1905-10-07 — Page 4

284

BISHOP. POZZONI AT THE ITALIAN CONVENT.

i

ADDRESSES OF WELCOME BY THE PUPILS.

gid last. The Italian Convent was on file to-day, is honour of the first visit of Bishop Pozzoal to

است اور

THE HONGKONG, TELEGRAPH SATURDAY, OCTOBER

A SCHOOL-GIRL'S SUICIDE

THE INQUIRY”

4th Int.

An Jaquiry was held this afternoon by Mr. 5. A. Haseland, touching the circumstances of the death of Lai Kam, Yuk, aged 18, a pupil

CURRENCY DISCUSSION.

· A-WEIGHTE: OPINION;

cation has been addressed to the Singapore

A most interesting and important com

commun- Frus by Mr. WH. Shelford on the car rency scheme. Writing on the

necessarily contraction. "When the population 12 within the currency expands with it then obviously the currency which was sufficient for the earlier stage would not be sufficiant for the later. Thus understand the Government of taken coinage in proportion to the increase the United States from time to time increases of the

population...

1905

MR VAR, THELFORI

To the Editor, Sinc

Sir Your corresponde Chamber of Commerce who shi field offered him at the Genera takes shelter in your editorial, ce not wish to prolong such, a combat,” The

Altered dby his but I shall endeavour to a

f the new corrent comm

slow of murde deceased write Eve queat, hold Jest toät

He begins by stating that the

that the Straits and la Coroner, the Commissione

It had been intended that the Bishop should i Icon, which took place in that Institution on the It is to be regretted that, mitmber of the sad trade as would nécessitaté an increase; hitre differnctly situated and that it would be:artin, of Hastings, to ble 1

A

23rd ultima

The following Jurymen were empannelled - Mesure. Ieldore Silbermann, Sydney D. Hickey, and Franz Schuner.

of

tion and

at ber, the correspondent saya Barclace the introduction the question has not been alte

into this Colony there has not t been so far as wer his

ble

"10ʻjadge, 'such an increasN, ÎN

popula Chamber of Commerce do not avail themselves the opporn of important questions, such as

offered by that body for of the circulating medium. Unfortunately the the discussion of

This

149 john; AlfredY the Currency, which affect not one section but gentlemen, who criticised my statement that promptuous to accept the Indian model hom it may concare,

opinion Was not, however, adopted by Town

Govern not Amounting

Booth, declare and confasst the entire body of the community. You print doubted whether there had been any contracthe

ment, nor by the public hien vaare, Kiepestapleton, sand

in ac Pallippine Islande in your article of Saturday: the views of a gention of currency, did not give their reasons for the currency Committes, nor by

"balieving the contrary, Deman who was present at the general

cepting the scheme to meet Mention has been made of the Japanese you how committed. This collective wisdom mayton interest in the question like the rest of us if and the American Philippine peso. As a silver of course be confounded, but a hitting policy: died, almost instantaneousl

considerable

July and Miss Edith George.sald she was the matron should have preferred to have argued the ques. / coin the yon ceased'lo exist in 1898 and the in calculated to spali dianter, sewage through ike head in?t and in, the regeneration of "Chinate orphan of the Victoria Orphanage at Kowloon, anortunity for this, so I have to sak for the hos-dempite the payment of the Chinese

виссея.

'. His Worship explained toile jury that this was an inquiry into the death of one Lal Kam Yuk, school girl, who was found hanging by her neck at the Victoria Orphanage on the 23rd alt,

the

-

tion

to the

who takes

scheme. I currency

In

Endent

argues ¿X'in more than

Inspect the Convent and receive an address of welcome and congratulation from the children yesterday, but circumstances arose which pe cessitated the postponement of the function until to-day. Perhaps this was fortunate, in way, for it enabled the worthy Sisters and the pupili attending the Convent to give that finish Ing touch to the preparations which ensured There is a great work in the scholastic ling

with him at the time, but he gave. no ap. currency of Japan is Dow a gold one (made Your con haing unostentatiously carried out at the fla

institution in connection with the Church

mugin: If it can be maintained, section two day money after the war 1894 to 1895) 48-| Exactly. lian Convent. On rare occasions it is brought Missionary Society. Deceased was admisted pitality of your columns.

question is, can it? Silver has trouble over fam to the attention of the public, but as a rule it into the institution in June, through the Registhe future of silver that, in the first place, led allver coins. There is therefore just as much On the 20th of March last it was 36d, fo-day Migast saloon, and saw him skies

We all know that it was apprehension as to inted by subsidiary coinage of underweighted during the last two years bean as low as aad bie name to a cheque.

