1919-02-24 — Page 4

1

WATSONS

Ratch

WATSON'S

E

THE HONGKONG TELEGRAPH.

THE PREMIER SCOTCH

OF THE FAR EAST

FOR 25 YEARS. POPULARITY MAINTAINED

BY ITS EXCELLENT QUALITY NOT BY EXPENSIVE WORLD-WIDE ADVERTISING.

A. S. WATSON &

Co., LTD.,

WINE AND SPIRIT MERCHANTS. HONGKONG.

Cable Address: Telegraph, Hongkong.

Telephone: No. 1. A.B.C., 5th edition. Western Union.

Office address: 11, Ice House Street,

The Hongkong Telegraph

HONGKONG, MONDAY, FEBRUARY 24, 1919.

THE BANK MEETING.

NOTES AND COMMENTS.

THE CULTURE-BEARER,

MONDAY, FEBRUARY, 24. 1919,

DAY BY DAY.

GREATNESS OF INTELLEUT OUGHT

If any proof ware needed afTO BE ONE OF THE FORCES TO KEEP

THE SOUL STABLE. Britain's role as a culture-bearer:

it can be found, brought right up to date, in the Near Eastern

On Saturday one fatal case of regions which we have occupied enteric fever was notified, the

a result of the war. Lord victim being a Chinese, Curzon, speaking an what we have | · · accomplished in Mesopotamia in the matter of irrigation, agricul- for England on the as. Mishims Mr. and Mrs. F. C. Jenkin left

ture, education of children and Maru the general development of the country, says more has been done

The programme of the propos in two years than in the fire ed Macao Carnival, from March

1 to 4, has been cancelled.

previous centuries.

CURRENT COIN.

[BY "MERCARTOR."}

The history of the Hongkong

occasions and now

PROCESSION OF THE CROSS.

A MACAO FESTIVAL

MINISTERING LEAGUE CONCERT.

SATURDAY'S GREAT SUCCESS.

and Shanghai Banking Corpor The following programme is iation is one of the romancea of joint-stock enterprise. There are formation of the Catholic com- published for the general in-

The Ministaring Lague can- faw banks in the world that can munity with regard to the above cert on Saturday was a revised -- equal it and hone that can excel feativity --- it, for rapidity of growth, abound-

and enlarged edition of the one February 27th-The Novens ing prosperity and prestige. Legistative Council of Hongkong tin, followed by the Benediction had apparently been bestowed on Incorporated by Ordinance of the commences on this day at 8.30 given at the Theatre Royal on a.m. in the Church of St. Augus-Wednesday evening. Much care in 1967 by a group of Hongkong of the Blessed Sacraments Be" merchants, it started with a paid sides the Mass after the Novens, the arrangement of the pro up capital of $2,500,000, but so insistent was the demand for there will be other Masses from gramme, which was a long one, 6.30 a.. From 7am. dally the the additional fare provided con- bigger resources to meet the Rev. Chaplain of the Church will The 83mê

expansion of business caused by be at the disposal of the faithful sisting of excellent songs and tale, practically, is to be told of

the spread of the Bank's energies for confession. Palestine and Syria, which is

piano and violin solos. There "John Kestrel"-Your com- all over the East that the capital

to be increased an March 8th special Low. now paying its way and enjoying mauication should be addressed has bad

five different

Mass at 8.30 am. during which was a packed house, H. E. the unprecedented prosperity which to the paper which pablished the the paid-up capital is general communion will be Hon. Mr. Oland Severn, C.M.G., was unattainable under the Turks, letter to which you wish to reply. $15,000,000. A still more striklass and sermon at 10 a.m. in

Solemn administered.

High being present unofficially.

