Page
CABLES.
LATEST CABLES. {THROUGH ZEUTER'S AGENCY.]
BRITISH STEAMER
DAMAGED.
IN COLLISION WITH JAPANESE STEAMER.
الله
PORT SAD, September 20th. - The steuer Barun Elcho has a big hole in the starboard bow" and several plates: and frames have been damaged. Sur- rayers recommend discharge of cargo suffi- meat to ascertain the extent of the damage The temporary repairs will probably occupy about a month.
Pu
The Muroran Marn has arrived at Port Enid. She was slightly damaged above the main deck and the starboard hawse pipe was broken. She is expected to sail on September 19th.
U.S. SHIPPING POLICY..
PROBABLE INTRODUCTION OF
THE " HONGKONG DAILY PRESS, WEDNESDAY, SEPTEMBER 11st, 1991,
LATEST CABLES.
COST OF LIVING, IN GREAT BRITAIN AND STATES.
LONDON, September 20th.
While the cost of living in Great Britain dropped: per coat. in August, au increase of 4.3 per cent occurred in
the United States.
The cost in the United States, however, is only fe per cent, above the pre-war Fate, as compared with 10 in Great Britain.
PROBLEMS OF HOLLAND, · NECESSITY OF STRENGTHENING THE NAVY.
کر کے
<
LATEST CIELAS,
RUSSIAN -FOOD TRAIN.....
DERAILED.
SUSPICION OF FOUL PLAY.
FAR EASTERN CABLE
NEWS.
FOROUGH REUTER'S AGENdy.}
JAPANESE POLICY IN CHINA.
LONDON, September 19th.
YOKOHAMA SPECIE BANK.
PRESIDENT'S SPRECHAT-HALE-
YEARLY MEETING.
THE BANKRUPTCY, ÖF SOVIET RUSSIA.
We take the following from Vladivostock Daily News-
The eighty-third regular general meet- ing of shareholders of the Yokohama Government issued a decree withdrawin At the beginning of 1920 the Sovie Buda, September 20th.
Specia Bank was held at the Bank's pre-from circulation all money tokens, bu mis on Saturday, September 10th when Eye-witnesses state that a feed train.
A long and detailed exposition of the the accounts for the first half of this up to the present messure has giver bound for Russia wis derailed. ob Japanese proposals regarding Shantung, year were presented and passed.
published in London, concludes with s September ath. just outside the Latvian declaration that, with the removal of the speech delivered by Mr. Kajiwara, Pre- The following is a translation of the
trontier, Twelve waggons carrying con-
German and Russian menace from the Farsident of the Bank:- Eat, Japan's policy towards, China has densed milk, four and west were rom-entirely changed. Japan now desires only to encourage Sino-Japanese "trade, pletely destroyed.
and to ensure the peaceful development of an entirely free and independent China.
It is suspected that the train was derailed so that it might be footed,
A committee of commissars which ar rived the next day found only a few bags of done. The rest were mixed with sand and were useless...
AMERICAN LAWN TENNIS.
11
TILLEN'S DEFEAT.
THULADELPHIA, September 20th.
THE HAGOK, September 20th. Opening the new session of the States General, the Queen, in the Speech from the Tarone, said that the ennsequences of the world war were still strongly in evidence.
Tilden retained the American National Holland was suffering from the general confusion of economic rela Lawn Tennis Championship after meet- DISCRIMINATORY" DUTY.
tions. It was everyone's duty to working formidable foreign opponents. but most zealously and, most energetically finally defeated by the American WASHINGTON. September 20th. Developments in the formulation by the and to exercise the utmost thrift. The
for the reestablishment of prosperity, Johnston. §-1, 6-3, 6-1, United States of
a define shipping Treasury Agures were disquieting. The policy may be expected soon. It is increase in expenditure in the last few trustworthily stated that Mr. Lasker. | years had greatly exceeded the revenu“. chairman of the Shipping Board, intents despire the surprising increase in the to advien the adoption of a 'policy of disdatter. The revenue had reached its erimination by the United States guiast zenith, and all vessels engaged in indirect trade." For example, British vessels plying be tween. Great Britain and America will not be affecteil, but discriminatory
daty of 10 per cent, will be imposed on cargoes carried on British vessels' be. ¿woen America' 'and non-British' ports.
