CABLES.
LATEST CABLES,
(THROUGH KUTES'S AORNEY.] IMPERIAL ECONOMIC
CONFERENCE.
"EMPIRE PREFERENCE DISCUSSION.
LONDON, Oetcher and
THE HONGKONG DAILY PRESS, THURSDAY, OCTOBER 4TH, 1923.
LATEST CABLES.
TROUBLED GERMANY.
POLITICAL STORM THREATENING,
The
Losnos, October 2nd.
[Partion of Herr Streseruaon's Own
namely the
FAR EASTERN CABLE NEWS.
(THROUGH BEUTSK'S AGENCY.] BANQUE INDUSTRIELLI DE CHINE
Pus. October 2nd.
German People's CHARGES AGAINST EX-OFFICIALS, Þarty, in satuitting demands to the Chancellor, das resulted in the political situation becoming considerably worse luring the past few hours,” “
Replying to 'Sir Phillip Lloyd Greame's spevek at the Economic Conference, Mr. Mitchell) Inats stressed India's
One Party, of which the leader is almost limitless potentialities as a market. Schölz, objects to the presence of Social General Simuts (South Africa) contended ist wenbers in the Government and has that Great Britain should be able to give requested the Chancellor to re-shuffle, the the Dominions such additional preference
Cabinet and include representatives of the on a mumber of articles as would assist German National Party, also to alter the tremendously in devdoning the Empire's eight hour day law. ryseres without departing from the
Scholz has threatened to put on the settled Bend policy. He said this could screw if his demands are rejected, by be alone without taxing foodstuffs and opposing the Cabinet's Bill, which seeks 'essential raw material, and intimated the full powers in economie and financial willingness of South Afrien to reshape matters, without Reichstag annetion. ler lies in order to make preference. The Social Democrats oppose ang inter- mutually beneficial. He urged the inference with the eight hour day anal the portance of developing the African con- entry of German Nationalists into the timent, which was capable of producing Government. practically all the raw materials Great
The German National Party bas issued Britain-ended.
statement that it will not participate Mr. Mackenzie King (Canada) advocat-in any revolutionary movement, ed the removal of Government spatiul The Minister of Economies, Herr Rau from industry as far as possible, in order wer, has resigual, to enable the movement of men and money throughout the Empire..
On the application of a shareholder of the Banque Industrielle de Chine, the Examining Magistrate is opened an enquiry into charges against Pernotte, Andre Berthelos, Kuhli and Borel, ex- officials of the Bank, for having "entered
financial operation for their benefit.
"
EXCEEDED
LOANS
own
THE COLTMAN CASE SETTLEMENT,
'STATEMENT BY LEGATION.
The U.S. Legation at Peking hagissäed the following statement,"relative to the, settlement of the Coltanan case
ment for this incident..
SOCIALISM IN ACTION,
THREE SHIPPING VENTURES.
AN OBJECT-LESSON,
[WG, AROHIKOALİS, HERD. I'
We are frequently tåld to look towards the Dopinions if we would study the working of various "Socialistic theories; but it is not always easy to get at the facts. Statistics, handled with intration, can be made to prove almost
thing-
is entered
CENADA'S EXPERIENCE. Canada, as well as Australia, einbarkeit in shipping during the bcom period, and Mr. Bruce has given as a statement of tha costs of this adventure to the Canadian taxpayers:--|
Gros Joas, year ended Dec.
31st, 1921 Gross low, year ended Dec. Interest
31st, 1929
Total
Gross capital cost of fleet..... Today's estimated market
value (say average £10. per ton dw.)
£1,800,000
*2,000,000. 1,001,00
£ 4,800.000
3,600.000
As 'n resale of the unwarranted attack already describe on the American Consul and Mr. Catman, the American Govern meat male the following five demand, for the antisfactory settlement of the case, and these have now been complied, with in Once a the ninnner indicated below:-
Socialistic experiment apon, is supporters indulge in a good 1-An apology from the Chinese Gev-deal of wriggling before they admit ernment for the affront to the Americna | defent. If failure is demonstrated beyond Government.
