1918-05-03 — Page 9

EARLIER TELEGRAMS.

(Domained from page 7.)

THE WESTERN FRONT.

Interesting Review of the Situation.

London, May 1. As details of Monday's fighting are received, confirming is to be the worst, day the enemy has experienced since the opening of the great offensive, the papers, hitherto reticent in view of possible fluctuations of the battle, now comment on the operation in a tone of confidence they "Of Baja, have a yat not displayed. As the "Times" all the violent combats witnessed in the last few weeks wo know of tone which is a more hopeful sugary for the Allies than this ten mile German failure." It is pointed out that the public are apt to reckon victory in terms of offensive #ocess, but a defensive victory like Monday's may contribute equally towards the ultimate object of the campaign, namely the destruction of the enemy fighting strength_|

From this viewpoint the Germans, despite their specta-. cular successes, can be regarded as having had the worst on a balance of nearly six weeks" fighting for it must not befor gotten they have sustained a series of defeats dusing the päst fortnight Indeed, apart from the capture of Kemmel it has been one complete failure including four separate, defeats in pitched battles, namely, La Basses canal, the Belgian front, Villers Brestonneux and now the Bailleul-Ypres front. The culminating effect of this bas been to immensely increase.. the confidence of the Anglo-French troops whom the corres- pondents describe as now feeling that they have got the mesaure of the new enemy divisions. Other strokes will doubtless come before the German reserves are exhausted but conidence is felt that wherever the Germans try they will find the Allies ready. Now that the attack of no fewer than a hundred thousand Gormans bas been broken in a sheer trial of strength on ground none too favourable by a thianer Allied line there is a growing hope that Ypres will not be abandoned. The Germans are apparently as anxions to capture Ypres as they were Verdun two years ago and it now looks as though their experience at Verdun is about to be repeated. The loss of Ypres will be less serious than the loss of Verdun would then have been but now the Allies have shown the ability to hold positions with a foros spali Then compared with their assailants it may be advantageous to told Ypres and continue to inflict enormous, losses. The correspondents emphasise that everything favoured - the Germans on Monday. They had magnificent artillery sup port, a favouring fog, innumerable machine-guns, masses of men and a limited objective yet they failed after experienc ing a day of steady slaughter which only slackened with the fading light The British alone, between Laclytte and Zille- beke, deleated five German divisious but French valour is praised at the highest. They were fighting alongside the British, their batteries firing on the same fields in a spirit of the most loyal co-operation.

The "Daily News" concludes a hopeful editorial regard- ing the whole position by saying: "The new British advance in Mesopotamia threatens the most vulnerable heel of the Germans' military system. Things are not going too well in Russia. The fact that Germany wants the prisoners in Rus- sia back on her own terms throws some light on the state of ber man power problem, nor is it clear that Germany's effort to browbeat Holland is working to her advantage. Added to her economie auxieties Germany has her handa pretty full.

I

Artillery Activity.

London, May 1. Beater's correspondent at British Headquarters, report- ing to-day says: Activity on the battle front during the past twenty-four hours has been confined to artillery. The Franco-British batteries have constantly shelled Mont Kem- mol, Unless the enemy" can push on beyond this isolated faatacas to may find the tragic lesson of Majuba repeated and the hill top practically a deathtrap. The real advantage of Remmel to the enemy is tactical. He is now committed to trying to push on and capture the whole chain to Mont- cats.

1

Congratulations for the Ni th Division.

London. May L.

The Press Bureau states that Field Marshal Sir Douglas Haig has congratulated the Ninth Division on its great gallantry at Wytechacte, Lya and on many other occasions southward of Arras, the Twenty-fifth Division on its courage, enterprise and resolution in the counter-attack of April 28, the Thirty-first Division on its Ene fighting qualities at Lys and southward of Arras, the Forty-ninth Division on its valuable service in checking the enemy northward of Armen- tieres, the Twenty-first Division on its gallantry and resolu tion southward of Arras and northward of Lys and the Nineteenth Division on its determined courage southward of Arras and southward of Ypres.

