THE HONGKONG TELEGRAPD, SATURDAY, DECEMBER 27, 1913.
Bright Hopes
DAY BY DAY
Britishers generally will have welcomed the announcement conNOTHING TRULY CAN BE MADE
A. S. WATSON & Co., Ltd. ained in a telegram which we MY OWN BUT WHAT I MAKE MY
ESTABLISHED 72 YEARS.
HIGH-CLASS CONFECTIONERY
SELECTIONS OF THE PUREST & FINEST QUALITY, IMPORTED FROM THE LEADING LONDON, NEW YORK & PARISIAN HOUSES.
OHOOOLATES
OADBURY'S
IN FANCY BOXES, IN GREATY VARIETY. BOURNEVILLE NUT CHOCOLATES. FULLERS CONFECTIONERY
ASSORTED OHOCOLATES. MARZIPAN CHOCOLATES CHOCOLATE CARAMELS, CREME DE MENTHE DELIGHT, CARAMEL MOU A LA OREME, ALMOND TOFFY, PEPPERMINT, &o., &o. KOHLER'S CHOCOLATES
JAGOUIN'S NOUGAT FIN.
GALEY'S ORAOKERS.
The Hongkong Telegraph.
HONGKONG, SATURDAY, DECEMBER 27, 1913.
CHINESE AND INDIAN CURRENCY.
published yesterday concerning OWN BY USING WELL."--Middleton. the much-disputed Panama Canal tolls question. The new attitude
The Malls.
of the United States Government Australian oft per a is to suspend the provision exemp-
Coblenz at 9 a.m. to day.
Kanchowat 1pm, to-day.
To Consignees,
1888.
HONGKONG TWENTY-FIVE YEARS AGO.
Vetoed.
PANAMA AND OUR
DOLLAR.
[Specially Contributed.]
An article on "The Indian
EX-POLICEMAN
CONVICTED.
Stole Zinc at Kowloon,
A Chinese, an ex-constable, waS
(Compiled from the "Hongkong
Telegraph" files for the Weak Commission and Silver" appears arrested at Kowloon, yesterday in the November Nineteenth Cen in possession of a piece of zine to Ending December 97, 1888.)
tury from the pan of Mr. Moreton which he had no right. He told Frawen and is of the greatest in-the police that the metal was terest to all communities using given him by an Indian but this December 22.-" After about silver as the basis of their ooinage story w proved to be falme. two years intermittent labour an and especially to those who, like Alice Court, this morn annexe to the Government Civil ourselves in Übins, are likely to ing, Mr. Hazeland, fined him Hospital has been practically winds in the near future tremen. 810, or in default one month. used as a fever ward, principally, owing to the opening of the Pana- complated. It la intended to be done dustustion in oar oarranoy and will contain twenty-five beds Canal, the panding US, coa land's trade in the Erat goes in the four rooms, which are about trol of Mexican finances, and the astray with the fall of silver. In 45 feet by 25 feet, besides offices, not unlikely recommendation of quarters, etc. As a sort of semi- the Royal Commission now con June 1893 the closing of the official inauguration, Dr. Aikia sidering "the measures taken by Indian mints sent silver down 9d. son, the House Surgeon, a week the Indian Government to main an ounce. Now in 1892, Bake- which many local vocalists had rapes and whether the existing for 1600 toas of iron water pipes. or so ago organised a corcart attain the exchange value of the date had advertised for tenders tious were sent out for last night, toreats of India,'' consented to assist. The invita practice is conducive to the in- A British firm obtained the con
ting American coastwise vessels Siberian Mail.-Closes per 6.8. from the tolle for two years, after the expiration of which period the President will have the right| to enforce the exemption "if dip- Consignses of sargo by the'a... lomatic questions are adjusted Kandahar and the . Silesia are and the revenue from other vessels remluded that goods remaining suffice to defray the Canal expenundelivered after Monday will be ene". In face of existing Treaty
subject to rent.
