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ANCHOR BRAND PURE MANILA ROPE.
✔THE CORDAGE YOU CAN TRUST.”
THE HONG KONG DAILY PRESS, MONDAY, OCTOBER 3rd, 1927.
}
MARINE RUPE
· ESTABLISHED. 1834
KOPES OF ALE
SIZES FOR ALL
TRANSMISSION
OF
POWER ROPE
•
CABLE LAID
HAWBERS
WELL
DRILLING
CABLES
YNCHAUST
ROPE
FACTOR
MANILA
PURPOSES
MADE FROM
PURE MANILA
HEMP
MANUFACTUE-
ED BY THE
MOST MODERN MACHINERY
STOCKS ON HAND OF ALL SIZES ENQUIRIES SOLICITED.{
.
FACTORIES ---MANILA P.1. HONG KONG OFFICE:
KING'S UILDING. TELERHONE OHNTRAL ́3165,
TA 1.3.]
Messrs. KOMOR & KOMOR
10
have pleasure in announcing &
DAYS' EXHIBITION
OF
WATER COLOURS,
PICTURES
by the foremost Artists of Japan
Prices ranging from Two Dollars upwards. The Exhibition will be Open from 9 AM to 5 P.M.
For TEN DAYS ONLY
KOMOR & KOMOR
ART & CURIO EXPERTS.
ST. GEORGL's BUILDING,
Some of these Water Colours will provide EXCELLENT
CHRISTMAS GIFTS.
GENERAL ACCIDENT, FIRE & LIFE
By Appoliment ASSURANCE CORPORATION, LTD. By Appoin
THANK GOODNESS
JAM INSURED!
For, Full Particulars of Accident Insurance, Apply to the Agents-
JAMES H. BACKHOUSE, LTD.
14. Cháyer ROAD (SAD FLOOR)
[4.2^]
After a warm and tiring day-there is nothing so refreshing as
H
QUR TOILET EAU DE COLOGNE.
Very Special Offer $1.25 per large bottle.
Look in at
THE QUEEN'S DISPENSARY,
(Next to Whiteaway, Laidlaw),
22, DES VOEUX ROAD CENTRAL Tel. No. C. 492.
T
DEFAULTING BANKS ENGLISH GIRL'S RECORD.
IN JAPAN.
POSITION OF THE DEPART
MENT OF FINANCE,
MEASURES FOR READJUST.
MENT.
The Department of Finance, anys
CLIMBS KILIMANJORO.
REMARKABLE TEST OF ENDURANCE.
(BRITISH WIRELESS BERVICE)
Ruany, September 30th. An account has just reached Lon.
a woman.
Kilimanjaro has two peaks-Kibo and Mawenzi, the former being 19,595 feet high, and Mawenzi about
BRITISH LABOUR AND COMMUNISM.
APPEAL TO OFFICIAL PARTY
FOR TRUCE
SIGNIFICANT FIGURES, ·
"[TEROCGK ELUTER'S AGENCY.}
LONDON, October 1st. Nineteen Trades Councils and
Labour Parties disaffiliated and dis associated by the National Labour Party, because they declined to Executive of the National Labour expel Communists, have asked the
Party for a truco in order to pre sent a united Labour front at next application of the anti-Communist election. They propose that the decisions bo xuspended until a re- ferendum is takon
It is noteworthy in this connec- Communist Party in Great Britain tion that the annual report of the
shows a morabership of 1,377 com- Browne, also a mountaineer of ex-pared with 10,300 tlust year. perience.
the Japon Chronicle of September don of how Mix Sheila MacDonald, and has published a semi-officialį a 9 year old London girl, has statement, under date of the 20th climbed the great African moun inatant, with regard to the re-ad- į tain Kilimanjaro-the first time justment of the affairs of the banks this feat has been accomplished by which closed their doors in March last. It appears the Department of Finance thinks that the public is labouring under erroneous ideas na to the relations of the Special 2,000 feet lower, Credit Law to the readjustment. Miss MacDonald was accompani- The opinion prevailing, that the re-ed by MF West, a meraber of the adjustment can be effected easily Alpine Club and Major Lennox enough if the Special Credit Law is put into operation, is disputed by the Department, which points out that, although under the law the Government is authorized to laer a loss of 500 million yen, this is for the purpose of restoring con- ditions in economies by helping banks to racet the demands of de positors. The special help cannot be given in cases where it is moral ly certain that even with the help business cannot be resumed. No bank need hope to get assistance whose position is not strong enough to withstand the strain with rein- forcement from the central institu- tion. There are two ways for the closed banks to act. One is to find out ways and means to resume busi ness and the other to re-adjust their balance sheets so as to consolidate with the new bank now under formation.
