Shipping Steamers.
THE
OCEAN STEAMSHIP CO., LD.
AND
HONGKONG TELEGRAPH MONDAY, SEPTEMBER 3 1906.
CHINA MUTUAL STEAM. NAV. CO., LD.
JOINT SERVICES.
FORTNIGHTLY SAILINGS FOR LONDON AND CONTINENT. MONTHLY SAILINGS FOR LIVERPOOL.
PAKING GARGO ON THROUGH BILLS OF LADING FOR ALL EUROPEAN, NORTH AND SOUTH AMERICAN, WEST AUSTRALIAN, JAVA
FIOM.
AND SUMATRA PORTS.
EUROPEAN
GLASCOW and LIVERPOOL GLASCOW and LIVERPOOL
GLASGOW and LIVERPOOL
GLASGOW and LIVERPOOL
HERVICE...
OUTWARD,
STEAMERS "MOYUNE " **AGAMEMNON
BUE
13th September.
13th
H
2018
17th
#1
.27th
H
GLASGOW and LIVERPOOL..........
FOR
"CALCHAS",
*MENELAUS
"NINGCHOW
HOMEWARD,
STEAMERS
* DHOMED* "PELEUS
LONDON, AMSTERDAM & ANTWERP GENOA, MARSEILLES & LPOOL LONDON, AMSTERDAM & ANTWERP "CYCLOPS "..
HAVRE, ROTTERDAM & I/POOL "KINTUCK" t.......
Taking Cargo for Liverpool at London Rates..
Via Dangkok.
TO SAIL
.....1th September.
TRANS-PACIFIC SERVICEF
OPERATING IN CONJUNCTION WITH
..20th
..251k -30th
THE NORTHERN PACIFIC RAILWAY CO.
AND TAKING CARGO ON THROUGH BILLS OF LADING TO ALL OVERLAND COMMON POINTS IN THE UNITED STATES · OF AMERICA AND CANADA.
FOR
#ком
EASTWARD.
STEAMER
TO SAIL
29th September.
STEAMER
DUR
VICTORIA, SEATTLE, TACOMA,, and)
3. PACIFIC COAST PORTS, "SINGCHOW" NAGASAKI, KUBE and YOKOHAMA)
WESTWARD.
TACUMA, SEATTLE, VICTÒRIA and? «STENTOR"
PACIFIC COAST.........
8th September,"
The 5.5. "Stentor," from Pacific Ports, left Kobe on the 31st ultimo for this poet, via Moji and Nagasaki, and is due on or about the 8th instant.
For Freight, apply to
Hongkong, 3rd September, 1906.
CHINA NAVIGATION CO..
STEAMERS.
}
Shipping Steamers.
HAMBURG-AMERIKA
STEAMERS. SUEVIA
SEGOVIA BRISGAVIA
HABSBURG
LINIE
EAST ASIATIC, SERVICE,
HOME LINE
OUTWARD.
DESTINATIONS,
YOKOHAMA AND KOBE....
KOBE AND YOKOHAMA...........
.SHANGHAI, YOKOHAMA AND KOBE...... ....................SHANGHAI, YOKOHAMA AND KOBE...... SITHONIA.............SHANGHAI, YOKOHAMA AND KOBE....
C. FERD, LAEISZ ...SHANGHAI, YOKOHAMA AND KOBE....
*SILESIA.....................
Capt. Bahlo...ray cake HELVETIA ........................
Capt. Neumann......... {
* SCANDIA...
.......
Capt. v. Döhren.........
LIBERIA
Kier..........
SENEGAMBIA,
Capt. Peter ...... SEGOVIA..............
Capt. Schoenfeldt...
• HABSBURG,
Capt. Filler.
BRISGAVIA
SITHONIA
Brehmer
RHENANIA........
von Hoff
{
HOMEWARD.
NAPLES, HAVRE, BREMEN and HAMBURG. Vin SINGAPORE, PENANG and Colombo
HAVRE and HAMBURG,
TO SALL,
5th September. ...13th September.
