1919-06-10 — Page 3

GERMANY'S ASSETS.

*»[1

RESTIMATES OF AMOUNT OF

· FOREIGN SECURITIES,

*

Zurich Switzerland, March $.—— In 1905 the German Admiralty estimated Germany's assets in non-European countries at 16.. 000,000,000. marks, equal to $4.- 000,000,000. Since then Germany has introduced, the compulsory fee stamp for all foreign securities imported into the -country. In the ten years from 1905 to 1915 such fees were levied on capital of 4,700,000,000 marks. If We add

to these the German investments in Europe. namely. $1,900,000,000 marks in Austria. and Bulgaria: 4,300,000,000 in Russia, and 6,400,000,000 in European neutral countries, we find that German foreign assets in all countries together amount to thirty-five thousand millions of marks in gold value' of pre-war times, equal to nine thousand million dollars.

These represent assets in securities. As to the Bysets invested in partnerships, they are only numerous in countries bordering on Germany, and per haps also in countries where many Germana reside. In countries such as, for instance, Scandinavia, German investments in the form of securities were comparatively small, and amount- ed for Denmark, Sweden, and Norway together to scarcely 1,000,000,000 marks, as the capital) market of these countries was already developed and satiated.. The same applies to Switzerland and Holland, where German) investments in the form of securities amount to only 600,- *000,000 marks.

OTHER SECURITIES HELD.. But just in such countries Ger- many's individual commercial partnerships are far more nu- merous. Statistics published in the year 1916, for the purpose of regulating the German currency, asserted that a large amount of negotiable securities were in Ger man hands at the outbreak of the wir. These statistics pretended to prove that securities of enemy Countries in German hands mounted to 7,400,000,000 gold roarks. securities of Allied countries to 4.800.000,000 gold marks and securities of neutral countries to 10,400,000,000 gold marks.

As the aforementioned statistics take into consideration and deál with Italy, the United States. Brazil, etc. as being neutral, the

THE HONGKONG TELEGRAPH. TUESDAY, JUNE 10, 1919.

NOTICES

Twice Welcome when You Bring Victor Records

No matter how entertaining you are, you link yourself with the greatest of all entertainers when you bring with you some records for the Victrola.

Everybody likes to hear new Victor Records because they bring the art of the world's greatest singers and instrumentalists into the home. Your thoughtfulness, and good taste will be appreciated and the records will give permanent pleasure.

Drop in the next time you. pass this way and let us play records that will please you and your friends. We have a very fine stock and it will be a pleasure to serve you.

MOUTRIE'S

DON'T

Exclusive Agezia.

mok the consequences through

NECLECT

infailing to procure glasses to preventi̟ the strain an

Let up

YOUR EYES

you with just the

glasses you need without deinging

A DAY LONGER.

OPHTHALMIC ‘OPTICIAN

N. LAZARUS

28: Oxeca's Road, Central.

latter figure has now become WILLIAM C. JACK

smaller. These statistics thes amount to twenty-four thousand millions of gold_marks in negoti- able securities. The blockade and/ other economic war measures have especially depreciated the value of German investments in non-European countries, parti- cularly so in the case of money invested in purely commercial enterprises.

It would seem as if the new Socialist Government in Germany is prepared to confiscate foreign securities in German hands in order to provision the country with foodstuffs and raw materials. Zurich banker told me that the best securities thus owned by Gerinan banks will not be avail! able, as these have been mortgag- ed with neutral banks since the third year of the war. Especially such securities are mortgaged as

CÖTLTD

WHATEVER IS WORTH DOING IS WORTH DOING WELL

Is the motto of our Wanchai Workshops They are equipped for:-

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Electro silver and nickie Flating

Tinning. lacquering and Bronzing

Repair work of any description

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EVERYTHING YOU WANT.

the Germans had an interest in For the home, office, farm, schoni or hospital. Groceries, Dry keeping, in order with their help. Goods, Clothing, Furniture. Hardware, Electrical Goods, Gas to reconstruct Germany's future Engines, Auto Supplies, Bicycles, Farm Implements, etc., etc., is economic expansion. First class lustrated in cur handsome 503 page catalogue.. Let us send you a securities, especially of such com-free copy and show you how yo can save money by buying from panies in the United States, us and what a wonderful variety of styles and prices we offer for

apan, Italy, and South America Four selection.

