1909-12-28 — Page 5

Telegrams.

"HONGKONG TELEGRAPH"

',

SERVICE.

SIR CHEN-TUNG LIANG CHENG.

DENOUNCED BY CANTON.

"VICEROY.

L

`[By courtesy of the "Sheung Po."},

Peking, 27th December. Viceroy Yuan. Shu-haun, of Can-

THE HONGKONG TELEGRAPH TUESDAY DECEMBER 28 1000

RAISING SILVer prices,

"FAIR EXCHANGE" LEAGUE SCHEME..

CHINA'S NEW FLEET..

THE OBJECTS OF THE MISSION, ..

...

|

The "Fair Exchange" Lengão is a move.

Fasibly the most important member of the ment intended to promote the export of party is its expert adviser, Admiral Sah, Chen manufactured and other products from Europe ping, the Admiralissimo of the Imperial Chin- and America to theƐrisst by raising the marke!

ese Navy, and administrator of the Admiralty price of silver, writes the San Francisco Department. This officer is the very antithesis Chronicle editorially. That trade with Asia is appearance of a blof British admiral; he is a relatively decreasing is sure. That manufactur small man, neat is appearance, with delicate ing plants are being transferred from Europe features, and with a face suggestire raiber of and America to Iudia and Chloa in equally the reflective litterateur than the determined sure, and the movement under pressat condi. administrator and leader, Admiral Sah is po tions must rapidly increase. Oor capitallets stranger to Europe, and on him rest hopes of the renaissance of the Chinese navy which and our workingmug are threatened with an influx from Asia of commodities hitherto years ago Admiral Lang, leat by the British ton, has submitted a further memo-produced here at prices, duty paid, with Admiralty, succended in raising to such a com: rial denouncing Sir Chen-tung Liang which our mills cannot possibly compete, paratively high standard of efficiency. Despite There is no doubt whatever, that the appearances, Admiral Säb is a practical officer, Cheng for having wasted soven mil-cause of this impending change, so die. and has considerable acquaintnece already with lion dollars of the Canton-Hankow astrous to us, is the low and decreasing price the Westera world and its ways,

of silver as compared with gold. No one

A native of Forchow, he was educated in Railway funds..

denies that acylbing which will increase the the Daval school at that port, and then he pass price of silver will check the transfer of indus-ed forthwith into the British Fleet, in order to tries to Asia. The Fair Exchange League, of complete bis training. On reaching England which Moreton Fremen of England is the chief he studied for some time at the Royal Naval re-advocate, proposes what it believes will cause College at Greenwich, and then served is Bri

tish men of war, quietly observing all that went on around him, and fitting himself for the high and responsible position to which he has Dow been called by the Prince Regent. On his ra turn to China, his knowledge of sea affairs, and is rare devotion soon led to his rapid promo tion. In the war against Japan he commanded.3 the Tich-yoen in the battle of the Yals, and spc. ceeded Admiral Yah on, the latter's death.

An Imperial edict has been issued directing the Ministry of Posts and Communications to inquire and

port.

HUNAN-HUPEH RAILWAY.

FOREIGN LOANS · PPOSED.

[By courtesy of the * Sheung_Fo")

Peking, 27th December.

the necessary rise of silver.

principal fleets of Eampe. One hundred students have already been selected to begin their training for the new navy. The Regent's hops is directly to interest the most influential Manchu families in the empire in the scheme of asval reorganization, so as to break down the opposition with which otherwise he and the Navy Board would have to contend.

To-day's Advertisements.

HONGKONG FOOTBALL CHALLENGE

SHIELD COMPETITION.

TOTICE is bereby given that ́entr'es for New CLOSED A GRSDAY 6th January, 1910. Entries received after ibis date cannot be accepted.

H. J..TOTTON.

Hon. Secretary. Hongkong, 28th December, 1909...

