GERMAN BANKERS"
RESOURCES.
WAR MUST END IN AUGUST.”
A
1.
At the moment of writing the exclango rate in Holland of the German paper Inark shows loss of about 30 per cent. - says
message from Rotter- dara, dated January 24th. Lately the plunge was arrested, and there was in fact, a slight improvement, for the lovel of a short time age represented a deprecia- sion of 38 per cent. But it is very improb able that this slight recuperation in the reichsmark will be maintained. In fact, there are already indications that German credit is resuming its hitherto steady decline.
THE HONGKONG DAILY PRESS. WEDNESDAY, MARCH 8¥¤, 1816.
SALONIKA AND EGYPT.
ENEMY'S MENACE AGAINST BUEZ CANAL
CHANCES OF AN ATTACK,
BULGAR QUARREL WITH GERMANY.
CONSTANTINOPLE AND SOFIA TIRING OF THE WAR.
WAR'S BEFECT IN "CONSTANTINOPLE
CITY LIFELESS AND ALMOST
STARVING.
the streets, the Government offices, and rail- way trains see to it that they themselves None the less, the, Germany who swarm
are well fed and well provided for is every respect. The inore one goes the whole of the German aide of this war the more one realize that the care and attention of the concentrated on the army. Thus, while all entire forman people are almost entirely the Government offices in Constantinople. are shabby, as they have always been, while electric light and gaaight exist no langer, the Gera an-controlled War Office, where I had an interesting interview with Lover Pasha, has been entirely redecorated. outside and inside, and looks apick and span and Prussian.com
Tall, well-dressed German soldiers are an duty everywhere We read constantly of consisting largely of body stressed old the prisoners taken on the western front Landsturm men and boys, The Germans
really first-rate troops. I see it stated in German army in Constantinople consists of aro not sending this class to the Enst. The
that the Germans have 50,000 men is Con- Belonika communication to The Times stantinople. I doubt it Fifty thousand may have pasted through Constantinople. to find out how many there were. Lipu'd I carefully busied myself in an endeavour put the setutal number at any one tile as 10.000 Constantinople is only a temporary depot. - AR
Mr. Hilmiro Belloc, in his wockly review here from Bulgaria tells me (says G A reliable observer who has just reached of the war in Land and Water, deals main Renwick, special correspondent of the In Constantinople one realizes the war ly with the approaches to Egypt, but dis Daily Chronicit at Salonika) some interest Pure more toan in any of the great cases also this activity upon the Southerning things about the state of affairs in Capitals in the war-gone that I have yet Russian front,
thas country. He says, that no secret is visited (says a special correspondent of In the reference in his article to the new made of the fact thng the war he Daily Mai), had been there a few Rension campaign, Mr. Belloe regards as been, so for a very expensive affair.
inonths before, but to-day things are much improbable that either our Allies or tho It cannot now be hidden from the people life is now of an alarming nature.
worse Tho dearth of the necessaries Of gion of the Bukovina at present, and he Serbians, French, and English amount in enemy will achieve in advance in' the re. that the larges in the fighting against the bases his conviction upon the ground that IT to 150,000 men out of a total of 430,000 the conditions in the Volhynia and the The national leaders told the country at Bukovina at present hamper the movement the commencement of the way that the Anyhow, the recent trifling betterment is
of heavy artillery, which, as he says, theatruggle was only to achieve Bulgaria's accounted for by temporary and artificial expedients introduced by the Gersang far-xperience of this war teaches us is noces
just ami national ambitions and to relieve the purpose of giving a fillip to their ex say. It is hardly conceivable, therefore, Bulgarian Macedonia from foreign rule. change rates. One of these expedients is he writes, that a really successful offensive
Now that Bulgaria is in possession of the depositing in banks in this country of
on a large scale should develop against the that region, and much more, the general a cortain amount of god. That this has Austro-German trenches between the Pri- feeling among the population, and through been done, I learn on good authority, and pet marshes and the Rumanian frontier stout tear in particular, is that the its object was to try and cheek the fall in this moment.
