1922-04-13 — Page 7

THURSDAY, APRIL 13, 1922

BAIPPING

P. & 0.-BRITISH INDIA

APCAR AND

EASTERN & AUSTRALIAN LINES

(COMPANIES incorporated in ENGLAND). MAIL AND PASSENGER SERVICES

· STRAITS, JATA, BURMA CEYLON, INDIA, PERSIAN GULF, WET

DIES, MAURITIUS, EAST AND SOUTH AFRICA, AUSTRALASIA, HOLUDING KEY FEALAND AND QUEENSLAND PORTE, RED MMA, EGYPT, EUROFZ, 2.

PFNINSULAR & ORIENTAL FORTNIGHTLY DIRECT ROYAL MAIL STEAMERS. (Ender Contract with H.M. Government.)

5. S

Tons

#rom Bongbook (about)

26th Apr.

2nd May

* KALEAN"

.8,867

DUNERA*

5,400

*FLASSY"

7,316

-DONGOLA"

,000

"SICILIA"

5700

KHTEER"

9,000

"DELTA"

8,100

"SOIDAN"

17.000

"KASHMIR *

9.000

10th May Alb Way 31st Mar

7th Jane 21st Jene 1st July 3th July

** KARMALA " *KASHGAR”

8,000 19,00

19th July

ind Aug.

BRITISH

* CURTALUS.”

·TORILLA "

Destination

BANQUE INDUSTRIELLE.

REORGANDATION SCHEME EXPLAINED.

HONGKONG CREDITORS' DEOHIOR,

de

THE CHINA MAIL.

3HOPPING

N. Y. K.

Japan ports. Through bills of lading issued to all Oven Land Common-Pointa in U.S.A. and Canada. KUWA MARU (For Mazlis, Kobe & Yokohama Thursday, 19th Apr. at 11 km. MARSEILLES, LONDON & ANTWERP vin Singapore da

To be transhipped at Kobe Into Shidamoka Mart.)

ATSUTA MARI KASHIMA MARU

T

iday riday,

Leaving out of consideration for The refund of 50 per cent to the the moment this second part of the fareditors by another barking natab- Babilities and considering, first the (lishment; and (3) the Benoist sabeme first part, amounting to 586 million of the 9th February. The other francs, that in itself amounted to schemes proposed in Paris were only more than the assets of 435† millions to save time. As to the Boxer The proposal was that of the 686 Indemnity, it was explained in VICTORIA, SEATTLE & VANCOUVER via Shanghai & millions, the 70 millions of purely Parliament that the total debt as banking debts should be paid in full agreed upon in 1901 by the Not so dispirited after long and at once, as well as half of the deposits Chinese depressing delays that they could not (953 millions), which meant that w

Imperial Government 450 millio Haikwan maise a round of applause at the 323 millions would be paid right taels gold. France had to receive conclusion of the meeting, Hongkong way. Deducting that from the ass t 15.75 per cent, with interest at 4 per deponitors and creditors of the of 4264 millions, that would leave 981 cent per annum, capital and interest Banque Industrielle

Chine millions liquid cash with which to payable within 39 years, guanced met yesterday altern.con 있다. consider &

by the Customs. In 1921 the United scheme under which carry on the business of the Bank.

via MARSEILLES. As to the remaining half of the de- States cancelled the Chinese debt. they may obtain 50 per cent of their posits (258 millions), they were to be Later on the Japanese Government SYDNEY & MELBOURNE via Manila de. money the moment à final decisios is reached and the remainder when the which would be devoted to repaying ernment informed the French Govern- paid from the profits, 80 per cent, of cannelled it also." The Chiness Gov. reorganized bank shows sufficient pro- them, while the remaining 20 per ment of its desire to see the cancella 6. Mr. G. P. Lammert, Chairman of cent, would go to repay the second tion of same; but on account of the the Hongkong union of depositors and portion of the liabies, the 90s Banque Industrielle failure it had creditors, presided, and with him were milions already mentioned. the members of the Committee and course, the repayment of the last Boxer Indemnity, and $20 million been found necessary to use the Mr. H. J. Silva, Hon. Secretary. There named would take a long time-at franes wild be taken out of abous were also present, to explain the eat until the depositors was paid 366 million francs for this purpose. scheme, M. Montargis, local Manager off, after which a greater percentage of the Bank, and Mr. M. H. Tarner, of the profits would be available for the repayment of this section of the

Solicitor.

