1918-06-17 — Page 2

Page

Prices

$44

to

$363

VICTOR VICTROLA

The Great Home Entertainer.

20% DISCOUNT FOR CASH.

MOUTRIE'S

Exclusive Agents.".

COMFORTABLE GOOD LOOKING

Prices

$44

363

[26-1

THE HONGKONG DAILY PRESS, MONDAY, JUNE 17mm, 1918.

PYJAMAS

Of course, comfort is the first requirement in Pyjamas, but good appearance is appreciated.

These are of white check Zephyr with coloured stripes, very soft, full and roomy--to lasure peaceful slumber. Cut with half-sleeves and

short legs.

Inexpensively priced at $4.75 per

Suit.

MACKINTOSH

& CO., LTD.,

Men's Wear Specialists,

16, DES YEUX ROAD,

LA

Telephone 20.

MINERVA

CIGAR FACTORY.

FESTABLISHED 1887.

MINISTROS

(A Cigar that has stood the test of time. Covered with

the finest Sumatra leaf.

in Boxes of 25 $3.50

MONARCAS

One of the niost popular Cigars of the La Minerva family.

It is covered with the finest Sumatra leaf. ·

in Roxes of 25 $2,50

LANE, CRAWFORD & CO.,

AGENTS IN HONGKONG AND SOUTH CHINA.

FULL 1918 EQUIPMENT

D

ODGE

CARS

DUE EARLY

IN JUNE.

FOR PRICES AND PARTICULARS, APPLY TO:~

SHEWAN, TOMES & CO.,

MACHINERY DEPT

HONGKONG,

[1089

FIRST BRITON IN JAPAN.

MEMORIAL TO WILL ADAMS.-

At the summit of Henmi Hill, Henmi

COMPANY MEETING. MERCANTILE BANK OF INDIA, LIMITED.

CHINA'S NEW PARLIAMENT.

GERMANY'S WATCH DOG.

Herr Harden long ago appointed him:

Our Peking correspondent writes:-- self the watchdog of Germany. When he

Were it not for the many distractions is not chained to his kunnel by the Mura, Vazosuka, the British Ambassador The twenty fifth annual general meet threatened peril on the Northern borders, created by the Civil War and the censorship, he barks or growls even at has unveiled a monument to the memory ing of the shareholders of this Bank was more interest would be bestowed upon Majesty Itself. He seldom boys of Will Adams, the first British subject held at Winchester House, Old Broad the second Farliamentary election now in Street, London, EC., on April 19th, Mr. progress in China. Whatever other grounds there may be for opposition, it you know, the cannot be contended that this election is

deep-mouthed welcome" to those set into go to Japan.

is

The Chairman:

authority over his country. Yet, there is The whole of the Henmi Murn and a certain honesty about him, as about large portion of Yokosuka, city were in J. Black, the Chairman, presid ng. no worse than his bite is often the ring to the Hill were decked with Japanese Mercantile Bank of India is a recon-based on a less popular franchise than most watchdogs, and his bark, which gain attire all day, and the streets lead-

and. British flags, and the of truth and justice.

the hill were lined with school children struction of the Chartered Mercantile the first Parliament, which is regarded

approaches zo The weakness of Herr Harden is a lack waving tiny Japanese and British dags to Bank of India, London and China, estab-in some quarters as the sole depository. of persistence. Since the war began welcome the British Ambassador's party has expressed most opinions with an The mainment, which is erected close by lished by Royal Charter in 1856. The of all Constitutional rights and privi- equal warmth. At the outset he shouted the graves of Will Adanis and his Japanese present institution was registered on 2nd leges. It is more manageable in sizɔ than with the crowd, and acclaimed at the wife, is an imposing slab of slate, about top of his voice the war which Germany ten feet high and six feet wide, bearing December, 1892, and opened its doors on its predecessor, gives a fair indication had decreed. No one has been more brief carcer of Adams in Chinese 4th February, 1893. The first few years of practicability quality which did not sternly set than he upon a policy of script,

