1917-09-13 — Page 6

"MR CHURCHILL ON THE WAR

WHY HE ACCEPTED OFFICE

Mr. Waston Churchill, whose accept anee of ofoc as Minister of Munitions Recessitates a by-election in Dandee, ad. dressed a meeting of the electors of that The meeting was pre- city recently sided over by Lord Provost Don. There Wits a large audi-ner, and Liberals, Unjonist, and Irish Nationalists were re- prescrived on the platform.

THE HONGKUNG DAILY PRESS, THURSDAY, SEPTEMBER 13TH, 1917.

THE COUNTRY'S TRANSFORMATION.

Is that not a tro-

DEPENDENCE UPON VICTORY.

There are all sorts of glorious schemes of what is going to be done after the war is over. All these noble hopes, and by

**NEWS SHELLS.”

INGENIOUS GERMAN DEVICE FOR COMMUNICATION.

Among

means.

The

that such views should find public expres is it what our enemies think. (Choers.). right--and you will agree with mee on the other. sion. I bare borne in the past very great They see in this island our Allies with not merely to immunity from factious mendous fact when stated in the simplest responsibilities-in the early months of sure confidence and our foes with bitter criticism, not only to what is called a fair terms? There have been only, two other conflicts in the world, at any rate, since this war, at its outbreak, and in the years hatred and fear--they see that this chance, but I think a right to the whole- immediately preceding it. Scarcely any peaceful old country, which many of them hearted service, and aid of every loyal toedieval times, comparable in any way decadent and ineffective, and faithful citizen-(prolonged cixers) to this. The first was the great struggle

recent developments in one, exept Mr Asquith, the honoured thought was Lender of the Liberal Party (choers)-- } that this old, praceful, and peace-loving including the loyal and faithful citizens of the Reformation and the second the soience of war, bath. for attack and de- and Viseman Grey-(cheers)--who guided country, which was not in any way pre-who would very gladly have preferred French Revolution. The broad principles fence, the following three examples are. our foreign policy, scarcely any one 1pared for war, except so far as its Navy some clae to be entrusted with the for which the Allies are fighting are cota perhaps, the most interesting which have venture to say had a heavier task to bear was concerned, has suddenly been plonged task. At any rate, that is the principle prehended by the humblest and simplest been devised by the enemy (mys The than I ind. (Cheers.) Indeed, from in the midst of this struggle, and frou on which I propose to proceed. And I soldier in every Army, and they are forti.ince' Special Correspondent at Freuch the year 1911, when the Agadir crisis the first day to the last has marched for particularly need aid and assistance in fed in their struggle by this comradeships | Headquarters).

The first is concerned with the composi brought me to the Admiralty, until the ward steadily in the forefront of the any matter which may bring me in contact of great ideas. And this is the great idea

gathering power, gathering with labour).

that the Governments must over again and use of asphyxiating guses" and Mr. Churchill, who was very cordially day when the declaration of war, coming battic,

In order to exploit to the received, said: I have thought it, my duty after 100 years of peace like a thie in majesty, gathering might, gathering skill. I think that nothing that has emerged own the people in any part of the world-ggs shells.

(loud cheers)--but that the people, on the utmost this branch of offensive warfare to ace prflies at the present time, and the right found the Navy ready-(chora) gathering knowledge at every step, until from the preseat war has been more fore I there take the earliest opportunity

and able to carry our Army to a point at this moment, it stands in the vanguard ihly borne in upon us than the justice contrary, shall everywhere dispose of their three special staffs have been formed of officers picked from the artillery in the of presenting anyelf before you to ask for where it saved a decisive battle in France. of the oualitions the most deadly for that and soundness of our faith in the good-own fortunea and their own fate, and the field. They travel from one Army Corps your approval and support. (Cheers.) After that, during those early montba Germany has to face (Loud cheers.) wil and patriotism of the masses of the the hateful system of military and auto

uch, partly to give instruction in the The Lines are not ordinary; they are

when these grant difficulties and perils They see us overcoming one after anotlier British people. (Cheers.) I learned from cratic tyranny, which allows a handful oxanother staying a week or 10 days with unprecedented; they are, in fact, the most of war were so novel and unknown, down all the terrible difficulties that have my father, Lord Randolphs Churchill of arrogant, shallow, vain-glorious perifferent ways of fighting with gas, and cheers) what he had learned from Mr. Honages or potentates, who draw their partly to study, iscal conditions affecting formidable and terrible Lines that have to the time when the seas were swept clear menaced us

