1925-12-16 — Page 3

Page

THE HONGKONG

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel. Central 236,

BRIGG'S

AGENTS FOR

2, Queen's Buildings.

BITUMINOUS

ENAMELS & SOLUTIONS.

"VOLE AGENTS FOR

"

UNION"

ANTI-CORROSIVE and ANTI-FOULING-

COMPOSITIONS

FOR SHIP'S BOTTOMS.

THEATRE ROYAL.

TO-DAY at 4.30 p.m. Sharp.

BOOKING AT ANDERSON'S.

A HAPPY COMBINATION→→→

́SULLIVAN'S MELODIES.

GILBERT'S WIT.

69

HONGKONG'S OPPORTUNITY. CHARITY'S BENEFIT.

"IOLANTHE.”

"A lot of dull MP's in close proximity."

VICTOR RECORDS

for Christmas Gifts

EACH year more and more of our cus

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"You will want to see our list suggest- ing Victor records appropriate as gifts for every member of the family, from baby to grandpa or grandma.

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HORLICK'S MALTED MILK

THE ORIGINAL

[2851

DAILY PRESS, WEDNESDAY, DECEMBER 16TH, 1925

CURRENCY IN YUNNAN.

(FROM "THE CHINESË ECONOMIC BULLETIN."]

Some ten years ago all sorts of coins were circulating in Yunnan, Méxican dollars. Indo-China piastres, Szechwan and Hupeh dollars, and even silver ven and rupees in the district of Tali.

The local tac or silver ingat, of constant and known weight and äneness, had dis appeared a number of years before.

The greater part of the dollars in circu lation were of full Buenoss, 000, but the public aid not differentiate between such So

HONGKONG STOCK EXCHANGE.

CLOSING QUOTATIONS.

Hongkong Back..........

Do London123 nom, Chartered Bank... Mercantile Bant, A. & S..

Do.

Dacia 13ru, 1925.

....$1,075 33.

P.&O. Bank. Fast Asia Bank. Canton Insurance.

Underwriters

China

North Chua Insurseca..

Union Izarnave

Yangtze Lustrance

dollars and coins of lesser fineness. there was a brisk demand for coin. Yun man dollars also existed, weighing about China Fire Insurance 20 grams. 784 to 883 Anë, and half

C

.com.

num. £19) nom.

A nom

5600 nom.

54*b29.

1-40 nora. $2019 buy. 315 Lay-

$160 nom.

dollars the fineness of which varied from kong Fire inunrance 3600 BO..

950 to 881.

The following two points had to be borne in mind in appreciating the mone- tary conditions in Yunnan province in those days.

(u) Owing to balance the province normally imported the favourable trade Silver either a coins (as was chiefly the rase until 1913) or in ingots destined to the Yunnanfu inint. This is being done to-day.

(b) On account of the difficulties and expenses entailed by the replenishment of the metal supply of the province, the requirements of the opium trade, the

sel.

aom,

HER

C. A. Steamboats Hongkong Tags

Sth now. Indo-Chinas (ret.)... nom.

Do. (Lef.), London...$65 sel.

Hongsong

Do.

Waterboats............ Shellsports.. Star Ferries........... Oriental Navigations China

Malabon Bugars.

dine Sugars......

Kailan lining Ad. Benguets... Langkats (combined)

(single) Explorations.

absorption of Yunnan silver by the neigh. LOADS

bouring provinces, and finally by the fact Ranbe that the balance of trade was generally

Trench Mines.

in favour of Yunnan, money was often Ural Caspiana quoted at a premium in respect to ether H&R Wharts. currencies such as the Hongkong dollar B., & W. Docks and the Indo-China piastre.

Hongkows In spite of the distrust of the people.w

New Engineerings. such conditions were essentially favour. Shanghai Dooks. able to the issue of banknotes, and should have facilitated monetary reform. But although Yunnan now possesses well equipped Mint and a Bank of Issue,

H.K.&S.

Hotela (old) Lands

Realtys (c.p.). Territorials (fp.).

Estates...

the Fution Bank, which means literalle Hump Raildings...

tion.

Prince's

365 ral

.97%. bug. .....361 rom. ...$15 buy.

