WAR HUT CONTRACTS.
REPORT OF THE ROYAL COMMISSION.
The Allegations Sir John Jackson, Lid,
THE -- HONGKONG TELEGRAPH, THURSDAY, JUNE 71917.
GERMANY'S LOAN.
LT,-COMDE, ÀSQUITH.
Conjectures on Its Sigdificance.
Toronto, April 28.-The cabled announcement that Germany bad
bie
eoription of any in the scries
has not greatly influenced The Royal Commissior, presid- this market's view, either of ed over by Mr. Justice Channell, German finance or of the econo to inquire into the allegations is situation in Germany. There made against Sir John Jackeoria bere," perhaps, more thau in Limited, in connection with army butting Toontracta, issued. their report recently.
The Commission in their con clusions say
1. That there is no greand for saying that Sir John Jackson's first fer was not bona fide or
Was
Ex-Premier's Third Son Wins
the D.S.0.
He obtained leave to go up to the front when he heard a fight New York or is Londor, s dispo inminent. Later, although sition to treat these official waandes, he returned to Brigade German notices regarding the Headquarters and gave a clear war Повда 监督 not being socount of the situation and of in all respecta trustworthy the fighting, which had been go About the internal conditions ing on during the night. He has in Germany there can certainly reviously done fine work.
COMMERCIAL NEWS.
HONGKONG SHARE REPORT.
S-SELLERS; SA-SALES; BBUYERS; N.—NOMINAL
w
FIRE INSURANCES.."
SHIPPING.
BANKS.
BANK OF CANTON, LIMITED..
HEAD OFFICE, HONGKONG
FOREIGN EXCHANGE and General Banking Business Transacted.
INTEREST ON FIXED DEPOSITS:
OFFICIAL PRICES.
BANKS. H. K. & S. Banks n.
MARINĖ INSURANCES.
$705
D.
$350 t. 160
D.
*- $870 I. ex 73 $900
ᏚᎦ
$146 $827
For 3 Months 3% per annum.
For 6 Months 4% per annum.
11..
3.
$85 $17.50 $108 $40
For 12 Months 41% per annum LOOK POON SHAN;
3.
110
b.
$2914
REFINERIES.
8.3.
$108. $30
BANQUE INDUSTRIELLE DE CHINE.
MINING
+1
b
$2,6 t. 17 $2,45
26/9 32
made from other than no longer be any doubt. They Lient.-Commander Asquith's operations. Some time ago the Shells
b. b.
Activity of Osaka Merchants.
As the commercial and indus trial centre of the country, Osaka has enjoyed remarkable prosperity since the outbreak of the war. Ons of the greatest contributione The King has conferred the to this prosperity has been the raised $3,170,000,000 from the D.S.0. upon Mr. Arquith's third increased activity of middis sabecriptions, lately closed, to the
son, Lt. Commander Arthur Melgrade merchants and
manu- sixth Imperial war loan-which fand Asquith, R.N.V.B., for con-facturers, who commanded would
the largest subj
picasua gallantry and devotion considerable influence even be to daty.
fore the war. They have been The cfficial record of the serenabled to extend their operations Cantons vice for which the honour is in a comparatively short spans of North Chinas bestowed is as follows:
time, and some of them are said Unions to be now in a position to com.
Yangtszes mand as large a capital as firms which have long been recognised China Fires B as captains of industry. These H. K. Fires prosperous and enterprising mer cheats cow show a tendency to re- Douglases organise their interests into joint Steamboats stock concerns, evidently with Indos (Del.) the object of facilitating their Indos (Pref.) are proceeding from bad to worse. war es vice dates back to Antwerp, Kosho Goshi Kaisha and the Ferries That Sir John Jackson made The discontent of the working where he fought in the trenches Nakai Shoten transformed them hia first claim for remuneration/classes and of the town dwellere as a eab-lieutenant. He has been coves into joint-atcok companies, } Sugars
be increasing wounded two or three times, once and it is now reported that the Malabons and for remuneration by way of appears
learn of those S
things, in the fighting in the Dardanelles, Shibakawa Shoten will convert percentage at a time when the
the rigid even with
Ger- and has been mentioned in disita interests into a join!-stock Kailans situation was each that there was no difficulty in the War Office man censorship. If the German patches by Sir Ian Hamilton.
company with a capital of Yea Langkats He was promoted lieutenant in 3,000,000. A similar scheme is Raubs declining to give his firm the armies should now experience farther work then proposed and farther setbacks, this factor mayJuly, 1915 and to lient.-command- also contemplated by the Yagi Tronobs
have an important effect in weak. jer two months later.
