Page
CA.BLES.
LATEST CABLES.
(THROUGH RUTHE'S ADENOY.] THE SILESIAN IMBROGLIO, FRENCH PRESS RESENTS MR. LLOYD GEORGE'S BEMARKS.
LONDON, May 19th.
The quieter tone in the French Press. mentioned yesterday, has disappeared to-day, in view of Mr. Lloyd- George's statement, which is regarded as aggravat ing the effects of his speech in the House of Commons. His reference to the for sign Press opinion is dispute. The papers declare that the whole of the American Press, with the exception of pro-German organs, Briand's policy, while the important Italian newspapers' mostly approved the French viewpoint,
THE HONGKONG DAILY PRESS, FRIDAY, MAY 20, 1991.
LATEST UABLES.
INDIA IN IMPERIAL
CONFERENCE. ITS CLAIM TO DOMINIÓN STATUS.
LONDON, May 10th
don,
LATEST CARLES
WAGES REDUCTION. FEDERATION REFUSES COTTON EMPLOYERS PROPOSAL.
LONDON, May 18th. Mr. Sastry, the Indian dalsgate to the The executire of the Northern Counties Imperial Conference, has arrived in Lon-Textile Federation in Manchester has Interviewed by the Manchester refused the employers' proposal of a 30 Guardian correspondent, he declared that per cent. reduction in' wages. he was not particularly optimistic in U.S. MARINE WORKERS STRIKE. regard to the conference, and could not say that round table discussions of
WASHINGTON, May 10th..
The House of Representatives, in con- nection with the maring workers who are on strike throughout the country in consequence of a dispute in regard to a proposed 18 per cent. reduction in wages, has now fully empowered Mr. Davis,
**CHINA. AFTER THE WAR,”
CURRENCY AND BANKING.
The Bureau of Economic Information issues the following extraet from Presi. dent Hau's recent "volume on: China after the War tim
THE ANGLO-JAPANESE ALLIANCE,
THE PROGRESS OF SCIENCE. EINSTEIN AFTER 18 MONTHS. CHINA'S HONOUR,
NEW ASPECTS OF THE THEORY. Representations made by China to
BETAN TIME' SOJENTIFID Great Britain concerning the renewal
CORRESPONDENT] The industrial prosperity of a nation of the Anglo-Japanese Alliance which depends greatly upon the soundness of were presented during May, 1920, atarl
Scientific men have now had nearly I have now been published, are as follows : its currency and banking system. these days of extensive as well as inten-
of “We are repeatedly informed, in view | 18 mouths of acute discussion
It has much to its sive oxploitation, the capitalists con of the approaching expiration of the Einstein's theory. cerned must have an adequate reserve to Anglo-Japanese Alliance and in pursu draw upon. This sometimes necessitates apce of the stipulations therein concern- credit. It has accounted for the ob- banks, when the strength of one bank or piration that the British and Japanese sot quite what they ought to be on the combination of the resources of waaying renewal one year prior to its ex-served fact that the orbits of planets aro two is insuficient for the sake of supply. Governments have already begun an ex
ng thera with the necessary funds. For change of views thereon, and that if Newtonian theory. It was able to pre instance, agricultural development, where renewed the treaty will have to be revis-dict"
A minute but very remarkable. machinery, reoinin waste lands, open considerable capital is required to buy As this matter vitally concerns canals and build irrigation systems, etc., China are alarmed.
China and the Far East, the people of alteration in the apparent position of stays visible only during a total eclipse there are agricultural banks which make Fortunately it has been inter- of the sun. It has been able to fit loans on the security of the houses and national usage that when two friendly gravitation into, the general scheme in buildings on the lauds, or of the lands nations conclude a treaty it can only stead of leaving it as an isolate “ fact.” of other industries, where money in re- themselves. Similarly, in the promotion
cover rights and interests rightly belong- It has made the hypotheala' of the It has explained If ther chado materials
ment, and this usage has acquired fresh away a baffling paradox. und machinery, etc. there are banks to Anance the undertrength as a result of the great war, in axists, this world is passing through it at a velocity which must have a mensur taking which will accept as security the that international equality has become a
able relation to the velocity of light. buildings or debentures of the company watchword with the nations.