*$250

.. nom.

.....349 zöm.

.32 20m.

45/. nom. IL. SH buy. – This is bay.

Tis. 5.45 nom. Tls. 8

35.90 r. div. s

om.

5l

nom.

Bum.

.$130 BOM.

$50 buy-

Ta. 165 buy.

ls. 7 buy.

Tis. 114 buy. 5) bay. ..$88; com.

$ com.

Sugbuy. $14 buy. ..$150 nom..

$7 acl.

APTAIN BLOOD

RAFAEL SABATINI

TO-DAY, Till SATURDAY at 2:30, -5.15, 7.15 & 9.30 p.m. AT INCREASED PRICES.

QUEEN'S

INVESTMENTS.

100/500 Cements 400 M'ka. Pindas Providents 300/500 Timahs

400/500 L. Crawfords 200/450 Pajam

Steamboats Un'writers. 100/300 Peak Trams 100′′ Unions 100/200 Dairy Farms 100/130 Lands 200 Amusements 100

.Th. 101 sch 71s.

nom.

Basel.

(new)..

Tg. 31 sel.

$101 buy.

$15) boy, 15.30 in. ..3124

WE BUY 100/200 Electrice 110 100/1,000 Territorials, 60 50 Bk. Banks 50/100 Hotels

.500 100/200

Sogam 100/500 70 Amusements 100/400

Canton Ins. 5,10 „60/200- Chinn-Lights

WC. SELL

Lands Docks

Wharves

100 Powells 3.000 Jerams 100

Ewos

Orientale

Punggors

Montrics

Hong. Trama

SMALL INVESTORS,

10, Des Valur Road,

(128

.$74 now.

the bank for the enrichment of Yun-Bural Lands. nan, no headway has been made in this Ewa Cottons... direction. Both institutions, incidentally, Orientals......... are but departments of the administra- Shanghai Cotions (old)

Do. Amuraments Canton Icas Cementa (combined)

Do. (old) Do. (new) China Buses...... Chins Lights (combined)

(old) (new).. ..$107 buy.

The recent monetary history of Yunnan has been chequered. In 1919-1920 the provincial Government "suddenly discon tinued the importation of silver and, for the Brst time probably in the history of China, turned to gold, the price of which had greatly altered in terms of silver. Gold coins of 85 and $10 were coined to an amount of about $9,300,000 on the

Do. $

Do.

Som,

53 Bam.

.Tle.

6. 10. buy," $20 sel

$15h nom.

basis, at Erst, of the ratio existing at the China Providents (comb.)...$325 nom.

time between the two metals (16/7). This ratio was subsequently modified and both the Eneness and weight of the Yunnan gold coins were reduced. Not a single gold chin is to be found in Yunnan to- day.

i

M

Do.

Dairy Farms. Constractions Der A Wing (f.p.) Hongkong Electrics Macao Electrics" DEBASEMENT OF THE COINAGE, H.K. Developmenta

H.K. Ropes (combined)..... Subsequentis, in 1920, the local autho-

Do. (oid) rities again turned to silver but from that Do. (new) time the coinage of fall weight dollars Hongkong Tramways was discontinued, and half dollars were Lane Crawfords... coined in their stead, the fineness of Mackintosha. which was finally reduced as low as 156 Peak Trams (old)

Such debasement

Do.. of

or thereabouts.

LOUS

(old)

......al. (new).... 39 sel

*.31.90 bry. Sith nom.

$10 mom.

buy 53] 4 ca

$10 com.

310 sel. $13 nom. .55) nom,

3. buy.

334 nom.

8121

8214

nom.

815 bay. 58 nom.

311 sol.

35 sel.

$20 nom-

315 sel

$10.

.....813 Bel,

coins can hardly go any further unless Sinceres (new) (o.p.).... force is used to keep them in circulation. Taxis

The results are that coins from other United Asbestos provinces have all disappeared, the local Watsons (old) dollar has become the only circulating Do." (new) medium, and the banknotes which it purm. Powells. ports to represent have suffered a similar baybayers; sel-seliers; asaleg ; ' depreciation.

