1922-10-11 — Page 7

A delicate flavour

is added to stewed or tinned fruits when served with a delicious custard, so easily prepared with good, sweet milk and

Brown & Polson's Custard Powder

Wholesome, economical and of

absolute purity, its

merits are widely

appreciated.

Packed in tins, each containing 1-lb. net.

Folso

CUSTARD POWDER

Made in Scotland, of the best ingredients only; by Brown & Polson, Ltd., the firm with over 65 years reputation for excellence.

As reliable as Brown & Pelson's Corn Flour.

Safety First!!

the Slogan of the Motorist.

THE HONGKONG DAILY "PRESS, WEDNESDAY, OCTOBER 11TH 1922.

DRAGON MOTOR CAR CO, LTD.

"

Offer for your Consideration seven "safety first" reasons why you should store your Car with them.

33

NEW REINFORCED CONCRETE GARAGE COMMODIOUS STORAGE FACILITIES PERFECTLY EQUIPPED REPAIR SHOP EXPERIENCED MECHANICS

CAREFUL EUROPEAN SUPERVISION HONEST WORKMANSHIP

NO SUBSTITUTION OF PARTS

Dragon Motor Car Co., Ltd.,

HONGKONG and KOWLOON..

Phones: Head Office, C. 482 & 3562; Service Station, C. 8960.

HORLICK'S MALTED MILK

Drink HORLICKS MALTED MILK Whether a biky or "grow mp" the health-giving propertice a HORLICK'S. the FOOD-DRINK

ara pst into operation digòl away.

The Wood bezones porified, and then brain

and body trì nourished” and “tasai-in. “

na Saturn istandad ky por land,

,,

Bánd is so inment by tún nádition

a little water, hoi ne cold.

Of și Chazzista sad Storm

„BORLICK'S MALTED, MILK.CO. BLOUGH, BUCKS., ENG

WALLACE FARLEY;

Tri-BUND, SHANGHAI.

"PHILIPS"

APHILIPS LAMP

IS A PERMANENT

ECONOMY

SOLE AGENTS

Holland China Trading Co. Hong Kong

#

INTER-ALLIED DEBTS. FRENCH REPLY TO BALFOUR NOTE.

THE BRITISH. BILI

[FROM THE TIMES" CORRESPONDENT. |

PARIS, September 1st. AL. Poincaré has addressed to the British Ambassador reply to Lord Balfour's Tho Note on war-debts of August 1st," letter says

The French Government attached to this

J. B. LAL”

THE ABLE INDIAN, PHYSICIAN.

FROM SINGAPORE,

is now ready to receive anyone who wishes to consult him on the following diseksas, vit, Coll, Catarrh, Headache, Hemicrania, Earpain, Giddiness, Toothache, Running of the Nose, Neuralgia, etc., etc, and

GUARANTEES TO „CURE the above diseases in less than TWO MINUTES.

I enn cure all Kimla of. Eye diseases as well

communication all the importance it dis as other sicknesses and guarantee to served, and highly appreciated its elemically, vated and courteous language. It is, as

the British Government is, couvinced that the problem of Reparations cannot receive n definite solution unless it is joined i some way or other to the problem of Inter-Allied debts; it appears to-day urcessary that this question be examined shortly in all its aspects in a Conferencs to which all the Allied States concerneil should be conycked without exception. It could have been so examined at the last London Conference if the British, Govern. ment had not previously, by its Note of August 1st, taken up a position by e questing the French Government to bu prepared to pay in proportion as Great Britain will be compelled to pay the United States.

I think it my duty to point out that no comparison can be drawn between the war debts which the Allies contracted to- wards one another and Reparation debts. If the Allied Governments had not lent one another the reciprocal financial assist ance of which the war debts are the re sults, either the war would have ter minated ill for them, or else it would hav lasted much longer, and in any case it is the lending countries which would have had, either by the Jabour of their indus tries or by the despatch of more numerçus tops, to make the efort which the bor rowing countries made in their stead. These debts were all contracted in the interests of the common cause. The pur chases which they served to make all con- tributed to the victory. In the course of preparing the Treaty of Peace, the vic torious countries decided for the first time in history to renounce exacting the cost of the war from the vanquished country :- if the payment of the war debts wer

81.000 REWARD.

GRTE

A Reward of $1,000 (one thousand) will be pail to any person who is able to cure the love mentioned diseases within 2 minutes, providing he does not make use of my medicine.

The medicine is my own preparation

Consulting charge ... $3.00 Visiting Fro

5.00

Consulting hours 9 am to 12 Noor,

3.x. to ✪ F.M.

р

J. B. LAL,

c/o KING EDWARD FOTEL,

Roo Na 48.

11385

JUST ARRIVED

LETTS'S OFFICE & POCKET

DIARIES

FOR

1923.

exacted.. portion of this expenditure BREWER & CO.

would fall upon those of the Allied conn- trigs which furnished militarily the great- est efforts and which took upon themselves! the heaviest burdens of, the war..

