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THE HONGKONG DAILY PRESS, TUESDAY, APRIL 380, 1998.
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BRITAIN AND GERMANY.
SIR SIDNEY LOWS CRITICISM,
Sir Sidney Low, the eminent authority on Consitutional History, recently contri buted the following article to the Daily fui?:-
The Daily Mail has appropriately recalled attention to the statements by Mr. Lloyd George in 1, in which the policy of occupying the Ruler area in the event of Germany continued defanit, is emphatical
asserted.
ly
It ought to be remembercel, however, that the late British Government had already gone much further than this. It had, in conjunction with its Allies, delivered an ultimatum in which it stated that it would proceed to the occapution of the
valley of unless the German Government Ruhr the resolve, to carry out without reserve or condition" its obligations as defined by the Reparation Commission
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tradlilona of
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HUGO STINNES LINIEN
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HOMEWARD for Antwerp, Rotterdam and Hamburg
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witha
This ultimatum, was issued on May 8th, 1921. The German Government, after a defiant refusal, climbed down" before the six days of graeo had expired, and agreed to fulfil the demands of the Allied Powers. Bad it not done so, the Fitish Govern would have been bound on May 12th, 1921, "tu proceed forthwith with such pre- iary measures as may be required for occupation of the Ruhr Valley by the Allied Forces."
ment
This statement was signed by the repre- of France, Belgium, Italy, and
Bor. Lloyd George for Great }
In the view, therefore, of the late Cabinet the Ruhr "action" skoukl have been-and would have been applied to a recalcitrant Germany in May, 1021.
►
Moreover, it now appears that in the view of our present Cabinet the same sanction might, and should, be applied in or about May, 1923.
This rather startling point emerges from assage in Coinions at the beginning in Mr. Bonar Law's speech in the House of the session.
It was commonly understood that the proposal, which Mr. Bonar Law wished to bring forward at the abortive Paris Conference, contemplated a moratorium, extending to as much as four years, for the German debtor; at the end of which term, if that debtor had not shown himself able or to discharge his liabilities, Great Britain would be prepared to join in applying military pressure, including the occupation of further German territory.
This was taken to imply that eventually we might take part in a Kuhr advance, but not till four years tnd elapsed.
Mr. Bonar Law now tells us that this was not what
He would have been be meant. willing to agree to reforce military and territorial sanctions in six months, unless in the interim Germany had made a real and effectual effort to stabilise her currency and restore her credit.
As Germany has been persistently en gaged in debasing her currency, and wreck. ing her international credit; for four.
years there is not the smallest prospect that she would rehabilitate either in six months. So then, in the summer of this year, Mr. Bonar Law would be ready to join France in mov ing troops.
into the Ruhr Valley, just as Mr. the Lloyd George was ready two years ago; condition precedent in either case being
to
tions
That "condition, has been amply folalled Can we blame the French if they say: are taking those steps which you, no less take than ourselves, were prepared to
forthwith in May, 1921, and which your present Prime Minister tells us would to justifiable, in circumstances quite certain to occur, during the present year. Well, we take them more-that is all there is to it."
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If you have chruale chest weakness like bronchitis or asthma, you will find Peps a blessing. They give comfort and strength and ensure nights of restful sleep. Bufferers from that hacking cough of lung trouble, should always keep Peps by the bedside. No other medicine can check so consistently the wasting and weaken- ing caused by Incessant coughing.
If children are croupy or troubled with bronchial--calda, -or-throat --soreness, mothers and nurses will find in Peps the remedy that is pleasant and free from a harmful drugs.
Koep Pept by your hodaids and always take them whenever you feel the first symptoms of a cold, chill or sore throat. Papa enable you to throw off infection in its earliest stages and keep trouble off the chest and lungs. Also whan epidemies af colds, influetisa had threats are about, remtiember that Peps are a powerful defence.
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ABENTS: Wakefield & Co., 60, Klangse Road, Shanghal,
PREPAID WANTED
ADVERTISEMENTS":
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WANTED Immediately of THE ASCATIC PETROLEUM COMPANY (S.C.), LTD.,
(32 A LADY STENOGRAPHER.
The Allied claim, which our Government was preparing to enforce in May 1921 by the occupation of the Ruhr Valley, was for £8,600,000,000. We are now assured that this sum is altogether beyond Germany's capacity to pay, and that it must be re- duced by at least two-thirds, if not thres
is the quarters. Such, it is affirmed,
present the Enancial experts. conclusion of
But the figure mentioned was that fixed trialised people? Why is it oppressive to by the Committee of Experta in
in May, 1991. compel Germany to honour ber contract,
as the amount which Germany was C even if that does throw upon her citizens a able of providing over a term of forty-burden of taxation which would still be a two years. If the experts were right in mere fraction of our own!.
be
their calculations then, they must
wrong now; for the national wealth of Germany has not decreased in the interral, though her national credit (which is a
different matter) has gone to pieces.
OWE
Nobody, 1
I suppose Imagines that the full six thousand six hundred millions will ever be recovered from Germany, Yet that figure is fourteen hundred millions less than the amount of our
debt. national Germany has about twenty-five millions
inhabitants more than Great Britain; her area is more thin twice as large; creept in coal, abe has greater natural resources; she has, mora land, more timber, more cattle and abeep and pige, mord iron
ofc, zinc, potash; her industries are buoyant, and she has no unemployed. If tho smaller and naturally poorer country can endure a debt of eight thousand millions, I do not see why the Larger
and more populous nation should be crushed by debt of six thousand millions."