With regard to the dancing of Missions are, feeding no fower A bachelors' dance is to be held development is to be found in the which all the Confreres will be than 150,000 unhappy refusas on the 7th of March at the Can-rise that has taken place in the in attendance, and in the evening the children, nothing remains about 7 o'clock the Image of Chur to be mid except that they in these lands. What has been on Chib Theatre to all Shameen deposita Apart from its ordinary Lord will be borne in procession appeared more perfect-if and banking business the Hongkong to the Cathedral. The Municipal can use such an expression-than and Shanghai Bank has played a Band very important part in the open itinerary.

will play during the when they appeared before the these things have been done with On the 26th of this month, ating up of Chins by the introduct

public on Wednesday. Some of · March 9th-9 a.m. High Mass the little ones were recipients of the war in progress. We have the Canton Club Theatre, the ion of European capital for rail with the attendance of the Cabido banqueta. For instance, the Misses not waited for any decision as to film "A Daughter of the Gods" ways and other works. Acting Corporation as on every Sunday. Dorothy Avenall, Irene Nola and

as the agent for the Chinese At 4 p.m. the Rev. Fr. Jayme R. the eventual disposition of these is to be screened.

Government it has been respon territories, either; where the

sible for the floating of most of Mr. F. A. Ferry, of the Ameri-the Chinese Government loans civilising influence of the British has gone there has been an in-can Tobacco Co., Ltd., leaves to in England.

day by the es. Sado Maru for a mix months' vacation in the OR

In addition to all this, British

accomplished is all the more re-itės. markable when we remember that

stant.' relief of distress and s

Country.

prompt application of the benefits of Western methods of enlighten- ment and progress. These things

We understand that the scale must necessarily make for the happiness and contentment of the of pay of Mercantile Marine the peoples of the lands affected. captains and officers on while at the same time they sup- ply the best possible proof of Britain's uplifting influence and justify her claims to a large share in work of this character in those backward territories which have been freed from enemy control and exploitation.

GOING TOO FAR

China Coast has been revised and as from January 1st the war bonus has been consolidated in the pay.

|ing illustration of the Bank's

•

Being the doyen of the banks operating in the Far East, the annual meeting of the share-, holders of the Hongkong and Shanghai Corporation is an event which is looked forward by one and all with great interest. It is an occasion on which the Chairman lets himself go matters financial from China to Paru. This is one of the reasons which invests the meeting with deep interest.

on

Martins will presch prior to the Beatrice Pennefather received the Procession has returned to St, The Serpentine Dance by Miss solemn return Procession, When these marks of public appreciation.

Augustin Church, the Rev. Dr. Vyrienne Young was a treat. Antonio J. Gomes will preach She received a box of chocolates the sermon of the Cross.

and big bouquet, and compelled respond although it imposed a great per- sonal strain, for the dance is a loag oceand executed on the toes.

|

BILLIARDS.

CANTON CLUB HANDICAP.

to

Then

The flower ballet was a riot of colour and the stage was crammed with representations of the differ- The following games have been ent flowers. Nothing remains to played in the first round of the be added to our description of Canton Club (Spring) Billiard Thursday except that little Cupid In the Open Billiard Cham-

Handicap-A. Linbird (scratch) caused great merriment when he pionship of the Colony, Mr. E

250 v.C. H. Shields (scratch), 190; refused to face the music. He ran Guimaraes and Sergt. Haskings

Great As WAS the pros w. Farmer (minus 75) 250 v. H. back and preferred to promenade. perity of the Hongkong and D. Warner (minus 30), 145; C. A. mest to-night, this match being Shanghai Bank in 1917, it has Peel (minus 175) 250 A de After this we were startled when in substitation of the tie between been greater during the past; Meynard (plus 75), 204; Pladies in the dress circle and Capt. Green and Mr. R. W. Fear. This institution renders Staijfbergen (scratch) 250 v. G. E. the audience

down below The Germans evidently require Bearne, owing to the latter being immense services to the country. Gumbait (plus 25), 224: H. C. with one accord shouted out being brought up with a very away on urgent business.

