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DCL
MARERS
stillers Company LP
EDINBURGH
THE HONGKONG - DAILY PRESS, WEDNESDAY, JANUARY
"D. C. L."
MALT EXTRACT
wyb
COD LIVER OIL Is made from the finest selected Barley and malt- ed with the greatest care on the Company's own premises by the most scientific methods of manufacture.
THE
DISTILLERS COMPANY, LTD.
EDINBUBGE,
Paca Per 1 lb. Jar... Par 2 15. Jar ...
SOLE AGENTS,
GANDE, PRICH & CO.,
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55
19
17
* 50
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SALTED JORDAN ALMONDS, SALTED SWEET ALMONDS & WHOLE JORDAN ALMONDS. In FANCY Class; STRAWBERRY JAM, English Home-Made ORANGE MARMALADE & RED-CURRANT JELLY.
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Mr. NOBODY" (Eps. 16 & 17).
RESTORATION OF EUROPE.
SIR W. GOODE'S PLEA..
-Sir William Goods, who has played a prominent, though unofficial, part in the work of reconstruction in Central Europe,
delivered an address on December 11th batore the No-More-War Congress at Church House, Westminster.
The dominating theme in his nddress was that calling for breadth of vision in the appraisement of post-war conditions in Europe. He entered a plea for con- siderations of commonsense and forbear-
as opposed to the strait laced! methods of
perpetual tribute written constitutions.
ance
and
--Sir Williamsaid, that it seemed to him that the events of the last five years had·· made it quite clear that the system, of perpetual tribute was not applicnble to modefu conditions and: in certain event-
EQUITABLE FASTES
CORPORATION.
BANKING
AN AMERIOẦN BANK.
CAPITAL AND SURPLUS U.S. $9,975,000.
ST,
1925
JUST THE DIFFERENCE
that means so
HEAD OFFICE":
$T, WALL STRIFT,
NEW YORK.
EYE
BRANCHES :
SHANGHAI.
General Banking and Exchange Business. Interest Allowed on all Deposits. Bates on Application.
LONDON AND PAS ADITS. EQUITABLE TRUST Co, or NY.
D. M. BIGGAE, Manager,
ualties might become positively harmful "THE BANK OF CANTON, LIMITED,
to those who endeavoured to exact it. He asked them to recall for a moment In what happened after the Armistice. order to avert the anareby that threaten- ed to follow. on national exhaustion and starvation, the British Government, des pite its diminished resources, was com pelled to provide 22 million sterling in relief loans for Central Europe. The great part of that netry was expended in ex-enemy countries. The United States also provided over 100 million sterling and with contributions from other Powers, the post-war relief loans from Allied and associated Governments amounted ap- proximately to 135 million sterling. With one hand they were paying millions to keep their former enemies alive and with the other perfecting a plan whereby they should exact from them perpetual-tribute.
In those days, he said it was little. short of treason to doubt the practic- ability of extracting Gargantuan sums from nations which had been reduced to moral and economic pulp or to question the probability of their revival under the disadvantage of perpetual bondage. Then came the case of Austria. As President of the Austrian Section, he presented to the Reparation Commission in Paris a report signed by the nine Allied and As- sociated Powers stating it was imposs ible to enforce the reparation clauses. and that Austria would cease to exist- as a political entity unless-external as sistance was provided. The Commission forwarded that report with unanimity to the Allied Powers. After a long and, for Austria. tragic delay, the Powers carae to the conclusion that perpetual tribute, at any rate in this generation, would not work in the case of Austria, and themselves guaranteed for that cour- try a lean of 27 million sterling through the League of Nations. Most of that loan was provided by the people of this country and of the United States.
HEAD OFFICE: HONGKONG
Established 1912,
•
Authorised Capital'.
£1,200,000. £1,078,580 Paid Up Capital Silver Reserve Fund........ $700,000 : Foreign Exchange and General Boak... Ing business transacted.
Interest allowed on
CURRENT ACCOUNTS
"3", per annum on daily credit balances
of over $100.
HAVINGS
4%ananm
DEPOSITS
for 12 months 5% per anram
for 8
for 3 for
on demand
BRANCHES
Canton, Shanghai, Hankow, Bangkok
and New York, LONDON BANK KES
The Lloyds Bank, Limited,
71
LOOK POONG SHAN
Chief kanager,
SOCIETE FRANÇAISE DE
* GERANCE.
DE LA BANQUE INDUSTRIELLE DE CHINE. ETARGISSIMEST FRISCO-CHINOIS, (Lacorporated in France),
5, Chater Road, Victoria, Hongkong.
HEAD QPFICE:
Paris, 74, Bue St. Lazare.
Capital..........
..........Frs. 10,000,000. Reserves............Frs. 10,790,000 Working fand provided by THE BANQUE ÎNDUSTRIELLE DI CHINE: Fra. 50,000,000.
BANKERS: France: Societe Generale, Banque Nationale de Credit, Banque de Paris et des Pays Bas. London: Midland Bank, Ltd. New York: Irving Bank, Columbia Trust. Every description of Banking and Exchang
Business transacted. Correspondents throughout the World.
