March 30, 19011
ROYAL HONGKONG YACHT CLUB, To-day there will be a race for yachts in the Championship Class, to be steered by ladies, for a prize presented by the Commodore
The handicap will be:-
Alannah -Bonito
Iris
Erica
Chanticleer
Maid Marian Gloria Doreen Active
allows
30 secs. 1 min..
3
་་
་་
CHINA ÖVERLAND TRADE REPORT. ES
3
275
| unrest for the populace, shows its vita-3 These figures represent only such movements of lity and how quickly it will revive Bullion as came under the notice of the Customs, when peace is restored. We may hope that the and must not be taken as even approximately Chinese Government, under the pressure of correct as regards imports. There was - an circumstances, will now awake to the necessity enormons import of Silver in the shape of of developing the resources of the country, and British, French, and Mexican dollars, brought we shall then see China becoming more wealthy by the military authorities. — In Manchuria. under the stimulus of apparent misfortunes. dollars are said to be ousting sycee as currency, The strength of the Chinese lies in their in- and it is possible that the same change will take dustry and commercial aptitudes, and not in place in those parts of Chibli where dollars are their capacity for war, and the cultivations with at present more plentiful than sycee. Tho foreign Powers will serve them better than export of Gold, coming principally from Man- the vain policy of exclusion and resistance to churia, was checked by the wor. On the other progress,
hand, large quantities of Gold coins, chiefly from Japan, were imported by the banks for sale to Chinese, who bought them freely as con venientiy portable during a period of suspense. The dollars turned out by the Chinese mints have not gained the confidence of the people, but there is some hope that more attention will be paid in future to the preservation of a uniform standard of purity.
Of Imports the report says:-It will be seen that, with the exception of 1899, which was a The course will be from Police Pier, round remarkable year, the sterling value of the Im- Channel Rocks, markboat at starting line, and Channel Rocks, ali to starboard, and finish port trade has not increased during the decade. across starting line from east to west. Start Reference to old price-lists shows that silver prices generally have risen in sympathy with at 2 p.m.
On the same day and same course there will the full in exchange, and the sterling conversions be a race for service boats steeted by the mid-more fairly represent the course of trade than do the silver figures. At the same time it must be shipmen in charge, for a prize presented by the remembered that the value of goods from the Commodore. Start at 2.15 p.m.
Straits is not affected by sterling exchange; while exchange with India, although the closing of the mints in 1893 forced up the value of the ropee, has not followed the exact
with of exchange
Europe and
To-morrow there will be a race for a prize presented by Captain Brown, C.P.H. Time allowance as per Y.R.A. scale. Ratings cal- culated under new rule. Course will be from Police Pier, round Channel Rocks, Kowloon Rock, and the markboat on the line, all to port, twice round, Start 1 p.m.
D" INFANTRY CO.
This company held the final shoot in the Competition for a cup presented by the Hon. J. J. Keswick on the range at Kowloon last Sunday. Owing to the unsettled weather the attendance was small but some good scores were made.
course
THE DEVELOPMENT OF
KIAOCHAU.
In! Kiaochan
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The White Book issued recently by the America. Japan has now a gold standard, | German Government contains some interesting but the currency scheme adopted left her details of the activity displayed in developing exchange with China almost at par.
during the year ending with some directions also there has been a reduction Octobar, 1900. Although the political disorders HONGKONG VOLUNTEER CORPS. in the sterling cost of production, and the rise in the Far East have affected the state of order in silver prices has not quite kept pace with the in this German Protectorate at no time during fall in exchange. While, therefore, the ster- the last official year, the disturbances in the ling conversions are offered as interesting and Chinese province of Shantung, which forms as a better basis for comparison, it is not the hinterland, threatened to reach the German claimed that they are an entirely accurate index frontier, and in fact they did result in the of the changes in the bulk of the trade. There complete interruption of the preparations made has been an increase, and the Chinese are in view of railway and mining enterprise. was in its. gradually purchasing more foreign goods, ard Fortunately, the work thus affected they are demanding a better class of cotton initial stages, and the harm wrought was Both in the colony and goods; but the table seems to show that, owing confined to delay. to defective means of communication and the along the coast there was a general dead- lock in trade and intercourse as the result cost of carriage, each port supplies only a restricted district. When the populations of of the uncertainty of the political position; such districts are satisfied, trade stands still, important undertakings on the part of Chinese except for such expansion as increase in their traders were not carried through, and at one unmber and the profits of the trade enable the period the development of Kiaobhan threaten-
ed to come to a complete standstill. people to demand. When railways are built we shall see a great advance in the trade, not only because goods will penetrate further, but because a large proportion of the capital used in construction will be spout by the Chinese on foreign goods, to be paid for eventually by Exports.
* Corpl. Ritchie Prvt. Horley
27
13
Andrew...
