1917-01-13 — Page 5

THE WAR.

THE HONGKONG DAILY PRESS, SATURDAY, JANUARY 19TH, 1917.

PEACE IMPOSSIBLE AT PRESENT.

ALLIED REPLY TO PRESIDENT WILSON.

NEW BRITISH WAR LOANS.

CONFIDENCE OF BRITAIN.

General.

LATEST CABLES. (THROUGH MUTER'S AGENCY.] BRITAIN'S LATEST WAR LOANS.

FULL DETAILS.

Lennox, January 12h.

two new British war loans.

ALLIED REPLY TO PRESIDENT WILSON.

BRITAIN'S CONFIDENCE,

THE ROME CONFERENCE. ADVANCE TOWARDS UNITY OF ACTION.

VICTORY IN 1917. PEACE IMPOSSIBLE AT PRESENT

LONDON, January 11th. LONDON, January 12th.

The GuildhaJ1 wis crowded on the

LONDON, January 10th. The Allied reply to President Wilson's ocasion of the War Loan mosting, and The Daily Mail says that General Sir Peace Nute has been published. The com. Mr. Lloyd George, the Prime Minister, William Hobertson, General Milne, Sir munication, after supporting the pro-was given a great reception.

Francis Elliot, and the Earl of Gran- posal to create a League of Nations to: Mr. Bonar Law, Chancellor of the Ex-

ville attended the Rome Conference, assure universal peace and justice, exchequer, warned his hearers that the

The Times says it is understood that presses the view that it is impossible at futuro rate of interest for war money

the British delegates to the Roma con- present to obtain a peace which would would be limited. He forecasted that it ference regard it as the most satisfactory not only secure reparation and restitu- would not be higher than the present (of Allied War Councils, marking an ad- tion, and the guarantees due, through the interest. If the Loan failed-and ivance towards unity of action. Central Empire's guilty act of agression, would not other methods could be £1 per cent. war loan: at any time on but would also unable the future of applied, and the rate would not be ab or after the 15th October, 1929.

European nations to be established on a For cent. (Laughter) In conclusion, ho sure foundation..

declared that the German military ma- chine was visibly crumbling.

Both capital and interest will be s charge on the consolidated fund at the United Kingdom.

At soon the necessary statutory authority has been obtained, arrange

Africa.

BABLIER CABLES,

(THROUGH STOTIE'S AGNEUX.] EAST AFRICAN SUCCESS.

ENEMY IN RETREAT,

LONDON, January 10th. Reuter's correspondent in East Africa, describing the sharp fighting on a twenty- mile front on January 1st., resulting in the ejection of the enemy from the whole of his elaborate entrenchments on the Mgeta River, says that some 130 Baluchis on the right flank, under Geao- ral Sheppard, dug is at night behind the enemy's front line and, with other Baluchis, attacked at dawn. The enemy LONDON, January 11th.

fled in disorder towards the second line. The intervening Baluchis met them with Forecasts of the Allies' reply to Pre-heavy fire and repulsed three desperate attempts to break through. They thon sibility for the losses and suffering Ms. Lloyd George declared that the ident. Wilson have been published. They counter-charged and scastered the fou entailed by neutrals, as they in no way

Kaiser, in order to drug those whom he

describe it as differing considerably from The losses on both sides were very provoked, the war.

severe, but the enemy's were the heavier. the reply to Germany. It is conceived In the evening, General Sheppard ad- The Allies also feel could not dragoon, told the people that.

in full retreat.

Tho Allies regret to disclaim respon-

PEACE PROPOSALS,

THE ALLIES' REPLY.

ments will be made for the scceptance by it their duty to challenge, in the most the Allies had rejected peace terms. Win the most frank and most cordial vanced fifteen miles and sent the enemy. The prospectuses have been issued for the Commissioners of Inland Revenue, of friendly, but clearest way, the analogy had not soon any peace terms. We all spirit, and is addressed to the American

One is a lum of £o per out., issued at £95 per dent, and redeemble between 1920 and 1047, and the other is a £4 per cent. loan, issued at £100 per cent, and re-

stock and bonds of these loans at their drawn between the opposing belligerents, respective issue prices, with due allow which directly conflicts with evidence. anoo for any unpaid interest accrued History had clearly established one fact, thorcon in satisfaction of amounts dus namely, the calculated policy of aggres on account of death duties, provided suchsion by which Austria and Germany deemable between 1029 and 1942, income stock and bunds have formed part of the sought to ensure hegemony in Europe,

tax compounded.