M. FITZ-HENRY,
Manager. Hongkong, 19th July, 1924.
P. & o. BANKING CORPORATION,
LIMITED..
(INCORPORATES IN ENGLAND, 1920) with which is affiliated TER ALLAHABAD BANK, LTD.
INDIA:
A
HI
£5,000,000 #2594,160 £125,000
HEAD OFFICE
199, Leadenhai Street, London, N.O 3.
WAST LONDON BRANCH:
It might have beca thought that this, coming on top of the many millions in relief expenditure, would have shaken Allied belief in the infallibility or profit of the Treaty reparation system. He be lieved that in this countd the United States it did, but no Con tinent. When it was found that-Ban- threatened with the same gary was plight as Austria the same objections and obstructions
raised. were tenaciously After negotiations lasting a year, the Powers again came to the conclusion that the reparation system could not be put into the full execution provided by the Treaty, and gave their moral and mate rial support for a League loan of about 12 million sterling for Hungariau recon- straction. Most of that loan also was raised in this country. Then, at long last, came the German settlement and the Dawes plan, by which, to quote Mr. Keynes. the reparations bill should be shouldered, in the first instance at least," by Great Britain and the United States." THE FALLACY OF WRITTEN CONSTITUTIONS." | APthokmed Gartral
Busscauno and Fam Up The more he had to do with the LIVE FUND "... Treaties of Peace, Sir William continued, and particularly with the reparation pro- visions, the more he felt that those Trenties had created in effect a written constitution for the greater part of Europe. During his work of preparing! the way in Austria and Hungary for re- construction he found by hard. experience that in those reparation countries there was scarcely any normal function of the State which was not regulated or restrict- ed or affected by the Treaty. So long as the sword of perpetual tribute was not lifted there was no revenue or asset which these States could safely call their own! no serious measure they could freely take affecting the maintenance of internal forder or national defence or for the im
provement of their financial and economic atatus or of their transport by land, Water, or air without reference to the Treaty. The result was not merely to tie the vanquished to the victors' chariot, but also to restrict in many directions the freedom of action of the victorious nations themselves. It was not possible to write a constitution for one half of Europe only. The financial and economic issues of both halves were interlocking, notably in the case of reparation with in ter-Allied debts. The more statesmen and the public realized the extent to which the signing of the Peace Treaties committed Great Britain to becoming party to what in practice was a written constitution for Europe, the more they would resort a restriction which had never been tolerated. in their own domes tic affairs.
It might naturally be asked, said Bir William, if he were advocating action for the revision of the Treaties. His answer was that it would be right; but at the moment not expedient. With the great- est good of the greatest number depend- ing so vitally upon the dawning stability of political and economic and financial factors, he felt that even the evils of the Trentica were for the time being, and for the time being only, preferable to the un- certainty and upheaval which revision at this stage would create.
*Moreover, The added, "we are only just beginning to view our pence-handiwork in common- sense perspective we have not yet ar rived at the point where we can be just."1
"J
14-16, Cookpar Street, London, S.W. 1
KASTEEN BRAWOKES: Bombay, Calcatta, Karachi, Madrau, Colombe Singapore, Hongkong, Canton and Shanghai
The Corporation undertaken General Banking and Bhange Business of every description and in addition in its Branches has &gencies in all the prinsipal Dition of the World,
C. CHAMPKIN,
Manager.
22, Des Voeux Bond Central, Hongkong,
"SAINT JOAN"
THE GREATEST PLAY OF THE CENTURY.
EVENING PERFORMANCES
January 22nd, at 9 p.m. sharp,
MATINEE
January 21st, at 430 p.m.
$3.00, 2.00 AND 1.00 Seats Once Booked Cannot be Changed. Booking for $3 and 82 Seats at
STRAIN
Unshaded lamps, a flickering light;
or cast shadows, are causes
of discomfort which often lead to eye strain and ultimately a visit to the oculist.
EYE
uch
COMFORT
Can be readily obtained by using electric light and correctly de- signed shades. Let the light fall on the subject not on the eye, your eyesight will then be pre- served, and reading, writing, or sewing becomes a pleasurable task. USE ELECTRICITY-the light without flicker or flame.
THE CHINA LIGHT & POWER CO. (1918), LTD.
SHOW ROOM-52, NATHAN ROAD, KOWLOON. Phone, K. 677.
PIANOS FOR SALE OR HIRE
TSANG FOOK PIANO CO.. TEL. naï
HORLICKS
MALTED HI
Pia, Waxomas Bean
PERFUMERY
Manufactured by RIGAUD. PARIS.
1008
LINE
ENBALSAMADO “
**MARY" GARDEN”
*NORA CARINOSAL
MDIULOR MIA"
[* LILAN - BIGAUD '
Obtainable from
·VICENTE ATIENZA,
NATHAN B., KOWLOOM.
The K. 15
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Of all Chemists and Stores.
HORLICK'S
MALTED MILK
HORLICKS MALTED MILK CO SLOUGH, BUCKS. ENGLAND.
EXPANDED METAL
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STORE LIST,
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DODWELL
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achinery Dept.
THE ANDERSON MUSIC
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