Page

CABLES..

LATEST CABLES.

[TERDVOR PEUTER'S AGENUT.]

THE FRANCO-KEMALIST AGREEMENT.

GREAT BRITAIN'S OBJECTIONS,

LONDON, November 6th.

THE HONGKONG DAILY PRESS, TUESDAY, NOVEMHER 8TH, 1991,

LATEST CABLES.

THE HUNGARIAN THRONE, BILL DEPOSING KARL READ "A FIRST TIME.

PARIS, November 7th, The Hungarian Assembly has finally passed the Bill excluding Charles from the Throne and abolishing the so-called pragmatic action about succession of Diplomstão circles are concerned over nights. The Bill restored to the nation he Anglo-French negotiations on the the right to elect a King. The election is subject of the recent Franco-Kemalist postponed until the circumstances 'aro Agreement, which the British Govern- more favourable. Havas.

ment considers contrary to French sasur

auces, because it conflicte with the Treaty of Sevres, renders nugatory the` prin- cipla of the protection of Christian minorities in Asia Minor, and transfer

to Turkey territory which does not be marrow.—Haras,

long to France but is beld on a mandatory

Fears are also expressed that France's independent action will impair British authority in the approaching settlement

of the Greeco-Turkish conflict.

WASHINGTON CONFERENCE. ARRİVİL OF FRENCH AND BRITISH DELEGATES.

Naw Yokk, Noyember 7th. The liner Lafayette has arrived. The enayor's" welcome committee" boarded he ship and greeted the French dele gation to the Washington Conference who proceding direct to Washington after,

short. reat at the hotel.

EARLIER CABLES. |

WASHINGTON, November 6th. Lord Leo (First Lord of the Ad-. anirnity), Sir Robert Borden (the Canadian delegate), and Mr. Sastri (the Indian delegate) have arrived. They were met at the station by Sir Auckland Geddes and escorted to their hotel by

quadron of cavalry.

VICTORIA (B.C.), November 8th.« Mr. Pearce, the Australian delegate, and Sir John Salmond, the New Zealand delegate; to the Washington Conference, have arrived.

BARLIER CABLES.

PARIS, November 5th.

MADEIRA AVAILABLE AS PLACE

OF INTERNMENT.

LIBBON, November 6th.

tante Vote of inquiry, intimating its The Government has replied to the willingness to allow the internment of Madeirad Zita, with their children, at

W

ZACCO AND VANZETTI. ".

JUDGE DENOUNCES AGITATION.

DEDHAM (MARS), November 8th. Judge Thayer denounced from the Bench the attempts to influence the Court in favour of a new trial of Zacco and Vanzetti by means of a food of letters from all parts of the country, many couched in almost identical terms.

The same precautions against violence were taken as during last week. A great force of police surrounded the court- hous

appearance before Selkirk.

through to Glasgow, and though they did team warga to reagirly well at the start against Hillhead HS., they improved as the game went on, and before the end the maching was working with something like its last year's smoothness...

Watsonians tooks a scratch

Glasgow Academicals, 10; Gala, 8. Glasgow High School F.P., 8; Jed

Forest, &

Selkirk, 31; Hillhead, H.S., F.P.4 3. Heriotonians, 7; Hawick, 5.

tion, F.P., 9.

Watsonians, 17; Hillhead, 0. Melrose, 6: Glasgow Academicals, 10.. Hawick, 10; Glasgow High School, 3. assoolATION LEIQUE,

AMERICA'S GOLD STOCKS.

AN OUTFLOW INSTEAD OF "AN INFLOW WANTED.

alf others.".

which may be absorbed by India.

The question as to when the return flow will set in is partly concealed in the intricacies and uncertainties of the relative trade. balacco relationships of

These enormous

MR. WILSON'S CRITICS, EX-AGENT'S "REVELATIONS"

Although the season is still young, the the several nations. It depends in part Every victorious country of those I have they were actually agreed to by Mr.

Wilson."

Ho

"Wilson is a most re-

SCOTTISH SPORT,

WORLD DEPRESSION. RUGBY RAID ON THE BORDERS

NATIONS AS DEBT COLLECTORS. RANGERS AND THE LEAQUE.

