Tel. Contral 2313,
THE HONGKONG DAILY PRESS, THURSDAY, SEPTEMBER 216, 1922.
...o. Box 530.
MADELINE PEARSON
AFTERNOON AND EVENING
11
GOWNS
2. Queen's Buildings, Ice House Street
SOUTH
(opposite Café Wiseman).
MANCHURIA RAILWAY
OPERATING ALL Linen South MANCHURIA AND CHOREN (KORIA) EAST OF MUKDEN. "
SUMMER HOLIDAY
RESORTS
CANCELLATION OF WAR
DEBTS.
VIEWS OF FEDERATION OF BRITISH INDUSTRIES
ད
The following has been circulated to the Pross by the Foderation of British In- dustries :-
Public attention has recently been concen- trated uppa the problem of international indebtedness, and in view of the impor- tance of this question to the future of industry the Grand Council of a Federation of British Industries have decided that public expression should be given to the views of the federation, p
Great Britain is owed by other countries (excluding Russia), for moneys loaned to charge for interest and.
an
them, #ana, £1,100,000,000, repre senting fund however, being provides fund is as yet,
1 of, roughly, £70,000,000. Nei- ther interest nor
Countries
Great
the debtor by Britain owe
owes £908,000,000 to the United States of America as a con- sequence of having need British credit during the war for the benefit of these debtor countries. On this debt interest at the rate f, roughly, £30,000,000 per annum is airessly being pait, and an additional annual charge for capital repayment must be anticipated
SOETH MANCHURIA AND UMOSEN. in the near future.
OSHIGAURA.-Firest Seaside Summer Holiday Resort is North China. Fire iles from Dairen bat connected with the city by special motor and sarriage road and electrie framway. Yamato Hetal (15 rooma) and 12 furnished bungalows in charming clif garden. Bathing, Boating, Fubing, Golf, Tennis, Billiards, Orchestra twice a week. Capital alaca for children. OGONDAI-Most beautiful and select Seaside Resort in the Far East. Tw miles from Port, Arthur. Formerly the Summer Resort of the high Russian ficers and officials. Tamata Hotel and 20 villas and bungalows, mostly with detached servants' quarters. Excellent Bathing, Wonderful Scenery, Historic Battlefields, Rained and Dismantled Forts Miles to sharing Walks and Drives. Abundant Picnicing Facilities. Orchestra twice a week
for High-class families. Best place for
Ligh PORT
ARTHUR.-Famous for its two memorable Bieges and its beautiful kadlocked Harbour. Exactly one hour's journey Dairen by express train. Yamato Hotel (15 room) Suficieat place of historical and scenic internet to fill a month with a fresh walk or drive every day. Blost healthy and slibrious spot in the Far East. KONGOSAN.-The famous Diamond Mountain of Kores. A special Summer Resort rivalling Switzerland for climate and scenery. Beautiful peaks and charming cascades Grand recuperative qualities. Korgosan Hotel (10 rooms) at Onseiri and Choanji Hotel (11 room) at Choenri.
All snder the direct management of the SOUTH MANCHURIA BAILWAY CO. Illustrated Booklets and all Information port free a request.
Applications may be sent to the Hotel Managers as the various resorts or to
THE SUPERINTENDENT OF HOTELA, Trade Department, Cable: Add. Mamicten. BOUTH MANCHURIA RAILWAY, Dairen.. Göder: A.B.C.. 5th Ed., Al & Liebers
THE RED HAND.
COMPOSITIONS LIMITED,
LONDON.
Contractors to the Admiralty, India Office, War Office, "Crown Agents for the Colonies, &c.
די
"THE RED HAND BRAND."
Antifouling Compositions for Ships Bottoms, Antiporusive Paints, Ready mixed, for all purposes,
Supplies available from:
DODWELL & CO., LTD.,
SOLE AGENTS.
[1128
153
KONINKLYKE PAKETVAART
MAATSCHAPPY.
(ROYAL PACKET NAVIGATION CO. OF BATAVIA)
THE STRAMBHIP
"VAN OVERSTRATEN
will be despatched to
SINGAPORE & BELAWAN-DELI Direct.
30th September."
1st Class Fare to Singapore :-$100. "
This vessel offers excellent cabin accommodation for, saloon passenger:
Single and double cabins.
Wireless Telegraphy.
For Freight and passage apply to:-
JAVA-CHINA-JAPAN-LYN,
Telephone Central No. 1574.
Agents.