The scheme is one e'aborated by M.sabilities. Benoist, Judicial Administrator sp pointed by the Tribunal of Commerce

in Paris..

Of

"This Benoist scheme," the Shang- hai report added, "eems quite workable. The French and Chinese Governments are favourable. So are The Chairman aaked whether the the creditors. The Banks would give creditors agreed to that proposal. In sufficient delay. It seems neces doing so, he repeated that they would to call the attention of the French It is based upon arrangement with the creditam and on France's share not bind themselves to accept, but Government to a scheme better than of the Boxer Indemnity. It implies: something tangible to present to the

they mart give the people in Paris any other." (c) The addition to the-assets of the Banque of the proceeds of the said Singapore. Celombo & Bomber Boxer Indemnity, viz F$20,000,000 MARILLA LONDON & A'werp. do.

(b) The collection of the ctealled Singapore, Colombo & Bombay. part of the capital of the Bank, MARSEILLÉS, LONDON & A'werp. | F.48,500,000,

do Singapore Colato & Bombay, MAREKILLER, LONDON & A'wer do. do.

Singapore Penang, Colomb Aden. Port Said, Marsetiles and London.

INDIA-AFCAR BAILINGS (South)

:1

3,730 | 14th Apr. | Singapore only.

Calentta vin Singapore and Pensag-

7,000

at 1.30 p.m. !

18th Apr. at a..

EASTERN & AUSTRALIAN SAILINGS

"ST. ALBANS"

3,000 2nd May

(South)

Manila, Sandakan, Cairns Thursday Island, Townsville, Brisbane, Sydney & Melbourne. Frequent ecparations with The Coinn 8. Co.'s steamers from Australia to The Crited Kingdom via New Zealand, Vancouver, San Francisco etc, per The New Zealand Shipping. Co's vessels for Southampton and Lorden via Panama

SAILINGS

SHANGHAI & JAPAN

(c) The immediate repayment of the purely banking debts, such as telegraphic transfers, drafts, chequrs, sundry subscriptions to bonds, rot delivered yet, interbanks debts, etc. aggregating F.70,000,000.

(d) The immediate repayment of 50% to the other creditor, viz. F.258 000,000.

F.279,300,000 (vir.

Government. Unless that was done to get to work. All parties would be the Government would never be able

chasing around in circles, without | coming to anything: and meantime all the money would be spent on up. keep and salaries, etc.

од

A depositor asked regarding paragraph (e) of the scheme, whether second half of the deposita. any interest would be received on the

M. Montargis:

about the interest.

We don't know

The Chairosa said the decision

Tech Apr., at 11 min. 18th Apr, at 11 am

Friday, 14th April.

Second half of Apell”

HAMBURG vis LONDON, HULL & ROTTERDAM.

DAKAR MARU... LIVERPOOL

TOYOHASHI MABD............

NIKKO MARU

NEW YORK vis PANAMA.

AKI MARU.

NEW YORK via Suet.

MAYEBASHI MARU

Toosday. ...Inoeday.

18th Apr. 1 16th May at 11 am.

Friday, 14th April,

RIO DE JANEIRO, SANTOS & BUENOS AIRES via Caps

KAWACHI MARE... -

Beginning of June.

BOMBAY via Singapore, Penang & Colombo. CALCUTTA a Singapore, Penang & Rangoon. NAGASAKI, KOBE & YOKOHAMA,

CEYLON MARU (For Rangoon.xi Singapore)...Friday,

AKI MARU

14th Apr.

Thursday, 13th Apr., st21s-1.

3HANGHAI, KOBE & YOKOHAMA

HAKODATE MARU... YOKOHAMA MARU...

...Wednesday, 19th April.

Saturday, 15th Apr., atli NIPPON YUSEN KAISHA

K. H. KAMHL Manube.

re farther information suply thi Telephone No. 292 & 29.