Besides, or other realizable property.
There ought, therefore, to be an appre ciable difference if the times taken for banks are indispensable for performing such operations as exchange and remit tance, deposits and loans, hypothecation and mortgage
och
subjects of Imperial interest led to much improvement of India's' status in the Empire, which must be raised to equality with the Dominious, otherwise the defence of India was that it could not be approved M. pected to disenas seriously the problems of Secretary of Labour, to accept such wagequired to buy lands, erect buildings, pur. Jing to the nations party to the agree æther unnecessary.
The Petit Parisien says Mr. Lloyd George has deeply wounded French senti- ment. France is entitled to consideration when the security of her soldiers is affected. She only wants simple justice; namely, that the country essentially Polish be restored to Poland...
The Petit Journal, referring to the passage "the future of the world will bo determined by old or new friendships," refuses to believe that Mr. Lloyd George
Imperial defence and Imperial Pre-redictions as he deems proper. ference.
Mr. Sastri bitterly referred to the ex- clusion of Indians from Australia" and Canada, and declared that South Africa had shown considerable racial prejudice towards Indian settlers. In view of this position, India would definitely oppose imperial Preference. Freedom of trade. also meant freedom to enter another equntry. As long as this were denied. India would continue to demand Domin. ion status.
**
EARLIER CABLES.
MINERS' STRIKE.
EMBARGO ON COAL
LONDON, May 18th. The Executives of the railwaymen and the transport workers have ze-afirmed the
coal embargo.
PROSPECTS OF SETTLEMENT,
Banks in China may now be divided into four classes-namely, Chinese banks, modern Chinese banks, old-style foreign banks and Sino-foreign banks.
"If, as hitherto, the terms of the Alliance still concern such words as China and China's integrity with out China's being a party thereto, it is in fact an affront to the honour and dig. aity of an independent nation, and the allow the matter to pass without express- Government and people of Chica cannot
ing their protests."""
!
TRIUMVIRATE IN PEKING.
light signal to reach as when we are moving towards its source, and when the movement is in the opposite direc
But no such on or across its path.
Tha differences have been detected. Einstein theory explains much and re- duces reality to the single assumption that there can be no greater volocity than that of light, and to a very diff............ cult geometry.
Slowly the ground is clearing for trusted. Recently, owing to competition LUNCHEON PARTY IN PRESIDENT'S ability to understand Finstein's for
OFFICE.
resumption of the coal negotiation, and Ir. Sastri strongly favoured an Indian there is a general feeling that a round threatened France with a possible ølli- | Navy manned by. Indians and controlled table" conference will be called shorty modern bank. usually demands proper conference at Tientsin. They went and a
from India. Its relationship to the ImMeanwhile, the transport workers threats perial Fleet must be carefully discussed. to hang up the ports have been effective As for example, he could not imagine they countered by thousands of volunteers, Indian Navy in the event of war being who are working under police and milk ordered to protect Australia, which bad tary protection. closed its doors to Indians.
ance with Germany, and declares that if he forgets the 600,000 British soldiers buried in France, the British people will
not forget it.
1
The fat declines to make Grent Britain responsible for the language of her Premier, nud says that he is entitled not to share French opinion as regards Bilesia, but could, express his views in diplomatic potes,, not in speeches.
BRITISH PRESS COMMENT ON PREMIER'S SPEECH.
ECONOMIC SLOUGH.
SIR AUCKLAND GEDDES REMEDY.
CHICAGO, May 19th.
Sir Auckland Geddes, in a speech here, advocated world-wide reduction of arma ments, and pleaded for Anglo-American LONDON, May 19th. With the exception of the Morning co-operation in the interests of the peace Port, which compares Mr. Lloyd George of the world. He also supported an in- to a coster at coconut shying at Hampersational agreement among business. stead Heath and declares that he is men unhampered by Government super- throwing balls of rhetoric.se the heads vision, in order to extricate the world of France and Poland, the newspapers-wide from the economic slough. applaud the opportuneness and candour.
of the Premier's statement. They do not sight of the fact that France has much TERSON to be suspicious of naything
OBITUARY
WASHINGTON, MAY 19th. The death is announced of Mr. E. W.
INDIAN TRADE.
