- ment, They appear, however, to intim- ate that the telegraphic transfer should be so effected that the proceeds do not merely amount to the fixed sums in the respective currencies of the Powers, but alco to be gold specie or the equivalent thereof in value. If this be the view of the signatories, the Chinese Government do not for able to accept it." A
The Note then deals technically with exchange fluctuations, which are con stantly occurring. and go on." If therefore, spreis is drigen out of circula- tion by currency "inflation, as is the, case with francs, the money that can, bo so purchased must be goney ubaninable on the market. Each fluctuations, unfavour. able as they are for the time being, do not appear to constitute a practical ground for abandoning currency as
P
A LING & CO. 19, Queen's Road Central, Hoxe,
FURNITURE AND PHOTO GOODS STORE.
Glas Etching, Bigs Board and
Mirror Maker is. Canton Marble in Various Bhade: Photographic Goods of Every Description in Stock. -Dave oplog Printing and Enlarging Undertaken.
Telephone Central 1978.
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For Freight or Pastage apply to
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SHIRE
Jon SILVER OF: STHAMKER,
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Vessel * Leaven Ekong, - - Discharges
OUTWARDS.
Das Hongkong
'... 14th Jan.
" GLENTARATM
28th Jan.
London, Rotterdiam
7th Fab.
་་་
... 25th Feb, 10th Mar.
"GLENBEG
"GLENSANDA" "PEMBROKESHIRE "RADNORSHIRE" "GLENLUCETM
GLENBEG
Tot
10th Jan
Hamburg
1st Mar
Genos, London, Rotterdam & Hamburg.
Movements are subject, in abange without notics, For freight or further particuler losse apply tome
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Telephone: Central No. 215 raber. 15land Central 1996.
THE HONGKONG & WHAMPOA DOCK Co., LTD.
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