The Chairman suggested that if depositors got back their capital, in- { The Chairman added that he had it terest would be a small matter. He Shanghai union of creditors bad Benoist's proposal, which would mean very good authority that the proposed that the meeting accept M. accepted the scheme, and tel grams that the meeting was opposed very had been sent to Hazoi and other strongly to winding up the Bank.

No replies had yet been places. received, but since the scheme offered motion was carried unanimously.

Mr.J. E. Joseph seconded and the

50 per cent which was better tan (e) The delivery to the creditors nothing, the other unions would pro-would be wired at once to Paris. paragraph (d) of a credit certifcste

The idea of accepting bably accept.

Closing the meeting, the Chair- called "part benefitaire," redeems this scheme was really to oppose at nan said that the last meeting ble at par and participating in 80% other scheme, which was the winding a of the yearly net profits of the Barkup of the whole

multitude of people attended concern, and and were very enthusiastic, want- (Delays for the repayment of the amounts due to the French Banks, which would leave depositors very ing to do this and that Since aggregating

little. Fortbermore. if the Bank then, the Committee had appealed F.139,000,000 due to the Banque of tions altogether would obtain The each depositor and creditor, to keep

were wound up, different condi- for the very small sum of $5 from France, F.140,500,000 due to the idea of devoting the Boxer Indem things moving. Many of them bad Cons:rtium.)

(9) The designation of a new Board pity to the repayment of creditors probably overlooked it. Cables could of Directors and the dismissal of all and to restore its prestige of former ware other expenses Now that they was to carry on the work of the Rank not be sent without money, and there the unsatisfactory officials.

The ames of the Banque will rears. He suggested that they accept were getting so nesr it, he hoped they

the scheme, and that their acceptance would not forget to send their $5 to PRINCE AND POLICEMAN, therefore be: F.320 millions to be be wired to Paris.. He thought that the Honorary Secretary, Mr. Silvs, derived from Boxer Indemnity; 481 millions to be collected from the end acceptance would pay them c/o Dodwell's.

better than Equilating the

TOM CURCET! Passengers for Rangoon must defrey heir own Hotel expenses at Singapore cash in band, which win and finishing affetmga since the

total assets of 4261 million france. public meeting.

Hopes had +Cargo only.

Out of this, F.70 milliers will have been raised several times, and to be paid as per paragraph (c) and dashed again, until now, they had

It looks as though the agitation 7.238 millions as per paragraph (d), something to go upon.

Father Ro- which has been daily growing round Parcels Measuring not more than fift. z 2 ft. 11 will be received at the making a total to be paid of F.329 bart would be in Paris in a lew the affair of the Banque Industrielle

illions from F.4263 millions assets, For Further Information, Fastage Farre, Freights, Hadlocks, etc., apply to leaving a balance f F.98 milions days. He was a staunch supporter, de Chine were on the verge of coming full of energy, and for anything they to a head. The arrest of the former working capital Liabilities as per wanted dons they could wire him. director of the bank, M. Perrotte, is paragraph (f), viz. F.219 millions The great thing was to strengthen the first step in the fixing of the and F.481 millions long term the Landa of M. Benoist and allow responsibilities of the failure from the liabilities, will be paid off from 20% him at proceed without waste of time judicial point of view. The refloating of profits of new Bank, whilst balance of 80% will be used to redeem so that they would get at least half of the bank is an 'er consideration by was a network of electric wires

"JANUS"

ST. ALBANS"

"HATEROLA"

"DUNERA"

14th Apr. 1 Amey, Shanghai and Kobe. at daylight.

ΤΟ

5,000

3,000

I at Noon.

6,000

20th Apr.

Shanghai.

16th Apr. | Yokobus direct.

15th Apr. Shanghai and Sobe.

All dates are approximate and subject to alteration without notice.

•

WIRELESS TELEGRAPHY FITTED) ON ALL STRAMURS,

while waiting for the on carrying stermer.

1st Saloon Passengers may travel by B.1.8.N. Company's steamers between Fingapore and 'alcatta Singapore and Madras in lieu of the section of

their P. & O. Tickets Sinapore to Colombo.

All Cabins are fitted with Electric Fanr free of charge.

Company's Office up to noon on the day previous to mailing.

-

MÄCKINNON, MACKENZIE & CO.

#2 Des Voeux Road Central, HONGEONG.

