TUESDAY, MARCH 18, 1919
EARLIER TELEGRAMS.
(Rewer's, Service to the China Mail)
-GERMAN SITUATION.
DOPENHAGEN, March 8th. Aaietfcial statement from Berlin escribes the struggle at the Police Pre- fecture.
The garrison beat back foreg, storining attacks lasting hours." The eney, which was composed partly of armed, workmen from the big factories, deserters, releaseit war prisoners and marines, employed- artillery and Geld howitzers. A mail detachment kained, a temporary footing, In the sout's wing, but were dislodged.
During the afternoon, Government trong attacked at all points and wint
The volunteers en mengerases, tarely cleared the Alexander Platz.
The insurgent mýlitia guard at the Real mews fired in the Tovernment treep, who stormed the building and dis hamled the Ggard.” In ennsequence of the aprike atending to the electric works, parge (of Berlin were without lights at Dight...
Although the main efforts of the Span tavists in Berlin have bein defeated, the latest news shows that the general situa
rian in Demuany continues to disquiet the „Governinent.
Bat March 13th.
A message from Berlin states than six- tren collieries in Nilsiä strnek. (Aply fomented Jo Spartcises, from Berlin, bas discovered in Breslau,
opti
a here, the Cornment troops occupied publi- buildings to prevent, their seizure. V Fosatrón thousand minges. in the coal-
sins of Saxony struck.
An outbreak is apprehended, in Ham
(Corpopondente, in Berlin' state that, sime March th, artillerying, machines zubning and airhombing has been going on in the barbs, where the Spartneist's are still holding up.
Coresiidist March 7th
Berlin
Amiofficial statement Stated that Governmem trius cleared the Myander Platz and wetipied the Pulice Presidence.
There had been sporadie sharing 113 the Wilkin Platz and Government trooped here other points.
guarding - the „nas strikers. - The nav. division hal bag disbanded. - Pighing in the inserior of the city hat
tet!
П
COPENHAGEN, March 7th.
The losses along the Government, troops were emmpara. ¡vely trifling. They exp red many prisoners. The total caspal is exceed 100 killed, and wounded, in- elling many civilinus
A delegation of strikers, arrived at Wir during the day.
COPENHAGEN, March 5th,
A sem ofheial statemem, from Harlin, says that on the evening of March 7th insurgent marine and militi eenverted the Admiralty Offices into a fort which was defended with machine guns
and other modern weapons. Government pe fired three rounds from heavy howitzers hitting the building. where upon one of the defenders fled. Others showed the white flag and evounted the promise, after which civiliane plondered The buildings.
COPENHAGEN, March 8th.
The latest news from Germans is that the ignation of the Seheidemann abinet is possible. It is believed that President Ebert favours this.
COPENHAGES, Märch sth. There are no newspapers in Berlin at present owing to the strike of the prin fes and compositors, while, owing to sia complete tessution of the railways, uptor hurries are carrying people from the saleurbe 14 the gity.
COPENHAGEN, March 8th.
PM
The National Assembly at Weimar qon- fines to attempt to pacify the Extrem- iste by Morialtie legislation. The As sembly has now enacted a law providing that every German shall be given an opportunity of earning a living or
it disabled. The Spartacists
terrorising Spandau where most of the factories have stopped owing to the lack of electricity. A Volunteer Corps under General "Raf- teen drupled all the public buildings.
COPENHAGEN,
March 6th. A message from Berlin, dated March with that, yesterday afteracun, the ting of the Spartacist who attempt et to bomb the dour of the Prefecture, tora general firing on the Fre feature from the surrounding houses and fret Government troops replied from Prefecture. Detachnicate of sailors,
1
in the course of the afternoon, crept- are and nearer to the Prefecture. placed machineguns in the adjoining
regis, and erreted barricades.
A naval serve Division and puriians, of the Republican militia joined, the Spartacists,
COPENHAGEN, March 6th.
A sage from Berlin, dated March Both rates that, in the neighbourhood of the Pulic Freiecture and the Axander Platz heavy fighting occurred during the night. The fighting still continues.
