CHINA ASSOCIATION. ANNUAL MEETING IN LONDON, FROM OUR OWN CORRESPONDENT.].
Lospos, June 1st.
There was only a small attendance at the aumial mecting of the China Associa tion, hell this afternoon at the P and O offers in Leadenhadi Street. The war was affecting even that, and it was soon made known that it bad ́affected also the activi nits of the Association during the year to, such an extent that the chief officers wer In he reelected in order to give them a ran worth while.
JAPAN'S HIGH STANDARD OF HONOUR.
We have referred in the Report to the Japanese clains on Chian, which at one vira-gays-rise-to-/some-uneasiness in this country owing to cireuinstantial reports appearing in the Press of the far-reaching character of some of the demands. British subjects both here and in the East, being friends of both countries, learnt with great saldsfaction of the conclusion of a Agreement between the tựa Governémats. It is true that certain points are reserved for future discussion, but there is go reason to believe that Japau is well aware of the importance of the principles laid Mr. F. Anderson presided, and there down, in her Treaties, and that in any were also present Sir Walter Fillier: Sir future discussion she will not depart from the policy she has repeatedly declared it Alfred Dont Messrs. Byron Breuan, .COM.G. T. II. Whitehead, A. S. Guchter intention to uphold. At the siege of Kisorhow Japan gave a much-norded JW. Robertson, Edgar J. Honip. IT. J. C. Jones, D. II: Macintoshlesh in chivalry and humanity to Ger- miany when she allowed ample, time anul Lesnard Kerr, John C., Bois, W. Thurlow
THE HONGKONG DAILY PRESS, FRIDAY, JULY 2nd, 1915.
getting ships to carry the cargo than in HONGKONG SHARE MARKET. getting cargo to fill the ships, so that
Messrs. Vertion & Smyth in their weekly his objection no lenger has the same weight that it formerly may have ind.share report dated Jane 20th, 1915, state": Further, We notion that France hasThe leal market during the few days recently prohibited trading with the The French have ne enemy in China:
enemies.
which herva-clap-add-inee-the issue of our last report on the 23th instant has ruled As to the other reasons, it may be quite firm with a good enquiry for most stocks, true that German trade marks world and business has again been curtailed only lose their value if withdrawn from the by the comparative scarcity of sellers. Chinese market, but if buyers in Chins Prices in sotar instances show further im could not get British goods under German provenient, and the prevailing tone at the trade-marks they would soon get the goods closes of the half year is one of strength they wanted under British marks. Frond penis, Londen stocks have not been the strong, representations made by all denit in forally during the interval, and are quite beyond a decline in Shells to 80/- ex divi: our branches in China, we satisfied that there is sound foundation for the statement that British firms and (middle prive) we have no alteration in quotations to report Bar Silver s not capable of taking over the whole
1/0 5-16. and Shanghai T.T. 78 Tim British trade with China without the quoted today at 221d., Sterling T.T. at participation in it of German firms.
BANKS.-Hongkong and Shanhais have There would, perhaps, by some change in has advanced in Lution to £171. the method of carrying on the in
would be a healthy change, and one ben seld locally at $812, and further beneficial to British interest generally in shares are enquired for at 8810.
Lay, H. Wilroekson, T. W. Richardson, opportunity for the women and children thoroughly investigated and I am unablen: $240, ex 73..
Clement F. R. Allen, Paul H. King. A. G. Wood, C. H. Ross, R Chatterton Wil- cox, C. Selley Moore G. Jamieson, R. II. Hill. George B. Dodwell, H. II. Joseph, Abbott, F D. C. Rutherford, F. J. Salinger, William, D. Little, J. C. Hanson,
J. K. Michael, E. F. Carroll. J. S. Hus
MARINE INSURANCES.-Unions have been Quite recently stane very remarkable booked in small fols at $500 and $900, and and interesting information hus lean more an enquired for at the former rade, received by us about the way in which Cantons are changed with buyers at German trade has been conducted in $365, North Chims are quiet at Th1⁄2, 170, Chun, it the information has not been and Yangtze firm with probable buyers
FIRE INSURASces.-Chinas have and non-combatants to leave the fortress to lay it before you to-day. before beginning the bombardiment, and Imittee will deal with the matter, and per- proved to $148 with sales and buyers, and haps at some later date it will be able Hongkongs are in request at $395, but with- think we may rely upon Japan maintain.
to communicate further information tout business to repart, you on this subject. the highest stamlard of honour in je. gard to any digagements to which she has attached her signature.