11 ARC

Sacate: To save myself passer,

if not unheeded, at least without retrar General. She was 18 years of ago, and

Cannot follow tears comparison between our currency and the is 1841, a rariation of 10% at least in iz draw upon him and phot hing and mark. At present there are 156 pupils receivi

entered the Orphanage ni her own for the argument that the near future of the Japanain as between ours and British,Pardhaa mänths, sad 30% in two-Fakhruinnit confusion nada, my astapelik ing an elementary education as far as the desire. On the agrd ulto. at about 5.45... seventh standard at the Convent and the bright,

he takes shelter in anonymity whens happy-looking faces which lined up in the in consequence of a call from Nam Yik, witness went with Miss Halls to the girls corridors awaiting the arrival of Bishop Poz dormitory, and found deceased was not in her

not so long ago that 1/8 was the rale wo ware spoke volumes for the sympathetic and bedroom, and the girls directed zoni

urged by some to accept, then it was a Dow witness to the kindly tuition given by the Sisters.

the Indian Government, was designed not so it in 3/1. The fact is the scheme, like that of back staircase, and there she found deceased The entire building was beautifully embel hanging by a rupe from the bannister. The rope

much to raise the gold value of the dollar a liated with festoons of flowers worked into was produced. Witness then sent for the police

prevent softthondensaaks o pretty patterns on a background of greenery and the body was cut down and removed. Here and there at the entrance to the chief corti enhance the effect, and the scheme of decoration as a whole proved extremely happy and picturesque. It was all done by the der pupils under the tasteful superintendence of The Sisters, and reflected the utmost credit on all who took part in what, was quite clearly a labour of love.

|

price of silver need not trouble Government, H appears to me to be the one question which has hitherto dictated the action of Goverment

in my opinion rightly so.

THE PRICE OF SILVER, 18 OF NO ACCOUNT

As regards the Americas Philippino peso, the American report already referred to deals thus with the question I am not concerned in advocating the scheme

"Indeed it is within the bounds of possibility as best suited for us, nor do I say our position that the price of silver should raise again above distinctly pointed out at least two important the present coining ratio of 32.25.10 1, so that is the same as the Indian. Un the contrary 164.1 cents (ie: 3980), per or, its nominal value

| a sale margin for such a mote/76Argoli was given 28 hours to visare"}

Your correspondent asks how long it will

4;

came

'dora and balls art, muslin was requisitioned to Decrased was of à very melancholy dispositio differences which might prove fatal to the suc- the now pesos would be wonh'more as bullion take to contract the currency, before fixity Isoverland to this country will you be good

was that we are committed to the scheme, than as cain. In that event the whole scheme feasible. In answer it depends partly upon Genami Macarthur Dr, General; Otis; who}.

the other gnths past had been suffering.

and for two

and very jealous of any attention being paid acess of the scheine. What, however, I did say She had never been so whether for good or ill, and that no scheme can be sucessful if it is not persevered with, especially a scheme like this which essentially adopted and if it is to be followed, as has born demands time. The Indian model has been apparently laid down, then we must have larger margin than 5 per cent between the silver and the exchange values of the dollar for safety's sake. Does anyone consider 5 per cent to be a safe margin for a token coin made of a metal liable to sudden and violent fluctus

from malarial fever, and bad been attended by a doctor. Witness did not know of any in- ternal complaint. Deceased told one of the girls she wanted to die..

Miss Norah Hollis, assistant to Miss.George At 6 am. Bishop Pozzoni celebrated mass in the Chapel of Our Lady of Sorrows at the Concorroborated the last witness in every detail. vent. The day-scholars were accommodated Kowloon Mortuary, said that on the 23xd ult

Dr. W. Moore, surgeon in charge of the with sonts in the gallery, the boarders sat in the nave, while the Sisters occupied the rear he examined the dead body of a Chinese fe benches in the body of the Chapel. Hare also male, who was identified in his presence by the floral decorations were very beautiful. The Miss George. Death was due to asphyxia.