COPENHAGEN, Marel 4th. The sumpositors and
printers of
of the Wolff Burean struck yesterday evening,
LONDON, March 9th.
A semi-ofhein message front Berlin, dated the evening of March 8th, deeltras that the general strike has practically
..onded.
The underground trains have resinned. " services and the compositors and printera have returned to work. The Berlin Trade Union Commission, almost unanimously. favour the ending of the strike, but the decision of the Workers' Council carries greater weight in Berlin.
It is not yet known. fully what can ditions the Plenary Assembly of the Workers Councils has laid down for nding the strike. They probably, will include no punishment, the release of those arrested, and the withdrawal the military fores from factories and also be withdrawal of the volunteer troops.
A message from Berlin states that the #trikes in Erfurt have also ended. Martial law has not yet been repeated.
Belia Spartacista hoisted the Imperial standard at the Palace. It was immedi ately removed by Government troops,
LONDON, March 10th.
A German wireless message, dated Barch 4th, estimates the casualties in Berlin at one thousand and says that if final resistance has not yet been complete- 17 broken, at least the crisis has safely. been parsed., plan
After the interior of the eite has been": cleared on Saturday, the Spartacists. fought in the suburta Their principal tortrets is the Bostow Brewers, which
the Government troops are, bombarding with heavy howitzers directed by air-men, while aeroplanes are bombing the Bre Wery.
Many houses in the Alexander Platz and in the neighbourhood have collapsed as the result of the previous days' Bo- bardments.
The report of Allied agents, who visited Germany, attributes the realot. Spartacism in Germany to the fact that the Bolsheviks promias, food, which, thự report says, must certainly be sent to Germany if Bolshevism" is to be sup pressed. The
report suggests that another heavy blow ent he enle to Bolshevist pro paganda if the Matruté forbuds any bank arside, Russia, to recept roubles for a certain period
The Spartacity would then soon find
funds rumming short, German busi ness men profce readiness To werpt any conditions, rather than fali into the hands of the Bolsheviks, but all non-Bel- shevik parties nege the necessity of inmediate assistance by the Entente.
OUR SYMPATHETIC SOLDIERS. PARA, March 8th.
זו
The Supreme Council reached an agree ment regarding the Spa' deadlock, "Mr. Lloyd George read a letter from a British General stating that the British soldiers complained of the suffering of women and children in viermuiny. The letter largely influenced the Coageil's decision.
Reuter learns that the decision pề thế Allies to feed Germany to speedily as possible is due to reports Frame As who have visited Berlin and orber cities, They state that the supplies of ur will only fast till the middle of arch.
I thought that the routinuation of si under feeding will producers Bal- shevik ombraku,
The Government methods to embut *Belshgyism are inadequate and immediate
penice" is novARSALS,
Panes, March. Sch
The Government ageni sh have just returned from atonement tous of Gor miany where they investigated the food sthuntion and the manquent Spread of Bolshevism, have reported that the vin ditions in Prussia and Saxony jare very serious.
The Russians are regarded as beranoes and toe pessibility of the junction of the German and Russian fores on the East Pront is in no way eeldatud. "
General Hindenburg's army, which is engoed of nearly 200.00e men, will be more than sufficient in Pheck the Bol- shevile danger, if the troops are
tready impregnated with Bolshevism, but here is not a single solid "regiment in Germany.
BELGIUM v. HOLLAND.
་་
TOT
THE HAGUE. March 10th. According to the Nieuwe Courant, the authorities at Brussels and Antwerp seized some Datch river viser
BRITISH TRADE.
to
The Board of Trade announer that the iderentes in imports anted £8,044,321, and in experts tr compared with Februaly, 1918.
the
PADEREWSKI,
Pusex, March 4th. M. Pailerewski cane to Busen today. to consult the Inter-Allied Mission and the National Council es Posen regarding Lemberg, which is in extreme capture by the Ukraining, wha, pare cut ent therahg rendering Te victualling
"impossible. Moreover, the, Polish forces at Lemberg are far inferior to the Ukrainians The only perdibility of saving the town is to send trops from the Posen German front, which is difficult, as the tormand continue their daily attacks,
unly lie uf communications.