country hug had enough of the war. the value of the paper mark. Now whether Mr. Belloc hoils that what the new Rus- My infernt is in a position to confirm Germany's stocks of the precious metal are
rian effort has done is in the first place to the teent reports that the Bulgarians as large as she asserted or not, it is cer
ourcentrate great numbers of the enemy's strongly object to taking part in the at tain that every ounce is needed within the effectives upon this line. Secondly, a poli-tack on the allies position here unless Empire As a backing for the enormoustical result, to affect the impression on they are guaranteed very liberal compen issues of paper money. Consequently, no neutrals ja de East and to weaken the sation, such as, at least, the possession of one here believes that, however largo the legend which Germany in particular had Salonika. deposits she any have made many of industriously spread, that no Russian offen-
The geriousness of taking part in an her creditors are likely to
receive, even a local one, could be undertaken atack on the Allies is fully evident to ment, even if it has been triflingly new Russian offensive must have some effect the continuance of the war will men utter payment in geld, or that the expori-for many months-if then, Thirdly, the well-informed Bulgars, and large numbers of people are thoroughy convinced that spccessful for the moment, for bolstering up the doclining rate of exchange, is like y pon domestic opinion in Germany and Austria-Hungary, which was no more than
ruin for the country. be repeated. Busines, men in Holland. whatever view three months ago persuaded that the power they may hake of the military position,of the Russian armies to undertake a new have to illusions as to Germinay's uncia offensive was finally broken situation, Dr. Kari Helfferich, the Ger man Chancellor of the Exchequer, his not hoaxed them by his hotmatic rhetoric. Nor, jadeed, has he deceived his own bank er fellow-countrymen, In this connection rollable source. A short time ago-not long, important nows has reached me from a in fact, after Helfferick's exposition of the lawe of political economy te made in Ger- many there was a meeting of the directors of the Deutsche Reichsbaak. the Bebaffhau sen, and other great banking institutions in the German Empire. They discussed the financial situation, and they came to the conclusion that it is absolutely impossible for Germany to remain at war after the end of next August without being faced with economic ruit.
<
This does not mean that by that time our enemies will have come to the end of their resources for the continuance of the war. It means, and this was de clear by the bankers to the Government that if hostili ties continue aftor that date there will not he left a sufficient margin of money for the Empire to be able to resume its ceosonic life after pace is declared. In other words, that Germany will be faced with national bankruptcy and irretrievable
Tuin.
Other information which has reached me is that the great representatives of German Lance are bringing tremendous pressure to hear on the Government to conclude peace before it becomes necessary to trench upon the monetary margin which singt be kept intnet if Germany is 10 resume her Commercial and industrial existence after the war. In the view of these authorities. not even victory in the field could ensure her being able to keep her consorcial head above
water after the war. they say, "we must have peace this
MILITARISTS' UPPER HAND.
Therefore,
year.
What influence this view may have upon the Government, still. perhaps, under the military obsession that plunged the coun try into the maddest of all wars-who can say? For what it is worth, here is the opinion of one who has been in dosa touch with ruling circles in Berlin. "I believe," he said, that, whatever the military posi- tion, film peace overtures will be tunde by Germany next autumn or before. They will serk, if they are still in a position to do so, what, you mean especially Tag fand-regard as the terms of a prenature
ponse.
And if I suggested, "any such terms are refused?"
CONDITIONS IN TURKEY.
JAVA-CHINA JAPAN LIJN
REGULAR FORTNIGHTLY SERVION BETWEEN
JAVA, CHINA AND JAPAN.
STRÁNEK
Foo
Hermodo ON OR ABOSTI
WILL BATH.
ON OR ANOUS
❤ TJILIWONG..
MAKASSAR
in port
9th Mar
KUBE
Wirelors Telography.
The Steamers ere si fitted throughout with Electric Light and have Bocommodation for a limited number of Baloon Pamergers, All steamers carry a duly qualified surgeon. Carpe taken at through rates to sỤ ports in Netherlands India and Australia.”
For Particulars of Fraight and Paese, apply to the
Tere Buildings, 1st Floor,
Hongkong, 18th February, 1916.
JAVA-CHINA-JAPAN LIJN.
Telephone No. 1574,
LIJN
JAVA-PACIFIC.
