1918-04-03 — Page 6

THE HONGKONG DAILY PRESS, WEDNESDAY, APRIL 3RD. 1918.

AVULCAN

Machinery

"ASAHI BEER.”

DAL NIPPON

ASAHI BEER

ORAND PRIZS

ASAHI

LAGER BEER

COMPAN

BREWERY-TOKYO CO..

·BOLE" AGENTS, MITSU BUSSAN KAISHA.

Tal; No. 130 os 165;

Electrical Equipment

Mining Machinery Machine Tools Wood Working Machines Steel Making and Rolling Mill Equipment

Sugar Machinery

Textile Machines Contractors Equipment Complete Saw Mills

Pailroad Material Cranes of all kinds Boilers, Steam Engines and Motors

Agricultural Implements

Keep yourself posted on Intest im proved machinery. Write for Vulcan Machinery Bulletin and Leather Binder.

The Vulcan Engineering Staff will gladly answer your every inquiry. Plane, specifications and cost worked out for the most complicated installations.

Because of uncertain mal-cond tions, we suggest you cable - us as specifically as possible. Prompt replies by cable will be made.

da te

VULCAN STEEL PRODUCTS CO. 120 Broadway, New York, U. S. A Cable Ad.: "VULCAN STEEL, New York. A. L. BOUET, Representative for China, QUEEN'S BUILDING,, Ice House STREET, HONGKONG Aosser; -

ALL

HORLICK'S MALTED MILK

(Full-creams mille enriched with barley and wheat) The Ideal Food-Drink for all Ages.

HORLICKS

TED

Science affirtes. Ita superiority. Experiesos confirms. Gives strength and maintains it. Generates heat and conserves it. Bulida Bars, Brain & Brawo. Refreshing and delicious. Easily digested and quickly absorbed. Kendy in su fustane by the simple addition at hot or cold westry. IMPORTANT NOTICE.

ORDINARY MILK is not always pure 5.

--- HORLICK'S le guaranteed uniformly 50, ORDINARY MILK fa unsafe unless cocked -

HOBLICK'S is safe and minds no evoking.

ORDINARY MILK often disagrees

HOBLICK'S never does.

ORDINARY MILK deterioratan quickly; HOME HORLICK'S kaeps i indcăniicly

ORDINARY MILK is saldom available when wanted; SHONLICK'S la miways at hund, HORLICK'S may be used in Paddings, Bread, Cakes, Custards. etc. in place of ordinary mak Sold by Chamists and Stores.

In 3 sizes, 1/8, 2/6 & 11/- (in England).

HORLICK'S MALTED MILK CO., SLOUGH, BUCKS., ENG.

[1494-1

11739

CUTLER PALMER & CO. APIOLINE

JOHNSTONE'S

NAPTER

SQUARE

BOTTLE WHISKY.

WAPIER JOHNSTONES

SQUARE BOTTLE WHISKÍ

-THE BEW FRENON TENEMOS THERAPION NOT THERAPION NL2 THERAPION NO. 3

“qe ve babadSTICA WILLING Reing, bikes, Lore viac6.16. "BOLD ST LEADING CRUNCHING PERORAN IRELAND, TE

EKOM TO DR. AQUE FRANKLONOCH VO, HAMPRERAD, LOKOOL FOR YOU] *KE KEW VIADMK CRAZECKLING FORM OF PER TAKE

THERAPION

KOLE- AGENTE IN HUNUKURE

AND SOUTH CHINA.

LANE, CRAWFORD & CO.,

· bad - From "Azz Wrum Mustikan be

(CHAPOTEAUT)

LADIES

Kur functional troubles, delay, patu _and_those_irregularitiós peculiar to

Prestrihed by the highest Franch 34dical authoritise and superior to Pašey, steel Dropa and Penny Moja.

GHAPOZEBUE, 8, resi Vivistna, Pozik -

THE WAR.

(Continued 'from page 5.)

General.

EARLIER CABLES--

(THROUGH BEUTEE'S AGENCY,]

AMERICA AND THE WAR

WEEKLY WAR REVIEW.

