1916-03-14 — Page 7

FRENCH FINANCE.

NATION'S STAYING POWER.

It is needless for the moment to rofer again in detail the French National Loun, which now takes its place in the History of French finance, except in role tion to the State finances and national economy of Franco at the present time. The Loan WBs floated when the nation, was en- gaged in making the greatest effort it has been, called upon to put forth since the unior of the Gallic tribes under Vercingo trix ngarust Casur.-

CENSORING THE ARMY MAIL.

SOME HUMOURS OF THE LETTERS HOME.

A Regimental Chaplain writes in a homa paper as follows:

THE HONGKONG DAILY PRESS, TUESDAY, MARCH 1474 1916.

CAPTURE OF THE "APPAM.”

GALLANT FIGHT OF THE

MACTAVISH."

CLAN

THRILLING STORY BY SIL E, MEREWETHER.

The raider was certainly not the but a vessel of about 3,500 tans and he had overy reason to believe originally was in the frust trade.

Pity the padre in the leaky postel wag:

Bir E. Merewether's story of the dp gon, knes doop in picture postcards, love letters, brief acknowledgments of parcels, pam's capture, as told to the American and stolid accounts of doings too epio for Press on landing, confirmed the statements the written word1 As postal censor we. parsons often relieve keen, combatant sub- of courteous treatment by the Germans, alterns who would otherwise be fretting and We were subjected," he said, "to no This important ficial operation

poring over the pencil serawl, which brought into action the first contingent of Tommy produces by the hundred thousand indignities, but, of course, we were search- real hut atent reserves-of French capital

Each letter is carefully read for incou-ed, and all arms, binoculars, and cameras and savings, for the unbroken stream of

Lions revelations, unreasonable grousing. taken away. subscriptions in Treasury bills and bonds

and matter ealculated to alarm or de absorb anly the overflow of earnings and older revening in excess of absolute fundies folks at bone if published. Our soldiers know whint ant to say. What is ate itlay. The fact that the longest terse

more. they know they are better looked for the expiration of Treasury bills is one yeng has undes this mode of leading to the after than soldiers ever were before. The man in be checked is the “lonely soldier ? State very popular, and it is a marked

who is after creature comforts and such succes for M. Ribot. In normal days the ready cash in hand thus confided to the is public kindness--succeeds in coaxing a State by several millions of investors at his perfectly monsteons mail from home-to bank, and entered in the books under the fury and disgust of the nostal sretion

current accounts, ** In the first French of our Royal Engineers, loan the people have lent to the State now money for a long period to the tune of £320,000,000 in genuine cash and Treasury bills, and has recepted the signature of the Bank of France for £50.000,000 of the nation's hoarded gold, patriotically offered during the last six months of 1915.

+

The undoubled success of this first war loan gives but a very incomplete notion of the now and active reserves of France's fortune which have not yet been called into the fighting line of national defence, Until the oloa of last year the huge ex- pouses of State during the first year and a quarter of warfare and civil service out- fay, which stood at about £1,050.000,009 (og £69.320,000 monthly) has been balanced by the following receipis: Treasury bills and bonds £497,080,000, advance, by the Bank of France £276.000,000, foreign loa 200,000,000, ordinary budget returns and unemployed credits £290,000,000,

BUPPORTING FRENCH CREDIT.

A NAVY AT WAR-

A CRIME GERMANY WAS NOT BAD

ENOUGH TO COMMIT.

Mr, Arthur Polen, in a lecture in Cam berwell on "The Navy War' said Germany had prepared for war as no country had ever done. She sprang a war on Europe when all Europe was unready, and saed her ends with a want of eeruple un- precedented in the history of crime; but she did not realise that invading Beigin meant fighting with Great Britain.

pur

SHIPPING IN PORT

CHENGTU, British str., 1320, J. Speed, 10th March-Bangkok 3rd March, Gen el-Butterfield & Swire.

CHEIAN MARU, Japanete str., 1,000. M. Oka 10th March-Kohsichang 3nd March, Hico and Mes1-Order, CHINHUA, British str.. 1.353, Sidford, **** 100 March-Philippines 7th March," ||

General.-Butterfield & @vire.. CHISHING, British str., 1,199, II, G. N. Walker, Muro Eth-Tientsin and Wei- hajwei March 18th; Genera); Jardipo- Matheson Co Diarix, Norwegian str., 697, Thorsen, Alorca Ath--Shigan February 2stli, Hicr.-Therezrá & Co..

