"Martha, have you noticed the long lists of prominent people who arrive and sail on the President Liners? Practically every body I know travels on them. And if you have even as much as been aboard one of the Liners, you can well understand why they are so extremely popular." Weekly Trans-Pacific Service
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Pres. Grant.Tues., May 22, 11. Pres Lincoln ...Tue, May 29th Pres. Cleveland.lues, June 8th - Pres. Madison Tuen,, June-12th Pres. Pierce Tues., June 19th Pres. Jackson ...Tues., June 28th- Pres. Faft. Tues., July 3rd Pres. McKinley Taba., July 10th £120, 112 Special through rates to Europe vis United States, Direct connections with all Adiantic lines. Choice of rail lines Rcross United States and Canada, liberal stopover privileges for sight-seeing.
Europe and New York Direct
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Fortnightly sellingy on Sunday wls Manila, Strait, Colombo, Suez Canal, Alexandilä Naples, Grous, Marseilles, New York and Boston.
Pres. Wilson ...bung May 20,✨a. Pres. Folk......Sun, July 1.8 m. Pres. Vac Buron.don, June 3,8a.m. Pres. Adam ...Sun, July 15, 8 a.m. Prez. Hayes ban., June 17, 8 x.m. Pres. Garfield „Ban., July 29, 8 am.
To Manila
Pres. Wilson May 20th, Sam Pres Madison Pres. Lincoln May 22nd, 8pm. Pres. Pierce Pres Cleveland May 26th, 6 pm. Pres. Jackson
"
June 5th, 6pm. Jae stb, 8p.m. Jare 19th. 6pm...
· For Bookings, Passenger und Freight Information appår te Hong Kong and Shanghai Bank Bullding, Ground Foce Telephone Central 2477, 2478 and 795 Cable Address "Dollar"
American Mail Line
and
Dollar Steamship Line
THE EAST ASIATIC CO., LTD.
COPENHAGEN,
The M.S. "MALAYA" loading on or about
10th June.
For
PORT SÁID, MARSEILLES, LE HAVRE, ROTTERDAM, AMSTERDAM, HAMBURG, COPENHAGEN SCANDINAVIAN & BALTIC PORTS.,
OTHER BAILINGS:-
MS. "Pern"
M.S." Siam "
M.S. "Danmark”
Shanghai, etc.
Continent
8th June
11th July
10th June
18th July
List July 21st August
Optional Bills of Lading issued to United Kingdom Ports
For further particulars, please apply to:-
THE HONG KONG DAILY PRESS, FRIDAY, MAY 18th, 1928.
THE TRIUMPH OF THE FRANC.
LI
A TRIBUTE M. POINCARE'S SUCCESS.
HIS MINISTRY OF EX-PRIME MINISTERS.
10
FRANCE
"ONE OF THE SOUNDEST
COUNTRIES.
[Br VISCOUNT ROTHERMERE:JYL
This article, showing how by ruthless econamy and other wise measures M. Poincaré and his Cabinet have in less than two years restored financial stability in France and made the frame onçel miere the clore associate of the pound sterling and the dollar is re- printed from the." Weekly "Dispatch ":- When will M. Poincaré fix the value of the frane in terms of gold This is the question now asked daily on the money exchanges of the world.
That the stabilisation of the franc should be already a long await- ed development is the consequence of one of the most striking and rapid restorations of a country's fortunes that history records.
DOOM OF THE WOODEN 'PLANE.
NEW R.A.F. MACHINES MUST
BE ALL-METAL.
The doom of the wooden acro- plane is in eight. The year will ace the beginning of a revansion in flying.
The effect will be as far-reaching as was the change from wooden tö iron ships. The transformation has received its impetus from the Air Ministry, which in future will not consider seriously a machine that a not constructed of metal.
11
The official opinion that it was essential to abandon wood construc tion has been borne out by the great cruise of the R.A.F.'s metal-huled. Supermarine Napier dying boats. They have already covered 10,000 miles without the slightest mishap.
She had accordingly been forced to add to her already large debts
The intention now is to lose no abroad by pledging her national credit to the limit for fresh loana. time in replacing. British wooden Even so, the French Budgets had service aeroplanes, seaplanes and showed heavy deficits, which had flying boate by, machines made of been filled by the printing of paper-metal, R.A.F. mechanics from now money without geld reserves to back
The French Government's over draft at the Bank of France had risen to such a height that the Bank flatly refused to increase it
How near France had drawn to the precipice is on record in the
awards are to devote their atten- tion to working in metal rather than wood.