200 500 600 H'cap. Total.
yds. yds. yds. 30 30 32
103
11
31 29 29
10
99
29 32 26
10
96
... 30 31 33
94 1 93
Watson Capt. Forbes
24 30 24 15 The conditions of the Competition were as follows:-Six shoots at the three ranges, the first, second, third, and fourth scores in each shoot to count 5, 4, 3, and 2 points respectively. Private A. Mackenzie wins the cup with 19 points. Private Horley 18, Privates Watson and Andrew 17 points each.
* Winner of Spoon.
CHINA'S FOREIGN TRADE IN 1900.
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Fortunately the officials rose to the occasion, and put forth every effort in order to carry forward the great technical and economic un- dertakings in progress at the time. The work of constructing the harbour was not inter- rupted for a single day during the official year, and great prog ess was made in building the stone jetties which in the near future will afford a suitable anchorage for the largest vessels. Streets have been laid and houses built uninterruptedly at Tsintau and in the neigh- bourhood. The central water supply, the most importaut feature from a sanitary aspect, is nearly completed, and the hills lying around the town have been planted with trees on a careful method, while Tsintau has been con. nocted with Chefoo by means of a German submarine cable. In other directions progress: is to be recorded. The local law court has been able to deal successfully with the growing demands made upon it; the German school has been enlarged, and an official journal has been founded. This organ publishes all the mora important orders and communications both in German and Chinese, and is to be regarded as a further step in the direction of winning th› Chinese over to the German administrators.
Under the heading of Foreign Trade, Mr. Tay. lor says:-One would naturally have expected a di astrous commercial panic with heavy failures; but the year has been, generally speaking, a fairly good though anxious one. Trade was so Mr. F. E. Taylor, statistical secretary of the brisk during the first six months and revived so Imperial Maritime Customs at Shanghai. strongly towards the close that contrary to all makes in his review of the foreign trade of expectations, the value of the foreigu trade was China in 1900 the following general remarkss well up to the average of late years, although -The great expansion of China's foreign naturally fälling short of such an exceptional trade, shown by the statistics for 1899, was
year as 1899.
At Newchwang such astonish- continued during the first half of 1900; bating progress was shown previous to the distur- the disturbancos in the North, which became bances that a rapid recovery may be looked for. serions in June, not only stopped for a time dll Tientsin may possibly be adversely affected trade at Newchwang and Tientsin, which had for some little time, but it is just as likely shown such improvement during the previous that the profits of the military occupation and year, but naturally had a depressing effect the wide distribution of hoarded wealth which throughout the ports. The idea that the Boxer has taken pl-ca will lead to an early increase movement against the Christian converts could of trade tliere. Personal experience is more be successfully employed in the deliverance persuasive than advice, and the Chinesa Gor of the country from foreign dictation and ernment will probably be more disposed to
The White Book fitly acknowledges that this interference was accepted by only a limited regard with favour the extension of railways part in Peking, and by certain officials in since the arduous journey of the Court to strenuous efforts of the officials to keep the the northern provinces. Elsewhere it was Hsian, to which place supplies came very activity of the Protectorate alive during tho fortunately received with a scepticism which slowly and suffered considerably in bulk on recent troubled times were aided by German proved sufficient to save China from a general the road. Famine, too, has come under their merchants and private enterprise, the most im- war, and trade went on as usual, hampered only immediate notice, and the people were perish-portant in the latter respect being the railway;. by a want of confidence engendered by the an- ing around them without hope of the relief | seeing that if railway construction had come to certainty of the political outlook. In the South which railways could have brought. Whatever a standstill the loss of orders for iron to the
a rebellion, which at one time looked serious, changes may result from the erents of 1900, | amount of many millions of marks would havedans
whatever readjustment may take place in the share of the trads taken by cach country, it may be confidently expected that the foreign com- mercs of China, as a whole, will continue the expansion which was so marked in 1899.
was promptly suppressed by the authorities, but cansed some disturbance to trade in the districts affected. The Yangtose Valley was kept wonderfully tranquil, and one or two abortive attempts at insurrection wer、 immediately quelled. The power of the officials to preserve On Treasure" the report contains the order has never been more strikingly manifested. following remarks: --The recorded movements That trade was not more ruinously impoded, al- of Gold and Silver Bullion between China and ways excepting the actual ares of hostilities, foreign countries show a not import of Gold during be year which was so exceptionally | worth Hk. Tls, 1,22,315, and a net import of trying to merchants and so full of Bilrer to the value of Hk. Th. 13,442,212.
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affected seriously the home iron market. When railway construction was interrupted in the hinterland to the north-west of Kinochan, the engineers and labourers were employed wi h redoubled energy in pushing forward the now- line to connect Kisochan with Trinten. This line has been laid down simultaneously from each of these places. The embankment. pleted; the greater part of the soury, with the exception of some rather bridges, and the station buildings are
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