THE HONGKONG DAILY PRESS,
CABLE AND WIRELESS
NEWS.
[BRITISH WIRELESS `SERVICE]" CAIRO" TO CAPE TOWN. ROYAL AIR FORCE FLIGHT
BEGINS IN MARCË. -
RUGBY, February th
A Royal Air Force fight from Cairo to Cape Town with four machines is dus to leave Heliopolis aerodrome on March 1st, and both the personnel and aircraft are now in Egypt.
POSITION IN MIDDLE EAST. GREAT BRITAIN'S POLICY IN
EGYPT AND IRAK.
Ruday, February 8th. Mr. L., S. Amery, Colonial Secretary; spoke at Leeds on Britain's position in the Middle East. He said that. Great Britain could not get out of Egypt Sir Austen Chamberlain, the Foreign Secretary, had found it necessary to make it clear that, whilst Great Britain desired to encourage, Egyptian national
{THROUGH REUTER'S AGENCY-] HOUSE OF COMMONS. LIBERAL AMENDMENT TO ADDRESS REJECTED.
LONDON, February Sir John Simon (Liberal, Spen Valley) moved the Liberal amendment dealing with education when the debate on the Address in Reply was continued.
The amendment particularly took ex- ception to the recent substitution of block grants for a percentage graat, which it was considered would paralyse
educational progress,
WEDNESDAY, FEBRUARY 10TH, 1926
GERMANY "AND LEAGUE,
APPLICATION FORWARDED. TO
GENEVA
BERLIN, February 8th The German Cabinet' bas yuanimously approved of the text of Germany's ap- plication for admission to the League of Nations, which is being forwarded to Genera to-night.
!!!
FAR EASTERN CABLE FORTUNES MADE, AND LOST
NEWS.
!{THROUGH REUTER'S AGENCY.]
BOYCOTT IN PHILIPPINES.
- PUBLIC URGED NOT TO BUY
AMERICAN GOODS.
MANILA, February 9th.
IN HONGKONG.
THE TIME TO RETIRE.:
[OY AN OLD RESIDENT.}
Many of us who have often heard stories of how our lucky friends solved the "got tich quick" problem must have taken more than a little interess in some dir- closures recently made in the local Bank- ruptcy Court.
WHAT GERMANY CAN DO..
A mild boycott of American retallors
A witness was giving evidence about. BERLIN, February 9th."
is reported during the last few days. the methods of shareholders in Hong- A semi-oficial note with reference to One speaker at Roxas yesterday urged kong. The facts appear to be fairly Germany's application for admission to his audience not to purchase goods from simple. In 1991 a well-known business the League of Nations deprecates American dealers opposing independence man started as a stock and share broker. His assets appear to have been $57,000 Sir John Simon argued that the pro- cherishing illusory hopes of what. Ger-
One American firm at Escolta is plan-in cash and local property and £7,000 The flight is purely a service operation ife, she wished Egypt to understandposed grant of a fixed sum encouraged many can attain through membership. |
a backward educational authority to do but declared that Germany can work ning a sign: Money spent bere will not worth of shares in London. His earnings
£72,000 in 1921 and $135,000 în 1994, a little as possible beyond complying within the League on international ques be used to oppose your aspirations; we from brokering were 853,000 in 1699; In May, 1825, there was a credit balance with the minimum requirements. He tions like the revision of impracticable are in business, not politics."
treaties, whose maintenance · endangers The Filipino Veterans' Revolution Party or $195,000 which had since heen convert- contrasted this move, which he declared the peace of the world, and co-operate in represented a new policy, dictated by an universal disarmament. Furthermore, the bas tabled a resolution censuring Govered in a revised deficiency of 81,500,000.
neral Wood and refused to join individual who read the case must have The first thought of any sympathetic embarrassed Chancellor of the Eache League has taken over a number of no
almost certain that but for local political troubles quer, with the latter's generous policy special problems which are vitally im coaution of Nacionalista and Democrata been hard. Inch "I seems
Parties working for immediate indepen- the broker would have retired in a few. toward Italy in connection with the portant to Germany like the administra- debt settlement agreement at the expense tion of the Baar, the security of Danzigdence, though it endorsed the latter in racial minorities, and colonial mandates, af the British taxpayer.
a share in which the German people
designed to test the general organisation. It does not aim at spectacular results: but the value of the fight of British aircraft, flying over and landing in long chain of British controlled territory which extends from north to south
4
cannot be overestimated.
