GERMAN VERSION OF THE GERMAN " NAVAL VICTORY"
NAVAL FIGHT.
NEWS OF LOSSES DELAYED FOR
MILITARY REASONS."
An official tolegram received in Amster dan on June 9th from Berlin gives aj denial to all official and semi-official Press reports from the British side, which, the telegram says, are systematic aly spread abroad in order to deny the greatness of the British defent in the naval battle on May 31st and create the ression that the battle was a victory for the British arms. The telegram con "It is asserted that the German Fleet left the battlefield and that the British Hect remained master of it.
tinues:-
*
"As regards that, it is stated that by the repeated and effective attacks of our torpedo-boat flotillas during the battle, on the evening of May 31st, the British main Fleet was forced to turn round and never agaip came within sight of our. forces, and in spite of its superior speed and reinforcements by British battle aquadron of 12 vessels, which came up from the southern region of the North Sex. nover attempted to come again into touch with our forces, to continue the battle or to effect a function with he above-mentioned squadron in order to bring about the desired destruction of the German Fleet."
"The British assertion that the British fleeing German Fleet in order to defeat Fleet in vain endeavoured to reach the it before reaching its hone points pp is contradicted by the alleged official British statement that Admiral Jellicoe with his Grand Fleet had already reached his baao
MIRAGE VANISHING,
A CRITICAL MOOD AFTER THE DELIRIUM.
THE HONGKONG DAILY PRESS, TUESDAY JULY 11mm 1916.
GERMANY'S DAILY WAR BILL ONLY TWO-THIRDS OF BRITISH.
The Reichstag has finally adopted the Budget against the votes of both Social- ist fractions.
The new war credit of £000,000,000: Was Herr Hanse's party (Arbeitsgemeins adopted against the votes of the Socialist chan).
GERMAN ECONOMIC AIMS. AUSTRIA AND CENTRAL
EUROPE,
FUTURE TRADE RELATIONS, [FROM TRE TIMES" CORRESPONDENT FORMERLY IN BERLIN.]
The first delirium of the German Press over the great naval "victory" is over; it has been succeeded by a more suber, the war credit Count yon Rüdern, Finan Timer called attention to the new Ger- almost critical mood. All the preans and cial Secretary of the Treasury, wanted man doctrine of "Central Europe."
During the debate on the first reading of: Just six months have passed since The ag-waving in the world will not alter the sheer fact that the naval position is
that the monthly war expenditure from then showed how Germany and Austria unchanged, if it has not actually change ceeded During the last three-quar- great political and economic systent January to May, 1916, was somewhat Hungary were being soaked in the belief more manifest in those few organs of theters of the year the German battle fronts stretching from the North Sea and the
under £100,000,000. for worse. This critical attitude is
The Minister pro- that they form the natural centre of Press that are habitually independent in view; such, for example, as the Frank-g the victorious advance of our troops Danke und destined to draw in all the have not grown smaller. Especially dur-Halfie to the Alps, the Adriatic, and the furter Zeitung, which prints on its front
at Verdun daring the last three months States on its fringe; how Friedrich page a curious quotation from the Bund been raging with an extraordinary ex-
an uninterrupted stubborn battle has Naumann's book. Mitteleuropa," had a Swiss newspaper that is notoriously penditure of ammunition. inspired to put it mildly, from Berlin. credit covers the probable requirements Austro-German fiscal negotiations-con- The quotation is remarkable for its for the half-year. France's monthly ex bined with political agreements about the
The new
become a new gospel; and how efforts "ifs." It runs as follows:-
were being made to hurry through penditure is alpst us high as ours, while future of Poland. "If it is true that this first big battle has ended with the results, then the tac-
Great Britain's is 50 millions higher. tical superiority rests with the Germans.
