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SOLE AGENTS SHEWAN TOMES & Co., HONG KONG,
THE HONGKONG TELEGRAPH,
OUR LOST FOREIGN TRADE:
A NEW SCHEME TO
RECOVER IT.
CREDIT INSURANCE.
TUESDAY, AUGUST 16, 1927.
£500,000 ART COLLECTION.
'SIR J. DUVEEN'S BIG PURCHASE,
London, July 13:
Sir Joseph Duveen has just con cluded the purchase for $500,000 of the entire collection of celebrated Founded on the recommenda-
paintings belonging to Mr. Robert tlons of the Credit Insurance Com-H Benson, J.P., of London, and mtitee, set up by Mr. Arthur Buckhurat, Sussex. This gather Michael Samuel, Secretary to the ing of paintings is the greatest Overseas Trade Department, single collection of Italian master Government acheme to assist picces in any private gallery in British manufacturers to recapture Europe. foreign markets has been com-
pleted, writes the political cor respondent of a Home paper.
It provides British manufacturers with a guarantee against loss through granting credit to foreign importers, and places at the dis- posal of the British manufacturer a trade information service to assist him in judging to what extent trade is worth cultivating with a particular country or Individual firm in that country.
In the contract which the manu- facturer will be required to sign every effort has been made to use the simplest language only.
The need for the scheme has been demonstrated by the increas- ing grants of credit to foreign importers by other countries, It was found that British manufae turers were frequently losing or ders because they could not afford to risk incurring bad debts with foreigners who defaulted in whole or part at the expiration of the credit period.
Moverover, the British manu- facturer, fully occupied in manag- ing his business, had insuficient opportunity to study closely condi- tions in foreign markets, and was ill-equipped to proceed against a defaulting foreign importer.
Some Examples,
can gallary occupies a higher place No private European or Ameri- in the opinion of art crities and historians, and no collection has
even been established aoʻhighly ex- pressive of its owner's aesthetic taste.
.1
A UNIQUE LEGAL PUZZLE.
·SEQUEL TO CRIME ON A BRITISH SHIP.
VICTIM DIES ABROAD.
An unprecedented case WGS heard at the Old Bailey last anth. The circumstances were
these
A British steamer, King Bled dyn, was on a voyage to Genoa, when a galley boy, a Dane named drink. He attacked the third Frederiksen, ran amok while in engineer, Benjamin Burgess, with a knife, and also stabbed George Blagg, who went to Burgess's
assistance....
Burgess was put ashore at Las Paimas, where he died; Blagg re- covered.
.
The pictures in this collection have long been known to the public through the numerous loan exhibi- tions held a London and elsewhere to which Mr. Berson was always a Recently, Frederiksen was put moat generous contributor, · · In on trial on a charge of attempted forming the collection the predi-murder only. When Mr. Justice lections of Mr. Benson were en- Swift expressed surprise counsel tirely for the Italian schools of the said that the reason why Frederik- 14th to the 16th century, and above sen was not charged with murder ail for the Great Venetian school was because, although Burgess and its branches... Thus the col- was stabbed on an English ahip, lection comprises eleven pic he died on Spanish territory. turos of the Madonna and her Child alone, ten of the Madonna attended by saints or angels, eighteen episodes in the life of Christ, and ten paintings of angels, saints, and legends. In six cases there are panels which include portraits of founders or donors who commissioned the pictures for their cells or private altars. Fur- ther. there are
seven portraits, mostly of the 15th and early 16th centuries, Sienese.. Florentine, Milanese, and Venetian.
The Florentines,
1
The Florentiners begin with Giotto's followers and proceed The scheme which is now avail-through Chirlandajo, Botticelli, and able to exports—it has, in fact, others up to Andrea del Sarto; been operating in an experimen- while the Milanese, of this collee tal way during the past six months tion contain, in Luini, examples of is designed to meet all these the perfection of the native art of difficulties. For example.
Lombardy, as well as of what it be came after the advent of Leonardo. The Central Italians start with a follower of Niccolo da Foligno, and proceed through the school of. Fiorenzo di Lorenzo to Signorelli.
A manufacturer wishing to sell £10,000 worth of goods to a foreign importer who demands six montha' credit can ask the Export Credits Guarantee Department to share the risk. The percentage of risk to be shared would be the subject for discussion.
Special mention must be made of some notable works which bear the stamp of supremeTMsignificance and Through the British Consular rank with the greatest masterpieces Service, trade commissioners, and in the world. Among the Sienese pictures are four panels by Duccio other diplomatic commercial ser
di Buoninsegna (1265-1319) which vices, the department will ascer tain the standing of the foreign represent scenes from the Life of firm in question and would advise Christ and include "The Tempta- the British firm on political condition," "Christ and the Woman of Lions which may have their bear-Samaria," "The Raising of La- ing on trade with a particular zarus." and "The Calling of Peter
and Andrew." country.
