6
NEW ADVERTISE. MENTS.
BANK HOLIDAY.
IN Accordance with. Ordinance No.
5 of 1912, the EXCHANGE BANKS will be CLOSED for the TRANSACTION of PUBLIC BUSI. NESS
THURSDAY, 10 OCTOBER (Anniversary of the Chinese Republic),
WE
Hong Kong, 5th Oct., 1929. [8464
NOTICE.
MEMBERS of the
TCOMPRADORE ASSOCIATION
will hold An "AT HOME" on the CHINESE NATIONAL DAY, THE 10TH INSTANT, From 10 A.M. To 1 P.M., 2ND FLOOR, CHINA BUILDING.
All Friends are Cordially Invited.
[8454
AGRICULTURE & INDUSTRY.
T
to sint
Two Young Cantonese, poseeming Bome Experience in and Knowledge of, Agriculture and Industry respectively being interested also in the Sciences connected with Both, and willing to a "Young Students of a Newly Established KDOCATIONAL RESEARCH INSTITUTY in Work and Research, are Invited To Apply giving Details concerning Age. Career, and Point of View, alno Salary required. in First Tostance, To THE SECRETARY, EDUCATIONAL LABOR- ATORY, HEAD POSTOFFICE Box 83, CANTON CITY.
18407
HONG KONG JOCKEY CLUB.
EXTRA
RACE THE SIXTH
MERTING will be held (Weather Permitting) st HAPPY VALLEY MONDAY 14 OCTOBER, 1929, Commencing at 215 r.x.
The First Bell will be Rung at 1.452.x. The Charge for Admission to the Public. Enclosure will be $1.00 for all Persons including Ladies
Soldiers and Bailar in Uniform Ball Price
Hambers are advised that they must show their Badges to obtain Admission to the Members Enclosure.
Each Member has the right to in troduce 2 Non-members to the Members* Tickets for whom can be Encicaure, obtained from MoRTS. LINSTEAD & DAVIA, at $5.00. Each Up to SATURDAY,
1278 OCTOBER, 1029.
LO
The Charge for admission for Ladies
White Label
EST SCOTCH WHIS OF GREAT AGE.
Dewar & Son
DISTILLERS.
PERT
madspemă ol. SV. 5.
THE HONG KONG DAILY PRESS TUESDAY, OCTOBER 8, 1929.
WEATHER REPORT.
The fundamental basis of ex- change between Hong Kong and Yesterday's weather report, fore. gold standard countries is the gold cast and remarke, izsued by the value of the silver content of the Royal Observatory at 5
dollar. p.m., stated:-
The anticyclone over Chins has increased in intensity, Depressiona remain over the Sea of Japan and Southern Annam. The typhoon is of Manila, moving W. or W.N.W.
Local Forecast:--N.E. winds, fresh, fair to`showery.
If silver rises in value,
then exchange also will tend to rise; if silver falls in price, then ex- changu will follow suit. On July I last, silver was quoted at 24.1-18,
News and Views.
The Colony had a clean bill of health, as regards notilalle disease during the week-end,
During the radio concert to-night
The constables in the Sheffield Police Force, who, it is was stated rescutly, were to have opportunity of learning shorthand, are now to be given lessons in elocution. This is an extension of the policy initiated by Captain P. J. Sillitoe, the Chief Constable, who hopes to make the force the most efficient in
and elocation classes, he has had a trouser-press installed at the head- quarters of the force.
Rain Qauses a Fire,
Rain recently caused a fro in the engine-house of a cold-storage fae- tory at Darlington. After a thun- derstorm the drains were unable to cope with the rush of water, much of which went through the factory floor and rau down into the pit of a huge flywheel, which was ja motion. This caused the leather
and the friction set up was
50
situated more than 600 miles east and the dollar stood at 1/11 3-18 Mr. Li Chor Chi, the well-known the country. Besides the shorthandbelt driving the wheel to jam tight,
About the middle of September local vocalist, will sing "At Dawn silver went down to 23 11-16, and ing" (Cadman) and “I' bear a the dollar to 1/10 15-10. Last week-Thrush at Eve" (Cadman). Mr. Li end silver was quoted at 23. and will be accompanied by Mr. Braga the dollar at 1/94. These figures (violin) and Mr. George Grimble seem to show very clearly the work. (piano). ing of cause and effect; cheaper }· silver, cheaper, dollar. Since 1919
Editorial and Business Offices: 11, Ice House Street. Tel, Central
12.