Disraeli in his youth, and what you have ideas from a narrow and artificial circle, its use. ever passed in the history of human of the enemy's flag in all that period, I suchery. This ford Pravest has told you may say without exaggeration, a trov We turn the industries of the country, had preached to you by Mr. Gladstone, which allows such personages to dispose The second innovation is the use of Trust the people." (Cheers.) "I have absolutely of the lives and hopes of scores fenoke predacing machines for, camouflage that the office I love acepted under the mendous weight and load was put upon adapted to peace, into the greatest engine

feared," said Lord Randolph of millions of men, to twist their very of batteries the position of which has been Crun and the duties which have been me. (Cheers.) If you lack abroad and of war production that has ever been never

To protect British democracy, virtues into means of tormenting their spotted." by cur airmen entrusted to the by the Prime Minister are around you throughout the world, you will dreams of on the earth. We see the wormen Churchill the the most nnxious and difficult that any see that hardly any public servant, beshe called into the line of battle. We see the Surely nothing has occurred which dees neighbours and using theif people as tools this guns and their crews from bombs and on can be called opon to fulfil. They Minister, General, Admiral, or official in old ideas of civil life in this country laid not strengthen our faith in the teaching and pawns in their dreary and sombre shells ailes are prepared beforehand game, and so to devastate Christendom around the buttery,, not less than 30 comprises the catjungus and progressive this country or "in" any other of the side for the time and the whole nation of all the leading statesmen of our coun- supply of munitions of war and machi-countries which are at war, who has been cushing to the field. We see the Zeppelin try during those years that are past that with flame and drench it with blood and yards from it and about 10 yards apart, aery of war of all kinds to our armies exposed in a foremost situation of respon-

clawed out of the sky. We see the long the dure foundation of all our institu- tear--that system, through all the armies and when the need arises the smoke in the held, to our fleets on the seas, and sibility to the full brunt and shock of this

arm of the Nury reaching down into the tions from our ancient Monarchy down. of the Allies, through all the nations of macfines are placed in sites to windward to our pilote in the air, and this at anparalleled convulsion, has escaped from depths of the sea to strangle, the sub wards, will be found in the fre, exercise Allies, that system, it is realised, muz so that the concealing cloud sweeps over and determine. (Loud the guns and hides them from our airmea The third device is at ingenious method time when after three years of war our the discharge of his duties in any country marine. We see the surface of the sea of political rights by a wide and educated finally cense

of establishing comunication during an nachrichten- resources in non in money, in shipping, without being bruised and wounded by the commanded from this very beginning i democratic electorate. (Cheers.) And it cheers.) in material, i cital energy, in mental f violence and hury of events. The scale on our Fleets, and all our merce and the is now being proved in the war that

Egagement by geschicke.. or message projectiles. when sigour, in huma endurance in this cOUN -

which events are now proceeding without movements of our Armies proceeding although autocratic Governments, work-

telephone wires have been out by heavy try, and in overy other belligerent Power intermission in every quarter of the globe smoothly. We see made out of citizensing in secret, springing like leopards upon

bombarden..... There are two forms of engaged in the ruggle have been strained far excel the power of man to control, and civilians an Army at this moment their prey, may give an initial and a for a long tried at their utmost extent and direct, and dominate them effectually the finest in Europe for its numbers pos- superficial advantage; yet coinmonwealths to mearis visionary hopes, all depend on these message carriers (1) Bombs for con- munication between the front line and Therefore, I say that the task which has and intimately, and however carness the essing at this moment a greater power and free people can stand punishment and on thing victory. (Cheers.) been laid upon me is of the utmost conse

service may have been, everyone can see of offence and attack than any other Army adversity, can recover after disaster, ena victory we have nothing before vs but ruin battalion and regimental commanders, quence and urgency. Failure in it or the war that exists between what one How engaged in war-advancing, protect endure the most agonising disappoint. and strife. I have always said in office or Bred by grenade guns with a range of nglert of it would lead directly to loss would have liked to have seen done and ed by an overpowering artillery, to tear ments, and confront new conditions with out of it that we must concentrate upon 550 to 650 yurda; (2) light shells for ex of life areng Sighting men and to grave what one has actually been able to'accom-down pusitions which every military man new remedies, rebuild their strength even the war. Concentrate, all your energies tending communication back from infan- injury to our PABAE. It is set for me to plish, (Cheers.)