GERMANS STUBBORN,
Paxis, March 11th.
A Hayas message says:-- Considerable attention is being attract ed in Paris to the news of the rupture of negotiations between the Inter-Allied and German delegates al Posen discussing the situation of the Polish and German fortes on the Dantzig-Thorn railway. It is stated that the German delegates through os have shown an obvious ill-disposition to negotiate.
14
IF PROPERLY CULTIVATED,
LONDON, March 9th." Interviewed by the National Nars, Sir Auckland Geddes said that the Govern ment were basing their Reconstruction. plans on the estimate that the United Kingdom, properly cultivated, could pro- duce enough food for about 30,000,000 people.
The Government's policy for the future was to stimulate agriculture to the ut , and at the same tine to maintain. ur industrial importance.
SURPRISING FIGURES.
LONDON, March 6th. Surprising figures were given before the Coal Commission yesterday It was stated that, a Durham, with a six-hours' shift, the face cost of coal per tod was 175. d. compared with 21s, Sd, in South Walds where hours were longer. Durham raised 58 tons per bead yearly, compared with 53 raised by South Wales, where wages cost 35. d. per ter more than at Durham,
Replying to Mr. Robert Smillie, Mr. R. L. Dickinson admitted that the miners. wages were regulated by the ability of the worst situated mine to pay.
SINN FEINERS RELEASED,
LONDON, March 6th.
In the House of Commons, replying to Mr. MacVeagh, Mr. Ian MacPherson stated that it had been decided to release the Sinn Feiners interned in England.
THE COCAINE CASE.
LONDON, March 7th. M Reginald De Veulle has been com. mitted for trial. Bail in £500 was granted,
THE CHINA MALL.
SHOCKING BEHAVIOUR OF
CANADIAN TROOPA.
KIT AT RHYT
LONDON. March 7th, A Canadian Russian soldier started the Rhyl outbreak by crying Come on, Bolshevist Hundreds of men rushed from their huse, armed with all sorta of weapons, and entered the quarters of. girls, sleeping in the Navy and Army L'antees.
They carried of the girls' vlothes, and smashed and ransacked the soon. Some arrayed theives in girls clothes and then vaided a brewer's dray, consumed the contents and used the bug rels to block the roads.
Cavalry were called out," but were for bidden to ase arus The rioters started the Gghting, compelling the authorities to take strenger measures.
The camp contained 2,000" Canadians. The ringleaders were mostly of foreign extraction.
The damages have been estimated at £80.000.
It is reported that twale were killed. including a Major, from New Brunswick, who had won the Victoria Crosa. - He attempted to keep off the rioters from the officers" quarters and was thrown down. and trampled so death. Another offcég, in acampting to resume hing was badly mauled, and died.
Lesloos, March Telu It was heially announced, from Rhyl, yesterday evening, that the trouble ended The earp by rounding up the rioters. is quiet and there is no danger of further" disturbances.
The Canadian authorities restored order without the assistance of British troops" They informed the War Office that they did not desire the shipping in ereased as a consequence of the outbreak,. as they did not intend to be coerced,
The Canadian authorities asante entire responsibility For disciplinary action and arrested a number of men concerned in the shooting."The disturbance was purely local, and waw nuts due to wide-spread discontent.
were
Tuo hundred long service en angry. it is alleged at the gatriation of more resently sited troops, and started the cutbrens.
APOLOGY FOR BOLSHEVISM.
WARRINGTON, March eth. MA Francuis, the Ambasador, who recently returned from Russia, testify- ing to the Senate Propaganda investigat
ing Committee... id that Mr.
Robins, the former
Gross representat tive of Russia, had returned, the United States, bringing an offer, from the Rolevik wernment of oncessions
the Wiited States similar to those Kiven to Germany by the Brest-Litovsk Trist
M "Stone yesterday, testified the same. to the Coensities and said he did not Lelieve that Lenin and Trotzy were under German in Haence. Mr. Robins consider ed Bolshevisas the venue of the age, bat lid not favoun Ameriena "intervention, because be believed than the people of Russia wanted Bolshevism,
THE UKRAINE.