Speaking at Dundee, on September

New York, September 28th. The best interests of the United Statos suth, Mr. Churchill said: The commeros Apart from the puthlication of the (FROM OUR OWN CORRESPONDENT.] demand that the inflow of gold from of the world is most woefully shrunkna personal letters of the former Ambas Europe which has occurred since the be and restricted. The apparatus of ex-sador, Mr. W. H. Page, describing the EDINBURGH, September 8th. ginning of the Great War shall be rechange between one country and another life of an American Ambassador at the The Glasgow Rugby clubs are always Tersed at as early a date as possible, in în distorted and to a large extent Court of St. James's and his personal earlier in the field than their Edinburgh the opinion of Dr. H. A. T. Chandler, paralysed. Credit and enterprise are impressions of many great people, there opening of the season by a raid on the of the bank's magazite, Commerce and indemnities even more gigantic, hava Revelations of President Wilson," by rivals, and this year they signalised the monomist of the National Bank of Com hampered. Monstrous debts of hundreds has been nothing printed in the United merce in New York, in the October issue and even thousands of millions of pounds, States of late quite so interesting na the Borders.. Glasgow High School F Honthly. America's proportion of the boon scored up by one grout country Mr. William McComba, former chairman met Jed Forest, who are greatly waskan abnormal to cause apprehension, bo do demnities far exceed the means and the and air. Wilson's former election mada- faced two stiff propositions. First they world's monetary stocks is now sufficiently against another. These debts and in-of the Democratio National Committen ed since last year, and managed to clares, and her gold policy should be methods of payment. effect,

draw. Early in the pro constructed with a view to facilitating debts and indemnities can only be dis Combs and bis friends secured Mr. ger. It is not disputed that Mr. Mo- ocedings Arthur Browning scored

A movement in the opposite direction, charged by carrying goods from one coun-Wilson's election, but the day-after the twice for the School "but they

A review of the available data in try to another that is to say, after the frittered away this commanding load by regard to the future needs of Europe gold and securities have been handed over. event Mr. Wilson told Mr. Combs, I indifferent play. In their second engage clearly leaves the impression that her The vehicles of international trade the ove you nothing. God ordained that, I ment, the Schoolmen, as was generally approach to normal conditions may re-ships, the railways, the road cars, the should be the next President, and no expected, could not hold the eeries quire monetary supplies considerably in canal barges which ply between one coun- mortal could have, prevented that," Lack The Hungarian National Assembly has of Hawick, who seem a capital lot this excess of her present combined holdings, try and another could only carry a small of gratitude to his friends, the author only passed the first reading of the Bill Cossos core really good the must call upon the outside world and from one country to another, aven if they Moreover, he was "colossally vain and season. Glasgow Academicals were ableDr. Chandler says," For this excess proportion every year of what is owing describes as Mr. Wilson's besetting sin final decision was postponed until to struggle. But Hillhead mede a wretched especially upon those fow countries that were running without cessation. And the obstinate, remorseless as victor, weak in excluding Karlos from the throne. The

now hold disproportionate share countries themselves who are to receive defeat, and he only won because the Ba The best game of the week was in Edin-Among the holdings of these countries the payment can only receive a limited publican and Progressive parties were burgh, Hawick visiting the Heriotonians those of the United States overshadow quantity of foreign goods dumped as the sick." Heriots are not equal to last year, but in the light of these facts,

result of a war debt or a war indemnity The chairman of the Democratic party. **renewed with a little shaking up they should interest attaches to the duration of the ing their own industrial system and tak Wilson's visit to Europe, "whereby it in any one year without gravely affect has a scathing comment upon Mr. make a good appearance.

present influx of gold and to the time ing the bread out of the mouths of their

was arranged he should sleep in the when the return flow to Europe will set own working people.. sgnificance because of the possible effect it were not pathetic-the great nations of people was tolera

These questions are of "particular What a curious spectacle-if, indeed, places of Kings, where his exceeding In Italy the that the gold movement may, in the mean the world present at this moment! The people were told that Mr. Wilson was The Italians wildly time, have upor conditions in the United great gifted nations in the civilized world their saviour. States and upon world trude."

America, England, France, Italy all acclaimed him they threw flowers upon Concerning the duration of the present hoping to get enormous sums of money him: Mr. Wilson threw kisasa How indux, rocont personal conferences with out of each other or out of Germany. In ever, the parade was soon over, and... an important number of European au thorities disclosed their almost unanimous become a principal industry and takes the asserted would go into the League of fact you may say that debt collecting has Mr. Wilson's Fourteen Points, which he agreement that for some, considerable first place in the minds of many politi Nations, disappeared." period the United States must continue cians and Parliaments and even peoples. Mr. McCombs denounces Mr. Wilson Royal High School, F.P., 14; Instit. to receive practically all of the world'e | And if all debts and indemnities between for assuring foreign potentates that the gold production with the exception of nation and nation were paid, goods would American people were with him." As that which goes into the arts and that be dumped upon every creditor country to the Versailles Conferenca, Mr. Mo in quantities and at prices which would Combs corroborates the statement made be fatal to the whole harmonious organira bore, even by persona chiady concerned,' tion of its industry.

