1921-11-22 — Page 2

Page

THE HONGKONG DAILY PRESS, TUESDAY, NOVEMBER JAND, 1981.

THORNYCROFT

JOHN I THORNYOBOFT • 00, LIMITED.

LONDON, SOUTHAMPION AND BASINOSTOM

Shanghai Office: 10, Kiukiang Road.

15 B.H.P. 30 B.H.P. 50 B.H.P. Engines in Stock

For quotation apply-

SHAPE 25

SUMMIT COLLARS

in Quarter Sizes

OBTAINABLE

-PROM

LANE

CRAWFORD

& CO.

HONGKONG

CIGAR

ETORE

SHANGHAI OFFICE.

For Evening Wear

Shirts

In all

the

Newest

Stlif and Soft fronts Waistcoats

White Cotton and Silk

Ties

to tle or made up

Styles Socks-

Black Slik or Cashmere

Pumps

or Patent Leather Shoes

MACKINTOSH & Co., Ltd. Men's Wear Specialists

THE BANQUE INDUSTRIELLE THE PRODUCE EXCHANGES WRECK OF "FUKUI-MARU" RUN ON CHINESE OFFICIAL

DE CHINE.

LEGAL PROCEEDINGS FOR INFRINGE. MENT OF COMPANY LAW,

"

OF SHANGHAI.

The monthly report of the Commis- sioner of Police of Shanghai, appearing, in Municipal Gasette contains some re markably interesting comments on the nia for exchanges which is causing all the business world so much anxiety He tells us that the movement really

of Chinese with the idea of founding a rice exchange. The idea, caught on aur prisingly and exchances of all kinds sprang up.

Fortunes which were said to be made

to.

IN MID-PACIFIC. DETAILS OF DISASTER AND RESCUE OF CREW BY

WEST IVAN,"

"The Empress of Japan picked up by the Waterhouse steamer West Tous message sent out for the Associated Press

giving details of the wreck in mid-Pacific of the Fukui-maru (owned by the Uchida Kisen Kaisha and chartered by the Yamn shita Kisen Kaisha). The Canadian Pacific Steamship Co. forwarded the message to the Anierican Trading Co. at Yokohama. The message reads:-

The West Ivan was close to hand, and

BANKS. CIRCULATION OF SUSPICIOUS REPORTS

A Piking nasuge, dated Novabiber 16th states:-

day afternoon, created a

Sensational ruinours, elculated yester run on the Bank of China padi Communications, which is continued to day. Notes it: the value of several lakhs weer presented and piid yesterday afternoon, the Banks keep- ing open lang after the closing botr in order to meet the demands. The Banks are still cashing notes which are being presented principally by small bollers Lash-shops in many instances have been forced to suspend payment owing to their running out of silver, but as the Banks are still paying out the market has re mained steady and the situation is not considered to be serious.

A S

deceived by false rumours.

While the origin of the rumours bas not been definitely ascertained, were deliberately circulated by a cer ploton is entertained that these reports tain politician who recently left the Cabinet,”

7

GERMANY AND EASTERN SHIPPING.

Priore the

forced her engine at maximum speed towards the disabled ship, but was handi- capped on account of a head, wind and acus, and a blinding snowstorm. Even tually the crow's-nest sighted the steamer and the crew were placed at the lifebout stations in readiness to launch the boats. The Fukui-maru was in a very bad condi- tion, with heavy list, the starboard bridge was gone and ragged holes in the bow, while the vessel was shipping seas fore Flag iguals stating that the

British and German shipping interests, and aft.. ship must be abandoned at once were used. says n home paper, are uniting to deal The Commissioner urges that it is They Attempted to launch two boats on the with Far Eastern trade.

war an agreement existed between ship- almost imperative that action should be lee-side, but unsuccessfully. Finally one

was launched on the weather-side. Dur-ping companies of the two countries, o taken asoon as possible to bring thessing the launching one man went which prevented competition in Eastern establishments under control and there board but was hauled back with a rope. weters and led to cancerted action there The conference, which includes the P. & appears to be no better way of doing Two other lifeboats were launched, but this than that of furnishing them with were in bad shape, and the crew were very O., Holt's Ellerman and Bucknall lines, licence to which safeguards in the shape much excited. It took one hour and has now concluded negotiations with the of conditions can be attached. This plan twenty-eight minutes to launch the boats.

