1915-05-01 — Page 13

THE HONGKONG TELEGRAPH, SATURDAY, MAY 1, 1915.

THE COST OF THE WAR. £730,000,000 per annum. The

NINE THOUSAND MILLIONS IN

A YEAR.

Huge Figures.

The following is a summary of a remarkable paper on The Cost of the War, read on March 18 by Mr. Edgar Crainmond before the Royal Statistical Society. Mr. Grammond is the reorgnised authority, on war finance.

Mr. Crammond estimated that the total Inan to Belgian would amount to £526,500,000, which total is made up as follows:- Direct expenditure of "*

Belgian

Govern-

£38,500,000 ment "** Destruction of pro-

perty

....250,000,000 Capitalised value of the loss of human life

"Lose of production

naval expenditure for first twelve months he estimated at least £50,- 000,000.

The cost of maintaining the dependents of troops, mobilised would smount to at least | £88,000,000 in the first twelve

months. He cetimated the total i expenditure of the Gorman Gay- erament in the first twelve months at £938,000,000. The value of the agricultural production "of Germany might be estimated at 5050,000,000 Germany would lose a vast. proportion of her foreign trade. The total cost of the war to Germany during the. first twelve months might be estimated as follows:: Direct cost to Ger- i

man Government : 938,000,000 Loss of production 958,000,000 Capitalised value.of

lose of human life 870,000,000

£2,775,000,000 From the point of view of ac cumulated wealth and «nations! iccome Great Britain was in aa 40,000,000 8xtremely favourable position. when the war broke rat. The

SPECIAL CABLE,

JAPAN'S DEMANDS.

SITUATION MORE CRITICAL

CHINA TO REPLY TODAY,

(From Our Own Correspondent),

Peking, April 30. The situation is more oritical. Japan's revised demande are and other losses. 200,000,000 total war expenditure to Decem-more harassing than previously, and still seriously menace British The number of troops mobilia.her 31 had been £178,000,000, interesta, ed by France might be estimated to estimated that from January

Ohina will reply to the demande on Saturday (May 1), refusing 85 4,000,0000, of whom, say, to July 31 next the average ex-to concede anything affecting hor sovereignty or the rights of other 3,000,000 were now available for penditure would be at the rate Powers sotive service. The direct cost of 2 millions per day, making

1

FRENCH TELEGRAMS..

Hongkong Telograph Translations.

HONGKONG'S WIRELESS

STATION.

BAGAN SEKAI CO.

JEWELLERY FOR AN ACTRESS.

Young Officer's Action for Alleged Libel.

in in bearing, and you will have seon from the accounts that, we derived from this source quite an appreciable little addition to tial Reduction in Costs our profits, viz., £529 11a. 93. The labour force has been ample for all requirements, and the The fifth annual general meet health of the coolies " has been |ing of the Bagan Serai Co., Ltd., excellent. The manager (Mr.) was held on March 15. at 38, Rankin) and his staff have per- | Eastcheap, E. C., Mr. Edward L. formed their duties loyally and An officer's action for alleged Hanillon (the chairman) presid-well and deserve credit for the libel engaged the attention of Mr. ing.

gratifying results sohioved, and I Justice Shearman and a special The Chairman said. The report hope the shareholders will ehow jury in the King's Bench Division. and accounts have been in your their appreciation by recording a Lieut. Lewin William Murphy, of hande for the customary time, special vote of tbsake to the staff the Duke of Cornwall's Light and you will no doubt allow me in the East. I may add, in con. Infantry, aned Mr. W. Gippe to take them as read. It is a clusion, that our general manager Kent, solicitor, 11, Gray's Inn great pleasure to your directors (Mr. William Dugos) teports place, W.O., for alleged libel in a to be able to submit them to you the conditions on the property to letter written to plaintiff's agent. at this early data and to have tire be satisfactory and the fature The defendent did not admit that privilege of placing before you prospects good, with which I he published a letter containing such a satisfactory atatement. I entirely agree. The estimated the libel. He also plesded that have congratulated you more than crop for the current year is in its proper meaning the letter once on being shareholdere in 235,000 lbs. and es we have was not libellour, and that it was such a valuable little property, harvested during January and publishedons privileged occasion. standing at such a low capital February 41,000-lbs., against the

