1921-02-22 — Page 6

B

NOW IN THE PRESS.

THE DIRECTORY

AND CHRONICLE

1921.

FOR CHINA JAPAN, KOREA, INDO-CHINA, SIAM, ✨ STRAITS SETTLEMENTS, MALAY STATES, NETHERLANDS INDIA, PHILIP. "PINES, BORNEO, Ero.

FIFTY-NINTH ANNUAL 168UE.

THE DIRECTORY covera the whole of the porta and cities of the Far East, from Nether: fands India to. Siberia, in which European reride.

Not only is the Directory as fall and complets in each case as it can be made, but each Colony, Port or Settlement is prefaced by a DESCRIP TION, carefully revised each year, most of which will serve as aconrate GUIDE FOR THE Tocnir, giving every detail in connection with the pisces, their History, Topography, ote.

THE HONGKONG DAILY PRESS, TUESDAY,

+

Irritated Itching Skins Soothed With Cuticura

Bathe With Cuticura Soap Dry and Apply the Ointment

These super-creamy emollients su ally stop itching, clear away pimples. redness and roughness, remove dans druff and scalp irritation and heal red, rough and sore hands. If used for every day toilet purposes they do much to prevent such distressing tronbles. Nothing better, surer or more economical at any price. Soap 16., Ointment 1«. 3d. and 2s. 6d. Sold throughout the Empire. For sample each free addrem: F. Newbery & Sons. Likh 17, Charterhouse Saw London. Also for mail orders with price

Catler Soep shares without msg.

SEAMEN'S INSTITUTE

21, PRAYA EAST, HONGKONG. OR the use of all Men of the Mercantile Reading and Writing Rooms, Billiard Boom, Oflcars Room, OP.O's Boom Bortaurant, Concert Hall, Church.

The information in these Descriptions, consistorine and EL.M. Navy. ing of a hundred interesting articles, packed with facts concisely set out and containing statistics of the TRADE of such Country and Fort, would alone rafise to fill a large volume.

Royal Octavo-Containing nearly 2,000 pages, 317.00. Directory only, pp. 1,400, $7.00.

The Back in printed from New Type specially reserved for the purpose, and uniformity in every arrangement greatly facilitates referance,

Besides the nasal Alphabetical List of Firme the Directory gives the CLASSIFIED LISTS ol TRADES and PROFESSIONS at the larger Commercial Centres.

The

ALPHABETICAL LIST of RESIDENTS in the Far East contains the names of over 20,000 FOREIGNERS,

arranged, with the Initials as well as the Sur. names in strictly Aphabetical Order, so that aay name can be found instantly.

THE MAPS AND PLANS

of the principal ports of the Far East have been engraved by one of the most eminent Firms in Great Britain and are annually corrected and brought up to date.

The CHRONICLE covers the notable events together with the Tarts of all the most import ant Testies concluded with the countries of Eastern Asis the various Customs. Tariffs, Trade Regulations, Chambers of Commerce Scales of Commisions, Consular and Court Fees, Hongkong Stamps Datics, Postal Guido Signal Codes, Chinese Festivals, Tables of Money, Weights and Measures and other Com-. mercial Information.

The CHRONICLE and DIRECTORY though condensed in every possible manner con. tains every year more pages and now numbere nearly 2,000,

It is published at the Office of the "HoNo", KONG DAILY PRzse."

The Directories and Descriptions are of --

Peking

Tientsin

ODINA:

Soochow

Chinkiang

Poltaiko Nanking

Chinwangtao Wahu

Taka

Kewkiong

Astang

Hankey....

Manchurian Yochow Trade Ctree Shansi

Newchwang

Dairen

Port Arthur

Chefoo

Weihaiwe Teinenfa

Mukden

Shanghai Harbin

Ichang

Chungking

Hangchow

Ningpo

Wonchow Santy

Foochow

Canton Whompon Kowloon Lappa

Shamsui Konkmoon

Narning

K'Chaawaa

Pakhoi

Hoihow

Lungchow Mengtse

Hokow

Szemno

Amoy

Tengruch

Kirni

Swatow

Lungkow

Changchan Hunchun

Lungchingchun

JAPAN & FORNGBA.