Agecta

cke

H. HING

LARGE STOCK OF SHIPBUILDING MATERIALS, viz. Steel Ship Plates, Angles and Bars. Also Shipchandlery Articles.

Telephone No. 1118.

25, Wing Woo Street, Centra':

T. K. K.

TOYO KISEN KAISHA.

HONGKONG TO SAN FRANCISCO,

VIA SHANGHAL THE INLAND SEA, JAPAN & HONOLULU

**THE PATHWAY OF THE SUN.”

TUXE,

STEAMKEA.

+ SIBERIA MARU

TEXTO MARU.

KOREA MARU

SHINYO MARU

TAIYO MARU

{ Calling at Keelung.

LEAVE RONGIONE,

.Apr. 24th.

....................................22,000. May 19th.

↑ PERSIA MARU .... 9,000........dubo 13th.

shareholders

millions

of their money back.

The meeting then terminated. GRAVE ALLEGATION.

com-

44

CHURCH NOTICES.

A CHARGE OF ORE DOLLLE

IS MADE POR ALL NOTICES

Y'S DEE THIS

HEADING.

St. Peter's Church.

14. APRIL: GOOD FRIDAY:-

11 Matins and ante-Common 915p. Sizer's 'Grucifixion" at

St. Peter's IT-APRIL: EASTER EVE Bam Holy Communica

5 pm. Fira: Evensong of Exeter.

16TH PRIL FASER DAY:-

6. Holy Comtatot

11 am. Song Kucharist, Procession and Sermon

Preacher: Thy Chaplain

NOTICES TO CONSIGNERS

No 1 onsense åbent her.

TOYO KISEN KAISHA.

1:

NOTICE TO CONSIGNEES.

SSSIBERIA MARU" From SAN FRANCISCO via HONO

LAPAN PORTS.

The above named Steamer baring

SAVED FROM BLOW BY AN ELECTRIC WIRE. Before leaving Satwari when the Prince of Wales was going home from

consignees of cargo are hereby notified the banqueting hall on an elephant, arrived on Monday 10th. April 1922 8.2 inspector of police tried

to present their Bills of Lading for to stop him, and, after a multitude of countersignature, and ake immediate gesticulations and shouts, he succeed-delivery from alongy de steamer or the ed in making the driver stop the Company's Godown, where all carpe impeding immeste discharge will b *Who are you!" asked the Prince, landed at conspnoes' disk. "The Police Inspector Shahzada, Bahib," declared the policeman who proceeded to explain that there

elephant.

<

Storage will be assessed on cargo remaining undelivered after Monday 17th April, 1922.

·

All broken, chafed and damaged. applying power to the camp about packages will be landed into the Cour examined on Monday, 17th April, 1972, that he was in danger of receiving s

at 11 am, the level of the Prince's head, and y Godown where same will ba

No claim will be recognised after In this the policeman was perhaps goods have left the atenuer or Godown, severe electric shock.

aviated. At least he saved the Prince | sented later than three weeks after. wrong, for the wires were probably in- and none will be entertained if pr responsibilities of every kind engaged from getting a nasty blow with the rival of skamer. in the afsir of the Banque Industrielle

No fire insurance, whatever will bi affected.

Parliament, but the sensational ele certificates as per paragraph (e).

The Chairman said he would like One of the depositors said he under-ments of the affair are provided by the fint to emphasize that if the scheme stood that if they accepted, the demand laid before the Chamber were accepted it would not be binding scheme would not be binding on them; for the appointment of a apon them. They were not there to but would it be binding on the back? mission of ingairy, consisting of accept something which they would It was not quite clear whether it was thirty-three Deputies, “in order to be bound to adhere to, but the pro- just a tentative proposal and whether throw the fullest light on the political posal was being laid before them with actual payment might not amount to a view to enabling M. Benoist to do only a fraction of it. something for them. Unless some- thing tangible was put before the French Government, nothing could be

Bone.