And this brings me to the second phase State, was not apprised of many of the that Mr. Lansing, the Secretary of in this strange vision of the grant nations. vital parts of the propose Covenant untal upon the world trade revival and the mentioned is entitled to receive gigantic favourable trade balances. It is interest is owing to them. Not one of them would-The author declares that it was Pre- ability of Eurpean nations to establish importatons of goods in payment of what ing to note, however, that European receive those goods if they were to come.sident Wilson who proposed to give economists and financiers do not attempt On the one hand they seek the payments. Shantung to Japan, thereby setting up to conceal their pleasure at seeing the On the other hand they erect and acces for Japan the most powerful enemy gold flow to the United States They sarily orect-tariffe and every kind of against the United States in any future reason that no people could resist the special legislation to prevent their indus war. temptation of inflation in the face of tries from being completely dislocated by words of Colonel Henry Watterson, the Ee quotes with approval the render American goode relatively high in The result of alt this is that the machin southern States, charging Mr. Wilson ruch a few that such an inflation will such enormous uneconomio importations. most respected of all editors in the cost and therefore further reduce our ery of world exchange is seriously impeded with wrecking the Democratie party, and tively lower in price and therefore in power of the debtor nation has been com country for some, national sin." hand Europe's goods will become rela standstill that is to say, the parchasing adventurer and a punishment for the merchandise exports; that on the other and in some cases brought to an absolute calling him a dangerous intellectual creased exportation from Europe. will pletely extinguished; it cannot bay; it result.

can work it can want, but it cannot buy. goes on to say: "Indeed Americans who have given The creditor nations find a great difficulty morseless and most tyrannical man when careful thought to the present gold in owing to the oxchange in exporting to the de gets a smell of power, but the first to flux with reference to infistion and the debtor nations, because these latter

run to cover when there is a chance" of possible disturbing effecs upon industry already owe them more than they can pay.

defeat."

Altogether there has never been sich a ore apprehensive as to the results. If it The debtor nations are under obligations is true, as careful investigation appears to make enormous exportations far be- fierce denunciation of a man who still to indicate, that there is a tendency for yond their annual capacity to creditor lives in Washington in the shadow of an increasing percentage of the total com- nations. but these will not receive them White House, and none which has creat mercial bank loans in the United States for Year of having their own industries ed a greater sensation because of the to take the form of fixed capital invest deranged. The result of the tendencies to personal relationship between the author credit upon the basis of the new gold railment in the whole volume of inter-in ox-President Wilson's class at Prince- monta any considerable extension of which I have referred is an immense car and his victim, since Mr. McCombs was would present problem of very great national trade, injurious to every coun- ton University until the time of his importance.

try but injurious in dfferent degrees and election as President, Mr. McCombs The question of Europe's need for in unexpected directions... part of our present supplies of gold does

turns to his student's notebooks of lec- not necessarily wait upon her ultimate ro-

tures by Professor Wilson at Princeton covery or the complee adoption of the

The results produced are the opposita to prove that in practice as President gold standard. As fast as one country to what most people hope or desire. I he confused and set at naught all the after another approaches the condition

am going to take the two greatest States Points he had most pressed in theory as when stabilization of currencies can be United States, the greatest creditor. In President, the Supreme Court, and Con- -Germany, the greatest debtor; the regards the co-ordinate power of the considered, an increased need for gold Germany you see intense manufacturing gress-Daily Telegraphy may occur.,

While it is true that the return flow Activityfull time and overtime in nearly of the gold is not imminent and that every industry without interruption (a 2 considerable period may ispao before. And we are walking idlo " RAILWAY DEVELOPMENT IN underpaid, underfed, and overworked Labour (laughter and cheers), kept to its mendous bounty through the exchanges WHY ITS RETARDATION IS “ NOT task by world-wide authority: a. tre-

on the exports of Germany into every

GREATLY REGRETTED." try, leading to large exportations, end ng again to the conquest or re- occu aion by Germany of simost eevrytember 27th to Mr. Sachen Loo, & 8GD The Canadian Pacific was host on Sep- market which she enters and which she of the former general director of Chinese is bound in enter. fh much for Germany. Railways and one of the party who had In the United States, the greatest credi- visited all the big railways of America" for, it's quite different. There are moun- and Great Britain during the past eight tains of gold in her vaulte-many of those months. THE KOREAN BUDGET.

bright sovereigns we used to see in by Star that the Canadian Pacific Railway, Mr. Sachen Loo informed the dys all safely packed 130,000,000 ABOVE PRESENT YEAR. (laugh'er); piles of securities of all kinda.