-Members will have been glad to learn
The Com
The Committee hope that in the light of later information the present Govern ment may see their way to take more whole-hearted action in connection with trading with the enemy in China than
103.
SHITISG-Douglases have continued to advane and can now be placed at $4 caal. Sales have en effected at this, tember. Chins and Manilas are firmer and also at 855/56 August and $56/57-Sep with buyers at Sá, Star Ferries weak with
kell, William Harwood, 11. D. Stewart, hat the long outstanding question appeared advisable to their predecessors sellers at-837, and Steamboals quiet with
F
(1: Sale, W. II. Wickhom, Herbert -Salinger-Ed-Cousin and II. C. Wilcox.
The report has The CHAIRMAN sai
I ben c'reniated to Members in advance. meist not therefore, lo more than refer
to it is general terms. I would explain that ar hond meeting is about a month Taler than usual this year, mainly owing to our Secretary, Mr. Wilcox, having had to carry on the work of his office single handed; 'we have given leave of absenc for service in the Army to his assistant,
Nr. Lambert.
THE BAGACITY SHOWN BY THE PRESIDENT OF CHINA.
Notwithstan ling the terrible struggle in which this country is engaged so close to
Shanghai Sertinent extension has at last Every beon, satisfactorily dealt with
You will see in the Report that we have taken a hand in correcting the misrepre- sentations spreed in China by our enemies, and we hope the Chinese translation of our pamphlet will be widely circulated.
probable sellers at $29. Indo-Chinas have advanced to a buying rate of $100 with sale at this, and for August delivery at
$107 and 8100.
friend of "Ching hopes that the arrange ment will result in the total disappearance
Before concluding I would offer our
OLS-Shells are somewhat easier at a of the friction which so often prevailed in
condolence to those of our Members at middle quotation of 6- ex dividend in the relations between the Municipality home and in China who have suffered London, and sellers locally at 88/- ex divi- Langkats are not materially and the Local Chinese Authorities. The irreparable losses and have to endure pro- dend.
diged anxiety from this terrible war-changed and close with buyers in the North as leeply interested as
Some of our number have been called upor at Tls 40. ChineTM are foreigners in the prosperity of Shanghai, to make the heaviest sacrifices, and I hope! REFINERIES. Chins Sugars have steadi- it may be some little consolation to those ly improved to US with sale; and buyers, and they have now an opportunity - sĩ -
in far-distant China to know, that their and are also in request at rather beiter working together in friendly co-operation old friends at home feel deep and heart than equivalent rates forward.
felt sympathy with them. (Applause.)
after a further advance to 838), close with for the general welfare which may prove
the Chairman, sellers at $36. invaluable, if they will only take advan-seconded by Mr. George B. Dodwell, the report and accounts were received and inge of it in the right spirit,
adopted.
TRADING, WITH THE ENEMY..." - You will notice in the Appendix lengthy corresponderos on the subject
a
On the
of motion
ELECTION OF OFFICERS.
our own doors, events in the Fer East trading with the enemy-a matter which President with acclamation.
have hy 231) means passed unnoticed. Whilst Western countries over an immenge wren are being shaken to their very foun dations. China has had to deal with serious problems of her own, both internal and external. From time to time situa
tints arose which might have resulted in been shown in dealing with them, but the discretion and ability with which her Government acted under trying onditions - have enhanced its prestige, and have done inuch to inspire confidence in the present It should be
Gisaster bad weakness and irresolution:
Chines administration.
