1917-08-14 — Page 9

·RÉSTORING DEVASTATED

TERRITORY.

American Civilians Aid the French Authorities.

the

情

15 CHILDREN IN ONE GRAVE.

Funeral of East London Raid Victims.

't

the

THE HONGXONG TELEGRAPH, TUESDAY, AUGUST 14, 1917.

COMMERCIAL 'NEWS.

CAPT. RIEPENHAUSEN.

Admiralty Reinstates Veteran Skipper.

We are glad to announce that the Admiralty have reinstated Captain Rispechansen, of the Blas Funnel Line, in the mer chant service sare the Daily Chronicle.

Great indignation was caused in seafaring circles when, in the

the early part of

rear, the Admiralty refused to give the captain the secret instructions required by master marices. Sir Edward Carson's explanation' was that Captain Riepenhausen.

Wad

horn before his father ws naturalised, in 1877, and that ss the son of a German he must ha refused his ring asa seamer. It was pointed out, however, that

The Royal Statistical Society.

At the meeting of the Royal Statistical Society, Professor J. Shield Nicholson, F.B.A.. read a "The King asks that you will paper on "The Statistical Aspects | aseare the parents of those child. of Inflation." The author explain- ren who were killed during the ed that by inflation is meshtan French Front, June 11-Ameri-air raid on June 13 whilst at sbnormal increase in the currency can, French, and British civilians school, how his Majesty and the as contrasted with the normal are working in closest co-operation Queen are thinking of them in growth with trade and population. the French military and civil their saddened homes, especially The increases in the different

restoring authorities in

the to-day when the bodies of their forms of currency in the period of, the war must be compared with! territory devastated by the Ger little ones are laid to rest.

pre-war normal rates of mana when they shurriedly quit "The early ending of young

In the two weeks end- the lives they had held for two innocent lives, at

all times increase, Feare from Noyon to the Somme pathetic, is made so more than ing August 20, 1914, postal orders. The Associated Press correspon-ever in there cruel and tragic over 13,000,000 in number of the deat, after visiting Noyon, the circumstances. Their Majesties value of 4.6 million £ were issued, adopted daughter of Washington, pray that the mourners may be compared with 5,000,000 in num went through the entire district blessed with God's help sad com- ber and £2,000,000 in valus'in 1913. There postal orders were and observed what was being done. fort in their sorrow."

Others bave followed

This message from the King made like gold, full legal tender example of the Federal capital was read recently by the Bishop to any amount, and may be re- and have devoted their energies of London at the funeral of the garded as the beginning of the car, to the succor of particular local East London children who were rency notes. As the currency notes

the captain cannot speak or write itise. For instance the American slaughtered in school by German were issued they were gradually Fund for French Wounded has airmen.

withdrawa. From 1872 to 1913 or read a word of German, that the net issues of silver coin (after he has no connections in Ger stepped aside from its origins! idea and taken full charge of the

allowing for withdrawale) averag-many, and that be liss, beer 28 hamlet of Behericourt, with its

ed about £350,000 per annow. Jeste anfficer on Messrs. Hold' 125 remaining inhabitants, all of

Signe of sorrow and empathy Ia 1909 there was a pet lose, but ships. in the greatest were visible throughout the whole 1910-13 the average net increase wbom Kere distress. American women have of the Etat End. Ons every hand was nearly £875,000 per sanam. seen to it that all these poor blinds were drawn, shutters fired For the five months of war in people are provided with their and flage had been lowered to half 1914 the ienes most necessary requirements in mast. Overnight the little coffins £5,000,000. The monthly in the way of food and clothing. had been carried into the parishcrease for the five months being The Comtesse de Chabrannes charch at Poplar, where yester- about 35 times the average of Le Pallice bas taken to herself day's funeral service was con. the 42 years and 14 times the The hamlet of Maucourt, of which ducted by the Bishop of London, high average of 1910-13. The only heaps of bricks and stones assisted by the Bishop of Stepney net issues of silver for 1915-18 remain, and will rebuild it.