FIGURES FOR 1920-91.
CALCUTTA, May 18th.
become provincial banks.
ter.
**times
+
LA DUTO
These details of method we must be cons
Of the first class of banks, there are foir varieties, The Pius Hao is a bank. which handles most of the remittance and exchange operations in the interior of
Those who are advanced mathemati cians must reconcile themselves to in the country, and is perhaps the most
mulie The older with modern banks, it is gradually dis-
geometry of Euclid was based only on the three dimensions, appearing from the large cities and
NO that treaty ports. The Ch'en Chuang is the
The Triumvirate
their length, breadth, land depth, reversed old-style Chinese bank. Whereas a decision not to go to Peking after their pasted out in the form of models; the formu', however olaborate, could be
furthest recesses of the universe appear- security before making loans and gives funcheon party was given by the Pro-ed to be only magnified arrangements of low rates of interest or deposits, ideat at Wai Jen Tang in the President's Ch'ien Chuang offers higher rates on
compasses, Einstein uses a geometry of Chang Teo-lin and Wang Chan-yuan. The four dimensions, and human experience, deposits and requires no other accurity Office in honour of Generals Tsao Kun, con we could ensure with scales and for loans than the borrower's bona fides. In this way, it is especially popular and Prime Minister, the Ministers of the In- does non contain the materials cut of
cin build useful to small capitalists. The Zu Fang terior, Communications, Foreign Affairs, which the imagination was originally engaged in the melting etc, and about a dozen other prominent picture in more than three. Moreover, of bullion into syce, which was then persons including Mr. Liang Shib-yi one of these four dimensions is time, and the standard medium of exchange of the Generals Wang Hui-ching, Ching Ching the conception that space in three dimen country, but now in Peking, Tientsin, hui, Tsai Cheng-hsun and Admiral Lansions has no absolute reality but varies Yingkow, Mukden and other cities in Chien-chu were also among the guests. with the time so that there can be an North China, it also acts at the same An excellent cuisine a la mode European indolinitely different number of things time as a regular banking institution. was served. The host and the guests had according to the indefinitely different co-existing in the universe, Before the establishment of branch offices a pleasant conversation, in which, how- The Indian trade figures for the year of the Bank of China, in, different cities, ever, the report says, no political ques seems more like the dream of a poet than 1920-1921 show a decrease of four crores the Kuan Fin Hon ised to handle the Lions were touched upon. After the ad- the fact of the physical world.
In the funds of in imports froin Java. There is an in-centay, its organization has been changed, invited his guests Chun Hou Tsai to view require the use of the
the various provinces. Re-journment of the party, the President second place, the formula themselves very abstract crease of 74 crores in imports from Japan, and at least one half of its number has peony flowers. At four o'clock in the mathematical
afternoon, the President had a conference gausian fonceptions known,
as much and a decrease of 22 crores in exports
The first modern Chinese, bank was logarithms, as the latter to Japan.
established at Shanghai in 1888 under Wang Chan-yuan and the Frime Minisare more difficult than simple figures. the name of the Bank of Commerce, by AUSTRALIANS' "TOUR. Sheng Hsuan-huni, the originator of the Hanychping Company and other modern MATCH AGAINST ESSEX.
industries,
Since then the number has greatly increased, and in Shanghai alone, there are now the Chekiang Industrial LONDON, May 18th...
Bank, the Ningpo Bank, the Chung Hua At Leyton, in glorious weather before Bank, the To Lu Bank, the Chung Foo Union Bank, the Chin Cheng Bank, the a crowd of 10.000, Essex on a good wicket Shanghai Commercial and Savings Bank, made 144. By good fast bowling Mc- and so on. Various banks have also been catablished for various special purposes Donald secured & wickets for 54 and for example, the Bank of China to act the Bank of Communications to handle muda 222 for 8 at the close of the day's the receipts from the different railways; the Salt Bank to handle the receipts from COUNTY CRICKET.
the salt collectorate; the Bin Hua Say- ings Bank to handle the savings deposit Hants beat Kent by 131. runs."
bonds, and the Territorial Developmcat Bank to take charge of capital for terri REPARATIONSTM CLAIMS:
torial development. Including the pro vincial banks which handle the provincial GERMAN OPPOSITION.
funds, there are now no less than two. hundred, modern banks and agencies, în BERLIN, May 18th. the country, with a total paid-up capital
of over forty million dollars.
