1910-11-12 — Page 5

WHAT IS

OXONGH THE

GOLD CURRENUY, FOR CL

INTERESTING CORRESPONDENCE"

for Chion is frequently balog discussed the As the question of adopting a gold standard following letter" which appeared in the Gro Reeins, Loodon (July); in of interest,

Dear Sir Kitson:

This forenoos, Mr E R. Hallifax heard parties in the prosecution Iostlisted by the Police in aspect of the oplum divaɛ s.- The case in point was that which has become noto rious as the "Possession Street case," to which soma (wanly Chinese are charged wilk. aring the premises at No, sr, Pontassion Street. as an opium divan in contravsution of the Or. In reply to your leitar of the ayib, it would di:ancs. Mr. H. L. Dessys of the Crown he trus to say that "a free gold market la Loa Solicitors Mice prosecuted-and Mr. W. E. L. don is of assistance lo securing to a sách nd- Sheaton (Weiri, Darcor, Lockeraud Deacon) | vaninges, as may actros from London beleg represented the defendants. Detective-Ser- the clearing house of the world. So long as geant J. J. Watt, was in charge of the Police London is the matkat of the world, where gold 'Inforests,

long as a monopoly is conferred upon gold, lo may be, most freely bought and sold, and to, respect to his debt-redeeming pawer, so long will the exchange binkers and ballide dealers retain the enormously profitable Anancial business la which they have been engaged ever sleca mcde1n laws conferted a monopoly value upon gold," The advantages, only to a certain class, of a free market in gold aro obvious enough, bat the disadvantages to the conctry as a whols: are counterbalanced by sach serious disad, vantages that it sooms probable that the latter outweigh the former. The advantages are i

Today the poceedings amounted meraly to a summing up by counsel of the evidence for and against.

Mr. Denaya contended that ble house we au oplum divan within the meaning of the Or- dinasce that probiblled the kerplog of opium divans In the Colony. The evidence had shown that this hours was formedly a divan and hid bron c'ered when the general closure order was made by the Government. After wards, it was re-opened under thu galva of ■ tea bouse, But instead of paying a few cents for a cup of tea the frequenters of the płaca paid as much as 30 or 35 casts for a cup of tea sad were.supplied with a pipe and a quantity

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(1) The expenditure in England of the pro- is made by a smail class of Ganciers. (3)~The deposit'ia England of balances das

of opium. This, Mr. Deonys argued, was to foralgreis, payable on demand, or ai very equivalent 10 a fee, and constituted the pre-short notice.. mless into an illegal divat, Mr. Dentys went | on to quote a long list of authorities on the subject and urged his' Wombip to register a conviction in the case. ¿'

It

(1)-The ready negotiablity in a foreign country of a bill of erchange payabls in Lon», don. This may possibly enable a Briti b buyer to buy fo sige goods at a lower price than a buyer in another.cousity,

The disadvantages arð 1-.j ()-The constant disturbance to business c used by rapid fluctuations in the rate of dis- count

Mr. Shenton, for the defence, pleaded that the premises did not constitute a dívan was an open houta lato bich.anyone could' coms and drink tea. If the price charged for the tea was rather more excessiva then the -prices charged in ether 'tsa-chops, the reason (2)-The uppertunity glvan tó lo sign specu- for it was to be found in the fact that thelators to make profit at the expente" of traders' fittings of the ten-house were far away more in England. by manipulating the open gald alaborate and costly than were to ba fatind la matket, the ordinary Chinese ten-houses. Just as in London ens had to pay mi re for a cup of tes in deely furnished establishmen's, so la Hong kong one could not expect to get a capoftolo this well-ordered house at the same rates t (4)-The fascial danger to the counity of) applied to tea houses of a lower grads. If the holding cp:n loan, large floating bilances pay- costomers cared to smoke oplum on the pre-abla on demand, or, at short notice to for mises there was nothing to prevest them any more iban there was anything to prevent a

member of the Hongkong Club from gambling

on the Club premises.

