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THE HONGKONG DAILY PRESS, TUESDAY, JANUARY 24TH, 1911.
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CONSUMPTION
SIR ERNEST CASSEL'S RETIRE NAPIER JOHNSTONES'
MENT FROM BUSINESS.
BRILLIANT FINANCIAL CAREER.
The brief sanoindenieut made to the affect that at the end of 1910 8ir Ernest Cassel would retire from native business aroused. universal interest, for his career is a financial romance such as never fails to appeal to large numbers fascinated by stories of these who have amassed great wealth Let it be stated at once, Sir Ernest is one of the most distinguished financiers of the day, and his operations have been of a nature not only to bring wealth to himself, but to produce far-reaching effects in many import nat communities. Though he is a prominent figure in Egytian affairs, it is not for his activity in that direction that he is principally known'; it is for the high-minded philanthropic activity with has aroused the admiration of most classes of the populace.
Born at Cologne in 1852, fo was educated in his native town, whero lie passed through that class of the Realschule which outitled him to serve but one year in the army instead of three. He came to Engiand, however, at the age of 16, and secured a situation in Liverpool at 158 per week. For three years he remained there, acquiring much of that commercial ox perience and scumen which stood him in such goed stead later. He reached London in 1871, and early became associated with the firm of Tischoffsheim and Goldsmid. It was not long before he started on his own account, and he was fortunate in doing this at a time when there was a revival of prosperity in the United
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States. He crossed the Atlantic frequently, LANE, CRAWFORD & CO.
and soon acquired an interest in many of tho railway companies in America. It was to Mexico that his chief attention was directed, for hero ho recognised much soopa for profitable invest ment. He studied local conditions carefully and succeeded in saising the necessary capital for railway construction, notably in connection with the Mexican Central line. From railway finance to State loans was but a short stop. He. was freely consulted by the authorities, and negotiated in turn the leans of 1888, 1889, and 1863, all of which have long since bo u repaid or exchanged by conversion.
WORLD-WIDE OPERATIONS.
Directing his attention next to Bwoden, he acquired large interosta in the Swedish Central and Oxel suud Railways, as well as in mines and estates in important districts, aubsequently purobasing the Royal Swedish Railway, in order to have completo control of the lines from the mining districts to the -coast. All three railways and mining concerns were later combined into one hues undertaking; which became one of the most successful in Sweden. Having brought his gigantic scheme to a successful irene, Sir Ernest disposed of the greater part of this property to Swedish in vestre, who thus rightly assumed control, China, Uruguay, and Asia Minor next attracted h's energies, the first two in connection with State loans, and the third with railway cop. straction. But he was by no means aumindfai of the scope for British industrial enterprise, and for many years he was identified with many important undertakinge. The Maxim-Norden. felt Company caused him much soncern, but after a long period of depression the corner was turned, and finally it was acquired by the Vickers Company, of Sheffield, wherein Bir Ernest was also interested, at a price very advantageons to the Maxim shareholders.
So far as London is concerned, he will prob. ably be best membered by his association with the Central London Railway, the Twopanny Tube as it was at first familiarly known. He readily recognised the advantages to be dorived from so rapid a means of communication from East to West as the undertaking seemed to furnish, and came forth at once with his support of the scheme, The euccess which has attended the venture and the rapidity with which other railways similar in kind have sprung up have justified his faith in a scheme which was, at the time, consided so novel. But it is for his con- nection with Egyptian matters that Sir Ernest Cassel will to best remembered. Through bin were the negotiations carried through for inan. oing the Nile Irrigation Works, including the building of the Assonan Dam and inasmuch as the Nile is vital to Egypt, the pros: perity which it has of late years enjoyed may Le, in a sense, attributed to him. Royal recogni tion of his services in this direction scoured for kim bis G.C.M.G.
WORK IN EGYPT.
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MARTIN'S
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DIRECTORY
AND
CHRONICLE 1911.
FOR
China, Japan, Corea, Indo- China Siam, Straits Settle-
ments, Malay
Malay States,
Netherlands India,
Philippines, Borneo, etc.
consumption, orked universal expressions of Information for inclusion in the 1911 Directory should be forwarded
admiration, and the decoration bestowed upon him by King Edward at the inauguration of the Consumption Baustorinm at Midhurst was a token of the reard in which he was held by his Sovereign. In an effort to mitigate the erils of ophthalmin, the plague of modern Egypt, Sir Ernest established a ten- volling hospital, which mores from place to place, fringing relief to hundreds of natives daily. His reoost action in establishing a fund of £200,- 000 for the relief of English and German anly- jests, as a memorial to the lato King, is but an. other proof that all bis ideas are conceived on the same magnificent scale which has probably been responsible for his success in life
Sir Ernest Cassel is a widower, his wife-the daughter of Mr. R. T. Maxvoll - having died in 1881, three years after her marriago. He has residences at Dalby Hall, Melton Mowbray, and 48, Grosvenor-square, and has achieved to in significant part on the Turf-Daily Telegraph.
