1908-12-25 — Page 3

Silver and the Kxchanges.

„U.S. MONETARY COMMISSION;

HONGKONG CHAMBER OF COMMERCE,). J REPRESENTATIVE TO ATTEND,

The following correspondence was consider ed at the monthly meeting of the Geral Committee of the Hongkong General Chamber of Commerce hold on the 5th inst.:---

Goremment House,

Ottawa, Cober 16th, 1908, Dear Sir-It is evide.... at the report of the U.S. Monetary Comm. will bring up once more the entire question of Silver and the Exchanges, B

1

4

THE HONGKONG TELEGRAPH FRIDAY DECEMBER 25 1908.

theory of your own economists that el mant not vesture to press the point further. But this at least I may say subscriptions' barą. bean collected in America during the past few

· years to succour starving Hindus who find on their persons all the material, of a Vamine reserve fondslu: the shape of bangles and ornaments and only that the Indian Mints

ware closed and the mintage of Rupeas made a most profitable,, monopoly of the Indian Government. Let me ask you what your view would be if we had a famine in the United bars and bangles accumulated during a thous States, if our people had vast stores of gold in

and

years, and if we closed our Mints to the free colmage of gold at a moment of acute

and disaster. famine

I now come to the point which greatly con

I personally as in ceras our Commission. favour of the proposal advanced by Lord Herschell and the gold Members of your Royal Commission upon currency, which reported in 1889, namely, the, issue of small notes of limited legal tender (40 Shillings), these notes to be secured by silver." This pro posal was agaio advacated in 1891 by your Chancellor of Exchequer in what we bere call the "Goschen plan," If our sation with Eng

St. Joseph's College.

PRIZE DAY.

ANNUAL REPORT.

At four o'clock Last Monday afternoon His Excellency the Gpremor, Sir Frederick Lugald presented the prives to successful scholars of the St. Joseph' College Parents and their friends and the college admirers turned out in wall filled when the ceremony opened. lall force, and the prettily decorated kali was

Among others present were: Captain Sime OD, ADC, Mr. A. J. Brackenbury, (private secretary) Bishop Porrani, Conan and Mes

J. Leiria, Mma Volpicelli, Fathers Spada and Gabardi, Sisters of the French and Italian Convents, and others, que

Brother Christian sald -Before laying before Your Excellency the report for the year, I wish to express the regret all in the College felt at the removal of Bro. Sylvester, my predecessor. He was called by his superior to Colombe last March, While bera be endeared himself to all. The duty, however, of replacing him, was made comparatively easy through the College.

Geometry-Standard VI, fair, VII Junior (ale, Sanlar rood, weig

Goometrical Drawing-Standard V only poor, Marks were lost he no boys attempted question 5, an easy question. Full marks were given for 5/6 of that papari Savaal boys failed to score any markazida peekMAY B

Book-keepingVary good. Standard VII senior and junior, para e Literature Standard VI and VII senior and retard VII-fairs on

Standard VI good on the whole lines Division (thres standards in all). English Reading: Good in Standard (and to upit, was defective unciation of many of the pupils was

Colloquial-Good to fair... Composition.--Fairy-^\/

Dictation. Good in Standard I, poor in 11 and very good in 111. The handwriting was

קוד ייי -

Std. IV.—-Tang Chí Ko, proficiency, bygiene; | Mr. Powel Grani's Raffles lost Talbic F Monay, English, hygiens; E. Basto, Capt. Hope Marvellons:134 15 ball history, drawing ; Lung Plog Kwan, mathema- Mr. Brandy's Maskes its (155*** tics, pesmanship | S. 'Pintos, drawing pan Mr. Olsen's Paleface sont talbass manship; Ma Fun, mathematics, P. Reit, religious knowledge A. Ramos, So

Baptists, history: S Seton, reography ; L. Gomes, geography: H. English

Luz, proficiency, spelling, Std. V-F; de drawing, penmanship; H. Ozorio; reading, geo- graphy, hygiene; J. Fereira, spalling, riigious Knowledge: R. Ribeiro, bistory, Engilah, by, giens; A. Castro, reading, penmanship; M. Mayer, mathematica; Chi Cheong, mathematica; J. Valles, penmanship, history: W. Ezra, re- Ugious knowledge; A. Baptista, drawing; L. Ribeiro, goography.” ·

Std 1 (Preliminary Oxlord):-D, RO- sario, proficiency English, rol knowledge, history, mathematics, bygiene.