15
BEANE. Mareb 9th. The Ukrainian Press Bureau states that the military situation in the Ukraine daily being more serious Two Bol- shevik amies, abundantly supplied with gans, munitions and armoured trains, are advancing against Odessa and Vipficza, The Ukrainian Guvernment have decided to evacuate the latter cown. Ikrainian troops... who lick mapitious, are with- drawing towards East Galicia. before numerically superior forces.
FRANCE TO AID THE UKRAINIANS.
The Press Burean publishes a message sent from Odessa by the French Govern- went announcing that Generals Anime and Berthelot have been charged with concluding a treaty with the Ukranian Government for common action against the Bolsheviss, and states that America and Italy are sending representatives to the Ukrainian Government.
DEMOBILIZATION,
!!
Lesvos, March 6th.
In the House of Commons, moving the brend reading of the Naval, Military and Air Force Service Bill. Captain Guest out that it did not deal with pointed officers, of whom there were more than enough, and who were dealt with under Royal Warrant; nor did it deal with the Regular Army,
It was hoped that by May, 'which might nearly coincide with the ratification of pense, three quarters of the Army would be demobilised, and if voluntary recruit ing procceded at the present rate, pos sibly all of the remaining quarter need not be retained.
CHANNEL TUNNEL AGREED ON.
*
PARIS, March 12th.
A Havas message states:- The British and French Governmente have agreed to construct a Channel Tunnel.
It is timated that the Channel Turbel will be completed in about five
PARIS, March 12th
A Havas message states!— The plan to construct a Channel tuonel has the whole-hearted
support of France. Thers can be no better means of cementing the Anglo-French alliance. Government aircies are particularly interested in the cheme as a method for providing em- ployment for demobilised.
It is
recognised both from the point of view of the future policing of Germany and of trade relations that &st impurtant adjunct tunnel will be
Nations. Soon
express
will
to the
A commission in Paris is considering also the building of tunfels under the Bosphorus and the Strait of Gibraltar, making it possible to travel from Logtion to Calcutta Core Capo Towa 'without changing.
LONDON PRESS ON U.S.A. POLITICS.
LONDON, March 8th, The papers, commenting on President Wilson's speech, generally regret that the League of Nations has become an issue 4 American domestic politics, as any idea that President Wilson does not possess a mandate from the American people may affect his position at the Peace Conference, but they rejoice in President Wilson's boldness in counter. attacking, hi, critics, and point out that. the latter's opposition is less to the idea of a League of Nations than to the pro- sent project..
U.S.A,
Washington, March 8th.' Mr. Josephus Daniels, the Secretary of the Navy, poes to Europe next week. accompanied by the heads of the Navy Department, for the purpose of securing information regarding the types of Vessels needed for the American Navy
Mr. Newton D. Baker nila for France April 1st, in connection with demobilisation problems.
on
GERMAN GOLD BESPOKEN,
PARIS, March 11th.
A Havas message states: --- The French bold strong views against a portion of Germany's available supply
gold being used for paying for food, before French and Belgian claims for re- paration and war damage were nestled,
BELGIAN INCIDENT.
BRUSSELS, March 7th While F. M. the King was visiting Louvain a man trying to pass the cordon of troops was stopped by a soldier police- He fired a revolver, wounding bath slightly. The man was arrested and imprisoned in Brussels,
BAN.
This is the sole foundation of the re- port current in Brussels of an attempt to assassinate the King.
PARIS CONFERENCE..
PARIS, March 7th."- Mr. Lloyd George's amended pro- posals for the disarmament of Germany, adopted by the Council this afternoon, are far more stringent than those of the military experts The new proposals were strongly supported by: M.” Clemen-
The Council decided to increase the food being sent to Austria From Sou to 3,000 tons daily rid Flame and' Trieste,, in addition to the 50,000 tuns at Trieste awaiting transportation The Council has referred the question of the Orman cables to the Legal Commission.
