1921-08-09 — Page 7

THE HONGKONG

Page

TELEGRAPH.

TUESDAY, AUGUST 9. 1921.

THE MERCURY GARAGE CO.

GOOD CARS

FOR

PROMPT SERVICE

REASONABLE CHARGES,

CAREFUL DRIVERS.

TELEPHONE: 977.

BANK'S HEAVY LOSSES.

Disastrous Exchange

Contracts.

Mr. E W. Wilson, general manager of the Philippine National Bank has issued statement that the bank bas settled its losses arising out of exchange contracts made with Shanghai banks, amounting to $5,538,254 gold.

"Of this amount," he said in a signed statement, "slightly in ex- |cess of 30 per cent has been paid and the balance, as per statement below, is to be paid in nine semi- final installments:

American Express Co. $173,308.26 | Asia Banking Cor-

poration.

135,917,93

Banque Industrielle de

Chine

230,768.36

Chartered Bank of

India. Australia and China.

119,652.68

DAIRY FARM NEWS.

FRESH AUSTRALIAN BUTTER

"Daisy" Brand **Dairy 'Mald".

* Pastry'

$1.45 per lb.

1.35 1.15

CHEESE

Gouds (Full Cream)....... Australian Cheddar Picnic (own make) Coulommier (own make)

FISH

Fillets

Haddocks

Kippers

Red Herrings...

E

11 17

" +

$1.25 per lb.

1.00

.50 a Jar. .10 per pai.

80 cents per lb.

ZASA

70

+1

11

60

"

11 11

30

11

1.

**

NOTICES.

NETTLETON

MAXES STANDING OR WALKING A REAL PLEASURE

CALY

by black und beama

DRESS

la patent leather.

SHOES

RECKSKIN

CANYAS

ja shiza

CENTLEMEN'S PATENT LEATHER DRESS 800TS WITH SUEDE TOPS

FOR SMART WEAR

INSPECTION KYITED AT THE SOLE ACENTS

J. T. SHAW,

NEXT DOOR TO HONGKONG HOTEL.

ON THE WATERFRONT.

CANTON AND HONG- KONG.

Chinese American

315,004.60

Bank of Commerce. 15,564.57 Equitable Trust Co.

New York. ... Hongkong and Shang- hai Banking Cor- paration. International Bank-

ing Corporation Mitsui Bank, LA. Nedestandsch

Handelsbank

West River Trade.

Another Complaint. Shum Hung-ying, one of the The more or less chaotic state Kwangsi militarists who declared of the Kwangsi Province still acts As a barrier to trade between

independence of their warlord towns on the West River and Luk Wing-ting at the last mo Hongkong. Canton and Macao.ment of defeat is still active in his, Nearly all the fleet of vessels re-intrigues against the Cantonese gularly engaged in freighting to troops in Kwangei. Wuchow and other ports higher) up on the Nanning river remains idle and no hope for a re-com. mencement of business is held out until conditions become more established in the province. Beyond Wachow there is 1 guarantee that a vessel will not be fired upon by soldiers and the uncertainty of a vessel escaping damage.or being attacked by pirates is one of the reasons why there is no traffic westward of that port. Junks have disappear- ed from the river and what small amount of cargo offering there

In order to assist him in his intrigues, Shum Hong-ying is Nedeslandsch reported to have established his. headquarters in Hongkong. The address given is on the third door of No. 24 Hing Hon Road, Hongkong, which is in the charge of a certain Liang.

so as to

161.945.31

104,958.90 41.948.29

Ind.

Iud.

571,714 11

265,130.50

Maatschappi Shanghai Commercial

and Savings Bank. 80,143.04 Sumitomo Bank, Lid. 25,002.58 Bank of Taiwan, Ltd...1,109,149.57 Yokohama Specie

Bank, Ltd

1.051.303.10

$5.004,432.00

should take steps to have such The Hongkong Government

beadquarters closed assist the Cantonese authorities Amount already paid 533,822.25 to prevent further disorders and i disturbances in the province | which is essential to the pro- "While this loss is very large, it motion of trade and commerce-can be and will be met," said a Centon Times

man interested in the settlement.

is being handled by the steam tonnage still running. Quite a number of steamers is tied up at Wachow waiting for the move ment of freight to set in again.

