1916-08-01 — Page 7

FINANCE AND WAR,

BRITISH STAYING. POWER.

LORD BEVELSTOKE'S VIEWS.

Boril velstoke. whs is a party, in the banking bris of Baring Brotliers and 'n direkte of the Bank of England, has discussed with the London representative of the Crated Press of America the finau- ciul sand mersint position us it appear. ed to a bank and merchant without official status. He said :--

What may have been the case in Berlin, Euzlish, bankers at least had no foreknowledge of the calamity that was But to strike Europe, in August, 1914. after near two years of a war waged in a manner far more rxhausting than any as had anticipated, one can say that the edice of credit in London stands firm, and that the delicate banking machinery works smoothly. For this the world has chiefly to thank the courageous policy adopted by the Cabinet and the Treasury Department during the first Landen's credit is not like Berlin's; -it is being tested every day by the stand

ards of other countries overseas, und if

months of the war.

AIRMAN'S MISTAKE.

GERMANS GET OUR NEWEST

AEROPLANE.

The story of a blunder which made the Germans present.of brand-new aero- plane of our latest and best type was revealed in the House of Lords on June 27th.

ZAE HONGKONG DAILY PRESS. TUESDAY, AUGUST 1×T, 1910.

WITH THE ITALIANS.

THE SPIRIT OF CÆSAR'S LEGIONS.

A TIGER SPRING AT. TRIESTE,

[BY A. CONAN DOYLE]

is a serious one, and I hope the House The incident," said Lord Montagu,

Making every possible allowance for will receive an assurance that steps will one's hosts, 1 come away from the Italian one's personal "feelings of obligation to be taken as far as possible to prevent any frout with a deep feeling of admiration such incident, cecurring again. On the morning of May 31st an aeroplane, fitted and a conviction that no amoy in the with an engine of 250-h.p. left Farm-world could have made a braver attempt borough Aerodrome for Franes. It flew to advance under conditions of extra- across the Channel, passed over our lines ordinary difficulty. and the German lines, and descended

First a word as to the Italian soldier, unhurt with its pilot and observer in the He is a type by himself, with a ver

There is special dash and fire, covered over by a' German aerodrone at Lille. a possibility of a mistake being made in distinguishing between St. Omer and London has not yet furgotten Dorando, very pleasing and unassuming manner. Lille, for pilals are very often guided by of Marathon fame. He was just suck av two cauals which are to a certain extent similar, but in this case there is no ques-other easy smiling youth as I now see timu of a mistake, in the two canals everywhere around me. A thousand such, ehuse, I am sorry to tell your lordships, led by a few young gentlemen of the the pilot who flew this machine had never type who occasionally give us object les flown to France before and had no know sons in how to ride at Olympia, mauke ledge whatever of the geography of no mean battalion. It has been a war of France

most desperata ventures, but never once That is what makes it a very serious has there been a lack of volunteers. incident. The plot's name is Lieutenant Cesar told how the big Germans used to Littlewood, originally of the North Lin laugh at his little men antil they had colnshire Regiment, and the observer was been at handgrips with them. The Aus Lieutenant Grant, who was gazelled is trians could tell the same tale. The spirit a dying officer in the R.F.nine days in the ranks is something marvellous. alter he was in the hands of the enemy, There have been occasions when every Proceeding, Lord. Montagu read the officer has fallen and yet the men havo

then waited for official directions.

DISLOYAL IRISH PRIESTS.

·GENERAL MAXWELL'S LETTERS.

SHIPPING IN PORT

STEAMERS.

VISITORS AT HOTELS.

HONGKONG HOTEL

BUZEN MARU, Japanese str., 1,821, 8. TO BISHOP O’DWYER.

Matsumoto, 23rd July--Wakamatsu | Mr A., Andersen - 17th July, Coal-Mitsui Bussan Kai- | Dx T. C..Andrew Letters which have passed between sha.

Mr Inang Asi General Sir John Maxwell, Commander- CHANGCHOW, British str., 1,208, Robinson, Mr B. L. Atkinson in-Chief in Ireland, and Dr. O'Dwyer, I 28th July-Bangkok 21st July, Rice and H. Marray Ban Roman Catholic Bishop of Limerick, have

Timber-Butterfield & Swira.