The schedule of the trip provides for stays of two to three days at almost every place of importance.
The machines chosen for the fight are Fairey Third D. aeroplanes fitted with land undercarriages, and Napier Lion 450 borse-power engines.
The total mileage of the fight is 5,206, and the principal points en route are Assuan, Khartoum, Malakal, and Mon- galia in the Soudan; Kisuma and Mwanza, on the verge of Lake Victoria; Tabora, in Tanganyika; Abercorn, Broken Hill, Livingstone, and Bulawayo, in Rhodesia; Victoria, and Jobannesburg, in the Transvaal Bloemfontein in the Orange Free State; and Cape Town,
By arrangement with the Belgian authorities the machines will fly over a portion of the Belgian Congo in order to avoid the detour which would be neces sary to remain in British territory.
A period of six weeks has been allowed for the journey in view of the many long stops.
The route is mainly that followed by Mr. Alan Cobham, who is now delayed in Johannesburg owing to the illness of his mechanic..
HEALTH INSURANCE: REPORT OF ROYAL COMMISSION NEARLY READY.
Ruary, February 9th.
The Royal Commission which was ap- pointed last Summer to report on the whole financial structure of the Health Insurance Acts has now completed its task, and its report is expected at the end of the month.
that she must pay regard to rent Britain's Imperial rights and respon sibilities both in regard to the safety of British communications through Egypt and the British position in the Soudan
With regard to Irak, Mr. Amery said that, whereas we had costly armies there few years ago, we now, kept it secure by a mere handful of troops and a small but efficient air force. Recent develop ments had been carried out not by a high hand imposed on an unwilling people, but by the people of the country them selves with the aid of British officials. The country was now in a position to pay its own way, and cothing stood in the way of greater development except a certain want of security as to the future. The people of Irak had asked what we were going to do at the end of 1928. Were we going to quit the country with out any future form of co-operation, or were we to renew the present Treaty in some form and give Irak considerable security! They were also anxious to know whether they were to retain their present frontiers or whether Britain would hand over, certain around Mosul to the clamour of the Turks? These two questions; had now been cleared up.
portions
The Council of the, League of Nations, by a unanimous decision, had held that the case of Irak was a good case. They added that Great Britain should not clear out of Irak at the end of 1999, but would continue her co-operation with that country. He believed that, so far from creating a new war, that settlement was providing the basis for a future friendly understanding with Turkey, against whom we bore no grudge, and
with whom we wished to continue to live on terms of complete friendship.
Referring to Falcifine, Mr. Amery said that Great Britain had undertaken to provide the Jews with a national home paly on condition that they indicted no harshness or injustice on the Arab population. That was Great Britain's | policy and it would be continued.
WIRELESS OPERATORS' STRIKE LABOUR DEPARTMENT MEDIATES
FOR SETTLEMENT.
Rucay, February. Sth. Mr. H. B. Betterton, Under-Secretary for Labour, stated in the House of Com- moas that his Department had been in Constant communication with both par- ties in the marine wireless dispute with a view to arranging a settlement.
There are about fifteen million insured persons under the State scheme, which is on a contributory basis and provides medical, institutional, and money bene Ata during sickness The medical benefit is administered by 15,000 doctors, and mány thousands of chemists acting underless Operators Association had inform Insurance Committees.
Some far-renching administrative changes, will, it is anticipated, be recom- mended by the Royal Commission, and the Daily Herald believes that extended benefit, providing for dental and other specialist treatment, may be proposed.