Ozawa, sth March-Moji 2nd March, Coal-Mitsui Bussen Kaisha.. FEIGHING, Chinese str., 004. G. B. Baines,

11th March Swatow 10th March. General.-Chinese,

The whole of the British feet was drawa up at Baithood on July 18th, and a pin wing the norms of every ship was in

German hands on days before. It woul have been a dastardly crime to have for DAISICI MARU Japanese str..” 1,932, Takul, Sth Marchagan erd March pedoed a dozen Dreadnoughts in tide of prae; but surely not a greater crime than RiceMitsui Bussan Kaisho, the murder of thousands of innocent civi-DAIYA MARU, Japanese str.. 1,838, K "The way she managed to unich us was

bandan Belgium, Germany was either not artful in the extreme, Captain. Harrison

farseung eught, or wicket enough, to do himself bas told me he was completely foul this. As a consequence, partly through the Led by her tacties. When we picked her up sheer strength of the British Ficet, partly on the horizon she was hove to and flying through the fright caused by surprise, Cei the Red Ensign at her farepeak, a distress many rocked up her fleet on the first day. Though So we clip the lonely soldier. Fie, may

of the way in the Kiel Canal. be a good sort, and share the besty, but signat which meant she was out of control

Captain Harrison belleved she was a Briere had not been and may never be any extra stress thrown on our field post

a gaval bade, the British fleet had beeHAITAN, British str., 1,183. J. S. Thomsen,

March-Swntow from the beginning, and would reisain so office is very properly resented a head-tieli trump and changed his course to beur Then there is the top fluent down on her. The stern flag decoped in

till the end the decisive factor in giving quarters,

folds,

the Allies superior strength again the imorist- real naisance to the censer, land- hed (and how? -red!) with five "darlings. and ducks" in ger safely bnek into the right envelopes; together with neres of hornies, reaming shelly and V.C. deeds (eatine's unrewarded), which I know icek plac miles from the firing line!

|

ན་

lta manet," said the lecturer: that c raton why this superior

We discovered later that are sign so that it wou'd dreup. All way weighted, of us, who gave it a second's thought, teok 1, for granted that it was the Union Jack. As a matter of fact it was the German Im-strength has been grave.y misused, or dis- perial navy etisign

Footer, Chinose str. 250, B. Miyank

10th March-Bangkok Ist Murel, Giu oral-Order.

12th

9th March, General-Douglas Lapraik & Co. HONGKONG, French str. 39, A. Mai

guerite, 12th March-Haiphong. 10th March. General -A, RyMarty. 1ISINLEE Chinese str., 1,359. Mori, sth

March-Weibajwei 2nd March, Ge eral-Order.

WEATHER REPORT.

On the 13th at 10.58 m.-The depression over Indo-China has filled up. A strong anti- apclone has formed over N. Chins.

Strong monsoon may le expect d along the east coast of Chine, and moderate monsoon over the N. Chios See

Hongkong rainfall for the 24 homes szak) 10 cm to-day, 0:00 Inakes:

The fordosti Kör the 24 hours ending at mèon to-day in se follawa zime

DISPELIOS. Rongkong & Neighbourhood

FOBSDAY'

P. to N.E.wizde fresh cloudy.

...{N.E, gale..

Fornost Guannet

South Court of Oklus betweenƒ The -- maas

Hongkong aid Lamooks:

South courkef China between (The same

Hongkong and Heinam......41

CHINA COAST

Station.

No. 1.

METEOROLOGICAL

REGISTER.

13TH MARCH ̈AM. ·

Wind

Hepr.

Barometer

at Bee Level.

Temperature.

**Aumidity.

Direction.

JA HOI

6.29

4.30

199

H

39

ANNE

30.13

NNW

.:300!

i. 0.04

3th

30.46) 30

scrously nutud, Because its employ sent nas beca i ewiting hands Kr INDRAGHIRI, British str., 3.600, WinFladivostock...