Night Editor (Wanchai. Office):
Tel. Central 4511 London Office: 1. Bride Lane,
Fleet Street, E.C. 4.
The Daily Press.
W. G. H
A verdict of suicide was returned the silver market has been going at an inquest conducted by Mr. A. down, and dollar exchange has into the death of a Chinese woman Grantham yesterday shown a similar trend. The follow. ing figures provide interesting evidence of this movement:--
1921
SILVER IN LONDON,
Highest Lowest..
27
47.7-16
1900
30%
1014
1010
791
Hoxo KoNO, OCTOBER 8, 1899.
1820
69
387
43%
302
1999
37%
30%
1023
311-16
30
THE DWINDLING DOLLAR.
1924
36. 1-18
31)
1925
33.7-16
1920
1927
1000
31.1-18. 31..13-16 241 28
વ HONG KONG EXCHANGE
Highest. Lowest.
1/11
1914
1/t13
1/8
1910-
5/2
3/04
1020
6/2
9/11
1021
3/1
2/23
1802
9/71/2/9)
1023
2/4
2/2
1924
2/54
2/3
1923
2/51
2/2
1998 1927
2/4)
៖ វ ឆន្ត ·
2/01
1/11
FROM a reader in Manila comes a letter dated October 4 asking whether the Hong Kong dollar has slid down to what can be con- sidered "more or less normal for the next few years!!! Scarcely had this letter left the Philippines when the dollar commenced to "alide" again, and our correspondent, all unknowingly, has put a question. PRIZE which is being very widely asked in
AWARDED 50
GOLD ® &
MEDALS.
IT
NEVER VARIES!
BOLE. AGENTS :-
the Members' Enclosure will be 82.00 A. S. WATSON
Each Member can obtain, upon Ap-
plication to the SECRETARY, Badges for Admission of 2 Ladies Free of Charge. Bookmakers, Tie Tac Men, etc., will not be permitted to operate with, in the Frecincts of the HONG KONG JOCKET CLUB during Race Meeting.
NO CHILDREN ALLOWED IN EITHER ENCLOSURE OF ANY PRETEXT.
[8480
KELLETT HOUSE, PEAK.
NO LET-FLAT, No. 1, Fenr Rooms, Flash System, Separate Kitchen, Servants' Quarters All Mosera Conveniences. Moderate Reut, -Apply DEACONS, PAINCY'S BUILDING.
[8461
"PEAK MANSIONS."
CITUATED within Two Miuates"
this se overlooking the Sorthern Side of the Island. Ready for Occupation.
"Five-Roomed and Six-Roomed...... APARTMENTS
with all Modern Conveniences, Drying koema and Out-houses, Two Lifts.
ALSO
PRIVATE GARAGES
TO LET.
Situate at the Rent of
PEAK MANSIONS
Separate Compartments including
Light and Water.
Apply to
CREDIT FONCIER D'EXTREME-ORIENT,
4TH FLOOR, FANCH BANK BUILDING.
4
COMPREHENSIVE AND COM
PLETE REPORT
of the
NEWS OF THE FAR EAST
is given in the"
“HONG KONG
WEEKLY.
PRESS,"
with which is incorporated "THE CHINA OVERLAND TRADE REPORT."
20 Cents per Cayy Subscription, paid in advanne- per annum for delivery in Hong Kong-813; including Postage to any part of the world—#15.
& CO., LTD. WINE AND SPIRIT MEROBANTS. PHONE C. 616.