It is small wonder, in the light of those The Chinese Minister fer Foreign to be indirect benefits which are some that there was no money to be made eavil, then they parade what they claim figueres, that the majority of the Canail
ians came to the conclusion long since? Affairs addressed, a note to the American times incapable of effective, exposure. But from shipping under State management. The interested parties have been in Minister on January and tendering the the Prime Minister of Australia has pro- And they, like the Australians, have also, formed of the allegations
formal apologies of the Chinese Cover vided an admirable illustration of the had to pay a beavy price for their Gay- INCREASE IN CHINESE CUSTOMS feripal apology from the Tatengdustry works by revealing the history of State ships and the national railways re way in which the nationalisation of in-was recently stated that the Canadian, ernment's adventure in shipbuilding. It; of Chahar (Military Governor of the the adventures in shipping of his own presented a loss which absorbed the whole Province)
Dominion and Canada, and he is surely yield of the income tax. These Dominions! The Military Governor of Clubar, came above reproach.
have learnt that the State cannot build to the American Legation un the morni
ships, nor run ships, at a profit. An Shipping is an International trade, and what is true of shipping is true of rail
Bad Sezretaris, "and apologized is përzen degree, internationat, because our pros employds or the taxpayers; and by its Counsellor, Military and Saral Attnels trace of this country is, in varying activities be viewed from the angle of its... ing of May 5th, and in the presence of the it may be sint stands alone; but all they, mines, and other industries. The Stato is a failure in business, whather, its
to the American Minister for the Gring perity depends upon the extent to which inefficient management and rising losses it
the American Copsut and Mr. Colwe succeed in selling goods or rendering community at large.
contributes to the impoverishment of the 3.-The summary dismisal from the;
services, such as banking and insurance,
While giving the history of Australian- Military Governor, the Chef Adjutant, goods or cat, or in performing various Australians, the balance sheet of the Chiurse Army of the Chief of Staff of the other people. We cannot hope to hold and Canadian State shipping, Mr. Bruce Tour owa in exporting manufactured also turned an eye to the United States and the third efficer who was present at nancial operations, unless efficiency is United States Shipping Board
and presented, for the edification of the the guard station.
The Chinese Minister for Foreign profess to believe that they can so reform
combined with chrapnet. The "Socialists, Two years estimated loss (up to March 17th, 1925, and excluding interest May 23th, that on the petition of the)
and depreciation) 20.000,000 Estimated gross capital cost
of fleet Today's estimated market value (about 10,000,000 tong.d.w.)
REVENUE
BY COST OF FOREIGN
AND INDEMNITY,
Pro. October 3rd.
net customs revenue for the first nine Reuter's correspondent learns that the
months of this year was only about Shanghai Ta 100.000 over last year's net collection for the same period, while the charged to this revenue during the first cest of foreign loins and indemnity nine months of this year is Shanghai Taxis 0,600.000 ranre than it was during the corresponding period last year.
trun
The Cabinet was still sitting at one o'chek this morning, when it was report Mr. Massey (NZ) einpihasised that miged that the outlook seemed a little. loss
The cost of foreign loans and inden Affairs 'nctified the American Minister on human nature that men will work for the ration and preferenes went together. He dark. In the meantime, the Reichstagity has risen owing to: firstly," the fall Ministry of War and the General Staff, a
not
KUESTRIN AFFAIR NIPPED IN THE BUD,
required to mect in gold the Boxer Indem. nily payments: thirdly, the fact that in. stalments for redemption of the 193 re organisation lega fell due from July this
community at large mare cheaply and more efficiently than they will work for
under the New Social Order everyone is to be happy and well-to-do.
AUSTRALIA'S LOSSES.
said there were many overseas countries, meeting fixed for yesterday afternoon has in exchange; secondly, large sums were Presidential. Wandate, was issued on the support of their own families; and
merely Dosiinions but Crown not been held. Colonies also, with the sparsest European population, which were producing the amallest amount compared with what they ought to produce, Mr. Massey insisterl that ginter preference sculd encourage production.
IMPORTANCE OF COLONIES AND,
PROTECTORATES.
Mr. W. Ormsby Giure, on behalf of the Colohies and Protectorates, pointed out that this was the first time they were- represented. In the course of a reeital of a aumauiry of facts impressing their importance. he showed that the popula tion of the Colonies and Protectorates exceeded fifty millions. Ile dwelt on their enormous potentialities as sources of supply for raw materials and as mar ketu for importa. He declared that Great Britain was specially alive to the need For becoming less dependent on America for cotton, sugar and tobacco, and men
tioned as an exauşile of diversion of Empire prxlucts that hardly an ounec of coprą from Samon was shipped to British ports, as it was practically all hought for Hamburg and utilised in Germany.
EARLIER CABLES.
HIPIRE PREFERENCE UNDER CONSIDERATION.