made a mistake in proposing the obligations, America undoubtedly Hongkong Christian Union. exemption, however natural it) Mr. E. T. Williams will speak might appear that she should of the insting of the Hongkong secure some material advantage College on Monday next at 5.30 Christian Union at St. Paul'a from the great work she has carri-p.m. ed through. However, the error
and many, including Dr. Stewart, Mr. Frewen recalls the familiar tract at 4 guineas per ton. This is now being adjusted in the best
whilst Acting Governor, accepted, efforts of the machinatione of the cost Japan 28 of her silver dollars, possible manner, and we have
with thanks, His Excellency Indian Government in 1900 when per ton. In 1891, Hakodate great hopes that long before the seventeen men on a gambling returned on Tuesday from plea- perial finance) unfortunato re- and the same British firm tender- Inspector Dymond arrested Sir William Des Voeux, who the (from the point of view of Im- again wanted 1500 tons of pipes expiration of the two years, the warrant at 248, Queen Road suring, apparently objected to commendations of the Fowlered, and this time at 4 soverigua matter will be satisfactorily West, yesterday. Nine, who were
this innocent celebration, and committee of 1898 were pat per ton. But now the exchange, adjusted.
allowed out in bail of 35 each, sent an intimation to that effect to practice to establish a guldi instead of 28 dollars for failed to appear at the Police on Thursday His Excellency's exchange standard in India, and guinege, was 40 dollars for 4 Court, this morning, and their taste in vetoing a semi-private more than a year's outpat of the sovereigns; and, this being so, bail was estreated. The other celebration of this kind is open to world's silver mines was pur- Elakudate refused all the teaders, eight were remanded for legal question, and we certainly wonder chased, sending the price upevery-ereated her own iron foundry. at his disregard for the conveni- where. The immediate effect was and has since become an ind ence of everybody concerned in to reduce Chinese importers al-portant exporter of iron water doing so at the last moment, next three years the Indian Go
most to insolvency. For the pipes both to China and India," when infinite trouble and some sent us a goodly sample of their decorating the rooms, sending weese, the stud fall market wont to wards Lord
The above example makes clear Pilsener Bear which has brou and accepting invitations, prepar-pieces, the tael falling from 35. 7d. governor of the Bink of England) Messrs Michael & Co. have expense had been gone to in wornment purchased no silver the remark of Mr. Gibbs (aftor-
found an excellent table beer for ing songs, eto.
Aldenham and The least he to 29, 51, in a single quarter at the before the Chilian Gold and
Alleged Gamblers.
representation.
An Excellent Drink.
to
་
The Christmas Disaster."
Once again the Angel of Death has been abroad in the land at Christmas. The shadow of his We publish in to-day's issue some extracte from an article on winge has darkened the festive the Indian Currency question by Mr. Moreton Frewen in the "Nine season. It is not altogether teenth Century" of the kind which we are now accustomed to expect curious that there should be from that ardent bi-metallist. He is of course very severe on the calamitons happeninge at Christ Botion of the Indian Government in instituting & gold standard but when one recalls the state of India's finances before that measure, mas, for there is, on railways for the holiday season, and for all could have done should have end of 1907. This fall in silver and Silver Commission in 1883: one must admit that some such action was necessary if the Indian example, an extra pressure at this other seasons. The same may be been to let the Hospital author is practically a subsidy on Chineco" I shall be exceedingly surprised Government were to avoid bankruptcy. We quite sympathise with season and perhaps, on occasion, which can be recommended. Thess Excellency's high pleasure that and bounds and "the next result dispute the general statement said of their Gold Leaf beer ities know that it was not His exports which went up by leaps if any inteligent person will Mr. Frawen and his friends in the losses which holders of silver a lessening of attention. But are finely-flavoured beers which the concert should take place, was that Chiris, unable to bay that & depreciated currency have suffered by the fall in price, but we cannot understand why that does not explain the dir-all lovers of a really good beer and a moment's reflection would our gold (exchange) and thus our decreases the initial cost and other commodity which falls in value. It is a question of supply of fire was raised by a bearded man try. they should demand special legislation for it any more than for any aster in America. A false alarm should by no means neglect have shown him that what his steel and iron, for the first time stimulates the production of and demand and of the weaker going to the wall. It is always hard at a ohildren's celebration, and in on the weaker but such is the law and having said this we can do the panio which ensued, 'ovor