WASHINGTON, April 1st. The War Department's Weekly Review saysSir Douglas Haig, despite great dificulties, has maintained the basic order of battle while withdrawing to more

secure positions. So long as the Allied

THE WORLD AFTER THE WAR depends on that we must be in a position.

to use the weapon in all its rigour on the {BY MR. WALTER RUNGIMAN, M.P.]

one band, or on the other, as a contrast, Many of the writers who were Proto allow the peoples of the Central Em tectionists before the war, and are Pro-pires, when we have roplenished our do. tectionists still, complain that we have pleted stocka, to have access to these raw learnt nothing during the ordeal of 1014- materials. Any Government which counts 1918. They mean that we have not been on the efficacy of the economie. offensiva persuaded to welcome a tariff as a golu must contemplate its full rigour if it tion of industrial and national difficulis to be used at all, or its complote ties, and therein they say of us what is suspension if German, does what is ro true. We have no reason to be shy about quired of her. No tariff reformer cant our belief in the evils of tariffs for this escape from the necessity of the contrast, country. On the contrary, the experience and do Free Trader would be foolish of the war has demonstrated the un-enough to say that this weapon should not rivalled strength of Free Trade finance be used in case of need

The United Kingdom for three years A League of Nations can be enforced

Armies are able to maneuvre with the bore the main burden of financing every by means of naval and military pressure,

pared, in the event of his failure to secure. the major results in the present theatre, to find that he will attempt a further offensive in adjacent areas. Our resources have been placed unreservedly at the disposal of the Allies, and our divisions will, therefore, now be used, if needed. Meantime, our troops are taking their places at other parts of the line

THE GENTLE GERMAN, AWFUL DEATH OF WAR PRISONERS.

one of our European Allies. We paid but the bloodless weapon, which is briefly consistent unity and flexibility as shown

our own way, and made advances to described here, with its warning to and in the recent engagements so long will

Russia, Belgium, Roumania, Servis, menace hanging over the heads of the victory elude the enemy. However, us

Greece, Italy, and France. The joint merchants, manufacturers, financiers, and the latter has staked his fortunes on suc guarantees of France and Britain lapsed workmen of a State tempted to flout the cess in the Spring campaign and, ap-in the early days into guarantees by us

Bloue.

League, is likely to be the sanction on parently, is determined to force a deci-

which the promoters of the League will Not a single Ally could have survived here to rely. The alternative in this sion or prove to his own satisfaction that without the aid of the British Exchequer case also is simple; materials and goods he is unable to do so, we must be pre- Frco Trade Exchequer. London ro withheld from the offending country with mained the financial centre of the world prompt undiluted severity by way of for three years, in spite of two thousand contrast to access to those supplies during millions advanced to our Allies, and many good behaviour. thousands more spent by ourselves. And

In future we must run no risks which.. the City of London, such as it became. was the outcome of seventy years of Free ale avoidable of finding ourselves without Trade. Our industries showed unrivalledsential materials of defenes That Ger

many should be able, by cutting off sup- facility in adapting themselves to war plies of any commodity, to involve aur demande, and they were industries which had grown up during our Free Trade greatest industries in paralysis, or to deprive our arms of explosives, or other period. Our merchant fleet was the main material, is a peril of which recent ex- stay of the Allied commissariat and the perience has taught us to keep clear. I Allied arsenals, without which every the past, we all with one necord dealt chemy of Germany in Western Europe with battleships, torpedoes and guns on would have been starved, possibly defeat an exclusive and not on a free exchango ed. Our strength under all these stupeu hadis. We kept the industries of naval dous strains, which would have broken and military defence warm and active, France, Russia, or Italy, although our paying boldly and lavishly for inventions area is less and our population designs, plant, staff, machinery, build- larger than theirs, is surely prima facie ings. To that extent, and within those ground for faith in Free Trade and not categories, there was no offence against for mistrust of its benefits to this country. the practice of free exchange in commerce, This was a sphere catside of fiscal con Even as regards taxation, wo alone, troversy. If we do not find ourselves in stable world after this war, we shall of all the European countries, found still have to provide for armaments, and ourselves with a revenue basis capable of armaments nowadays include & greater expansion, and wo have pushed our variety of devilish ingenuity then-it revenue up from two hundred millions former days. year to nearly six hundred and forty In that camp the victims were shut up millions on a Free Trade basis, No other