Forsign banks include the following- Hongkong and Shanghai Bank and the Specie Bank, Bank of Taiwan, Sumitomo Bank, and Mitsubishi Bank (Japanese) Internations! Banking Corporation and Asia Banking Corporation (American) Husso Asiatic Bank (Russian); Banque, de l'Indo-Chine (French); Banque Belge pour l'Etranger (Belgium); and Nothering regulations lands Bank (Dutch). And until the out- break of war between China, and Gor- many there was also the German Deutsch- Asiatische Bank, but since then it has gono into liquidation. Agencies of these foreign banks have been established in Peking, Tientsin, Shanghai, Hankow and other big ports
amacking of pro-German sympathy, but / White. Chief Justice of the United Gregory 3 for 32. The Australians have as the agent of the Government trenaury; cerning the Mongolian Expedition, the the existence of absolute space," indopen-
argue that the Premier does not enter-
States.
"Hence, continued Mr. Lloyd George, the Treaty of Versailles is a document
tain such feelings nor antipathy towards Poland. On the contrary, Mr. Lloyd George, farsightedly, seeks to safeguard the future of the whole of Europe, ignor- ing the immediate "interests" in favour of principles of justice, which are mare of infinite moment, especially to the likely to serve the world. in the future. Entente nations, binding us together
play.
It is semi-officially announced that the
FOREIGN CHRISTIANSCHOOLS
IN CHINA..." REQUIRED TO REGISTER.
The stay of the Super-Tuchuns in the tant to leave to experts, confident that
if holes can be picked in them, the task. will be cheerfully performed by other capital was brief.
TIENTS IN RESOLUTIONS RECONSIDERED. experts. So far it has stood the text and At the conference referred to above, is admitted to comply with mathematical the three Inspectors General brought logic, and as is well-known, critical de- the resolution, passed at the Tientsin ductions from it have been confirmed by conference to the notice of the President observation. for reconsideration.. It is believed that
NO "INFINITE. there will not be any change in the
But its more remarkable and surpria- decisions originally decided upon ating aspect is easier to follow. The Now- Tientsin in regard to the questions con-tonian scheme of the universe, assumed Parliamentary Elections, the expedition dent of the aggregations of matter-stars against the South and so forth. But as or molecules in it. Science and philo to the nomination of the personnel for rophy could not tolerate the iden of the new Cabinet, to definite conclusion action at a distance, and the space was But ab- accordingly filled with ether. was reached by the authorities:
solute space has disappeared from the Einstein universe. In such a space the familiar conceptions of Euclid might hold good. But space is only the rela- tion between pieces of matter; not only has it lost any reason for its existence, but it is negatived by the new theory. There is no infinite in the universa For the purpose of securing information Einstein admits the truth of this infer
for a way out." Newton also assumed colleges in the inland cities of China. followers, is shocked by it, and hopes most of which have been established by the existence of an absolute, evenly flow foreign missionaries without the previous ng time, independent of the systems by: sanction or knowledge of the Chinese which it might be measured. An abso- Government authorities, the Ministry of lute past, present, and future existed, Education has now drawn up the follow- although no conceivable clock in the universe might tell the correct "time" Foreign Christian colleges and and although the presont, to une observer schools in the interior must register mght be the past or the future of other them in the Chiaoyupu in accord. observera. Einstein's theory also nega tives the existence of absolute time ance with existing laws. 2.-All, foreign Ohristian educational Time has become simply one of the vari- establishments shall be regarded as ables in his equation. Eternity has be the old sor private institutions. tablishes come a closed system, the of
Shihli or private establishment pent with its tail in ite must be written before the name of such institutions.
