CABLES.
LATEST CABLES,"
THROUGH REUTER'S AGENCY.]
TURKS ACCORDED GENEROUS
TERMS.
- THE HONGKONG DAILY PRESE, : TUESDAY, JULY 10TH,
NEED OF A NEW U.S. GOLD POLICY.
BALOON ACCIDENT. TWO COMPETITORS IN RACE MISSING.
New York, July 8th. The oava balloon No. 16888, which NEAR EASTERN SETTLEMENT started from Indianpolis on July 4th, in the national Gallos ruce, has been foam) in Lake Erie, partly definted." The basket is mising; and it in feared the two occupants have been drowned,
SPANISH ORISIS SETTLED.
MADRID, July 8th. The dispute between General Aguillera and Sener Sanchetiton, which commenced recently owing to parliamentary criticism of the military reversin in Auroces, and led to a serious crisis in Spain, has been settled.
£
LAUSANNE, July 8th. General "relief and satisfaction are the happy line of the expressed at laborious" Lausanne negotiations,
'The Allies have agreed to suppress all. reforence to the currency in which the Ottoman debt is to be paid, but they have "reserved the right to submit a declaration in manmile maintaining the principle that private contracts between the Turkish Government and its creditors are still binding and cannot be modified except, by the free consent of the contracting parties. The Turks have reforçat to Angora certain pain in the Protocol in regard to concessions; hat generally, the Protoen "conserntes" the contracts and concessions.
which were concluded before. October 29th!
1914.
Constantinople and the Straits are, to be evacuated within six weeks from the ratification of the Treaty, but provisions will be made in favour of Allied nationals, poiding the enforcement of the Treaty, which will be probably signed on July
17th.
Russia has been invited to send repre- sentatives to sign the Straits Convention,
EXCHANGE QUOTATIONS
LONDON, July 8th.
BARLIER CABLES.
LAUSANNE DISCUSSIONS
ENDED....
KRASSIN'S SUCCESSOR.
Muscow, July ath.
Rakoves has been appointed head of the Russian trade delegation to London in succession to Krassin
NEW YORK AND LIQUOR. REPEALED STATE LAW.
New York. Jane 3rd.
of
GUARDING THE RAILWAYS. PLACE ZONES OF SPECIAL ADMINISTRATIVE BASIS.
MR. LENOX 8IMPSON'S SCHEME.
Mr. B. Lenox Simpson was the speaker at a tiffin recently held under the auspice of the Anglo-American Association in the Grand Hote: des Wagons Lits, Mr. C. R. Bennett, chairman, presided over a good
attendance.
issure.
On the call of the Chairman, Mr. Lenox Simpson spoke on matters of current In his preliminary remarks, the speaker pointed out that there were today five regiqual Governments in China, These, however, were bound together in a few modern instrumentalities on a foreign basis-customs, sat posta, telegraphs, steamers, and always, which gave a sublance of uniform Government, Com- ing to འ consideration of present problems Mr. Simpson said that the immediate con- ern owing to the Lincheng uutrage was to find a formula for making travel safe The suggestion was that railway police or gendarmerie, with foreign offers was the solvent. But how many railway police or
would be required gendarmerie,
The Chinese Enetern Railway reformed ita police largely because of the report of a Conumission of which the speaker was a reember in 1930.
A FORMER LESSON,,
H
-1995.
EMPIRE RESOURCES.
He urged the grant of an all-round- Imperial preference at a rate of 33.1-8 per WEALTH IN CROWN COLONIES.at. It was impossible, to guarantee to
The administration of the excess golil
The Economic Conference and the the Colonies that a profitable market fund of the United States constitutes the Colonies was the title of a paper read could always be found. But it was surely country's greatest angolyed financial proby Sir Edward Dayson, before the Royal possible to offer some security of markee, blom left by the war, according to Dr Society of Arts, on June 5th. The views and, assuming that Great Britain require Henry A. E. Chandler, Economist of the expressed by the Governors of several ed certain commodities, it was not too National Bank of Commeres in New Crown Colonies who were in England on much to ask that, wherever duties may be York, in the June issue of the Hank's leave lent special interest to the discus imposed to meet our needs or revenue, a
L'ommerce Monthly, H
sion which followed the paper.
preference should be given to our Colonies magaxine, writes:-
The Duke of Devonshire, who presided, as against the foreigner, so that whatever The present hesitation in our busidegs movement, coming su suddenly upon our said that there was an evergrowing in be the world's price-whether profitable reeus rapid expansion is an example of the kind of uncertainty that is inevitabetert shown by the people of Grent or not-they might know that we looked long as the basic factor in our credit Britain in the welfare of the Crown to them in the first place to supply our situation is so abnormal in character. Colonies. Although a great part of the wants.
