TRADE BANK FOR THE EMPIRE.
̈£10,000,000 CAPITAL. FARINGDON COMMITTEE'S REPORT.
THE HONGKONG DAILY PRESS WEDNESDAY NOVEMBKE 1st, 1015.
___________ INTIMATIONS
HELL" ON THE SOMME,
**HOW LONG CAN THIS
SLAUGHTER LAST?".
The Military Correspondent of the Frankfurter Zeitung devoted himself recently to explaining the terrible character of the battle. He said that the fighting is almost continuous, and that the pauses are only such as are necessary for the hasty preparation of new attacks. He proceede I : --
HOW GERMANY GETS FOOD.
ARRANGING FAKE SEIZURES IN
THE BALTIC.-
DEMAND FOR PREVENTION.
Germany has not exlinusted her means of getting food by underhand deals; and it behoves England to keep an eye on one particular method, concerning which the Swedish courts and the Stockholm and Copenhagen Press are just now un- earthing some striking facts, says the Stockholm correspondent of the Breuing Standard. This is the system of ar ranging fake" seizures of steemers carrying cargoes of the fond products which Germany most needs. The system is as old as the war and has already engaged the English Press. but it is not dead, and cannot be as long as it is carried on to the enormous profit of pri- vate individuals and with very little These fake" seizures are of tremend- the people at home cannot recognize Jous importance for Germany's supply of with suficient gratitude. It must be re-food and other products necessary for peetod again and again that the moral the carrying on of war. The actual effects of these orgies of the most modern numbers of arranged seizures is not great, science of destruction are perfectly hor but from the German standpoint a single rible for those who take part in them. ship's cargo secured through connivance All ideas of "the fresh and joyous with shipownets or cargo-consignees is buttle in relative security, regard the events minor smuggling done vid the Parcels are the phrases of people who, fifty times more valuable than all the with a misplaced imagination. soldiers who are fighting are in hell, and German frontier, or by false declarations The Post, by night operations on the Dano the sayrifices which they are making for of contents of boxes and bales. their country are gigantic.
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Important recommendations for the furtherance of British trade and manu- factures are made in the report to the President of the Board of Trade by the Committee on Financial Facilities for Trade. The chief point of the report, issued as a White Paper (Cd, 8346 1d.), The attack of the French is consider- is that a British Trade Bank," con ably hotter than that of the English stituted under Royal Charter, should be But both employ a crushing superiority established to fill the gap between the of artillers, ammunition, and attacking home banks and the Colonial and British infantry against our lines. The viclence foreign banks and banking houses, and of the material effect of the prolonged to develop facilities not provided by the drum fire" is just as great as the present systems. The main features of the Trade Bank should be as follows:-
moral effect. If in such circunstances (1)It should have a capital of the attacking enemy in part cannot ad £10,000,000. The first issue should be vance at all, and in part advances only from £2,500,000 to £5,000,000 upon quite slowly, or indeed at certain places which in the first instance only is thrown back again by counter-attacks, risk. small amount should be paid up, but that is a success for our troops which which should all be called up within a reasonable time. A further issue should be made afterwards, if possible, at a promium. (II)-It should not accept deposits at
call or short notice. (III)-It should only open current
accounts for parties who are propos ing to make use of the overseas facilities which it would afford. (IV.)-It should have a Foreign Exchange Department where special facilities might be afforded for dealing with bills in foreign currency.