EMPIRE WIRELESS. LINKING UP SMALL OR ISOLATED COMMUNITIES.
The position to-day was that the Wire
|
Lord E. Percy (Conservative, Hastings) replying to the debate, said that the pre-justifiably cluima. sent grant system was unsatisfactory, and the block grant system was obvious development of the system,
the present
The Duchess of Athell (Conservative, Perth and Kinross, W.) said that the Government's action was due to the state of the country's finances because the Government must know how much it had to provide for education each year. The Government hoped to resume the full programme at the earliest possible.
The Liberal amendment was rejected, the division resulting:
Against For
Majority
co 135
149
The Address was thereupon, agreed to.
TRADE FACILITIES ACT. EXTENSION OF GUARANTEES BY
GOVERNMENT.-
LONDON, February 8th,
A White Paper Announces that the Government proposes to extend the period in which guarantees may be given under the Trade Facilities Acts: from March 31st next to March 31st, 1927, and to increase the total capital amount of
loans the principal or interest of which may be guaranteed under the Acts from | £70,000,000 to £75,000,000.-1
ROYAL INDIAN NAVY. TO BE CREATED AS COMBATIVE FORCE
DELHI, February 8th.. Addressing the Council of State, the Viceroyannounced the reconstruction of the Indian Marine and the creation of the Royal Indian Navy as a combatant force, flying the White Ensign, in which Indians will be commissioned.
DUTIES ON SILK.
LONDON, February 8th. In the House of Commons Mr. Ronald
McNeill stated that the total net revenue' from silk duties to January 31st was 163,000 including £448,000 excise duty on artificial silk.
KRASSIN'S ILLNESS.
PARIS, February 8th, The Soviet Embassy says that the blood transfusion with which M. Krassin (Soviet Ambassador-elect to Great Bri-
tain) is being treated is producing the desired effect, but a loaz rest
necessary.
is
FOOTBALL. AT HOME. the TWO SECOND LEAGUE MATCHES.
"It is estimated that on March 31st next the authority for £5,000,000 guarantees will aot be used. Therefore, maximum contingent charge on the tax payer under these proposals to be charged for interest and redemption will be a sum of £10,000,000,
It is also proposed to extend the data during which the Board of Trade may give guarantees" under the ¿Overseas Trade Acts and the date to which guarantees may remain in force from September 8th, 1996, and September 8th, 1930, to September 8th, 1929, and Septem- ber 8th, 1933, respectively.
ed the Department that the proposals of The Overseas Trade Acte authorised the employers were unacceptable. Both the Board of Trade to make arrange- parties included, a reference to arbitraments in connection with export trade tion in their proposals, but differences for granting credits and giving gust existed as to the basis of arbitration and antees to an amount not exceeding as to the terms on which work was to be £26,000,000, reaumed.
A communication had been sent to the eraployers to-day, and it was hoped that it might be possible to arrange a joint meeting when their reply had been
received.
SOVIET AND DISARMAMENT. RUGBY, February 9th. Professor Eccles, who is a leading
ATTITUDE QUESTIONED IN authority on wireless, suggests in a letter
HOUSE OF COMMONS to the Times to-day that a further step toward maintaining intercommunication
RUGLY, February 8th. within the Empire could be affected if
Questioned in the House of Commons the smaller, or isolated communities in the Empire were equipped with inexpen- as to the attitude of the Soviet Govern- ment toward the preliminary discussions sive short wave stations, which would enable them to communicate with each on disarmament, Sir Austen Chamber- other and to reply to Rugby station.. laia (Foreign Secretary) said that so He points out that wireless links pro- far as he was aware the Soviet Govern- vided by the completion of the high power meat had not yet officially replied to the station at Rugby, by the erection of invitation to take part in the prepara British and Dominion beam stations, and tory commission for the Disarmament by the re-organisation of Oxford, Cairo, Conference. He understood that it ob and Northolt stations, provide, togetherjected to Geneva as the place of meet with the elaborate net-work of cables, ing, as it was not in diplomatic relations almost continuous telegraphic communica with the Swiss Government. The British tion between the larger communities of Government had not had occasion to the Empire. The short wave stations he express an opinion on the subject. He suggests for smaller communities would, hoped that any difficulty would be re- he estimates, cost less than, 82,000 each moved before the date of the meeting,
to equip.k
FLOODS IN ENGLAND.