"The confidence of the nation in its The British losses are serious; those of abled us to raise £1,800,000,000 out of Contingent agreements about Poland own strength and in the future has eu-tain amount of progress has been made. It appears that in the meantime u cer- the Germans-if no supplementary pub-2,000,000,000 in long-term loans. None have undoubtedly been concluded between do anything like this. In Great Britain seeded in, at least, initiating formal the consolidated loans have reached hard-economic negotiations between Hungary of the other belligerents has been able to Berlin and Vienna, and Berlin has sue- ly 50 per cent, and in France hardly and Austria and economic discussions of Therefore in both countries an apprehen- and Germany. But whereas, at the out- one-third of the necessary war credits, some kind between sion of a swift increase in short-term set, every effort was made to magnify "Austria-Hungary
which have been higher than for the colours its vast offensive power, every fourth War Loan, the subscriptions for importance of the “Central Europe" loans is growing. The payments on our third,
movement and to depict in terrifying amounted to May £471,350,000, or about 90 per cent of the effort is now being made to represent the whole amount subscribed. advanced by loan societies for War Loan rangements which hardly concern the great seneres as harmless family ar- The money purposes does not represent 5 per cent
outside world. and against which it the sound basis of our war finances.
This shows
would be really quite absurd for the chequer bills and Loan bills are being ning of the war the German public,
Allies to take serious precautions, "As regards M. Ribot's story that Ex- may be remembered that at the begin. It stored up in the Reichsbank in the place greedy as usual for a formula, was of gold, I may point out that the gold taught that it was now realizing the mentioned in the Reichsbank reports is real gold, and on May 31st amounted to tained, self-supporting
ideal of Fichte, and becoming a self-con- £123,200,000 and covered over 36 per cent, grachlossener Handelsstant, which could of the bank-notes issued, while according live on its own resources and defy the rest community- to the report of the Banque de France of the world. on 1st the gold covering for French notes Central Europe.
To the general public was 305 per cent. notes was 62 per cent, and for German from the North Sea into Asin, it still out the gold covering for French bank-the self-contained State would stretch When the war broke this idea; and signified a future in which was an extension of notes 431 per cent, showing a decrease remain self-supporting a glorious and in France of about 31 per cent, as wonderful Prussia, surrounded by satel against a decrease of 63 in. Germany.lites, releasted from dependenco apon money for waging the war only if the The Finance Administration enn produce essential economic foundations remain protected by the achievements of the
lication of losses is forthcoming-are small indeed. If that is so, then we must admit that the military consequences of this battle should be valued very highly." Such a succession of conditional clauses of the writer in the validity of bis argues very little faith on the part It is evident that he knows more than he "it" and therefore of his argument. cares to say, and that the Frankfurter is much of the same way of thinking,
Captain Persius, whatever else may be (Orkneys), 300 miles from the battlefield; knows the elements of lus business. He, said of him, is really a naval expert and too, administers a cold douche, the British loss of three big Bread- noughts and super-Dreadnoughts," he points out, "is not a decisive factor." The battle has left things where they
on June 1st.
of the amount paid so far. at Scapa Flow
"Our numerous Gerinan torpedo-boat Botilies which were sent out after the battle to make a night attack towards the north beyond the theatre of the day battle did not find the British main Flest in spite of a keen search. Moreover, our torpedo-hants were able to rescue, a large number of British survivors of various vessels which had been stink.
As further proof of the fact disputed By the British of the participation of the entire battle feet in the battle, it i pointed out that the British Admiralty report announced that the Marlborough was disabled. Further more, one of our submarines on June 1st sighted another vessel of the Iron Duke class, beavily damaged, steering towards the English coast. Both the vessels men- tioned belong to the British main Fleet. "In order to belittle the great German success the British Press also attributes the loss of several British vessels to Ger- tuan mines, submarines, and airships, In this connection it is expressly pointed out that neither mines, which would have been just as dangerous to our own Fleet as to that of the enemy, nor submarines were employed by our High Sea Fleet, and German airships were exclusively used for reconnaissance work,
The German victory was gained by able leadership and by the effect of our Artillery and orpedoes.. refrained from contradicting many of the Until now we alleged official British assertions regard- ing German losses. The latest assertion, again and again repeated, is that the German Fleet lost not fewer than two vessels of the Kaiser class, the festfalen, two battle cruisera, four smail cruisers, a great number of destroyers. Moreover, the British indicate that the Pommern, which we reported lost, is not a ship of the line of 13.000 tons, built in 1903, but a modern Dreadnought of the same name. We state that the total loss of the
German High Sea forces during the battle of May 31st and June 1st, and sub sequently, are:-
One battle cruiser, One ship of the line of older construc-
tion.
