GERMAN CHANCELLOR'S
SPEECH,
GERMAN WAN AIMS RESTATED.
CONFIDENCE IN U BOATS,
A telegram from Berlin states that Herr Michaelis, in his speech to the Reichstag shortly after his appointment in July,
said:
Appointed Imperial Chancellor by the Emperor, I have today the honour for the first time to communicate with this exalted House. A great burden has been plaved upon my shoulders at a mus gravi time. Trusting in God and in German might have ventured to take it up, and I shall now serve the cause to the most of my power. I beg from you loyal operation in the spirit which has bee so splendidly maintained in this body during the war.
Had I not believed firmly in the justice of our cause I would not have accepted office.
THE HONGKONG
THE MILITARY SITUATION. The reports upon the military situation from our Supreme Army Coninand are Very good. The great Anglo-French spring oltensives in the West have been snaut:red. The counter-attacks of our arietes snow their unbroken power and their superior ability.
In the Last, in consequence of interual Coniston in Russia, the track of une Chemy's millions has-not-materianized and there is comparative enim. taise reports and the inettement of xos aines had again stirred up the sol mers in Russin oid the prosim offensIVIS urvoops its goal was Lemberg and the o weils near Drobubyez, in order to D
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var
submarme 44. General ravilo, wat al is ruthlessness and Chortuous saertners, las gained only slight advantages.
DAILY PRESS. WEDNESDAY, SEPTEMBER 12′′E, LUIY.
side with its loyal allies, has held its place, weapon in hand, before the fron viers of its country against the manifold superiority of muses of nations, has proved itself unconquerable. To me our aims are clear from this situation.
Greece was forerd by violence to enter
Lion Our common front the war against us. with the prave Dalgarians stands firm Italy, even through an eleventh Isonzo battle-tried Austro- battle against our
ugarian brothers in arms, will not be able to attast the aim of its breach of The faith the possession of Tries. season of the year has set a pare to the Agning the Caucasus, Irak, and Pale- When it as resumed the enemy will Sud the Turkish Army newly equipped and full of confidence.
AL LEA.
We deny the accusation that submarine warfare is contrary to international law of humanity. and viclates the rights England freed this weapon into our de Through her illegal blockade shy prevented neutral trade with Germany and prelaimed a war of starvation. Our weak ho cha America, as head of the neutrals, would give pause to England's illegal proceedings was in vain, and the final attempt which Germany made, through an honourably intended peace uffer, in order to avoid the last extremity, fuüel Then Germany had to choose this last melled as a counter-measure in self-an defents, and now also she must carry it through to the almost for the shortening of the war.
AMERICA'R INTERVENTION.
into
GERMANY'S TERMS.
gives us an inestimable advantage over GEN. BRUSILOFF ON HINAL】 England.
TOWN AND COUNTRY.
VICTORY.
A STORY OF THE EX-EMPR ESS.
SOLDIERS' ASSOCIATION... VETERANS OF THE GRAND ARMY,.
Lieutenant-Colonel Sir John Norton- Griffiths, D.S.O.,. M.P., at the request of "many of all ranks." who "after having served together in this great war'' desire to continue to keep in touch with one another after it has been fought to a finish," has issued a proposal for the es tablishment of a Soldiers' Association: throughout the country and the Doming.
The Hourse Gazette publishes 1 ccendy an interview with the Commar ider-i Chief, General Brusiloff.
Replying to a question, as to whether he believed in ml victory. General Brusiloff said: Yes, I believe in it: otherwise, without such a belief, it would not be worth while lixing." Continuing, be said :--
The chief thing has already best in done The Army has been moved to be gin an offensive. M. Kerensky's servios haze The motto," he writes, "might well The urban popula-been innfeasurable. He did quite impos-be United We. Stand," and I remember
HOME POLICY,
IN
the
sible things. With regard to my self, be converted me into addressing meetings.. I cannot say that I met with much success. Speaking of German influence, Gionee Brasiluff told the following pera onal ex- periences:-
Immediately before the war, while many- ing in Warsaw I saw how great was the German influence upon the Governor, General Skalon.. The German Consul at Warsaw knew everything. At that tim I worked out a plan in the event of war with Germany, which I had to Inide from the Governor..
ions.
worthy N.C.. suggesting to me when discussing the idea before the battle of Loos why not call it Veterans of the Grand Army. No better nasue could, I think, be suggested.”