[50
1929 Edition
OF THE
DIRECTORY
AND
at No. 90, Kennedy Road, ground floor. The woman was found dead on September 19 with several cuts on her throat. The medical opinion was that it was a case of suicide and that some sharp instrument
had been used.
or
Following the receipt of informa- tion from the Bank of England that a quantity of forged £1 British notes were to be put on the Italian market, the Turîn police searched a villa near the town. Notes to the value of £6,100 were discovered as well as blocks for printing, which are believed to have come from Marseilles. It is not known bow many forged notes had been put into circulation. The police ar rested six persons in connection
with the discovery,
great that sparks flew off on to the surrounding woodwork and set it on fire. The firemen had to use gas-maska on account of clouds of ainmonis fames that escaped from the ice-making plant.
A Wonderful Flight.
Following_the_great fent of the Graf Zeppelin in making a trip round the world comes another French astonishing performance. airmen have made a non-stop flight of 9,610 kilometres (roughly 8,000 miles) breaking all records for such performances. No less interesting is the fact that Costes hay for the first time established direct com munication by air between the re- public of France and
China Steadily distance is being a- nihilated: wireless serids not only Overscas Chinese entering
news but"pictures across the world': and Many forms of employment are airplanes bring Occident leaving China must register them- selves with the local district govern provided for the disabled men at Orient in direct touch by a single Hight. Non-stop trip from Paris ments "so as to ensure them proper
the Star and Carter Home, Rich to Peping are not likely to be very protection," according to an ordermond, and at the branch home at popular with passengers, but for transporting mails and light but received by the Shanghai District Saadgate. The annual report of valuable freight the airplane i Magistrate from the Kiangsu Pro- the Home for 1925, states that cer-constantly establishing new proofs vincial Government. One wonders taia handicrafts, including needle what sort of protection is necessary,
work and embroidery, basket-work, unless they go to Russin, which they chair-caning, boot-repairing, rug probably couldn't enter..
making and feather-work, are car- ried on both at Richmond and Sandgate. At Richmond a number of the men are engaged in-leather-
According to the Chinese Press, Mr. Hau Shih Ying, chairman of the National Famine Relief Comework: one is an expert weaver and
gineer net! as official repair of
of the speed and safety of this means of communication. The won- derful flight just made by Costes will go on record among the other amazing achievements, of airmen during the last few years, and France can be proud of the feat he has performed to successfully. The next ren-stop fight should be from England to Japan-only few hundred miles more than has
the Colony. Already we hear of several small Chinese, firms being in serious difficulties, some having actually suspended business. Om October. 6. (Saturday) the dollar the dollar come down. The recent relief bonds by the National Gov-patients who cannot use his arms etter sent to that journal on
mission, has submitted a proposal another a tailor. A skilled en- | been just covered..
The price of silver is not the only be noticed that as the metal has factor to be considered, but it will
become cheaper, so has the value of
the silver market, and if the metal drop again coincides with a full in
a General Chiang Kai. Shek for the pensioner's tricycles and outdoor The Swatow Incident.
issue of $10,000,000 worth of famine
chairs. One
In the N.-C. Daily News of of the Sandgate dropped from 1/10.3-16 to 1/9), and
ernment to alleviate the 30,000,000 paints artistic lampshades, can September 23 from Swaton (repro- Getober 2, just to hand, we find the
yesterday (Monday) was quoted at is quoted still more cheaply, the famine sufferers in north Chipsdlesticks, &e., by means of a brushduced in our columns last week) is. the same figures. Not since 1918 dollar may be expected to fall and for the earmarking of 25,000,000 held betwee. his teeth. At each of published, together with following of silver is the fundamental basis annually for famine relief purposes the two hanes poultry farming is
haa the Hong Kong dollar been so low, though it touched 1/9 in 1926. A suggestion has been hastily put
proportionately. The gold price
for 6xing Eastern exchanges, and although exchange may not react immediately, owing to other minor
with the silver market:
reserves are not uncommon. But
As a result of the arrest of more
comment:-
TH
The letter, we publish today carried on by some of the men. At from the origina! Disgusted of Swatow was hardly unexpected. forward by Chinese merchants that factora also influencing financial in 20 persons, including a number" Sandgain two patients breed and
The general nature of the explana the Government should compel the and trade conditions, it will event of children, at the Chung-hsin-ho train homing pigeons with much tion of the ease given to us à fort local banks to make payment in ually go up or down in 'sympathy Village, Pootung, by members of the success. Both homes possess billiard night ago was almost bound to pro silver dollars instead of paper cur-
voke an answer. But we think that- 'Disgusted The other question that of the Nanhui Department of Publicades; given by friends. A number
has overlooked one rency. The idea is that if this disparity between notes and silver Safety, who conducted a house to
of the patients, in spite of their important point. Our information were done for a fixed, period- dollars is much more puzzling. Chouse search for
disabilities, are good players. Chess
was that after a long argument at Commanities suffering from a de-noxious drugs, the merchants, there the "disposal of the men.
