NOTICE
Mischa Elman Plays a Grieg Nocturne
"Nocturne" (Op. 54, No. 4)
This is one of the most delicately and elusively poetic records that ¡Mischa Elsan has ever made. Even our workaday selves are paided away by the beauty of this "night-piece until we feel, like poets, too, for the poamt, the full mysterious magic nf the darkness
Victor Red Sea kena Tiši]
OTHER INTERESTING RECORDS BY ELMAN,
64642 Capriccio (Scarlatti)
64594 The Dew is Sparkling (Rubinstein) 64121
Minuet in G. No. 2 (Beethoven)
64536 Pastorale (Scarlatti) 61201 Rigaudon (Monsigny) 64123 Serenade (Drigo) 64197 Traumerei (Schumann) -64821 Tango (Albeniz-Elman)
61643 Valse Caprice (Rissland) 74601 Kol Nidrei (Max Bruch) 74053 Melodie (Tschaikowsky) 75165 Rondo Capriccioso (Saint-Saens}
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THE HONGKONG-TELEGRAPH.
THURSDAY, DECEMBER – 16, ––-1920.-
INTERNATIONAL GREDIT - |carmarked for armaments and
SCHEMES.
| pròparations for war.
Summary of Brussels Proceedings.
The conference affirmed with
| emphasis that the world could not
SHIPPING NEWS.
T.K.K's PORTS OF CALL. With reference to the report
go on supporting such an expendi ture and that it is only by a policy regarding the projected elimina- of complate and frank cooperation|tion of the port of Nagasaki frsta The International Financial that the nations of the world can the schedules of the T.K.K. boats, Conference bald સર Brussels hope to regain their former it is probable that the company adopted the report of the com- prosperity. For such a restoration will not, after all, cut out the mission on international credits, it is essential that all nations Nagasaki call in favour of
Imeasures *-*
+
TWO NEW SUBSIDISED JAPANESE LINES,
The report recapitulates the should employ the whole of their Dairen. The company proposes general considerations inspiring|uational wealth on expenditure of to maks Dairen a part of call for the conference and declare that a strictly productive nature. two or three of its smaller ¡its members were driven to the The conference therefore makes steamers, however,
conclusion that do single system a formal request that the Council could alone satisfy the multiple of the League of Nations shall needs of the various countries, confer as soon as possible with It is stated that beginning on and that they atcordingly recom-the Governments interested with January I two new shipping lines, manded the Council of the League the object of reaching an -greons to Shanghai and the other to of Nations to adopt the following ment for a general reduction in northern ports, will be subsidised the crushing expenditure which, by the Japanese Government. INTERNATIONAL CREDIT BONDS. With armaments at their present The subsidy for the former is Y. An international body should level, has to be borne by the im-215,000 and for the lattor Y. be placed at the disposal of all Poserished peoples of the world, 117,000. The Shanghai nsrsters States desiring resource to credit and which is swallowing up their to a new fast passenger service for the payment of essential sources and imperilling the re-which
the NY.K. will open imports, the States to announce storation of prosperity after the between Nagasaki and Shanghai. the guarantees which
ravages of war. The conference they propose to give as security far expresses the hope that the forth- such credit and to negotiate with coming mesting of the Council of the international body as to the the League of Nations will take conditions by which the guaran-energetic measures to attain the tees should be regulated. The desired result.
theat lines.
It was stated in the com-
SP.
"ONE CLASS" PASSENGER SERVICE, There was launched recently from the Fard of Messrs. Harland
MANCHESTERS SHIP CANAL. The Financa Committee of the Manchester City Council report that they have received a com- munication from the Manchester Ship Canal Company asking bonds issued under these guaran- EXCHANGES AND INFLATION. the consent of the Corpora tees would be used as collateral The resolution dealing with tion to borrow £500,000, par: of for credits destined to cover the question of exchanges declare the £2,000,000 of which £550,000| payment for merchandise.
ed it to be of the biggest import-has already been issued-authoris- The object of this plan is to ance that a limit be pot in the ed by the Ship Canal Finance Act furnish the various States with growth of inflation. Govern-1904 [130 means of balping their ments must regulate their expenmunication that during the war nationals to oxtain commercial [diture and revenue: the bank the expenditure by the credits, A committee of financiers must be removed from all politicst company on capital works was and business-men could be ap-induences, the increase in credits necessarily almos: entirely pointed by the Council to the must come to an end, credit must spended, but at the present time League to draft a scheme along not be extended except to satisfy various works are under con. the legitimate economic needs of struction and others have been The Commission also dealt with business, trade must be quickly decided on by the directors and whatare described as "definition" freed of all control, sad all must be proceeded with at an credite, that is, credits by virtue obstacles removed from inter-early date if the port is to remain of which raw materials during national trade and all unnec-in a position to deal with traffic. |sucressive stages of manufacture | cessary expenditure avoided. The shareholders have given cón- and treatment might serve as Further, it is desirable that sent. The Finance Commitee security for loans granted by the countries should retura to the recommend the City Council to exporter or banker. The proceeds gold standard. but the deflation give the necessary consent of the sale of the finished pr duct must take place by degress and are primarily to be devoted to the with the utmost caution. The redemption of these credits. The conference doubts whether any fulfilmen: of the conditions under attempt to stabilise the value of which this type of eradi: is made gold could succeed. It does not and Wolf a Greanock the steam- is expected to meet serious believe in the utility of a system obstacles in 3 number of of international currency. All ship Ballarat, built to the order countries where legislation does attempts to limit the Ductuation of the P. and O. Company, and intended for the "one-class" not adequately protect the ex- of exchanges by establishing porter during the various stages artificial control of operations is Passenger service of the P. and 10. braach line between Lozdən of importation. manufacture, re-vain and harmful. exportation, and sale. The Com- The conference consider that aand Australia, via the Cape. Her principal dimensions are: Longib, missionproposes to recommend the commission ongh: to be set up to 520 feet : bræalth, 64 feet; mould- Council of the League 10 call the continue to collect all usefull attention of the Governments to financial statistics which haveled depth. 41 fast. Besides re-
chambers frigerator this question, and to appoint afbeen lard before the present con- committee of experts to draft ference, and to pursue the study storage of provisions for ship's use, a large portion of her hold measures forembodim:nt in legis-[of the circulation of money.