REGULAR MONTHLY SERVICH BETWEEN JAVA, MAKASSAR, MANILA, HONGKONG & SAN FRANCISCO, Sailings Subject to Chingo Without Notice
Exposted
Steamers
The relation between German and Bul- garian officers continue to be very bad. So greatly do the Germans fear that they German others have been placed in every will lose Hold as the Bulgarian army that regiment. The war has resulted in suc
very throughout the country from Turkey The Turks, he says, as wel The traveller also obtained information
Germany is exploiting them. The Berlin-correspondent stayed at the rera asco og the Bulgars, are beginning to see that
On his way through Constantinople the Constantinople line is being used to take electric light celuced to a solitary bulb KARIMOEN Bulgarian corn and Turkish grain to Germany. This is causing in bath coun-
here and there, no gas, bad lood, bread tries a great deal of discontent and not a practically uncatable, and
tickets, or rater bread books, the bread little want
the hotel TJIKEMBANG swarming with German officers grumbling wholesome fear of the coming Russians.ugypt. At the Continental, where he stay- Bulgarians and Turks both entertain a bitterly at the fare, but at taking of In Turkey numerous signs of
ed on his return from Asia Minor, hinga change in opinion are evident, and n feeling is growing in favour of peace, as man who had turned Mahommedan, and he were oven worse. He met thero a Frenc- the people now recognise to a very large gave a very true account of the state of extent that nothing farther can be gained faire by prolonging Turkey's continuance in the war.
great
That the hurry concentration of the enemy's men north of the Rumanian fron Her has had some effect on the Balkan sitantion cannot be denied. But it would be foolish to vagg rate that effect. The from political considerations, is mainly due delay of the enemy before Balonika, apart to the necessity of repairing the railway thoroughly before any advance can be undertaken, The Varder line was wrecked by the Serbians and French; and even in peace there is at the beat only one single line and a single Ene which, running as it does, often through gorges and upon edges of rock, could only be doubled at a very great expense of time.
Proceeding to discuss the value of Salles as bases, for Allied offensive action, Mr. Belloc says that "is the ocade inic question of greatest interest in any discussion of the strategics of the Near
But it remains Enst
an academic News reaches me here from other sources question only until we hass seen what stating that the pro-peace party is gain effort the enemy can make against that for-ing strength in Turkey, and that one of the tified Unse, for until he has failed in his chief advocates of it is Yusuf Ized Din attempt to reduce the port of entry upon himself his Bank there can be no tie made by the Allies of Saloniks for a forward movement. And for that attempt we are still waiting
eanwhile the position of Balonike and of the control by the Allies of the Eastern Mediterranean is bound up with the enemy's munce to Egypt,
The Allies, possesing as they do the command of marine communication, are bere upon interior lines That is, they can transfer troops across from one point to another upon the shores of the Lévânt (".g., Salonika to the Gallipoli Peninsula: Alex andria to Salonika; Balonika to the Gulf of
The Russian advance in the Caucasus, only reports of which are just beginning to reach the people of the Turkish capital, is greatly strengthening what is really coming a powerful and popular demand,
GERMAN SOCIALIST SPLU
PEACE LONGINGS OF THE WORKING CLASS.
a
It was Gallipoli Day, the day when the news was made public in Constantinople. that the last Englishman had been driven into the sea. The town was gay with flags, mobs were passing up and down the streeta waving banners and shouting. Notices in Turkish and German were exbibited every where, special newspaper buketins were being rushed hither and thither by ragged hoys and men; but the Frenchman took sombre view of things, perhaps because he
ARAKAN...
Prom
Will Icave
For
1910.
1816.
JAVA
JAVA
9th March. 1341 March. SAN FRANCISCO
7th April.
11th April,
JAVA
8th May.
19th May.
The Steamers are all fitted throughout with electris light and have sectmmodation for a limited number of Faloon Farvengers All Steamers carry a duly qualifed surgeon Cargo taken at through rates to all Coumen Overland Points in the United States of America and Canada, Barva
For Particulars of Freight and Paniago, apply tol
York Building, Hongkong, 16th February, 1918.
