1918-06-10 — Page 9

YESTERDAY'S

TELEGRAMS.

Banter's Service to the Telegraph.") PROGRESS OF THE BIO BATTLE

NATIONS WHICH HAVE DEFAULTED.

THE HONGKONG TELEGRAPH, MONDAY, JUNE 10, 1918.

GERMAN PAPERS

DEFENDED."

As the debts of the helligersat A resolution was adopted by nations have been steadily piling the Allied Printing Trades Coan- up to prodigious and inconceiv; cil of New York recently sgainst able garee, talk of possible the agitation to suppress or die.. rapadiation by ecme nations has criminals againet periodicala become more and more frequent, printed in the German language London, June It is argued that the debt of The resolution said, in part

The battle news yesterday makes

THE CHINESE STUDENT "TROUBLE.

Quieter But Still Sceptical.

EXCHANGE.

SELLING.

T ་་་་་ Demand 30 dis

80 d/...... 4 m/s........

it clear that the second phase of the Germany, for instance, which has far as we can ascertain, all of the denying fumoura sa to the alleged FT Singapore grand German offensive has ended opges perred the solvepoy German language newspapers in and Chins, has had soms +Keet_ju | F/T India ...

to

3.3 3/316-

3/34

Nom.

****** 1877%

14614

Nom.

Nom.

77

4 m/s. D/P.....

m/s. LIC.... .....3.4

6 m/s. L/C..... 30 d/s Sydney &

Melbourne 30 d/s. San Frano-1

1800 &NewYork}.

BANKS

BANK OF CANTON,

HEAD OFFICE, HONGKONG

FOREIGN EXCHANGE and General Banking Business Fransacted.

INTEREST ON FIXED

DEPOSITS:

Nom.. 4.40 £4014

For 3 Months 3% per annum

For Months 4% per annum.

3144

3/436 3,434

78

For 12 Months 41% per annum LOOK POON SHANT

-Chief Manager,

Baron Goto, the Foreign Minister T/T Shangbai....

The memorandum issued by

secret agreement between Japan 1/1 Japan limit of 100,000'000,000 marks New York nity are adhering alleviating the trouble regarding Demand, India The great attacks on the Noyon set for it by one German authority, strictly to the requirements of the Chinese students in Tokyo, who T/T San Francis- and Rheims line, which bogan on

co & New York/ May 27 have been replaced by locar-will, prove so staggering that Federal Government and are con have recently been retarning to fighting on solated sectors in which fecaling down" or repudiation in ducting themselves generally in schina sa a quel to police inters T/T Java.................. 151

ague from will become inevitable: ¦ manner that osnnot be construed the Germans have been far from Grest Britain even the Chan as detrimental to the interests of

ference with their attempte T Marks

T/T Francs... discuss the rumours. gaining fresh ground. They have cellor of the Exchequer has hinted these United States, in many is-

Demand, Paris On Tuesday - (14th instant) lost some and for at least two days seriously at the possibility of stanoes supporting the national

BUYING.. some Chinese aludents.of their general advance has become violent expedient, auch Liberty Loans and other war the Waseda University and some brought to a standstill. The French peoription of capital," to scale measures. We appreciate, in

other schools resumed attendance. indeed appear to have taken the down the after-war debt. common with the view of high but most are still out, while many initiative and have continued to

It would be perilous to predict Government ofoisle, and especial- prees back the enemy groups French that either of these things will by with the opinion of our Presie on their way back to China. experts declare, that the arival of take place but there are some aident Woodrow Wilson, that the As a matter of fact, 10 Ohinese Franch reserves is responsible for circamatances which render the American newspapers published shiro-mara on Tuesday morning, student left Kobe by the Tama the present equilibrium, which how possibility of a permanent rein the German language are the and 180 others who bad boarded mis. Francs evor they do not expect will re padiation of internal debt. by any best available mediums for plao- the Fushimi mara at Yokohama

6 mis. Francs main permanent. Their views differ of the warring estions exceedingly ing the American point of view

Demand, Germany.. Twidely on the question of when and unlikely. The first of these is regarding the war before a classile from Kobe sesterday

the Japan Chronicle of May 10) T/T Bombay where the Germans will make their that the war loans are distributed of readers who in no other way by the same steamer. fresh affert, but they agree in the con throughent the entire community. can get an opportunity intelligent The Hoshi quotes one of the fidence that the scope for surprise Repudiation of an internal loan ly to understand and appreciate Chinese students as saying tactics on the part of the enemy by any nation whatever in a thing the reotitada of the country'e is being more and more restricted rarely known in history. And It is pointed out that the livelines the temptations have often been recently reported on other parts of easily a relatively mell group the front must not be regarded as in- of bankere and people of ample dicating that a blow is imminent there. means, against whom it was no enemy difficult matter for the demagogue It is more likely that the baring failed to break through as to hoped is now taking a breather

to collect his forces.

losses

position.