And the rector of Poplar. The were over £7,000,000 a year, or Dr. Baron Heari de Rothschild hymna song were "There's a 20 times the normal. Although has opened a food and clothing Friend for

"brozze is small change for silver Little Children," depot at Noyon, to which he sends" Loving Shepherd of Thy the pet issues how remarkable

The annual pre-. everything necessary, to keep life Sheep," and "O God, our Help divergences.

WBO about going to any applicant in any in Azee Past." The PealnThe war

for

the part of the afflicted district.

Lord is my Shepherd" was also £150,000,

Оде

י

Fifteen of the victims were

baried in one grave. They were mostly about 5 years old.

"ཟླས

average

were отег

though All this, however le but a drop sang, and the Dead March in two years before the war this in the ccean when it is realised "Saal" was played by the band annual rate was doabled. In the. that there are 243 villages and of the Poplar Training School. was period of 1914 and in 1915 hamlets spread over the French As the proceseion left the church the pet isenes of "brocze did not zane alone of the country which the band played a special funeral exceed the 1912 13 smount. the Germans, before their retrest march embodying well-known There was a rapid increase in 1916 to about three times the pre-war tried to make into a desert.

bymes for children. hundred of these small com.

The coffins were carried to the average The gold coin in the munities are now just heaps of East London Cemetery in eight United Kingdom increased from stones and bricks, without coe hesrees, and there were 70 carri- 1903 10 at the rate of £2,000,000 babitable room or cellar among ages of moarcera ia the pices per annum, but from 1910 to the the, while of the remainder; one-sion.

Playmates of the dead outbreak of third, were partly demolished, and children threw flowers into the the rest only slightly.

big grave.

ง

war the rate of increase was nearly £14,000,000 per annum. For the six years In this region 35,000 old men

An immense throng of people before the war the rate of incresce was about £9,000,000 per annum. and women and children ander

watched the procession.. fifteen years were left withcut

The wreaths, numbering over Io the first five months of the shelter or food by the Germans, 500, were gathered together in war the Bank of England receiv some 12,000 of these were eve the town ball. They were

of ed additions of over £4,000,000 the custed immediately

great beauty. They came from gold (some being leftis Satb where. A Tolerior of France,

the teachers of the school, the Africa, Canada, :) In spite of

this

position the school, residents of the neigh-currency noted for one pound

proportion of them joined their playmates and other children st BIJODK · gold

relativer..

Captain Riepenhagen was born in Scotland, of a Sentil mother, and it was solely on sech ni cal grounds that be ems ander the Admiralty' ban. As the result of influential pressure, the authori ties have now perceived the in justice of their attitude, and the

SLADY friende wil ciptain's

The military authorities have bourhood, the mayor and corpora and renebillings were issued, grappled in a masterly way with tion, thestres, picture palaces, ensibly to take the place af the vast problem which confronts music-balle and military hospitale. gold. The amounts of notes out- them of providing for a large In bis sermon at the church the standing were: Dec.. 1914, 385 destitate community immediately Bishop of London sid

that lico; Dec., 1915, 103.1 million behind the lines where a shield daring the 28 years be bad wok-£; in Dec., 1916, £150,000,000. of French flesh and steel wased in London this was the most The gold held for redemption of holding back the Germana from touching sight he had eeen, and the notes has not exceeded £28,- a possible return. They estoit was ouly with broken words 500,000. The average addition work to organise the country and that he could express what w89 of currency notes, 191516, is ite people. The first step wes to in their hearts, Little did we £55,000,000 per annum, which provide food, and this was done expect after 2,000 years of the compares with the normal in through the military com teaching of Christianity that war Crease of gold for siz pre-war missariat, se there was no means would be made on women and years of £3,000,000. The currency of civilian transport of supplies children, but it had come to pass notes are propeily considered a from other parts of France. and their soule were filled with onto addition to the volume of the Then came the question of aral indignation. He did not be more of the country, because putting in coltivation again the live the mourners would wish that they are used in place of gold, 250,000 acres of agricultural land sixteen Jerman babies should lie and the gold was withdrawn to be comprised

the French dead to avenge their dead. The pat to more effective monetary It late in the increased cutpat of all instru use. In chequer, which are often but a practicable meats of legitimate pasishmeet Ppoken of as the most important sche: 8 WAR at once formu and military and naval action was form of ear currency, the sg- led and patioto fect Officeraf the way to reply to these raida regste Clearing House returns high rank were placed in charge. In this murder of children he saw allowed

decrease op The devastated country was the strongest call to arms he had the first quarter of 1917. Tois divided into.eeven sections, and ever witressed, and the whole decrease is explained by the clin- composed of twenty-five com-astion must resolve never to cesse traction of financial basiness by manes, and each in charge of sn or flag until the German military the restrictione on the Stock officer with killed aides. Horses

power was levelled to the duar, were lent by the army, broken plonghe and herrows were repair. ed by motor mechanics of the

Zone.