Charters, Sth Morch-Manila 6th Neuro

Hakodate, August, 1914, Rutil May, 1915, Mr.

March, General-Butterfield & Swire. | Cluj card was the aed of ine Admiralty',

9th March-Manila th March. Gen Koshi and Lee wig i greater tribute to the RaniGEN, Dutch str., C. E. Plugge, Tolo daerup of mur sea than that the British

Nagraki eral-Java-China-Japan Lijn. The at- Navy bad survive that ordeal,

March-Saigon 6th March, Hifce and Obamacını em was the fisa, condenation of emateny

a 10 take the pardanelles by bombard-LAETES, harish str., 15. A. Jenkyns, 10th gorima

General.-Order.. inistration had been in finitely better since, but it had lacked deci in ae very suportas particular. Naval war way carried on either by

While there was harte or by siege. chance of bale, the Navy, wan in the hands of a layan at Whitehall.

had no had a chance."

Very sad are unfinished letters of the

MAGICAL TRANSFORMATION.” drad. Well. Chs, we are parading in a minate. Good-bye, and the dearest kiss. "When we came to within 100 yard, or To be continued to-morrow!" Alas, there the stranger and had stopped our engine, a sudden transformation in her appearance was no to-morrow! The pair will cen-

or this, I read again"Look up to clectrifed us all Forward and aft: her Heaven,' says he last Sundey.I said na railing, which coked qui e tod until that uch thing We did and bang care instant simple disappeared us if by may hombs from an Aviatik i Consider the

We learned later that whole sections fields,' says he,-and up went n'mirë under

of these solid-looking railings were actual our feet! There's victory in hear,' says ly composed of accordionlike strips of: 0:0), Of the £1,000,000,000, in round numbers.he-but all we could see of it was poison which dropped into a slot at the pressure of a button located on the bridge. At the already spent since the war began, only gas from a new shell! "

of Te the main, Tommy's letter is stolid

same instong the square structures se ha Irom £170,000,000 10

Hal and int have little £200,000,000 have left the courtry to pay enough, or gay, for purchases abroad, whereas the balance ift for self-expression, whereas French staken for once he's so cooped of son, £880,000,000 remains in France in soldiers tennslate their deep emotions into and exposed batteries of guns, I counted the form of bank notes, which are in large real prose. I've read their letters, two mounted forward, four mounted aft, national defence know. Yet our men's poverty in this way and one three-pounder on the peop-delt. converted into

The guns ranged between din, and gir. Treasury bils and ten-year bonds. These reveals their rent strength. You can im-

"Almost simultaneously with the magi.. securities form an excellently elastic in press or depress a lad who tells his mother:

en transformation one of their forward atrument of credit, for, in the first place. We need more ground to bury these tin

guns spoke sharply, and a skell shrieked they obviate any danger of the deprecin-hats!" tion of the French lank note, even if this Last winter to leave a trench was called over our bridge. It seemed that gun crews fiduciary currency should be considerably going ashore", and the waddle of frost for all the guns must have been seen crouch increased in volume. The reason is sell-bite drew Quack quack!" from the vicing inside the houses, for they were evident. Those who receive bank notes intim himself."Dear moliser," wrote the all at their stations and ready to begin payment can convert them, if not otherwise rustic private, Yesterday a she burst operations instantly the guns were required, into Rentes an the State or nad tor my trousers. I shal dror compsa minsked. We had a 3in, gan mounted aetern, Treasury hills and bouds guaranteed by the shu. I knew that "shel." You could but of course, it was not the slightest use. credit of France, and bearing nofinally hide a has in the crater of it! One mau The gunners were scattered all over the per cent, interest, but actually more, ex-

whs never seen again, even in bits. He ship at their various pots. We were whip cept three months Treasury hk, which

whose trousers were "tor" was blown upped and knew it. There was no way in return 4 per cent. These bls are almost

A tree where he hung dazed and mute,which we could cffer res stance, and it is as handy as bank notes, being readily nego tiable. All credit banks make considerable with his riffe swaying on a still higher absurd to say we did. Then the German branch For two days the ind could deitzer began to parcy with us through a mega

phone, cash advances upon them.