JAPAN'S NEW DUTIES.
The following letter from Sir Edward H. Holden, an ex-Radioal M F., is published in the London and Provincial papers
SIR,Considerable anxiety has arisen in the industrial centres of this country in consequence of the large increase of import duties which Japan proposes to lory on our exports of goods to that country. These increased duties are:
On army cloths (all wool) On coatings (all wool)
Per Cent. From 300 to 434 From 87 to 300 F66
On Meltons (part worsted yarn) On Meltons (part cotton yarn) From 380 to 500 On Army cloths (cotton & wool) From 222 to 524 On serke
B
576 Of twenty-seven items, in four cases the ingreased duty is less than 100 per cent, in three cases it is 100 per boat or more, in dine cases 200 per cent, or more, in seven cases 300 por cout. or more, in one cam 400 per cont., in two cases over 500 per cent, and in one case over 600 per cent.
This anxiety has been increased by the re- marks of Cotat Komura Japan's Foreign Minister-to the effect that there is no room for a conventional tariff with Great Britain, because that country has nothing to offer in retura". In other words-pat a duty on Japan's imports into this country and then I will ask you to take them off again, and to induce you to do so, I will not treat you so harshly in the duties I impose on your imports into Japaz.
Japan is sending to this coutry Mr. Yabe, au. expert in the Finance Department, with Mr. Misumachi, the Guancial agent in Europe for the Japanese Government. These two gentle. men are commissioned to study the Customs polioy in Great Britain, and of the same time to furnish explanations to dissipate the objec tions to the uer Castoms tariff
For some time the Egyptian Government had been anricus to carry ont irrigation works upon which the safety of the orops depended. A good year for the Nile moant a good year for drought and the crops. A low Nile resalted mach consequent destitution, for apen the success of the creps the welfare of the entire populace dopended. Loans for Irrigation par poses were almost impossible, for by a peculiar anomaly, no such loans could be floated with out the permission of Turkey. The relations betwen England and France were not as car diel as they are in these days, and national jealousies were responsible for a policy of im- potence, from which the entire country suf- fered. It was at this time that the services of Bir Ernest Carsel were rogaieitioned by the Egyptian Government, and, as a result of the negotiations between them, negotiations as secret as expeditions, an agreement was arrived at for the construction of the Assonan Dam. Messre. John Aird & Co. were on trosted with the work, and not until all arrange. ments bad been definitely concluded did the world learn of what had taken place. The story 179 of that gra t andertsking is now well known, One thousad five hundred pounds a day was spent in wages on a potrion of the Assiout Dom alone, whilst much more was expended per day in the construction of the Assonan Dam.
Other enterprises followed on each other with great rapidity, to the benet of the country, the
From the love there seems little prospect of people, and those investors who saw in the schemes profitable outletsfor epers capital. The the claims of this country being successful. This National Bank of Egypt was established, the ie not a politicst question; it is a question of purchase of the Dvira Estates from the loyalty loyalty to our industries by our in- Egyptian Government was effected, and the vestors. If our industries suffer, the whole coun agricultural Bank of Egypt was formed. The try suffer, and our investors themselves suffer. Count Komara is mistaken when he says there Inst-named has probably proved one of the most beneficent organisations in Egypt, for it has is no room for a convention with Great Britain been the means of protecting the poor and an. Our investors have opened their pockets for educated agriculturists from the usury of us Japan in the past. Japon's greatness is largely sorapalous moneylenders. The conversion of the due to the generosity of the moneyed classes in Plain of Komombe into a new and fertile pro- this country. vince, fashioned out of a grid desert by means
AS SUPPLIED TO THE HOUSE OF LORDS AND HOUSE OF COMMONS
THORNE'S
OLD VAT
The Japanese Government introduced the new Tariff Bill with Imperial sanction; it was pass od by the Diet and was duly published as a law, again with Imperial sanction. If, then, any concession is to be made to the British manufac turers and merchants, it can only be done by s Tariff Amending 3ill Mr. Yabe, the coming expert, is reported to have said, "The report that the Government will introduce a Customs Tariff Amendment Bill to the Dist in the com-
session is absolutely unfounded."