NAVAL TERMS,
PARIS, March 7th. The naval terms provide for the lis armantent of the terman Fleet which will be reduced to the limit sufficient for -Police and defence purposes and will
DĚ course, figure among the first class or second class navies,
This
for an indefinite period until the League of Nations derides otherwise.
18
The aerial terms provide for a limited number of hydroplanes with an aerial force of 1,000 men whose work will be to gather thines until October 1st when the entire establishment will end.
LODGE EXPLAINS.
Bosrox, March Sib. Seantor Lodge made 3 statement that he simply desired the proposed League of Nations' Covenant to be thoroughly and carefully discussed, as, if it did not bear discussion, it was not for adoption.
ANGLO-FRENCH TRADE.
PARIS, March 14th.
A Havas message states:- The Committee of the "Federation of British. Industries, their visit to Paris, did good work in the interests of Anglo- French trade. The French Government, will, in future, facilitate the importation" of British goods.
น
PARIS CONFERENCE.
to
The Council will, to-morrow, appoint Military Commission to reach a deci sion regarding the interruption of the. Spa negotiationis, in consequenen of the non delivery of German merchantmen
PARIS, March Stb.
refer The Supreme War Council, with ence to the Spa deadlock, has decided send a note to Germany informing her
that she must carry out the
the conditions of the supplementary Armistice Con rea tion of January 16th, undertaking to put The merchant feet under the control of the Allies. The initer consider that the Germans are not entitled now to make any conditions regarding the delivery of the Beet
Patis, March 7th.
The Germans' at Spa alleged that the reason for the non-delivery of the mer. chantmen" was that the transfer would throw 42.000 German seamen idle. GERMAN REFUSAL A BREACH OF ARMISTICE TERMS
The original Armistice offered, hopes of the Allies helping to feed Germany. and, in the later renewal, Germany con tracted to surrender her merchant vessels. The German refusal to hand over the ships is, therefore, a distinct breach, but the view of the Allies is that the difficulty will soon be solved because, while we cannot allow the Germans to elevate our original intention inte, a contract, sever- theless they must be fed. The Supreme War Council has postponed the discus sion on the subject until
to-morrow. PARIS, March 8th. The Belgian Claims Commission have agreed to the Belgian demand for the Malmedy District now under German domination.
Pears, March 1915)
A Havas merange states --- The progress made by the Peace Con- ference during the last few days justifies the hope that the whole technical work "of peace-making may be completed. far
earlier than anticipated.
PARIS, March 7th The report of the Commission o Breacher of Laws of War will be finish- ed to-morrow.
It recommends that the Fence Conference be entitled to make regulations for the punishment of thos responsible for
those the "war. responsible for the violation of treaties existing before the war, and those responsible for acts of cruelly"and bar-- parity during the war.
It is hoped that the Commission's re- commendations as regards those guilty of cruelty will ensure strict justice being Bone.
POGROMS.
STOCKHOLM, March 7th. The Vienna Yiddische-Morgen Post reports terrible pogroms in East Galicia and the Ukraine. Four hundred tami
·lics at Proskurow have been killed.
FRENCH FINANCE.
PARIS, March 8th. In the Chamber, during the debate on the dnancial situation. M. Pérét, the re- parter 01 the Budget Comunission. estimated
France's Wa deficit SC,000,000%
He expreked the opinion that it was diffouls to isave a
domestic loan, and
تالية
that the formation of a Financial League. of Nations was imperative for all the Allies, because none conle, with her own resources, face ber.. Anuncial difficulties. An Inter-Ally loan would be an assur ed sucwas. Its first objects would be to repair the
war dannge, and liquidate war expenditure.
Referring to the suggested French tax an expital. M. Feret said that the blow be first aimed at German capital, because economically, Germany was in disputably superior to France.
must be
Pérét contrasted France's ruined invaded regions with Germany's wealth, declaring that Germany was not entitled to pity.".
SIR JOHN COWAN,
Sir Jchu Cowan, Chairman of tha Edinburgh Chamber of Commerce has resigned. Hy vacates his post on March 15th.
