1917-09-27 — Page 9

-COMMERCIAL NEWS”

German Firsace Altar the War! Ascarding to an AceñéSU paper, it is calculated that, if the war lasts through 1917, the German Empire a total indebted

11000

will have

Increased

$23,500,000,000 (gold) daring

the war. On this the 5 percent interest rate and a sinking fund of 1 to 2 per cent. would leave an annasi obarge of $1,500,000, 000 per annum after pesos. In the year before the war, the Empire's total annual revenue was slightly over $920,000,000:

Indian Embargo sa Iron, According a telegram

to received in Osaka recently the Indian Government has prohibit ed the export of scrap iron with the object of increasing supplies for Great Britain. It is said that as of late Japanese merchants have been importing large quuoti ties of India crap iron, the em, bargo will feet their interests con- siderably. Though it is thought, according to Japanese mer- chants, that the Indian Govern ment will grant a concession in regard to supplies for Japan, they are taking steps to employ their favourite tactica-memoriali-ing the Government, Private advices state that the Indian prohibition of the export of scrap-iron is apparently absolute in character, and no special permission for export will be given. The die patches add there are indications that the export of pig-iron will be alioabsolutely prohibited abortly. Copper.

Before the Bush Government took steps to keep down the copper market in London the Japanese market enjoyed remark- able activity on account of large, exports to Britain. The exports have been greatly reduced and new British orders practically suspended since that action was

taken by the British Government, and as a result the copper market ia Japan has been in

low

-THE HONGKONG TELEGRAPH, THURSDAY, SEPTEMBER 27, 1917.

"VOCAL TONE IN SONG by the vitality of a “Ène organ

In "My Reminiscences," ju« published, Tagore gives us his thoughts on European music. Be reproves our attitude towards song. He heard in his youth s prime donna sing at Brighton,

and was amazed at her command over her voice. "In our country understanding listeners think no harm to supplement deficiencies of performance by their own im minor ontward defects as hareb- agination; they bold that each

ness of voice or uncouthners of geature set off he inner perfection of the composition. In Earop there must be no weak spot in the singer's voice; the tuning of instruments must be done behing the scanes. In our country the musician is eatified if he ha heard the song; in Europe the go to hear the singer."

We know what be means. The question, “Have you beard-so- nd-e?" is far commoner than "Did you hear the ench-sa-t such?" Our ancestors regarded B song frankly an's trapese or which

en

scrobat exhibited strength and skill; they often re frained from encores they really wanted for fear of overtaxing a freil voice. Our grandfathers ran riot in Italian opera, whose music relieved them of intellectual effort and whose language dispensed them from attending to the words, except as labels. Now the worda have come back-if only in the form of that diegraceful cessity, a "printed programme but we are still thinking of something else."

We have been tone-worshipper for generations; and we mean by tone the elimination of subsidiary and unnecessary sounds there is no barm in this. But many people anderstand by the word mere they come in order to be exalted looduses, vigour, animal spirite;

water. It is said the outpat of Japanese copper has been in excess of the demand by sboat 10,000 tone, Sya the Japan Chronic'e. Added to this have been depressing factors both af. home and abroad, Recently both the London and the New York market soffered a considerable decliar, while the price at which the Ossks Military Arsenal benghi copper, being Y71.40 per 100 kin, was lower than the turket; quotations by about Y4. Aceird. ogly, the market has been farther depressed, sad quotating|| Q now stand at T70, representing

a decline of about YU.

Silver Supplies.

It is stated by the Mining Age |

of New York that the natuot E Mexico has fallen from 70,000,000 (za at which it stood prior to civil war, to about 7,000,000 oz-. The output of its neighbour and competitor in productice," the United States, has been increasing steadily, rising from 52,440 800 in 1908 to 72,883,800 cz. in 1916. The total for 1917 is expected to be about 75,000,000 czx. This enanced production of the United States of Americs does not make ap for the Mexican decrease, write Morera, Samuel, Montego and Co. in their circular of Anguat 9. It is anticipated that the world's production for 1917 will Be in the neighbourhood of 200,- 000,000 CZ, total which ex ceeds the 197,729,376 estimated for 1916. Naturally, mining companies are straining every nerve to take advantage of the high level of prices now attained. If the forecast for 1917 be correct, :the world's production will be 25 per cent. larger than in 1914 (180,626,019 czs), when it was ai ita lowest since the 1897.

year

Straits Subsidiary Colozge. A Singapore Gazelle Extra ordinary announces that the Hon. Mr. H. Marriott, the Hon. Mr.