From first to last they have found for her of irrigation works, is another of the financier's fifty to eighty millions sterling. There loans achievements, for by mesos of the enormous are now to be our undoing. We have supplied pumps, each with the opacity of lifting three them with capital to establish themselves on asure tons of water per second, astural disadvantages basis, and now our exports are to be made a most have been successfully combated in such manner impossible. It may be true that Sir Edweed as to justify the belief that in time a grest Grey has no room for a convention, but the agricultural area will be created providing moneyed ninaies of this country have room. sustenance for large numbers of natives,
Japan is coming again in a few days for a new foun of six millions sterling. Let our in. PHILANTEBOFIO ACTIVITYANA Sir Ernest Cassel has long been known as Testere be loyal to oar industries, let our banks quiet, unostentatious philanthropist. To what be loyal to the commerce and industries out of figure his private benefactions randia is quite which they are their proffs, and show Jepan unknown, for though now and again, the patio that if they want our assistance they must be
SCOTCH WHISKY. learn of some partienlorly muniscaal gift, as a just to our mataacturers, and traders, or bat
HONG KONG, CHINA & MANILLA
A. S.WATSON & CO,LTD.
rale be gives secretly, mostly through some pockets will be closed against them.
My jugitortion for writing this letter is woll-known friend. Moreover, he is at real pains to preserve anonymity, for he gives his that, sa banker, I am largely interested in the cheque to his friend, and insists tut payment industries of Lancashire and Yorkshire, which to the charity be made by such friend's own will be surected so severely by this tarif —I am, cheque. His magnificent gift to his late sir, your obedient servent,
London, Dec. 30. Majesty with which to combat the ravages of
1
EDWARD H. HOLDEY.
at once to the "HONGKONG DAILY PRESS" Office.
of
FLAN OF TSINGTAT (Kiaochau) PLAN
SHANGHAI or FOREIGN CONCESION, PLAN OF HONGKET (SHANGHAI) with Inset
Allowing the EXTENDED SETTLEMENT LARGE PLAN OF THE CITY OF VICTORIA FLAN OF KOWLOON
PLAN OF MANILA
The DIRECTORY envers the whole of the parts and citire of the Far East, from Nether: lands Ind in to Siberis, in which Europetrs reside. Not only is the Directory as full and complete in esch case as it in be made, but each Colony, Port, or. Settlement is prefaced by a DESCRIP PLAN OF NEW TERRITORY (KOWLOON)
carefully revised each year, most which will serve as accurate Guines FOR THE Towurst, giving every detail in conson with the
places
their History, Topography, e, e. in these Description, con- sisting of a 4 AN with facts concisely sat out, and containing statistics of the TRADE of each Country and Port,
would stone suffice to fill a farge volume. Royal Octavo Complete with Fifteen Maps, and Plans, pp. 1,882, $10.00. Directory only pp.1,200, $8.00.
The landred interesting articles, packed 1
Peking
Tientsin Feitaiko Chinwangtao Toka
The Directories and Descriptions are of
CHINA Soochow Canton Chinking Whampoa Nanking Kowloon Wahu Lappa Kewkiang Samshi Hankow Kongmoon Manchurian Yochow Nanning
Trade Centres Shasi Newchwang
Antang
Tsiren
Port Arthur Chefoo
Weihaiwej Kinochnu Teinsnfu
Wachowfa Ichang
Kwangohauran Chungking Pakho Hangchow Heibov Ningpo
*Langchow
WAnchow Méngtsu
Santu
Hokow
Foochow
Siemac
Amoy
Swatow
JAPAN AND FORMOSA
Tainarfu Narasald Takow
Makdon Shanghai
Tokyo
Yokohama
Osaka Moji
Hyogo Kobe Phimonoseki
Hakodate
Anping
Tamni
Vladivostock
Nicojewsk
CROSBY Woneen Mokpo
Fusan
Googl
Chemulpo Kungan
EASTERN SIBERIA
Plugyang
Chinnompo Songchin HONGKONG AND ITS DEPENDENCIES: MACAO FRENCH INDO-CHINA:
Ancam
Нако
Hre Haiphong Tontin Provinces Quinhon PHILIPPINES
Iloilo
Manila
Sarawak
BORNEO
Terrane Saigon Cambodge
Cǝbu
Labuan British N. Borneo
BANGKOK STRAITS BETTLEMENTS
Singap re, Penang, Malacca, Prov, Wellesley
MALAY STATES
Pahore Jahang
Sungai Ujong Behagor Jelebu
Perak NETHERLANDS INDIA
Batavia.. Buitenzorg
Samarung
Sourabaia
-Pedang
Масаваат
East Coset of Sumatra NAVAL EQUADRONS
Garman Japanese
Siamese
Austrian British French
United States Italian OFFICERS OF COAST AND RIVER STEAMER The Book in printed from New Type specially reserved for the orpse, and uniformity in every arrangement greatly facilitates referend
A feature in the 1011 Edition are the CLAFSIFIED LISTS of TRADES and PROFESSIONS at the larger Commercial. Gentres.