Grammar-Good in 11 and fair in ii. M. Gachulco, geography, bygiene. Gaography-Good,

1. Gootberts, English, drawing, Arithmetic. Very good in I, very fair in II

V. Gutierres, rel; knowledge.") and excellent 99 per cent. 111.

H. Barrenengos,

Spanish, typewrit bistory, Chinese Reading Good except in 11 where. Rabat, geography, Spanish

Chaung Kai, mathematics, drawing, there were too many pupils who could not

Std, VII. (Junior):- Composition:

Time : 211

THE BIG Swee? ¿Cup.Promated, i Value

$150 to 6nt and $25.to second pony. For all China pogies. Weights as par, seniorNin: nars at this meeting 7lbs, extra. Entrance Sta Seren forlangsung Verones Mr. Kwo's Heraldic solb(Depr Mr. Min's Frosty More Hat tibime() Father O'Flynn's Kirkby zist alber

Capt. Hope's Spots lost glbs Mr. Oswald's Gamechick 159|b,

Time: 1.55 3/5.MONIAN THE HAEKWAN COP-Presented. Value Tik 100. For subscription grimes of this wee ing. Weights as per each. Winners gibs. extra;' non-wlupari allowed glba. “Entrance $5. Once round...

Capt. Hope's Capital rost 12(Queich) Ma Wallaby Wallaby's Kangaroo 15610 (Schoon)

enciate copy of a fester" "I have to-day received from Senator Teller of that Commis sion: and I think you may like to lay it before your Chamber, A,

... Win England have no longer any or ganization such as before 1906 provided as with information from the Far East; but if it wate" possible for a representative of your land and Germany would issue these notes, excellent spirit he had fostered whila ́ in the should do sentenca building. 11 question addP. Prevost, proficiency, history, geographi• THE HONOLONG CUP-5150 to first and $50 Chamber to attend at Washington between, November and April 1908-1909, 1909-1910 the Commission would, I am sure, greatly

value such evidence. «

Meanwhile any statement addressed to me Care of Senator Teller, Washington, DC, U.S., will be valued sed very carefully coo- sidered.Yours etc.

(3gd.), MORETON FREWAN. The President,

Chamber of Commerc

Hongkong!

United States Sanale,

Washington, D.C

October, 1908, Dear Mr. Moreton Frewan-I am obliged to you for your note. While the Monstary Com- mission would prefer your evidence just as ear ly as possible after the date of its sittings (No- vember toth) I follow that you would like to

give it the latest returas you can procure in England as to prices and wages in the Orient.

I quite agree that the real storm centre of our inquiry will not emerge either from our cur rency or from yours, but from the deplorable

of

The attendance during the year averaged 336.94, while the bumber on the roll at present is 430. I must compliment, many of our boys on the efforts they make, to come to school every day. There are some parents, however, who are rather careless in insisting on the re- gular attendance of their sons. Boys who are irregular are a bindrance to the general pro- gross of their class. Besides, they cannal be rained in those important habits, which make the successful student or business man-pune- tuality, and perseverance. The conduct of the boys in general is all that could be desired. In their dealings both with, their teachers and their companiqus they behave like young gen« tlemen. In this respect our boarders deserve

special commendation.

read at all,

Good on the whole. · Clasi, I.

awer, and III-a letter."

The standard of Chinere Class III is not

Franch, elocution, shorthand

J. Thunn, English, history, geography, book--

Mayer, mathematics, shorthand. J.Silva, mathematics

Mr. Oswald's Dabchick 1449, ...... Mr. Oison's Redskin rsaD...oun

Time: 127,

to second pody if three or mom starters, For

Winners at this meeting 7lbs. Hextra. keeping, rel. knowledge, slocution, shorthand, all hins ponies. Weights as per scale. Entrancë 310. One mile and a halfpada typewriting.

Capt. Hope's Superb 11st albis.(Quelch); r Father O'Flyan's Mobawk Child: 159ibil

(Grosson) 2 Time: 44 3/5.

very high. It corresponds with the fourth class of six classes, class I being the highest a be divided up into separate Chinese classes the Ellis Kadoorie School) The pupils should. according to their merits. At present the English and Chinese classes are the same. This systein naturally tends to keep smart boys back.

Grant-Some subjects show a slight_falling off since last year. The general standard of the work, however, is good. 1; therefore, again return the school as thoroughly efficient and recommend the full grant 351.

In conclusion, I beg to present my most

would purchase with them and impound large central gold reserves, the Goschen plan would have a double effect. It would accumulate great gold reserves in New York, London and Berlin, the presence of which would keep money rates steady and low, and again by raising the price of silver bullion would raise all the rates of Exchange with Asia, thas coabling Asia to purchase from us and reduc ing the present bonus on all that the exports, Suck plan if adopted by one, two or threa nations of the first rank would go far to settle both the silver question and the gold question, at least for a generation to come. But here we are again met with the Indian difficulty. Our purchases of Silver to secure the Goschen soles would certainly advance the price of

grateful thanks to the following kentlemen for silver to 86 cents per ounce (43 pence). At

their generous contribution to our Prize Fund: that point the Government of India might