"Of great importance, too, are At a charge which would proban "Annunciation," 15 x 18 inches, ably average from 1⁄2 to 1 per cent. Giovanni di Benvenuto (1470- on the value of the contract, 1524), a portrait of Lorenzo de' the department will insure Medici's banking partner, Fran- the British exporter against
cesco Sassetti, and his son, Teodoro; failure of the foreign purchaser to and hauntingly beautiful "Hylas meet his obligations at the end of and the Nymphs," by Plero di the credit period.
Cosimo, and a circular Madonna and Child by Andrea del Sarto.
The full amount insured will be paid immediately by the depart- ment to the British exporter. Any balance recovered by the depart ment, which will assume respon- sibility for collection of the debt, will be shared between the exporter and the department in proportion to the percentage in- sured.
M
The object being sought by the is committee which ndvisory administering the scheme is to make the service pay for itself, though the sum of £26,000,000 is available out of which to meet irrecoverable losses.
OVATION FOR PRIEST.
I
It is sad reflection that the pre- sent economic condition points to the inevitability of the loss to Eng- land of this wonderful collection, which will most likely be dispersed among the millionaires' houses across the Atlantic.
LOST AIR STAMPS.
MYSTERY OF THE FRENCH
...POST OFFICE,
Paris, July 8. Ingurios are being made by the French Post Office into the theft of the stamps from the numerous air mail brought across the ANGLO-CATHOLIC WHO WENT Atlantic by Commander Byrd.
TO PRISON.
The mail was handed in at Ver-sur-Mer by the United States airman, and all the stamps were The Rev. Father Arthur Tooth, then on the letters and were duly the oldest veteran of the Anglo-obliterater by the Ver-sur-Mer Catholic movement, who went to post office.
prison in 1877 for wearing illegal The mailbags were made up vestments, made a dramatic appearance on the platform of the Royal Albert Hall in mail week,
Father Tooth, who is nearly 90, was received by the chairman, the
and sent to Caen, and thence on the following day to Paris, but when they arrived at the General Post Office there the stamps were gone.
Trans
Bishop of Nassau, who rose from The most-sought for him seat and led him to the roatatlantic air stamp..is the stamp rum amid a storm of applause that franked the mail: carried by which lasted for some minutes. Hawker on his flight from New- The day was the 61st anniversary foundland in 1919. The Hawker of Father Tooth's ordination as stamp is worth about £75, either a priest of the Church of Eng- unused or used on letter. land, and notwithstanding his great age he delivered a vigorous address....
"What we have really striven for is to bring back the Sacra- ment into the knowledge and fre- quentation of the people of Eng land, sald Lord Hallifax. We desire to see the Mass resume la proper place as the one essential act of Christian worship.".
The new issue of stamps for Newfoundland will include one bearing a view of the spot from: which the first airmen to cross the Atlantic made their start.
About £30,000 has been left to her companion, Elizabeth. Auld Craig, by Mrs. Anne Martha Mills Boyce, of 16, Belsize-crescent, He hoped soon to make public Hampstead, N.W., who died last the results of his negotiations, March, leaving £45,025, with net which had extended over the past personalty £44,754. She made be five years and which were begun quests to relativea and others- with the late Cardinal Mercier at including $200 to the Hampstead Malines, Belgium, regarding steps General Hospital totalling about to be taken for the reunion of the £11,000, and the residue goes, as Church.
already atated, to her companion.
His Lordship: Have you ever before known of a man being tried for attempted murder when, in fact, the victim has died?
Prosecuting Counsel: It is not within my experience,
Suppose the Spanish authorities extradite him for sought to murder?-They could, of course, apply for his extradition.
Mr. Justice Swift said he did not think it desirable to try the man for attempted murder when some other country might desire to prosecute him for murder.
The trial then proceeded for the attempted murder of Blagg only.
Frederiksen was found 'not guilty of attempted murder, but guilty of wounding with intent Lo do grievous bodily harm, and was sentenced to seven years' penal servitude.
POLAR CAKE
IT'S QUALITY · THAT COUNTS
To All Serious Minded People
Fancy Stiggests
the immediate purchase of something which, at the moment, seems immensely desirable. Life is short at best, and uncertahy, so why not enjoy
to the utmost. That's human. Though the example of others the Repalec will come to possess some thing which, deep down in your heart you know you cannot afford, and which, after the new- news has wom off, will prove a source of worry..
Prudence Directs
- W. the saving of a definira percentage of your. 'in come so that later and dependen years may be enjoyed. A maliy diy will come to you as it docs to all- maka perparation to meet it. Instead of spending every dollag marised, muud ka mödition anticipating next year's income to provide for some pissing fancy, why not rega hrly set aside a portion of your earnings and enjoy francial ins dependence?
Buy all the Endowment lanirance you can carry. It is a sure way to pop, chase independence at fifty-five or sixty. Should the inevitable happen a replaces your eaming power. Moreover, there will be no unpaid installments to pay after your death.
THE
MANUFACTURERS LIFE
INSURANCE COMPANY ARNHOLD & CO., LTD. AGENTS,
HONGKONG.
French Bank Building,
Tel. Co. 1500
Wout obliptica, kiedy handh me si, petsendon of Prácnement Sommencon bont endind
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