basis could bave been of any use, a The chief requirements will include, in a dungeon for alleged insubordina

indeed France, Italy, Russia, and Ger besides the numerous articles of pre-war tion. Fire broke out, and the sentry many, alike discovered. Even America days, trinitrotoluol and the whole group outside paid no head to the prisoners has had to resort to Free Trade laxes of aniline explosives. Special treatment in order to raise her revenue to war for them and arrangements for their shouts to be let out, When the smoke level; and she has had to adopt various regular production or means of produc was choking the inmates the Englishman forms of income tax instead of extending tion must accordingly be devised in the broke a stall window with the idea of who himset cuts same way that we may have to keep fellow who allowed himself with these Woolwich going, or take over as national freeing himself and his comrades, and facts (not more economic doctrine, but concerns the greater private arsenals. he leant out, upon which the sentry bay facts), to guide him to doubt at this time Explosives and dros come from the samo of day the wisdom of those who for oneted him in the chest.. A revolting seventy years depended on the Free Trade struggle followed; the other prisoners system which has established such a attempting to escape, were repeatedly record in time of war. bayoneted and they fell back into the fames and were incinerated,

LONDON, April 1st. The Government has issued statements received through the Dutch Legation at Berlin by eight Spanish and two other war-prisoners at the Seamen's Prison. Camp, in Brandenburg, confirming the recently published story of the awful

death of six-Russian, one French and one English seanen.

RUSSIAN AFFAIRS.

BOLSHEVIKS RECAPTURE

ODESSA,

Moscow, March 31st.

Alter brief naval artillery firing the Bolshevik bluejackets recaptured Odessa. THE RED GUARDS IN FINLAND,

LONDON, April 1st. A wireless German official report states Germany has notified Russia that unless the is able to prevent the Red Guards she is our top end overrunning land the German Government will be forced to take measures to secure the con ditions provided for in the peace treaty. THE RUSSO-ROUMANIAN TREATY

Moscow, March 31st. This officially stated that the Russo- Roumanian Treaty regarding Bessarabia provides that the Roumanian troope, ex- cept 10,000 guarding the railways, will ovacuate Bessarabia within two months. Roumanie will neither tak, nor assist any, offensive against the Soviets,

EXPANDING REVENUS,

So much for the present; but what of the future? Is not a revision of our views necessary! That is the question put to Free Traders in public and in private conversation, and in response is as well to say frankly that we are always prepared to reexamine our guid ing rules of fiscal or economic policy: Let us, then, think of our conditione, not as they were, but as they are now.

THE CAPACITY OF THE ALLIES.

"AFTEIL WAR REQUIREMENTS.

DUNFING.

There may be other key industries for which special treatment is essential (spelter is one of them), but we cannot lese business men are prepared to show compile qur list now. Already number the world that theirs are key industries, and they ask for special exemption from our fiscal rules. Men who have never read a chapter of Adam Smith are already repenting his sentence on Opulence and Defence, and are imploring their political friends to regard it as their guida in overy particular trade? How natural In an earlier article I pointed out the this is and how easily capable of all the ergency, greater and more essential than unseemly praction of tariff parliaments! over, of cheap and abundant supplies of The number of special cares will have food, clothing, household goods and to be ruthlessly restricted. utensils, of semi-manufactured goods, One of the methods adopted by tho and machinery, tools, and materials for present Government to foster British our industries. Without cheap and trade has been plainly described by a abundant applica our industries and Minister during the debates on in other finanoo cannot recover. This aspect dis wise trivial measure called the Non- vague feeling that we ought to withhold is to prepare through Parliament the most favoured nation treatment from ground for the erection of big corpora Germany and Austria. Whether we have tions formed under Government patron- er have not power to do this depends on age. Competitors are to be wiped out the terms of peace. To say definitely now if they have had the remotest connections what we will grant or will withhold, with what are now enemy peoples, and whether in our own interest or for some Ministers have frankly told the House of other reason, is to commit ourselves or Commons that their main object is to to threaten uselessly

