CABLES.
LATEST CABLES. [TREOUGH REUTER'A 108NOT.)
THE POLITICAL CRISIS.
MR. LLOYD GEORGE ISSUES, AN
ULTIMATUM.
LONDON, March 3rd.
<
THE KONGKO G DAILY. PRESS, SATURDAY, MARCH 418, 1922
LATEST CABLES,
BANQUE INDUSTRIELLE. SENATE AND THE RESTORATION
BILL
Bill.
present. The Financial Committee
-
́ ́LATEST CABLES."
THE PRINCE IN KASHMIR.
A LAMA DANCE BY TORCHLIGHT.
SATWARI, March 2ad.
U.S, TRADE SITUATION. MORE HOPEFUL OUTLOOK OFFSET BY LABOUR DIFFICULTIES.
textile, industrica.
ני
COMPANY MEETINGS, HONGKONG ROPE MANUFACTUR- ING CO., LTD.
CHINESE LOAN TO REDEEM SHORT-TERM LOANS.
*
Name
-Amounts Outstanding.
on
$1,200,000
A Presidential mandate. dated Febru The Prince of Wales arrived at Satwari. The thirty-eighth ordinary meeting of ar 11th announced the issue of bonds, Paris, March 2nd.
Naw Youx, March end. this morning on a abort visit to the Maha-shareholders in the Hongkong Rops Manu demption of various detaestio and foreign to the amount of $96,000,000 for the re The Senate commenced the discussion Reviewing the trade situation the raja of Jammu and Kashmir. The original ficturing Co., Latch was held at the office short term loans. The following are the of the Banque Industrielle Restoration Fedorn Reserve Board finds the March intention to visit the former city was of Messrs. Shewan, Tomes & Co., pester- foreign loans concerned:
The Prime Ministar and the outlook more hopeful though it is offset abandoned, in consequotes of a small out day morning, Mr. R. G. Shewan presided
and there were present Messi HP Vickers. (China), Limited There are no freah developments of the Ministers of Finance and Justice were by labour and other difficulties in the break of plague. The Royal camp was White and P. A. Cox, (Consulting Com (on year's intercat
Steel mills show in pitched seven miles away, under the mitteo), Messrs. H. Taylor, F. Ellis. political orisis, "But it transpires that Mr. Lloyd George has requested the Unionist Porter insisted that the guilty parties, if creased activity. Buying in both whole shadow of the grand know-capped Pir Pon I Che, A. A. Cordeiro, W. J. Hawker
M. S. Northcote W. Adamson, J. Toppin, Hongkong and Shanghai
traasury bik) aby, should promptly be brought to jussa'e anxi retail trades showed a failing-off Panjal range.
Banking Corp. (Kiang (shareholders), and F. J. Tavaree (Seero- in February. There is little change in
nan Dock Yards' treasury tars).
bills) the employment situation. The silk arrival by Sir Pratap Singh, members of 1921 now before you, which have been in
The CHAIRMAN said: The accounts for Banque des Paya Baz, Faris market is unsatisfactory owing to his family, and offers of State.
your hands for some time past, ahew "ö speculative rise in the price of the raw customary formal visits were paid and re- Rope, the demand for which was very The light improvement as regards sales of material in the Japanese markets.
turned in ful! Dunbar splendour in the little better perhaps, but this was offset much the same as in the previous year, a great Shamians, hung around within by the increased competition of lower grades in the market. As for the coming year exchange seems to be falling and that is a good factor in our favour.
bo reply by March 8th when, failing a
tise. He expressed the fear that when so atisfactory response, he will tender his many millions hul boen squandered someo resignation.
money might have resined in certain The Minister of Justice under
EARLIER CABLES.
N
THE TENSION. RECOMES ACCENTUATED:
hands. took to accelerate inquiry.