W. S BAILEY & CO., LTD
SHIPBUILDERS, MARINE AND LANDLENGINEERS. Builders of Vessels up to 1,300 Tons; Fast Bteam Launches and Motori Craft of All kinda: Tugo, Barges, Oil Tankers, Light-draft and River Steamére Vesels built and shipped for re-erection abroad.
In plain words, the British taxpayer is the moment shouldering a burlen equivalent to over 1s in the pound on the income-tax, which may rise to over 18. 6d. in the pound as soon as sinking fuad payments commence, in order
to relieve
the taxpayera of the debtor countries from a liability they cannot at present macet.
At the same time, British industry,
taxation falls, 1cing the severest upon which the chief burden of this of the country, depression in the
The companied by an unprecedent rate of unemployment.
debtor
countries less heavily paxed than Great Britain and comparatively fren from unemploy ment, Irave grected, and are erceting, for formidable tarit barriers against the entry of British goods, while their industries, benefiting by a lower rate of taxation, and temporarily at least by the depreciation of their currencies, are becoming increasingly serious competitors of British industry in the remaining export markets.
In such circumstances proposals for further sacrifice on the part of this country should be subjected to the closest scrutiny.
No one supposes that either interest or of capital can be expected from repayment France,
Italy, or Belgium in the immediate fatures Unless it is assumed, however, that Enrupe is bankrupt beyond hopes of re- covery, there seems no reason to believe that this inability to meet their obligations is permanent.
While it is impossible to overrate the immense advantages to this country and to the world which might follow a general readjustment of international indebtedness, it is open to serious doubt whether isolated and premature action by Great Britain could hasten such a general settlement, and there is reason to fear that such action might prevent it,
In this connesian-the reception by the French and American Press of the recent suggestions for cancellation of the French debt in return for a reduction of the Fruch elains on Germany is significant. An almost unetuous appreciation of the generosity of the
is expressed, but there is no Proposals
reciprocal papers express The leuling declare that such an act on the part of Great Britaia-must not be held to involve a
bint
French
crifice of French claims, while Fording
somewhat
similar tone underlies all American comment,
and a Bill providing for the funding of the debts owed by Great Britain, France, and the other Allies to the United States of America has already been passed by Congress.
There are strong indications that, what- ever the effect of a farther experience' of post-war. economic conditions may be, at the present moment public opinion in both America and Europe is not ripe for any general scheme of readjustment and modification
In such circumstances the risk involved in cancelling any substantial portion of the debt owed to this country outweighs any possible advantage to be gained. Cancel debt is not only to throw away our prin-
bargaining weapon in any future set-
Shment, but to ran a grave risk' that that
settlement may never be made, Neither the nation nor industry can afford to gamble on the chance that & beau" geste will evoke a corresponding philanthropy in other countries.
A further postponement of interest pay- ment or even a definite undertaking to defer the commencement of capital re-
for "payments a term of years, might not be too high a price to pay for acquiescence read- by France, Italy, and Belgium in a justment of reparations clains which would enable Germany, under suitable safeguards and supervision, to set her. finances and currency in order. Permanent. cancellation of debt, however, is in different category, and could only be insti fied as part of a general settlement which would afford not turn to normal trading a more rapid re- immediate relief to the British taxpayer and to British industry.
conditions, bat an
The federation, therefore, welcome, the repeated recognition by the Prime Minister in the House of Commons of the dia- advantags to this country of adopting hay
involving payment by
Great Britain Lain of her debts without capasng even- tual collection of the
due to her. They trust that his Majesty's Government will in future adhere strictly to the prin ciples inherent in this declaration and make no further surrender of British rights except in return for immediate counter concessions of definite and substantial economic valué.
When in doubt about your oyes
or your glasses. Consult
CHINESE OPTICAL" CO.
Eye-sight Specialists.
67, QUEEN'S ROAD, CENTRAL,
12#7]
Hongkong.
AGENTS AND MERCHANTE.
We manalssture products that
are said everywhere si profits ranging from 100 to 400 cent.
per
MoBERY PORTRAITS, CONVEY
GLAMIS
SERVING TRAYS, WINDOW GLASS, MOULDINGS, MIRRORS, PICTURE Faxes, OLLOGRAPHS,
PEARL PAINTINGS, HAND CARVED FRAMES, ART FLORAL PLAQUES WITH AQUARELLE PHOTOGRAPES,-OIL PAINTINGS ITC.
OULVER PAN-AMERICAN
EXPORTERS, 238] H. Dix Street, Unisago III, USA,
CUTICURA HEALS PIMPLES ON FACE
Spread All Over Daughter's Head. Had Hair Cut Off.