Mr J. H. BAPIDE been passed for publication. The General DAINICHI MARK, Japanese str., 2,264, Mr. E R. Balilion wrole on the May, drawing, Dr. Fukui, 20th July-Maji 23rd July, Mr R. A. Be ilios

volunteer movement, as being a danger O'Dwyer's to

Coal Mitsui Bussan Kaisha. to the action of two

Mr Ft D. J. B-L

to the realm, and observing that it lay-HONGSUNG, French, str. 739, A. Mar- Mrs G. H. Bondey and of his priests in supporting the Irish AICHINO, British str., 1,267, WC. Passar H. Brenfeldt more, 29th July-Foochow 28th July, Mr H. Bickerton General-Douglas Lapraik & Co Mr J J. Bleeker

men they would be placed under arrest, His lordship was asked to obviate that necessity by giving them such employ ment as would prevent them having inter- course with the people,

for specific charges, and these were given. In reply the Bishop's secretary wrote

spoken in church against Conscription, On clergyman was reported as having. attended a lecture by P. H. Pearce, blessed the colours of the Irish Volun was aid to be active with one Blyth in teers, and so on. The other clergyman organising Irish Volunteers and having leaflets printed appealing to young men of the Gaelic Athletic Association to join the Irish Volunteers, and of being a president of branches and attending a meeting where Mr. John MacDermott delivered seditious speecles.

erite, 29th July--Haiphong 27th INDO MARU, Japanese str. 3,084,

General.A R. Marty.

Tashiro, 28th July-Moji 23rd July, General-Osaka Shosen Kaisha.

child

Capt B Baroh Mr & Mr H Bridges Mr. D. Bach-nan

Mr

B. Campteli

Iro Maut, Japanese str., 3,091, K. Chels KALGAN, British str., 1,139, H. E, Laver, Mr. Cuck

Soyeda, 20th July--London 3rd July

N. Obeols General. Nippon Yusen Kaishn Mr H. R Conan 20th July--Shanghai 25th July, Gen Mr G. L. Courtney KINKORAN MARD, Japanese str., 2013, Mr David

eral. Butterfield & Swire.

a J. W. Crustuey

Koigumi, 20th July-Miike 14th

W. E.

H. Douglas July, Coal-Mitsui Bussan Kaisha.

Capt J. 1 KENKON MARU, Japanese str., 2,169,

Mr. J. Dewar Kaneko, 16th July Tsingtau 8th Mr A. W. Eastman July, Coal-Mitsui Bussan Kaisha.

Mr L. C. M. Ender- KIUKI MARU, Japanese ser., 098, Massey Mr P.J. Falcoz.ex

bug 5th July-Karatsu th June, Case Mer C. File on Oil-Order.

Me & ra J. Fisker KWANGTAH, Chinese str.. 1,858,

Stewart, 22nd July-Shanghai 19th Mre C. W. Gardner drs B. W. GardLDEZ KWEILIN, British str., 1,073, F. Mert dbourn

July, General-Order

J.

Gibb Jaly, General-Order. Garity, 20th July-Newchwang 24th Mr A. G. ordon

Mr H. £. Gravel

S.M.S. Gubbay

0.

4ained its present position owing largely following extracts from a letter from one pushed on, have taken a position, and priests who hold strong national views. LAMAO, American str., 375, Maitland, 25th Mea re P. J. Gray

it were found wanting the world would quickly know it. London is the centre of the sensitive artwork of nerves which constitute the foreign exchanges. Banks and merchants all over the world have eriklits in London on which they may drav at any moment. London has at- to the volume of foreign trade to and from the shores of England: War tends to cripple exports because it turns pro ductive workers into soldiers, imports in turn have to be restricted as far as possible to the necessaries of war. Thus London stands specially lose by a re dution in the volume of world trage, because this reduction makes the pro- uses of world finance harder to carry through. But despite these disadvant ages London remains the world's fiann- ein! clearing house. How has this been done?