Heavy Enemy Losses

London, May 1. Field Marshal Sir Douglas Haig reports: The French took ninety-fourprisoners in last night's counter-attackat Locre, Farther reports confirm that the enemy's loases were most heavy in yesterday's unsuccessful attack. There has been po infantry action to-day, except local fighting. Our patrols have brought in prisoners southward of the Somme.

A German Report.

London. May 1.".

A wireless German official message says: We captured several English trenches northward of Voermezeele and Vier- "straam. The French re captured Locre.

Violent Artillery Firing.

London, May 1..

A French communique reports fairly violent artillerying

in the region of Villers Bretonneux and on both banks of the Avre.

Bombardment North of Montdidler.

London. May i.

A. Freach communique reports a fairly lively bombard- ment north of Montdidier.

CANADA'S WAR FINANCE.

Ottawa, May 1,

In the House of Commons Mr. Maclean, acting Minister of Finance, stated that the year's war expenditure amounted to, £80,000,000 and the total since the outbreak of waz to £175,000,000 Canada's net debt was £240,000,000. It is esti- mated that the deficit for the current year will be £30,000,000 to be provided by loans raised in Canda.·

INDIA'S LOYALTY.

London, May 1 The Press Bureau states that the Viceroy has transmit- Red to the King Emperor the Delhi Conference's unanimous resolution of loyal response to His Majesty's message, and, ita assurance that India's man power and resources will be utilized to the utmost in the cause for which the Empire

fighting,

HMS VINDICTIVE,

An Example and Inspiration,

London, May 1,

In the House of Commons, Dr. Macnamara stated that the Government is considering whether to leave HM.S. Vindictive unrepaired to be shown as an example and inspir- ation to the public.

-THE-HONGKONG TELEGRAPH, FRIDAY, MAY 3, 1918.

ANNOUNCEMENT.

IN the absence of Madame LILY who is at

present on her way to Paris where she will personally select new Modes and Confections for the next winter and following Summer Seasons, Mrs. Aris will

ave charge of THE MAISON LILY.

As it is desirable that in the interim an effective clearance may be made of all present stock, whether new or old, instructions have been given to sell when requested. DRESS MATERIALS

by the yard. Corresponding concessions will be made in respect of the many other lines at present stocked at

ALEXANDRA

COMMERCIAL NEWS.

Indian Hides and British

Tanners.

to

BUILDINGS.

EXCHANGE.

BELLING.

3/176

3/12

-3/156

3/194

3/178

-Hom.

1394

14214

Nom.

Nom.

Demand, Paris

m/s. LC........

Government contract cargo, bat| we be reports that the Nippon Yaesu Kaisha contemplate short- ly putting up their rates OD cereals, etc., to 1000/- per ton, FIT with other commodities in pro. Demand Vaziona steps, the British from Japan to the United King...........

portion, by their extra steamers

30 dis....

60 d/B............. pire Producers' Organisation

Vi Faicas. Owing TT Shanghai... understands, have already been lom.z taken to secure that after the wat The Imminent reduction T/T Singapore the British not the German of tornage on the Pacific I/T Japan Empire shall benefit from India's there is every indication of rates T/T India wealth in hides. Many Garmen hardening and it is almost certain Demand, India hide-buying firms in India have that the Trans Pacific Freight TT-San Francis-1744 besneliminated, and British firm-Tariff Barena will increase its co & New York/ are being stimulated to eater this rates from about middle of May TIL Java....... 15734 profitable business, The ultimate to . $60 per ton, weight or

T/T Marka............ Nom. objret in view is the tanning of measurement, for general esign

T/T Francs... - all Indian bides by British Antimony to G. $30

per 2006 ianzara in varicas parts of the be; Tea to 860; Pongess to $70 Empire, and comprehensive a plas 1 per cent. ad val. and Silk this policy is, it is considered to $10 per 100 lbs. Ucastwise

