1903-02-18 — Page 5

THE HONGKONG TELEGRAPH, WEDNESDAY, FEBRUARY 18, 1903.

different from ours, and that it may be advis-gulated by the laws of supply and demand. All ab'e to have a gold standard there and not here. The tin mine owners do not want. If the Commission recommended the adoption of a gold standard, it must be on other grounds, and whatever these grounds may be, they can- not fail to apply equally well to Hongkong.

Secon❜ly, that we are not to attempt a divorce from the currency of China. I would ask what is the currency of China? Can any one enlighten us? Lord Charles Beresford, in his book The Break-up of Ching, pointed put that China has many currencies, there being in fact five different currencies between Tientsin and Peking, a distance of but 80 miles. Such a currency, he said, "hinders trade and is troublesome to everyone." No one present will be found, I trust, in endorse such a prolixity in mediums of exchange. China we. know to be a silver-using country, but her real universal coinage is copper cash, which has various provincial values, and is subject to inany fluctuations. China accepts Mexican, British and Spanish dollars at different rates valued by silver weights, and there is also an "infinite variety of silver standards, for every provincial city has a tael value of its own, Now to a nation in the unhappy possession of such an alternating currency, to whom the intrinsic value of gold is rapidly becoming known, it is difficult to conceive that any serious difficulty would arise if a Hongkong Kold standard were added. The trade between Jap n and China is valuable and annually in- creasing, but the Japanese although they realised that their principal consumer was and would be Ch na, did not hesitate to establish a gold currency. in his excellent, speech on Saturday last, at the meeting. of the state- hold rs n the H. & S Bok, Mr. Shewan con- tributed his testimony to the Chinese adaptabi- lity of character in stating "The Chinese have again proved their epabilities as business men, and have nosily settled sterling ex- change at the time they ordered their goods thus ensuring themreives against loss on a falling silver marker." What better proef could we have than this on this point? firmly of opinion 1 at give him time and the Chinaman will adit himself inost firmly to a fixed standard. Then we have a third "lion in the pain the theory that if our dollars are demonetised and the currency placed on a gold basis. there will be a fearful bill to mcel in disposing of our demonetised currency." I must say that we should, int be, frightened with such objections; for on inspection such figurative animals may perhaps liken themselves unto the fabulous quadruped that paraded in the lion's skin. It seems to me that with the violent fictations in exchange that we are now individually experiencing the evils of a demonetised dollar. I would have preferred that instead of the committee endeavouring to

am

frighten us with such a monster that they had 't exist in tendon as a central market of the savings, with your permission, gentlemen, i

left the solution to experts who may have 10 deal with it later. As a matter of fact we may tun to India where the same difficully existed and was overcome. Fewthly, tha change from or divorce from China's currency would result in the trade of Hongkong passing to Canton or elsewhere in China. This is an assumption on which the committee might have afforded more precise information. Why should the adoption of a stable currency for Hongkong mean the loss of our trade? Is it likely that a Chinaman who has lived and traded in Hongkong, and made his wealth here, free from the harassing restrictions of his own government, will risk the loss of his liberty, security of property, and the untold advantages to an Asiatic which a Buitish crown colony provides, to depart for Canton? And if so, for what? Will the foreign merchant in our midst, who, with numerous

rar

HIC

now

faith on its recovery and the apathy bat.

Mr. Stewart, and Mr. E. A. Hewett opposed the motion, and after the Chairman had replied to some of the observations of the mover of the resolution and the supporters, the vote was put to the meeting with the following result

For the motion ......... Against.........

Majority for the motian......

40

25

15

115.

To-day's Advertisements.

ROYAL,

CITY HALL, HONGKONG. Under the direction of Mr. ROBERT BROUGH. Representative.............................. Mr. ALLAN HAMILTON,

TO-NIGHT (WEDNESDAY), 18TH FEBRUARY. THE BROUGH COMEDY CO.

"ARE YOU A MASON?." There is an old maxim: “The most wasted of all daya is that on which one has not lauglied."

(By

IN

OF

LAST THREE NIGHTS 1!

LAST THREE NIGHTS!!!

ARE YOU A MASON? arrangement with Charles Frohman, Esq.) A Farce in Three Acts, adapted from the German by Leo Dietrichstein."