Tang Min, no inmate of the Victoria Or service was short and impressive. The chapel, which is dedicated to Our Lady of Lourdes, phanage, said she had been in the institution was thrown open for the occasion and provided seven years. She knew the deceased, but was a wonderfully chaste picture, the decorations not a friend of hers. She never heard deceas- ed say anything about wanting to die,Another enhancing the bright scene.

At ten o'clock in the forenoon, the scholars girl, an inmate of the institution, said she knew were marshailed, a battalion of little boys who the deceased he never told witness the paraded in the quadrangle looking as brave and wanted to die; she had been there six years Kay as could be desired. The girls also, from the smallest upwards, were arrayed in festive attire, ready to smile amiably and decorously to all-comers. One of the features of the assemblage was the attendance of several of Bishop Pazzoni's young friends from the main Innd. There were two or three Chinesa girls who had been calechists under the Bishop (before his consecration) while he laboured in the Interior, and they were dressed in. somewhat peculiar C Chinese costume, wearing a" curious, crown twined with dowers on their heads.

Bishop Pazzoni was accompanied by the Right Rev. John Menecetti, Bishop of Tami | | the Right Rev. Dr. Clemente, Bishop of Angila; and the Right Rev. Dr. Morel, Bishop of Dicisin, and a number of priests. His Lordship was enthusiastically received by all present. The Chinese children sang hymns of welcome and the elder scholars recited Italian poems, which recalled the virtues of the late Bishop Piazzoli and honoured his successer, Bishop Pozzoni on his consecration. The Programme of music and recitations was not very romarkably well

but it was exceedingly characteristic and

done. Bishop Pozzají was presented with an iHuminated scroll con

a manuscript welcome in Italian.verse. the work of iluminating the BRY, scroll had been most artistically performed. His Lordship expressed has thanks to the Sisters and the children for their kind reception and trusted that he would. have occasion to meet them frequently in the future.

The proceedings were in every way enjoy, able, none being more pleased with themselves than the little ones who had helped to make the function a success

I

WHANGPU CONSERVANCY.

|

The jury returned a verdict of "suicide dur ing a fi of temporary insanity."

SPORT IN HONGKONG."

10.5 am:

A FOOLHARDY FEAT.

The

Sport begins now, cricket, fantball, yachting, and so forth i those who have been complaining of the wannth and yearning for the cool, are tending themselves with violent exercise, to show bow pleased they are the heat has passed. Talking of sport and exercise, a most foot- hardy feat, has just been accomplished by a young man here, says the Hongkong cories pondent of the M. C. D. Neur, in his letter, duted the 16th ult. It arose, as such things usually do, firm a brag, and a bet. He un- dertook, to walk up the "eak. When it was seen that he was in earnest, and not to be dis sunded, the young man's friends mude all arrangements that were possible to minimise the risks. Pacemakers, with double relays of chair coolies, were assigned to the differant medical stages, each detachment having a man with is, The stay) was made at 10 aim. a few days ago, the rash man making a light defeam he was in a profuse perspiration, but and a cocktail. At

as his pulse was normal, the doctor refused to forbid the attempt, and the climb continued. A1 10.14 a halt was called, and whisky and milk was administered through a tube, the hero smiling faintly, and admitting that the strain was more than he had bargained for. next two stages, approximately 132 mm. higher, were covered in grim silence, and the spectators following in chairs gated with sincere admiration at the lightning-like play of muscle under the skin of satin, that has made Ilongkong what it is terday, fitat in the The agreement of the Whangpu Conservancy spor s field, first at pin, pnng, and first in the Board proposed by Ching and en tossed by the hearts of its countrywomen. Far below, the Diplomatic Body was, after a long delay and crowded barbour could dimly be seen through discussion, signed on the 27th September and the Naval yard smoke, and it was strange to the River Whangpu will now be properly im proved. We (Shanghai Afercury) do not have effect that the humdrum business of the port could proceed while such gallant efforts were the text of the Agreement before us, but so far being made to uphold the Empire's honour and at we can ascertain the improve supervision The climber had by now passed the worst,

