1920-04-16 — Page 8

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turbance, owing to the strong cash position of the Banks and to their cautious attitude in view of a possible

THE CHINA MAIL.

AVIATION.

THE NEED FOR- NATIONAL AERODROMES,

EARLIER TELEGRAMS.

(Reuter's Service to the China Maii.) CHINA STATION FLEET.

per cent, Great Britain's Foreign trade has by her united shorts, made good progress. The Exports amounte ed to £464,000,000 and the imports 10 £14,000,000 during the last half- year, giving an excess of inports over exports of £450,000,000 Taking the whole year into account, the toral exports were $798,000,000 and the ·Progressive countries, are realising The Times' imports 1,632,000,000, making an that if they are to keep pace with excess of imports of £834,000,000, modern commercial developments they a greater balance against her than any

the

LONDON, April 13th. Appointment of Rear-Admiral Barrett is

announcement

indicates a reduction of the establishment Senior Naval Officer on the Yangtas

during the war. The fact is that a-st instirate, national aerodromes, in China. Wing and Commodore's rank though her export trade has made i With the growth of civil aviation there was

distinct improvemem as regards the is little doubt that in a lew years time "ar fred a year ago for the post-

dromes.

-1

the

expect

the presens organisation

Continent,

in Ching it was probably it is still greatly out-aerodromes will be as necessary com in these waters, as for example, the

ed that

a large force will be maintained balance by the huge imports from America. The adverse stare of her mercially to a State as roads or, rail- hattle-cruiser

New

Zealand was mentioned trade led to a surprising fali in the ways,

the future fagship on the conclusion of sterling exchange on the United States

her Empire tour with Lord Jallicoo, bas from 4.53 at the beginning of the

England, France, Italy, Germany she has not been allocated to this duty in period to 3.77 toward the end, and

and the United States have com-organisation issued with Mr. Churchill's the new feat Appendix showing the downward tendency was still maced to organise national sero Memorandum on the Navy Estimates. noticeable of late."

There is, of course, no question of any breach of faith on the subject. Although As regards France, her economic

England has a line o alighting the Imperial Defence Conference of 1909 conditions were very unfavourable to grounds stretching between Great stationed in

decided that the New Zealand should be recovery from her war injuries, as ritsin and India, and the all British anounced by Mr. Churchill in March, China waters, it was she sufered from an adverse balance air route between Cairo and Cape 1913 that, in respense to foodstuffs and manufactured goods, trafic. of trade due to very large imports of own has been prepared for aerial of the Admiralty, the Government of New to the suggestion Aerotomes have been in Zealand had agreed to the ship being while materials for reconstruction pursituted at distances of about 300 stationed wherever the Imperial Govern- poses were not available in anythingies along the rouws selected,able, and she was, consequently, attached Event considered her services most valu- like sufficient quantities. Her exports which has necessitated strenuous to the First Battle-Cruiser Squadron in during the five months from May to Labours in clearing the ground of bush, the North Sen. Our foreign trade for the last half-September last year amourted to Frs. the felling of thousands of trees and The strength of the feet at the Chins The Directors submit to you the year shows an excess of exports of

3,650,000,000 as annexed Statement of the Liabilities 145.000.000, imports amounting to 13.000.000,000. the excess of iming is justified in view of the valu

against inports the removal of numerous ant hills.

station, as revised, is thus numerically during the same period of

very similar to that of 1814, namely, and Assers of the Bank, and of the Y1,123,000.000

The expense of such an undertak-thirty-nine pennants as compared with Profit and Loss Account for the half! Y1,271,000,000, thus giving a fotal Ports reaching the enormous amoun: ble acceleration of trade which will the pre-war organisation of commands

against exports:

hirty-six before the war.

After June 5th the only difference from o! Frs. 9.350,000,000. Besides result when commercial aeroplanes will be the employment of a Rear-Admiral excess of exports not being sufficient this, her externe! dents amount to commence operations between Calon the Yangtse instead of a Captain." to offset the excess of imports during $2,800,000,000 to the United States.

