1927-06-10 — Page 11

A

RECOVERY OF THE FRANC.'

THE ECONOMIC SITUATION IN FRANCE,

RE-ESTABLISHED MORALE.

JY MAJOR L. A. M. JONES, ECONOMIC EDITOR OF IM TEMPS."}

TH

The recovery of the frame has re established the shaken morale of the French people, and thereby res stored the all-important ass-Ē national self-confidence. The year's sarplus ai 29ñillions of franes over the Budget estimates after a slack trade period: the fact that her War Honds are cashable at right and have it, as is the rase in Italy and Belgium, been rendered un- payable: the masterly handling of her fouting debt by M. Poincare which removed JA Itamorfesion

Trac to the national solvency: that no promise made to the people by any one of her surressive Coe

L

ANOTHER FLOATING

'VARSITY.

THE HONG KONG DAILY PRESS, FRIDAY, JUNE 10th, 1927.

ACRANIA TO VISIT HONG

KONG.

DUE HERE IN NOVEMBER.

Reference was made earlier this week to the fact that the 6.5. 218 the floating Byudam, known University, had returned to Now York with 300 College hoys and girls after travelling five of the The cruise took seven

Reven 28.

and a half months, and during that time she called at Hong Kong.

Another Varsity afloat" is to the Comard call here. This IN liner turnnin, whose accommoda-

ion is to have the necessary altria tions to make her suitable for such an enterprise nut she will leave New York on September 21st.

The lounge and smoking rooms will be transformed into reading remia, and 350 enbins into dormi- ernments has been broken or single privilege revoked, plus theories. There will be tea indour lecture halls, and awnings on deck decision to begin repaying her for eign debts are things which are will separate class rooms. regarded in France as indications of a permanent economic, restora tion, and of which, considering the complex difficulties that have been overcome, Fritchmen are justifiably proud.

But, while it is alse true that speculation in the frane has ceased,

The liner will be six months at sen and two months in ports, from

which shore trips will be arranged

MOTHER'S FIGHT FOR HER SON.

ENGLISHWOMAN'S LINK WITH THE LEGION,

DESERTION CHARGE.

MADRID.

Me, Moro Giafferi, France's forr. most criminal lawyer, has gone to Fez to defend a German degerter from the Foreign Legion,

The prisoner is a young man named Melcher. His mother is an Englishwoman and his father a German, and a prominent business man in Shanghai. The prother has come from Shanghai by the Trans Siberian railway to be present at the trial.

When her son was nineteen he

went to study at a mining school

then ecupied by the French, He berhausen, a city which was joined the Foreign Legion for rea- Fons which the parents do not yet know, giving his age as twenty. The parents did not hear from their son until he was in Morocco

In A Prison Cell.

Men who join the Foreign Legion The mast sign on for five years. parents tried for three years to free their son from the Legion, in which he had risen to be a corporal.

Melcher deserted during fighting

with the Riffs, and crossed into the After leaving New York, the Spanish zone; but by a mutual and the French, deserters were Jaranin will make for Havana, agreement between the Spaniards reaching there September 218, and handed back. Melcher was cast into will then proceed through the prison, and has been awaiting trial Panama Canal to Los Angeles, in his prison cell for six months

The mother, who is a German sub- Hil Honoluh and various places

jeet by marriage, had a personal

NORDDEUTSCHER LLOYD, BREMEN.

NEXT

FAR EASTERN PASSENGER AND FREIGBT SERVICE.

N. Y. K.

REDUCED FARES

11

SUMMER EXCURSION TICKETS ON SALE

From 15TH JUNE To 14TH SEPTEMBER

Cabin class:

68

£73. 48. Od. Intermediate class: £48.28.04.

TO GENOA,

FIRST CLASS ONLY HONG KONG 10 SHANGHAI AND RETURN

NAGASAKI

II. $120

H. $165

1

H. $190

H. $210

H. $235

SAILINGS:

Regular fast four-weekly Passenger-Service. (Also taking cargo.)