opinm Lad minimum of six months is, pro-
the police station, the Consul naked and many other games are also at the owner of the dogs whether be prociated paper 'currency-incon posed-the silver dollar would vertible paper or notes issued far have declared a general strike and Camera Club as Richmend, has there and then or to have it taken The preferred to have the matter settled again become legal currency, and beyond the amount of metallic petitioned the Kiangsu Provincial many members among both the up by the Consular Court. its value would be based directly Hong Kong "suffers
Our from the Government for the punishment of patients and the staff.
report goes on: The argument upon the price of silver. At pre- strange disease of having an appre- the officer in charge of the district
was renewed and, when the owner sent the paper dollar stands at ciated paper currency, standing at police.
Guide for Atlantic Airmen.
of the dogs noted that it was not. about 16 per cent. above silver about sixteen per cent. above par.
The French Air Ministry has that he took it out of the hands veering in his favour, we are told Why should a torn and very greasy parity, and the Chinese merchants piece of paper be so much more
Fearing a rice crisis, General signed to assist aerial navigation in a hot debate with the Chief of decided to erect a lighthouse de- of the Consul and himself, engaged urge that the Government obtain acceptable than a bright and clean Chang Chun, Mayor of Greater upon the summit of the hill of Police.
If this is correct, and. the advice of an independent silver dollart In the first place, Shanghai, has, ordered the rice Locronan, in the Department of
the Chinese know there is ample merchants to bring 100,000 piculs of towards the realization of a pre-have been nothing to do but get Disgusted' does not appear to currency expert with a view to security behind the notes; secondly,
Finistère. This is the first stop question it there would seem to finding the best method of keeping they have much more confidence in the cereal to Shanghai without de-gramme drawn up by M. Danielou, the hest, terma thas might be, on the the note issue on a par with silver & British banknote than in an lay to meet the local community's one of the local Deputies, to equip spot. The sacrifice of the extra-
"unchopped dollar (and even overwhelming demands. As soon
the Department of Finistère as a territorial principle can scarcely CHRONICLE dollars, and the latter on a par chopped" collars depreciate very
base for Transatlantic aerial aavi- be imputed in auch circumstances with silver. Pending the discovery rapidly as a result of this rough as he receives 'assurance that the gation. The origin of the schema either to Consul, Legation or For of such solution, the banks should treatment); thirdly, paper currency prices will no longer exceed 816, la to be found in the declaration eign Office: In mying this we are. is much more convenient to handle the Mayor will permit the mer luncheon given in his honour at Foreign Office policy, which bas pay out no more notes, passing than heavy silver coins.
made by Colonel Lindbergh at a in no sense defending the weakness. over their counters nothing but may be other reasons, but thear chants to tranship rice to other the Ministry of Foreign Affairs in lake the heart out of Consuls in appear to be the chief factors ex places. General Chang Has promis. May, 1827. Colonel Lindbergh then China, winked at many acts of silver.
