1902-12-22 — Page 3

MEXICO AND SILVER.

THE FUTURE OF THE WHITE METAL

At the seventy-fifth ordinary general meeting of the Mexican Railway. Company, Ltd., held yesterday at River Plate House, EC, under the presidency of Mr. Marlborough R. Pryor, the Chairman, in moving the adoption of the report and Accounts, said that when he last ad- dressed the shareholders he explained how the unfortunate kelion of the Powers in demand. ing an extortion ue, as he thought he might say, -indemnity-from: Chini, agt demanding it in gold, thereby making it more difficult for China to find the money, had caused such a drop in

silver as hul never before been contemplated,

Not very much had happened with regard to China since the shareholders last met. He had no doubt many of them had carefully watched all the answers iven in Parliament to questions about that indemnity, and had 'read the other scraps of information available on the subject. Some of those answers scened to him to show that, at any rate, in the action taken by our Government, they were not "sinning against the light.” Ma light was there, Anyhow the whole thing only suggested the old woman who killed the go se that laid the golden eggs It was perfectly disgusting. It would have been seen that America, at the request of China, had invited the l'u ers to submit the exchange question to The 'ague Arbitration tribunal, and it had been stated in that morn. ing's papers that Germany consented, subject to the reference being limited to the question of exchange. What the result of that reference might be it was not for him to say, but the re- ference itself would seem to afford a “locus penitentia for the powers, and it might be possible that they would see how very foolish their action hat beca. Fortunately, there was one difference between the go se and China China many times in the last 3,00 ar 4,000 years had undergone crises as acute of even more severe, and her an- limited resources and unlimited population had continued slowly to grow up and bad- enabled her to recover from almost any 'disaster. She would no doubt recover again, and thought her limitless appetite for silver would revive and probably be greater than ever as the developed ; but whether we shall live to see it was another matter, depending very much upun what the Powers did. There was one. comfort in the case of the Transvaal-namely,

that our Government had not fullen into this error. That most unrivalled layer of golden eggs was undoubtedly going to be a source of health if kind and considerate treatment would restore her, and he thought her laying capacity migh hope to become greater than ever.

With regard to other outside influences on silver, it was said that the Government of the Straits Settlement was about to follow the suit of India and take s eps to steady the exchange there. That, of course for the time, would tend to depreciate silver, but he did not know that tey ought to be mucis afraid› of tha', It would not do much harm in the long run, What affected the company more intimately was the question of what Mexico itself would do, and with regard to that, he would refer to what the President said in his Message to Congress two years ago, The President said them was the

the arduous problem for future of silver, and as a definite solution

In

could not yet be conjectu ed, the executive were preserving an expectant attitude. any case, it should be remembered that with, silver nearly half their bligations abroad were transacted, and it would be absurd for the Re-

THE HONGKONG TELEGRAPH, MONDAY, DECEMBER 22, 1902.

Intimations.

whose making requires expensive and com- plicated machinery, it does not pay to exportTHE CHINA & JAPAN TELEPHONE

AND ELECTRIC COMPANY, anything on a large scale to the Far East which

LIMITED. can be imitated by the clever artisans in that part of the world. It is to be hoped that Japan and China will join the International Copyright League and enact broad patent laws.· Ustil· this is done the foreign merchant is defenceless,

EASTERN EXTENSION TELE-

GRAPH CO., LD.'