The key to the position has been the

Ex

who was at the aerodrome at Farn horough at the timo the start to France

was made

was sent.

PILOT'S PROTEST.

overseas and was not sure of the way.

WHAT ITALY HAS DONE.

The War Office sent down and asked not made more impression upon the But if that is so why is it that they have for two FE pilots, the machines being enemy's position? The answer lies in the FE. in which the engines were placed strategical position of Italy. The Alps to y them over seas. Owing to an error from such a bar across the north that understood that the pilots were to r in the delivery of the message it was there are only two points where serious ordinary F.. machines, with the result.perations are possible. One is the Tren that in one case an inexperienced pilot no salient, where Austria can always 1.saw the pilot, who com invade the plain, but the Italiana cannot plained that he was not an experienced seriously invade the mountains, since FE pilot, also that he had never been the passes would only lead to other moun

taiau beyond. Therefore their only pos- The authorities, who heard all this,sible policy is to hold the Austrians back: ihok no notice of his complaints and told. There remains the other front, the open- him to take the machine. Later & reporting by the sea. Here the Italians elcared came through that F.E. had crossed the the plau, crossed the river; now they lines at Armentieres and disappeared in are faced by barbed wire, machine guns, the direction of Lille. That evening cemented trenches, and every other device German wireless communiqué stated that which has held them as it has held every the F.. had landed intact south-west- one else. But remember what they hare Lilk, the pilot ahving lost his way. In done for the common cause. They have the sarcastic terms of the communiqué, said Lord Montagu, the Germans said the year occupied some 40 Austring divi- sions. They have killed or wounded a machine would be most useful. Thus it quarter of a million, taken 40,000, and will be seen that within three hours of drawn to themselves a large portion of it having been taken out of the factory

the artillery. That is their record up to date. As to the future, if Austria has to draw her men to the East there will be a tiger spring for Trieste. If man hood can break the line, then I believe the Dorandos will do it.

mintenance "of an export trade. ports have been possible, to an exteat; beyond expectation, partly owing to the sound financial policy of the Government and partly to the use of the great reser- voir of labour previously untouched ture women and men who did unwork Before having taken the places of those who have gone to the trenches. But, chiefly, the successful maintenance of ex- porta in due to the British Navy, Notably it is the Navy which has made it possible for the Allies to obtain from Aferica free shipments of food and

unitions; and although the ordered over intact to the Huns. placed in Aruerica have had the effect of creating a trade balance adverse to the Allied countries measures have been taken to arrest and control the fall in the American exchange

our newest and latest machine was hand.

questions to the Government:

Concluding, Lord Montagu put three

Who was responsible for sending this pilot, win was obviously an inexperi fenced man, with one of our most valu- "I refer, of course," said Lord Re-able and latest machines? velstoke, to the 'mobilization' of securi- ties and to the restrictions un certain imenced in the geography of the western Is it a fact that other pilots inexperi- ports. · In these matters the Chancellor front have been sent on similar missions of the Exchequer has found the businesA Comunity a ready coadjutor, and if the ensure that such serious mistakes will not Will the Government take steps to necessity for more energetic measures take place in the future?· for the protection of our trade balance Arise us time goes on there is little dubt that a substantial and hitherto untouched reserve could be made available by a stricter regulation of our imports and a greater economy in their distribution

ADVANCES TO THE ALLIEB,

to the ultimate result.'

-LORD-CURZON B-EXCESE -*-

And they are excellently led. Cadorna is an old Roman, a man cast in the big tastes, clear in his aims, with no thought simple mould of antiquity, frugal in his

Stall, struck me as a man of great clear outside his duty. Every one loves and trusta hins. Porro, the Chief of the ness of vision, middlesized, straight as a dark, with an pagle face grained and coloured like an old walnut,

AT THE ISONZO FRONT.

To this letter the Bishop replied on the 17th May, closing the correspondence. He stated: I have read carefully your allegations against the two clergyinen, but I do not see ary, justification for dis ciplinary action. They are both excellent but I do not know that they have violated and law, eivil or ecclesiastical. In your letter you applied to me to help you in

the kind is not outside my province, the the furtherance of your work, as military dictator of Ireland. Even if action of

it impossible for me to have any part in events of the past few weeks would make proceedings which I regard as wantonly

Cruel

BREAD OM DEATH.”