EPSHOD,

in

y

ta

rejoice to hear that the freedom of the seas will again be bis.

Captain Goldman, who was deprived of his command with the Harrison Line on recount of his father's nationality, bas also been reinstated. He was born in Liverpool and has been in the service of the line for 35 yeare.

wages that is the largest monthly increase ever recorded. Family earninge bave probably increased much more than standard money wages. The increase in correcey

HONGKONG SHARE REPORT.

&—SELLERS; BA.—SALES; B-BUYERS: N-NOMINAL

OFFICIAL FRICES.

BANKS.

H. K. & S. Baoks s.

MARINE INSURANCES. Cantons North Chinas Linions

$630

1.

11.

8.

.

Yangtszes

$325 t. 140 $$25 b.ẹx 78 $1973

FIRE INSURANCES.

China Fires

H. K. Fires

Douglases

SHIPPING.

گرام

$22

$300

Steamboats Indos (Def.) Indos (Pref.) Shell's Ferries

n.

*1.

5.

$3 $IN $3914 $40 120/-

#.

REFINERIES.

1.

Malabons

b.

#96 $20

MINING.

34,6

t. 15

$ 2,05

2010

$27-

Sugars

Kailans Langkats Raubs Tronohs Urals

Oriental Cons,

·

$76 $116 Ł. 75

DOCKS, WHARVES, GODOWNS, &C... H. K. Wharves`n. Kowloon Docks n. S'hai Docks b.

LANDS, HOTELS AND BUILDINGS. Centrals H.K. Hotels Land Invest. H'phreys Est. K'loon Lands S'hai Lands West Points

Ewos Kung Yiks S'hai Cottons b. Yangtszepoos n. Orientals

MISCELLANEOUS.

Borneos

BANKS.

BANK OF CANTON,

LIMITED.

-HEAD OFFICE, HONGKONG

FOREIGN EXCHANGE and General Banking business Transacted.

INTEREST ON FIXED DEPOSITS:

For 3 Months 3% per aquum.

For 6 Months 4% per annum.

For 12 Months 41% per annum LOOK POON SHAN;

Chief Manager.

BANQUE INDUSTRIELLE

DE CHINE.

Capital Paid up). Franes 45,000,000

Presid it'

André Berthelot General Manager A. J. Pernotte.

HEAD OFFICE:

24

74 Rue Saint Lazare. PARIS BRANCHES in PEKING. SHANGHAI, TIENTSIN and HONGKONG.

BANKERS.

In FRANCE: Société Générale pour...

favoriser le Développement du Com- merce et de l'Industrie en France. In LONDON: London County & West-

mirater Bank, Ltd. In ITALY: Banca Commerciale Italians.

Telegraphic Address: CHIBANKIND.

Interest allowed on Current Acccusis and Fixed Deposits. Terma en'applicatics. Every description of Banking and excharge business transacted.

M. ROUET DE JOURNEL,

Manager.

HONGKONG BRANCH:

Tel. No. $352

Hongkong, 14th May, 1917.

NOTICES.

Ho

BANKS

JONGKONG & SHANGPAI

BANKING CORPORA

TION,

Paid-up Capital.........$15.000.000 RESERVE FUNDS.

Sterling

£1,500,000 at 21-

-$15,000,000 Silver...$18,500,000

Repere Liability of

Proprietors

$33 500,000

.£15,000,000 COURT OF DIRECTORS,

Has. Mr... Doswell, haisma". Het. Ne. . . oyna Derus Chairs Hes Mr. Artes, F. C. Pucher, Res

T.. FAIL

Bubbay. Esq E. D. Par. Periences. Bi-

I Compton

Cine MAXIGEN Hong-N. Stabb,

KASICER

Shanghai-&. des. Ek 'London Bankerslondon v'ygoly 320 Westminer, Limized.

