1911-05-12 — Page 10

178

THE

Hongkong Telegraph of political thought composing

Hexacore, lnnAY, Alar Lê, Mai

PROTECTION FROM OURSELVES.

(0th May.)

The accident-fund scheme in troduced by Mr. Lloyd George in the House of Commons, referred

or

THE HONGKONG TELEGRAPH FRIDAY MAY 12 1011

PROPOSED CURRENCY REFORM IN THE CHIN- ESE EMPIRE.

(8th May.)

to

if not indignant. Wocan, indeed,

social conditions.

and wo

11

is being tinkerod by the prosent

currency Tool would be minted and reliable in every way, emulated man, "ello doviut singo.” 'n great deal of English trade is to agglomeration of various shades

accord with the Mexican dollar, und that a given quantity wore While not entirely agroeing with be found. The reduction of the which has been current inisaned, it would then be practic the latter sentiment, we cannot naval atrength in the far eastern the majority in the House of

China for a number of years. able for the Government Bank to help endorsing the first, and if our waters was no doubt an admir- Commons. Another great breach

For very many years the Chinese issue notes of various denomina. opposition were only on no-able move in view of the condi- has boon made in this wonderful

have boon in the habit of making tion tho circulation of which would count of au aversion to scoing tion of European politics, so long structure by the passing of the At the present time, and in payments for large sums in what bo supported and guaranteed by woulun descend from her high as it was only temporary The second clause in the Veto Bill. view of the International Loan of is known as sycee. This syecon bullion réserve of such dollars, podestul, wo should considor Anglo-Japanese Treaty was suff. True, it may be, that it has been G. $50,000,000 which has recent silver is in the form of shoes A The Government of China hav-it perfectly justified. Some cient to safeguard British intor- passed by an automatic majority, ly been concluded with the Chin- certain fineness of silver is pro-ing, we will say, accomplished so will say that sheer romanticism cats for the time being, but the true that discussion has been, oso Government, to larger por pared and thou cast into rough much, attention could then be is no argumont, that sentiment question now arises as to whether gagged, yot the fact remains that tion of which is to be used for the ingots, which in making payments turned to the copper and sub- should occupy no place in politics, the Chim fleet should not be a body of supposedly soberminded reform of the Chinose carroney, are taken by weight. This of course sidiary silver currency. This but human nature is not you farthor strengthened, beyond the wisonores have taken the first stop it will no doubt be of interest to further adds to the confused state tokon coinage could be adjusted reduced to sheer passionless lugio, addition of three submarinos, towards the spoliation of British mumy to read something concern of the currendy. The bars of in whatever way would bost suit and still would fain reserve to whose sphere of action is | Parliamentary usage.

ing the prosent currency systom silvor imported into China from the requiremonts of the people, woman that file of reverence necessarily limited. It may be The first clause of the Bill (or want of system) provailing in Ambrica ato melted and used in and the provincial Viceroys or with which she was invested in the nature of foolishness to to yesterday in our telegrams, ie was the direct outcome of tho China, and how the system Thuy the manufacture of this ayceo. Governors of the different pro- nourly as far back us the tardon quoto America or Japan as

rejection of the 1909) Budget Lo reformed, and brought into a There is little doubt that vast vinces could be consulted re- of Eden. ono tint ethically will appeal to by the Upper House. It

potential enemies, but history W modern monetary condition, lay quantities of silver syceo exist in garding the matter, but not It has been argued that the nd does not show that any "ontonte. all shades of political opinion. It natural that the enthusiastic body ing an unit of sinndard, which China, perhaps amplo spread over pormitted, as at prosent, to vent of women voters would do aor alliance is a guarantee of is, in fact, an excellent method of social reformers, dominating would be legal tender throughout the country to meet the miutage coin whatovor they might think great deal towards the ameliora of eternal peace between powerful of making is moral by logis. the Cabinet should resout this the Empire. The monotary con of a now silver currency, and the fit-that power should only be tion of the lot of the female countries whose interests are oft- "wilful and perversa obstruction"ditions, at prosent provailing in belief in some quarters that vested in the Imperial Go-worker. This half truth is por- times inimicablo, and it bokovos Iation and giving us the various