to put to shame the scarsal-loving Kipling. Whangpu will be under the joint of the Shanghai Thotai and Commissioner of length of concrete worn smooth by genera Imperial Chinese Maritime Customs in Shang tions of coolie trilbies, and the road bend hai and the expenses thereol will be defrayed ing round toward one of the tram stations, it by the Chinese Government at the rate of 450% was soon seen that the news of the attempt had oop taels per annum for twenty years, the in: | leaked out. There was a cheering crowd as- come of opium taxes of Szechuan and of Hsu sembled to watch the final and most difficult Chow-fu of Kiangsu being the security. The stage. The climber was now staggering slight naw Conservancy Board will have the control 1y, his eyes fixed and glassy, but the splendid of river police, fighthouses, lightship, pilots, 18g staf did their work. Left foot foremost

legs buoys and quarantine while it retains the right right swings wearily up to it: passes it: tou

giving permission to build hulks, docks, ches ground: left lifts: swings after; one two, is also stipulated that the new one, two. At 11.39 a despicable attempt was Jetties, etc. Conservancy Board has the right to replace mude to stop the hern, but it is believed that it private anchorage by public unchorage. The was quite unofficial, and the community is Board has also the right to buy necessary and quiet. There has been no rioting. Two cool and sell the land reclaimed The value of the ies with a chair addressed the champion, ut- land to be appropriated will be decided by a tering only one word, the word "chair?" in commission consisting of three persohe,,nama- terrogatively, For a moment he stopped, and ly, one nominated by Tanial and Customs seemed to be thinking, and a murmur arose from Commissioner, second by the consul where the spectators, Hasilly recovering from the presents the nationality of the landowner, and trance into which the mermeric word had third by the senior consul, and when the consul. thrown him, he passed bin hand once, twice, who represents the landowner's nationality is

across his forehead, and then sprang forward, senior contul the second oldest consul will do upward, ashamed of the momentary weakness. minate the third Commissioner.

There was a long dispute on the point whe. Only stopping long enough to throw the two coolies over a cliff into a deep nullah, the ther the value of the land to be appropriated crow

cheering frantically. The crowd followed, now from the Chinese decided by the above Comair at that altitude was appreciably cooler, and mission or the Board. Finally, however, it was the perspiration seemed to have diminished. decided that the Board fix the valus, of Chin The end was near. One more application of

of

be

of the

tiona

It

of monetary transformation would fall through. twas in anticipation of some auch contingency that Mr. Conánt advocated lowering the stand- ard of the new coin to 6,815 instead of 0.900 so them until the price of silver rose above 75 that it would not be profitable to melt or export ceals per or."

sand pine Islanda); Ongaccount of siy

with the Telephone, Committed in siz

for China, not being quite sure they had not the slightest suspicion I was the author of the dead.

Americans would suspect. I steamers after arriving at Shanghai enough to forward a copy of the latter.

think that this would clear up the mystery. then Governor of the Pil, at that lims. have myself informed Ciplain Ingleton's rela

rage on the spur of the moment with the tive on the matter; la desply regrets! memo.

**s should have happened. It was done in a fit of

Manila"authorities to be informed, whether

what action Government may take in calling in their balances. Independently of this the trade of the Colony has enormously increased dur ing the last ten years and appears to be will randum which he submitted to the Currency increasing Mr T. B. Whitehead In

Committee stated, from figures which sus: Your correspondent seems to think that fixity will hasten the process of contraction. Why? pact were obtained in Singapore, that the an The scheme is to oblain fixity first by contracal excess of import of Treasure into the Lee. If the price of silver rose materially above 1st December 1905 averaged 81,585,808 Given Straits during the twenty-one years anding his rate of 2/1, no doubt every available dollar that his data were correct and that the currency

was not redundant we may expect this to be measure of non-expansion of the currency year by the prohibition to import dollars.

bhasa by year brought about

L'observe that the total imports of treasure exceeded the total exports for the twenty one years by 33 millions. We had at any rate that stock to go on with, if not perhaps another 10 millions into the bargain.

would, leave the Colony or be melted dowo within it, and we should certainly have contrac-

what he wants?.