· Losnos, October 2nd, The Imperial Economic Conference opened, in the Cabinet offices at White- hall, and was adjourned till' Thursday after a two-hour sitting. Sir Lloyd Creame in an opening speech briefly re viewed the economic situation, and the tasks of the conference Mr. Mackenzie King, Mr. Massey, General Stouts and Mesers. McGrath, Warren, Inges and Uraishy Gore made speeches in reply.
Dealing with Imperial preference, Sir Lloyd Greatne said that any increase the
Dominions were able to make in the rate of preference world he of real value to Britain. It was nirendly established in principle in its own more limited fiscal system, and would certainly approach the question with a strong desire to increase mutual trade, ready and willing to take
|
BERLIX, October od An official statement as rends the Kuestria affair states that many youths in the districts around Berlin last week yolunteered to join the Reichswehr. Their motivea, lowever, were suspected and warnings were issued threatening vigorous steps against agitators.
='24
A warraut was issued for the arrest of the leader of the pavement ex fajor Buchdrucken, who, when be saw that his plans had been frustrated concentrated his supporters, who concealed themselves. during the right time on October 1st in an old fortress and works at Koestrin
Buchdrucker later ordered the occupa- tion of the principal points in the town and attempted to negotiate with Colonel
year.
1
TIN PLATES FOR THE FAR EAST-
LARGE ORDERS FOR BRITISH
FIRMS.
Mr. Bruce, the Australian Prime
3rd by which Merg Hsing K'ui, Chief of the Staff and concurrently Chief of the Military Affairs Bureau of the Office of the Tutung of Chahar, was wieved of his original and concurrent posts, and that the Ministry of War, hnd deprived Chief Minister, has just delivered "the funeral Adjutaus Chau Ting Ming, and Special oration over the most ambitious scheme Adjutant Wang "Kuang Chun of their of nationalisation which his Dominion has appointments, and relieved them of their over attempted. During the war that cficial duties as punishment.
4-Indemnity for Mr. Coltman's family which it proceeded to operate under ideal Government acquired a number of ships, determined by the American Government.
614,000,000-
60,000,000
AN EFFECTIVE WARNING, The Australian taxpayers, it was sng- gested by Mr. Brice, might turn fronz their own losses to the ever heavier losses. elves that they had not fared so badly. "of the Amorcians, and congratulate them. But, if we bear in mind the disparity of Population and wealth of Australia and of the United States, it is not by any much ground for satisfaction." After all, means certain that the Australians have Loxpay, October Truth, As the mult of further orders of 'tin
The Chinese Minister for Foreign conditions; there was a shortage of ton have been incurred by a country which the losses on the American State shipping plites and sheets for Japan and the Farter dated May 13th, stated that the controlled and subjected to a sovore population of 110,000,000, where thin
Affairs, in a note to the American Minisnage, and, though British shipping was is fabulously wealthy, and which has East being pland With Swanssa tim, Chinese Government accepted the Ameri
For Government's demand for an indem limitation of freight rates, the Australian Australians number less than 0,000,000. tonity of $25.000 (Gold). This sum was ships" ran free from all restraint as to
It would be a task of superogation to paid to the American Minister by the sailings al alzo 'ng to profit. We heard in nationalisation. The experiments were.
stress the moral of those three experiences": Ministry of Foreign Affairs en September 20th,
a good deal at that time of the success tried by different Governments under 5.-Canceliation of prohibition of of the venture under these exceptional in the management and operation of the varying conditions. All who were concerned transportation of currency by American conditions. But, as every business man ships, according to the Socialists, worketh
archants.
rvalisus, it is necessary to take long views under the energising and uplifting in The Chinese Minister for Foreign in commerce, and we now know the spiration that they were promoting, not Affairs informed the American Minister sequel in the case of the Austrálian State their own selfish interests, but the we ch January 10th that in future no further Fleet. The wature is being wound up, and Eare of the community at large. And yet the Chinese authorities to prohibit the course is being taken. The experiment all bankrupt, and the loses have fallen demands would be made on the part of Mr. Bruce has been explained why this the adventures have failed. They are chants for age in the eendnet of their as the following official statement indi-is not our concern. I would not dare- transportation of specie by American mer ng proved far too costly to be continued, upon the general body of taxpayers. That businies. {
دخترها
December 31st and scar until Exeter. most of the makers are booked up
JAPANESE EARTHQUAKE
DISASTER.