Via SINGAPORE, PENANG and COLOMBO NAPLES, HAVRE, ANTWERP & HAMBURG, Via SINGAPORE, PENANG and COLOMBO HAVRE and HAMBURG,
Via SINGAPORE, Penang and COLOMEO HAVRE and HAMBURG,
Via SINGAPORE, PENANG and COLOMBO HAVRE, BREMEN and HAMBURG, Via SINGAPORE, PENANG and COLOMBO NAPLES, HAVRE and HAMBURG, Vio SINGAPOre, Penano and COLOMNO HAVRE and HAMBURG,
Via SINGAPORE, PENANG and COLOMBO HAVRE and HAMBURG, VIR SINGAPORE, PENANG and COLOMNU HAVRE and HAMBURG,
VIA SINGAPORE, PENANG and Colono
J
28th September. ..29th September, 14th October. 28th October.
6th September.
roth September..
zoth September.
22nd September
2nd October.
} 16th October.
30th October.
13th November.
27th November.
11th December.
To Let,
TO LET.
ROUND FLOOR, No. 4, De Vaux Road, now occupied by Madam Jays, suitable for Banking Office. It provides a good strong room also.
SECOND FLOOR of No. 5, Queen's Road Central, known as "Victoria Building" con taining deveral Large Rooms,suitable for Offices.
TWO LARGE ROOMS and TWO SMALL ROUMS in No. 2, ice Hours Street, suitable
for Offices.
ONE ROOM and BATHROOM in College Chambers, No. 31. Wyndham Street.
No. 5, Peddar's Hill, 5-ROMED DWELL, ING HOUSE with Servants' Quarters.
DAVID SASSOON & Co., LIMITED, Hengkong, 29th August, 1906.
No
TO LET.
"HILLSIDE," THE PEAK.
(874
A HOUSE in Wong-NEI-CHONG ROAD. OFFICES in KINO'S BUILDING and
YORK BUILDING.
GODOWNS'on PRAYA EAST.
A HOUSE in CLIFTON GARDENS, 'Con
duit Road.
A HOUSE in RIPON TERRACE. FI ATS in MORETON TERRACE,
pply -
THE HONGKONG LAND INVEST MENT & AGENCY CO.Ên." Ho p. 28th August, 1
*This steamer, specially built for the tropics, has splendid accommodation for first class passengers. Very large, well ventilated cabins, each provided with two beds (no bunks), table, two wardrobes, two washstands, electric fans, etc., large elegantly furnished saloons,ODOWN,
smoking room, etc. •
The steamer is lighted throughout by electricity and carries Doctor, Stewardess and Washerman.
The "RHENANIA" is to run regularly from Yokohama, Kobe, Shanghai, Hongkong, Singapore, Peaang and Colombo to Suez, Port Said, Naples, Havre and Hamburg, to be followed by s.s." HABSBURG," sa " HOHENSTAUFEN," 3.3. "SCANDIA," and s.s. "Silesia,"
1
· COAST SERVICE KOWLOON......SHANGHAI AND CHINKIANG.......... Freight and Passengers.
Taking Cargo at through rates to Tsingtao and Chemulpo. Vor Freight and Passage, apu'e ta'
TO LET.
· 172
No. 3 NEW PRAVA, Kennedy
Town.
Apply to--
THE HONGKONG LAND INVEST- WENT & AGENCY CO., LD. Rongkong, 1st August, 1966.
TO LET.
(795
HOUSE KNUTSFORD TEKRACE,
KOWLOON.
Apply to-
HAMBURG AMERIKA LINIK
A
7
1
BUTTERFIELD & SWIRE, ÁGENTS.
[1
For steamers of the Coast Service marked to
Nungkong, 3rd September. 19h.
STEMSSEN &.co.
LIMITED.
FOR
TO SAUL
SHANGHAI and CHINKLANG
MANILA
TIENTSIN" t.. "TAMING "*
4th September.
4th
NINGPO and SHANGHAL.
"KIUKIANG '†
Sth
TIENTSIN
** HUICHOW" !...
7th
CHEFOO and NEWCHWANG..
*KWEIYANG "†
8th
SHANGHAI.............................
"YOOHOW".
8th
MANILA mi
"TEAN"
11th
"CHANGSHA ***
5th October.
MANILA, ZAMBOANGA,, PORT DAR-Y WIN, THURSDAY ISLAND, COOK- TOWN,
CAIRNS,
TOWNSVILLE,
BRISBANE, SYDNEY & MELBOURNE
+ Taking Cargo on through Buis, of Lading to all Yangisze and Northern China Ports.
• The Attention of Passengers is directed to the Superior Accommodation offered by these steamers, which are fitted throughout with Electra Light qualified Surgeon is carried.