before this war would have pronounced after it has been overturned, and can con upon the war, allow nothing to distract try and artillery commanders to brigade judge how far I om fitted or not fitted

absolutely impregnable. We see the insti- tinue to carry forward the struggle, even your attention from the war; lay aside headquarters, fret from Mintuurerfer For this task. That is for others te dreide. We are in a period of titanic events,

and men must be judged by the urations which are characteristic of Great if it is a struggle with brute force, to a very impediment, every emotion which with a range of 10 yards.

Britain standing every test, adapting point beyond which no antocratic or weakens your power to bring the war as uess and loyalty of their efforts, and not themselves to every new condition and despotic Government would dan to go speedily as possible to a scessful cont

clusion. (Cheers.) ; We are: fighting for simply by their power to achieve impos-

emergency. All the rest of the world, ex. (Cheers.)

our lives. We are fighting to redeem the sibilities (Chers.) There is always a

cept our enemies, is hushed in respect and

precious lives which have been given ao stain proportion of prople in every adiniration, and our enemies know and walk of life who like to dwell only on

testify by their hatred to a respect which Before war, when we talked together freely in the public cause, to redeem them what went wrong (laughter)--and who

is no less great than that which is felt here, as we often did, about the political in the only way in which they can be re invariably ignor whatever is achieved.

for us by our Allies. (Cheers->

affairs in those far-off days of peace, you deemed, by making their sacrifices fruitful will remember that I often used to draw in victory, so that the words Not in The question I have to decide is a much | They have a natural habit of mind which simpler

having been asked by leads them to form spontaneously and I harbour no resentment of any kind, your attention to the great diferenes be vaie Prime Minister to join

imply unpleasant views of people and against those who have endeavoured to tween countries where the people owned Governmem stand his side, and things, and then the very natural sincerity prevent my return to public office, and I the Government and the countries where

euk 31inister

Muni of their astures leads them to express these should not have cherished any feelings of the Government owned the people. I be tions decall I comply with his reviews with great volubility. (Cheers.) To resentment, even if they had been success- Deve that is the trac and final dividing oppext or refuse it? { have decided it is hear such people talk you would supposeful. Although it is a great honour to line. But never did I, and never did tinquesfiqably my duty

le comply that this entry of ours and the Empire serve this country in time of war yet it you, or any of us, expect to see the nations heers) The question which you have that is gathered round it has been govern is an honour which brings with it such of the world ranged up in deadly battle to answer this afternoon is, have I done; ed since the beginning of the war by a

a load of care, such a sense of intimate along that dividing line. Yet it has come right, de son approve what I have done," serieg of incompetent and unworthy contact with the measureless perils by to pass. Now that Russia has feed her

the United do you ndorse it, and will you take the persons. (Hear hear, and laughter.) which we are surrounded, that I cannot self (oficers)-now that freessary steus to support it? Let me There is a certain proportion in every conceive anyone, certainly not anyone who States has catered the war-(cheers) | scians of the pressult 3 ourselves. We seg far more severely in every way than wh has had nearly ten years of official life, there is not a single exception on either the symptoms in our Allies, we see them, have. If ever there was a time in the his- thank God, more plainly in all we can tory of this island when Britain should be making it a personal matter, having any side.

All the countries whose Gavern | kearn about our enemies. We have also this rock it is now, and in the months that Our dangers personal feelings whether he is in a Gov-ments owned the people as if they were a ernment or out of a Government. But kind of cattle are on one side, and the mesureless advantage, that while there is le immediately before us. that stage is now past. I am responsible, countries where the people owned the hardly any effective reinforcements that are great, but our opportunity incom can come to our enemies the mighty Reparable. Among all our Allies in the Old World wo are the least exhausted. and from the moment that I have become Governments, which are controlled for free public of the United States, with all its tieng our new Allies in the New World responsible for the supply of munitions to citizens, acting through Parliamentary in-

(Continued at, foot of next column.) we are the more experienced. the fighting forces of this country I have stitutions, and based on popular election,

It is for these who under the Crown and

Parliament exercise the suprene resposta. sikitity for the conduct of the war and who are answerable and necomutable for all their notions not only to their country me of day hat in romete posterity (Choers, )

The

to

THE PRIME MINISTER'S OFTER.