Britain is simply keeping abreast of the times. Germany specialites in all-metal aircraft, the United States, France and Italy have not overlooked the possibilities, and metal hulled machine for testing pur- poses.
Less than two years ago the frand was worth no more than a penny postage stamp, and seemed instant- ly doomed to lose even this frac. fact that the French Minister of recently Japan ordered a tional value. Now the currency of Finance, M. de Moazie, announced France has not only improved 100 publicly in Parliament on July per cent. in the international 1st, 1926, that the Government had quotation lists, but it is regarded barely 50,000,000 francs (then worth as a medium of exchange in which only £250,000) left to its credit with business can be transacted with per the Bank of France. This sum, it fect security. The franc, in fact, was stated by the Governor of the has once more become the close as Bank, would not suffice to meet the sociate of the pound sterling and than another twenty-four hours Government's liabilities for more rency, meets them on equal terme After that the Treasury would be in the exchange markets of the empty and the State penniless. We shall then," said the Finance Minister, be compelled to suspend the grave words payments." were a formal warning to the world that France had reached the very edge of bankruptcy
the dollár, and, as a stable cur-
world.
It was at this moment of supreme crisis that the French nation turn
11
N.Y.K. Special Summer Excursion Tickets,
Far Eastern residants and those who have come thus far from home should not mus the opportunity of taking a trip to Japan, as tho N.VE. are offering Specia! Reduced Round-trip Bates as follows :-
Z
From Hong Kong to SHANGHAI and Esturn H.E. 8120.00
"NAGASAKI
KOBE YOKOHAMA
Validity of Tickets-3 Months.
165.00
210.00
235.00,
Period of Issos -From 1irk JUNE to 21ST SEPTEMNER.
For Further Informaation Please Apply to
NIPPON YUSEN KAISHÄ,
Howo Fuwa. No. 8, CONRADONT ROAD CENTRAL”.
Pяo 0. 292,
JAVA-CHINA-JAPAN-
JC J.L
York Building
LIJN
Tel &itdress.
JAVALYN
Tel Central 1571
·REGULAR FORTNIGUT,SERVICE BETWEEN JAVA, CHINA & JAPAN.
EXPECTED Willis
ON OF
LIATE ON ABOUT DE ABOUT
STRAKKES
M. Poincaré's next step was to impose 11,000,000,000 francs of extra annual taxation. The French pro- from our own. Great Britain, de- blem in this respect was different pendent for her existence upo TJIMANOEK manufactures which have to fight TJILIWONG for foreign markets in competition TJIKEMBANG with the whole world, is suffering TIPANAS from over-taxation, imposed for TJISONDARI
utile and extravagant purposes of JJISALAR a semi-Socialist kind. In France. TJIBODAS on the other hand, successive Minis TJIKARANG trics, through fear of unpopularity, TJIKEMBANG had weakly refrained from calling
A Proud Record. That record is one which causes Frenchmen profound and justifiable satisfaction. The period of office of the French Government now in power has witnessed a remarkable national recovery.
In less than two years France has been brought ed again to M..Poincaré, who had on the country to contribute al TJIMANOER back from the very verge of com-
twice previously been Prime Minis-could afford towards national NJITARO EM plete faancial collapse, and setter, and had held the office of Pre-expenditure. In 1986 the French upon the firm ground of solvency. sident of the Republic from 1913 to dation was paying only about £4 1920, during the bitter trial of the per bend in taxation, against the £10 108. then being paid by, or on To those who have watched this
behalf of, every man, woman, and process closely, the past twenty months have been an object-lesson
child in Great Britain as a national taxation alone, exclusive of local rates.
of the fundamental strength of the French nation. They have proved that under competent and courageous leadership France is one
of
the soundest Countrier 173 Europe.
war.