costnamely, 639 per sore...and manager's estimate of 39,000 lbs. Mr. Marshall Hall, K.C., for the in a concern which promises to for that period, it looks as if the plaintiff, said that he was serving produce its rubber as cheaply as estimate was on the safa eide. Of as a lieutenant in the Duke of any in the Malay States, but the current year's crop we have Cornwall's Light Infantry, and did not contemplate, when ad-sold about 70,500 lbs for deli- be was at present back from the dressing you a year ago, that my very between now and next front having been badly wounded anticipations would be realised December at an average gross at La Bassos. He was now very quite so rapidly as is shown by price of 28, 0.388. per lb., and, much better, and hoped to retara the statement of accounts sub-se I have already stated, we hope at the earliest possible moment. mitted to you to-day. I said we to produce it still more cheaply The plaintiff was the hair to

-23⋅

of maintaining 3,000,000 man in the total expenditure, for the Rumours in Peking state that the British Government is nego-have every reason to expect that than the orop dealt with in the considerable sum of money. His the fighting line und 1,000,000 in twelve months ended July 31 tiating with the Japanese, with the object of granting them the the reserre he put at 7r. úd, per next $708,000,000. The loss of railways south of the Yangise. If the rumours are antre they man per day, say £1,500,000 per production due to the withdrawal should be dissipated. day. The indireet losses of of, say, two million workers France were very great. Practic- might be estimated at £200,000,- ally the whole of the male popuis-000. The actual disturbance of tion between 19 and 50 had been our foreign trade bad been very withdrawn from production, and much less than might have been be estimated the total loss of pro-anticipated. The total direct and duction at £825,000,000. Daring indirect loss for the twelve months the first five months of the war to July 31, 1015, might be the foreign trade of Tranea had estimated as under: decreased as follows:

Direct expenditure of the Government Importe£85,000,000, 60,7 percent. Exports 19,000,000, 67 percent. Capitalised valno of the loss of human The total cost to France up to

life July 31 next he estimated at £1,686,400,000, made up

Loss of productlou, followa Direct expenditure of 4

Government

...553,400,000 Destruction of pro

perty

08

.100,000,000 Capitalised value of

Destraction of pro-

∙perty Capitalised value of

0:0

imately as follows": 600,000,000

100,000,000

... '$

708,000,000

非

Dividend of ao per cnet.

The defendant acted for Mesars.

Gershon and Scheiter. The jewellery was handed over in 6x-

the orop for the period covered accounts we have been discussing father, who was a gentleman of by these accounts would be pro- to-day, I now beg to propose considerable position in Ireland, dused more cheaply than before That the statement of accounts died when plaintiff was only three but did not then anticipate that and balance sheet and the reports years of age. He came to London we should be able to show are of the directors and auditors be when he was 18 years of age, and daction of 4 per lb follow received and adopted. After he became of age on May 25, 1914. ing the subtantial redactions Snagge has seconded the resolu- A Mr. Montague lent him a small abown during the two previous tion I shall be pleased to answer sum of money. The plaintiff was years. The "cost all in,"

ea you any questione, Writing from Hongkong on will have seen from the report,

very much attached to a young Mr. Harold B. Snagge seconded lady playing in one of the leading January 12 on the subject of the was 18. 0.170. per lb; against la. the resolution, which, in the theatres, and at that time he hoped, long-discussed wireless telegraph 5.17d. per lb. in 1913, Obviously absence of questions or comment, to marry her. It was suggested According to the Courrierd' for Hongkong, which is at last to I cannot hold out the prospect of was carried unanimously. that he should go to Messrs. Gor

General Haiphong,

Vinckel- be a realisation, the American similar reductions in the fature,

abon and Sobeirer, diamond Mayer, of the French Colonial Consul General George E. An: but I think I can safely say that The Ohairman now move merchante, of Hatton Garden, and, Reserves who was recalled to the deraon, saya :-

we shall work still more cheaply That a final dividend of 15 per that he should parohase jewellery The proposed radius of service doring the current year, I should cont. (less tax), making a total of of the value of £1,000. He was colours at the outbreak of the 300,000,000

war, was made a prisoner by the has been enlarged from 500 to 700 mention that in order to simplify 20 per cent. for the year, be, and to give the young lady some of Germans in September last and miles per day and 1,300 miles or comparison with previous and it is hereby declared, payable on the jewellery, and bis friends 250,000,000

interned at Magdeburg.