ACCOMMODATION for 100 CABIN OLAS AND 160 INTERMEDIATE CLAM PANGERA

s.s. "AACHEN M.8. FULDA' 5.8. TRIER" R.S. "GOTHA"

.. "SAARBRUECKEN"

3,5.

* Also calling at Marseilles.

Arrival at HONG KONG ARRIVAL FROM SHANG-

AND SAILINGS FOR I SHANGHAI AND TAKU (TIENTSIN),

28th Jane, 27th July, 24th August

1997.

WAI AND SAILINGS FOR GENOA, ROTTER- DAM & HAMBURG.

14th June, 1927, 25th June, 29ml July. 22nd August, 17th Sept.

Regular Fast Four-weekly Freight Service.

CARRYING ALSO A LIMITED NUMBER OF PASSENGERS,

"FRANKEN" 1.6. KOENIGSBERG

"ANHALT

ARRIVAL AT HONG KONG AND SAILINGS FOR SHANGHAI AND JAPAN.

19th June, 1927. 17th July, 14th August,

#

*

ARRIVAL FROM SHANG BAI AND SAILINGS POR GENOA, BOTTER- DAM & HAMBURG

For Freight, Passage and further Particulars, please apply to:-

MELCHERS & CO.

Telephone C. 4557.

Agents,

HONG KONG.

[20

3, Queen's Building, Chater Road

public savings increasing, and carry in Japan. She sails from Japan interview with the French Ministers/ WITHOUT PURE BLOOD HEALTH IS IMPOBSIBLE.

and Canton if conditions allow at the time.

aver rates lower than they have

for China on November 14th, call-of War and Justice in Paris, and, i ever been a small premium is ae į

obtain a special permit before she tually quoted an forward fraues, and ng at Shanghai and Hong Kong, German subject, she had to foreign buyings have improved), the! and visits will be paid to Peking could land in Morocco.

Melcher is accused of desertion in face of the enemy, but both mother From Hong Kong the next port and lawyer hope to obtain his free of call is Manila on November 23rd and after excursions from there, the ship goes on to Singapore and

į

mare thoughtful Frenchman rendises that these things are not everything || and that the economie danger is There are by no means 'paused. grave difficulties ahead, which in the end may show the country's

dan.

then to Jave, and Batavin. Crylon CONSIGNEE NOTICES. will be visited, and then Bombay,

Call

rapid recovery to be a superficial healing of its commereind wounds

Adin is scheduled to be touched rather than their definite ere,

at on January 14th, with a although what has begun at the top

at Egypt a little later. Various may it is trae, coutine until it

pinees of interest will be visited reaches the bottom. Not a low

in Egypt, and some very interest- serious erities regard France's mur

ing trips have been planned. Con- vellous economic recovery, 40me thing verging on the miraculous; stantinople, Greece, Italian and but there are also those who main-Spanish ports and Gibraltar are

tain that the age of miracles is past all included, and then Lisbon and and that the inversion of any Antwerj. Expusions will be made natural process is unsound. pra-

into Germany, und finally to Paris. The Bner will be due back in New York on May 13th, 1928.

cedure.

Rehabilitation Not Yet Complete.

A dispassionate consideration of the fact seems to indicate that no definite proof of her complete res

infore 1928.

NOTICE TO CONSIGNEES,

OCEAN STEAMSHIP CO, LTD.

AND

BLOOD

VETARZO MEDICINE

Never before was there anything like it, nor are its marvellous properties likely ever to be equalled in diseases arising from impare blood. It star- ches out and expels from the vital onrrent every larking trace of poison. one matter, curing blood and skin diseases, scrofulous and glandular swellings, bad legs, abeceases, ulcers, eczema, gout, rheumatism, goitre or Derbyshire Neck, etc. It improves the general health and quickly removes long-standing bronchitis, asthma and hacking, training, spasmodic cough, too often the precursor of consumption. LIFE WITHOUT HEALTH IS LIVING DEATH.

BRAIN AND NERVE FOOD. For Nervous Breakdown and Chronio Weakness,

VETARZOo'

VETARZO REGULATORS, Safe and Reliable. fuglish Price 3. (either remedy), The VETARZO REMEDIES CO., Gospel Oak, N.W., London, Eng. Unprinsipled Dealers may try to

CHINA MUTUAL STEAM NAVIGA-sell you something else for extra preßtdo not accept it, Insist on

TION CO., LTD.

