MILKMAID
EVAPORATED MILK
MILKMAD
PORATED
GOOD, COOKS
KNOW THAT
IT'S
THE BEST
THE
THE
China Mail
FUNNE
BLUE
LINE
REGULAR AND FAST FREIGHT (AND PASSENGER SERVICES;
LONDON SERVICE
* DARDANUS" 17th July Marseilles, London, Rotterdam Hamborg
REOTOR
29th July
Mareilles, London, Bollards & Gissgow "AUTOLYGEA" 10th Ang.
Marseillo, London, Botterdam & Humburg "ASPHALION" "24t3 Aug. Marseilles, Landon Rotterdam & Hamburg
*Cilla 1 Canablanca.
LIVERPOOL SERVICE
• YANGTSZE"" 2016 July Genoa, Havre, Liverpool & Glasgow. *BURYADES" 2016 Aug. Gebus, Havre, Liverpool. 4 Glasgow 20th Bapt. (enos, Hatre, Liverpool & Glasgow PACIFIC SERVICE.
ANTILOURES"
KOBE & YOKOHAMA *PHILOUTET ES ***
"TYNDARBUS"
18th July
7th Aug.
Victoria, Vancouver à Beatle Viatoria, Vaneouver & Beattle.
NEW YORK SERVICE.
"LAOMEDON"
*DOLIUS"
17th July 27th Aax,
NewYork, Boston
Baltimore. New York, Boston & Baltimore.
PASSENGER SERVICE
"HETOB"
HARPEDON
"FATHOOLUBTM
"ANTENDE
28th July
8th Sepi.
20th Oct. 17th Nov.
Singapore, Marseilles à London. Singapore, Martilles & London. Blogaporo, Marmetlles & London. Singapore, Marwell & London.
Also cargo stearoars with Umited pazenger socommodation as
speelally reduced farms.
Por freight and passge rates and information apply to:-
Butterfield & Swire.
Agenta
POST OFFICE NOTICE.
LIST OF SHIPS EXPECTED TO BE IN WIRELESS COMMUNICATION WITH HONGKONG TO-DAY. Tjisaroca, Corbis, Tamba Maru, Fulda, Taito Maru, Pembrokeshire, Cheribon Maru, Hanoi, Santhia, Songbo, Canada Maru, Van Overstraten, Hozan Maru, Hwahcheng Tilawa, Glenada, Nairnbank, Hiram, Taiping, Hosang, Pres. Taft, Kotsu Maru, Kinshan, Kwong tung, West Prospect, Talshan, Shirala
[
BLISHED
1845
HONGKONG, WEDNESDAY, JULY 14, 1926.
WAR DEBTS.
BRITISH TERMS FOR FRANCE.
Equity And Justice.'
COMPLETE CLEANING OF STATE.
"
Was
an-
SHIPPING DEAL
SALE TO HAMBURG-AMERIKĄ LINE.
U.S. INTERESTS.
New York, July 13, The steamers Rosolute, Reliance,
thu
and Cleveland have been sold to the Hamburg-Amerika Line, by United American Lines in exchange for a financial interest in the Ger man Company.
"On this basis the actual annuities. would be for the present year £4,000,000 and "thereafter £6,000,- 000, £8,000,000, and £70,000,- 000
412,500,000 until
in 1930. The reached nulties of £12,500,000, would con- tinue from 1930 to 1956, and. they would rise in the last 31 years to 214,000,000. Orgmally in August last he proposed that France should make an additional payment for Rugby, July 19.
1926 of 22.000.000. That year had Mr. Winston Churchill, Chancel now passed, and he had not sought lor of the Exchequer, announced in to alter the remaining steps of the the House of Commons this after- ladder briginally preponed, noon that a complete settlement, However, as the settlement com- covering not only the French Warprised a complete cleaning of the Debt but virtually all outstanding slate between Great Britain and accounts between Great Britain and France of outstanding accounts France, was signed yesterday after- Farising out of the war and out of ndon by M. Caillaux and himself, the post-war period, the sum of He said that the agreement in £2,000,000 already in London would Substance confirmed the partial be transferred to the Exchequer agreement reached last August making the payments this year 44,- with M, Caillaux-that was to say,000,000 and not 26,000,000. France that the war indebtedness of France would continue to owe outside the to Great Britain should be discharg- limits of this debt settlement a sum ed by 62 annulties of £12,500,000 of £50,500,000 as a non-interest-proposes to increase its capital by or its equivalent. There had re-bearing debt. We should continue mained several points outstanding, to credit: Franee with 458,500,000 sorpe of which were important. of gold equally as a non-interest- was upon the Assessment of these bearing debt, and the future adjust- that the previous partial agreement ment of the situation must be left depended.
to agreement between the two Governments.
