REL.nkAuPA,b% liYucikavauaphms p¢nt&u}£a!
446
T. AL. . .
F. Mow Fung, « H. K. Lêng, 1; 8, S.
Kwong
Ko Po Sham, « and it Alamikia
Teni Chauan (capt ),
S.. Kwong
HK. Leung, l
L. A. Chauson. c Lonreira, b Alarakia
A. S. Wong, b 8. S. Kwong
BC. Wung. b S. S. Kwong
Rev. J. Southam, e Loureiro) ↳ U. K. Leung 11 4. Benning, run out...... C. H. Lee, b Alarakia J. M. Wong, not onl
Ho Ko-tsun, H. K. Lenn
Extrus
Total
QUEES S
COLLEGE.
W. Alarakia, Is B. Wong
13
Shi Shin Kwong, Sontham. 1 F. C. Fan !! F. Mootee, ↳ R. Wong
H. C. Sayer e A. Wong, b H. Wong
(
Hung Kwok-leng trapt i, 4 B. Wong, b
T. C. Fan
F. Loureiro, e C. Wong T. C. Fau
10
F. Bunje, st A. Woug
t
Jam Kai-ming, e A. Wong, b T. C. Fan
4
#
Toi Po-miu, e and b T. C. Fan
CV. Curren, nal, ont
H. Bunje, e R. Wong, I T. 4. Fan
Extras
Total
FOOTBALL.
62
The Hongkong F.C. “ A ↑ mot a team of the Officers of H.M.S. Argonaut on Monday evening at Happy Valley. Although handicapped the greater portin of the game by the absence of Wilkinson, wh› sustained an injury to his kuee, the Arguments defeated the Club by threo goals to one.
On the 29th ult. the Club's Rugby team drow with the Navy, the sere being the try all After the match the Six-a-side medals were presented to Mr. Wolfe's Fictorious team by Mrs. Atkinson, wife of the President of the Club.
ROYAL HONGKONG YACHT CLUB.
The Urid Club race was sailed on Sunday, November 30th, in a goal though somewhat variable, breeze of about the same strength as that Be ween which prevailed in the second race,
THE HONGKONG WEEKLY PRESS AND
(
·
and at one time it looked as if she would make the Beacon first. Bat in the light wind clos' under the shore Dione again crept away and got round the mark about a minute ahead. On the run Vernon picked up a little, but not enough to give her the race, which ended is follows: —
Points Total
Diane Fernan
Alannah
M.
4 27 14 4 28
10
+
{ 3X (}
ONE DESIGN CLASS,
X
1 15
Bonito and Kathleen cresad the line together a few seconds after gunfire. Bila being to windward near the mark boat with Mir and Colleen, followed by Ericu, closu astern. Min. well served by her new sail, rassed and drew gradually away from the others, while Kathleen pa sed Bouilo. Erica took a long board iuto Kowloon Bay, and losing several miuntes was. bar flukes, out of the race. Colleen overhauled Kathleen in the rather fluky wind near the Beacou, which the two Loats reached together, Kathleen baying the inside berth and rounding
first. On the run to the rock and the reachi following Min further increased her lead und Kathleen drew away from Colleen. On the second beat and the run home the boa's main- tained their positions, except that Bonito gained considerably ou Colleen, which was badly served by the wind near the Beacon, and subsequently passed her on the ran. At no time during the race did the issue look doubtful, and Min is to be congratulated on her win.
The times at the finish were:-
H. M. S.
Points. Total. 10 18.
15
Min Kathleen
4 48 17
£50 25
+
£ 58 87
1
434 5
0
D
Bonito Colleen Erica
5 2 25
SECOND CLASS,
1
In this class Chanticleer came out for the first time this season and Payne was au absentee, a very nunsual thing, for she has very seldom mis el a race in all her long racing eircer, Iris was again well to the fore throughout the race, this time in the bands of Commander Deauc of the Tomar, and finished an easy: winner.
The times at the finish were :
Iris
Maid Marian 5 Chanticleer..
Darrea Citaria
Compostel Point Tart
times
point-
H.
Ꮇ .
8.
25
8 10
30 9
5 16 0
5
0 0
did not finish did not start
RIFLE MATCH.
(
:
:
[Decomber 6, 1902.
THE STRAITS CURRENCY QUESTION.
G VERNMENT VIEWS IN 1898.
Ap per just laid before the Singaporo Legis- Itire Council contains a despatch on the Straits Settlements Currency question by the late Sir Charles Mitchell, then Governor. It bears date the 9th March, 1898. At that time the Singapore Chamber of Commerce favoured a gold standard scheme that had been drawn up by a sub-committee of that body. The Governor subjected the report of committee to sharp and the mercautile community of the day, there was adverse criticismi, and pointed out tha, among
considerabl⚫ divergence of opinion as to tho remedy for the exchange difficulty. The sub committee's scheme was purely tentative, and the report was silent as the cost of t'e experi- ment of changing from a silver to a gold basis, The report counselled the issue of one dollar ed demonetisation of the existing dollars and notes to tide over the time between the propes-
the issue of new token dollars, The Governor remarked that the cost of the collar notes would be heary, and would have to be borne by the Government. He then laid his foger on the weak point of the report-its silence as to the limit to which the proposed token dollars would be legal tender. The Governor thus touches on this:-
"If there is to be a limit of legal teuder, tlo scheme would mean not putting the dollar on a gold basis but introducing a gold currency, Any attempt to establish a gold currency in the Far East is out of the question, not only because, as pointed out by Sir David Barbour in his minute on the report of the Indian Commission, gold coins would in practice bo of too great value to suit the vast majority of transactions, but because of the great cost and risk of introducing a large stock of gold, even supposing that the world's supply of gold were sufficient."