The asets, as would be seen from the scheme, were principally made up

The Chairman said it stood to rea- son that anything not binding on the creditors could not be binding on any borly clae.

de Chine." The demand is signed by wire, or even being dragged off the The Prince thanked the policeman, twenty Deputies, of whom the beat elephant.

and directed the driver of the elephant known are . André Tardieu and M. Edouard Ignace, the latter of whom, Under-Secretary at the Ministry of to take another path and observe a The Chairman read a report of a

Justice in M. Clemenceau's Cabinet, kean look-out during the jomary. meeting of the French union of credi-

has recently been publishing in K of Boxer Indemnity to be paid by tore in Shanghai wherein the present Clemenceau's newspaper, Echo "<the action of the public powers" China, amounting to 320 million Position was stated as follows: "Parlis- National, a series of confidential francs. There seemed to be no doubt ment and Senate agree to co-operate documenta in an attempt to prove that was exerted upon the Bank of France in the refloating of the Bank and for the highest persons in the State are and other banks for the establishment in M. Tenoist's mind that that money would be available; otherwise be paying the creditora from the greater

bas often been mentioned in con- dreds of millions of france, the per- would not have included it. Some part of the Bozer Indemnity. The compromised. The word "Panama" of consortiums representing hun people had expressed doubts as to creditors are willing to accept pay nection with the Banque Industrielle sonal part played by different mem- whether the Boxer Indemmity could ment of 50 per cent, according to a be collected; but he (the Chairman) special echeme; while the Government atfair, and in putting forward the beta of the executive of the State, demand for & Parliamentary inquiry acting either individually or as the submitted that it was not for the prosecuting the guilty members of tit M. Tardieu and his friends Council of Ministers, and the manner creditors to doubt when a man the Bank Industrielle, it must not like M. Benoit, in a very high forget to repair the damage done. remind the Chamber that this was in which facts have, as is alleged. when the Panama scandal came to a liament by the Government. It is VIA MANILA, JAPAN, HONOLULU, HILO, SAN FRANCISCO SAN PEDRO position in Frazce, raid that those When Parliament and Senate have the course adopted thirty years ago, disproved declarations made to Par- head, and, further, that two of the hardly necessary to dot the "i's and occasion were the, present Prime it to be clear that an inquiry on Deputies who demanded it on that feroes the "t's" of the document, for Minister, M. Poincaré, and the the lines indicated would pos- s688 all the elements required for Minister of Justice, M. Barthon.

Calling et Dairen.

+Calling at Keelung.

June 21st.

g. Calling at Dairen and omitting Shanghai-

SOUTH AMERICAN LINE. HONGKONG TO VALPARAISO.

SALINA CRUZ, BALBOA, CALLAO, MOLLENDO, ABICA & IQUIQUE.

STLAMERA

THENCE AT TRANS AnDEAS BOUTE TO BUI∞ ÁTEES,

TOME

SETYO MARU....14,000 emer RAKIYO MARU

-

LEAVE KONGKONG.

May 13th. ............................ Jaže 24th.

+Omi. Manila..

+GINYO MARU.....................

Fer full information regarding parangers freight and milioge; apply to:-

Y. TSUIBUMI, Lisnager; King's Puilding. Tel. NOL. 2374 & 2375 Agents at Carton; Hestra. T. E GRIFFITH LTD.

THE"" CHINA KALL.”

NOTICE.

Canmunications rsisting to news should

subscribers in Hongkong and Kowloon

enis per month.

".

F. TSUTSUMI,

...Manager. Hongkong, April 10, 1923,

VEREENIGDE NEDERLANDSCHE SCHEEPVAART MAATSCHAPPIJ

(United Netherlands Navigation Company)

BOLLAND-00ST AZIE LIJN. (HOLLAND-EST Asia Liz)

NOTICE TO CONSIGNEES.

From AMSTERDAM, HAMBURG, BREMEN, GENOA and LISBON.

The 8. 8. "00STKEEK”

were the assets, which meant that the agreed why should we wait? The French Government has not cabled money could be got. In addition to the Boxer Indemnity, there were 484 to the Minister in Peking to start the

Eaving arrived from the above ports, consignees of cargo by her are notified million frants consisting of calls das begotiations." from shareholder. As business IDEN The Shanghai French union sent they'all knew hst-ons of the obliga the following telegram :

In accordance with the regular pro- stirring political lite in France to its that all goods are being landed at their

risk into the hazardous sadjar extr tions of shareholders in every" com- "Frezch creditors meeting Shanghai cedure, this demand for an inquiry depths.