The weekly reports still continue to be an-Vice Admiral Sir Hedworth Lambton, Mr. decide to melt op and sell Rupees, that is to

excellent stimulue to our boys. Many parents say, at 86 cents per ounce, the bullion value the Rupee would equal the present exchange take great interest in them, and sign them re-H, N. Mody, Mr. A. P. Wilder, Consul-General Gonzales de Bernedo, Consul for Chili, Mr. J. give an ample opportunity for constant and tione. (15 peace), so that in the delibera-gularly. These, and the monthly examinations for U. S. A., Consul-General). J. Leiris, Mr. thorough work. I beg to remind those parents R. M. Smith, Manager, Hongkong and Shang who are careless about signing the reports that hai Bank, Mr. Percy Smith, Mr. Ho Tung, Mr. we expect them to aid in the education of their. children in this way. Every means should be Kelly and Walsh, Mr. 3. Machado, Mr. Ellis taken to encourage regular daily work.

The special subjects taught in the College $25 for the best in religious knowledge, Mr. Belilios for the scholarship of $25 for the best continue to make steady progress. In the shorthand examinations, which were held under papar in English, Mr. Sing Kes, and Mr. S. the management of the local Shorthand Com- Kingsbury.

His Excellency, addressing the gathering, mittee, we obtained the following results: Nine boys got 3rd grade certificates, six obtained and said that when he was there last year he was grade certificates, and three obtained rat class able to congratulate the masters and boys on the marked progress of the Collage. This great conificates. C. Sequeira and F: Ozorio were

Awarded 1st class certificates for 100 words 1 year he could do so even more, and his Excel- minute in addition to a fall certificate of profilency proceeded to speak on verions subjects ciency. E. Marques also obtained a full centi- ficate of proficiency and a 1st class certificate for 80 words a minute. At present about 30 bays follow the shorthand and typewriting

value..

of our Commission we must

at

once confront this point; if we approve the Goschen plan, with or without-Great Britaln

and Germany, will the Government of India consent to open their Mints when the price of Silver bullion has risen to 86 cents per ounce ? Why would not Great Britain join with us heartily in the Goschen reform? A large cen tral gold reserve is not less important to her than it is to us, while the rise in the exchanges with all Asia would occupy her people in her own mills and factories and bring back to her and to us a very real prospetity.

I bave, 1 fear, written 'you at very length. It is however possible for you to procure through the Indian Government some reply to this question, because we are quite certain to meet an almost insuperable obstacle in the attitude, of that Government, and that the very outset of our inquiry,➡l am, &c. ***

(Sgd.) M. H. TELLIR

classes,

Ho Fook, Mr. Francisca Isa Yat, Acesta.

Kadooris, The Catholic Union for their plice of

which the pupils were particularly bright. Continuing, he said that if the scheme for the university should fructify during the coming year St. Joseph's College would be sure to pro- duca scholars requiring higher education, His sen the boys more Excellency was glad

Mr. MORETON FREWÄN, Government House, fing, Six seniors were presented for the ex. axing as interest in shorthand and book-keep-

Ottawa, Canada

It was decided to reply that a representative of the Chamber would attend the Commission if it could possibly be arranged.

PRIZE DISTRIBUTION.

of

Our last Oxford mutes were very encourag. amination-and-sil passed, F.Lopez' getting distinction in Spanish. Twelve juniors sat for the examination and nine passed, J. Thuan and E. Marques getting distinction is religious knowledge. Sixteen preliminary boys were BELILIOS VERNACULAR SCHOOL: presented and all passed, the total number of passes being 31. Ten of our boys entered for the local shield competition in bygisae, but we have not yet received the respit...

As a means of encouraging the study English, we tried an elocutionary contest for a gold medal this year. I must say the boys were much appreciated by a large audience of kind friends and patrons. A special word of thanks is due to the judges, Mr. A. Wilder, Consul General for USA., Mr. J. Leiris, Consul-General-for. Portugual and Brazil, and Mr. G. T. Lloyd, editor, South China Morning Prat. Those gentlemen generously volunteered to give a medal to the and boy.

A library of letereating and instructive litera

collapse in the gold price of silver. In other words, our troubles come not from our car rency

but from our exchanges. In the world's history of the two precious metals, we have hitherto experienced two and only two great variations in their prices fufer so the fall in the price of silver in 1893 occasioned by the closing of the Indian Mints and the collapse inst year which resulted from the failure of the raiss lo Hindustan. On each occasion the suffering and disaster was unspeakable, and that given the same cause we shall have a recurrence of the effects have no doubt. For thirty years past the conviction has been borne is upon ms that apy collapse in silver, or in other words, in the silver exchange with all Asia must cut down the purchasing power of one half the human race, apiet our exports and sspecially yours to Asia, and culminate in a money-panic-To-day a Chinaman.must give 13 Taels for 5 Gold Dollars; a year ago he

gava 9 at the old rating he gavo Taels only for 5 Gold Dollars. We know that the wages of the Chinaman at his home, and the silver prices at which, he markets his produce, are no higher than when he bought Gold Dollars for 5 Bilver Taals; the consequence then of such a collapse la silver as we had last year must be to destroy