over by night under normal con-subsequent years we have not Match 15, 1915, to the share were to take the rest, which was General Joffre's Prediction.ditious, and the plant in expected included war risk insurance in the holders on the books of the come to be sold, and the advances made Total £1,258,000,000

A telegram from Washington to be in operation within five cost all in of ls. 9.71d. The cost pany on March 8, 1915. The above aggregate representatsics that in an interview on months. The inauguration of this of iusaring against this risk is

by. Mr. Montague were to be paid.. ed about one-fourteenth of the

M Sangge seconded the re- The plaintiff was to give a bill for eral Joffre predicted a victory for service bus some additional im shown separately in the accounts solation, which was Quanimosly $1,000, which was drawn and aational wealth and about one the Allies. The telegram bears portance in view of the fact that and is the equivalent of 0.284. approved, twentieth of the wealth of the

accepted. the large wireless stations of the per lb. In this loss of human life.348,000,000 British Empire. It was equivalent the date of the 4th, inat, Lass of production ...625,000,000 about seven months of the

connection I The Chairman further moved: American Officers' Recalled

Chinese Government, ut Canton, might also say that London office That Sir John F. Ramsden, Bart., It might be estimated that the national income of the United

"from Germany.

and Woosong, near Bhanghai, expenses include donation of 25 be, and he is hereby, re-elected a total forces mobilised by Russia

A telegram from Washington, are now working, and those at guineas each to the National Re director of the company. In doing would amount to at least 6,000,- Kingdom and about four months published under the date of April Foochow and Hankow. will be lief Fund and British Red Cross so he said that Sir John was sery change for the bill. This was 000 men, of whom at least 4,000 income of the British Empire.

4, in the Currierd' Haiphong completed by the time the Hong-Society, 10 guineas to the Belgian ing with his regiment, and he had drawn by plaintiff, and accepted 000 men were actively employer cost of the war might be estimated surrounding the recalling of the The service of the two Chinese the Rubber Growers' Asspciation unanimously re-elect him.

The total direct and indirect states that there is much mystery kong station is in working order. Relief Fund, and five guineas to no doubt the shareholders would by a Mr. Faller. The plaintiff in the various theatres of war. to amount to £9,147,800,000 up American efficere sent with the stations now ready was com- Ambulance Fand, of which Mr. E. A. Bennett seconded for the young lady and another en received two diamond rings one The total logs to Russia up to to July 31 next. Its inci-German army as observers. It monood with the beginning of the have no doubt you will through the motion, which July 31 might be estimated at dence between the two groups of is said that they will be recalled year. They cover substantially ly approve.

was un- for someone else. The rest of the €1,40,000,000-namely: Direct cost to the "

helligerents would be approx- owing to the consternation caused the same radius as the Hongkong

animously agreed to.

jewellery was handed over to Mr. The Rubber Crop. : Government

The Chairman next proposed: Montague and a Mr. Ble by a criticism of the German station, the plants thus being The crop of rubber was 181, That Mr. Harold Snagge berei

Sternberg, blockade policy. The official able to exchange messages with 822 lbs., against 139,500 lbs. in elected a director of the company.

The plaintiff was afterwards explanation given by Washing. each other as with all ships in 1913, an increase of 53,822 lbs. Es pointed out that Mr. Arthur introduced to Mr. Elliott, a house ton is that the officers having Chinese waters. A typhoon warn from practically the same area, Young, who was serving his and estate agent, who knew the fulfilled their mission, they willing service is one of the first The acreage in bearing at the be- country abroad in a civilian defendant Mrr Elliott arranged be recalled.

features adopted by the new ginning of the year was 480 acres oapacity, bad resigned his seat on with plaintiff to give another bill, It is significant that nothing system.