£430,000,000 the previous half-year, a balance of while interest on these debts reaches

England' 74.000.000 is left as an excess of a large amount yearly. imports for the whole year, and thus verse trade balance, and the fact that our foreign trade has reverted to her foreign investments are mostly-Various British industrial pre-war condition. Exports of Specie locked up, brought the Franc exchange and Bullion amounted to Y5,000,000 very unpleasant poier, that or and imports to Y326.000.000, Ameri- New York falling to 1.37 and tha cart shipments of gold to Japan in on London to 40, these rates compart commercial aeroplanes. Sheffield

YOKOHAMA SPECIE BANK. The 80th half-yearly ordinary gen eral meeting was held on March 10,

The Report to the Shareholders said:

trom

which

the Sum

year, ended December 31, 1919. " The Gross Profits of the Bank for the past half-year including Yen 3,776,835 brought forward from last Account, amount to Yer. 158,768,332, of Yer 135.625,637 has been deducted for Interests, Taxes, Current Expenses. Rebate on Bills. Current, Bad and Doubtful Debis, Bonus for Officers and Clerks, etc... leaving a balance of Yen 23,082,394 for appropriation.

The Directors propose that Yen 16,000,000 be added to the Reserve Fund, and recommend a Dividend at the rate of Twelve per cent, per num which will absorb Yen 3,210,000.

The Balance Yen 3,872,394, will be carried forward to the credit of text Account.

Head Office.

NAKAJI KAJIWARA, Chairman.

Yokohama, March 10, 1920. The President's speech translated and abridged) was as follows:-

Gentlemen. In submitting for our approval the Statement of the fabilities and Assets of the Bank, the roßt and Loss Account for the half-1 car ending December 31, 1919, and e proposals for the distribution of te profits, 1 shall have pleasure in Hefty reviewing the general aspect economic affairs at home and abroad iring the period mentioned, and will so give you a rough resume of the ank's operations.

future emergency.

POREIGN TRADE

A

trade in all of Y2,394,000,000. This

settlement of the excess of our ex-

ports to the U.S.A. during the War being to a great extent responsible for this large preponderance of imports over exports..

TE

The principat increases in exports

Raw Silk Habutae

Y214,000,000

Straw Braid

Y 37,000,000 Y 8,000,000

Marches

Y 6,000,000

Timber

Coal

Y 6,000,000 Y 5,000,000

Cotton Underwear Y 4.000,000 Porcelain

Y 3.000,000, Glass' Ware Y 3,000,000 Toys

Y* 3,000.000 Decreases occur in exports in :- Cotton Yeros Copper Beins

Y 31.000.000

Y 12.000.000

Y 5.000,000 Tea

Y 4,000,000 Paper

Y 3,000,000 Increases in imports are principally in:-

Raw Cotton Bean Cake Rice Sugar Machinery Petroleum Beans

Y 87,000,000- Y 24,000,000

Y 1:3,000,000

Y 10,000,000

Y 9,000,000

Y. 9,000,000

Y 8,000,000

to

Frs

and

Such an ad-

coat,

and the Cape, carrying passengers, mail and height at speeds far greates

REVOLUTION IN QUATEMALA, than that accomplished by rain or

have recently bean discussing the in-baring gained control of Guatemala city

Sheffield's Municipal Aerodromes.

WASHINGTON, April 13th. A revolution has broken out in Guate towns mala, the opponents of President Cabrera

landed marines to protect foreign interests. stitution of serodromes to provide after strat fighting. acilities for the arrival and departure

The United States cruiser Tacoma has.

ASHINGTON, April 15th.

has shown the way to maimain Bri- of a mummcipal aerodrome at Coal rain's aerial position by the provision

Aston,

in very unfavourably with those pre which were 4.50 and 3.30 respec vailing at the beginning of the period, dively. Our exchange rates on Lon- affected and rose towards the end o don and Paris were correspondingly me year to 2/6 and 4.83 respec tively, figures we have never experii:

enced before.

To

£

⚫ Acrodromes, once, started by a few adopted by other cities when they find enterprising towns should be quickly necessary to keep pace with the by their rivals. acceleration of business accomplished

In this way a chain of aerodromes should be formed in this county which would greatly assist aviation concerns to run mail, freight and passenger carrying services without he prohibitive cost of instituting Land- ining grounds.

In France, Italy. America and other countries the value of State owned zerodromes, as a means of fostering commercial aviation, has been recogn- ised. Most important towns have pre- may he linked with the air services pared aerodromes in order that they which are being organised

APRIL 16, 1920.