WOMEN AND CHILDREN CHARGED BY UHLANS.

red letters on black flag carried in a Bread or death" was inscribed in

very long procession of women and child- ren at Ghent last month, says a Tele graaf message from the Belgian frontier. This demonstration was a protest against the hunger prevailing there. The de- monstration began at Muide, when the women and children from this populous quarter and from the docks entered the city. The procession rapidly increased in proportions. It included no men in order not to give the Germans any op portunity for fring on the pretext that it was political. The great crowd, which behaved worthily, halted before the Town Hall. Chians quartered in

In Kaiser Lancers Barracks

Street charged the women and children, who

to fly before the cavalry. screamed and shouted and were ridden down. The demonstrators were obliged.

Demonstrations have also occurred at was being distributed, and German sol the cellars of the Town Hall when butter diers have also distributed blows. The Germans have taken strong measures, forbidding five or more persons to assem ble. Everyone has to be indoors by 91 o'clock at night unless possessing a special licence. Patrolling goes on con- stantly. Many soldiers are quartered in the various barracks and other large public buildings and private houses. Although many wounded from Ypres

des Fêtes are full of wounded from have been taken to Germany, the large Flanders Hotel and the gigantic Palais testifying to the severity of the fighting there.

THE “DEUTSCHLAND ” LINE

AMERICAN-GERMAN SUBMARINE

TRADE:

on the German submarine Deutschland, With regard to a consignment of dyes

July-Hongay 21st July, Coal. Order. LOEBANG, British str., 969, D. W. Ritchie, & Mrs W. A.

Mr G. Hamel

NIPPON MAZU, Japanese str., 3,000, H. Mr T. J. Hauwert

28th July-Hoihow 25th July, Gen

Hanniba eral-Jardine, Matheson & Co. Mr G. Harper Nagano, 28th July-San Francisco Mr. W. Ball 28th June, General Toyo Kison Mr A.P. Hill Kaisha.

Mr W. B. Hind

NOVARA, British str., 4,260,. H. R. Hether- ington, R.NR., 16th Bombay st July, General.-P. & O. 8.N. Co. FROMETHEUS, Norwegian str., 1,927, Jensen,

20th

July-Bangkok 21st July, Rice-

3,050, L.

Chinese.

POLYNESIEN, French

str..

Maurete, 16th July-isiphong 14th July, General Order. SATSUBO MARU, Japanese str., 1,299, T. Fumoto, 7th July--Dairen 20th July, Cosl.--Mitsui Bussan Kaisha. SORRU MARU, Japanesa str., 1,006, A. Kuba yashi, 28th Jaly-Swetow 27th July,

General-Osaka Shosen Kaisla.

TAIKOSAN MARU, Japanese str., 1,094, Suchiro, 20th July Calcutta 5th July-Order..

Mr.W, J. Hcdpė. Mr A Shelton Ecoper

Mr N. Ichioka Mr&Mrs C, D,Jackson Mr. K. M. armad Cart E. Jon Mr. M.

Готоры

Kr 0.6. Koach Dr A. T. Kodarer' Mine 28/C, Lazoister My A*? C. Lauritsen - Mr S. Longfield

Mr W. T. Lo

Dr. Marriott Mr D. Malor Mr

McMur ay My B, K, Mehta Mr J. Merecht M. J. H. Moore

זי

A. Pan

Mr J. R. Polock Mr M. L. Pesyati Mr H. Kay

mi R. Rouse Mr B. Being Mi

W. Sco1t Mr Jas, Scotson Mr J. H. Scot Mr & Mr J. B. Shaw Mr & Mra T Sima OnS

Mrs M. Since Mr. D. W. Smart- Mr A. B. Sorebien

Mr J. W. Stockhouse Mr H. F, Stoneham Dura G. V. Stabbings sed daughter Mr H. H.