As to Hongkong and Kwangsi Province thero is no business going on now, it was said this morning. The only shipments that are leaving Hongkong are small ones of such trifling ima

$5,538,254.25

and the Philippine National back re-established in the con- Eidence of the people at home and abroad.

Cablegrams are pouring in at the Government House Carton, from Chinese in America, Canada, Mexico,Straits Settlements, Cuba,

**The experience of the Philip- Honolulu and Manila

pine National bank in Shanghai is gratulating the Government on another proof that bank regula- the success in the campaign tions do not make a bank and against the Kwangsi militarists, that government ownership of its time urging capital stock is not a safeguard

the

same

coa-

portance that it is no exaggeration the Government to direct agains: losses. It's experience

low depreciation of what little there is in circulation. Kwangsi bank-notes for $1 are worth only 17 cents in Hongkong to-day, it is

stated.

ita forces to the North to does illustrate, however, that the

and Canada.

effect of this condition shows will come into the trade between itself by increases of a cent or two Java, China and Japan.

in the prices of these commodities locally.

J.-C.-J. Line's Building Programme.

Students For America.

is profitable.

Bulletin.

די

THE DAIRY FARM, ICE & COLD STORAGE CO. LTD.

A Cheap Lamp is an Expensive Light

APHILIPS LAMP

Is A PERMANENT

ECONOMY

SOLE AGENTS

Holland China Trading Co

TO-DAY'S MISCELLANY.

Hong Kong

PITY THE PAWN- BROKER.

A Successful Plea.

Sir Charles Wakefield has given In connection with the recent

needed to Lord's, and

headquarters

x swall

In

to say that there is at presenta crush the illegal Government in success of a bank, whether locat-a plain lead to the ruling powers theft at the Kennedy Town beach complete lapse of trade between the two districts. I ried fish and Peking. Promises of raising funds ed in Shanghai. Manila or Con-in cricket by his suggestion that of a gold fountain pen, the pro- other edible stuffs are the only for the campaign against the North slantinople, depends upon the in- the resumption of Australian sea-perty of Dr. Kheo who was bath- lines leaving the Colony.

are made. The Chinese abroad tegrity, the industry, the expersons has given a good opportunitying at the time, a pawnbroker was There is no inclination on the believe that the only way to ience and the ability of those who to reconsider the rather silly class brought before Mr. G. N. Orme at part of local Chinese business is to eliminate the illegal govern-

besten unification of the country | manage the bank.

distinctions from which arise the Police Court this morning, houses to deal up-river owing to

"With Shanghai'e intricate such curious things as separate charged with receiving the peb on the shortage of money and the ment in Peking by an effective financial banking system and its entrances and exits for amateur pawn without ascertaining its are informed that depois for the none but a thoroughly experienc-games, writes a critic in a Home campaign. We (Canton Times, treacherous exchange market, and professional.cricketers in big origin.

olisiting of funds to finance the ed banker should ever have been journal. Will the M. C. C. take the defonce, stated that the case Mr. M. K. Lo. who appeared for campaign are being established placed in charge of the branch of the hint and establish a new pre- was one of great importance to his in the principal cities in America the national bank

cedent which will have effect ou client and to other members A Kwangai note suffers a dis-

"It has been apparent that the those grounds where the disting of the Pawnbrokers Guild. unt of 80 per cent. when ex-