"
M. Poincaré had already given
ample proof of his determined will and his calm, courageous patriot ism. The French remembered how. the Allied Powers, he had taken alone and against the opposition of Germany by the collar in 1923, when he sent French troops to occupy the Ruhr and thereby showed the der mans that the time for fooling and flouting the Allies over the payment of reparations was at an end. mater
Poincare Task,
F M
24th
FOR
23rd BATAVIA 78th AMOT & SHANGRA 3013
SWATOW & SAIGON BATAVIA KO`
"
π
JATA,MACIA S1st May 23rd May Amor & SanNGEL
DALRT, ANDY 21st
BATATLA JAYA, MANILA 27th. SL. KLUND. 28th 30th.. ... Jaya Macassar 4th June
4th DALNY, ANOT S'HAL, K. 11th
BARAVIA
7th
6th Juns AWIT & SHANGHAT -6th
M
Macassar & S'BAT. JAMOT & SHANGHAT
BATAVIA
10th: m 13th
ANOT
18th DALNY, AMOT Java,Magasnan 18th
[BATATÜ
20th
JAMOT & SHANGWAT
• Wireless Telegraphy, The steamers ses al aited throughout with Electrio Light" and hara "socommodation for a Kmited number of saloon Passengers. All steamers carry a duly qualified surgeon. Cargo taken at through ratos to all ports in Netherlands India and Australia.
For Particulars of Freight and Fasmags, apply to the ..
JAVA-CHINA-JAPAN LIJN.
11
CONSIGNEE
NOTICES.
STEAMER FOR
:
Finance, not industry, was at the with her self-suflicing agricultural bottom of the troubles of France. resources, her iron-ore deposits, and Black Six Months.
her command of the luxury trades (including wine and tourist traffic), During the first six months of
of the world, the industrial posi 1928 the value of French currency
tion of France is very strong. M. THE PENINSULAR & ORIENTAL | was steadily falling, In one
Poincare's confidence in the ability hundred days it sank one hundred
STEAM NAVIGATION CO. points in relation to starling. This
of his countrymen to bear an ad- The fact that Poincaré under-ditional burden of taxation was rapresented - nous of nearly one- half of its value x months pre- took the taak of saving France was justified by the fact that the new viously. The position of French enough in itself.to revive the con- revenue began to reach the Trea. business men with accounts to meet fidence of an almost despairing sury from patriotic taxpayers even abroad was desperate, For salari nation. At the age of 68, ha was before it was due to be collected. ed employees and people with fixed facing a tremendous task, which incomes it was almost intolerable.. many thought an impossibility Everyons in France who had a Distinguished financial exports, balance at the bank, or cash in his both Frenchmen, and foreigners, safe, or even notes in his pocket, with whom I spoke at the time, saw was faced with the fact that they no hope of carrying on the govern were steadily losing their purchas-ment of France except by further ing value day by day.
borrowings, Progressive pauperise tion was their forecast of the future of the French nation.
be
French manufacturers whose pro- ducts required the importation of raw materials which had to be paid for in foreign currency seemed to faced with inevitable ruin, Some of them refused to quote prices to their own customers in France except in dollars or sterling, though this was against French law.
The new Frime Minister showed his resolute character from the first moment he took office. Himself a Lorrainer, he called to his aid an Iron Corps of experienced Minis ters, as able and determined în ad- ministration and finance as the splendid Iron Corps of Lorraine" People of all classes sought had showed itself upon the battle- desperately to turn their savings field. into foreign currency or securities No fewer than five of his cul- before their value vanished utterly leagues in the new Cabinet had led away. This only hastened the fall French Governments of the own. of the franc To prevent it the M. Briand, the Foreign Minister, Government had forbidden the exhad actually been Prime Minister portation of French capital, but ten times. confidence in the nation's solvency was so shaken that the restriction
was evaded by all sorts of ingenious
stratagems.
The Strong Hội
M Painlevé,the Minister of
The
BOMBAY EGYPT, MEDITER- STRAITS, COLOMBO, AUSTRALIA,
BANEAN FORTS &
LONDON, THROUGH BILLS OF LADING ISSUED: FOR BATAVIA, PERSIAN GULF, CONTINENTAL AMERICAN AND SOUTH AFRICAN FORTS.
THE Steamship
'KIDDERPORE”
CONSIGNEES' NOTICE,
THE BEN LINE STEAMERS, LIMITED.
FROM MIDDLESBRO', ANTWERP, LONDON & STRAITS,'
The Steamship "BENCLEUCH.”
ONSIGNEES of Cargo are heraby formed that all Goode are being landed at their risk into the hazarden Hong Kong and Kowloon What and Godawn Co., Ltd, whence and/or frum the harves, Delivery may be obtained.