NOTICE. (V.)It should open a Credit Department
The modus operandi of fake seizures desiring to leave the Colony should apply NY EUROPEAN, Non-Asiatic or Indian for the issue of credits to parties att home and abroad...
is simple. The persons vio do the deal (VI.)—It should enter into banking agency
with the German Admiralty may be in writing for permission to do so to the Captain SUPERINTENDENT OF POLICE, at least arrangements with existing Colonial Somme battles is "How long can this either ship-owners, cargo-owners, or out 48 hours before the intended hour of departure. From a purely mili-side individuals who know the steamer's giving name, nationality, age, sex, height and tary point of view the only answer that cargo and movements. In the second occupation of the applicant, and stating the can be given is that it will last until case the cargo is sold to Germany at a
name of the steamier or other vessels or the hour our enemies abstain from fresh sacri-higher price than the consignee paid for of the train by which the applicant wishes to fices, recognising that their successes Grot, and the
scizure is necessary leave. Applicants should apply in person for
the Somme, he continued:
After reference to the gains south of
The perfectly natural question which one hears so often with regard to the slaughter laat ? **
A. SWEDISH SEIZURE" TRIAL.
TABLEAUX 5.30 PM. Tickets 81.00. Toys and Fancy Artioles, Ices, Swoots, Tea. Lucky Well, Tulip Garden, Maypole Dance.
"NO CHITS TAKEN.
JUST RECEIVED RESH Supply
"If you have not tested this Whisky do it now."
H. RUTTONJEE & SON.
16, QUEEN'S ROAD.
[1203
JAVA-CHINA-JAPAN
LIJN
FROM
ON OR ABOUT
REGULAR FORTNIGHTLY SERVICE BETWEEN JAVA CHINA AND JAPAN.
DXFSITED WILL LABAVA
ON OF ABOUT
YOR
ÉTEAMER
[1318
or British-foreigu banks, and where such arrangements were made it should undertake not to set up for a specified period its own branches or agencies, It should have power to set up branches or agencies where no out of all proportion to their sacrifices. merely because the cargo consists of ex- their passes at the CENTRAL POLICE STATION British-foreign bank of importance It is natural consequence of the port forbidden goods, as in the England between the hours of 9 AM to 1 P.M. and 2.P.M. exista.
energy of the enemy's conduct of these, or because it consists of goods let| to 4 F.M. daily. (VII)-It should inaugurate an Informa war that this renunciation of fresh pass by England on the assumption that
tion Bureau..
sacrifices will not be made until the bulk they are destined for Scandinavian (VIII)-It should endeavour not to of the ammunition has been shot away consumption, bot
interfere in any business for which and dangerous gapa have been made in existing banks and banking houses the immense supply of men of which the now provide facilities, and it should Entente disposes. That a very long time try to promote working transactions on joint account with other banks, will be necessary for this is explained and should invite other banks to by the fact that we have to fight against submit to it new transactions which the whole world's manufacture of arms owing to length of time, magnitude, and munitions. Our armies are holding or other reasons, they are not pre-the, whole front in the West and by far pared to undertake alone,
the greatest part of the Russian front (IX)Where desirable, it should co-from the sea to the Dniester, and they
operate with the merchant and manu- are supporting our Allies in the Carpath facturer and, possibly accept risks ians, in Transylvania, in the Dobrudja, upon joint account.
and in Turkey: The achievement of our people is immense, and in these circum- stances not to be beaten is in itself in immense success.
(X.)-It should become д
centre for Byndicate operations, availing itself of the special knowledge which it will possess through its Information Bureau,
(XI) It should receive Government
assistance,
The ship scized may either be an over. sea ship which presumably has passed British inspection, and is due at a Scandinavian port; a ship from Scandinavian port with goods for Rusat, via Finland; a ship trading between two. Scandinavian countries; or a coasting ship which does not necessarily keep within the three-mile limit.
The cargo owner or other guilty party simply informs Germany's agents or the German Admiralty of the ship's exact movements, and Germany does the rest
of FLOWER
FEGETABLE SEEDS,
AUG
GRACA & CO.
