INTILLATIONS
THE HONGKONG DAILY PRESS,, SATURDAY, JANUARY 16TH, 1915.
VICTOR VICTROLA
THE IDEAL ENTERTAINER.
GERMANY IN FINANCIAL STRAITS.
France this work is going to be done, the country no longer being able to refrain from taking the same stops.
The German Army's advance posts are at our frontier posts. On two occasions yester- tory." Then came the general mobiliza day German patrols invaded our torri.
tion affecting all men from 19 to 42 years of age in Austria-Hungary on July 31st, and the general mobilization of the German Army and Navy on the following day, and the violation of the neutrality of Luxemburg by strong forces of German troops on August, 2nd, followed closely by the appearance of the Kaiser's army in Belgium all before the declaration of war upon France.
TIME AS A FACTOR IN THE STRUGGLE.
Germany is in Onancial straits. An inconvertible paper currency can, of course, he expanded to any extent so long as the printing press holds out, but the Financial Times draws attention to the class of currency which Germany is creat- ing. In our own ease we hold £71,400,000 in gold, of which £9,500,000 is specially earmarked, against a currency issue,, including bank
of about £65,000,000, the amount of the new Treasury notes. outstanding being £30,000,000. But while our notes are more than fully covered by the total gold hold- ings, and substantial provision is made WEARING OUT THE ENEMY. for the encashment in gold of any of the new Treasury noles presented, Germany is in the position that her total gold. stocks represent less than half of the amount or her paper currency issued, and, instead of setting aside any gold as a reserve, the right to change notes for goll has been specifically withdrawn, Great
which can be drawn upon, whereas Ger- many is a debtor country. Since Ger many is therefore not in a position to create fresh credits abroad, this dan gerous condition of aftairs is likely to continue and grow worse, rather than better. The rark, as quoted in exchange, no longer reats upon a gold basis. It is new merely a symbol of the national credit, and unless Germany can force the war to a successful jsme, it is likely before song to become a rather riscredited symbol so far as neutral nations are concerned, Some depreciation has been noticeable already, but so for the movement has not gone very far. It is, however, even now severe handicap upon Germany's external trade and one that is likely to grow greater in the future.,
CALL AND WE WILL GLADLY DEMONSTRATE Britain, too, has enormous credits abroad
IT TO YOU.
EXCLUSIVE AGENTS:
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THE WESTMINSTER TOBACCO COMPANY, LTD. are now giving away beautiful calendars. The frontispiece is a charming picture showing the Tower Bridge, entitled the Fool of London.”~ The calendar is in three piscos and there are interleaved three charming beauty types, and it is given away in return for the following, empty. tips:
8 “RECESS” VIRGINIA 50S TINS,
OB 10 “AIDE-DE-CAMP" VIRGINIA 508 TINS.
Return Tins to-
WESTMINSTER TOBACCO CO., LTD.,
18, BANK BUILDINGS. The supply of calendars is limited.
Bongbong, 14th January, 1915.
[139
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(101
A
German industries are feeling the effects of the war more keenly as time goes on, owing to the cessation of all exports, the diminished home demand, and, for these special branches which, through war re quirements, otherwise might be kept well employed, the shortage of skilled labour and the rig in prices and scarcity of certain raw materials. Reduced output and à material reduction in the number of employees atc, saya Engineering, the order of the day thas, the production of coal has gone down 50 per cent, com-
A REAL ENTENTE.
The following is from a descriptive
HE
ΒΟΑ
INTIMATIONS
VISTA HOTEL,
MACAO.
account communicated by an eyewitness Tourists and Visitors are Guaranteed every comfort and-sú excellent Cuisine,
sbove HOTEL Is now under NEW EUROPEAN MANAGEMENT.
present with Genera! Headquarters on December 6th:
Of major tactical operations by the British Forces there has recently been an entire absence, and there has therefore been no definite progress to record of a material nature such as might be achieved by inflicting defeat and severo loss on the enemy. Nor for some seven weeks has any strategical advantage been won in been sugraphical sense, since there has been no advance nor gain of ground. But there is another kind of strategic progress, more imponderable, less direct, and less obvious than the two mentioned
namely, that produced by the lapse of side every day tends to make it stronger, time-whed time is working against one
to force the enemy to misapplication et and active resistance on its part tends force which might be employed to greater advantage elsewhere.
