EARLIER TELEGRAMS.
PRINCE LICHNOWSKY'S FAMOUS MEMOIR”
Translated Into Baglish.
KOMANDO London, “April; 16×6)
A translation of Prince Lichnowsky's famous memoran- dunt has been published and Lord Robert Cecil stated in the Henas of Commons to-day that it would be widely circulated de
the
to
Professor Gilbert Murray, who writes the preface to the translation, contributes in to-day's 'Chronicle” an article on the Memoir. Inter alis Professor Murray says:-"The Memoir is not indiscreet or passionate; it tells the story with devastating simphuity, a story of good-faith-thwarted by bad faith, wisdom by mndness and the patience of the pesoemaker by the fret and greed of those who placed their hopes in the war. The story is not so new in England.s in Vermany. It only confirms what we knew from the White Paper, and other diplomatic correspondance. Prince Lichnowsky gives his three main conclusions about German. Policy, namely before 23rd July, 1914, Germany encouraged Commi Berchtold to attack Serbia though fully aware of the danger of its action leading to a world war. Between 3rd July and 30th July, 1914, Germany rejected the British and all other proposals of mediation. On 30th July when Count Berchtold wanted to come to terms with Russia, Germany prevented him by launching her ultimatum All this is, matter of common knowledge with us. On the other hand the secret Council, at Potsdam on 8th July, 1814, at which the Emperor decided apop this war policy is evidently com mon knowledge in German diplomatic circles and Prince Lichnowsky only mentions it in passing. Everyone now *knows that Sir Edward Grey did all that man could do to": avert the war but some critics are still inclined to sigue that his previous pro-French pro-Bassian policy had been directed against Germany and brought war nearer. Prince Lichnowsky's evidence,où täis point is clear. “Sir Edward Grey having settled all outstanding paints of difference with France and Russia he wished to make similar agreements with us.
It was pot his abject to isolate us but to make us partners in the existing association: Prince Lichnowsky then gives Sir Edward Grey's own words describing his aim 'without interfering with our existing friendship with- France and Russia which has no aggressive obligations upon England, to arrive at rapprochement and friendly under- standing with Germany. Mr. Murray proceeds mention the three main questions in issue between Britain and Germany before
war," namely- ly the Bagdad railway, the Portuguese Colonies and the German Naval programme. Sir Edward Grey agreed not to object to the eventual acquisition of the Portuguese Colonies by Germany provided that Portugal's consent was obtained in a legitimate manner. His only stipulation was that cer- tain Anglo-German secret treaties must be published one whereof in 1893 divided the Portuguese Colonies into economic spheres of influence between England and Ger many. Mr. Murray says there was nothing sinister in this treaty. It involved no claim to territory. We merely agreed not to push our trade in one part and Germany agreed not push here in the other part but the German Government refused to agree to the publication of the treaties Lich- nowsky considered this refusal insenate.. To have pub- lished this treaty would have let the Ger- man 'people into the secret that England, whom they were taught to regard 13 од enery, really acting as a friend. Professor Murray proceeds: "The story is just the same as with the Bagdad railway and Ger, man shipbuilding, namely steady endeavour by Sir Edward Gray even at the cost of some risk to meet Germany's le gitimate wishes and to help her to a place in the circle of cordial understanding and steady determination in the heart of the German Government to be bound by no ties which might hamper its future unlimited craving for power." Professor Murray wonders why the German "Government allowed Prince: Lichnowsky's, memoirs to be published in " Germany He suggests that the reason is the German Gor- ernment is riding on two horses. "If the western offensive succeeds. then the cry will be 'Gott strafe England,' the confessed contrivers of so splendid a war will be national heroes and none will listen to the small voice of Lichnowsky; if the offensive fails it will be just as well to have people. prepared for some reasonable concessions. If this is tras then there is some power in the background behind the Ger man militarists ready to profit by their successes if they win and equally ready to discard them if they lose. Luden dorff triumphant will be master of the world bat Ludendorff beaten will not even be master of Germany.
OBITUARY.
Sir John Willoughby.
was
London, April 17. The death is announced of Major Sir John Christopher Willoughby, aged 65.
Sir John Willoughby served in the Egyptian and Nile campaigns, was second in command of the forces of the Im- perial British South Africa Co. in Matabeleland in 1890-91, took part in the conquest of Matabeleland, accompanied Dr. Jameson into the Transvaal in 1898, served during the South African War, was in Ladysmith throughout the siege and was in charge of the transport of the Flying Coloma which relieved Mafeking.
EMPEROR KARL'S LETTER.
Laid Before the French Chamber.
Paris April 17.