'Such at any rate are the aspects of the ques- tion they present themselves to me, but if my reasoning is false and if there are other factors which can be brought forward to throw light upon the question, 1 shall, in common with all others interested in it, be only too glad

... FIXITY OF EXCHANGE. Your correspondent argues that gold is ap: preciating. This is not, however, an universal who of the currency with a vengeance. Is this view for in face of the increased gold output. of the world some people expect that metal will depreciate, in other words the price of silver will go up; and if to 31d, again; where would our currency be on a 2/1 basis? I observe in a very interesting report on the introduction of the gold exchange standard into various silver_uling countries, submitted last year to the Government of the United States, the following percentages of production gold and silver by value-

Gold Silver

1891/1

44:4

556

1896

49.9

50.1

1897

$1.2

46.8

1898

56.8

43.2

1899

$8.5

41.5

1900

53.2

45.8

1901

52.7

47.3

58.7 59.5

1901 1903

40.4

It would thus appear as if mere gold were

being produced year by year, and less silver in proporting. The tendency would therefore be for the price of silver to rise in relation to gold. Fixty of exchange by the scheme is to be brought about by the issue by Government of dollars in exchange for gold at a pale to be fixed by them. When sufficient gold has been accumulated the reverse transaction will be come possible. Your correspondent takes the of forward silver, but if the rate is fixed price of now

it would be the price of ready silver which Government would have to calculate upou This I see is quoted in your paper at 25 of barely 17, on the rate property be called which is equal to 2/0 for the dollar, or a margin correspondent, and this can hardly be sale.

If the Indian model is to be followed, and if the rate is to be fixed now, it will surely have to be considerably higher, in order to ensure a sufficient margin of safety. If, however, silver falls as your correspondent expects then his rate may become possible bye and bye.

DEMAND FOR DOLLARS;

them to fix their

Price

now

The price of the dollar is to be fixed by the laws of supply and demand. The Government have taken the supply into their own hands, and are to regulate it by sales. at their own price, provided the demand comes. To urge is in my opinion, at. I believe in the opinion of the majority of the Committee, igalemount to asking them to name a rate much higher than that now

probably shall hear, as they did in India ter visable to wait patiently. We may, and dismal prognostications of failure and disaster. That we must put up with.

The question really turns upon the demand for dollars, which will enable Government to fix their rate, or in other words contract the currency 10.A safe paint. In this connection let us remember that the Indian export trade exceeds the import, and this was one of the secrets of the success of their conversion scheme. Is it so with us? In 1892 the figures WOTO-

Gold coustries Totals

Silver countries

|

to hear them.

September 25, 1905, **

The following contribution to the discussion on currency, dealing more particularly with points in Mr. W. H. Shelford's letter, is for warded by the member of the Singapore Cham- ber of Commerce to the Free Prest who sent in the previous contribution that was discussed by Mr. Shelford :-

The scheme is to maintain the rate by stop ping additions to this stock till a cortolo' rate. has been reached. To name a rate which may be exceeded by the silvet value would probably mean the collapse of the scheme. Mba

If silver continues to rise the dollar must advance with it in order to escape the melting point, and its advance will be accelerated by the non-expansion of the currency. This con tingency may well give ve fond for thought. but tribulation worketh patience and pati ence and experience,

kone."

Tha

As regards the present or future of silver we

manipulation of exchange by may leave it for the time. I have already bankers does not appear to me to pecessarily stated that no oɛe can predict with any degree mean contraction of currency, an I am unable

reliability its future, even whether the in- to answer the last question put by your core ol created output of gold will tend to raise or pondent. Hahna adorned his tale and pointed luwer the price of hi Mr. Shelford says:his inoral by instancing some bygone opere The Indian model has been adopted and if ions in China. The gentleman in question it is to be followed, as has apparently been appears to have been disinised for getting the lald down, then we must have a larger margin better of his competitors, which we all know than 5%," Against this I say that the circum-‡ to be a crime in this Colony,—Your faithfully, stances under which the Straits_and_India

W. H. SHELFORD, Are situated are so totally different that

September 27, 1905, it would be gross presumption for us to try to adopt their model, and if we do so our

will have a pride

fall. At regards 5% as a margin, it is more than sufficient if it can be maintained... have already given figuren relating to the price of silver for the past ten years and I would now add that as regards the

T price

of silver. going above the rate fixed, as the Government will not allow the export of Straits dollars, these dollars would have to be melted and exported in the shape of bar silver in the process of which they would lose 1% of their former value. So that with silver at 291 which gives us the dollar at 2/1 the price of silver would have to go over 19 13/16 before would pay to export. As examples for this country to adopt, the conditions existing in Manila and Japan are much more in unison with ours, than we are with India; not that I wish to compare these countries with the Straits.