There is a
plaining why paper currency is ed the merchants to raise $100,000 said that the last stage of his flight grave injustice, and encouraged, very considerable amount of mystery surrounding the ment in notes is generally recog-suffer losses through the importa bad he been able to pick up a long that they can commit wrong as they popular in Hong Kong, where pay to compensate them if they should would have been greatly facilitated Petty Chinese officials in tho belief whole subject of Hong Kong cur
nised as the basis for all exchange tion of sudi & quantity of the distance signal from the European please without being called to no rency, and we have good ground for ever, it is a fact--though it is not
and business operations. If, how-graint
ccasts. Commander Byrd's experi count. All such cases are a proper saying that most careful and yet clearly established that this Information has been received tention of the Government to the ences confirmed this view, and M.
subject for strong protesta to Lon- CHINA, JAPAN, COREA, INDO diligent official inquiries have fail- premium on local notes has a very that Mr. Edgar V. Reed, son of necessity of constructing on the ple to be continually passing over Danislou immediately drew the at don, whenever they orgur. It is no CHINA, SIAM, STRAITS
true friendship to the Chinese peo- ed to find a satisfactory explana-industry, then it will not be long General Post Office, has succeeded harmful effect upon local trade and Mr. A. J. Reed, Accountant, SETTLEMENTS, MALAY
tion of the peculiar circumstances before this disability is removed.
coast of Finistère a base for send violations of treaty and acts of STATES, NETHERLANDS
which have come into existence in With silver at 28d. per ounce, the the Institute of the Chartered
in passing the final examination of ing such signals. ·
injustice, into which category the INDIA, BORNEO, "THE
Swatow dog case, whoever is most.. this Colony. Until the cause can dollar would be worth about 1/10 Accountants (England and Wales) British Losses on French Loans. PHILIPPINES, Etc.
to blame for the final dénoûment, at the present market price of held in May this year. He is 24 satis- silver, the dollar is worth approxi- years of age, and was educated at House of Commons last month that somewhat less confident that there undoubtedly comes," The Shang- Mr. Snowden's statement in the hai journal appears now to be This Large Volume of approximate plain fact is that a small piece trembling half a point above that Kong, and at St. George College,portunity of placing before the protest against a British subject The mately 1/0, so that with exchange the Diocesan Boys' School, Hong he would take any favourable op was no ground for the original ly 1,000 Pagsa 'gives, in addition of printed paper, usually very notes and coins is almost in sight. the London Matriculation Exami the British holders of French Wareing denied his treaty righte
figure it seems that parity between Waybridge, England. He passed French Gavernment the claims of
The 67th Annual Issue
OF THE
Directory and Chronicle
OF
HONG KONG,
THE TREATY PONTS OF
to the Usual Lista of Firms.
Alphabetical List of Residents in the Far East containing the
Names of Kaarty
20,000 FOREIGNERS.
Arranged, with the initiala as well tical order so that any same
as Surnames in strict alphabe.
can be found instantaneously.
CLASSIFIED · LIST
IMPORT AND EXPORT
MERCHANTS ·
OF
AND
MANUFACTURERS
IN THE
FAR EAST.
GA
be clearly traced, can factory remedy be found?