public by itself to attempt to regulate the total | Japan' and China. With the exception of goods | | production of silver in the world. In order to establish its price. He went on to say that the Mexican Government were very wisely doing their best to stimulate production and exports, because hy stimulating exports the exchange between Mexico and foreign coun tries tended to be improved. That, proceeded the Chairman, was very sound. They could only trust that before long this expect. ant attitude-po doubt 3 wise would give place to definite action, and that this most difficult problem would be solved]. by the Mexican Government. It was under- stood that they were trying to do something in surrounding the matter they must not expect the United States, but in view of the difficulty

one-

indeed, they should fear-hasty action. He did trust, however, that they would see their way to solve the question-the most difficult possible, but than which none was so important for the welfare of the Republic of Mexico. Every good citizen of the Republic and everyone largely interested in her commerce would if right- minded, co-operate with The Government as far as in him lay to bring about a gond solution, and the Government therefore had nothing to fear in bringing such a solution forward. At any rate, the company must themselves remain in an expectant attitude, as the matter did not lie with them. On the whole, as he could not resume the whole situation of silver-and he hand not said a word about silver production- he could only say that there did not seem to be any present hope of a rapid improvement. The price to-day was lower than ever, but there were elements in the case which must lead, he thought, to a recovery later on. In referring, for instance, to the Transvaal, he was not

INVENTORS AND ORIENTAL GOVERNMENTS.

Nothing better i strates the difference between Occidetal and Oriental civilization than the manner in which inventions are regarded by the respective governments,

AND SILVER DEPRECIATION,

The 58th half-yearly general meeting of this House, E.C., Bir J. Wolfe Barry, K.C.B., pre- company was held on 19th ult. at River Plate

siding.

HONGKONG EXCHANGE,

OPEN DAY AND Night,

SUBSCRIPTIONS,

EXCHANGE LINES, $80 Per Annum..

PRIVATE LINES, $100 Per Annum.

NO CHARGE FOR INSTALLATION.

Mails.

NIPPON YUSEN KAISHA.

(THE JAPAN MAIL STEAMSHIP COMPANY:)

3

PROJECTED SAILINGS FROM HONGKONG-SUBJECT TO ALTERATION.

STEAMERS.

ŞADO MARU

The Chairman, in moving the adoption of the report, stated that the gross revenue for the half-year ended June 30th last had amounted to £283,856, showing a decrease on that of the corresponding period of root of £62,000. He regretted to have to apnounce this decrease, but it was to causes entirely beyond the control of the directors of the com- pany. In the June half of 1911, moreover, there was a contribution to revenue of £23,000 from exceptional causes, such as profita on contract ELECTRIC SUPPLIES OF EVERY DES. SANUKI MARU.............

work, &c., and therefore the actual decrease in the traffic receipt amounted in round figures to about £40,000. This decline was mainly owing to the fact that there had been no elasti- city whatever in the Australian traffic, but it was also due tq two other matters which now pressed heavily on the companyOne of these was the serious loss on exchange consequent on the great depreciation in silver. The monetary standard in the Straits Settle-

N.B.-A special charge is made for lines of

more than average length.

CRIPTION IN STOCK.

INCLUDING →

BATTERIES,

"HEMICALS, CH

INSULATORS,

{

ELECTRIC BELLS

LIGHTNING CONDUCTORS. SWITCHES,

TELEPHONES,

FIRE, &c, &c.,

WIRE,

PRICE LISTS ON APPLICATION.

ELECTRIC BELL INSTALLATIONS,

Erected and kept in order.

S. J. G. Parsons...

YAWATA MARU...

A. E. Moses

SHINANO MARU*

W. Thompson

KUMANO MARU

DESTINATIONS.

SAILING DATES.

(MARSEILLES, LONDON & ANT- Saturday, 27th Dec, at

WERP, VIA SINGAPORE, PENANG, COLOMBO and FORT SAID........

HAMA

Daylight.

Noon.

(NAGASAKI, KOBE and YOKO-Ž SATURDAY, 27th Dec,, at- VICTORIA, B.C., and SEATTLE, TUESDAY, 30th Dec, at

U.S.A., VIA SHANGHAI, NAGASAKI,

4 F.M

MOJI, KOBE and YOKOHAMA ...... SYDNEY and MELBOURNE, VIA) THURSDAY, 1st January, at

MANILA, THURSDAY ISLAND," TOWNSVILLE and BRISBANE .......