Mr. Dennys having replied,

(3)-Tan draining of the sayings of the Eng-" Hab people cofid:d to country bankers in the direction of London and thence the fiasceing. of fire'go speculators.

sigaems.

geid market may be shortly summed up thos: The advantages and disadvantages of a fres

"It gives prople facilities for getting`isto debt, and it places debtors peculiarly at the

His Worship said be would give bis decision mercy of creditors. on Wednesday next at 1 o'clock.

THE HUNGKONG BANK

SWINDLE..

NOTES VALUE 16,050 BUILDERS FOUND IN SEALED BOTTLE.

Paniculars of the. Hongkong and Shanghai Back cheque forgery care of Sourabaya, given by the Batavia Nimwibled and the Niewer Vandin Dag show that the leading actors in the

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Faithfully Yours,

Arthur Lee,"

A PEKING VIEW, The Peking Daily Nad, commeating on the abova correspondence, slales :-

The last sentence ought to be engraved on the brain of every Chices baskar, as Oblor is dard she would be silil more at the mercy of a debtor nation, and by adopting a gold stan her creditors who hold the gold. The only people who would benefit would be the Goan-

COMMERCIAL

PH SATURDAY NOVEMBER

sath November, 1.p.m. following quotations for rubber shares,

& Co by wira, are supplied by Masır. E. S. Kadoorla

Allagara Anglo-Javas

#Anglo-Malays

Balgownlo... Batu Tigas... Bertam

Bukit Kajang (pp.) Carey Waltada.. Castlefields poss Changkat Sardange Cheras (part pald)........... Da (intly paid). Damansari.****

5:8

***** 147/6.ex div, Kastern Internationals ......13/9 prem. Glenpalys

.51.70 Highlands and Lowlands, ........103/4) Indragitis

...$14} 516 pr. Koala Lumpors..............157/6 ex dir. Lassdrons (fully paid) Lanadrons{ppd.)" jasmineistoauto Ledbarys.mimist Masumma.67/6

Kamuning

Lloggle

London. Asiatiche in a 200 205799900 London Venturėkive - omtörténe

Palac

Merlimauser

Peroksies met

$33

1776 proc

Sandycrofts.

Rebbar Trusts....

Sponges

Stafeldscono m'ontser Shalfords

Singapore & Johores..........

Samaira Paras ·ivier Sangel Chobi....you Suogel Kapas

97/6 13/9

Tangkaks is....339

Toeraogla.mutatoriano *** United Serdangs kind.............105. United Singapore1 ..$1.35 Volted Sumatra./0 United Langkat 80 Daff

www.md 3/6

Tronohuerentuin

Pari Rabber

-6/- per ib. ..WEEKLY SHARE REPORTA Messrs. E. S. Kadourie & Co. write on th Reviawlug the share business for the week,

instaciber doll week has to be recorded with very little business passing and practically no change in prices.

Rabbers remained at the same dead leva antil Tuesday, the Eth inst, when a slight ins- London. Para Rubber is quoted 6's per Ib provement in Sterling stocks was cabled from

condition."

Singapore stacks remain in the same lifeless

ing abure.

will terminuta For prompt othing doing and ships are not fa chuarial state at the time of

Balgon/Hongkong -Regular liners are fisoking carjour at io cents and outside of them there is not the slightest chance to place ton unge until next year's crop is put on the market. The newly established lion "Compagnie de Navigation de la Cochinchine seems to haya a strong position, navarai steamers of the com pating lines being compelled to find employ- meht is other directions,

Rice charters in the Bouth are confined to two settlements from Saigon to Philippines on. basis of 25 cents to Manila. Further small cariler offering are unable to obtain a freight. From Bangkok, Saigon to Java and Java to Hongkong-There is nothing whatever, doing for outsiders. As a matter of fact the Javn- Chloa-Japan Lijn having over-supply of ton- nego on hand had to re-let bavaral of their time, charterad boats: MARK

Today's Advertisements.