MINING-No business has transpired in this section, and rates are unchanged and more or less nominal.
DOCKS. WHARVES AND GODOWNS.-Hong On the motion of the Chairm kong and Whampoa Dicks have sold at feconded by Mr. Byron Brenan, Mr. 963 and close in request at this rate, also Kowloon Wharves George Jamieson, C.M.G.. was re-elected, for forward delivery.
after advancing to 8734 with sales are weaker again with sellers at $71. Shang- hai quotes New Engineerings at Tis, 8. Shanghai Docks at Tls. 511, and Shanghai and Hangkew Wharres at Tis. 81, all
is still under discussion. The Committee believe that in the line they have taken up "they have the support not only of all British subjects in China, but that an overwhelming majority in this country of those who have considered the question
Mr. Jamieson proposed, and Mr. C. H. Ross seconded, the reelection of Mr. F. Anderson as Chairman of Committee: of Mr. II. H. Hill as vice-chairman; and,
Mr. R. C. Wilcox na hon, treasurer. This was agreed to.
nomjual.
INTIMATIONS
LANE,
ORAWFORD & Co.
ESTABLISHAP ISO).
(TELEPHONE 1741).
FOR ALL KINDS OF
BAGS
LEATHER HAND-BAGS.
LADIES' SILK VANITY BAGS.
HOLDALLS
LINEN BAGS
GENT'S
KIT BAGS
COLLAR BOXES. COLLAR BAGS.
CADDY
SUIT CASES,
BAGS.
HAT CASES, CRICKET BAGS.
TENNIS BALL NETS.
BTC., ETC.
ALL BRITISH MADE.
LANE, CRAWFORD & CO.
also agree with them. Apart altogether eneral Committee was rected or for West Points at 871, and Kowloon Lands at WE
from Gerran hatred of England, apart. from German fiendish brutality in war, apart from the fact that it has been necessary to expel Germans from Singa pore and Hongkong, apart from the virulent and mischievous propaganda hey have carried on agajnst us in China
declared
LANDS, HOTELS AND BUILDINGS.-Hong- On the motion of the Chairman, seconded by Mr. F. J Abbott, the kong Lands close firm with busers at 31088, 840, but shares are still unobtainable at lows:--
Central Estates are quies at Bacon Inchcape of
Stratheaver, these rates. G.C.M.G.. K.C.IE.. Sir Thomas Jackson, $100, and Humphreys Estates weak with Hongkong Hotels con-- Bt.. Rt. Hon. Sir Cecil C. Smith. P.C., sellers at 86.00. Sir T. Sutherland, G.C.M.G.. Sir Walter, tings in request, but are anob ainable at Hillier, K.C.M.G. C.B.; Sir Alfred Dent. $115). EC. Claude Macdonald Sir Mr. John C. Bois, Mr. Byron, Brent, C.M.G.,
K.C.M.G. 8ir
COTTON MILLS.-On the enmpletion of Chonghai Settlemen. Ewos have jump Mr. F Cornes, Mr. Gre Cottons are wanted as Tl4, 98, and Kung ed to a buying rate of Ts, 107), Shanghai B. Dodwell, Mr. R. S. Gandry. C.B.. Yiks at Tis. 13.00. Hongkongs have sold
CM:GMr HD G. Jones H Mr. R. H. Hill. Mr. G. Jamieson,
QUESTIONS.
C.
MISCELLANEOCs.-Cements have sold and
There are sellers of Chinn
+ARE OFFERING FOR ONE MONTH ONLY
SPECIAL LINE
IN
DRAB LINEN,
COAT AND TROUSERS $7.50.
GROSE & CO., LTD.,
LONDON CUTTER.
Hongkong, 14th June,[1915.