Shoten, which will have a capital Urals placing it in other hands, sad at
A Tynemouth soldier, in of about Ten 2,000,000. Most of time when there was nothing eping the Tentonic resistance on
DOCKS, WHARVES, the varions fronte.
letter from Antwerp to his father, theee concerna are act valy engs- resulting from his first offer or
We believe, for one thing, wrote: "It was foe to see the gedin foreign trade.
GODOWNS, &C. otherwise discutitling him in law that Germany's declining ecanway car boya took it. They lay British investments to Belgium. Kowloon Docks n. H. K. Wharves b. or in honour to ask some remanomic strength and fisencial por-in the trenches for 80 hours and eration for any further work
Considerable British capital ts| S'hai Docks which might be entrusted to him er has prevented her from cracked jokes amid the terrible
giving Turkey the support that abell fire, to make head against the British in Prime Minister's non was required to enable the Turks "Young Mr. Asquith, the
man occupation of the country bas Centrals was a bit the British investors hard. H. K, Hotels Mesopotamia and Palestine. How daring as anybody. He moved The Antwerp Water Works is a Land Invest. things are going with hapless about giving us a cheery word British company. The report for H'phreys Est. Austria and Bulgaria, in the same from time to time, and nothing the year ended December 31 last Kloon Lands conduct, intentionally brought connection-for Berlin bas an seemed to tire him. He had one shows that the D. bantare interest; S'hai Lands
questionably had to foauce them also may perhaps be left to conjecture.
patriotic motives.
or to bis firm.
3: That Sir Jackson and his company should be relieved from the imputations of having, either by their offer of gratuitous sistance or by their subseqasat
they could and did extort exorbit- sat terms.
:
4 That at the time the agree
ment was made with him a state
to
you, that.
invested in public enterprises in Belgica, and naturally the Ger-
n.
LANDS, HOTELS AND BUILDINGS.
$13 $122 t. 981
D.
$99
b.
$100
D.
$95
.88.
$6,35
0.
b.
$33 80 $,75
.n.
t, 15 ›
b.
t. 14
t. 121
n..
t. 5.70
1.
$7
$4,50
R.
$23
2.
$7.75
b. & sa. $49
д.
$151
8.
mans, and recently it was reported China Light & P.D. in the German Press that it was Providents
be never troubled about order do this for last year it was COTTON MILLS.
necessary to borrow £8,100 on the Ewos. Wait and see' was his motto arrender valas of the policy with Kung Yiks when the shella began to fy the San Office. In the previons re- S'hai Cottons of things bad in fact arisen which fee it was practically a salary, arcand, and he looked as if he port it was announced that the Yangtszepoos enabled bim practically to dictate and a salary of £80,000 a year for wae not going to worry till one Company's property had been MISCELLANEOUS. his own terms, but that the Wars principal agent and two com- hit him. Officera like him make sequestrated by the gentle Ger- Borneos Ofice had an opportunity, of petent assistants is a thing un-a lot of difference in men, and which they did not avail them know. Besides, st the time in there is not one of us who would selves, of postponing a settlement question, contractors had little not go through fire and water for of the terme until a time when chance of earning their usual him." the pressure of the situation would profits except by Government
-work.. *:*: have ceased.
5. That the amount to which "We do not desire to suggest Sir John Jackson, Limited, be that Sir John Jackson intention- came entitled ander the agreeally takes advantage of the situs- ment in the events which happen- tion in order to get remuneration ed was greatly excessive, and that which he knows to be excessive. the agreement even in the state of His career ans successful contract- things contemplated-when it was or, making large profits in work made was anressonale, and such requiring large capital, and with to the Daily News- as would probably not have been risks which, fortunately, seem made but for the urgency of the aituation. At the same time it
The debit balance to the London CORRECTED TO MOGH THURSDAY wae in the interest of the astion an altogether inflated idea of the he was in command of an old suspense RCCORD! дот totals!
