THURSDAY MARCH 25, 1926.
WAR DEBTS,
LATE CHANCELLOR SPEAKS IN MILLIONS:
MR. CHURCHILL EXPLAINS
(British Wireless Service J.
Rugby March 24..
A debate took place in the House cf Commons to-day on the subject of the inter-Allied debts. It was opened By Mr. Philip Snowden, Chancellor of the Exchequer in the
Jate Labour Government."
Mr. Snowden pointed out that
Great Britain was owed £800,-
000 by Franco, £600,000.000 by Italy. und about. by the smaller States. Great Britain was pay- ing, to the United States about £34,000,000 a year, rising ultimate
BEARS AT WORK
LOW RECORDS ON NEW YORK
EXCHANGE,SAATA
SALES AVALANCHER"
(Router's American Service.)
New York, March 27. There has been an avalanche of selling orders on the Stock Mar- ket, carrying over a score of high price issues down to from three to nineteen points, making new ow records for the year. The total sales amounted to 2.600,000,
The bearish sentiment is in- 000,000 by Russia, £200,000,fluenced by reports of slackening £100,000.000 activity in the basic industries, European the widespread cancellation of
automobile orders, the Govern ment investigation into the recent oil amalgamation, and the poor showing of the General Electric last year. American Cans were hammered down 28 points.
to £28,000,000 under the funds, ing arrangement made with that country. The debt to the United Startes would be Houlilated any in 62. "yents.
ณ
WHITE RUSSIANS.
THE CHINA MAIL
TO ATTACK" KUOMINCHUN.
TRAIN
MORE FENGTIEN TROOPS
(Reuters Agency)
Tientsin, March 24. Two armoured trains, manned by "White" Russians have arrived at the Central Station from the singu line: They will probably be sent up to Yangisun to attack the Kuominchun armoured train Two trainloud's of Fenghien Tongshan, and reported that the troops arrived last night from whole railway line between Tien tain and Tongshan is now repaired and clear.
there.
·
General Chang Hsueh Llang dae here to-day or to-morrow. The Fongien forces, under his com mand have reached Tungku.
Mails are now being forwarded to Peking.
Lesson for the Powers
"Feng's Family.
According to an official agency General Feng Yur Hslang's family have arrived at Urga in Mongolia.
Moscow, March 24.
GENEVA DEBATE.
PRESS" AND SIR AUSTEN CHAMBERLAIN.
A MIXED CHORUS:
(Reuter's Service.)
MURDER TRIAL.
VERDICT IN THE MATTEOTI CASEL:
THREE CONVICTIONS
(Reuter's Service:)
["The three,`` run sentenced will
benefit by the mission of four years in the length of their sen
téncos:
*
sonora defended by Signor The Daily Express states Farinacei the Fascist Secretary- that something far more substar General, who wore a black robe tial then Sie Austers Chamber presented to him by local women lain's explanations are needed to Bar welcomed. Signor Farinacci Fascists. The chief of the Chiett renew the confidence of the coun-and his colleagues who had come by in his conduct of foreign to perform a lofty mission in de- affairs. His defence of the Geneva fending the accused." catastrophe is in a measure the extent to which those hapless. negotiations: have disordered his powers of judgment. Let us leave Europe and her quarrels and turn our eyes, to the Dominionst
London March 24.
Chieti March 24, The Daily Mail under the Thà, trial of five men" for the heading "Sir Austen Chamber's murder of the Socialist Deputy, Vindication says the Foreign Signor Matteot, resulted in three Secretary did very well at Geneva Duminis Volpi, and Poveromo
They are also in spite of the difficulties created boing sentenced to six years in- for him by the mischievous prisonment sach activities of enthusiastic busy.debarred all their life from hold- Ing any public office; and orderød bodies.
The "Daily News' says Sinto pay the costs of the prosecution. Austen Chamberlain'e speech con- The two others--Malterin að.
Viola were achitted firms the distrust generally felt in this country. On his methods isand intelligence he is unit for
his office.
The "Daily Herald" anys that A cab of March 15 reported: nothing less satisfactory than Sir The trial of the five men, Dumink Austen Chamberlain's defence Viola, Volp Poveromo, and carr, be Imagined
Malacri accused of the "wilfull The Westminster Gazette" but unpremeditated killing of the If the debts of the European
says that the Foreign Secretary's Socialist Deputy, Signor Matteotti
·States to Creat Britain were funded (24,000,000 for
62 years. This
London.. March, 24
admissions and omissions make the discovery, of whose body was on the same terms as the British country attached the utmost in- The compliance of the army up as formidable an indictment made in July 1924, after his dis debt to America, Great Britain portance to the fact that that aders of the Chinese Governments that any of his critics made, appearance la June caused a world- would get 284,000,000 a year from was on the sole credit of Italy with the recent uitimatum sugIf any hopes are founded upon wide sonsation, opened in the Court the European States. But under herself and not contingent on the gents the Fowers have everything Sir Austen's conduct of foreign of Assize. This town lain remote the Balfour Note Great Britain was reparations that Thaly received to gain by combined action in de-affairs they have now completely Abruzzi Dumini, the chief pri- not asking for £84,000,000 but for from Germany. He emphasised fence of legitimate foreign in-vanished, £38,000,000. Under the German re-that no political consideration of terests in China, according to the parations and the sums due from any kind entered into the fixing of Tes, which hopes the interest Italy France, and other Con that sum, except the general poli-td. Fowers, especially Britain," will timental debtors there was sufficient tiral consideration of the long profit by this lesson, to pay the annual tribute which friendship of Italy and Great Grens Britain had to pay to the
Britani United States..