With regard to the 25 per cent, lan, the prospectus stake that interest is pay able half yearly. The first dividend is payable on June bf, 1917, on dally paid allotments. The price of issus is £95 per cent., payable as blow:-(1) For fully paid allotments on application, £95 por oent., (2) For instatement allotments: on application, St per cent.; on March d, £15 per cent; on March 23rd, £15 por cent.; on April 18th, £20 por cent on May 9th, £20 per cont; on May 30th, £20 per cent; toul E05 per cent. All

in 1017.

The interest on the £4 per cent. loan is payable on April 15th and Octelier

15th,

The first dividend will be as fellow Payable on April 15th, on "fully puid allotments," 12s, Bi, par cent. (be first dividend on instalmont allotments will be the full half yeap interest payable on

October 15th.

The price of isme is £100 per cent., payable as follow:-(1) For fully-paid allotments, on application, £100 per cent. (2) For instalmat allotments: on application, £5 per cat., on March 2nd, £15 por cent., on March 23rd, £20 per cent., on April 18h, £20 per cent., on

estate of the deceased for a period of not less than six months immediately. preceding the date of death.

and universal economic domination.

By her declaration of war, the instant violation of Belgium and Luxemburg, and her methods of warfare, Germany had proved systematically that she scorns every principle of humanity and respect due to small States. The reply proceeds to set out a further series of

BO

were they

wanted peace, but it must be a real peace. The Allies at the Rome Conference were under doclusion concerning the magnitude of the task, nor doubtful of the result. (Cheera.) The whole situation was probed, the difficul ties faced, and arrangements made to deal therewith. The Allies felt that if victory was difficult, defeat was impos- sible. (Choers.) There was grim re- solution to rid the world overlastingly of the menace of the Prussian military casto and to save Europe from an unspeakable despotism. (Choera) The Allies were

people equally as to President Wilson.

nationalities must be fully carried out if It emphasises that the principle of league to enforce is ever to be practi

cable.

BELGIUM'S REPLY.

PARIS, January 11th. M. Briand has handed the American Government, adhering to the reply of the Ambassador a Note from the Belgian Allies and thanking the American the unfortunato Belgian people. Government for its generous services to

AUSTRIA FROM WITHIN.

SIGNIFICANT MEETINGS.

LONDON, January 11th. Austria-Hungary's military and econo mic difficulties are indicated by signi

day, received in audience the Bulgarian at the Austrian Headquarters on Tues

Stefani and Karl Albrecht, General Crown rin, the Archaukes" "Karl |

in Tarnowski, the Ambassador to the Czernin, German Military Plenipotenti ary, the Military Governor of Lublin and

For the purpose of providing against depreciation on the market prices of the loans, the Treasury undertake to set aside monthly a sum equal to one-eighth of one per cent of the amount of each loan to form a fund to be used for purchasing enemy crimes, and recalls the horrors more and more looking towards Britain.ficant conferences. The Emperor Charles, stock or bonds of either loan for cancella-marking the invasion of Belgium and tion, whenever the market price falls Serbia, the atrocious treatment they were below the issue price. unexpended balance of such fund reaches £10,000,000, the monthly payments will for the time being he suspended, but they will be resumed as soon as the unexpend- od balance falls below £10,000,000.

Whenever the

Dividends on inscribed and registered stock of the £5 per cent, war loan will he paid without deduction of income tax, but the income derived from such dividends will be amessable to income

thousands of inoffensive Armenians, the undergoing, the massacres of hundreds of barbarities in Syria, the Zeppelin raids on open towns, the submarining of liners and shipping generally, including neu- trals, the cruel treatment of war pri- soners, the judicial murders of Miss Cavel and Captain Fryatt, the dèporta tion and enslavement of civil popula tions, etc.

and he was confident that that trust would not be misplaced. Our Navy would con- spite piratical devices (choers)-while, tinue to strangle enemy commerce do.

with proper support, our gallant Armies would cleave the road to victory in 1917. (Lond cheers.) A successful loan would shorten the war, save lives, and save the British Empire, Europe and civilisation. (Cheeze.) The Prussian mansoo at pre- sont constituted a running mortgage which detracted from our national securi-

United States

an eight-hour economic conference, at General Czernin presided yesterday at Vienna, of all the Hungarian Ministers,

EGGS FOR ENGLAND.