There was a large attendance of both Euro. all our export trades across the Pacific. We know that by comparison with oven two years pean and Chicero ladies to witness the distri ago no ship now leaving San Francisco, or Fort.bution of prizes to the scholars of Befilios land or Seattle for Asiatic Ports can get any Vernacular School, which was held last Saturday cargo at all. Secretary Root has sent acircularto allour Consuls in Asiansking them whetheraince the collapse of silver in 1907 those firms which Import from us and from you have boon sub ject as we should expect to serious losses, Can you bring me some further evidence on your return as to this? Have the export trades of Lancashire for example suffered as have our Lowell Cotton Mills, during the great break in silver exchange of the last 18 months? Again ars there the evidences not merely to the last year but in the last thirty years, that the dis. placement of the old 15 1/1 to a relation be- tween the metals has resulted in unwanted in dustrial activities in Asia and in a competition disastrous to white workers? Five gold dol fars (or one sovereign) used to purchase five tsels only, and five taels then paid the wages for one day of twenty-five Chinese mill kauds; while to-day five gold dollars buy xa Twenty-five, but 60. Chinese mill hands. Such is the nature of the protest against cheapened silver which same up our liver philosophy, and if you can secure from Wages and prices concarring with the Tables which we already have of the Imperial Board of Maritime Customs in China our inquiry will

forepoon.

Pg, as those subjects were important in any sphere of life. Last year-the-school-suffered a lows when Brother Sylvester left for Caylob. But he thought that in Brother Christian UP they had a principal who would. keep

was the efficiency of the school, and he would be equally loved and respected as Brother Sylvester. He was there this after noon to distribute the prizes and not to preach a sorten to the boys, but there was one

parentage; and

M. Biurd, bookkeeping, French; E Marques, religious knowledge, J. Asensio, Spanish,

J. Gohiap, typewriting. M. Gootberts, shorthand. Std. VII (Senior)

C. Sequeira, proficiency, English, mathema- tics, geography, history, bookkeeping, religious knowledge, drawing, shorthand, typewritting.

F. Lopez, English, geography, history, reli- gious knowledge; Spanish

P. O'Brien, mathematics. H. Basto, political economy, drawing. J. Ezra, bookkeeping.

OXFORD CERTIFICATES. Preliminary.D. Rosário, M. Göchtico; L.

Gullerres, R. Baptista, A. Silberman, C. Gard- Gootherts, L. Rabat, H. Barrueggos, V. ner, F. Gokee, Cheung Kai, J. Rodrigues, T.

Carvalho, R. Luz, V. Yvanovich; and Yau Loy.

Junior-P. Pravost, J. Thuản (Distinction

Rel. Koow.), M. Biard, 1. Silva, 1. Mayer, J. Aspesio, R. Elias, F. Tavares, and E. Marques (Distinction Rel: Know).

Senior C. Sequeira, F. Loper (Distinction Spanish), H. Basto, P. O'Brien, J. Ezra, and M. Sternberg.

ad

FOOCHOW RACES.

WINTER MEETING..

[From Our Own Correspondent.}"

Foochow, 17th December. I forward the results of the three days' races, the list of winners having bean wired to you' each day.

J

The Stewards 'wore :-Mess. H. Daker,

W. Buckley, R. Greig, J. C. Oswald und A. E. C. H. Balfour, G. Siemssen, J. F. Olsen, R.

efficiently the duties of clerk of the coume. Reynell, Mr. G. Stemssan performed very THB STEWARDS CUP-Presented, Value Sion. For all China ponica Weight for inches as per scale. Entrance St, Half a mile."

Mr. Dawalds' Gamechick, fost 12lb (Wylly)

(Schoor) Mr. Willie Shaw's El Orollo, 1st 11.....

topk much interest in it. In fact their efforts school for boys of Europe inese section Mr. Min's Kandahar Chief, 1rat 1lb (Brand)- 3,1

thing more he had to say. He did not for get that St. Joseph's College was primarily a he was glad to hear that the, was doing good work. What his Excellency wanted to say was the European boys were mixing with the Chinese, both in study and in play, he wanted them (the former) to set a good example; to teach the Chinese boys; and let them ses that the people

the West did not tolerate what was mean and sneaky, so that

when they returned to their homes they would take with them there examples and act accord

holiday.

