Page
SATURDAY, FEBRUARY 28, 918.
ber ner "The
resource
THE WAR.
THE CHINA MAIL.
Το
All our
LONDON, Fak 20
In the House of Lords, Lord Curzon, One of the first requirements of your said that Field-Marshal Sir Dongian negotiations will be to secure an absolute confidence in the note issue-Govern- Haig retained absolute control of his ment and no private inasand in the troops although certain reserves would: parity of the outputs of the mints Webs at the dispost of the Vermilles hope that the plans laid bafors you, by the Minister of Finance will be carried Council to meet any point of danger. to a successful conclusion..
A MINISTER OF JEWISH, AFFAIRS
Fb. 20. AMSTERDAM,
the
Affairt in
GERMAN BUBJECTS TO BE RENOYED FROM-ELST ÀFRICA:
THE ITALIAN FRONT. of the Salt. Buvenile Administration Fund was started, and up to the nut be faced. Such boldfaretherafors will pitical stability which te clearly or of the Central Government, a fact end of last year the total amount appreciate the more consideration essential for retrenchment and reform. of subscriptions received towards shown to them by the grand by an addi-The Chiness are born trador. The
Loanos, Fab. 30, which should be set against azy too that Fund was $866.com The pablished local 10/- and the parting thereby with soil of China is fortile and her under sanguine inferences to be derived reports in the papers from time to time gure which some doubloss would have ground riches are res What ber Ax Imlian official mengen abatera.
British acroplanes affectively boniber from the above figures. So long as show how the money has been allocated, liked to have boon passed to reserves. If railways can do is hinted at in your and needless to say the Hongkong War Four friend the Chief Manager happened speach; her waterways are valuable and the control of the Central Govern charities and in deserving of the ful to be aisong that number I hope that he there can he no doubt hot that after the Casara aerodroms destroying ment over the romoter provinces is lost inpport. I may mention that in can feel some compensation for his dis- war all your reserves will find ample and airship shad
general remunerative employment. We continue ineffective, and they are allowed to addition to an betri hing to the local appointment by the very Asert their independence upon overy Fund, the Bank makes donations to War approval of the shareholders with this ac- to regret that China's mises are unopene Our seroplanos dropped pretext, this practice will certainlyharities in various parts of the world. tion. Bir may the day be very far distant ed. Those of us who may 839 tun for of bombs on an Aviat continue and possibly increase. It and your Directors feel sure it is your when the shares of this great Institution cori, aigh to think that the best of cual liem
wish that this Bank should asist liberally become the sport of the Stack Exchanges near to hand and could be put on the Comins, causing a big is one which we must hope has thein relieving the distress caused by theNo sub-division of shares and to amb-market at a profit for sum much less mehines returned.
ing with dividend possibilities is, I am than that figure. To the British trader serious attention of the Chinese War.
sure, the palloy that commends itself, to and ia his Chinese associate the future the majority of the shareholders and is is I of hope for he knows that he will Govermanent as affecting its principal revenue, and as one of the gravest
Upon the occasion of our last meeting the one that will bent pay the Bank: The receive overy facility that you can gee BIN DOUGLAS HAIO'S 'POSITION. Reatures of the situation with which the hope was expressed from the Chair shareholder who thinks that he can him to finance and sesi develop his that the year would bring with it foresee and forestall the course of ex-bances.We bear with interest your it has to deal.
Thanks however to the high level of Victory and Peace. It has not dune so. change can do his own manipulation and remarks upon facial reform. It is Lexchange and the officianoy of her two The defection of Bessis has set back the exchange his silver holding for gold and indeed a measure of the Brst importance great Revenue Administrations, the hands of the clock. The Fence which wie sierad
and oar Allies are bent upan obtaining I am sure that we all are pleased that Customs and the Salt, China has may even yet not be in sight, but daring you again place on record your apprecis probably never had so much ready the year, still more of the Peoples of the tion of the work of your staff in your money at her command as during the World have thrown in their lot with us many branches and, we heartily ratify last six months, at a moment moreover and among them that great nation the the grant of a substantial bonus--to per when her entry into the war on this United States of America, with her vast sent in place of the stiler grants of 10 With her beide us with per cent Bir, on this point I am led, to
Itrust, gentlemen, that I have not Ale of the Allies has imposed upon our hearts filled with the glorious make a remark that may be regarded
and serious obligations. decds of our armies, and the armies, na
in Is revolutionary-revolution
kept your too long The last bccasion itnt-radica! or he when I had the honour of facing an have of our gallant Allies, our faith the air, in Governments Allied signified their appreciation of the cannot waver we go forward to terodox. I aux Laboral Conservative audience similar to that which now Alls important step by consenting to the gether, more closely united is action but there is a touch of Non-confirmity this room and speaking to a resolution telegram From Warmw states that suspension of the Boxer Indemnity and purpose than ne before, in con- in my blood a flat fee will on the from the Chainman I found myself in the Mr. Moses Silberhalb has been appoint.