+
The original Reparations Agreement of revised and reduced three January, 1921, months later, arranged that the German debt to the Allies should be liquidated by These annuities spread over 42 years. annuites were to begin at (00 million sterling (two thousand million gold marks) for the first two years, increasing progressively to 150 million, 200 million, and finally to 300 million sterling (six thousand million gold marks) antar i fermany handed over this
Now, even if last sum it would involve a payment of well under £3 per head for the German population. We in England and Scotland (for you cannot count Ireland in) are finding, for interest
rest and sinking fund on our Nation al Debt, something like £30 per head.
annually.
If the Germun taxpayer were contribut ing to revenue only half as much as the Englishman, the whole sum das under the Reparations Agreement would be paid off in ten years Ho has never been asked to do anything of the sort. He ba bean required (and on paper has agreed) to furnish annual instalmenta which he could raise without taking upon himself more than one quarter. of the individual land which Englishmen and Sentamen carry as sungal interest on their debt.
Why should that be an intolerable, weight for this active, intelligent, and highly indus (Continued on nexs colmimSL.).
INDO-CHINA
STEAM NAVIGATION COMPANY, LIMITED.
TIENTSIN
SAILINGS BUBJECT TO ALTERATION....
KOBE SHANGHAI SAIGON
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HAIPHONG VÀ HOMEOW
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BANGKOK SWATOW SHANGHAI SWATOW STRAITS & CALCUTTA STRAITS&CALCUTTA KOBE via SHANGHAI
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BANGKOK via HOHOW...
...KUTSANG
3rd Apr., Noon, "CHEONGSHING" Tuesday,
"...Weednesday, 4th Apr. 5.p.m.
...Thursday 5th Apr., 7am..
Friday, Friday,
"WINGSANG
LEESANG YUENSANG
"HINBANG"
"CHUNBANG'
...Friday,
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6th Apr., 10.
6th Apr. 3 pm
6th Apr & pans. 10th
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11th Ap
14th
19th
Noot
Apr. 3 p.m.
17th Apr, 3p
Apr., Neos. Apr
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20th Apr., 3pm.
21st Apr., 10.
CALUDTTA LINE - This Line adfords regular sastings as Caloutis, Penang san
Straita
Blogspore; returning from Caloutta stedmers proced and Hongkong to Japan, coessionally calling at Shanghai," All stormers have excellent passenger accommodation, are fitted with Wireless and fully qualified Burgeon: BHANGHAI LUNE:-Ballings approximately every thres laye Delwoen Canton and
MANILA
Bhanghai, sometimes calling at Bwatow. Through tickwis saar be obtained and through Bill of Lading are mode Northern mal Yangimas Faria via Shanghai: nár. LUNM :-A weekly servico la maintained with Manila by romels with good passenger socommodation, sailings from both ports every Friday! HAIPHONG LINE-Bentor approximately weekly for you and orga caling at Holhow wisen Indadament offers
to and from Bandalia by sro 5,000 scha LAND-Fortnightly SANG and VAURAKO": both camera
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ux callant
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Bills of Mommodation. Cargo taken...ol
and Inbad Date
for Kudat Towelton, Labuan, Taw
run from March to November between LINE-A regular service is
Hongkong and Tientsin, calling at Welbaiwel and Chefor, **** LINE-A wackly service is provided betwien Hongkong and Bangkok, via Swalow, by dra desmeri Siked with up-to-date padmangar mocammedation.
CALCUTTA LINE
16
- 3.9. ·FOOKSANG" will be despatched on or about Saturday, 14th April, at 3 p.m. for SINGAPORE, PENANG & CALCUTTA.
الله
:
Through Bills of Lading issued to RANGOON, MADRAS, PORT SWETTENHAM and DUTCH EAST INDIES.
For Freight or Psange apply to-
Jardine, Matheson & Co., Ltd.
Tacaron; ORITEAL N, 15
GLEND
Vessel.
GENERAL MANAGER.
SHIRE
JOINT Banvios „F STRAMMUS.
U.K.-ETRAITS, CHINA & JAPAN SERVICF
OUTWARDS.
"GLENOGLE") MI "GLENAMOT" "OLENAPP"
Das Hongkong. Vorzel
Sth April. 25th April. .... 7th May.
HOMEWARDS.C
Leaves H'kong. Discharge "PEMBROKESHIRE“.. 8th April, Geron, London, Rotterdam & Hamburg, "GLENADE " . ... 20th April, London,
• Hall, Rotterdam and Haming "GLENARIFRE”,- 8th May Genoa London, Rotterdam and Hamburg.
Movements are subject to change withons notice. For freight or further particeler please apply to
Jardine, Matheson & Co., Ltd., The Glen Line, Ltd.,
Telephone: Central No. 21, mber, 13 and Central 1808"
AGENTE.
THE HONGKONG & WHAMPOA DOCK CO., LTD.
TELEGRAPHIC ADDRESS: "MANIFESTO,” HONGKONG
CODE USED: AI, A.B.C. Fifth Edition: Engineering: First and Second Edition. Western Union and Walkina, Bonson's, Marconi,
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"of Prid ANGGO B XON PETROLSUM CO, LTD, being one of love similar vessels built in these WORK
to the same order. -..
Please address enquiries to the Chief Manager:
R.MDYER, B. 80., M.IN.A., Kowloon Dock, HONGKONG.