Capt. Hope's Spots, tost glb (Qusicb)..... Capt. Hope's Ian, 21st 1lb (Dupree)...... Father O'Flynn's Kirkby, 1st 11b (Grosson) a

Time 62-2/5. -

THE MAIDEN STAKES.-A forced entry of $to each with $100 added. Second pony $50. Third pony '$15. · For subscription griffins of this meeting, Weights as per scale. Three-quarters of a mile,

|

THE "DAK" CUP.--Presented . Second pony $25. For all China ponies Weights as per scale. Subscription' griffins of this Meeting allowed; lbs. Winners at this Meeting 5. lbs. extra Non-winners allowed"g" iba. Entrance $5. Once round and a distance. Father O'Flynn's Kirkby 150 lb...(Grasson) I Capt. Hoper Spots 144

(Dupree) a Mr. W. Shaw' El Criollo 150 lb...(Schnorr) 1 Mr. Min's Kandahar Chief 160 lb.,(Brand) Capt. Hope's Ian 1st ilbQualch)

Tima: 135,

$335. Fiat pony to receive 70%, "second THE COMPRADORE'S CUP.-Presented. Value pony 26 third pany 10 For subscrip tion grifins of this Meeting. Weights as per scale... Winners of one race s lbs, extra.; (of two or more races 7 lbs. aktra, Forced,

entry Sio. One mile and a half, Capt. Hope's Marvellous (54) .....(Qreich) Capt Hope's Capital 147.(Dupree) Mr. Wallaby Wallaby's Kangaroo

(Schabrr) Mr. Mia's Fiper 1591) ...............ininen(Brand) Jo Mr. Powel Grant's Raffles lost 125 (Wylly)

Time: 3.36

THE FOOCHOW STAKES-Of Sto each with 5100 added, divided 70, 20 and to per cent, to the int, second and third posina. A forced estry for all China ponies entered at this meeting, and optional for subscription griffins. Weights as per scala. One mile and a quarter. Mr. Ewo's Heraldic fast tilb”..............(Dupren) #1 Father O'Flynn's Mobawk Chief lost alb (Gruston)

Mr. Min's Frosty Mom fist tib......(Brand) Capt. Hopp's Fun-tost talb sam....(Qaelch)

Mr. W. Shaw's‹E!«Criollo 1st:t}b (Schnort) Mr. Oswald's Gamechick 16st alb... Wylly)

Time 3:49 2/5 \",

In this race, Mr. Gresson, unfortunately krocked against a post and broke his leg.

HAN THIRD DAY.

THE CHAASZE CUP.-Valte Stoo to first and Sag to second pony. For subscription griffins of this Meeting. Weights as per scala.. Winner of one race-5 lbs,,OZİTH} {WD/OT more races 7 lbs. extra. Non-winners allowed 5 lbs. Entrance $5.1 One mila and a quarter,

Capt. Hope's Capital 157 lb (Qunich)' '1 Mr. Oswald's Dabchick 144lb

Wylly) Mr. Wailsby-Wallaby's Kangardo (Schoort)

Time :256.

tore has been opened in connection with the Oxford Class, and wa dote with pleasure that ipgly. He wished the master and boys a good Mi, Min's Piper, rost 12 lb...(Brand) - 1 Mr. Oisan's Redskin igalb (Dupree) our boys derive great profit from it. Any little contribution from our generous friends will be thankfully received,

The Chinese department of the College in becoming more efficient. The boys who enter under tea take up a very good English tone But those who begin the study of English over 14 rarely acquire à correct English accent. lar. Their parents seem to keep them home on the most futile pratexts, Thres of the boys who passed the late Oxford Examination were Chinese, but it should be remembered that

Bishop Portoni thanked His Excellency) sincerely for the interest he took in the school. It was a good encouragement to both teachers and pupils for the kind words of advice which H. E. never failed to give. They did not fail to see that the College Feld an important posi tion in educational places in the Colony and

cessful this year the kind words and apt words of recommendation. If they were c remarks of His Excellency would act as - a stimulas for renewed efforts in the fatures Once more the Bishop thanked the Governor for master and pupils success.

Mr. Powel-Grant's Raffles, rost salb............

__(Wylly) --2

Capt. Hope's Capital, rost zalb...(Quelch). 3 (Schoort) D Mr. Wallaby Wallaby's Kangaron, fast-lb. Mr. Oswald's Dabchick, kost gib...Dupree) o

Time: 1.43 1/5.

The OrikkioN ÉTAKES.-Of. Sie each with Stoo added, divided yo, so and to per cent. to the fint, second and third ponies." - For all Chipa ponies. Weights as per scale. Win ners at this meeting siba-extra.. Non-winbors allowed siba. Ope mile.

twels and 12 taals pay. A day's wage for epidemic. He hoped plague would not return | Some boys in this department are very irregas the work done during the past year deserved THE TOTALISATOR CUF.—Valus $150. For all Father O'Flynn's Kirkby 160 lb:%(Dupree).