· LONDON, January 11th. Seven million Egyptian eggs have they are selling at a penny-three-farthings reached London, and it is reported that

each. The supplies from America have.

tax in the hands of the recipients at the HEAVY GERMAN CASUALTI ES Let us clear off that mortgage for been the largest for months.

rates of tax appropriate to their respec- tive incomes.

Dividends on the £4 per cent, loan will be exempt from liability to assess-

LONDON, January 12th.

The casualties shown in the official Ger- man lists for December, though not

ment to British income tax other than necessarily incurred in December, total super-tax. For the purposes of super-88,291, of which which number 15,160 are tax, and in computing total income for killed.

the purposes of exemption, abatement, GERMANY AND PEACE.

evor, and in future let the nations com- bine to punish the first peace-breaker. (Loud and continued aboering.)

Continuing, Mr. Lloyd George said we

had made it clear in reply to Germany,

and clearer in reply to the United States, that war is preferable to peace at the Prussian price. He emphasised that

May 9th, £20 per ent., on May 30th, 220 reduced rate of income tax on earned or NOTE PRESENTED TO NEUTRALS. there was no flinching, no wavering and

per cent., total £10.

The stocks pro investment authorised by The Trustee Act, 1893. and trustees may invest therein, notwithstanding that

the price may, at the time of investment, exceed the redemption value of £100 per

nent.

The Governor ad Company of the Bank of England are authorised to merive applications for the above loans, which will take the form of stock or bonds to bearer at the option of subscribers.

Applications, which may be for either loan, must be for sums which are multi- ples of £50, and may be for either (1), fully-paid allotments, or, (2), instalment allotments.

They will be received at the Bank of England Loan Ofice, and may be for warded either direct or through the medium of any baker er stockbroker in the United Kingdom.

unearned income, etc., the income derived fro a such dividends will be treated as if the amount received represonted the net income after deduction of income tax

AMSTERDAM, January 12th.

It is reported from Berlin that a Note bas boen handed to the representatives of

no faintheartedness in the uniformity of purpose shown at the Rome Conference, but only a grim determination to achieve the high end for which we accepted the

THE IRISH PROBLEM.

AN AMERICAN ANNOUNCEMENT.

Shaughnessy is returning to England is

LONDON, January 11th. A telegram from New York quotes thems Chicago Herald sa reporting that Lord

two months' time, baving been chosen to solve the Irish problem, The Balkans,

LATEST CABLES. (THROUGH REUTER'S AGENOX.) IN MACEDONIA.

PARIB, January 12th. A Macedonian communiqué states:- along the whole front, particularly in the Struma, in the regions of Makova and Monastir. Effective English and French aeroplane bombardments were carried out on military establishments and camps.

Meanwhile, General Lyall, ou the left flank, after occupying Kiraru, marched Bouth-west and

cut the Duthumi- Kideringwa road. He also captured a gun and much booty.

General Cunliffe, in the centre, bom- barded and captured the main enemy position. He dispersed the enemy and reached Kideringwa.

All the troops are now pursuing the onemy forces who have abandoned muni- the jungle with a view to reforming st tions and stores and are scattering in a pre-arranged rendezvous.

Naval Activities.

BABLIER CABLES. {THROUGH REUSER'S AGENCY.] BRITISH NAVAL LOSSES.

THE CORNWALLIS" SUB- MARINED.

LONDON, January 11th. The Admiralty announces that the Cornwallis was torpedoed and sunk by a submarine in the Mediterranean on

the 6th Battle Squadron. Her displace Tuesday. Thirteen men are missing.