arvice (but in the case of Russis to the be betruyen, and that there will employees will all participate in the that in seconding, and Inow formally do, ed Ministka
fidency that the traditions of our peoples maternal side. I look to the day wben | interesting minurity of one: 1 am sare textant of only one-third) for five years, be no turning aside until right is raised profits of their several trades and when the adoption of the Report and Accounts Ukraineed a
whereby the annual sum of over triumphant, and might is tendered bonus will be on a sliding scale. To before you, I shell and myself one in
2,100,000 (hot including the German powerlees before the world. (Applause) man on a high salary bonus is souree large majority-(Applause)
The motion was carried unanimously. and Austrian indemnities, payment of I now beg to propose the adoption off of gratification and of enjoyment.
the mea on a small aslary, and one too . L . Lastra proposed and Mr. which ceased upon the earlier rapture of the Report and Accounts.
that very often cannot rise. sbors & P. Hotor conded the confirmation of relations) will be released to China; in
SPEECH BY MR. A. H. HARRIS.
modest maximum, a bonus is a priceless the election to the Board of Directors of addition Chica has now entered upon
"Mr. A. H. HAxalt is with nch boon. Let them the smaller salary re- the Hon. Mr. D. Landale. Mr. Ar H. Degotiations with her Allies for the pleasure that I rise to second the Report ceives proportionately increased bonus. Compton and Mr. F. O Butcher revision of the Custom Tariff to and Accounts that have now been pre- I pasa on to teach upon the second also the election to the Board of If the Hour of Commons Mr. Mae effective 5 per cent, which may be sented to although I have the aspect of your Report, that of its Patrio Directors Mr. & H. Dodwell and Mr. Pherson announced that arrangements expected to result in substantial bonear to hold ar oficial position under tio tone. You will carry us all with you T. X. Edkins, and the motion wa
would shortly be made for the removal the carried: incressa to the revenue. The Country's an allied Government whose entry into in anything that you do to sasist
MT. E PRANCE proposed and Mr. W. of all German subjects from German the war is so tactfully and cordially Chancellor of the Exchequer in, beating revenue is also gaining by the slow But gradual improvement in railway welcomed in your speech my remarks the heavy burden of financing the war. DEXBAE seconded the re-election of Mr. Past Africa (Cheers.)
It is a source of of a modest share-
gratification to know F. Maitland and Mr. E... M. Williams are of course those earnings. The earliest of them in which holder. The Chairmen speech of this that the great London Banks bare a andizors for the answing year and the wo ware interested, the Shanghai Bank is by common comment regarded thrown themselves with such inanimity motion was carried. Nanking Railway,
DOW, as ons of the great events of the trade into this matter and that through our So intimate is the connection London House we are not unrepresented am glad to say, more than paying its year. way. After meeting all its current of the Bank with the trade of Chios-s in the councils of the Financial world. expenses, including the payment of closer correction than that of any other The assistance given to interest on its debt in starling, the Eastern bank-that its report epitomises charities is, I am sure, approved of by as accounts for 1918 show a surpins of in terms of finance the success or other all and you can rely upon our confidence about £17,000. I feel confident that, wise of eastern trade and in particular in your discretion. Your remarks, re- of China trade. I regard this report as garding the desire to volunteer for wor given alicient management, similar of equal importance with that issued by Barrice which has been active among results will follow in the case of the other the Statistical Secretary of the Customs, your and the staff sympathetic ziew railways as soon as it is possible to and as an expansion of those brief but taken by you is noted with interest I complete their construction and to illuminating figures put out by the am sure that we expected nothing less. resume the development which has now Inspector General of Custome, and more It is difficult for us living in the pesce recently also by the Salt Inspectorate, and comfort with which we are sur been temporarily arrested by the restric-telling of the yee's revenue collection. rounded in the Far East to fully enter tion of war finance."