Safeguarding Clause.
Of these points the principal was the so-called safeguarding clause. The French Government had sought to insert a clause which would make a continuance of the annuity to Great Britain dependent upon the reparations, obtained by France from Germany:
"His Majesty's Government felt that the annuities should rest upon the sole credit of France. The deadlock on this point had been
complete"since M. Callaux was here
last.
They Anally agreed that whilst there was no safeguard in the agreement itself letters should. be exchanged between representa
tives at the two. Governments mak-
Sinistres
sustained
At same time as these matters had been settled separate arrange, ments had been made with the French Government with regard to the so-called sinistrés-British sub- jects or business mien in France whose property had damage at the hands of the enemy or contending armies. The British Government had always maintained. that its subjects in France paying taxes should be entitled to the same compensation as was provided by French law for 'French nationale. The French Government had under- taken to treat these persons in the way that they treated their own nationals, and this country will ex tend reciprocal treatment to French nationals who suffered damage in this country.
........
The stockholders of the American. Ship and Commerce Corporalion, which is the holding Company for the United American Lines, meet on July 23 to ratify the deal-Reuter. H.A.L. Capital Increased.
Berlin, July 13. With the object of again acquir. ing the Reliance and Resolute (each of 20,000 tons) and the Cleveland (17,000 tons) from the Harriman concern the Hamburg-Amerika Line
11,000,000 marks.
marks to 75,000,000: The transfer will bring up the Hamburg-Amerika tonnage to over 600,000 groas, equivalent to 40 per cent. of the pre-war figure. "It is also proposed to authorise the Directors to issue new Bonds to the value of $6,000,000.
The Norddeutscher Lloyd is also increasing the capital by 11,000,000 to 65,000,000 marks-Reuter.
4 է
GREEK DICTATOR.
Athens, July 6.--General Panga- los, dictator-president of Greece, said in an interview to-day that the Greek Government never would enter into negotiations for the settlement of her debt of $15,000,000 to the United States until the American Government gave Greece the $82,000,000 re- maining out of a loan which the United States agreed to advance to Greece during the war."
ing it clear that in the event ofa complete or a very serious failure of
He said that Greece would ob- German payments, which we saw no
-tain a loan of $15,000,000 abroad. reason to apprehend, France would
"There- during the summer. be entitled to ask for a reconsidera- Best Practical Arrangement.
after," he said, "I intend to de- tion of the circumstances then pre In conclusion the Chancellor ex- vailing. We were, therefore, compressed the hope that a measure of mand, not merely request, that mitted to the principle of recon- general approval would not be the United States keep her pro- sideration in each an eventuality. withheld from this settlement of the mise and pay Greece the unpaid "It would, however, be open to us difficult and embarrassing question. balance of war-time credits. In to raise any counter arguments of war debts. The Government be- other words, if America refuses which might seem to arise upon, lieved that it embodied the best us the rest of the lean, we can- for instance, the simultaneous in practical arrangement likely to be not consider paying back the part fury which we might suffer from achieved, and that it was in har-we have already received.
"United Press,”” the failure of German reparationsmony with the traditional polley of during the continuance of our ob- this country in respect of Indebted- ness incurred by the Allies. in the also upon what would be fair among common cause.-British Wireless the nations who had been allied Service. during the war, having regard to
Ratification. the economic and financial circum-
London, July 13. stances in which either of them The Franco-British debt agree- might find themselves in that ment does not require ratification period. The point of reconsidera by the House of Commons but re- flon" was therefore conceded. It quires ratification by the French would be open to both sides to Parliament.-Reuter. argue the case on its merits, and the result of discussion was not prejudged. The letters should be studied in that sense in their actual text."
Dutiable articles forwarded by letter post to Great Britain are Itable to confiscation by the Customs. Such articles should be for-ligations to the United States and warded by parcel post only.
Wireless Service between Hongkong and Canton resumed.
REGISTRATION FEE FOR LOCAL LETTERS.
On and after July 1, 1926, the registration fee for Local Let-
ters will be 10 cents.
FROM
Amby
INWARD MAILS,
WEDNESDAY, JULY 14....
THURSDAY. JULY
15.