As have no political or economic

interest in Germany's expansion.

Owing to the rapid growth of business in the Far East and the have practically all been sold greatly increased cemand for the catalogue, we now keep a supply during the war.

"of our latest issue at the following offices:

WHAT CAN BE REALISED? In this way the maximum amount of cash which Germany might realise by means of total sale of her foreign investments may be estimated at $3,000,000,000- in gold values. It is quite an- other question whether it is in the real interest of Germany to pa for her imports of raw materials and foodstuffs with the savings of her wealthy classes instead of with material or goods produced with her labour.

The Allies have an overwhel- ming interest that these three or four billion dollars of realisable

MONTGOMERY WARD & CO. AMERICAN EXPRESS COMPANY ARNHOLD BROS. & CO..

لوک

Manila, Philippine Islands Shanghai, China Hongkong, China

We guarantee that any merchandise purchased from us will be found upon arrival to be exactly as described in the catalogue. We Iso guarentee safe arrival – that is to say. WE BOLD OUR- SELVES RESPONSIBLE FOR ANY MERCHANDISE STOLEN OR BROKEN IN TRANSIT.

MONTGOMERY WARD & CO., Chicargo U 5:A.

Prepaid Advertisements.

ONE CENT PER WORD FOR EACH INSERTION. Advertisementa not Prepaid shall be abaigad at the rate of two ceste pas word

WANTED.

WANTED IMMEDIATELY.

-Second Engineer for British steamer Sisiman" Apply GERMINAL CIGAR

FOR SALE,

STORE 18 Nathan Rd., Kowloon. FOR SALE A considerable quantity of Mild Steel

TO BE LET. -

TO BE LET-Furnished from

Plates. Sizes 4' x 8' x 1 andi

1st July Na Mountain 8's Offers are solicited View The Peak. Apply to W. L. KITTING & CO., 16; Des Voeux Pattenden, Gilman & Co. Ltd..}

Road, Central, Hongkong,

8a Des Voeux Road Ceptral..

THE STANDARD OF EXCELLENCE AND RELIABILITY

HOWE SCALES

LARGE VARIETY OF VARIOUS TYPES IN STOCK.

MUSTARD & CO.,

4. DIN YOUX. ROAD CESTRAL,

TICAPROXX 1156

AGENTS is TOUCHOW, ANOY, SWATOW and CANTON BRITISH AMERICAN TOBACCO Co.

MACARONI PASTE STARS, EGGNOODLES, VERMICELLI,

จ

AND ALL KINDS OF SOUP' STUFFS.

L.L our Pastes bear the Rooster Ebel and are made from Flour of the Best Quality, containing a large percentage of Ginten. Sarch and Gluco are the principal components of Float Claten is easier to digest and contains more antriment than Starch, Manufactured under the most sanitary conditions.

Large quantities have been exported to varions important cities in the World.

Terms modemte, especially for Agencies. Ordess executed promptly.

THE HING WAH PASTE MANUFACTURING CO. LTD. Head Office No. 47 43, Connaught Rond Central, Hongkong Telephone No. 1239 & 2932 Principal Factory: No. 7, North Soochow Road, Shanghai, China; Telephone No. 3985. Branch Factory: Wing Hing Street, Causeway Bay, Hongkong

Cable Address: * HCNGWAH",

4

KEEP COOL AND COMFORTABLE IN HOT WEATHER

BY USING

TALCUM POWDER

AFTER THE BATH.

We have a tine selection in stock,

COLGATE'S

Violet Cashmere, Bouquet, La France Rose.

Eclat-cactylis

etc. etc..

FOUR TINS FOR A DOLLAR.

THE COLONIAL DISPENSARY, Quad

Central

JARDINE, MATHESON & CO., LTD,

ENGINEERS & LAUNCH BUILDERS. MARINE MOTORS OF ALL POWERS-

IN STOCK.

Works: Pootung, Shanghai.

Sole Agencies:-Sterling & Evinrude Motors. Makers

"EWO" Motors.

"

NOTICES.