6 m/s. C. by exports to be quite within Our Northern market has shown

30 dis. Sydney &Į the limite of the practical. rather more activity sizce our last

Melbourne Prior to the war the Indian laneand the liners have been fully

30dle. San Franc-1 hide trade was almost entirely in employed in their regalar tradea.... Germen hande, and Germany and there is a certain amount of 4 m/s. Marks

isco &New York) Anetria together were taking 70 enquiry from Newchwang and me. Francs 43914 per cent. of India's production, other Northern parts and there is 6 m/s. Francs. the balance being tsared by so plenty of cargo Bering from Demand; Germany British firms in Indis. At present Yangu, potte The Hongkong Demand, New York: 7434 the British Government is the market is ruling slightly easier at TIT Bombay sole buyer of Indian hides, acting present. For New York vis Demand, Bombay... Nom. through a buying committee of Panama. The Toyams Karn. Demand, Calcutta... Nom.

T/T Calcutta leading British firms set up by which was to have sailed from Demand, Manfla the Government of India. From Japan, at the end of this month, Demand, Singapore, 1334 this buying committee members has been exchanged for the Tostori On Haiphong of the German baying "ring" in Mare, leaving early in May after On Saigon Calcatta, whatever their ration which there is no vesel fixed for On Bengkok. ality, were, it is understood this berth as yet,

to

BOD

"Miss Ellen" Terry.

4 m/s DP.

BANKS

"BANK OF CANTON, LIMITED.

HRAD OFFICE, HONGKONG

Banking

JORRIGN EXCHANGE and General Fransacted.

Business

INTEREST ON FIXED DEPOSITS:

For 3-Months 3% per annum.

For 6 Months 4% per annum.

For 12 Months 4}% per annum LOOK POON SHAN;

Chief Manager,

BANQUE INDUSTRIELLE DE CHINE.

Subscribed Capital. Francs 45,000,000. Paid up

$9,5/0,000. (34 of the Capita, Le. Frat ca 13,000,000

bscribed by the Goverment of the

Chiness Republic.)

*

Chairman of the Board of Directo's André Berthelot. General Manager

A. J. Pernatte. HEAD OFFICE:

74. Rus Saint Lazare, PARIS.

RRANCHES;

SHANGHAI TIENTSIT HONGKONG

·In

PEKING

SAIGON HAIPHONG YUNNANFOU

BANIERS; FRANCE. Scció:é Général pour favoriser le Developpement du Com- mercs et de l'Industrie en France LONDON... London County & Fort-

minites Bark, Ltd.

NEW YORE... Redmond & Co. Correspondents in the chief commercial centres of the world.

1:

Telegraphic Address; CHIBANKIND.

Interest on Current Accounts and Fixed Deposita în Local Currency and in Gold. Terms on application,

Every description of Banking and Exchange business trar sacted

Special facilities for French exchange.

M. ROUET DE JOURNEL,

Manager.

HONGKONG BRANCH, Queen's Buliding,

5. Chater Road

NOTICES.

Tel: 2140.

!

NOTICE.

DEAK TRAMWAY CO. LIMITED.

TIME TABLE

LK LK. 100.00 11.00 A... 12.45P.X

4.25 4.2434

BUYING.

*3/256 3/234 3/3 3/3

11.0

1.167.32 20

2.201..

150 M

Free

7512 Nom.

4.4436

*14874

1% prem 14% prem. 194

A

Sovereign ... 6.35 Nom Gold Leaf, per oz... 44.80 Bar Silver, per oz.... 491%

SUBSIDIARY COINS.

be excluded. · This sible policy once adopted, the Indian Government esem, how- ever, to baye repented of it,| and to have.euggested that the English buying frms chculos. Ellen Torry, who attained 'kong 5 cts sub. $2,00% dis

her 70th birthday Tecently asked

mem

work is conjacotion with bers of this old German "ringer friends to ignore such a minDY The English boying fi me beve matter...

very properly refused to have anything to do with such proposal. They look to the Britiab Government to see that thei efforts to make the Indian hidr -business, from Taw material to finished leather, a British enter, prise throughout shall not be hampered by official flabbies> in Ladis. This matter ie of vital importance to the British Empire. Failing a practical interent in Indian hides by Brisieh tanners. Germany will, after the grar, onc more be able to control the trade, and, incidentally, as in the past. make her army's hoole out of Indian raw material.

