1917-08-11 — Page 5

THE SOARING DOLLAR.

Salaries in Cold and Silver.

It is, perhaps, bat small en solation for the man who is paid s sterling salary, at the current rate of exchange, in Chine, to know that 80 vesra ago the dollar

was at about 57. Those were the daye when it cost £150 for a first siaan passage from Hongkong to Southampton, sod when the nearest cable station

Was at

HONGKONG TRADE.

THE HONGKONG TELEGRAPH, SATURDAY, AUGUST 11, 1917.

ALLEGED COAL THEFT DAIRY FARM NEWS.

The Past Fortnight's Features, Important Police Court Case.

The Fortnightly Price Carrent Au important case we heard and Market Report, published by before Mr. J. B. Wood, st the the Hongkong General Chamber Police Court this morning, when of Commercs, under date of two men, the cox-wsin and ope August 10, contains the follow of the crew of Messrs. Gande | log :--

Price and Company's launch Por

Cotton Pisos Goods and Fancy fection, were charged with receiv- Cotton Goods.We have to recording a ton of coal from the Taikoo a quiet interval. No sales of Dock Company's Launch, Shun staples are reported from first. Ho. time

Trieste, which wa "linked up with London by telegraph. It W&A 8

an осезд

on behalf of the first defendant. Inspector Gordon said that yes. tarday Hr. Bird and two detectives from the Water Police Station went on a boat at Bay View, and when passing Mesars. A.S, Watson and Company's aerated Water Factory, they saw Mesra. Gande Price and Company's launch Perfection and the Taikoo Dook

of pirate fleets, deadly fever, eventuated in Lenos. Owing to Wilkinson and Grist, appeared hands but some business bas Mr. C. E. B. Beavis, of Mesara. marder and sudden death, when nearly all of the Europeanser speculation prices on this "in Hongkong were poisoned by side have declined slightly and arsenic placed in the bread by clearances have fallen off. The the order of neighbouring Chinese Manchester Market is firm and mandarine. (No one died of the advancing. Spot Mid American immediate effects, but many

is quoted at 19.854. people never properly recovered

Cotton Yarn.The yarn market their health.) It was in the has eased of somewhat owing to days before the Hongkong and a lessened demand from dealers, Shanghai Bank was founded and who have for the present atisfied several years before the now-their requirements. Quotations Company's launch Shan Ho. nominally-No. 10a at The crew of the latter launch its activities on the China ccset by 165/205. No. 12s at $186/202, was seen passing coal to the Per-

No. 18 st $215/245. No, 20 at fection. opening an office in Shanghai.

As soon as the men were In those days the soldiers in $280/300. Arrivals 6.500 bales observed, the No. 1 of the Per- Hongkong had grievances; they Sales 1,500 bales. Shipments fection made e dash for the shore have a different one now. Sixtynineold stock 2,000 balea.var some boats and there at sear ago they died f, almost Bargaine 30.000 bales.

tempted to bide himself, but he

famous Taikoo firm commenced

are

Mr. Beavis applied for bail, saying that Mesare. Grande, Price and Co. were anxions to retain the services of the coxswain.

like flies, of malaria, and many of Woollene.Demand has been was caught. The other defendant them deserted on to American good and orders have been placed was arrested on the boat. The whalere which called in at the for April. May deliveries next rest of the crew of the Perfection File British Colony. In these year. At the moment business ap-escaped. Three of the crow of the use the scldiers do not desert; pears to bave slackened off a bit. Taikoo were captured sad Canton Sik-Messrs. Herbert their case could be taken with they are too proud of their work. Bat they have a grievance, and it Dent and Co. report as follows that of the other two men. This is a very real one-

under date of July 14:-Stock was a very important case. What the weekly pay, in dollars, 3,000 Bales. Market-Silk. The of a private soldier is can be beginning of the fortnight was sily calculated by anyone, marked by a 1seumption of bay but the foldier fide

ing for America which ended in mach more difficult to bay the settlement of 1800 bales. The

Mr. C. Bond, of Mesers. Gaude Things with it.

