1924-01-30 — Page 3

Page

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel. Central 296.

SOLE AGENTS FOR

“PUDLO'

39

Makes Cement Waterproof

FEUSOL”

The Immovable Fire Coment

1, Queen's Building.

JUST RECEIVED

A GREAT ASSORTMENT OF

THE HONGKONG DAILY PRESS, WEDNESDAY, JANUARY 80TH, 1924

EAR-RINGS, PEKING BLUE BEADS, MANILA HATS, ⠀⠀ SILK LANTERNS AND LAMP SHADES..

THE SWATOW LACE CO., Manufacturers and Exporters

LACES,

OF

DRAWN-WORK AND EMBROIDERIES,

17a. Queen's Road Central.

GREAT REDUCTION SALE

OF

SWATOW DRAWN WORK

SILK EMBROIDERIES

MAR-JONGG. SETS

AND

HAND-MADE "LACES IVORY WAKE MANDARIN COATS

All Kinds of LADIES' FANCY GOODS.

CHRISTMAS IS FAST APPROACHING

Those desirous of obtaining

VALUABLE XMAS GIFTS

Should not fail to Visit

SWATOW DRAWN WORK COMPANY,

E711.

16, Des Vœux Road Central.

BICYCLES

K711.

Telephone Ladies', Gentlemen's or Tandem Telephone FOR HIRE OR SALE.

NEW YEAR SALE Boys' and Girls' Bicycles Just Arrived.

HANG LEE CYCLE CO.,

39, Haiphong BOLD, KOWLOON. Next to PALACE HOTEL.

CARRERO VIDAL & Co.

MANUFACTURERS OF STEEL BARRELS (for the exportation of any

kind of oil,

M

Sole Agent for China

G. B. CABALLERO OFFICE 86, Ice House Street.

¡P10. Box 635,

The CITROEN.

The Last Word in Car-Economy

RUNNING COSTS LOWER

Less Oil

Less Tyres

Winner 3 years rupping 1920-31-22. Omnd Prix for Lew Consumption.

Cars for Sale:

LEPACK CO., LTD.

80-52, Queen's Rd. C.

GOVERNMENT. MINTS

IN CHINA.

The Chinen Economic Bulletin, com- piled and published by the Chinese Government Bureau of Economic. In

formation, says l

the provinces, provincial minta were re- quired to send sample coins to the Minis try of Finance for inspection before dir culation took place.

In 1910 the hints at Tientsin and Nan-

king began to issue subsidiary coins, which were designed to replace the old depreciated fractional coins and thereby «The first Government mint in China was to eliminate the confusion and the com- organised at Canton in 1889 through the plications in the difference of the ax efforts of the late Viceroy Chang Chih- change rate between the dollar and sub- tung. Before that date, syces and brass sidiary cains resulting from the deprecia- eash were the prevailing currency in the tion of the latter. This example was interior of China. In the treaty ports followed by other provincial mints. For Mexican dollars sometimes took the place a time the new subsidiary coins were cir of sycne. The Canton Mint at first con- culated at par, but political disturbances fined its operations to the issue of dollar frustrated the plan of the Government. and silver fractional coins. In 1000 it Provincial chiefs, now look upon the was authorised to issue also ton-cash mints in theit, provinces as souress of copper coins. The privilege of establish- ravenue. Handsome profits have been ing a mint was granted to Fukien pro made by issuing debased subsidiary coins. vince in the same year. As a result of Sonie of the provincial mints, finding it an Edict issued in 1001, Government mints more profitable to issue subsidiary coins, were established in Chibli, Shantung, have stopped casting dollar coins and Hunan, Hupeh, Họcan, Kiangsu, Anhwei, have devoted themselves entirely to the Kiangsi, Szechuan, Chekiang, Fengtien turning out of 20-coat pieces and copper and Kirin provinces. Three mints speci- coins. The market, being dooded with ally designed to issue copper coins also such debased coins, the public has to came into existence at Tientsin, Tsing accept them at a discount. At present kinngpu, Kiangsu province, and Foochow, the exchange rate of the new subsidiary Fakien province, respectively. In 1905, coins on the Peking market is about 10 Kwangsi, Yunnan, and Kweichow proper cent. below their face value. vinces cach obtained permission from the Government to establish mints for the issue of coppers.