The rule will be applied to all nations, but will fall burdest upon the British, the Senndinavian and the Japanese lines.
if President Harding approves of the] policy, he will use powers conferred upon him by the Merchant Marine Act of 1920 to notify the nations at his intention to abrogate treaties which do not permit the application of this discriminatory rule.
AGE OF CONSENT. PROBLEM BEFORE LEAGUE COMMITTEE
GENEVA, September 20th.
was now decreasing. Any considerable increase in taxation, which already weighed so heavily on the people, appeared to be put of the question. It will be necessary to organise public life
on a more modest footing. Economy was, nign, necessary is the Colonies.
→
The international situation continue to demand serious attention, but Hal- land's relations with other countries were satisfactory."
EARLIER CABLES THE PRINCE OF WALES. OUTLINE OF ITINERARY.
OPINION IN BRITISH VIRCLES,
LONDON. September 20th. The Morning Post says much satisfae latest offer to Ching concerning Shantung tion is felt in British circles at Japan's though it is hoped that Japan may go a little further in the way of concessions, regarding such matters as railways The proposals are considered as a further illus. tration of Japan's willingness to ont the undertaking given to the British at the Paris Peach Conference ultimately to restore Shantung. The opinion is also authoritatively expressed that the British Government is willing to consider in the most practical and most substantial man ner any proposals securing the indepen dence and integrity of China.
JAVA EXPORT TAX AND OIL TRADE
AMSTERDAM. September 20th. Sir Henri Deterding, interviewed by Press representative, declared that the maintenance of the export tax in the Dutch East Indies must lead to a shrink age in the Combine's activities there. He hoped that the Netherlands Government would encourage rather than impede oil export-
RECORD GALVANISED SHEETS CONSIGNMENT.
LONDON, September 20th.
Reuter is assured that there is no
LONDON, September 19th.
sign" of any alteration in the Prince's tour in India. His Royal Highness re- turns to London at the end of September from Scotland, and sails on Octobervalued at £900,000 which is the largest Nian thousand tons of galvanised sheets, 26th. remaining at Malta two days been cleared at Swanses for Singapore, consignment during the past year--has Shanghai and other Chinese ports.
EL-TOUR-MIROVA-·
open the new Parliacent,
He will be in India four months të a day, arriving at Bombay on November 17th and leaving Karachi on March 3rd. 1929.
"
Kuala Lumpur, and Singapore the After spending a few days at Colombo, Prince will arrive in Japan on April 13th. Her Majesty, then referred apprecia-The port of disembarkation is not sat tively to the decision of the Lengur" of
fxrd. Nations to establish o permanent Court of International Justier at the Hague.
The Queen announced the introduction of various bills, including one for the strengthening, of the Dutch Navy in view of the necessity of the defence of the Durch East Indies.
EARLIER CABLES. ·
THE IRISH CRISIS.
The Committed of the League dealing MR. DE VALERA'S, LATEST REPLY. with the subject of traffic in women and children has accepted proposal in favour of adopting the draft of the revis ed convention with certain reservations, regarding India, Japan and Sism, whose delegates stated that it was impossible in their countries to raise the age of consent for women from 16 to 21.
BARLIER CABLES." DISARMAMENT CONFERENCE, NO PROSPECT OF PREMIER'S ATTENDANCE.
WASHINGTON, September 19th-
It is unlikely that Mr. Lloyd George will attend the disarmoment conference at Washington. He keenly desires to go, but probably urgent home affairs will prevent him.
сод
ECHO OF HOHENZOLLERN COURT DAYS.
DEATH OF CENTRAL FIGURE IN THE "CAMARILLA."
LONDON, September. 19th. Mr. de Valera has replied to Mr. Lloyd George that the cause of peace is more likely to be retarded than advanced by a continuance of the present correspond. ence. Be will readily confirm accept- unce of the invitation provided that the conference is free on both sides and
be reached without prejudice abould agreement not.
Mr. de Valera declares that he never thought at any time of asking Mr. Lloyd George to accept any conditions preced ent to a conference. We would have thought it," be says,
as unreasonable
to expect you as a preliminary to re-
cognise the Irish Republic, formally or informally, as that you should expect us to surrender our national position."
ten.