Four small cruisers. Five torpedo-boats.
Of these losses the Pommern, launch- ed in 1905, the Wiesbaden, the Elbing, the radenia, and, five torpedo-boats have already been reported sunk in offi- cial statements.
For military reasons we refrained till from, making public The Inss of the Vessels Litzon and Kostk. In view of The wrong interpretation of this
were.
"Even
FANTASTIC TAKORIES.
illusion of victory is to assume that the Obviously the only way to keep up the British Fleot had some purpose in view, and that it was foiled in that purpose. In the Forsische Zeitung Vice-Adoural Kalan von Hofe puts forward this curi- ous and fantastic argument
Army.
31st
It is evident that our High Seas Fleet, with wide-extended fcelera ie., protected on all sides by big and small craisers, and especially by our far-seeing airships--had once more undertaken a voyage northward up to a certain point, and in an open sea fight recently caused where, for important strategical reasons,
The Navy protected the coast the commander determined to turn back, facts appear to me to furnish the the defeat of a superior enemy. These when suddenly the British Armada apeightiest and surest foundation for our peared in full strength, steaming from Sectland, and evidently resolved this
war finances."-Reuter. time to fight for the supremacy of the North Sea and the Baltic."
have recently pointed out to her in "un- The Allies of Great Britain, he goes on, mistakable terms" the inadequacy of her he should exercise greater presure upon present blockade, and demanded that Cermark" with a view to obtaining the right of free passage through the Belt and Sound, and eventually to bringing Denmark with the Allies. Great Bri tain has given her assent to this policy, and the first step was the dispatch of the Armada "
too, of the Hamburger Fremdenblatt, Denmark figures in the imagination, which solemnly asks: ----
has been foiled, of course it was a glori And since this diabolic Danish sebeme ous victory, But, apart from this crazy notion, it is interesting to notice the as- High Seas Fleet was not intending battle sumption in both these articles that the and was taken by surprise.
AUSTRIAN OFFENSIVE. ANXIETY FOR AN EARLY, PEACE, [The Times has received the following com- unusual opportunities of ascertaining the manication from a correspondent who has
in Austria-Hungary.] state of feeling and the actual position
neatral Legation in Vienna wrote:
Recently an important member of a
should fail.
to
oversea trade. The disappointing thing trade, finance, and shipping refused to was that all the leaders of industry,
for example, declared that Germany, believe in the now dream. Herr Ballin,
sea. Herr von Gwinner said that "none "must not turn her eyes away from the of the new proposals which see our goal in the Near or Further South-East eas for Germany be a substituto for the vitalizing North-Western movement." The Prussian Minister of Commerce, Herr Bydow, said, on February 19th:---
We need economic and industrial trade with our Allies, but we also need it with neutrals and with the States that are now-hostile. We shall not in future be able to do without the world markets for our industry aud, our trade;"
WHY TIRPITZ FELL.. These views bave gathered weight with
1
We have no bread to cat, no milk, Here existence is no longer possible. no butter, no fat-nothing, absolutely over month that has passed. It is not nothing. The general misery is inde tu wuch to say that for the present The offensive against Italy has been Adiniral von Tirpitz, of the determine- revolution if the war lasts much longer, the true explanation of the downfall of acribable. Everybody talks of an awful they dominate German policy. They are
faced the British Fleet to seek a decision success in that quarter would end the persistent "peace intrigues, and of all which up to now it has so carefully avoid.houl
"What pressing necessity could have spirit, and because it is hoped that with the United States, of Germany's undertaken in order to keep up publiction to avert at almost any price war
Woe betide us if this hope also that is known in Germany as the "wester ed? We cannot state for certain what were the intentions of the main part of the British naval force in its raid decisive importance to the offensive is the line of attack which Germany most The Viennese Press, while attributing At the same time they show clearly what ly direction" of the Chancellor's aims. against the German coast.