No Claims will be admitted after the Goods hars Jeft the
Bank's Voluntary Loan. The immediate crisis of an or hausted overdraft at the Bank of France was met by a voluntary loan from French banks, which was repaid as the produce of the fresh taxation began to fow in. Bank of France was authorised to improve the international value of carrying His Majesty's Mails, will be des- the frane by a bold policy of pur-patahed from this Port on or aboat chasing gold and foreign currencies TUESDAY, the 2 MAY, 1928, stand/or extra hazardons Godowns of the against ite notes. No dealings in Noox, taking Cargo for the above Fort foreign exchange were permitted to, Bilk, Valuables and Tes for Italy, any other body except as agents of France and London (under arrangement) the Bank of France.
will be transhipped at Bombay into the Directly these energetic measures Mai Steamer proceeding direct to were adopted French credit began Marseilles and London. to turn the corner. In less than six months of office M. Poincaré's Gov- ernment had brought the frane back to the figure of 191 to the £. At this level it has virtually been stabilised since December 1998.
To-day the preoccupation of the Bank of France is not to keep the franc from dropping but to prevent it improving too rapidly in value above its present figure..
Tuture Of Tranc
Mesawhile the Budget has been balanced and all Government short- term bonds met as they fell due.
Parcels will be received at this Offca until 5 7.x. the Day before Sailing. The contents and value of all packages must be declared.
For further Particulars, Apply to-- MACKINNON, MACKENZIE & CO
Agents,
Hong Kong, 18th May, 1928.
(8164
BRITISH INDIA S.S. CO., LTD.
FROM KOBE & MOJI
Steame THE SOLTIPARA
rank, took office under M. Poincaré its depleted gold reserve, and by its having arrived from the abors Forts,
with
will be subject to Rant will be effected
whatever.
greed of gamblers on, the interns. Tardien, one of 4,, Clemenceau's drawal of the French funds on de, by us in any cast be left in the
War, who is one of the greatest | mathematicians in France, had led The consequence of this situation two Governments, M. Herriot, who was that the price of living rose had been well known as Mayor of almost daily, even more rapidly than the purchasing power of the Lyons before he reached Ministerial The Bank of France, has built up franc declined. The prices of goods after two periods as Premier, the dealings in foreign currency has Consignees of Cargo are..hersby is in the shops were increased almost. an fast as the staff could rewrite, last of which was a short-lived obtained control of £200,000,000 in formed that their Goods are being the tickets Employers were con- term of 48 hours on the eve of M. gold and gold-value currencies landed and placed at their risk in the Company's Godowns st Kows fronted with repeated demands for Poincaré's sesion to power. M. abroad, much of this being held in Hongkong and Kowloon Wharf and
London Instead of France now higher wages, but these did not pro- Leygues and M. Hann stics of looking for help to foreign bankers as soon as the Goods are landed.
loon, where Delivery may be obtained vent serious suffering among the Appointed to the Ministries of it is, today, the London money- wage-caraing classes.
Goods pot cleared by 23rd May, 1998, Marine and, Justice, were also ex! The predicament in which France Premiers. Ministry of tention the possibility of the 21
No Fire Insurance found herself was intensified by the Public Works was M.
Damaged Packages tional exchanges of the world,
The question of the official Godowns for examination by the Con- Those hyenas who prowl about the money marketa in search of de This was indeed, the strongest stabilisation of the franc is ont gness and the Company's surveyors, fenceless currencies: had marked Government ever brought together which M. Poincaré has not yet Mesars. Goddard and Dongisi, at 10 down the frane as an easy prey. in France since the war, and in- inken up. It may be that he will am, Mondays and Thursday
decide to fix its exchange value at All Claims must be They sank their fangs deep into the eluted representatives of all parties the present figure. Or he may think Ten days of the Steamer's flesh of France. Men were busily except the Communiste, Bocialiste, enriching themselves all over the and the extreme Conservatives. It it desirable to raise its inter after which date they world by selling francs with com amounted to a concentration of the national value to the level at which recognised
No Claims will be admitted after plete confidence in being able to moderate political opinion of the Italian Goverment, has stabilis
the Goods have left the Godowns, el buy them cheaper when the time France for the purpose of saving. I am confident that, whatever de MACKINNON, MACKENZIE & CO. for delivery came. In self-defence the State.*
Hong Kong, 16th May, 1928. 16263 many business houses in France were compelled to sell francs ahead" so as to provide themselves with 168 1669 121 resources to meet their impending
Desperate Position.
JOHN MANNERS & CO., LTD. Telephone C. 4072.
Agents,
[14
HONG KONG METEOROLOGICAL
REGISTER
Hong Kong Observatory, May 17th.
¿Previous On DatejOn Date
·Day
st
C
at 2 pm 5 a.m. | 1 pan.
HONG KONG TIDE TABLE.
From May 18th to 24th, 1923. HOSH WALL
Barometer...