No decision has been arrived Shanghai branch was not serving of course, that earthquakes are prove

tion is still marked! We know, There was no evidence to changed for Chinese silver and at, it is said, as to on what service Philippine Islands; that there is any commercial purpose for the

that the defendant then there is 15 per cent discount the new ships will be placed when

make changes

at was in a position to know that on the 10 cent silver coin when it ready for commission. In con- within the immediate future, and almost a fetish at the general cases in which a theft was notified no propect of a banking profit

that tradition is the pen had been stolen. is turned into Hongkong currency. formity with the policy of the that the resources of the institu- there have been advances here could understand the prosecution The supplies of firewood and Holland East Asia Line to be tion should be conserved to take and there in recent years, and brought by the Police. In the

of cricket, mat from the towns on the river only large and fast vessels 00 care of its necessities. Therefore the new president, F. S. Jackson, case under review no notification but to the pawnbrokers be Mr. Lo) usually marketed in Hongkong that are now coming down in smaller the larger steamers will be utilised the Shanghai branch will now be certainly does not lack courage or had been circulated, and if the

run it seems likely that quantities owing to the disturbed there. In the case of the 8,000-

closed, possibly retaining 食门 Blate of the country and the slight tanners it is probable that ther agency there so long as the agency mind. It is rather difficult to act in the mapner Dow suggested, initiative when he makes up his Police expected pawnbrokers to "In view of the many state the opposition

anderstand whence would come they would have nothing to do. ments made by the press here and distinction were the old but to detain customers the whole

• The entire cabin passenger ac hai losses (many of which were and one would wager

elsewhere concerning our Shang-not from the crowd as a whole,quire a whole army of policemen. removed. Certainly day long, a task which would re- commodation on the China Mail

exaggerated) taken with the fact sum that there would be loud by his Worship, who gave the Steamship Company's steamer that the Philippine government cheers from the "mound" were defendant the benefit of the doubt This contention was agreed to China on this voyage to America The shipbuilding programme of will be occupied by Chinese 94 per cent of the capital Hobbs and his partner to make and discharged him. the Java China Japan Line now students proceeding to the United bank, the above statement, in my Tes: match by the sacred central shire and has been associated

stock of the Philippine National their appearance at the Lord's being fulfilled calls for the constates to complete their educa judgment, is warranted."-Manila stairs. There may be some old with the South rather than the struction of fourup-to-date freight-tion. The Chins will sail as 5 ers, delivery to be made before the o'clock this afternoon for San new year, it was announced at Francisco, via

fogies who would resent the North in its later developments. Shanghai and

change, but they would probably None the less, the boast was not the Hongkong offices of the com- Japan ports. At Shanghai 170 HOW TO KEEP BABY WELL Content themselves by growling an empty one, for the great Cecil pany this morning. Of the four scholars from the Ching Hwa vessels, which will be practically College at Peking will embark on

IN THE HEAT.

clan has touched Lancashire sister ships of two classes, two their way to America, where they

Once the principle were accept-affairs at various points in its will be of 8,000 tons gross. The will enter various schools and

ed there would be no more dif- history. Robert, first Earl and other two vessels will have a colleges. The Ching Hwa College dangerous lo infants and young advance another stage by giving began his official career

The hot months are the most ficulty, and we might be able to son of the all-wise Burghley. deadweight capacity of about was founded with the Boxer children. The complaints of this up the differentiation on the score Chancellor of the Duchy 13,000 tons. A Scottish yard is Indemnity returned to China by season, which are cholera infan-cards. All the players would be Lancaster in the year 1597, mader building the smaller steamers America The steerage passengers tum, colic, diarrhea and dysen-set down with their names and Queen Elizabeth. while a Dutch shipbuilding ärm from Hongkong being taken out tery, come on so quickly, that initials, without any distinction there seems to have been little After that has construction of the larger on the China number 344. often the little one is beyond aid of "Mr." or the more subtle line Lancashire 'connection under way.