Mr. Shello d appears to argue that to obtain a suitable rate for fixity it is necessary to con tract our currency and thereby force up ex- change. I say it is not necessary, and it in very undesirable. Contraction does not neces

only an hal here to not circulate, the Colony, but that they do reason why they do not circulate to the bad- ness of trade generally, and the want fence owing to the uncertainty regarding the value of the dollar, How can currency become contracted? Some will may by the ordinary rules of supply and dem ind, which is doubtless correct to some extent. The chief factors

Art-

con

dollar is allowed to circulate.

(1) Increasing the area in which the Straits

(2) General increase in population. (3) Improvements in the trade facilities and encouragement of the employment of capilt! from outside.

1) Manipulation in exchange of a purely

(includg, India and Burma) Imporis $16,432,000 $57,946,000 $104,378,000 || speculative character. Rxhorts 33,394,000 72,159,000. 104,353,000

$78,826,000 $130,105,000 $208,931,000 In 1904 the figures were t Imports $169,630,000 $167,430,000 $337,060,000 Exports 80,835,00 184,317,000. 265,157,000

!..

.70 ASSASSINATE OFFICIALS.

"IN CANTON,

AN OLD PLOT REVIVED.

blow

there is any one else got lato trouble for the

jury retamed a verdict crime may God forgive me. (8d.) A. Booth,

cyanide of potassium polsoning, and expressed

5th Septembering Nud

of suicide by the opinion that strict rules should be framed for the guidance of police officers when search. Ing's prisonersta

"LADY "BLAKE,

AN APPRECIATION,V

It is in no mere fdrinal manner. and with pa pendant), to-day bid: am revoir to Their degree of affection that wo: (Ceylon Inde Excellencias, Sir Henry and Lady Blake forlough, ewing to privato reasons into which who leave Ceylon on three months

it

would be presumption to obtrude. Strictly speaking, we are not correct in coupling har Ladyship with the Governor's holiday, but Lady Blike has so identified herself with her husband in all good works, hat manifested such. complete sympathy with the aims and aspiran that we may tions of the people of this Colony, be forgiven our little breach of

etiquette the wife of the Governor is a cypher cially, without any offcial landing, apart from har husband. Considering the possibilities of good that exist and the zealous manner in which, generally speaking, the wife, of the Goverver applies herself to improving the existing copy/) ditions amongst her own sex it is time that; then wife of a Colonial Governor received some offli 'cial recognition of her acts and drew a separate; salary for the word she does Lady Havelock, Lady Ridgeway and Lady Hlako bave ali sara.”

of this ed the deep gratitude of the women: country by their sympathy and by their efforts, to unite the different, communities have attempts may have; but "" måter with, butz, partial success in the past, but the fault has not been on the side of the Governors, siriven as anergetically as sny of her prede.. wife.

To Lady Blake, therefore, who has

mony and who has set such a bright example. cessors to bring about greater unison and bary, to laster luminaries in Socialy, we say good. bye with feelings of very cordial appreciation: for the useful work she has accomplished dur

Writing from Canton on the 3rd inst a co respondent say—The Hongkong Telegraph of Oct. and contained a news item to the effect that news had been received in Shanghai that the military authorities had arrested a man dressed in foreign clothes who is concerned in a plot to assassinate some officials. Perhaps this paragraph tras reference to the rumours in the year and nine months that her Lady circulation in Canton during the past few days ship has been in this island. Har intuency The rumours are concerned with one of the always been exerted for good, she has done.

ber best to encourage those interests and ins men arrested in connection with the vile

dustries which properly fall within a woman's of placards put up at the time or an Ma, domain and by her charm of manny Chich:99 t party. The name of this man is Ma, and hostess and breadth of sympathy which ag he belongs in one of the missions in Canton.