MAGISTRACY. Tia bereby notifed that a meeting of BAY LICENSING BOARD will be held in the Council Chamber at 215 PM, on 1910 for the purpose of considering the fol WEDNESDAY, the 23rd-day of November, lowicg application under the Liquor Licences Ordinances, 1898-190g; vIK-K

From one PAUL FRANK THOMPSON

for a Pablican's Licence to sail by retail intoxicating-quors as the premises numbered 148-150 Queen's Road Central and 99-101 Wellington Street, under the sign of THE STAG HOTEL

G. A. WOODCOCK, Secretary to the Elcensing Hoard. Henglong, 11th November, 1910, Age (yar

FOR SINGAPORE, PENANG AND

- CALOUTTA [Taking Cargo on through Hills of Lading to Rangoon, Madras and Mauiltins), HE Steamship

CATHERINE APOAR”

Newchwing/Canton's There has not been a long single Axture done during the past fortnight | Caph G. F. Hadson, will be despatched for wharyas reports from Shanghai stats that rạ | the above Ports on WEDNESDAY, the 15th qulanlluern ara frequently fixed in the directi-n-instant, at Noon, Newchwang/Amoy.at $3 cedis, "liner, terms,” Local bean market showing no sigasofimprove, mest, it is now doubtful if importers will go in for faither chartering,

Coal: There has been fixtures la various directions:-Moji/Hongkong $1,75/1.50, Maro- | ras/Hoogkong, P.T., Wakamatza/Swatow $1. Font Courbet/Canton $210, Hongay/Pals, Braní $3.85, Hongkong Coivency, and Labuan)(lello $1.90 Straits Corrency per ton.

Time-charters-The charter of the Norw, s.i, Ule and Promdhus his boaa extended for a short period on same terms, whereas the Germ 1.5. Sexta has been taken up by the Chino- Siamese F. N. Co. for Bangkok trade iz months at $6,000 per month, delivery 'middle of Decembar,

Sail Tonnage loading or to load :-For Bal mors and; New York Bill ship Jute polis 1,611 tone ne reg. fa load in November/ December.

1,971 ton 4th November for Baltimore and

Stil Tonnage Disengaged --None, Departure of Salforò (—Brit. Barque Arrow.

New York,

TEE GAMBLING QUESTION AT

RUANGTUNG,

The Provincial Assembly of Kuanglong cently telegraphed the Trache'g YOLD (Sesate) as under's

telegraphed Peking regarding the gambling H. B. the Viceroy bis written that he has

have duly acted on the instructions and bold question and requested us to re-assemble. We

criminal drama were all Chicago, at Sourabaya,cial sharks who can" manipulate the smell geld at the enhanced rate of $197, but sellers areng qraction we find ikit Canton, is the only

and included a plece geo's dealer and kis

brother-in-law, the accord cabler of the bank and a young swell who is alleged to have been bired to carry out the fraud. The crime was perpetrated on September 14, and a few weeks later, the young dude was arrested owing to bis photograph resembling the features of the ntlerer, and his being flard with money. On the morning after the arrest, which took place at Pasario, be sent two telegrams, through a

baya, in the effect that he was caught, and to say that he knew nothing. The police got hold

and had the gambler aires'ed. Detectives

supplies ka as to get any price they wish. More the world's gold by Caion would only result in over, further demands on the small supply of incressing the market value of gold, to China's disadvantage. To put it in fecal phraseology the value of the last and dillar compared with goli would go dawa-you would require more silver to purchase gold.

China has to pay large amounts of loterest

Banki-Hongkong and Shangbal Banks are the London prize bas advanced slightly 10 quoted $880, with possible bayern at the rate; £86 15. Nationals are wanted at $81.

