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BRITISH UNIVERSITY FOR
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FROPOSED GRANT OF £350,000.
THE HONGKONG DAILY PRESS, SATURDAY, JULY 26TH, 1918.
A meeting of between 50 and 60 members of Parliament and others was held in ono of the Committee Rooms of the House of Commons last month for the purpose of considering a proposal to found a British University in Central China. Eari Lore- burn presided, and among those present wero: Mr. Acland, Sir W. Anson, Dr.
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Canon Lord William Cecil said that the proposal was to divert a portion of the Boser indemnity to the purpose of founding a University in Central China on lines analogous to those of Oxford and
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or denominational foundation, but facili ties will be provided for establishing hostels in which the missionaries and others could group their adherents, as was the ease at Western Universities China would, no doubt, have been pro- pared to found a University herself had sho not been immersed in financial difi- culties, partly as the result of having to Pay Western nations a heary indemnity for the consequences of the Boxer rebellion. That money came from thei pockets of the Chinese taxpayer, and therefore, in desiring to allocato a portion of it for the foundation of a University, they were not proposing to put their | handa into the pockets of the British taxpayer, but merely to apply a part of China's own money to China's educational needs, which she was not financially strong enough to meet herself. The United States of America had already led the way, in doing what it was now proposed that Great Britain should do in this matter,
1
A general disenssion followed, in the course of which it was explained that the Boxer indemnity to Great Britain had been fixed at £7,503,000, of which £199,000 had been paid to date, there being twelve months' instalments in arrear. It was suggested that a sum of £60,000 should be paid over to the University fund as an initial payment, and that further pay- ments up to another £200,000 should be made as the work of founding the Univer aity progressed. It was also explained that Sir Edward Grey had approached the Treasury on the subject, and that the latter had stated that as the total proceeds of the indemnity had been allocated to the Sinking Fund, it would not be possible to divert any part to any other purpose without specific Parliamentary authority, Eventually the meeting, by a unanimous vote, adopted the following resolution "That this meeting of members of Parlia ment, having heard the statement with regard to the proposed University in China, approves of the appointment of a deputation to the Prime Minister to urge upon him the propriety of giving a grant out of the Boser Indemnity Fund or otherwise towards the establishment of sach University.
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AGRICULTURAL CREDIT BANKS:
IN JAPAN,
As agricultural holdings in Japan are wonally very small and labour rather than apital is spent in their cultivation, the need of credit has not in the past been very pressing. With the development of scientific farming, however, more capital is being employed, and the Japanese Government has been compelled to find means of providing it at low rates of interest.
to become saareholders of the banks; it was further provided that the shares held by the profectures should bear no interest for the first five years after the banks had been in business, and that for the next five years the dividends on such shares should be set aside as reserve funds.
The Colonial Bank of Hokkaido started
business in 1910, with a nominal capital of 3,000,000 yen, and a paid-up capital of 750,000 yen. Owing to the defective com mercial organisation of Hokkaido and Japanese Saghalion, the bank does a more varied business than the other banks of which we have spoken. The total loans granted in 1910 were 22,316,927 yen, and The loans outstanding at the end of the The measures adopted, are described in, vena 14,720,371 yen; the difference between an articla in the Bulletin of Economic these two figures indicates that a large and Social Intelligepos" published by the proportion of the loans were for short International Institute of Agriculture, periods. The maximum rates of interest Apart from the co-operative credit authorised by the Minister of Finance societies, which are formed under a law | varied from 7.5 per cent, to 100 per cent. passed in 1900, the most important credit
To some extent postal savings are organisations in Japan are the so-called utilised in making loans through the agricultural and industrial banks. The mediuma of the various banks which we former carries on business all over the have described. For the current year it country, and the loans which it makes is estimated that about 20,000,000 you will are usually large. The latter confine their be allocated to this purpose by the Deposit operations to a single prefecture and make | Svelion of the Finance Department. loans of small amount,
In Formoss credit is supplied by the Bank of Formusu, and in Korea by the Bank of Kores and the Oriental Colonisa-i tion Company; those institutions are similar in character to the agricultural and industrial banks. In Hokkaido and Japanese Bagbulien there exists a bank of
The Peking correspondent of the V-C somewhat different character, known as Daily News writes:
the Colonial Bank of Hokkaido.
Mr. Henningsen, of the Peking Tele- graph Administration, who took a party in search for Mr. Grant, has returned to Peking. He states that there is no doubt as to the death of Grant. The rescue party travelled to the north-west for 120 miles, when they ran into the Mongols and were captured by the same band a was responsible for Grant's murder. The Mongols showed Mr. Hemingsen Grant's saddle and other property,
THE DANGERS OF INDIGESTION.
You simply can't be well-that is, really well-if your digestion is bad, for your vory food may poison you unless it is digested. That is why indigestion (im perfect digertion) is the root cause of nearly all our minor ailments and of many serious ones too.
The Mortgage Bank of Japan was founded in 1806, and began operations the following year with a capital of 10,000,000 yen, of which 2,300,000 yen was
Food should nourish your body, and paid up. The bank is empowered to make Jours on the security of real property of, make good the daily waste which never in the case of municipal bodies and stops, but it can't do that unless your certain dasses of society, without security. stomach digests it. No wonder dyspeptin The total value of the loans, however, men and women are always weak and
and must not exceed two-thirds of the value ailing they're starved
Starved, mind you, not which is set upon the securities held. The poisoned too. maximam interest which the bank nay for lack of food, but because they don't charge is fixed by the Minister of digest the food they eat. Poisoned, not Finance, and its business is subject to the by eating bad food, but because their control of two supervisors appointed by stomachs are weak and their bowels in- the Government.
active, and so the food they eat ferments and gives off poisonous gases which are earried by the blood strom ly every part of the body.