4 m/s. Marka

***** Nom.

******

4.55 4.60

(Demand, New York: 774

T/T Calcutta Demand, Bombay... Nom.

Demand, Calcutta... Nom. Demand, Manila 35414 Demand, Singapore. 1377% On Haiphong On Saigon

On Bangkok........ Sovereign .........................

114% prem. 14% prem 4758

Gold Leaf, per 46 Bar Silver, per oz.... 4876

Nam

SUBSIDIARY COUNS

DISCOUNT. PER $100:

par. $1.00% prem. $1.50%

33% dis.

10

14

5

H

BANQUE INDUSTRIELLE- DE CHINE...

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

22,500,000 (14 of the Capital, in. Frar ca 13,000,000 subscribed by the Government of the' Chinese Repubile.)

Chairman of the

Board of Directors André Berthelot. General Manager A. J. Fornotte.

HEAD OFFICE: 74. Rue Saint Lazaro, PARIS.

BRANCHES

SHANGHAI TIENTSIN HONGKONG

In

PEKING

BANKS HONGKONG & SHANGHAI

BANKING CORPORA-

TION.

Faid-up Capital ...

RESERVE FUNDS

Sterling

$15,000 DO

£1,500,000 at 2!-

-$15,000,000)

Silver $19,500,000

$4500.000

Reservs Liability of

Proprietors... $15,000,000

- COURT OF DIRECTORS.

Hoa: H. Holres) CYTES G.T. X. Eating Bag.-Deputy, Chalmers. 5. R. Dodall, Esq. C& Gabber.

H., D, Landwer God. Mr. K. Sheilfe- L. V. D. PLT." BBQ.

CUTE MANAGEM

Hongkong-NJ, Stabb, 1497.

MANAGES

Shangband, G. Stephan; Zag Leedee are--London Dome at U Warminster Bank, zámlad

Hongtour-Insnes allowed)

On Current Accounts at the rara DE X par suIL SU

sanam on the daby balancs

ON FIXED DEPOSTIS,

For I'montba, 24 per caût, per ansvaĮ For 4 months par cect par ZƏRURİ or te wenths. € per cost, pOT SEZENÍ N. J. STABB,

Chief Manager

HONGKONG SAVINGS BANK TEZ Bases of the above Bank is conducted by HONGKONG AND SHANGHAI BANKING

CORPORATION Kales may be chained on application INTEREST of deposits in allowed on the wetu- La monthly balances ar al per cent par BLEKSA. Depositors may transfer, ni ibair option, balan

of too or mare to the Hanging and Shaughs. Back to be placed FIXED DEFORM cant-parenze,

Flam

For the Hougang end Bharthai Baking Corners

N. J. STABB,

Chief Managér.

SAIGON THE CHARTERED BANË OF

INDIA, AUSTRALIA AND CHINA.

HAIPHONG YUNNANFOU

BANKERS: FRANCE Société Général pour favoriser le Developpement du Com. merce et de l'Industrio en France LONDON...London County & Wext-

minste Back, Lid NEW YORK...Redmond & Co. Correspondents in the chief commercial

centres of the world.

Telegraphic Addent: CHIBANKIND.

Interest on Current Accounts and Fixed Deposits in Local Currency and in

"We are grateful to the Foreign "The Allied Printing Trades Minister for his memorandum on the diplomatic question, but we Council is naturally interested in

cannot but feel that it dose not the welfare and protection of its touch the facts. If that mem membership." the reeclation conorandum can be issued now, we tinned. "The suppression of the do not see why it should not have to arouse class prejudice. In the German-language

newspapers been issued earlier, to dispel our present war, because of the enwaald deprive many of its mem- armous amounts which in bas bera of their means of livelihood. we find it difficult to feel assured misgivings. At present, however Field Marshal Sir Douglas Haig been necessary to raise, this con- We are willing to make unless a more definits statement 'kong 50 cts sub. reports: We mided a post on the difion does not apply. The poor necessary Borifice that will

is made. In any case the Chinese night of June 6 north-eastward of and the rich alike bold bond strengthen the bands of the students have agreed to take anch Bethune, inflicting casualties and They are held not only by si Government in this great world sction as they deem fit, and some Canton capturing a machinegun without classes, but in all districts, arba struggle for freedom and de-

and rural, and in every sec-mocracy. We take second place may refrain from returning to A French communique states:tion of the country. The bond- to no other element of the Ameri- China for the time being, bat

Fatal Flour Fumes. North of Mont Didier and west of holders are numerically powerful. can people in our loyalty and most of them will probably go Noyon we made several successful One of the German losas bad patriotiem, having about 2,000 back to their own country."