Away by reason of its steamship facilities on gathered from Europe; ledgers showing of any of the big world transportation two oceans was by far the most complete The Bureau of Colonies of the Depart the word bir debtor But there is a companies barn

passengers and. ment of Home Affair at Tokyo is examin-reat restriction of her export, trade; & fre ght, ing the audget estimates of the Korean total failure of her mercantile marine;

Tuming to China, to which he returned. Government for the next fiscal year, which three times as many unemployed as there on the Canadian Pacific Empress of Asio, were recently submitted by Mr. Kochi-so in this poor old Britain of ours Mr. Loo said that conditions, although yama, director of the bureau of financial d'c'ed in the immediate future. Are they the north were paying their way." We (chers); and a rise in cost of living pro unsettled. showed that the railways in pared with the budget for the present not show the ab'o'ate need at the earliest engine and railway coach, but the Ame affairs, now on a visit to Tokyo. Com et extraordinary contrasts; and do they still have the European type of small year, the figures are an increase of about date for the state men of all countries rican or Canadian type of engine i Y20,000,000. This is due mainly to the to print their minds anew to these pro- gradually coming into use. Dow undertakings which the Government blems of international trade. in order railways wera, built by England and so Our Brit has decided upon,

The "Korean Government proposes to ay once again flow freely about the sur.

that the streams of supply and demand turully we followed her designs.' establish at least one middle school in face of the globe 1 (Cheers.) each of the provitices. This arrangement ia necessitated by the rapid development of education among the Koreans and by appointed as Chief of the Hydrographic ME AND MATTERS IN RUGBY,

No doubt we cannot altogether except by China during the past seven years. Bureau. It is also the intention of this

the marked improvement in their cultural curralves from the scope of these general "It was only lack of railway transporta Bureau to secure the service of several ian, who played for Scotland in the where no Government middle school is all the victrinum Powers. Great Britain from overrunning China.

Dr. J. B. McDougall, the old Greenock-life. At present there are some provinces criticisms of present-day Snance. Rut of tion," he stated, "that prevented Japan cartographers from abroad.

This important work of resurveying the turned out for Wakefield. He is one of

International last season, bas again provided.

way we look at it just now. has certainly been the most enlightened The improvement of the drainage in the financial policy which she has pur. what the Germans did with Belgian rail- A crisis has arisen in the gold-mining serious attention of the Ministry of Navy

porary, chat, saya ou Peking contem. the oldest players at Rugby, hat is still system and others is also planned. The red sin e th war. We have endeavour ways and how they were used to over-

should have been received the one of the most alert.

authorities have been seeking improve ed to go as far as possible in securing run northern France." industry. The miners threaten to strike earlier; because, in the event of any war, the Watsonians, is one of the most po land. and for irrigation, and they pro of France and Great Britain is so much question in a tentative and general man against the Government's proposals to in which China-is not a participant, her pular players in the country.

D. M. Bertram, appointed captain of ment of facilities for the clearing waste for Germany the charge to rebuild, her cwa rrosperity, with which the prosperity cflect economy in the working of observance of neutrality demands on her

He has pose to perfect these facilities on a larger bound up. the mines by altering the regalanoa-bolt being properly survoyed and de taken over the post at a time when the scale. than before in, view of, the rapid ad blot ent all the debts which are owing | beneft of the world it all internacional We have offered to forgiveuer. It would, in my opinion, be for the labourers underground work...a fined, and in time of peace...for... the team has shed a lot of their great play, increase of the population of the penin- to us by Europian rations, provided that cbbgitións arising out of the war were

Alr. Pearce, in an interview; declared bas the prospect of permanent peace was welcome to no country more than to Australis.

FRENCH PREMIER ON MILITARY

ESTABLISHMENTS.