PARIS. March 3rd. The Foreign Affairs Committed of the LONDON, March 2nd. "The political tension was accentated Chamber has appointed a sub-committee fo-day. Mr. Chamberlain and Mr. Bol of five to examine and report on the Your privately conferred with Sir George dossier relating to the Banque Industrialle. Younger and Mr. Malcolm Fraser, the This is regarded as a success for the advo heads of the Unionist organisation, recate's enquiry, Iativo to Mr. Lloyd George's communi- Eation which forminlly enlled on Me Chamberlain to take action to check Unionist indiscipline.
Bir George Younger explained that his attitude towards the Coalition was not personal but that it represented the feel- ing of local Unionist Associations, which insisted on selecting Independent Union ist candidates,
#t
U.S. POSTMASTER-GENERAL
WASHINGTON, March 2nd. Mr. Work succeeds Mr. Ray, as Post- master-General.
SMYRNA A SECOND FIUME.
Losos, March, 3rd. It is reported from Smyrna thać, a pro-d
SENATE AND FOUR-POWER ject is gathering strength to make Smyrna" a accond fame with General
TREATY.
CONCEIVED IN SECRECY AND OF Papoulas as a D'Annunzio.
UNKNOWN - ORIGIN.
WASHINGTON. March 9th.
In the Senate Senator Hitchook opened the debate on the Four-Power Tranty, declining to support the mensure unless it was amended. He declared that it was Twenty Coalition Liberal Ministers, in-.] conceived in werecy and the origin of cluding Mr. Churchill, attended the the text had not been disclosed. "We Premier'a Savoy dinner last night, which know from newspaper reports that Mr. syns arranged twenty-four hours' Balfour brought over a copy, but we do notio.
not know whether his draft was accepted → Mr. Lloyd George presided at a meeting or whether. Japan presented another." of the Cabinet in the afternoon.
Regarding allegations of Japanese aggrew A meeting of Unjonist Peers and Con-alon in Siberia Senator Hitchcock de momers to-day unanimously passed a remanded that the United States should aolution omphasizing the urgency of the re-be guarded against involvement i assertion of Conservative and Unionist hostilities brought on by such aggressions. principles in order to restore confidence We are sacrificing too much to enable in the country and with a view to the Britain to get rid of the Anglo-Japanese approaching. General Election.
Alliance which never greatly menaced
LATEST: VABERS.
EGYPTIAN MINISTRY. “REALISES OUR 'DEAREST
WISHES,"
CATEO, Marah gnd.. In charging Barwat Pasha to form a Ministry the Sultan said:"Britain's termination of the Protectorate realises
our dearest wishes and is the result of a national effort which we have always en couraged and supported."
*
profoundly changed the situation.
THE IRISH Bill. DUEL BETWEEN GOVERNMENT
AND
i
DIEHARDS.".
LONDON, March 2nd.".
DUTCH" LOAN.
AMSTERDAM, March 3rd. The Government six per cent lona öf, soventy-five million guilders is being issued on March 8th at ninety-six.
EARLIER CABLES.
SEARCH FOR INSURANCE CO. DIRECTOR.
NAPLES, March 2nd. The report of the arrest of Bevan, ex- Chairman of the City Equitable Insur- ance Co., ir inaccurate.
Bevan bas disappeared since he visited the British Consulate to obtain a visa to his passport. The Vice-Consul confis Bevan shadowed cated the passport, but omitted to have
The police throughout Italy are actively has been circulated broadcast., searching for Bevan" whose photograph
THE NEAR EAST,
BOTH GREEKS AND TURKS AOTIVE
ان هایی شده بود
HOME, March 2nd. A message from Constantinople states that both the Greeks and the Turks in Asia Minor are showing the greatest military activity, evidently with a view to the resumption of hostilities. Turkish reconnaisances in the Nazli district ware repulsed. Troops and materials are ar riving at Smyrna from Greece.