DAIRY FARM

COLD" STORAGE

NEWS.

Store your Winter clothes, furs, rugs, carpets

11

&, in our cold stores. The only safe method

of keeping them during the Summer months. For full particulars apply to the Secretary. EDAM CHEESE

DIRECT FROM HOLLAND. 80 cents per lb.

The Dairy Farm, Ice & Cold Storage Co. Ltd.

THE OPTICAL

COMPANY

31, QUAEN'S ROAD, CENTRAL SPECTACLES, EYEGLASSES, LENSES, 4. OPTOMETRIST IN CHARGE—E. CHAN, ÖPT. D. EYES TESTED FREE OF CH- BGB.

FAR EASTERN CABLE NEWS.

[BY COURTESY

SONGKONG DAILY

...PRESS."}

PRESIDENT ENTERTAINS MR. LAMONT.

PEKING, April 14. The President entertained Mr.

shell-are of Cabrera's forces which ar ARRIVAL OF THE NEW BRITISH many non-combatants were killed by the

Lamont, the American financier, at A message from Guatemala, says that tiffia-to-day.

bombarding the city since Thursday. The armed with rifles. city is undefended, except for volunteers entrenched at La Palma.

Cabrera's troops aro

Cabrera Government has been overs per

Another telegram. states that the and Carlos Herrerra has been made Prezi-

dens,

GERMAN VESSELS SOLD.

+

WASHINGTON, April 15th. Government in war-time have beca, sold All German vessels taken over by the to private interests.

The Shipping Board has sold 28 vessels man vessels, in the week ending April 10th. for 821,781,068, including eleven ex-Ger-

HAYA REVIEW.

PA18, April 12th A Havas messago 3a56:—

1. Loon Hourgeois presided peaterday aris as the fourth sitting of the Langue of Nations..

MINISTER.

Minister, arrived to-day and was mer

PEKING, April 14. Mr. Baby Alston, H.B.M.'s by Diplomas, and Chinese officials. SAN MEN ISLANDS TO BE DEVELOPED.

PERINO, April 14.

A mandate is to be issued shortly declaring the San Men Islands of area to he developed by Chinese mer- Chekiang, a special administrative chants of foreign experience,

SIX HUNDRED STUDENTS DEMAND TO BE TRIED,

PERINO, April 14. The trial of students (arrested many,

THE VERY

INSTANT THE

FLUID FROM A

FYREFYTER EXTINGUISHER

Reaches fire, a small cload of very Powerful Gas is produced.

Fire and this Gas carnot live together

AT THE SAME TIME. THIS LIQUID WILL NOT DAMAGE

THE FINEST FABRIC

See Our Windows.

ALEX, ROSS & CO. 95, Des Voeux Road Central, Tel 1487.

GARAGE, KOWLOON, Tel. E 417.

In the United States, a general return to pre-war conditions of com- merce and industry was practically attained by the beginning of the period, and with great demands com- ing from Europe for raw material and other commodities, her foreign trade reached $3,867,000.000 exports against $2,293.000.000 in imports, OF

excess O $1,574000,000 in exports during the last half-year. Fler Industry and Fcommerce were in a very active and labour troubles were, constantly pre Hourishing state, notwithstanding that valent. Money being abundant, vari- ous lears were floated on her market by the British and other Governments charges are made for the use of these Reduction of Charges. Reasonable the extent of $424,000,000, 'anding grounds, and in course of time confident in an early accord being reached denonstrations in the capital) oom- The French papers and official circles are weeks ago in corection with certain while lunds were supplied for new the authorities will be imply repair with the British Conciliatory Notes ex-menced yesterday in the High Court. enterprises to the amount of oves for their original expenditure by fees hanged, yesterday, between London and Six hundred students attended er sencral speculation under the tempt-mercial activities of the cities con-lished. It is intimated that the only point $2.363,000,000. In order to prevent received and the benefit to the com