ear nor speak,

part

These men write gaily of their Hair breadth escapes. They re brief mount of daily life in the dog-femcl.” with its door from a ruined cottage, and Hotel actoss it in sprawling chalk. Cecil" "Have rend of my death, but am well,"

FRIES CREWĽAVOARD.

un-

frankly ramited

“Côplom Hürrion? that we had a number of Germans aboard prisoners being taken to England to be intoṛned there,

is a startling postcard. I pity the neomediately a new commotion arose on the so-called Hoews, and presently a tant-general's department, charged with

50f put off from her side with twenty- these quiler enalty-liste! family who'd been in black six weeks for one switors and Lieutenant Berg in her. ason when he wrote to them a "chirpy" | "After dins & priter crew came aboard. The letter from the prisoners' camp a Forgafest thing they diy was to free our German Loters from the dead are astonishingly pris ners, and the second thing, was to arm frivolous. I saw a xos sofe as the them with rides and revolvers and put end of one: "Do we have to give htok them ne guardis over us, the

insurance!"

At the beginning of the war, and during the first two autumn moths, capital was subscribed in Treasury notes and bonds to the figure of $20,000,000. M. Ribot had just assumed office as the great "argentie of France, that is, Finance Minister, and at once appealed to the nation for money in the form of his now famous issue of short credit for national defence. Dr. Helferich and his school of German financiers deri- sively term these bills ribotins." after the name of their author. But the con. fidence of M. bot in the resources and patriotism of his countrymen has been triumphantly vindicated after eighteen months of strenuous war and invaded ter ritory. Thus & your after tlie above sùm had been subscribed subscriptions grew I have control 1,600 letters in a day. during the same two corresponding months. Et is tedious work and anxicus, I once to the striking total of £54,480.000,

From the earliest issue of national passed a seemingly trivial focal at usion to defence "bonk" by M. Ribet, in Septem-a church servies, regularly held in a certain spot. A few days later the congregation ber, 1914, until November, 1915, the French were plastered with shich from Gore public absorbed Treasury vouchers to the value of £610,040,000, and at the present faries miles away f time about £487,680,000 worth of these

Wher

MAUSANG, British r., 1,463, G. H. Alcock, en

10th March-Sandakan Ath March. Wood and General-Jardine, Mathe son & Co,

Chefco

Welliniwalaan

Lchang

MORESBY, British str., 1.359. M. B. Wi

son, 11th March-Saigon 6th March. Kishang m

Rico.-Order.

3026) 4175 KNE

30.3% 43. AND

30 1924 E6 XNE

20.15 5694) Na

5 30.02 94 NNR b. 30 10 61 95 ENG

$300. 63

Takanashi, March 4th-Moj] February Gotaram the wortance of the siege becane vita!.WANSO MARU, Japanese str., 1,910, K.

2uth, Coal-Mitsu Bussan Kaisha

Sharp Pesk ́oss the coaduct of the siege remained in the

Amoy hands of a civilian department. From the

Takeda, 11th March Manila 9th Bestow beginning of the war until now the Navy NIKKO MARU, Japanese str., 3,076, R

Marab, General-Nippon Yusen Kai Taikoku, sha.

Taichu NINOPO, British str., 1,228. J. A. McCul-Taman

Toch, 11th March Saigon 6th March, Bosk

Rice-Butterfield & Swire. SHANTUNG, British str, 1,21, Meathrel, Canton asistemas 12th March Shanghai 9th March. Hongkong... General-Butterfield & Swire.

Gap Book STAW HEING, Chinese str., 767, G. Ramsay, may presen

land, 10th March-Dainy 4th Marca, W 7 uniqwou|.9] Beans-Order.

Mr. Pollen appealed for strength at the Admiralty, and said there would be no difficulty in giving Sir Henry Jackson fresh colleagues from the see, who could. be trusted to make the most of the Navy's power without inflicting any injustice on neutrals, or compromising Britain's rela tions with a country not now at war.

would have against a locomotive. The raider answered this feeble resistance with broadside after broadside.

