1934-01-16 — Page 11

KWANGTUNG MONE- TARY SITUATION

Fluctuations Between Hong- kong Notes and Sub-Coin

HONG KONG DAILY PRESS, TUESDAY, JANUARY 16, 1934.

BUDDHISM IN CHINA

Lecture by Dr. Reichelt

"The Present Situation of Bud- dhian in China" was the subject

of an interesting lecture delivet by Dr K. L. Reichelt at St. John's Cathedral Hall last night.

The Rev. Dean Swann presided and there was a large gathering present including His Honour Mr. Wood, and Mra Justice J. R. Wood, Rev. E A Powell Rey,

Allan, Mr. J. Barrow, Mr. B. Paul and Mr. T.. A. King.

SERVICE NEWS ROYAL NAVY

Fleets at Christmas

THE ARMY Shanghai Volunteer Corps

(Special Air Mail Service)

(Special Air Mail Service) Lieutenant-Colonel

London, December 27, According to published pro- grammes, only one of the larger ships of the Navy should be on a long sen passage on Christmas Day, HMS. Exeter, Commodore A & Evans, O.BE," which is on her way from St. Vincent, Cape The Verde, to South America. other ship of the South American A year ago the Argentine waters. Division. HMS. Dauntless, is in at division spent Christmas Buenos Aires, and in 1931 it was at the Falklands.

in 1934.

NORD

41 414 LLOYD

E EN

-11

HAMBURG-AMERIKA LINIE · NORDDEUTSCHER LLOYD

KAMERIKO

Far Eastern Mail Passenger and Freight Service

Through Bookings to America via Europe and Europe via America, Bookings around the world. --- Through Bookings to London.

OUTWARD SAILINGS

Yokohama, Nagoya for Shanghai,, Dairen, Tsingtan,

Yokobna, Kobe

London, December 27. The War Once announces that F.. R. W. Graham, D.S.O., M.C.; The Royal Ulster Rifles. has been appointed, Commandant of the Shanghai Colonel N. W. B. B. Thoms, DS.O.," + (HA) my." DUISBURG "...for Shanghai, Dairen, Kobe, Volunteer Corps, in succession to

| •(NDL) `mir.“ TRAVE" M.C., with effect from a date early Graham Lieutenant - Colonel londs his battalion at Port Sald* (HAL) ms.“ RHEINLAND" to-day on transfer from Palestine, and will leave it nine months' short of his full tenure, which (NDL) 5.8. "TRIER for Shai, Taku Bar Daires, will expedite promotion. He has beer in the regiment since 1905, and in France commanded the 8th Battalion. RIR., 6th Bat- talion, The Leinster Regiment, and 10th London Regiment. He†(HAL) m... " KULMERLAND” has had employment with the WAFF. and commanded

19th Jao,

36th Jan for Shai, Yokohama, Kobe,

Osaka, Dairen, Tsingtau ...8th Feb;

Tringtau, Yokohama and Kobe

1066 Feb

+(HAL) ss." SAUERLNAD" for Sbai, Taku, Dairen, Kobe,

Osaka, Y'hama and Nagoya...16th Feb. HOMEWARD SAILINGS

Accord- Hongkong January 15. has gone down to 30%. Usually, the monetary situation ing to banking circles, this pheno- of: (1) the of Kwangtung Province is subject menon is because to the rise and fall of the Hong-merchants being in need of much other words, coins for the lunar new year set- kong currency. 'the Kwangtung monetary situa- tlement; (2) those who are hold- are selling tion, has a close relation with the ing Hongkong notes. exchange rate between both Can-out; (3) less Hongkong notes are notes required consequent upon the re- ton coins and Hongkong

duced. quantity of imported for- This may be attributed to the fact that there are large exchange eign rice after the new tax; (4)

The lecturer said that Buddhism, no foreign arms have been bought transactions in the two currencies

of late; (5) less cargo comes at least in its outward form in due to Hongkong, being a centre

through Hongkong and some coins China had declined, as evidenced for most of the exports and im-

Another are said to have been melt for by the neglect of the temples, and the irrelevant way in which it was ports of this province.

exportation. reason is that Hongkong currency

medium The big difference in the make-treated by the ruling classes. The is always taken as the

serious problem depression had also begun to have up is indeed a And In regard to remittances to

countries and to Kwangtung economies. This Its effect, this inevitably bringing

QUI

more into evidence the business from other

province will have to soulder a own coast ports.

have de in the practice of the religion."