$

&

A. M. Ponotaey, the Hon. Mr. S O, W. Darbiabire, Mr. J. Graig, Mr. J. C. Peter and Mr. Gaw Kok Khian have been.sppointed s Commission to enquire into the present shortage of subsidiary silver in active circulation and the steps which should be taken to remedy the shortage. The Hon. Mr. H. Marriott will be President of the Commission.. the F. M. S. are equsily inter- Tented, it seema desirable that representatives of the F. M.8. Chambers of Commerce and Mints and the P. A. M. should be pdded to the Commission.

they ask by their applause for more high noter, they want the exhilaration of the bold so bolder excursions of Mme. d'Alworts's "Mon rosat, s'ouvre," and though they like the homely pathos of the Misses Eyre's Elizabethan lyrics, their comment is that there will

not set the Thames on fire,

T

One cauer, now irremediable,

of this conception of tone is that arrangement of our life bý which we have to hear most of our muajo

Palsos war, and the Albert Hall in large balls indeed the Crystal

is, a gratuitious insult to the solo voice. Another is the growth in size and prestige of the orchestra - welcome support to a ragged or unequal voice, but a terror, real because needleer, to the con scientions artist. But this view of tone, argues sa ibsence of the

critical faculty in the listener. The one thing that everybody can say about a singer is that the voice is big or sweet-or that it is not; and this is the one thing that does not matter in judging the song. For each note ie not an abelate quantity or quality, but is relative to its neighbours; and this relati- vily is not affected by size of scale or compaan, nor, within limi's, by quality.

In a true song the words have become so mach a part of the ocmposer's mental furniture that the tune is inevitable; and the winger does not truly sing it until his experience of life bae made him able to be in imagination the hero of it. Here is no areas for the dieplay of vocal socomplishment, batachallenge to the singer's caps city for sympathetic understand- ing. He singe, but only because each feeling canot be said. Pèr feet forms of verse, like the soc not, and pregnant lines of poetry, like Pope's heroics, do not ask for tones; word-pictures, beloved of tion as works largely in "co" drawing-roome, and such descrip

|

|

osits," are suitably neither, for postry sor music; "motion-an- fitbetical, dramatic,erwift“ craves either of both; the most beautiful songs in the world are written to simple lines that put a single thought, or two contrastedi thoughts, into the most natursi words, such as:

Ha tara'd bis charger as he spoke,"

Upon the river shore, He gave bin bridle-reins s

shake, Said "Adieu for evermore,

Hy love!

Ani sdien for evermore."

or

How alow ye more, ye weary

heart,

As je were was and weary ! It was as we ye aliated by

When I was wi' my dearie. Things done, not merely seen '--engo the first; things lived, not merely thought says the second; and they say it with verba sud BOODA-The Times.

America's Shipbuilding ladustry. In an article in Everybode's Magazine, Edward Hungerford describes how up and down on both rossis of America the shit building industry bas developed. New shice of steel and wood will give America 6,000,000 addi- tional tone of botions in two Sears,

Rejection of Consump ives. The Kent Insurance Com- mittee, who recently passed a resolution in regard to

listment of tuberculous porecas. the

have received the following reply from the War, Office" All men who, on being examined, efste they have been under treatment in sanatorium, or that their names have been notified to the anatiorium authority as suffering from consumption, are rjcled 88 soon as their statement has been verified by reference to the local Buthority."

TO-DAY'S NEW ADVERTISEMENT.

OUR

་

DAY

18th OCTOBER 1917.

DRAWING OF

OF WAR

WAR BONDS

LANE, CRAWFORD & CO.

WILL PRESENT

FREE

ONE TICKET

FOR EVERY

$20.00

WORTH OF GOODS

PURCHASED IN THEIR STORE

FOR CASH ONLY

FROM SEPTEMBER 26 TO OCTOBER 16.

LANE, CRAWFORD

D & CO.

HONGKONG SHARE REPORT.

-SELLERS; SA-SALES; B-BUYERS: N-NOMINAL

-- FIRE INSURANCES. China-Fires

H. K. Fires

BANKS.