اريو
The dossier regarding Emperor Kazl's letter cabled on the 18th inat. was laid on the table of the Chamber. It shows the letter was written in pencil. Prince Sixte gave M. Poincare a copy as he was asked to keep the matter secret. M. Ribot did not inform tae new Government but disclosed the contents of the letter to Mr. Lloyd George and Baron Bonnine. The three ministers agreed that it offered no basis of discussion.
NORWAY'S SACRIFICES.
Christianis, April 17.. The Norwegian "Commercial Shipping Gazette" com- "menting on the report that Holland will receive ship for ship compensation, says that this is only justice but adds, the Dutch however laid up half a million tons of shipping until it was requisitioned whereas the Norwegians have sacrificed hundreds of ships and the lives of hundreds of being torpedoed Norway has been treated much worse than Holland but we make no accusation against anyone.
A WEEK'S SUBMARINING.
London, April 17,
The Admiralty announces that the arrivals for the week wero 2,11 and the mailings 2,466 Eleven vessels over and four under 1,600 tons were annk. Twelve were unsuccessfully attacked. One fishing vessel was sunk.
Madrid, April 17. The Spanish steamer Louisa, proceeding to the United States has been torpedoed Three of the crew were drowned.
Berne, April 17.
The Government has demanded. reparation from Ger- many in respect to the torpedoing of a Spanish-steamer carrying corn for Switzerland: Germany has replied that she is awaiting the return of the submarine responsible. therefor.
THE HÔNGKONG TEKEGRAPH, FRIDAY, APRIL 19′′. 1818.
EARLIER TELEGRAMS.
THE FIGHTING ON THE WESTERN FRONT.
Successful British Counter-Attacks.
EN
London, April 17:58 Field Marshal Sir Dongisa Haig reports: We successfully counter attacked last night in the neighbourhood of Wate
Our:counter-attack also restored the? situation - as Miteren; which we retain.. We repulsed with loss repeated. tacks northward of Bailleul, Our fire at cloze | range caught bodies of the enemy infantry advancing in close formation, inflicting heavy casualtion. The enemy endeavour. ed to develop an attack at noon yesterday of Robeog, but our artillery broke up the advance. In consequenes of the enemy's progress on the Lys front, our troops in formsed, positions eastward of Ypres withdrew to a new line. The withdrawal was carried ont deliberately and was undisturb ed by the enemy. German parties advancing over our old " positions were caught and destroyed by the fire of our zoqtposts. We drove out parties who entered our trenches.. opposite Boyelles, where our line has been completely restored. There was considerably increased hostile artillery- ing this morning on the British front southward of Bomme
· Terrific and Unintermittest Gun Fire."!;
London, April 17.
Reuter's correspondent at British Headquarters, witing: to-day, saya: In the course of three years' experience of this war I have never heard such terriño and, umintermittent gun fire aa has been going on since yesterday afternoon and is still proceeding. It is like the roar of a factory, full of high-speed machinery parts of which are constantly crashing through the roof and the walls. The battle is raging with incredible intensity. But, notwithstanding the weigh and desperation of the attacks, the enemy has not gained further ground, Perhaps the best news was last night when we were advancing in the neighbourhood of Wyschacte. Early yesterday the enemy heavily and determinedly attacked the Daamstrasse line where he was beaten off. Our artillery dispersed large bodies concentrating for another attempt. The Daamstrasse Rector is midway between Hollebeke and St. Eloi. Among the many attacks yesterday one of the greatest was against the Zillebecka sector. Here the enemy's massed waves were shot down like mown hay. They were ordered to retire whereupon our gunners got them in the flanks with open sights. The slaughter was appalling. The famous letning Virgin of Albert Cathedral was shot down by the Germans yesterday.
Successful French Coups de Ma'no
Lendon, April 17.
A French communique says: There has been fairiy great reciprocal artillerying and patrol encounters on the front of the Somme and Oise. We efected several "coups de main," notably south-west of Butte da Mesnil, in the region of Tabure and north of Fluey. We took prisoners An enemy attack east of Samogneux on the right of the Meuse failed.
Enemy's Terrible Losses.
London, April 17,
A semi-official message says: The enemy has paid for his success between Bailleul and Neave Eglise with frightful hecatombs of dead. Whole battalions were thrown in with unexampled disregard of human life. Undoubtedly the enemy will continue the battle with fresh reinforcements and fresh sacrifices. His objective is clear, namely to tarn the range of heights rising 150 metres above the plain in a triangle formed by Cassel and Bailleul. This operation de mands little time and the French and British forces may stop it
Allied
The Allled Liae Unbroken.
London, April1?.