French Difficulties.. Under the Italian agreement i Great Britada received £4,000,000- The main principle on which an year and if the provisional agreement was reached with M. agreement with France were Caillaux last August was the carried out. she would receive discharge by France of her liabi £12,000,000 yensly from that countios by paying 62 anuities of | By With £18;000,000; a year from £12,500,000 on her sole credit. the Gummiam reparations the total Thai was the basis of the agree- yourly receipts would be £26,500-munt, but there. were three 000, so that when we were paying points, one of which presented! £8,000,000 to the United States we land still presented difficuties should be 211,500,000 to the bad.. which were outstanding."
Thxpayer Hardi Hit..
The first point related to ex- Referring to the digaments that change that certain elasticity Great Britain was a rich country. I would be given in making: pay- whilst her debtors were pông, Mr.ments. Certain elasticity was Snowden pointed out that during allowed for in the agreement with the time when this country was italy, but in the case of France suffering from unparalleled brade they had not yet arrived at any depression. France was enjoying a precise form of words. period of unparalleled prosperity. She had no unemployed like tht was that the full figure of The second outstanding point country, and had spert enormous suns in industrial reconstruction. £12,500,000 was not to be reached "You Great Britale was payink in 1930. It was to be reached taxation 50 per cent. more this by a series of steps, along which. France, and she was, paying, 100 payments were to advance until per cent more than Italy. In this they had reached the full figure. way the British taxpayee was sub. The British representatives had sidising the severe competition of their view of what these pay France and Itay with Britishments should be, and they put goods.
the views before the French If the time came when France Minister. M. Cailloux neither resumed the negotiations with us accepted nor rejected it, but he in regard to the settlement of the (dr. Churchill) was left under the. debt he hoped that the Chancellor impression that if everything else. would not be bound altogether by were antisfactorily adjusted there. the terme previously mado, but was not likely to be any serious) would ask for a revision of those difficulty about that. terima which would do less in- justice to this "country.
He described the settlement with Italy
ay trivial in the extreme...
The Common Cause,
4
A Low Annuity. There was. the final point of difference, and one which present- et the most serious difficulty. The British representatives. had
Mr. Winston Churchill, Chan-assented to so low a figure as cellor of the Exchequer in reply- ing said that this country had £12,500,000 as the basic figure of never taken the view that the coat the annuity on the understanding of shot and shell fired in the com- that it should be on the sole mon cause eculd be considered mor credit of France and not contin- ally and sentimentally as on exactly gent on reparations...
There was a certain alternative the same footing as ordinary com. mereial debta. We were willing procedure, by which a small por to obliterate altogether all the tion should be contingent on the debta owing by our Allies, provided Davies annuities and the rest on that we were treated in a similar the credit of France, but the mannex That, view did not com-French Minister held most strong- mendi itself to the United States, ly to the view that, in the event of and we were forced, therefore, to the total failure of the German adopt a different position from that reparations, France could not be which our own instincte und his-expected to continue those pay- torical traditions had naturally ments. That seemed to take suggested, and the Balfour. Note away with one hand what had was drawn up. We adhered to it,been given by the other. and as far as possible we weremained a very definite obstacle to endeavouring to give effect to it; the conclusion of this agreement. but we were also doing what was whilst these difficulties with fair and right toward individual France might be serious he be debtors who had made genuine and lieved that they would not prevent spontaneous efforts to redeem their obligations.
It re-
RUBBER PRICES.
LATEST QUOTATION FROM SINGAPORE.
per
"MARKET STRONGER."
(By Courtesy of Messrs. Carroll Bros.),
Singapore, March 25.. Rubber is now quoted at $1.06
have declared an interim dividend The Birkit Katil Rubber Estates
of 4 per cent.
The market is stronger all round, Quotations follow:-
Alor Gajahe
Ayer Panas Balgowcles Bassetts Brogas..
Bukit Jelotongs.
Jerams Jimahs
Kedahs
Strafts:
Allenby's.
