INTIMATION
S. WATSON & CO., LTD.,
ESTABLISHED A.D. 1841
THE HONGKONG DAILY PRESS, WEDNESDAY, APRIL 2ND, 1918.
Salt Tax in President Winsoy's statement BB a “quixotic, touch," adding that the PRESIDENT is labouring under an “obvious misapprehension as to the nature of the security, which, though antiquated, is the best that China can offer at the
moment." Quito so; and it will be time onough to talk of the dissolution of the international group when we learn definitely what other sucurity will be offered to the new American syndicate and whether it moets with their approval. The
Profesor A H. Sayce, of Oxford TELEGRAMS. TELEGRAMS. TELEGRAMS.
University, who is on a tour, arrived in Shanghai last week, and was entertained st a reception by the Council of the Toent. branch of the Royal Asiatic Society.
Mr. George Lewis, Secretary and
Steward of the Singapore Club, died with tragic suddennese last week. Mr. Low who was as years of age, had hemm in indifferent talth for some little time.
What is described as the first action for breach of promiss of marriage over
Tokyo District Court. A lady 43 years of age is suing a doctor for 15,000 yan damages.
WINE & SPIRIT MERCHANTS. Government will continue its new loan policy" does not seem very antisfactory security for a large loan to a huntry which the investing public of America can know Wu Ching-lien, President of the
SCOTCH
WHISKY.
Per Case Pur of 1 Dea. Bet.
A-THORNE'S BLEND....817.90 81.50 B.-WATSON'S GLENORCHY,
Choice Mollow Blond...........
18.25 1.55 C.-WATSON'S ABERLOUR- GLENLIVET (Feat Whisky) THORNES ÖLD VAT, No. 4. as supplied to the House of Commons
E-WATSON'S VERY OLD
LIQUEUR SCOTCH WHISKY
"KILTY" LIQUEUR WHISKY, Great Age, Very Fine V.R.O. WHISKY... THORNE'S OLD HIGHLAND
MALT WATSON'S OLD BLENDED
GLENLIVER
19.50 1.65
21.00 1.00
Advisory Council a member of the Premier, a member of the Kuo-Ming-tang, Kung-ho-tang, and Tang Shao-yl, the ex-
are mentioned by the Peking officials aa candidates for the Premiership.
[THROUGH REUTER'S ACEROY.]
THE BALKAN WAR.
POWERS PEACE PROPOSALS... The Powers have presented a collectiva
Note to Turkey detailing their peace pro-
posals.
PROBABLE DEMONSTRATION BY
POWERS.
{THROUGH REUTER'S AGENCY.] BRITISH NAVAL ESTIMATES.
LONDON, April 1st. The House of Commons on Monday resumed the debato on the Naval Estimates.
Mr. Churchill said that if the naval holiday which he suggested in his speech
(THROUGH REUTER'S ACENOY.]
THE CHINA LOAN.-
AN AMERICAN OFFER.
LONDON, April 1st. A wire from Washington states that a representative of the banking firm of Halling & Company informed President - Woodrow Wilson that an American syn-
a short term loan of $10,000,000 and to
term loan
negotiates later a longer of $100,000,000 or more. They only asked for an assurance that the United States would continue the new loan policy.
1t
is stated that the President has ex- press himself gratified that American capital was obtainable to help China.
simple assurance that the United States brought in Japan is now occupying the Beuter learns that the Ambassadors mer last week were accepted by the Powers dicate was ready to furnish China with
on Monday and adjourned until Wednes the resulting balance would be detri day. All the Powers approved of a naval mental to Britain. It would be possible 1913 four of demonstration being made, but all of them if necessary to commence in 1913. may not participate. No reply bas been the five copital ships in addition to the received from Montenegro regarding the annual five and the Malaga, making a essation of the bombardment of Skutari. total of ten. Eleven could be completed in from twenty-four to thirty months. There would be no difficulty in manning the ships nor about the money. It would be unrecessary to borrow or impose fresh taxation as the inoney paid to the reduc tion of the National Debt in the past three years far exceeded anything that
He hoped it would be required. would be understood Eve-liero was
the accelera no difficulty either in tion of our own ships it
extremely little about, for that policy reams to be purely negative. It means that the leaders of money must rely entirely upon the good faith and honesty of the Chiposo Government, and it definitely deprives them of any hope that the American Government will intervene to protect the interests of bondholders, in any effective manner, in the event of default by China in fulfilling the conditions as to the payment of interest and instalments of principal. It is difficult to see what prospect there is of such a loan going through unless the new syndicate is prepared to accept the security offered by China to the Sextuple Group without the safeguards which the Consortium (includ
The death is announeed of Mr. Otto Anz,
for many years a much respected resident of Chefoo, and the founder of the firm which still bears his name, Messrs. Anz & Co., which was established by him in 1886. Mr. Ana, who died in Germany, was
3 years old.