But it is also proverbial that the excep
It is proverbial that Allies fall out. tion proves the rule, and if that be tene, the rule has certainly been established during the four months duration of this war. There could be no more cordial relations than those existing between the French and British, both in their official and social life. In all the towns, large or small, in which the British Army has
pared with the corresponding period last been quartered the friendliness with
your.
Unemployment is on the increase, which the inhabitants have received us and much disappointment is being experis more than remarkable; and it would be
enced because no public funds have Leen difficult to say in how many French
voted under this head, although the Diet houses British officers and men have now the other day, amongst other big grants, been billeted, or how many have been con voted, 400,000,000 marks for the aid of
verted into military offices In many sufferers from the war in East cases the houses are empty, save possibly Prussia. Apprehensions as to the future for a caretaker, in others the owners and have already shown their very pronounced families, are still inhabiting one part of their families, or portions of their effect in the direction of dividends recently their homes, while the British are occupy declared by large industrial concerns for ing another usually, be it noted, the the last financial year. Several have beiter part. And, at best even in the found is advisable to reduce their divi absolute upheaval of life which occurs in dends as much as 10 per cent. below last an invaded country this incursion of year's, amongst them sorse large firms in strangers of another race must be intense- the iron and mining industry; they inconvenient. greatest disappointment has perhaps been csured by the Allgemeine Elektricitats sibly, the good humoured resignation. One reason for the cordiality, or pos Gesellschaft stepping down from 14 to 8 with which our French hosts receive us per cent, 10 per cent. having been reckons as they say, with a smile." Nous ed upon in any case. Germany and préférens, Monsieur, que vous soyez ici Austria, naturally, are exerting them que les Allemands." This is the senti selves subtitute homemade plant for ment that is always at the back of their such as has formerly teen. imported from winds, and the nearer the place in which Britain. Thus, the Goverment some they live to the high-water mark of the time aga made a request a German manu-German invasion, the more fervently is facturer of spinning and weaving it expressed. Indeed it is absolutely im aschinery to go in for the manufacture of such specialitis, which before the war. were impart from Britain. This advice, it would ssen, continues eur contempor ary, has already borne fruit; thus some large engineering firms in Alsace and elsewhere are said to be already making machines for the yarn, which compensate for the British machinery now used. Some of the Chemnitz manufacturers are under stood to be turning out satisfactory plant for flax, hemp, and jute spinaing, etc. The Königs and Laurahatte is another example of how seriously the war affects industrial concerns in Germany. The dividend for the year 1813-14 has been fixed at only 4 per cent.. against a per rent. for the previous year. The profits certainly were somewhat smaller (3,553,898 marks, against 4,854.058 marks); but it transpires from the report that it is chiefly concern for the future which has influenced The dividend: Abont 33 per cent. of the. hands and staff are engaged in the war, the railway service is out of gear, had debts may be expected, and the Polish iron works of the company had to be stappel almost directly the war broke out, without any prospects of re-opening. British Trade Revier.·
HOW
The
PREPARED
GERMANY
FOR WAR,
SECRET STEPS.
possible for those in England to realize. the feelings and fears of the people out here who have either once had the loathed invader in occupation of their homes. even when the latter have done no special damage or who live in some place which by the merest chance the Germans have not entered.
This is quite apart from those instances in which towns have been destroyed and the enemy has taken what he considered rigorous measures. Even in those hard cases where it is necessary to turn the inhabitants out of their houses in order
demolish them so as to clear a field of re the resignation and courtesy met with this drastic action are at once appreciated. are astonishing. The reasons given for and the usual cominent made 18,“ Ab. well! It is a small matter compared to the war mental attitude of the majority towards Such is the temper and the war and their British Allies.