With conditions so favourable, both your Repert abounds with most into the burning desire to be up and interesting facts and figures and is doing that ran like fire through our own in respect to her finance and her foreign pitched on a high level of elcquence. I land and the Dominions are that is relations, it is more than regrettable to would offer my respectful congratul- still burning, kept alive in na gmail mea have to admit that these are largely ticos to the talented directorate of sare by the sight of our wounded and by neutralised by the deplorable state of the Bank that year after year puts out the recital of their experiences. The war. these able and instructive pages. With as you have truly remarked, is a great China's internal politics, which bas
so much.
material to deal with the diffi-spiritual confics; we must not forget to
After a heavy bombardment, the GERMANY AND THE FAR EAST, in fact
ponder deeply its spiritual significance reached the stage of culty must be to curtail its length. -ivil war. Party leaders, military There are many points of interest in and its lasting effects. I would like to enemy attempted a raid, to the east of
governers and politicians of every your speech that present themselves to accord all honour to these of your stat tank, each with his own formula me and that call for attention. It is not who pressed for and obtained a Cem-Arleux-en Gebelle which we completely of democratic government, struggle for within my competence to cross the mission to decide after a comprehensive repulsed, killing and taking prisoners a place and power, with the consequence and to dot the "s"; this others can do review of all facts, what men and bow that the efforts and resources of the far better; but en passant I mest allude to many men could be freed for bone and number of the enemy.
one item of much significance-Iallude to front rank work. The demand is Central Government, instead of being
35
the prohibition of the export of dollars
various
WAT
The Crammar then announced that dividend warrants would be ready on Monday and the meeting terminated.
TELEGRAMS.
THE WESTERN FEDNT. BRITISH TAKE PRISONERS IN TWO
ENCOUNTERS.
LONDON, Feb. 20, Field-Marshal Sir Douglas Haig reports:-
atill Ya took several prisoners in a
LONDON, Fab. 20.
THE IRISH CONYRATION.
LONDON, Feb. 20. Mr. Bonar Law stated in the House of Cemmons said that it was much too soon to conclude that the Irish Convention would be without result:
THE OFFICIAL SUMMER.
LONDON, Feb 10.
In the House of Commons, the Rt. Secretary, announced that Summertime Hoa. Sir G. Care, EC, the Home
would begin on March 24, and end or August 29.1
PARIS, Feb. 20.
It is pointed out that the Brishorik capitulation secentuates the danger of German expansion in the Far East.
The Edo de Paris says that Japan ccessful, local enterprise, to the north now play an important part it the
Entente permita east of Wytsclimates
FRIZE COURT DECISION.
LONDON, Fab, 20.
CONTINUOUS AIR-FIGHTING,
Field Marshal Sir Douglas Baig reporting on aviation, states
We bombed, yesterday, an aerodrome The Prize Court has ordered the to the north of Douni and a dump tolesse of coconut oil valued at £120,000 the north east of Lille, We dropped which was seized in the steamer Bonna Efty bombs on billets.
We brought down eleven machines
and five other nantral vessels, on al
great and it is possible that the cas como wholly devoted to administrative reform and of silver from the Colony and from come for still more men. Ifit does come and the common cause of the Allies at other Colonies except under strict licence you will, I am sure, de all that you can so important a juncture, are perforce-a change in the accepted policy of to meet itAre the possibilties of xpanded in the attempt to reconcile geruments that nothing but war con- women's work exhausted in Hongkong political dissensions, suppress armed ditions can possibly warrant. We have the other hand, I fully admit that opposition to authority and satisfy the thereby made our currency for the time duty is often found in doing the thing being an inconvertible one. It has, of that lies to hand, and that duty may Snancial demands of military com course, kept our local exchange well be bo to continue in the common round mandera. We are ardent believers in low the parity of tilter, but it has doubt of business life. Managers of valuable businesses must have asistants on whom the fature of China,, with her indes-teas assisted trade by maintaining our trious people and great natural re-silver reserves and by curtailing gam- they can absolutely rely if otherwise sources, and 1 air fally persuaded that bling. It may well be, Sir, that the old the business way on te, and income tax
Fule that ballion must cirmilata freely excess profite payments, these are destined to play a X and that by raising rates you attract payments will also disappear. But fir, part in the economic adjustment of the specie was inapplicable because the for the max whe forms a committes of world after the war; but the case of world's demande for silver under the one and who considers that he is Lore and drove down another. The infantre 707ge from the Dutch Esat Indies to Buuria shows to what lengths political stress of the war are far in excess of the useful, as be doubtless is theorists may be led and it is earnestly world's supplies, and that on this ac- comfortable, in his Eastern post and is also brought down a might bomber to be hoped that Chinese politicians count the ends justify the means. Des unwilling to commit his fortunes to the may be warned by this example to sink pite misgivings, therefore, I am inclined matured judgment of his seniors-for
Crown's contention that raw materials their differences in favour of the wider to believe, in fact I must believe, that such a man, if there be say, woull have
the new order has benefitted the Colony feelings of what shall I say pity, or dropped on an important railway care, dedigned for neutral country for Aims which the interests of their own and in the long run all interested in the shall I say some barber word.