The Banque Sino-Belge is about to increase its capital from f.15,000,000 to f. 30,000,000. It is also the intention to
KINGLY THANKS. King Ferdinand has telegraphed to King Peter thanking him warmly for the brotherly aid of the Servian Army in the capture of Adrianople.
THE PRINCE OF WALES.
LONDON, April 1st. A message from Friedrichshafen states that the Prince of Wales is visiting Count Zeppelin. His Royal Highness intended making a trip in the new Zeppelin, but
Acces-
22.50 1.90ing the original American syndicate) con-alter the title of the bank, since its the weather turned squally and the idea sary or in placing the contracts for
OTHER WELL-KNOWN BRANDS SUPPLIED TO
OBDEL,
the
30.00 3.25 sidered to be absolutely essential. Can we operations have been greatly widened cf | was therefore abandoned, He watched 22.00 1.85 imagine any combination / of financial
Inte by the opening of offices in London, Count Zeppelin make a number of ovoln 23.50 200 magustes, in any country of the world, Egypt, and elsewhere. Furthermore, it
200 being a magnificently philanthropic has ben arranged that it shall become tious in the neighbourhood of the shed. 23.50 2.00 as to lead such a huge sum of money to a affiliated with the Societe General de Afterwards the Prince inspected
Country such as China, whose administra. Belgique, which is one of the strongest workshops and also the Manzell hydro tion is so chaotic and whose future is banking institutions in Belgium, as, with aeroplane works. uurertain, simply on the good faith of aa paid-up share capital of £22,804,000, it "Our Celebrated E very old Government which has yet to prove that its han reserves exceeding 1.65,000,000, Liqueur Scotch Whisky is a authority over the country is effective ? It blend of the best Pot Distilled is plainly apparent that President WILSON's Scotch Whiskies. It is of pronouncement, with its "quizotic touches," was made without adequate knowledge of great age, very fine, and
the existing eirenmstances in China, and mellow. Its superior quality the same romark would appear to apply to has established its reputation the now financial syndicate, who have as THE LEADING SCOTCH announced their readiness to lend China WHISKY IN THE EAST.
Dr. Sun Yat-sen returned to Shanghai last week from Japan and was cordially welcomed by the Chinese population. Dr. Sun Yat-sen has requested Reuter's Agency to deny that he made the state ment attributed to him in their telegram from Tokio of March 18, saying that,
stalement to the Press at Moji, Dr.
:62
Sun said he was determined to finance
THE DEAD FIELD-MARSHAL
VISCOUNT WOLSELEY'S IMPRESSSIVE
FUNERAL
LONDON, April 1st The funeral of Tield-Marshal Viscount Wolseley took place on
on Monday in a denso yellow for which hung over the city like the gloom of night. The military pro
twonty-fivo millions sterling on receiving Chinese railways by means of domestic cession from the War Office to
from the American executive an assurance
that their now loan policy-on absolutely negative policy will be maintained. Surely, A.S. WATSON & CO. in the circumstances, nothing more quurele
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The Daily Press.
HONGHONG, APRIL 2ND, 1913.
can be found in the annals of high finance. If the Chinese Government ralios in simple faith on these professions of exalted benevolence we are persuaded that it will be so much the worse for China. Their hollowness is apparent to everyone who has studied the situation, and since they can only serve to delay still longer the day when foreign capital will be available for China, it seems to us that the
loans only, and advocated the reclamation
of rights for railway construction, and control which had been granted to
foreigners in various treaties,"
St.
Paul's Cathedral passed through troop-
lined streets in which stood vast crowds of spectators. The huge congregation
which bad assembled in the Cathedral Was most representative.. H.R.R. the Duke of Connaught represented His Majesty the King, and General Frobyn represented Queen Alexandra, while the Dock of Teck and other members of the Royal Family were present Seely, Under-Secretary of State for War, other Cabinet Ministers, members of the Houses of Parliament, diplomats, and
Colonel
THE POPE AND SOUTH MANCHURIA,
LONDON, April 1st. The Pope has received Monsignor Choniet, the Vicar Apostolic of South Manchuria.