BANK OF CANTON,

LIMITED.

READ OFFICE, HONGKONG

INTEREST ON FIXED DEPOSITS:

BANKS

HONGKONG & SHANGHAI BANKING -- CORPORA

TION. Paid-up Capital ......... RESERVE FUNDS (

Sterling

£1,500,000 at 2-

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

[$15,000.de

$33.500,0

Reserve Liability of

Proprietors ..... „$35,000,000

COURT OF DIRECTORS

Hon. Mr. S. 8; Dodwa),-""padrona". Bos. Mr. H. Holyoas-Depers Chadema) Ho, Mr E Acton, F. C. Butcher,

aking

W. L. Pattuen," Bag -

IEV.D. Patt, Ezt Webbay

OFFICIAL PRICES. BANKS. H, K. & S. Banks b.

MARINE INSURANCES. Cantons North Chinas Unions Yangtszer

$5473

}

1.

B

$320 t. 110 $770

FOREIGN EXCHANGE and General Banking Business Fransacted.

n. ex 75 $19!

D.

b.

$137 8290

For 3 Months 3% per annum.

SHIPPING.

Douglases

Steamboats Indos (Def.) b. Indos (Pref.) n. Shells Ferries

1.

n.

$81

For 6 Months 4% per annum.

BIZ

$86

For 12 Months 4}% per annum

#35

LOOK POON SHAN;

Д

B.

10716

REFINERIES.

3.

$90

MINING

Sugars Malabons

Kailans Langkats Raubs. Tronohs Urals

Oriental Cons.

$29

$29

40/-

n.

t, lå

Br

$2.50

1.

28-

321-

287-

b. ...DOCKS, WHARVES,

GODOWNS, &C. H. K. Wharves b. Kowloon Docks » D- S'hai Docks

D.

*

LANDS, HOTELS AND BUILDINGS. Centrals H.K. Hotels Land Invest. Hiphreys Est. Kloon Lands Shai Lands West Points b. Reclamations

д.

COTTON MILLS.

A

Ewos Kung Yiks b, S'hai Cottons Yangtszepoos b Orientals,

MISCELLANEOUS.

$75 $115 t. 72

יי:

Chief Manager,

BANQUE INDUSTRIELLE

DE CHINE. .......

行餓業實法中

Capital (Paid up)...Franca 15,000,000 (1/8 of the Capital subscribed by the Government of the Chinese Repub'ic)

Chairinen of the

Board of Directors Andre Berthelot, General Manager A. J. Persotte:

HEAD OFFICE:

74 Rue Saint Luare, PAKIS

**BRANCHES: PEKING. SHANGHAL TIENTSIN HONGKONG, and SAIGON,

BANKERS

In FRANCE: Société Générale pour-

favoriser le Développement du Com- marca et de l'Industrie en France. La LONDON: London County & Wast

minster Bank, Ltd.

...

In NEW YORK: Redmond & Co. In ITALY: Banca Commerciale Italina. Telegraphic Address: CHIBANKIND.. Intereat allowed on Current Accounta and Fixed Deposita. Terms on application."

Every description of Banking and Exchange basinērs iranancied.

M. ROUET DE JOURNEL, Manager: HONGKONG BRANCH: Queen's Building.

Tel. No. 255

5. Chater Read,

Hongkong. 20th August, 1917...

$30 $34.

E.

$88

S

д..

ន

$6

*38

t. 74 $80 $118

t. 163 t. 185

n.

t. 113

t. 3

11:

t. 36

Borneos

д.

$51

China Light & P...

84,30

Providents

$714

Dairy Farms-

b.

$21

Green Islands

b.

$6,90

H. K. Electrics

D.

$18

H. K. Ice Co.. Ropes

D.

$149

2.

$26

$10

Trams, Low Level n. Trams, Peak, old s. Trams, Peak, new s Laundries

$5.89

#81

cts, gu.

140

500 AK com x

by

LIING A.M. L

9.

$13

BE MIN

10 MIN.

Watsons

A.

56

1.16 ..

1.6. J.M

2.16 r..

10 MIN.

Wm. Powells

S.

$6,50

BORS J.

Morning Posts J.

KIR. P.M.

129

Steel Foundries n.

