1921-10-01 — Page 2

Page

THE HONGKONG DAILY PRESS, SATURDAY, OCTOBER ler, 1921,

THORNYCROFT

JOHN L THORNYOROFT & CO., LIMITED,

SKIPSUILDERS AND ENGINxIKA,

LONDON, SOFTRAMPTON AND BASINGSTOKE,

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198

IFILIPINA

WRITING OFF GOODWILL,

THE SALVATION ARMY'S "OPERATIONS." GENERAL YANG I-TEÏ'S FEARS.

The figures representing the valud placed upon the goodwill of a bustness is much discussed and frequently much

A memorandum from General Yang criticised item in the balance sheet. We I-teh to the Provincial Civil Governor have beard it contended insamuch as it is for submission to the Ministries of In- possible by & too sanguine but hocest terior and Foreign Affairs, published on estimate of the worth of this asset, for an the 7th inst., is to the following effect.

Whereas foreign preaching in the impression to be conveyed of a company's

various provided in the financial position as erroneous as if the Interior has been accounts has been cooked" that the treaties, and while it is the explicit duty Companies Act should contain a clause of the Police Administration to preserve I order, this Administration has laying down some broad principle on peace and which goodwill should be calculated. never failed to extend protection towards Conditions vary so much as between them. Missionaries such as from the different trades and different firms that Catholic Church, Protestant and Chris- that suggestion may be impracticable, tian Missions have all enjoyed such pro- but however this may be desirability utfection as is stipulated in the treaties.

"But in the recent years there bas adopting some more uniform practice than that which now obtains is sell appeared what is known as the Salvation evident. In this connection it would be Army, professing by name to be a roli an advantage it a recently published book gious institution for preaching, though closer examination, being organized un Commercial Goodwill," by Mr. entirely upon a military basis 1., Leaks, were in the bands of all Gopers, Colonels, "Captains. Lieutenante The writer's and Commissioners. They are always in directors and secretaries." Arguments tend to the conclusion that uniforms and speak in the open air, goodwill commonly diminishes in val gathering around them growits of idle so that the goodwill of a business boux people, As to what religion they profess ten or twenty years age is not the same to teach and the ends to which they are it then was. A new value may have worst is forbidden by the law for the

they have never so far avowed. been created, but the d one has g

lost.

on

with

He strongly favours the wring common people to onase disturbance off of goodwill with all possible speed.under pretext of an existing army, this In a review of the book in Sperlin's institution which is expressly organised military basis is not to be con- Journal Mr. Hartley

And besides, there is

Enancial authority, amines the bithors sidered as legal conclusions very careful's, and agrees not another mission that is known as an tone, there is only one condition upon A Tientsin where are decent people which goodwill has the fight to appear BB well as indecent folks, trouble has to as an actual asset when it represents be expected always if people who were the value of the company s present earn meddlesome, observing bow the Salvation ing power and the price it might obtain Army was exempted from the law and for its goodwill if it choose to sell." But copying their ways of lawlessness, And in he adds that com the practical point them a pricadent for unbounded liberty, of view, and a matt of experience when supressed by the Police Adminis from this wir night follow be no doubt of te wisdom of the policy none can'

The Consmissioner, being responsible of writing down all asses to old iron value, and conso uently of eliminating for peace an order, is not in the position He has goodwill altogefa er from the balance to ignore si a serious case. sheet." It will be admitted, however, that the persistenc of the fem frequently has this value; it enable a sound and old established cofcern which has tempo rarily fallen on can times to give

of the effects of rood finance, there can trano predict

called a corference and had a thorough discussion the Chiefs of Police Dis- tricts and Carks of Police Sections, who wore unaniran in taking the view that if it were tambition of the Salvation to pach their religion, then it In no wise should they be distinguished s an Army, merely for

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better--and Dil the 18s condidite tangible ought to have been known as a certain A WONDERFUL COMBINATION OF GENIUS.

and immediately alisable assets only Hul or Tang were shown.-Ez..

MESOPOTAMIA RISING. HOW OUR POSITION AT BAGDAD

WAS ENDANGERED.

trouble. This memorandum has coming accordingly been drawn up submis

for sion to the Ministries of Interior and Foreign Airs, to negotiate with

Mister in Peking so that the

Britian Army" might be induced to cancel its General Colonels, Captains, Lieutenants and Cammisionera, giving up at the Then there img, their uniforms would be a cessation of divergence be.

fact

and of infinite and name able.

In this connection this request is

Bame

Despatches published in a applement to The London Gazelte last month, deal- ing with military operations in Meso- potamia, up to October eat, show that the in that country at one period

Following Turist highly dangerous. intrigues in the Mosul Are Bttacks were .on the Bagdad-Mosul lines of com- munications, and General Haldane ex- presses the belief that these were part of

tribal, rendered our position at Bagdad dressed for consideration."

concerted scheme to subvert our authority in the Mosul province. Nightly meetings were held in secret in Mosul it self, and efforts were made to arouse the religious fanaticism of the neighbouring

tribea.

GREAT OILFIELD DISCOVERED

EXPLORERS HARDSHIPS."