His Royal Highness was
mot on
to
priceless collection of Kashmir shawls. The distribution of sweetmeats schoolboys and alms to the poor much enhanced the popularity of the Prince's
Visit
لی
But our earnings for the year under review have been increased by a large profit on the sale of some of our securities. We are as you know contemplating utilia ing a spare portion of the factory site, at present lying idle, by building Chinese
(funds for students study ing in France).-.-.-... Fr. Ten Other Banks (Prin
Japanes Industrial Baaks.
cipal and Interest oh
Exchange Bank of China Treasury Bills of Flood
150,000
500.000
Loan) 4000 Yen 6,908,087.67
(Interest Advance) ......... Sino-Japanese Develop
ment Co. (Interest Ad- Sino-Japanese vance) ......
Develop
ment Co. (Capital Ad vance Okura Company (Loan to
His Royal Highness played pola in the dwelling houses and so increasing our inistry of Finance) ...
afternoon and attended a State banquet in the evening, after which he witnessed & very waird and picturesque Lama dance by torchlight, followed by grand illumina tions and Greworks.
FRANCE AND GREECE. RESTORATION OF ESPOIR'S CARGO
DEMANDED.
LONDON, March 2nd.
The French Minister at Athens has in- formed Gounaris that France insists on immediate restoration of the Expor cargo.
...PEERESSES MAY SIT IN
UPPER HOUSE.
www.w
LONDON, March 2öd. The House of Lords Committee has decided that pesresses in their own right are entitled to sit in the Upper House. Twenty-four women are affected by the decision.
"
REPARATIONS. QUESTION, DISCUSSION BY EXPERTS IN,
PARIS. "
LONDON, March fad. Robert Horne, accompanied
experts, is to journey to Paris, on March 8th to discuss reparations with the French Minister of Finsace.
WINTER ASCENT OF MT. FUJI.
DARING BRITISH FEAT.
POVEIKIS,
we require some $130,000 and to obtain this money we sold out half our holding of Green Island Cement Co.'s shares which realised $197,243:70 and left a hand- some profit which has gone to the credit of profit and loss account. This has brought up the balance at credit of profit and loss to $325,321.44 which plus $9,949.93 brought forward and less $60,000 for! interim dividend leaves 8903,971.37 for division. We recommend that this amount should be allocated as follows:- To place to reserve fund 5,000.00 To equalisation of dividend
account To bonus to staf To bonus to Mr. C. Klinck on
retirement
We estimate that to do this
30,000.00 4,094.63
15,000,00
To pay: a final dividend of $1
per share
60,000.00
60,000.00
To pay
a bonus of $1 per sharo....
and carry forward ........
11,136.74
$905,271.37
large reserve fund and think it wiser to As I said last year we do not need a Lay by for a rainy day by building up the equalisation of dividend account The bonus to staff comes to about 10 per cent. on their salaries and I do not think will bo begrudged by you."
Mr. Klinck has had the management of the factory in his hands for some 35 yours and and faithful service. The Company owes is now retiring after this long
we now suggest represents, and we carinot too strongly recommend this recognition of his work and the conscientions atten- tion he has always devoted to your in
Daresta
Company (Ad. vance for
Promissory Noter of Commercial Guarantee Bank)
Bank of Chosen (Prin- cipal and Interest off Treasury Bills of Funds for Students Studying in Japan). Japande Industrial Bank
2
3,467,500
800,000
200,000
1,960.000
2,457,134.78
789,340.69
1,6,171,793
@ 300,000
(Principal and Interest on Treasury Bills) Russo-Asiatic Bank* (Loan to Ministry of Educa tion) Russo-Asiatic Bank (Loan
to Board of Ardit) Ko-Ah Company (Loan to
of Finance) ...Yen 800,000 and Shanghai
****
anking Corp. (Treasury
Bil for Family)
Imperia
Russo-Asiatic Bank, (Funds for Student studying in France Debt). Busac-Asiatic Bank (Funda for Students studying in France Debt) Banque de
l'Indo-Chine (Loan to Ministry of Finance)..................... Russo-Asatie Bank (Lonn to Ministry of Finance) Exchange Bank of Chins (Interest On Kirio Forestry Mining
Hulo Asisilo Bank Russo-Asiatic Bank (Loss
of Finance) Banque de l'Indo-Chine
(Tientsin-Tunghaien Boad
Loan)
to
and
$200,000
$1,250,000
$ 100,000
# 253,798.83
25,000
30,950
Ten 1,152,8.58
30,000
$ 100.000,
8 100,000
Russo-Asiatic Batk" (Pro-
missory Notes of Com mercial Guarantee Bank)
Tiantain T 90,656.25 Develop
You will notice that we have $250,000 on fixed deposit besides our working Sino-Japanese capital and some shareholders may, there
fore, feel that we might have paid a mant Co. (Cotton Mill
In the House of Commons the committee stage of the Irish Bil! took the form of a duel between the Government and the LYONS RAILWAY COMPANY'S AIRMEN'S CLIMB TO THE SUMMIT IN large bonus but the reason we do not re-sino-Japanese
"diehards." Mr Churchill refused to
i
BONDS.