"My daughter had a breaking out of line pimples on her face and head which in the course of day of two fled with a watery sub- stance, and then when they broke -spread all, over her bead, which ne- cessitated the cutting off of her hair. Alter wrying various remedies with- „put obtaining any results I sent for a fren sample of Cuticura Soap and Ointment. There WAS alight im- provement so I bought more, and after six weeks she was healed." (Signed) David Lawton, 43, Clarence Rd, Hunslet, Loeda, Eng-
Cuticura Soap to cleanse, purl'y and beautify, Cuticura Ointment, to Bolten, soothe and Zeal, are ideal for every day tollet purposes.
• In: Dinémant 1a, Jal. ami ta. Ed. Seld throogbut the Dangles. For sample noch form ad- dron 7.Brber à 100, K46, ST, Gharbor harne kg, Londen, K.,8.). Altofurmalí srders with príes, Can Samp share without mug.
23-14
INDO-CHINA
STEAM NAVIGATION COMPANY, LIMITED. SAILINGS, BUBJECT TO ALTERATION BANGKOK vs SWATOW...
"CHAKSANG” „Thursday 21st Sept, Noon. ISINGTAU vis SWATOW
SHANGHAI
HANDLA TENTSIN
TSINGTAU SWATOW-
& SHANGHAI BANGKOK SWATOW NG A HOIHOW
& CALCUTTA
TSINGTAU vs SWATOW
& SHANGHAI BANDAKAN...
TSINGTAU TA SWATOW
& SHANGHAI
"HOPSANG " Friday, 320d Bept Noca "YUENSANG *. ...Friday. 22nd Sept 8pm.
CHIPSHING ...Monday, 26th Sept, pama
"WINGSANG” .....Tuesday, 26th Sept,
NOCE "DRUFAR"
Tuesday
10th Sept Noca MINGSANG Wednesday, 27th Sept., 8, "FOOKBANG " Wednesday, 27th Sept, Sp..
Thursday,
"YATSBING" “MAUSANG "
"HANGSANG" ..." KUTSANG"
18th Sept., Noum. „Saturday, - 30th Sept, 2 pas.
Sunday,
1st Oct
STRAITS & CALCUTTA ....
Tassday,
3rd Oct
KOBE
... "LAISANG**
Thursday,
..stb Octy
KOBE
“NANSANG"
Tuesday,
10th Oct
Yoos.
KOBE
CALUUTTA LINE ...
**HOSANG
Sunday,
13th Oat
D.L
||
"This Line aforda regular sailings be Culontan, Penang and Singapore; returning from Calgutte steamers proceed via Etralia..
Hongkong to Japan, ooosalinally calling at Shanghai.
All steamers hays" ercallent passenger acosmmodation. Ätted with Electric Lighs and Fans and carry a fully-quals Surgeon.
SHANGHAI LIER -Sailings approziostely everythra days between Cantos and Shanghal, sometimes calling Swatow Through sinkets sem be obtained and through Bill of Lading are Inred Northern and Yangtze Forte via Shangbal.
MANILA LINE :—A weakly service is maintained with Manila by vessela with good passenger accommodation, silings from both ports every Friday.. HAIPHONG LINK-Salingi Approximately weekly for passingers and
calling at Holbow when inducement odara, ir LINE —Fortnightly sallings to and from Sandakam by two 1,000 tama HINBANG" and az * MAUSANG” both steamsET excellent
passenger accommodation. Usrgo mien if OL Lacing for Kxdat Jesselton Labuan Tawse
BORNEO
Billi
through and Lahad Dat
rom March so Novembar · betürnon TIKATAIN LINK—A regular service is run
Hongkong and Tientsin, calling ** Welhalwal and Chefoo BANGKÓK LINE —A wekly service is provided between Hongkong and Bazgzak
via Swatow, by fra "ricamera fisfad with up-to-date pomongne
CALCUTTA
(2
LINE
S. FOOKSANG" will be despatched" en er abest Wednesday, 27th Sept., at 3 p.m., for SINGAPORE, PENANG
`& CALCUTTA.
Through Bills of Lading issæed to RANGOON, MADRAS, PORT
SWETTENHAM and DUTCH EAST INDIES,
For Freighter Fastagn apply tế-
Jardine, Matheson & Co., Ltd.
Fatest Offor)
IGENERAL MANAGKES,
Talaytona Castral No. #15.
MBERLAINS
PAIN-BALM
A LINIMENT
For External Use Only.