Matise Insurances-Cantoon are in sequitur medlings,an usual. As regards the gamb unwilling to entertale this figure. Unlors hive place, the world over where gambling in legaliz 1835. Yarisxes ara quoted 195 sollers, and and we cannot help exprewing our deep mmgrog weakened somewhat and could be obtained at ed by the levying of taxei by the government North Chiqas are without business at Tisak that the Goverment should have to resort to Thlt, we think,isa disgrace to the civilized world

Fires are wanted at $16 and Hongkong Fires gambling for revenue. The people look forward

Fire Insurances are still in demand. · China' at $350.

For Freight or Passage, apply to

DAVID SASSOON & Doi 13ITED.

*! Hongkong, 13th Novomber, 1910.

Events Coming.

Saturday, 12th November. Special Dinner, Orientál Hoteli Football, Cricket,

Intimations.

THE DAIRY

ARM'00,

CHOICE AUSTRALIAN BEEF.

LAMB

MUTTON,

HARES

RABBITS

ASAHI

ASAHI

ASAHI.

Ino

SAPPORO

SAPPORO

SAPPORO

BRER.

Harmston's Circus Matince at Causeway Bay 4 pm,

Sunday, 13th November. Al Fresco Fets, Roman Catholic Cathedral Compound,

Harmaion's Circus-at Causeway Bay 9 p.m.

Monday, 14th November, Breaking-up of Camp, Hongkong Volunteer Corps.

Seamen's Institute Concert:

Thursday, 17th Novambar, Prize Distribution at Diocesan Girls' School by Her Excellency Lady Lugard.

Sunday, soth November. Corinthian Yacht Club Opening Cruise,

Wednesday, 3th November,

St. Andrew's Ball.

AWARDED

GOLD MEDAL

ANGLOJAPANESE

EXHIBITION.

PRICES

Doz, Quarts.........o$ 12,90, por CADO

8 Dos, Piats.

OF ALL WINE

MERCHANTS.

PO SING.

JEWELLER AND SILVERSMITH,

'No. L. POTTINGER STANET,

CANTONESE SILVER WORK of every

done" hare,

Moderate

Prices.

Xmas and New Year Presents In great. variety and at special rates, suitable to all

da la Salute Enfance,

Thursday, 6. December. Bazaar at St. Andrew's Hall in aid of aslle tastes and purnes,

Posgkong, and November, 1910.

[68₤

HARMSTONS GRAND CIRCUS

AND ROYAL MENAGERIE 07 PERFORMING WILD ANIMALS. LOCATION: CAUSEWAY BAY.

Matinee: To-day at 4 p.m. OUR SPECIAL PROGRAMME FOR THE LITTLE ONES, NOTHING CURTAILED.

(LIMITED TO SIX ENTRIES.)

most anxiously to see that this is brought to an Steamboats might be obtaloed at $jit. China that it would be difficult to raise money to Shipplag Hongkong, Canton and Macan end as early as possible. Hitherto it was held friend, to the gambler who reside3 at Scura cheapest way of doing this is for the Chinese at the rate. The "Rubi" left Hongkongsor | prohibition of gambling, but now that ways and |

on foreign Isuns in gold, but the simplest and Manilas, after skies at $8, are in amall request make up the deficit of revenue by the sudden Doors open at 3 o'clock. Performance at 4 P.M. sharp. Children Half-price to Mainos only. Government to establish a branch of the Gotte Philippines on the 9th Instant under the means hava bean discovered by which the sum

TO-NIGHTI TO-NIGHT! of the telegrams, telegraphed to Scarabaya, chasing for silver försiga marchaots' bills for allered at Str... Indos have been done at 548 delay. If the Government remains loactive the

vernment Bank in Londen, and then by pbr Americas Alg. Douglas Steamships are on could be made up, there should be at further FIRST then found proof against two other Chinese export cargoes at a lower ra's, and obtaining | bat come a little lower at £5 from London. People may take it to mean that the GovernA Handsome Trophy will be presented to the Competitor making the host attempt at Standing AMATEUR RIDING CONTEST the equivalent valus in gold in London build Star Ferries have not altered from last quota- ment has no desire to promote the welfare of sufficient reserve of gold there to pay the loss of $23. and S11 for old and new shares the people of Kuangtung. Such being the case, China would simply pay for her loans by goods are again slightly easier at 85/- sellers, one ony ak, what is the money derived from interest on all loans in gold. In other words respectively... & hells strengthened to 85/- but the cosa quecce will be deplorable. After all, exported from China, without any duancial