Mr. H. Salinger said it seerned to him A correspondent in China, who has been that as the Government had expressed the for a number of years in the direct, or decided view that it was andesirable to semi-direct, employ of German firms in the trade with the enemy in China, and yet Far East and at home, writes to Eastern THE TAIKOO some British firms were so trading with resolve that, so far as in me lies, I will not he and others had every reason to baliers Engineering: "I have made a solemn should be taken. He was sure that German, certainly as long as the war lasts the enemy in China, stronger measures raise a finger to push the sale of anything
could firmy
do all British
and only afterwards after using every was needed. There was certainly noi
I was British or even American goods.
that
borne in mind that only a year ago the from the fact that German merchants Mr. W. Harwood, Mr. J. S. Haskell.! at $72, and are in further request Government had not suppressed the notori Shanghai base collectively resolved to do aus "White Wolf," disorder was wides everything in their power to injure. H. Joseph, Mr. W. D. Litt Mare wanted at 865 Hongkong Trams pread in many provinces-a kind of after. British interests in Chinia, from pitiable Belby Moore, Mr. H. W. Robertson, Mr. have advanced to 85 ex diviiland, Electries
Charles V. Sale, Mr. F. Salinger, with buyers. mata of the revolution-intrigue and incidents like their celebration in Tientsin C. H. Ross, Mr. DC. Rutherford, Mr. to 840, and Union Water Bosts to $173, all conspiracy were rife in the Capital, many of the sinking of the Lusitania carried on Gershom Stewart, M.P., Mr. H. D. Lights at $43, China Providents at 18, HONGKONG AND SOUTH CHINA STRAM Townsend, Mr. T. H. Whitehead, Mr. R. of the Provincial Governments hampered until 5 o'clock in the morning, and apart Stewart, Mr. W M. Strachan, Mr. A. M. Ropes at $20 and Wateons at $0.60.
FISHERIES CO., LTD.-Th general mana the Central Authority by obstructive from the natural repugnance to having thatterton Wilcox, and Mr. A. G. Wood.
gers of this company announce to share holders that owing to the stranding of tactics and by withbolding supplies, whilst any dealing with the enemies of cur
Mr. JC Hanson wanted to know their vessel, and the consequent heavy cost foreign relations in certain quarters were country, we think it is bod policy in our becoming complicated. In work hands the own interests to help Germans to main-whether any further reply has been of the repairs, the vessel has been sold in received from the Foreign Office to the last her damaged condition for a price which, affairs of the country would in all probabi-tain their commercial position in China: letter of the Committee in reference to the after paying all the company's expenses Now as we have been doing for the last ten decision of the Prize Court at Alexandria and liabilities, will, it is feared leave little, lity have drifted into chaos.
as to trading with Germans in China, if any, return to shareholders. Could the Committee give the names of whether it is trué or wou in ordinary times momis. The Board of Trade has express that in the multitudo of counsellors ed the opinion that in the national British firms who were still trading with If not, could they give an there is wisdom." experience has showa interest it is undesirable that British sub- the enemy 1.
such unpatriotic firms were on the Com-
CHINA. once more, and not only in China, that at jects should trade with Germans in Chan, assurance that none of the members of AMERICAN COMPETITION IN a time of national orisis it is essential for during the war; the Prize Court atmittee that was being elected at that the welfare of the State to concentrate Alexandria has decided that as Germans meeting? power in the hands of one national oestral in China are only annerable to German Authority. The grant mass of the people law, they cannot claim a neutral domicile of China quickly realized that patriotism in that country, bus are in the same legal and common-sense alike demanded that position as Germans resident in German they should support the Government of territory: yet, under the Trading with to be the Enemy Act, British subjects are unt
the Yata-Sluk-kai if disaster were averted, and the course of events has ody permitted, bu,
"undesirability" notwithstanding, they reason to fear aliut the import of Cain possible endeavour to effect a safe with justified She wisdom of their decision.
certainly ship everything produced in are almost cremraged to trade with Ger-ese Roods for British firms there could particularly interested in reading the China that was wanted here (Applause) leading article in the January issue of sin ennservative Lines has been enacted.