Will Adams, known to the Japanese as of our existence were naturally difficult always distinguish the first Parliament, annexation. There was a time when he cast greedy eyes upon all the rich places Miura Anjin, landed in Japan as a ship and anxious. We had to live down the and certainly does not distinguish the

wrecked mariner over 300 years ago in of the earth and thought that they should the reign of the Brst Shogun Iyerasu, and troubles of our predecessor, and were up Rump Parliament supposed to be function be added to Germany, for no better reason. than that Germany coveted them. To-dar subsequently became the trusted friend against powerful and prosperous com

ing in Canton-and it may be presumed and adviser of the Shogun (says the be has changed his tune. He cries Japan Advertiser). He rendered many petitors. It is particularly during those that, if it be given a fair trial, it will

Pence, pouse, to a nation drunks with valuable services and gave advice to the early days of stress and uncertainty that spend more adequately to the im conquest, and he speaks words of solemn Bhogun in the art of shipbuilding, inathe- warning to those vain and bungry meninatics and the importance of interna we shall always remember with gratitude mediate needs of the nation. In this wad happily annexed to the German of the Shogun that he was given of the late Mr. James Campbell, who believe that Russia is permanently tional trade, and had won such confidence the wise guidance and devoted services connection it is of interest to note tho views of an intelligent onlooker like the Empire, les

fortable residence in Nihombashi, at a The warning will not be heard. It is place which is known till to-day by his some time progress was slow, but pra

New York Evening Posty which remarks consoling to us that it should be needed name

in a recent issue:From the stand- and has been given. That Cermany will an estate at Henmi Mura of Miura Hegress there has been always, we have point of the student of political science, rop an immediate harvest of profit from bad left a will wishing that his remains reply to true. Oil and corn and should be buried in the fatite minorale for the mere cost of collection and that his tomb should be placed facing are always welcome to the Burglar-State. the Xedo where the Shogun's castle was othing the Gorman loves so well strony Deler grateful memory of

his captor and benefactor, A DA PAR as n Tom Tiddler's ground.

But as we look back upon history we The British Ambassador's address of need not be without comfort. It is not by congratulation was preceded and follow-

Апіл 1 Cho, and was also given

For

steadily forged ahead from the start and we have never looked back The capital of the Bank is practically unchanged. We started with 11 branches and agencies

we have now 18,

In comparing the first Balance Sheet

attacking successfully an inert mass thated by a number of addresses by Japanese with that before us to-day, one is at once And from this country, at least

the Germans will acquire the habit of representatives of the committee for the

No man shall appease has orection of the monuraent. All speakers truck with the significance of the sum victory. hunger by cutting pieces off a jelly-fish.concurred in admiring the loyal British mations. They have increased from Russia, betrayed and tricked, lies for the Will Adams 300 years ago, and in think 3,129,342, and even as low as £2,576,359 characteristics which were typified by moment at Germany's werey, find only for ing that the peculiarly friendly relations in the second year, to £12,907,940 now the moment. Presently sho will rise existing between the simple British sailor again; and she will rise with her heart and the Shogun Iyeyasu 300 years ago Deposits have risen from £1,138,163 to full of hatred and anger against her might have been a providential indication $9,812,320; loans and advances from suuressors. The mere figures prove con of the deep and growing friendship which £362,629 to $3,781,149, bills receivable clusively that the miserable situation of now exists of Yokosuko was particu- from £1,177,580 to £4,026,680.

between the two peoples. The Mayor

Russia is but temporary. Sixty-four. millions cannot for ever amber of an the yoke three times that number of and willing, souls, and nobody can pretend that the Peoples Commissions, pur chated and burned by German gold, spoke with the voice of Russia, +

larly

praise of the

British people, from whom the Japanese The first allocation we made to the

enthusiastic in the have learned more in their civilization Reserve Fund was £10,000 in 1890. In than from any other foreign people. He

went on to say that, the hill on which ten years it had risen to £650,000; in 15 they now stood commands a beautiful years to £210,000; and in the last ten view of one of Japan's most important years we have increased it to £650,000, war harbours, and that the soul of