Tokyo

Yokohama

Onakin Maji

Hyago Kobe

Nagasaki Hakodata

Tainaniu Takow Apping

EASTERN SIBERIA,

Vladivostock

Nicolajovak

. CHOSEN (Korca).

Wonban

Shimonoseki Tamsui

Private Cabina and beds in Dormitorios Motor Launch "Dayspring."

A Good

Medicine

according to one of the 'wise old thinkers of the past, possesses two- Important qualities. It restareih us our health when we lose it" and it "preserveth our health while we have it. Probably no popular médielne possesses these two qualities in greater measure than Bercham's Pills Beecham's Pills "restère» and « also preserve the health. They are excellent to take when the system is run-down and in need of a gentle restorative. Beecham's Piis act upoh and through the organs of digestion-a the regular and harmonious work. ing of which is of the first impor- tance. They speedily correct Irregularities and restore healthy conditions. It has been alnındantly proved that the occasional use of this well-known medicine will go far to maintain the general health in a state of efficiency. Enjoy good health therefore, by taking that" - good medicine--

Beecham's Pills.

BEECHAM'S PILLS are specially -suitable for Females of all ages,

MARTIN'S

APIOL & STEEL Andalen PILES

A French Ready for z

68

"TRANSAKER AF Limón ilesys karp's bosol ilieti in the bowse, ja that on the leg sign at sag gwarity at res hystam i imaży done has be

Kaner Lynzmana mia.

STONE Rugtves Tim Warlit, or post 1990 MARTIN, Giant. SeniaARSMA. 216.

t

MARTIN'S

18 STEEL POOL Sem PILIS

SYRUP

91

Makpe Seoul Shamnipo Fusad

Chinnampo Kunsan Pingrang

Bongchin HONGLONG AND ITA DEFENDENCIAS, Macao,

Handi...

Haiphong

Tonkin

Provinces

GRIMAULT'S

FRENCH INDO-CHINA

Quinhan

Tourane Saigon Cambodge

Annket

Ние

PROLIPPINES.

Manila

Iloilo

Cebu

BORNEO.

Sarawak

Branci British North Borneo

Labuan

BANGKOK

MALAT STATES,

Belanger

Pabang Kodan

Perak

Negri Serabilan Johore Kalantan

Batavis

Trengganu Perlin

STRAITS BETTLEMENTS,

Penang, Malacca, Prov. Wellesley

NETHERLANDS INDIA.

Samainng

Buitenzorg Bourabaya

Padang

Macassar

East Coast of Sumatra: OFFICIUS OF COAST & RIVER STEAMERS,

OF

KYPOPHOSPHITE OF LIME

FORUM FOR

STUBBORN COUGHS

BRONCHITIS

WEAK LUNGS

CATARRH

FARROW'S BANK. HUGE DEBIT BALANCES AGAINST DIRECTORS.

FEBRUARY 22ND, 1991.

THE GAY CITY IN SACKOLOTH TRAGIC SADNESS OF THE POST-WAR PARİS.

[DY, AGNES EUERTON CASTLE.] · On the resumption of the case at 'the Guildhall on January 19th against Farrow,

"li you want a thing done, do it your Crotch and Hart, of Farrow's Bank, Sir Richard Muir described their negotiations self." runs the adage terse and strenuous, with a firm of American financiers, Mesars, as are most aphoriams springing from Norton, Read & Co., for the acquisition Popular experience. of the bank. The negotiations resulted. If you want to know a thing, see it. in Read assuming the managing director for yourself," there is no such proverb,

He immediately the first.

but it is even more pregnant of truth than ship on October 18th. examined, the, books and by November 11th, despite efforts to impede his re- searches, he discovered that the balance sheet was inaccurate, whereupon here signed his position and the agreement was cancelled by Farrow and Crotch, implying a confession that they were guilty.