Amongst the objects of such an assasin tion would be the following:
1. To watch and safeguard, the interest of all members of the forces and ko take such steps as are arersstry tas protect them during and after demo- bilization...
2. To promote undertakings for the dis- abled, using our individent and com- bined efforts to find employment för all discharged soldiers and sailors.
Painful experience in wide areas has shown that on account of war conditions the relations of the town and country le come troubled. Enlightenment is here an absolute necessity. We must, first, save First of all the territory of the agriculture from finding that under the Fatherland is inviolable. With an new plan of distribution the cations enemy who demands parts of our Emallotted to it, particularly for cattle, are pire we cannot parley. Only after
If we wake so scanty that the possibility of making prace we must in The first line make them do is from the beginning excluded, US-
sure that the frontiers of the German That was last year's mistake, which is Empire are made secure for all time, frankly admitted, for that had, as ann
tional consequence, that violations of (Loud cheers.)
We must by means of an understand-law inevitably occurred. They were in ing (cheers from the Irit and Contre) gvitable, and therefore exensable from a and give and take (Ausgleich) guarantee human standpoint the conditions of existence of the Gertion must also appreciate the great. Ji- man Empire apou the Continent and culties which agriculture suffers under Overseas. Peace must build the founda war conditions.
On the other hand, the country popula; a lasting reconciliation of the
understand, must be made It must, as is expressed in tion nations. your resolution, prevent the nations thoroughly how important industry in the from being planged into further enmity great cities has been and is. If that is through economic blockades, and pro done a rapprochement will follow, and vide a safeguard that the league in each will do for others what he can and
what is his duty.
The successful ex- arms of our opponents does not die periment of transplanting hundreds of
economic offensive alliance against us. These aime may be attained thousands of city children to the country within the limits of your resolution as way, perhaps, build the bridge, but we interpret it.
must take pains in every vay to see that moderated.
Last autumn, before the offensive start- cannot again offer peace. We have this confics of view
ed, he ex-Empress Alexand ra askerd loyally stretched out our hard once and alleviated, and ended.
When will you commence the offensive?" met with no response, but with the entire We look upon the optimistic feeling in
That reply You cannot expect me, who live brea 1 replied "-1" do not know."
was received with disfavour by the ex the Entente countries caused by America's nation, with the German Army and its
leaders in accord with this declaration, only five days in affier, to express my
Empress, but it saved the offensive. en intervention without serious concern.
the tioverament feels that if our enemies views to-day exhaustively and finally on is easy to reckon how much tonnage is necessary to ransport an army from handen their last for conquest and their pending questions of internal policy. Itern Headquarters then dena ude if that
aims of subjugation and wish to enter Roes without saying that I stand upon the the offensive should he postponed, and
Either America to the European continent and
into negotiations we shall listen honestly, ground of the Imperial rescript of July had to threaten by saying
shall resung the offensive whey I think it how much tongs is required to feed such
11th concerning the franchise in Prussia. France and England are and ready for peres. what they consider it advantageous and necessary necessary, or not at all."
have to say to us. Unt, then we musti
that closer touch should be established scarcely able to feed and supply their own armies without influencing their mulitary hold out calmly, patiently, and wearage tha
between the great parties and the Govern- and economic situation still inore. After ously.
ment. I am ready, so far as this is pos- I establish it as a fact that the sub- our previous successes we shall be able
sible without impairing the federal The present time is, in regard to lood character and the constitutional basis of marine war is accomplishing by its to master the new situation too, through destructim of enemy tonnage what is our Fleet, particularly the submarine. conditions, the severest which we have ex
to this co-operation mere life and expected of it. It impairs England's That is our Arm conviction and assurance.perienced, and the worth of only has been the Empire, to do everything issible to the worst. The drought has delayed fheictics, asa consider it desirable economic life and her conduct of the war We and our Allies can therefore look for- from month to month in
growth, and biter want exists in many that relations of confidence between Par- growing degree,ward to any further development „‚f mili
cases, but I can derlare with glad confiliament and Government should be made so that it will not be possible for her to tary events with calm security.