One Mongol described how Grant was bound before he was elol, and how he jeered at them because so great a number found it necessary to tie up a single man. The Mongols said that they would soon stop him laughing, and twenty men were
In 1910 the loans granted by the Mort lined up with rifles. Grant continued to laugh at them and shouted just before the gage Bank amounted to 17,081,044 ven, volley was fired at him, You may kili and the loans outstanding at the end of me, but you can never frighten me. I the year to 58,195, 147 yen, of which about! Mr. Grant was a Scotsman from half were agricultural Icans. For loans Skelmorlie. He was formerly engaged repayable by instalments the maximum by the Eastern Telegraph Company, and rate of interest varied from 7.0 per cent. he only recently joined the Chinese Tele: to 7.5 per cent, according to the class of graph Administration for special service bornwer, and for loans repayable at a in Mongolia. He way with an exploring fixed time the rate was in cach class party which was broken up in Wester increased by 0.5 per cent. China same years ago when an Indian Surveyor was killed.
Great credit is due to Mr. Henningsen,
The agricultural and industrial banks were created under a law passed in 1895. There are now forty-six such hanks in
who led the search party consisting of of Japan, each with a capital of 300,000 yen Giles. a British subject, and Mr. Wolff,
often
It is because Mother Scigel's Syrup possesses in a remarkable degree the power to tone, strengthen and regulate the action of the digestive organs the stomach, liver, and bowels that it is still. after forty years' testing, the best known and most successful remedy for indigestion, constipation, bilicusness, and the many distressing ailments which are) fraccable to a weak or disordered condi- tion of these important organe
Success breeds imitators, and there are many so-called substitutes for Mother
a Swede. They never saw any Chinese or upwards. They make loans principally Beigel's Syrup; but none of them contain troops after leaving Kalgan, and with the, on the security of real property, but they the combination of more than ten herbal greatest temerity marched straight ahead also lend money without security to extracts upon which the restorative and into the energy's country. Their captors municipal bodies and societies, and on curative value of Mother Seigel's Syrup said that they would have been behended, personal credit to groups of twenty or depends. but for instructions received from Urga. more persons with joint liability. The Read the following testimony from Mr. banks are subject to the control of super-H. Brown, of Randfontein Cons, 0.31. visors appointed from among the higher Co., Ltd., North Randfontein, Tresvaal, foßcials of the prefectures.
who wrote its on January 23rd st as follows:
THE NIPPON YUSEN KAISHA.
PUPTHER EXPANSION SCHEME,
The aggregate amount of loans granted by the agricultural and industrial banks About twelve months ago differed in 1910 was 61,205,314 yen, and the aggre very severely from indigestion, and was In addition to the augmentation of the gate amount outstanding at the end of afflicted with sharp pains in the stomach my food My fleet recently announced, it is stated that the year 51,351,476 yen, about two-thirds and an inability to retain
for which were agricultural loans. The sleep was very irregular and failed to the Nippon Yusen Kaisha has decided to masinuum rate of interest (fixed by the refresh me Food eventually because build six more vessel, four in Japanese Minister of Finance) was 8 per cent. for quite distasteful, and in consequence I yards and two abroad: These will be all certain classes of borrowers, and 9.0 per became so weak and languid that my friends advised a thorough rest and cargo boats, and are a seperate order cent. for others.
change. from the Fushimi, Nawa, Tasuku (19,000
these last-mentioned new steamers are
The
tons), the Kator (17,000 tons), and the the agricultural and industrial banks work looking and feeling none the better. Both the Mortgage Bank of Japan aml "After a few weeks' rest I returned to. Tokushima, Tuttori, and another (14,000 have power to issue debentures. tons), all being built in Japan. Four of total amount of debentures issued by the remit. Then a friend said, Try Mother I tried several medicinos, with no good expected to be ready for service by the Mortgage Bank and unredeemed, at the Seigel's Syrup, and I did 89. It more end of 1910 was 14,775,470 yen. At the than exceeded my most sanguine ex- end of the year.
same date, twenty-one agricultural and pectations; after few doses I felt relieved, and four bottles restored me to industrial banks had dubentures all to 11,607,580 yen.
health.
in
The new cargo steamers will be steel vessels, 460 feet long, 68 feet wide, and 24 feet in depth, with gross tonnage of 7,500, maximum speed 14 knots; and During the Grst ten years after its Since then I have been in the posses. navigating speed 11 knots. They will establishment the Mortgage Bank was kion of the best of health, and an occa- bo equipped with two triple expansion empowered to ask the Government for a sional dose of Mother Beigel's Syrup so engines and four boilers, developing 6,000 subsidy sufficient to enable it to pay a tones and regulates my system that I am horse-power."
These vessels, which are to be launched 5 per cent. dividend. To aid in financing always fit for anything,
*. If you suffer frous indigestion, and the agricultural and industrial banks, the
at the latest early next year, will all be sum of 10,000,000 yen was appropriated with to give Mother Seigel's Syrup & put on the European run to trade between by the Government for distribution among trial, be sure you get the genuine article. tho usual: British ports,apan the prefectures, in order to enable them
Chronicle.
(106
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