Lloyds' Surveyors. almost before the parents realize between prefixed and affixed in-long period, during which the Mr. J. S. Gardiner, surveyor to he is ill. The mother must be itials. We should have Amateurs Cecils were Intermarrying with four to be launched. She slid to Lloyds Register, who has been on her guard to prevent these and Professionals instead of Gen. the Howards, the Mannerses, and from the ways of Messrs. Robert Kobe on leave for several troubles, or if they do come tlemen and Players, and we other great families. Duncan & Co. at Port Glasgow on weeke is returning to Hongkong on suddenly she should have should abolish June 21, according to information

forever that The real Lancashire connection reaching the Colony by the last on the steamer Empress of Kussis, means at hand for their im- hybrid creature, the Gentleman came, as it happens, exactly mail. The principal dimensions which is due here on Thursday, mediate treatment

who receives an indirect consider-handred years ago--a few weeks of the vessel are:-Length, 467 Kobe, who has been relieving Mr. aid to mothers during hot weather a regular salary.

No other medicine is of such (ation for his services in place of before the appearance of the first feet: breadth, 5 feet; and depth, Gardiner at Hongkong will sail, sa is Baby's Own Tablets, the

number of the Manchester Guardi- 37 feet. The ships wil be fitted on the Taiyo Maru on Friday for Canadian

an-by the marriage of the second with machinery of the very Koba en route to Philadelphis, to These

children's remedy, pleasant-tasting

In the course of his speech at Marquis of Balisbury to Frances latest type. Double reduction

little the Manchester Guardian Contan Mary, daughter and heiress of geared turbine engines will be where he has just been transferred. Tablets regulate the stomach audary Celebration dinner Lord Ro Bamber Gascoyne, of Childwall Silver State Reception. bowels and are absolutely safe. bert Cecilremarked that, although House, and of a famous Lance- Rowan & Co., of Glasgow. In connection with the recep-fever, indigestion, colic, constips Cecile could claim some ties with Salisbury, who added Gascoyne They are a remedy for simple not a Lancashire family, the shire family. By that lady The bigger abips building intion to be held on board the Ship" | tion, diarrhœa and worms. They Lancashire. He did not elaborate father of the great Lord Bali Holland are not so advanced in ping Board steamer Silver Stale make teething easy, promote the theine, and some of bris

to his own Cacil surname, became construction as the Tjikandi and Friday evening, we are healthy appetite, restful sleep neaters her twin ship. It will be some furmed that it will be an early

and regular development. -

may have wondered bury, father in turn of Lord mouths before they are completed evening," and owing to circum-

wherein lay the connection be. Robert. As it happened, there and so far little is known of them stances refreshments cannot be free at 60 cents the vial by The of Lancashire, seeing that the shire connection in this genera "Sold by chemists, or, sent post tween the Cecils and the county was a second and indirect Lanca locally beyond the size of their served on board, as stated yes Dr. Williams' Medicine Co.. 96 family seem cargo holds.

terday,

Szechuan Road, Shanghai.

to bave been

tion, for Salisbury's second wife established originally in Lincoln married in 180, the 15th Earl of Derby, and she survived till 1890-

The Tikandi is the first of the

installed by Messrs. David

Mr. H. G. House, surveyor at

17

into their beards.

•

$8

ΟΙ

СУОТ В

Wm.

Ltd

Powell

TELEPHONE 3/46

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IN

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GINS.

Caldbeck's Old Tom and Dry

Jas. Coutts & Co., Old Tom and Dry Boord & Son Old Tom and Dry

Booth's No. 1 Old Tom

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CALOBECK, MACGREGOR & CO., LTD.

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Telephone No. 75.)

FRENCH LESSONS.

G. MOUSSION, 15, Morrison ti Kozu.

TSANG FOOK PIANO CO.,

MAKERS, EXPERT TUNERS & REPAIRERS. Telephone 2127. 94a. Wanchai Road.

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4.0:

CHRONOMETERS, CLOCKS, WATCHES AND NAUTICAL INSTRUMENTS REPAIRED UNDER MY. PERSONAL SUPERVISION.

TEL. 2877

TEL: 2877.