BETUMATIS
WEURALIA, SCIATICA,” LAME BACK, LUMBAGO,
*** GOUT, **
| Byestas, Beskings mid Laming
SORE THROAT,
HEADACHE,
MTOOTHACHEN
BACKACHE, Boreness of the
Munchen vo
· Cancel by Violoni Zzorden
PERARED KIT ST
Chanderias Medias Cà,
DES MOINES, IOWA, DE BA
SMALL SIZE
HERAPION N. THERAPION NË2. THERAPIONNG
NEVER AGAIN" WAR.
LONDON-BERLIN DEMONSTRATIONS
on
Demonstrations with the watchword Never Again War" were "held Sunday, July 30th, in 230 German towns. The Berlin gathering took place in the big open space before the Palace and attracted 40,000 or 50,000 persons, a large proportion of whom were little more than boys and girls. The proceedings opened with the simultaneous reading from dif ferent platforms by well-known petora at poem in which the lot during the war of the working classes was very sharply contrasted with that of members of the ruling houses, of whom some very uncom plimentary language was used. As Berlin demonstrations go, this one was not parti.. Speaking at Canterbury, on July 26th,cularly impressive. Perhaps the people of Mr. Ronald McNeill, M.P., said that he Berlin are getting a little tired of demon- objected to the present systern of award- strating, or perhaps they preferred to ing honours on the ground that there were spend, one of the very few fine, WAID no means of rewarding a man who really mornings of this inclemnet summer, some deserved a reward. The late Dr. Bar- where else than in the citre of the city nardo, who had rescued so many waits Timer
MR. E. MCNEILL, M.F., AND HONOURS.
and strays, died without his services "No More War Day" was celebrated being, so far as the speaker kuew, in say by a great demonstration in Hyde Park, way rewarded. Sir Robert Baden-Powell, on July 30th, at which a resolution was who had served the whole world by start adopted declaring hatred of war and ing his famous movements of Boy Scouts pledging support to the movement to pro- and Girl Guides, had merely been given vent war by perfecting international or a baronetcy. Yet men who had made ganization for the removal of causon of enormous fortunes in shoe polish or pilla war, and by developing an international Beller Makers, Founders and Constructional Engineers and Repairers were given the highest honours in our sense of solidarity which would make wor
food.
... impossible.
ON-FIRED TOO-3042 "LION" BUILT BY V. K. BALLET # 00, LED,
GLEN AND
SHIRE
Joint Service of Steamers.
U.K.-STRAITS. CHINA & JAPAN “SERVICE:
Tease! *GLENOGLE" "GLENAVY" "GLEBAPP
Vewal
#GLENADE!
* GLENARIFFE
OUTWARDS.
HOMEWARDS.
Leaves Hongkong
Dae Hongkong 22nd September.
5th October.
5th October,
Discharges"
24th Sept., Goa, Lounow, ANTWERP, BOTYKEDAM & HAMIT26. 18th Oct., GA, LONDCH, Astwier& Hamsuna,
Movements are subject to change without notios.
For treight or further particulars please apply to 1-
Jardine, Matheson & Co., Ltd. The Glen Line, Ltd,
Telephone Central No. 215 mber, 23 and Central $624.
YAMASHITA KISEN KAISHA
(THE YAMASHITA S.S. Co., £, ra.)
REGULAR FREIGHT ♣ PASSENGER, SERVION
BETWEEN
KEPLUNG, HONGKONG A HAIPHONG.
Salling from Hongkong, FOR HAIPHONG via Holkow & Pakho!
si." TAIKWA MARU,”
FOR KEELUNG via Śwatow'k Amcy
6.8. "HOZUI MARU”
For further partïoxlars, Mal
Branch Off
He. Bonham Brand, Work Tel Centre B, 165,
Ash for
Glover's
when you need
DogMedicines
at good stores everywhere
on or about 28th Sept.
on or about 28th Sept.
81 KITARAL
Top Floor, King's Balding, Tal. Central Ho, 140. -.
MARTIN'S
LASTEEL Alodes PILLS
A French Bemády ZOP 631 3776ENAPISAL bousands of kids always keep a bus ad belarstv Piùs in the house, so that on the kreskpa ́at may 211 Cularity of the poets Kindly done mary ke 'admired. Thosa iba tuørthern recommend. Than
bODEROSA Sam All Chassis kod Žinant san than chronghow Low World, E, DAL TING TIN, -MARTIN, Chemist, Beralk KIND LOW. FINE.
MARTIN'S
APIOLESTERL
PILES