Consolidation Scheme. The new bank to be formed for conso dating these establishments when their position is at engthened has every reason to be cautious in taking over the business of these
banks.
Mr. West narrates that the party. arrived at Mombasa on July 21st and started for Kilimanjaro, on the 23th. He describes the difficulties of the ascent of Mawenzi and how they found a remarkable and quite distinct natural rock ведатсаве about two feet wide which, with only occasional breaks, led almost to the top of a steep gorge
The party went back the way they had ascended and two days later began the ascent. of Kibo.
They could find no shelter the first night until Our intrepid lady companion" found a care where a rest was enjoyed, in com- fert. Some more miles were cover. ed next morning, but when they had reached a height of 19,000 feet Major Browne was overcome by physical exhaustion and was unable to continue.
BORODIN BOBS UP.
STILL MOVING TOWARDS MOSCOW,
(THROUGH REDTSE'S AGENCY.-
Moscow, October 1st. Udinak in Trana Baikalin
arrived at Verkine. neroplane from Urga en route to by
Borodin
Wa
Moscow. One of the motor-cars conveying wrecked 250 miles
Borodin's staf
from Urga with the result that one was killed and several injured.
- SOVIET TRIALS.
VAIN APPEALS AGAINST DEATH SENTENCES
{THROUGH REYTIR'S AGENCY.]
Moscow, October 1st.
Miss MacDonald was undaunted į and plended to be allowed to finish The appeal for commutation of the ascent. I decided to carry the death sentence on the four says Mr. West, but it was men condemned on September 29th Miss. MacDonald who set the pace has been rejected and the sentence when we started off again. It was carried out
hard climb for a girl but she stuck to it with wonderful grit and eventually we reached the summit.
POSTE RESTANTE.
UNCLAIMED
CORRESPON.
DENCE.
AWAITING AT THE G.P.O...
[Reuter cabled on September 25th-Balmasser, Soleky, Strovo and Samoilov were condemned to death and Vanaderkas to ten years' imprisonment on the 20th inst.]
U.S.A. AND NEW FRENCH TARIFFS.
́ (REUTER'S AMERICAN SERVICE]
WASHINGTON, October lat. President Coolidge. Ens received Assurances from American, silk and The following official list with textile manufacturers that in the regard to unclaimed correspon event of France adopting retaliatory dence, etc.. was issued by the measures they will meet their de General Post Office on Saturday-mands from the domestic market.
F. Alvarez, Atlantic Trading Co.,
The examination of their balance sheets by the Bank of Japan has evoked the criticism that the examination is made on prin- eiples tad austere to be fair to the banks concerned. But this is a mistake. In discharging this task.. the Book of Japan stands on the principle of fair play, and nothing is farther from its intention than to promote the interests of the others. The object of the bank is to assist them indirectly in effect- ing a re-adjustment; it is not or- ganized as a business proposition, pure and simple. Of this the Bank of Japan is fally aware and the central institution is examin- ing the position with due regard to the interests of the depasitors Albeys & Co., Mr. Andrey (c/a involved. It is desirable that the Ideal Milk Co., Major V. Barros, work should be accomplished with. T. Boffa, Raul Bigazzi, E. Bo in the shortest time possible, button, J. J. Booth, E. K. G. Briant, it must be remembered the taak is G. Bonavita, Mrs. F. J. Baily, Miss quite a complicated ens and takes M. Bailey, Mra F. Bagot, A. Bottu: time if it is to be discharged with Chiness Postal Service), D.. Y. the thoroughness it demands.
Caston, D. H. Clarke, R. Cosmo, A suggestion is made that loss Mh. B. Campbell, P. Dayrit, H. should be advanced to these banks A. Eoston. P. W. Fock, N: Fitz so that they may be able to pay the maurice, Miss G. Fulton, J. B. depcsit balances outstanding. This Gathunton, J. M. Gutierrez, H. G. is more easily said than done. ItGeahigan, L. Giles, Miss L. Green, would mean as additional burden Miss P. Guarda, H. Houchen, Th. on them and would certainly take Heyting. J. L. Howe (r.), Dr. J. of the possibility of their being Horst, R. M. Johnson, Jack Kelly, consolidated, though the depositars Mrs. T. K. Kjeltiry (e/o D. W. might be satisfied. Since it would Toelke & Co.), C. J. M. Legendre, leave the bank to its fate it would Y. F. Lee, J. R. Lee, T. Lowther, fly in the face of the object for LV. Lloyd, S. Lillerup, H. A which the Special Credit Law wse Monro, L, W. Malby, Mrs. A. formulated.