GERMAN TRADE. GERMANY AGREEABLE TO PRO- JECTED ORGANISATION.
LONDON, September 19th.
Japan three weeks, returning to Engianti His Royal Highness will remain in rid the Suez Canal, and arriving in London atent June.
1
PODOLSKY CONCERT, SPECIAL FEATURE OF PROGRAMME..
1
ECONOMIC CONDITIONS AT Ro
consequent
ne practical results. The Soviet Govern ment is so in a position to pay the salaries of ita employés who amount bo more than one third of the whole po In presenting the business report and pulation of the country, nor ran it pay accounts for the term. I would like for all the goods it has requisitioned say a few words regarding the general from the unfortunate people, by good condition of the economic world and the manufactured in the government facto Bank's business at home and abroad. ries, as these factories and mills tur
out practically, nothing. Thus willy nilly The domestic economic world during the Government must continue to pay the the first half of this year was, on the workers by the old capitaliste system whole, depressed, as the result of a cue of payment. The only practical result of tion in the scale of wages, the discharge the buying value of Soviet money. The tailment of various enterprises, & reduc- this measure was the tremendous fall in of many workers and the labour troubles throughout the world: habitant of Peterburg, now amounts to monthly expenses of a half starved in, One depression set ip, and yet during the the more decrees that are published about has elapsed since the economic more than 500,000 roubles a month, and term under review there have been no the currency the lower its purchasing world is still in a triod of transition price falls. Money is now counted by the signs of a revival. In fact, the economic in adjusting various enterprises.
pound weight and in some cases in coupled with the economic depression poods, and the Soviets aach month pub a in the value of the currency in various tion, a well-known economist a, profes coaatries, and other causes has brought
few more banded billions into circula about a depression in this country's sor of the Moscow University calculated foreign, trade A reference to statistics the amount of money put into circulation ters shows that the foreign trade during came into power. In 1917. all the money compiled in official and non-oficial quar- by the Bolsheviks from the time they the term under review was reduced to ia circulation amounted to 15 billion. the corresponding period last year. The billion roubles and in 1921 it is even Y: 1,372,000,000, against Y.2.758.000.000 for roubles, in 1020 the amount aruse to 224- capital of various enterprises was only impossible to imagine the enormous sur Y.1.177,000,000 as against Y.4,104,000,000. which is more than 1,000,000,000 roubles while ch ques handled throughout the It is now understandable why the Soviet country showed a value of Y-30.454,000,000 Press is demanding the withdrawal, af against Y.41.191,000.000. stored in various warehouses throughout Government. In France, during the Merchandise Soviet money as it finally discredite the the country declined in value by whole duration of the war, only 37 Y.730,000,000 to Y.545,000,000.
This.
This dis
million francs were issued and the bad results were immediately felt by the country; the price of living went up im- mediately and the value of the franch stability of the country. What enn be fell, anally destroying the financial quantity of paper money issued by the said of Soviet Russia? The fabulous
couraging state of affairs had its affect on the money market, which has remained sluggish during the term under review. Baakers continued to adopt a cautious gave facilities to enterprises of a sound attitude in the granting of loans, but bonds, local bonds and debentures of com character." The Rotation of national panies was unusually brisk, these showing Government is a hault of the nationa a total of 1.713.000,000. Availing them lisation of the factories and all the menas selves of the exchange rate, some parties of production. All belongs to the Gor abroad invested in Japanese bonds Idle ernment and the Government produces money continued increase and in March nothing. Now the people, especially the the Associated Banks, in the principal peasants try to produce for themselves: cities lowered the rate of interest. With every thing commencing from matches a view to encouraging the export trade, and soap and ending with buttons and measures were taken for granting iong clothes are made by the people for their arranged for the El Tour-Mirova-effect was not realised during the six 4 special feature of the programmis term loans on certain export stapics at low rate of interest, but the desired
Miss Vera Mirova, in which a Japanese Theatre Royal, is a Japanese dance by Podelsky convert. tonight. at the
months under review.
lady will play the music on a maminen. The concert is under the distinguished patronage of II.E. the Governor and Lady Stubba, and promises to be a great success.
The following is the programme:~. Toccata and (By request)...Bach-Tausig
Fugue
EKO PODOLSKY,
VERA MIROVA.