Could any of us have guested, who have not been there, the sadness of Paris?

I have just spent three days in the once, City of Light, which I had not re- visited since the war. I brought to it memories of streets, gold and blue and like a delicate water-colour, grey. Sir Richard Mair said that one of the thronged with merry, busy people, bril features of the case was the huge debit liant with shops, kaleidoscopie with. balance against some of the Directors. colour and movement. The blue and grey Except in 1908, the bank had done nothing and gold were there-bright, clear, frosty but make losses. The reserve fund of weather, with air intensely vivifying, im £32,0000 shown on the balance-sheet was possible to describe save by the trite com absolutely fictitious. The salaries of the parison, iced wine. To draw it into your officials were paid from depositors' money, lungs seemed in itself a sort of ecstasy. A later message asys-Farrow Bank But there is no ecstasy in Paris; it is a case was resumed to-day. Farrow, Crotch, sad city. and Hart were charged with publishing a false report and balance sheet, and were also specifically charged in respect of the statement that the assets included nearly £2,500,000 representing loans and advances to customers, and £78,000 said to be the value of land in Cambridgeshire belonging to the bank.

ALLEGED THAUDS, BY AUDITORS.

STAMP OF THE ORDEAL.

Its citizens are dressed nearly all in mourning, and even those who are not wear sad-coloured clothes, You see a few élégants in, splendid furs, a certain num- ber of expensive Americans, and here and there, a painted thing with vivid hues, out of place and out of taste, lost and futile as a butterfly in a winter of dark trial. Sir Richard Muir, prosecuting, said that But, taken as a whole, Paris is filled with the gravity of those who have only just Crotch took a very lending part in the left the death chamber. Upon every transactions which were the subject of the countenance you see the stamp of the enquiry Hart was in the audit depart ordeni. Men and women alike have look ment of the bank and took a most im-ed on horror so lòng,, have so long fronted portant part in the manipulation of the the extreme of human suffering, have had accounts for the alleged purpose of so strenuously to brace their souls to meet fraudulently deceiving the public.

personal and public calamity, that they Sir Richard Muir intimated that other have not yet been able to lay off their charges would be added, on which the armour. The eyes still behold, the soul jury would be asked to commit the destill stiffens herself. Franco has agonised, fendants for trial, including a charge of and France cannot, forget. conspiracy to defraud the public."

And life is difficult. The people are

Sir Richard Muir pointed out that a cold, and food is searce. This year, of pamphlet which was distributed to casall years, pestilence fell upon the cattle, tomers and intending customers of the foot and mouth disease ravaged the re- bank inviting the public to open accounts stored herds. Milk is all but unobtain and buy shares depicted the progress of able; even the wealthy have to get a doctor's certificate for a daily pint for the bank as of unbroken prosperity:

Sir Richard Muir stated that a firm of cach child. You wonder how it fares with American financiers, Messrs. Norton, the poor. You see the pinched faces, and Read & Co., in April, 1990, began nego you guess. Sugar, too, seems wanting- tiations with a view to the acquisition of sugar and milk, those two necessary heat. Farrow's Bank. When Mr. Read inform-giving factors for health: and with this. ed Farrow that the balance sheet for fuel shortage. 1910 would be analysed, Farrow remarked that there would be some depreciation to

IMPROVERISHED.

been set up, filled with pitiable gimcrack wares, such as would hardly pass muster even in a country fair; and as if it were indeed a fair, every three hundred yarda, or so some unfortunate arrests the traffic, gathers a ring about him staring, silent people, mournfully to display some feeble acrobatics.