7,000,000 subscribers; the last members now in the eervice of shranises with the arrival of of a vessel at Dublin recently to Unfortunately the trouble. syn- Foar men descending the hold the United States army and navy, tourist party of 38 Chinese school anload a cargo of flour were over- Liberty Loan had 9,400,000.

But, the argument continues, and having subscribed to teachers and studente from Chins come by fames and were picked the present loans incomparably proximately $2,000,000 in the Aise we improved our positiona surpses in size any debte pre-Liberty Bonds and War Saving They arrived at Kobe by the lap later by a member of the Fire HONGKONG BRANCH,

Kasuga-mera on Tuesday morn-Brigade, who was himself over. south-east of Ambliz. Between theviously known; the Governmenta Stamps; but we cannot Ese Dying (14th instant) and took up come after rescue work. lasting | Duroy and the Marne we continued and future generations will not necessity for the agitation being their quarters at the Deguchi|29 minutes. On being, brought be able to support so staggering carried on to suppress, boycott, Hotel, Kaigan-dori. In view of to hospital, the four men were In the region of Veuilly la Poterie a debt. This argument ignores | and exclude from the news stands the trouble regarding the Chinese dead, and she fireman was with

that the interest and principal of the Garman-language..., nawe

students in Tokyo, it is reported difficulty

brought round by that care is being exercised so that artificial respiration. an internal debt is paid by the papers."

the malcontents shall not come into contact with the visiting party.

coups de main and took prisoners. North of the Aisne we by a night attack captured the village of Le- part, west of Fontenoy. South of

local operation.

we increased our progress and cap-

tured the village of Vinly, north of Clignon and also the woods cost of the station of Verilly la Poteric. We also gained possession of the atskirts north of this village. Farther south American

gare s

hundred in these actions.

people of a country to themselves.

The only person who will "stag,

ger" will be the large taxpayer, review,

In other respects the

+

Chinese Cotton.

Exchange business transacted. Gold. Terms on application

Incorporated by Boyal Charter 1553

BEAD OFFICE:LONDON.

PAP CER £900,000

BESERVA

REZERVE LIABILITY OF

PROPRIETORS

2000

FOREIGN FICHANGE and General Hacking

business traZIICLES.

FIND

• CURRENT ACCOUNTS opened and DEPOSITS received for 1 year or aborter periods, t rates which will be quoted on application.

1. C. DOWNING,

Manager, Hongkong, 11th April, 1912.

MERCANTILE BANK OF

INDIA, LIMITED.

Every description of Banking and Special facilities for French exchange.THE

M. ROUET DE JOURNEL.

Manager.

Queen's Building,

5. Chater Road.

NOTICES.

NOTICE.

LIMITED.

DJ

TIME TABLE.

18.00 1.30 11,80 KAL

BJ4Z.K.

ZIGET CARR

Tot 2440.

LI YA UME...,9 1.16. EM 0 13.30yət every balf hour.

ILOR PALÁG 11:46 PAL STRZY ZDACJer of sa bout. MIDATE:

i

and even he will not stagger if he year is considered quite unevent The tourists at first intended

The weekly cotton market re-PEAK TRAMWAY CO. happens to hold an amount of ful. The Nicaraguan external to inspect educational affairs in troops bonds equivalent in the interest debt was settled on terms fair to Tokyo and elsewhere, but it is part of Maser, J. Spent & Co. gained ground on the front of Torcy, they draw to the amount of taxes, the bond-holders and honourable reported that they have abandon for May 30 states:-The market Belleau and Boureeches. West of be paye; and it is altogether to Nicaragua.. At the beginning ed their intended journey to the during the past week has been Chateau Thierry a spirited attack likely that the relative holdings of the preeent year, Paraguay capital, contenting themselves protically featureless with down- ward facinations within narrow These two with inspection in the Kansai Hill 204 Between the of bonds by diferent classes of resumed payment,