Adams under the green grass must rejoice (Applaust.) to hear the country of his second home has made such wonderful progress m

From the beginning a dividend of 5 navigation and mercantile marine; of per cent. was paid on the "A" Shares which he was Japan's first teacher Two per cent was paid on the "B" Shares

The British Ambassador said: “I do

not suppose that there is any country in in the third year, .., 1895, it gradually the world where the memory of those who rose until 1903, when & per cent. was paid oured

in Japan. There is hardly

too rapid progress by the Chinese in the practico of democratic government is uot to be expected; yet it is striking to observe the devotion of that prople to the idea of a republic, once the idea was implanted. Every friend of the Fast will wish for the new Legislature the largest measure of wisdom and self-forgetting patriotism in fronting its diflicult tasks. Ghina has the right to expect a sympathic appre ciation of her, difficulties and a readiness means in our power. Our historic friend to lend practical co-operation by every ship and our traditional faith in democracy ought to guarantee that." The primary elections are fairly well nd Vanced. The returns so far received are Government is confident that the election very satisfactory, and the will be completed at nusearly date.

considered

the introduction of notca of a lower denomination than Rs. 5 has perhaps effect, but it may still be necessary to hardly had time to show much perceptible. take more drastic measures to racet the abnormal situation that has been created by the war.

Alsace-Lorraine in subjection, and she have f-pabllo service is more hon on both the "A's" and "B's" and from of increasing or contribution to the

that date they have ranked pare passi

The lowest market quotation for the

Profit Tax, bad and doubtful debts, and. After making provision for the Excess

we have no depreciation on securities a bonus to the staff am glad to say to write off this year the net profit for 1917 amounted to £176,005, which is again a record. We have taken the opportunity. Pension Fund to £11,000, and we buvo. We have added £80,000 to the Reserve written £10,000 off Premises Account.

of 6 per cent. and a bonus of 9 per cent., and, after providing for a final dividend £87,600 more than our paid-up capital,

both less tax, we carry forward to 1918, than we brought in to 1917.

18, 2d. being £20,255 98, 10. more Notwithstanding the heavy extra ex-

GERMANY CANNOT RULE "And Germany might have taken warn ing from the past bad she not been blind. ed by vanity. In whatever strange place she has put her foot she has proved her complete inability to govern. She can murder; she can persecute; she cannot For nearly half a century she has done her beat (or her worst) to keep has failed: Is she happy in Poland or

Schleswig-Holstein. After all, a mers a fly that has not its record either of act of submission, a cheaply-won victory, its own distinguished ancestors or of the cannot turn the hearts or change the distinguished ancestors of the clan lo

This is to blood of mon. Ranes remains supreme which it belongs.

"But if the exercise of this virtue is To-day they both stand round about "B's" between 3 and 4 and when Russia has been stripped baro cohesion of Japan. by the Germans of her wealth she will id herself of the foul, politicians who have praiseworthy in the case of Japan's own

people, how much more commendable betrayed her; she will vindicate her non-is when it is extended even to those who

£72-£33... it ber, and show once more to the world that do not belong to the land. Three hun- und expansion has proportionately been During the last decade our progress the dronun of universal dominion is a false dred years ago there landed in Japan as well an ugly dream.

Has Harden, taking & larger view by name, whose sterling qualities and vious 15 years, and the past five years

an unknowu English seaman Will Adams much more rapid than during the pre-penses we have had to bear owing to the than the most of his countrymen, feels native worth enabled him no elation. He points out that Napoleonfidence of the great Shogun Iyeyasu. Fun particular show a marked increase in

after the bitterest accidents of history, one of the greatest sources of my mind "A" Shares was, I think, about £9, and Fund, ringing it up to £650,000, or

of strength and for the

to

con

among whom I am

that the ratio of expense to gross profits war, it is, I think, every satisfactory is only about 50 per cent.