of this new theory with all its implica
Without doubt it presents a tions. 3-The students of middle colleges coherent scheme of the cosmos, combining
utrigues by the substitution of healthier may not have to live long to regret their | Reparations Commission is. demanding Chartered Bank (British) Yokohama about foreign "Christian schools and ence, but unlike some of his most ardent
difficulties which make it difficult to
The Liberal organs, particularly, wel when there is so much to divide ex come the statement as marking & de- Those who treat its provisions as if they parture from war-breeding diplomatic were the sport of passion or prejudice frankness and publicity, which, it is botheadedness. The British people would hoped, will have the effect of righting the thirk no part of their responsibility that the German Government surrender sizantion, which is threatened to become under the Treaty There are temporary the rights and interests in the concessions
spare, troops, but we confidently nati- mentioned in Article 260 of the Treaty, capata that these will be over soon, and I
Germany contests the contention that draw attention to the fact that at the recent conference we intimated our rendi- верд
it Germany refused the Allied this includes the oil-fields, mines and Au Inter-Allied Military Control Comterms, to place the British Fleet at the stone quarries. mission Note demands Germany immed disposal of the Allies. iately to take measures to prevent re-
most critical since 1014.
GERMANY ASKED TO DISBAND VOLUNTEERS.
BERLIS, May 19th..
The Commission also demands shares The British Government," Mr. Lloyd George said, "were anxious to have the in undertakings of the character spreided division of Bilesia settled at the London Conference. All the facts of the plebis, in Articlo 200, ... · cite were known, but our Allies were not
M
Acruiting of volunteers for Silesia, and disband the detachment already formed. SUPREME COUNCIL MEETING.
ready to proceed with the discussion. Wo NEW VANDERLIP CONCESSION LONDON, May 10tb.
will abido faithfully by the decision of Reuter understands that Italy has inti-
TEN MILLION ACRES IN mated her willingness to send Count the majority of the Powers, who have s voice under the Treaty in defining the Elorza immediately to attend the forth Silesian boundaries, whatever the verdict.
ARCHANGEL.. coming meeting of the Supreme Council.
fully accept
the plebiscite as the France has, also, agreed to the meeting, expression of the wishes of the people of but but în unable to fix a date at present, Silesia," the Premier" declared, owing to the uncertainty of the duration having entered the Great War and _of_the_debate_in_the French Chamber sustained gigantic losses in the defence
which will begin to-day.
of the old treaty, to which this country party, Great Britain cannot con- sent to stand-by whilst the Treaty her representatives signed less than two years ago la trampled upon:"
MR. LLOYD
EARLIER CABLES. GEORGE'S READING
OF THE TREATY
Was
-- KORFANTY'S PROCLAMATION.. LONDON, May 18th, The Polish Consul-General has inform ed the Intor-Allied Plebiscite Commission
Los Anguas, May 18th. The financier Mr. Vanderlip has tele- graphed from Russia that he has obtained filty years--lease-of-ten-million acres of spruce and in Archangel for the production of newspaper pulp.
Uf the Bino-foreign banks, thoro are the Chinese American Bank of Commerce, the Bino-Italian Bank, and the Sino Japaness Exchange Bank.
Now, each of those four classes of banka serves some purpose in the economic development of the country. Because modern banking as an institution has not yet been firmly established in China, exchange operations in the interior are still being mainly performed by the old- style banks. Similarly, for foreign change operations, reliance has to
be
dipon foreign and Bing-foreign banks functioning in the country. The operations of these four classes covar nearly all branches of commercial banka. 10g, but as yet there are none to finance
We have to face the enormous' success
established by foreign missionaries must be taught by books recognised more scattered observations into order,
and resting on fewer assumptions tha and approved by the Chiaoyupu.
former scheme. We have to fach any 4-Same treatment should be accorded also the joy of a modern school of mot
physicians who believe that inson has
leder by the foreign, missionarios
students
and teachere
5. Foreign missionaries should permit their students to select, religion (1) themselves without interference. "Asiatic News Agency, M
ITALIAN ELECTIONS."
ROME JOURNAL'S FORECAST.
LONDON, May 18th.