and at the end of the year. 563 the board, and the directors had after he had attained his majority, has been done to replace them. All these osast stations are of acres; but, as the new area of 83 invited Mr. Baagge to fill the for $1,050. There wasts thisen Forcing the Dardanelles.. the same construction. The aores did not come into tapping vacancy. Polving in plaintiff's getting a settlement The French Minister of Marine, cscillating power in the antenne until December, the average according to the Courrierd' Hai-radiating the waves is 5 kilowatts acreage over which tapping was motion, which was carried anan- by Mr. Elliott to Mr. Grice Hut Mr. F. A. Maguire seconded the of his affairs. He was introduced pliong, communicates that the (6,7 horse-power) with a current spread was 487 acres, against 480 imously

rchinson, a

on, a solicitor, who tookanp three French cruisers Suffren, of 32-38 amperos, An official acres in the previous year. The Gaulois and Obsilemagno, have statement reports that the stations yield per acre was 394 lbs. as Bennett, cecoded by Mr. Maguire, the defendant, who scoured the On the proposition of Mr. the plaintiff's affairs, MA: Har obinson had an interview With taken a very active part in the are fitted out with a 28-horse- compared with 291 lbs. in 1913. the auditors (Messrs. McAuliffe, destruction of the forte at the power benzine motor driving a The total areas under cultivation Davis and Hope) were que plaintiff of fraud, and stated that entrance of the Dardanelles der-dynamo and supplying the meces is 1,085 acres, so that we are still mously re-appointed. longer be bad consulted fr! Bodkin, ing the operations by the Anglo-sary current for charging on getting our profit from less than. Fronch fleet on February 25.

Mr. Bennett proposed a hearty who had advised that the plaintif accumulator battery, from which one-half the cultivated area. The vote of thanks to the chairman, should be prosecuted. On Sept Since then three British cruisers the correst is then taken for gross price realised for our rubber the directors, and the staff in the 14 Mr. Elliott received authority opened a continual fire on three transmission to the transmitting wsa 28. 2.31d, against 28. 10,46d. Esat for their work on behalf of from plaintiff to receive's sum of forts of Halles, Sebdul Bahr and machinery,

in the previous year, a decline of the company during the past 61,500 from Mr. Grids Hatobin- Orkhanieb, the Haulois making A converter run by this over 8d. per 16.; but this was year. He added that the report on to discharge the hill, and to the fort of Kum Kalessi its battery will supply an alternating more than offset by a saving in presented to the shareholders was pay some amounts owing to him objective, this fort defending on aarrent of 500 cycles per second the cost of production and by the of a moet satisfactory character (Mr Elliott). Mr. Elliott, having the Asiatic coast, the entrance of which is stepped up to some 10 increased crop, the result being a Mr. A. H. Rand seconded the received this cheque, did not dis the Narrows:

1,200 volte. The plant produces profit of £11,426 178. Bd., as com vote, which was unanimously as charge the bill, believing that The marksmanship of the waves with lengths between 000 pared with £10,048, 188, 132, in red.

the holder of the bill was an alien Gaulois was remarkably true. and 3,000 meters. The receivers old. We paid you in November The Chairman said he much enemy, who ought not to be paid.

When the long range fire had of all the stations can pick up last an intorim dividend of 5 per appreciated such a vote of con

When the plaintiff returned from produced the results desired, the waves of all lengths between 300 cent, and we now recommend a fidence in the board. He was wrote to the defendant with T

the front, he saw Mr. Elliott, who other gunboats then proceeded a and 3,000 meters. The stations anal dividend of 15 per cent., pleased that the staff in the Esst view to the matter being settled. ehort distance into the pass to are manned by a Chinese staff making 20 per cent, for the year; had been included in the vote. In reply the defendant wrote the hy the end of January, 1915, at leasting concern. Ita national wealth bring about the destruction of the educated by foreign experts in and we propose to place £1,000 and would see that the thanks of following latter, whiob was the 6,500,000 men had been mobilised and its national income had only enemy's baltories The Suffrou the Peking College of Com-to reserve for development, lea- the shareholders were conveyed in Germany, and of this total up-been alightly affected by the war, and the Charlemagne approached munications. The Woosungstation ing to ba

g to be carried forward $1,094 to them. The staff in the Best subject of the alleged libet: wards of 2,000,000 had been Thers could be no doubt be to within 2,000 of the forte of has been opened for day and 68, 3d. I am pleased to be able to had worked exceedingly well, removed from the fighting in the outcome of a prolonged oon- Sebdul-Bahr and Kaleast. They night service, and the Canton sta tell you that there was a saying and they thoroughly deserved the by death, disablement, aptore flict between the two Erapires. were fired op, but not hit. tion isopen from 8a.m. to 10 p.m. on the estimates on capital erpen: vote.