WO
A NAVAL MYSTERY.
Extraordinary Record of A Commander.
A neval "correspondent writes
Who is Commander Gordon never in his case to have led to Campbell, and what has he been disaster, seems to have given him doing? When the war broke out
lesa
:
to hin
attended
to be liquidated. As the Direc Dairy Farms tora point out, this can make very Green Islands little difference, sires the solution H.K. Electrics of the question whether a valid H.K. Ice Co., title can be given to the purchaser Ropes of the property "must depend Steel Foundries n upon the event of war, Mean Trams, Low Level b.
Trams, Peak, old a. while the Directors "regret that Trams, Peak, new n they have no direct information Laundries
b.
ני
: $28
Chief Managor.
Capital (16 Paid up) ...Francs 45,000,000
President
André Berthelot General Manager A. J. Fernotte.
HEAD OFFICE:
74. Rue Saint Lazare, PARIS BRANCHES in PEKING. SEANGĦAL TIENTSIN and HONGKONG.
7
BANKERS.
In FRANCE: Société Générale pour favoriser le Développement du Cam- merce et de l'Industrie en France. In LONDON: London County & West-
minster Bank, Ltd.
In ITALY: Banca Commerciale Italiana,
Telegraphic Addreas: CHIBANKIND,
Intereat allowed on Current Accounts and Fixed Deposits. Termarnapplication. Every description of Banking, and exchange barinem transacted.
M. RQUET DE JOURNEL,
Manager,
HONGKONG BRANCH:
Tel. No. 2352
5. Queen's Building.
Hongkong, 14th May, 1917.
NOTICES.
NOTICE.
PEAK TRAMWAY CO.
LIMITED.
TIME TABLE.
15 MIN.
$10
$6,50
$7.10
cts. 90
5:00 AM 0 8.00 AM, SO
3000
to
6.00 A 10:00 AM 12,00 A
ETET 16 MIN.
JO MIN.
#MIX.
$8,40
15 MIN.
1.25
A MIN.
$18
b.
$8
1452.
135 7.M.
10 M
1.007.K
18 MIN.
S.
$6.50
£.00 M
30 1313.
IL
SP
and 9. 9.30 ta
11.00 7.
11:00
as to events in Antwerp to report U. Waterboats n. to the shareholders." They have Watsons done all they can at present by Wm. Powells registering the Company's claims Morning Posts with the British Government.
JUNE 7, 1917,
$19
Tel. address: Broker.
EXCHANGE.
SELLING.
2/434 2/4 13/16 2/43%
2/5
2/5 3/16
Nom
111
Nom.
Nom
57
at auch a critical time to pay a market value of the services of destroyer, the Bittern, but he £37,800, against £28,200 at the BENJAMIN & POTTS, liberal remuneration for the hia firm when. rendered under mast since have found a far more end of the previous year, the Share and General Brokers,
different circumstances which promising and exciting job than addition being, of course, mainly Princes Building. ervices which were secured.
6. That although there is no involved no risk whatever sad that. Just a year ago he was due to the Debenture service.
specially promoted fround in law for the non-pay-the providing of no ospital.
Japanese Government Rice, ment of the percentages in fall, "We are of opinion that if the present rank over the hands of It will be remembered that two considez... that Sir John matter had been left to be decided nearly 700 senior lientenart years ago the Japanese Govern- Jackson's insistence on the pay-by sa independent tribunal after commanders, which is perhaps ment bought up an enormous ment in fall of the percentage in the work had been done, the by a long way the greatest quantity of rice with the object abe events which have happened, amount awarded, although it single jump of the war. In June, of relieving the difficulties of the which were not in the contempla- would have been large, would 1916, he was made a member of farming population, then safer- T/T tion of the War Office when the have been mach
than the Distinguished Service Ordering from the low prios of rios, Demand
and in a recent Court Circalar by keeping ap prices. The stooke 30 dia. agreement was made, and which #150,700.. incresced the remuneration far “On May 28, 1915, Sir Georga there appeared the announcement thas bought were stored in 60 dia. beyond say smount contemplated Gibb, then sivilian member of the that he had
at godowna at the principal markete T/T Shanghai.... by the War Office, would be in- Army Council in charge of Backingham Palace to be de in the country, and the larger T/T Singapore 102 consistent with the professions contracta, bad an interview with rated by the King with the portion has already been sold, Tr Japan ........
little by little, for export. It ie T/T India which he made during the sego. Sir John Jackson with a view to Victoria Cross.