cama to the third feature that of to the south east of Cambral and on
manufacture and consumption there country and of the world at large alike Colony, demand from them. It redounds to
There are three thoughts that rise to promise for the future. And here I feel the credit of the Feking Government my mind on a perural of your report some alarm. It has been inevitable bilets to the north of Douai. We also able to condemnations on the ground that similar article might or that amidst the distractions of all these is recital of prosperity and pro- that during the course of great war, again successfully attacked Thionville
it and one of noch
long duration as the and 26 heary bomba wars propped on
would subsequently be exported to the domestic troubles it should find itsal gress; it breathes patriotism; and
that unity of direction and gurts b Zore us, & large pot on the parentis.
bfore us larger profit on the essential. But I notice with dismay, in explosion and two firex.
writings and speeches of the day, with rehabilitation of the referves of the twoyear's working All expenses, on build their forecasts of the future that Despite considerable anti-aircraft, all ||
ings during the year, or, ta. be strictly
more
Sweden.
The President of the Court, Sir
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HAVE YOU BEEN OTE
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EM WELLER Manager. Powell: Building, 19 Des Voeux Road, Hongkong
of our machines are missing. Samnel Evans, disagreed with the 10-day's advertisements To-day's Advertisement
During the night, 150 bombs were
able to give serious attention to the two full of promise Progress and propres interests have "become the railway station, causing, enemy by other citizens of that country.
most pressing reforms of the moment,
the reform of the currency, and the
mentt:
t
THE FRENCH FROEL
AN INTER ALLIED SOCIALIBT CONFERENCE.
LONDON Feb 20
PUBLIC AUCTION.
THE Undersigned, have recei
structions fa mall by Public Auction FOR LOCOUNT OF
WEDNESDAY
the 8th March 118 at 11
At their Sale Sons, No. 8, Des Voter For Corner of
Ice House Street,
AN APOSTKAST OF SILVER WARE, ELECTRO-PLATE
CLOISONNE IVORY AND SATSUMĀ “ARTICLES...
PUBLIC AUCTION
HE Undersigned have received
structions to sell by Public Archi SATURDAY,
the 9th March, 1818, 43 10,30 sam,, at This Kownon Hailway fliation,
AN ASSORTMENT OF STORES,
-As follows: sp Lamp Glasses Filters Carpenter Tools, 4 Sets of Mule Hardes, Metallie pes (various lengths); Iron Bolts and Hale, Shutter Fastenings G Glasses Socketa, Brass Cocks,
Indis Rubber ga Asbestos, Packings, & quantity of Plumbago, De Wax, Prussian Blue Fumica Stone, &electric Fittings and Sundefend
hos hic.
The wutar-Allied Socialist
and on the war aims held
crenco
núry. ・West-
Arthur
donald;
Vander
resenting
SILVER
repre
resenta" KLECTRO PRATED GOODS
Kettle, Ice Pall, Cheese Dith, Punch Bowl, Cottes Panele, etc. ULOISONNE, SATSUMA IVORY, &
Carrings, Card Cases, Sweet Stands, Cigar Haller, etc, eta
A
Station
LONDON FOL 2005
Henders Mr Sydp velda
Mr
Belgium: Mr. W
A French communiqué stater:
wal fairly great arti
From Fel
gue and on the senting South Africa, and
tives of Sweden and
to 18 we brought | The French and Italian delegations
But have not yet scrive
Government Banks. Thevalne of the Fek- accurate, some 90% of them, have been governmental control, state partnership our machines returned. ing notes of these two Banks, owing to the paid for out of, profits. substantial Tariff boundaries are to become common Our seroplanes to-day, dropped a tos sum is again passed to reserve. And in features of that future. There is of ontinuous and heary demand made addition to the gausi, and I presume, course, a large field for governmental of bombs on facturies and the station at upon their reserves by the Central anticipated dividend of 43/-, making action; such as encouragement of re- Pirmasens in Germany Hits were Government, have for month past 4.8.0. for the year, a bonus of £1 has search and grants of funds the im- steadily declined to about 60 per contbeen declared and a sum slightly in provement in educational programmes, obtained near the statión, gaswor of their face value. Arrangements hare excess of last year's amount is carried technical and economic and so forth factories where a large are was caused. now been made for the reimbursement forward. What can we do but express We have been making great expert All our machines returned to the two Banks of a large portion of our gratification at such figures and ments in Governmental interfere ce in the indebtedness of the Chinese Governppreciation of the great ability that private business and it is too early to advantage interference can fittingly con ment, by the issue to them of short they denote on the part of the manage any with what success of with what term 6 per cent bonds to the amount May I be allowed to sympathize with tinse fer the war. And 3,3for one. of $48,000.000, these bonds being that slight sign of regret that breathes heartily echo the words of Lord secured upon the suspended Indemnity out of your sentence not much margin Inchcape in his recent able review of Service, which will be held by the for profit taking. Six your Chief the Shipping situation The British Inspector General of Custom and Manager has not done bedly despite the merchant aaks from -bis Government, in applied by him to their redemption by handicaps. In the somewhat hippant addition to what I have above returned ball-yearly drawings. It is sincerely language of the day his profits are zone to, to be guaranteed fair play and open fight of to be hoped that the arrangement will so duay There are still giants in the doors and protection from an armed land. We have been favoured with a foe when required. He does not desire. enable the two Banks in question to bonus increased from 10/- to 20- and to be taught his business nor paternal down 18. enemy machines."