Hamburg-American and the "North Ger has been adopted in the French Conces With heavy seas running and the wind sion, which is a very strong argument in increasing the Fukui-maru was aflont rates may be mutually arranged and ser mau Lloydd companies, whereby freight favour of applying it on this side of the when the feat from left, but no doubt vices resumed in the Far East, as was Yangkingpang."

anak quickly in the storm, as the hatch was. done by Great Britain and Germany in open and the wheat in the lower holds pre-war days. would expand and barst the ship when it got wet. The crew were all rescued and are being conveyed to Yokohama by the West Ivan...

over.

In consequence of the numerous suits lodged against the Banque Industrielle de Chine, tue Parquet of the Seine has decided to institute proceedings against bi-Andre-Berthelot, president-of-the- Council of Administration of the Banque began with the trouble over the licensing Industrielle de Chine, and M. Fernotte, of rice shops, which inspired a number director and former administrator of the bank. for infringement of the company law. Allegations are made that, in spite of their knowledge that the concern was in a state of insolvency, the directors The speculation manja took deep The Jutui-meru encountered a gale on Issued

large amount of fresh capital, and persons, who, in their set the twenty-sixth, in which the suas car

mumenie, would never have consented to and by misrepresenting the actual aitun part with their cash unless it was for ried away her forward part and also, the tion of the bank induced larger numbers soine safe and profitable investment, were bridge. The ship began taking water very of persons to subscribe for shares, which attracted by the glamour of the large fast, and ineffective repairs of a canvas were issued at a heavy premium. The in-

Not a few families were ruin- blanket and lumber were made.

On the quiry has been placed in the hands ofed, and cases of suicide and attempted twenty-seventh the collision bulkhead gave suicide. occurred. The situation, present. A, Richaud, one of the Paris investigated a strong temptation to employes in way, and water began pouring into No. The Bankers Association is supporting They started discharging deck the harassed banks and intends to with ing magistrates.

positions of trust to make their fortunes 1 hold." The accountancy expert's report, on the by what appeared to them to be a fer load, but were unable to use No. 1 bilge draw its reserves from the foreign banks basis of which the inquiry was ordered, loan of their employers money. Num with whant. The engine-room was leaking sentatives of all the banks in the simple transactions with the temporary pump on account of it being stopped up if necessary. A special meeting of repres states that there were no fictitious divid-bers of employés absconded from Sen the starboard side, and the ship took Association is being held this afterven ends distributed. The profits earned in hai after having embezzled sums

money, more or less large, which they a heavy list. The generator room was with a view to discussing the sitcation. 1919 made it legal to distribute à divid had lost in speculation. A rough esti- flooded, and the wireless operating atop while the police and gendarmerice are post- end. Some irregularities have taken mate of the total amount of money thus place as far as the increase of capital is reported places the figures well over ped. An attempt was made to reach Dutching fotices urging the people, not

$1,000,000. in addition, men who had Harbour, but the distance was too great. concerned. Several customers of the hitherto been respected for their integrity bank have subscribed new shares against and regarded as being strong financially advances made by the bank on their carances and disappeared Froin Shanghai severed connection with their acquaint- rent account. The French Company Act after incurring liabilities which they designates this "a-feritious-increase of were unable meet. The Chinese Bankers Association, realizing, as cor capital. These irregular subscriptions ployers, the seriousness of the situ- amount to Frs, 500.000. The late manag.ation, held a meeting on September 3rd, the outcome of which was the issu- ers, however, replaced this sum on Oct. ing of a circular notice to its members 19th. The allegation of "abuse of con requesting them to prohibit their em- or fidence has been brought about by the Hayes from dabbling in exchange

having anything at all to do with brok fact that several sight deposits have not era". been paid to their owners, in tonsequence of the suspension of payments.