Signs of the struggle for existence meet be written off amounting to about you at every turn. Along the boulevards £100,000 and certainly no more than and nearly all the streets booths have £200,000, Subsequently, Crotch proposed that Mr. Read's firm should provide £500,000 of which £400,000 would, be placed in reserve against any deprecia tion, and £100,000 would be applied to compensating the directors of the bank Crotch said that the auditors insisted each year on writing down assets. They

Paris, indescribably altered, heavy with were very conservative and required a big the memory, of the pust, weighted with the margin for depreciation. Farrow, and Crotch on several occasiona said there burden of present difficulty, hardly able An agreement yet to look to the brightness of the fu- was a hidden resource. was finally signed by Read, Farrow and ture! It is only when arte is there that another director named Wells in July, and one realises how little, with all our own after taking up the first batch of the great share of it, we have really endured," 300,000 shares he agreed to purchase, compared with the French, what it was the noble and beloved dead saved us paying Farrow £5,000 as part compensa from at the cost of the supreme sacrifice. tion, Mr. Read was elected managing- director on October 18th and immediate. ly started to investigate the books of the bank. Great difficulty was experienced in gaining access to private ledgers," Hart and Wells objecting to this, but by November 11th the investigation revealed the fact that the financial position of the bank was entirely different from what Crotch and the balance sheet represented. After an independent accountant, Mr. Morgan, hnd examined the books, Read told Crotch that the bank was hopelessly insolvent and the balance sheet mire presented the true position. Crotch ad- mitted this was true, but Farrow denied PHILANTHROPISTS" DINNER

In contrast with London, Paris is as town still in a state of siege. England never knew the foot of the enemy on her soil, she never saw the town invaded, the home burn, never heard the ring of the conqueror's heel on her own pavement, ever saw her youth, her girls and her boys, driven forth like cattle to toil for the aggressor.

We ought all to bear a heart towards. France very full of sympathy and forbear- apce.-Express.

£200 FOR A SHILLING MEAL."

it and.declared the bank could be saved. Another accountant of high standing who was consulted, agreed that the bank waS insolvent, whereupon Read resigned the

A thousand wealthy New Yorkers at directorship and the agreement was can-tended a dinner at the Hotel Commodore, celled by Farrow and Crotch, implying New York, recently, and paid £200 a cover a confession that they were guilty of pub- for a meal costing obne shilling to serve lishing a false and fraudulent balance in order to swell the funds being raised sheet. Mr. Read expressed the opinion in the country for the relief of the stary that Crotch and Farrow thought that once ing children of Eastern and Central he was inmeshed in the fraudulent busi-Europe. The receipts for the evening ness he would produce the funds necessary approximated £500,000, bringing the total to save them from exposure..........

collected so far throughout the States to Sir Richard Muir said that Crotch was about £2,700,000, or one-third of the fall obviously a leading if not the leading amount desired. With Mr. "Herbert spirit in the bank.

Hoover playing the host, assisted by Gen. DEFICIENCY NEARLY £3,000,000,- Pershing, the guests, in evening attire, Mr. Morgan estimated the deficiency at were sented on camp chairs at rough £2,800,000. One of the features was the uncovered board tables, which contrasted hugs debit balance against the names of strikingly with the beautiful mural de some of the directors. Apparently Cratch corations of the hotel's grand ball-room. owed the bank between £180,000 and In a distant corner were several field £200,000. Mr. Morgan concluded that the kitchens, attended by Red Cross nurses, asseta had been inflated to conceal the from which these ladies sparingly ladled losses and were left on the banks as good out meagre rations of rice, thin bread assets. Hart, who was not a qualified and butter, and thick cocon-typical accountant, both kept and audited the dishes served to destitute children. While the wealthy guests" sampled the meal Reviewing the history of the bank Eir placed befors them on tin platters, the Richard Mair said that except in 1009, the cinema depicted youngsters of Europe

books.

Electolite

BRITAIN'S LATEST LIGHT AND POWER PLANT ELECTOLITE runs on Paraffin.

Patent Vaporiser affords excellent fuel economy.

