1920-04-13 — Page 7

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HISTORIC GATHERINGS AT TIENTSIN.

THE HONGKONG TELEGRAPH. TUESDAY, APRIL 13, 1920.

· CURRENT COIN.

(BY MERCATOR") Mesars, Samuel Montagu and Co. the well-known bullionists, in one of their circulars that are sont to nib every week, speak of |a Chinësa order placed in America for $4,300,000 worth of dyes which was accepted only on condition | thas payment was made in gold,, This, of course, might be sat o against the gold which is freely demanded .by China in settlement of the balance of trade.

The week has witnessed a steady drop in Exchange, and this is giving many a panicky feeling. Since March last year, when the official support of the American exchange with England was with- drawn, the dallar exchange, weighted down by the indebted. YMCA. CONVENTION. Ceremonies of the President's trade against her, commenced to

ness of Europe and the balances of} Palace, who presented The Pre-fall, and the American sident's message

price as follows:

of silver ceased to be the one. If you want to have people of dominating factor in determining ability you arust give them the Hongkong dollar sterling education. With educated people exchange. The rate at which you can make the country silver could be acquired for prosperous. The Y M.C.A. people coinage Da realise this, therefore they are solely on the price of silver in

longer depended; promoting their four-find pro-dollars, but was adversely affected Kranim. I, the President, have by the smaller number of known them for many years and dollars that could be obtained am always ready to help. This for the year is the 25th Anniversary. The lower exchange value ia pound sterling. therefore I send the Grand Master Amerira of the pound sterling of Ceremonies to represent me and the rapid rise in the price ot Your members are the best men of silver itself necessarily entailed! the country possessed with enthus the raising of the exchange value asim. Therefore during these for the dollar The American dollar 3 tears you, have raised up men sterling exchange rate is steadily ability. This does not only rising, as the cross rate between benefit Chins bat all the world. New York and London will 1, the President, have great hope testify. This has been helped principally by the part repas.

Tientsin, April 5 Perhaps the largest Convention ever held in China has just met here under the auspices of the Young Men's Christian Associis ion, more than 1,900 delegates having been present from Hong Long and every provines of China èxcept Kwangsi and Aabsu. The delegates from Shanghai and Southwards were conveyed to Tientsin by a special train. The 25th Anniversary Convention Special Express, which, after collecting delegates en route, rolled into Tientsin with 460 on board, a larger number of delegates than the total at the last Convention in Shanghai five

years ago.

The Convention was opened on Thursday, April 1st. at 4 p. m. when General Li Yuantung. Ex-President of China, gave the following address of welcome:-

in the Association's work.”

Mr. Tseng Chin, Councillor ment of the Franco-British lan, of the Cabinet, presented Fremier which has made Uncle Sam Chin. Yun-peng's message. The realise that

Jobn

Bull significant part of it was the solvent, and

сал meet his following statement: "The divis-obligations. ions of the country, North and South, are purely governmental, and political. There is ny divi-

The rise in Exchange has prov.

I take great pleasure in extend-sian of the Chinese people anded a boon not only to individuals ing you a must hearty welcome this meeting of delegates from all but also to States. For instance. on this important occasin of the sections is proof of the essential was reating the other day that eighth convention of the Young unity of the Chinese people." the Government of India estim- Men's Christian Association. I Messages from Tang Shariates its net am in the current am sorry that the train came in Wu Ting-fang and Sun Yat-sen year will amount to nearly twelve So late last night that not all of were read to the Assembly. crores of rupees. This, after all, the delegates found suitable ar- Congratulatory addresses were is only a so-called gaio, for every comodation. I trust that von given by H.B.M. Conant-General, time the Indian Government are not fatigued from such lòng ¦ Mr. Ker, on behalf of Mr. transfers to the Secretary of journeys as many of you have W. Lampson. British Charge State for India in Landon the made to get here. It is an in- | d'Affaires, by Mr. E. P. Price, profit. that profit is liable disputable fact that the found-representing Dr. C. D. Tennes, to be turned into a loss if the ation of a nation is its prople. If acting Minister for the United amount has to be re-transferred they are strong in intellet, in States. Mr. B. B. Wilces..on the country. There must be morality, in beds and in spirit,behalf of the International Com- very few operations the exchange then that nation will have a mittee of the Y.M.C.A.. an! Mgain in respect of which that, normal society. With a normal H. K. Caskey, from Canada. The Government is entitled to regard society the progress of a nation is atmosphere- was electrically as real and permanent. assured. During the European | charged when Mr. Saito

war the Americas troops were called upon to represent thei

accompanied and taken care of

|

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Y.M.C.A.'s of Japan, but Mr. Saito). The conual bullion Tattare- gave an excellent speech which cently sant cut by Messre.