RIVER NEN BURSTS ITS BANKS.
Ruday, February 9th.
BRITAIN AND ITALY.
IMPORTANT STATEMENT BY PRIME MINISTER.
www.
Ruory, February 8th,
ITALY AND · GERMANY.
MUSSOLINI'S SPEECH RAISES. STORM.
LONDON, February 8th.
principle. This is taken to mean that the Veterans will oppose the Legislatures' policy of non-co-operation with Governor General Wood.
PEKING CABINET.
years with a substantial fortune.
BOOM AND SLUMPS.
There is a story, still current, of a lucky broker who was caught in the slump that followed the declaration of war in 1914. He just managed to tide over the slump. Then came the boom years. In 1919 be retired (according to his intimate friends) with a fortune of £100,000.
"I did not come out here for the bene- ft of my health is a common enough HIDES FROM A THOUSAND YAMEN saying in Hongkong. We feel that, after
OFFICIALS..
PERING, February 9th. More than a thousand Yamen officials besieged the Cabinet Office this morning, demanding their back pay. Consequently the members of the Cabinet failed to show up for to-day's regular Cabinet meeting, which will either be postponed ar held secretly at the Premier's residence..
EUROPEANS CHARGED. MORE MOTOR CASES IN COURT. Before Major C. Willson at the Central Magistracy yesterday, Mr. CH. Hoare, of the Dragon Motor Company, was sum- moned for driving a motor car in a manner dangerous to the public on January 5th.
2 years in the tropics, we ought to be able to enjoy a care-freo fe at home." Many of our friends have done so.
A MODEST AMBITION :
For many years this problem of when to retire has cropped up in discussions in the Clubs and at dinner parties in this Colony. There were only two men who never were interested in the matter. They appeared to prefer to finish their days in this Colony They are both now at peace in the Happy Valley and, if it was their ambition to fight the last great fight in Hongkong, they achieved it. Their names were Matthew John D. Stephens and Montague Ede."
If you bad discussed this subject of retirement in the "boom" days of 1920, you would have beard many a man say I shall go when I have got £50,000. In those times we had stories of Tom, Dick and Harry who had been lucky enough to collect twice that amount. My own modest nintuition, even in those hectic days, was to make sure of a certain £1,000 a year for the two of us, with an eddi-
tional £300 a year for each child that we must educate.
TEE COST OF LIVING
Sergeant. T. McMahon gave evidence often unpleasant, but they must be faced..
Two Second Division "football matches us to Mr. Hoare passing him at a speed will never again he below those of May, were played to-day with the following
resulta:---
Oldham, ; Darlington, I. Wolverhampton, 4; Notta Forest, 0.
[REUTER'S AMEXICAN · SERVICE] NEW YORK STOCK MARKET. ADVERSE FACTORS "ASSIST A BEAR RAID.
NEW YORK, February 9ti- After several weeks' slow and gradual advance heavy declines in many stocks have occurred in the Stock Market, to-day as a result of a bold raid by the bears, who were assisted by several adverse
of between 25 and 30 miles per hour in Wongnichong Road on the day in ques tion, and a fine of 810 was imposed.
Mr. S. J. Squire, of the Hongkong Electric Company, was summoned for reckless driving on January 13th, and was fined $5.
FUEOREAN JUMPS OVERBOAED. A PASSENGER ON THE “TEESTA."