To a close observer, however, it persed, as is customary, to its

(NDL) me." SÅÅLE” and the Mediterranean In last year, the make-up be- heavier burden, as it must

Canton something from the outside world

would appear that as a religion ports; Hongkong

and On the sur- and as a force in connection with Fleet is at Malta. One of the Red currencies rose up to 50% which because of its limited

inner aspects China's Sca sloops, the Penzance, is there,

of rate ruled the market for several developed resources.

spiritual life it manifested such too, but the Hastings,will pro- recoril face it seems that the rise in the the became B months and

divided, Agure. The reaschs for this are: value of Hongkong notes is good vitality and influenced so many of tably be at Aden The East In- the for this province, but after" a

and Enterprise being study of the whole situation from China's best people that it should ales Squadron is

economic be recognised as one of the most Hawkins and both monetary

Colombo is in the Persian Gul points of view, the following con-markable signs of the present due to-day at Calcutta, while the at Basra, working with the sloopa siderations are of importance:- (1) Speculations has been the

Shoreham, Bideford, and Fowey. cause of bankruptcy

The Lapin, of this division is re- fitting at Bombay, where also are the monitor Terror and trawler

tween

and

ac

(1) That a very big amount of Hongkong notes is needed

on for this province count of the recent enorm

ous excess in imports:

much

(2) That

-un-

time.

THE LAY ELEMENT.

of many Hongkong notes have been kept due wealthy persons who attempted A change was in the fact that to the depreciated, Canton to maintain Hongkong notes but the lay element was coming to notes and

disappearance of Canton.coins as a result of unsettled political con- ditions;

falled through the fall in either the notes themselves or in stocks of various descriptions.

ing purchasing power throughout (3) That there have been tre- the world and Hongkong is not quent purchases of arms an exception. (3) Falling price In addition to the annual of native products which have account importation of rice. How become superfluous on can the price of Hongkong of

local purchas ing notes help but rise?

This is a big. cheaper prices Unexpectedly, the value of sil-problem

risen recently many commodities menris the rise 'ver

coins has

con- agalrist a sudden fall in the value of the value of coins and

the sequently the fall of the Hongkong notes. Since of Hongkong 10th ins, the rate exchange notes.Nam Wa Yat Po.

of

KACHEK ON THE ISLAND OF HAINAN

(Continued from Page 1«,

tor the flurry could be given. Some said it was because soldiers were being taken away, others that the head of the bank in Holhow had been changed and that there had been a run on the bank, others. thought the Fuklen revolt might have a bearing on the matter. Apparently now con- fidence is restored and the peper. circulating again.

do"

19

of

men and

They

Most of the other ships in full commission are at their normal stations. The Home Fleet is dis-

Fastnet, on their way to singa- pore. Most of the China Fleet is at Hong Kong with the sloop Bridgewater and possibly another ship at Wel-hal-wel, the Folke- stone at Nanking, and the Sand- wich cruising in the Philippines. Most of the destroyers and all the submarines are at Hong Kong. The America and West Indies squadron is at its base at Ber- muda, but the three cruisers and two sloops will begin independent cruises Immediately

the

Malay States Volunteer Regiment. He was are tliies› mentioned in France, the Balkans, and Egypt.

ROYAL AIR FORCE

Squadron For Singapore ·

(Special Air Mail Service)

the fore as never before, the centre of gravity in Buddhism now being (2) Fall shifted from the monkhood to the

London, December 27. The laity included millions ialty.

The 41 squadrons of which the women from the of middle and upper classes of Chi-

Home Defence Force has consist- nese society who during recent

ed since 1931 have now been re- duced by one owing to the da- years had organised themselves diminishing

into associations for the study and

patch of No. 100 Squadron from Donibristle, Fife, to Singapore. I, cultivation of Buddhism. power.

as is expected, the forthcoming were to be distinguished from the

Air Estimates provide for four- ordinary crowd occasionally com- ing to the temples to light a few

new squadron, one of these will be to replace No. 100 Squadron, incense sticks, send off fire crackers

The

of No. personnel and bow and prostrate themselves

On the Africa Station, while the In a hurried and mechanical way

flagship Dorsetshire and sloops Squadron is taking passage out in- In order to bargain with the gods. Danodil and' "Milford are At the s.s. Ranpura, but the aircraft and equipment are being sent A strong desire

noticed Simonstown, the Weston is WBS amongst the laity referred to for Durban. and the Rochester will separately. In 1930 this squadron

Bicester moved from WSS

to St. at Christmas Day contact with holy, learned and spend consecrated masters, leaders, who Helena, leaving on Boxing Day Denibristle to take the place of expound the for Bathurst. The Australian No. 38 Squadron, which it is now might be able to mysteries and the eternal truths Fleet is at Sydney, but the New to join at Singapore. No. 100 is commanded by Squadron Leader contained in the classical setrar Zealand Division is divided, and

embodied now

living cruikers at Auckland, the Labur- . le B. Croke, who joined it personalities who had "broken- num at Timaru, and the Veronica three years ago after a course" in

into the higher elimina at Dunedin.