It was, indeed, a rare mix up and conducive to the mast side splitting laughter. The piece could easily have been overdone, but in the safe hands of the Broughs was presented in the most natural manner possible having regard, of course, to the innumerable false positions and lulicross situations from which the two preudo Masons have to he rescued. Comment on individus acting would be unMRS. necessary with such a talented Company before Everyour was good; un one wished for better. Mr. Brough Jooked in the best of health and took his part to perfection although, wo believe, it to be a fact that, early in the evening it was quite within the bounds of passibility be would not appear the first night owing to Bi-health. When we caught a sight of him earlier in the day he looked far from well; but on the stage he is alway home, whether ill or wall, and, of course, no one could possibly notice that fast evening he was playing his part under great physical exertion. We are glad to say he is now feeling better, and will continue to delight the fulk of Hong, kong.

As Mr. Brough is desirous of staging as many pieces as possible during their short. season, it will not be possible to revive any play at a later period of the season. piece is withdrawn, it will not again be repro- duced during the present season.

Commercial.

Once a

TO-DAY'S INTELLIGENCE. BANK shares are in demand, and small sales have been made at $685 ex divideod. played at $206. CLINA SUGARS have changed lands at 5102 to $102.50. There is a little excitement in INDO-CHINA shares, several lats changing hands mostly from Shanghai at $:02 to $97 and with sellers at latter quotation. There is a fair inquiry for FIRE shares; HONGKONG FIRES can be placed at $327.50 HOATS are rather quiet with sellers at $36. and CHINA FIRES at 56.50. MACAO STEAM KOWLOON GoDowns have been placed at 293. HONGKONG LANDS are rather weaker with sellers at $177. WEST POINT BUILDING Co. is also weaker, and sellers at $52.

DOCKS are quiet, and a satall parcel has been

.

INTERPRETED BY: BROUGH, Miss Temple, Miss Susie Vaughan, Miss Brenda Gibson, Miss Helen Bogle, Miss Gillies Brown; MR. BROUGH, Mr. W. T, Lovell, Mr. Leslic Victor, Mr. Ernest Vere, Mr. McIntyre, Mr. Percy Walshe.

SATURDAY, MONDAY, TUESDAY, 21st, ayrd 'and 24th FEBRUARY," First Production in China of THE SECOND IN COMMAND." By arrangement with the author.) A Military Comedy in. Four Acts, by Captain Robert Marshall,

SCENIC ARTIST

+

MUS C. DIRECTOR - MR. GEORGE BROMLEY - MR. CLAUDE WHATE BOX PLANS AT RÓBINSON'S, where seats can be bocked six nights in advance.

Diess Circle and Orchestra Stalls, $4.00. Stalls, $2.00. Back Seats, $r.oo. Doors Open 8.30. Curtain 9. Chairs, etc., at 11.30. Late Tram to the Peak as usual.

Hongkong, 18th February, 1993. THE TRADE MARKS ORDINANCE,

1808.

APPLICATION FOR REGISTRATION OF TRADE Mark.

GEORGE

N BRUSSE, of Victoria, in the Colony of

Hongkong, Commission Agent, has, on the 25th day of November, 1902, applied for the Registration in Hongkong in the Register of Trade Marks of the following TRADE MARKS:-

[-india, where the rupee to-day is worth exactly Hongkong and Shanghai Bank, that this in able to get the upper hand. He denounces d, but it is marked at rs. 4d.-a difference of stitution has $46,111,848 in silver on fixed his son-in-law. Something must be done to the risk mi rchant had in take was within the compass of reasonable calculation. Now that 7. That is a risk every gold standard coun- deposit. I do not know what proportion of redress the balance. Before his marriage with try accepts and it is a risk we should have to this sum belongs to Hongkong, but I presume his present wife, Bloodgood was somehow a chism between the two masses of the world's

undertake, as our banks do now in issuing a fairly large amount. Whatever the amount mixed up with an-Angelina. Of her nothing currency has been created by the demonetisa.