Ports.
Dorvalles table. A duly
Taking Cargo and Passengers at through Rans for all New Zealand and other Australian
For Freight of Passage, apply to
Hongkong, 3rd September, '13-0
BUTTERFIELD & SWIRE,
HONGKONG
AUENTS.
[654
INDO-CHINA STEAM NAVIGATION CO., LD.
(PROJECTED SAILINGS FROM HONGKONG-SUBJECT TO ALTERATION),
For
YGAPORE, PENANG & CALCUTTA.NAMSANG *
SHANGHAI
MANILA...
Steamship
Qa
„TUESDAY, 4th Sepi,, 1 P.M. HANGSANG ↑ .......FRIDAY, 7th Sept., 4 P.M. LOONGSANG.......FRIDAY, 7th Sept., 4 P.M.
• These Steamers have superior accommodation for First-class Passengers, and are fitted
throughom with Electric Light.
'THE HONGKONG LAND INVEST-
MENT & AGENCY CO. LI...
1784 Hongkong, 31st July, 196.
„SHAMEEN, CANTOY,
TO LET
NO WEST END TERRACE
Apply w-
THE HONGKONG LAND INVEST- MENT & AGE (CY CO. LD. Hongkong, 5th July, 1906:
TO LET."
1703
THE PHILIPPINE PESO.
KEASONS FOR RE-COINAGE.
[Continued from page 3.]
The necessity of abandoning silver as a standard coin together with the necessity of its continued use to supply a sufficient quantity of currency brought into prominence a neglected principle of monetary science which had been foreshadowed in the writings of Ricardo, the celebrated English economist. So long as nature had been left to set the limit ba the amount of the precious metals coined, and the limit thus iet worked fairly well, Bule thought was given to the question of the relation be tween the supply of the metals and the valus of" the currency coined therefrom. It was then seen very clearly that many of the economic disturbances in the past were in part due to the sudden changes in the supply of the pre- Cious metals whereas they had been attributed
to other forces.
In the light of this new principle, that the value of money like other commodities is mea- sured by its supply, it was then proposed to make gold the sole standard of value, for the price of gold had 'remained constant, despite the considerably increased production of that metal. At the same time in order to supply a sufficient quantity of money with which to meet the needs of business, silver coint of the same size and denominations as formerly were used. The value of these coins was fixed, not
on the basis of their silver content, but as a definite proportion of the standard gold coin of the country and its value_kep............ constant at that proportion by regulating artificially its supply. As, for example, the United States silver dollar still continues to represent the exact value of a gold dollar though the value of its silver content is only about half the value of a gold dollar. its valus is kept constant by limiting the supply of them and being willing at all times to exchange a gold dollar for a silver dollar.
One of the firstlierious problems that pre- sented itself to the Philippine Commission was the establishment of new currency system for the Islands which should embody the ei sential element of a stable standard of value. The indostues of the Islands like those of all other silver standard countries were prostried from the effects of a fluctuating standard of value. It was evident that gold could form so part of our currency, owing to the facility with which gold is absorbed by the Astatius. Some what of a departure must therefore be made from the crdinary gold, standard as in use in other countries. To meet the new cou- ditions a theoretical gold peso was devised to contain so many, grains of fine gold equivalent to one half the value of the United States gold dollar and the 'Islazda
Taking Cargo on through Bills of Lading to Chefon, Tientsin, Newchwang and Yangisze Pons, TWO GULOWNS at 1st Point, clost to supplied with a suficient quantity of standard
For Freight or Passage, apply to
JARDINE, MATHESON & CO.,
[6
ед
Hongkong, 3rd September, 1900,
TOYO KISEN KAISHA.
SOUTH AMERICAN LINE.
-MANILA.
Highest Class, newest, fastest and most luxurious Steamers between Hongkong and Manila.-Saloon amidships-Electric Light-Perfect Cuisine-Surgeon and Stewardess carried. -All the moit up-to-date arrangements for comfort of Passengers..
CHINA AND MANILA
STEAMSHIP COMPANY, LIMITED.
Steamship.
Tont
ROBL
ZAFIRO
1540
*********.. 2540
Captain,
For
Sailing Dates.
R. Almond..... | MANILA (DIRECT) SATURDAY, 8th Sep.,
at Noon. SATURDAY, 15th Sept. R. Rodger
a Noob.