No, 4. WYNDRAM STREET
1918
DEFEND YOURSELF against the ills of Constipation by the Decasional use of
PINKETTES
The classis case of the England's seizure has now been decided by Stock holm courts. It casts a bright light on the system. The England was bound: From Rosario to Stockholm, with a cargo of wheat, hran, and maize, nominally consigned to a Swedish agricultural union. She put in fires at Gothenburg, the dainty little gentle as natury laxatives where part of the cargo was discharged, which assure daily regularity, cure and then left ostensibly for a Stockholm bilioneness, torpid liver, sick headaches, port. A German destroyer was lying in foul-smelling breath. Of all chemists, or waiting off the Drogde Lightship at the from Dr. Williams Medicine Co. se, Baltic entrance to the Bound, and the Szechen Road, Shanghai, 60 cents the she was scized, and taken first to Swine- day after the England left Gothenburg phial, post free. muende, and then to Stettin, where the greater part of the maize and some of the German Admiralty. After negotia tions part of the 1011e was reloaded, but 1,848 tons were kept.
GERMAN HIGH COMMAND The members of the Committee word!-- * AND THE “TANKS." Lord Faringdon (Chairsian), Mr. B. P. Blackett, CD. Bir W H: Clark,
*AS CRUEL AS EFFECTIVE." K.C.SI, C.M.G., Mr. F. Dudley Docker, O.B. Mr. Gaspard Farrer, Mr. W. H, N. Documents taken from prisoners prave Goschen, the Right Hon. F. Huth beyond a shadow of doubt that the Ger Jackson, Mr. Walter Leaf, the Hon. A. H. man High Command on the Somme front Mills, Mr. J. H. Simpson, Mr. R. V. views with extreme anxiety the irresist Vassar-Smith and the Hon, R. E. ible Anglo-French offensive. An instruc Beckett. Mr. Gaspard Farrer did not tion marked Private," signed by the
After expressing the view of the ComChief of the Staff, Third Group Armies, the bran were discharged “by crder of
and dated September 14th, addressed to mittee that there exists to a considerable the Commanders of the various units, exleat at the present time in Great remarks- Britain, the machinery and facilities for the finance of lone trade and large Oversea contracts and for carrying through much of the business which has been done by foreign banks, the report of the bombardment or the violence of small joint stock company, separate
sign, the report...
887-03
The Stockholm police first suspected MITSUBISHI GOSHI KWAISHA the importer. Olle Ohlsson, had started connivanco owing to the discovery that
The General reminds you that every" unit attached must hold its ground at whatever coat, whatever be the intensity the shock. It must defend itself to the last in not co-ordinating many of the facilities man rather than yield an inch of ground mentioned. It says
Any officer lacking the authority to make We recognize also that the British his men resist to the death will be liable manufacturer may be frequently in to Court-martial, want of finance of a kind which
The enemy, in the latest fighting, British Joint Stock bank with have employed now engines of war Liabilities rookl aot prudently procruel as effective, No doubt they will vide, whereas the German banks in adopt on an extensive scale these man particular seem to have been able to strous engines, and it is urgent to take afford special assistance at the inception whatever measures are possible to acoun-function was to cable to Copenhagen. of undertakings of the most varied teract them." description, and to have Inill themselves
out for stimulating their promotion and "Tanks" in one Balbi, which passed There was a French forerunner of the for carrying then through to a successful fairly successful tests before Napoleon completion. We conclude, therefore, that the Third in 1800. It consisted of a them is ample room for an institution heavily armoured eur, driven by steam, which, while not merfering unduly with bearing two guns. An additional protec the ordinary business done by the British tion was provided by a wonderful re Joint Stock Banks, by Colonial Banks, and by British-Foreign Banks and Bank: yolving scythe, which was intended to ing Houses, would be able to assist mow down any of the enemy's infantry British interests in a manner that is not which got close up, Napoleon the Third possible under existing conditions:
appears to hava treated this invention as Napoleon the First treated Fulton's
teamboats-Times."