The Chairman referred in his Shrubsole (scratch) 250 v. A.Mrs. Walker Mrs. Walker sharp turn. We have seen how

speech to the remarkable series Riggenbach (plus 25), 220; -Mra Walker!" in several respects they had the On Saturday and Sunday there of amalgamations between the Twelve other players had byes Mrs. Harris Walker appeared in temerity to ignore some of the were record houses at the Victoria leading English Joint Stock terms of the original Armistice. Theatre. The seventh epochaid: "Without going into the

the midst of the children sad Banks. Commenting on this, he

smiled her Now they appear to be adopting of Alexander Damas The annual meeting of shareholders of the Hongkong and Shang- the same attitude in regard to the

MOST WAS development of banking I should Armistice was signed we wou

thanks. Rounds has Banking Corporation is always the occasion for an important pa

studied by everyone. When the and rounds of applause greeted view of the world's financial outlook, with special reference tolta effect tended Armistice. One of those screened. on trade and commerce in the Far East. Saturday's meeting was conditions was that they had to studies and the acting were are firmly of opinion that the drop shortly to

The photographic like to say that your Directors acres told us that the dollar would that if a venture is to be successful no exception to this rule, and the speech delivered by the Hon. Mr. withdraw to a specified line on revelation.

two shillings. the proper person.must be secur- Holyoak was full of interest in this regard, and very much to the the Polish front and to refrain Cristo" is a masterpiece and the should maintain perfect freedom falsified and the sterling rate person is the one who will some- "The Conat of Hongkong and Shanghai Bank! We have seen all these predictions ed to carry it out. The proper point. The Bank's activities are such, and its ramifications so from their operations there. A interest is sustainer all along. Interwoven with Far Eastern affairs, that business men invariably message to hand from Posen.

and in no way barter its liberty of for the dollar is firmly entrenched, pay heed to these yearly utterances, for, besides tracing develop-however, shows that the Huns

action or merge its identity in if we take little notice of the small how manage to find sufficient ments of the past, the Chairman's speech provides many indications are continuing their artillery

that of a partner. Of late years Suctuations. It is re-assuring to time and patience to give A very peculiar case of mis the tendency has been toward the know that there is little prospect of the of future probabilities, and as these are based on the opinions of fire and infantry attacks along taken identity, from a Chinese amalgamation of English pro- the silver market experiencing a attention to the thing he or she experts, their value is apparent. The Corporation is one of the the whole front. Now, this sort thief's point of view, was record-vincial and private country banks, so nersault, for the demand for takes up. Thus it was with Mrs. biggest and most influential British financial organisations in of thing will not do. What the ed to-day in the books of Mr. J. with the big joint-stock institu- silver for some considerable time Harris Walker who took up the existence, and its sound position is well illustrated by the report Germans forget is that they are R. Wood. The man was asked to ions which, even if their head. will be very large. Speaking arduous duties connected with presented at Saturday's meeting, which must give the utmost the defeated ones, who have had explain why he stole a basket of quarters are not in London, are ex-cathedra, the Chairman said, arranging the dances and in- satisfaction to shareholders and which reflects so much credit on to sue for peace, and that, as bias: door Ettings. This is what so closely in touch with metro referring to silver whether the

The

proper and

anariam

necessary

the management of the Bank's operations. In this connection, such, they are expected to do he state-l: "I did not know it was politan finance that their policy rate be high or low, what is ofructing the children and mak- the Bank's policy towards amalgamations, which takes the line that quibbling or conditions. So far, the basket there was some sand that centre. There is no necessity we do, above all, desire, is a shareholders must have heartily welcomed the announcement regard what they are told without any brass; I thought it was cement. In may he regarded as directed from Paramount importance, and whatng them perfect. An apprec... nothing should be done to sacrifice its present freedom or to merge the Allies hare treated them with I was careless, and I did not pay Shanghai.

iation of all was characteristically its identity in that of a partner. The Court of Directors bases that the maximum of consideration,

for the Hongkong and steady exchange: trade and prices given her en Saturday night. policy on the belief that it can secure all the advantages of even going the length of being any attention. I had no intention tion to effect & fusion with in time to any rate." This is aed on the piano Leschetzki's Banking Corpora of commodities adjust themselves Professor E. Danenberg render- Amalgamations by friendly alliances and working arrangements toc liberal. But a continuance of of stealing these things." Mr. any larger bank. Friendly alli. truism, and all merchants will be with banks working in other spheres than its own, and, judging by their present mood can only have Wood had no intention of believances or working arrangements inclined to dot the I's and cross anyi's "Rhapsody in U" in his "Etade Heroique" and Doha-" Its past record, there is every reason for regarding this as and satisfactory resolve.