FORTY-EIGHT HOURS.
to
Yen 3,647,453.09
more than
aro much more
commend this is that, after paying the
Develop- dividend and bonus proposed, and pro-
ment Co. (Paper Mill Loan). accept any amendments because altera
viding for the other allocations including A fent that must certainly rank as the transfer to equalisation of dividend Relief, Interest Advance, and Students' 2.310,826.85 PAR18, March 1st
(Note: The interest on, The papers, are commenting with the one of the hardist over accomplished in account, there will only remain sore Losa Treasury Billa bold by the Japak- the Flood tion of the text would kill the Treaty. utmost satisfaction on the fact that the Japan or for the matter anywhere else 866,000 available for our building operase Industrial Bank and the Bank of Sarwat Pasha pointed out the impos- An amendinent instituting Southern the London market was covered ten tires pondent, is an accent of Mt. Fuji in the about double that amount before they are $2,000,000 should be deducted of the time,
Lyons Railway Company's bonds issue on in the world, says Reuter's Tokyo corretions which as I have said will require these sibility of forming a Ministry as long da Ireland for Ireland in the title of the over as heralding a lasting recovery of achieved by two members of the British shed.
middle of winter.
amounting This was recently Britain maintained the policy outlined in Treaty, since.Ulster was not consulted on wards restoring marinal Trusinas condi.Air Mission now engaged in training Association which were passed and con- the Salt Barpins in December 1921 ar
French a great stride to
The alterations in out Memorandum of foreign short-term debts repaid out of they are repaid with the new bonds. The November, but the new declaration has the matter, was rejected by 254 votes to tions, British financiers and investors gaura aerodrome, in Ibaraki profectareth and 21st December last have now been $1,000,000 (say about $1,000,000), wich
firmed at extraordinary meetings held on January 1999 realizing the unexoelled soundness of A similar fate awaited a motion French credit, notwithstanding occasional claim to have established a new moun-approved by the Court so we shall pro- Fahould also be deducted. Therefore, the
The two climbers, who may certainly
thin It only remained for Egypt to demon-designed to prevent Ireland secoding from jolta in recovering the balance upeot by tain record in Japan, were Lieutenanted at once with the settlement of foregn short term debts, after making the strate that there was no need to
the warlavas. the Empire..
Commander T. Orde Lees, and Mr. H. Tenders for the construction of the necessary deductions, Crisp. Lieutenant-Commander Orde Lees Chinese houses I have already referred to. insist on guamatees affecting the coun
FRENHO” AERIAL SERVICE. is the well-known par
actually, amount to about $28,000,000. The Banque parachute expert, with I now propose that the report and Industrie'ls de Chine Billa amounting to try's independence, as the good faith of
GROWING POPULARITY OF THE planes to his name, and a mountain clim
a record of parachute drops from sero accounts as presented be adopted and pass Fr. 5,000,000 will be included with the Egypt and her own interests would con
d that the profits be divided na pro- above-losos after, the restitution of tho ber, with considerable erperience in the posed and after that has been seconded Bank).". stitute the best safeguards. The Ministry
Alps He was also a member of the late I shall be pleased to answer questions Sir Eranat Shackleton's Antarctic expedi: from shareholders. would immediately prepare for drafting a
tion of 1914-18 when he had charge of
Mr. P. A. Cox seconded, and the constitution conforming to the principles
the motor sledges.
motion was carried.