.

FROM UNITED KINGDOM VIA SINGAPORE, ONSIGNEES per Co.'s Steamer OKESTES CON are hereby notified that the Cargo will be discharged into Hoit's Wharf, Kowloon, where it will at Consignees rink and subject to Terms and Condi tions of Storage at Holt's Wharf. The Cargo will be

Delivery from ready for Godown on and after 7th Jane.

Optional Cargo will not be landed

Steamer's

Yrt, bo

to which the

lie

habilitation can really be available harbour a stately galleon carrying here, unlese Notice has been given prior

Certainly everything 230 millions-paper franes.

e arrival, but carried on from points to the coming financial year after all, the prosperity of the port to port to the final port of call being likely to be anything but a sail trade is the most reliable

All broken, con extends,

chafed and damaged Goods good one from the banker's point

are to be left in the Godowns, where they The law of 1918, which sign of a country's prosperity: the of view,

will be examined on any Tuesdays and forbids the

of French swelling of Treasury totals by the expart

colossal profits of a few great busi- capital, still functions, and, as a result, the country is glutted with concerns forced to do business Fridays between the hours of 10.45 A..

having VETARZO. The genuine has words "VETARZO REMEDIES"

in Government Stamp. Bold by LEADING CASH CHEMISTS.

SERVICES CONTRACTUELS DES MESSAGERIES MARITIMES.

CONSIGNED NOTICE.

8.8. "PORTHOS."

BRINGING CARGO FROM MARSEILLES, &c.

YONSIGNEES are hereby informed that their Goods with the exception of Opium, Tressare and Valuables are being landed and stored into the Godowns of the Hong Kong and Kowloon Wharf and Godown Uo., Ltd., Kowloon, whence

landing. Delivery may be obtained immediately

French money. The banks, unable in figures of astronomical magi and Noox within the Free Storage period after claims must be sent in to me on or

to invest abroad, cannot build ny a rearre of foreign credit, and are forced to reduce their interest on deposit aerts-signs of financial weakness which may well make any rconutile doctor pinch his lip in perplexity. There is a wide differ ence between a frane which is stable and frane which is stabilised, just as there is danger in a fra which is stabilised at too low level.

а

sation in

the tear

future is

tude is to poof of it.

Cost Of Production.

The news of the signing of the commercial agreement with Ger manyas elated as that agree- ment is and the Germans' ap- parent willingness to help France to dend with the Russian debt pro- biem, makes welcome reading. The foreign trade figures, too, give no cause for adverse criticisin-unless As things are at present, stabilit he suggested that the 700 millions of franes excess of exports over im punta is largely due to France's unlikely but when it does come inability to buy the foreign raw tott francs to the pound sterling material needed for her home in would be an industrially sounder

dustries as a result of the " rate than stabilisation at 115; 124 valuation of the franc. However, there still remain her agricultural rency of any solvent country there wealth and the indisputable facts

a good reserve: a suf ficiency of gold is not behind the that the cost of production is at French currency at the time of present lower than it is in England. writing. Whether the approaching cepayment by France to the Bank of England of the balance of the 33 million sterling loan will at- tract it into her banks as French opinion believes it will-must be an upen question.

is too low.

must be

But behind the cur-

Unreliable Omens.

were

Incidentally, the unemployment figures in France are an interesting commentary on the economic situa tion. In December, 1928, there were only 1.395 persons drawing public velief. On December 23rd in the Bame year there were 6.703. January 6th, 1927, thre 17,178; on January 2nd. 45.122: It has been said that figures inay February 5th, 04.434; F. bruary 24th, be made to prove anything; it is 70,898; March 10th, 81,016;nd en certain that the uninitated sonse April 34th, 68,417, times find them full of unexpected To conclude. The preser situn- difficulties. Despite the bravo ap-tion is complicated by the act that pearance of the French Budget existing conditions are largely arti- statistics of March last, it is inter-ficial, and to resolve their dange- esting to recall the fact that theso rous elements into the. residuum of are based upon the figures for 1925. Rold prosperity will need economic result of M. Poincare's power- although the frane was badly depre chemistry of the highest order. As

Now, 1920 was a year in which,

ciated, the rate of exchango was fal invocation, the spirit of a more favourable to France than it financially dead France has retura- is to-day. In 1927, on the othered to her body; her economic re- hand, we have the frann lower and surrection is an accomplished faci, prices higher.