All ranks offer, laat week has shown some activity Price and Co., who was present in more or less, but, of coarse, some for Lyons resulting in 800 bales Coart, was acked by bit Worship. ces are harder than others. Men changing handa. Buying proceed if he thought the ex-wain would blow commissioned zark with ed aliough exchange advanced tar up if bail of $200, se arked f.milies must regard the die closing at 5 per cent. higher than for by Mr. Beavie, se pas op. appearing dollar with more

the opening rates of the month.

Mr. Bond replied that be did xiety, if not with more indigna. The weather has been changeable not know, and his Worship fized ton, than the single men. Both and at times unfavourable for bail at $500, 8-vices the navy and the army the prospect of a good 4ib crop are paid at the rate of exchange. I for which the rearing of worms Those who are paid a sufficiently, bas got as far the 3rd or 4th Liga salary monal pay income tax cu earned income which no one ee does in China. (Consular cificiale do EL.)

sleep. Politics in the North have EXCLUSION OF GERMANS. been settled. For about 10 days the faction in power proclaimed the restoration of the Emperor, which, however, was only a short lived reign. Palitica continue psettled. Waste.as been in demand for America,

Home Paper on Hongkong

Controversy.

The L&C. Express Haye We note from the last mail that the official element in the Hong- kong Legislative Council has put is veto

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Let us consider the case of a naval officer in Chins three years

FLAT or SMALL HOUSE, ago and now. Assuming that hie

furnished or unfurnished. Near pay has remained constant at

Flour Market Report-Stock:

Shipwrights, and carpenters Queens Road preferred. Apply £800 per annum, and that hẹ paid income tax on all cf it, at the Total about 200,000 sacke. Quo-

began work June 21 on firet M. c. Hongkong Telegraph respective rates of then and now, tation:American Patent, $4.65

of the wooden vessels which the i.e. at 91. and fod. in the pound. per sack; American Catoff (oom.)

the resolation (Government is going to build se| In 1914 he had $770 left after $3.50 per sack; American brought before it by the Chair-an offset to the German submarine payment of the tax; now he has 8.raight 3.30 per sack; Japanese man of the Hongkong General campaign of destruction. This $700, say, 10 per cent, lees. In 2ad Patent, $3.15 per ack; Chamber of Commerce, to the fact was an autoced by Franklin Lore days the dollar was about Japanese 3rd Fatent, 33.10 per Colony for ten years after the Remington, president of 2/- and to-day in Hongkong it is sack; Japanese Straight, $3.20 war, and that they should only Foundation Company, which has about 2/83. with every prospect of per sack; Shanghai Flour, $3.20 be admitted at the end of that a contract for bailding ten of

period under licence. The these ships. rising, although it seems to lag be per sack. hind the Shanghai dollar. (There Metala. Basiness has been Governor expressed the view that According to Mr. Remington it was not in the interests of the waye for air of the ships bave are mysteries in the varying value dull. Nails and tioplates are of the dollar in different parts of lower locally, with little demand. Colors." Nevertheless, the rejec- been completed in the new yard China which make us all long to There has been business in steel tion of the resolution ereme to on the meadows along the Piesaic learn the science of economics.) bars and plates. No new business bare aroused a good deal of in-River between Newark and Jer- shipments of But to return to the plight of our is reported, local prices in moat ciguation on the part of the wey City. and service man on £800 a year. A cases being below replacing cost.

basipees community. There is material are beginning to urrive.

of stipwrights,| SagarMarket active at ad- no doubt a good deal to be said Hancreas 2 dollar, he received $7,700 for bja £770 in 1914. At & 2/31. Tanced rates for Java.

on both sides, but the revelatione carpenters, camikere, bad other! made as the result of the liquida. (mechanics drawn from the doller, he receives $5,250 for his £700. In other worde, owing to

tion of enemy arms in Hongkong Funndation Company's Construc lends considerable weight to the tion forces of fifteen thousand