A railway statio resume immediately specie payment of the note of warning with which this legislation. There is such a thing their Peking notes, thereby relieving announcement is accompanied must not as departmental indigestion and Heaven situation which was daily becoming be overlooked. Had archange been on protect us from a surfeit of Fosbach, and Benad increasingly detrimental both to credit & lower level this increase perhaps conid such indigestion The powers of the and also
not have been afforded, Profit being Constitutional Reform Association of and trade
often made in sterling currency lands. Haugkong may in such a caso be more big are broke out. And this leads me to remark that the severely taxed than they now threaten CHINA'S CURRENCY.
ly, may have been shareholdersbose to one is gratified that
Que
that conditions in With regard to currency generally, Dames are on the Dollar Register scheme for the unification and reform of Chinese and Eastern residents and who Chins have permitted the successful. the currency has been laid before the hoped that they might receive soms trade to which your report testifie international Banking Groups by the compensation for the depreciation In Paradoxical as it may sound, it has been Ministry of Finance which, although their holdings so far as realization success due to the war and one ob under prosent war conditions is hardly on the local markets is concerned.tained in the face of, and despite of It may have been hoped that much internal unrest Sach editions "low rate are not healthy. We all regest, day we e-at encouraging indication of portasce attached by the Chinese Goy of exchange would have been declared, deplore, that continued unrest is the erament to this urgent measure of re This is, air against the regulations order of the day in China. But, to form: and it is to be toped that the of the Bank, whose dividend is a quote from the speech of your pre- Joint deliberations of the Govora sterling one, and such a course would decessor. ment and the Groups will result in have entailed discrimination that could
likely to admit of immediate realit dividend at a comparatively
is
programme which,
Povolving P TEZZAS Dermally will hel
BO 'Soon, DE
carried into effect. There is no reform more urgent, none which would do hai ne rauch to consolidate her national erodit, to develo her Istent wealth and to ensure the happiness and security of ber people.
WE DONT LOODGE.
TT is shard to allow a cough to hang 1on and sap your vitality when Chamberlain's Cough Remedy will curs
DONATIONS TO WAKI you. You don't know where's persistent
CHARITIES,
oough will and you, Tou can't afford to Malloy your throat and langs to becoms Gendran, know you will spaced when it is such a simple thing prove of a donation we are bisking to step into a chemist's shop call get in
Beneath the waves of party stride
And die sondon lies the great ocean of national common sense which is the greatest asset of the Chinese people and I would like to milk and their power of application and as thos ways abside and are replaced by calmercurrents of public opinícia may look with confidence for that
ORTY YEARS
100 to the Hongkong War Chis bottle of Chaeberlain's Cough Remedy for the path
nd for the current your When the
Laco vod Wales Fun in the Colony was clowd at the end of 191the new
Yor wla by Chardists and
THE
on Page 3.
AREAS Bowls Yacest
Dishes Dessert Kniven: Tom
COUNCILA
THE BRITISH MILITARY: REPRESENTATIVE.
THE GRESSON STREET IPFAIR.
One of the
Who the
Grusson Etr
charged
Hongkong?
Cukene
(Fall Particulars from Catalogue, Orvis Friday, 8th March, Catalogs is obtained, from
faster; Kowlooni
HUGHES & HOUGE,
Chainz Dial Cake Dish, Electric Kettle Travelling Clock, Brass Finger Bowl Salad Bow, ste, otety
and including HANDSOME ENGLISH SILVER
TEL BERVIOR in Ca
LOSING WEIGHT BY THE POUND
"Under Welche c of lif-bealthy shows your v Ilave powers are
HIMROD'S