of the furthormice of their pet'China are so chaotic na to be al- China might have to make large veriment Mint. The indishaps one of the greatest fallacios the home government to activo- comforts that 'morality brings in its train. We can imagine the schemes at the expense of certain most beyond description. The purchases of silver to meet the criminate minting of all kinds of that the Suffragette has over putly consider, not only the prosont horny-handed son of toil in Eng-sections of the tax paying com-roul currency of the country con- currency reform, may prove to be subsidiary coinage by provincial forward in support of her caso. notunlities, but the possibilities land solacing his thirsty soul with munity. But the principle of thosists of Cash made of brass or a erroneous, China has been for authorities has worked incalcul A little reasoning will we venture of the future. When two of the the thought that the two pins of clanso was the audacious one that mixture of metal, roughly cast many years manufacturing this able harm in the past, and we to think convince our renders on Lord Nelson type have been added hoor a wook, which his forfeited the lower blouse should hold the piccos, usually having a holo sycee silver, and practically it have at the prósent timen striking the subject. The worth of labour to the Mediterranean Fleet, it is foarponce under the act repre- purso strings and have absoluto in the contre, so that they can be forms the bullion reserve held by example of this in the adjoining is always dependent on the quite possible that the squadrons value of this article which in those waters will be strong. souts, will return to him a hundred control of the funncos of the strung together for convenience the Nativo Banks against pro- province of Kwantung.

nution and that the House of Lords in handling large quantities, missory notes, &c., and is the only There are two conditions in labour produces, and if that onongh to deal with any emer fold in the days when he is no should be placed in such a posi- These pieces in the various pro- tangible medium of value that the rogard to the reform of the bo the euse the wages of the gency, but to bring the China longer in work" earning the tion that if it agreed with the vinces have an whorewithal for the necessary

over varying country may call its own as re-currency in China which are chain maker and the pottery armament up to the required proposals of the Common, market value in relation to the garda silver curroney; of course it absolutely essential-und with land counot be greatly affected standard necessitates; not the pot of "four 'alf." But with well and good, but if they sovoral silver dollars that aro is understood that the Mexican out which nothing wo think by logislation. The price paid addition of a low first class battle. the moagro information ab. our disposal

not current, amongst which we have dollar is current in China, but it can eventuate for the better to labour can never exceed its ships, but the total reorganisation ราค tu the did not, it really did proposed workings of this matter. The Lords by Clauso I the Mexican dollar, the Japanese is nevertheless an imported coin ment of the corrupt and do worth and if woman, tried to raise of the whole floot. On the Stato nccident fund wo are. not

are confined to acquioscence as silver yen, the British dollar, &c., and inay be chopped and defaced plorable suite of affairs under the wage of the poor half starved station at present there are four able to see how it is to be worked. far as finance is concerned. This, all containing about 9-10ths of to any extent when it finds its way which the country is Inbouring iron, worker above its marketable old type armoured cruisors, with An Englishman's home, we are altro, is bad enough, but claus pure silver, and much about the into the scalo us so much with rogord. to monotary matters value by act of Parliament, then totul crews of 5,000 men. The told, is his castle; and wo aro

two is worse. It is a direct noga-samo weight, nainoly 416 grains, Tacl weight of silver, or is re-at the moment.

the employes would have to find best ship is the Minotaur, and Firstly-The Imperial Mint a substitute and the worker's es against it can be placed, on the quite sure that an Englishman's tion to all doctrine proviously ne- Troy. As the demand for Cash logated to the melting pot in the

or dini-manufacture of sycao. The same should be under the control of coud state would be worso than water, by Japan slone, four batter do with us he wills. We fear and is a contradiction of the nistes in the trade centres, so applies to the Japauoso yen, Bri- compotent foreigners appointed the first. Again, consider the armed craft. That in itself is salary, income, or wage is his to cepted by the political economist (currency) increases

markot determines tho tinh dollar, &c., à large number by the Chinese Government. woman clerk, thus been ad- enough to give some idon of greatly that Mr. Lloyd George, precedent of centurios. The tho like many previous rightors of clauso in question provides that number of Cash that shall go in of which are used in the manu Secondly:The issue lopart-witted that female labour only where the balance of power lies the world's wrongs, insists on after a bill, passed by the Com-exchange for a Mexican dollar or facture of syceo. In looking back ment of notes, and bullion reserve owes its success in this direction in the Far East, but when the ignoring the human fetor. We mons, has been before the Lords Japanese yen, &c.; at times the over a number of years it seems held against same should be under its cheapness, and any atteinpt American fleet is taken into con- cannot say that wo have any for three soparato sessions, who- number of Cash to be given in pity that advantage was not taken the control of compotent for to raise ita cost to the employes sideration, the matter nesunes deep

abiding knowledge ther they consent or not the mon-exchange for a silver dollar has to make the British dollar the signers appointed by the Govern will end to the detriment of woman very grave character. That the

from 1,000 to 1,200 standard coin of Hongkong, at ment.