Neither as regards the V.C., isid that the authorities have Demand, India tiations, and particularly in the inducing him to make some equit
able revision of the terms under nor hia. D.8.0., nor his extra- now decided to sell the whole of T/T San Francis- letter of September 2.
In their report the Commission the circumstances which has then ordinary leap to the rank of com- the 25,000 koka stored in the go- co & New York Etate that they do not desire to disclosed themselves, but this Sir mander has there been a hint as downs of the Tokyo Soko and the T/T Java... 13794 underrate the value of the work John Jackson declined to do, to why the distinction was con- Toabin Soko Kaisha, both in T/T Marks........... Nom.
3.2512 done by Jackson's. It was work it being suggested that he was ferred. A "grest silent Navy"Kobe, to Masers. Suzaki & Co. T/T Francs...........
Demand, Parie....... 3.36 which could not have been done ander the impression that some ta the British.
This rice is, for the most part,
BUYING. satisfactorily except by an ex- threat was being held out to him, We find that Commander Camp the 1914 crop produced in Batsu
4 m/s. L/C............ 2/5 9/16 perienced contractor. There were in which case his refusal would bill entered the Navy fiftesa ma and Hyuga.TheGovernment's
4 m/s. D/P years age, being gazetted mid-price is not definitely known, but
2/5 11/16 complaints as to part of the work, be natural.
6 m/s. L/C ... So the matter still remains so chipman on Feb. 15th, 1902 is seemed to be in the neigh-
2/5 13/16 but the necessity for extreme despatch went far to excuse the far so we are aware. It was stated After serving in the Irresistible bourhood of Y15. It is said that 30 d/s. Sydney & 2/5 13/16
before the Public Accounts Com- in the Mediterranean and the Mesere. Sazaki & Co, will clean matiere complained of
After making every allowance mitise that negotiations were Flora in the Pacific, he was the rice and export it all to Great 30 d/s. Ban Franc- isco &New York for the utility of their work, the then pending for a reduction of promoted sub-lieutenant in April, Britain. It was recently ramoared
4 m/s. Marks Commission as of opinion that amount but we feel that Sir John 1905. His next appointment was to that the whole of the 430,000 4 m/s, Francs 3.3734 the sam to which they became Jackson, even if willing to make the destroyer A un,alter which, on halee in godowns in Tokyo and 6 m/s. France....... 3421⁄44 entitled for commission, in any concession, might be unable promotion to lieutenant in Oct., Yokohama had besa disposed of Demand, Germany.. — addition to that for the 11 per to do so as long as the allegations 1907, he went to Chins in the to the Mitsui Bosaan Kaisha, Demand, New York. 574% cent, for head office charges, was made against him by the Pablic King Alfred, the then fig-hip of and other firms. The quantity T/T Bombay ........ far in excess of any reasonable Accounts Committees were unsne the present Admiral of the Fleet actually bought by there mer. Demand, Bombay... Nom.
wered.
Sir Bedworth Meux, On returning chants was afterwarde known to T/T Calcutta......... remuneration.
As to the 5 per cent. com In the Commissions's opinion home, he served for eoma time be not more than 130,000 bales. Demand, Calcutta... Nom.
Demand, Manila mission on the second contract, there is no ground for saying in the "Devonport training 300,000 bales being etill in store.