Paris may bring the difficulty to on end masse and demanded to be tried, like The text of the British-Note has been pub their colleagues, as equally guilty. ing conditions prevailing. the cerned. Federal Reserve Bank effectively

on which Great Britain now requires usur

The Court issued a proclamation In some countries, especially, infance is whether France will agres in future to-day that such a request could not raised its official rate at the beginning South America, there is a general submit her plans to the Allied Govern be entertained. of October and tightened the market. belief that organisers of air routes are The Call Rate ranged from 25 per prepared to pay large fees for aero-dent that a close perusal of the diplomatic The French Government is con exports reaching Exchange 400.000.000, a substantial growth Y560,000,000. show decreases of created thereby, owing to the very present carrying our expensive pioneer signal, for advanes was sent to General cent. to 30 per cent. at one time. dromes. but, nevertheless, no disturbance was

correspondence between the Allied Govara- Y500.000.000 compared with the Yr87,000,000 and

It is not realised that aviation is at meaty will prove that ample notice of responding six months of the pret respectively, while Exchange sold cautious attitude of the Banks.

Yr54,000,000

France's intentions was given before the us year. This was especially due abroad

work, and the rates charged for air. Degoutte's troops. the prosperous condition of the Y321,000,000, and Exchange bought in the price of silver. Imports remain-if thousands of pounds have to be ex- Paris, attended a session of the Council Mr. N. L. Smith this morning, in con-

Japan. totalling

In China, notwithstanding the sise travel cannot be kept reasonably low.

Mr. H. L Deanys appeared before ited States, to which country the abroad on Japan. Y653,000,000, ed very inactive, more especially in pended on the purchase of land for of Ambassadors held yesterday at the Quai nection with the case in which Messrs.

Lord Derby, the British Ambassador in ort of raw silk has shown a re- show increases of Y33,000,000 and the case of Japanese goods, due to the aerodromes. kable development. while the Yie8,000,000 respectively

com- use of the boycott for political pur-

Orsay, I. Jules Cambon presiding. pared with the corresponding period poses..

W. R. Loxley and Co., sued two Mest enterprising countries will disturbed international relations bas pass-pointed star" trade mark, which were officials consider that the cload of Chinese for infringing on their "five of the previous year.

Exports, on the contrary, realise that the encouragement of com- ed away. The Entente Cordiale between used on some boxes of soap sold by were in a very flourishing condition.mercial flying will eventually prove the Powers is as strong and effective as large demands coming from Europe of inestimable value in speeding up during the he had an interview with M. since the summons was issued, the or commodities such as raw silk. business communications, and the in-lillerand. The French Premier aured defendants had given him full informa

the defendants. Counsel said that CS.C.C. "A" TEAM v. LINC. "A." Tour, pea-nut oil, furs, etc. Con- Sutution of rational aerodromes will him that the French troops will retire

The following will represent the from, and had revealed to him the at 2 p.m., on Saturday nextR. T.

GENERAL SURVEY OF ECONOMIC AFFAIRS AT HOME. The uncertainty in the economic rld created after the Armistice hav- been gradually eliminated, the heral aspect of economic affairs at me during the last half-year show- great improvement. The volume our foreign trade became greater

while all other items show increases. except for decreases in

Iron and Steel... Y 11.000,000 Hemp

Y 3.000.000 Our Exchange sold on abroad.

bought

h month, the. total amount of amounting to Y178,000,000.

borts

and

e of that commodity rose to 400 towards the end of the year.

highest Figure ever attained.

h the expansion of industries the

e market was very active, and a

on

and

on abroad.

ECONOMIC CONDITIONS ABROAD,

"The work of reconstruction in Europe has shown gradual progress,

ments.

d

war.

TRADE MARK CASE

SPORTS

CRICKET.

LR.C. v. C.S.C.C.

The following will represent the

p.m. tomorrow A. el Arculli, G. C.. IR.C.-in a friendly match against the C.SC.C.on the former's ground at 2.15 Earde, S. H. Ismail, S. D.. Ismail A. R. M. Samy, O. Rumjahn, O. N. M. Bux, S. M. Moosa, R. Nazarin, Ismail, and B. A. Hyder.

ia for new enterprises and for in- but the enormous wasté of productive sequently, the general condition of the became as necessary to important from the occupied towns when' the Gention as 10 where they got the goods CS.C.C. Club on Civil Service ground ses in capital and dividend pre power, and wealth makes the recovery Money market was very tight. This towns as the encouragement of rail- I many bave withdrawn their surplus troops source of distribution of the soap. As Taylor (Capt.), F. Bacon, F.-S. Bur

d throughout the country, the pto normal conditions appear still very was especially so in Shanghai to way communications.

cal actually paid up during the last remote. The huge expansion in the which place silver to the amount of

ns of

NOTICE TO CORRE- SPONDENTS.