THE ENGLISH TURF.
LINCOLNSHIRE HANDICAP.
LONDON, April 1st.
Betting is as follows: 10 to 1 against The first and Long Set, Beaurepaire, and Uncle Pat;
the three Canadian ships now being discusax by Canada.
by their ships resting in winter to 6 against Berrilldon, Lavolt, White second ficcts could be further strengthened 100 to 7 against Cuthbert and Junior; 100
This was to suit the convenience of Mustapha instead of refitting at various periods. Star and Lesto; and 25 to 1 against
the Dockyards. Ho emphatically con- The probable starters and jockeys are: tradicted the statement of Lord Charles Lông Bet, Higgs; Eton Boy, Saxby Beresford that the fleet was 20,000 men | Mustapha, Clark; Cigar Whalley; short. To put an end to such rumours he Wrack, Walter Griggs; Grammont, was prepared to let two members of the Donoghue; White Star, W. Huxley; Front Opposition Bench nominated by Beaurepaire Foy, Junior, G. Bullock; Lord Beresford go into all details, and Berrilldon, Robbins; Uncle Pat, F, Bul- the figures would be given to the House. lock; Lavolt, Borbert; Ask Papa, Having regard to the responsibilities of Cooper; Mordred, Smythe; Sobieski, R. the British Empire in the Mediteranean Stokes; Le Touquet, Longhurst; : Dun- and the Pacific, is was clear that the holme, Ringstead; Talane Hill, Beasley; margin of strength available for the whole Cathbert, Buckley, Mr. Porper, Metcalfe;
bt world service of the British Empire would Losto, E. Huxley Saucy Vixon, Barber.
4.
not be sufficient after the first quarter 1910 unless further steps were taken by the THE RANDMANN COMPANY. Dominions or ourselves, and if now
The Bandmann Company scored an developments in the Pacific or the other success last night when they: Mediterranean occurred or the Canadian ships miscarried it would be necessary to review the situation. We could build arce ships ourselves, but the fact of Canada coming forward to testify to the enduring life of the British Empire had
UNLAWFUL ENTERPRISE: Another instance of the ingenuity of the Chinese was related before Mr. Melbourne yesterday at the Magistracy when a man was found guilty of obtaining money by false pretences and also of having die obeyed a banishment order. His method was very clever. He had obtained a book American Government is incurring a heavy which is in use on the Kowloon-Canton the most prominent representatives of the already produced an impression through-
scheine proved thoroughly successful he would have netted $900, but the police finding people cutting the trees made inquiries with the result that the fraud was exposed. For the false pretence defendant was sentenced to 14 days' imprisonment and for returning from banishment six months' imprisonment.
DEATH OF MR. PIERPONT MORGAN,
responsibility towards Cbins by practicaly encouraging her to believe that she can get Railway, and representing himself as a Army and Navy attended. The beautiful forestry officer issued false permits to service in the Cathedral was concluded the money she needs on her own terms.people to cut down pine trees belonging by the singing of the hymn "Nearer my China is certain to discover that this is a to the Guvernment for a length of ten God to Tace," followed by the Dead delusion, and that in the end the money miles on the Taipo Road. Had the will be forthcoming-whatever the source
Murch in Saul. Then the buglers round- only upon conditions not differing in any
ed the Last Post, and the artillery salute material respect from those formulated by
was fired from St. James' Park. the Consortium. A careful study of the outlook
to can lead
no other conclusion than that loans made without such safeguards are certain, in the long run, to prove fatal to the integrity of China while we are convinced that a loan with the safeguards demanded by the international group would lead to increasing stability, and to such great and perament reforms in China's internal administration as would set her firmly on the path of progress and win her a more exalted position among the nations of the world than she now enjoys.
ACCIDENT AT PEAK TRAMWAY STATION.
LONDON, April 1st. A message from Roms reports the death of Mr. John Pierpont Morgan.
Mr. Pierpont Morgan's death was the result of a nervous breakdown. His mind and digestion were affected on Easter Sunday, and this ended in delirium. He was unable to eat since Friday.