CANTON NEWS

TELEPHONE BETWEEN KWANG- TUNG AND HUNAN

$1.00 Per, Message

(1) An announced by the Tele- Shinchow, long graph Office at

that distance telephone between city and Chunchow, in Hunun Pro- vince has been in operation since The fee for each the 12th Inst. message is $1.00.

of

through tion.

In

afterwards.

at

the

MORE RECRUITING Some misconception appears to REVIVAL MOVEMENT.

have arisen #Yom the speech The lecturer went on to speak which the Second Sea Lord; Vice- of the revival movement amongst Admiral Sir Dudley Pound, made the Buddhist lay people who, in or board the training ship Mer- their efforts towards uplift, were cury on Saturday, in which ne assisted by sudden prominent

said that during the next four monks, who were themselves .re-

or five years we shall be recruit- formers. He also described his travels last year through a number something like 8,000 men a year." There is no need for what of provinces, from South China

has beer. termed a "recruiting and up along the Yangtze Valley drive" to fill, whatever vacancies to Eastern Tibet, this ending up

there may be, as there are always thian candidates at the most interesting academy

many which was a sort of Buddhist Mis-

vacancies, and while the intake will be larger, there will be still sign station called Miltyuen.

keen competition among those desiring to enter.

He also gave his impressions of a Buddhist revival held last year in the Wuhan centre which was characterised by all the fervour at earnestness of a Christlar meet-ä

CANTON HOME-MADE It is rather noticeable just now

GOODS WEEK that the yellow and white "Vunsio silk made in Hainan is on sale in Kachek market. Good quality

Exhibition to be Held silk is sold at $7 to $7.20 a

the (2)

auspices of Under It is, of or ten Chinese feet.

Com- course, very narrow, being made on Canton City Chamber home looma.

bolt contains merce, the campaign for promoting about forty Chinese feet. The silk the use of home-made goods will is not on sale in the stores but is commerce as from Feb. 22. Mer- handled by the small traders who chants of more than 80 lines have lay out their wares in front pledged support to the drive. Pre- of the big shops oh marketparations are under foot to hold an days. Usually the finer quality exhibit for fair on the new re- silk cannot be bought In clamation near the Former Dutch | Ing. Kachek, nor even in Holhow, Folly island. The fair ground is being exported to the south seas. to cover an area of When one of the traders was asked with a number of display how he happened to have such and amusement places. good silk for local sale "he said that no silk was being shipped to Singapore in quantity any more as there was no sale for it there now no money to buy it-and only a few bolts were taken down now and then by some one going in person. Another place where the depression in the south is re- acting on trade and industry in

Hainan.

These same traders often handle the silk mats used for packing in coffins, where familles can afford These mats are to buy them. made by spreading a plece of

.,

SUSPENSION OF MATCH FACTORIES

Over

Over 20,000 Workers Stop (3) As a sequel of accumulated stock caused by heavy local tax match and keen competition, 16

20,000 factories employing workers suspended manufacturing from the 12th instant. It may

recalled be

match that the factory owners have repeatedly Increased consolidated tax.

more

Nor does the recruiting of 8,000 a year mean an addition of such number to the strength of the personnel Each year sees a con-

100

»

for Genos, Marseilles, Blona,

Rotterdam, Bamburg...... 19th Jan' for Genoa, Miles Amsterdam,

R'dam, Hamburg, Bremen...25th Jan. †(HAL) m.a. "RAMSE¬"......for Gance, Rotterdam, Hamburg

que me too. 7th Feb. †(HAL) ax. “DUISBURG"...for Genoa, Marseilles, Rotterdam, !!!

Hamburg

A17th Feb.

+ Passenger Vessel Limited Passenger Accommodation. N.D.L. HONGKONG/SOUTH SEA ISLAND SERVICE.

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torpedo dites: The squadron BOSTON, PHILADELPHIA & BALTIMORE.

recently been re-equipped with Vickers Vildebeeste. torpedo bombers of the other squadrons at Singapore, No. 36 has Hawker Horsley torpedo bombers, and No. 205, 15 a, flying-boat squadron with Supermarine Southamptons.

cade, when all entry has been stopped for months at a time because the numbers borne were up to those approved by Parlia ment. When he spoke in March last, the First Lärd stated that the then at the numbers were lowest point of the curve.to which Vote A had fallen since 1895. since 1914, whereas the personnel of the United States Navy has in- creased by 60 per cent... and that or Japan by 74 per cent, British raval personnel has decreased by 35 per cent.