W. F. SPALDING,
2 well-known
There
-חינם
The first of two days' acquatic sports was held at the Victoria: Recreation Club's bath yesterday afternoon. There were seven events
antattered in appearance and filthy to It is most improbable that paper nation of January 1924, when only Loans is the utmost the unfortunate handle, is regarded in this Colony arrency will be withdrawn entire about 800 candidates were success holdera could have expected. Their with much more favour than the chants) and only silver accepted as according to the Journal of Educa moral claims are not less strong, if
ly (as suggested by Chinese mer-ful out of a total of nearly 3,000 claims are moral, not legal, but Looking Back 25 Years, silver coin for which the note is legal tender. This would be praction. He is believed to be the first a very convenient aubstitute. Mr.tical so far as single dollars are Hong Kong born youth to have its financial policy, the French called by a member, it was decided At an extraordinary meeting of leas tangible, than legal claims. By the Craigeagower Cricket Cluh, concerned, but the larger notes served his accountancy articles in would certainly have to remain,
Government in effect repudiated that adeohodle drinks be sold at the authority on finance, and banking, though the public might be given England and to obtain his A.Ç.A. about four-fifths of its debt, both bar. It remains to be seen whether has given a brief outline of how the choice of taking paper or coin
In respect of capital and interest, they have done wisely-Hong Kong when they go. to the banks, and it this state of affairs came about. will be interesting to see, what following story at the expense of liability with a payment of about
The Japan Times reproduces the since it discharges each franc of Daily Press, October 8, 1904. More than sixty years ago, over happens after the novelty of hand- Mr. G. Matsuda, Minister for 2d., instead of 100. As the loans Looking Back 40 Years, two million British silver dollarsling pieces of silver has passed. Overeens Affairs, who is, in the eye were issued under official auspices in this country, the British bond- were minted in this Colony, mould Paper money is now in such general of a charater sketcher, an
se throughout the world that we suspecting, saintly person. He holders naturally expect the British ed after the fashion of the popular shall be surprised if it lose its would take almost anything at its Government to recognize its own Mexican dollar, but they failed popularity in this Colony. If, as face valus and on this good-natur moral responsibility to do its on the programme, and a race open to meet with the favour of the is probable, Chinese prejudice ined statesman a wily woman heaped utmost for the unfortunate bond to all vomers for a prize presented.
favour of banknotes reasserts itself, stinging abuse of the Government's holders. By a decision of the In-by the chairman of the club, Mr. Chinese, and were accepted by them and the bright silver dollar is again economy policy, "I know of a "ternational Court of The Hague, T. Jackson, was added.. There was only at a discount of one per coat regarded with unfriendly eyes, man," restaurant proprietress Franch holders of Brazil and Sera fair number of starters in all, or more. Sinec 1872 the Hong what is to prevent a repetition of told the Minister with a significant bian bonds issued in francs before and the competition was close, what has happened during the last wink, who is so stingy that he the War have established their case especially in the diving, The sys Kong and Shanghai Banking Cor few years premium on paper would move his head over a fan to for payment in gold or 10d. francs, tem of judging in events belonging poration has been permitted to money! We leave this problem to keep it cool on a warm day." "I instead of 2d, franca, 60
1
that to this class ocems, however, to be | issue currency notes, and this paper the expert who eventually may be don't quite get you, a-kamisan," France gets the best of both worlds. open to question. Each man have.. together with the notes similarly summoned from England to look interposed the gentleman, blinking The part 24, per frane in discharge three tries, the prize, we under issued by the Chartered Bank and into the problem of Hong Kong his honest eyes. "The iden is, of her own debts, but claims 10d. stand, is given to the one making Mercantile Bank has found much currency and suggest a remedy, for sir," the sly woman explained, he per franc for debts due to her. It the best average, instead of for the favour among the Chinese com the difficulties created. Meanwhile, does so, instead of moving the fen is not disputed that the French single performance. The object of munity. Simultaneously, the de- our answer to the question from a to get breezes, for fear that flap. claims against Brazit and Serbin giving three tries, theoretically, it mand for silver dollars has steadily Manila reader is in the affirmative ping the article should wear out his were sound and in accordance with decreased, and as a result notes the Hong Kong dollar appears possession, & cheap paper and bam the bondholders' rights, but the have come to command a premium to have settled at a figure "mere|boo combination as it is much moral rights of the British bond as compared with the metallic cur- or less normal," and seems likely faster than his head which is u bolders are not less worthy of con- rency they represent.
so to remain.
worthless
sideration.
LARGE EDITION (WITH
Mare & TREATIES)... $12 SMALL EDITION $8
HONGKONG DAILY PRESS, Ltd. 11, Ice House Street,
Hong Long
1
may be premmed, is to throw ac cidents out of the calculation, but under, this system they are made to count against a man-Hong Kong
·Daily Frew, October 8, 1879,
I
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