(871

No doubt in details the place will be largely varied in accordance with what the Naval Mission learn and ses during their tour. But of this thers seems no doubt-chaos in the ficti is coming to an end unde Admiral Sab's. régime, and with the dawn of a new, less exclusive, and loss easy-going ora in the empire, practical efforts are to be made to win for China a relatively high standing among the lesser deets of the world. There has so far been no THE Undersigned bare received instructions

to sali by indication of the means by which the Prince Regent intends to finance these ambitious

PUBLIC AUCTION, plans for the fleet. It is said that an expisadi-

FOR ACCOUNT OF THE CONCERNED, da FRIDAY,

ture of twenly to twenty-five millions sterling is

PUBLIC AUCTION.

Entimations.

SOURED MILK.

Specially prepared from pure onl tures of selected lactic formente.

26 Cents per pint.

Orders must be sent in twend

four hours in advance.

THE

contemplated. Though China, in undeveloped the 31st December, 1909, at 5 F.., at their DAIRY FARM Co.,

resources, is rich beyond the dreams of avarice, her actual Gnancial position is uncertain. But in China the assurance is generally hold that the Regent is in astusit, and that by ooR means or another the necessary funds will be obtained in due course-Daily Telegraph.

ROBBER.

A MUCH HEALTHIER POSITION.

The London ami Chind Express of December saYSITA NG

Since wo wrote last week 'the'prices of both Rubber and mast Rübber abares have reached

There can be no question of the seriousness of the situation. Itis worth white to consider whether the remedy proposed by the league would prove an affective remedy, The situation created by the low price of silver is that a given expenditure ia silver money in Asia will produce, two or three times the quantity of finished products which can be produced in Europe, and especially Thoughthe Chinese navy wasdefeated, consider lower levels. This is, of course, not surprising The representative of the Human America, by the gold required to purchase the ingalithecircumstances, it probably put up a bei- when it is remembered that pretty high quota. silver. This is the result of the silver paid ter fight than did Russia is the subsequent sirug-tions have been ruling for a considerable and Hupeh Railway has arrived at labour applied to the best labour-saving magle, for the Chinese engaged in the contest were period. A reaction has beee looked for, and it Peking and has called on Hau Shih-chinery which is at our own disposal. The severely handicapped. Six years ago Admiral has coms; and these best able to judge think it may be welcomed as making for a much healthier position. The batch of excellent crop returns for Novembar already to hand can yield nothing but satisfaction to the investor, while the erratic course of the share market during the last few days has provided another lesson to those who have not yet learned that to dabble speculativaly in rubber shares is not always a profitable occupation. It is quite likely, also, that the bears who have been selling during the past dayortwo may find them- salves ie an uncomfortable position when endeavouring to borrow shares for the coming seulement. The only new insup has been the Desaistown (Ķrian, F.M.S.) Rubber Estates with a capital of £150,000 in £1 shares.

chang, when he protested against the raising of foreign loans.

Hau Shih-chang has not any definite answer.

CHIENTAO.

given

APPLICATION FOR JAPANESE CUSTOMS COMMISSIONER.

\By courtesy of the," 'Shaung Po."}

Peking, 27th. December, Japan has asked that a Japanese Commissioner of Customs be ap- pointed for Chiontao, but Governor Chan Chiu-sheng of Kirin has strongly opposed the application..

TIBET.

SUBSIDIARY COPPER CURRENCY WANTED.

[By courtesy of the "Sheung Po."]»,

Peking, 27th December. Chiu I-fung, the Sanior Amban, has requisitioned for copper coins

for circulation in Tibet.

· An Imperial decree has been issued sanctioning the request.

"VICEROY OF CHIHLI.

CHEN KWEI-LUNG ASSUMES CHARGE.

Chinese and Indians receive the same rate of silver wages that they bave always received. They will, apparently, continue to work for the same wages. The hope of the Isagus is to make the silver cos; the employers so much more gold than they now pay that thuk finished products will cost as much as the same pro. ducts manufactured here.