Hangkep-interest allowed

Un Canet Access: it rele of 1 pár zevk

co the taily bine.

ON FIELD SEPOSITN

Fe 3 meith, if percent per-aaccu. For é months, 3 per cent per AM Forceel, per apata

A.J. STABB.

Chief Manage

HONGKONG SAVINGS BANKAS

TAP Hosiness of the adore Hank la condered by HONGKONG AND SHANGHAI BANKING

CORPORATION.

Kults may be obtained on application: INTEREST on deposits fr allowed on to why? Imam contbly balances at Taj per tent per vecEM, Depositors may transier at their option, plac of $100 ar mere to the Hongkong and Stangkal Bank to be placed on FIXED DEPOSIT i TEEL per AUDEM.

For the Hoeg korg and Stangbal Facking Corpor Hing.

N. J. STABB.

Chief Manager)

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporared by Boyal Charter th

RD CFFICE:—LOSTOR,

PAIN-UP CAPITAL

RESERVE FUND

£1,100,00

RESERVE LIABILITY OP- ~.£2,400,000

PROPRIETORS

FOREIGN EXCHANGE and Geser

£2,100.00

Berktui

basizes transacted CURRENT ACCOUNTS opened and PIXEŽ DXPOSITS received for 1 year or shorter periods. #! rates which will be gusted on application

T. C. DOWNING,

Manager Hongkong, 11th April, 1913.

THF MERCANTILE BANK OF INDIA, LIMITED.

S.

n.

$95 $10.

n.

$91

b.

$6,90

7.

# 33

sa

b.

1. 77 $63

COTTON MILLS.

b.

t. 1621 t. 15.50

t. 134

3. Queen's Building

t. 5.75

Да

t: 42

D.

$7

$4,80

Providents Dairy Farms' Green Islands H. K. Electrics H. K. Ice Co., Ropes

0.

$7.90

4.

8.

$7.25

b.

$48

D.

$151

$271

Steel Foundries Trams, Low Level n. Trams, Peak, old n. Trams, Peak, new n. Laundries

b.

$10

$6.40

$9.10

Bomber

1

cts. 90

Calcutta

1:00 AM to

b.

$8.40

7.

$IS

Wm. Powells Morning Posts

11.

S.

$6

$6,50

1.03 13 10 MILEO ARE LOT 11.30 AM 0 31.487.3. 10.

1.02. 10.

10.00

1130KM

18 May.

1£43.26. 1.35 7.36

15 MIX.

Polginbo Deihi Galle Hongkong

30 Max.

Hawish

Kandy

£15 P.

10 Mix.

MIX

6.00 2.30 10

20 M

:

U. Waterboats Watsons

preceded the inore we in prices and

ages. In the first two months of China Light & P.n. the war, prices, rose about 10 per cent.. but in the December quarter of 1914 they were stationary. Wages were practically unmoved before February, 1915. In the mean- time all the forms of currency had been greatly incressed, and the period may be regarded as one. of incubation for the ecming in- flation of prices. There is a cariona connection between the Det issues of silver and the move- .menta in pres and employment. From 1872-1913, it is found that. money wages and earnings move in accord with the net isenes of silver. In the same way in the war period, the great increases in silver bave been accompanied by great increases in wages. Since the outbreak of war the achart of silver coin in the United King- dom has probably doubled. The 2001-cause of the inflation of the currency has been the great ex- pansion of Governmental credit This credit can only be need efectively within the country by being pulverised into the various 180 d/s. forme of currency required for different purposes. If the inftion of the correcey is continued the rise in prices must also be expecte

Exchange, new companies, &i. In the copotry clearings, which reflect commercial activity, the increase began almost inee, army, seeds of all kinds were roots to form a track garden, with The absolute increase in 1918. procured, and work on the land the reaalt that sufficient produce was 35 cercent, above the amount was begun. Forthie manual labour is expected to make the comfor 1912, itself a record sear, and was about five times the normal was munity self supporting. was necessary, and thie found among the many peasants | The Germans had also cultivat- pre-war rates of it crease. In blok and small farmers in the ranks. ed a considerable tract of land deposits alle increase in 1916 was:

Thirty American tractors were and sown it with rye, which they about six times the pre-war rate found lying idle in a depot not tried to destroy before their har of increase. In two-and-a-half far from the stricken district, and ried departure, but with only years of war there was an absc- these were transported to the partial success, for at least 2,500 late increase of about one half places where they could be most acres will produce crope this in the total amooot. These useful and put to work. The searon.

deposits indicate the exososion, labour was dangerous, owing to "In the meantime houses are of hankers' crédit. Correspond- the presence of unexploded shells being repaired where possible and ing to the great increase in the under the surface of the fields, tempora shacks erected where forms of currency, general prices, bat only one incident has cccurred no habítation exists. Schools have as shown by the index nambera, from this cause.

been opened, military doctors have doubled. There has been In this way about 4,000 Beras attend the sick, & postal service also an abnormal rian in profita have been ploughed and sown has begun, and so far se possible and in money wage. The great grass and life is being made endurable for rise in profite is shown by the with grain and another 2,500 acres ploughed thousands who suffered so much excess profits tax. Wages have and cleared of weede, while, with during the German cecupation, risen more in two years of war, the help of American, English, and virtually lost everything they 1815-16, then in the preceeding and French donors every family possessed when the invaders aineteen years of pesce, April, 1917, shows a net increase in has been provided with seeds and departed.

ed to continue.

89800

(YAL

YALE

(YALE)

Locks and Hardware

MUSTARD & Co.

SOLE

AGENTS.

書

129

CORRECTED TO NOON TUESDAY AUGUST 14, 1917, BENJAMIN & POTTS,' Share and General Brokers,)

Princes Building.

[/F

Tel. address: Broker.,

EXCHANGE.

SELLING.

Denaud

s

2.914 2/9 5/16

2:9 7/16 2/9 9/16

4 m/s...

2,956

TIT Shanghai..

Nom.

T/T Singapore

118

T/T Japan

123

f/T: India

Demand, India

Nom. Now.

T/T San Francis-

66

co & New York

T/T Java......................... 15731⁄2

T/T Marks............................ Nom.

T/T Francs.

Demand, Paria ......

BUYING.

4 m/s. D/P...

3.24 3.8434

4 m/s) L/C............ 2/1014 2/1034 ...... 2/1036

6 m/s. LIC

30 ds. Sydney, &)

& 2/1014

30 d/s: San Franc-1

Melbourne.............

isco &New Yorkf

671⁄44

4 m/s. Marks

Nom

4 mis. Francs ....

3.97

6 m/s. France ...... 4.02

Demand, Germany.. Demand, New York. 66% ITT Bombay

Demand, Bombay... Non

T/T Calcutta...*******

Demand, Calcutta... Nom. Demand, Manila... 132 Demand, Singapore. 118 On Haiphong H 54% pren

On Saigon.... 5% proto. On Bangkok

5512 Sovereign samara 7.15 Nom Gold Leaf, per oz... 42. Bar Silver, per oz. 42 1/16

SUBSIDIARY COINS,

DISCOUNT PER $100; Chinese...20 cte. pieces 1. %ãi.

hiness...10

1. %dis. Hongkong 20 cts. piecas Hongkong 10:

"J

par,

NOTICE

PEAK TRAMWAY CO.

LIMITED,

TIME TABLE.

KD0A.M.

1.00 .. 100 MIGHT CANA

130 730 and $ 7.32 133 K 11.00 1.3. every had botz.

13,00 PM to 11:45 PM. Pery quarter of as hear, BUNDAYS;

1.DC A

30.09.10

10.30 AM.

19.00 NOOD 3880 Xeon to, 1.30 P.M.

$90 7.36.

1.30. 20

6.50 1.50

5.30 P.2

6.2.3 10

8.00 7.3.