"The result was that some of the crew of the Claw facturish were killed, and any have been wounded. There had been two explosions in the hold" before the Glan Macto with was silenced,

Then, when the Germans ceased firing, the prize began to founder and suddenly helet over Many members of the crew were saved Finally, the German discharge ed two torpedoss from tubes mounted on the forward dick. Both projectiles struck honse,

The Clan Moc avish heeled over, as if some gions had track her a sudden, blow, and it a very short time disappeared. The fight of the actavish was good for Britens to witness, the

Fakhri, ********** Texrana.

Cup St. Jainen Apari m Manila

Sogn MAR, Japanese str., 1,006, A. Kola- yashi, 10th Murch-Swatow. 9th March, General-Osaka Shosen Kaisha. SKIOBUSI MARU, Japanese sir, 1:739, C: Shirai, 12th Marob-Miike 6th March, Coal-Mitsui Bussan Kaisha.. Yow, British str., 1,220 E S Jon,

10th March Shanghai 7th Antel, Gon Legal TENDE eral-Butterfield & Swira Toronowa MARU, Fapanese ste, 4,010, March; General-Nippon, Yusen Kai- Shinobe, Th Manah. Shanghai 16h.

HOW TO GAIN WEIGHT

A POUND A DAY.

Hollo

B

29 93 6.5 84 65

8992 a0867K

24

NNE

א.

29.87 728) NI

2565 75 96

{69,36.77, 94]=e.

29B3.77 88

09.29.75, 46.

29.78 74 04

P

240

RADIO TELEURAMS

• Nikko Mara 6 m. 3001-62 Ent 2151. Lòng 17245.

Weath

Fores,

T. E. CLAXIE, Diesstor.

1- BanonerBag reduced to là: Degions Fukreskel V in the wmà có hôn mês in Indiana santas and

2 TEMPERATURų m. the shade, 'ka

Thin men and women who would like to increase their weight with 10 pounds of healthy stay there madredeha

fat should try eating a little Sergol with their meals for a while and note: results. Hore is a good test worth trying. First weigh Then yourself and measure yoursel

"The Germans lowered boats with all possible speed, int rowed to the spot where the British ship had gone down, in search the survivors. Four were at length brought to us, bady wounded, but full uf fight even su. We gave the lads a routake Sargel-two tablets with every meal It isn't a question of how ing cheer, as they were brought over the for two weeks. That weigh and mes- sido, and even our Gorman captors smiled sure again.

you look or feel or what year friends say and think. Tha acales and the tape unbegrudging approval.

most any thin man or woman can easily add from five to eight pounds in the first fourteen days by following this simple direction. And best of all, the new fesh stage pot

Then Liestcusa Berg, took Captain Harrison and dit the officers and carried them back to the cruiser. After a confer ence Testing some time these officers were adów to lets be the Appin, and then followed the transfer of all the cruiser's 3d no idee Germans could be so by chance they bumped into one, wa king that we were carrying a very large amount deck, they apologized profusely and with of gald bullion. The figure had been put every indication of sincerity. Whenever at £500,000. I understand, Personally, passenger and a German guard met on deck am inclined to doubt this According to it was the guard who gave way. This spirit my information, the Appam was carrying of decency, in my opinion, was largely ow-less than £200,000. The fact is however, ing to the fine example set by Lieutenant that, whatever bullion the Appam had is

not aboard the German cruiser, Borg himself. He was the embodiment of courtesy from Ass to last.

Treasury bits remain in extenfiation, of of censor, though it gives hát new inwight couchongs- us these. Germans proved to be. There was a tale abourd, the Appous measure. vill tell their own story, and

to

The sterge subaltern didirker the role I found the above figures, showing the national into the character of his men, subscription in short-terin réastry loans, that one officer when relieved at short notice had slipped a ter shiling P.O. into £268,760,000 have been reimbursed subscribers on becoming due up to last wistful of Irinting at mouth-organs November. Late in the autumn, therefore, and blank brokeness in the matter of 2321,320,000 in hrifs retained to erre funds. And that sub was none too flush lation, in addition to £146,350.000 in 86 himself. called ten-year Treasury bonds, add toge Tommy's news seem tilvist enough so the Will close now, Whittle ther brought up Treasury loans absorbed outsider. by the nation's savings towards the close blowing us to Business. What tall I bring of last year to the figure I have given you from Berlin" How he'd go hung- abase. Each month from the first one up on the " ng rack" (barbed wire), in e