Sah was directed to take command of the Pei- Yang, or North Squadron, and in 1905 he was selected as Admiral of Kwangtung, and a few months later became "Commander-in-Chief | of the Land and Sea Forces of the Imperial Empiro," a little suggestive of an inordinately heavy burden of responsibility. The position was, indeed, an impossible one, and fast year the Admiral was relieved of his nominal asso- ciation with military matters, and has since devoted himself with singleness of purpose to the navy.

•

The other members of the mission are less interesting, though among them is Sir Chen- tang Liang Cheng,. K.C.M.G., at present a member of the Prince Regent's Privy Council,

The first step in the proposed process is to create a monetary vacuum by inducing the United States, Great Britain, and, if possible, France and Germany, to impound in their Treasuries $500,000,000 of gold. Whether that in the aggregate to be impounded by all the nations, or whether each is expected to im statement which we have seen. Apparently Until two years ago he was Chinese Minister pound that sum, is not made clear by any this is to be produced by special taxation with at Washington, and in 1897 he visited this out return of any equivalent from the treasury country as Becretary to the Imperial Chloese and to be an actual withdrawal from circuls-Special Mission, so that he also is no stranger tion. It would be equivalent to dumping the to the West. gold in the sea, except that it would be avail- able for use if ever it was so desired.

POLICY OF CONCENTRATION.

|

In a recent Circular. Messrs. Gow, Wilson, and Stanton, L.d., wrote

•

Not only is the forward position of raw rubber much stronger, but the excellent dividends lately declared by several companies, and the promise of core likely to be declared in the fear future, have given considerabla impotus to the market in general. Another feature to be reckoned when considering the

position of

the KAW article is

that

bar (which many estates can produce at about: 13. 3d. per lb.) is considerably strengthened.

Events Coming.

Sales Rooms, No. 8, Das Vox Road,

comer of Ice House Street,

A LARGE ASSORTMENT or HIGH CLASS BONBONS, SWEETS, CHOCOLATES, &c. TERME AS noual.

HUGHES & HOUGH,

Auctioneers. Hongkong, #8th December, 1009.

[74

PUBLIO AUCTION,

THE Undersigned have received instructions The Honourable The Director of Public Works,

from

..to sell by

PUBLIC AUCTION,

оп

the 6th January, 1910, at 11 AM, at The Public THURSDAY,

Works Department Stores, Wanchai, Praya East,

SUNDRY OLD AND CONDEMNED STORES,

Comprising:-

A Quantity of S. W. PIPING, Ons STAMP OLD IRON WIRE, IRON GRATINGS, MACHINE, OLD IRON, STEEL RAILS, BRASS STO COCKS, OLD WHITE METAL, &c. &

(TERMI :--A1 usdal.

HUGHES & HOUGH,

Hongkong. a8th December, 1900.

Government Auctioneers. I

"BEN" LINE OF STEAMERS,

NOTICE TO CONSIGNEES.

5.5. "BENLARIG,"

(871

LIMITED.

Hongkong, 16th December, 1909.

ASAHI BEER SAPPORO BEER

TO BE OCTAINED

FROM ALL WINE DEALERS

NOTICK.

[708

N terms of Government Notification No. 804 of 17th December, 1909, the following days will be observed as BANK HOLI DAYS:-

SATURDAY, 1st January, MONDAY,

3rd #

Hongkong, 17th December, 1909.

[861

FROM MIDDLESBRO', LONDON AND FIRE INSURANCE ASSOCIATION OF

STRAITS,

informed that all Goods are being landed ONSIGNEES of Cargo are

at their risk into the hazardous and/or extra hazardous Godowns of the Hongkong and whence and/or from the wharves delivery Kowloon Wharf and Godown. Co., Ltd., may be obtained.

HONGKONG.

XMAS AND NEW YEAR HOLIDAYS.