Fingobow Taiping
...Shirala
Alipore
Shanghai..
Australia and Manila.....u EUROPE is Negapatam (Letters only. London 17th
Jane)
JULY
Shanghai
FRIDAY. CURANTS
MADIA
Australia and Manila......
SATURDAY.
Тарва
16.
JULY
JULY
JULY
17.
18.
19.
SUNDAY, 0.8.A. Canada Japan & Fhanghal
MONDAY,
Pros. Taft
Mizhims' Maru
..Kashiwa Mara
Pros, Madison
EUROPE vis Nezapatam (Papers only London,
1th June)
Bo cla'u, Japan & Shanghai ...... Honolula, Japan and banghat : ......
Japan and Shanghai........................
Japan
TUEJDAY,
JULY
JULY
U.S.A..Bonolulu Japan & Shanghai.
Haiphong......
*********** THURSDAY.
OUTWARD MAILS.
་་ ་་་་་་་་་==ར
...Haimet Marn
Pres. Escriton Taiyo Maru Andre Leban „Aki Maru
Pres. Wilson
For
P
WADNEJDAY, JULY
14. Los aug, ** Banging ..........emerger & pati
JULY 14.
Thikarang
5 p.m.
.11′ 30 m‚m.“
Shanghai... ****** THURSDAY, Balphong momentum inirinnstu Batav.a Shanghai, Japan, Canada. U.B.A., C. &
8. America & EUROPE A VIO TORIA B.One Victoria B.C., 3rd Ang. Parcels Nocn, Regis tration 8.45 pm. Lettra 1.20 p.m.
FRIDAY. Straits and Calcutta (Parcels I! a.m.
Latters Noo
Phanghai... AMOT
Saigon
BATURDAY,
Japan M Btcalo, Ceylou, India, Maaritios, K. & 7. Afrios, Ador, Egypt, & RUR PE vis MARSEILLE, des Marseilles 16th Aug Registration 1143 pm. Letters 2013
gwatow, amoy and Foochow ohanghai, Japan, Honolul, Carada,
U.B.A C&B. &merica I, HAN FRANCISCO-due Fan Francisco 11th Aug. & Europe via B.borin Dostcardspecially Ce bore aupersoril od V.a Siberian (115). Paronia 3 pm Registration 15.
10.
Pres, Grant JULY
Tilawa
Fhintong 5 p.20 Biar gak usazaanga
JULY 17. lip rebat
€ 30 4. Mabima Marup 9.80 sm. Chip hing
10.50...
Kasbima Mars Haicion
Exchange Difficulties. The transfer clause provided for a delay within reasonable limits in making payments on account of any exchange difficulties, and it was. agreed to on the lines of the French debt settlement with the United States.
There was another clause provid- ing that, in the event of the British receipts from reparations exceeding at any time in the future what we should have paid, since the end of the war to the United States, the surplus should be divided between the various Allied debtors in re- duction of their future indebted ness. This was identical with "the provision in the Italian debt settle. ment.
A.
No Delivery of Bonds. We had also not asked for the delivery of bonds in a form suitable It was for sale on the markets. true that the United States had taken power in all their agreements to obtain such bonds, but the mar- ket operation of any auch bonds. would not in any case be easy, and, as we had not at any time contem-- plated such operations, he saw no reason to presis for power which
we did not intend to use.
Ascending Ladder.
There remained only the question
|
ولاته
Welcomed in Parla.
Paris, July 13, 2
The debt agreement has had a favourable reception by the news-
papers. The Intransigeant (Demo crat) especially welcomes the signature on account of the possible reactions in America.
La Liberte (Democrat) remarks" that the British are not loth to give their American cousina a lesson in refraining from pitilessness.
Le Temps (Republican)" rejoices at securing guarantees against many unpleasant surprises in the future.--Reuter,
France Improve":
London, July 13. The franes improved · following the debt settlement. The French closed at 1894 and the Belgian at 215-Reuter.
BELGIAN FINANCE.
THOROUGH GOING PLAN OF REFORMS.
STABILISING THE FRANC;
Brussels, July 12,
A thorough-going plan of re- forms has been evolved by the Gov ernment in view of the anxious financial situation. It aims at stabilising the franc well below
200, prohibiting the export of of a moratorium, or what was call capital for foodstuffs, and restrict en the ladder of ascending paying the consumption of luxurioue mnts, by which a total of £12,500,000 commodities.
a your was to be resched.