By that time there were in all 20 Government mints located in seventeen different provinces. Indiscriminate issue ultimately led to the flooding of the money market with a variety of coins differing from one another in weight and firencas To check this currency chaos the Board of Revenue forbade the estab lishment of any new mints in the pro- vinces, and issued orders to the provin cial mints limiting new coin issues. This step, however, did not prove adequate to remedy the confusion, and the Board had to

resort to more far-reaching reforma. In 1906, at the instance of the Board, an Edict was issued, reducing the number of mints in the country, to nine. The mint in Shantung and that at Tientsin were merged into one, those in Human and Hupeh, in Achwei, Kiangsi and Kiangan, in Chekiang and Fukien and in Kwang- tang and Kwangsi were similarly dealt with. The mints in Fengtien, Horan, Szechuan and Yunnan were retained.. They were all placed under the direct con- trol of the Board of Revenue Attempts were then made to standardise - coid issues. The mint at Tientsin was made the Head or Central Mint, which issued a set of new, uniform moulds to replace those used by the provincial mints. An official system was drawn up for the Government minte. For the Tientsin mint, a Director-General, under title of Chicato, and a Co-Director were appoint- ed, and for each of the provincial mints a Chief, known as Chung-pei, and an Assistant Chief. Each "mint was divided into sections under separata sec- tional chiefs. These efforts at standardis- ing the currency, however, were checked by the outbreak of the Revolution iz

1811.

also

During the mutiny of March 2nd, 1919, the Tientsin Central Mint was looted and its plant destroyed. What remained was removed to the Feiyang Mint, which was established Tientsin in the Tsing dynasty to mint copper coins. In 1914, a new plant was installed on the site of the former Tientsin Central Mint. A

Chiento or Director-General was

'ed and it was reinstated to its

status as the Central Minta The Tientsin Mint, of which the Peiyang Mint is now

HONGKONG BHARE MARKET

~JANUARY 291 m, 1994

CLOSING QUOTATIONS

Hongkong and Shanghai

Banks.

mentre $1,143 h., 1,160 sa. Canton Insurance........$725& Union Insurances.

-938 b

·H.K, C. & M. Steamboats 3:8 b.. "Star Ferries

Chins Sugars

Langkas (Combined).... Whampoa Decks New Engineerings..

Lands Hotels

Estates

Humphreys Cementa*** Hongkong Ropes Cale Farins... Chins Providentr Dairy Waterbosta

Watsoni

$65 b..

11671 b

Tis. 33.

170 b.

·3106 a ex div.

Hongkong Electrics China Lights Hongkong Trama "Shell" Transports

6.—buyers; s.---atliera:

sales.

BLUE BIRD

ICE

CREAM

AND

CONFECTIONERY

PARLOR.

only a branch, is still considered the Cox Corner of Pedder St.

tral Mint, although it has long ceased to exercise authority over the provincial

mints.

The Tientsin Central Mint, under the present official system, is divided into

AND

three departments: the general depart Queen's Rd. Central

ment, the works department, and the essaying and analysis department, each under a departmental chict. There are four senior and four junior technical ex- perta, fcur inspectors, one secretary, and eighteen clerks. In the Tientsin branch raint only two senior and two junior tech- nical experts and twelve clerks are em- ployed.

The mints in the provinces are cow quite independent of the Tientsin Cen- tral Mint or the Government and aro completely under the control of the pro- vincial officials. Some of the provincial mints, which were closed in the Thing

Old Post Office Site.

TRY OUR

DELICIOUS

dynasty as the result of the mergers, have SPECIAL

been reopened. The minta now operating in the provinces, not including the Cen- tral and branch mints at Tientsin, are the Fengtien Mint. at Makden, the Kiang- su Mint at Nanking, the Hupeh Mint at Wachang, the Szechuan Mint at Chengtu, the Kwangtung Mint at Canton, the Yun- nan Mint at Kunming, the Chekiang Mint at Hangchow, and the Anhiwei Mint at Anking. A new mint was opened at Kal-

COFFEE

65 cts, per lb.

gan last year, and a mint at Shanghai C. E. WARREN CO., LTD.

is in process of organisation.

Attempts have recently heen made by the Ministry of Finance to adopt a uni form official system for all the Govern ment mints in the country. As the minta

-SANITARY ENGINEERS, MONUMENTALISTS, &0.

in the provinces differ widely from one OFFICES & 1984, Wanchai Road,

another in their equipment and working capacity, the Ministry has divided them into two classes according to their in- portance. The Contral Mint at Tientsin and the new mint at Shanghai are grad- ed in the first class and the other mints in the provinces, in the second class. The Chief or the Director of first class miat has the title of Chiento and bis official status is in the "Directly Ap- pointed" Class. The chiefs of the second elass mints are officials of the Recom- mended" Class, ranking one grade lower than the first-class mint chiefs.