siderable wastage from time- ENGINEER STAFF CHANGE 1.000 ching CHRISTIANITY AND BUDDHISM. expired men leaving the Service,

ba stalls

the years Immediately Engineer Commander Speaking of the coritact point and

who has recently returned and between Christianity Bud-ahead that wastage will be pro- Bray

high among men from duty as engineer officer of dhism in China, Dr. Richelt sald Portionately it was obvious that Christianity who entered during or in the the cruiser Cornwall in China, through its followers in China and period immediately following the has been appointed assistant to War. An increase in new entries the Engineer Rear-Admiral at the through its external apparatus, its

was foreshadowed by the Firat Nore, in succession to Engineer. The religious power was acting as a

became ·ELJI. en- most effective zest and stimulus Lord when speaking on the Navy Commander J. T. Webber. among the Buddhists. It stirred, Estimates on March 16 last. He former officer stimulated and brought, the people then said that "in these Estimates Emeer sub-leutenant in 1909, and ber of boys that our training cruiser Hyacinth flagship on the to do reseach work; and it also we are entering the largest num- during the War served in the helped them to find the zeal and hidden values in their own religious establishments can hold: 2,500 Africa Station, and the destroyer boys as against an average of Maenad Since the War he has. about 1,300 in the last four years, been torpedo" engineer oficer in There is systems.

Concluding, he said:

charge of the depots at Gibraltar In addition to them, "we" are en,

and Chatham, and in 1925-23 was one very encouraging thing to be tering 900 short-service seamen.

as. against an average of about engineer, omcer of the craiser" Comus in the Atlantic Fleet d added; and that is the increasing matting on the ground and putting requested for the removal of the number of higher class Buddhists, 100 in the last four years."

who interestingly and willingly short-service seamen are those The following appointments

APPOINTMENTS have taken up a study of the New

were made by the Admiralty Testament in order to get a truer required to sign for 12 years, of impression of Jesus Christ. They which only seven are with the

Beckett: Comdr.-W.ANË, T. may have begun this from a Fleet and the remainder in the yesterday:--

Royal Fleet Reserve. simply critical point of view. But

It may be inferred from the MVO DS.G.. to Winchester, in

command (January 5). 2 they have had the experience

Lient-Comdrs.-H. P. Price, to which so many earnest seekers for Second Sea Lord's remarks that the truth have had through the recruiting for the Navy and agea, as they read and pondered Marines will proceed without in-

C upon this blessed and sacred docu- terruption for the next four or ment; the words spoken by the five years, in contrast to what Lord and their descriptions given has happened during the last de by the disciples become a living

spinning all worms on the mat- ting, forcing them to move around as they spin rather than allowing The re- them to make cocoons. suit is amat" of meshed » slik strands, somewhat- similar to the thin sheets of cotton wadding sometimes sold at home for bad- ding of arments or quilts, and in Hainan are of a yellow colour, as only yellow worms are put at the task.

he

TWO TORPEDO BOATS FOR CANTON.

Built In England

Two new, torpedo boats valued at about a million dollars Chinese A few years ago the proprietor currency, are reported to be leav of the Ek Long lumber shop In ing here for Canton to-day. Each force, Ther got a fan of His Kachek decided to build himself a boat la 55 ft. in length, and 11-it. glory and felt the breath of His new home, and he put up a very in breadth, the speed being 40 spirit and from that moment their nice three-part house about half knots. These boats were ordered whole attitude was changed. a mile from the market proper, by the Canton Naval Command- Although not joining the external but not far from the river and on ing Officer, Gen. Chang Chi-ying Church, they have entered into from England and the cost has the yearly increasing number of Father low ground: He was 'tin- able to occupy the house for been paid out from the reserve unknown and unregistered Obrist's several years because of the dis-fund saved up by the Canton followers.

turbed condition of the country naval headquarters. The boats That we occasionally have ex- This last food came up several arrived here some days ago and perienced among the monks and Another several Cantonese naval officers lay devotees in this connection, as feet in the house, too. merchant, this time from the firm came here to take tharge of the well as that the Tao Fong Shan Zoat Fong, dealers in kerosene, and delivery. Some, spare parts were christian Institute, as during our gasoline, and shippers of betelnut transported in a Canton gunboat travelling and intinerating work. and other local products, is now dispatched here for the purpose...

rewards us a hundredfold for "all building a new home. He too is

the open or sacred persecutions building well outside the market.

and calumnies we must be prepar- but in a much higher location. This tendency of prominent men to escape the town. Also, the ed for in the endeavour to reach to build outside the present limits building of this latest home would the stronghold of Baddhism with of the market is rather interest indicate a feeling of security and the Christian Messages i Ing. One wonders whether they confidence in future peace, which feel that the town will expand is not typical by any means of all that far, or whether they desire merchants in the market.

After some discussion the even- ing closed with a vote of thanks to the speaker.

Flinders December 23); Lochnis, to Walker (January 3). and TM Walton, to Eagle (February 8)

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m