The A Bill, has been tabled in the
scale had been agreed upon for the Chamber conferring extraor years up to and including 1930 dinary powerd on the King which was identical with what he for six months to take opportune proposed to M. Caillaux in August steps to Arrest inflation, secure re- last. The sume reduced from those patriation of capital, regulate the warlier years would be transferred: Bale of sequestrated ex-enemy pro- to be repaid at a lower rate in-perty, and check the spread of re terest in the later years on the porte Getrimental to the credit of
NOTICES.
HONGKONG AND SHANGHAI BANKING CORPORATION,
TT IS HEREBY NOTIFIED that
an INTERIM DIVIDEND of £3. per share, subject to deduction of Income Tax, has been declared for the HALF YEAR ending, 80th June, 1926, at rate of 2/2 7/8 per dollar.
The dividend will be payable on and after MONDAY the 9th August,
MILKMAID
EVAPORATED MILK
GIVES. THAT TASTY FLAVOUR
TO
ICE CREAM
MILKMA
-TO-DAY at 2.30, 5.15, 7.15 & 9.15-
YOUR LAST CHANCE
of seeing
in
HAROLD LLOYD
THE FRESHMAN
at
THE QUEEN'S
TO-DAY ONLY
LAURETTE TAYLOR
in
ONE NIGHT IN ROME
THE STAR
STARTING TO-DAY
CHARLIE
in
CHAPLIN
THE GOLD RUSH
THE WORLD
BUSINESS DIRECTORY
1926, at the Offices of the Corpora Bookbinders. tion, where Shareholders are re- quested to apply for Warrants.
The REGISTER OF SHARES of the. Corporation will be CLOSED from MONDAY, the 28th July to SATURDAY, the 7th August, 1926, (both days inclusive) during which period no transfer of shares can ba registered.
By Order of the Court of Directors,
A H. BARLOW,
Chief Manager, Hongkong, 18th July, 1926.
THE HONGKONG LAND INVEST- MENT & AGENCY CO, LTD.
AN
AN INTERIM DIVIDEND of TWO DOLLARS per share for the six months ending 30th
"THE CHINA MAIL" Book
binders.
No. 5, Wyndham Street.
Dentist.
HARRY FONG, Dentist,
1st floor, No. 74, Queen's Road Central Tel, Central No. 1255.
Engineers & Shipbuilders W. 8. BAILEY & CO., LTD., Engineers and Shipbuilders
Kowloon Bay. New Work & Repairs.
Call Flag "L"
Sole Agents for Kelvin Motock.
June, 1926, will be payable on Hair Dressers THURSDAY, August 5th on
Booksellers.
which date Dividend Warrants may be obtained on application at LEE YEE, the Company's Office, 11 Queen's Road Central.
The TRANSFER BOOKS of the Company will be CLOSED: from FRIDAY, the 23rd July to WEDNESDAY, the 4th August (both days inclusive), during which peried no transfer of stares
* can be registered, a ded
By Order of the Board of Directors.
HA. RODGERS,
Acting Secretary. Hongkong, 14th July, 1925,-
Printed and published for the concerned by GEORGE WILLIAM CADR BURNETT, Managing Editor, at 5, Wyndham Street, Hongkong
Hair Dressers
&
and Booksellers No. 12, D'Agullar Street, (opposite Queen's Theatre).
Land & Estate Agents. PUN YICK CHO, Land & Estate
Agenta.
Tel Central 911-1987. 85. Queen's Bond Central
Modistes. MADAME" FLINT,
Fedder Building. Tel Cantral 689,
latest, Parisian model
Optician.
N. Lazarus.
European Hongkong's ONLY
Optician. Modern sight testing. equipment, prompt repair ser- vice. We duplicate any lean. Manager R. A. Cooper, Qualified Sight Testing Optician by Canadian Government Exam 12, Queen's Road Central.
THE HONGKONG OPTICAL CO..
Phone 2282 68, Queen's Road Central Photographers.
MEE CHEUNG, Photographer.
28, Ice House Street, Beaconsfield Arcade Branch, Developing & Printing under
.*"* taken.
Printers.
“THE CHINA MAIL," General
Printers.
Publishers and Bookbinders. 3. Wyndham Street, Tal. C. 22.
Ship Chandlers,
E. HING & CO.,
25, Wing Woo St. Tel C. 1116, Metal Merchants and Ship
Chandlers.
Managing Director--Mr. H. 8.
CHIN.
WOND
Si