As Lord Balfour excellently says the inter-Allied debts were contracted not for the separate advantage of particular States, but for, the great end common to all, and this end as a whole has been realized. From, the moral point of view this realization would justify an annul ment of these debts; at the very least it cannot be alleged that it does not lend these debts a character. different from ordinary international debtg

THE GERMAN DEST,

When in doubt about your eyes

or your glasses

Consult

CHINESE OPTICAL CO.

Eye-sight Specialists.

67, QUEEN'S ROAD, CENTRAL,

Hongkong.

GERMAN LIFE INSURANCE. SWISS BRANCHES.

There seems no end to the aftermath of the war. Before August, 1914, some 65,000 Swias were insured for a total sum of 500,000,000 franer ($20,000,000) in German life insurance companies, which all had offices in Switzerland. Most, if not all, of these companies were well established, and their branches apparently under a certai amount of Swiss Government control

On the contrary, the reparation debt of Germany is the outcome of wilful and for the most part, useless destruction and of the payment of pensions which are a charge upon the Allied Governments for the loss inflicted by Germany. This neces sary reparation of the damage done must naturally take precedence over every other settlement. For ber part France, who of all the belligerent States has been inost affected by the destruction of terri: tory. has been compelled by the fact that the payments promised by Germany were not forthcoming to proceed herself to the

The German companies seem to have is reparation of her devastated provinces; it vested a good deal of the money received is the advances which she has made under from their Swiss policyholders in Ger- this bead which are at the present moment man Government loans, and in marks, upsetting the equilibrium of her Budget; and as 100 paper marks are now worth. there can be no question of her consider alxut Er. 1.18 in Switzerland, the Ger- ing any settlement whatever of the obliga man companies naturally find it impossi tions which she contracted during the

ble to meet their obligations, especially war, so long as the expenditure which sheas most of their Swiss policyholders have bas incurred and which, she will have to ceased to pay their premiums in Swiss

francs, and

of course, no new policyholders incur for the reconstruction of her: devastated regions shall not have been applying Zurcher Zeitung, the leading

The covered by Germany directly or by means Swiss newspaper, says that the suly proper of an arrangement which would enable action for the Swiss Government to take her mobilize as soon as possible a suffi is to forbid all German insurance companies cient portion of her debt. But once Gerto do any business whatever in Switzer- many has acquitted herself of this obliga land or to receive any insuranes premiems tion, which must precede all others, the in the country. All sorts of suggestions, French Government will not be opposed in fact have heen, and are being, male as to the consideration of a general settle to how to meet this complicated and, for Switzerland, serious situation. Had the mat ment of international debts.

ter been dealt with immediately after the Armistice, when the mark was still only about might have been spared a vast amount of 50 per cent. below par, the policyholders loss, As it is, if the German insurance com panies in Switzerland now have to be pom- pulsorily liquidated, then it is estimated that Switzerland will have to bear a loss of

BRITISH CLAIMS.

Besides, when the time comes for the French Government to examine in parti. cular the settlement of the British bin, certain considerations will have to be taken into account before-hard

prices, raising 'them in order to make allowances for "departmental "expenses,”

INDO-CHINA

SUŁAM NAVIGATION COMPANY LIMITED

SAILINGS, SUBJECT TO ALTERATION

HAIPHONG vis HOIHOW TIENTSIN TSINGTAU via SWATOW

SHANGHAT

MANILA

TSINGTAD vis SWATOW

SHANGHAI.....

BANGKOK SWATOWTM SANADKAN

EAIPHONG VÀ HOIGOW

KUBE 144

A

BANGKOK SWATÓW STRAITS & CALCUTTA, STRAITS & CALCUTTA QALUUTTA LINE

||

MINGSANG" Thursday, 12th Coty

*CHEONGSHING" Thursday,

... "TINGSANG” .. Friday, "LOONGSANG " ...Friday:

HOPSANG* ...Sunday. KWAISANG" "HINSANG "

... "LEESANO". ..." HOSANG" ...OHAKSANG"

... "LAISANG" ...."NAMSANG "

Tuesday,

...The day,

19th

Oct,

8 L.D.

13th Oct., 10 am. 13th Oct

15th Oct

3pm

Dal

Fednesday, 18th Oct 10..

Thunday.

...Tuesday,

...Tuesday,

...Tuesday,

17th Oct. 10 m.

17th Oct

19th Oct.

pt.

D.L

24th Oct,

Noor

24th Oct,

3 pm

9th Nov. 3 pm,

aro

-- This Line afforda, regular wallings te Calonita Pening and Singapore returning from Calcatta steamers proceed via Straits and Hongkong to Japan, occasionally calling a Shanghai All steamer Bars excellent paasonger accommodation, fitted with Electric Light and Fans and care fully-qualified. Surge SHANGHAJ LIN-Sailings approximately every three days between Capton and Shanghal sometimes calling at Sabow Through tokes can be obtainado and through Bill of Lading are issued to Northern and Yangtze Ports via Shanghal- MANILA LINN ---A weekly service i maintained with Mahile by vessels with good

passenger accommodation, sallings from both porte every Friday. HAIPHONG LINK:-Sailings approximately rockly for passenger and cargo calling at Holbow when inducement uderz BORNEO LÍNE-Fortnightly sailings to and from Sandakan by two 5,000 tons stormers:B.I.“ HINSANG" and x. *'MAUSANG" both staamera having excelent passenger accommodation. Cargo taken of through

agh Bils of Lading for Kedat. Jesselton. Lubuan Tawao and Labad Daim;