dence that relief will shortly set in, and closer by calling to the bading excentive hold out against the necessity for penes much longer. We can ask forward to
the population can then again in suppositions men who, in addition to their plied more adequately. Nothing pertain conciliatory characters, possess the con the further labours of our brave suby marine warriors with complete confidence,
can yet be said about the harvest, but the fidence of the great parties in the popular
in starting the submarine war the uniform for authorized parades only. fact is already established to-day that representative body (Loud cheers.)
the harvest of corn will be better than All this is possible, of course, unly on Supreme Army Command was guideil by which parades could be held at intervals, was believed. Straw is, indeed, short, but the assumption that the other side re the desire to hit the enemy's war incastry, during the year or en n stated Bank. the development of the cereal crap is ex cognizes that the constitutional right of especially his production of ammation. Holiday Membership would be free with collent and we shall, as in 1915, reckon the Imperial Administration to conduct Through the submarine war our armies service as qualification. Women should be in the West have experienced grant relief, admitted to the Association to represent upon an Average harvest. In wide our policy must not be narrowed. I am regions of the Empire rain has fallen, and not willing to permit the conduct of and the enemy's supply of ama nition their husbands during their absence on everywhere in time enough for the de-affairs to be taken from my hands. (Lond has decreased. The boats have, necom-service. For the past two years these. good potato crop, and, if we utilise the cheers.) We are sailing through a wildly plished this task. The co-operation of increase from Roumania and other terri assing sea in a dangerous channel, but the Navy and Army has proved to be per- questions have been discussed in various tories carefully, the shortage of fadder our destination shines out before our eyes, feet: The Supreme Army Cons and forms and the very deboite desire is with which we should otherwise be con- What we long to attain is a new and pets from the beat war that it will evident that when we drift back tu eivil fronted will be overcome. It has been splendid Germany, not a Germany which interfere with England's rende ness for life, whatever ous vacations may be, we | proved in these three war years that even wishes, as our enemies believe, to terrorize war by lessening her tonnage. The fully still hold together as a fiving car- in case of a bad harvest, as in 1918, Ger the world with her arned might. No, the tent of this expectation will also come porate body. It should 'e noted that the many cannot be starved out at all. With morally purified, God fearing loyal, and with it, in spite of Americ, the end, welfare of every trade or professjor is rigid appropriation and limited ration peaceful, and mighty Germany which we of the world-war and a panca such as is safeguarded by some such organization as ing, our supply will be adequate and that
is hereby suggested." (Continued at foot of next column.) desired by the Supratau Ariny Command.
I desire to avait myself of a mement when I stand in a plaes from which I can make mysli fard far and wide in the country to send hate the greetings of our troops in all fronts, on land and so, What our in the air. and under the sea. Troops, under the leadership of their great contander, have stromplished dur ing three years is unprecedented in the world's history. Our thanks to them are indelibly writtu. Bat our thoughts also for with gratitude to our faithful allies Th
Brotherhood in arms which has been eemented and tested in the lana of battle will be dissolved. thermiany will hold fast in faithful alliance to her treaties and agreements.
army.
The burning question in our hearts Is, however, how much longer is the war to last, With this we come to a matter which is the centre of all our interest and ef Germany all our procedings to day. did not wish for why, and did not strive for expansion of her power by violence. Therefore she will not prosecute the war a single day longer after an honourable pasice je obtainable merely to make cou- quels by violence, (Choers from the Socialis.)
What we wish is, first, to conclude peer as those would who have enozess fully carried through their purpose. The proneneration and coming genera tions should retain this time of war and as a time of un- trial as a vivid memo
# execution and precedented sorca, willing sacrifices by our people and our Army for the centuries to come. A nation of not even 70 millions, which, side by
|
FOOD BIFFICULTIES.
To help discharged soldiers and sailors to prepare their necessary papers, and so ace that their pensions and allow aners ate in order.