[H.M.S. Cornoullis was attached to

ment was 14,000, and she was completed in 1904.j

SEAPLANE CARRIER SUNK. The seaplane carrier Ben Mychree was Bunk by gunfire off Kasterioriso, Asia Minor, to-day. One otticor sud four men were wounded,

SINKINGS.

January 11th. The latest sinking reported are the steamers Baynesk, Lyngeld and Andons (British), and Fernebo (Swedish),

The Near East.

BARLIED CABLES,

(THROUGH MEUTER'S AGENCY.]

SUCCESS IN EGYPT,

STRONG POSITIONS, CAPTURED.

LONDON, January 11th. An official message from Egypt says:- We captured on Tuesday a strong posi→ tion consisting of six lines of entrench- monts, six main redoubta and a contral keep, covering Rafa, north-east of El Arish. The Anzac mounted forces, and the Imperial Camel Corps attacked tho position and carried it after a whole After the engagement Turkish reliefs were encountered and en- tirely destroyed four miles from Rafa. Further details will be seat later.

at the fall normal rate. There will, how-neutral nations indicating Germany Prussian challenge and to rid Europe The artillery duel has been increasing day's fighting.

ever, be no title to repayment of income view of the situation owing to the enemy- tax in respect of such untaxed dividends. reply to the peses proposals.

Stock and bonds of these loans, and

the dividende payable from time to time

EARLIER CABLES.

for ever of this men Loo. (Cheers.) "Before we rebuild the temple of peace,

we must seo that its foundations are

in respect thereof will be exempt from FIRES AT ZEPPELIN SHEDS. solid."

all British taxation present or future if it is shown in the manner directed by the Treasury that they are in the bene- fcial ownership of a person who is neither domiciled, or ordinarily resident

DISASTERS AT KIEL

THE HAGUE, January 10th.

A neutral eye-witness declares that there have been three incendiary fires at

The latest destroyed two new Zeppelins,

and twenty-four aeroplanes.

in the United Kingdom of Great Britain the Zeppelin sheds at Kiel during the and Ireland, Further, the dividends last five weeks. payable from time to time in respect of stock and bonds of these loans will be exempt from British income tax present or future it is shown in the manner directed by the Treasury that the stock or bonds are in the beneficial ownership of a person who is not ordinarily resident in the United Kingdom or Great Britain' and Ireland, without regard to the ques-

British Government Treasury Bills will be accepted under discount at 5 per cent. per annum, and war expenditure arti- fiosites will be axepted under discount

tion of domicile. Where a bond belongs at 3 per cent. per annum in both cases: as from February 16th, 1917, in lieu of to a holder entitled to exemption under cash payment for fully paid allot- these provisions the relative coupons will be paid without deduction for income tax

ments," provided that the entire proceeds

or other taxes if accompanied by a

of the bills and cetificates are so applied.declaration of ownership in such form as

If not previously redeemed, the loans will be repaid at par as follows:-£3.por cent. war loan, on the 1st June, 1947,

may be required by the Treasury.

The books of the loans will be kept at

Five carbonised bodies were found, two of which were described by the local papers as being those of British apies.

GERMANY PREPARING FOR

BIG OFFENSIVE,

FEARS IN SWITZERLAND.

Loxoox, January 10th.

Mr. Lloyd George, in conclusion, said: The British Armies to-day, in the matter of training and equipment, are more formidable than ever. I don't know a nation that will dare touch us after the war. They have forgotten what we were like in the old days, but it will take themi (Cheers.)

long to forget this lesson.

BARIER VABLES.

THE GREEK SITUATION.

Rouz, January 11th, The British colony at Athens has arrived at Brindisi, ou route to England.

residenta The Italian

remain At Athens,

GERMAN FALSEHOODS.

THE ALLIES IN ROUMANÍA..

The prisoners captured total 1,600, and we have also taken four mountain guns. The enemy killed sad wounded in our hands number 600..

Franco-Belgian' Front.

EARLIER CABLES. (THROUGH MEDIER'S AGENOT.]

GERMAN CLAIMS.

AMSTERDAM, January 11th. A wireless German official message saya:-We repulsed an attack, with heavy losses, north of Yprea. We drove out the British who had penetrated on a narrow front. The enemy occupied a salient of a trench near Beaumont.