HEINZ

OVEN BAKED

BEANS

All authorities agree that most of us eat too much meat and that is bad for everyone. Most of us agree that too much meat at present prices is very extravagant-and that is bad foreveryɑns, Heinz Baked Beans-Baked in real dry-heat ovens have a greater food value than the same amount of meat, and will maka you healthier." Heinz Baked Beans are so económical as com- pared with meat that they will make you wealthier.

When you see how the family enjoys Heinz Baked Beans and how often they want them served, and then realize how easy they are to prepare for the table--you will be wiser.

One of the

57

Baked Beans with Tomato Sauce

Baked Beans without Tomato Sauce

Baked Beans without Pork ( Fegetarian.)

LANE, CRAWFORD & CO.

SPARKLING MINERAL WATER.

Pyeris

AN EXACT REPRODUCTION OF A WELL-KNOWN SPA AT HALF THE PRICE BLENDS PERFECTLY WITH SPIRITS, ESPECIALLY WHISKY,

A. S. WATSON & CO., LTD.

ERATED WATER MANUFACTURERS. TELEPHONE 436.

WHITEAWAY'S

NEW STOCK

O'CEDAR POLISH & MOPS

JUST RECEIVED

O-CEDAR POLISH

For Polishing all kinds of wood work. Removes, grease and dirt

from paintwork. Invaluable

in the home.

Associated British Machine Tool

Makers Ltd.

**Sarco" Steam Traps, Temperature.

Regulators &c.

O-Cedar Polish

A.B.C. Boiler Enamel. Rexine Ltd, (Leather-cloth). Edgar Allen & Co, Ltd..

(Tool Steels &c.)

Linotype & Machinery Ltd. Fulsometer Engineering Co., Ltd. T. & W.Smith Ltd: (Wire Ropes). Imperial Light Ltd.

12 Oz. Bottles

90c.

Quart Cans

$1.95

Half Gallons

2.75

Gallons

5.25

THE FRENCH STORE.

JUST RECEVED

SALTED & PICKLED HERRINGS IN 10 LB KEGS.

WE HAVE ALSO RECEIVED from Messrs. Vesuvio &

Piedmont Paste Co. an Assortment of Paste's made of SEMOLINA Packed in cases of 22 lbs and in 1 lb packets, comprising the following:--Macaroni 22 lbs case, Spaghetti 22 lbs case.

*

ASSORTED PASTE Macaroni 1 15 pkt, Spaghetti 1 lb pkt, Vermicelli 1 lb pkt, Noodles 1lb pki, Stars for soup 1 lb pkt.

.........

STAR GARAGE, Tel No. 3017. [:49. Des Vœux Road Central

HONGKONG.

ENew Cars on Hire & For Sale.

HONGKONG tailoring CO.

German foreign investments any rate, half the quantity of a foreign commerce which result- should be exclusively used for the marketable foreign assets which ed in an adverse commercial reconstruction of the countries Germany possessed before the balance, and in view of the which have been devasted war must now be considered as enormous prices paid by Ger

Germany. foodstuffs, and raw materiala owing to the blockade, partly neutrals, it is not an exaggeration would then, * preferably, be through mortgaging in neutral to state that her annual import paid for by means of Ger- countries, and partly also through deficit amounted to 3,000,000,000 man labour, particularly so sales, principally up to the end of marks. During a period of four through the export of building (1913.

years, this amounts to a consider-

The importa liquidated or disposed of, partly mens for imports from LADIES AND GENTS TAILORING

material of all kinds, especially One must not forget that in able sum, which was not horrow- wher, cemànt, from latex for the spite of the blockade Germany ed, but covered through sale or

Jose: of reconstruction. / Af had during the four years of war mortgage of foreign securities.

DRAPERS, &c.,

No. fc, D'Agullar Street, Central, HONGKONG.

REFRIGERATORS

NEW STOCKS

Just Unpacked

Prices and sizes on application.

O-CEDAR MOPS.

FOR POLISHING FLOORS. Removes Dirt from Hard-to-get-at Places-Tops of Cupboards, etc.

Small Triangle Mops Price-

$1.95 each.

Large Round Mops. Price:-

$3.00 each.

O-Cedar Dusters.

MAKES DUSTING A DUSTLESS OPERATION.;

Price

80cts. each.

CHINA & GLASS WARE

LARGE NEW STOCKS,

JUST UN

Big selection

WHITE