in a ruined farm, with

CLAIN HAUTAVISH UNDER FIRE,

HEADING FÜR AMERICA,

of Treasury bills and until the flotation of night attack. The finding of a stay opportunity of seeing the Germans is Berg changed the course and sped off. It this nourishment now passes from your

chops for lunch

the recent Loan of Victory," monthly subscription in Treasury bills and bone that morning" And here's letter, Erow steadily in number and value, 1 months old, but with to-day's postscript the last four months of 1014 the average thanking Find ladies for cigarettes and monthly subscription in Tremur bill saying the Wilter had meanwhile stepped along reached £168,960.000 without ineluda lump of iron with his head,” and so had ing redemptions. This average rose u terruptedly month by month until money flawed into the Exchequer as the rate of £88,240,000 worthle unta) the issus of the Erst French way loan in Five per cent. Rentes.

· REVENUS AND EXPENDITURE,

anotion

arbets. audity of

degree

•

S HUNKIES, in perouange of monzalkon,

QË ME MIZERNG with moisture being tim), Demoreson on WANIA, del two paint

• NOMOR ON LUDIED, socording to Bekutora Bonis. L'BEEZE ON. Waarusu, b blue sky,

gloomy, hal, Į sloed, d dringking shy, & fogy lighting, orecast, praming shower, 4 MISAL I VAČE, KADOW, A thunder, v viability, w dow (wa

7 BAI la traben, i hakka api hundration.

HONGKONG

METEOROLOGIOLX.

REGISTER

Hongkong Obervatory, March 12th,

Sargol does not of itself make fat, but mixing with your food, it turns the fats, sugars and starches of what you have eaten, into rich, ripe fat P On three different occasions in tnonrishment for the tissues and "The crtby remained alongside us for daylight we sighted ships, but always hull Prepares it in an easily eximilated two days, During this time we had an

down on the horizon, and always Lieutezent which the blood can readily accept. All body as waste, But Sargol stops the etion. She was about three miles away was a trying time for everybody naturally, waste and does it quickly and makes the when we picked up the Clan MacTavish,but we made the best of it, and there & fat producing contents of the very same no gainsaying the fact that our cuptors meals you are eating now develop pounds full down on the horizon. While we hold to it course the cruiser changed her's and did everything within their power to make and pounds of healthy flesh between your Wind Partenón

our enforced captivity a little irksome skin and bones, Sargol is safe, pleasant, made straight, for the British ship.

*To all sppearances the éruiser was possible We had nightly concerts and, efficient and inexpensive. quite the motive lumbering freighter we during the day, were free to indulge in had mistaken her to be but some sharp all the usuaj deck games. eyed sailorman aboard the Clan MacTavish must have read her ren identity aright, for suddenly without any warning, a thres inch gun which the Scotch ship carried bokched forth, and a shell went screaming werom the water, and buried itself barely Both, abeft the cruiser. It was a pitiful little gun, intended as a protection against

heen haid aside. The doings of the tranch cat (a village wrify the magic of us-censor ed mail, like the active service postcard and the little green envelope which frätiks its confedts right through unchallenged. I've known a green to fetch a Weis at These statistics prove that the capital Many men tell of new hobbies in éistr which the public car led to the State letters-trench carpentry and the making increases progressively, and dust proof photo-frames out of army bastite We portionately with the growing expenditore are learning German," wrote the Cockney of the Government within the territorial corporal, So when we bear hock, bock F-1 nuimarines. liuits of France. Of course, the French we know the Huns are looking for more