racial distinctions could narrow, Lady Blakk Within a few days it has been stated that the

has attained a popularity wherever she bis gona real charge against this man is that he was im and few Governors! wives have travelled, co plicated in the attempt to

up the Gover nor't yamon several years ago. I think extensively that cannot, but be a source of

great satisfacilón to her and to Sir Henry Blakes connection with that plot Bat-thie-officials Wechipe to see her Ladyship return it in

Excellency on knew that there were many more concerned in i will greatly benefit in health by the brist the attempt to assassinate the Governor. The man who was caught wat called St King Uchange of climate and: scenery which she is

shortly to enjoy. He was tortured, but refined to give away" hli friends. He was promised a light punish- ment if he would give the names of the other conspirators, but he went to death. faithful to his friends. At that time n goodly number of reformers found it: very convenient to live in Hongkong and Macao. It was months after the affair befors MADY of them returned. The officials have not forgot- ten the movement, and have been on the watch all along. Now it is said that this man Ma has given away a good many reformers and amon the number, several who were implicated in the plot a number of years ago. Whether there is any truth in the rumours or not, it is certain that there are a few of the advanced thinkers who are not vary ony in their minds at the present time. If the Viceroy gets on the track if there men he will make it hot for a By good many

JAPANESE SHIPPIN

DISASTERS.

THE COMMAND OF STEAMERS;

The skipplog disasters to Japanono vassals which have been unpleasantly frequent during the last few months are attributed by some to the appointment of men of small experience to- the command of sisamers. The acquisition by Japan of a large number of steamari folnce the s outbreak of the war has resulted in the scarcity of properly trained seamen, and certified ome cers are now said to be paid nearly double the salary obtained before the ware Stil they ply can hardly meet the growing demand consequenen being that man of compara

experience ars appointed to ret

-It in this state of admira THE NAMING OF THE TREATY counts for the frequency of dis

attended i in some cases with distressing loss.

MORE FACILITIER FOR TRAINING relation to the case the

Then of course there is the possibility of the dollar being melted. Government will not allow the export of Straits dollars except to a few places such as Borneo, Dell and Puket There was a slight contraction last. Chinese new year when $1,400,000 went to China owing to exchange being temporarily above ours. The Government however stopped further ex posta. Probably half of these coins have now returned to the Colony. Borneo has so far taken very little. The Dell Tobacco Planters have taken about $1,000,000, which it is more throughout thisted Beater marke & cor-

There appears to be considerable disauthorities are being urged to give more than the Colony respondent to unless the Government do something very soon the end of the way, which is hoped it faciliter (ban Flores catamaran) for to make the dollar stable (See the papers) ba negotiated b

d between the plenipotentiaries of ccording to latest statistics the population Russia and

and import trades are very bad.. On the other cause the negotiations are to be made at

$350,465,000 $355747,000 $602,212,000 They are worth considering and watching..

CONTRACTION OF CURRENCY, et Now what do we mean by the expression "contraction of currency Sir David Barbour is, 6 men of large Indian experience and pro- Jo awned land. Another question was whethe tuba-fitted flask, n few flicks of the ment had là'its hands of bringing it about. The it was decided that both Chinese and for extended to catch, the fainting form that stage | with the Presidency Banks and the withdrawal | is not loʻreasing greatly, and both the exporte and Japan,licPortsmouth maintains for instance, placing some of the ships

note made of the pulse (it was now 96), and

a

towel, & ther priar right over aluvial land be given in Chinese, similar to foreign landowners, and fast stage was attacked. Willing arms were Government of India have balances at all times

eigners have equal rights. The improvement gered blindly across the goal, the bar entrance of these, together with suspansion or limita works will be commenced three months after of the Peak Boici, and a dozen stop watches tion of the issue of Council' Bill, be appointed and dismissed by the Board, but the approval of a majority of the diplomatic 3h 8m. 42eci body is made necesaniy. The Consular

ad

body

I hear since, on the best authority, that de

large

amount

Jowell

don

ed during the war at the disp

be called the treaty of Portsmouths, be Interested for the purpose of

be the Malae penple, therefore

signing of the agreement, The engineers may clicked, The thing had been done. Time: bean the moal potent factor for me bare hand there is a entail amount of foreign capital | Fortsmouth Navy Yard, but the N WARDEN DAS When

