1919-09-29 — Page 2

DOUGLAS & GRANT LTD.

KIRICALDY, SCOTLAND

RICE

The largest and

must widely

MILLING

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THE HONGKONG ROPE MANUFACTURING

ESTABLISHED 1883. MANUFACTUREES OF

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5" to 15"

3" to 10 CIRCUMFERJAJOR, UEROUMYEKEKUR

Oil Drilling Cables of any sim up to 3,000 East in length. Prices, Samples and full particulars will be forwarded on application.

SHEWAN TOMES & Co.. General Managem.

OWING to the present high rate of EXCHANGE we are now offering our KODAKS and FILMS at very lowest possible prices. Inspection cordially invited.

A. TACK & CO.

20, Des Vœux Road, CIL

CREEN ISLAND CEMENT COMPANY, LIMITED.

" PORTLAND CEMENT. “

In Chaks of 375 iba. not In Bags of 250 lbs. net.

SHEWAN, TOMES & CO.

General Managers. Hongkong, 16th August, 1916.

HONGKONG JAPANESE MASSAGE ASSOCIATION.

Mr. U. SUGA Mrs. A SUGA Mr.LEONDA Mrs. S. HONDA 8 Queen's Road Central. Hongkong.

METALS

of all kinds, especially for ship- building and engineering works. Largest and best assorted stock in the Colony.

SINGON & GB.,

(Established A. D. 1880.)

Phone 515 BINE LÙNG ST.

MEE CHEUNG

PHOTOGRAPHER. FOR ARTISTIC PHOTO- GRAPHS CALL AT ICE HOUSE STREET" OR RING UP 1013.

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

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

Lemon as Martenes of House Property, de Goods reostred on Ezczaga. LÄVENOM TERÁA co Keralazdins. Loans made on the ProvičeĽS STING.

TRUSTEL EIRCUTOR OF WILLE, ASCORNEY, ào. Tindersaken and Exmouthed. Cases and Partieniers on applies.Mom! To tas Dios of"

SHEWAN, TOM ES & 00:

General Managera.

NORTH BRITISH

AND

MERCANTILE INSURANCE CO.,

in which are vested the shares of THE OCEAN MARINE INSURANCE CO., LTD.

AND

to

THE RAILWAY. PASSENGERS ASSURANCE CO.

The Undersigned AGENTS for the above Company are propared ACCEPT RISKS against FIRE at Current Rates, SHEWAN, TOMES & CO. Agents.

MASSAGE HALL

23. FLOWER STREET. MR. T. TAKAYE, MRS. MORITA. CERTIFICATED MASSEURS. PATIENTS TREATÈÉ IN THEIR Own Homes

DAD.

PUBLISHED ANNUALLY.

THE

Haga

Germany is finished-

I heard

business man declare to his com panion in Rotterdam hotel Rotterdam hotels are full of American business man, alsó Ger mans); "it is history repeating itself: look at Spain, Holland, great commercial nations in their day. Englaud's fleet finished them, and now it has finished Germany. They still live and prosper, these third-class nations, but they are not to be feared as competitors in the world's trade. Industrially, too, it is finished-- for some time at least."

This man had been listening to a German just arrived from Ber- lin, who had been telling terrible stories of misery "and collapse, total breakdown, strikes, Bolshev- ism, no raw materials, valueless money, national bankruptcy-a black picture indeed. Yes, Ger- many is finished."

cases

It is a Batural conclusion to arrive at, and the American basi ness man may easily lul himself into great self-confidence with it. But let him stay in Holland for a time and supply his ordinary needs. Let him buy anything a collar button, a tor for his child, a razor anything up to a: grand piano-and will find that it is German made. In many it will be impossible to get anything "but a Ger- man made article. Yes, every thing is German here," the tradesman will tell bim. But how --he asks, how is it possible? The Germans are short of steel, they have no copper. But this piano has copper strings, brass trim- mings, all solid, you say? Yes. during the war for a while they gave us bad substitutes, but now the manufacturers guarantee everything to be as before the War. And it is.

The American business man goes out to sell. He is well received. "Glad to buy American goods, but how are the prices?" Very expensive! But so are the Germans, are they not? Yes, fantastic in fact, but the raluta, my dear sir, the low exchange- why, we can get nearly ten marks for a gulder.

And there's the rub. The fact is, the German business man is doing a rushing business on the strength of that low exchange. Wages are high, materials ex- orbitant in his country. But supposing he has to charge, ten marks for an article that for- merly cost four. The American | price is one and a half dollars,

The German say.

price, translated, is less than the dollar and a half. And then the freight. The freight is a terror. America quotes f. o. b. at New York, at best. The Germans quote "franke Rotterdam," wherever the merchant is. It is their method and they win out.

ог

And so the American merchant is up against the same competit- ion as before the war. He 5000 learns that with all his present is a handicaps the German formidable rival These handi- caps are manifold. In place of the liberal credits he was able to offer in earlier times he had to iusist on cash before delivery (his Government exacts that). This is offset by the fact that most of the neutrals have invested heavily in German marks because of the lowexchange, and thousands upon thousands of Dutch. Swedish and Danish money are deposited with German manufacturers in advances. Then, instead of the old over-production, which en- German abled them to "dump

goods on every foreign market, they have decided under- production and cannot promise definite deliveries. He, again, they are not much worse off than their American competitor, for supply everywhere is behind the demand, and shipping facilities are far from adequate. No American can set a date for the delivery of his orders. Of the two uncertainties the neutral mer-

the former.