Taylor Mr J. Taylor Mr L. Brew faylor Mr E. M. Toser Mr.A. L. Todd

MIS

Wiggin

Mr P. W. A. Wilkie MrS P. J. Williamson Mr R. O. Winstedt Mr N. Wongst Mr G. G. Wood

KING EDWARD HOTEL.

Mr T. Leoman

Mr E. NeTaviah

IA

Mrs Rukser Almond Mr & Mrs Baker Mr Bannermost Mr. D. Muchall Mr & Mrs T. 8. Chang Mr E. C. Norri

Mr Paarmers MCS. Ony Mr C. Fritz

Er C. E Richardson MrJ. Sim Mr F. M. Sowere MEM. Sleigh Mr J. Stalker

Mr T van de Graaff Mr & Mrs T. Goun Mr T. N. Gregon Mr & Mrs Hemnes and

children

My F. H. Howard Mrm, Jackson Mr J. Joraph Mr A. Lambdan

REAL FLESH BUILDER FOUND AT Miss E. Lambden

LAST. NEW HOME BEMEDY

WORKS WONDERS IN MAKING

THIN UNDEVELOPED MEN

AND WOMEN PLUMP AND

"ATTRACTIVE.

HOW TO GAIN 15 TO 40 LBS.

Stop being a human beanpole. Chase away that long, lean, hungry look that makes folks think you're sick or that you're not getting three square meals a day.

Mr G. E Soft Mr. Blakey Mr H. Thornton Mr Van Vliet Er P. H. Wechel Mr H. Wypalan

PRAK HOTEL.

Mr. D. Campb11 Mr & Mr H F

C-rmichuel

Mr & Mrs Neil Mae-

Intyre

BET, & Man Caren Mr & Mrs Meurer Mr F. W. Cary Mr & Mr C. D.

Camlli

Mr. Mr. P. B. Cabey Col. R. E. Darting Mr W. J. Deste. Coměr, á Mis Fenkes * & *'ra D. Forndra Mr W. H. F.d Mr. Diness Fuller Mr G Gandict

EG dint Rev. & Me Gllmen dr... H. G. ft

Mr L. Gull

Mr & Mrs B. A.Hale Mr M. A Haslund

Mr & Mrs E Howard

Mr Len Jones.....

Mr & Mrs V. Meiner

and obild. Lt. Col. & Mrs R. H.

Morgen

Mr J. C. Nasr Mira F. G Patterson Mr VL Perkins.

& Hire E. Ralphs Mrs Rison Mas E Res Mini L. Bearlett Mr & Mrs F. da Silva Mr C. Skott Mr. S sple Smith Mr& Met Smith

Smith

Mr & Mra Vivian

Findley Faith

Maj. General Ventris Mr. Wattie

*&M «A, Læmt alet "Mr & Mrs David Wood Mr F. Mailapsoy

HONGKONG

METEOROLOGICAL

REGISTER.

Bpagkong Observatory July 31st.

Lord Curzon, in reply complained that no notice of these questions had been given, and said ford Montagu, who had naked for information concerning the incident, seemed already to be very well My first experience of the Italian line informed. He really does know more was at the portion which I have called the Turning the future, and Britain's about it than I do," protested Lord gap by the sea, otherwise the Isonzo lay

Curzon capacity for shouldering the inaneinted England on June 1st and was not as the Thames at Hampton Court. In a It is true that the aeroplane in front of me, a clear blue river as broad Burden of the war, Lord Revelstoke spoke heard of again.

No of June 2nd stated that a British biplanezia, the town which the Italians are en in a manner quietly confident.

The German wireless bollow to my left were the roofs of Gori- serious business man,

he said "will be had landed near Lille, but no date was deravouring to take. inclined to underrate the nature of an mentioned. We know now, however, that ridge, the Cars), extends south of the A long desolate effort which costs the country £5,000,000 it was the missing machine and that the row, and stretches down nearly to the a day. But the cuantry is proving that pilot and his observer, from whom corn ges. The crest is held by the Austrians it can cope with such an expenditure, † munications have been received. Bo long as our military authorities re- prisoners in the hands of the Germans.and the Italian trenches have been push- quire money to carry on we shall shrink The pilot, after crossing the Channel,ed within 60 yards of them. from no sacrifice in order to provide it. appears to have lost his way and landed The story of trench attack and defenéc The Government will find that the civilian in the German lines.