The Italian papers point out that he was the richest man in the world, but he died practically of starvation.
out the world more valuable than Dread- noughts.
repeated to a crowded house “The Pink Lady," & picee whose fun and autour kept everybody in the best of temper throughout the evening. The topical song - by Mr. Frith was the hit of the night. Not only did he refer to the fact that his grandmama did not know that
"Kowloon was the capital of France,"
had to pay three-fifty to see the Band- but that she did not know that you
nann Show,"
PRINCE. KUNG'S ART COLLECTION THE MURDER OF SUNG CHIAOJEN,-
SOLD IN LONDON.
Opinion prevails in Peking official circles that the murder of Sung Chias-jen- Messrs. Christie on the 5th and 6th inst.
was a result of rivalries and jealousies held sale of the Chinese carvings in jade prevailing in his own camp of the Kuo• and other objects of art formed by Prince Ming-tang. Sung Chiao-jen in said to have Kung Pu Wei, of Peking, great-grandson made many energies because he warmly recommended the election of Yuan Shih- of the famous Emperor Tao Kwang kai to be President and opposed the The tale of 107 lots on the first day pro candidature of others. The Peking Daily duced £3,903 17s. 6d. The second day Yews most emphatically rejects the sale realised about £3,400.
The finer of the carvings in jade infect that the North or even the President suspicion expressed at Shanghai to the cluded a white vase and cover, carved himself had becorae implicated in the with prunus blossom, foliage, and birds
high relief; with loose ring handles, murder of Sung Chino-jers. Yuan Shih- 10in high-105 guineas (Montagu); akai himself had summoned Sung Chiao- pale green vase and cover of oviform jen to Peking, and had urged him to shape, carved with dragons in high relief. become a candidate for the post of with four handles 11in, high-160 Premier. It was therefore impossible. guineas (Larkin); a dark green Imperial that a reason was existing for him to brush-holder, carved with a mountainous make away with a partizan worthy of his landscape and figures, fin, high 145 confidence, the murder of whom, in case bowl and cover, thin, diam. 100 guineas would, as he must say so himself, lead to guineas (Smith); and a circular white that it should have been caused by him,
(Montagu), Two carved rock-crystal incalculable consequences,
President Yuan Shih-kai has contri- vases and covers, each 11in, high, realized 105 guineas and 130 gaincas respectively,
it Fox. The Chinese objects of art included a pair of large oblong kuro and covers, of cloisonné enamel, decorated in polychrome on turquoise ground. 31in. high, 2lin wide, Ming-175 guineas (Huggins).
On Monday afternoon an accident, of an unusual nature, happily-though it is not the first of the kind took place at the THE news from Washington that a repre
lower Peak Tramway Station. A party of sentative of the important American banking
French visitors were about to make the firm of HOLLING & Co. bas informed Presi
journey to the Peak, but the car was dent WILSON that an American syndicate is
A fine of 8500 was imposed by Mr. Mal-under way before one member of the party
[The doceased American millionaire was eady to furnish Obins with the £5,000,000 bourne yesterday upon a Chinese for got on board. He dashed after the car, isbe requires on the basis of "the new loan being in possession of a quantity of land gov upon the fuotboard, as, the car bora at Hartford, Conn., and after being and were purchased by Messrs, Goodenbuted $2,000 towards the funeral expenses.
educated at the English High School in was crossing the cullah, but he was dis- Boston and at Gottingen, entered the Hank opium on the Sui. An.
lodged apparently by a sudden jerk of of Duncan Sherman & Co. in 1857. He became Ainerican agent in London of G. the car, and fell into the wide granite pechod Coin 1800, and was afterwards faced nulish. He received serious indubined with a number of important une
nulinis lead receives serious with
H.M.S. Royal Arthur arrived yesterday with relief crews for the Whiting, Otter, Virago, and Taku and half crews for the Tamar, Fame and river gunboats.
policy" will doubtless bo received with great satisfaction in Chinese official cireles in Poking and in the Provinces as well But it is much too curly to say that this will make for the discomfiture of what we must now call the Quintuple Syndicate. By the term "new loan policy" we assume is meant the policy recently enunciated by President WILSONA policy which disapproves of loan conditions which seem to touch very
A fisherman has reported to the police nearly the administrative independence of China," and which disapproves of American at Aberdeen that an unknown steamer bankers undertaking a loan which might proceeding to Hongkong collided with his -lead to forcible interference in the financial Jank near Fataimun, causing damage to
or even the political affairs of China" On the extent of $200.