NORWEGIAN DISASTER. MIRACULOUS ESCAPE OF KING AND CROWN PRINCE.
CHRISTIANIA, September 19th. The ceremonies attending the opening of the Dovre Railway, the second roun tainous line connecting north and south Norway, were marred by a disaster.
A train conveying
or the Trondhjem back to Christiania collided, as with the delicate nir
guests from At midsight near Trondhjem, with a train from Christiania. Several carriages were oluding M. Heftye, Director of Tele- smashed, and six people were killed, in- graphs, and Col. Sejersted, head of the Norwegian Ordnance Survey, and many were injured.
The King and the Crown Prince, who were
present at the ceremonies, were turntely remained at Trondhjem for a expected to travel by the train, but for couple of days. FRANCO-BRITISH FESTIVAL. SENATOR'S SPEECH TO BRITISH
...MAYOBS.
Vulso
Aria from "Dido and Enens Aria from "Nozze di Figaro" "I've been roaming "In springtime'
Japu Desc
Dance
ANNA EL-TOUR.
Chopin,
Treaty,
ECONOMIC CONDITIONS ABROAD.
The
own `use.
Of course, the results are very
rough, bat articles are turned out. The The economic world in Europe and the of all the Government and private wealth only non-producing body is the Govern ment, how run it, therefore, raise the value of its money? The nationalisation United States, though three years have of Russia by the Soviet Government lapsed since the signing of the Armistice which has sold Russia wholenie and re- indemnity question was settled with great sail has brought about the complete
has continued depressed.. difficulty, but this has had no direct effect economical ruin of the country and the from England during in reviving tipancial circles. Exports coonomical ruin as a logical sequence has the term were brought financial bankruptcy in its valued at £418,000,000, and the importa train. at 677,000,000, the figures showing a of £219,000,000 and £461,000,000 ous term. The coal strike has
Mozart, mely as compared with the pro JAPANESE BUSINESS MEN'S
Purcel.
Horn.
Th. Marley,
Dr. Arne
cautious
MISSION.
badly paralysed finances in England, where the attitude. Following the example ser by banks continue to adopt the American Reserve Bank, the Bank of by induential business men for the des The plans that have long been discussed Enginad lowered its discount rato in patch of Japan's first mission of active April and June. The exchange rate for business men to Ameries and Great the United States, though it advanced Britain have been definitely formulated to 84 at one time, fell to $3.73 towadds and a party of about fifteen persons, in Spring Bain)} R. Yamada. the close of the term under review, this cluding Mr. Takuma Dan, Mr. Ishii of being due to unfavourable conditions the First Bank, and Mr. Yoneyama of pertaining to the payment of the war in
the Mitsui Bank, and representatives of N. Mediner." demoity by Germany.
INTERVAL (Harusame-
· VERA MIROVA.
A Fairy Tale (op. 20) [
La Fille aux Cheveux de Lin A Fairy Tale (op. 23) Arabesque Legend
O quand je ders.......... Paysage Sentimental | Mandoline! "When night descends" "She is as fair as das Hoppak
Marche
LZO PODO1 SKY..
In France the post-bellum business the leading Chambers of Commerce, is Cl. Debussy, made fairly good progress, and the settle starting early in October for a six V. Kortchmarr.ment of the food question is not consid-mantha tour of Europe, uid America.
ered difficult
The purpose of the Owing,
Mission is to A depression in commeres and industry investigate financial and economic con .......... Linzt.
there was a considerable diminution in ditions, especially the manufacture of ........GI. Debussy. | the purchase of raw material from abroad, steel and sugar, and the silk spinning and imports during the term were only industry, and to develop friendship with S.Rachmaninoff. 10.403.000,000 francs, a decline of fifty a view to the barmonious development ..... Moosorgsky. per tent, as compared with the corres ponding period of last year. Exports amounted to 10,799,000,000, showing an However, the increase of 40 per cent financial conditions in France
were still very discouraging.
ANNA KL-TOUE."
̧· VERA MIROVA.
CHINE.
Schubert.
BEORGANISATION SCHEMES.
;1, LATEST DEVELOPMENT.
Read
of the Orient.
Besides Baron Shibusawa, a party of five persons is proceeding to America shortly to return the visit to Jupan af: the Vanderlip mission.