U. Waterboats

CORRECTED TO ROON THURSDAY SEPTEMBER 27, 1937.

BENJAMIN & POTTS,

Share and. General Brokers,.

Princes Building.

Tel, address: Broker.

EXCHANGE.

T/T- Demand

30 dfs.

SELLING.

*3/2

3,21%

3:24

60 d/z.......

->/236

4 m/s............

3/216

T/T Shanghai..... Nom.

T/T Singapore

13434

T/T Japan

147%

T/T India

Nom.

Demand, India.

Nom,

T/T San Francis-)

co & New Yorkf

7534

TIT Java..............................

179

TIT Marks, Nom T/T Francs.

4.38

Demand, Paris .............. 4 3811⁄2

BUYING.

-4 m/s. L/C.

3/314

4 m/s, D/P.......

3/34

6 m/s. L/C

3/356

30 dis. Sydney &

Melbourne...***.

3,356

7656

30 d/s. San Franc-1

isco New York)

4 m/s. Marke... Nom.

mis. Francs .... 4.55

6 m/s. Francs.... 4.60 Demand, Germany.. Demand, New York. 75. T/T Bombayun Demand, Bombay... Nom. T/T Calcutta........ Demand, Calcutta... Nom. Demand, Manila

^^> 151 Demand, Singaporo, 1344 On Haiphong PHOTO 44% prem. 44% prem 489/

On Saigon

On Bangkok

Bovereign

...

G.25 Now

Gold Leaf, per oz.... 45.20 Bar Silver, per oz.. 54

SUBSIDIARY, COINS,

DISCOUNT PER $100:- Chinese... 20 cts. piecas *di, Chinese...10 Hongkang 20 cts. pieces 1% prem. Hongkong 10

•

14

NOTICES.

NOTICE.

DEAK TRAMWAY CO.

LIMITED.

FIME TABLE.

NIGHT CAKE

10. ad v. V20 L 11.00 Peery half havi

11.00 1.1 11.45

EVERY QGMsr of at Luts, SUNDAYS.

LMAX SO HWAX

MIN

א 10

10:30 M

11.2010 120 Soon the Toda 10

1.30.X. O 2.6. 4.07.16.30

EATHS.

10 MIN.

It Mix. 16 MIN.

4.34г.x.

TE MINE

LUX P.K

HIGHT CAME na on Week Ejapo.

AATURITH

Raiza Carat tidnigh

SPECIAL CARE.

by arrangement at the Company's Office,

Almendra

Der Voeux Head:

- Benson „1:1 punch actele avadístie for all were not spendy foll, running at the time slated sz. the Comja ağ'a ume tables, bet not jus apvetai mark can be olated on application at tha Company's Office --No"Hestou ticket will be Gerad mit payment thereter has been ad in Bank Motan or by Chaqire or Colupradors order representing Dank Notes."

JORND. BUMPERETE & CO. L

THE CHINA PROVIDENT LOAN AND MORTGAGE CO. LTD.

(Capital Paid up.#$1,250,000.) Lawn Morgags of Room Property, de Geode zacated on Boraga. Jāvanas zuda on Marchandise LA ROACH As the Providens Eystem.

TRUSTEL, KIRJUTOR OF WHła. ATTOREST, AL. Undariakes and Barried. Chases and Particulare on ='application] To the Office of

SHEWAN, TOMES & CO.

General Managers.

MARTIN'S

APIOL&STITL

X French Mamady for all XProg¤inst(166.

wou of any irregularny of the cYNAS con Sheng Pusomatë thata, kepan disela voce Maana vet. All Chemise and Skemaani Live Poste ses Varis, of joe true_8%, PILKTEN, Chemie, Routhampton, Jug

MARTIN'S.

XPIOL

ILLS

A. H Complon, Esq.

-CHIEF MANAGER ** Bongbong-. Kendi, Ban

MANAGER

Fosokbaik. G. Gorphan, X14 London lankers-London Oparty mp3

Vestminweg, Limited,

Hoogkong-Tolèrent Allowed Dement Accounts at the rate of 3 par tours

Bone on the daily balance

• ON FIXED DEPOSITS, For mouths, 31 per cent. pOE KAZEM. For å per cest, pur sERSIO Fortwoch, 1 per cent, par SADUR

N. J. STARE.

Chief Mana$ **-

HONGKONG SAVINGS BANK

TRE Busiest of the above Bank le constuczHÓ 34 the HONGKONG AND SHANGHAI SAFKINS CORPORATION. -Bales may be obtained on application

INTEREST dayouts is allowed con dan men imem monthly balsocen as fai per coni per D.