banknotes. It is also argued that if we were it represents the savings of persons of limited seems certain save that she committed suicide. THEATRE tion of silver, an arbitrary rate takes the place of the fixed one and throws all calculations to make our dollar a 25, dollar and to-day the means on whom the loss of capital involved The exact nature of his relations with her is overlord. It may, however, still be urged that matket is 19. 7d, which means that every 10 through the depreciation of silver falls with important, even in farce, since he plants what Hongkong still prospers. Quite so 1-11 long-gold standard dollars would buy 13 Mexican much unmerited severity. Let me illustrate he believes to be her offspring on his own dollars, it would seriously affect our industrio, this. A man after saving a thousand dollars in daughter. But he is mistaken even as in the kong can be said to sill prosper under such

suicide. Angelina turns up as the wife of for the coolic and artisan would pack up their 1901 placed it in fixed deposit with the Bank on adverse conditions su ely it must have a con-

falten, a clumsy Northcountryman, smitten traps and depart for the borders of Canton, the 1st January, 1902, for one year at 4% sidemble amount of vitality to keep it alive

with the idea of becoming a Mason. Fisher, a and how much more would the line of its pro- But I do not think there need be any fear of per annum. On the 31st December ha re-

friend of Perry's, is apprised of the Angelina such an exodus, for so long as the silver dollarceived his principal with interest of $40, to sperity be extended if the disturbing elements

affair of which Afrs: Bloodgood reminds her in itsurade were removed from its onwardcourse? is a commodity where you can purchase $13 him, no doubt, a satisfactory return on

husband in and out of season-2nd determines Alexican with Sto gold in any quantity the his little investment. But when he came to And what is causing more disturbance than the

employers will easily give the option of selec: turn his $1,000 into sterling for transmission to personale her daughter, supposed to be a That he had lost milliner's assistant. And so the man in degraded silver currency? Would it not be more

tion to the employees. The Chinese are shrewd home, what did he find? compatible with reison if we adopt a monetary standard that will keep us in close touch people and will soon realise this and for their£10.78. 4d of his capital after allowing even for woman's clothes is invited to take Mrs. Perry's the interest it had earned in the twelve months measurements, is found in the embraces of with the world and save us from being tossed guidance they have numerous native money about by dnclusions which the rejected changers and bankers in the colony. simply think I have now shown clearly how the Bloodgood, and kisses his sweetheart, Perry's lower metal is bound to produce? It is argued resolves itself into a question of facilities of savings of the Colony are affected by the never-sister, who is led by his way of doing it to detect her lover un ler his petticoats. However that a gold standard in Hongkong may drive exchange, and the difficulties are but initial ceasing decline of silver, but I will finish with

ones, which will adjust themselves. I beg one more practical illustration from personal everything is put right and, of course, every- LAST THREE NIGHTS! b-siness away from here and shift the centre of

experience. A few years back I had as trustee body lives happy ever after. trade to somewhere else. This a thing that therefore to strongly support the resolution. is much easier said than done. It must not be Mr. R C. Wilcox said:-1 have much plea to realise an estate which, on the death of the testator some twenty years previous, was worth sure, Mr. Chairman, in supporting the reso- overlooked, as I have already pointed out, that

lution proposed by my friend, Mr. Osborne, about 26,000, but which remained here in Hongkong enjoys numerous advantages which

The remarks to which we have already listened vested in silver securities, mainely, stocks and have got to be weighed and considered before one ventures upon such an assumption. It has cover most of the ground, but without unduly mortgages. Although the dollar value had gained a world-wide reputation as being the trespassing on the line of the meeting I should slightly increased, the property when realised inart for South China; and its goodwill is like to lay a few facts before it which, if not only produced little over £13,000 for division tready so firmly established in the commercial exactly new, may not have yielded their fuit among the legatees! The assertion that things world as a centre of trade that trivial consider significance. We are met today to consider will adjust themselves and that though dollars ations cannot easily obliterate it. The main what may, I think, without exaggeration, be are worth less we get proportionately more objection to the a option of a gold standard is termed a crisis in the history of this Colony, of them have, think, been conclusively of t has been shown that based on the assumption that, lira might find all trust that in such consideration we shall disposed it more suitable for her to order her goods neither be swayed by fears of the unknown nor legitimate investment is hampered, circum direct from the outside world without the biased by mere opinions as to our impotence scribed, and tendered unremunerative by the medium of Hongkong, and thus save the pro. in the matter. I, at any rate, am not willing to ductuating silver standard, and that the savings cess of double excitange. At first one would bearken to counsels of despair. Nothing but of the Colony are subjected to an annual and think this would be the ultimate res h; but a good can result from a discussion of an evil ever-increasing shrinkage; and I fail to see about which all are agreed but few are com- where any compensating advantages are to be close investigation reveals, howeve, that re- drawing from Hongkong to the adjacent ports pelent to suggest a remedy the question derived. Does anyone profit by the existing adds so liale to the cast of imported go ds that before us is simply: Having for more than condition of things? If not, what objection can long established mercantile houses can well sixty years beau financially wedded to China, there be to make some attempt to obtain relief will it be for our advantage to obtain a divorce? from it? For every ill there is a remedy: afford to overlook these tule considerations