LONDON DIRECTORY.chant is just as likely to choose

with Provincial & Foreign Sectious, euskilos traders to segimunicate direct wich MANUFACTURERS. & DEALERS

in Landes and in the Provincial Towns and Industrial Centres of the United Kingdom mari the Dontinent of Eropa The range, addrenes and other detalls are classifed under more than 2,000 trade, beadings, Incinding _EXPORT MERCHANTS |with detalled particulars of the Goods shipped and the Colonial and Forsign Markata supplied;

STEAMEMIR · LINES -

ATERING. Doday the Porte to which they sti and 1ödicating the approximate, Sallinga.*******

One inah BUSINESS CARDS of Firms dedizing ba seríand their aponectinus, or Trade Gazita vẺ -

(2)DEALERS SEEKING ACHENGJEN. can be printed at a wsi, of B130.0 fær meis pienda-bending noder misighs, iher- aze Liseried Einogue ofreúnciostalu front, di to MESOTH

8 sopy of the deadlogy wil be sent by partsí póst for $62, nett csah, with order

THE LONDON DIRKOTORI, 00. LTD “25; Abchures Lam, LOMOR, EC, 4, Kagiaa

BUSIESS ESTástisen 105 ETARA,

Now these things- depositing money with German firms and ordering on the mere chance of a delivery-bespeak a confidence in the ability of German industry to recuperate which is not in keeping with the pessimistic stories that the Germans thém- selves have to tell. Nor are these i the only evidences of this con- fidence. Holland, and for that] matter every country adjacent to Germany, is crowded with business men of all kinds-Eng lishmen, Americans, even French- men waiting to get into Germany as soon as the bars are down, The situation reminds one of the pionew days în America, when squatters waited for the bugle call to rush across the line. It if interesting, moreover, that

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IN USE ON Stationary Automobile

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Marine Engines ALEX. ROSS & CO.

the Germans

Shall Rotterdam or Antwerp get the lion's share of the German shipping? Poor impoverished Bel- gium wants to build a canal across Laroburg to Isp the industrial region of the Rhine-not for & region that is industrially ruined, to be sure?

No, despite its breakdown; with all its Socialism, near Bolshevism, Germany is not finished." Nowhere does one realize this more than here in Holland, its commercial ante chamber. But the question is whether, reduced in territory and natural wealth. economically penalized and restricted, it will regain its old position in the industrial world. And how long will it take to recover from- ita. stunning blow?

the

Whatever the, answer, American manufacturer, if he cares about foreign trade, will seem none too have, to watch developments in anxious to sound the bugle. They Germany. If the German ex- are choosing deliberately, and I change goes up andGerman prices have first-hand information to the remain the same. America is effect that Americans are being bound to have the command of given the preference. This almost the field. If, on the other hand, undignified competition for trade wages go down in Germany as relations with a country between food becomes more plentiful and nations that have lately been therefore cheaper, prices are sure fighting it, seems to contradict to go down also, for raw materials the popular dictum that the said will get cheaper as the exchange country is "down and out." Ger-improves. America, then, must man money is worth next to either adjust her prices or secure nothing, and German paying cheaper freights. At least that is power depends solely on the what the European merchant ex- potentialities of German industry. pects her to do, for he likes to It is no exaggeration to say that trade with America if America the foreigner's faith in these wants to trade with him.

EARLIER TELEGRAMS.

FRANCE AND THE TREATY.

Paris, Sept. 25.

The Chamber resumed the debate on the Peace Treaty of exceptional interest being the speech of M. Clemenceau in view of the anxiety areased in France by the discussions in the American Senate. Newspapers are asking what guarantees " France will have against future invasion if America refuses to ratify the Treaty, especially if she refuses to join the League of Nations. M. Clemenceau appealed for consideration of the Treaty as a whole emphasising that the Allies thoughout the negotiations had aimed at the realisation of the idea of the solidarity of nations. Referring to the outbreak of war he glowingly tributed Britain, who, although there was no binding cagagement between the British_and_French Governments, sided with France immediately Germany violated the neutrality of Belgium (Cheers). He continued that Fac would never forget the services of America whereon they He denied that be counted in peace as they did in war.

did not care about the vote in the American Senate and declared that even if there had been no written treaty he would still rely on America. He refused to be associated with any criticism of President Wilson or to say anything which M. would binder President Wilson in his great task. Clenceau procceded to argue in favour of ratification of the Treaty, declaring the plenipotentiaries in a few months pro- daced a scheme which might be imperfect bat which perhaps would take a greater place in history than the Turks' capture of Constantinople. Referring to the "spirit of solidarity animating the plenipotentiaries he recalled Mr. Lloyd George's question Would you have won the war without Great ̈Britain's help!* ̈ His, M. Clemenceau's, answer was “No.”