A Chinese boy, 14 years of age, in run- ning across the strect on Monday, dashed into a richa and received injuries to his face. He was sent to hospitale
www
reading the latest news from, Washington it The Kowloon Cricket Club annual will instantly occur to the reader to ask: tennis tournament will commence on or What is to be the security for this loan? about the 15th April, and we are asked to
It will be remembered that President mention that entries for the various WILSON a fortnight ago said ho“ objects to events will close on the 10th inst the perpetuation of certain antiquated taxes as pledge for the security of the loun." We pointed out at the time that this corldbourne at only refer to the pledging of the Salt Gabelle, practically the only security Chia
Two men appeared before Mr. Mel. the Magistracy yesterday charged with being in possession of a quantity of opium, which they had con- cealed between a partition and the side has to offer exoopt territorial concessions of the steamer Paul Beau, The first man
notice, has described the allusion to the
prominent in the largest reorganisation of railroads and other enterprises within recent years, and his inrge financial interests DI- tended in many directions.)
AMERICA'S AMBASSADOR TO
LONDON
The most interesting lot in the second day's sale was a complete set of bronze Imperial writing implements, decorated with various archaic ornaments, consist ing of nine pieces, dating from the Chou dynasty, and considered in China as ons of the chief Imperial treasures; it realized 145 guincas (Sparks),
THE ANTI-OPIUM CRUSADE.
A number of offenders against the
Opina Regulations were paraded through the streets of Wuchong het week
One hundred and fifty soldiers have left
Talifu (Yuanan) and gone South for the purpose of destroying all poppy found growing.
the hospital. The name of the victim is Reune Galliand, and he is 26 years of age
It is a wonder that there are not many more such accidents. About a year ag
FAMINE IN HONAN sore large boulders were placed almost at the edge of the nullah to prevent
There were also the following carvings
TRAINS PACKED WITH REFUGEES. venturesome persons falling in when ran-
LONDON, April 18t
in idea white vase and cover, with
Goods and ballast trains on the Peking ning to catch the car; but these do not
Mr. Walter Page, who has been editor gourds and foliage, 11in, high-160
guincas (F. Partridge); a dark green yase Hankow railway are packed with refugees make an effective protection. What would serve the purpose better is an iron railing of the World's Work (New York) since and cover, with panels of kyline in relief going South. The drought is continuing,
15in, high- 100 guineas (Gooden &
and famine prices prevail in the province, midway between the station building and 1900, has accepted the American AmbassaFox); a circular pale green koro and the nullah.
dorship to London...
CRICKET.
#X.C.C. “A” ». Bok The following will represent the E.K.C.C. "A" in the match to be played on the Cricket Club ground on Saturday next, play starting at 9 p.m. --T. E. Pearce (Capt.), W. C. D. Turner, D. E. Donnelly, I N. Anderson, C. C. Clarke, J. S. Lloyd, W. E. Warburton, A. N. Jose
A Chinose paper published in Peking, we was discharged, and the second was fined land. Licut Waco, R.N., R. F. Long, A.:
$1,000, or in deinalt six months.
H. Crew.
RUMOURED ROYAL VISIT.
LONDON, April 1st. Reuter is authorised to state that Their Majesties do not contemplate n tinental tour this year.
con-
BILLIARD CHAMPIONSHIP,
LONDON, April 1st. The billiard championship played at Holborn Hall ended as follows:--
Inman Reece
18,000 16,827
cover. 9in high- 200 guineas (Jewell); of Honan. and another, dark green, 44in. high-100 guingas (Blake). A red-crystal vase and cover. carved with figures of immortals, e, 13in. high-155 guineas (Huggins),
CHINA'S OVERDUE DEBTS.
PROTEST BY THE POWERS.
The correspondent of the NC. Daily News cabled on the 27th ult.
The five Ministers yesterday decided to address a formal protest to the Chinese Government against the non-payment of the advances made by the Consortium against Treasury bills.
DISBANDMENT OF TROOPS.
"A PATRIOTIO ACT TO SAVE THE COUNTRY'S
FINANCES.
A proclamation by Genoral Li Yuan- hung to disbanded soldiers sayë:→
The provincial debt is heavy and in- creasing. So your pay would have to be reduced if you were not disbanded. You You must all go are patriotically retiring to save your country's finances. horie. None of you must war uniform or Guilty persona artis or make sedition will be heavily punished by martial law, even to death-Reuter