$ 3:40
2.75
Amalgamated Malays
4.50
Ayer Moleks
3.10
1:4:00
300
1.55
1:85
1.40
Bukit Katils
1.45
Changkat Serdangs
9:30
Connemaras
-260
Glenealies
2,65
Indragiris
10:00
1.90
245
4.75
Kempas
10.75
Kuzla Sidime
4'00
Lunas......
450
Maleka. Pindas:
3.60
Malakoffs
480
.Mandal Tekonga.
.95.
Mayfields
15.00
Mentalcats.
70
New Serendaha
475.
Pajama
14:50.
Punggore
1.45
400
3.65
4.60
29 00
Tambalaks
“TASÍ
Teluk Ansors
1540
United Malaccas
3.10
Utan Simpans.
4.50
Sandycrofts Scudais.. Sungei Bagang, Tapaha
AN APPEAL.
speedy and satisfactory arrange FOR SHAKESPEARE MEMORIAL ment
Minor Powers.
Honourable Discharge. On the other hand every civil. ised State had an immense interest We had also made certain. in obtaining from its creditora a settlements with minor Powers, full, free, and honourable discharge particularly Roumania.
THEATRE.
(Reuter's, Service.)
We ex-
«London, March 24. of ite contractual obligations. pected to obtain £12,500,000 from
Mr. Stanley Baldwin, Mr. Ramsay Without auch discharge the credit France. We had undertaken to MacDonald, Lord Asquith and Mr. of the debtor was gravely under-get from Italy £4,000,000. We Thomas Hardy have signed an ap mined. The power of the creditor estimated that we might be able peal for funde to replace the was limited not only by the debtor's to collect from minor, Powers, Shakespeare Memorial Theatre of capacity to pay, but by the debtor's say, up to £2,000,000. And if Stratford-on-Avon on a worthy view of the Importance, to himself Germany paid, three-quarters of scale O
of world credit.: 110WNED the approximate reparations [A'message received on March ⠀⠀⠀⠀ Not Russia's Last Word.under the Daves scheme, which 7 and--Fire has destroyed the As to what had been done toward was a perfectly reasonable basis Shakespeare Memorial Theatre and collecting debts owed to us, M, on which to work, that would Tower at Stratford-on-Avon, but Churchill said that, though Russia mean £16,000,000. Therefore, in the Museum and picture gallery had repudiated hers, it might not the near or not too distant future have been saved. A passer by at be the last word that we should we should be receiving £38,000,000 three. In the afternoon noticed hear from Russia. Things were a year AD
smoke" from "the Theatre," Fire Brigades eventually arrived,
changing there, and the importunes. We were at present paying and thousands of spectators of world's credits to that vast $3,000,000 a year to the United watched a hopeless Aght to enve community was dawnlar upon States, and probably by the time the Theatre, but combined, strenu Russia's rulers. We did not abrogate any of our claims, and it all this was fully gathered wees efforts, aided by a Say
at any time the initiative in rais should be paying £88,000,000 wind, prevented. "the
There was thus a margin and a spreading to the
ing the question came from Russia
we abduld not treat Russia with
"leas consideration than we had treated other debtorsdag-
to the debt of Italy, her
gap which perhaps, some day Gallery The flames licked up a Russia might be prepared and large quantity of the woodwork of anxious to fill. He did not think the Ther:19. REA that we were so far from having rema achieved the principle and ob
decia
Seven little sausages: Sizzling on a plate,
In came the boarders
- And then they were afe.
The Daily Chronicle" con demms the whole of the country has shown for SimAusten Cabinet, and says Sir Austen Chamberlain's political judgment Chamberlain revealed right to the has not diminished. last the same errors of Judgment The Times" regrets that the and narrowness of vision by Foreign Secretary did not permit which he stultified Locarno and himself similar freedom damaged his own prestige,
and directness of speech during the The "Manchester Guardian" suspense preceding the unhappy says that the distrust which the negotiations at Geneva,
MARCH RECORDS
Fox Trot with Vocal Chorus: Suriny,
What A Blue Eyed Baby You Are.
Smile A Little, Bit
Don't Wait Too Long,
A Cup of Coffee, e Sandwich and You
1 Food of You.
In Your Green Hat:
A Little Bungalow.
(Who?
Fox Trot.
1Song of the Vagabonds.
Waltz with Vocal Chorus,
The Prisoner's Song.
I take You Home Agalp, Kathleen..
When I Dream of the East. Waliz. With You..
1 Golden Dream Girl
Down By the Winegar Wolks"
Bamboola. (Fox Trot):
Instrumental Records.
Show Me the Way 10, Go Home, Piano (Who Band D'ye Love You? Plano, The American Beauty Waltz, Baod. Thousand and One Night Waltz, Band. Dark Hawaiian Eyes, Hawallan, v Aloha (Means I Love You), Hawalian....
HEAR THESE RECORDS AT- EDISON STUDIO No. Duddell Street.
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