LOCAL FINANCE. PROBLEM.
BUSINESS MAN'S VIEWS.
U.S. AND CHINA.
SENATOR BORAH'S OPINION.
'Bola (Idaho), July 29. Senator Boráb, the Chairman of -No matter with whom one speaks in the business circles of the the Senate Foreign Relations Com→ Colony, whether that person be in- mittes bas. declared that the terested in the ordinary business of Chinese situation will be brought importing and exporting, share-bofore the Senate next session, kuroking, shipping, or what else."not because I want trouble, but be- there is a general opinion express cause I believe it is the only way od that the ordinary sources of to prevent trouble. The attitude credit have been too stringently of foreign Powers towards China restricted. There is little or no is keeping that nation from pro- and gressing and maintaining order" liquid cash, investments securities have been rendered prac-Reuter's American Service. tically Immobile and much financial In connection with the above, embarrassment is. ia consequence it is Interesting to note that the American Chamber of Commerce at being experienced.
A prominent business man of the Hankow at a special meeting on June 25th adopted a resolution Colony told the above
emphatically protesting against re- Telegraph representative this morn-cent statements by Senator Borah ing, and went on to express the as distinctly untimely and calcuja- { opinion that a wrongful policy wasted to embolden certain disruptive." being pursued on the part of bark-elements in China. At a time,
to П
reads the resolution, when the
ing institutions generally. Whilst Third International is admittedly
THE HONGKONG TELEGRAPH. THURSDAY, JULY 30, 1925.
OBITUARY.
BARON CHEYLESMORE
London, July 29,
The death is announced of Lord Cheylasmoro,--Reuter.
Herbert Francis Eaton, third; Baron Choylesmore, was born in 1848, the third son of the first holder of the title. He joined the Grenadier Guards on leaving Eton. in 1867,, and commanded the regiment in 1899. He ever- tually-retired-from the army with the rank of Major-General The late Lord Cheylasmore, is best. remembered onthusiastic riflo-shot, and was a formor chairman of the National Rifle Association." He was chair. man of the L. C. C..in 1912. "Hiri Manor of Cheylosmoro, Coventry, Edward the Black Prince. was formenly a possession of
RUBBER RESTRICTION.
AMERICAN REPRESENTATIONS,
London, July 29..
of the
It was essential that banks should concentrating its attention on the In the House of Commons, re- take every possible precaution Far East with a view to creating plying to Camdr. Kenworthy. against underraining their own disorder and chaos it is extremely Mr. Austen Chamberlain said th financial strength, it WAS niso-alvised for a United States Sena- Government had received re- essential, said our informant, that far to give eticouragement to Young presentations with regard to th banks should accommodate "elients China, which is directing its main restriction
export of as far as possible. It was a fact efforts towards stirring up anti-rubber, from the United State that men who had very valuable foreign riots rather than towards Government, through the United securities deposited in some of the
for both States Ambassador. adequate protection banks were unable to, raise little Chinese and Foreigners. The Mt. Chamberlain said he did more than a negligible percentage most voluble section of the student not think he ought to stato the on them and, as a consequence, clement, the protestacontinues, un-contents of representations at were unable to meet present cash mistakably under the domination of present. Ho had replied that he tako them into very obligations. The Chinese banks the Bolsheviks and certain radical would have practieally no paid cash toliticians and is being used serious and immediate considera- offer though their financial stand-ifish militarists who are ruling tion.Reuter.
!
Ing is, in the majority of cases, and ruining this country to-day, i absolutely sound and strong. The Ang support given to this element leading foreign banks have, since is handicapping serious and right- the strike began, adopted an ultra-minded Chinese who have tho ren! conservative policy, Ordinary small interest of China at heart, business overdrafts have been re- fused without the deposit of large ! securities and,in some cases the securities (mostly shure script have been made over to the Bank's name. In some cases, where the of pre-strike marketable value securities was obviously inflated, there must, of necessity, be the greatest of caution excrcised by General for Italy that the Italian the Banks, but as regards the bulk Legation in Peking has just re-
PORT OF FIUME.
AN AGREEMENT REACHED.
We are advised by the Consul
celved the following official tele- gram
of local securities there is surely reasonable expectation of high
"Yesterday morning in the Castle future worth. Trade and the circu- lation of money, said the gentleman of Sangallo, on the Anzio-Nettano Interviewed, is being seriously Riviera, a group of agreements be- handicapped, and it is time thetween Italy and the Jugo-Slavian Banks' realised the dangers of their Kingdom have been signed, setil- present policy.
RICE EMBARGO LIFTED.
い
SUCCESSFUL OUTCOME OF CHINESE REPRESENTATIONS.
ing questions connected with the Agreements for Finme and various economical and cultural interests. Of paramount importance is the settlement of the railway and mari- time traffic, which has been effect- ed with, reciprocal advantage to both contracling parties. Through this settlement the Port of Fiume and its hinterland received a gen- At a meeting of the Trade.Main-eral and satisfactory asset." tenance Bureau this morning it was, announced by the Chairman (Mr." Ho Kwong) that through the good offices of the two Chinese members on the Council (Hon. Mr. Chow Shou son and Hon. Mr. R. H. Kore- wall) the Government has lifted the embargo on the export, of rice.
FIRST AID.
EXAMINATION RESULT.
OBITUARY.
Above is a recent portrait of Mr. E. A. Bancroft, appointed U.S. Ambassador to Japan last
GREAT CLEARANCE SALE.