TWO FOLISH DIVISIONS.
17
PARIS, March 14th. A Havas message slates:--- Arrangements for the departure, for Poland, of two Polish Divisions, now in France, are being made. They will leave 'very Boon..
BRITISH BATTLESHIPS T JUTLAND.
•
LONDON, March 9th, Reuter has duained particulars of the British battleships damaged in the Jus land battle.
The Marlborngh was struck by_a_tor- pedo and one boiler room was flooded. Two men were killed. She was not hit by shell-fire.
The Coburns was struck on her super- structure by shell front a 12-inch gun, which caused a fire Anether barst short.. causing unimportant damage
Threa men were wounded.
The Burhanu was hit by five shells from heavy guns. One wrecked the hydraulic pumps, the auxiliary wireless office and the medical store, causing, heavy casal- Lies among the wireless
and tha medical staff.
The Malaga sustained eight hits. Her siren steampipe was fractured. A large Shell wrecked the galley canteen on the xundeck, and the mounting of one six- Inch
gun Two hits badly holed her below ber armour, flooding the adjacent. compartments. A heavy shell bulged the roof of one gun turret without explod Ing. but put the range-Ander out of
action.
a The Faliant was not bit.
The Warspite, wowards evening, w hit by shells from two beavy guns. Both perforated the six-inch armour, had eased considerable damage, jamming the helm bard aport, causing the ship to turn in circles. While circling. the Tarspite war struck by 16 shells from heavy guns and twelve from smaller ones, causing con xiderable damiBaşa Two gans were pat out of action. She had a large hole on her water-line and another under the water, below the armour, but her casualties were. very light:
FOCH TALKS.
PARIS, March 12th"
A Havas message states:- In one of Marshal Foch's rare ulter nnces in public, which was the feature of a dinner given last night, in Paris, by the Cerele Fraurat, Presse Etrangère the American Delegation, Marshal Foch paid a ne tribute o America military help, referring to the Armisti
of Germans. 'gave Marshal Foch a
and the
The and sale marrender
great ovation.
M. Tardieu represent the French Government, predicted, the successful ter. mination of the labours of the Pease Conference, stating that our object was clear and simple-to put between the conception of war and the act of war as many obstacles as possible.
BUSINESS UNCERTAINTY.
LONDON, March 10th. In the House of Commons, Sir Donald McLean asked for a definite statement of the Government's trade policy. He de clared that the whole business community was in a state of unrest and uncertainty. He
agreed that it was impossible to re- nove all the war restrictions immediately, hut some more might be removed. H pointed out that the United States was already doing a large business in former British markets, and preparing: largely to extend her activities, while the Japan ese were capturing much of the "British trade of South America and Asia.
LONDON, March 10th.
In the House of Commons, replying to questions. M. Bridgeman stated that the concession be announced on March 7th was concerning goods produced or manu- factured within the British Empire, Im port licenses will be issued very shortly..
CLEMENCEAU AGAINST
'CONSCRIPTION.
PARIS, March 11th. 31. Clemenceau stoutly supports Mr. Tioyd George's decision to abolish con, scription and for the adoption of the yountary principle throughout Europe.
JAPANESE SPECIE DEPOSITS.
Japar bassawn wood very hand for the past five years, and her exports having excected her importe, consequently there has been an er fensive influx of specie. At present the specie owned by Japan is put at about Y1,800,000,000, and the de-" posite in the hands of the Associated Banks in Tokyo and other five big. cities have increased as follows:-----
Cities. 1918
1914
Tokyo 71,886,670,000 ¥448,200,000 Owaka・・ 1,228,559,000 257,704,000), 1. Kyoto 162,120,000 56,907,000 Yokohama 232,33,000 125,499,000- Kobe
828,033,000e1,299,000.
Nagoya 148,010,000 35,280,000
ORIENTAL C. S. AND WEAVING CO, LTD.
The annual general meeting of the Oriental Cotton Spinning, and Weav ing Co., Ltd., was held at Shanghaë on March 11.