If CHING Ei KWONG is a real man,

from the Ruhr ares.

RAILWAY STRIKE IN AMERICĂ.

New Toax, April 13th.

FOTBALL

NAVY 1. ARMY,

The following have been selected row in their match against the Army to represent the Royal Navy to-mor- at 4.30 p.m. on the Club ground (Cairo); Garside. (Titania); McGann Hayward (Tamar); Beard and Forber (Titania, Capt.), and Niles (Fame); Hendry (Titania), Handford (Tamar) Matthews (Cadmus), Handford

not, as he would like the defendantsThe following is the Army team- (Cadmus), and Innes (Fame). Reser ves, McInnes (Cairo), and Kenedze Mr. Dentys said he would rather (Titania); Referee, J. Coaker. to have them bail back. He did not Dr. Green, (Wilts,) Gr Frampton, want this charge to hang over the RG.A.), and Corp. Hopper, LR-A defendants' heads much longer than S.C); Corpl Gordon, (Wilts). Gnr. he could help it. With his Worship's Henwood, R. G. A.), L. Donovan, charges against them. consent, he would withdraw the (RGA) Plc. Walker (Wilts) Bdr. Watson, (R.G.A.), Cpl. Merham His Worship agreed, and discharged (Wilts) Sergt. Townsend (RE, Capt.)

and Pie. Amor (Wilts) abo

year amounting to 3 monthly expenditure" of each Government.

M. Millerand had an interview, yeaterthe defendants have undertaken not 10 den, E. T. Crocker, A. R. Duncan, about Taels 50,000,000 was shipped age of Y145.000.000.

day, with President Deschanel and sunde a sell any more goods under the trade E C. Fincher, S. Kamer, G. H. whole was remarkably lively, thementation of national debts and in-period, but as most of this was re- Business with the resultant continuous aug from the United States during the

statement, this afternoon, in the Chamber mark, and were agreeable that the Haskett, V. M. Haat, G. T. Knight of Deputica. the Bankers Clearing crease in individual extravagance, has exported to the interior and Manchuria

four boxes of soap seized by the Police Se showing the passage through led to a considerable rise in the price had little appreciable effect on the

should be handed over to the com-

and H. W. Sandford. hands of Yen 43.000.000,000, of commodities and a corresponding market, which remained short of n increase of Y12,300,000,000 fall in the purchasing power of the money, the stock of silver showing and cares to call at the Ching dailis waning in the Central States and the Par defendants; and also applied for an plainants, he did not wish to press ared with the corresponding various currencies, which state of increase of only Taels 5.000.000 office, he will learn more about the West, but the ranks of the strikers on the order for the goods saized by the the charge. He asked for permission od of the previous year.

The strength of the outlaw Uniga to withdraw the charges against the As a affairs, together with the prevalence during the half-year, quence, the general state of the everywhere of social unrest and labour

matter he has written about He has Atlantic seaboard have increased and are Police to be handed over to the com y market was tight and continu troubles, has greatly increased the recent startling rise is due to the pre-thing, the fact that the paragraph in-ger as well as goods trafle. -

As regards the price of silver,the been grossly misinformed. For one threatening completely to paralyse passen plainant firm threatened to become still more difficulty of recovery. Appreciating the position, the being as stated, more especially on exports in China's foreign trade; to

Conditions viously mentioned large excess of question was in type before that

His Worship said that as he did not 3, headed by the Bark of Japan, the Continent, the obtaining of credits the shortage in the production of the ably modify his view. The Adverments has been announced by the Pennay,

"aceting" took place must consider

PITTSBURG, April 13th: red invaluable service by care- abroad was confronted with great dif- metal in Mexico and the United sarian had never heard anythingvania Railway.

An absolute embargo on freight ship order.

by the case, be could not make jegulating loans with a view to fliculties, and commerce and industry States, and to the prosperous condi- whatever of the V.R.C. Incident until In

Mr. Dennys said he did not think pt over-speculation and to keep may be described as inactive.