The gravity of the position resulting from the latest German successes is admitted by the newspapers, but still there is no note of despondency. It is recognised that the British army is assigned the arduous role of delaying the advance of a numerically superior enemy. It is holding. most tenaciously every foot of the ground buť disaster-is animaginable for the Allied line is still unbroken. In this connection Bir Douglas Haig's appeal to the troops is recalled wherein he spoko of French forces hurrying to sup port and the confidence he felt that they would intervene at the proper time. This is a repetition of Verdan on a gran der scale, with Bailleul, Neuve Eglise and Wytschsete exch representing Thiaumont Farm. All are offered to the enemy at the price of his exhaustion. Ana-
Their objective last week was Bethune. They were held there and they tried Hazebrouck which is a more important centre than Bailleur, but were stopped here also, They are now exerting strength northwards, but the previous two failures and also that at Amiens, justify the hope that the enemy may be stopped again. A disquieting feature is the ovidence that the enemy is still bringing fresh divisions from Russia enabling them to increase their weight and pressure.
Enemy's Supply of Reserves.
London, April 17,
The "Timer" declares that the Germans can draw re- serves from Hessia for months. Correspondents testify from their own experience to the magnificent spirit of the English and Scottish regiments who are fighting so sturdily. Every man is convinced of ultimate victory. Some writers suggest that Admiral Beatty's sweep of the Cattegat is connected with the anticipation of an attempt by the German fleet to participate in the offensive.
German Report.
London, Apr 17.
A wireless German official message states: We have captared Poolcappelle and Langemerk
H A
M P
C N
0
As originally supplied to NAPOLEON The Great.
SOLE AGENTS FOR CHINA
H. RUTTONJEE & SON 6 QUEEN'S
HOAD
COMMERCIAL-NEWS.
Great Increase sin: Bank of
Sun Japan Loans:-
There has been a remarkable inoreses in the donlarching loo
BANKS
BANK OF CANTOK LIMITED.
OREIGN EXCHANGE and Gene
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INTEREST ON FIXED DEPOSITS:
Tor 3 Months 3% per annum,
For 6 Months 47 per annum.
For 12 Months 41% per annum LOOK POON SHAN;
Chief Manager.
BANQUE INDUSTRIELLE DE CHINE.
12,500,000.
BANKS HONGKONG & SHANGHAI
- BANKING CORPORA-
TION, Paid-up Capital .........$14,000.000 RESERVE FUND81.
Bloring
£1,500,000 at 24-
$15,000,000. Silver::$19,500,000.
Reserve "Liability of
Proprietors:
$74.500 000
#$15,000,000 COURT OF DIRECTORS, Row.. P., Boyos)—– Chaty 3. G. T. M. TAKing, Esq.-Deputy Chairman 7. C*Batibus. LV. D. Paar, Rage 5. H. Dedwell, E. Pactonclong c
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IN
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ON FILED DEPOINTINGS For month, 21 per caki, per aseza);
vžg months, 4 per cand p
NFSTA
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HONGKONG SAVINGS BANK
THX Buston of ita ahora Bank in conducand the EDIGKONG AND SHANGHAI RANKING CORPORATION Racha jezy be oberized on application gây c INTEREST on deposta l' allowed de ina ndan
of the Csaks branch of the Back AD OFFICE, HONGKONG of Japan. During the last few Jears, a period charsoterised by the essinen of the money markel, the bank has had only small loans ia Oska except for advances to the Klahıma Bank. · It is true that at the end of the month or year outstanding loans would i facemes, but these need to be reimbursed upon the turn of the month or year. The accom- modation to the Kitshama Bank, which was made when that Institution was involved in serious embarrassments some years ago, wan' repaid toward the end of Isat year, and as a result loans outstanding at the Osaka branch of the Bank of Japan in the early part of January last amounted to only about Y1,000,000. The money market then assumed s tendency to become stringent, owing to the combined effects of Subscribed Capital... Francs 45,000,700.
Bridyo the old calendar yearly settlements)-(14 of the Capits', is Francs 15,000,000 being immediately followed by subscribed by the Goverment of thermoothly balancats) the vale of British
Chinese Repolio.) Treasury Bille, coupled with
Chairman of the g the adverre balance of trade Board of Directora André Berthelot General Manager A: J. Pernotie and the appa hinsions of bankers concerning the military situation. The money market has since continued strong with some tem- porary charges, and scoording) SHANGHAI there has been a growing inor 866 HONGKONG in the loss outstanding at the Bank of Japan., Thia tendency In became phonopnced in? March. At the end of February the loans amounted to Y20,650,000, which naturally deareseed on the turn of the month, yet on" March" "End" the balance of outstanding loans socanted to no less than.117,- 460,000 The figure continned Fixed Deposits in Local Currency and in
the Y10,000,000 level Gold. Terms on application except on March, 20th and 23rd, when it stood at about | Y8,000,000, until on the 30thJhe? |losas amounted to no less than Y26,830,000, an amount which
03
yen
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Interest a Current Accounts and
Every description of Banking and Exchange business transacted.