On the Ame

Mr. Cornelius Fanderbilt, jun., tele graphed to the New York Times from. Victoria, British Columbia, on July 2nd, reporting the adventurous and plucky story of Howard Colley, of Dawson, It is believed the agitators hoped to Yukon, who, with three other men, are bring about a simultaneous rising which credited with finding a greater oilfeld 960 would have led to the assassination of all miles east of Yukon and 2,000 miles north Christians Bappily those attacks were of Victoria, containing the highest grade Colley all repulsed, but a reverse to s British oil prospectors have even acen column in the following month, when the told Mr. Vanderbilt that the area of the

is now and Manchesters lost heavily, increased field, which

guarded by the gravity of an already serious situs mounted police, is 100 by six miles. I tion. All the tribes in the vicinity of is the largest field Hillah at once rose, as well as others, and rican Continent. Coal and shale also the safety of Bagdad concern to General F a matter of abound. Colley came back to Victoria The city's after journey of seven months into the defences were strengtened and block North, and will report at Ottawa that houses constructed, measures which had marked effect on the demeanour of the he and his companions endured many inhabitants. The subsequent operations hardships, and for six days lived on the which eventually resulted in the quelling flesh of dogs. Colley reports that the oil was not freezing when the thermometer of the risings were reported at the time,

Ho but it is now revealed by General Haldane registered 88deg. below zero at midday, that the concentration of his troops at and ram as thin na boiling water. Hillah was an operation on the successful describes the noise of the breaking up issue of which he felt our tenure of of the ice in the spring as worse than Mesopotamia, and with it our: position in the firing of thousands of guns at the North-West Persia, hung.

front. His party staked 10,240 acres for a group of prominent business men they represented, and surveyed the great field described by the Canadian Government. Before the party left the new El Dorado a stampede towards the Beld" is com mencing-Daily Tätgraph.

MOPLAH BISING.

125 AGAINST 4,000. Further details about the Pookkottur fight show that early on the morning on

THE ECONOMIC" COMMITTEE. the 20th August about 125 men (Police reserves and Leinsters) under the Com- Sir Eric Geddes Committee of Busi mand of Capt. MacEnroy proceeded from nessmen began work, on August 28th, West Hill in motor cars and lorries to meeting at Loni Inchcape's residence, Ballantrae. TABAQUERIA wards Malappuram. On reaching mile" Glenspp Castle," near

20 (Pookkottur) a large body of Moplahs, Their task is to devise method of previously reported as numbering 4,000, saving £60,000,000 next year in addition armed with swords, guns and war knives to cute of £70,000,000, tentatively pro- concealed in the adjoining paddy fields mised by various departments and trenches, surprised the detachment purpose a mess of information has been with a sudden fusillade from behind which prepared by treasury officials and sum. lasted for some time. Our mon traced their position and opened fire immediate ily, with the result that the mob made

frantic rush at thein with knives, etc. While the ght was going on some Mopiah mipers were firing sharply from the neigh bouring trees, houses and paddy fields, while some of them stretched themselves on the ground and fired at our men, This contioned for some time after which THE OLD STYLE OF CEMENT

JEND

Anglo

Egyptian

they rushed forward in spite of a terrible

fire and there was a hand to hand fight

For this

mitted to members to the Committes, who will hold a series of meetings in Scotland during the text six weeks returning to Londoa in October to continue the work. They hope to report to the Premier before Christmas.

BIFOCALS

died. Some bours later Private Tourney with their disfiguring and annoying dividing and Private Kennedy appear to have been line has been supplanted by a new lens with two shot by a sniper from tree near the

Tobacco

in which Mr. Lancaster was wounded and

HAND

Stóra

55 PICCADILLY W

Store

ALEXANDER BOGUSLÁVSKYL

ALSO

TURFS

AND

VIRGINIA DE LUXE

scene of lighting. Captain MacLaroy foci called Kryptok invisible bifocal lens. acted most gallantly and seems to have The upper portion of the glass for distance and shot some snipern himself. The situation

was then quieted and the detachment the lower for reading, ground from one single moved towards Malapuram. Obstacles piece of glass. The Hongkong Optical Co., had been thrown on the roads by Telling Successors to Clark & Co., Refracting & Mara. an avenue of trees and placing huge facturing Opticians--the most competent. houlders. Besides the three killed there.

were seven wounded including Lients. optical manufacturing establishment" in the Macgonnigal and Horaat Montague. A Colony-located in 53, Queen's Road, Central, number of guns, swords and war knives manufacture this kind of invisible bifocal lense were captured from the Moplaha about

on all prescriptions in either regular or Torie 400 of whom were shot dead. Thé áght

forma-ADVI. lasted for about five hour

STAGING and MARVELLOUS

CINEMATOGRAPHY.

thrilling,

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FINAL EPISODE of VANISHING TRAILS.

DE. H. T. HODGKIN, M.B., M.A.

Wednesday, Oct. 5th, 1921

WILL ADDRESS · MEETINGS

As Under

THE NEW WORLD". City Hall, 5:50 Chairman :—H. E. LT. GY: ZRAL BIE G. M. KIRKPATROL, K.C.B., KCSL

'THE WAY & HOPE", City Hall, 5,30

。 pi Friday, Oct. 7th, 1981,

Chairman -DE. CLACH SETEAN, C.M.G.

Spaday, Oct. 9th **THE SALVAGING of CIVILIZATION”, Theatrs, 9.15 p.m.. Chairman-H. E. THE GOYIZNUZ.

Tuesday 11th "THE REAL WORLD", Helena May Institute, 6.80 p

Chairman :-Coxon W. Bo22-SKITA, C.B.E. *Meetings will hat not do than one Bour. Questions invited.

AGENTS

CORONA

The Buonal Writing Machine

ALEX. ROSS & CO.

25, DES VOEUX ROAD CENTRAL