"In conclusion, he said that he had been Unless we can once more bring juto opera time of the Conference, would be taken up tion the automatic system of croit regula tion that prevented abnormal credit dis with matters affecting the Dominions, he discussing only questions of material pro- turbances before the war, we must con had no doubt that every attention would grem and economic development, but be struct a new gold policy. In working toward either of three entis the first step be paid to the affairs of the Colonies hind there lay something deeper and is to deal with the abnormal factor that The visit of Mr. Wood to the West Indies greater. There had, by dispensation of has been injected into the present situa had been of great value, and in a fet Providence, been given to our charge the
excren gold in our
months' time Mr. Ormsby Gore would pay care of nearly fifty million people of tion, namely the possession."
Ever since the close of the war strong similar visit to the West African many races around the world. how have been entertained that some means would be found whereby this exce Colonies. He wished that the demands of material welfare was important, but he gul could soon be returned to Europe. Parliament and the administration of the vond this there fell upon us the care and However, it must now be admitted that in Colonial Office were not so great as to responsibility for their moral and mental
present international situation there:
Their
ats no basis for the confident expecta Prevent the Secretary of State himself progress, of educating them and uplifting tion that through the channe's of cormal; from visiting the different parts of the them to an ever higher plane of civili- trade through any other plan, now Empire overavan The present adminization. It might be said that it was not appearing practicable, we shall soon be tration, however, had every confidence in relevant to an Economic Conference, but relicted of our disturbing excess of guld.
THE AFRICAN COLONIES.
It was advised that General Munthe be invited to Harbin to make a detail examination. it Lak three months pressure and an endless stream of con The break-down of the od otomatic the man on the spot," and he hoped of this he was doubtful. For matters of production and trading were but a part versations and documents to get his system has thrown upon the Federal that all Colonial Governors would look' appointment sanctioned. His findings could reserve system a responsibility that was practically be expressed in five, words: never contemplated by its founders. This upon the officials of the Colonial Office as of the task-which was our British herit. ago-of guiding and guarding the welfare | the men were not paid.
wow and are highly efficient."
They are paid system presupposed the working of normal their friends." (Cheers.)
the Still on forges that automatically adjusted In tracing the development of the of these millions whose destinies were çom.
dislocations 250 the credit that railway there were 3,000 polios for greater, 1,000 miles of track. Therefore if they mechanism. No contral bank has ever Economic Conference Sir Edward Davaon mitted to our charge. (Loud cheers.) put in all the railways to the Yangtze been called upon to face the particular said that it was stated that the Confer
Federal ence would include representation of the Sir Hugh Clifford, Governor of and around the Estuary and allow this problem now confronting the number per kilometre the result was 10,000 police who with officers' and 'egiup-| ment would cost about 32,000,000 a year, This would give about 2,500 men to the Tientsin-Pukow line. Could that number of men spread along 650 mites, or under four men per mie do anything? He thought not. Under the Portsmouth Treaty the number of railway guards agreed apon by Russia and Japan for Manchuria per track kilometre was 15, or say 20 per mile. Applying this to the Chiness urni way system it would mean:
reserve system.