Hot

Mz, Mia's Frosty Morn 150 lb (Brand) Capt. Hope's Ian 153 Ib......................(Qualch) Capt. Hope's Spota 144 lb sirmani(W9117) (Greson). W. Shaw's El Criollo Iga lb...(Schoor)

*Time: 1.17 3/5

China ponies. Weights as per scale. ED trance $10. One mile and three-quarters- Father O'Flynn's Mohawk Chief lost raib... Cap. Hope's Buperb trat 4........(Queich) a

Time14.04 NAA

the Government of India Official Tables of had been forced to increase the number of those boys began English in the first standard. hit-presence there to-day, and he wished the ME.W.Shaw's ETCriollo xist alb.. (SchooIT) — 3 LADIES FURSE-Presinted. First posy to

The Inspector of Schools (Mr. E. D. C. Wolfe) presided, and after the prizes had been present ed, he addressed the gathering. He congra. tulated the teachers for the good work they had done during the year. He was glad that the school was not only increasing in numbers, but in efficiency, too. He draw attention to the average attendance for the past years la 1906, he said, the average attendance was 187; last year it was 337. This year the attendance bad decreased slightly-about 237.77. The highest enrolment last year was pot over 300. In February of this year there were over 360 names in the books of the school The reason for the decrease in the attendance, Mr. Wolfs added, was due to the bad outbreak of plague. In February the average attendance was 311; in June 187 and in July 197, which was proof that the dropping off war due to the next year to spoil the attendance, which other

There was this to be wife was on the increase. considered. Now that the attendance was on the increase and the fact that the Government teachers, but their number was still too small now, and in spite of the decision of the Retrenchment Committee and other unpleasant things of that kind, the school staff was to be But what is more important by far is that our further increased. In conclusion, Mr. Wolle Commission should learn what are the inten- congratulated the beadmaster and his assist tions of the Government of ladia. Will that ants for the school's efficiency and hoped that Government subscribe to our researches in a it would be maintained..

The inspector's report on the school was read, question all important to Indias finance, some official witocas? I am of course merely asking as follows this informally we will make the proposal-Staff-Sung Hok Fang, s assistant ieachers, officially, if you can learn that it will be well one needlework teacher and 3 pupil teachers: received. But we do not wish to encounter s Discipline and Organization. The disci-tennis court could be made by wailing in and black negative. My colleague, Senator Wolpline is very good and there is a noticeable cott, went to England in 1897 with Commis change in this respect in the lower standards, sion from our Government. Our proposals were acceptable to the English and Freach Goverpments, but you will recall that at the last moment the Government of India was permit- ted to acgative our proposal on the ground that the consequent rise in the exchange would kill India's export trade. The validity of their objection I quite admit ; India's exports are not natural but are, as indeed are all the exports of Asia, largely dependent on cheaper silver and lowered exchanges. We have always declared that the yellow races with white mansy-money cheapened by white legislation-hold as in dustrially at their mercy.

.be much advanced.

Thus it is ali-important for us to know where we stand to-day. The closing of the fadia. Mints in 1893, has in my judgment starved the Indian currency, and has prevented silver: prices and wages there from rising. Again the great expantion of the currencies of the gold nations because of the new gold has inflated gold prices: If silver prices and wagen do not rise, and gold prices and wages do rise it: le quite clear that owing to the pressure of Asiatic exports industry after industry now employing white working men most close down to be ra- placed in the world's economy by mills and factories madned with yellow labour in Asia; In short the labour cost of what Asia, manufac tures for export has been already cut in half, by The reduction in the gold price of Silver. Pos sibly the interests of the people of India are abserved by these low exchanges with closed Mints; certainly the industries of China where ww Mistraveclised are being stitiulated by low- exchanges, and already China has commenced to manufacture staal, but that a great civilised Government diöuld be making a profit am 10: day of go per cant by selling currency of un- limited legal tender to thres hundred million of fis citizens; that the currency of fodia should officials, be manipulated is to-day by a far whose purchases of bi-purchases of silver

Organization. The work of the school con tlaues to be very satisfactory. There is, however, a tendency especially in the lower standards to try and do too much, eg in composition the answers were very long but often not to the point and not written in the best style. Shorter, more concise answers in good Chinese, would have raised the standard of this work materially.

The work of the lower classes should not be left entirely to the mistresses. The masters who teach the upper standards should give a series of lessons every week in the lower standards. The pupils will then be able to

The prizes were then distributed,

"

PRIZE LIST. Chinese Department.

Our boys continue to take lively interest in football, We have entered two teams for the shield competition this year, but as they ere allowed the use of the playground at Causeway Bay for only a few hours a wack, much cannot be expected from them. Nowa

Std. 18-Kwong Kwai, English; Kwong day outdoor games are essential to every well- equipped College. At present we have only Foo, geography, English; Lau Ah Moon, arith- the small yard for play where the boys have metici Yee Chiao, arithmetic; U Cheong, Pen- hardly standing room. Of course, par pani-manship; Lam Man Shlug, penmanship; Chau tion is such that we cannot expect a farge Yat Fook, geography: You Won, Chinese; U cricker field. But I believe that a very good Cheong, Chinese; Cheung Lam, drawing Ya

Won, religious knowledge; Lai Sing, religious levelling the garden in front of the College knowledge. This would cost a considerable sum, but no doubt many of our generous old boys and kind patrons would come to our sid. **

INSPECTOR OF SCHOOLS' REPORT,

Staff-Bro. Christian, 17 Assistant mastery

And I Chinese Assistant teacher.