is no doubt very similar in all quarters, Such incidents have happened before but close touch should be kept between community is just as fully and as firmly resolved on victory as the Armies which and will happen again, but they are not the Allies on the matter of new inven- are fighting our battles in the fold, and confined to one side or the other, having tons. At present there seems to be a il might add entertains as little doubt as happened to the Germans just in the very imperfect sympathy. When I was same way as to our own pilots." He

Give the merry laugh to the would-be The question naturally arises whether believed it to be true, as stated, that the on the British lines they were dealing the Mainichi states, it seems that this witty friend who asks you what makes this confidence should be modified in pilot had not flown noross the Channel with a new method of clearing barbed

According to a

better see a doctor. New view of the large advances which Great before, but he doubted if it would be wise wre. But on the Italian froat I found Guven made at the request of the U.S. you look so peaked and tells you you'd to lay down a hard-and-fast rule that no that the same systera had been tested for York telegram received yesterday (14th Britain is making to the other members ingchine should be taken across the Chau- many months. In the use of bullet-proof instant), the American Government nego pounds of good, firm, healthy permanent Twiste

Begin to-day to put from 15 to 40 sromiter uf this Alliance. The answer is that these el, even by a competent flyer, unless he jackets the Italians are also ahead of us. tiated for the importation of German advances are included in Great Britain's had had experience of the rate, Ex-At present the Italians have, as I under-dyes through the German Ambassador at

stay there flesh and tissue on those Bumidity war bill, and fully allowed for therein. perienced pilots would be doing better stand, no military representatives with Washington. At first Count Bernstorf niest man or woman can quickly fill Wasth's

spare bones of yours,

Wind Direction For we say that the skinniest, sorawi The question of the advances to Allies 18, service at the front.

our armies, while they receive & British refused to entertain the proposal, but, ant" become plump yes, with actual to Lord Revelstoke, one of politics,

probably. Lord Montagu:

on that particular morn very wrong. inclined to weigh overnicely the respec-ing, both very competent, and nobody has

Government in view of the serious diffi Live value of the services rendered by explained why this inexperienced man

new, simple, harmless home treatment culties in which American manufacturers that can't possibly hurt yon, that imposes und themselves owing to the dearth of zo hardships, no disagreeable diets, no different nations to the common cause, was chosen to fy the very latest machine

dyestuffs, eventually agreed to supply foolish “rub ons," that can be taken All that is needed is confidence that all we had. I think it is a very serious

15,000 tons on ate doing their best, sad about that no incident indeed, and that it should be

exports whatever be made to Britain or knowledge of anyone. SARGOL tablets do condition that no re- privately in your own home without the doubt can be felt by those who know the taken serious notice of.

any other of Germany's enemies. It was the work, your chemist keeps them in. fants. The statesmen of the Allied na

also rumoured that the United States stock. tions are working together. They allot.

would obtain from the British Govern- one task to this nation and another to that. Part, but only part, of the British

mont a guarantee of safety for the ship ment of these imports. share is to finance. the Allies; over $400,000,000 was advanced to the Allies. and Dominions during the last financial year, and the amount is not likely to de- craze. It is a serious amount, but the bill is met cheerfully,

Government.

..

rather than of business. The City is not pilots available There were two other general with a small staff. This seems considering the request of the American healthy fat, în sixty days and all by n

Lord Revelstoke was asked how London

THE WORLD'S FINANCIAL CENTRE.

~ SEELLED BY THE "AUSTZIANS.

