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THE HONGKONG DAILY PRESS THURSDAY, AUGUST

THORNYCROFT

JOHN L THORNTUROFT & CO., LIMITED.

SHIFRUILDERS and EngineIES,

London, Southampton and Basingstoki,

Shanghai Office: 10, Kinkiang Road.

15 B.H.P. 30 B.H.P. 50 B.H.P. Engines in Stock

For quotation apply-

SHANGHAI OFFICE.

MACKINTOSH'S

ANNUAL SUMMER

SALE

COMMENCES

UG. 27th.

FOR ONE WEEK ONLY.

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BY

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APPOINTMENT

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#5mm; 1941.

A PARIS PEACE CONFERENCE REVELATION

THE SHANGHAI MUNICIPAL ANGLO-JAPANESE ALLIANCE.

SALARIES COMMISSION. RECOMMENDATIONS REGARDING

RETIREMENT AND SU

SUPERAN NUATION

The Canton taformation Bureau has issued the following statement prepared by Mr. Eugene Chen, who was a Southern member of the Chinese Delotation to the In a Report to the Municipal Council Fence Conference at Paris in 1919 of Shangbai the Coumission appointed speech in the House of Commons, it is Raferring to Mr. Lloyd George's recent to consider the salaries paid to the sestructive to note that the "gealleman vants of the Council, make the following argument which he advances in favour of recommendations regarding retirement renewing the Anglo-Japanese Alliance is, and superannuation:

·Retirement-One of the important faa- same argument that he advanced it a in sense and almost in terms, exactly the tors which your Commission had to con- meeting of the Council of Prime Minis sider in this respect was the fact that ters, generally known as the Council of without some definite arrangement in this Four, in favour of Japan's claim to suc mattor, stagnation in promotion in inevit ceed Germany in Shan able and causes justifiable disatisfaction.

Shantung. Your Commission desires to "raend:

P

rocom-

Begi

ARGUMENT. to the message carried by Mr. Lloyd George stated that That on attaining the age of 55 years of the tursing factors in the war. "Shall Japanese help in chasing raiders was one an employd be retired with the superaait ho suggested that we now say to the nuation benefits to be hereinafter recom- Japanese Thank you, for standing by us mended, always providing that the Coun in trouble, but we won't need you any cil shall have the right to retain an em longer. ploys services after 58 years of age, for behave in business The British Empire Good-bye1 Would anyone 50 further terms, so long as the employd is must behave like a gentleman. retired at the age of 60 years.

Superannuation-The Commission has taken note of the present conditions under which the Council provides for the superannuation of its employe's, whereby the employé contributes five per cent. of his or her salary monthly and the Coun- cil ten per cent. the sum so obtained bearing interest at six per cent. per an- hum, compounded semi-annually.

At the meeting of the Council of Four referred to, which took place at Presi dent Wilson's House Place des Etats- Unis, Paris, on Tuesday, April 2nd, 1919, at 4.30 p.m., the Chinesa delegate asked for a settlement of the Shantung question in terms of justice that circumstances had so altered as to and pleaded render unenforceable the Secret Agree ment, dated 18th February, 1917, whereby hereunder. your Commission accepts theed the British Empire to support La arriving at the findings set forth Me Lloyd George's War Cabinet had following principles: -

The Superannuation Fund is not to be regarded as the sole provision for 'an employe's retirement, but rather as an augmentation, of personal savings And in this connection this Commission is of opinion that the salaries recommended and benfits referred to in its earlier re- port are sufficient in themselves to enable the employe to make such provision for retirement as would have to be done by many employes outside the Municipal Servia-as will permit him, with the assistance of superannuation benefits, to live on retirement, in reasonable com fort.

elaim to succession to all German justined the agreement on the plea of rights in Shantung. Mr. Lloyd George military necessity. His reply is recorded by Sir Maurice Hankey, Secretary of the in the Official Notes of the meeting, taken Council. A copy in the American State Department or the of these Notes is on file department or body in possession of the archives of the American Commission to Negotiate Pence. The following extract is quoted textually from a copy which I secured in Paris in 1919-

..the

"Mr. Lloyd Georgo Bald engagement that had been entered into with Japan had been contracted at a time when the support of that country was urgently needed.

He would not say that the war could not have been won without that support But he could say that Kiaochow could not have been

captured without Japanese-sup- port. It was a solemn treaty and Grest Britain could not turn round to Japan now and say

All right, thank you. I thank you very much. When we wanted your help, you gave it, but now we think that the treaty was a bad one and should not be carried out."