For Freight ar l'assage, apply ta
Hongkong. 1st September, LŐ.
S
A
SHEWAN, TOMES & CO.,
GENERAL MANAGERS.
17
HONGKONG-NEW YORK.
AMERICAN ASIATIC
STEAMSHIP CO.
FOR NEW YORK via PORTS AND SUEZ CANAL.
Steamship
(With Liberty to Call at the Malabar Coast).'
"SOUTH AMERICA” „..........................
For Freight and further information, apply 20
Hongkong, 27th August, 1yoú,
About soth October.
SHEWAN, TOMES & CO.,
Dentistry.
Dr. M. H. CHAUN, THE LATEST METHOD of the
AMERICAN SYSTEM OF DENTISTRY, 37, Dzs Vaux Road CentrAL From the University of Pennsylvania, U.S.A.
Hongkong, 22nd fuly, rone.
Geveral Agents
18
TSIN TING. LATEST METHODS OF DENTISTRY, STUDIO AT No. 14, D'AQUILAR STREET.
REASONABLE FEES.
Consultation Fres.
17
Hoogkong, 10th Infe, xona,
[68
ו
Regulur. Steamship Service between HONGKONG, SALINA CRUZ, CALLAU and IQUIQUE, VIA JAPAN PORTS. Will be sent to VALPARAISO if sufficient
"HE Steamship
THE
inducement.
"GLENFARG, 4,000 tons, will be despatched as above, on TUESDAY, the 11th September, at Noon.
"KASADO MARU," 6,000-4008.. Taking Freight and Passengers to other Western Coast Ports of South America.
The above Steamers have splendid Accom- modation and are fitted throughout with Elec- sric Light. A duly qualified Surgeon is carried an each boat,
For further information, apply to
K. MATSDA, / Manager,
Hongkong, 24th August, 1906
:
General Managers.
THE AMERICAN & ORIENTAL LINE,
FOR BOSTON AND NEW YORK. (With liberty to call at the Malabar Coast). THE Steamship
above Parts, on
"FOXLEY,"
SATURDAY, the Bih Captain Butchan, will be despatched for the September.
For Freight, apply to
ARNHOLD, KARBERG & Co.,
Agents. Etongkong, 31st August, 1906
"SHIRE LINE OF STEAMERS.
FOR LONDON AND ANTWERP,
THE Steamship
"RADNORSH RE"
[8:
will be despatched for the above Parts, on or about the 20th of September.
For Freight and Passage, apply to
SHEWAN, TOMES & Co.,
Agents. Hongkong, 17th August, 19c6.
York Building...a m
(848
·Consignees. ·
FROM HAMBURG, BREMEN, PENANG' AND SINGAPORE,
THE
H. A., L. Steamship...
"SENEGAMBIA." Captain Peter, having arrived from the above Ports, Consignees of Cargo are hereby requested to send in their Bilis of Lading for countersignature by the Undersigned and to tako immediate delivery of their goods from alongside.
Optional Cargo will be forwarded unless notice to the contrary be given before TO- DAY.
Any Cargo Impeding her discharge will be landed into the hazardous andfor extra hazard, ous Godowns of the Hongkong and Kowloon Wharf and Godown Co., Limited, and stored at Consignees' risk and expense.
All Claims' must be presented within tea days of the steamer's arrival here after which dale they cannot be recognised.
Consignees,
י.
(845
NORDDEUTSCHER. LLOYD, BREMEN, IMPERIAL GERMAN MAIL LINE.
NOTICE TO CONSIGNEFS
HE Steamship
THE
"PRINZ HEINRICH," having arrived, Consignees of Carge are here by informed that their Goods, with the exception of Opium, Treasure and Valuables, are being landed and storedat their risk intothe hazardous andfor extra hazardous Godowns of the Hong- kong and Kowloon Wharf and Godown Com- pany, Limited, Kowloon, whence delivery may be obtained,
Optional Cargo will be forwarded unless police to the contrary be given before & A.M.
TO-MORROW.
No Claims will be admitted after the Goods have left the Godowns, and all Goods remaining undelivered after the 3rd of September, will be subject to rent.
All broken, chafed, and damaged Goods are to be left in the Godowns, where they will be No Claims will be admitted after the Goots examined on MONDAY, the 3rd of September, have left the Godowns, and all Goods remaining 9:30 A undelivered after the 3rd September, will be
subject to rent.