If the country continues to repose One is formed, therefore, to con- its confidence in his skill to the sider the possibility of the impoe extent that it admires his integrity all will ing "total" under the Budget and strength of

Tax on Business Turn be well. But if

national Bending

falters in face of the proofs over," "proving, if analysed, to be courage not quite such reliable omens of to which he will be compelled to French economic prosperity as the submit it, or the political sciolists rather bewildered French business succeed in overthrowing the Gov- man is asked to believe-and deernment on the Electoral Reform voutly hopes-it is. The founder Bill, then the vivifying energy he ing of many small industrial draft has infused into French economics is liable to he forgotten in, the joy will evaporate and the country of welcoming into the national drift swiftly into financial and

Léconomie chaos-Sunday Times. (Continued on next solumn).

No Claims will be admitted after the Goods have left the Steamer's

and all Goods remaining d after the 13th June, will be subject to Rent

All Claims against the Steamer must be presented to the Undersigned on or before the 27th June or they will not be recogniand.

No Fire Insurance will be effected.

BUTTERFIELD & SWIRE,

Agente.

[5005 6th June, 1927.

от

All

On

before Thursday, the 16th instant.

will not be recognized. they Damaged Packages will be examined by Meeurs. the Company's "Surveyors, Goddard & Douglas in the presence of the Consignees at 10 am. Monday, the 19th Jane, 1927.

Ne Fire Inerrance will be effected by as in any case whatever.

J. LIMAGE Agent. Hong Kong, th June, 1927.

(5007

To the Publisher

PODOS

KARTELLOUS

ON DIRECT, CH, BELOKK, 19, QUAT VAN DICK, ANTIEST TROUBLES. ENGLISH PRICE 3. ALL PHARMACIER PERSPIRATION, BAD ODOURS, AND ALL POUT TENDER AND · BORK

YOR KALA

TEET

"HONGKONG WEEKLY

PRESS"

LA, OHATER ROAD, HONGKONG.

Please send me the

"BONGKONG WEEKLY PRESS""

from 19

1927 to ...

addressed as follows :---

SUBSCRIPTION PAID IN ADVANCE. $13.00 per annum for delivery in

Hongkong.

$15.00 per annum to any part of the

world (including postage).

THE HONGKONG & WHAMPOA DOCK

COMPANY. LIMITED.

TELEGRAPHIC ADDRESS "MANIFESTO," HONG KONG.

Coba Und AI, A.B.C. Fifth Edition: Engineering: First and Second Edition

Wastern Union and Watkin's, Benson's, Marooni.

!Dock Owners, Ship Builders, Marine and Land Engineers, Boiler Makers, Iron and Brass Founders, Forge Masterz, Electricians,

S.S.

CHANGTE.'

HUILY AND ERvInze at KOWLOON DOCKS 17 TER HONG KONG & WHAMPOA DOUK 00, LTD, TO THI ORDER OF THE AUSTRALIAN-ORIENTAL LINE, LTD., 703 AUSTRALIAN-HONG KONG SERVIOS", Please address enquiries to the Chief Manager,

R. M. DYER, B.Sc., MI.N.A., Kowloon Door, Bore Kono,

MOJI KOBE YOKOHAMA

Available for 3 Moetha for Date of lasue. Stop-overs at all Ports of Call. Bail Tickets between Porta in Japan in lion of Steamer Tickets,

For Further Information, Apply to:-

TEL. C. 202.

NIPPON YUSEN KAISHA, HONG KONG BRANCH.

[4998

HAMBURG-AMERIKA LINIE.