In the United States, the price of com modities and the scale of wages fell, but agricultural and industrial enterprises generally were inactive. Gold and silver
-JAPAN'S FOREIGN TRADS. from abroad flooded the market, and the Nearly all countries were eagerly bent: reserve at the Reserve Bank increased on encouraging the export trade and from 41
41 percent in the last term to to checking imports as far as possible. Na
SITUATION IN CHINA.
raw
PARIS, September 19th. The Franco-British festival at Boulogne- sur-Mer attracted thousands of British banquet by the municipality. In a speceh. BANQUE INDUSTRIELLE DE visitors and large French crowds. Forty
Senator Jonnart, President of the France British Muyors were entertained at a
and Great Britain Association, laid atross RUSSIAN INTERESTS SAFE,
BELFAST TRAGEDY. " on the necessity of both nations maintain, GUARDED.
LONDON, September 19th.
ing close co-operation the world over in the economic and intellectual fields. Week-end rioting at Belfast, in which France was impelled by no Imperialistic LONDON, September 19th.
two girls were fatally wounded by the ambitions, but was aiming only at indus The State Department has conveyed same bullet has resulted in the curfew trial
The French cruiser d'Estrees, now in per cent." in the term under review. Duo turally, the foreign trade of this country. assurances to the Russian people that lagi-hours, in the riotous district, being fixed Havar.
and
agricultural restoration-harbour, has picked up the following to economic depression in Europe, trade suffered considerably. So long as vari timate Bussian interests will be carefully at half-past eight instand of half-post CHICAGO DYNAMITE GANG. Donsul General in Hongkong, Monsieur corresponding period last year, these and imports to Japan. during the terma safeguarded at the Washington
radio message from Bordeaux, which has was badly paralyzed. The foreign trade our countries continue to adopt such a Karenco...
been kindly supplied to us by the French amounted to
ing $1,338,000 30,000, importa represent trade
Compared with the trade cannot be hoped for. Exports from policy revival in internationa
figure abow decline of $1,709,000,000 Arrangements for the reorganisation of in exports and of $1,608,000,000 in im Y.728,000,000, resulting in a decline of amounted to Y.573,000,000 and the Banque Industrielle de Chine include a scheme of a loan to the Chinese Govern
porta.
Y.685,000,000 and Y.819,000,000 respective f ment, from which would be taken the acessery zumount to secure the repayment very gloomy, and all orders issued by pas of last year. In the export trade, In China the political situation was a compared with the corresponding of all the Bank's liabilities..
silk showed # diminution of the Feking Government were ignored Y.102,000,000, silk fabrics Y.57,000,000, The following discussions are also tak by the Military Governors
place:
of the cotton fabrics Y.68,000,000, catton yarn various Provinces, who were fighting Y.25,000,000 and hosiery Y.14,000,000 while
It appears & now the export of raw material showed Transactional Settlement Law, of 2nd policy outlined by the Foreign Banking remarkable decline. In the July, 1918, no creditor can be granted Group in China has rendered China's raw cotton diminished by Y.385,000,000, trade, import a privilege; but some of the biggest insaces more creditors, namely the Consortium while the great famine in North China, Y.59,000,000 from Y $8,000,000 and salt- pracarious than ever, woold by Y.90,000,000, oil take Group of Banks formed in January coupled with the civil war, has made the petro 7.20,000,000, last, and the present Banking Group situation-still worse, The diminution woollen cloth increased by Y-21,000,000 machinery and preparing the reorganisation scheme, are willing to accord & privileged posi- ciation in the value of silver have
the volume of exports and the depre and Y.1,000,000
Foreign exchanipation in proportion respectively.
dealt with by the (for bills, drafts, current accounts, de-
In the latter part of the term Foreign exchange anld by Japan amount posits, etc.) in order to resume business. under review there was a speculative ed to Y145,000,000, and that purchased
(IL)-The above
arrangements romanis at ties gesulting in the demand responding period of last year, there was Honkow and other to Y.21,000.000. Compared with the cor quire, of course, a.very precise valua Chinese cities, tion of all the liabilities, and their dis- for money. orimination, with a view to a settle hanks at Shanghai and in other cities sold, but a diminuten of Y.481,000,000 Consequently the foreign an increase of Y.78,000,000 in exchange meat. All these questions are now in had a very busy time granting loans to in exchange purchaled. Exchange bought course of realisation.