JAVA-CHINA-JAPAN LIJN,
MANAGING AGENTE,
191
was a Frenchmen living under German THE TAIKOO DOCKYARD
rule. He said, "Well they have paid doarly for their victory. The wounded passed bore is endless processions for days. The oectric tramway cars, horse carriages, on the few remaining motor cars Were filled with them,"
It is more and more evident that the aplit
ALMOST FAMINE. in the German Socialist Party is widen.. The condition of affairs approaches famine. The ocotrie tramway-car service Alexandretta, etc.) far more rapidly than, with possibilities of far-reaching con the enemy, even with the new railways, casquences. While the majority of the has new practically disappeared. In this
Socialist Reichstag members supported matter, or pricus I took careful noteb transport than by land round from one point to another That is the capital the Government, the minority had not lost Sugar is 58, is lb. coffee Bs, a lb., and the its orática ense, which before the war Government have advanced even the price strategic factor of the whole situation. But constituted the strength of the Socialistuf cigarettes about 40 per cent, and any. if the enemy develops, na he threatens to Party, and was the reason for the remark body who knows furkey will understand do, a serious advance against the Suezable Socialist successes at the elections, what that incans to a people who smoke Canal, it would mean that Salons could In the regimentet German State the So-practically a day long. Matches are ad. only be held defensively during such a
cialist Party was the only bulwark of a box. Of parafin oil pone is left. Choco- period and that the mass of the Allied, freedom that the people possessed, and was late is finished. Cheese is unobtainable or certainly of the British, troops in the the rallying point of discontent with apart from the horrible Turkish kind. whole region would be employed to counter Juuker rule. A few (eaders rensin faith. Mutton has advanced 40 per cent. and beef the threat against Egypt.”
The object of the enemy's menice, says fight against militarian and Junker- which were four a penny seven months ago, ful to the pre-war faith and continue to cannot be had. The small Turkish eggs Mr. Bellos, is threefold
-tum
are now 20 each. There is no rice. Fish, First, it aims at alarming and confusing general opinion is England in the highest he has been drummed out of the party
Among these is Herr Liebknecht, and of course, is a plentiful as usual.
Bus none of these factors seems to inter- degree--that is the general moral object of His case has been vigirously taken up by fare with the movement of the great Goy
AND ENGINEERING CO. OF HONGKONG, LTD. TAIKOO DOCKYARD. HONGKONG. SHIPBUILDERS. SALVORS AND REPAIRERS, BOILERMAKERS BRASS AND IRON FOUNDERS, CONSTRUCTIONAL. ELECTRICAL AND MECHANICAL ENGINEERS. WELDING AND CUTTING OF METALS BY OXY-ACETYLENE AND ELECTRIC SYSTEMS.
Estimates given for quick construction and repair of Ships, Engines Bollers, Railway Rolling Stock, Bridges, and all Classes of Engineering, Tron and Wood Work.
GRAVING DOCK-787' by 86' by 84 6"
Pumps Empty Dock in 2-3/4 hours.
conditions for painting ships with most efficient reaaling THREE PATENT SLIPWATS taking Teels up to 8,000 tops displacement, providing 100-Ten ELECTRIC CRANE ON QUAY-ELECTRI OVERHEAD CRANES.
throughout the Shops ranging to 100 Tous. Je 50-Tos Hydraulis TESTING MACHINE for Chains, Wire Ropes, Rivets, eko,
CO., LTD.
Then," he replied. "don't be under the enemy in all he does and has done for the Forwaerts, which denies the compenn war machine. If the Turkish popula. AGTT 101 As pa
side of the recount.
ROBBING THE DUTCH,
Secondly, it proposes the more concrete and tangible object of cutting off the canal the East, thereby readering com-
...
JOHN 1. THORNYCROFT &
PETROL and KEROSENE MARINE MOTORS 7-1/2 to 160 B.ELP.
* As supplied to the British Admiralty and War Office KOTOR VEBBELS, LIGHT DRAFT CARRIERS, GUNBOATS, LAUNCHEB
HOUSEBOATS PLEASURE CRAFT OF EVERY DESCRIPTION, MOTOR PUMPING and LIGHTING BETS, MOTOR VEHICLES, Ero. S
anagen, can be seen between the hours of 11 A2 and 12 Noor the Town Ofiše, d
BUTTERFIELD & SWIRE.
Dockyard
HONGKONG, CHINA AND JAPAN, AGENTS, Telegraphie Address 2000“ TAIKOO DOCK."
THOS. COOK & SON, TOURIST, STEAMSHIP AND FORWARDING AGENTS, BANKERS, ETC., OFFICIAL AGENTS TO THE PHILIPPINE GOVERNMENT.
HONGKONG-SHANGHAI YOKOHAMA-MANILA.
TICKETS SUPPLIED to EUROPE by the principal' STEAMSHIP LINES 3H.