If we had gold reserves in this country, Colonies and Protectorates. This was Nigeria, said that the West African but in excres of normal nesis, if would satisfactory as indicating that the interrats Colonies seat all their produce to a single not be too difficult for our Federal reserve of the Colonies, as distinct from the market and a single customer. He was banks to control expansion and contraction of credit pretty well within the limits Dominions, were not to be forgotten. It afraid that so far, as the Conference in required by sound business, Any move was obvious in this connection that while October was concerned they would not he ment in the direction of an unsound ex there might be many questions which ap- able to give very much in the nature of pansion would then be reflected in such a plied to the Dominions alone," the core preference. decline in the gold ralio as to give a warning not only to the Federal reservo bined interests of the two were frequently banks but to all business and financial concerned and the views of the Colonies institutions. The reason for readjustments were therefore necessary if the best solt of the rediscount rate, therefore, would tion of the problems involved was to be position would then erist to furnish found. be clearly evident, and no fake reserv Pukow Railway. 1,000 gendarmerie for the Hankow-Apparent support to these desiring to bring pressure upon the reserve banks to follow Peking Bailway,
A FORCE OF 61,000.
13,000 gendarmerie for the Tientsin
The Master
of
Elibank said that it
would be of the greatest advantage to the representatives of the Dominions, if at the Economic Conference they would establisla personal contact with representatives of How much of the time of the Confer the Crown Colonies. To-day the only enes could be devoted to purely Colonial preferential. arrangement between In expressing our. Federal serve ratio, matters remained to be seen, for it must Dominion and the Crown. Colonica was at present, we treat the entire. amount of naturally be assumed that the affairs of that in existence between Canada and the gold in the Federal reservo system as if
unsound practions.
New York, celebrated" the Act Governor Smith in signing the bill repen). ing the State law for the enforcement of prohibition in much the same way as London celebrated the relief of Muteking, but unrestricted liquor to-day flows only in prospect, albeit the bases of supply are being enlarged, and communications im- proved, and the bootlegging forces, never very depressed, have been greatly hearten- ed. Since the Federal law on prohibition still remains intact, though weakened by the fight of the wets in behalf of State rights and individual liberty it is pre- sumed that the submarine chasers will still aid the coastguard in chasing rum rugners by sea, but the coast is so long and the preventive cordon of Federal agents so limited that access between the „To-day's exchange quotations were:-three mile limit and the share cannot be German marks 1,950,000 to £1. French altogether prevented, and probably will be widened. In any case, it is argued, franes 79-25, Belgian franes 97-15.
the Canadian boundary coincides with the American from the Atlantio to the Pacific, and there the bootleggers, with their headquarters in the United States, 11,000 gendarmeria for the Peking-Mukden are so firmly entrenched that nobody Railway. serious'y dreams of evicting them or end- 6,00 goudarmerie for the Shantung ing their activity, mor specially as Railway Governor Smith's Act construed as giving that degree of moral support":"000 gendarmerie for the Shanghai all possessed the same character. This the Dominions would, claim the major West Indies. He thought it important
Nanking Railway.
is clearly misleading. Our present vast part. Circumstances and conditions varied, that any preferential agreement within. THREE OUTSTANDING QUESTIONS without which no popular movement here 5,000 gendarmerie for the Peking-Suiyuan gold holdings are in reality made up of in different Colonies, but there was as the Empire should be for a definite term
AGREED UPON.
can be really sucessful. It is stated that Railway.
three funds. The first represents the por underlaying principle of development, of years.
Sir Robert Coryndon, Governor of the police of New York State will not 5,000 gendarmeria for the Hankow-Hunan tion that normally belongs to us for the which was common to all. It might be
extensions to domestic that the seeking for this principle should Kenya Colony, said that Uganda pro telax their efforts against citizens who Railway.
Use of credit LAUSANNE, July 8th.
make liquor, whether in big factories
business units. It is ours in every sense rather be left to a Colonial section of duced one hundred thousand bales of Or a tutal ar 01,000 men, A private meeting of the
The cost of the word and we can safely utilize it the Conference presided over by the good-class cotton last year, and that one Allied under the guise of temperance beverage would be $12,000.000 per aunum, with for the extension of credit. within the Secretary of State. It might be alternative reserve in Kenya had produced one, representatives and the Turks on July 7th, slightly alcoholised or in private cellars: $5,000,000 for equipment, and the number is dictated by punt expedience. The natively that more rapid progress would hundred tons of maize a day. Such figures
but since the State police are not Federal of foreign officers would have to be 250. tras the longest and most labourious agents and are paid by the State, it is
What would be the relationship of such second part constitutes what may be called have been made if the governors and showed the value of the produce of that probable that they will only make a
our international fund. It represents the commercial representatives had been called Colony to the Empire. In our East hitherto The Allies presented proposa's parade of virtue and let things take their to the large bodies of troops in canton- change transactions to keep, American to the greater one, but they must, assume willing workers. All they needed was force (a) to the provincial authority (b) part that is normally used in foreigu to a Colonial Conference as an auxiliary African Colonies there were ten million Fur
a settlement of the debt question, con- course. The people generally seem satis ments along the railways? Having international relations substantially in that Colony problems would receive ade sympathy, education, and encourage.