4F.M

E. W. Haswell........

KOBE and YOKOHAMA W. Townsend BOMBAY MARU............BOMBAY, VIA SINGAPORE and FRIDAY, 2nd Jan, at

COLOMBO.........

FRIDAY, 2nd January, at

Daylight,

Noon.

*Through Passedger Tickets issued for the Principal Cities in the United States, Canada, and Europe. in connection with the GREAT NORTHERN RAILWAY and Atlantic Steamers. Round-the-World Tickets also issued. Between Moji and Kobe, 1st and 2nd Class Through Passengers have the Option of Travelling by the Sanyo Railway,

For further Information as to Freight, Passage, Sailings, &c., apply at the Company's Local Branch Office in Prince's Building, 1st Floor, Chater Road.

A. S. MIHARA,

Hongkong, 15th December, 1903.

COMPAGNIE DES MESSAGERIES MARITIMES.

PAQUEBOTS-POSTE FRANCAIS.

NOTICE.

STEAM FOR ... SAIGON, SINGAPORE, BATAVIA, COLOMBO, BOMBAY, ADEN, EGYPT, MARSEILLES, MEDITERRANEAN AND BLACK SEA PORTS, LONDON, HAVRE, BORDEAUX;

ALSO PORTS OF BRAZIL AND RIVER PLATE.

making a digression; nothing lended so muchments, Hongkong, and certain parts of Chino, to steady the price of silver and raise it as a was the Mexican dollar, which a year or two largely increased production of gold.

ago was worth over 25., whereas it was now worth only about ts. 7id. Up to now the PATENT RIGHTS IN. FAR EAST, company had been collecting their rates in silver, hoping from time to time that exchange would become belter, and that they might regarded results: but there seemed to be po revert to the former state of things as far as indication of this, and the directors had, there- fore, made up their minds that the rates for that the rate of collection should be varied telegrams should now be collected in sterling, from time to time, and that it should be revised

matter that had pressed upon them was every three months. The other important

the considerable reductions which they had made in their tariffs. He had no doubt that some of these reductions would in course of time result in an increase in the volume of traffic, and this might to some extent get rid of Of course, the directors had to consider the the pressure on the company in this respect.

had been made by them from time to time demands of commerce, and the reductions in order to try and keep pace with the univer sal cry for cheap telegrams. The company lost by the reduction in their tariffs £26,000 NOTE ADDRESS:2, 'ICE HOUSE ROAD. Specie and Parcels until 3 P.M., on the 28th the half-year had been £121,000, showing an last year. The working and other expenses in

In the West the inventor is honoured and his invention is protected by letters patent, copyrights and trade marks, while no attention is bestowed upon those who are thrown out of employment through the invention itself. In the Far East the inventor is regarded as a mere artisan; there are no patent rights to protect or reward him, and the labourer is protected by the authorities against any and all things which tend to injure bis calling.

"It is this attitude of the governing classes," said an exporter to a representative of a Vancouver journa', "which puzzles a merchant and which threatens serious consequences in the industrial and commercial world before

many years have passed by. Even at the present time it works injustice from a Western point of view. This one occasion a large house sent a consignment of fine lamps to Japan. They were the latest design, and were protected by letters patent. They sol promptly in Yokohama and the agent wrote home for a larger invoice. When these ar rived not one could be sold. The puzzlert

azent made inquiry and found that the first lot had been purchased by manufacturers, who immediately imitated them and put the imi:

tations on the market at less than half the price for which the originals could be sold "

A similar experience was had by a concern which exported hand sewing machines in

Over

those of the

increase of £5 456 corresponding period of 1901. This advance was almost entirely accounted for by the open- ing of the new stations in connection with their direct Cape-Australian cable, and by the general growth of expenditure. The net profit for the "half-year was £148,500, out of which £73,500 was carried forward: Since the close the usual interim dividends had been paid, and

of the half-year the Netherlands Government had arranged with the company to supply and lay on their account a submarine cable between the islands of Borneo and Celebes, about 700

AKS for ASAHI JAPANESE BEER ASK for ASAHI JAPANESE BEER-miles. The cable bad been manufactured

G. Girault

G. Girault.

Intimations.