in history erected for bereolf in commodities intended for ex representative, Dr, Stewart, had practically given his patronage and commenced the export of
Hankow great steel-rolling mills port." Acked by Lwd Horschell no more. We do not fly to legislation when Copper or Tin fall and afty children and our silver friends must realise that they are in the same boat and and women were killed, The
to could not be seriously subver- sive to discipline or injurious to Pig iron in full cargoes. Han the advantage
in your that silver is only another metal. Mr. Frewan approves of the free man who plays a trick of this
the community. soinage of silver by India, France and the United States, by which kind should either be in an asy- he says 11 rupees or 3 taele or 5 dollars would buy a sovereign but lum or hanged for murder. He be objects to India's present arrangement by which the value of the is a serious public danger. There rupee has been raised to 15 to the sovereign, although the real value is can be no purpose in this kind of about 24 to the pound. The only difference seems to us to be in work beyond that of satisfying degree, Nor does he shew any reason why we should be forced to the bloodthirsty aravings of some accept 11rupees when we ought to be paid 24, for although he pointsin mad man who is at large by glowing coloure the disasters to China's imports from low silver he mistake. Any how it seems es has to admit in the same breath that her exports are thereby thongh Christmas can never stimulated to the same extent. The only evil is the fluctuations in pass without its dark happen- exchange but these have not been great of late years and if Mr.inge. Frewen and his friends will leave legislation alons and let silver fight its own battle, are not likely to be repeated.
some men
Bolaboured Workmate with. Chopper and Hammer.
If we understand Mr. Frewen aright great dimster is to flow DANGEROUS CHARACTER from the present system in India by which the rupes is 'maintained at 18/4d but if so how much more will disaster befall her if she adopts Mr. Frewens ideas and forces the value up to 1/101? We quite believe that a day of reckoning must arrive for countries whioli artificially maintain the dollar at 4/2 and the rupee at 1/4, when the real exchange value of the one is under 2/ sad of the other about ten-Acting Instpector Garrod, to Mr. pence, but we cannot agree that artificial measures will improve matters quite the contrary and the only advice we can give them is to set their houses in order, face the loss and get on a good havia as quickly as possible; and that we understand tention of the Indian Government.
is
the wish and in-
According to the story told by
Wood, at the Police Court, this morning, & Chinese carpenter had a quarrel with a workmate at Mount Austin Barracks, and Fo coming heated, struck the other.
prisonment was passed.
A sentence of three weeks' im-
THE “TELEGRAPH'S” ACROSTIC.
FILLARS.
Good old Bill! They've got
you through. It's time that Hongkong had
one too.
BARS,
1.-4 saline wit, Against the
sky.
The home of genius we
espy
2.-A suffragist bird from a
southerly land,"
66
So this must suffice for a trip
of sorts. Am 7.-One of a number that of late we've seen,
But up to the present no use
it's been.
8. If the Christmas feast could thus be knowE,
Then
view
10
vang is to-day saling high-grade producer in silver-nsing countrion the pig iron f.o.b. for 16 toola a is simply that he paye less wages? ton. Now the gold price of 16 Mr Gibba replied taels in 1873 was 5 griness, in wages."
Lona gold
Cricket. December 22.-The annual
1907 it was atill £2 108,, and in At this moment," comments match between Hongkong O.C. and the Garrison concluded on tafe to say that no white labour South America through exchange 1908 only $1 18s. 8d. It is quite Mr Frewen, "the loss of "gold by first innings by 26 runs. For the pig iron for any such gold price, member. The price at which this date, the latter winning on in the world has ever produced discovers Brazil the weakest top scorer with 31, other good and for this, the convulsion in Brazil can produce for export losera L.D. Crichton, B.N., wAS scores being T. Sercombe mith, silver operations Lu 1907 must be world's price of those two staples. exchange caused by the Dials rubber and coffee dominated the 20 and 12, F. Maitland, 15 and 13. Major Churchill, 58th Regiment,
held directly responsible.” headed the list for the winners instance to show how Eng, Mr. Frewen cites an excellent with 30 to his credit,
1888.
SHARE REPORT.
per cent.