a wise one result, and that is a general ing this story and asked him to with banks operating in other the t's of Mr. Holyoak's state well-known masterly style. Miss To men of commerce, and, indirectly, to the public generally time that fact were made clear to

tightening of the screw. It is spend six weeks in the gaol. -the most important part of the Chairman's speech was that the Hans, and we trust that with-

spheres than the Bank's would be ment

a better policy, and it is assuring

Opium smaggling has still

to learn that the Board intends

A. Gordon mang "A Perfect Day"

in which he dealt with the silver outlook. M:. Holyoak was out further ado Marshal Fochattractions for certain Chinese to adhere to this rather than es- market is any indication, specul-Miss P. Gordon, but did not

able to show that despite the Armistice and other factors will act, and act sternly, too. which might have had the opposite effect, the require-

ments of silver for coinage purposes are still far from sat-

isfied, and be prophesied that a fixed maximum price is likely to continue for some time. His assertions regarding the growing THE GERMAN BILL. demand for silver were backed up by facts pointing to such a likeli hood. It is true, as he stated, that for the purposes of trade in the

| women. Our Saturday at 10 6.m. Inspector Wildid and two other Revenue Officers raided-92, Connaught Road, and in a cubicle

to contribute to

個

pouse amalgamations.

Speaking broadly, banking operations in China during the Past year were on the whole

от commerce and

&

resolved

race.

gone up

21

.

од her

If the activity in the share sweetly with violin obligato by -ators are now making & fortune.respond to the demands for an There has been a boomlet on the encore. Mra. Balean played "Ire

Brilliant Exchange during the week, and Polonaise most stocks show a marked violin (accompanist Miss Os appreciation over the previous maad), with remarkable techni-

Orient, a low rate of exchange is generally to be "preferred to a high/many should be called upon to basket, the sides of which were With the war and its restricting like a zocket to $805; China Arditi's "II Bacio" with a special The question as to what Geron the first floor discovere a productive of satisfactory results: Shanghai Banks have gone up well. Hrs. Marley has invested

week's quotations. Hongkong and gne. She gave another selection as one, but it is equally true, as he says, that of even more importance forbet into war is now being azized was nine taels. The no industry, the process of rehabita- Sugars and Shanghai Docks have charm and delighted the house

pay for her crime in plunging the lined with opium. The quantity influence than that is a steady exchange, as trade and prices of commodities raised. It appears that the British man, whose basket it was, ad- tion adjust themselves in time to any rate. Bearing these points in and the French contend that the mitted her guilt.

also participated in the itself into

by its rendering, to her own mind, there is little cause for anxiety over the probable continuance Huns should be held responsible nothing to say in explanation of at present is quite 83 re-assuring told that the demand remains

China Sugars have The outlook She had protracted ordeal. of a high dollar; indeed, any big sudden drop would prove decidedly for all war costs, while America the crime. Mr. Wood asked her the views of the Chairman on old, old story. When the market glory in three songs Paggliacci from $108 and $115, and we are accompaniment. She also sang serious to trade and to the public as well, for the inevitable result is said to be of opinion that only

"Lady Betty." Mr. E G. as could be wished. What are would be a rise in the prices of practically all commodities. This, the actual war damages can be Treasury $750 or suffer iming for myself, whilst I am is no limit to which offerings can another.

unsatisfied. It is the same Anderson was heard in all his in turn, would naturally enhance the already high cost of living.

the Police the matter? He says: "Speak- The outspoken references made at the meeting to China's statement represents the official Prisonment for four months. In far from taking a pessimistic

demanded. As to how far this

in any stock is being rigged, there" Prologue," "Elegy " and To comment on his the hope that they will reach the ears of those for whom they were but we are certain that the Allied another basket containing opium be admitted that the future is very financial position were decidedly apropos, and we can only express viewpoint, there is no indication. 3nother cubicle on the same floor view of the trade outlook it must be absorbed. There appears to singing would be to paint the primarily intended. The Chairman was able to show that, because

be an insatiable demand at of the absurd civil war and the maintenance of a huge, uncontrolled peoples generally will uphold was found, The owner, also af uncertain and may contain many whether this is an artifical man- timbre of his voice.

