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TABLISHED

October 12, 1922, Temperature 70.

Barometer 30 02

Rainfall 0,00 inch-

1848

Humidity: 77.

October 12, 1921, Temperature 74.

Jeves

Fluid

MARK

No. 18,6 5. 四拜禮 號二十月十年二十二百九千一页:

BUSINESS NOTICES

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84, Queen's Road Central, Hongkong,

HONGKONG, THURSDAY, OCTOBER 12, 1922,

TO-DAY'S CABLES.

(Reuter's Service to the Chifa Mail.)

NEAR EAST TERMS.

HOW THE AGREEMENT WAS SIGNED.

ANXIOUS NIGHT'S INCIDENTS.

Mypasta, October 17. The agreement was signed at 6.10 this morning. It provide for evacuation of Thrace within filteen days; installation of the Türkish administration within thirty days; limitation of the Turkish gendarmerie to 8,000 establishment of an allied covering force on the west bank of the Maritza; and creation of a neutral zone inside a line drawn fifteen kilometres from the Straits with the demilitarised zone beyond, also a neutral zote on the Ismid peninsula inside a line extending from Chebzob to Bhileb with the demilitarised zino forty kilometres 'bayond.

Both sides agres to suspend reinforcements and fortifications.

The Oreck delegates reserved their signature on the ground that the terms did not accord with their instruo

tions.

HANDSHAKE BOND,

a

B+BARBARE¬+LA+ PRICE, $8.00 Per Month.

THE DOLLAR.

To-day's closing tabe 2/6 7/18/ To-day's opening rabo 5/6-11/18/

RUBBER SLUMP

GOVERNMENT INTERVENTION.

RESTRICTION BUBENE.,

LowDor, October 11. Mr. Wreston Churchill, Minister of Coloning, bas Pprated proposals in the supplementary report of the Colonial Office rubber committen which recommends a scheme for government intervention to oferal in Ceylon, the Malay States and Straits Bettioments as toon posible.

J

This rubber scheme is framed to allow export on a minima duty of 60 1er cent of the standard product. tion as a first stage. If during the second quarter alter the initiation of the scheme or in any subsequent three months rubber has not averaged at least 1s. per lb., the percentage of standard production exportable at the minimum duty shall be reduced to 55. If that duo-

tion is ineffective in rai-ing the average price over the following three months to 1s. 3d. then it will be reduced to 50 and so on by five per cent reductions until that average price in eccured.

The proceedings opened yesterday evening with

It is proposed to form local committees in Cylon eporch by General Harington who repeated his declara- tion of October 9 that the terme were offered to the and Malaya-and to have a central advisory committee in London to facilitate the operation of the acheme. Turks for final discussion. General Harington and Proposals will be submitted to the legislatures of Ceylon, the Turks were very harmonious, ending with hand- Malaya and the Straits Settlements at an early da shakes. The former, emphasising the danger of the It is understood that the Rubber Growern As Turke advancing in the neutral zones, pointed out that moistion has obtained assurances of cooperation, in the Britain had many fino soldiers, ships guns, and aircraft event of government action in Brit's territories, on the She would make a dangerous ice, but he suggested it

part of a catisfactory number of British estales in would be a pity to use them on the eve of the peace.

foreign territories. This means that the voluntary res conference. Therefore he hoped that Angora had restriction of output aforementioned scheme is regarded. plied favourably.

Hemet replied that-he-desired-completo agreement.as 5000 85 poseible.

The draft convention was then read, Ismet com. menting ов and General Herington explaining various pointe.

General Haring'ony, replying to a question concerné ing the Leutral zone, said the spirit mattered, not the form. He was willing to shake hands with Ismet as proof of mutual good faith.

Ismet promptly roee and shook hands with General Harington in the friendliest manner.

as practically scheme two in the previous Colonial effice report bat in an improved form

LATER.

The rubber report has been officially cabled to the governors of the Crown Colonies.