HPL

on

ALA

Ra one that I think it very natural that there should be a certain amount of opposition (hear, hear, and laughter) here and there in certain quarters among some of those, by no means all of those, but some of those who have been my life long palitical opponents. (A Taine "And friends.") I can quite understand

THE JUDGING OF MEN.

class and in every gathering who are far below the average level of mankind and of their countrymen in patriotism or in ability. (Laughter.) You would think that we have been singularly unfucky as a nation in our institutions and in our lenders, but though some may think so, that is not what our Allies think, nor

NO PERSONAL RESENTMENT.

THE CONFLICTING NATIONS.

Without

ouroca, of virtue and of valour, of 1 wisdom and of power, is coming to our or until she can throw her whole weight aid we know that we have only to hold

dhajkive and complete. (Cheers.)

to the struggle to make our vidorį.

If we

BRITAIN'S BURDEN. may be written above the battle-

But weanwhile the burden is on Britainės, Let us over forget we do not stand alone. field graves of our gallart dead. This is no time for pariy polītas, still less is it a time for personal feats. Never before We are the heart and centre of a leagu at any period of war was the hour more nations. If we fail, all fail. solemn or the issue more fateful. Every break, all break. If we are to reap the where you see in the digerent countries benefit of the intervention of the United the effects produced by the prolonged and States we have got not only to animat, intense pressure of the war. Everywhere and sustain our own people, but all those you see the premonitory symptoms of ex- Allied nations who are dependent upon haustion and distress. We are not unconus, and who in some cases have suffered

A PATRIOTIC CALL.

THE HONGKONG

STEEL FOUNDRY

PROSPECTUS

COMPANY, LIMITED.

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 passed, to increase the Capital of the Company to $1,000,000 by the issue of new sharos, for the purpose of extending the business which is firmly 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 $1,000,000, of which only $78.080 has been paid up, and on this the Company last year made a net profit of $19,817 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 treble the profit; and, should this anticipation be realized, the Company could pay at least a steadly Twenty per cent.

Steel Castings are needed for numeroas purposes by all Bailway Contractors, Engineering and Dock Companies every where in China, and by many small manufacturers. At present a large portion of the Steel products which this Company is able to manufacture is obtained from abroad-at probably a great expense in consequence of the very limited capacity of this With an increased Company to carry out orders received.

Capital, enabling more furnaces to be erected, and more labour employed, this Company would then be in a position to supply most of, if not all, the needs for steel castings in this part of the world; for, with the experience now acquired by the General Managers, and by their present head workmen, there should be no difficulty whatsoever in most satisfactorily fulfilling auch requirements.

It is much desired that auficient additional capital be abscribed, 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 Steet Ingots into material for Engineering, Bock, and Building requirements; for which material there is now a great demand.

It is therefore trusted that rasny persons in the Colony will be found 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 anter into any reasonable agreement desired by the Company to continge their services for lengthy a period. Also, if desired by the Company, they are fully prepared to transfer the control to a Board of Directora, comprised of such persons who are in a position to introduce business, sa the Company thinks advisable.

The minimum subscription for the new shares now offered to the public, upon which the General Managera may proceed to allotment, is $200,000. -

Mr. C. BERNARD Beown, of the firm of MOST LINSTEAD

& DAVIS, Hongkong, is the Auditor of the Company.

A copy of this prospectus has been duly filed for registra-

tion with the Registrar of the Companies.

Application for Shares should be made to the Company's Bankers, or the office of the General Managers, where forms will be supplied.

GORDON & CO

General Managerspellen Dated this 22nd day of August, 1917..

ALLE

REPORT AND STATEMENT OF ACCOUNTS FOR 1916-17.

Report presented to the Shareholders at the Seventh Ordinary General Meeting held at the Office of

the General Managers, on Wednesday, 15th August, 1917, at 113) o'clock A.M.