4. To secure the welfare of the women and
children left by those who have fallen. 5. To perpetuate in loving memory and
affection the dent.
all love. For this Germany we will fight and endure for this Germany we and 16. our brothers out there will bleed and die; through, despite all force. -- Kentaro for this Germany was will fight our way
GERMANY'S HOPE.
To promote amongst the rising genera- tion the grand spirit of patriçtisan and devotion that is the characteristic f the Army of to-clay.
To achieve the objvets,' Sir Johre
A setatiofficial telegram from Berian Norton Griffiths explains, "it would be states that in the course of a discussion mosary to have borough and comly out the military situation General tonganizations throughout the country with Ludendorff made the following state at a grand central council.
would be requested to grant a worganised to members of the Reichstag:
A PATRIOTIC CALL.
COMPANY, LIMITED.
THE HONGKONG STEEL FOUNDRY
FOUNDRY COMPANY,
PROSPECTUS
Inviting public subscription for 85,000 shares at par ($10 each), upon an increase of the Capital of the Company.
Tis desired, and a resolution for that purpose has been passe, to increase the Capital of the Company to $1,000,000 by the issue of new shares, for the purpose of extending the business which is Brmly believed will, if so extended, not only prove exceedingly profitable to all interested in the Company, but will also supply a want to local concerns.
The Capital of the Company is now 81,000,000, of which only $18,80 has been paid up, and on this the Company last your made a net profit of 819,817 and paid a dividend of 10 per cent, at the end of the present financial year. It is anticipated that doubling the Capital will at least troble the profit; and, should this anticipation be realized, the Company could pay at least a steady Twenty par cent.
Steel Castings are needed for numerous purposes by all Railway Contractors, Engineering and Dock Companies every- At present where in China, and by many sutall manufacturers.
■ large portion of the Steal products which this Company is able to manufacture is obtained from abroad-at probably a great expenso-in consequence of the very limited capacity of this Company to carry out orders received. With an increased Capital, enabling mare furnaces to be erected, and more labour employed, this Company would then be in a position to supply Imust of, if not all, the needs for steel castings in this part of the world; for, with the experience now acquired by the General Managora, and by their present head workmen, there should be no difficulty whatsoever in most satisfactorily fulfilling such requirements.
It is much desired that sufficient additional capital be subscribed, beyond that which is required for the further development of the Steel Casting department, in order to enable plant to be obtained, and set up, for the purpose of rolling Stoet Ingots into material for Engineering, Dock, and Building requirements; for watch material thore is now a great demand.
It is therefore trusted that many persons in the Colony will be feand ready to subscribe towards the increased capital desired, both for their own benefit, and for that of the community generally.
The General Managers are ready and willing to enter into any reasonable agreement desired by the Company to continue their services for a lengthy period. Also, if desired by the Company, they are fully prepared to transfer the control to a Board of Directors, comprised of such persons who are in a position to introduce business, as the Company thinks advisable.
The minimum subscription for the new shares now offered to the public, upon which the General Managers may proceed to allotment, is £200,000.
Mr. O. BERNARD BROWN, of the firm of Messrs. LINSTEAD
& Davis, Hongkong, is the Auditor of the Company.
A copy of this prospectus has been duly filed for registrar
tion with ttus Registrar of the. Companies.
Application for Shares should be made to the Company's Bankers, or the office of the General Managera, where forms will te supplied,
GORDON & CO.
Général Managers.
Dated this 22nd day of August, 1917.
REPORT AND STATEMENT OF ACCOUNTS FOR 1916-17. Raport presented to the Shareholders at the Seventh Ordinary General Meeting held at the Offics of the General Managers, on Wednesday, 15th August, 1917, at 11.30 o'clock A.M.
The General Managers have now the pleasure to submit their anmaal report and statement of the Company's accounts made up to 31st May, 1917.
The net profit for the year ended 31st May, 1917, after allowing for interest, Auditor's Fees and writing off depreciation on Company's Plant, Machinery, Launches and Stock, is $19,817.93. This amount together with the sum of $19,518.02 undistributed profit brought forward from last year makes an available balance of $39,306.55, which it is resolved to appropriate as follows:-To place to Reserve Funul 810,000.00. To pay a dividend of $1.00 per share $7,808.00. To carry forward to credit of next year's account $21,558.55.