Mr. modern public rights and would do
L,C,C. ELECTIONS,
ANOTHER SWEEPING MODERATE VICTORY."
LONDON, March 3rd.
SYSTEM
PARIS, March 1st The French torial navigation system is inorcasing steadily in scope and popular Though a score of resulta are still lack-ity Oven, ten thousand passengers have availed themselves of the French neris! everything to hasten the establishmenting it is already evident that the London lines in 1991 against 1,700 in 1920 of a situation permitting of the abolition County Council elections have remilted in Havas. of martial (awa
·EABLIER CABLES.
SARWAT PASHA'S HOPEFUL
DECLARATION.”
.LONDON, March 2nd. The formation of the Serwat Paɛha Cabinet in Egypt affords evidence of the good effect of the British Government's eclaration of policy. Barwat Pasha has sent a letter to the Sultan declaring that the real intentions of Britain are now clear and that the situation has complete ly changed. The Cabinet considers that: national aspirations will be satisfied by tao iramediate declaration of independ ence and the fact that free and friendly negotiations will be held Inter for the dis. cussion of guarantees.
The Cabinet will draft the Constitu- tion, with a new electoral, law providing. for a stablishment of ministerial,ree ponsibility,
Sarwat Pasha announces the orcation of a Foreign Ministry, declares that hạ assumes full responsibility for the Ad ministration, and calls upon the nation to maintain peace and concord,
a big victory for the Municipal Reformers NAVAL YAORTS TO BE who promised drastic sednomics. They
BOLD. have secured sixty-spven cats, the Pro
LONDON, March 2nd.i gressives seventeen, and Labour ten
In the Hour of Commons, Colondi Amery announced that in the interests of THE KEMALIST MOVEMENT,oconomy the Commander-in-Chief's yachts Burprise and Alacrity would be paid off LONDON, March 3rd. and disposed of as soon as practicable:
SHAH OF PERSIA ON THE
The Porte has decided not to grant official oredentials to Yasu Kemal, accord ing to reports from Constantinople but is scading Izzet Paabo-to Paris aut London to negotiate on behalf of the Sultan, porting the Kemalist programme.
OBITUARY.
RIVIERA.
.
PAR13, March 1st. The Persian Shah has settled down on the French Riviera, for a sojourn of con sup-siderable duration. Losos.
AFGHAN MISSION IN PARIS,
PARIS, March 1st. The Afghan Mission has arrived in Paria-Hovar
PARIE, March 3rd. The death is announced of Henri Bataille, dramatic author.
A
LORD, CHIEF JUSTICE" RESIGNS
LONDON, March, ard:
Howart will moceed Lord Trevethin.
It is understood that Attorney-General
EARLIER CABLES,
LONDON, March 2nd.
Lord Trovethin his resigned, the Lord Chief Justiceship,
RUSSIAN STANDING ARMY.
Losbos, March 2nd In the House of Commons, at question time, Mr. Harmworth said the Govern ment understood that the Russian stand, ing army on January 1st totallof
£1,200.000.
SOUTH AFRICAN DISPUTE, LARGE NUMBER OF STRIKERS RESUME.
JOHANNESBURG, March 2nd." The Reof is much quieter. The number of strikers who have resumed has largely increased.
Both he and Mr. Grisp were in the Daily Mast Handley-Page machine when it crashed at Carlisle while on its way with copics of the Daily Mail for delivery in Scotland.
Their
ed
קוי
wilt
The items marked with asteriska were originally secured on Salt Surplus.
There are something like 120 Chinese NORTHCOTE proposed
domestic loans in the list. Many of thes TaTLER seconded the re-election of the million dollars, and the highest is for and Mr. are for sums of less than a quarter of a Hon. Mr. A. L. Lang, Mr. P. A. Cox and $2,750,000. Mr. H. P. White se Consulting dom loans
The grand total of all the marked for $104,001,582.90, but it is
tion several of the Chinese loans in the liab
mittoo.