himself never designed se brutal an attack day, three hundred years later, this contour figures. I think these few features to the staff for some years past we hitve himin existence of a nation. These almost the only stringer, is met together to which I have drain your attention has never been such a thing," he writes.

to honour the memory of that simple Never has the attempt been made in road daylight to crush into little peres nglishman and to dedicate this splendid justify some little pride and satisfaction a good Power, the formation of centurica, onument to his name

in the success we have attn ned, the busi. The fact that Germany is hitting herself Those who cheer, but cannot see, disputs with the bammer that she brandishes hastily, and that no war gains can ever make up to her for the loss of Russia." at is a point of view that should not

the business we are. (Applause.)

again granted a special war allowance

In addition to the bonus we have paid,

only in recognition of the good work performed, but more as compensation for the increased cost of living, extra duties way of furlough which the Board leve willingly undertaken, and, in the caat

most reluctantly been compelled to of the foreign staff, privations in the

continue to withhold, unless under special exceptional circumstances. calls on our staff for military service,

During the year we have had further. which has brought up the total serving

some of our foreign staff have also joineïl tary Hervice Bill of last week we had left. up. I may say that up to the new Mili

for whom we had obtained exemption, only three or four men of military age and these were in low categories.

It has been well said that we have and that we shall take nothing out of it.ancial position the Bank is in today trought nothing with us into the worlds wo have built up, and the strong Put this we can do, we can leave the it is eminently sound in every respect, memory of our service behind us as u sacred heritage and encouragement to and I bave not the slighter hesitation in those who are to como. It is on this com- stating, which is of inere consequence be obscured, a point of view which given men ground that you and I, the repre as good hope for the future. After geantatives of Japan and Great Britain, most than anything else, that our assets States, as well as men, must live not only fare gathered here to-day. Allies in spirit could not, I think, be of a more desirable to 73 per cent. of our pre-war strength with the high opinion which, in their and Allies in flesh; and it is in this description, or more liquid-engaged in in the head office, in addition, to which vanity, they take of themselves, but with spirit that I thank those who have execut the pinion, merciless and just, which British subject, for their memorial to a who was as faithful to others take of them.

And the ultimatum to Russia, harsh and the land of his adoption as he was loyal I will now turn to the accounts for the

to his own. inconscionable as it is, has had the excel. My only regret is that Prince Arthur to-day to consider and accept; they will year 1917, which we have assembled here anon of increasing the solidarity of of Connaught, who has always taken a present to you a very pleasing result, the Allies. We all know now that peace keen interest in Will Adams and his The many restrictions necessitatea by the with the nation which thrust its terms at memory, cannot be here today. H.R.H. war, which hamper trade all the world mains to be seen. The age of 60 covers the sword's point upon Russie and then is, as you know, on his way to Japan over, fortunately are not reflected in the very large and a very important pre- What effect the new Bill will have re- proceded to invade the country is out to pay his third visit to this country and statement of affairs before you. It is due portion of the remainder of the executive. of the question. The bypocrisy of Hert its Emperor. I shall not, however, fail in a great measure to the enormous in There are some appointments not easy ling has a to refill in normal times, and just now hands which we shall know how to use and I am sure that he will only be sorry ment afforded for all our resources. In The nation whose demands of terrors not to have been able to attend it." will talk of peace in vain, and the brutal

fact, the difficulty is to meet demands grave eriai, in the Empire's history, almost impossible, but we are up against treatment to which Russia bus beca ex

which under pre-war conditions would and everything that can be done will ba posed has warded off for ever the danger Hamburg, and he will ever remain loyal much to our regret that gls and valued to enable us to carry on the important have bien our ordinary business. It is done, and I am sure means will be found of a patched-up, inconclusive peace to his birthplace. He sees that ancient customers are sometimes disappointed at work we are performing in the publis Even Mr. Henderson himself is inspired city sunk in irremediable poverty. The not reiving the facilities they have been interest. (Hear, hear.) to an unwonted bellicostity when abips which once sailed all the seas of accustomed to, but precedence has to be I am sorry to say I have casualties to rocalls the sad fate which has overtake the world freely and unhampered are now given to the financing of what are called report in the staff serving on the different his favoured Bolsheviks.

rotting in harbour. With the death of "priority goods" and to HOLA BÍM THE IMMEDIATE GAIN.