Std. I A-Lam Shui Koog, proficiency, English; Lap Ka Look, English; Young Heung Cheung, penmanship, arithmetic Li Kong, geography, arithmetic Wong Sam, Chinese, arithmetic Skul Ye Fan, penman

Chan Man ship: Chow Man Kong, drawing;

drawing Mack Sair Chew, Chinese IL-Fang Shu Piu, geographi

Eog- lish, Chinese; Kwang Ming, English, geo- graphy/Young Po Nam, arithmetic, drawing Lid Chun Siog, arithmetic; Lo Shu. Fan, pen- Standardmanship; Chan, Kwok Chuen, penmanship; Ma Him, drawing; Chau Kwok Wai, Chinese,

Discipline and Organization.-Very good. Sanitation.-Very satisfactory.''. Floor space sufficient for gaz boys.. Apparatus-Very satisfactory. English Reading:-Good throughent, Colloquial: Good on the whole. VI very good.

THE MIN STAKER-Of Sto each with $70 added, divided 70, 20 and ro per cent, to the the first, second and third ponies. For sub- cription griffins of this meeting. Weights a per scale. Winners 7 lbs. extra. One mite "and a quarter.

Capt. Hope's Marvellous fast gh..(Qualch) Mr. Oswald's Dibthick lost glb Wylly) Mr. Brandy's Markee fist 115 (Grison) Mr. Gison's Redskin-fist-lb (Dupree)

Tima: 2.59.

receive entrance isex ; second pony $15. For subscription griffins of this meeing, Waights as.per icale. Wiuner at this Meeting 5 lbs, extra. Non-winners allowed 5 lbs. Riders who hire anver won a race allowed 7 lbs. Entrance $5. Three-quarters of a mile, an Capt. Hope's Capital 1571 .... (Dupree). Mr. Towel Grant's Reflex 157. (Well Mr. Min's Piper 157

(Brand) Capt. Hope's Marvellous (54) (Queich)

Time 14.

THE COMIOLATION Cur-Valus $100,... For all bona fide beaten China ponies that have run at this Meeting. Weights as per scale. Eptrance $5. Ona mílë, mbo- Mr. Min's Frosty Mora 118t Capt. Hope's Jan 11:215,

THE "OSWALD" CHALLENGE CUP.--Présent

ed. For all China ponies. To be won at two consecutive winter mealings or three times in all by ponies the bona fide property of the same owner or owners. Entrance Sto to go to the winser until Cup is finally won. W. 3biw's El Criollo statik (Schnor)" g

when the second pony will receive the entrance fees, Weights as per scale. ODE

Mr. Ewd's Heraldic' rost ralb ......(Dopres) ́s Mr. Min's Frosty Mern 11st lib.(Brand) 1 Capt. Hope's Spots test gib........(Qualch Capt. Hope'in trt kib (Wylly)

Time: 114 4/5

(Brand) 1 Qualch), z

THE MANCHU STAKES-A forced entry of *. Sro each, with 870 added, divided 20, 20 and

to per cent. to the first,, kocond, and thirt pobles. For all bona fide bonien subscription griffine of this meeting that [have not won' a rice. as

standards. The pupils all thee be able to Composition: Good to fair, Poor in 1. The Std. 11-ak, Sing, Regish, arithmetic. Tiene 12.183/Presented. Vaine 51 34. Mr. Wallabyeights thy per scale; Qach routed.

position.

Sanitation,Very satisfactory, Apparatus-Very satisfactory.

Floor Space-Sufficlest for 437 pupila. Chinese: Reading-Very good in att stand. ards excepting 111 and IV. Standards III & IV good on the whole. The pupils in Stand- ard til do not speak distinctly. The lowest standards have greatly improved in this respect Composition. Very good in the Upper Standarda: V, VI & VII and in 11, Good to fair in 1, fair in 111 & 1V. Marks were lost in Standard 111 as many of the good essays were absolutely stike in style and expression.

Arithmetic Mental-Good,

Writing Very good. The standard of work is very bigb. Td Standard V all the pupils obtained fall marks,

melic, geography: Chang Yeung Fook, draw- penmanship, hygiene Wai Wing, Chinese, drawing; Lo King, penmanship

usual standard. In Standards V & Vi essays should be deas and not merely the reproducing, tion of stories. The pupils in the upperstand ards have not a great stock of ideas on general subjects for erlayı.