Shanghai Freights.

Masera Wheelcok & Co.'s (Shanghai) Freight, Market Re port of April 25, states:-There

C H

M

DISCOUNT PER $100!

10

50

Canton 20

2

par.

1.00% dia. 7% dia.

C

U

P

E

A C

E

is no change to report in on As originally supplied to NAPOLEON The Great.

Homeward Freight market to the United Kingdom na far sa British tonnage is concerned me the

-The line, quality of the wine wilt once commend to the most critical-

SOLE AGENTS FOR CHINA:

whole of it is still carrying H. RUTTONJEE & SON, 16, QUEEN'S

ROAD

LA P..

HIGHT CANS.

HYDET JA MIL

18.

2010 200L

1 M

12236 and § 8.3 1.80 ze 1180836,"alway-half hour,

11.00 3,0 11, P. STORY CÓMetar að að kass- SUNDAYA

11.00 AL 1999 Noon

to Mix. 10 MIN

Been to 10B P.M.

:20 Mr.

16 MIN.

7. M 1.30 1230

EISET GARS suân Wash Dere

A

"KATURDAYE

1250 TADI GAR

By Arrangloved në tha Gompert's Office. Alezandra' BaDdings, Des Voeux Rosa

* Babacs, and panch lakaw grabežle for al ́aní zat krátký žal, roandig så tas žiedo dežel ja tine Courant 3 ming solat, but not for spesial

Delätys Dzset jo-2d Benico, meker will be Įmond Cuti peyzoważ shazutor has been made I'm Back Metas ar by Chaque or Compradore

contare zugononching Back Nolen."...

JORGE E. AKAMPERNIT 2 00,

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

¿Capital Paid up...81,250,000.) Loren Morigags of House Property, dia, Moods zacatved on florage, kdeneta Zabón on Merebucion.. Zeus mondo un ice Provident System. -

ATTORIEL, 6o. Undertakes all)

Photos and PartiesLAZI DI appŭmuševným z SHEWAN, TOMES & CO.,

General ManaS' OFE.

MARTIN'S PIOLASTEEL

VEK HEIMINN manéty Savall təvagilarities,

Maskurs jede in the hope to linkou the tast Man of any frengulely of the Bysława m

Ebiekt, Boatrainprat, ENG.

MARTIN'S

APIOL &STEEL CEPILIS

BANKS HONGKONG & SEANGEAI - BANKING.CORPORA-

NORTION,

Paid-up Capital .......: RESERVE FUNDS

Sterling

£1,500,000 at 21-

**$15,000,000

Silver 819,500,000

Reserve Liability of

Proprietors

G.

$1,000,00

$450 000

$15,000,000 COURT OF DIRECTORS. H: ME. Hotros'— Oblier at

M. Eddins, Bag-Deputy Chikkanaa.

Hen, Mr. P. Landale, Pau. Mr B. Se

JA Plummer Zug" EV. D. Part. Es

0.5. Gabbar, be

CHIEF MANAGE

Roughing-N. 7. Saba. Dog,

Shangbal G. Stephen, Zeq London Zakara-London Conscy me Weiner Bask, Zimited

Hongkong-Isterest Allowed!