Loan of Victory" swallowed up for the trouble 1 tima ente para of the available fund, ei

mos

A. B. Warton & Co., LTD, VICTORIA DISPENSLEY, THE PHARMACT,

QUzan's ElimPKISAUT, TUR. EDWARD Dispensasy,

"We knew in a general way we were heading for the North American com.inent. but, when we awoke and saw the land had no idea what it might bo. There no question in my mind that Lieutenant and other leading Chemists in Hongkong Berg acted under instructions in bringing the Apikn to America, iniiced of taking her to a Portuguese port which would

have been much zeszer,

“Then the railings, and deckhouses fell The Germans wish to establish their away, and the Germop Jet to a broadside | Fights under the treaty of 1785 to bring full at the Clan MacTavish. It was a fine prize ship into an American port and capitalists big and littlo, but the rotatery and of July bext. At about that date the fight, if ane-sided, for Bij of half-an-hour. keep her there, willout "brugsting "wer: mavenient of capital daily circulating through the administrative and commercin French nation wil he called upon for We well knew the British ship had no character as a prize. If this can be estab arteries of the nation to defray the hugs another loan, which there is reason to be chance, but we could not help admiring her lished in the case of the Appam it will un putlay for military purposes and the lieve will meet with the same success it's pluck as she continued to hark away with doubtedly have an important effect on the sustenance of the people will soon renew the last Certainly the State will continue

Ler on little gun long after the Germen behaviour of this raiding eru ser, and any the working capital of the busy population to fall ever more deeply into debt and the

blockade. Instead of sinking merchant and the dividends of the rentiers when end of the war, but the great liquidation shells had bot her afre in half-a-dozen others that Germany may get through the

places:

men thy will send them into Amber can bo'h will bring the surplus they do not and nations! settlement of secounty when

ports inmediately need for other purposes to the posse returas will surely present less Tressory.

difficulties than many appreken. In the

The German gims, already trained on The Government has estimated the outlay first place, the much larger number of the the British boat, swept its deck with a of the State for the first quarter of this year State's creditors are Freach citizens. at about £100,000,000 a month. If the new Moreover, a nimber of high-grade foreign volicy of shot that filed several men and genuine oish obtained by the "Lona of securities are held in France, and have injured half-a-dozen more, and tore into Victory be calculated over and above not been sold to stiffen the rate of French the rigging. The two boats were at such criptions in Exchequer bills and bonds, exchange and these foreign curities can close range that the execution was terrific as well as the normal Badget revenue debe changed with profit after Instilling fur Even then the British captain refused to cording to estimates, the grand total thus Fronci ftentes. Another reason is the cor- sdmit defeat. Again and again his little ecured will enable the Government to tainty of the altimate success of the Allies three incher was fired at the stranger balance accounts satisfactorily until the in war-Daily Telegraph,

with about as much effect as a toy pistol

A PLUCKY FIGET.......:

the

Their second reason was he groat adyan. tage of proving to the United States their genuine change of heart as regards

frightfulness." To have taken Appam to Perugal would not have im- pressed the United States nearly so march as to bring her hero, and, with the Lusitania controversy acute again, what could be more timely than this exposition of the new human Germany 1-Daily Teleg aph.

175-10

FORTHCOMING EVENTS.

Saturday, 5th March —

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Edy

29,93

61

30.05

30.000.

91

Ent

4

of

Mikichinas, ngan dan Tanzpamines in 1âh - €£ Lawssi opas au Tamperseure on 12th

59

HONGKONG TIDE TABLE.

11.30am-Hongkong Rope Mannfastanag

Co., Ltd Meeting of Shareholders. 11.45 km-Hongkong Ropa Vanufacturing 06, Ltd., Extradedinary General Meeting. 430 p.m.Hong Kong Club, Thirtieth Yearly To

General Meeting. Monday, 27th March

Tuesday, 20th March -

From 14h to 20th March, 1916,

BIN WALKE

Wed. 15 m

11.30am Hongkong Ica Co., Ltd., Mooting Than

of Bhareholders,

Noon-Hongkong Fire Insurance Co., Ltd, Fri

Meeting of Shareholders.

Batu 11.30am China Sugar Refining Co., Tald Wednesday, 9h March.

Meeting of Shareholders. Friday, 31st March →→→

11.30 am. Luson Sugar Refining Co, Ltd.,

bleeting of Bhareholders.

#rong.

Tims

Height

LOW WAZIN.

Meas

Time

No Inder, high-m: 0.44

F9 ner low. „wats

16 m 8 (84 4 m 115

7 14: 8046 26 13

17

7

138 53 49 m 9641*

8 30 % 6 0 1 2 93 17.

19 m 9:10 58m

9 16 x 6 BL

$ 57 6 6 13418