It is further desired to emphasize the Commission's opinion that, in consider- ing the amount which should at the date of retirement have accumulated for fan employé in the Council's Superannua tion Fund, it should be borne in mind. that the object of the Fund is to vide au income for the employé after retirement. In the Commission's opinion the correct method of stablishing the amount of an employs a superannuation benefit is to consider the income to be derived therefrom by the purchase of an annuity, rather than the considerably smaller return to be obtained from the Bame sum invested in first-class securi-gested by Mr. Lloyd-George, which moved Japan to go to the assistance of Great Britaia during a critical phase of the

ties,

interpretation of the Alliance" as sug DIPLOMATIC BLACKMATE. This reply proves that it was no "loyal

A further consideration which has war. The opposite is the truth. weighed with the Commission in formulating the recommendation set out ad to assist Great Britain only below is that in other services, where sub-Japan's claim to replace Germany in latter had promised to support stantial ponsions are given to retiring Shactung. emplois the salaries compare unfavour exacted in circumstances

And the British pledge was ably with those of persons of equal Japan to dictate her terms.

which permitted ability outside such services, a similar might, describe the transaction as an set A realist state of affairs does not exist in the of diplomatic blackmail. Shanghai Municipal Service.

In this connexion, attention must be The Commission is of opinion that the re-directed to a grave statement ninde by present system of contributions to the the Premier of Queensland when he visit Buperannuation fund and the interested London in the summer of last year: paid compare satisfactorily with the rates "The story of Japan's faithfulness to the of contribution to other superannuation Allies during

funds in Shanghai which have been Review of Rtilities," he wrote in the

commenced in recent years," and are ade quate and satisfactory, and they desire to recommend that no change be made in the

same.

For the purpose of encouraging thrift, however, the Commission recommends that employée should be allowed, if they swish, to contribute up to a further five per cent, of their salaries to fund, bearing interest st the same rate, the but without any increase in the rate of the Council's contribution.

Trust Funds. While accepting the fact that the whole of the Shanghai Muni cipal Council's assets, are available as against any liabilities incurred by the Council by reason of the Superannuation Fund, the Commission would recommend that the Trust Funds in connection with same should be specially earmarked for the Superannuation Fund; that all liabilities thereunder should be covered by investments spread over a sufficient umber of first-class securities.

the

Conversion of Contributions to Superannuations

been praised from every platform; but for June, 1920. has who has put the other side of the case, or told of the quid pro quo which she, de manded; or worse still, of the actual altimatum to Australia, whilst the war

was in progress?

A

German rights in the Pacific and in

LESSON IN CYNICISM. This must also be noted. While absolute Africa have been transferred to Japan and others in trust under the Mandatory System, Chinese sovereign rights Iraard by Mr. Lloyd George to Japan outright. only to Germany have been handed over And though the eventual entry of China into the war on the side of the Allies] legally and morally altered the situation in which the Secret Agreement relating to Shantung had been made, Mr. Lloyd George insisted that British honour de manded the enforcement of an agreement which diplomatic force

extorted in circumstances of sacrificed vital Chinese interests.

majeure, deliberately A Chinese may be excused the sugges tion that such a striking demonstration of British good faith would not prove to British interests instead of Chinese righta bo another inspiring lesson in cynicism if had been sacrificed to England's loyal ally.

Fund.-This Commission desires to re- commend that the privilege should be granted the employ of electing whether the amounts horafter paid into the Fund to his credit (his own and the Council's It is essential to a complete under- contribution) should be kept in Sterling standing of this question to add that by or 'Silver..

For this purpose an employé should be of China and Japan, signed at Peking a Treaty made between the Governments required to give fourteen days' notice on May 25th, 1015, the Chinese Govern to the Municipal Treasurer before the ment engaged to recognise all matters commencement of each semestral period, that may be

Government and between than

upon tions to the Fund on his or her behalf. Government respecting the disposition of during the eating six months, converted the rights, interests and concessions into Sterling or maintained in Silver which, in virtue of treaties or otherwise, Conversion into Sterling, when this is Germany possesses vis-a-vis China chosen, should be made on the day of We suppose that there are few Treition relation to the Province of Shantung." the month on which such contributions become due, viz., the last day of the with China which Chinese politicians month. Conversion into Sterling should would not say were "extorted in circum- be final and no reconversion into. Silver stances of diplomatic forez majcure. should be allowed Interest on hums 60

ED, H.D.P.) converted into Sterling should be at the rata of five per cent, per annum, com- pounded every six months.

Withdrawals. The Commission regards for both reading and distant. In the are the most perfect double focus glasses the existing system of permitting em ordinary bifocal lens, the segment or ployer to withdraw the schounts standing part for reading is cemented to the dis at their credit in the Superannuation tant, lens, raising the segment abore the Fund on the completion of fifteen years surface of the main less. The segment service na liable to defeat the end which and the line of union are always more the Fund was originally designed to

KRYPTOK LENSES

serve, and, having this in view, desired to le noticable. La Kryptok lene, no recommend that this prac

practice be discontent is used, but the reading segment that by its Commission is of opinion the main lens, while the whole leasi tinued. The

is electrically fused in a depression in to Buperannuation Contribution desired focus. Kryptok lenses of say

of "

ommendation under the

of

heading

ground smooth on both aides to the facilities would be accorded the emplo prescription in either regular or Torie for conversion, and that, therefore, no form are manufactued by the Hongkong money should be paid from the superan- Optical Co, saccessors to Clark & Co., nuation Fund to an employé until his Optical Prescription Specialista, located service with the Municipal Council ter- in 13, Queen's Road Central. ADYY, minates.

THA

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