The Chinese authorities are said to be showing reluctance, owing to expert advice; to proceed with the raising in France of the Chinese Industrial Loan of Frs. 500,000,000, or thereabouts for the reconstruction of the Industrial Bank of China. It is understood that M. de Flenrian, French Minister to China, has received instructions from his Govern ment to give strong diplomatic support to the Banque de Paris et des Pays "Bar in its negotiations with "the Peking authorities for the refloating of the bank. The French negotiators are asking the Chinese Government to give certain de TABAQUERIA £nite guarantees for the payment of pri- cipal and interest of the proposed loan, but according to the reparts prevalent ia well-informed quarters in Paris on Chinese matters it is upon this very peint that the negotiations are now hang- ing fire. It is confidently anticipated, revertheless, that the matter will be THE NAVY'S DEMAND FOR MONEY. definitely settled within the next few

Mr. R. MacDonald Suter, of the Kent weeks. Mr. Alfred Oulman, editor of

It seems, says 'a Chinese News Agency,

County Club, Folkestone, writes:-1 Petit Bleu says the French authorities that owing to the existing Guancial hard.vided an interesting spectacle for those cm a British planter. Early last year. I stipulate that the proceeds of the loanship, every. Government organ, in the whose trade is of the sea. shall be employed in France for the purchplial is writing about the revenues of

went out to British North Borneo 23 It is well-known that afficers command- general manager, representing very large material, whereas the

The STORE Chinese Government does not want war the various Government-controlled railing H. M. ships are, suve in exceptional British and American interests.

The latest development is a recircumstances, their own pilots, and the Government in British North Borneo are material, but locomotives and rolling quest from the Ministry of the Navy. in intrepid fashion with which H.M.. most careful that all labour, both locul stock.

a memorial to the President, Admiral Li Huwkins, lying head up-stream, was turn and imported, receives proper treatment, "According to the Agence Economique et Ting-hsin says that on

account of the ed round at high water constituted aand a most serious view is taken by the Financiere, M. Finaly, the general man recent naval operations against the Sze-record feat of navigation on the upper Government in any case where a native This was the labourer has received bad treatment. Eger of the Banque de Paris et des Pays chuan, and the Hunan azmed furces at reachee of the Huangpu. Bas, has written to the Finance Minister chang and Yochow, the warships are in opinion expressed by an expert onlooker. Young assistants and overseers know to inform him that he finds himself bound urgent need of repairs, and fresh supplies high tide. Only the observant among treatment of labour. I sat in the upper The river was in its usual crowded state what to expect in the event of their mal- A.IS. WATSON,

to give up the attempt to float the of ammunition are required for meeting the busy throng on the Bund noticed that and lower courts Banque Industrielle de Chine. The future emergencies in the

and listened to &CO., LTD. Journal thinks it is in a position to state Valley in view of the rumoured south Socchow "Creek, was slowly moving up trivial, and I have nothing but admira- Yangtaze the longest ship that has ever passed the many cases, some important and some this decision is caused by the fact that expedition to the Yangtze Provinces stream. When she had passed the Time Chins, contrary to her first intentione, Hunan. The sum of at least, one and Ball, a number of people began to take tion for the manner in which these courts will not now contribute to the flotation.