This was approved.
is
that
Messrs. Linstend and Davies, and Percy aggregate within the amount of the bond Mr. ELLIS proposed, the re-election of may be withdrawn in order to keep the Smith, Seth and Fleming, as auditors at inane.
HUMPHREYS ESTATE AND FINANCE COMPANY, LTD.
EIGHT-HOUR DAY ON · SCOTTISH RAILWAYS.
great climb was made on the 11th," 12th and the early morning of the 13th of February, the journey up and down the mountain including reate occupying
mactly forty-eight hours. The climbers remuneration of $300 each. Mr. started from Gotemba without guides, CURIO seconded and the motion was coolica, or horses, but had the xesistance
carried. of two personal friends, Messrs. Adams and Larwaker, who helped them to haul their equipment packed on a (made from a crashed aeroplane) so for small sledge as a hut, 4,700 feet up where the first
The National Wages Board has tact night was spent.
An extraordinary general meeting of fully handled the thorny problem of the All through that the Humphreys Estate and Finance Co., Scottish Railways dispute, in which the violent storm raged, but a start could Ltd. was held at the Hongkong Hotel, employers sought to abandon the prin be made the next day, and the summit- was reached at 7 P-IL on the twoifth. Yesterday morning, to consider the follow. ciple of an eight-hour day, thereby arous
ing resolution:--- height of 10,000 feet the climbers
ing the suspicion of Labourites through- "carbed" their entire
1.That Article 105 of this Company's out the country that an attempt was equipment Articles of Association be altered as being made to introduce the thin end of cameras, are clothing, thermos fanics, nowhows nd all their food. They then
follows:-
tha wedga with a view to the subsequent" made the top of the mountain, (travel the place of $3,000 in the fifth line The Board framed & compromise, unbold-
(a) By the insertion of "$10,000" in general abandonment of that principle... me light as possible)... Unfortunately
the descent was made in thereof.
ing the eight-hour day, excopt a small the travellers werd un-
At
ling
J
a dense fog, and the
(b) By "atriking out in the ninth and category ng wayside stations, and stipu able to locate their "cache" owing to tenth linen thereof the words "for each lated, the agreement was not to be regard the fog and the darkness, and they had financial year of the Company and ined as a precedent for the abandonment to return without any of their property, sorting in place thereof the words "in of the principle elsewhere. food for twelve hours, they say they exceed in the aggregate the mum of In spite, however, of going without every year wherein such profits shall not arrived at Goteraba in splendid condi- $150,000, and a tion
commission of ten per cent per annum on all the net profits of Discussing the trip, the mountaineers the Company in excess of that eum."
The CHAIRMAN said:-This meeting has said the cold on the summit at night was not severe. The snow extended as far be reterospective and take effocs from at the last annual meeting. I may any That the above resolution (No. 1) to gestions put forward by Mr. Northcote
be called to give effect to certain mug down as the 3,500 foot line. The last January 1st, 1929. 4,000 feet of the climb was over solid ice Mr. I. HUMPH presided and there the suggestions and it is up to you either the Directors unanimously approved of and took them ning hours to accomplish were pechant Rev. Fr. Bobert, Memurs to approve or reject them. Before putting A recording barograph was carried J. M. Alves, WI Pattonden (Directors), the resolutions, I shall be pleased to un throughout the expedition, and affords G. Rapp (Secretary), Mears. M. B.swer any questions shareholders may ask. indisputable proof of their feat. that he and Mr. Crisp ate going to
Commander Ordo Loes further stated Humphreys, D. E. Cinele ond F. W. MAN proposed the resolutions, which were Northcote, W. Morley, F. M-Ellis, J., D
There were no questions and the ORATE peat the climb nimot Immediately in
seconded by Mr. NonHoore and carried, order to recover their lost property,
This concluded the businca.
Stapleton (shareholders). 4,5
(Continged at foot of vert sohimg.).