10 M2

MIGHT CARS as on Wieb Days

SATURDAYE;

Beers Carat Midnight

SPECIAL

CARE

By Lirangement at the Company's QE

Alexandra Hüľ Zlogi,

i

Des Voeux Road

31

Besson a puzch dickéta sraftable for all mars pot siréndy full, ranging at the time mated to the Company's urna labalek, but got for spaand Dazs, be obtained on applestacat de Company's Office: No Senson ticket will be Summed until paymen: therefor has been made in Bank Botas-or by Choque or Compradate order representing Bank Notes

JORN D. HUMPHREYN & CO.,

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

(Capital Paid up...$1,250,000.)

Lower en Mortgage of House Froparty, dn. Goods received ani Storage.

African ciade on Merchandise. Losas zzade en the Provident System.

TEUSTER, KIEGUTOB OF WILLS.' ATTORNEY, Jen. Undartakan and Executed. Chales and Parties!ars on application) To the Silen of SHEWAN, TOMES & CO...

General Managers.

MARTIN'S

PAPIOL & STEEL PILLS

J. French Ramady for nJIL»ağıdarŠtias. Dumanda, je kadar aluvya kuey = tor of Mochiaro Pills in the hosen, so that we fizet of any irregularity of the Bywania

se

bu kuony dom may be feministered, Thomwho

SIDE GARIS PROVEDELAR Cham, bancs their mor MRCL aula. All Chemists and Blocks adi Khan superhood · The World, or post tree bird ARTIM, Ciamist, Komibamyson, Eng.

MARTIN'S

APIOL & STEEL MPILIS

Head Office 15, Gracechurch “

Street, London.

Authed Capita!,

Subsched

Paid Up

Reserve Fund

...... £1,500,00€E -

BANKERB

The Bark of England,

1,125,066

562.50€ 600.000

The London iclat Stock Bar, Link C

BRANCHES —

Port Louis (Mario)

Karachi

Kota Bhar

Kunle Lamp Macral

Rasgoor

Penang

+ banghel

Singapore

HONGKONG BRANCH.

Every description of Barking and Lubangs.. tosites transacted.

Interent allowed on Current A cromats at a get canl per annum on Daily Balances, and on First Depos rasts which may be ascertained on apparte

C. CHAMPKIN.

Acting Manager,

INTERNATIONAL - BANKINⱭ, CORPORATION,

HEAD OFFICE:

15. Wall St. New York

LONDON OFFICE: jt, Bishops case, EC.

CAPITAL & SURZIUS U.S. $6,500,000 UNDIVIDED PROFITS U.S. $1,010,006

BONHAY

LONDON

CALCUTTA MANILA

CANTON

CFEU. COLOY HANKOW HONGKONG KOBE

MEDELLIN

FANAMA PERING PUERTO PLATA

U.S. #7,$10,000 SAN PEUROTM

DE MAORIS. SANTO DOKAZJED

SAN FRANCISCO SHANGHAI SINGAPORE TIENTSIN

YOKOHAMA

PPAN HER -- Through its cinke shlirmón with The Naciona City Farc of New York, the Bank is able (tedy th Services of the Branches of that Institutes in Cabe Senth America, and elsewhere, namely

PAHIA, BUENOS AIRES, GENOA PAYANA MONTEVIDEO. RIO DE SANTIAGO DE CUBA SANTOS, SAO JANEIRO PAULO, PETROGRAD VALPARAISO,

A kinds of FOREIGN & LOCAL BANKING BUSINEES transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received at rates to be serialad Of application.

GEORGE HOGG.. Hongkong, 26th September, 1916)

THE

YOKOHAMA SPECIE BANK

LIMITED.

Established 1880, - Authorised Capital Yen 48.000.000 Paid-up Capital 36,000,000 Reserve Fund...... 21,300,000

Head Office.-YOKOHAMA,

Branches Antung Halto Bombay

Calcetta Changchun

Dairen Fengtien

Harbia Bankow Bunalula Kabe Liao-Yeng London

- Lyour

Log Angelos

Tortau

sod

Agencies

Benchwing

New York Oska

Peking

Byofus Fon

Arthor

...San Francis

Bhopa Sydney Bingrbort Tabling Ment Tokyo

Txinante

nterest allowed on Carrant &comunis. Deposing received for txod periods at atoe te b. DiaDes

An appaion

EISHI ONO, Manager,

Hongkong, 18th July, 1917.