Detachable Cylinder Head afforda MAXIMUM Accessibility, Water-cooling is superior to air cooling, particularly in hot climates. 4-Stroke Engine, NOT 2-Stroke, 1500 Watts continuous capacity, which is twice the output of many plants coating moerly as much. ELECTOLITE 50 volts when light. ing, 70 volts when charging. Beware of 30-volt plant, for which accessories such as lamps or domestic appliance

are often difficult or impoedble to obtain.

Engine stops automatically Hlabricating' cil is not replenished when indicated," Mechanically governed and developa 3 h.p. at pulley.

Small electric motors can be run distant from the generator.

A touch of a switch and the Plant It above starts without cranking. automatically when batteries ar completely charged.

The meter indicates when recharging becomes necessary.

ELECTOLITE is really fool-proof.. Why bother with the filling and cleaning of eviland dangerous oil lamps, when the same oil used in ELECTOLITE enables you to switch on up-to-date electric lampa that require no attention and to use household appliances that save time and labour? Write ca-day for further information, etve approximate, sumber of Ights required, and machiner to be used if any and our Engineers will give the necessary advice regarding your Installation for ELECTOLITE Electric Service.

Boulton & Paul.

NORWICH

ENGLAND

Agencies for selling this Lighting and Power Plant in "certain, territories are being considered. Applications invited,

(TRADE MARK)

APSDRY

FOR MOTOR HOODS

Send your enquiries for ALL MOTOR BODY FITTINGS

&write for Pattern Books & Lists.

CABLE SLAPJACK, LONDON, GEO. JOHNSTON

CODE BENTLEY... 173-5-7 SHAFTESBURY AVENUE..

I. P. TANKS AGENT C/ 0.1.0. LONDON, ENGLAND..

BOMBAY

Asal Beer

SPECIALLY BREWED FOR EXPORT

DAI NIPPON BREWERY COMPANY,

LIMITED. TOKYO, JAPAN

BOLE AGENTS:

“MITSUI BUSSAN KAISHA, LTD

HONGKONG.

.476

bank had done nothing except make losses partaking of a meal in earnest. At the PRINCE LINE FAR EAST SERVICE

Regular Sailings to Boston and/or New York by fast

totalling over £1,000,000, quite apart from centre, of the speakers' table, leaving a any depreciation in the value of securi- gap between Mr. Hoover and General ties, which was very heavy. The bank Pershing, there was a tiny empty chair re- paid interest and dividends out of capital presenting the seat of an invisible sums standing to the credit of depositors guest and symbolical of 200,000 other and customers. The bank dealt with land invisible guests for whom the generosity in Cambridgeshire absolutely fraudulent of those present would provide food until freight steamera CONSUMPTION ly. A company called the Dreadnought the next harvest. Mr. Hoover and General Cement Company was formed, in connee Pershing made forceful appeals, and con- tion with which £150,000 was supposed to tasted the luxury of America with the be owing to the bank, but not a penny position of the poverty-stricken nations of of this debt was shown on the books Europe.

"ACERICKM - MOKHILA: MEN SHA

THERAPION NO. 1 THERAPION NⱭ.2 THERAPION N03

Erin Deserunt,” Iv. 3 127 Chemde MatkWRONG. BOLD BY LEADING

of the Company. The Reserve Fund of £69,000: shown on the balance sheet was

(via Suez or Panama)

For NEW YORK

and full particulars apply to

The sale of Farrow's furniture realised £1,200.

Telephone 8165. Telegrams

FURNESS, (FAR EAST) LIMITED,

t. George's Bonding

absolutely "Gictitious. It did not appear as one of the assets of the bank: There even in the books of the bank. The were large sums outstanding to his debit, salaries of the officials were paid from which were obviously bad debts. depositors' money. Farrow had a salary

The case was adjourned until January

of £1,500 a year and he drew three years roth. salary in advance, which sum was shown (Continued at foot of next column.)