1915-03-19 — Page 7

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WÄR EFFECTS AT HOME.

IMPRESSIONS IN EDINBURGH

AND GLASGOW.

WAR AND JAPANESE SILK.

A REVIEW OF THE SITUATION.

At the outbreak of war in Europe there A DEMAND FOR WOMEN WORKERS. was a prospective world's supply of some 60 million pounds of raw silk (Japan's Some people in Edingburgh- city quota being 27 million) with practically poor but proud," says the Daily News only one open consuming market, viz., the and Leader claim that, though in popu- United States, whose consuming power lation she is but one-third of Glasgow, yeb last season, under exceptionally favourable in accumulated wealth hor people, house conditions, was 20 million pounds for house, are as rich as those of her com(Japan's share being 20 million). mercial rival Glasgow, instancing three Under such circumstances a sharp drop recent millionaire Lord Provosta, denies this, but the point hero is that in both in values was inevitable, and even a re cities the great Trustco Savings Banks turn to the Yose level of July, 1896, are putting by money, even in a financial appeared not improbable; but it is an year which, ending in November, included axiom of the silk trade that a low level four months of war. In Edinburgh, the of prices opens up now outlets, and it was growth of deposits, including interest, was hoped that Japan, by keeping open the about £250,000. In Glasgow, the increase tradal routes of the Pacific, and by grace was £317,000, this on a total of more than of low insurance rates, assured by the 12 millions, With 70,000 men at the front, Japanese Government Insurance Law the now accounts were fewer than usual; would not only hold her own, but might but withdrawals, save in early August reasonably hope for a large increase in her wore also less. It means two things-first, share of the raw silk oxports to America. that the people retain confidence in these banks, and, secondly, that they are not living upon their past savings, but upon

their present incomes.

In Edinburgh the best financial authority approves of Mr. Lloyd George's

How far short of expectations these have fallen may be gathered from a com parison of the exports from the lat July

TO EUROPE BALES] 1913.

embargo on now issues. But it is hoped To 31st October... 27,067 that high-class securities, which happen to To 30th November. 94,127

1014. Difference.

6,876-20,191 8,574-25,559

be now maturing, may be allowed renewal, to 31st December, 39,354 10,598-28,761 aince this would be no drain on capital To 31st January... 44,050 12,147-31,003 but merely a continuance of investments To 29th February. 46,393 14,118-32,280 mado years ago. The tone is optimistic.

27

We can find for the war a thousanth millions,"

was a remark which has been made to me by bankers and others i more than one largo city. I am told that Sir George Paish has put the normal av ings of the country as high as £400,000,000 a year which is nearly enough to pay for Great Britain's share in the struggle.

PRINTING TRADE.

Total Differ Differ-

ence.

THE HONGKONG DAILY PRESS, FRIDAY, MARCH 19TH, 1918.

WAR BREVITIES,

The value of the copper which it was attempted to smuggle into Germany and which has been seized by the authorities at Rotterdam amounts to 108,000 guilders:

Harvard University Corporation has appropriated £20,000 as a fund for the professors of Louvain University who will in the teaching staff of the University next September.

Amongst the rhymes for the times appears this

From British Bul', from Gallic Cook, The Eagle gets bu rudo a shock. Ho has to eram his journais full Of stories that are cock and bull

The British Consul at Hodeidah has been delivered up at the Italian Consulate. The Turkish authorities rendered honours to the Italian flag. The British Consul immediately embarked in an auxiliary

cruiser.

When two Austrian aeroplanes flew over the Montenegrin Winter Palace, at Ricka, the King and Queen and the Princesses Came out to watch the machines, and were narrowly missed by bullets fired from quickfirers.

In

Every possible means is employed in Germany to obtain gold coin. Zehlendorf school teachers promised boys. van bread to the value of sixpence for each twenty mark gold coin produced for change into paper money. Over 2,000 marks in gold were collected by this method. Central News.

The German Colonial Secretary of State, Solf, has pointed out to a corres pondent of the Turin paper Stampa the gallant defence of the German colonies by the troops formed by the colonists, and severely criticized the destruction of the prestige of the white race by the British attack on the German colonies,

During her voyage from Mexico to Corunna the liner Champagne, of the Compagnie Générale Transatlantique,

received a wireless message warning the Captain that among the passengers was a German, who had been commissioned to America alone up to 17,000 bales, and now

blow up the ship. The German was arrest- that the middlemen have set theired and placed in irons. In his trunk Give seal upon this advance, by an agreement dynamite bombs were found. not to sell below the basis of Frou for m Sinsbiu No. 1, and, to this end, have re fused to finance further silk consignments from the interior, it seems opportune to direct attention to the danger to the silk trade of Japan attendant upon this dis regard of internal and external tradal considerations.