to find it. I have for 1 think it would be, for the following among it remains for us when placed side by side with the advantages

other reasons, but on so complex a question as inany years clung to the belief that the ratio derived from such a magnificent port as Hong-

the currency I do not desire to dog alise. I between gold and silver would some day kong. it may be remarked in passing that Stanghai as a commercial centre trades as a wald now simply point out some of the ways be adjusted, and have gone on hoping against in which the Colony is injured by the ceaseless hope that the demonetisation of the white medium between the outside world ad north

fluctuat on and more or less steady decline of metal would be stayed or reversed. But that China in the same way as Hongkong in the south. Its trade with the north is steadily pros its present standard. It has been clearly shown hope has been finally dissipated by recent How adver ely trade in all its bauches has events; the tide has set in steadily against pering notwithstanding the extra cst entailed

been affected: how its profits bave long been silver, and China and Mexico by the difference in e change ruling between theh. Landon as a commercial centre imports growing small by degrees and beautifully less. practically the last countries in which it is all sorts of commodities from all pins of the The present commercial depression must, I fear, accepted. The metal can be mined at a lower world. Some of these are re-exported to the Con- continue for some time in any case, but I do cost than ever, and the supplies seem li ely to increase rather than to diminish. The fall inent of Europe. The same objection night not imagine it to be. beyond the wit of man or

seems indeed to have no bottom. Are we to be miser, "Could not the Continentorder these the power of the Imperial Government lo de goods direct from the exporting countries?" vise a cure that will at least put a period to the stand idly by and see the savings of a lifetime |

never-ceasing fall in the value of our securities molt into space, leaving us to indulge in vain Tie wason for not doing so must be that tradal advantages (too numerous to be detailed here) and the continual sweating of the Colony's regrets for the fatuity that prompted us,to pin work, awre than compensate for the apparent propose to briefly illustrate what I mean by induced us to acquiesce in the dictum that extra rost which re-export from London entails. this remark. The savings of the colonists are longkong must continue financially wedded These and oiler considerations go to prove invested, as you are aware, in, various ways, to China? that once a place is established as a centre of but chiefly in real property, mortgages, bonds trade, it leaves an indelible impression upon and debentures, altares in joint-stuck co mpa the commercial mind, not easy to remove by nies, and deposits with the banks. Now, with trivial causes. The same argument applies to regard to the first named of these, the amount the objections taised by some that industries in invested in which may be roundly estimated at Hongkong will suffer by she intruduction of a $82, 00,poo. No doubt this has been a very pay ing investment in the past; but, although renis gold standard owing to the p. ssiinlity of dearer

have so far as the dollar rate is concerned. eqst of labour. Now we know that Japan since

creased enormously, I question whether real her adoption of the gold standard has enor mously increased her industries in spite of the property, when valued in sterling, pays as well increased cost of labour; because the advant- as it did ten years ago or is even saleable for a agt denred from the reform in her monetary much higher price except in special instances, It is true that the rents bave been increased all system by far outweighed the excess in cost

par with those of labour, as wil be seen from her trade re- rand, but to place them on pots. By parity of reasoning do not see why obtaining twenty-five years ago they would need to be trebled in the depreciated dollar we should not expect advantage from the treaty portrefattn of our money system which will put in That is to say a house let in 1878 for $50 per branches, has for obvious reasons made Hong the shade all seeming hindrances. langkong month should now feleli Siga per month. This is not the case save in a few instances, and kong his catrapat and base, fold his commercial

suffers from lack of cheap money for the cultiva tent and silently slip away to Kiaochow,

even if it were the rule instead of being the Lion of new industries, for the simple reason Kwangchauwan, Macho, or any other place that home people are deterred from sending exception, the net, prufi would be smaller be which may rejoice in the posses ion of unlimited

ou money here on account of the decreasing cause the castef upkeep and repairs has greatly silver? Is it likely that the 18 million tons of value of silver. With cheap money Hongkong increased. Property is, on the whole, I consider, shipping, valued at £50,000,000 yearly, passing is bound to expand is trade and develop its in- less profitable investment here than it was through our harbour annually will be diverted

Gerlycenainly in pre-Sanitary Board days. dustrial capabilities. The change from silver

It does, however, afford some prospect of prolit to the Shameen? That our mail liners and

to gold, as any change in the social world.

by appreciation in value and is so far preferable ocean going leviathans will find more hospit. designed to be an improvement, is apt to be able and prosperous anchora, es off the bund at

to the next form of investiment named. allude fraught with initial difficulties which should not

The to la.ns on mortgage. Canion, and our wharves, godowns, docks and arm the man of sound common sense.