THE PHARMACY,

14, QUEEN'S ROAD, CENTRAL,

Opposite KELLY and WALSH

房藥大法中

Estimates given for all kinds of Electrical work.

1

Trained Mechanicians sent to Out-Parts to fit up Installations if required.

For full Particulars, &c., &c., Apply to

W. STUART HARRISON,

AM. INST. C.E.,

Manager.

Hongkong, 14th October, 1902.

TSU FAN,

DENTIST.

ON Company's Steamship

N MONDAY, the 29th December, 1902.

"TONKIN," Captain Schmitz, with Mails, Passengers, Specie and Cargo, will leave this Port for MARSEILLES, via BOMBAY.

This Steamer connects at COLOMBO with the s.3. Ville de la Ciotat, which vessel takes on her Passengers and Mails leaving that Port on the toth January, 1903, Directtö Suez, Port Said and Marseilles.

Cargo and Specie will be registered for Loo don as well as for Marseilles, and accepted in transit through Marseilles for the principal places of Europe.

Shipping Orders will be granted till Noon, Cargo will be received on board until 4 PM.

ORIENTAL

Manager.

STEAM

COMP

THE PENINSULAR AND ORIENTAL STEAM NAVIGATION COMPANY.

STEAM FOR TRAITS, CEYLON, AUSTRALIA, INDIA, ADEN, EGYPT, MEDITERRANEAN PORTS, PLYMOUTH AND LONDON.

Through Bills of Lading issued for BATAVIA,

PERSIAN GULF, CONTINENTAL, AMERI CAN and SOUTH AFRICAN PORTS.) HE Steamship.

"VALETTA,"

Cap W. B. Palmer, R.N.R., carrying 'His Majesty Mails, will be despatched from this- for BOMBAY,on SATURDAY, the 3rd January, at Noon, taking Passengers and Cargo for the above Ports,

and Tea for London (under arrangement) will Silk and Valuables, all Cargo for France, be transhipped Colombo into a steamer proceeding, direct to Marseilles and London, other Cargo for London, &c, will be conveyed

instant. (Parcels are not to be sent on board; they must be left at the Agency's Office.) Con tents and Value of Packages are required.

For further Particulars, apply at the Com-v4 Bombay with Transhipment. pany's Office.

G. DE CHAMPEAUX, Agent. Hongkong, 16th December, 1902. [1004

[29] NORTHERN PACIFIC STEAMSHIP

COMPANY.

.PRICE MODERATE-CONSULTATION FREE. Next to the Hongkong Dispensary, so, Queen's Road, Central. Hongkong, 28th November, 1902.

[1299d

CHEONG SHING. No. 39, Queen's Road Central, (Opposite to Messrs. GAUPP & Co.)-

by the Telegraph Construction and Main, tenance Company, and it would be con- veyed to its destination and laid by the two repairing steamers which were now being. built for the company on the Tyne,. These vessels would already have been completed, hoewellery and Silks, Pearls and Jadestone

believed, but for the fact that the shipbuilder

were affected by a strike of their joiners and plumbers. The directors understood that the Netherlands Government intended in the pear future to establish other cable extensions in Netherlands India. They regarded those

cables with some satisfaction, as they ought to be the means of developing new sources of traffic. Perhaps the most important matter to mention to the meeting that day was that the laying of the much-talked-of Pacific cable bad recently been completed, pod it was expected to be opened within a fortnight

We beg to announce, that we have recently opened a First-Class or three weeks. The rate for messages

Europeanhemist-Store.

All our goods are imported direct from London. Everything fresh, new, and clicap; besides suitable Xmas presents and Confectionery;

-Hongkong, 20th December, 1993.