304 of 19th December, 1999, all FIRE

"N. Terms of, Government. Notification No

INSURANCE OFFICES will be CLOSED No Claims will bá admitted after the Goods for the Transaction of PUBLIC BUSINESS have left the Godowns, and all Goods remalo on the following days 3– Ing sadelivered after the 4th January, 1910, will

be subject to rant.

All Claims against the Steamer must be pre- sented to the Undersigned on or before the 15th January, 1910, or they will not be recognised.

be left in the Godowns, where they will be All broken, chafed, and damaged Goods are examined on the 4th January, at 11 AM.

No Fire Insurance has been affected. Bills of Lading will be countersigned by

GIBB, LIVINGSTON & Co., Agents. Hongkong, 18th December, 1909. (873

This visit does not represent the beginning It is intended that the vacuum thus pro- of the naval movement to Chlua for Admiral duced shall be filled with silver, or rather, for Sah has already accomplished a good deal of the most part, small moins based on-silver, doi-work, and in no direction with greater success lar for dollar, precisely like our present silver than in the consolidation of the naval defences lato contracts made by some companies certificates, the actual silver cits cored in of the empire. Hitherto China has had virtual for rgto on the basis of their present excellent the treasury, This would involve the retirely four navies, each independent and under the prices assure the payment of equally good ment of the smaller gold coins and of all small control of the Viceroya at Tientsin, 'Nanking, dividends for next year and also the desire of notes based on gold-that being the most con- nochow, and Cantos. One of the first acts of manufacturers to make further contracts: at vesicot, way of making room for silver. The reform by the Regent-unpopular as it was equally good hates if companies will only con- theory of the Fair Exchange League is that among the ruling classes of the provincessant. The bugbear of over production has at the creation of this monetary vacuum would was to amalgamate the squadrons, and bring times exercised the mind of the investor, but produce such an active demand for silver to fill them under the direct control of the Imperial when it is remembered that the total receipts it that the price of silver would automatically task was to set up a Navy Board, and this equal to those of 1906-7 (1907-8 bolag about to

Government. This accomplished, the next from Brazil to Juns 30 last were only about rise to a point which would make manufacture in Asia unprofitable.

was done by an edict which separated the 1,400 tons less than that period), and that only That a suddenly created vacuuin of this kind administration of the navy and army. The with rubber at a high figure can those estates would produce a sharp rise of silver there is no Imperial order appeared in July, and appoint-be worked, the position of the Plantation Kub- doubt. The question is whether the rise in

ed Prince Trai-Haun and Admiral Sab "Com silver would be permanent, or whether the ganisation of the Navy, and it was given full

missioners to devise means for tha silver miners would quickly flood the market

powers of inquiry and action. This deter and bring the price to a lower point than ever, mined step by the Rogent has led to the pre- which was what happened when this country sent mission to Europe. It is a four of in- slope undertook to raise the price by silver par- quiry, but the Commissioners are not. on 2 mined ex.ept by trial. The Colorado papets East with a very definite knowledge of what chases. Wędonot know that this could badeter oving expedition. They bave left the Far are booming the project enthusiastically as they want to learn and see, and it le in pursuit Vice-promising a "boom" in silver mining and the of these aims that they arrived in London. reopening of mines not now profitable. More China has already an antiquated fleet and four ton Frewen will be here is a few days to more dockyards the equipment of which is not out fully explain this doctrice, and will doubless of date bat has suffered by neglect. Nothing devote himself to this crucial phase of the situs is more remarkable in this story of the naval tion. There is no doubt that by concerted awakening of China than the fact that one of action the monetary vacuum can be created.the first necessary acts of the new Navy Board The question is, whether it will be filled from London, Dec. 21,

was an investigation into the number and A great fire occurred at Clapham last night the silver now in existence or now silver which, character of the ships composing the newly-ing, at the Company's Oticos, 14, Des Vœux Campbell, Moore and Co., Ltd., Annual Meet- and resulted in the gutting of an acre of build. but for the vacuum, would remain in the ground. concentrated fleet. Hitherto, no one at Peking Road, Central, First Floor, at Noon. lags in two heure.