Basco Canall on February 1st, in which After a stubborn contest south of La

our men drove the Germans out of their

TO U.S.A. [BALEB.]

1013. 1914, To Oct. 31. 40,020 55,000+ 6,097-14,118 To Nov. 30. 64,656 64,728--- To Dec. 31. 74,478 77,440 $,070-31,837 72.25,625

To Jan. 91 92,260 86,470 5,790-37,693 In Edinburgh the printing trade em

To Feb. 28. 109,454 92,922-11,132-43,412 ploys 12,000 persons, It has been nard

The falling off in exports to Europe ca. hit, and has not recovered. Wor liters be ascribed to force majeure, but the ture has helped things, and immense num same plea cannot be set up for the figures bers of Bibles have been bound up for the to America. It was not a mere coincidence soldiers.

About 20 per cent, of the that the falling away in November's ex- whole trade has enlisted, or, put in another way, 70 per coat of the able ports to America synchronises with the bodied males.

Government printing Middlemen's October Agreement not to helps some of the larger firms, but the sell Sinshiu No. 1 below 100, nor that the general. position is not satisfactory.

ficticious rise of December January-ficti- Both in Edingburgh and in Glasgowtious because it was based upon the the landladies are in difficulties. Students expectations of Government aid--has and young men generally have been draft- brought the total ratio of deficit to od elsewhere. Billcoting, if it could be arranged, would be a blessing, but in Edinburgh, which is a prohibited area, there is not even a Belgian to be had. In Glasgow the Belgians who have obtained work are placed out in lodgings selected and supervised by the local relief workers, which co-ordination helps matters con In both cities I made inquiries about the shopkeepers. The Edinburgh trades- man fears the war far less than he fears the progress of the co-operative system, It is argued that Y700 does not repre- with its local membership of about 50,000, sent a proût of Y60 per picul upon the Glasgow has had an amazingly good previous 1700 convention, because Y35 per Christmas. Even a jeweller, with a pro- picu represents accrued interest and minent business, confesses that he did bet-charges since October; in other words, it ter this December than in December, 1918. would have been more profitable to the

WOMEN WORKERS WANTED: Scotland is,

in, on the whole without individual reelers to have sold their silk during October-November at Y676, and distress. The farmers are favoured by

any number of casuals. In Fifeshire the mines-dependent of export have been closed, save for two days a week. But things are now better, and the only result of the depression was a wave of recruiting on the part of men who are precisely suited to trench work. On the Clydebank, the great firm of Singers. with their sewing machines, folt the crisis severely, but even here the average is the confectionery trade in Glasgow, and golf balls are no longer in demand, eran if there were rubber to put into them. the Chinese long reels," formerly ly strewn with mines, but the submarines.

siderably.

trenches at the point of the bayonet, the troops who had taken part were in such excellent spirits that on being relieved somewhat later they marched back to their mouth organs and the roar of guns. billets singing to the accompaniment of

The rescue of Assistant Paymastor Francis H. Wakeford from the formidable is another instance of the good luck which seems to havo favoured the family. Mr Wakeford's father and brother Charles were among the survivors of the Empress

SHIPPING IN PORT.

STEALERS.

CHEIAN MARU, Japanese str., 1,000, Maka, 16th March-Kinhon Bay 13th March, Bait-Osaka Shosen Kaisha..?

CELONGSHING, British str., 1,239, Liddell,

12th March-Tientsin 6th March, Gon- eral-Jardine, Matheson & Co.

CHICAGO MARU, Japanese str. 3637, K.

INDIAN AFRICAN LINE.

✅Cargo carried on through Bills of Leding from HONGKONG to BEIRA, DELAGOA BAY, DURBAN (Natel), EAST LONDON, PORT ELIZABETIT auð CAPE TOWN with transhipriant at COLOMBO to Stormors of the INDIAN AFRICAN LINE

FROM HONGKONG:

20th March

PROPOSED BAILINGS, Connecting with "SUBAT"

FROM COLOMEO 1

18th April

EXUSTINT ACCOMMODASION FOR 18T AND 2ND CLASS PACEENORRS,

Hori, 11th March Manila 0th March, ORIENTAL AFRICAN LINE.

