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THE HONGKONG DAILY PRESS, THURSDAY, JANUARY STM, 1925
THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
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MANUFACTURERS OF
"Victor Metallio." "Dagger," "Quadruple?" and
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·TO-DAY, at 5.15 & 9.15 p.m.
TO-MORROW LAST SHOW, at 5.15 pm. ̈ ̈ FIRST NATIONAL PICTURES
PRESENT
STRONGHEART
The Wonder-dog
IN
“THE SILENT CALL'
7 parts.
SHOWING SATURDAY," JAN. 10TH, at 5.15 p.m. & 9.15 p.m.
NORMA TALMADGE
in her Latest Picture
WITHIN THE LAW"
A First National Superproduction. ADDED ATTRACTION
THE VER-ATILE FOUR Messrs. F. A. Holland, E. P. Hillyard, W. E. Sells and F. W. Peters.
In Selections from their repertoire of Songs both Comic and Sentimental monologues also Mélodies and Rag-time Songs.
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Our Head Office has been moved from Powell's Building, Des Voeux Road Central, to more commodious premises. on the 3rd Floor of St. GEORGES BUILDING, CHATER HONGKONG, (over the offices of Messrs. Shewan Tomes & Co.)
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Heating
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Phone, K. 877.
ANGLO-GERMAN- TRADE. SIGNATURE OF TREATY.
IMPORTANT FEATURES.
[ROM "THE DAILY' TELEGRAPH" DIPLOMATIC CORRESPONDENT.]
The
new
Anglo-German Commercial Treaty and the accompanying Protocol, were signed on December 3rd. They con- tain some entirely novel and welcome features from the British standpoint, and. I gather, will serve as a precedent | and model for fature commercial treaties which wo may rorclude with [ other foreign "countries.
Hitherto Great Britain, as 1 Fres Trade country, and in spite of the value of her open markets to other States, has received in conventions of this kind no better treatment than the traditional most-favoured-nation clause, which, ia practice, was often limited to products rot essentially of prime value to this country, and elusive owing to the minute specifications relating to the products of other countries. In the case of our trade relations with Germany, we depended largely, ns a matter of fact, upon the bi-annual renewal of a general assurance | of most-favoured-nation" treatment
In the present Treaty, infinitely better. terms have been secured for and by Great Britain. This is due to the fact that the British" negotiators have not failed to urge upon their German colleagues consideration of two important fnetors:
(i) Foreign need of British loans and credits, which could be withheld from all nations unwilling to accord fair trent- ment to British goods; and
(i) The potentialities of the safe- guarding of Industries Act and other measures.
A reallation by the Germans of these factors led to the formal and definite re cognition in the present Protocol of what is due by Germany (and, impliedly, by all foreign countries) to Great Britain in return for the free markets she offers to foreign trading nations. It is upon this recognition that the claims of Great Britain to the lowest German tariffs upon all essential British products or groups of products have been based and accepted by the Reich, in a formula which adinits of no loopholes as in the past; whether it question of our woollen and other textiles, of our sports articles, of our motor-cycles. of our spirita, or of similar groups. The ad vantage of this gereral formula is that it is water-tight, although general, and permanent, a character which minuter specifications, as encountered in other treaties and the ordinary most-favoured- nation clauses, cannot be said to possess...
MUTUAL CONCESSIONS,
Great Britain also secures from Ger- many what she did not enjoy there in tac pre-war era-camely, freedom and, at any rate in theory, equality of oppor tunity for her services, such as merchant shipping, banks, marine and other forms of insurance Germany will no longer be able to discriminate in such matters as the emigrant traffic from or across her territory. In return, Germany will ob tain from Great Britain the repeal of all discriminatory legislation against ex enemies, under such beads as banking, merchant seamen, und non-ferrous metals. To Germany this will bring moral as well as material advantages.
The Commercial Treaty comprises thirty-one articles. The Protocol, en- bodying the principles on which the Treaty is based is naturally a duch shorter document.
Regarding the controversy over the 26 per cent. Tery on exports, the British Treasury issued on December 3rd the following statement:-
The British and German Governments have agreed that the practicability of some alternative method to the existing procedure under the German Reparation (Recovery) Act, not involving payments by individual merchants, should be dis cussed by the German Government with the Agent-General and the Transfer Com- mitter, and that the British Government thereafter, if satisfactory arrangements can be reached, will endeavour, with a sincere desire for mutual agreement, to come to an understandity with regard to any modification which does not diminish the paymenta to the British Government."
It will be seen from the above that the British Government, while willing to meet the Cerman objection that at pre- sent the levy operates as a tariff, can- not accept ang periodic lump sum ar- rangement, the amount to be based on the official trade statistics, which might be considered by the Agent-General and the Transfer Committee to be "cash ** payments, and therefore liable by them to stoppage on the ground that it was an excharge operation, or to seizure for the benefit of American "priority in res pect of occupation costs, or Belgian priority in respect of Heparations. Under the Dawes Report the Reparation Becovery Act is assimilated to deliveries in kind to our Allies, and it may be recalled that cash payments are not to be required of Germany during the two initial years.
WEMBLEY'S, GUARANTORS.
If Wembley is closed down this year, call of 20s in the £1 of the guarantees will be necessary, Lord 'Stavenson, chair- man of the Standing Committee of the Exhibition,
states: With an increase of the Government subsidy there in every chance, in his opinion, of the liability of guarantors being reduced, if not wiped Out altogether.
The balance-sheet shows that the Union of South Africa made a frost of £23,000 on the South African Pavilion at the Wembley Erhibition, nearly enough to pay for the contindavos of the pavilion next year.
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January 12th, 13th, 15th, 16th and 17th, at 9 p.m. sharp.
MATINEE
January 14th, at 4.30 p.m.
EXTRA MATINEE Saturday, Jan. 17th, 4.30 p.m.
$3.00, $2.00 AND $1.00 Booking Opening on Saturday. Next for $3 and $2 Seats at... THE ANDERSON. MUSIC CO., LTD.
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DEAREST TEA FOR 20 YEARS.
Headed "Dearest Tea for 20 years," the Daily Mait gives prominence to the fact that top is now more than 6d. higher than in May. It points out by statistics that there cannot be a short age of supply. The paper quotes a broker as saying that tea is now nearly
shilling
dearer than it should be so cording to the law of supply and demand. The Daily fail concludes by stating that the Royal Commission on Food Prices may possibly inquire into the matter.
a
The Expression of Pleasure
***The face is the mirror of the mind,” I read
somewhere, sir, and it is quite true."" When you get a Kensitas for the first time you look at it suspiciously, as it were, sir. Then you light up-after the first whiff your face changes to what I might call, sir, the "Kensitas expression.
Then I can see from your face that you are pleased and satisfied... that Kensitas
LE
ELTC as good as good cigarettes can be."
Jenkyn
· Manufacturers · L. WIX & SONS-Ltd-17486 PICCADILLY-LONDON W., ENG. Wholamila ovdy: DONNELLT A WHITE, DGtributors for Hongkong and South Chica.. 1 QUEEN'S BUILDINGS Tanghoon: Central 636.
Kensitas
the preferred cigarette
THE CORONET
&
THE
WORLD
TO-DAY till SATURDAY®
Another Film Masterpiece
MARY PHILBIN Most beautiful of Screen Ingenies
and
NORMAN KERRY
Filmlands' Handsomest Lover
The Wonderful exotic love drama
MERRY-GO-ROUND
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at
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