MODEL TROOPS. ;
have never forgotten, and have by the There is no doubt, also, that our troops treatment they have received never been allowed to forget for a moment, that they are in a friendly and allied country; and they have returned courtesy and good, feeling in kind. Indeed, it is somewhat of revelation to see how freely our: the members of both nationalities get on soldiers mix with the population and howi
with the smallest knowledge of the other's language. And a very pleasing side of the joint operations of the Allies is the fact that there has never been any sort of friction between the troops. This preparations which Germany appears all the more remarkable when it deliberately made for war, such as the remembered how many thousands of mobilizing of troops and strengthening of men have been thrown togther, often in fortresses before the breaking off of most trying circumstances, and that wine diplomatic negotiations with France and is the common drink of the country. Resia and the violation of the neutrality It does nothing more this war is of Belgium, are fully revealed in the bound to increase the mutual knowledge French Yellow Book.
Mehmet fof and respect for each other of the In Germany the French Consul General French and British, and there is no doubt at Frankfurt-on-Main noted important that it will leave a lasting and beneficial movements of troops on July 28th and effect on the intercourse of the two 29th, and in his dispatch to M. Bienveen nations. The same may be said of the Martin, Acting Minister for Foreign relations between the Belgians and Affairs in Paris, also stated that on the British but their connection has been morning of July 9th six days before neither so extensive nor a prolonged. France received the declaration of war several regiments had arrived at Frank
furt with Geld kit, chiefly along the roads
from Darmstadt, Cassel, and Mainz, majority of the Moslems in Egypt are The views of the huge conservative which were filled with troops, while a ire rably and concisely summed up by a bridges and railways were guarded.
M. Viviani, the French Prime Minister polies efficer in the following words in another document on July 20th,Why should we want the Turks here? All orderly neople know how it was in "In Germany the garrison troops of
Ismail Pasha's days, when the Turks were Mets have not only been brought up to masters. All who have been to Turkey the frontier, they have also been rein-say that every one is always being sent to farced by elements transported by railway Prison there, and that their fellaheen are from garrisons in the interior, such as always being oppressed, whereas here Troves and Cologne. Nothing similiar there is enough work and food for every has been done in Fra had already mad like the Young Turks, who must go The preparaone, and the English, thank God, are not tions in the fortretses started in Germany on July 25th. In stirring up trouble everywhere."
Best attention and moderatë rates,
For Particulare apply to-
Hongkong, 21st December, 1914.
THE MANAGER.
[69
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FORTHCOMING EVENTS.
TO-DAY
2.30 p.m.Auction of Very Valuable Collec
tion of Chinese Porcelains, Brasses, Bronzer, &o, at Sales Rooms, by Mestres. Hughes &.. Hough
Monday, 18th Jan
3 p.m.-Auction of Booths and Matchede on the Government Ground adjoining the Race Course, by Messrs. Hughes & Hough Saturday, 30th June
3 p.m.-—A Garden Fête in the grounds of the
University
Tuesday, 2nd Feb::---
11.30 pm West Point Building Co., Ltd.j
Meeting of Shareholders at the Offices of Jardine, Matheson & Co., Ltd. 11.45m--Hongkong Central Estate, Ltd., Meeting of Shareholders at the Offices of Mosera. Jardino, Matheson & Co., Ltd. Noon-Hongkong Land Investment & Agency
· Co., Ltd., Meeting of Shareholders at the Offices of Mesara, Jardine, Mathieson & Co, Ltd.
[100-1
FRENCH LESSONS
G. MOUSSION,
16, MORRISON HILL ROAD.
NEW CARTRIDGES.
BY popular English Manufacturers.
all Bores and Bisce
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SMOKELESS POWDER and OHILLED SHOT. From No. 10 to 9986. at 86, 87: and $7.50 per 100, SPORTING REQUIE- ITES and AIR GUNS in Variety.
Inspection Invited,
WM. SCHMIDT & Co.
Hongbong, 16th October, 1914. 193
WAR MAPS
SMALL
AKD
NATIONAL FLAGS To Mark the Progress of THE WAR.
For Sale at
GRACA & CO., Hongkong Hote Building, Pedder Street
A
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LING & CO...
19 Quins's ROAD CENTRAL,
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Canton Marbles in Varions Shades. VELAPHONI 1219,
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194
DARLINGTON'S HANDBOOK.
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