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en route from their homes to the various battle-fields by the people was received with enthusiasm. Samuel, Montagu and Company of the American Young Men's One of his observations wasis of absorbing interest and is a Christian Association. It was "Take for example the relation faithful record of the events in through this institution that the between our two countries at this the financial world of last year. troops were kept in touch by vesy moment. I need hardly and very ably compiled. I had, correspondence with their families confess to you that I touch uponțin one of my previnas budgets) and were also kept busy in other the subject with fear and tremb-touched casually upon it, but useful activities when they were ing. However, in justice to you I am constrained, to return to it Do fighting. In n

word, the and in justice to a large groupflowing to its compelling interest. Young Men's Christian Associa Christians and other liberally-Speaking of the future outlook tion relieved tremendously the minded en in my own country,lof silzer, the firm says tha! anxieties of the troops and theil am constrained to say just a there is me,probability that people at home. To-day we wee word: it is this: We share in larger supplies may be obtained not only the American Young your concern and anxiety over from increased production in Men's

Christian Asenciations the present situation and Mexico, and the high prices now have done A wonderful work, although it is much to ask, we ruling may encourage theexploita- but we B190

that beg to be honored with pour con- tion of hitherto unpromising Japan and the Continentalfidence in order that likeminded undertakings. We know that countries have made considerable men in the two countries may significant indications were given progress. In view of these work together for the common lately that the doom of silver as developments in other countries good. Outside the Kingdom of the material for subsidiary, coin I hope there will be Young Men's God there is no realm in which in many countries is imminent. Christian Associations in every this can even be hoped for." A bill styled "McFadden'

is, I city and town in China and in the The leading speakers of the see, being introduced in the world so that men may bave a Convention were: Mr. E S. United States Congress to author common idea of service and that Brockman. fire: General Secretaryise the issue of notes by Federal there may also be mutual sym-ef the Y.M.C.A. in China and now Reserve Banks, in various denom. pathy and co-operation among Associate General Secretary of inations down to one and two nations. If this is attained, n the International Committee; Mr dollars. the notes to be legal inbuman acts can be committed. Z. T. Yui, present General tender for amounts not exceeding and no injustice can be done. Secretary of the national Comten dollars. It is possible that) Hence, world peace will come to mittee:Bishop Roote of Hankow: countries may decide to reduce a realization. America has made Rev. J. Leighton Stuart, of the quality cf their silver & splendid example in building up Peking: Mr. Chang Po Ling, coinage, Canada and others Young Men's Christian Associa- President of the Nanka College, having moved in the matter. tions which we expect to strive Tientsin: Rev. Cheng Ching Yi, Somie Dations may even decide to follow. The responsibility for of the Chins Continuation Com-to sell their silver accumulations, doing rests with you delegates mittee, Shanghai. It was a dis and adopt nickel substitutes. bere to-day."

appointment to many that Mr. C Spain and France, for instance, On Friday mording Mr. D. J. T. Wang was unavoidably detained hold large stocks in their State T. Yui, General Secretary of the from being present. After the Con-Bank reserves. An almost toral National Committee of the vention the delegales were taken cessation of "silver minlage Cnited States Y.M.C.A. for China, presented by special train where they were amongst Western nations must

£17,759,011. the form of silver and gold coins French Indo-China...£13,557,271. (double eagles). French Indo- £12,182,535. China ranks second owing to the and Japan, Korea

large imports of rice and tin last £9,657,777. Formosa

yeal. In the North China Vladivostock... £8,621,151. total, treasure valued, £3,340,05€ Saturday was-a-day-full-of-

into Hongkong last year came up United Kingdom

£7,858,656. is amalgamated. India

Imports from £5,129,784, Vladivostock were confined entire interest to the delegates: In the

to £90,651,708, and of this the afternoon General Li Yuan-bang

share of the United States of Siam

£4,784,771.ly to treasure. Of this £7,997,998. gave a reception and garden party

omprised British gold coins. Strait Settlementsand On January 1 last there in America

£17,759,011-a WEB to all the delegates at his new

the Malay States... £3,319,205. Imports of treasure from the the public and private lunaticį veritable trout among the min-

United States may be split up home in the French Concession, asylums of the United King-now, £5,129,784, the value of the

under the following heads. and in the evening “Internation-hom 96,340 patients, including imports from the United Kingdom What helped to swell the value Double eagles, or the twenty al night" of the Convention was 3,739 who were classed as last year. Tabulated in order of of the imports from the United dollar gold coins of the States, observed. The first speaker st ex-service patients sald Major merit, the various markets of the States of America was the £8,231,468; s.lver bara and ingots, this meeting was Mr. Hwang Baird. Under Secretary, Home work stand as follows in the £9128,891 worth of treasure that £752, 80; silver subsidiary coins, Kai-Wen Grand Master of Office, in the House of Commons. import trade of the Colony,— came into the Colony, mainly in}£139,980.

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his report to the Convention, given a reception by President in the long ran have some ap- North China... which dealt with every aspect of Hso. Two days were spent in preciable effect. the Association's work and re-sightseeing in the capital before flected marked progress in all he delegates departed for their directions.

homes.

96,340 LUNATICS.

The total value of the imports

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