The grounds for the arrest of herdous Godowns of the. Hongkong stated to be & Kowloon Wharf & Godown Co, Ltd, pany was to pay the calls that were are indignant, after vote Parliament will be examined by the Commission made. Cash in hand amounted to 58 and Senate, negotiations have not for Civil and Criminal Legislation of Fernotte are startani alia deifrared free at million france, making the total assets been started between French Govern the Chamber. If the inquiry takes that while director of the Banque whence and/or from the wharves deli Goods not cicara by the 17th ment and Chinese Government. Now place it suffices merely to read the Industrielle de Chine it took up very may be obtained. Pratage is Charged at the tabs of fifty 125 million francs.

Adding up the liabilities they all new delays are more and more points with regard to which it is de 130,000 shares of the Societe

All broken, chafud- and - damaged. bile of macription to the "Overland would find that they came to far prejudical Unanimously required to fix responsibilities in order to Alsacienne de Produits Chimiques at April, 1922, will be je to, reak bin Wins $12 poradnia: postagemore: bat certain of them 1eed ultimate instance quick solution. realise what a stirring up of the water the issue pries of 100 each, and packages are to be left in the Godowns, Ise conce each.ingle copy twas having up the

909 million printed in paper February 9, but will cally mentioned the principal allege issue artificially raised their price and 15th April, 1922, 10 by

the action taken pat them on the market at between Mara. Goddard & Douglas. recte un Paper 2.3.6, 7, 8 and 9 should francs was divided into two parts. before everything and at all cost tions concern

Cisims against the atesmer must be Berthelot 400 and 5501 M Philippe we sent to the fifton, No. 5, Wyndham One part w?s composed of the purely solution because. French good and by

ret, not later this 11 30 a.

presented in writing wi bio' ten days A PARENT'S DUTY.

after arrival of steamer, otherwise they All matter for..patication should be Alterations and additions to drarti banking debts, amounting to 70 mil creditors good fequire. it Have when Secretary General at the Quai walikua op ̈ons side of the paper only.. merts: on pagos 1. 4. 5 and 10 should be lions, and of the deposita, amounting confidence Government foil allatory d'Orsay, the part played by Frecch

New Advertisements should be want to 516 millions, or a total of 585 mil tricks which are speculated upon by diplomatic representatives in the Far YOUR boy always getting scratched will not be recognised. Latters relating to business should be before 2pm

lions. The other part of the liabilities, enemy French good in the Far East, East in favour of private interate, or eat or bruised. Because these No Fire forrance will be affected 1-y-

they always will. Get dárostad to Tan Mayadır.

Bill of Lading will be countersigned Base of exhauription to "Chinis Mais are not ordered to a fized period will be debts owing to the French banks, liquid assets....

and not ordered to being which for secundary consideration, were and to end the soonest the wasts of conflicts between French banks liable wounds bave healed all right in ne sign the undersigned in any case whatever,

to have unfortunate effects upon the Chamberlain's Pain Balm and see that

by Bað perʼannaan ; per quarter and per men, veifaxed until countézuanded:“

JAVA-CHINA-JAPAN LIJN, Telegraphie Addrer MAR" Bongkang amounting to 279 millions, and long One of the Shanghai speakers bad prestige and credit of France, very injury is cared for imediately

im Groggal Agenta 3068: AE. O. 5th Kaltiow.u-

poison is too dangacons a discaasta rak term liabilities moueting to 45 explained that there were three relations between banks and news. You can get nothing better, and blood millions or altogether 823 millions of schemes: (1) Winding-up, which papers and callusion between flance For me by all Chemists and Store

Hongkong, April 11, 1922, would give about 10 per cent; (2) and politics, the conditions in which keepers.

be midressed to Tus Entrer.

Correspondents and forward their astom kod addresses with any communics. woondared to the Editor. not necessarily

for pubiliation bat sa eridence of good

sara_2pen zaba

Chosen for astes coples of the “GuarA | Man""should be sent as soon as poetible se the supply is limited, Cash 10 oly Oradit

ive

Alterations and additions to Advertisideration. The total

wat ne not later than 1 p.m.

Telephone. Mai 2...

THE CHINA MAIZ,

Irários:

bottle of