[Gosd

THE HONGKONG STUDIO,

PHOTOGRAPHER, CRAYON PORTRAIT PAINTER,

ETU..

ETC.,

JETO.

PHOTOGRAPHY IN ALL ITS BRANCHES, GROUP AND INTERIORS A SPECIALITY, LARGE SELECTION OF VIEWS.

STORIES,

41 AND'S ROAD, CENTRAL, -

HONGKONG.

Hongkong, 20th December, 190a.

(13964.

by the new route to Australia would be

the same as by this company's route, vir

39, per word. The Pacific cable was not private enterprise, but was established by

the Governments of Great Britain, Canadaş Australia and New Zealand for a service be tween Canada and Australia, and in fulßlment of the sentimental notion of as "all British cable. He failed to see that that cable was much more "all British than their own, which went from Australia, via the Cape of Good Hope, direct to Great Britain, with the only exception of touching one small island belong. ing to Portugal. Of course, directly that Pacific cable got to work it would enter into direct competition with their own system, but ho did not see cause for any violent alarm. It. was a regrettable feature, that for almost the first time the British and Colonial Govern- ments had entered into competition with private enterprise. As to wireless telegraphy he had nothing special to say. All that he had stated. at other public meetings remained in force,

The Marquis of Tweeddale seconded the motion, which was unanimously adopted..

A vote of thanks to the chairman and directors terminated the proceedings......“.

THE WEATHER.

The following report is from Mr. F. G. Figg, Acting Director of the Hongkong Obsar- vatory

On the aath at 11.25. a.m. The barometar has risen quickly in N. China, fallen in: Japan, Pressure is again high over N. China, and the shallow area of low pressure is moving over Japan towards thu-Pacific

Gradients rather steep with very strong monsoon along the China coast and increasing monsoon over the No part of the Chịnx Sex": Förbékai p»fresh Ni to NE, winds (âner

.DEALERS IN

Ware, Ivory Ware and Carlos, Chinese

Goods of all kinds,

And also General Exporters. An inspection is respectfully solicited.. Good quality and good workmanship guaranteed.

Prices lower than other shops in the same

line of business.

BOSTON STEAMSHIP COMPANY. BOSTON TOW-BOAT COMPANY. PROPOSED SAILINGS FROM HONGKONG,

VIA

SHANGHAI, INLAND SEA OF JAPAN, KOBE AND YOKOHAMA, FOR VICTORIA, B.C., AND TACOMA, IN CONNECTION WITH NORTHERN PACIFIC RAILWAY

COMPANY. -

Steamers.

Tremont...... Victoria

[rosa Olympia

SANG MOW.

DEALER IN Battan Furniture, Bamboo Blinds and Matting of All Colours,

No. 45, Queen's Road, Central, Price Lists On Application, Orders Executed Promptly. F'kong, 12th May, 1902. [145d

MEE CHEUNG,

PHOTOGRAPHER,

TOP FLOOR OF ICE HOUSE, IN

···Tea-House Rond.

modious Premises, to eclipse, as heretofore, Snow in a position, in his New and Com ALL PHOTOGRAPHIC-ART PRACTICED in the Colony or in any part of the Far East.

GROUPS AND VIEWS

Speciality, Hongkong. 22nd September,¥ROR..

DENTISTRY.

SUI SANG,

(Lately Practising, with Dr. J. SAKATA), DENTIST,

No. 4, Queen's Road Central. "Hongkong, 3rd January, 1001"

BIC

OURES

MEN & WOMEN Bio © in a man polsonone remedy for sus funktura) disanares And Janammation.. irritation of miseration of mlocus membranes. Painless: Kinarantand noc, za miziaturga Prevents postagionata

6020 BY CHEMISTS

Ofrealar malled on request. AUNŲ MANUTASTUKKO NT

„Iša Bring Gumbel (6)

CINCINNATI, O

Tag

Captains.