League competition has already drifted GERMAN-REPARATIONS into certain clearly defined channels. At the moment Rangers threaten to walk off COMMISSION TO VISIT BERLIN. with the rag-the League flag. Celtic's fall at Edinburgh has left Rangers with PARIS, November 6th. a lead over them of 4 points. Albion The Reparations Commission has de-

Rover's are the runners-up, then come cided to go to Berlin to ascertain what Clyde and Celtic, and Partick Thistle are was done and what remains to be done tinue to do well, but they are scarcely just behind. Bevers and Clyde may con regarding the application of measures proposed by the Committee on Guaran-potential challengers to Rangers. Celtic intends to adopt to acquire the funds be matter of regret if the Champions tees, and the means which the Reich lizes of their team as formerly. It will are not nearly so sure in the defence

necessary for the execution of the instal ment due on January 15th, 1999-Haves.

are early permitted to establish a too commanding lead. If some team came along ARMISTICE DAY IN U.S.A.

and put them on the lesing side for a change, interest in the competition would PRESIDENT'S PROCLAMATION.

ba quickened. Allowed, to continue on their winning way, they will simply put the Championship in their pocket, and ea canny when the Scottish Cup comes along.

The latest League games are no provement on the play of the season; there is too much striving for the score and too little class football. Hangers, the Champions, are perhaps the greatest sinners in this respect. In the week-end they again won by 1-0,their standard figure Aberdeen, however, at be credited with a brave fight. Clyde also PHILADELPHIA, November 8th. got through by the only goal of the Admiral Beatty, at a civic reception at game. Hearts failed to do more than the City Hall, was loudly cheered by an draw with Thistle, but it is satisfactory enormous crowd. In his speech he said to know that they are in better form that he regarded the demonstration as The success of St Mirren against another indication of Anglo-American Hamilton Academicals was unexpected, goodwill. 4.

and Airdrio furnished another surprise by defeating Ayr. Queen's Park were beaten FINNISH STEAMER CAPSIZED. at Dundee, and (with Hearts) still await 4-full-figuro result The Amateurs, how ever, are exhibiting better form, and their display deserved better luck.

WASHINGTON, November 6th. President Harding has proclaimed Armistice Day a legal holiday "as a NEW YORK, November 6th.mark of respect to those who gave their

lives in the war." A wirales message from the steamer

He asks that bella be Lafayette says that M. Briand in an in-talled and silent prayers for the country tervisw referring to the suggestion that offered at noon on the 11th inst. land ármaments should be included in the agenda of the Washington Conference, emphasised that, in order to arrive at a solation of that question, the political problems of Europe which would decide The strength of military establishments must also be examined attentively.

LATEST CABLES. -

FRANCE'S OBJECTS.

1KPARATIONS AND SAFEGUARD-

ING OF SECURITY.

ADMIRAL BEATTY FETED

AGAIN.

HAUGESUND, November 8th. The Finnish steamer Kustavi capsized in a storm Thirty were drowned."

SURVEY OF CHINA COAST PROPOSED.

PARIS, November 7th. Speaking at. Montpellier M. Millerand stated that France has two main objects in wiew, namely, the reparations which she Sa entitled to from Germany and the safe- garding of her own security, which is of vital importance not only to hersel bat to the whole world. After securing TWO the double object France was willing to maintain good neighbourly relations with

ery nation, but Germany must begin.—. Нагда

OBITUARY,

Loupon, November 7th- The death is announced of Sir Lionel COL

M. MILLERAND'S REGRETS. HELEGRAM TO EMPEROR OF JAPAN.

*** PARIS, November 7th Millerand has wired the Japanese Emperor expressing his heartfelt regreta at Mr. Hara's amassination.-ava

“EARLIER,CABLES,

SOUTH AFRICA'S GOLD MINING INDUSTRY.

CRISIS OVER NEW LABOUR REGULATIONS.

JOHNNESBURG, November 6th.

A

WARSHIPS SELECTED FOR THIS IMPORTANT WORK. We learn from the Peking Daily News that the Hydrographie Bureau acting under the instruction of the Ministry of Navy, has formulated a definite plan for resursoring the coast of Chit The the yacht Lienking and the cruiser Ministry has designated two warships, Tungchi, for this important work, with the instruction that the work should be na scientifically correct as possible. The first named vessel to undertake the surveying of territorial waters within the definition and delimitation laid down by. the Chinese Government Law, while the latter will undertake work of a similar nature on the high seas, adjacent to the territorial waters.