WASHINGTON, April 13th.

the complainants would have much arket sound. The Bank of regards the money markets. England factors became more in evidence to

As tion of India's export trade. These the evening of 14th inst.

In the Beuste

-Senator Poindexter bas raised the official rates rwice abandoned her war-time measures,wards the end of the year, and the

trouble in getting the goods transferred introduced Bill making all persons to them the period (in October and Such as the payment by the Bank of London quotation of silver which was

advising or requesting others to join mber) by 2-3 rin, and this acted England of interest on deposits at 534d. at the commencement of the Siberiand, consequently foreign has been referred to the Inter-Stato Com- strikes or interfering with inter-State

His Worship said Mr: Dennys could beneficially. International finan-notice and on foreign money, the period, had risen to 73d at the end trade, both in exports and imports, mitte..

commerce liable to imprisonment for 10 Get a further remand if he wanted.. years or a fine of $10,000. The measure Conditions remaining as favour Government embargo on foreign in- and continued to show an upward was very dull. During the period s ever to Japan, the Govern vestments, etc., but this must not be tendency. It is to be noted that under review, imports of sugar, whear, grailed itself of them by issuing taken as meaning that the English London has practically ceased to be four machine oil and boots were cent Exchequer Bonds to the money market has returned to its the rem free market for, silver, the made on a small scale, but these

PRO-IRISH DEMONSTRATION. » of Y80,000,000 in July and normal condition, but merely that ad supply of that metal now coming ceased eventually as the result of the 00,000 In December, while vantage was taken of the low rate of chiefly from America, and the Loa general confusion in the political for picketing at the British Embassy,

WASHINGTON, April, 13th Calso successfully renewed exchange, which, pravouting the trans- don quotation is consequently based sincution.

Altogether tea women have been arrosted 000,000 in September. Forfer of funds Icom England except at on that of New York. For the sanie bre, the method recently adopt loss, made such action possible. For reason, the Shanghai Exchange on the state of the economic world and

They will be tried by the Federal Chand the defendants. The aforesaid is a brief survey of Jury. the Bank of Japan of discount the purpose of proventing the inflation abroad is how based on the price of of the Bank's operations during tho reign bills accepted by Banks of the currency and excessive specule- silver in New York instead of on thai fast half-year, and notwithstanding the taken advantage of to a great ton on the Stock Exchange, the Bank prevailing in London a step adepted boycott of Japanese goods in China, by this Bank, and the funds of England official rate, which had in cer pance with the changed-sattia the unsettled state of foreign exrA message from Bagdad of April 11th these woods have helled all right lennURING the summer months chi died

A PARENT'S DUTY. ned used to promote our forstood unaltered et 5 per cent, since tion in the world markets.

VOCH boy is always getting waratch wards the end of the the 5th April, 1917, was raised on At Harbin and Vladivostock, the glad to be able to place before you a to Bagdad, was shot down by rebel Kurde, Chamberlain's Pain Balm and see, that bowels and should receive the ot

Rose, April 15th or cut or bruised. Because changes and other difficulties, I am says that Captain Tanza, who was dying sign they always will. Got battle of of notes in circulathe 6th November, 1918 to 6 per general economic conditions were better report than was expected, and not Arabs, Alty kilometres from Alleppo, every injury is cared for led arely careful attention: As soon as any unna- 000 on joze cent. Following this, the deposit fate unortunetely, very confused, oing hope that the Bank will make-turther The pilot was not injured, but was taken You can got nothing, better and blood thral looses of the bowels is notice the ralf was raised to 4 per cent, and the dis- to the fall in the value at Russian progress in the expansion of its busi prisoner and liberated after three days poison is too dangerous disease in risk. Chaubarlin's Cole and Diarrhe hout dis-gour rate on Treasury Bills to 5 money and to the political disturbances Less in the coming

fighing be the Arab who recaptured the by Chemisid Bloemely should be given. For als by sil machine which was slightly damaged.

kuepers.

Chemists and Etorekeepers.

de

́ ́REBEL KURDS. NOT ARABS: GUILTY.

BOWEL COMPLAINT IN CHILDREN.A

are abject to disorders of tha