ENGLISH DEPARTMENT. Std. L.B. (st * Division)-E. Sternberg, English, arithmetic, geography, pensoship F. Leling, arithmetic; A. da Luz, religions instruction, geography; Yeong Sin, penman ship? A. A. Remedies, saligious instruction

$18.

We then P (Schnorr) First pony to receive 70%, second 20%, third Mr. Oswald's Dabchick rost g[b?”. 10%

For all China ponies, Weights. Brandy's Maskeo srstilb

as par scale. Winners at this meeting 5lbs. Mr. Olsen's Redskin 11st alb Extra. Entrance Sic. Twice round and Time 27 pati

Wylly

(Depres)

- ponjas, and open, only to winner

distance. Jakhand for NESTINGEN (THE CHAMPION STAKER-OF $10 each, with Mr. Min's Kandahar Chief list (Red) 1100 Mided. A forced optry: fpe, China Father O'Flynn's Kirkby 1st: 1. (Gresson) 2 Mr. Oswald's Gamechick 15710. Wylly) -

De Mancho Stakes and Consolation On Time: 3.09: akabane Capt. Hope's Fue lost 12(Quelchefenting and optional for the winne

**mer'çi iwa'racos at this Meeting 51 % matin. THE MANDARIN CUP.-Presented by the local of more than two maces $40 exits. We

authorities. Second pony Szy, For subscrip-

* as per stale." "One mils and a quanEET, tion griffins of fais Meating. Weights as per Mr. Ewes Heraldic 12lb (Dopp scale. Winner 7lbs, extra. Entrance 55 Mr. Mie's Kandahar Chief nggih (Ba Seven furlongs,

Capt. Heps's Spperb 15Bib father O'Flynn's Mohawk Cale Mr. Oswild Gamechick 15alb..

(Brand)

Dictatian-Good, Grammar Good on the whole. In Standard IV the parsing was faulty and in VI it was done in a somewhat slovenly manner. In the

zod. Division,--F. Ribeiro, English; P.. standard too the spelling of grammatical

Lima, Arithmetic 1 D. Castro, penmanship: I. terms was very poor.

Geography

-Good Standard V might have M, Gutierras, religions lastraction; V. Soryta, done better if the questions set had been more geography.. carefully studied.

Standard A. Blake, proficiency, English, History Good. VII Junior very good. AJ: Borges, drawing, rel, lestruction; F. Sequeirs noticeable feature in all the paper was the geography, rel: knowledge; A. Tang, anthee. Mr. Mia's Piper 1591 absence of dates. Had dates been given to a posmanship; J. Canol; arithmetic, pas Mr, Powal-Grant's Raffles tot 11 (Wylly limited extent the percentage of marks wool manship), A. Tayures; drawing; M. Essabhoy, Capt. Hope's Caplial lost. alb...(Quelch) 3 bave been very much higher. In Standard V gangraphy; C. Tchatchelzinski, English, and Mr. Wallaby-Wallaby's Kangaroo 1111. 7ibe the difference between, the good and poor Standard 11M. Baptista, proficiency, Engie pe

(Schaon) papers was so marked that it sosms dificult to lieb, drawing; A. Tavares, English; soligione Mr. Brandy's Maskos arst, albi. (Gresson); believe thist all the pupils in this class received" "knowledge, geography; To Nowaka, religious Mr. Olaf Rodakle the b......(Dopres

knowledge, geography; H. da Luz, panman: Times 1:55. ship, drawing, Ty Sato, arithmetic) A. Demand, arithmetic: 1. Sales, penmanship.

Geography: Political Very good. -

PhysicalStandard. V fair, „Standards VI and VII.

good. History-Standard VI: A little weak. the same lastraction.duke

Standard VII Very good.

AnthmaticVery good in 1, IV, and VII Very good la Standards IV and senior,good-la: Lif and V; and fair only in IT V. Good in Standards, VI and | and VII junior, 2

Algebra Fair in Standard V. The pro Nendiawork Very good.

blework we weak Standard VI vary, good, After the ceremony visitors paid a visit to the, Standard VII junior poor 50 per cent, senior ant Standard VII Junior was *'elevata or degrass all sich world's ex- - - kft room, where some exceedingly pretty needles.

(la un'opposed to every work was intake

Std 1 Gr Carvalho, proficiency) F. Kennedy, English, rel know.'1: F. Bilva, Eng: lab's MABhoy arithmetic, hygiene, penman, ship, drawing}"). Gombs, byg me} ], penmanship, drawing; H. Bagdairy, i

BECORDƐ DAY.

THE WINTER STAKES.--OF S10 each, with 370 "fadded, divided yo, a0 and 187

The first, second and third ponies. Soares,scription grisins of this meetiør,

Vas per scule, Vindem, JUN

at Time (seb

TER LIDGER CUR-SPynsented.

#Jackend pory to THC

ponību Weights as this mastiga ylbe: “axtra, awed (ibe. Katrsses