DAIJIN MARU, Japanese str., 900, K. Mure- General. Osalta Shosen Kaisha.

kami, 17th March-Swatow March, General. -- Osakı Kaisha,

16th

Shosen

DRUFAR, Norwegian str., 1,102, J. Bing, 16th March-Swatow 16th March, Gen- erak-China-Siam S. N. Co. FETCHING, Chinese str., 970, A. B. Buno, 16th March-Shanghai 13th March, General Chinese.

FOOSHING, British str., 1,429, W. D. Welsh,

18th March Singapore 8th March, General Jardine, Matheson & Co." FUEUI MARU, Japaneco str., 3,097, 19th

March Miike 8th March, Coal,-- Mitsui Busson Kaisha. Hatuus, British str., 641, A. H. Stewart, **irth March-Swatow i8th March, Gen-

eral. Douglas Lapraik & Co. HAIYANG, British str., 1,363, A. E.

Hodgins, 17th March-Swatow 18th March, General. Douglas Lapraik d Co.

HANDI, French str., 842, Ch. Le Chevalier,

10th March-Haiphong 14th March, General-A R. Marty.

HONGKONG, French atr., 742, Marguerite, 14th March-Hoihow 13th March, General.-A. R. Marty. HUNAN, British str., 1,143, H. Hobb, 13th

Match-Bangkok 5th March, Rice – Butterfield & Swire.

HOPER, British str., 1,205, C. P. Cole, 17th

March-Bangkok 9th March, Rice. Butterfield & Swire,

IZOLA, British str., 3,402, Butler, 15th

March-Saigon 9th March, General.

David Sassoon & Co.

Kanton, Norwegian str., 949, Faltmen, 11th

March Hongay 8th March, Coal- Chineso.

ANSU, British str., 1,828, Monkman, 12th

Butterfield & Swire.

Ka March to 11th Jan, B

Imaizumi, 8th March-Moj nd KEIJO MARU, Japanese str., 1,164, D.

March, General-Order. KENKON MARU, Japanese str., 2,001, B.

Easaki, 9th March--Moji 3rd March, Coal.--Mitsui Bussan Kaisha. KIANG FING, Chinese str., 1,222. U. Udden, 14th March-Chinkiang 8th March, General Chinese.

LINAN, British str., 1,310, 15th March-

Shanghai 19th March, General.- Butterfield & Swire. MAUSANG, British str., 1,644, Matthews, 16th March-Baudakan 9th March, Timber. Jardine, Matheson & Co.

aplendid prices, and can find work for vastly mone so to the trade at large would of treland wreek, the third son of MY MINNESOTA, American str.,113,323, Garlick,

|

have been the resultant relief of 711,000,000 Wakeford, senior, who has just received a to the financial strain, commission in the army, escaped unhurt

It is a fallacy to assume that the Ameri- in a recent motor-car smash. can manufacturer is so dependent upon Japan that he can be held up.” to any given price, whilst China and Európe äre straining every nerve to compete for his trade; high cost labour may be a deterrent to experiments upon other ailks, but besides the reduced demands for Japana demand is being forced on to other lines;

The Standard's correspondent in Ams terdam states that the Berkner Tugeblatt, discussing the sinking of the Gornau cruiser Gezelle, states that large, wadern, British submarines are in the Baltic, and that three have been at Helsingfors, a some time The Great Belt has been thick

A

11th March Seattle 6th February: General-Nippon Yusen Kaisha. NUDIA, British sir, 3,697, A. B. Garwood, 11th March-Bombay 22nd February, General-P. & O, B. N. Co, P PREUMPENH, British str., 1,085,- W. O. Eird, 12th March-Seigan 7th March, Rice and General-Order.

asserting itself. The price of sugar struck there are indications that the American seaport town on the Gulf of Finland, for/ SUMATRA, Swedish str., 3,271, A. C..Nord-

considered unusable in America, have in the past three months found their way to tho New York market, and trade, ones lost, is not easily recaptured.

havo evidently entered the field following close in the wake of the steamships which have a pilot guiding the vessels through the minefields.

Yes," was the reply. "How many children have you?" "Nine !!!