limits. There is a little business, Marne and Rheims British troops re-the community will bear a rough repablice have been removed district, gained a footing in the village of approximation to the relative from the Council's black list. But Yesterday about 70 Chinese and hardly soy decided opinion Bligoy and inflicted heavy losses tazes those classes pay. The Liberis, having failed to pay the students of the Imperial Usmong those who operate, that a on the enemy. We "prisonered a war, no matter how financed, is interest due in January last, has to iversity, the Third Bigh School, purely scalping market has de- being paid for, and must neces- be removed from the category and the Medical School in Kyoto veloped, sed what appeare a cheap purchase to-day, turns out An American official message Bezily be paid for, while it is of countries

paying their cessed to attend, and 40 of them to be a doir que a few days later. states: In an attack north-west-being fought. It cannot be paid obligations in full. The have decided to retorn to Chins Under such circumstances, and ward of Chateau Thierry on the for again.

inability of the republic to It is alleged that their decision is morning of June 6 we, in conjunction Yet these considerations do not meet its obligations is solely due due to instigation by some Chin. with the yarn, market being in the sluggish state it in to-day, with the French, advanced our line apply to 'external loans. Fore to the fact that, owing to these students in Tokyo.

it is doubtless wise on the part of igners receive the interests; and lack of shipping facilities due to

buyers to hold back pending s the one practical reason why it is the war, the trade of the country

decided turn one way or the paid is that that is the only way bas been brought to a standstill,

other. New Crop Planting of secaring fatore loans, The and the Council are hopeful that

A Resolution parsed by 400 operations are in full swing and Chancellor of the British Ex the present difficulties may be Danish officers of the Mercantile it is reported that over two thirds chequer was compelled to take tided over.

Mazine, saying that intercourse of the crop has already been Only three States have entirely with German seamen must be planted under favourable weather ap this week, in consideration of the budget, the question of Grest defaulted since hostilities began broken off for a considerable time conditions and all we require Britain's loans to her allies With-Gervientes, Ecuador, and Monawing to the deeds committed by now is good dry weather for the the King a decree placing a tax of reference to the Russian debt, he tenegro. In default when war U-boats against neutral seamen, next few weeks; under ordinary 50 pesetas per hundred kilogrammes asid he did not believe it should broke out, and still in that son has evoked an indignant reply circumstances the prospect for a

f raw American cotton, 50 pesetas be regarded as a bad one, because dition, are Honduras, Mexico, and from Germsa resmen.

south-ward of Jorcy about a mile, captaring prisoners and inflicting heavy losses in filled and wounded.

"SPANISH COTTON TAXES.

Madrid, June 1. (Delayed). Fremier Maurs has submitted to

meat

on Egyptian cotton, 374 pesetas en ultimately there would bean order. Ban Luis Potosi, Honduras and Indian cotton. The tax upon manu-l Government in Busesis. That Ecuador are probably the worst factured cotton will be 20 per cent. country's natural resources were offenders. Honduras has now higher than that on Egyptian cotton great, and could be developed remained in uninterrupted default Part of the proceeds of the new only by the aid of capital for twenty-five years, and when taxation will be assignable to the Whenever there should again the Council of Foreign_Bond- payment of wages in the cotton be a stable Government in Russia holders reminded the Govarn- trade during times of unemploy- foreign capital would be required, ment that the delegates of the and that Government would republio to the Pan-American fealise that it could not be Financial Congress of May, 1915. obtained unless previous debts had declared that the country U.S. TRANSPORT TORPEDOED" were paid. But the Chancellor was in a position to devote proposed to write off half the debt $410,000 gold per annum to the London, June 7. of the Allies as though it were amortization of its debt, it was. Washington, June 1. (Delayed), Great Britain's liability at the informed that the statement was Admiral Sims reports that the end of the next year, and also the ansuthorized and merely the per- transport President Lincoln, 18,000 debts due from the dominions sonal opinion of its delegates, tons, while homeward Bound was and Indis in full, a total of $5, The Council thînka the failure torpedoed and sunk. There are no 620,000,000, because "national of Ecuador to comply with its accounts must be kept in the contracts arises not from lack of same way as business accounts, means, but of the desire to THE ITALIAN FRONT.

and for the time being we must pay its debts. The balance of make, allowances not only for trade is largely in favour of that London, June 7,

what is happening in Russia, but country. While paying, nothing An Italian oficial message states: for the possibility thar at the end to the Gasyaquil and Quito bond- We entered the trenches fronting of the war, we might not be able bolders, the Governments is Mont Divalbelle. We prisonered to rely on receiving immediately spending money on fresh raïfrond fifty and captured six machinegun the interest justly due nas from construction and the Finance The French by a surprise attack all our allies." g

Minister in his report for 1916 The repudiation of the national boasted of the existence of the prisonered 21 on the Bissmol front." We set fire to shelters and blew up debt of Hassia is given in the large each surplus. The Council a large ammunition dump in the forty-fourth report of the daring 1917 formed a committee. Tonale region. Aeroplanes dropped Corporation of Foreign Bond to protect the interest of the five tons of bomis on military ob holders, a London ecotety, me the holders of Mexican Government jectives."

ontatanding event in their annual: necuritien.

details.