The ALTHABETICAL LIST of RESIDENTS contains the names of over
20,000 FOREIGNERS, arthalle arranged, with the Initials as well as the Samanice in strictly Alphabetical Order,
o at any time can be found instantly.
THE MAPS AND PLANS
Imre teen engraved by one of the most eminent Firm's in Great Feltain and are corrected and Frengt t up to date. They consist this year of the following
COLOURED PLATE OF FLAGS OF FOREIGN HORS MAP OF THE FAR EAST FEAR OF YOKOHAMA
TAK OF KORT AND ITrogo
A FORLIGE SETTLEMENTS, TIENTSIŃ
PLAN OF BAIGON PLAN OF SINGAPORD PLAN OF BATAVIA
The CHRONICLE covers the notable oventa of the last half century in the Far East together with the Texts of all the most important Treaties concluded with the countries of Eastern Asia, the various Castems Tarifs, Trade Regulations, Chambers of Commerce, Scales of Commissions, Consular and Court fees, Hongkong Stamp Datles, Postal Guide, Signal Codes, Chinese Festivals, Tables of Money, Weights and Menares, and other Commercial Information including
Con
TREATIES WITH CHINA
1842; Great Britain-Nanking,
Tientsin, 1855; Tariff Agreement and Rules, 1859 Convention, 1860, Rules for Joint Investige tion of Customs Seizures 1860; Cheloo, 1876,
with Additional Article; Opium vention, 1886; Chungking Convention, 1881 Tibat Sikkim Contestion, 1890; Burmah Convention, 1897; Kowloon Extension, 1898; Weihaine, 1898; Convention, Commercial, Shanghai, 1902 Emigration Convention, 1901 France-Tientsin, 1858; Convention, 1860₫ Tientsin, 1885; Conventions, 1886, 1887 and 1805; Frontier Trade Regulations,"
States:-Tientsin, 1858; Additio
Teking, 1880; Immigration, 184; Teking 1880; Kinola Convention, 1898; Railway and
Concession, 1898.
1903.
1861:
seki, 1895;
1898;
Liastung Con- 1805; Commercial, 1808; New Fort Supplementary Commercial, 1903. Russian-St. Petersburg, 1851; Russian Land
Trade, Portugal, 1898; Commercial Treaty, 1904, FINAL PROTOCOr. made between China and
Eleven Fowerá, 1901.
1881
TERATIES WITH JAPAN Great Britain, 1801; Dutie Convention, 1893; Busala, Agreements as to Core; Erited Suites, Extradition Treaty, 1888; Great Britain (Alliance) 1805; Russia (Peace Trexly) 1905.
TREATIES WITH COREA Japan, 1978; Japan Supplementary, 1876; Japan, 1904 and 1905. United States, 1889 Great Britain, 1805.
TREATIES WITH BAN
Great Pritain, 1856, 189 and 1909, France;
1898 and 190; Japan, 1893; Kamin, 1890. Great Britain and France, Siamese Frontier. Great Britain and Bussia, Bailway Convention
1899,
CUSTOMS TARIFFS TRADE REGULATIONS
China, Japan, Siam, Corea.
LEGAL DOCUMENTS
Orders in Council for Government of H.B_M,%. Subjects in China and Coroa, and in Slam. Bales of H.B.M' Supremo and other Courts. in China, &c.; Tables of Court and Consular
Charter of the
of Hong
kong alay States 20 Agreensunt ; ·
all
Table of Hongkong Court Fees; Admir Rules; Foreign Jurisdiction Act; Regu tations for the ormular Courts of United States; United States Corisalar and
Rules of Court of Compuls of
Prasenger Act; Hongkong Trade Marks, and Letters Petent Fees; Fort Regulations for China; Harbour Regulations.
for Japan.
The CHRONICLE and DIRECTORY, al- though condensed in every posible manner, con tains every year more pages.
It
was years ng universally pronounced to fe the cheapest work of the kid anywhere published, and although very much enlarged and improved in every way, the price to silver is now below the equivalent of £1 56, at which It was originally published.
It is published at the Office of the Hongkong Daily Press, and can be bad from; and Adver
tests went through the principal Book. Pellons in Anulend thường LONDON Hongkong Daily Press on
131, Fleet Street, E.C. LONDOM, F. Alger, 11. Clemente, LE LONDON...Masr, G. Street & Co, Ta
84, Corehill, C