Box, May 19th. Mr. Lloyd George, in the course of his
The Idea Nazionale forecasts that the statement to Router's representative, that Korfanty has issued proclamation new Chamber will consist of 285 Coall-ment banks and agricultural banks, very Besides, China's commitments abroad and said,The stand taken by the British, calling on the Upper Silesians to sur tionists, and 244 members of the Opposi American and Italian public ng the Fonder arms, remima work and avoid Bilesian question should not be offensive coming into contact militarily with tion, among whom there will be 135 to France. They mean to apply the Germans. The proclamation states that Socialists and Communists and 4 Ger- terms of the Treaty of Versailles justly, 10,000 men have already been demobilised on. whether for or against Germany. The Korfanty's Executive Committee has
SINN FEIN OUTRAGES. Inte of Upper Silesia must be decided by notified the Commission that Poles can
the Supreme Courely cannot be allowed draw before the Allied troops.
children of the
a somewhat tarnished idol For here is the universe resolved into a mathematical conception, the form Di thought most pure from any contamina tion with experimental science. The old absolutes, infinite space and eternal time, refused to fit into a subjective mind. But now they can be dispensed with, are indeed unnecessary, and the cosmos be- be comprehended in a formula. Phyer- comes merely a set of relations which can cal science has capitulated to metaphy
The word is certainly with the But perhaps not so completely and finally as they scan to
inics
not Korianty. The not yield to the Germans, but will with DEATH OF VICTIM IN LONDON- In addition, there is the question of so that the market might not be glutted before in-the history of science, this un-
LONDON, MAY 18th
M. BRIAND'S ATTITUDE.
LONDON, May. 18th
One of the victims in the Sing Fein The Daily Mail correspondent at Paris outrages in London, recently, has died... says that M. Briand on being shown a summary of Mr. Lloyd George's state ARMED REBELS SURPRISED. ment declared that France also wanted to see the Treaty carried out, but it com
LONDON, May 18th:""
to break the crockery of Europe with Impunity; somebody must place are straining hand on them; otherwise there would bo continual trouble... The world's course, during the coming years, cannot be forecasted. The mists ahead aro un tinually dense. Much will depend upon the Allies holding together. Apart from caun deformine the future groupings of Lained nothing saying that all the rich The forces of the Crown arrested 14 Treaty obligations, unforeseen events
mining districts of Foland ehall go to armed civilians in the Kanturk district, estions and the future of the world the Germans while the Poles get what is and captured a Hotchkiss gun. They sur especially of Europe will be determined left. I do not wish to enter into prised a column of armed rebels in by old or new
poltaics with Mr. Lloyd George; I stand Klimacthomas, Waterford, and captured (('entinued of foot of next coluntungby what I said on Saturday
industrial development. In spite of the tion between the relative values of silver regulations promulgated in 1914 and 1910 and gold in the world's market, the silver for the promotion of industrial develop standard is act entirely satisfactor few of those have been organized. On the other national obligations are paid other hand, there are many, many such god, and this mans gresk uncertainty metaphysicians banks in Europe and Americh, which help about the precise amount, in silver which think. There romasina one su to a great extent in promoting the indus the country has to lag aside, in order the assumption that the velocity of light trial development of these continents to moet thom.
́is an absolute." And thus thors: still The Chinese banking system is very defer In 1915, the Government promulgated survives in the theory a little bit of Live in this respect, as well as in its further regulations to restrict within pro-reality which is not subjective. As often undue reliance on foreign institutions. per limita the isnie, of paper currency,
comprehended factor of external reality currency reform the change of the by depreciated notos. At the end of 1917 may break through the network-throa monetary standard, the restriction upon the following totals of bank notes in by thought over the commos. tote issue, etc. which is also intimately circulation reported 890,000,000- bound up with that of exchange and issued by duly authorized modern honks credit. In 1916 because the economio 8120,000,000 issued by duly authorized conditions of the country did not warrant
native banks;
and 880,000,000, by foreign The Australian Dovernmont has decid- the adoption of a gold standard, the banks-a grand total of nearly three ed on a grant of £50 sterling, for each Government promulgated the National hundred million dollars. Sooner or later year of active service to Australians Coinage Law and made the silver dollar when the country settles down to a ineluding nurse, who enlisted in the the standard money in all transactions thorough financial reorganization, these imperial Army. This dollar was to weigh sovon: msoe and notes will have to be standardised or ma two candarons, and was to be 800 fine rodammeil, and the service of experts will However, owing to the constant fluctus be required to work out plans of their ** (Vontinued at feat ofinces column.) rodemption and standardization
werd
Wanted form of prohibition that will stop money from getting tight.”- Bestor Shoe and Leather Reporter.