However, Germany is so busy carving once wealthy town, nor will it over ro

industry starvation has come upon the extent we are compelled to devote our the figures are killed, prisoners of very great fronts. So far as is known at present up Russia that she can think of none of cover il Germany turn her eyes too in-State, and so long as the war continues sure, join me in expressing our sincerest resources to the requirements of the war, and 9 wounded, and you will, I am these things. To-day the victory is doult tently upon the East. And though Herr there is little prospect of any change for sympathy with bereaved relatives. less a great relief to her. It releases Harden's fears for his city are justified the better have now the pleasure to propose : vast horde of troops, which the Kaiser Germany will not stay her march into hopes may be profitably employed in the Russia. Her one view of statesmanship was the disappearance of the 1s. 4d. the sudited Statement of Accounts and That the report of the Directors, with The epoch-making event of the year West, and it gives the robber Huns a fair is that she should annex whatever in rapec. The continued advance in silver Balance Sheet at 31st Deccaber, 191 and welcome opportunity of thieving profitable to her. She looks forward with ich was giving rise to concern this presented to this meeting, he and the But what is a relief to-day will prove a vain hope to stealing the mines of time last year, pointed to this possibility, sans are hereby received, approved, and to-morrow an immeasurable obstacle to Briey and Belgium, for the enle reason but the further advance from ls, bd, to adopted, and that a dividend on the * A* Germany, and to England a comfort and that they are useful. She pretends to 18, 6d, last week was a complete surprise and B Shares of this Bank of 6 per a blessing." Do our militarists, asks believe that the Baltic is hers already, to most of us. Putting on cae, side any cont., less Income Tax for the six months Herr Harden,and their civil guard clusion of peace is handing down to our navid with all the pains and penalties if in regard to the legislation of 1829, I bonus of 3 per cent., also less Incom realise what legacy this triumphal con-

and she is even now threatening Scandi difference of opinion that may be held ending 31st December, 1917, together wit children and our children's children she do not acquiesce Fortunately they do not, and if they did day, we have not "the caviars of ever happens in the future, the clement of the same in hereby confined...

But, said a German humorist the cther don't think it can be gainsaid that fixity Tax (sking 14 per cent. for the year realise it assuredly they would not turn Astrakhan. Why should our people be doubt which its removal, whether tempo.

of exchange fostered confidence, and, what- as recommended in the report he and and be changed. In the pride of their deprived of this delicacy, which if it rary or not creates will take long to hearts they are ready to sacrifice ever be not for the general is at least for Ger subside. The immunity from anxiety

Sir David Yule seconded the resolution, thing for an Immediate gain, and it is

and it was carried unanimously. many? Let us, then, forthwith anper over the fluctuations in exchange we

The hearty thanks of the shareholders for us to see that our present deprem Actrakhan, that the prehistoric German have enjoyed to long no longer exists: Directors, the Chief Manager, the is coloured by the bright hopes we have town, in which no German has ever lived, the future, as in so many other things abroad and at home for their good were accorded to the Chairman, the

Pleasant it is to find ourselves in

may become German again! A suggest in the melting pot and what it may

Branch Managers, and the stuff accord with Herr Harden, though we arrive at the same truth by different paths, Herr Harden is a faithful son of (Continued at fout of nert Column.)

of the future.

tion which shows that humour is not quite have in store for us it is quite impossible services as shown by the excellent re dead in Germany, and that there are to speculate upon. There is no improve port of the Bank for the year ended others, besides Herr Harden who can ment in the currency situation in India, 31st December azt, and the highly satis think and speak aright-AY ENGLISH-

(Continued at, foot of next Column.) Bank's busines

factory results of their conduct of the

MAR