The scheme will have to ba the Chinese, and thus the exchange rate by Japan from foreign countries amount- A noteworthy facted to Y.143,000,000, and that purchased gradually. approved by the Chinese Government is that transactions in the bofors the loan can be issued. The products in
to Y.380,000.000, being a decreasë of Harbin were unusually Y.105,000,000 and Y.814,000,000 na com- with the Chinese authori-brisk, due to improvement in the Chinese Begotiations
are being favourably pursued, but Eastern Railway and the lowering of the last year." the
corresponding period of Notwithstanding the general depres
LEADER SHOT, OTHERS SURRENDER.
CHICAGO, September 10th. : After six months efforts to trace the perpetrators of numerous outrages, the It is authoritatively stated, and there Police are now on the track of a dangerous ins -According to the terms of the against each other. BERLIN, September 19th. The death is announced of the septu Gorman Government intends loyally to encounter to-day, when forty detectives seems every reason to believe, that the gang of dynamiters na the result of an agenarian Prince Philip Eulenburg, the accept the decision of the Supreme of the
waylaid the central figure in the pre-war scandal in- Council to establish the inter-Allied
gang, 24 the leader volving the ex-Kaiser's court camarilla
was.. about gang
to hurl organisation with the view to prevent ordered
a bomb, at & shop. When be was EGYPTIAN COTTON CROP.
ing unfair discrimination
to surrender he flung the import and export liceuces, thus meeting mediately fell riddled with bullets. The regarding bomb, wrecking the shop-front, but im- EXCITED BUYING ON THE BOURSE. the Allies demands. It is at present others surrendered. A subsequent search undecided whether the organisation int the dynamiters headquarters resulted ALEXANDRIA, September 19th..
merely to watch the issue of licences and in the discovery of fourteen hundred The cotton crop is anofficially estimated to report any unfair discrimination sticks of high explosive. at three and a half million kantara.wards the Allies, or shall be fully em Where has been excited buying on the
Bourse.
MR. CHARLES CHAPLIN.
ARRIVAL IN PARIS.
PARIS, September 19th. Mr. "Charlie" Chaplin has arrived. Little attention was shown to him, only a Low persona awaiting him. GERMAN-AMERICAN TREATY.
BERLIN, September 19th The Council of Empire has ratified the
·German-American treaty of peace
Πάνας,
powered to vate licences. British circles INDIAN AGITATORS' ARREST. favour the former course. It is hoped that the question will shortly, he settled and the economic sanctions removed.
MR. BHAUKAT ALI ENJOINS ORDERLINES8. QUEENSLAND COLLIERY.
די
EXPLOSION.
HEARED HEAVY LOSS OF LIFE.
BRISBANE, September 19th
T
A week-end accumulation of gas is be lieved to be responsible for an explosion at the Mount Mulligan, Colliery, North Queensland, by which evorty eight miners were entombed, and it is feared that they I have perished.
Bosnay, September 19th.
The news" of the arrests of prominent ngitator at Bombay and Simla was received quietly except for alight distur bances at Bombay, which were confined to smashing of tram-car windowa
Mr. Shaukat Ali, who was arrested in the central office of the Khilafat Com mittes, has been seat to Karachi for trial,
tion to the purely banking creditors about a depression in economic Bank shower
BOXMA
advanced
that a definite agreement ean- freight fate to and from Vladivostock not be reached before the end of October Engineer at the Fachin branch of the sion-at-home and abrunt the Bank 15 constituted in Faris to secure the issue of showed an increase of 80 per cent as this being due to the efforts of the Bank A Beaks Byndicate has been already Yokohama Specia Bank during the term able to report fair profits for the term, thus loan, and another syndicate is in compared with the corresponding period Staff. With the permission of the Con- agency at Nagoya on July 22nd-Japan Goutlee
He has sont a mango to Mohammedans, coures of formation to secure the issue of last year. Exports from Vladivostock tral Government the Bank opened an urging them to refrain from disturbance of the now proference shares of the also showed an increas
or strikes on account of his arrest,
Banque Industrielle de China
↑ (Continued at foot of next column)