flod that New York State has given an assumed custodianship would they not be equilibrium with the rest of the world. quate consideration at the Conference as ment, cassions, etwaters. The meeting adjourned example to other Stairs, and since the only responsible for law and orderl If This fad, we should, of conse, retain it was now being organized. for an hour to allow Ismet Pusha to con-public house with its bad associations has they were attacked as they might reason within the regular channels.
gous, never to reappear, even the mode ably be attacked, by brigands or mutinous for with his colleagues, and concluded at rates are coming round to the view that troms where won'd the police be? How
After setting aside our domestic fund, The matter of their representation was, comed to the utmost the proposal for an miso in the cyoning. It continues to-day, Aulate without destroying the integrity He mentioned these paints as urgent exchange fund, we still possess a third sbviously could not expect the same status ever, that it would avoid one thorny sub- little light wine and light beer may many, nationalities would be involved? and allowing liberally for an international however, not without difficulties. They Doonoraic Conference. He hoped, how It is believe that the Turks are raising of the American Commonwealth.
matters because he believed that the This latter fund, of course, belongs to
sence of representatives of each of them rather alarmed by the term "economic difficulties with regard to the safeguards According to a telegram from Madison, problem of railways was the life or death gally. In an economic sense, embracing as the Dominions and, even so, the project. The native of West Africa was
Wisconsin, as a result of Mr. Smith's 'hef China,
any plan of Europe to return to the gold would unduly increase the size of the as development, which he understood to standard and the return of the old demanded by: the Allies in return for tion, the "wet" forces in the Wisconsin
automatic system of regn'ation, it cannot sembly. He suggested that for the pur mean the exploiting of his land. meeting the Turkish views with regard to Legislature will aghin attempt to pass a
A foreigners were legally limited-to be kald to belong to us. It constitutes, in poses of the Conference, the Colonies hoped that the Economic Conference similar measure. The bill has been taken the mode of payment of interest on the from the table and will be placed in the arts the old fictions of government large part, the fund of European nations might be divided into four main groups, would be tactful enough to make it clear could he left standing, but now that an until it can be returned to them under namely, East Africa. West Africa, the Far that the aim would be to help the debt al settlement of the remaining calendar on Thursday text.
the belevet that the true solution was to credit purposes, we cannot expect them to tonal cases might call for additiong
forgers were and along every railway conditions enabling them to use it for East and the Atlantic-although excep. African native to develop his own land.
Mr. A. R."Slater, Governor of Sierra members and that an individual repre- Leone, and Mr. Richard Jebb also spoke. place railway zones on a special admini- return to the full gold standard. strative basis, to pay for the privilege of
In proposing a vote of thanks to Sir If we continue to hold this excuus gold sentative of each should attend the Con
Ormsby Gore said that there was a grow panied by the statement that he took the then open to foreign ownership of land.
likely that both it and our domestic credit od rights un regards addressing it.