Moore, H. K. Middleton, Mrs. E. Macdonald, K. R. Montgomery, G. A. Nowby, Obronpalski (1 tele- gram), Miss Rose Piaget, Capt. B. Pritchart, 8. C. Prettan, Mra
Earthquake. Indemnification. The public do not appear to have a clear-cut idea on the relation of the re-adjustment and the indemni fication of earthquake bills. The C. E. Park, Mrs. B. Parker, R. G. closed banks can hope for the car- Rohrs, Mr. Roddy, W. W. Stark. cellation I their obligations Sant Singh, C. Trucano, Miss E. THIS respecting these bills to the central Traver, Mrs. H. Ward, E. G. Whit institution only when they are con- taker.
sidered as able to re-open. So long
as they are unable to resume bus-
Unpaid Correspondence.
J. P. Biddulph, G. Mack, Munn
ress, they must discharge the obli- Wor Yung, Mrs. Alice Schutt, Wm. gations in the same way as other Welt.
debts. This is the principle that
has been laid down by the Commit-
Registered Articles.
THE
DESIRABLE “STORE
FOR RENT.
IN TIENTSIN.
HE TIENTSIN PRESS, LTD. beg to announce that as they to discontinna their have decided retail book department ön ör about the' Parcels.
31st October zart, they are piepasod Miss Leung Shit Ying, Y. C. to consider offer for the lease of their Ling
modern store.
tee for the Disposal of Earthquake | M. Cherpino, Mrs. R. Gay Cum Blla. When a bank is declared in ing, Antonio Cadiz, M. L. Low solvent it foregoes all its privileges rance, Mrs. E. N. Litvikoff, Mrs. under the law and what the deposi
Madeline Wilson, tors and other creditors may re ceive in satisfaction of their claims will be greatly reduced.
The allegation is made that the Finance Department or the Barik
of Japan explicitly required the
The premises built in 1920, consist closed banks to reduce the payment law. This is doubtful. Liquids of distinctive style, well lighted store of the deposit balances. This is tion takes mush time and the bank with ground foor (pared Terrazzo entirely unfounded. The assets of would go to ruit, in the meantime, Marble) and Baloonies, area of ground banks fail to cover their liabili-which would not be to the interests four 2,055 square feet, and of Balconies ties, and the depositors are thereof those who have claims on it.
Sir excellent display windows, central heating, "specially, scitable for Bank Offices or Store.
fore asked to agree to waive part Alse it must be remembered that a 11,407 square feet, a total area of 3,462 of their demands. It is a form of liquidating back cannot have its square feat. co-operation and must he settled privileges assured under the Earth- between the parties concerned. quake Billa Disposal Law or the Neither the Finance Department Special Credit Law. zor the Bank of Japan has any In conclusion it may be added renson or desire to dictate. Of that the best and quickest way for course it is needless to say that any effecting a re-adjustment of the understanding on the matter be-affairs of the closed banks is for the tween the parties concerned will bank officials to set in good faith expedite the re-adjustment.
in endeavouring to antisfy the do positors and other creditore, for The Effect of Liquidation." It is said that the principles on
the directors to surrender their which the closed banks are drawing positors to show a self-sacrificing
private property, and for the de up their re-adjustment plans are spirit. This will sure the benefits obviously against the interests of obtainable from the laws relating depositors and that it would be bet to the earthquake bills and special ter to effect liquidation under the Credits and prompt payment of the
[[Continued" on nézt Volume.) deposit balances.
For particulars and plans apply:
TIENTSIN PRESS, LTD.,
181, Victoris Road, TIENTSIN.
NORTH CHINA. -
[6340
IT THE
QUEEN'S
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TO-DAY ONLY Orchestra at 5.18 & 9.20, Chinese Interpreter at 2.30 & 7,15.
A COMEDY OF HEARTS AND THRONES
THE LOVE TOY
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COMING TO THE QUEEN'S THEATRE.
MARTIN'S
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Chemists and Stores sall them throughout the world, Proprietors MASTIR, Chemist, Soulkenuten, - Raglant,
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