Depositors may 1ransfer, si Louir pATION DERMA 8:00 or mors to the Haechong and Summ Rank to be placed on FIXED DEFICIT M cent per annum.

son

For the Hongheng and Shanghal Danking Comfor

www. N. J. STABB,

Chief Manages.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA

Incorporated by Royal Charter 1957-

WEB OFF (X-LORDON,

PAID-UP CAPITAL 1-2, 1800, 100 RERENCE FOND ... - RESERVE LIABILITY OF

PROPHETORS.

YORKION" ZICHANGE and Gavara) Badkame

Equiness transacid. CURRENT ACCOUNTS opened and 7:233 DEPO 128 Teceived for 2 year or snorter perioda, s rater which will be quoted on application

T. C. FOWNING,

Manage

Hongkong; 11th April, 1923,

THE MERCANTII E BANK OF INDIA, LIMITED.

Head Office 15, Gracechurch Street, London.

Anthorised Capital.....£1,500 poe Subscribed

Paid Up

Reserve Fund

BANKER

1,125,000 -562,500

600,000

The Bart of Kond The London Jolat Stock Bank, Limbadi:

BRANCH Tomlay

ralcuira

Caimeb

I khả

Galia

Hongkong

Howab.

Kande

Fert Locis (Mauritius.)

Karazhi

Kolm Ebara

Kuala Lumps *

Thanks

Репи

Rangoon

barbu

Singapor

HONGKONG BRANCH

Every dracsiption of Banking and Liaraz. business transacted.

Interest allowed on Current Acconsin'at e par cons per annum on Daily Balances, and on Flaut. Deng at rates which may be sacertained on application

C. CHAMPEIN,

Acting MacaVE),

INTERNATIONAL BANKING

CORPORATION.

HEAD OFFICE:

55 Wall S New Yor

LONDON OFFICE

15. Fabopseniz, E.C

CAPITAL & BURPLUS U.S. $6,500,00 UNDIVIDED PROFITS US. $1,348,004

BON HAY

CALCUTTA CANTON CFB

MOLOX HANKOW

U.S. $7,248,000

BRAN US:-

LONDON FAN PEDRO MANILA

DE HAIN. MEDELLIN SANTO DOMING

PEXING

FANAMA

PUERTO

HONGKONG FIATA

KOBE

SAN FRANCISCO

SHANGHAI

BINGAPORE

TIENTSIN

YOKOHAM Through it. clex Nailon NATIONAL CITY BANK. OF NEW YORK,

with the Bank is able to the Service of the Emaches of that Justizacion to. Cas Sosib

· America, and alsowhere, namely:-

BAHIA, BUENOS AIRES, GENOA, HAGANA' MONTEVIDEO, KIO DE SANTIAGO DE CUBA. SANTOS,

JANEIRO

SAC PAUL, FETHOGRAD VALPARAISO,

All kinds of FOXEIGN & LOCAL BANKIN EUSIBLES zanated.

CURRENT ACCOUNTS opened net FIXEI DEPOSITS received at sates to be sacaraónæð er application,

GEORGE HOGG.

Manage. Hongkong, 26th September, 1916

THE

YOKOHAMA SPECIE BANF.

LIMITED.

Established 1880; Authorised Capital Yen 48,000,000- Paid-up Capital... 36,000,000 · Reserve Fund......

16 22.100,000. Head Office. YOKOHAMA

Arng-Haien Howley Calcutta

Daires

and

Nagamat

Norwayway Now tak Chakka

Paidna

Panction

-Hrafn Ter

Hart p

Fankow

Honolul

Habe

Tao-Jang Lendoc

1st

and hugelow

Tingiau

Artim

Sar Bhanda Bydner Ringmorte Tebil

Tootey

Thieyo

Talmanfo

Martoned on Correns deconta. Napisala ored for faed periods at rales to b

an application.

Dulate

EISHI ONO; Manager Hongkong, 11th September, 1917