-STATE, OWNRD- SHIPS,

-MARITIME CONFERENCE'S VIEWS.

LONDON, October 11.

The Juternational Maritime Conference in London After this the misgivings of the Turks seemed to has adopted resolutions that coverrign states ought to disappear. They did not decur at the proposal to accept all liabilities in respect of ships they own ofo̟ ex- reduce the gendarmetio.

ate the same sa private owners.

The meeting broke up at nine o'clock in the evening to permit preparation of a definitive text, the allied generale proceeding on board the cruiser "Carystorm" to meet the Greek general.

BABLY MORNING SERENADE.

The Final signatura was expected at one in the morning, but the generals had not returned. A the houra pater & the crowd of officers, journalists and oth re waiting in the stuffy rooms became apprehensive of a hitch. The arrival of the generale at three o'clock is the morning dispelled these fears. A brief meeting fol lowed, after which it was announced agreement bad been reached and signature would follow immediately and copies would be prepared. Another tedious wait due to difficulties in typing followed.

Meanwhile General Harington conversed privately with lamet who agreed to complets the establishment

of the neatral zus by Sunday night.

BILLS OF LADKIG.

LATER.

The conference of the International Maritime Com. mittee lengthily considered the Hague shipping rules and agreed they afforded a practical and fair solutien of the problem of the clauses of bills of lading limiting shipowner" liabilities. The conference decided to take steps tɔdraft an international convention as the most desirable mears of solving the problem; and to bring the subject before the diplomatic conference sitting at Brussels on October 17.

RUSSIA AND HER NEIGHBOURS.

COMING DISARMAMENT CONFERENCE.

REVAL, October 11.

A mesiac from Moscow states that the Soviet

A Turkish battalion at five o'clock in the morning Government has agreed, to a proposal by Eathonis that turned out with a band and discoursed strange music it should hold a dianrmament conference between Russia in front of the conference chamber, including chorases and the border states on October 50.

by the bandsmea. The latter was unprecedented for. Turkish soldiers.

At long last as dawn was breaking copias of the agreement were ready for signature.

SIGNING THE AGREEDENT.

LATER

The declaration of the Greek General Mazarakis attached to the convention was read stating that as the question of a real frontier for Thrac; bad been ignored and the issues were political, the Greek delegates were unable to sign without instructions from their govern ment.

GERMAN MARK BALLIES.

DRASTIC ACTION RUMOUR.

BERLIN, October 113+* There has been a considérsklé rally in the mark market owing to widespread reports that the Govern meat la contemplating drastic measures to prevent farther, depreciation of the mark. Detalle of the measures are still secret,

According to the Berlin Tagblatt; the Goverment Ismet asked if the Greek Government refused to intends to take sudden action in order to prevent sign would the Power ses the agreement was carried speculators taking defensive, action in advance. All

out.

General Harington replied that it was understood the Powers had agreed to this la Paris.

Ismet replied: "Vory well, I am prepared to aign,"

The signing occupied ame time as each of the six sheets of aix copies of the conventina had to be in itialled or goed; and Ismet carefully compared asok copy to see there were no discrepancies.

BRITAIN'S DEBĮ TO AMERIO L; –950,000,000. INTEREST PAYMENT.

LONDON, Cctober 11..

The British Government will pay the United Stald $50,000,000 on October 10 on aount of the current your's interest on Britain's dobo."

accounts agree that the Goverment will daal sternly with traffis'in foreign exchanges."

HOME RACING BESULT.

OUTSIDER WINS CESAREWITCH/

London, October 11

The Cesarewitch resulted as follows :----

Light Dragoon,

shake The Villager...........2.

Osylonese

Thirty one's herzen 'ran. · Light Dragoon; won by s urek The Villager came in three lengths ahead of Cerignee......

The betting was sa fallowa -- 100-1; Light Di 49-1; The Villager ; 10-1; Ceylonero -

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