العالم
fact that the premium on gold'. A fall in the price of silver is. merely another expression of the has risen, and this not for a mere handful of South America farmers, bat for 800,000,000 Asiatica... Thus the opening of the Panama, Canal presents as with the silver question once more. 08 the predominant economic issue of
:
Mr. Frewen as a silverite has a-
Hongkong Choral Society December 24.-In this issu Its head is not seen; but it's:
there is a longthy account of not in the sand,
performance by the Hongkong 3.-"At Chester, while he Sullivan's "Iolanthe". The fol- Choral Society of Gilbert and lived at more than lowing comment is worth repro kingly charge,
The quotations which follow our time.2 dusting"As a whole the cast of are from the Hongkong Tele- Eight tributary kings, there
rowed him in a barge." principal characters was weak gruph for December 27, 1888,turally not a good word to my for 4-May help to keep a stable have to place it on record, but we-158
decidedly weak. We regret to Hongkong and Shanghai Bank. India's present dishonest cur As for China, to come nearer home, Mr. Frewen admits that the man with a chopper and a ham-
hand low price of silver and low silver wages of her people stimulate her mer, infisting three wounds. The
have spenchant for the plain un buyers. Or
premium, renoy-selling 91 for 16d to the may be highest in the varnished truth, and a exports and enable her to manufacture for herself goods which she man sssaulted ran to Tadian
land.
natives--because, as he says, in very formerly imported from Europe and America so the rosult is far constable 370, and the constable,
awkward and inconvenient habit Canton-890 per share, sellera Nabobs, their life's work done at Union Insurance Scioty of 1898 a handful of wealthy 5.-Is it light-fair dealing's of telling it malgre the conse- from being disastrous to her or other silver using conatries, No who saw the defendant giving.
great upholder-quences".
China Tradera' Insurance Unim. forty, and anxious to remit home doubt the ideal for both India and China is a gold currency, and chase, arrested him.
A spasial word of Just to leave me thus with thanks is penned regarding than $75 per share, buyers at 18d rupees worth (intrinsically) India has made one step towards it by adopting a gold standard but.
the law's cold shoulder. pinaniet, Mr. G. P. Lammert. 290 per share, buyers.
North Ohias Insurance-Tls. 9., "took advantage of the China mast, we fear, remain for many a long day yet on a silver quarrel over some tools which Defendant said they had a basis. She will suffer as India suffered by the loss on payments were his. By
6.-We can't spend the winter "Throughout weeks of weary re-
ignorance and innocence of the in Swiss resorts, abroad in gold, but not to the same extent, as she is not compelled, bow" he struck the complainant
Canton Insurance Company, government of Mr. Gladstone." "mistake soms
hearsal he has been invaluable, Ltd.,-897 per share, burers, The effect of debased currency on as India is, to maintain a great number of foreign officials on high with the chopper and the bam
and his brilliant playing was a salaries or to make huge remittances to England to provide for the mer.
conspicuous feature of Saturday's pany
Hongkong Fire Insurance Com the mortality in famine time is
8340 representation". payment of pensions and other expenses attending the administra-
per share, sufficiently elucidated by the buyers. tion of her government by Great Britain. As long as China is tied
following question pat to the Magisterial Matinees.
China Fire Insurance Company writor by Sonator Teller during to the use of silver she must take full advantage of the benefit her
December 27.-"The nocomoda-
$78 per share, sellers, the U.8. National Monetary Com export trade will darive from it and avoid to the best of her ability taking loans from other countries payable in gold. By developing
Hongkong and Whampoa Dook mission; which he was unable to ting Magistrate who held matinees Company-40 per cent. "pre- answer and which so filled him during the holiday had not amium, buyers, her resources, by more efficient methods in tes growing and silk pro duction, by refraining from wasting money on large armies or a
with shame that he observes “if” nothing worth reporting. This Steamboat Company-8221 per should in future refuse to appear feingle full house, and there wAS
Hongkong, Canton and Macso is all-important that Englishmen costly, navy, and by atriot economy and honesty in all government The telegram quoted below departments she can live within her income and parry on a flourish-was received by the American
morning Mr. Pollock frowned on share, sales and sellera. ing trade with all the world, Mr. Frewen's impressive piotures of Consulte General Hongkong from
two sons of Mars-Privates Jones
in the witness chair before any of the yellow races driving everyone else out of business leaves us the Manila. observatory at 9:30
Simmons, of the 58th. They Company-$175 per share, Such questions as these are not China and Marila Steamship foreign currency commission. had been trying to uphold the sales and sellera. cold. Wish oheap silver and obesp labour China is in a good posi-e.m. on December 25:- tion to-day but how long will it last? The more she prospere and the
proud boast of their Regiment that
questions which should go by Opalone or Typhoon- E. of
Hongkong Gas Company default." Here it is'i more money flows into the country the higher will the cost of living Bouthern Lazco. Moving N, W
any two of them could put a $135 per share, sellers.