a half million dollars will be required as interest in the proceedings. Beyond the conducted. There is trial by jury: immediately for these purposes. As the the line of buoys the vessel hove to and Last year i heard a case in the High treasury of the Naval Ministry is empty awaited the turn of the tide. After twice Court in Sandakan, when a white man and there is no other source of funds at anchoring and once heading apparently got twelve months for an offence against the moment, it is suggested that the disastrously near the Pootung bank, she labour. This sentence was severe, and 1 Government, in view of the importance glided gracefully into line with the shore, of the requisition, should instruct the her bows towards the sea. Directors of the Peking-Mukden, he The whole operation was performed Peking Hankow, the Ticatsin-Pukow, and without the aid of tuga, a fact which In a leading article "the Morning Post the Peking-Shuiyuan Railways to jointly caused a good deal of surprise and ed. remarks that it is natural and inevitable subscribe one and half million dollars by miration to the nautically inclined. On that Japan, seeking land and food for instalments. In conclusion, the Ministry the question as to the practical possibility be people should contemplate the Bays that unless the funds requirat are for bringing the Empress liners de tar up vacant spaces of Australia, the consts of forthcoming, Vice Admiral Chiang Taeng river opinion is divided. At high water the United States, the Philippine Islands, and the Captains of the various men-of one of these ships could evidently be Navigation d'Extrême Orient. in their The Compagnie de Commerce and do and the Provinces of "Manchuria. This war have declared that they cannot and turned round, but the operation would report dated Saigon, November 8th, has drawn a letter from Eir Ernest Bick will not accept any responsibility in case prore more difficult than in the case of state- ham Scott, late Governor of Fiji and hostilities break out and the services of the Hawkina. The man of war, although High Commissioner and Consul-General the "Navy are required by the Peking longer than one of the two big Empress last advice. The market is exceedingly There is no change to report since our for the Western Pacific, who says it would Government.

liners, draws less water, which was a calm, Frices, however, have not declined. helpful factor in the process of turning much as there are many contracts to her round yesterday. Other technical fulfil up to the end of the year. difficulties might be more easily got over. The total amount of rice exported from January 1st to October 25th is 1,210,045 toni against 797,853- in 1020.

16, DES VŒUX ROAD. Telephone 29.

ICCADILL

VIRGINIA CIGARETTES

HAND

FILIPINA.

ANGLO-

EGYPTIAN

TOBACCO

AND

ROME 1918

MESSES.

ALEXANDER BOGUSLAVSKYĽ

55 PICCADILLY W

ALSO

TURES"

AND

VIRGINIA DE LUXE

(WORLD THEATRE

PHONE

PHONE. 1337

Hongkong's Most Modern Picture Palace. Entirely Under British Management.

COMMENCING TO-DAY for 3 days only.

5.15 & 9.15 pm. Performances. The World's Heavyweight Championship Contest"

between

935

DEMPSEY and CARPENTIER

**

THE GREAT BATTLE, A GAME CHALLENGER,

A. MAGNIFICIENT FIGHT and FRIENDLY RIVALS. 5 REELS of TERRIFIC ACTION. USUAL PRICES.

2.30 & 7.15 p.m.

EDDIE_POLLO in KING of CIRCUS, 10 &

Epi

Booking at MessIT, MEHTA & Co.

-Hongkong-Hotel-Boildfögs (TeL:051)

[1168

chaen of war

JAPAN AND AUSTRALIA, AN OUTLET IN THE WESTERN

PACIFICU

be to the advantage of Fiji and Japan it suitable and satisfactory arrangements

The N.-C. Daily News states that the Council is giving this master its very serious attention and action may be ex The question, is whether such pected. licences can be enforced without a special meeting of ratepayers. And there's the rub

CHINESE GOVERNMENTS "NEED OF MONEY.

ways.

#

DR. SUN YAT SEN,

A CLEVER NAVAL FEAT.

TURNING H.M.S. "HAWKINS”” IN THE HUANGPU WITHOUT TUGS."

The NC, Daily Naws of the 18th inst- says:

The prosaic Huangpu yesterday pro

The Rotterdam Lloyd and Nederland Steamship Cos. have entered a community of interests with German and Australian lines to run a joint ten days service to the East Indies:

BRITISH NORTH BORNEO,

A DEFENCE OF THE ADMINISTRATION,

mention it to prove how little mercy is shown by the Government of British North Borneo to anyone who deals "ua fairly with native labour.?

BAIGON EICE MARKER

.....