For for bringing about coming in for the development of Rubber; 1 fact, is at Kittering, in the fate of dialon, and The Apps now poder s The other contraction.

argue that it number upon contraction are the actors that also bear i would like to ask to. Shelford how long

d the treaty of Xktering. Ve Government AF interport colnago that is melted in India Inzilver estimates it will take before the currency is hauld be called-1

DI contracted for fixity to be feasibio Castle,, it laanid, has already put in a claim, scarcity of searion, will:! and ornaments, and the known habita

to his way of thinking.If li isto" and yet others hold that it should Navy! of doubtmobi Amy AU

be named ikan at present, and the appe natives of hoarding and burying the coin. be ruled by ordinary supply and demand it the treaty of Pisataurus, becative

take years, and the longer it takes the || Yar

the Yard is on the river of that same on through cation of dinge here. We are left then only with the questions more the

of the Colony will be sapped. Now However,

lot London

don offer morrastion

A let it be calle of Government balances with the Banks

ing instance will show. A bank maungar ined tha

And nothing else omcars of the steamers belongin thays

spite all rumours to the contrary, no serious in Shanghai has the right to propose to dis

to dismiss consequences are anticipated. This morning, engineers if the Consular body thinks the en: indeed, the champion walker (whose came, by report upon the works and expenses thereof to recorded some times on the magazine page of the Consular body every three months. By this agreement, the annex to Article XVII. of the Daily Mail, is Walker) was able to sit up

figor is cancelled. Such is and taken notice.. the Peace Protocol of i

gineers unfit for the work, The Board must one of these curious colacidences that you find Neither of the two factors'last named operate | majke vitamin = quicker way as the follow» The GlobaŃ If t

the gist of the new agreement as far as we are

able to ascertain. "Tho matter has been en- firely decided by the diplomatic body in Poking and Chinese authorities, and the Shang. hal public bodies have not been consulted at all although the subject bas such an important interest to Shanghai.

PROAREN forgimy cistion en puing on them to

China some years ago when tha; Mexican EUROPEAN BJ kiriwas from2Wi: Vind exercise; roster Precaution

these been withdrawn with a view to 'contrac- tion? Have the Government called in any part Chi of their balances? The reply

then tell me not too plentiful, sold largely above his possible requirements; and thereby accumulated all the

want the offer of President

By virtue of the Ordinance isdaed soon after anfoly say is "No," Can anybodeink, I can dollar, was the currency, and when the Catulele rood onces in the Inza.iting of their hipr

the outbreak of the disturbances in Tokio, az newspapers have been so far suspended. Of this number, says the Japan Chronicis, of the and alt, nine are published in Tokio and thirteen in the provinces. All the journals first suspended have been released, but'frs are un- FOREIGNERS have contributed a good propor, der the ban for the second time. The suspen tion of the subscriptions received by the Redslons, bowever, have not been paarly so nume. rous as after the retrocession of Liaotung Cross Society in Japan The tiital amount com tributed since the ombreak of the war in 1895, bien no less than 3rd newspapers ¥850,000, and of this no less than Y350,000 is were suspended for comments upon the Goy.

ernment, Padvan by foreigners,

beri

how the contraction that is said to have taken place has been brought about? There is a dollars in the place. When the merchants had of an arrangement of terms of peace Tiff feature in the currency of coin which is some to sell their bills to pay for the produca

ship

would be proper and logical instay apart By the times called contraction, bat which cannot be ped; he would: not buy, except at twopence from this 1. lll save the unfortunate school. daynighi strictly regarded as such, and it is necessary to above the current rate. The merchants had to master of the future endless tropble in explains Colony distinguish. When trade is call and but little accept this rate as none of the other banks bading that the scene of the megausiDAT business la pasting, money often lles Idle, add the dollars to pay for bilishe directors of Portsmouth USA and not Fortsmouth is to be had cheap, When, however, trade the bank dismissed this managar for obvious land that Newchile(15) and Terives and a large business passing, then reason, Bat would Mr. Shelord recommend a weland i thirr

obtain contract

action not the comply there is greater demand for currency and'it a similar manipulation to o becomes deares, and we hear of stringency and which he thinks so necessary in connection, that, the Govern lightness of the money market, but this is not i'wlib'a fixity of the dollarsPandey

1,thing to do with

matter st