There was ng While Germany was utilising all Decoration for a Tonkin Officer. The stations are supervised by disure during last year and that The proceedings then terminat- parallel in modern history to the her means, only the fringe of our Haiphong, Lieutenant Carles of practical experience in wireless for the garrent year is less than

According to the Courriezd managers with six to eight years the estimate capital expenditure ed. economic conditions which this resources in men, money, food-the Native Guard, Tonkin, WBS work. The charges are 0.10 gold was anticipated a year ago. We vast displacement of labour would staffe, and raw materials had

The plaintiff gavel evidence, produce in Germany, and he gave been touched. Although Ger decorated with the Croix de la per word, with a minimum per also have hopes thas capital

debts had been paid, with the⠀ and in cross-examination said his reasons for estimating that Germany had been preparing for this 20 for bravery on the battlefield. L. and O: Express, 1

Legion d'Honneur, on February radiotelegram of $1 gold. quirements for 1916 and 1017 A number of well-known goli many's losa of production would war id the economic domain for The gallant officer wolt to the

will

not be so high as previously professionals, have joined the exception of two or three different amount to at least £876,000,000 mostly a decade, already, altor foot on August 4 and was ser- and he was constantly mentioned at present, the amounts already Cassidy, of Harrogate, who has After a discussion, his Lord-

forecast, and, go far as we can see Colours. These include sums (200 KLANTEN AL in the first twelve months. It is even months of war, lier position fously wounded on September 8, for his bravery and his excellens set agide ebould be sufficient to joined the E.A.M.G., L. Lewis, of ship arranged to use counsel in estimated that the average cost of had become desperatera maintaining the German troops Hocfelt assured that on the receiving four bullet wounds, at military qualities. He was wound bring the whole cultivated area to Heraha who is in the Royal ale private room. “On reti would be at the rate of at least whole the peoples of the British Farimont (Marne). At the end of ed again on January 12, this year, maturity,

Fasibers, and Qaper manupr day. Tor on Empire might face the future, so fighting line and he took part in gallant qualities gave; a fine ex- November he returned to the and by another display of his

and George Cawkwell to Court it was announ Coconut Cultivation, of Guildford, who is in the Army 10dgment would average number of 4,500,000 of far as the question of economic

You are aware that, in addition

defendant on terms: on this would

give a total ex-exhaustion was concerned, with different engagements in the smple of bravery and daty, to his to the ares under rubber we have going to Guildford, penditure for the army alone of a feeling of the most profound wood of La Grarie (Argonne) men,

198 acres under

tiva'the leading pro £2,000,000 per day, or at the tale ponfidence,

› byer one half Sheffield Ulaflot

loss of human life 300,000,000 Loss of production.. 400,000,000 The Austro-Hungarian army forces might be estimated at 3,500- 000, but it was probable that before the end of July a far- ther 500,000 men might be mobilised. It might be estimated that about 1,000,000 of these were not now available. The cost of maintaining these men might be "pat at 10a. periman per day. The Rasaian advance into Galicia had seriously crippled Austria and would make the task of financing the war one of supreme difficulty. The total loss to Austria-Hungary to July 31next might be estimated

as follows:

Direct expenditure

of Government... 582,000,000 Destruction of pro-

perty...

Capitalised value of

the loss of human"

100,000,000

life240,000,000

Loss of production 000,000,000

making a total of £1,502,000,000

[000's omitted.

Value

tion and Total Cost.

Pro-

of Life:

... 36,500 £250,000 £ 40,000 £ 200,000 € 626;500 3 perty.

553,400

400,000 1,400,000

958,000 2,775,000

Power.

Belgium

Russia

British Empire...

Austria-Hungary France ....

Total

Germany

“Mr. Crammond estimated that The British Empire was a go-

Or

་

Golf Professionals Enlisting

Dear Sir,I am" powerless in the matter. My clients are only waiting for the return of Lieat Morphy, when they will institute the proceedings Mr. 1 Bodkinadvised,

d be was satisfied laintif