All broken, chafed and damaged Goods are to be left in the Godowns, where they will be oramined on the 3rd September, at 3 P.M. No Fire Insurance has been affected,
HAMBURG-AMERIKA LINIE, Hongkong Office.
(871 Honkong, 17th August, 1906
September, or they will not be recognized.
No Fire Insurance will be effected. Bills of Lading will be countersigned by the Undersigned,
All Claims must reach us before the 8th of
NORDDEUTSCher Lloyd.
MELCHERS & Co., Agents. Hongkong, 27th August, 1906.
12
the Water, suitable for the storage of any Cargo.
Floor Area 6,100 square feet each.
Apply to-
JARDINE, MATHESON & Co. Hongkong, 20th January, 1906.
[147
TO LET.
OUSES in MORRISON HILL GAP ROAD Servants' Quarters. Cheap, Rentals,
WILD DELL" EUROPEAN FLATS in BUILDINGS, No, 147, Wanchai Road. Each suite contains Bathroom and kitchen. Very
Low Rent,
GODOWN, No. 9, "WILD DELL" BUILD-
INGS.
Apply to-
silver pesos with which to transact all its business. By regulating the supply of these pesos the value was to be kept constant at the value of the theoretical gold peso.
The introduction of such a system into the Island was ure to 'cause considerable hard. ship, in the same way that a necessary surgical. operation may cause pain to the patient. That the introduction of the new system resulted in a loss of 25 per cent. of the public wealth" (uy which term is probably meant the circulate ing medium) is man ftally absurd for two reasons: First, the process of redemption bas up to date entailed up actual loss upon the Treasury, rather than showing a gain of 80 per cent of the above estimated loss as stated in the discussion under consideration. Second -the larger part of the local currency was withdrawn from 'c'sculation' at a time when prices had largely adjusted themselves to the new currency and while the difference in value between the new and the old peso was only from 10-13 centavos. The local currency bad for years circulated at its bullion value and there was nothing unjust in the Government. buying it in at a rate fixed on the bullion valua of the silver contained The only hardship worked on the people was during the sbort period when the high prices due to the cheaper Mexican peso. were maintained while people had only a more valuable peso with which to purchase goods. It was not long, however, THE SECRETARY, after the enforced use of the new currency be, Hongkong Hotel Co., Ltd. 'fore competition lowered the prices of goods to
suit the newer and more valuable peso. (714
PERCY SMITH & SETH,
Accountants and Auditors, &c., .5, Queen's Road Central. #oogkong, 24th July, 1906
HOTEL MANSIONS.
[767
›OOMS TO LET on the 4th Floor, Un
Rfurnished, as Offices or Chambers.
Apply to-
Hongkong, 9th July, 1906,
For Sale, GREEN ISLAND CEMENT COMPANY,
LIMITED.
PORTLAND GEMENT.
in determining just how much silver should be put into the new pese two important consi derations presented themselves. First, the size and denomination of the new peso should
be similar to those formerly in use. Second,
the amount of silver contained should be sufficiently less than its face value at all times so there would be no object in exporte ing it in payment of foreign debts as was the case with the Mexican peso, otherwise thera would be no way of controlling the supply, and through the supply, the value. The new peo is designed for usa solely within the Philip In Bage of ago Ibs. net $2.80 per Bay pines and the settlement of foreign debte pro-
In Casks of 375 bs. act $4.75 per Cask ex Factory.
ex Factory, 'SHEWAN, TOMES & Co,
General Managers. Hongkong, jothi Neptember, 1905.
T
NOTICE.
[
vided for otherwise,
At the time the weight and fineness of the peso were determined upon silver bad reached the lowest known price and the indications seemed to point to a continued low price for come years owing to the large number of pro- 'ductive silver mines lying idle which were *HE Public are hereby informed that nu ready to resume operations upon a slight in
change has been made in the Kater, uf Subscription to the Hongkong Telegraph and they are warned against paying mois than
CKN CEMTS (10 cts.) per Single Copy.
THE MANAGER, tiongkong Telegraph Co, Lun Hongkong, jorb September, 2008
crease in the price of silver. It was therefore the general opinion that a difference of about 15 centavos between the face and bullion' va tues of the peso would be sufficiently great, in view of the probable range in the future price of silver, to keep the billion value sufficiently under the face value to prevent exportation,
No comments yet.
Private notes are available after approval.