and the rehabilitation of min. So Admiralty is aware of the gra of the English working class insure may become an Act of varied

thoro its native haunts; but wo are quite Tarlament on receipt of the ar noro, but N are the same time declaring the Should the Chinese Govern-much-for-thesuffragette argumont vity of the situation is shown by difforont kinds and British silver and copper sub-mont adopt such a course as above that when an elector she can the construction of huge dry- convinced that this extremely King's sanction. In other words, any Utopian measure will leave it coll. conditional upon the duration weights of Cash, in, the many sidiary coinage the only, legal suggested, it is a pretty sure thing exercise a useful ́influence on docks in those waters, but

of the Government introducing provinces of Chinn, so the number tender in the Colony, The Canto predict that the new currency

venture to think that dry-doska It is still an open question as would be no decisive answer to picturo in our mind's oyo a burly it, any bill passed by the to be given in exchange for a silton Tael weight of 717 equal soliome would be attended with navvy being deprived of his weekly Commons must automatically be- vor piece varios. There is no to 1,000 dollars is a relio of success. Countless pieces not up to whether the female mind can any aggression on the parts of four pence by the charitable come law attori minimum period standard coin in China, the silver the old days in South China, to standard have been coined in dispassionately consider any poli- two countries with whom we ard Boutenuats of Mr. Lloyd Goorge, of three years has elapsed. Sup-dollara above named being and should have been abolished the provincial mints of China. tical question. The conduct of the now at peaco. To build repair- can almost hear the posing the Lords assent to the morely trade dollars, not minted long ago as far as this Colony This must be discontinued if the members of the Women's Social ing yards for a future feet of wails of his badly pail and Veto Bill, an anomalous position in the Empire of China, but in- is concerned. Hongkong would country would have a reliable and Political Union would seem Dreadnoughts obviously cannot badly supported wife when she is at ones created. A government ported by the foreign Banks, from have done well in the past to have and honest currency such as to show that they could not. The enhance the fighting power of the lms to give up three pence out that lasts for five years will ses time to time as may suit, and fixed on a standard coin as the prevails in other countries. The recent scenos inl'artisinent squaro, oxistent ships which could not of the inadequate "honso money,

all its measures, passed in the first when conditions provailing in the monotary unit, and to have declar- temptation for Government to the assaults on Cabinet ministers meet, nu ny equal footing, the Thonavvy we are quite sure would two years, become law solely by exelingo narkots of the Far East of all chopped Mexican dollars, make inordinate profits from the and the like seem to slow that arinadas of other countries whose make romarks about Mr. Lloyd virtue of a majority in the Lower are favourable to the import of Japanese yen, &c., not legal minting of silver-must be over once obsessed with any particular interests are contred in the Paci Georgo, most hurtful to that unse, got together, possibly, by silver, which conditions are large- tender. If this hid boon dono come before the Chinese Govern-idea,,thair minds are incapable of fic. However the object of tho generous gentleman's charitable wild cut olectioneering methods. by governed by the course of trade much of the present day currency ment can hope to carry through accepting anything else. Assuming writer is not to deal with the pos aspirations, while his wife would A party, put in power by the Non-between China and the wostorn, trouble would have been avoided; this much neodol roformation that to be the case, then prejudice sibilities of conflict with Japan or hear more often than before the conformist conscience, could dis- countrios. Such thon is the pro- it is now

incutroney. On the ocine of the would be introduced to a greater America, but rather to refer to the ory of her hungry iron. ostablish the Churches of England sont status of the monetary the day for Hongkong to United States will be found the extent than is now the case. Ex- necessity for greater protection of

Mr. Lloyd Gea invalidity, and Wales by the mere passago method of the Chinese people, make

seeing that motto, "In Deo fidomas." That amplos which show that such is British commerco in these sickness, and unemployment of time. A fow speeches, a clever but there is another important China is about to reform, or motto could never last stamp the case are not hard to find. In waters. In the event of a war insurance scheme is, in fact, uso of the closure, mid a super-factor which must not be lost rather inaugurate, a currency od

coins of unreliable one of the states of America with any European power the only one more example of the abundance of audacity could sight of in douling with the ques-system of her own. Should this mintage-it is the honesty of rather advanced form of female best acties would be to destroy high falutin impracticability carry any bill into being under tion. It is what wo might tormidon, of our Chinese friends be purpose in such matters that the suffrage was established. The the main source of England a of socialistic legislation. To the such a systein. Dobate would be an attempt to form a money carried out successfully, then we Chinese Government must first place was not a hundred miles wealth, viz. hor mercantile merine. heavily paid politician living at a discount, ecriticism a thing standard by means of a weight must in all fairness admit the now learn, and which is absolutely from Montana. So bitter did feel Naturally a wise commander luxuriantly in Downing street the of the past, and the business of

necessary in the currency system ing run between the feminine would fly to the weakest spot and miserable sum of fourponce a the country would be transacted

of all countries, and without members of opposing bodies that that at the present time is un- wook is almo o small for him with machine-like precision, to

which no coinago can ever be the system had to be readjusted doubtedly the Pacific. to consider; i our ponce to the the accompaniment of the party

sucCOBS.