In the absence through illness of Mr. H. E. Arnhold. Mr. R. Ure Ham- mel presided over the meeting and was supported by Mr. W. A. Argent (Director) and Mr. J. A. Moller. There was a good attendance of shareholders, the total representation being 16,500 shares.
The Secretary having read the notice convening the meeting and the auditor's report, the Chairman, after referring in terms of regret to the, indisposition of Mr. H. E. Am hold, for whom he had to deputize, said:—
Gentlemen,-it being past the time for which the meeting has been con vened, I will call upon the Secretary to read the notice calling the meeting and the auditor's report. As the Report and Accounts for the year which ended on December 31. have been in your hands for some time, I will, with your permission take them as read.
་
the
As pointed out to you at the last annual meeting, the indirect losses resulting from the fire, which occurr-* ed in the Autumn of 1917, would adversely affect the working of 1918, and in view of this, I think the actual result cannot but be corisidered satisfactory. especially as Company has been deprived of the use of the godowns destroyed by fire for the entire period under review. The new godowns, etc, should be completed "in about a month, and a considerable saving in coolie hire, storage, etc., should ther be possible. Owing to the destruc tion of our Mill Stores by the fire, we were compelled to replace these to a great extent locally, at retail prices. Our outlay during the year on this score has been extremely heavy amounting to Ts. 74,106.74, which amount is Tli. 28,199.71 in excess of what was spent in 1917. This in creased cost has also, of course, had to come out of the working account, which has further been debited with
all expenses incurred on the upkeep of plant, machinery, etc. Stocks of yarn and cotton have been taken into the account at actual cost prices, which compare favourably with market values on December 31.
During the past eighteen months, several inquiries were received from. Japanese sources for permission tor inspect the mill, with a view to pur- chasing the same, but as no offers were forthcoming, instructions have. since been given that no further per- mits for the inspection of the Com- pany's premises are to be issued. The general managers have repeatedly been asked to name a price for the sale of the Company as a going.com. cern, but as your Directors saw no reason why the Company should dis pose of its property and go into liquidation, no figure was named. One of the parties has recently asked for a seat on the Board. Your Directors thought. however, that since this is a British Company, it is desirable the Board be confined to gentlemen of British nationality.
With regard to the prospects of the coming year, I am glad to say that our entire production his been sold until Jane, and cotton covered thereagainst at prices which leave a very handsome margin of profit, so that we have every reason to look. forward to a good year.
Before sitting down, I shall be pleased to answer any questions which the shareholders may like to put to me.
There was a little discussion. In reply to a shareholder the Chairman admitted that the overdraft from the Bank was heavy and had always been a burden. Reference to the recent fire, and other statements in his speech would probably answer the shareholder's inquiry, and if further information were necessary, it could be obtained from the Secretary. It was not desirable that further details should be published in the public account of the proceedings of the meeting.
In reply to another inquiry, the Chairman satd-cotton had beer. bought in the cheapest market and not always through the com¬re jare. There were no further questions, and the following resolutions were put to the meeting and carried nem.
con:-
That the statement of accounts for the 12 months ended December 31, 1918, as presented, be passed.-Pro- posed by the Chairman and seconded by Mr. Argent.
That Messrs, G. A. Richardson and R.Ure Hummel be re-elected Directors of the Company Proposed by Mr. M. Simmons and seconded by Mr. J." Joseph.
That Mr. E A. Mackay be re-elect- ed auditor of the Company, at a re- muneration of Tis. 750-Proposed. by Mr. M. Wolfers and seconded by Mr. H. H. Read.
This concluded the business of t meeting.
A FAMILY NECESSITY. IIVERY lámily, should be provided i
with Chamberlain's Fain: Balmat all times. Spraina may be cured in mostr less time when promptly treated, Le back, lame shoulder pains in the kide duck. chest and rheumatic pains fra soms of the diseases for which it is especially valuable. Try this liniment and bec wies acquainted with its qualities and you. will never wish to be with it it. ‹ For sale by all Chomista and Storekeepe
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