The General Managers have now the pleasure to submit their annual 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 deprociation on Company's Plant, Machinery, Launches and Stock, is 819,81793. This amount together with the sum of 819,543.83 undistributed prust brought forward from last year makes an available balance of 839,333.55, which it is resolved to appropriate as follows:-To place to Heserva Fund $10,000,00 To pay a dividend of $1.00 per share 87,80803. To carry forward to credit of next year's account $21,558.35.

BALANCE SHEET AT 31ST MAY, 1917.

Dr.

LIABILITIES,

Share CartRAI-

Authorled

100,000 sherce at

Eja sach

..... $1,000,000 110d 7,504 aberas at 316 each FORTRADE AVCODAY

GUEDAT Cexpitota

Including General 'TansyƐLT PAINT AND Love Accoust.

Balance as për lart næcoust Froot for the year

To Interest Adeomat Auditor's Fee

78,000

*,000

20,756

$19,443.80 ED,M17.03

81,166

88 2

ASSETS.

Machinery, Melting Farnaces, Foundry Plant and tools, including dascal. Ing and Preheating Chambers and ales all rights to seeect processes. as per ist abrornt.

Less Deprelation

Additiose during the year

Value of 2 Latarkes a por last

た

Le Depresalios v

Farature and Fixtures. Includ-

ing valuable drawinga na par läst

Lea Depreciation

Stack in trade

account!*

Lass Depreciation

Work in PragTINS

Accounts Beirable

Cays at Bird and in baad

**Bank 3,81 14|

* P/CING (62155,

141,204

17

PROFIT AND LOSS ACCOUNT.

For the year ending 31st May, 1917.

Er.

=

01

-353,554.13 BILES

$85,640.97

107.72

$77.419.15

4,936.80

82,150

------$. 4,500.00

450.00

1,030 00

st0.00 81.00

-827,669,70

**80

#6,53%

6,000

159974

5,439

10

#❘ 148,809

37

00

2

00

*8*

150

00

200

By Balance Working kerount

28,17

79

Depreciation on Hucky. Plaat, Stock, & Writing off old Enchinery.. Profit sa the sear

10,817

99,117

**

29,117

79

GORDON & Co.,

General Managers.

I report that I have auditel tho.abwe Balanco Sheat with the books and vouchers of the Company and have found it to be in nccordance therewith.

I have received all the information and explanations I have required. No depreciation has been written off Steal Process Patent Rights which appear in the books at their original cost, namely, 821,369.56. Sabject to the foregoing abservation, in my opinion such Ralance Sheet is properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs according to the best of my information and the explanations given mo and as shown by thể books of the Company.

C. BERNARD BROWN, A.C.A.

Hongkong, 6th August, 1917.

Awluor.

To be returned to the applicant.

To be retained by the Bankers.

This form should be sent entire, with a cheque for the deposit of 810 on each share to the bankers of the Company, namely, the

Chartered Bank of India, AUSTRALIA AND CHINA.

The Register for application of Shares will be closed on Thursday, 1st November, 1917, at 3 o'clock.

HONGKONG STEEL FOUNDRY

CO., LTD.

Form of application for Shares.

To the General Managers of

HONGKONG STEBE FOUNDRY COMPANY, LIMITED.

Gentlemen,

allot

Having paid totheCompany'sbankers the anm of ........... being a deposit of $10 per share for...................................ahares of BLO cach of the above-named Company I (or wo) request you to to me (or us)...sharea on the terms of the Company's Memorandum and Articles of Association and I (or we) agree to accept the same or any low number that you may allot to me (or us) and I (or we) authorise you to register me for us) as the holder (c) of the said shares.

Name in full,

Address....

Description

Date.........

Signature

Receipt for Application Money.

Received this....day of

ON 8ecorint

of the Hongkong Steel Foundry Co, Ltd, from............................

the sum of 8...........being a deposit of

$10 per share upon...........................................hares of $10 each of the above-named Company.

For the-

Chartered Bank of India, Australia and China.

Cashier.

N.B.This receipt when returned to the applicant must be preserved, and if accompanied by racsípr. for tie amistat de l ́o ilotment, will be exchanged in due coase for a certiá ato.

the amount subscribed by each subscriber will be returned without interest.

Should the amount of $200,000 not be subscribed to enable the General Managers to proceed with the allotment,