29,70 29.78 29.73
Temperature 84
77
87
Hamidity...
78
92
74
Wind
Fri.
Dirwotion WNW
NE
Sat
0.95
Weather my O OB Bein
41.00
Highest open-tir Temperature, 10th: 84 Lowest open-air Temperature, 17th: 77
Height
LOW WALKK.
Hong Korg
Hong
Kong
Standard Time.
Standard
Time.
Ꭸ .
.ft. In
Height.
9458 2.411 19 8 84 17 2m 2842 3 10 6 5 2 - 3 872 0.6 Bun. 20m 2 10.
commitments.
•
chief lieutenants at the Allied Peaceposit here. Conference..
ed the lira.
cision is adopted, Eurupena fuan- Ruthiess Economy,
ciers may feel the fullest assurance" Ruthlem economy was the first in the sagacity of the present measure which, Poincaré and French Government. The fortunes his Cabinet imposed. They showed of France have been proved to lie the world that efficiency in govern- in extremely competent hands. Wa ment does not depend upon a in England envy our French allies This desperate state of affairs elaborate and costly administra- the courage common sense and had been brought about" by causes tion. At one sweep all the Under determination which were found in largely outside French control. Secretaryships State were their chosen leaders at a time of 34 2 15 al 01 The mistaken indulgence of Allied abolished M Poincaré undertook most vital peril for the State.
statesmen towards Germany in the te restore France from the critical. 608 question of reparations had de condition she had reached with a 38.85 prived France of the compensation Government of only thirteen Minix 7.4 0.5 she had a right to expect to enable ters. In England we have twenty. 0m 88 28 her to restore the parts of her tor-one Cabinet Ministers, and no fewer 70.9ritory that had been devastated by than thirty two more members of
the war.c
the Government outside.
Moz. 21 Tass. 21m0 14 B-Blue sky; C-Cloudy; D-
m1028 7 Driale; F-Fog: Low Lightning: W. 23 in 1 24
10 7,0
·K-Mist; O-Overcast; P-Passing
48 7,8m
*kandar.
showers; Q-Squall; R-Rain; Thar. 24
This famous French Corps had
stiral
VISITORS TO CANTON, BYTON. Should Purchase p
within here,
be
A BOOK FOR THE GLOBE. TROTTERS FROM HONG KONG TO CANTON, BY THE PEARL RIVER
We
CAPTAIN CY LLOYD. its headquarters at Nancy, on the With Illustrahaus, Maps and Flags French frontier of Lorraine. UDA B ́der
General de Castelnau it distinguished itself by stubborn gallantry in resisting the Germani onset in the first days of the war.
Hand Kora DAILY
OTTIOL
Goods remaining 4 ARE #31
after the
18th instant, will be subject to Rent.
All Claims against the Steamer must be presented to the Undersigned on or
before the 1st prox., or they will
recognized.
be
not
are to be left in the Godowns, where they All broken, chafed and damaged Goods
will be examined on the 17th instant, at 10 am, by Meters, Goddard & Douglas, -No Fire Lamrance has been expeted.
Bill of Lading will be countersigned by GIBB. LIVINGSTON & CO., LTD.
Agente
Hong Kong, 11th May, 1928. [6246
AND
· NOTICE TO CONSIGNEES.
OOBAN STELMSHIP CO., LTD.
CHINA. MUTUAL STEAM NAVIGATION CO, LTD.
FROM UNITED KINGDOM VIA SINGAPORE.
YONBIGNEES per Co.'s Storm.EF
**ADRASTUS?
are hereby notified that the Cargo will be discharged into Holf Wha, Kowloons, where is will lia at Consignser" risk and subject to Terms and Conditions of Storage at Ecit's Wharf. „The Cargo will and after 16th May be ready for Delivery from Godown on
Optional Cargo will not be landed here,"
but
carried on from
uziosa
Bleamere has been given" prior to port to port to the final port of call to which the optica
extends.
be
All broken, chafed and damaged Goode azu to be left in the Godowns, where they be examined on any Tuendays and Tridays between the hours of 1045 AM and Noom within the Free Storage period. No Claims will be admitted after the Goods have led the teamer's Godowa and
Goods remaining undelivered the ind
Hind May, will be subject to
| Bentwo
All Claims against thy BloämAT MUGAL
be presented to the
Undersigned
20.10.
before the 5th June, or they will mot be recognized
* No Jue Immands will be effected,
(BUTTERFIRIND & SWIEN,
16th May, 1925.
[6260