The recruiting officer stared open- mouthed for a minute, and then with ideas of allowances in his mind exclaimed, Take your hook out of this! We can get feld marshals at that price t

Also dressmaking is slack, for a social as much as an economic reason, sínes there are few evening dinners and receptions, for which in the ordinary way ladies would require costumes. Yet, despite the It is further argued that the carrying circumstances, it is literally a fact that of the present stacks of cocoons into the A well-known character in a Lancashire Glasgow is short of women workers. now season will ensure to the reelers a town offered his services to his country. Referring to hosiery, men's underclothing supply of cheap cocoons for 1915-1916; "Are you marnied asked the recruit- and shirtmaking, a well-informed lady apart from further accumulated interesting officer Baid to me," the girls cannot be got." I and charges thereupon, no account is taken visited the new municipal workroom for of the deterioration in quality, nor of the women which has been opened in a lane extreme improbability that many farmers which Glasgow poetically calls "the Spout will, in the face of large stocks of old Mouth." There I found twenty young coccous, expend money and labour upon girls learning, to use power was new rearings just to accommodate the machines, provided by Messrs. Singer Another six were learning cookery. The alaturos with a supply of abnormally girls are carefully selected, and are paid cheap cocoons. 10. a week, or 3d. an hour, which is nearly, if not quite, double what a learner would receive in an ordinary way. A hundred machinists could be placed, here and now, with shirthaking firms. Mechanical knitting women are also needed, which—so strange are the ram- fications of industry-brings one to the fish trade..

“GUITER" GIRLS. The gutter girls which is not a term of reproach, but merely the technical description of the six or seven thousand Insties who "gut" the fish-are accus tomed to follow the fish round from the west of Scotland, right over the high- lands, to Yarmouth, where the season cuda about Christmas. The girls, and the trado on which they depend, are much troubled by the clesing of the North Sea But, although they are receiving relief, it has to be said that the families, so maintained, are often possesid of balances at the bank Fishing is on the whole a rémurerative business-a harvest without ploughing or sowing, which hes only to be reaped Many of the fisher- men, with their complete indifference to danger, are of great service to the Admiralty. They undertake the riskiest tasks with absolute nonchalanca.

THE

enced labour.

Recently, the lifeboat at Schiermonni koog (Holland) answered distress signals from a German water-aeroplane, which was stranded on a sandbank The airmen wished their rescuers to promise not ta intern them, but this proposal was refus ed, whereupon the airmen decided to wait where they wore on the chance of being rescued by a torpedo boat. They clung to their plane for five hours, and a rising storm then compelled them to again signal the lifeboat. It was too late to rescue them by this time, and the crew of the waterplane lost their lives.

The Japaness Government has already made terge monetary advances, at low rates of interest, in aid of the silk industry, but the rate to the reelers be- comes enhanced by the risks assumed by the banks and the middlemen. Much as the silk trade wes to the services and assistance of these last in normal times, it must be recognised that the present situation is quite abnormal, that cocoon stocks represent undeveloped resources to the country at large, while the future of the industry depends upon the welfare of the filatures, and above all of their experi- whether from policy or other causes, are Thus if the middlemen, unable to finance the reelers, then it is Amid 4 host of military, regulations incumbent upon the anthorities to find issued by local German commanders in the other channels for these Government neighbourhood of Alsace, appears in one funds, possibly with some restrictions proclamation the following paragraph:- upon production, particularly of nightAnyone who shall use in the street work with its concomitant evils of French words such as adieu, who shal "double ends" and other defects.

play the clarinette anyone who shall wear clothes of a French cut, who shall write German in French characters; any one who within twenty-four hours shall fail to remove French inscriptions from the tomba, shall be immediately arrested and taken before a équncil of war.

.SPORTING GATES IN THE UNITED STATES.

But the lassies-how about them? Interesting figures, compiled with great

are the fastest knitters in the care by a group of writers and experts A semi-oficial Paris report states that Well, they and when upon athletic subjects, show that appea French pirmao, and a machine gunner their health fails and they take to bed, mately twenty-five million spectators chased a Taube. After a few minutes they still go on kuitting. As the moment witnessed amateur and profesional sporta firing the Taube fell in flames, its wings a good deal of knitting is needed, and the in the country during the past twelve torn to ribbons. The Frenchmen then fisher-girls are the people to do it. mouths. This number is equal to about attacked two other aeroplanes. The first Recruiting in Septland is a pheno-one-quarter of the total population of the bot struck one, and the Frenchmen bore menoa. In an important Government United States, and is indicative of the down upon it vertically, firing incessantly. Office half the men have gone, and others astonishing hold which athletic event Suddenly the German machine fell like & continually ask for leave of absence have taken upon the American public. It stone. The Frenchmen next rose 1,500 urging that people look at them in this estimated that by far the greater part metres and engaged the third aeroplane streets as if to ask: What are you still of these twenty-five million represent paid The latter replied with automatic rifle fire, doing here?" Sir George Macra? 1 admission. Baschall, the most popular of but began to fall after a minute with the