ני

"

the increased income tax and the there were other arrangements point of view of the Chamber of men, scattered throughout the

DOLLAR DIRECTORY DOES.

flight of the dollar, he has and it is a somewhat carious Commerce. The matter, of course, country, will be brought to New SAKURA BEER

los $2,450 out of a total

fact that some of the servants. is not one for the interference of York for the work; in fact, many of $7,700; or almost one third obtain a compensation. Thue a catsiders, bat, judging from the have already arrived. of his annual income. Nor is that man is listed at, let as Bay, a fact that the Chamber has re- The date of delivery of the first all. In common with the rest of 3/6d. dollar. When the dollar is affirmed the resolution, and that ship was not announced; but us he, of course, pays the increased at 1/91, he obtains $1,400 if his it has been arolaimed at a great deliveries are to be fifteen daye pricas on commodities and takes monthly salary is 570. There are public meeting, we

my infer spars antil the tan vessels are a part in helping war. charities. But while came. privileged folksy mysteries about the dollar that farther pressure will be completed. The oust to the Gov have a house provided for them heads."

which puzzle even "old China put upon the local Government srament will be 3,000,000.-

to secure the end in view. In

TO-DAY'S ADVERTISEMENT:

PUBLIC AUCTION.

at his Sales Rooms, Duddell Street,

by their employer, there are It has been mentioned that, 60 this connection we may recall the service people who have to pay years ago the dollar was at about remarks of Mr. Gershom Stewart, house rent. And in Hongkong 5. Since the outbreak of war it who, speaking on the Colonial they have recently increased the has varied, in value, almost 50 Office Vote so far back as Jaly, taxes on house by 50 per cent, per cent. in Hongkong.

We 1915, ie, raised it from 13 per cent. cannot prophesy and if we suggest that having now got rid remarked "I might to 20 per cent, in order to assist could we should not ase a newe of the Germans from our Colonies, in paying for the war.

The employers in China, who Paper as a medium of recording we should not be in too great a j engage men on eterling salaries, should simply

oar prophetis powers, but we harry to get them back again. THE Undersigned bas received

pattee book,"

They will always intrigue againat

instructions to sell by Pub- naually make some compensation We cannot

lic Auction on prophesy; as, and now that the osneer of

we for the varying dollar. Speaking mast Tery generally the usual practice fatalism

merely adopt Oriental their presence is cut out, I hope SATURDAY, the 18th Angust,

1917, ia our outlook

on the right hon. gentleman is to pay at about a two-shilling the

the price of dollar. In Hongkong the Govern Three years ago one obtained he can to prevent its malignant dollar. Mr. Bonar. Law-will do all ment servants are, according to about $110 in Shanghai for $100 tentaclea from spreading anew in the latest arrangement, paid 80 Hongkong and to-day the latter par Colonier. They have abused (pints. per cent. of their salary at 10d. are worth somewhere shout 400 car nationat hospitality by their and the remainder at the rate Shanghai. The dollar in Hong-cold-blooded schemes of marder of the day, and that, just now, kong to-day (end of July) is 2/14-sad violated all feelings of fair- works out at about 2, Some Thirty years ago it was 4/31d-, play, and this deprives them of Arme pay one half the monthly but 15 years ago it was 1/6td. consideration." Since Mr. Stewart salary at 1/ad, and the other half There is plenty of opportunity to spoke these words the rentiments at the rate of the day. There are gamble in Uhina without Cras in which one half is paid wheel" or even fantan. But we both in Singapore and Hongkong, the he expressed are more firmly held at 19d. and the other half at the do not like to gamble with all of and it is only to be exposted that rate of the day, with 2 as 8

car alary, especially when we some effort should be made to 17th inst maximum value for the rate of have a family.-Richard. Oliver translate them into practical the day. In the old days of the the N. Q. Daily News, Government serios in Hongkong

effect,

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