This is a very favourue form of investment both bere and in other refineries remain ghostly deserted ruins? Is change is bound to work itself slowly and all this and other havoc to be wrought by a gradually until in time it produces the desired countries, as it is supposed to offer the maxi nun se urity, to yield a good rate of interest, stable versus a fluctuating exchange? I think effect. Hongkong might suffer inconveniences not ! We, in all our prosperity, are experiencing at the beginning but by identifying herself and give the minimum trouble in collection, the evils of a silver cuir ney, but we have ver with the world she is sure to draw capital There is, 1 find, upwards of forty millions of to learn where the trade of a colony or country whereby the many facilities of a first-class do lars thus invested in this Colony. Most of has been jeopardised by the adoption of a commercial port will be cultivated and her the loans are advanced for terms of from twe stable system of currency. Who can assure wealth increased accordingly,

to five years, though many run on indefinitely us that silver will not go even lover and

The wealth of Hongkong as a non-producing after the completion of a lernt. cause more distress. The heavy fluctuations

assume that ile mean is life years, and, port consists of the savings of single or corpo

when the loans in silver may benefit some of our Banks,

ate individuals, invested in landed properly, taking the exchange who profit by such-and this is an element

joint-stock companies, bak deposits or floating of gambling-but to a merchant these are

in commercial undertakings representing goods disastrous, as prices do not respond at once

or cred. 15. As the value of such wealth can only to the fluctuations especially in a fall, if one

be determined in terms of gold or silver, and as has goods costing at exchange rs. 7d and Honghong is a British possession, the wealth of exchange rose to is. Tid, the Chinese customer

Hringkong must be valued in money related to wants the advantage of the rise, or else he will

the mother country-apart from the considera. order anew the higher rate, of ts, Ind. In

tion that a- a commercial place, its wealth should fact, although we are using silver as a medium,

be estimated by the world's commercial standard, everything is valued, consciously or unconsci

Therefn e the wealth of Hongkong, as affected ously, in gold; wherever there are foreign in- fluences, and the trade of silver-using China is by the decline in silver, is dwindling in value day by day and the prosperity of the place can- almost all with gold countries, longkong is

not advance at the same ratio as it would do if simply thehrador the tail of gold-using countries and everything is expressed in terms of gold, possessing a stable currency. In concluding, the questions which confronts us are these: is whether it be import or export. The present

advisable or not to make a fixity in exchange? state of silver, with its fluctuations, tends 10

If so, how? I think it is advisable because we degeneiate us into commission agents rather

ue paying the salaries of our government off than bann fide traders. Now, to pass from the report of the meeting of the comini terciais, the military contribution, and other lia- ilities in gol. Every drop in exchange means it must, I think," be accepted that in dis

we must provide more silver to pay these cussing the currency of Hongkong it is

Hon, kong is now practically beginning 10 necessary to note the following facts:-

charge in gold; that is the retail traders, hotels, (a) Hongkong is a non-producing commercial

doctors, architects, wharf companies, etc, and port() it is a commercial ine dium between the world and China, rude with longers will follow. Practically, weshal charge kong means virtually the trade of the world everything in gold, and silver will be oly with China. (d) Over 90 per cent of the

will mean the confidence of the whole world in world's monetary standard is gold and China's

tion of their reserve funds'in mortgages and us and in our commercial transactions, and we is silver. (c) A gold or silver currency in

shall be able to obtain money from elsewhere debentures.. Ten of the principal local joint Hongkong can therefore have no effect either

for investment in our colony, which will mean stock companies have loaned out on mortgage good or bad on the tide of the world with

its development in the creation of more indus.no less a sum than $11,178,993 and have another China. Having these facts before us, let us.

ries. Investors will feel assured that if they million invested in bonds and debentures. These now deal with the currency question direct and

send £5,000 one day they will receive 5,000 figures are taken from their latest published ask: while currency in Ilangkap, whether in

back another day. From the thirty-three open reports. It will be seen, therefore, that the joist silver or gold cannot affect the trade of the.