It seams, how-

over, that the American Government has not approached Great Britain on this matter, from the fact that the arrival of the Deutschland in Baltimore has startled the Allies According to rumours on the for the importation of German goods are American market, American negotiations. not confined to the present consignment various other commodites. · Imports of these goods will arrive on the American markets sooner or later, and it is said that the present arrival of dyes is al- ready seriously affecting the market for German goods in the United States.

views the growing financial power of the National City Bank, in a recent speevery cars, merging into a second sound of dyes, but are being made in regard to

United States. It has been suggested that there is some jealousy in the City of this. new arrival in the sphere of inter mational finance. To this Lord Revelstoke, speaking with obvious sincerity, was eble to give an emphatic denial. Never had the friendship between bankers America and England been more cordial. The United States have gained greatly- in financial strength since 1914. But London need not, and does not, grudge: that success.

in

The association of American capital with British experience and technical | Enowledge of European and Eastern con- ditions is one from which both parties will derive benefit. It is to the co-opera- tion of these two factors, to the joint endeavours of the United States and of

Great Britain. that the financial world will look when the reign of force is over. and the hour for reconstruction arrives.

I was anxious to visit Monfalcone, the small dockyard captures from the Aus trians on the Adriatic. The only road to it ran close to the Austrian position at the village of Ronchi and afterwards kept parallel to it for some miles. As we approached Ronchi we could see shrapnel breaking over the road in front of us but we had not realized that it was So much has been said of late about precisely for vehicles that the Austrian the effect of the war on the financial posi- were waiting and that they had the range ton of New York, that an opinion ex-marked out to a yard We went down pressed by one of New York's leading the road all out at a steady 50 miles an business men is of special interest. John L. Garden, Vice-President of the as f the whole four tires had gone simal Mr. hour. At the moment there was a noise

said:

taneously, a most terrific bang in our This country is not going to sup- like a reverberating blow upon an enor plaat England as the financial centre nous gong. As I glanced up I saw of the world. Our opportunities will three clouds immediately above my head, be enlarged and our responsibilities two of them white and the other of a proportionately increased; our

na rusty red. It was our pace that saved tionel horizon will be broadened and us. The motor was an open one, and the our financial activities will become in three shells burat about ten metres above ternational in their scope. But Lon don has been the Money Market of the our heads. They threw forward, how- world for centuries, and the pound ever, and we travelling at so great a sterling has been the common denominace, shot from under. Before they ator of values during the period of could get in another we had swung round modern bistory. We must not deceive the curve and under the lee of a house, ourselves with the idon that the dollar We found an ambulance lorry and a is henceforth to be the medium of in- little group of infantry huddled under ternational exchange. London, when the same shelter with the expression of the war is over, will continue to be people who had been caught in the rain. the world's market, and in it will be The road-beyond was under heavy fire fixed prices of commodities England as well as that by which we had come has been the carrier nation of the Had the Ostro-Bosches dropped a high world, and when the war is over she

(Continued on nez! Column:)

will continue to be sa,"

explosive upon us they would have had a good mixed bag. Het apparently they were only out for fancy shooting and dis- lull and the lorry moved on, but we soon dained a sitter. Presently there came a heard a burst of firing which showed that they were after it. My companions had for us to finish our excursion. We were able Gnally to make our retreat on foot decided that it was out of the question

30 ended by visit to Monfalcone, the place I did not reach.

A. 8. WATSON & Co., Lap., VICTORIA DISPENSARY, THE PHARMACT,

4men's DISPENSARY, THE EDWARD DISPENSARY,

Air

61

st

Previons On Dale On Data

Day at.9pm, 6 a

2 p

19.50

2989

1972

63

(89

+9

68.

81

59

WoW WNW

8397

Highest open-n-r Temperatureon 30 ho Lowest-open-mir Temperature on airt 82

·ON SALE

BOUND VOLUMES of the HONGKONG

WERKDIPSENS, JULAI Drorama, $10. With Isa. Prion 37.50.50

• On fale at the Horozora Dana Prass

Hongkong, 10th March 1918

CHINA MAIL S.S. CO., LTD.

·FREIGHT- AND PASSENGERS.

8.S.

*CHINA

WILL BAIL FROM HONGKONG FOR

SAN FRANCISCO

YIA SHANGHAI, NAGASAKI AND HONOLULU,

SEPT. 5-NOV. 11 - JAN. 18, 1917.-

AN UNSURPASSED HIGH-CLASS PASSENDER SERVICE AT Intehærdiate RATES

Hongkong, 17th May, 1916.

0. H. RITTER, Freight And Passenger.

Prince's Buildings, Toe Honge Street.

1628