CANADIAN CHURCHES TO MAKE "APPEAL FOR FUNDS!
arrawa, October 2nd, All the Churches of Canada, on the Judorius, who immediately ordered the quest of the Canadian Red Cress Society, arrest of Buchdrucken and his escort, will make special referencs and no appeal Troops mobilized and the Rebels were for funds on behalf of the Japanese earth- ahut up in the court yard. One soldier quake calamity. The appeal will be made was killed and two wounded, while three on the two coming Sundays. "wore alightly injuresk. |-
The besieged Rebels, numbering some 381 including 13 Icaders then surrender ed, relieving a body of thirty men who also captured a further two hundred Rebels and arrested. Duboritz.
The opinion is ventured that the move ment has been nipped in the bad.
EARLIER CABLES. LONDON TO NEW YORK AIR MAIL
[FROM THE DAILY BULLETIN."]"
FOREIGNERS IN YOKOHAMA THEY ALSO SERVE WHO ONLY
STAND AND WAITA
Osaka, October 2nd.
די
PROPOSED £1,000,030 ROAD.
NEW MANCHESTER SCHEME
entes:-
Grots loss, year ended June.
30th, 1922 Estimated gross loss for year ended June 30th, 109
Tetri
to do more than suggest that, since we are urged to watch the working.cut £1,171,000 of: nationalisation schemes. overseas, we should take note of the figures revented“ 1,028,150 by Mr. Bruce. We may also congratulate.
oursolves that, though British shipping £2,767,150 | under efficient private management is The Corporation of Manchester is con
passing through a period of serious de sidering a scheme which is supported by
Gross capital cast of feet 914, 150,038 pression, the British taxpayers have not several important members of the Town To-day's estimated ̈market
to make good those Icsses. On the con- Planning Committee, for the construction
value
4,718,150 trary, they profit directly from the low- of a road into Cheshire, at a cost of one What do those figures indicate? They in the immediate past they have gained million
go out
level to which ferights have fallen, while
TOURING" BURGLARS.
of Manchest. The road outl
rin Northenden, and would reveal a tapital loss, which has come out involve the building of several bridges. It of the packets of the Australian people, by the many millions British ship-owners It is now four weeks since the earth-North of England. The opinion af mening; and, in addition, a revenue los of tit, corporation, lax, and excess profits would be one of the finest ready in the of nine and a half million pounds stert have paid into the Treasury in income
duty--Daily Telegraph. quake, and here are still between 125 and bets of the Town Planning Committtee is early £2,500,000; and if those leses be
that such a road
is more urgently needed fart against the profits made during the 200 foregers remaining in Yokohamn, than the proposed now Manchester to shipping boom and account be taken who, according to a correspondent of the les into Cheshire is at present dangerously apparently over £6.000.000 out of pucket. Liverpool highroad, as the Manchester out of the insurance fund, the Australians are Japan Chronicle, ccrsist of those who are congested, especially at week-ends, This It is also suggested by Mr. Bruce's sprch infirra, then who are standing by, or whom is a considerable ivice on those that this shipping, unlike the British ship. already passed involving only a quarter ping, has contributed nothing, to the unselfishly are remaining to assist those of the sum mentioned, and it is urged that Commonwealth Treasury by way of taxa- unable to assist themselves, of whom all are would save Manchester much uneasiness tion, even when during the boom it was
on account of possible irritatica among the making profits. ST. LOUISE, October 2nd.
in very great need of help with the com- employed next winter. When completed the airship ZR3 willing on of winter in food, steung warra operate on a two-day mail service be clothing and footwear. tween New York and London, according
TWO DAYS TO CROSS, THE ATLANTIC.
*
PRESIDENTIAL ELECTION
CAMPAIGA.
20 HOUSES · BROKEN INTO. ON".
"THE WAY.
Robberies at country mansions con- mitted by skilful burglare who live in "At any rate, failure is now admitted, towns will unquestionably increase in The heavy losses are to be wiped out; and number, says 'n London paper, unicas, the shins are to be handed over at the drastic measures are taken to, make these reduced valuation to a Board not less daring and swift raids more perilous to than three or more than five directors, thieves.
to a statement by Rear Admiral Blofelttioned foreigners, the latter are mostly ELECTORAL COLLEGE ASSEMBLES They will we are assured, be free from by molor-car from town into the heart
chief of the Bureau of Aeronautics of the United States Navy.