Demand, Singapore. 102 the Commission eay: "Even if that Sir John Jackson, Ltd., tablishment, and took command Is ja stated that Hesure. Sasaki
On Haiphong . 34% prom destroyer Banger in and Co., also approached the On Saigon..... the cost originally estimated had peid wages at excessive rates. of the
314% prem, with not been exceeded we think hat Their rates were far less than the October 1912, transferring to the authorities
a view to On Bangkok
6434 5 per cent would have been London rate, but more than the Brittera in April, 1913. He was purchasing the remainder, but Sovereign
8.25 Nom greatly excessive,
local rates. No doubl in some promoted Lieut-Commander in have now broken of negotiations Gold Leaf, per os... 43.10 Salary of £80,00ù a Year. cases incompetent and lazy men, Ostaber, 1915.
as the Governments terma do not Bar Bilver, pero 384 "A to the suggetion of retinolading gangen, werd om
comply with their particular re- muneration for the tine for which played who were not worth the
quirements. It is expected thai the whole staff of "Jickson's wages paid. "This, we think
the 300,000 bales of rice will be. might be engaged at the ste of arose from the instructions to The average profits of the omare the greatest possible des pany in previous years, it whin patch and not have any delay for our judgment an extremly want of labour, and not from liberal one. Although called'
any desire to run up cost.”
Back From U. S. A.
Melbourne.Tr
5814 Nom
114
SUBSIDIARY COINS,
DISCOUNT PER $100:
Mrs. Holcomb, Mr. J. M. Darrah Tokyo and Yokohama for domestic Chinese... 20 cte, piecos 5.14 %dia.
Major Chauncey P. Holcomb, eventually sold to merchants in and Mr. Arthur Daling returned consumption now that the rice Chinese last week to Shanghai from the market is advancingJapan Hongkong 20 cts. pieces
United States.
Chronicle.
Hongkong 19
5.4 %dia
pár.
NIGHT CARE.
Very half hour.
to 11.3 P.M.
Very quar'or of an hour. ·
10.30 O
SUNDAYS:
20.30 AM. 12.00 Noon
21.00 A
28.00 Moon to -100 TEL.
180730
£30 PAL 10
GIRL to
5.50 P.X.
EVERT 16 3r 10 MI
15 MIN
20
15 M
10 M
15 MIN.
10 Max
ZIGHT CARS as on Week Daya
SATURDAYS:
Ez Car as Midnight.
SPECIAL
CAB5
By Arrangement at the Company's Office,"
Alexanda Bulidings,
Des Voeux Bos
*Esses and panch dekete avalable for all aar Dos already fall, running at the time stated In the Company's tiras jubilan, bat mutfor appeal ears, can be obtained on application at the Outpany's Ousen-No Sessun ticket will be ped'antil payment therefor, has been mede Bank Notes: or by Cheque or Campradare order representing Bank No
JOHN D. HUMPHREYS & CO. 5-
THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
(Capital Paid up.....$1,250,000.)
Loss on Morigiga of House Property, do Gode received on Storage. Advanom zonde on Merchandise. Loans made on the Provident Bystan - TRUSTER, EXECUTOR OF WILLE, ATTGENET, Bn. Undertaken and Breeniéd. Estes and Fartienters on application)
-To- the Union of
SHEWAN, TOMES & CO
General Managers.
MARTIN'S
APIOLASTEEL
PILLS
– French Bernady for all Trébda/šties.
Say lose 1967
(at the hyales n
bunda vain Ali Metiste Bod Siares sell thras
MARTIN'S
PAPIOLASTE
Cannot be Beaten, if Equalled THE ALEXANDRA CATE for Bread, Cakes, Confectionery and meals with Wines & Liquers,
BANKS
HONGKONG & SHANGHAI BANKING CORPORA,
TION,
Paid-up Capital .......................$15,000,000 RESERVE FUNDS:
Sterling
£1,500,000 at 24
-$15,000,000 Silver...$18,300,000
$3$ 500,000
Reserve Liability of
Proprietors $15,000,000
COURT OF DIRECTORE,
Hon. Mr. B. Podweli,-# kairmar, J. A. Femmet, Maq. Depère Cuskerasa. Hon Mr. C. Astas, G. T. X. Adkins, Kos,
Gabbay The Bos, MP.E. Halpark: E. V. D Far; LW, Fatbaden, A. B. Compish Ex5, 2
CHIEF MANAGER | Hoogkong---N, J.Baba, Kaq,
MASAGER Sängbaina, G. Implan, Esc. London Bankets-London County sad
Westminwer, Limited.
