MOUTRIE'S
FOR
VICTOR
RECORDS
SPECIAL DISCOUNT,
The China Mail.
THE DOLLAR.
ESTABLISHED
184
August 13, 1923, Temperature 82.
Barometer 29.68
Rainfall 0.47 inch.
Humidity 87.
August 13, 1922, Temperature 81.
Today's closing cate 2/3 1/16. To-day's opening rate 2/3 1/16.
No. 18.953.
建三十月八年三十二百九千一英 HONGKONG, MONDAY, AUGUST 13, 1923.
402 inches
HIGH
inches
20
WIDE
22
inches
DEEP
12 inches
TURNTABLE
IMPROVED
VICTOR
TONE-ARM
AUTOM-
ATIC
, BRAKE...
DOUBLE
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HAWTHORNE & PEARSON
Gentlemen's Tailors
Ladies' and
and
Breeches Makers
St. George's Building,
Ice House Street.
(Next door Café Wiseman.)
SWATOW TRADING 00. Tal. Central 2303. 6, Hongkong Hotol Building MANUFACTURERS
of Handsome Chinese Linen Drawn-work and Embroideries DEALERS IN ALL KINDS OF SILK GOODS. Mandarin Costumed of Various Design and Powter-ware.
DONNELLY & WHYTE.
WINE MERCHANTS.
Tel Can. 280,
Tel. Cen. 686.
When someone i
is na "T'll come back'
HE USUALLY DOES
(without cominents)
J. ULLMANN & 00 34, Queen's Roid Central
eves
Fluid
MARK
ALEX. RO55 &
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日二月七亥癸水歲年二十國民寧中 ■ PRICE, $3.00 Per Month.
EUROPE'S GRAVE CRISIS.
BRITAIN RESOLUTE.
SETTLEMENT MUST BE REACHED.
POSSIBLE SEPARATE ACTION.
ALLIES IGNORING OUR RIGHTS.
The
silence
Ignoring Vital Points.
This omission was hardly compensated for by. the arguments and enquiries holding out the pro- spect of an indefinitely spun out controversy, while the fundamental-principles are only mentioned to declare they do not admit of discussion. The Belgian reply does not reject so categorically as the French does the proposal for fresh investigation into Germany's capacity to pay, buit Belglan consent to such an enquiry is made conditional on obtaining for France and Belgium far-reaching pecuniary advantages at the expense of the Allies, notably Britain.
"Palpable Misconception."
PASSIVE RESISTANCE BUGBEAR. (Reutor's Service to the China Mail.)
LONDON, August 12.
Such suggestion reveals a palpable misconcep- tion of the situation, while the Belgian note does maintained by the British not indicate the precise claim. Official and semi- Government as regards its policy since the French official pronouncements of French and Belgian entered the Ruhr in January was broken to-night payment of 26 milliards of gold marks over the Ministers show that France insists on a minimum when the Foreign Office issued a reply to the amount required to meet her debts to Britain and French and Belgian notes which the Cabinetthe United States; and Belgium demands a minimum approved last week together with the previousof five milliards for which they ask further priority. correspondence between the Allied Governments.
Asking Over Much. Belgium has already received a disproportionate share of the reparations payments, besides being entirely relieved of her war debts,
of gold marks from Germany, must balance this France, when counting to receive 34 milliards amount against her debt of 12 milliards to Britain
The note says that while ready to join 'in advising the German Government to withdraw
without
delay the ordinances and decrees which have organised or promoted passive sistance, it cannot sub-and 15 milliards to the United States, which leave scribe to the thesis that her present demand, including cancellation of France a balance of seven milliards. Therefore passive resistance must debts, is three or four times larger than her share cease unconditionally
because it is contrary under the existing agreements.
to
the Treaty of J. Versailles.
Matter Of Honour,
The reply declares that the French debt to Britain cannot be hon- ourably repudiated, and payment of the interest should be commenced BRITAIN'S SPOKESMAN, immediately the sterling -franc exchange becomes reasonably stable,
The reply concludes by hoping that French and Belgian Governments will accept the reason able British position, expressing relictance to con- template the possibility that separate action may be required to hasten the settlement which cannot much longer be delayed without the gravest con sequences to the recovery of trade and the peace of
the world.
Ruhr Invasion Illegal.
Sunk Ships and Ruined Villages.
The Belgian request for priority for restoration of the devastated areas is not justified by the armiş- tice terms or the peace treaty. It is difficult to con- ceive what argument can be adduced to'support It. like ruined villages, but they represent equally Sunk ship's cargoes may not shock the eye heavy losses of national wealth.”
Paying Our Debts...
The note refuses to consent to a revision of the Spa percentages and says it is impossible to ignore the position of Britain. Apart from war damages, British has spent £400,000,000 to relieve unemploy- she is paying interest on her war debts, and alone aient since the armistice. Alone among the Allies she is being deprived in Allied interest of foreiga securities estimated between £700,000,000 and £800,000,000.
declares that it is inequitable and impossible to ask After recalling Britain's January offer, the note the British taxpayer for further sacrifices.
Impartial Experts.