Refisarios.—Ohios Sugais ars out of favour gambling used for? Is it to become porting of sharks feeding upon her necessity,

at 5:45. Loxons are wasker with probab' for the purpose of promotieg the welfare of the the tovenas for the goverment or is it merely

place? If the muster is placed before the Teaching Yuan, wo trust you will see that the as to keep up the diguity of the country, that at question will be dealt with lo such a manner the same time the welfare of the people is pro

of gambling in the province of Kungtung," fected, and that you will memorialize the Throse to prohibit once forall erely description

On October 4, the swelf was recognised by zeveral of the bank officials as the utterer of the cheque. He denied goit and was kept la solitary caficament until he confested to having nceived the amount of the forged chiqas÷ 5:3,000 guilders, aud.to`baving given the money to the gambler.

SPOILED YOUR CHIQUES.

OUR RICKSTA SERVICE. The gambler wai then taken, in hand and af or two days' pressors, he ton, confessed: The disclosures showed that the dealer was lo portation of a large number of up-to-date first We hear that a project is on fool for the fa- foxncial difficulilos, and with his brother-in-class rickshas, subject of course to the sanction law persuaded the dandy to swindle the bank, of Government being obtained for the poleg by presenting a falso cheque. The second of the rebcles. Tam new rickshas will be of Cashier of the back, so it is alleged, promised the best Tokyo pattern, with rubber wheels to help, stole a cheque book from the sifs on and all the fittings 'mecessary to make s'rret the morning of September 14 and gevo it to the travelling comfortable. There is no doubt that gambler who took the book to his house. There there is a great deal of room for improvement he, sot to work farging, but be spoiled four in our present sickahs service, which, despite chequer before su n'ng dot a good counterfeit, the comical differences of grade, appears to be He then went out carrying a city bag, after of oan class only. ' dliecing the gamb'er to wait for him at an appointed spot with another bag`zontalulog a

FOLD

suit of clothes. The man reached the bank, ckered the cheque, received the money, which ka put in his bag, and handed it to the gambler. He then changed his clothes and left for Pas

The gambler stared the spell with the dealer and hid part of the mozzy on the dealers premises. The police went to the indicated spot and found 26,0:0 galiders in's otum stuffed foto sealed bottle, sewn up in Iml'ation Isathura espal

PURCHASE OF JEWELLERY.de The dealer's arrest followed. Pe admitted receiving 23,000 guilders from the gambler, of which he used 12,500 guilde a for paying debis and buying Jewellery. His heus was then searched by the police who found large some Ja notes and cash braides precious stones, and a quantily of new goods. The account thus stands ; 16,000 gallders found, so,non guilders used by the dealer, 1,500 gallders recoverid in Warlons Ways/" and 3oco guilders in goods Corsaire. The order had received

2,000 gull

for ble trouble and it is said that

sman to buySO

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saliers at $13) -

Mining-Raubs are neglected at $64, and there is no business to report in Chloess Engi.

without business at P. 10 cabled at 3/9 from London. Feadwaters ac neering and Mining Co, shares Trongki ats

and Whampoa Docks are steady with buyers Docks, Wharves, and G-dswas,—Hongkong

Tia, 70 from the North, Kowloon Wharves at $49 and Shanghai Docks come nominalai

could be placed at the rate, ara a trīds ozkiør after sales at $57, Hongkow Y. karvas Lave been done at Tls. 95 and more