An Ordinance governing National Cur- rency was promulgated in 1914 and, in pursuance of the injunctions of the Gov ernment the Tientsin Central Mist first issued the Republican dollar, which bears the effigy of President Yuan Shih-kai on one side and two rice ears on the other. Ia 1915, the minta at Nanking, Canton and Wachang alec turned out these new dollars. For the purpose of standardian- tion, the provincial mints got their moulds from the Tientsin mint. The weight of the new coin was fixed at seven mace and two candarerns and its fineness was at

GODOWNE

TEL. No. 180.. HONGKONG,

..

*ALL KINDS OF BUILDERS'

REQUISITES IN STOCK.

Soil, Vent and Eain Water Pipes. Floor and Wall Tiles, Baths, Basins, Bath Fittings. Waterheaters for Gas, Oil or Coal Fuel. Also & Few Chip Hesters.

OPEN AND CLOSED, GRAZEN. COOKING

BANGES.

ESTIMATES FYE FOR ALL SANITARY

INSTALLATIONS, HOT WATER SYSTEMS, &

GUNA REPAIRS PROMPTLY ATTENDED TO,

Specialists in Monumental Work-Cut in Italian Marble or Hongkong Granite.

UST RECEIVED: A BHIPMENT OF ITALIAN

MARBLE FLOOR TILES. Prices on Application

first determined at 30 per cent, but later ARTIFICIAL WÉKLTES-PROM 8" to 18"

on was changed to 88 per cent To, pre- vent debased coins from being issued by

DIAMETER I STOCK.

[1488

Dirt In Solution

Extracted frem Sao- posedly Cleaned Garments.

DO NOT TRY TO REMOVE DIRT. STAINS, ETC. WITH A BRUSH.

-You Don't Clean Solled Handkerchiefs with a Clothes Brash

OUR DRYCLEANING PROJEES WILL ENSURE YOUR CLOTHING DEING FREE FROM GERM, DUST. AND OTHER DANGEROUS MATTER, WHICH WINTER GARMENTS GATHER, WHEN - WORN.

EVERY ARTICLE THOROUGHLY STERILIZED WITH LIVE "STEAM WHILE BEING PRESSED.

SATISFACTION ASSURED,

TEAM

LAUNDRY

HEAD OFFICE and WORKS: YAUMATI, Tėl, K. 32. HONGKONG DEPOT: 16, Shalsy Stroek, Tak ( 1979.

6%, Praya Fast. ́

KOWLOON DEPOT: 19, Canton Road. "CANTON: 18, Sharki Central, Exxt.

KOWLOON HOTEL DEPOT:-

MATSUMURA,

6, ¡Arsenal Street, Hongkong.

DEALER. IN

GENUINE

ART CURIOS

Ancient and · Modern ·

Successor to Nikko

Wr'ta or Phons

or complate PRIOR-LIST.

Artistic Gold, Silver, Brouza, Damascene, & Lacquer Wares, Satsuma Porcelain, China Tes Services, Embroideries, Mr Iampshades, etc.

GREAT REDUCTION SALE

-ALL KINDS OF LADIES FANCY GOODS

indinding Swatow Drawn Work, Canton Embroidery, Hand-made Laces, Ivory-ware, Beaded Works, etc., etc,

DON'T MISS THIS OPPORTUNITY.

CHINA DRAWN WORK CO.

To think of

(YUEN CHEONG) -

40, Queen's Road Central.

SEA-GRASS and RATTAN "FURNITURE

that will give you the Utmost SATISFACTION in every point of EXCELLENCE is

think of

"DO BE CHAIRFUL" COMPANY

61, Queen's Road Central

Makers of Furniture, the QUALITY of which has long. been accepted by knowing Furniture-buyers as the STANDARD OF MERIT.

PIANOS FOR SALE OR HIRE.

TSANG FOOK PIANO Co.,

TEL. 2137.

-944, WanghaY BOLD.

PERFUMERY

Manufactured by

RIGAUD, PARIS.

AIRE EMBALSAMADO" "MARY GARDEN"

HORA CARIÑOSAL "DULCE "MIA"

*LILAS DE RIGAUD”

Obtainable freme

VICENTE ATIENZA,

6, Nathan Rd.,, Kowloon.

Telephone K155,