the self- After describing the resources of the ing sense of responsibility step in the interests of the rights of the Considering solutions, of the problem of fund of gold may further depreciate in State, but that Federal prohibition w today, the speaker expressed the opinion value. The more this gold depreciates in various Crown Colonies throughout the governing Dominions towards the needs of remains in force in New York and will be that the Conwrtium formula was not value the more we shall require in our Expire, Sir Edward Dayson said that to Colonies which were not self-governing. strictly enforced by New York officers of necessarily bad, but it would have domestic fund to support an adequate sum them up in a word, they had an Australia, New Zealand, and the Union the law. Of particular interest and signi- anticipated. The problem was too big for this god in such a way, as a prevent the pulation of nearly 47 millions, an annual pires of their own in the mandated areact contrary effects to those which have been volume of credit. Unless we dispose of area of two million square miles, a po of South Africa, had acquired little em- ficance, however, is the part of the car departmental consideration. High com further, depreciation of its value, there trade of over £550,000,000, and a public placed upon their control, and his fact A communique states that an agreement cutive's statement which sounds the call missioners to meet Chinese Commissioners furt, ng und tan foretell how much gold debt of only 261,000,000. Their trade was beginning to broaden their is the in principle has been reached on the three for a new policy in prohibition enforce-
ment, representing the middle course bere required, not delegates from the
we shall need in the future to finance with the United Kingdom-import and Both the Economic Conference and the butstanding questions, namely the currency tween the fanatical wety and the fanatien king samens, but men who were in con- business, and it will become increasingly axport-might be roughly taken as British Empire Exhibition would illus trata in their respective ways the inter- in which interest on the Ottoman debt-in dryв,'. a declaration which may be regurd- trol of the regions mentioned, such is difficult, if not impossible, to return this £100,000,000 a year
Tso-lin, Wu Pei-fa, Lu Yung gold to Europa without undergoing ed as the platform upon which Governors. payable, the concemiona, and the oracun Smith may become candidate for the slang, and Sun Yat-ren. These wore the deation and perhaps very unfortunate must be twofold; first, to increase thei, Empiré upon each other (Cheers.)
governors. Nothing could be liquidation, Democratic Presidential nomination. Gov dome, in Peking today. In conclusion, ernor Smith proposes that the individual Mr. Shupson showed that the dignity of special fund to be returned to Europe as wealth might grow; and, secondly, to see BETTER ENGLISH WEEK."
Let us act nside the excess gold as a mineral resources so that their interual States be permitted to define what shall government in China had suffered and soon sa Europe is able to utilize it. In that the growth of demand for manufac
foreign dignity had suffered with it. The bo designated intoxicating liquor, so that some States may have fight wines and Chinese spirit had been bruised and hurt the meantime, we shall have a regular tured gonds, consequent on the increasing, NOVEL GAME IN NOVA SCOTIA.
reserve fund ample for domestic credit wealth might be filled by Great Britain I. & N. EXPRESSES SATISFACTION.be, while others may, if they choose, be and it was the duty of the stroman hart
aa dry as tho painted desert. The Gover to help the weaker.
purposes and ample funds for normal and by those parts of the Empire which Nova Scotia, long regarded as a well nor said that the whole treatment of the
foreign exchange purposes. Whenever the can meet the demand-rather than by of English, pure and undefiled," launched prohibition law shows marked bypocrisy,"
outflow of gold for foreign exchange pur foreign countries.(Cheers.)
"Better English Werk Drive, on May posés · masumes abnormal proportions Wo and that the country is looking for a new ideal.Governor Smith denies that be
scenosions.
IT IS PEACE."
LAUSANNE, July 8th. Ismet Pasha, after meeting the Allies, told journalists that an agreement bar Brewed on all points, and declared
"It is ponce,**
tion of Turkish territory.
MY
THE SAAR COMMISSION.
GENEVA, July 8th. The Council of the League of Nations
4
A telegram from Albany, the capital of New York State, says:
Mr. A. Smith's action in signing the
. FOREIGN OWNED LASD.
PROBLEM OF REPRESENTATION.
Sir Frederick Guggisberg said that as Governor of the Gold Coast be wel
He
bill repealing the Mullen-Gaze State Pro special administrative areas, and to throw in our domestic credit. fund, it is not un./ference in an advisory capacity with limit- Edward Davson and the Chairman, Mr.
hibition Enforcement Law was necom2;
at its public and final session unanimously advocates anything that will infringe
Chang
regional
"HYPNOTISM FOR WASP STINGS.
upon the provisions of the Eighteenth Stories of the remarkable powers of the
Saar, mision to decide when it will be con- law.
