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China Mail

VICTOR RECORDS.

" Temperature -79 Barometer 29.86---

ESTABLISHED

Rainfall 0.01 in. Humidity 89.

HONGKONG, TUESDAY, SEPTEMBER 2, 1924.

FIGHTING HIGH FINANCE.

No. 19,280 AD 號二月九年四十二百九千一英

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EARLY

INTERNATIONAL CO OPERATON

WORLD-WIDE APPEAL MADE:

TO MEET IN ROME.

(Router's Service.)-

GHENT, September 1. At the opening of the eleventh international co-operative congress, attended by 300 representa tives from all European countries, Mr. Goedhart of

THE DOLLAR. To-day's closing rate To-day's opening rate Cafe.

VENEZIA

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BAXTER #4=+OR+ PRICE, $3.00 Per Month.

LABOUR DAY IN U.S.

PRESIDENT-RECEIVES DELEGATÍON:

WAGE-EARNERS "ON VELVET.","

COMMON-SENSE GOVERNMENT WANTED.

"Router's American Service)

WASHINGTON, September 1 All the presidential candidates to day made, appeals to the Labour vote.

President Coolidge, receiving

1

delegation told them

Holland, as Chairman, appealed to all peoples for a of Labour leaders at the Whiteving under of

world-wide extension of co-operative Institutions.

that American "Rage-earners, were

It was announced that meeting was being held in Rome for the purpose of creating a great interna y tional co-operative bank with a view to fighting high finance with its alleged anti-co-operative tendencies.

TRADE UNION CONGRESS,

LABOUR AND GOVERNMENT.

MESSAGE FROM FRENCH MINERS.

(Reuter's Service.)

LONDON, September I.

At the Trade Union, Congress at Hull, Mr. Cook, Secretary of the Miners' Federation, received a telegram" from the French Miners, strongly protesting against the Dawes scheme and its effect on German workers. Mr. Marchbank, a rallwayman, hoped an opportunity would be given to discuss. the Dawes Report, which, he said, was designed to benefit international capitalism and ruin working-class movement.

the

Mr. Pollitt, a boiler 'maker, impassionedly demanded a Trade Union movement to control the policy of the Labour Government. The Congress should emphatically repudiate the threat to intro- duce emergency powers to act in Trade Union disputes and denounce the Dawes report, which made war inevitable.

Mr. Robert Smillie, on behalf of the executive, while not denying the right of the Congress to criticise the Government's policy, defended, the Jatter. He said the Dawes' agreement was in the best interest of the workers both in Britain and Germany....

That portion of the Council's report declaring it was not the function of the Congress to enlarge upon Labour Government Legislation was arride by a large | Majority, despite the attack of the Communist section. The Congress then ad journed..

SEVEN HUNDRED PRESENT.

EARLIER

The Trade Union Congress opened to the City Hall, Hull, with 700 delegates representing four and half million members. Mr. Purcell, M.P., presiding, said that labour's task was to capture every legislative and administrative function Referring to the position of the German workers, Mr. Purcell said that British trade unionism ought to insist that if reparations and indemnities had to be paid under the Dawes scheme, they should be paid without injury to the recipients. The burden should fall upon the exploiter and profiteer, Mr. Purcell commended the Russian treaty and warned the Congress that possibly opposition to the treaty right decide the fate of the Government.

LEAGUE OF NATIONS.

- ་

PRESIDENT OF ASSEMBLY ELECTED.

CHOICE FALLS ON M. MOTTA.

(Reuter's Service;) ·

GENEVA, September 1. M. Motta, of Switzerland, amid prolonged applause, was elected President of the Assembly. of the League of Nations. Forty-five out of 47 States voted for him.

PUBLIC GALLERIES PACKED.

The fifth assembly, of the League of Nations opened with the public galleries, packed. „M. Hymans of Belgium, acting President, was given an ovation. In his speech he described the progress of the League and affirmed that the League was indispensable to the life of the nations.

Hohe better circom

Nower

pistances than at any time in the country's history. They enjoyed' a

·grealer ----buying.

than 'iu my, Country on earth. He, re iterated that he was for common- sense governs, ment under the- American Con- stitution.

OLDER÷PAR-

TIES..... ARRAIGNED.

Senator La Follette · broad- cast an arraign to Himent of both the older parties, for "the" evils which he claims have krówn up under. their administra tion.

Mr. John Davis; addressing the Trade Uniomsts at Wheeling, West Virginia, urged his hearers to help bring the country to her rightful place in the Councils of Humanity

REICHSTAG'S DIFFICULTIES.

CABINET AND DEMOCRACY.

RESULT OF NATIONALIST BARGAIN.

(Reuters Service.)..

BERLIN, September, 1.

A difficult domestic situation will confront the. Reichstag when re-assembles on October 15: is to lose it present slight democratic tincture and for it must immediately decide whether the Cabinet become distinctly reactionary as a result of the hargain to secure Nationalist support in the adop tion of the Dawes' Bills under which the Centra and People's Parties pledged to help the Nation- aliets into the Cabinet.

the

while the Nationalists claim their action secured A pretty squabble is.. now proceeding; for the adoption Democrats and Socialsts point out that the

of the Dawes Bills, Nationalists votedolidly requiring a simple majority, while fifty-four against Bills Nationalists, including the leaders, Herr Hergt and Herr Westarp, voted against the Railway bill and only forty-eight for it.

If the Nationalists are admitted to the Cabinet, their numbers will give them a dominating influence. and claim to the Chancellorship with consequent power to wreck the plan which they consistently op- posed. Hence the Democrats and Socialists are Working for a dissolution and election, which, they are convinced, will enormously increase their strength in the Reichstag.

BELGIAN LOAN

THIRTY MILLIONS RAISED.

WITHDRAWAL OF TREASURY BONDS:

(Reuter's Service.)

BRUSSELS, September 1. The Belgian Government has arranged a loan.

M. Hymans lauded the settlement of the in the United States of $30,000,000, bearing interest Reparations Question at the London Conference, at 6 per cent, redeemable in 25 years

It is stated that it will be utilised for withdraw

as ushering in a period of peace, tranquillity anding the Treasury Bonds, issued in the United progress. Referring to the disarmament question, States in 192015 however, he said the very serious problem of security remained,

~~~~~Europe was unable to live in a state of insecuris, ty, Peace must be built on firm, legal, political foundations. All eyes were turned to the League: in the hope it would and a solution, The presence of M. Herriot and Mr. MacDonald testified, to', the growing importance of the League sald÷M: Hymans.

GERMANY AND THE RUHR,

PAYMENT FOR REPARATIONS.

(Reuter's Service)

PARIS, September 1... The various stages fixed for the re-establish ment of German economiz sovereignty. In the Ruhr will be calculated from today, as a result of the _meeting of the Reparations Commission officially registering the promulgation of the German Dawes

TWENTY MILLIONS:PÄID},"

*) BARLEY, September olster of Finance, Herr

paid into the,

General for

instalment for

A New York message states that a syndicate, headed by Herpont Morgan's people, is offering 50,000,000 Belgian Gold Bonds. The price asked Is 94.

2

FRANCE AND CHINA,

NAVAL INSTRUCTIONS GIVEN, (Reuter's Service.)

...: PARIS, September 1.

The French Authorities have fastricted ther Rear Admiral, commanding the French haval units in Chinase waters, to take the necessary, steps in connection with the threatened civil war in China. French diplomatic representative. He is to make his plans after consultation with÷tha=

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(Reuter's American Service.)!

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