Hongkongrest Allowed i
On Current Accounts at the rate of 3 par cana
aanum on the daily balance,
ON FIELD DEPOSITS. Por 3 months, 14 per cetit, par ancum, For 6 months, dj per cent, per AAKGEL,
For 17 months, 1 per cent. par ARDHI,
N. J. STABB,
Chief Manageri
HONGKONG SAVINGS BANK.
THE Basicess of the above Bank is conducted ag the HONGKONG AND SEANGEAI BANKING CORPORATION,
Rules may be obtained on application
INTEREST on deposit is allowed on the web loum monthly balances at 8jš per cent, per KIDAN,
Depositors may transfer, at their option, belancar of $100 or more to the Hongkong and Shangkal Enak to be placed on FIXED DEPOSIT 22 tent, per annum.
For the Hongkong and Shanghai Backing Corsom des.
N. J. STABB,
Chief Manager.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND
CHINA
Incorporated by Royal Charter 1853-
READ OFFICE:-LONDON. PAIDUP CAPITAL 7,000 RESERVE FUND
RESERVE LIABILITY OF
PROPRIETORS
£1,000,00
FOREIGN CHANGE and Gevers Ban
business trucsacted, CURRENT ACCOUNT opened and FLXXI. DEPOSITE received for 1 year or notar perfeda, mi rates which will be quoted an appikation.
T. C. DOWNING,
Manager Hongkong. 11th April, 1912.
THE MERCANTILE BANK OF INDIA, LIMITED.
Head Office 15, Gracechurch
Street, London,
Authorised Capital ..............£1,500,00 Subscribed
Paid Up Reserve Fund
H
BANKERE!
The Bank of England,
56256
600 000
The London Tolat Stock Bank Limit a
Bombay
Calecia
Islomba Debi GA
Hongkong
Horial
-Kandy
BRANCHES S
Port Louis (Maridina)"
Karachi
Kota Bharu
Mar
Ku Lampt
Rangoo
#kangbal !!
Sagapor
HONGKONG BRANCH. Every description of Baskin,
and Exchangs
bpain me transacted.
Interest allowed on Current Accounts at 1 par oms per annum ya Daily Balances, and on Fixed Depos
at rates which may be ascertained on application.
C. CHAMPKIN,
Acting Manager,
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE:
35. Wall St., New York.
LONDON OFFICE::
a, Bishopsgats, LC. CAPITAL & SURPLUS U.S. 16,300,000 UNDIVIDED PROFITE US $1,010,300
BOMBAY
CEBU:
COLON HANKOW
BRANCHES
7.8.2$7,510,000
KORE
BANTO DOMINGO LONDON SHANGHAI MANTLA BINGAPORT MEDELLIN 137NTSIN PANAMA YOKOHAMA PERING
HONGKONG SAN FRANCISCO
Through its class affiliation with The Nalous! City Bank of New York, the Bank is able to offer th Services of the Branches of that Institution in Cuba South America, and elsewhere,
BAHIA, BUENOS AIRES, GENOA, HAVANA MONTEVIDEO, RIO DE JANEIRO SANTIAGO DE CUBA, FANTOS, PAULO, PETROGRAD VALPARAISO,
-
SAD
All kinds of FOREIGS & LOCAL BANKING BUSINESS transacted
CURRENT ACCOUNTS opened and FIXED DEPOSITS received at rates to be ascertained on application.
GEORGE HOGG,
Manage
4
Hongkong, 26th September, 1918,
THE
YOKOHAMA SPECIE BANK,
LIMITED..
Established 1880. Authorised Capital Yen 48,000,000 Paid-up Capital Reserve Fund ......
W
#
H
30,000,000
21,300,000
Head Office,--YOKOHAMA,
Branches Antwog-Haisu Bomber
and
Calo Changchas Daewo
Emblu
Los Angelry
Agencias
Hewchwang New York Omka
Jandon Cherat Acupuncul. Dagorasée sans pudied it yang DIY
EIHI ONO, Madukor, Hongkong, 12th March, 1917.