feld, 14th March Moji 9th March, Beans. Swedish Trading Co... TIENTUIN, British str., 1,227, John Cogan,

9th March-Shanghai Sth March General Butterfield & Swire:

TOKYO MARU, Japanese str., 2,304, Naka- mura, 11th March Mororau 28th February, Coal. Mitsui Bussan Kaisha.

Reguler Dirust Barvice from JAPAN, CHINA and STRAITS to BEIRA, DELAĜOA BAY, DURBAN, EAST LONDON, PORT ELIZABETH and CAPE TOWN, calling at MAURITIUS en route, and affording the Quickest Freight Transport from the ORIENT to SOUTH AFRICA.

911

PROPOSED BALLING T

From Hongkong 1

"SALAMIS" 15th Jane, FIRST GLASS ACCOMMODATION FOR PASSENGERS. PFITTED Wish WrenaISTELEGRAPHY, For Katen of Freight and Pango, apply to'

THE BANK LINE, LIMITED, MANAGING AGRITIS,

ELLERMAN LINE.

JAPAN, CHINA AND STRAITS

T

MARSEILLES, LONDON ANDELIVERPOOL,

For

Steamer

...

Sails. MARSEILLES & LONDON ... * CITY OF CORINTH””..... On 24th March.

"KALOMO”: „

On 10th May.

* CITY OF NEWCASTLE” On 20th May

Subject to change without notice. For antos of freight and further information apply to

Hongkong, 13th March, 1915.

---

THE BANK LINE, LTD.,

GENERAL AGENTE.

[369

THE TAIKOO DOCKYARD

AND ENGINEERING CO. OF HONGKONG, LTD.

TAIKOO DOCKYARD. HONGKONG.

SHIPBUILDERS, SALVORS AND REPAIRERS, BOILERMAKERS.

BRASS AND IRON FOUNDERS, CONSTRUCTIONAL.

ELECTRICAL AND MECHANICAL ENGINEERS.

WELDING AND CUTTING OF METALS BY OXY-ACETYLENE AND ELECTRIC SYSTEMS.

Estimates given for quick construction and repair of Ships, Engines, Boilers, Railway Rolling Stcok, Bridges, and all Classes of Engineering, Iron and Wood Work. GRAVING DOCK-787' by 86' by 84' 6" Pumps Empty Dock in 2-3/4 hours.

THREE PATENT SLIPWAYS taking vessels up to 3,000 tons displacement, providing

conditions for painting ships with most efficient results.

100-Ton ELECTRIC CRANE ON QUAY-ELECTRIC OVERHEAD CRANES

branghout the Shops ranging to 100 Tons, 60-ToutHydraulic TESTING MACHINE for Chaine, Wire Ropes, Livets, sta AGENTS FOR

JOHN L THORNYCROFT & CO., LTD.

PETROL and KEROSENE MARINE MOTORS 7-1/1⁄2 to 150 KH‚F,

As supplied to the British Admiralty and War Office, MOTOR VESSELS, LIGHT DEAFT CARRIERS, GUNROATS, LAUNCHES

HOUSEBOATS and PLEASURE CRAFT OF EVERY DESCRIPTION, MOTOR PUMPING and LIGHTING SETS, MOTOR VEHICLES, E20. Dockyard Managers, on be soon between the hours of 11. and 12 Noor

at the Town Offlos.'

TUNGSHING, British str., 1,173, Hussey, TELEPHONE NO. 212.

18th March-Hongay 13th March, Coal-Jardine, Matheson & Co.

UMI MARU, Japanese str., 1,507, 15th March-Moji 9th March, Coal-Osaka

hosen Kaisha..

WADA MARU, Japanese str., 1,195, Hsai, 15th March Miike 9th March, Coal.