poits of China prople who have money to invest stock concerns have a very appreciable warld with China, how then will it affect mer-

share in the general loss. Apart from or save will send their money here knowi g

this fact, marcover, it is by no chants in Horgkong, and if so what class of merchants? There is no question that purely that it will not depreciate. low many peop

a this colony who have been saving for years certain that the holders of their scrip have commission agents are unaffected by the

have of late seen half their savings swept away any special cause for sell-congratulation. currency in Hongkong whether it be silver or

through these wretched depreciatin silver have not had time to go into figures myself, gold. But those who deal in imports and ex-

dallars? Nonthly allowances made by me but the North China Herald of the 7th ull. ports largely on their own account suffer most

persons to their families at home, the silver published a list of stocks compiled by Messrs. from a currency that is subject to exchange equivalents of which regularly increasing will P. Bissel & Co., of Shanghai, showing the differ fluctuations. It may be said that as in almost

be less burdensome, if, a gold standard be ence in value at the end of 1922 compared with all business undertakings there is a certain

established. In the same way the means of that shown at the end of 1901, and according amount of risk taken Ly lie merchant which either ends in gain or loss to him, and the like the cost of living will be much facilitated it to this list the net loss was. Tls, 7,948,738, considemtion for risk and its attendant result the gist of necessaries of life are paid for in the That amount, of course, i cludes Shangha, as same monetary gold standard. The fixity of well as Hongkong stock, and a portion of the sbould also guide his exchange operations.

Let us

were fixed roughly at 2, this sum Lurned into sterling would amount 14 £4,000,000. at the end of last year the rate of exchange had fallen to 1/7 and the sterling value of these forty millions of dollars stood at £5 166,666, 139. 4, a difference of £833,333. 6s. Sd, or 10,526,315.78 But, it may be urged, did not the mortgagees enjoy a handsume return on their id not this more than balance the loss of principal? No, gentle men, it did not, The interest on $40

investment incanume?

at 7% per annum for three years would gross $8,400,000, and, if this be allowed fur, There would still be a net loss to the mortgagees of $2,126 315 78. In o her words, more than a filth of their capital had disappeared. The holders of bonds and debentures are in even worse case than the mortgagees, for they have probably eld their securities longer and have been re- ceiving a lower rate of interest. Many persons aby smugly object that they are affected in this way because they ha'd either mortgages aur debentures; their investiments are confined to shares in joint-stock corceras and that many of these have mproved in value. But such investors may perhaps not be aware, or they may not remember, that most of the

not

A vote of thanks to the Chairman concluded the meeting, which commenced at 3.20 p.m. and finished at 5.0 p.m.

TELEGRAMS.

(Reuters)

The Bagging Scandal.

LONDON, February 16th. Col. Francis Lloyd has been recalled from half pay to command the rst Grenadier Guards in succession to Col. Kinloch retired.

The Near East.

The situation in the Balkans is still grave, but it is believed in Constantinople that the presentation of the Austro-Russian Reform Scheme will clear the air. Turkey and the Aden Hinterland.

The Standard states that the Porte has decided to give satisfaction to the British claims and has ordered the complete evacua tion of the Aden hinterland.

THE BROUGH COMEDY COMPANY.

"ARE YOU A MASON?"

a metal to be handled. Fixity of our exchange local com, anies have invested a large propor: rollicking fun that, has ever been associated

Co-day's Advertisements.

FUBLIC AUCTION.

HE Undersigned have received instructions from The Registrar, Supreme Court,

to Sell by

PUBLIC AUCTION,

од

FRIDAY, the Loth February, 1903, at NOON,

at No. 6, McDonnell Road, Ground and 1st Floors and Nos. 7, 8, y and ro, Austin Road, Ground and 1st Floors, THE GOUDS AND CHATIELS OF 1. M. CASUSO.

Comprising: Two IRON PRESSES, TILE MOULDS and a quantity of TILES, &c., &c, &c.

TERMSAs usual.

HUGHES & HOUGH,

Government Auctioneers. Hongkong, 18th February, 1903.

[2010

PUBLIC AUCTION.