The question of free colpage of goid would also has known the extent of the navy. The Com. cut some figure.

missioners have now cometo Europe with very definite knowledge of the existing naval re- sources of the empire, and their mission is to ascertain how they can best be used, Improved, and expanded.

[By courtesy of the "Sheung Po.")

Poking, 27th December. Viceroy. Chen Kwei-lung will leave Peking on the 31st inst, and take over the seal of office as roy of Chilli on the 1st prox.

BATAL FIRE IN CLAPHAM,

MÉ. 1. BURNS TO THE ASSISTANCE

The firemen did heroic work. Mr. Jobo Barns, President of the Local Government Board, who resides near the scene of the fire, commandered a number of soldiers and sallors who were on leave, organized them "Into a bucket-brigade and directed and assist ed in the pulling down of the infimmable del corations with which the main building was hung..

Subarquently Mr. Bares proceeded to a Liberal meeting, which he was to address The audience was amazed at the muddy, soaked, smoka-begrimed figure that the Minister pro sented. The meeting was immediately ad Jourdad.-M. C. D. News.

THE WEATHER.

The following report is from My, F. G. Figg, Director of the Hongkong Observatory :----'

On the 28th at 12.10 p. The barometer has risen moderately in E. Japan, and fallen ovar China particularly in the North,

The anticyclonic area is central over, Japan, and probably a dépression is approaching Manchuria from the Westward. '

Moderate monsoon may be expected-in-the- Formosa Channel, and fresh to strong monsoon "over the Obion Sex...

.

Hongkong Rainfall for the s4 hours ending ̧10 a.m. to-day, 0,00 Inches,

FORECAST,

COMMERCIAL,

TO-DAY'S EXCHANGE, Billing. London-Bank T.T..

.....1/9); Do. demand.........is met. 99/16 Do. France-Bank T.T.

4 months' sight.arao.............1/93, America-Bank T.T.

.2.26 Germany-Back T.T.........

..437 India T.T........................................

.1.831 1331

Do.

demand...more reino1337

Tuesday, 28th December.

"The Best People," 9 p.m.

Theatre Royal, Bundmann Comedy Co.,

Wednesday, 29th Decembar,

sic, at HIM. Nava! Establishments, to sim.

Hughes and Hough, Auction sale of Sundries,

ed Iron Sheets, Spikes, Tool Steal, Track Geo. P. Lammert, Auction Sale of Galvaniz.

Wheels, etc, etc. at the Hongkong and Kow- loon Wharf and Godown Co.'s Godowns (Kow- loop), I am.

Balillos Public School, Annual Exhibition of Works, 2.30 p.m.

Theatre Royal, Bandmann Comedy Co., "Facing the Music," 9 pm.

Thursday, 30th December. Hughes and Hough, Auction sale of Doherty and Ramsay's Tennis Racquets in

.01,

:

Chios Light and Power Co., Ltd. Extra- ordinary General Mooting, at the offices of Messee. Showan, Tomes & Co., 3 p.m.

Hughes and Hough, Public Auction *Rid Lius," at the Hongkong and Whampoa Dock Co Docks, Hunghom, 3 p.m.

A PROGRAMME OF REFORM, They have already obtained the consent of the Regent to a very carefully prepared pro- gramme of reform. It is felt that only by gradual stages can the arrears of work be car ried out, and the Best placed once more on a fighting footing, from which it has declined, with deplorable results stace Admiral Lang was] compelled, by local difficulties, to relinquish bis position as naval dictator. At first the idea Shanghai-Bank T.Te Singapore-Bank T.T. per H.K. Stoo.....76

is to settle on the bases best suited to the pre- Japan-Bank T.T. immunequeenals and training establishments, besides sent needs of the fleet, and reorganise the ar- Java-Book T.T.

arranging for the constraction of a number of in train, it is hoped to form a sea-going cruising ships. As soon as these matters aro fleet in accordance with the Wastera' models for the training of officers, and men, and throughout the Empire. And thes, finally, 45t create properly organised recruiting agencies | 3,13 pa

attention will be directed to the acquisition.