lily. There was great scope in present for China Sugars these songs for the beautiful Army, China has had to face a monthly bill of from twelve to many should pay the whole

the Anglo-French attitude. Ger-woman, was fined $300.

unforeseen difficulties fifteen million dollars, for the meeting of which she has only been

which ifestation or a gennine, healthy make it advisable to strengthen rise the next week should dis able to count on the four to five millions released from the salt cause she, with deliberate and eer," said Mr. R.E. Lindsell to sy faces a multitude of questions been rushed up to $135 for cash humorous

simply and solely be

Mrs. Thornton and Sergeant "You have got a brilliant carour position." Although the coun“ close. revenues, which, happily for her, are under foreign control. The calculated intent, planned and Chinese, The spectators in the of readjustment stil, unsolved; and 6145 for July. This is ex-humour was supplied by Sergeant Shanghai Docks have Canovan were responsible for a upshot, of course, has been indiscriminate borrowing from Japan,

"duologue. Broad on terms corresponding to the extremity of her need." This kind caused the war and is therefore Court hurriedly thought the mau the future holds forth for China's plained by the announcement of Canavan, who was in first class of thing, as we have repeatedly pointed out, cannot go on for ever prima facie responsible those had rendered valuable services to business nothing to cause other payable on March 4th. People without its effect on the integrity and independence of the country taking park Germany was the the Empire during the war. The than a feeling of the highest who expected Rongkew wharves

that the

a dividend of five taëls per share and the first need undoubtedly is that militarism should be squashed once and for all. The effects of militarism in China are just as bad aggressor; the Allies had to fight, services he had rendered were optimism.

Mr. George Grimble rendered sa they have been in Europe. Chins can do much for herself by wanted to or not. She must pay, time in the Government institu

in self-defence, whether they many. He had spent most of his

to declare a higher dividend than valuable assistance at the piano developing her resources and by refraining from hindering others too, for more than the actual war ion and was reputed to be ans time in the history of the world announced (Tis. 4 per share) is the

they did last year," have been as accompanist in many of the in that work. She can do more still, as the Chairman of Saturday's costs; there are some losses which expert in the larceny and unlaw in modern times when the pro- same sa that of the previous year.

Probably there has never been disappointed for the dividend just items. meeting pointed out, by employing capable and sympathetic foreign-have been suffered which cannot fal possession, profession. This hlers of the immediata and larger. Humphreys - Estates, since the well-staged, Mrs. Mackintosh "The Lady Typist" was again ers: 88 executive officials charged with the duty of carrying out be calculated in silver or gold; time he walked into a dentist's economic future contained so minual general meeting, have being exceedingly good. in her necessary reforms. The value of disinterested foreign assistance, directed by men of high integrity, having China's true welfare at such as the murder of women shop to have his teeth attended to many elements that make für un contracted flu and have gone part as the sister of Gaynor, the heart, has been abundantly demonstrated in the case of the Customs and Salt Services, but for the foreign control of which the country these have to be taken into overcoat that was hanging on the and diametrically opposite predic suggest a good pick-me-up for quite audible, on Saturday. non-combatanta. Matters like but when he came out he took an certainty, confusion of influences doven to $7. Cannot Mr. Alves artist. The spoken pacts were would to-day be in oven a worse plight than it finds itself. Only account in the indemnity which rack. Was it mistaken identity? perennial interest to residents in still in the doldrums, and the tions There isnoquestion of more them? -Deferred Indo-Chinas are when the Chinese repose their trust in help of this sort and begin to must be insisted upon. There Mr. Lindsell did not think 80 the Far East than silver. At demand for this stock is now

Mesars Summer, Bridger, work in co-operation with each other for the common good, will must be no cutting down the bill. Defendant was asked to go back present the fluctations in the non-extent. The sensational zise Mackintosh and Reynolds Blackburu, Piercy, Harrison, brighter daya dawh for the country as a whole. That is the lesson Germany is the arch sinner. Bha to gaol, and, spend another six Silver market, which are reflected in Union Insurances has been rendered valuable susinfanīca" at to be gained from the warnings uttered at the meeting under must pay to the full.'

notice.

costa

War

cost

months there.

the almost universal view is that

*

in the Exchange, are anxiously substained at $1,050,

form.

both the