In the first place the French Govern-70,000,000 gold franes. ment, which only borrowed from the United States and Great Britain in order to cover her own purchates, and without there being any question of security of that is to say, general expenses and export third party, will have to make a distinc duties, levied by the British customs tion between the war debts which it con-authorities, whereas the French Commis tracted towards those two countries. Asariat, on the contrary, reckoned its portion of its debt to the United States assignments to the British Army at the was contracted after the Armistice to internal tariff paid for the same as be cover the purchase of the American stacks, tween" French services, without gererel: of which delivery was made to the French expenses or duties. When, therefore, the Government and which it sold again to payments made for the reparation of the the profit of the French Treasury; for this devastated regions of Fracce permit of n operation at least it is a question of a settlement of the inter-Allied debts, the commercial debt. No doubt for the sur-settlement will have to be preceded by plus of the American bill against France minute study in order to reduce the the same argument should hold as for the amount of the debts to equitable figures other Inter Allied bills; it cannot, how-established on identical bases. The Gov ever, be forgotten that the United States ernment of the Republic asks in this res- went into the war without its existence pact to be treated as it treats our common being directly threatened to defend the Aiea It does not. demand payment of principles which lie at the foundation of the sums which our Allies avo it; i civilization, England, like France, had realizes that morally and materially such over and above this to safeguard not only a demand would be at the present suno her independence and her territory, but tare inadmissible, and it does not even also the lives, the property, and mags dream of presenting it," of existence of her people.

Next, the sunount of the British bill, which, as a matter of fact, is not even yes fixed from the accountants' point of view, con in equity be the object of a revision, Thus, for instance, in the cessions of food supplies and material as between the Allies, the British commissariat credited itself with all the deliveries at maximum

(aunque quan to quod in panjung),

TIENTSIN LINE-A regular service le ren from March to November between

Hongkong and Ticntain, calling at Welhalwel and Chalar BANGKOK LINE:-A weekly service is provided between Hongkong and Bangkok, Swatom, uv Ava stomers fitted with, up-to-date, passenger accommodation.

While recognizing the spirit in which the British Government, desires to discuss the problem of international debts, the Government of the Republic esteems it a duty to call its attention to the fore- going considerations. With these reserve- tions it agrees that the general settlement of these debts, if it were arrived at by mutual sacrifices, would be profitable w bumanity,

CALOUTTA

LINE

or "about

1.1. "LAISANG" will be despatched on Tuesday, 24th Oct., at 3 p.m.. for SINGAPORE, PENANG

& CALCUTTA,"

Through Bill of Lading issued to RANGOON. MADRAS; PORT SWETTENHAM and DUTCH EAST INDIES.

For Freight or Partage apply to-

Jardine, Matheson & Co., Ltd.

TELEFON CENTRAL NO. 115.

GLEN

GENERAL MANAGERS

AND SHIRE

Joint Service of Steamers..

U.K.-STRAITS, CHINA & JAPAN SERVICE,

Verrel. "GLENGARRY" "GLENIFFER "

14

OUTWARDE.

EOMEWARDS;

Vessel Leaves Hongkong, "GLENARIFFE" 17th Oct., "GLENOGLE”. * 23rd Oct. #GLENAPP”. 5th Not "GLENGARRY" ... 27th Nov,

Die Honi kong. 22nd October. 18th November.

Discharger

GENOA, LONDON, Axzwar & Hariria“ LOIDON, ANTWERP, Rozrennan & Hämauam. LONDON, ANTVIRP, BOTTIEDAM & Bintulo, GANDA, LONDON, Antwrap & HAMBURG,

Movement are subject to change without notice. For freight or intther partianlar please apply to

Jardine, Matheson & Co., Ltd.. The Glen Line, Ltd. AGENTS.

"Telephone: Central No. 215'sub-ex. 23 and Central 3896.

SHIPBUILDERS,

SHIP REPAIRERS, BOILER MAKERS, FORGE MASTERS, OXY-ACETYLENE ELECTRIC WELDERS, MECHANICAL ELECTRICAL

ENGINEERS.

AND

[16

TAIKOD

DOCKYARD & ENGINEERING COMPANY

OF HONGKONG, LIMITED.

DRY DOCKS.

Length 787 Feet.

Length on Blocks 750 Feet

Dept. on Centre of

Bill (H.W.0.8.T.)-34 ft. 6 ins. THREE SLIPWAYS. Capable of Handling Ships Up

to 3,000 Tons Displacement. Electric Crane at Sea Wall, Capable of Lifting 100 Tons at 70 Feet Radius.

BUTTERFIELD & SWIRE

(Joan BRIET. & Sons, Lt),

AGENTS.

TEL ArDame: "TALEGODOCK, HOUSIONG." TELEFON No. 212.

Ast Frao: "C" OVER ANK, Pasant

· HONGKONG,"CHINA & JAPAN.