against Italy, abstains from over con fears from the Allies, and especially Bat the place fident forecasts. The fighting at Verdun, from the British Empire. where our High Seas Flent barred the which the best Austro-Hungarian mili conclusions. It is possible that the Bri- back for the German Army, prevents the and Austria, the Frankfurter Zritany way makes it possible to draw certain tish Flest's intention was to force its way expression of hasty opinions. Events has just provided a convenient summars tary critics consider an undeniable set-scribed as "conversations in Gerinany In a remarkable series of articles, de- towards the Baltic; and operation which are followed with the greatest anxiety of current discussion. Together with the Salonika in Denmark. Unscrupulous in it is felt that, if the offensive could would lead to the setting up of a second both at Vicuna and at Budapest, se mass of literature which has grown about fringements of Danish sovereignty have place in Austrian hands another terri- Naumann's buck, these articles give a already been made before by the British-torial pawa, peace on the basis of and morcover in order to frustrate Eng-people in Denmark who hold Venozelistuff
measure, OTH There are, moreover, plenty of favourable compromise might not be far t
pretty clear picture of present opinion. dish legends about gigantic losses on our views."
look first at the views attributed sis, these reasons must now be dropped.
to Austria. Both vessels were lost on their way to
HUNGARIAN FEAR OF GERMAN, DOMINATION, harbour after attempts had failed to keep
cularly by the Hungarians. They fear.
The Germans in Austria are said to Such & compromise is desired parti-recognize that, unlike Germany, which the heavily damaged vessels affoat. The
"must crews of both ships, including all severely
German predominance, which would be £1,000,000,000, Austria-Hungary is mai
recover, a foreign trade of wounded, are in safety.
inevitable were the Central Powers to ly concerned with the regulation of her putations were the Allies completely in exports and imports. The highest gain a crushing victory; and they know relations with Germany, with whom she that Hungary would suffer painful am- does about 40 per cent. of her trade both victorious. True, an Allied victory is productivity" is now the favourite. thought in Hungary to be much less formula, and many writers speak of likely
than
German predominance. future Austro-German relations as the German penetration in Hungary is fusion of two great syndicates." becoming dangerous. It is violently demand, in fact, complete free trade be They doncunced by the Press and in Parlia tween Germany and Austria-Hungary, ment, we enterprises which dispose of urat lation and capital, and assimilation of A number of German agricultural complete freedom of movement for popu amount of capital and are supported by the systems of law, trade, and admini- the German Government have hired in-
stration. inense tracts of land on long leases in
On the other hand, Austrian industry Hungary. South German Peasants League las opinion, and desires only a reduction of
for instance,
the generally is of an entirely different hired for 25 years en very favourable Customs duties between Germany and terms the big estates, of Count Louis Austria-Hungary, together with some de 3 Austion of Crown Land st. Pablie districts have been taken over in the secure completo co-operation in the nego Karolyi in the county of Szatmar. Other vice by which the two Empires can Tuesday, 18th July
Works Dept.
counties bordering on Galicia, and the tiation of commercial treatics with other 2.30 p. Auction of Sundry Ship's Gear sadowners, large and small The ap mitted that there is considerable opposi Bukovina, where the war has ruined the countries. At the same time it is ad- Wednesday 18th July
and Furniture at T.K.K.'send Skott & Co.'s prehensions aroused by these develop tion to any scheme of Aust o-German Godowns, by Mr. Gen. P. Lammert ments have increased the unpopularity of Noon TheDarawung" Steamship Ce..sidered chief author of the war. He is all vitality, and that the only practical the Premier, Count Tisza, who is con trian trade would in reality be robbed of free trade" upon the ground that Aus Ltd., Final Winding-up Meeting at the now supported chiefly by the Magyarized policy consists in establishing Austro Company's Offon, 18.15pm.The Phranang" Steamkip Co, Jewish haute finance of Aastris and
Jews, whose financial connection with the German relations on the ordinary basis. Li Final Winding-up Meeting at the Germany readers them favourable to the Meanwhile Germany, after her man Company's Office,
economic penetration of Hungary hy Germany.