Be insisted on the Treaty's character of solidarity, declaring that though Fracce saved world at the Marne and Verdun she could not have continued the war without the aid of her Allies. This Allied solidarity in war should be continued in. peace. It was impossible that the French, who sacrificed their blood in war, would not consent to other sacrifices in peace, relying on the Government and Parliament to give them a peace worthy of those who fought. M. Clemenceau did not wish to insist on military guarantees, pointing out that the League of Nations still had no military forces at its disposal, adding "Moreover I refuse to mobilise a single man to defend Germany against Poland." The chief value of frontiers was the people behind them. It would be vain for France to have a better frontier if her policy was such as to weaken her. "We have now a good frontier. If it is extended to the Rhine we should have German territory before and behind us." He repeated that France conquered with the Allies and it was impossible to separate from them after the victory. He failed to understand those who said France ought to present her claims and if unsatisfied with them break with the Allies. He knew that none of the Allies would make France unacceptable proposals. M. Clemenceau referred with deep emotion to the heroism of British, Canadian, Australian and American troops. M. Clemenceau replied in passing to a charge that the Government abandoned the French language and pointed out that Britain since the eighteenth century bad increased her popalation by two or three hundred millions and her innguake was at prosent the most widely spoken in the world. Britain's plenipotentiaries considered that they owed it to their people to speak their own language "Could we refuse it, apart from a spirit of generosity towards the men. who came and shed their blood for us.". He concluded "The Allied Government's have had our word. We will keep it and if there are responsibilities to take I will take them."

BLOCKADING, THE BOLSHEVISTS.

Paris, Sept. 20.

The Supreme Council has discussed the question of the -peaceful blockade of Bolshevist Russia without a declaration of war and has decided to ask legal advisers whether a satisfactory formuls could be found for the application of such

a menzure

EXPULSION OF EGYPTIAN AGITATORS.

Cairo, Sept. 26. The authorities have decided to expel the ex-compositor. Pizzate, an agitator who was largely responsible for the labour trozbies, also the Anglophobe pro-Bolshevist Count Dicelatto, editor of the

” Compositors în Cairo have the expamon br

P

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FOR

HIRE

per month

THE ROBINSON PIANO GO

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Samples & Prices on Application is

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Sole Agents.

EARLIER TELEGRAMS.

THE FIUME SQUABBLE.

Rome, Sept D'Annunzio's conditions are the annexation of the city and port of Flume and the hinterland as far as Italy proper, including the Istrian ́ towns of Abbazia, Volosca and Albons. Members of the Cabinet, while admitting the extréme gravity

of the situation, do not agres that solution is impossible and hope is entertained that the Crown Council which meets for the ârst time since 1882 will find a "vis media.”

The Crown Council met at the Quirinal this morning to discuss Flume. The King presided. Premier Vitti and the ex-Premiers and leading politicians of all parties were pres sent, except Baron Sonnino; who was ill and Signor Turati,

the Socialist leader. .

Pariz, Sept. 25.

It is understood that President Wilson has approved the settlement of the Fiume question recently proposed by the Supreme Council, namely that Fiume be a free city under ItalianTM suzerainty and the port and Fiume-Laibach railway internationalised under the League of Nations: also that Italy undertake to construct no fortifications within a consider able distance of the town. The last proviso has infuriated the Italians here who declare that it is now too late for com promise. The feeling in Italy is such that the only solution possible for the Italian people is the unconditional annexation

of Fiame. Any Government attempting compromise will be faced with revolution. General Peppino Garibaldi arrived at París and told his compatriots the only way out is annexa-

1100.

Copenhagen, Sept. 26.

A South Slav Correspondence Bureau telegram- from Spalato dated Sept. 25 says a South Slav detachment began an advance on the town of Trogir which was occupied by Italians when an American destroyer entered the harbour to compel the, retirement of the Italians to the demarcation line. The inhabitants opened fire on the Italians who hastily left. The South Slavs captured the Italian Commander and three men in an armoured car. In the meantime two hundred American Marines with machine guns landed and took over the armoured car and prisoners who were subsequently trans- ferred to an Italian ship. Serbian troops have arrived and were enthusiastically welcomed. Americans handed the town to South Slav troops and reembarked. The. Amerienu war- ship stays in harbour for a few days.

Paris, Sept. 26. The Yugo Slav Press Burean denies that ango Slav ve troops are concentrating round Fiume and says the Yugo Slar Government has adopted a waiting attitude hoping the Allies will enforce respect of their decisions and end the intolerable situation.

Rome, Sept. 28. "Epoca" states that at the meeting of the Crown Council yesterday Signor Titoni stated that the Peace Conference was unable to consider the Italian possession of Fiame & Hait accompli without the risk that Czecho-Slovakia, Jugo-Slavia, Greece and Rumania would take the same action with Tëscher, Klagenfurt, Thrace and Banate respectively in which case, the Conference could only dissolve.

EMPLOYMENT OF OFFICERS.

London, Sept 23. The War Office announces that owing to the cessation of the period of smargency it is no longer possible to retain în active employment regular and retired off.care, na? f hold commissions in the Territorial Force or Special Essern