CUTTING THE QOBOB,

Lands could by plread at $79. Humphreys number of the prominent member of the It is interesting to note that a society for the Lands Hotels and Buildings-Hongkong discarding of the queue has been formed by a are quiet at $7. Kowloon Lands are still in Chinese community. In Hongkong, says the demand at 333, and Shanghai Lands have been Peking Daily News. No pocozlary interarta

on bit fee', three times around the Arena, alded by the Mechanic, N.B.-Special Programme SUNDAY EVENING, at 9 p.m. N.B.-Special Trams will run balore and after the Performance,

... PRICES OF ADMISSION, A Fall Box 6 Chaies ..... van reso§§.02 Slagle Seat (Bar) » ZNÁ Ohales

1.00

Stalls

N

Gallary (Nativas Daly) farven om Soldiers and Sallors in Uallora Half-price to the Stand $2 sata,

BOOKING AT ROBINSON PIANO DO..

MADAME HARMSTON LOVE, Peopristren. COL BOB LOVE, Hanager. RALTON,

14

W. H. BROWN, Agents.

1637%

MOET and CHANDON'S

DRY IMPERIAL CHAMPAGNE

is undoubtedly The Wine for Connoisseurs.

LIEUTENANT Colie S. Inglis, latterly doing day with the Sapphire's destroyers of the Home Flear, has been appointed to the Tamar Hongkong, for duty as torpedo officer, Lieuten ant loglls want adɔat in 1896 as middy, and Cotton Milla-Ewas come Tia, 93 sellers Costume. One of the rules laid down lu that from Shanghai, and Northern mills are ca the society is gon-connected wi h poll'ical mat- changed. Hongkong Coltons would Endars. They discard the queue simply because bayan at $43.

they think it is useless. This is the first w demand at 591, and China Providents offer at Hongkong.

Miscellaneous Chion Bernson are in some have heard, of the queue-cutting society of

done at Tis. e. Hongkong Hotels remala, will be levolved. Persons desiring to become AB supplied to quiet at Soy for the fully paid and are for the members hive only to signify their desire to do partly paid shares West Polats are unaltered away with, the quase on the Erst day of the at $39.

with moon, but they will ratain thair Chinesa'

was promoted sub-lieutenant in 1997, and lieutenant two yours later.

FOR some considerable time an agreement has existed between several of the leading shipping' |

As, however, certain lines have recently bean cutting rates, mire particularly for iron, which has been booked at 151, the Shipping Gewille correspondent understands the conference has decided to take oorgetic measures to stop the competition. The P. and 0 Company will take the initiative by accepting iron af 103

lines as regards freights from Antwerp to Chius.

Tux sudden death is, announced of Me W, Smith, nav i store officer at Chatham Dock

and any men caffed that, this naval store cfficer he was appointed to Hon kong Yard in 801, and served ther Wolag next

sy for fire you

Green Islands have been dose at $375 in small lines. Electrics might be obtained at $20, and Chius Lights are sellers at S120, Watsons are sinudy at 55] Unlon Waterboats are report ed to have been sold as low as $4), but at this rate there are buyers. Morning Poste have been booked at Sag,

571. Dairy Farms remain steady at 5074.

London 11 en demand, 1/to] and the T/T his Exchange The Bank's drawing rate on on Shanghai is'Tis

Baffs,*, who has just been promoted to his fall listenancy in that regiment, ing with the, and Battalion at Hongkong" He was appointed to the regiment in May, 19176 jobfazkang

ORIENTAL studies la London are to receive

LIKOZAKANZ Gerald Q. Henrg 115,

soms aid from the Gilchrist Elacezional Trust,

His Late Majesty King EDWARD VII

The Emperor of GERMANY,

The Czar of RUSSIA,

and to the leading Presidential Banquets both the United States and France, for a num- ber of years.

Secretaries of Clubs, Lodges, Dance Par Dinners &o are invited to write of our Special Prices for these functions

CO

H PRICE

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