ner, adopts an attitude of detached benc In these circumstances and in view of
volence And The German official account repesta dearness of the principal necessaries of either as a bridge to the Balkans" or the constantly incressing sugreity and Hungary can be of great value to her denies that Austria ham, and Marlborough are sunk. They asia Austris is in a dangerous con-area. It is argued that Germany has that Warspite, Princess Royal, Birming Life, public feeling in Hungary as well as a part of a "self-contained trade the repetition of this false statement com- Italy fail to achieve the decisive success The bulk of those Austrian imports are not sunk and are safe in port, and dition. of Lufiow, Postock, and Albing is admit-
Should the offensive against all the Austrian trade that she wants. ted, in addition to the Pommern and
pela a repetition of the former statement generally hoped for, or should disaster which do not come from Germany consist Frauentol, which were announced in the 6th, viz. "This is false. The complete arms in any other direction, the demand Germany does not possess. Hence the issued by the British Admiralty on June overtake German or Austro-Hungarian almost entirely of raw materials which German official communique of June 1st, list of British losses has been made for peace almost at any price might idea of destroying foreign competition
(Continued on next Column.):
public."
becutno irresistable.
ontinued on sext Columu.)
"While the German list of losses is hereby closed, positive indications are to hand that the actual British losses are materially higher than established and inade public by us on the basis of our own observation. British prisoners state that besides the Tarapite, the Princess Royal and the Birminghem were also destroyed. According to reliable reports the Dread nought Marlborough also sank before reaching port.
"The battle of the Skager Rak was, and reinsins, a German victory, even if the result is judged solely by the losses in ships officially admitted by the British. The total tonnage of German losses is $0.720 tons, against 117,750 tons British losses."Reuter
The Litzuur was a battlecruiser of 28,000 tons, built at Danzig, launched in 1913, and completed last year, armament consisted of light 19in., 14 Her b9in., and 18 34in. guns. She had four torpedo tubes, and a speed of 298 knots. The Rostock was a cruiser of 4 tons, built at Kiel and completed in 1913. She carried 12 4 tin, guns, had two submerged torpedo tubes, and a speed of 29-3 kaots.
FALSE STATEMENT DENIED BY BRITISH ADMIRALTY
The Secretary of the Admiralty, made the following reply
In a German official account of North Sea battle which appeared in the Dutch papers this morning (June 8th) the loss
FORTHCOMING EVENTS.
Thursday, 13th July.
Cathedral.
9.15 p.m.-- Organ Recital at the St. John's Friday, 14th July ----
2.30 pm-Anation of Sundry Ship's Ger At T.K.K. and H. Skot! & Co.'s Godowns.
P. Lammer 10 - New Bandman, Opera & Comedy 916 p.m.-
Co., at the Theatre Royal"Potash and Perlmutter Monday, 17th
THE REAL OBJECT,
At times of crisis it
must be
Bovril
BRITISH TO THE BACKBONE
CHINA MAIL S.S. CO., LTD.
FREIGHT AND PASSENGERS
S.S.
20
CHINA"
WILL SAIL FROM HONGKONG FOR
SAN FRANCISCO
VIA SHANGHAI, NAGASAKI
AND HONOLULU, SEPT. 5-NOV. 11 - JAN. 18, 1917. AN UNSURPASSED HIGH-CLASS PASSENGER SERVICE AT INTERMEDIATE RATES..
Hongkong, 97th May, 1916.
0. H. RITTER, Freight and Fassenger Agent, Prince's Buildings, leo House Street.
(628:
THE AUSTRALIAN ORIENTAL
LINE.
HONGKONG ro PHILIPPINES AND AUSTRALIAN PORTS.