THE Undersigned have received instructions

For

from The Official Administrator

to Sell by

PUBLIC AUCTION, Account of the Estates of the late . Brodie, Baron von Bosch, C. J. Jacobsen, J. McCann, A. R. Kirk, Capt. Moindon, E. E. Smallwood and J. Barrowdale,

SATURDAY, the 21st February, 1903,

оп

at 11 A.M at their

SALES ROOMS, No. 8, Des Vœux Road, Corner of Ice House Street, SUNDRY GOODS AND EFFECTS,

Comprising: CAMPHOR WOOD and STEVL TRUNKS, DRESSING CASE, CLOTHING, BOKS, UMBRELLAS, &c., &c, &c,

A150 A Quantity of GULD and JEWELLERY.

TERMS: As usual.

SILVER

HUCHES & HOUGH,

Government Auctioneers. [zozi Hongkong, 18th February. 103

r. The distinctive device of a Bay and the figure of a Red Indian with a bow and arrow standing on the beach; on his right are the representations of a but, a number of trees, a shield with lion rampant and a crown above it; and on his left the representation of 4 small plants. Above the device are the words "Cigar Works," "The Young American," "Dresselbuys and Nieuwenhuysen," "Culenborg Hal- land," "Purveyors to the Court of Holland.”. 1. The distinctive device in an oval frame of the bust of a bald headed Euro pean Gentleman with grey whiskers and the words "Mexican planters" above it; in the Names of CORNELIS WILLEM DRESSEL. HUYS, Senior, WILLEM BERNARD DRESSEL- HUYS and CORNELIS WILLEM DRESSELHUY Junior, who claim to be the Sole Proprietors thereof.

The Trade Marks have been used by the Applicant in respect of Tobacco whether manu- factured or unmanufactured in Class 45.

A Facsimile of the above Trade Marks can be seen at the Office of the COLONIAL SECRE- TARY of Hongkong and also, at the Office of Messrs. HOTZ S'JACOB & Co., Queen's Road, Victoria, Hongkong.

Dated the 17th day of February, 1903.

WILKINSON & GRIST,

Solicitors for the Applicant.

1972]

QUEEN'S

E

COLLEGE.

ASTER TERM begins SATURDAY, the

215! February, at 9 AM.

NO ROOM at present for NEW BOYS. Boys seeking Re-admission must apply at

once.

GEO. H. BATESON WRIGHT, D.D., Head Master. Tam, kong, 18th February, 1003, * [1980

T BE PUBLISHED SHORTLY,

NEW AND REVISED

STREET INDEX,

BY

ARTHUR CHAPMAN, GOVERNMENT ASSESSOR,

NTENDING Subscribers are requested to sed, as early as possible, Orders for as many copies as they may require, to

THE GOVERNMENT ASSESSOR,

The Treasury. Hongkong, 6th February, 1903

WANTED.

(1060

YOUNG LADY to assist

WANDRAPERY STORE. Experience not necessary. A knowledge of Dressmaking and Millinery gained.

Apply to-

FAIRALL & CO.,⠀ 22, Queen's Road Central

[1826 Hongkong, 14th February, 1903.

DOUGLAS STEAMSHIP`COMPANY,

LIMITED.

The repertoire of the Brough Comedy Com. pany has been described as the best in existence, and in justification of the statement one has but to remember that the management has the ramatists of the past few years-Pinero, Jones, right over the plays of nearly all the principal Grundly, Wilde; Chambers, Caston, "Anthony lepe." and others. It is a fine list affording the Company facilities for the production of fine plays; and when one recollects that it is the Broughs wh have worthily upheld in the Far East and in Australasia the best traditions of the school of English actors it is not surpris ing to find a Hongkong 'audience clamouring for seats on the opening night of a return visit. Testimony to the ability and popularity of the Company was borne last evening when the Broughs gave the first production in China of Are you a fuson? Theatregoers anticipated a treat and completely filled the Theatre, so that when the curtain rose one knew, from the full house, that old friends were to reappear In a popular play. The face, which is an American adaptation of the work of the German, Leo Dietrichstein, is divided into three acts productive of some of the most with Hongkong. It commences with the old story of nights ou, that have to be accou ted for. Frank Ierry's explanation is that be has become a Freemason and that the initiation involves most terrible vigils. The lie is not as thoughtless as are most lies in farce. He is more or less dependent on his wife's parents, the fifredgoods, and it is Mrs. Bloodgood's sali- tary glory in her husband that he is the wor