to prohibit trading with Germans in Engineers Association, and the speech then made by the chairman of the Execu- the authority of Peking over the Provinces
Stronger pressure was wanted definitely your paper, on the meeting of the British
les been reestablished, judicious fiscal
Mr. F. G. Sale asked whether the tive Committee, Mr. Wilfred Stokes.
this matter was foel certain that any Englishman who is forms have been inaugurated, and the
working in the East will agree that some attitude of Japan on known. first step towards the establishment of a
The Chairman said the Committee had action such as is proposed by Mr. Stokes, permanent constitution has been taken in
Offee as to the Alexandria judgment to maintain our position; secondly, to meet the promulgation of what is known as
received no official reply from the Foreign is absolutely essential, firstly, to enable us They had had an official reply, but it American competition; and lastly, to cap- The Constitutional Compact "--a trans-
was their policy not to discuss matters
My own opinion is, Tation of which interesting and important
1-That our Allies have not prohibited until they were officially concluded. The ture the trade out here of which the Ger document will be found in the Report,
their nationals from trading with Committee had not, so far as they knew, as have already secured such a large
any members who were trading with the and growing portion. enemy. Kvidence of the confidence inspired by the
They hoped none were doing so, that the competition of America is going to German brade-murks but they had no means of answering that prove the most serious problem, since the whole of South China is permeated 2.-That
They Administration may be seen in the fact
British goods would lose their value
direct question with positiveness.
Thousands of young Chinese have that two internal loans have been success-
if they were withdrawn from the had done all they could to bring this through and through by American influ fully floated in Chine at a time when the
Chinese markets and that therefore matter to the attention of the Foreign British goods shipped under those Office and they had attended a meeting already hoon educated in the States, and money markets of the Western world have
German marks would lose their at the Board of Trade at which the matter have returned bearing many evidences of been practically closed owing to the war.
was exhaustively discussed with repre- their training, not the least noticeable be market. Concurrently with all this the foreign
3.-Thab the same volume of irade with sentatives of the various Chambers of ing a strong leaning towards all articles of China could not be carried on if Commerce and others connected with the American manufacture, the strength of affairs of the country have been so handled
Far East participating. If Mr. Salinger their convictions being outwardly and German firms were prohibited from
or any other member had anything to visibly manifest in clothing and footwear that the danger of complications arising
getting supplies in England, as
a stoppage of such source from which they have sprang. For has been minimised, and we hope will be
British firms alone could not over offer in the way of a definite suggestion that leave no doubt whatever as to the take the whole British trade with as to how
trading the Committee would gladly every letter I get from English manufac entirely averted. In the past year states-
Chica. men all over the world have had to bear
consider it. As to the attitude of Japan, turers I receive a dozen from the States. they had no direct information, but they couched in the peculiar phraseology and beary burden of reponsibility. The
the Committee at first agreed that this understood that the British Government style which seeria poramon to all Yankee President of the Chinese Republie has been no exception to the general rule; few men in the whole world have had a more diffi-might be a disadvantage to some Britishy was endeavouring to get the Allies to unite manufacturers, but which, nevertheless The moting terminated with a vote of brings their products before one, but 1 cult and onerous role to fill, or have shewn shipping and banking interests but, of on this matter.
comtions from the old country." greater sagacity in dealing with difficul- late, freights have advanced enormously thanks to the Chairman on the motion would welcome far more warmly similar
and there has been more difficulty in
of Sir Walter Hiller.
Disorder has been suppressed, legislation
ties
man firms in China on the plea that a German is not an enemy if he lives outside German territory, Germans have gone o far in the past as to claim that their con cessions in China are German territory. but our law ignores their claim. arguments in favour of permitting trad: ing with alien enemies in China are mainly --
Germans,
The
on
As regards our Allies not co-operating,
China.
secure
ences.
I
TAILORS.
29, DES Vœux ROAD,
HONGKONG.
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130
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