Buying

4 months' sigbi L/0. ......... ... ......3/9 15/16 6 months' sight L./..............................1/10 1/16 so days' sight San Funciado & New York.44 4 months' sight

do.

30 days' sight Bydney & Melbourne...1.10 3/16 4 months' sight France...............................................50 6 months' sight 4 months' sight Germany....B Bar Silver...

Bank of England rate

-Hongkong and Neighbourhood, E. and PREPARATIONS are balóg made at Bremerton 1.E.'winds, fresh to moderate; ßns... navy paid for the Instellation on the large war

simFormosa Channel, arme'as No. . ships of the Pacific fleet of the new steel skoln- South coast of China between Hongkong ton inilitary masts. The plans are now being And-Lamocks, samu na No. 1.

prepared and the work will be done early next year, the ships being ordered to Bremerton is

South comat of China between Hongkong

St. George's Club, General Meeting, at the offices of Mesam Lowa, Bingham and Matthews, St. George's Building,,5.30 p.m.

Theatre Royal, Bandmann Cómedy Co,, " A Pair of Spectacles" a p.m.

Saturday, 1st January, -,

Public Holiday.

: Kowloon Cricket Club, Children's - Sports,

Monday, jed-January, Public Holiday,

Grand Orchestral Concert, by the Band of

"of fargar"men-of-war, Irṛts"hoped ̄eventually” to place orders with Western shipbuilding gunboats, and a large number of torpada craft. (Chy Halp yards for eight battleships, twenty cruisers, ten 5.5.8, Schorn Boral, at the St. George. Hall

At the same time, under the direct lospirations th

Tuesday, 4th January,

GREEN ISLAND CEMENT COMPANY, LIMITED.

PORTLAND CEMENT.

In Casks of 375 lbs., net $5.50 por Cask ex Factory. In Bage of 250 lbs. net $8.45 per Big cx Factory. SHEWAN TOMES & 00,, General Managers. Hongkong, 14th August, 1008.

SATURDAY, the 1st January, MONDAY, the 3rd January..

By Order,

A. R. LOWE

Secretary,

Hongkong, 27th December, 1909.

MARINE INSURANCE ASSOCIATION OF HONGKONG..

XMAS AND NEW YEAR HOLIDAYS.

TN Terms of Government Notification Na Bo4 of 17th December, 1999, all MARINE INSURANCE OFFICES Will be CLOSED for the Transaction of PUBLIC BUSINESS on the following days :---

SATURDAY, the rst January. MONDAY, the 3rd January,

By Order,

A. R. LOWE, Secretary,

Hongkong, ayth' December, rgogi

"Worth having

THE BEST "SCOTCH

Perfection

WHISKY

SOLE AGENTS ·

H. PRICE & CO., LD.

PROPRIETORS,

D&JMCCALLUM. EDINBURGH.

As there are other Brands of Perfection Whisky on the markei

WHISKY.

H. PRICE & CO., LD.

sons of the highest, Manchu officials with the of the Prince Regest, it is latunded to associates igas Recital; at St. John's Cathedral, please see that you get MCCALLUM'S PERFECTION now navy. They will be nominated by the 5.30pm. søveral viceroys to study at the naval colleges at Tientsin and Nanking in order to lay the foundation of their education for the sun, and then it is intended that they shall procsad skrond, and be attached to ose ne other of the

Friday, 7th January, -Philharmonic Odncart, at the City Hall,

Jaga Tuanday, ngth January,"rang Theatre Royal, Bootch concert, 9ʻp My

{WINE"MERCHANTE;

15. Queen's Road.

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