COMMERCIAL INFORMATION BUREAU, Buch an institutioni conld also take leading part in the inception of trans actions and assist in connection with the machinery of overseas business.
deal; and they later unearthed a whole telegraph correspondence in code between Gothenburg, Stockholm, and Copenhagen. Meyer, a reserve lieutenant. In court it With Ohlsson was put on trial a certain was proved that Ohlsson sent Meyer to Copenhagen to arrange the seizure." with Germany; and that he appointed. a third party at Gothenburg whose
about the steamer's movement.
The court found that Ohlsson and Meyer This trial has only just concluded. conspired with Germany for the seizure. and confiscation of the cargo. It fineti each 2,000 crowns and a further fine of marly 500,000 crowns, the value of the lost maize.
"NO REAL PUNISHMENT."--
caa
(Merauntime: Go),
COAL DEPARTMENT.
Ma
TAKASHIMA,
BOL PROTETORS OF
OCHI MUTABE NAMAZUTA, SAYO KANADA, 18HIDAKE, TOSHINOTANI HOJO, SHINNEW. KANIYAMADA, BIBAI
"AND" OZUBARI COLLTERIUS. AGENT FOR SAKITO COL
HEAD OFFICE MARUNOUCHL, TOKYO.
BRAWON OPTIO-:-NAGASAKI, MOJI, KARATSU, WAKAMATSĒ, OLED, 98AKA, KUKE, TOKYO, YOKOHAMA, MURORAN. HAKODATE, KOBE
NAGOTA, TSURUGA,VLADIVOSTOCK, HANKOW, PEKING, LONDON, NEW HAIPHONG and CANTON, TORK, SHANGHAI, HONGKONG,
Cable Addres‘IWABAKI~ Couse-A), ABC 51⁄2- L Westnen Union and Basiley's
Agencies***
CHINKIANG-Mossza: Granowo & On, MANILA-Mons: MacownMax & Co. SINGAPORE-Meurs. Bexxmo Do. Izo GLASGOW Mnazis, AR
Brown, MOFARGERS & Co. Iơn,
For Partieniars, apply to
E. KATO, Manager,
No. 2, Fedder Biress Hougkong) fate
In spite of this thundering. âne, there no real punishment for the offence itself. The penalties were imposed merely for violating the Swedish Export Prohibition Ordinance of August, 1914, which forbids the export of maize; and the prosecution won only on the technical The institution must be equipped with of the trade and characteristics of the point that as the England had touched an up-to-date information department country. Such clerks might in many at Gothenburg the maize had been and this will of necessity play & large cases sever their connection with the formally imported into Sweden and part in its usefulness and financial banks to which they were appointed and could not be re-exported. The judgment success. This might properly be called s start in business on their own account made plain that if the steamer had not Bureau d'Etudes, independent of the They would, however, probably look upon touched Gotherburg Ohlsson and Meyer Commercial Intelligence Branch of the the institution as their Alma Mater,' Board of Trade, but in close touch there Every endeavour-should-be made to pro-law is that a citizen, unless he infringes could not have been punished; so the with and under agreement entitled to all mote esprit de corps, and where excep possible facilities. That such a bureau is tional ability is developed, it should be export prohibition or defrauds some essential has been made abundantly clear ungrudgingly rewarded. If industry private interest, arrange with by the evidence given by witnesses we have to be extended, it is essential that British Germany what seizures
he likes, heard and also by the evidence given products should be pushed, and man-
Thero is reason to Believe that the before other Committees. It would not facturers, merchants, and bankers aust perfect epidemio of seizures of Scandi one had made any complaint; no con-- necessarily deal only with schemes in combine to push them. It is believed that navian vessels in the Baltic which raged signee of the cargo has been discovered, which the institution proposed to take this pushing could be assisted by the at midsummer is due in part, to conni- and no one has ever soon a copy of the financial interests, but might be made a Creation of a body of business young men vonOT, The Scandinavian Press day bill of lading centre for investigation of projects on in the way above described,
after day asked innocently what Ger behalf of others and a considerable Government to undertakings in connee with shipping, had she not enemies ping has many equally mysterious "If financial assistance is given by the many meant by waaton interference revenue might be obtained thereby.