últamer.
SAILINGS (BUBJECT to ALTERATION).
Arrive Hongkong Tere Hongkong from Australia for Australis
in port
20th July.
"CHANGSHA"
These Steamers are fitted with Refrigerating Machinery, ensuring a plentiful supply of Ine, Frass Provisions, ste, and have superior accommodation with Electric Light throughove ad Electzio Fans in the Bite Booms. A duly qualified Doctor is carried. Itedneed from Cargo booked through for all Australian, New Zealand and Tasmanian Ports.
For freight or pasange, apply to
Hongkong, 6th July, 1918,
MARTIN'S PIOLASTEEL
BUTTERFIELD & SWIR TELEPHONE NO 36
Vantah AlWRYE, KIRep & bor of
PINK 18, the homem, so that on the ērgu- "Himaly damn may be admisteisest.
Chromal, Nonthampton Man
MARTIN'S
SAPIOL &STERL MESOUPILLS
THE NEW FRENCH REMEDY, NJ Kɖ2 8«3 19 leading
THERAPIONCURES
ALOOD POISON, SINNBY, BLADDER. URIZANY DISHASKS, : DISCHARGES, WERENIS,VILES, SEEDSTAMP ADDRESS ENVELOVE FOR FREE MOGELTY TO DR, LE CLEEC 1424 BATENSTOCANNAHETEZZAR, LONDON.PNG PARIS DRIVE: 32. MUR, NEW TORE DEPOT: CO, ESKIMASE FOR YOU AQUATI NEW DRAGES (TASTEL FISHWORMOF MASY 10 WAKE
SAFE AND LASTINGCCat
KPACKER
THERAPION
REE THAT TRAKK MARKED ▼
AGUFTI.
+979
KEATING'S
WORM TABLETS
M33 Bengskata Kabag's Worts Tabines furnish a moOR) agreeable mushes of administering the only cerisin encady for Intestinal or Thread Worms. Perfectly sain, solid,
spectally adapted for children PROSTON, PROMÁN KELTIBO
and
ON BALE
A TABLE OF THE
BATES OP EXCHANGE
·AT HONGKONG
KATES FOR SOVEREIGNS, GOLF LEAF, BAB SILVER (From 1900), and other Useful Information.
78-11
in Austria-Hungary is described as
special bargain, but in a general expan mang's sole interest would lie not in any great illusion. It is argued that Ger-
sion and improvement of Austrian trade. DEMAND DRAFTS ON BOMBAY share. Hence it is declared to be utterly English Maile from the Tear of the Cloca and industry, in which Germany would on the Day Preceding the Departure of the the existing tariff rates betwson Germans five impossible to adopt the idea of retaining of the Indian Mints to the Free Coinage or rates, while building up high tariff walls and Austria-Hungary as preferential
wants and must have a world market": against the rest of the world. Germany
FROM 1893 TO 1909 :
she cannot sacrifice her "world-interests enoca; and what she most desires is low to su Austro-German system of prefer duties on her exports both to Austria-
tends to make no sacrifices to Austria- Hungary and to the rest of the world.
Hungary. She considers that Austria- It all amounts to this. Germany in-
Hungary, penetrated" more vigorous- in her grip. She relies upon political Buy than ever during the war, in already
operations, in regard especially to Lion] Racksalen. Austria-Hungary up to the point et ing special commercial agreements with Poland. to do the rest. She is negotiat
neutrals to regard them sa sus generis, which she hopes to faduce the Allies and or, as the Frankfurter Zeitung innocent-
Paron é 51 Casti.
On Bale at the] Daily Pensa
ON SALE,
DOUND VOLUMES of the 2ONGKONG
ly puts it, arising out of the principle BLAKE FRESE JU to DOMES of neighbourliness," and therefore no in rights. fringement of most-favoured-nation 1915 Empas. Price 37.50 3000 determined to recover and to strengthening, 10th March 1918:
It is these rights which she is: Om Bale at the * Homuncho DAILY Pass- at the conclusion of peace.