The Teesta which arrived at Madras
factors, including, the announcement from the Straits on January 23rd, re that the Government was planning to in- BERLIN, February 8th.- yestigate the Ward, Baking merger and ported that while sailing near Porto Novo on the previous Thursday one af The German newspapers are up in
by rumours that the proposed merger of
the European passengers on board, Mr. the Postum Cereal Corporation and the ΟΠ arms against Signor Mussolini account of his speech in the Italian California Packing Corporation had. Braudlough, stated to be a pub lisher travelling from Penang to Madras, Chamber, the Nationalists describing been declared off.. him as a 26
megalomanine and amateur These two stocks crumpled precipitate- jumped overboard and was drowned The ship immediately lowered her boats many, being disarmed, is unable to give Ward Baking's eleven points. politician," and declaring that Gerly, the California Packing Corporation's and over one, and a half bour's search stock falling over twenty points and
Sanproved futile. It is reported that ex the reply which the speech deserves.
The rest of the market declined cept that at times he looked depressed The Democrat papers are also very bit ter. Whilst not trying to excuse the sympathetically; but signs of a recovery during the voyage no reason is as yet Bavarian Premier, whose incursions into appeared during the last hour. Oils forthcoming as to why Mr. Brandlough foreign politics caused the attack, they and railroads noticeably made a parti- jumped overboard. declare that the Italian Premier was not cularly good recovery. justified to indulge in such' insulting attacks on the German nation." The caustically remark that the speech is scarcely calculated to do Mussolin honour as a signatory of the Locarno agreement and the spirit of Locarno ap pears to be gradually waning,
It is generally felt that Mussolini is making a mountain out of a molchill as the German Government itself does not approve of the Bavarian campaign,
Dr. Stresemann (Minister for Foreign Affairs) is expected to reply in the Reichstag on Tuesday.
REPLY IN PUBLIC.
BERLIN, February, 8th. The German Cabinet spent most of
- INJUNCTION REQUESTED.
BALTIMORE, February 9th petition in equity under the anti- trust laws has been filed in the Federal the Ward Baking interests and others Court requesting an injunction to prevent
from forming &
"huge combination in the baking industry.” --- Ward Food Products Corporation, which Seven Corporations, headed by the was incorporated in Maryland last week dollars, are named in the suit. The at an assessed capital of two billion
petitioners include Attorney-General Sargent
The action is unique, as it is seeking to prevent a combination in restraint of
LADY LOST OVERBOARD,
TRAGIC INCIDENT: “ON.
" HECTOR'S / VOYAGE.
It seems that it will be more difficult to put by far old age in the future than in the past in this Colony. Facts are We may be quite sure that food prices 1995. We may save a dollar or two a month on wages, although in the wearing. down process the Chinese servant invari ably wins. We shall have to live in more, economical manner. There is the old proverb about cutting one's coat according to one's cloth, but it is unplea want to give up the little harmless luxuries. We shall be compelled to do it unless things look brighter in the near future...
THE DREADED TAX
Many people stay out in the Far East" because of the income tax If you liye. in England to-day you pay less in tax on the same income from investments than a year ago. It does seem hard to hand over £132-10-0 out of £1,000 to the tax- collector. If your income is £1,600 you must pay up £232-10-0. So that if you have to educate two children of ages from 12 to 20 years, you will find that your income of $1,500 a year is reduced to less than £700 It will cost you a good average of £300 a year per child in these days at a public school and more at a University. It seems only right and Proper that the gentleman with an in come of £100,000 from investments should. shell out £47,000 for tax it looks much more just to most of its he want to retire, than does the demanik for 1232-10 out of £1,500 a year
There is, it is true, some slight allow ance for each child, but it is very little.. Experience teaches paterfamilias that any estimates about the expenses of chil- dren are more usually exceeded than the reverse.
THE DAILY GRIND.