BALANCE SHEET AT 31ST MAY, 1917.
Dr.
LIABILITIES. SHARE CAPITA L.
Authorised 100,000 shares at
$10 each...
...$1,000,000
Issued 7,808 shares at810cach MORTGAGE ACCOUNT SUNDRY CREDITORS including General Managers PROFIT AND LOSS ACCOUNT.
Balance as per last account.$19,548,62 19,817.93 Profit for the year
To Interest Account.
Auditor's Fee
Or.
5 cts.
ASSETS, Machinery, Melting Furnaces,
$
Icta
Foundry Plant and Tools including Annealing and
78.08000 3,000 00
20,765 72
39,366 55
311.25
$83,646.87 $227.72
877,419.15
82,356 01
....$ 4,500.00
143,303 27
Preheating Chambers and
also all rights to secret pro- cesses as per fast account...$83,968.12 Less sold, &c.
Less Depreciation
Additions during the year 4,830.86
Value of 2 Launches as per
last account
Less Depreciation
Office Furniture and Fixtures including valuable draw- ings as per last account...$ Less Depreciation ................
Stock in trade.
Less Depreciation
Work in Progress.......
Accounts Receivable.......
Cash at Bank and in hand
(Bank 7,271.64)
(P/Cash 167,58 j"
PROFIT AND LOSS ACCOUNT.
For the year ending 21st May, 1917.
450.00
Depreciation on Macby. Plant, Stock,
ko.
To Writing offold Machinery.....
Proft on the year........
4,050 00
810.00; 81.00
729 00
.837,649.70
795.89
90,863 RT
6,000! 00
16,874 35
7,439 10
148,209 97
32
cta
8
cts.
450 00 200 00
By Balance Working Account
28,117
7:0
7,554 61
95 21
19,817 93
28,117 79
8 28,117 72
GORDON & Con
General Managers.
1 report that I have andited the above Balance Sheet with the books and vouchers of the Company and have found it to be in accordance therewith.
I bave received all the information and explanations I have required. No depreciation has been written of Steel Process Patent Rights which appear in the books at their original cost, namely, 821,361.56. Subject to the foregoing observation, in my opinion such Balance Sheet is properly drawn up so as to exhibit a trae in 1 correct view of the stats of the Company's airs according to the best of my information ani the explanations given me and as shown by the books of the Company.
C. BERNARD BROWN, A.CA,
Hongkong, 6th August, 1015.
Audavor.
To be retained by the Bankers.
This form should be sent catire, with a cheque for the deposit of $10 on each share to the bankers of
the Company, amely, thes
To be returned to the applicant,
CHANTERED BANK OF INDIA, AUSTRALIA AND CHINA.
Parliment
HONGKONG STEEL FOUNDRY CO.,
LTD.
Farm of application for Shares.
Po the General Managers of
HONGKONG STEEL FOUNDRY COMPANY, LIMITED.
Gentlemen,
Having psd to theflb-apany'sbrukers the sum of5........ bring a deposit of $10 per share for
shares of $10
each of the above-named Company I (or we) request you to 2 allot to me (or us)...................shares on the terms of the Company's Memorandam and Articles of Association and I (or we) agree to accept the saras or any less number that you may allot to ras(or us) and I (or wc) authorise you to register me (or us) as the holder (a) of the said shares.
Name in full...
Address
Description
Date........
Signature....
The Register for application of Shares will be closed on Thursday, 1st November, 1917, at 3 o'clock.
Should the amount of $200,000 not be subscribed to onable the General Managers to proceed with the allotment,
Receipt for Application Money.
Received this..
......day of.....
... on account
of the Hongkong Steel Foundry Co., Ltd., from...........
...................................the sum of 8...............being a deposit of 310 per share upon shares of $10 each of the
above-named Company.
For the
Chartered Bank of India, Australia and China. É
Cashier.
N.B.This receipt when rotarast to the applicant must be preserved, and if mocompanied by receipt for the amosat da on allotment, will be exchanged in doe course for a certicate.
the amount subscribed by each subscriber will be returned without interest.
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