While the Japanese have hitherto
dependent upon unofficial supplies, which tre soon giving out,
There are suitable American stores
CLAN VESSEL IN DANGER
PORT ST. MARY, October 2nd. abundanes in the wharf. but officaldare Owing to a drong wind, and the vessel concerned with the relief distribution and straining, it is thought advisable to leave hampered by red tape, is moving very the Clan
TO-DAY.
what action was possible to secure that modern cluster, until the weather slowly. Still, the utnu godsill and will assembly on October 4th. Should go to a bank or other financial institu from the south to the north of England
end."
Baby Sir Lloyd Greame dwelt on the urgency
SCAR
Britain developing new markets over- The Conferenes must work out a achesno of credit facilities and financial co-operation with a view to accelerating the development of the Empire at the
time of our greatest need. He concluded by suggesting the establishment of an advisory body to discuss matters arising out of decisions of the Conferencs and the action necessary to give effect
ahereto..
THE RUHR
who will leappointed by the Government. Not caly do they make endden dashes political interference I wonder! With of the country a sort of tip and run the ships, the Board is also to take over burglary raid-but they also make long the Cockatoo Dockyard, another State and profitable tours from one end of the PERING, October 2nd.
| venture,” which cost £2,375,000 and is now preceeding apace, and 81,000,000 has no working capital, and, since the Govare getting away safely with their The Presidential Election preparations valued at £100,000. The Board will have country to another, breaking into Bouse after house in the course of their journey the collected, which is deemed erament are bolding the Debentures on booty
the full though reduced, valuation of the In che recent case burglars motored It is expected that the electoral colleg properties, it is admitted that it cannot fail to elect a President on that day, it tion and cbtain an overdraft in the branched off from the main roads occa
and saved at the best hotels. They The vessel has listed to port, wmper prevail on every side. The town will set on any day making it necessary to take all hands off itself is gradually clearing up, which, 10thy or days before Oct, ordinary way. It is provided that the rally to break into no towels of th Treasurer sin, ont ef the Consolidated houses. In at least one instance-am except for the principal streets, in largely Tano Kura preparing to go to Peking, working capital, or all guarantee an audacity to take their motorcar una It is stated by reliable autheriting that Revenue, advance to the Line a sum for historis castle in Kent they even had the an individual effort.
that Lu Chin will take charge of the advance by a bunk for working capital drive a mile and a half long and to affairs of the Inspector-General, that Wang for the Line of an amount that shall not null up within a few yards of the main The smell at many places is awful, but Cheng Ping will be prometed Tuchuu excoed 26 per cent, of the capital for the door. The occupation authorities have order-the most limanitary conditions prevail in of Chibli, and Tao Jui reinstated Cover time being cutetanding That means The only way to stop these riders is police at Dusseldorf in consequence of ed the dissolution of the Ceruan sceurity the outlying unburned out er nesly. It is reported that Tao Kun's delegate iert about oight millions eterling on better means of transmitting news of
ner of Chilli.
that the Australian taxpayers, having by a more co-ordinated police system. structed direts, where, consequent wlio went to Mukden wag tot cordially this venture, are to be called po robberies and more motor-cars for the Sunday's incidents.
prolurged heat, the flies are ingraving. | ronivel. Still, improvements are being rapidly
to find a further larga rum for working police, especially during the night, Another problems arising from the capital. That, of course, is their affair, affected, and cases of infectious disease are Presidential Election is, who is to succeed and not ours. But their experience Landon a large number of men were sent INDIAN FRONTIER MURDER lieved to be very few.
Last winter whep burglary was rile in Though the city is under murkinaw, Provinces
to the Inspectorate General of the Three not without interest, as the Socialista in mit In plain clothing to watch suburban the soldiers are litle in evidence, the night
our midst tell us it is to these young and roads for known thieves and su preta, guards consisting principally of those logical successor, but it is understood that look for guidance. Far be it for me to housebreakers, and those who escaped the Wy Pei Fu is regarded to the most outerprising Dominions that we should Thean policemen tracked down score of as orgised, immediately after the Feng Yu Heiang's merits regarding the criticiso any acts of the Australian Gov-net besime omared that they aro earthquake
oloction of La Yuar. Hung are not to be ernment, hat the consentences of those actually afraid to take part in any enter ̈ ̈(Continued at fast of next Column.) overlocked.
prize.
t
· Dizvelixmy, October 2nd.
SILA. October 2nd. Captain Baker-Jones, of the Indian Medical Servier, has been aussinated near Loralai by Wazizi faustic
acy are worth study.