LONDON, January 11th. The Times correspondent at the Rou manian Headquarters, elegraphing on January 8th says:The Allies are slowly retiring to the main line of defence on the Bereth which has been strongly for loya We stormed the heights north of tified during recent weeks,

the Oituz road, and captured 800 pri-

The Austro-Germans have won some successes between the Uz and Busit val-

MUCH SPECULATION,

The Germana are pressing back the Baz sians and. Roumanians, not because they are better fighters, but because they are better equipped, Let us equip them, and it will then be another story., (Cheers.) German assertions that they have cap I want to see your cheques hurtling tured the Predeal Army in November soners near Marasti and Racoasta

reached here only yesterday, I witness- through the air to the enemy entrenched the retreat of the whole army from RUSSIAN POLITICAL CHANGES the Carpathians under General Averosću, who kept in contact with the enemy the whole time. The lost guns, which were The Dailý News' correspondent at Lau-perly primed is more formidable than a destroyed, were sacrificed by the rear- sanne says that, despite the German twelve-inch gun. It clears a path through guards, but the remainder of the army denials, the Swiss are preoccupied with the barbed wire. Don't let us squandered the Bukarest divisions end are our money in luxuries and indulgences... put it there and help the soldiers. The more we get, the shorter will be the war.” (Loud cheers.)

the possibility of German invasion,

A desperate effort is to be made by Germany to secure peace within three months by a smashing blow in the West

Three possibilities are discussed :---

A per cent, war loan, on the 15th Octo- the Bank of England, and at the Bank Firstly, an attack on Italy from Austria,

of Ireland. Dividends on stk ill be

ber, 1942, but Hh Majesty's Government paid by warrant, which will be sent by through St. Gothard; secondly, from Ger- reserve to themselves the right to redeem: post. Dividends on bonds will be paid many via Porrentruy, threatening Gel-

the loans or either of them at par at any time on or after the undermentioned dates, on giving three calendar months notice in the London Gazette:-

£5 per cent. war loan: at any time on or after the 1st June, 1928.

by coupon.

Stock will be convertible into bonds to fort; and, thirdly, from Germany vin bearer at any time by means of iraqsler, Schaffhausen, threatening the industrial! and bonds to bearer will be exchangeable heart of France, for stock without payment of any fee.

Powers of Attorney for the transfer of inscribed stock, and deeds for the trans fer of registered stock' will be free of stamp duty.

Swiss military experts consider a simul- taneous attack at the three points most possible.

ments. Every well-directed cheque pro-

GERMAN INTRIGUE IN AMERICA.

*

LONDON, January 11th. According to a Ben Franciaco measage, the Federal Jury has convicted the Ger- man Consul-General, the Vice-Consul, a Lieutenant and two others, including a women, for plotting to bien up munition works, railways, bridges, trains and manition ships.

A

fighting.

IN ROUMANIA.

HEAVY FIGHTING,

PETROGRAD, January 11th. wireless official message says:- Fighting continues south of Lake Babit.

We captured a village east of Kalnoem. The enemy captured two heights north of the Mituz Biver.

LONDON, January 11th. There is much speculation at the mean-

The Daily Mail correspondent a Petrograd says that the new Fremier, Count Gobitzine, the ex-Governor of Tver, where the policy has been reaction- ary, in an interview said he considered it essential to co-operate with the Parlia mentary institution, for the war must continue till complete victory had been gained.

ing of the political changes in Russin.

The Daily News correspondent a Petrograd says M. Trepoff has resigned because there was no prospect of carrying The Roumanians fell back south east out the wishes of the Duma, the Assembly, of Mokestirka,

the nobles and the Press for real colla At Kachinul, also north-east of Kaboration between the Administration and North of Focsani, our counter-attack pailedesus, the enemy crossed the Putas the people. throw him back with heavy losses.

The Russo Romanians, though falling back ste stoutly resisting and are re tarding the progress of the enemy in a diffent country.

The Russkoye Scevo concludes a gloomy leader by saying that through charges Bussis has anffered much lately, "but wo never before realised so vividly that the Fatherland was endangered.”