OF
LADIES' SHOES.
.U
Thursday July 30th Friday July 81st Saturday Aug. 1st.
DAYS "ONLY
ALL NEW MODELS INCLUDED.
White Canvas Shoes From $5.50 Pair.
Kid Buckskin
Evening
Girl's'
Black Walking
Odd Sizes.
"
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影师
$7.50"
$1.00.
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STOCK SIZES 24 TO 8 INCLUSIVE.
FITTINGS. A.B.C.D.
SILK HOSE.
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LANE, CRAWFORD'S
PEDDER STREET.
LADIES' SALON
FRESH MILK
The undernoted are being supplied with FRESH DAIRY FARM MILK twice daily and we recomment those of our customers who find it inconveniend to send to our Depot for supplies to obtain same from eithe; ;———
H. M. HAJEE ESMAIL
2 TIN LOK LANE MORRISON HILL
or
THE INDIAN STORES
46 Queen's Road, East WANCHAT.
year, whose death is now report Dairy Farm Ice & Cold Storage Co., Ltd.
from Tokyo.
Twenty-five years ago packet
of sweet pea seeds wore sent to a man in Australia.". This year the
Al an examination held by Dr.Boeds were planted and arelgrow
ing rapidly.
In a case in which, a Chineno
There is how perfect freedom of G. H. Thomas, the following mem export of rice to all ports as bebers of the Y.M.C.A. Division of fore the strike, and Chinese mer-the St. John Ambulance Brigade was arrested on the 8.8. Charles chants are deeply appreciative of have passed as "Qualified to Hardouin in possession of a sadi- the consideration of the Govern render First Aid to the Injured." tious circular, the Magistrate ment in the matter. With the lift-o Chung Yee, 6th annual test: (Mr. 5. B. B. McElderry) at the Ing of the embargo, some $6,000,000 Yeung Wan-hing and Chak Tai Central Magistracy this morning, worth of rice is again restored to its natural channels of business,Kwong, 4th annual test; Thomas accepted the explanantion of the and the immediate effect of this Sue, Cheng Ching-lam and Pan man that he had been given the will be a considerable easing of the Ship Kwai, 3rd annual test; N paper in Macao. Whilst not tak Po Lau, 2nd annual teat; Wonging a serious view of the case, money market,
With the general, situation re-Shu Wah, Lam Kef Yan, Lo Tung bis Worship at the same time sald turning to normal, the merchants fan, Ho Sai On, Ho Sai Yan. Tam that people must not bring these Min U. Lau Ping Kee, Joseph things into the Colony. He fined will now seek the lifting of the Leung, Ng Hon Sang, Kwan Kin defondant $25. embargo against other provisions insofar as this measure is consis- Wing, Wu. Shiu Chee, Tong Fu tent with the conserva-Sum, Li Chee Chung, Leung Chik Wai, Cheng Kam Hon, Cheung Ho tion of the necessary amount
for local consumption. Every Chee,J. Gomes and Pun Kwong! day something is being done Kuen, 1st annual test.
by the Trade Maintenance Bureau
All the above rendered good
in its own particular sphere to re-service in connection with the Po
lieve the situation brought about Hing Fong disaster.
by the general strike and its efforts
are deserving of support both front
the general population and Govern-PRINCE LEAVES SOUTH ment alike.
AFRICA.
SIAMESE ROYALTY GREATLY ENJOYED HIS VISIT.
VISIT FRANCE.
Cape Town, July 29. The Prince of Wales has sailed for South America aboard the
Marseilles, July 29. Repulse. Ho enormously enjoyed Princess and Prince Mahidol his private stay in the peninsula, Songkhla, the fourth brother of mountaineering, golfing, playing Slam's King, arrived here aboard squash rackets, and riding with the the President Adams.-Hevas,
Cape hunt. He climbed Tablet Mountain yesterday for a last glimpse of the hinterland. He lunched with the Earl and Countess of Athlone to-day, the Ministers being prosent-Reuter
The Empress of Canada, whioh left Hongkong on July 10th, ar Crived at Vancouver on July 27th
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MACGREGOR'S V.O.S. WHISKY. "FINEST LIQUEUR.”
The Connoisseur Comes to Caldbeck's
Caldbeck Macgregor & Co., Ltd.
15, Queen's Road Central,
Powell i
Telephone C, 3146,
LAST DAYS
OF OUR
20%
DISCOUNT SALE
NOTE
ENDS
ON
Saturday, August 1st.
The ALEXANDRA CAFE
Opening Hours ..
From 7.00 a.m. To 9,00 p.m.
BREAD
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AND
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AND
SODA FOUNTAIN
AN ENDOWMENT INSURANCE POLICY will enable your family to redeem the mortgage on your house if you die, and will enable you to pay it yourself if you live.
INSURE WITH
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-LTD.
All Classes of Life Insurance Business Transacted.::
Life Assurance Department,
Tel. C. 1121.
St. Georgo's Building, Hongkong,
G, FALCONER & CO. (HONGKONG) Ltd.
UNION BUILDING (OPPOSITE G.P.O.)
WATCH & CHRONOMETER MAKERS, JEWELLERS DIAMOND MERCHANTS.
A fine selection of English Jewellery, Sterling Silver Wars, Watchos and Clocks always on hand. Agents for:-
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We invite the Public to call and Inspect our varied stook, and compazo prices,
Over half century's reputation throughout thə) East so the House of Quality.
1855.
Talophone 75 Central.
Established