TRANS-BLBERTAN RAILWAY.
any illusion. I believe al financial GD=
months past, for be believes that he entence of the party to exclude him, arguing tion goes short, the German private soldier siderations will be disregarded, The mili
that only those who elected him had the gets his full vation every day. Lariats will have their way, the war will thus best, shake the Allianos,
right to take any decision about their be continued on a paper basis, but they
WITH ENVER PASEL will continue to fight always assuming of
representative. It is doubtful whether the
Enver Pasha is young, log than forty I electora will agree with the decision of course, they are militarily whlo to do Bomunications with Indin dificult or more the party, for it is a remarkable fact that should think, short, extremely well dressed heedless of everything.".
Reverting to the immediate financial positardy, and affecting to that extent the the attitude of Liebknecht, who is sup-dandy, in fact and speaks German tavu, another striking illustration of the way political position of Great Britain in berported by intellectuals such as Kautsky perfectly. Hail speaks French only. My in which the Germans are trying to restore great Dependency-perhaps elso affecting Bernstein, Zubeil and others, is that of conversation with Eover took place in the the balance against them in Holland has the whole world of Islam, and the labouring classes in all parts of the newly decorated War Office
To make him talk I asked him whether just come to light. With tremendous Thirdly, it proposes the putting of a very empire, energy and thoroughness they are pursuing heavy economic strain upon the Alliance, Several Socialist associations and comit was true that England was prepared to the restoration of the balance of debit and and particularly upon England, by compel-mittees in different constituencies have make a separate peace with Turkey and Traynowe No. 112 aredit as between Holland and Germany; ling a certain considerable proportion of passed resolutions approving the attitude whether it would have any effect. He re- thay are buying what they must; they are seaborne material from the East to come of the Socialist minority in the Reichstag plied, It is too late. They may have had elling all they can. Much, of course, they round by the Cape route.
in voting against the war credite on Jan that design, and it might have succeeded, do, and are doing, in the way of legitimate
Dealing with the question of what force usry 5. Most of these resolutions show but we learned that the Entente or, as he business. But no such term covers the the eneity would require for an effective that in German labour roles the desire-Powers had designed to hand over Con- called them jocularly the Mal Entente " Latest devious device for improving their attack on Egypt, Mr. Belloc holds that a
for peace is growing. Thus, for instance stantinople to Russia, and that compelled the Committee of the Social Democratic serious effort could not be made with less Party of Solingen, the centre of the warto join Germany and the other Central than a third of a million mer. The season
Powers." It concerns the iron industry. Normally, for such an advanco, Mr. Belloc cureludes whole party had not assumed resolute said, If the English had only had the industries, has expressed regret that the Referring to the Gallipoli campaigu, bo the wholesale dealer, here pake their con
is limited within no very bread space of attitude against the continuance of the courage to rush more ships through the tracts in Germany, France, Belgium, or
time-it is generally believed that the England, according to the state of the mar- month of March will he his best oppor-war, and at a meeting of party delegates Dardaneles they could have got to Con- ket. But at the present time they are tunity. Though in the main a Turkish ad-
at Leipzig it was declared that the atti stantinople, but their delay enabled us tirely dependent for their supplies of ral, plates.
and sheet-iron on the German roll venture, its fortunes will necessary depend us taken up by the minority was neces thoroughly to fortify the peninsula, and zn
sary for the final restoration of peace, a This is what has happened, ultimately upon the state of affairs in
That the German working people begin since the making of contracts fer very large Europe, where along the campaign as a
to understand that the desire for annexe amounts, in the words of one of the prin- whole can be decided. For the attack tions on the part of other political parties cipal Dutch dealers. The doctrine that upor Egypt however largely it develops is the greatest obstacle in the way of onntracis are no longer binding on
or with whatever energy it is pursued, pence is shown by a resolution passed at those who make them, and that they remember this) reninin subsidiary to the declared that, owing to the attitude of must (and it is exceedingly important to Socialist meeting at Weimar. which may be regarded as scraps Of paper, has
now been applied by the Ger campaign as a whole. A successful enemy the bourgeios parties in the Reichstag on ning to the regions of trade, The invasion of Egypt would not mean the Tow December 9, and the declaration that an German rolling mills have annulled of the war Even a disaster of this kind nexations were necessary objects of war at the British Empire through the Suez their contracts with the wholesale dealers could have no final effect upon the fortunes the conduct of the Socialish minority Canal Our motto is To Egypal closed theatres, cafés, kinempe, and in Holland, on the ground that the Gorman of Germany in Europe and therefore on must be regarded as Legitimate acts of The Turks have no real dislike for the other places of amusement. Nearly all the Government has prohibited the export of the whole campaign. That vast campaign defence on the part of the Socialists English and none for the French, although shops are closed. With the cutting off of En kan express the clerk made me pay £16- iron. Of course, one would think that
The Socialist Reichstag member, Gustaf all French words have been removed from the coal supply the whole life of the city in paper money for it, although its prico being so, there is an end of the bukines.