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.... Manager. HONGKONG BRANCE,
Queen's Building,
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is the largest ever attained by the Osaka branch of the Bink- of · A Japan. As already stated, the iroresee is partly due to the stringency of the money market, but the main reason is the fact | that Masada, Fujimoto, and other bill krokers, bare lately been ex- tensively taking advantage of the lowness of the Bank of Japan rate on loacs, as compared with the markst quotations, to obtain spinning bills and get them re- discounted at the bank. To this practice exception is taken by some banka and those small bill brokers who have no accounta with the Bank of Japan-Japan
Chronicle.
T/T
EXCHANGE.
SELLING.
3/136 Demand MENNT UM 30 dit.com 3/19% 60/B................... 3/134
4 m/s....................................... 3/13 T/T Shanghai......... Nom.
T/T Singapore
133-
T/T Japan.
14994
T/T India
Nom
Demand, India .............. Nom. T/T San Francis-1
704
so & New York! T/T Java... 1591⁄4 T/T Marks................. Nom. T/T Francs
4.25 Demand, Paris 4.2514
BUYING.
4 m/s. L/O
4 m/s DP......
3125 3/334
6 m/s. LO3/3
30 d/s. Sydney &
Melbourne M.
Sở đa Bán TreDC 7
isco & New York 7514
4 m/s. Marki Nom.
é mís. Franos um 440- 6 in. Francs 645- Demand, Germany. - Demand, New York, 74% T/T-Bombayursane Demand, Bombsy... Nom. T/T Calcutta en
Demand, Calcutta... Nom. Demand, Manila ... 14834 Demand, Singapors. 133 ^- On Ephong
On Saigon
On Bangkok
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1944 2
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Gold Leaf, per OLI, 48404 Bar Silver, per oz.
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10.00 AM.
11.00 L FLRAK. 10... 1180 NoOM 1985 Beck to 1.00 7.
WIRES GARE sa an Wank Days
BACKDAYS –
Betes. Cor. 31 Midsighs, SPECIAL CARE
Hesam sad pomen tekets avaliable for all Men net sirkely full, runssing as the, thus) stated Es the Company's time tablas, das not for ipsosi))) ERTS, Dam be obtained an appkostion Lall, she Company's Oslos --Na Besson takes will be farană cînd payzieni liperetur: has been inada IMBank Bites or by Obegne or ConSPELŐOTE
cukar zapomnieling Bank Boing m
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THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD. (Capital Paid up.--$1,250,000,)
Lamia an Mortgags of Bones Zropecky, Da Mende tanečval of Moses
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Laman sendo us, the Providers Systett,
Chiles and Faciloglars ón.
SHEWAN, TOMBS &:00,,
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Dajcahoer way thansary at their option belong of Sion or mors to the Hongcoleg and has Back to be placed, on THEDREPOSIT
For the Hongkong and Shanghal Basking Corporan tion.
N.-J. STABB,
Chief Manager.
THE CHARTERED BANK OF INDIA. AUSTRALIA AND CHINA.
Lacorporated by Royal Churze 1855
IN E BAR. CUPTOR LONDON: PAIDOW CAPITAL RESERTA FUND RESERVE LIABILITY OF
FEROPRIETORS... 2253 is
med 1,900,000/ #2,900,000,
· POBEGN EXCHANGE and General--Bářič
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DEPOSITS 'received for 1 yans ce shouta perioda, at- takes which will be quoted on application,
1C DOWNING,
Manager- Hongkong, 11th April, 1912.
THE MERCANTILE BANI 0) INDIA, LIMITED,
Head Office 15, Gracechurel.
Street, London.
Authorised Capital%2£1,500,000 Subscribed
Paid Up Reserve Fund
**** 1,125,000
BANK ERK. The Bark of England.
The London Joint Stock Bank, LAR
BRANCH pro
Bombay
C2iction
Colomb>
Cubi
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Kandy
Port Lowls Mauritius)
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INTERNATIONALI BANKING CORPORATION,
BEAD OFFICE
55. Wall Fly Now Yarle- LONDON OFFICE P
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yo
THE
ZOKOHAMA SPECIE BANE LIMITED.
Auth Paid-up Beserve
Head
Established 1880,
pital
50%
EISHI ON
Canton 20
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23,100,000
11th 3arch 1918