In regard to the note issue, it seems that the original capital of the issuing bank, which amounted to taels 800,000, has long ago disappeared in the political turmoil which has disturbed Yurinan, në also has the Tls. 400,000 received from the public treasury. This fact, however, has not by any means slackened the issue of notes (in denominations of $100, 850, $10, 80 and 8), repayable in practice in dollar or half dollar coins at the option of the bank.

The close connection of the Fatien Bank with the provincial authorities and

nom-nominal.

WEDDINGS.

FOSTER-TURNER-RADLEY.

The wedding of Mr. F. W. Foster- Turner, A.M.L.B.A., of Hongkong to Mivs Rosina Lily Radley, of Pilton, near Barn- staple, Devon, took place at St. John's Cathedral on Monday, the Rev. T. B.. Powell being the officiating clergyman..

The bride, who wore a dress of white.

the premium which Yunnan money crepe satin, trimmed with Brussels lace. naturally enjoys help to steady the rates and white heather, and a Brussels veil

AND

TEL. 4630.

ONLY ONE VISIT FRENCH STORE

TO THE

You will be surprised by the Variety and Highest Quality of the New

CHRISTMAS CONFECTIONERY,

MARRONS GLACES EXTRA VANILLES in Tins and by Weight." BONBONS CHOCOLAT LIQUEURS in Fancy Boxes,

DELICIOUS ENGLISH CAKE.

DRAGEES-Amandes Imperiales Surfiner. Bonbons Liqueur. Bonbons Nougat,

Pralines Extra. Cammels Hour, Gomme Assorties.

CHOCOLAT:-Bouchees Nougat Extra. Bontons Chocolat. Beuchees Monte-

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Tangos Creme Menthe. Hachettes Nougat Extra. Sarindaise. Cerisen“ du Lys-Nongotine de Nevers Extre NOUGAL EXTRA and A great Assortment of FINE FANCY BOXES, etc., etc

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9, BEACONSFIELD. ARCADE,

THE NAVY'S CHOICE

Coates

ORIGINAL

PLYMOUTH GIN

OBTAINABLE EVERYWHERE.

LOCAL SPORT.

TO-DAY'S FOOTBALL

In the Hongkong League Division. I.

UNITED SERVICES COMPETITION, Smyth

Owing to the uncertainty of the move." ments of the China Squadron, it has been decided to play for the United Services trophies by the knock-out systèm

Results to date:

of the paper notes, as is proved by the and orange blossom, wreath, and carried Hongkong Police play the R.A. on Kow. fact that the depreciation of the notes in terms of metal has been slow. But the bouquet of white roses and chrysan loon ground at 4.15 pm. Referee: Mr. resorve behind the note issues (variously Hamer, and attended by Miss Gladys themums, was given away by Mr. S. estimated at anything between $12,000,000 Brock na bridesmaid, the latter wearing and "825,000,000) is practically non- existent.

a dress of pale pink crêpe de chine trim- From 1921 to 1024 the" Yunnanfu Miat med with silk lace and hat to match coined some $300,000 per month, orr. S. Feltham was best man. 830,000,000 per year, but these sums were •At the conclusion of the service a guard almost immediately absorbed by the of honour was formed by members of opium dealers, opium being paid for in the Engineer Company, Hongkong Volun- coin, payments to the troops and pay.teer Defence Corps in which Compahy the ments made from time to time to remedy bridegroom is Wireless and Signals the depreciation of the notes and to res- Officer, tore,

to a certain extent, the confidence A reception followed at the residence of the public.

of Mr. and Mrs. S. Hamer, No. 10, Ventris Road,

Now, debased currency is given in partial refund of note holdings, although in February, 1921, an undertaking was proclaimed that notes issued in recent years by the Fation Bank enjoy the full guarantee of the local Government and will be repaid at their nominal value, without any discount whatsoever,”

DEPRECIATION OF NOTES:

WALL-MCGREGOR.

Another wedding at St. John's Cathe dral was that of Dr. Austin Darley Wall, of Shanghai, to Miss Margaret Alice McGregor, who arrived in the Colony by the s.s. Antenog. Dr. C. H. Brangwin. The depreciation of the notes, which in part medical officer of Swatow, gave the spite of their entirely fictitious valug, has | bride `away and Surgeon-Licut. Comdr. been markedly slow, has been as follows: Brown, H.M.S.. Hawkins, was the "brat

Faper currency man."