INCLUDING

HUGO STINNES LINTEN

COMBINED FREIGHT AND PASSENGER SERVICE, CABIN CLASS ACCOMMODATION FOR 50 PASSENGERS. FARE FROM HONG KONG TO GENOA-£73. 0, 01.

OUTWARD.

Sailings from Europe for Shanghai and Japan :—-—--- M.S. "VOGTLAND" (H.A.L.} ... duc here on or about the 1st July M.8. MUENSTERLAND" (H.St.L.)... due here on or about the 14th July 88. "OLDENBURG (H.A.L) dne hore on or about the 29th July HOMEWARD,

Sailings for Europe via Manila, Singapore,

Colombo & Port Said:-

a 8.8. "TIRPITZ" (H.St.L.) sailing from here on or about the 22nd June M.S. RAMSES" (H.AL)...... railing from here on or about the 4th July M.S."ERMLAND" (H.8L)... sailing from here on or about the 18th July ‡ M.S. "VOGTLAND" (B.A.L)... sailing from here on or about the 3rd Aug.

* Calling at Rotterdam and Hamburg.

Calling at Genoa. Rotterdam and Hainburg.

Calling at Genos, Marseilles, Hotterdam and Bamburg.

Calling at Genoa, Marseilles, Antwerp, Botterdam and Hamburg.

16)

For Freight, Passage and farther l'articulars please apply to

JEBSEN & CO.

12. fedder Street,

M. M.

MESSAGERIES MARITIMES”

Tel. C. 3225.

Tel. 0, 4754.

(MM

LIGNES COMMERCIALES (Canoo BOATS).

10th

June,

Monthly Bailings direct to HAMBURG, ROTTERDAM, DUNKIRK →→

B/B "MIN" 4.8. "YANG TSE" due to arrive from DUNKIRK, LONDON, HAYRE about the 20th June.

SERVICES CONTRACTUELS (MAIL SERVICE)

Steamers.

Sailings from Marseilles,

Arr, at Hong

for Shangbai

Sailings from Kong & Sailings Hong Kong for

Marseilles.

and Japan.

B

21st Jone

PORTHOS

hth July

SPHINX

20th May

21st June

10th July

PAUL LECAT

3rd Jane

Mth July

2nd Aug.

AMAZONE

17th June

19th July

16th Aug.

CHANTILLY

A/B let July

2nd Aug.

Both Aug.

ANGERS

RATES OF PASSAGE MONEY TO MARSEILLES (including Table Wine and Free Doctor's Attendance).

A CLASslet Class 99, od. od.

B CLASS lat Class... 85. Oe. Od. ... 61, 0. Gd. STEAMERS 2nd ...£70. vd. Od. STEAMERS 2nd

Through Tickets to London and Leading Towns of Europe. Accommodations reserved in the Traina at Marseilles, (Sailings subject to alteration without notice), For full Particulars, apply to:-

Cie. des MESSAGERIES MARITIMES. telephone: Central 740,

9, QUEEN'S BUILDING.

CONSIGNATION-TRANS!T-REPRESENTATION,

JAVA-CHINA-JAPAN-

JCJL

Auris Hould y

12

LIJN.

1-1 Adiron

Tat CNIMAK

REGULAR FORTNIGHT SERVICH BETWEEN JAVA, CHINA AND JAPAN.

STEAMERS

Fol

EY PROTED WILL

FROM

OF OR LEAVE ON

ABOUT OR ABOUT

12th June 14th June SHANGHAI

15th

18th

BATAVIA

22nd

MACASSAR & JAVA

23rd

AMOY

N. CHIWA

•

BATAVIA

SHANGHAI

TJISONDARI TJISAROEA TJIBALAK TJITAROEM

N. 0. & Axor | 20th .. MACAKSER, Java 20th

Wireless Telegraphy,

+

H

The steamers are litted throughout with Electric Light and have accommodatin for suited number of saloon Passengers. All steamberr carry a duly qualided surgeon. Cargo taken at through rates to all ports in Netherlands India and Australia.

10]

For Pansionare of Freight and Fusage, applyšte the ope

JAVA-CHINA-JAPAN LIJN,