space will by insulated for the lative form by the interested coun- RELEASE OF TRADE CRGENT. carriage of refrigerated cargo. tries for the solution of this Dealing with the question of The Ballarat will provide ex difficulty.
international commerce, the con-cellent permanent *ong-class SUGGESTIONS TO THE LEAGE ference adopted resolations, first.cabin accommodation for 190 pas- Apart from recommending the expressing confidenes that the sangers, for whose use there will Council of the League to take | Lazue of Nations would leave no sto be extensive and very com- these various proposals in hand stone unturned to ensure the comfortable public rooms and saloons. with a view to their ultimate serplete and frm re-establishment First of & post-war series of ɓve tlement, the Commission reports of peace: secondly. affirm similar vessels, the Ballarat is, in thas it is of the opinion that the ling that astr improve general design, a generous deve- League of Nations would be render-ment in the financial situationlopment of the earlier and po- ing a useful service by pushing depends in a large measure on palar "B" steamers of the P. and forward certain reforms and en- the general re-establishment of O. Branch Line, one of which, ber suring that methodical publicity good understanding between predecessor of the same name, be given to information calculated the nations: thirdly that it is de was, in April. 1917, while carry-1 to facilitate credit operations. sirable that each country shoulding upwards of 1,500 Australian Under this head the Commis exert itself in gradually restoring troops to the United Kingdom, |sion recommends the advisability the freedom of trade which torpedoed by an enemy submarine
of progress in the unification of existed before the
by and sunk, bus without loss of life, legislation in all countries deal-abolishing in particular artificial 732 miles west of the Lizard Light
War
for
the
SHIPS AS PRACTICE TARGETS.
The former German and
ing with bills of exchange and restrictions and differentiations bills of lading: reciprocity in the in price. treatment of branches of foreign In its fourth resolution the banks in the various countries: confer nce expresses thecoviction Austrian vessels surrendered in accordance with the Pesce the interchange of financial that the instability of the ex- information and investigation of changes is of such a nature a Treaty have been placed in three the claims of the holders of tords gravels to impede the normal the second to be destroyed extegories: the first to be used, which have not yet been prii;[resumption of foreign trade. measures for the protection of In the fifth resolution the con-immediately, and the third to be savings; an international underference sags it would welcome employed for "propagands,” and standing regarding securities ang steps that the League of not destroyed for perhaps a year, which have been lost, stolen, or Nations can take to enable coun- their ase being restricted to the destroyed; the creation of an in-tries which are not in a position purposes of propaganda and ternational chamber of compensat present to purchase the rawperiment. The vessels of this last class which have been hand- ation, and an reement to re-i materials necessary for their move the obstacles to interns-reconstruction to obtain them by d over to France include the tional investments raised by sur-the grant of temporary tratemoured cruisers Thuringen and
same time credits on approved bases and
Prinzengen, the craiser "Emden taxes while at the ensuring that every tax-payer earmarked for that particular and the destroyers V. 46, V. 126 and V. 100. The Minister of pays his exact quota of taxation. object.
Marina has decided that the During the discussions the The seventh resolution express-former Austrian armoured cruiser Commission was impressed atles the conviction that in endes- every turn by the fact that vouring to arrive at improved Prinzeugen will be utilised for almost all the proposals submitted conditions & rational use of the experiments with aerial bombs to it required to some extent the transport system of the world is and depth charges in place of the intervention of the League of of vital importance for the re-which will be returned to the old coast-guard vessel Trenouart, Nations.
establishment of internationalf The resolutions relating to trade,
Jards. Gunnery and fire-projec-: public finance are in all cases in
tion experiments will be made at Lorient with the Thuringen and. conformity with those already Referring to the question of bombing practice experiments at published, "and deal with the international credits, the confer-Brest with the Emden. As for balancing of budgets, the ence proposes, in order to enable the destroyers for which no abandonment of all extraor- those nations who are at present special use has yet been found, dinary expenditure of a no-impoverished and helpless to these will be sold after all materi- productive character, the restric-obtain credits on reasonable al, such as spare parts for the tion of extraordinary expenditure conditions in this international er-enemy torpedo-boats which of a productive kind. and the markets, and to inspire confid-bave been Incorporated with the strict reduction of all expenses ugence so that they may procure French Fleet, has been removed. armementes 80 far such the resources to obtain their reduction is compatible with the essential imports, an inter maintenance of national security.national commission should
AS
TO POORER NATIONS.
THE WASTE ON ARMAMENTS. be set up under the the exporting countries the com The passage dealing with auspices of the League of Nations mission would fix on its own re- armamente says that an examin- and be appointed by ite Council sponsibility the amount of the ation of the situation disclosed of the League. After examining gold credits which it felt justified by each of the States represented the actual material guarantees in recommending. Finally, the
the average about 20 per cent, of of-commercial credits – which national expenditure is still might be granted by tradery of
for the conduct off the
NOTICE.
JAEGER
FINE PURE WOOL WEAR
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25 years in wood.
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Gondag Cartr
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Crackers in great variety from 6gets. to $4.50 Box.
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Boys and Girls' Own Antal $5.95
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