create by legislation conditions without. which the syndicate declines to operate. The incubating of something like a trust In measuring strength, however, be or combination of the German or Ameri- tween the Central Empires and their can type is a pernicious device in re enemies, we may point out to the world construction. (not omitting Germany and Austria) that in war é outrance the economic capacity of the Allies and the Americas. 15 supreme. Germany can get itle or is not likely to be harmful. Let us sup no cotton except from the United States pose sugar to be dumped here at a penny or the British Empire; her raw wool a pound. No food controller would comes mostly from these countries and object its arrival, not even those who the Argentine, she can get no rubber forced up the price of potatoes last czcept, from the Brazils or the British autumn, nor would the millions of house- Empire, with the exception of a small wives who have paid 5d. to 8d. per ll. aponnt under Dutch control; only are for two or three years, and failed to buy tion of her copper can reach her if the at that, or any other price all that they, United States and the Allies withhold wanted. The milliona should not be supplies she has no manganese except deprived of cheap sugar, even if it be from India or the Brazila; very little dumped. If hardware is dumped, I wolfram from outside the Allied cou would say at once, let it come. Th tries, and not much zinc Germany's housewife must not be prevented from re- food may be supplemented by what she equipping her kitchen or her sitting-room captures in Boumania or buys in Russinor her bedrooms with even dumped pots. but she goes short so long as North and and pans, and chairs and beds, if the South American, India and Egyptian wants them. We have yet to learn that crops are shut off from her. Terrible con- Germany has large stocks of anything to trols remain with her enemies, and just export, for with few exceptions her cup. as in peace negotiations she may flaunt board is bare, and her industries aro her well-organized legions, so equally are stripped of labour more mercilessly than we entitled to remind her of her people's ours. In the period of want, scarcity and dependence on the Allied and American poverty which will afflict half the world raw materials, meet

when the war is over, woe betide the prive, British purchasers of goods or Ministry who would on any ground de **We must have Belgium and the north That is the economic weapon in our material or food which may be offered to France. The curse of God is upon the hands and yet for the purpose of securFour merchants at any price, however low. French people. Let us consider ourselves ing a satisfactory peace it will be of little Up to the present. I have heard of no Fortunate that He has soparated us futurs valus (beyond the present effect of better rule than that Free Traders and from that nation, which is as ungodly as the blockade), unless we are able to say all prudent statesmen must prevent any it is infamous. The Fortuguese posses to the German plenipotentiaries: An and every attempt to impose any import fions must disappear. France must pay unsatisfactory peace for the world will charge or to inflict any artificial price on until she is bled white. You may call me involve you in such future shortage as our the consumer. If the British consumer is Jingo or Chauvinist or anything you controls make possible; a satisfactory never prevented from drawing what he like, but what I say is we must have a peace will free you from these penalties needs from any market, whether at home strong peace.

In other words, to make the weapon effect or abroad, we shall not be seriously afflict tive at the psychological moment--much ed with corrupt or stupid, tariffs

THE CADET CORPS.

LONDON, April 1st. The Press Bureau announces His Royal Highness the Prince of Wales has been appointed Cadot Colonel-in Chief of the Cadet Corps of the United Kingdom.

GERMAN GENERAL'S "STRONG PEACEP

A message from Zurich states that General von Libert, speaking at the Conservative Congress at Halle, recently, said:

For us there is only one principle to be followed, and we must recognise ne other: We-hold that Might is Right We must know neither sentimenty bu manity, consideration nor compassion, We will incorporate Courland and bring suită degli inte our own population 50,000,000 Russians. Glav nightmare will ride us no

SAVARESSES

ESANTAL CAPSULES

ERCIANE EXCOMECEND

子

TED ECONOMIC WEAPON

The dumping of goods in this country