She has urged shipful master of a lodge. Peres to follow in her husband's footsteps, and Perry has done so more faithfully than she bas any conception of. for ter husband is no more a Mason than is Perry. He too has struck on Freemasonry as a capital blind for evenings out, and his knowledge of its mysteries is derived from the same encyclopædia as his son-in-law's Like Perry, he knows no more than that the greetings of Masons are not as ether men's, and that their signs are inviolably secret. dr and Afes, Bloodgood are just about This kind of argument will no doubt hold exchange will cheapen money and investments inss was due to over-speculation, but leaving to come up to town to stop for à time with the V CHINA MUTUAL LIFE INSU• 1 3,60+ Tors, Captain H. Fraser, will be "des-

from outsi'e will tend to develop Kowloon, this out of consideration, I do not think that, Perrys, and are bringing with them their un with the exception of Banks and Unions, we good if the parallel drawn between the two whib promises in the future to dwarf Hong" in Hongkong have any reason to chuckle.over 'inarried daughters bath of whom are in love, RANCE CO., LTD., ceases from This Eale. distinct lines of business, viz, commodity and.

Annie with George Fisher; a stockbmker, to exchange exhibits the same degree of risk Kong. What I therefore think we require is a in both; but on close examination it will Te gold standard similar to that of India. It may appreciati nofstocks. Steady investmenis like whom Afri. Bloodgood objerts because he was seen that the laws of chance dr not equally argued that if you institute a gold standard Hongkong Lands, Docks, Wharves and Go formerly an actor, and Luis, with Ernest and others forrison, to whom Mr. Bledgoed silently govern the two. When gold and silver circu-may at times be a profilable undertaking for was, Steamboats, Watsons

persons in China to make 'silver dollars, and show either depreciations or no sentible objects on the ground that he is a real Mason. But it soon becomes evident that the authors, lated inde by side at a fixed rate, the fact food this colony with them. But as I have improvement in their quoted. value. tion in exchan,e was infinitesimal, and hardy already pointed out India undertook this res come now, lastly, to fixed deposits at or the adapter, must abandon their impersona influenced the gold value of goods when con-ponsibility and we have not heard of wholesale he banks This is a very important form of

tion.

Father-in-law and son-in-law, meet. verted into silver. Merchandise was then reforgeries. We shall be much better off that invest cal. being open to all, whether small Each intends to make a clean breast of it to the orgiest. I note from the last report of the other. The upshot of a spasmodic conversa- KS for ASAHI JAPANESE BEER- ASK for ASAHI JAPANESE BEER tion is that El-edgood learns Perry'r deception,

C. G. Girault G. Giralt

but not Pary Bloodgoods. Bloedgoed in thus

AG. Gimalli

SK for ASAHI JAPANESE BEER.-

A

means

I

PUBLIC AUCTION.

FOR SWATOW,

THE Undersigned have received instructions "THE Company's Steamship

from the Captain Superintendent of

Po ice to Sell by PUBLIC AUCTION,

MONDAY, the 23rd February, 1903,

on

at 11.A.M

A quantity OF SURPLUS STORES. TERMS:As usual,

HUGHES & HOUGH,

Government Auctioneers, Hongkong, 18th February, 1903. "'.

NOTICE.

2030

R. W. F. CARY'S connection with THE

LEFFERTS KNOX, District Manager, Hongkong, 18th February, 1903.

[NOT 1. C ́E........

"THALES,"

Cantain Robson, will be despatched for the above Port, on FRIDAY, the 20th instant,.

at to A.M.

For Freight or Passage apply to

"DOUGLAS LAPRAIK & CO.,

General Managers... Hongkong, 18th February, 1903. [1998

THE

NIPPON YUSEN KAISHA

FOR MANILA. PHE Company's Japanese Mail Steamship

"KASUGA. MARU”.

patched for the above Port on FRIDAY, the 27th instan2, at 4 P.M.

This Well-known Steamer is specially con- [104estructed for the service in the Tropics, and is I provided with superior accommodation and with all modern fittings and improvement for Light and Refrigerator. Doctor and Stewardess the safety and comfort of Passengers. Eléctric

carried.

Mbeen appointed MANAGER for CAN

R. MORRIS J. ISAAC has This Day TON of THE CHINA MUTUAL LIFE INSURANCE CO., LTD

LEFFERTS KNOX, District Manager. Hoogkong 18th February, 2003.

For Freight or l'assage, apply to

BA, S. MIHARA,

Manager Hongkong, 18th February, 1903,

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