German interference with Danish ship- Nearly sa important as the board tion with what are known as key enough, and so on. Suspicion is caused features. Some months back a Danish would be the general staff. It is fair to industries, the business should, if by the fact that in some caste owners of ship ostensibly bound for the Swediaka assume that women will in the future take possible, be done through the median of cargoes made no protests and took the port Oxelosund was stopped and taken a considerable share in purely clerical work, and this fact will enable the In the financial operations of the that oven the markedly pro-Germanstroyer. In this case also no complaint
soitures calmly, and this has gone so far into Binomuendo by a German de institution to take fuller advantage of the institution the desirability of assisting Svenska Dagblad has begun to point to was made; and the Danish Press declared qualifications of its male staff to push ita British trade and of placing with Britiab suspicious casca affairs in every quarter of the globe, new undertakings should be always borne ander the beading An Arranged claim was that the stesses was really
manufacturers orders in connection with The last suspicious
High in that there was doubt 24 to who was the Youths be engaged
cap, described consignee in Oxelosund The German language qualification, and after a few in mind, og opinion that are Serture 1 concerns the steamier Prince bound for Boumo in Finland, and that years training they should be sent
We are of
opinion that there a abroad. It could probably be arranged formed without delay, so
strong reasons why the bank should be Swedish part of Trelleborg with very cases in which there is absolutely no Feldemar, bound from America to the it carried contraband. There are other that associated banks abroad would agree
that pro employ at each of their principal miraries may be completed before the farge cargo of oilcakes one of the pro suspicion about the good faith of either branches one of the institution's clerks, constituted upon the shore bases, with go the Prince Faldemar, nsa seind by bat in which seizure was probably war is over. We believe that a bank ducts Germany badly want. A month the shipowner, exporter, or consignees a not necessarily to remain there for an efficient management should not only be a German warship at the entrance to the arranged by outside parties who gave indefinite period, but to gets knowledge a great boon to British trade but should Sound, but three weeks afterwarde no Germany the facts necessary to prevent
(Continued at foot of next Column)
(Continued at foot of next Coman.)
the ship's escape.
the
institution.
prove a commercial success
are
DEMAND FOR PARVENTION,
TJITAROEM... SHANGHAI
• TJILIWONG .... KOBE
TJIBODAS
3rd Nov.
6th Nov,
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JAVA
Bib' Nov.
JAVA & MAKÁSSER
TJIKINI...
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JAYA
134b Nov.
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KOBE
11th Nov.
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SHANGHAI
• Wirelem Telegraphy.
The Esemisses are all fitted throughent with Eleotris Light and have socommodation tor
• Hmited mamber of Saloon Passengers, All steamers carry a duly qualifed surgeon. Cargo taken at through rates to all porin In Netheftands India and Australia,TM*
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98
KARIMOEN" 8.8. “TJIKEMBANG”
9.8. "ARAKAN » 8.8.
TJIBONDARI"
11th November.
12th December.
1917
11th January,!
11th February.
The Blesmers have at 00 amudation for limited number of Saloon Passengers and carry daly quailled surgens
Cargo taken on through Bill of Lading to all Overland Pointe in the United Stater af America and Canada.
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194
ORIENTAL
HONGKONG TO PHILIPPINES AND AUSTRALIAN PORTS, SAILINGS (SUBJECT 10' ALTERATION},
Loads Hongkong. for Australia,
Blenmer
TAIYUAN
Lenres Hongsonj for Australis.
lat Nov,
6th Nov.
This Steamer is Atted with Refrigerating Machinery, ensuring a plentiful supply of Toe, Fresh Provisions, sto, and has superior accommodation with Electric Light throughout sed Electric Fans in the State-Booms. A duly qualified Doctor is carried. Hedused" d'Aro, Cargo booked through for all Australian, New Zealand and Tramanian Porta
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lifting up to 100 Tons.
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