It seams, therefore, that we shall have to go on working until we can reach the When the Blue Funnel steamer Hector | £3,000 a year income, exclusive of the arrived at Penang recently the Captain expenses of the children. That, in actual. disappeared overboard during the voyage able to support themselves. reported that a European lady passenger fact, means waiting until the children
ont. It was understood that the deceas- her husband and children. ed lady was bound for Shanghai with
SIAMESE MINISTER.
Zare
If we wish to feel really safe we shall: invest our savings in War Loans. We.. then obtain interest at five per cent. : that means having a capital sum of £20,000 In these days it is not easy to save that sum. On the other hand few of; as have any desire to stay in the Far- East after we are so years old. In the
batantially all the wholesale bakeries DEATH FROM TUBERCULOSIS IN end we shall probably make up our minds
The wet weather, which has persisted The Prime Minister (Mr. Stanley for the past fortnight, has resulted in considerable flooding of English rivers. Baldwin) stated in the House of Comite time to-day discussing Mussolini'sade. The alleged plan was to bring
Most serious respits have occurred in mons, in reply to a question, that no speech, and its decision to reply in open
in the country under a single head, thus the Midlands and Northampton, where political or commercial arrangements or session in the Reichstag on Tuesday is the streets are flooded owing to the river concessions had been entered into with generally approved,
eliminating all competition among them The speech is unanimously described for AMBASSADORS' EXPENSES. Nen bursting its banks,
the Italian Government in connection
as an unjustified attack on Germany, " with the war debt settlement.
whose opinion, it is reported, is that it w
REVELATIONS BY LATE DR. expressed such words as would formerly con have been regarded as a threat of war.
PAGE'S SON, HEPRISALS IN MUNICH
The valley of the Trent is also inun- dated, and, although the authorities have taken every precaution to deal with the rising waters of the Thames, it is expect ed that the results of the week-end rains will be felt to-day
BRITISH INDUSTRIES FAIR.
LONDON, February 8th.
FATAL AIR FLIGHT. PILOT KILLED AND LIEUTENANT
WASHINGTON, February 9th. INJURED
Giving evidence, before the Foreign The Daily News correspondent in Affairs Committee in the House of Re BuGay, February 8th.. Berlin states that as a result of presentatives, which is considering the The Air Ministry announces that ae Mussolini's "anti-German - speech shop Bill to appropriate 80,000,000 to con- The organisation of the British Indus the result of an accident to a Bristol keepers and housewives at Munich have struct Embassies, Mr. Frank Page, son tries Far, both in London and Birming-fighter at Heliopolis Egypt, on Satur begun a boycott of Italian oranges, and of the late Dr. Page, Ambassador to home new practically complete. An day last Flying Officer Tremellon (pilot) the following notice has been posted in Great Britain, declared that it cost his exceptionally large number of inquiries was killed and Flight Lieutenant 8tur railway stations: Germans who pro- father 48,000 a year to run the Embassy
ley Simpson was seriously injured. pose to visit Italy are traitors." has been received from foreign buyers.
Rcorr, February 9th
in London on a salary of $12,000.
AMERICAS
WASHINGTON, February 8th The Siamese Minister, Phya Buri Navarasth, has died of tuberculosis at Saranac Lake.
After his cremation the ashes will be
taken-to-Siam.
AMERICA AND RUBBER
New Your, February 8th.
that, however small the income, we shall retire not later than at that age. The annoying part of the business is that, at the back of our minds, there is always. the feeling that, when we really do retire, we shall regret it. It is not easy to trans- plant an old tree. We are probably much more happy in our eager endeavours to collect enough of the handy stuff." so that we may retire, than we shall be in retirement. England is a delightful prospect for the Far Easterner with a fortune. Perhaps, after all, those of us who have but a small income had better?" reconcile ourselves to stay in Hongkong
Additional facilities for dealing in where, at least, there is no income tax rubber will be available on February The temptation is to gamble in the 13th when the New York Rubber I share market. Recent revelations are a
warning to all of us.
Exchange opens for business.