Tons, 1903-03

TW. Garlick9,606 Dec. 30 3 Pantono Jan. Truebridge... 2837 Jan. 17

Steamers marked' (*) have not accommodation.

passenger

The attention of passengers is directed to the very cheap rates offered by this line to the Pacific Coast and to the Interior and Eastern Cities of the United States and to Europe.

Special rates allowed to members of Gover- ment Services.

Through Bills of Lading issued to Pacific Coast Foists and to the Principal' Cilies in the United States and Canada. N

For further Information as to Freight or Passage, apply to

DODWELL, & CO., LIMITED,

General Agents. Hongkong, 18th December, 190x, -(874d

KANANGA OF JAPAN

D

Jand. Co PARIS

most delight-

Wananga Waterally refreshing

Tollet Water. Itranders the skin firm relievca

Parcels will be received at this Office until PM, the day before sailing. The Contents and: Value of all Packages are required...

Shippers are particularly requested to note the terms and conditions of the Company's Bills of Lading.

For further Particulars, apply to

E. A. HÉWÉTT,

Superintendent Hongkong, 20th December, 1002.

To be Let.

TO LETTE

TWO 6, PRAYA EAST,

"WO SPACIOUS GODOWNS-Nos 95

TWO ROOMS above New VICTORIA HOTEL

Apply to

H..N. MODY,

Victoria Buildings.. Hongkong, 4th December, 1902. [3328d

TO LET. EVERAL NEWLY BUILT EUROPEAN Apply to

SHOUSES IN LEIGHTON HILL ROAD.

THE HONGKONG & KOWLOON LAND & LOAN CO., LD. No. 8, Queen's Road West,

Hongkong, 20th, October, vona Tiroed

TO LET.'

VI House near the Flagstaff; from 15th MEIRION No. 2, the Peak, 6-Room October, 1902.

Apply to

E. JONES HUGHES? Hongkong, 7th October, 1902. (tosid

TO LET. THE RETREAT," MOUNT KELLETT. THE

HOUSES at Causeway Bay, facing the

Polo Ground

No. 1, RIPON TERRACE, GODOWNS at BOWRINGTON, Praya East. GROUND FLOOR of No 4 BLUE

BUILDINGS.

Apply to

THE HONGKONG LAND: INVEST.

MENT & AGENCY COLD. Hnngkonu, Igth December, r002, fzoge

F. BLACKHEAD & CO., SHIP-CHANDLERS, SAILMAKERS, COAL AND PROVISION MER- CHANTS, NAVAL : CONTRACTORS AND GENERAL COMMISSION REAGENTS, AN

PRAYA CENTRAL HONGKONG, SOAP MANUFACTURERS.

mosquito bites and imparts a delicate fra HROMPOSITION RED HAND

gance and feeling of comfort and freshness.

New Samentions la Perfuntry |RIGAUD'S KANANGA EXTRACT

| RIGAUD'S, WHITE ROSE ---

| RIGAUD'S, MELATI EXTRACT

| RIGAUD'S IXONA D'AFRIQUE EXTRACT. RIGAUD'S LILY of the VALLEY EXTRACT BIGAUD'S YLANGYLANG EXTRACT ---- RIGAUD'S BANTAM EXTRACT

| R-GAUD'S JASMINE or Chemalie EXTRACT

3 RUE VIVIENNE 8, PANIS

SOLE AGENTS FOR FARTMANN'S RAHTJEN'S GENUINE BRAND, HARTMANN'S GREY PAINT! DAIMLER'S PATENT MOTOR

- LAUNCHES,

&

Sola Apants for des FERGUSON'S SPECIAL CREAM

sinuates and A

P. & O. SPECIAL LIQUER SCOTCH WHISKY, &C.

EVERY KIND OF SHIPS STORES AND REQUISITES: MALWAYS IN STOCK-

REASONABLE PRICES. Hongkong, 14th May, 1895,