Hoch, who, though he did not join the the shop signs in Constantinople The Ger has thus been destroyed. In London there is, 12. Not at all. At Dusseldorf there has and
minority, abstained from voting on war inn oficers, however, were free in express is at least some light, but in Constantinop e denly arisen, out of the ground as it were,
credits, said, in a speech in defence of his ing their loathing of the English, though the only means of getting about at night a Selling Bureau for iron, This bureau
attitude, that it was an inevitable conse-full of admiration for the fighting capacity is by the aid of electric forches, is now making offers of whatever we re
viuence of the way that an ever-ing easing of our soldiers. Often more did I hear the mal eat of which cost me quire, but at enormously higher prices than
number of working men would declare remark which I had heard hefor that they those in the annulled contracts.”
a combination of the rolling mills? If not against war. The Socialist minority wished they had the Brit ab Australian, Now all this, in the opinion of everyone the former, then it is mighty curious that would before long grow to a pnjeritvor Canadian Tommies to command. here acquainted with the subject, amounts whilst contracts are annulled by the roll-which could fight with success for the. to nothing less than an impudens, trick-ang-nils on the ground that exportation peace desired by them. All this goes to LIFELESS CONSTANTINOFIE, subtle device for increasing Holland's in is prohibited, this bureau can supply iron prove that the German people are bogin debtedness to Germany by robbing the incidentally at whatever price they like ming to awaken, and though it may be Dutch iron merchant. Has this mysterious to demand. That, at least, is how it is a mistake to overestimate tluse movements, hureau at Düsseldorf been instituted by regarded by the Dutch victors of the to underestimate them would be no less the German Government, or organized by scrap of paper”. doctrine,
a mistake.The Observer.
nas probably determined as the battle of he Marne. It will in any case certainly be determined upon the great eastern or western fronts in Russia, er in France and, much the mast probably, upon the latter.
six weeks time we had taken down there over two hundred Austrian Skola guns But," he continued," even had the British shipe got to Constantinople it would not have availed them much. Our plan was to retire the army to the surrounding bills and mercy: They would not have destroyed ib, to Asia Minor and jeave the tows at their and the result, would have been simply an
empaste. With the Germans ve cau strike
VOUES arranged to ALL PARTS of the WORLD. BAGGAGE bollented, forwarded and insured at leweet entag LETTERS of CREDIT and CIRCULAR NOTES ISSUED and CAFHED FOREIGN MONIES Exchange H
Cook's FAR EASTERN TRAVELLER'S GAZETTE,”containing Sailing and Fres from the Far East to all parts of the World, will be forwarded free on application.
Cntry. Oppzom 1-LUDGATE CIRCUS, LONDON, E.C Hongkong, 9th February, 1916
the very
The money question in Turkey is in a
ticket at the station at Stamboul for the For example, when I bought my railway
FORTHCOMING EVENTS,
8.15 pm. The Augel in the Hrus." by the
· Hoogkong Amateur Dramatic Club, in aid- of Hlum Croa Fond
most extraordinary position. Seven Saturday, 11th Mich months ago gold was given at banka in re.... torn for cheques. To-day there is a short- ago not only of gold but af silver and the When I was in Constantinople peven oficial Turkish paper money. Theo has. months ago there was compasative gaiety been substituted a kind of Turkish £1 note in the city. It is extraordinary to see the Taking the Turkish pound to be worth difference that bag boen made by the air 178 6d, these new 1 notes only realize sence of electricity and gas. It has al enco: about 128 al. each.
Wednesday, 29th March,
11:30 1m-Chins Suger Refining Co., Ltd.
Meeting of Bhareholders."