and woman's vote has been re- A flying squadron with an poor has a pure sing power that whip. While no one wishes to

l-gated to the limbo of the past, average couling capacity of 2,000 gives them as satisfactory see the power of the Com-a medium of account amongst rupt currency system that has.

Of course it cannot be said that tons could wreck the shipping of dinner as Mr. Lloyd Georgeous subservient to that of the Chinese merchants, but un-existed in any country, since time

man is a paragon of political vir- Great Britain in less than no would obtain at the Ritz for athe Lords, yet everyone must fortunately there aro many immemorial.

tue, yet no one doubts that he is time, in fact a few converted couple of guineas, and we doubt the advisability of placing different Tool weights in the In the old Roman days the

more fitted by hereditary aptitudo liners, with a befter spoed than dare to say that the socialist him- so much power in such a various cities in north and prorogative of coinage was vested

and training to discuss the busi- the armoured vessels on this self will be one of the first to body as the House of Cominons. south China, so that the Canton in the state and coins bearing the

moss affairs of a great concern station, could do this with im- oppose this "compelling" of the Roughly speaking, it is an irres-Thol, Kuping Tael, Haikwan Emperor's clligy were regarded

such as an Empire.

punity and the dainage would poor to provide for themselves ponsible body. The majority of Customs Tael, &c., only add to the next to sacred and thoir.deface-

be done before any fast cruisere accident insurance and old age its members are morely bound by currency chaos, and still further mont mount sovore punishment to

could be sent out from home. ponsions,

olection promises of the pie-crust complicate mattors. There las any citizen who was convicted of

It would be useless then to con- To the average man out in the order, and the very fact that the been in recent youre is Jarge such an offence against the Crown,

tinue as the Admiralty is at East, or in the Colonies, who party whip has so much power is quantity of copper coinage minted Nowadays we open the mints of

present, and the solution to the stands or falls on his merits, who an indication that duty to party in China which is used by the British India to free coinage

matter would seem to be the rises or goes under according as: first, and country second is of para-people in their ovoryday business and the operations of the speculas of paramount importance, and it yet swept away; yet the fact to creation of a base in Australian ho is or is not worthy, this wot-mount importanco. There is in conjunction with, or inter- tor in silver; happily that has is interesting to note that the mains that he has, successfully waters for a powerful anık speedy nursing of tho individual is rather another standpoint, from which changeable with the cash, alluded now been rectified, and the bill, at prosent before the Com-in most cases, confined his mate lobt, which could cope wish a piteous spectacle. It is this the Veto Bill may be considerad. to above. Silver coins of 20 conta currency system of India to mons, is moulded upon the same to a useful and honoured sphoro any event. Wo aro pleased 10- because, in the first place, it Supposing the Bill became law, (1-5 of one Tuel) and 10 conts have day ranks with, and is as sound lines, TheConciliation Bill, of last of life, and still has been able to note that such a scheme appears presupposes him incapable of tak- it is admitted that the House also been minted, but as al-as any in Europe.