1919 January Лиле...... December,

120.

June. Dercaber

1021.

June December

--1022"

June "December

1003.

June, December

1024. June December

1024.

for H.K. $100. Yunnan $53

107

301

103

137

127

"

124

1263

The total output of the Kalian Mining Administration's mines for the week ending November 28th amounted.tu 80,189 tons and the sales to 55,791 tons.

The slow rate of depreciation of the notes is all the more remarkable when it is borne in mind that, the debased coins at. 600 and 500, which they purpart-

1311ed to represent, were sprung suddenly

145

153

155

170

178

104

April

200

(Continued on next colum.)

January

February

March

SEN1015.

First Round, Huukine 2: Submarines, 0. East Surreys, 5; Ambroir, 0. Titayin, A: Carlisle, 0. Barban scratched to B-A...

Sceoud Bound.. Surreys: Hawkins, 0. Thani, 3; R.A 1

The re-play, Titania e. R.A. will take place on Monday, 21st,

"JUNIORS. First Round.

104"

ROYAL HONGIÒNG GOLF CLUB.

ADAMSON CUR.

In the 6th Qualifying Competition C. A. Grimes, 111-24-87, qualifies.

The last Qualifying Competition will be held on Sunday, December 27th..

BOXING.

CARTLIDGE AND MORRIS TU MEET.

A $1,000 PURSE.

[BY CLEOFYDD.]

C.P.O. Jim Cartlidge, the lightweight champion of the Colony, and Stoker Morris, H.M.8. Hirmes, will clasti in a fifteen 2-minute round contest at catch- weight at the Theatre Royal on December

ard.

Articles were signed by the two men on Monday night. The H.K.B.A. have doubled the original figare. The winger is to get $850 and the loser $450. There is Blurbell, Hawkins and Staff and Depts also a side stake of $100. byes.

Iroquoia, 9; Carlisle II, 1. "Surreys L., 4; Tamar, 1.

R.A. I, Titania II., 6. Durban 11, 2: Eubmarineя 11., 0. Fraplow, 3: Peteenfield, 0.

Second Round. Harkins II, 21, Bluebell, 0, Staff and Depts., 6; Fazylove, 1. Buchan 1 Scratched to. H.A. ÍI. Surreys . and Iroquois play on Fris dny, 18th.

Finala in beth divisions at Sookunpoń on 23rd. Kick-off, 2 p.m. and 343 p.m.

INTERPORT RUGBY, ・

DATES FIXED FOR MATCHES AT SHANGHAL

The following date have been Ezed) upon the public: The explanation is to tentatively for the triangular interport be found in the fairly high internal pur-rugby matches in Shanghai. The parti chasing power which the local currency cipants are Shanghai, Koi University has been able to preserve. Local cus-(Japan) and Hongkong, and the fixtures tom bas, in some instances, contributed

to uphold this purchasing power and it is noteworthy that with the Kochip miners the paper notes remain popular, actual

coin being accepted with great reluct Lance, if at aILAT

Bre

Saturday, December 26th.---Shanghai v.

Keio University,

Monday, December 28th.-9langhai v.

Hongkong.

(Continued at foot of nezi Column.)

The Association have also changed the date from that of December 24th" to the 23rd. This will please everybody.

The contest will "undoubtedly be well worth seeing, and although the Associa tion are charging 87 for ring-side seats, there will assuredly be a good house.

There are also five other contests, Nnegalia, the French fyweight, and Drummer. Bowles, the Featherweight Champion of the Colony, have begu matched. and A.B. Gardner, of the | Herine, and Harry Major. The tourna

ment will be one of the Bnest ever staged in the Colony.

"SEA BIRDS."

ST. ANDREW'S ». ST. GEORGE'S.

The annual yacht races between St. Andrew's Society and St. George's Bu icly will take place at the Royal Hong- kong Yacht Club on Sunday,

Tin will be served in the Club, and in the afternoon there may also be a bowla match.

Wednesday, December 30th-Kẹoi Uni

vorcity v. Hongkong,