A LOAN, OR A GIFT, FROM No. a sifted, Japan quality, Hongkong, We quote to-day: White Saigon rice, 86-88 per picul, fo.b. Saigon, for Decem- ber.. shipment.

MACAO.

A dinner was given by the members of the Shanghai Lusitano Club laas week in honour of Mr. Casanova, the Portuguese Consul General, and Mr. J. Nolasco, in recognition of the work they did at Macso

could be made for enlisting the services GENERAL WU PEI FU ON of Japanese labourers in cultivating some of the rich land in Fiji, which, so far, owing to want of labour, has remain- od untouched by the plough, and it is "A NOISY CANNON WITHOUT possible that in other groups of islands

A SHOT." now under the control of the High Com-: missioner for the Western Pacile room

General Wu Pei-fu reports that there is could be found for Japanese settlers. I no truth in the rumour that Liu Hsiang, hesitate, he continues, to suggest that any Commander-in-Chief of the Szechuan part of Australia should be opened to army, is plotting to attack. Lehang again,

FIEUZAL GLASSES. emigrants from Japan, but there is no nur that the Southern troops, under the in connection with the loan of $200.000. Gat of doors there is nothing so restful gainsaying the fact the truth of which command of the notorious General Li A report says: Over 100 members eat at and comfortable for the eyes as the light is impressing itself on many Australian Lien-chun, former Tuchun of Kiangai, has daintily and artistically decorated by Fr. reflected from green fields and trees, the

the U shaped table which was most statemen-that no permanent develop-occupied the frontier city of Hengchow, ment of the Northern Territory of Aus In his despatch, General Wu compares E. L. Ozorio, ably assisted by Mr. J. absorption of the ultra-violet and orange tralia can take place if the country is not Dr. Sun Yat-sen to a noisy big gun or decorations were allegorical and designed rays by the chlorophyll of the leaves;

M. Marques. The menu and the wall thrown open to others than Europeans, cannon which continue to make all sorte That sooner or later Japan must obtain of noises withing fring a real shot. For the same gentlemen and well executed hence the introduction of Fisuzal Glass, some further outlet for her surplus po the purpose of making preparations by Mr. Marques and Mr. C. A. Pereira palation has been recognised for some against any possible attack puratione Every one must be congratulated on the yellowish green in colour, which is pro- time by her Government. If Great Britain Canton Administration against Hunan,

perfect arrangement. After dinner stir duced in several shades, and lenses made were to point the way for such outlet be is discussing ways and means, with 1 J: de Souza, and the Vice-Presi of this may be worn sa a protection by

ring speeches were made by the Presiden, and were to lend its assistance in carry the Military and Civil Governors of dent, Mr. C. E. J. Ozorio, who toasted the over-sensitive oyos where it is desirable ing out any wall-considered scheme of Hupeh about the situation in the Central Consul, Mr. Botelho, the Vice-consul, and to tone down excessive light and ginre. Japanese emigration not only would the Yangteze. Regarding the cituation in Mr Nolasco, who suitably replied. Mr.

a sadamas lapa aA JAMES

ties which bind Great Britain and Japan Hanan, General Wa rather doubts the. J. de Sanza, chairman of the Shanghai Fieuzal lenses of any prescription in be strengthened, but waste places in the sincerity of General Chao Heu-ti towards Lusitano Club has received a letter from either regular or Torie forms are manu- Western Pacific, for which Great Britain Peking, but he adds that there should His Excellency the Governor of Macao is now responsible, would soon share in be no anxiety about him because he has the prosperity which has followed the already made military arrangements at condition of Macao HExcellency would succoser to Clerk & Co., Manufacturing to the effect that subject to the financial factured by the Hongkong Optical Co., work of Japanese labourers in the Hawait Tochow for meeting any future emergen Islands,

recommend that the sum of $200,000 bo and Refracting Opticians, 63, Queen's treated as a gift from the Colony,

Boad Central-ADVE

[582

cies.

}