year, was upon much the same conduct bis business on vory, ex- to be in the mind's eye of the ing cure of himself, and secondly, of Lords becomes powerless, roady said no standard silver It would not be a difficult mat-basis, but it mot an early fato, by cellent lines. With the advent of authorities at home, for by 1013 because it exposes govorimonta mere figurehead. If that be coin prevails, without which there tor, if honestly carried out, to put being shelved in the most appro- votos for woman much that sover docks capable of taking the to the attack of the people. 50 any future attempt to reform can be no stability in the local China on a sound and satisfactory printe Parliamentary fashion, be- is beautiful sentiment will be largosts ships will be completed It is to us inconceivable that the Upper Chamber must be exchanges in Canton or any other monetary system, becaues, as ingcommitted to the telor care of swept away. Eve's daughters in those waters. Even if that bo the poorer classes, to benefit abortive if the Bill continues in city of China. It is interesting to above stated, there is no standard a committes of the whole House, will no longer be potential wives the case we fail to see where the whom the new insurance fores, for then the nation would note the quotations contained in coin, either silver or gold, in exis. The main objection to the old and mothers, ruling the world as necessary ships are coming from. scheme is primarily intended, have a reformed House, carefully the daily papers Chinese sub-tonco at the present time, and measure was that while it gave they rook the cradle, but possible The naval estimates, for the past will submit to be muleted of rondered useless by provious sidiary coinage 7 per cent. therefore no unit to be displaced, the vote to women of property tho antagonists in politics, sport and few years, most certainly have oven the smallest fraction of tlioir legislation. This must have been discount, which in reality or demonetised, to use the techni-humble worker only benefitted to business, and if such should be not prepared for the equipment small wages. Wore we in their soon by the framers of the Dill, means "Wanted a standard." cal expression. Srces silver the extent of one-tenth of her the case, the often foretold war of of a powerful flost in the Pacific, position we would be equally and the indictment must follow If a standard dollar coin first of all would have to bo number. Such an objection was the sexos will no longer be a and do little more then fill up the, disinclined. Neither Mr. Lloyd that the measure is merely of wero decided on by the deprived of its power as legal good enough to spoil the chances of thing of dim fanciful prophecy, gaps caused by the scrapping of George, nor Mr. Asquith, nor Mr. temporary nature, brought Chinese Government, based on tender, and forbidden as such the bill of 1910, but unfortunately but a terrible reality, a reality vessels in the home waters. Balfour, nor any other politisinn into being to secure the passing the Canton Tael weight, that coin by law. It would be necessary to it was not a lusting one and por that would bring more misery in It would in the end prove for H or political economist, gront or of proposals which have time and would be about the weight and have a Government Bank of mitted of an easy evasion-simply is train to this globe than a more economical to have one, smail, will ever succeed in re- time again received the country's fineness of the former standard China" with the head office at the modification of the proposals. hundred sanguine work.

strong fleet than the conglomera moving from thisworld the human vigorous disapproval. It amounts silver coin of Japan-tho Japan-Peking, and branches at all the · However it is not our intention

tion of useless craft that we have. olement, and while that remains, to an, attempt to subvert the oso

yen

of China, to discuss at any longth the PROTECTION OF BRITISH would bonceded se well to replace grains 410 Troy important cities

nt present, though smaller vessels morality or luxury for all by national constitution to the ends 9-10ths fine and it is not working in conjunction with an sobenies brought forward by many legislation is an impossibility. of one small party, whięli by the haprobable that n' standard Imporini mint established only in of the allierents of the move- swing of the pendulum has been coin of this weight and the metropolis, where all standard ment, but to examine a few placed in a dictatorial position, fineness may be decided by the currency would be minted of of the reasons given in support of The Liberale aro in a Bacon- Chinese Government, 16 the true dary position, tho Irish monetary standard party are dictators," and to fulfil their bohosts, constitution, precedent and the nation's wielos

THE VETO BILL.

If Simon de Montfort could walk into Westminster Hall to day he would weep tears of blood over the manuer in which the con- Mutation, primarily not up by him,

measure, or Thel woight of silver. This Tael weight in the Can- ton and southern provinces in equivalent to about 580 grains Troy, and is largely adopted as

717x580

1,000,0

grains,

415.80

movo

rather late

currency here seeing that we have long ago put aside all ideas of reform ourselves, and have for years past been content to remain supporters of about the most cor-

on

WOMAN'S franchise.

(0th May.) Tho introduction of a bill into the House of Commons, to give female suffrago, in even the most modified formi, is an event which must provide much food for speculation. Already the legis lature has laid down the rules governing the extension of the municipal vote to the fair sex, making the proporty qualification

Man has, perhaps instinctively, endeavoured to shield woman from the stress and storms of life. It is true that, in doing so, ho,has created many abuses which centuries of legislation hava not

COMMERCE.

(10th May.)

the various obsolete small craft that wonow have within this area, Suoli a floot would requi Дане. say in Australia, withe

weight and fineness, the demands of such bodies as tho unit and bearing the effigy of Women's Bobial and Political the Emperor, in the same Union. There was an old French manner as our coins bear the writer who writing on the quasi- elligy of the King. Assuming the upward movement of the fair standard coin to ban silver dollar sex wrote that woman as women of full weight and fineness, truly was adorable, but what to in the Pacific Ocean, where su

Now that the home gover ment has had a chance to effec- cooling bakes, The tively organize the fleets in the provo a thorn in Atlantic and North Seas, it in fit Power win had ting that come attention should be that continent' pald to the state of naval affairá

have to be swopt aside like dust In any case a standard coin based on a windy day on the weight of the Canton