Now and labour rise. We need not emphasise this point to Hongkong N. N. W.
head on any one policeman and Hongkong Hotel Company that our people here, instead of suppose, as was the osse in India. people for everyone who has lived in this colony for twenty years
Major C.CO. Cobbe of The Buffe, were going along Queen's Road Indo-China S.N. Company-17 in coin, melted down the coin
they had got badly left. They $170 per share, nominal. has learnt by bitter experience how rapidly the cost of labour and ressived at 11.50 a.m. on Decme- joined the te through the ning, when they met a coolie, Douglas Steamship Company-for safe keeping. Supposing we
The following telegram was has gone on fatized pay. He East very early yesterday mor- per cent, dis., sellers.
keeping their gold in the banks living can rise. No we are not afraid; there is a law of compan-ber 28- sation and too much of anything always seems to bring the contrary
militis in 18was for five years who omitted to knock his head 365 per share, buyers.
and shackled it on their limbs effect to that which it at first created,
Cyoloca or Typhoon-E of an adjutant of Indian Volunteers, three times on the ground. China Sugar Refining Comment closed our mints to the free Luzon more than 300 miles dist and has the Chitral expedition Jones's fiery Welsh food could pany, Ltd.-8107 per share, coinage of gold, and sold a coined had a famine, and the Govern But we must not leave Mr. Frowen and his friends quite hope.ant, recurving Northeastward.
and the Malakand campaign to not brook this, and he emote, the sales and sellers.. less. Although we cannot see that there is any need for silver as our
to his credit. rency, except for subsidiary coinage, we can see many other asas
coolie on the sar, A Sikh came, Luzon Sugar Refining Com-gold but, for perhaps twice its gold dallar not for its weight in for it which its low cost should develop. Chasp silver like rubber
up and seized him, whereupon pany, Ltd. 888 per share, weight in gold, and that our ped- Flintshire Sold, may be a blessing in disguise and increased consumption and new
Miss Maud Align.
Simmons attempted to make him salls and sellers. zanrkets may result in an enlarged turn-over which may more than
let go. They were both ultimate Hongkong Toe Company-$100 artificial prico exacted by our offset the fall in price. We see no reason whatever to despair of quired from the Royal Mail Steam jury is of such a serious nature iniously chased by a Chinese Hongkong Rape Manufactur- they bought their food; to this
Miss Mand Allan's recent inly arrested, after being ignom- per share, buyers.
ple proceeded to die from the The Ellerman Lane has so the future of silver it will work out its own salvation like other Packet Company the steamer as to necessitate her taking com policeman. Jones admitted hiting Company, commodities, but the sooner Mr. Frewen and his friends realise Flintshire, of 2,404 tone not replete rest for four weeks. She ting the coolio, and Simmons share, sellers,
India has done by its citizens ? that silver like the housemaid is to be let alone and that no good gister, which was until recently proposes to lenye Bombay for a agreed that he might have given
Lid. 879 per exactly what the Government of eason can be shown for artificially raising its value in gold by, on the Far Eastern run and has more bracing climate, probably the Sikh one-but a very little sad Godown Company-76 per tion, be great unrest in the United pecial legislation the better it will be for the metal fiselt, b
Hongkong and Kowloon Wharf Would' thers under similar condi renamed her the Algerian; going to Darjeeling--
one. Six dollars each."'.
sent, premium, sales and callers. States?
TYPHOON WARNING,
It's origin surely were better
shown,
[Answer on Monday.]
Majór C.C. Cobbe,
officials for the coins with which
No comments yet.
Private notes are available after approval.