Danish and German Officers.

bumper yield seems promising.

VISITING

THE HOME OF

PRIMO

10.90 AN

1LOC AM

10 Max

15 п

ל

MAKUNDARN:

BPKGEAL DARI

sy ápringresos as the Company's Offian,

Auzandra Roldings. •.

Der Toen Road *Snake and passeh-Mabem, avaliable Joe 633 SKJE NII Szendy fui, ruaning at to this sited in the Cesspazzy's tune tables, but not for spredni enzs, nou, be obtaland on application, at the Onanny's, Ofenseño Banko tehes will be poets, mall pagoms theretos has been made bu pulk stad de By Chaque de Chargesdorn

AL JOSEN PERUSPERSYS NOOgd

THE CHINA PROVIDENT LOAN AND MORTGAGE CO. LTD.

Capital Paid-up...$1,250,000.)

Lates in Morigogo of Hones Property, JON

Lomas zonde má ties Providens Byshoni.

Galer and Parkentaci in som

SHEWAN, TOMPS & 00.,

General Managers. %.

BEERTEL

STOCKED AND SOLD BY ALL

WINE & SPIRIT MERCHANTS, HOTELS & CLUBS.

H.

RUTTONJEE & SON,

WINE & SPIRIT MERCHANTS,

A POLSSTEEL

Head Office 15, Gracechural atreet, London.

Authorised Capital........£1,500,000 Subscribed

Paid Up

帆

Reserve Fund

BANKERK

The Bank of England

1,125,004

$62,350

€50,000

The London font Stack Bank Links

Fombay

Caketta

Colombe

Dalhi

Calle

Hooghoog

Howiak

Kandy

BRANCHES

Kanchi

Inters

Koala Legge

Indra

Fenang

Kangoo

Fort Locks (ztúka)-

Magriors

- BONGKONG BRANCH, Every description of Banking and Zachap barier traseradi.

Interest allowed on Correct Accountant #pir.com. pas annons on Dally Balances, and on Fland Dwon at rates which may be ascertained an applentieri

C. CHAMPKIN.

Acting Manager

INTERNATIONAL BANKINQ

CORPORATION

HEAD OFFICE:

1. Wall St, New Yoh..

LONDON OFFICE Y

35, Bishopsgate, IC. CAPITAL & SURFPLUS S. $6,500,000 UNDIVIDED PROFITS US $1,715,491-

US$8,213 497

BRANCHER :-

BATAVIA BOMBAY CALCUTTA

LONDON MANILA

PANAMA FYKING.

CANTON CERO. COLON BANKOW

КОВЕ

MEDELLIN SANTIAGO

PUERTO

KARTO DOMasas SAN FRANCISC

DE LOS CABALLEROS,

SHANGHAI

PLATA. BINGAPORY

HONGKONG FAN PEDRO FOERABATA

DE MACORIE TIEKTSIN

TOKOHAMA

Through its close · millation - with NATIONAL CITY BANK OF NEW YORK the Bank J able in odata Services of Che Branches of that Institution in Cats Sowy America, and alwborn, Dam slysac -EAHLAGU BUENOS AIRES,

DARADAN

BENDA, HASAN, MONTEVIDEO, MOBOOW RIO DE JANEIRO SANTIAGO DE CUBA CANTOR, RAI PAULO. PIOTROGRAD VALPARAISO, 1

All kids of FOREIGN & LOCAL HANRISE: BUSINESS trenercted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS-Deceived at rates to be sacartaload

GEORGE HOGO.

Fongkong, 26th September, 1216

THE

YOKOHAMA SPECIE BANS,

LIMITED.

Established 1880.

Authorised Capital Yen 48,000,000-

Paid-up Capital ...,

Reserve Fundam

42,000,000

25.100.000

Head Office-YOKOHAMA

„Bomber and Zoston,

Burgos 35 rhi - Lyons

Boupbuy's

Honolulu

Hew York

„Palding

so goo

KISHTU