The British note to France and Belgium, dated capacity should be investigated by impartial ex- The note adheres to the opinion that Germany's August 11, is very disappointed with the French perts, who if the French and Belgians insist, might and Belgian notes which give the painful impression act in an advisory capacity only. that British's cooperation is not welcome except on the ground to compel adhesion of the French and Belgian views.
sistance on the special qualification of the Repar
The note declares that French and Belgian in- The British note maintains that the occupation Commission without an American representative ations Commission cannot be sustained because the of the Ruhr is not authorised by the Treaty of Ver- has become in practice the instrument of French sailles, but is willing to submit the point to arbit-and Belgian police alone. ration. The note considers the continuance of the present position fraught with the gravest economic and political risks and it is most urgent that Ger- many's liability, should be fixed at, a reasonable British contention that it is best in the interest of The French and Belgian replies challenge the figure. When this has been done the Government the Allies to is ready to deal generously with the Allies' debts to ment's acceptance of Britain.
The note says that Britain is ready to limit her demands for payment by the Allies and Germany "to a sum approximating 14.2 milliards gold marks, which represents the value of the funded British debt to the United States.
Earnest Effort.
Passive Resistance.
securo the German Govern
алу reparations figure fixed, but His Majesty's Government is not con- vinced that a voluntary German engagement to accept the conclusions of the experts should be regarded as valueless.
The note recalls the offer to join in advising Germany to withdraw her ordinances promoting passive resistance, but says that the Government cannot subscribe to the thesis that passive resistance must cease unconditionally because it is contrary to the Treaty of Versailles.
Not Within the Treaty,
LONDON, August 12. The British note, which contains 8,000 words and is signed by Lord Curzon, opens by expressing sincere disappointment at the French and Belgian replies of July 30 to the identic notes of July 20 which accompanied the draft of a joint Allied an in Britain support the German contention that the The note adds that the highest legal authorities swer to the German memorandum of June 7. That occupation of the Ruhr does not fall within the represented an carnest effort on the part of His clause of the treaty to which France and Belgium Majesty's Government to indicate a practical way of appeal. His Majesty's Government has never con- arriving most promptly at a final settlement of the ccaled the view that French and Belgian action is reparations question.
The British note acknowledges the courteous be willing that this point should be referred to the not a sanction authorised by the treaty, but would tone of the replies and trusts that comments International Court of Justice at the Hague or to therean will be received in the friendly spirit in some other suitable arbitration. which they are offered.
Avoiding Controversy.
Inconsistency Denied. The reply seems all the more necessary since inconsistency in refusing to acknowledge the The note repudiates the French charge of in a desire to avoid controversy at a critical phase, legality of the occupation of the Ruhr when Britain the Government has refrained from replying to the twice previously joined in the presentation of French and Belgian observations a month ago upon ultimata threatening occupation and actually the so-called questionnaire sooner than embark on a participated in the occupation of Duesseldorf, controversy. His Majesty's Government preferred Duisburg and Ruhrort. The note says that such that there should be time to submit a definite plan action was not in pursuance of the reparations of action, proposing that an enquiry into Germany's clarises, but on account of Germany's failure to per- capacity to pay should be conducted within the farm her treaty obligations. If His Majesty's Iramework of the Treaty of Versailles and that the Government had hitherto abstained from formally Government should be called upon to withdraw contesting the legality of the occupation of the Ruhr orders enjoining passive resistance.
it was solely due to a desire to avoid needlessly embarrassing the Allies.
Cold Shoulder For Britain....
Real Ruhr Aim.
"It is difficult to think how greater consideration could, have been shown to the French and Belgian viewpoint. The reception, however, accorded these Majesty's Government would not even now have This should not be made a reproach now. His proposals by the French and Belgian notes of July taken up the question of the legality, if they had not 30 leaves His Majesty's. Government with the pain been challenged by the French Government. They ful impression that neither are their suggestions now declare that the object of entering the Ruhr was welcomed by their Allies nor is their offered not reparations but the breaking ef Germany's re- co-operation held mert for consideration, except onsistance and the creation of a will to pay; but the condition that no departure be made in any one will to pay is useless without the power, and power particular from, whatever France and Belgium to pay is likely to be extinguished altogether by declare to be their over-riding view, and decision."continuation of the strangleholds in the most im
Disconcerting Silence. The Belgian reply, appears at first sight lesa
portant centre of German industry... Luncompromising than the French, but closer ex-
--Double, 1871, Figürete amination shows that the attitude both are for all
Though His Majesty Government is in nowise practical purposes identical. Hence, His Majesty's satisfied therewith, Germany has paid respecting re- Government deals with the two replies in a single parations and the cost of the armies of occupation answer. In either reply is there any allusion more than twice the amount exacted from France in whatsoever to the proposed reply to the German 1871, also considerable suns in connection with memorandum The Belgian Government indeed clearing offices.etc..
still remains in favour of the principle of a joint. The French Government is mistaken in attribute reply, but the French Government pass over the ing to His Majesty's Government the suggestion that proposal in complete silence. Yet this was the simultaneously with the hdvice that Germany shorild- ***main objent to which, in a desire to maintain Allied Abandon passive resistance, the Ruhr must be made.
unity ship, Malers in Government devoted a al 19 return sa zjemna, production,
事
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Shirts with collars attached
Trousers
Socks
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SWATOW LACE COMPANY.
No. 17A, Queen's Road, Central. Manufacturer of
SILK EMBROIDERIES, SWATOW DRAWN WORK, LACES, etc, etc.
Phone C. 1468.
(Hung On Furniture Store).
MEE WAH KNITTING & DYEING CO.
General Kuitter & Dyer. Manufacturers of Woollen Singlets, Jerseys, Sweaters & all kinds of Underwear
Telephone Central 1501. Manager :--YKUNG POKWAS.
No. 1-18. Causeway Bay.
ROONOMY IN
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Pacha Lamp Coal stands for soonomy in Coal value. All towp Goals have a farys puremature
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