75
The Governor objected to a proposal of the sub-committee to render the token dollar 69 to dollar. The objection is based on the ground per cent of the weight of the current
that any sudden change in the intrinsic valno of a coin which had, for generations, been the standard of value in the Far East should, if possible, be avoided. In his opinion a reduction in the wright of the dollar would be regarded by the natives with mistrust, and, in the neighboming countries or islands with which we trade and where silver per se is looked on as the measure of valu›, it would certainly be repad ́ated. No native coming to our shores to trade would by content to receive payments of silver reduced in weight by say 25 per cent. The Governor rai: ed another point of objection by noting that, before a Currency Commission appointed by Sir Cecil C. Smith, the then Governor, in 1 93, Mr. Craig, a witness, stated so long as we are on the out- skirts of and surrounded by countries using different dollars, all of which come to Singapore, we should do nothing to spil or trade, and 1 think that if we make any change to a sterling basis, to the prejudice of the dollar, we shall 9 spoil our trade with silver using countries." Mr. Murray, another witness, expressed the opinion that silver coin ‹ with a fictitious value for circulation in the Straits could never by sent out of the Colony.
A rifle match between teams from II.M S. Ocean and the Royal Engineers was lived off on 27th unit. The following are the scores of the best eight of each team :--
H.M S. OCEAN
C. Marshall. P.0.I. J. Crocker, Ch. Árinr, Mr. Wood
T. Hobbs, P.0.1. Lieut. Craig
12 and 4 o'clock the wind in the middle of the harbour was considerably stronger than at the start, and crnon, doubtless in anticipation of a freshening wind started with a reef down, which piece of caution in all probability cost her the race. The start iulthe first class was very even, but Alagh to leeward was badly Payur... blanketed by Diane, Ternut was to windward of the other two, and by the fine the haats cross- tacked for the first time had established a clear load. Alannah did not seen to be going as well as in the last race, aud both ber rivals soou drew clear away from her. Dion, after clearing the shipping, stood further in towards the Hongkong shor than Vernon, and getting a stronger tide and some favourable southerly puffs off the bil's, gained considerably, and shortly afterwards, passed clear ahead of the other new boat. Fer some distance there was little between the two, but as they approached Lyeemoon the wind got highter and our rapidly increased her lead. Shortly before the Beacon was reached Verum shock out her reef and changed foresails very martly, and being somewhat favoured by the wind lost little ground during the operation. Dione rounded the rocks about 24 minutes ahead of Vernon aud about 4 minutes ahead of Alannah. On the run to Kowloon Rocks and the reach to Meyer's buoy the relative. positions of the beats was unchanged, though Fernon drew up slightly on Dioue and Alanijah on both. Before Meyer's buoy was reached the tide bad turned and all, three boats started working up the Hongkong store. Vernon, however, soon took a long board out into Kowloon Bay, and Die followed her. while Atumpak stuck to the llongkong shore. trying to cheat the tide, Alamah was couriderably asteru of the other two by this time, but she might have had a chatice had she not gone too close in opposite the Metropole Hotel and got ashore on the sund bank which there runs out some distance from the land. On this bank she stuck for 5 minutes or so, and afterwards was completely out of the race. The two new boats had a magnificent
Vernon, with her full sail, gradually re duced the gap which separated ber from Dione,
racc.
+
i
Mr. Jeffery J. Cousens, Lg. Sea. Bombr. Leuillette
TI.
200 300 Geri yds. yds. yds,
33
BE
96
Average. 9437
ROYAL ENGINEELS,
Lieut. Bingay L. Cor. Robertson Sapper Palmer Sapper McEwan Sappor Blaber Corpl. Augus Sapper Watts L. Cor. Bond
31
30
א'
Average 82.12
#=525663
35553254
ng
90
9
29
אא
86
X7
80
19
3
Sir Charles Mitchell then showed that the sub.committee really wanted a gold currency 72 pure and simple. He brought forward the opinions of some of the witnesses at the Currency Commission of 1893 to show what this meant. Mr. Edelman declared "In my opinion, if the use of dollars for trade transac- tions is not prohibited in this Colony, any Schunge in the currency would be a dead letter." Mr. Ällinson said. If it was left open for people to make contracts in other do lars, the change of currency would be a dead letter." Sir Charles. Mitchell then dwelt upon the great danger of 73 the proposed token dollars being successfully counterfeited in China for importation there. He expressed the opinion that the Chamber of Commerce sub-committee's currency seleme should be set aside and that the results of the currency experimen's in India and Japan bo awaited before the local Government committed itself to any sweeping currency changes, He laid special stress cu the need for getting at the opinion of the bu'k
א
657
Captaiu Liu, who was recently reported to have been executed at Chengchow. is stated at Tientsin to have escaped with the connivance of | the local officials and gentry.
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