La respect of these Colonies our object dependence of the different parts of the productive power and develop their
can then draw on the excess fund in pro- To develop the resources of the Crown 25th, with Miss Rosamond M. de Wolfe to the exons demands of foreign Colonies it was necessary to improve and Archibald, a teacher at Acadia Seminary extend transport, facilities. Preference in Wolfeville, as one of the leaders. Miss passed & resolution that it was useless to Amendment, but he regards, the one-half mind under hypnosis were told by Mr. gold is not a matter of great importanco. prise, and every inducement compatible system of teaching the spoken word. She The precise method of segregating this should always re given les private, inter Archibald elsims to hare, & brand new
·March 7th, which has been withdrawntion of intoxicating liquor in the Völstend London Spiritualist Alliance, Queen's or only mentally is a mattor of Indil-fed to the intending investor. There weretions !! One day during the war,” she discuss the provisional Saar ordinance of of the 1 per cont, alcoholic content defini-Robert MeAllan eat a meeting of the Whether it should be segregated physically with the Colony's wellure should be offer.has.invented a game known as corre
[Act no diahonest and nonsensical. With Square, on May 4th. Hypnotiam itself, forence. The essential requirements are however, propositions which could not explains, "I realised the swift change · Au rogarels other extraordinary measures tha Stata prohibitions law abolished, it he said, could not cure, but was a means that it should not be used in the comtempt the private capitalist owing to the from a raw recruit to a finished soldier tako governing the commission in the will still not be legal to manufacture, sell, of bringing the subsemscious mind into patation of the Federal nerva ratio reward being too remate, and the next that a month of military drill produced Council, leaven it to the com-1York, the Governor asserts, for to do so gestans for cure without question. A man as a basis for farther credit extension for be permitted to raise loans in the London methods of teaching correct speech. I called would still be a violation of the Federal came to him suffering from locomotor domestic, business and that, the public market, in order that it might be placed my pupils to their found to trests in The police may make arrests, but ataxy, and as a result of treatment by 'should understand clearly the nature of in a position to undertake the work. Butition, to salute the Flag, and to recite in venient to revert to the common law, and the Federal Court must do the prescent suggestion, he now walked:a milė every this fund and the reason why it has been even this would sometimes fail as a sola concert a few correct sentences, drill, expresses satisfaction with the amnesties Smith has placed himself in the forefront him with a wasp sting on the wrist as big Having the excess gold thus set aside wa tion, and if the Colony could not afford fashion. Then sent them forth to cor- to provide the necessary interest and sinkrect errors, copying down corrections only recently, granted by the commission and of the field of candidates for the Demois half-a-crown. He placed his thumb.on can proceed to regulate our own domestic fund” it would decline to face the of all mistaken detected at home, in school, great appreciation of the commission' eratic nomination, for President, and there the spot, and while she was hypnotised the fund more nearly in accordance with undertaking, and so developmant would be and in public speaking. The effect on their
is little or no doubt that he will go to inflammation practically disappeared in approved methods of banking control. We
speech was magical. In a week of prac Lice we had accomplished what lifytime of the National Convention as the choice, not ten minutes. Another subject could add shall hate ample gold for sul sound choked. only of New York, but of other States up four separate columns of figures business; the gold will not suffer rapid On such occasions the Imperial Govern theory has often failed to do. To-day years, particularly under the difficult cir desiring a modification of the Volstead simultaneously and correctly while under depreciation on our hands; and we shall ment might well consider the advisability parents are playing the game of correc cumstance. It assures the commission of Act. The dry champions are boiling hypnosis; although ordinarily she could be relieved of the danger of another of advancing the amount required and ions with their children, and, incidentally, with wrath over the repeal of the State not be called good at figures. The lee drastic fall in the value of money. The either funding or waiving the interest for benefiting by it The child links up his i full support M. Hantaux oxpressed Enforcement Law, and are vowing venge turer emphasised that these results were bogey of excessive inflation or deflation a period of yours as might be considered language with his flug. He is made to estinfection at the settlement of a delicato anes against Governor Smith and every not the effect of hypnotiun, but were that has caused such great uncertainty in best, thus ensuring that the Colony feel that it is just as freasonable ta make State Senator and Assembly man who purely qualities of the mind which were the business world will then be largely given breathing time to earn the pronte mistake in his speech as to dishonour
dormant in ordinary circumstances voted for the bill-Daily Telegraph.
administrative work in three and a half
question.
ingil
By a stroke of his pen Governor morning before brinkfast. A lady went to segregated pr
removed.
before having to pay the charges.è'i
that fing.