Bear-Admiral W. T.. Choa, who receiv ed his training in the British-Navy, and is an expert on such matters, has been

4.

im-

Europe can effectively demand any in- portant part of our gold, it is much to the interest of the United States to have In the autumn holiday games the meet Eurore can utilize them.

these gold reserves returned as soon as With these ing of Rangers and Clyde was notable, fasts in mind our gold policy should be being the only unbeaten clubs ao formulated that as fast as needed the astiff fight for half the time, gold may be returned without causing but Rangers rose to the occasion in embarra ament either to Europe or to the the second half and walked off with 3 United States." odd goal from Morton, a fair relax of goals. Celtio just managed to get the the play.

was

Clydebank, 1; Aberdeen, 1. Motherwell, 2; Dundee, 1. Kilmarnock, 1; St, Mirren, 10, Rangers, 1 Aberdeen, 0. Clyde, 1; Marton, U. Partick Thistle, 1; Hearts, 1. Dumbarton, 0; Celtic, 5. Dundee, 3; Queen's Park, 1. Raith Rovera, 4; Kilmarnock, a Albion Borera, 0; Motherwell, 0. Hamilton Academicnis, 2; St Mirren,

3.

Ayr, 1; Airdrie, 2.4 Hibs, 1; Falkirk, 1 Third Lanark, 4; Olyde, 1. Rangers, 3 Clyde, 0. Callio, 1; Morton, 0... Thistle, 3: Third Lanark, '1. Aberdeen, 9; Queen's)

Park

'},

копо

GERMANY AND AMERICA.

“A TINANOȚAL CONFERENCE!

CHINA.

for

Although there are only six thousand miles of railway line-in-China, Mr-Loo stated that this was not greatly regretted

That is the

We know

tions so 15 to ensure that native

sula. shift of eight hours, instead of five efficient working of the Onatoms author-ra, but it will be no fault of his if Among the new enterprises con Tourelies relieved from the smaller reconsid red, were reduced to practical

ours as at present.

The diners de itics in collecting revenues and stopping success does not attend the Myreside Bag. communication by the building failway debts we contracted on behalf of our dimensions and placed in a category by earn that the proposals mean abolition illicit trade, and for the strict enforces is one of the most stalwart forwards between Hoijro and Genzan. The authori At the same time we are paying our own

David Cockburn will captain Gala by building of a line Alier with the United States of America themselves. But whether this be possible of the co'oir bar & decrease in the num-

ment of her fishery rights, sanitary meas bor of whites employed, and an increase ures, etc., it is also imperative tast this on the Border, and was in last year's ties also propose to extend the harbour of way, and we are maintaining our finances medium of international ozchange, which or not. what is immediatoly needūd ja, m- In the accidents death-rate.

belt be defined.

National trials.

Gonzan,

in a solvent condition in spite of many would. be unbiased by war obligations, ''Address'az'a deputation of workers of It is reported that Admiral Li Ting- The London Scottish have not been too Korean budget, the authorities are asking cerned, we lie in the middle position inari y, and during the period of recovery, On the revenue side of the proposed dicuties. So that as far as we are connad would secure, at any rate, tempor the Union, General Smuts declared that sin, who is responsible for the catab-fortunato of recent years in obtaining the for a subsidy amounting to Y20,000,000 this matter. You will ask me. What is sales of goods between nations on the new terulation would not affect white lishment of this Bureau. submitted this assistance of players who have already an increase of Y6,000,000 over the Bgure the "mely? The Ashour detrimentally. He said that the plan to the Cabinet soon after his as made good in the North. But they will paid-out-from-the national treasury for he hands of any one country and in portaat, as is the conference which i remedy does not lie in naturalinin basis, beern) Im gold industry depended upon the gold sumption of office as Minister of Navy, have nothing to complain of this season, the present year. In the event of the his matter here are other countries who shorty to re held at Washington on dis premium. If the premium disappearon and pointed out to the other Cabinet They will be strengthened by a great home authorities refusing to meet the are more powerful than we are.

out of 30 mins now working world Ministers the importance of the project catoria of Scote, Brown of Herint's requirements of the Korean Government, are other countries in a more advantage-ment of normal exchanges would be found There armament, a conference on the establish have to close down immediately; hence in view. It is also reported that the pro- Macpherson of Stewart's, Bloan of Bdia- it is believed that the latter will be comous situation in this matter, I am sorry more valuable and is even more urgent. the industry hould be run independently ject received the unanimous support of burgh Academicals, and Langlands of pelled to raise the balance by floating a to say, than we are--I only refer to this Perhaps we may hope that one y

domestie loan-Japan Advertiser.

(Continued at foot of next column.) develop out of the other...

of the premium.

the-Cabinet

Watson's,

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