Mitai Bussan Kaisha. YAWATA MARU, Japanese str., 2,854, 16th

March-Miike 10th March, Coal Mitsui Bussan Kaisha. YOZNSANG, British str., 1,128, P. H. Rolfe, 16th March-Manila 13th March, Gen- eral--Jardine, Matheson & Co.

BUTTERFIELD & SWIRE.

HONGKONG, CHINA, AND JAPAN, AGENTS. Telegraphio Address:TALKOO.DOCK"

JAVA-CHINA JAPAN LIJN

REGULAR FORTNIGHTLY BERVION BETWEEN - JAVA, CHINA AND JAPAN.

EXPECTED

30

First half of Mar First half of.

Mar. First half of Mar.

STEAMER

FROM

ON OR ADOUT

WILL LEAVN FOR

ON OR ABOUT

FORTHCOMING EVENTS.

TJILATJAP

JIMANOEK

TJIKINI

PJILIWONG

TJITAROEM

PJĪPANAS.

TO-DAY

4.An Operetta at the French Convent. TJIBODAS...

TJIKEMBANG. TO-MORROW 4p.m.-An Operetta at the French Convent.

JAPAN

SHANGHAI

JAVA

JAPAN

JAVA

JAVA

JAVA

JAYA

Firat half of Mar First half of Mar First half of Mer: First half of Mar. Becond half of Mar Second half of Mar Beocnd half of Apr Fecond half of

JAPAN

JAVA

SHANGHAI

JAVA

SHANGHAI

JAPAN

JAPAN

SHANGHAI

Second ralf of Mar Second half of

Mari Second balf of

Mar. Second half of

Ápr.

Second half of

Apr.

Apr.

Monday, 22nd March

4 p.m.-Hongkong General Chamber of Com- merce Meeting of Foreign Importers at the Secretary's Office

Tuesday, 23rd March

Noon China Sugar Refining Co., Ltd,

Meeting of Shareholders. 12.15 p.m.-Luzon Sugar Refining Co, Ltd.,

Meeting of Shore

Shareholders. Wednesday, 24th March

11 am Hongkong Club Twenty-Seventh Half-Yearly Drawing of 65 Debentures in the Club House

Thursday, 26th March

Noon-China Fire Insurance Co., Ltd.,

Mooting of Shareholders. Wednesday, 31st March

11 am-Hongkong and Whampoa Dock Co.,

Ltd., Meeting of Shareholder Noon-Hongkong Rope Manufacturing Co,

Tuesday, 20th April

Colonel of a regiment which he raised in American sports, is responsible for nine left wing tilted. The Frenchmen vol Ltd, weeting of Shareholders. a week. The Heart of Midlothian Foot million spectators, the attendance being plaved, Bring continually, and the Ger ball Club raised a company, which is known by its name, and will challenge scattered among the three hundred pro any other football team on this earth tofessional cubs which were active during immediate combat.

the past season.

man was dashed to the ground. Although bombarded with shells, the Frenchmen returned to the French lines safely.

NOON-Tooraugio Rubber Co. Lid,, Glateral Mesting at the Office of Messrs. Lowe, Bingham & Matthews.

The Steamers are all fitted throughout with Electric Light and hava accommodation for limited number of Saloon Passengers, All steamers ostry a staly qualified surgeon, Cargo takes at through rates to all ports in Netherlands India and Australia"

For Partioglars of Freight and Passage, apply to the

York Buildings, 1st Floor,

Hongkong, 19th February, 1915.

JAVA-CHINA-JAPAN LIJN. Telephone No. 1574,

THOS. COOK & SON.

TOURIST, STEAMSHIP AND FORWARDING AGENTS,

BANKERS," &20,

Head Office for the Far East 16, DEB VŒUX ROAD, HONGKONG. SHANGHAI: 2-5, FOOCHOW BOLD, TOKOHAMA: 32, WATER STREET

MANILA MANILA. HOZZL

TICKETS SUPPLIED to EUROPE by the princips] · STEAMSHIP LINES and

TRANS-SIBERIAN RAILWAY.

TOUES arranged to ALL PARTS of the WORLD.

·BAGGAGE c«l'estad, forwariled and insured at lowest rates.

LETTERS of CREDIT and CIRCULAR NOTES ISSUED and CASHED, FOREIGN MONIES Exchanged.

CHIẾP OFFICE :-LUDGATE CIRCUS, LONDON, EC.

Hongkong, and July, 1914,

(133)