On Current Accounts, at the rate of 3 per omů poz

kanum on the daily balista

ON PIZED DEPOSITS,

For 1 months, If per cent. ŞU ALDUN 70x 5 mootie 2 pAT CERT, DIE BEDRE

or in months. füper cent, pE GREEN, N. J. STABB,

Chief Manager

HONGKONG SAVINGS BANK

THE Sites of the abere Zany I ponctueran by the HONGKONG AND SHANGHAI BANKING TORPORATION Rules may be obtained on applicationt INTEREST on deposits in allowed on the man- feem monthly balances as Usé par zest paraben, Deposiers may transfer, at ibeir opeína, balanom of $100 or more to the Hongkong and Shanghai Bank to be placed on FID DEFORT - ME =

CEAL POT ERROR.

For the Hongkong and Shanghal Banking Carport plos.

N.J. STABB,

Chief Manager..

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter 1589,

FUD ONCE-LONDON.

FAID OF CAPITAL

£1,900,000

BESKEVE FUND

€1,900,000

RESERVE LIABILITY OF

£1,900,000

PROPRIETORS

FOREIGN EXCHANGE 'and Gases Banking

benness trapSICERË. CURRENT ACCOUzte. opened and FITED DEPOSITS received for 1 year or shorter perioda, st rates which will be quoted on applica: on.

TC. DOWNING,

Manager. Hongkong, 11th April, 1912.

THE MERCANTILE BANK OF INDIA, LIMITED.

Head Office 15, Gracechurek

Street, London.

Authorised Capitu) ...............£1,500,Bet

Subscribed

Paid Up

Reserve Fund

BANIFFE

1,125,004

$62,504

650,000

The Bark of England. Tas Lotion Talet Steck Bank, Lima: BRANCHES

Zombay

Calcutta

Colomb

Delti

Gule

Hongkong

Howalk

Kandy

Port Loris (Baerdo,

Karach

Kota Ba

+'

Fot

La

ingepend

**HONGRO (GRANTE,

Every description of Banking and Exchang besless transacted.

Interest allowed on Current Account of plecam! garantum on Dally Balances, and of Fland Dupend at rates which may be acertaleed on application

C. CHAMPRIN

Acting Manager.

INTERNATIONAL BANKING CORPORATION,

HEAD OFFIT:

15. Wall St, New York,

LONDON OFFICES' 36, Bishopsgate, EC. #

CAPITAL & BUBPLUS- ELS, BEZIGO O UKDIVIDED PROFITE VA $1,713,491

US.

BBANERA -

3213491

BATAVIA LONDON SARTO DOMENAS BCWRAY MANILA SAN FRANCISC CALCUTTA MEDELLIN, SANTIAGO CANTON PANAMA CEBU

DE LOS FFKING. COLOX

CABALLEROS PUZETO BANKOW PLATA HROAT OB

SHANGHAI

HONGKONG YAN PEDRO TIPATED KOBE DE MACORD YOKOHAMA

Through Its close" «Elmión "áska! q NATIONAL CITY BANK OF NEW YORK The Bank is able to offer a Services of the "Bracher of that. Institution in Cube Sou

America, and tinahmen, namaigi

BARTA BUZNOS AIRES : CABADAN BENOA, HATAN MONTEVIDEO, MOSCOW RIO DE JANEIRO - SANTIAGO DE CUBA PANTOS, KA PETROGRAD VALPARAISO,

PAULO.

All kinds of FOREIGN & LOCAL BANKING- BUSINESS transacted.

CURRENT ACCOUNTS opened and #IXZO DEPOSITS Trend at rates to be ascertained, application.

GEORGI BOGG

Hongkong; 26th September, 1916

THE

YOKOHAMA SPECIE BANK. LIMITED.

Established 1880, Authorised Capital Yen 48,000,000 Paid-up Capital ... 36,000,000 Reserve Fund.

23.100,000

"

Bead Office. YOKOHAMA

and

Loction

Lycom

Branches

Bombar Dalecti Changdian ¡Dalen...

Barlin

Hayzow Honolula

Sta! Yoan

•Kobe

Manila Sugamukź

Bawanank

Now Yesk¬

Pricing Хандров

Marc