Hongkong Telegraph
(ESTABLISH
1881).
FROM ELECTRICAL DEALERS
6899-
C#1N+Xƒ€+*#* THURSDAY NOVEMBER 20, 1919. 日八廿月九
REUTER'S TELEGRAMS.
REUTER'S TELEGRAMS.
THE RUSSIAN QUESTION.
| THE HIGH
THE PEACE TREATY.
AMERICAN SENATE'S DECISIONS,
REJECTION OF SHANTUNG ARRANGEMENT.
Washington, November 16.
United States alone shall interpret the Monroe Doctrine, which is wholly outside the jurisdiction of the League of Nations.
REPUBLICANS OVER-RIDE OPPOSITION.
DEBATE IN PARLIAMENT.
London, Novenüber 17. In the House of Commons, opening the debate ph Russia. Siz Donald-Maslaan urged that Russia should be left to work yuklar o salvation. He declared that the policy of intervention had failed. Bolshevista were stronger than ever. He was of opinion distin spirit of resentment at foreign interference was awike Russia, and our policy should be devised accordingly. He' phasised that the question of our future in India and the |pended largely on whether we were able to pursue our mission therd
peacefully,
|
SINGLE COPY: 10 OTS $36 PER ANNUM.
Are Co
DOLLAR.given to the commission agen-, TO-DAY'S EXC
joles and giving them out, to share gamblers. They are, therefore, not
The closin
FACTORS AT WORK RECENTLY. helping the merchants. This demand, to d
THE
INTERESTING FACTS UNEARTHED.
action has also effected exchange K because the commission agencies Forecast: refuse to exchange the inward:
bills drawn by their customers in 50.05 Temper different places because they have Humidity 2 pil. not got the money. The foreign
[" Hongkong Telegraph" Special.] The exchange question in the most common mbiect. for talk to banks rarely advance clean loans Settlements, dayin'?
The zolut to Chinese marobants; Those it~56 the
commission agencies when they big profit.
wa" deputed sell goods to Chinese houses at least 80 tive ·to glean having agencies in the Straits Straits money. of information on the Settlements, Australia and the eagle, after dedirez?
kids' reasons why ex-United States press them for all charges. hould be sparing daily payment, with the consequence The Indians, dend" the the houses here and in the interview that
have India. The incoeded in obtaining to
to their agencies
"Is not the export of gold to branches gentlemen who is well ur
foreign India from the Straits probibited!"
wire
in
The Senate has adopted the reservation withholding the assent of the United States to the Shantung arrangement, and also the reservation giving Congress authority to regulate the appointment
Lord Robert Cecil said that it was difficult to exaggerate the of Americam delegates to the League of Nations and International Commissions. It has also adopted a reservation declaring that the gravity of the international situation of Europe) present posted the undercurrents at countries to remit the money back engaired our representative
The reservations of the United
States Senale, work, we are to-day able to pre- That must necessarily have an "I have no idea. “I know thin, which had been provisionally accepted. were so went them to our readers. N effect on the exchange. This is that most of this gold finds its extensive " to almost amount to the United States The gentleman in question better illustrated by an example. way to Calcutta and Madean. repudiation of the Cot renant, which also meant the repudiation of stated that some of the big, foreign Suppose A is in exporting house. This is the worst feature of thos Peace Treaty. The position was most grave but, whatever happen-banks previously used to land coy He experts 10,000 bags
of situation.** Washington, November 16. ed, the League must continue, even though the United States deck money to the Chinese banke on beans to » sad, seks B to When is the export of gold to From the moment the closure was declared the Republican ed not to participate. Lord Robert Cecil, continuing said that the lodgment. of urity at 7temit. B then has to remit through the Straits going to end 2 majority in the Senate over-rode all opposition. The Senate has Bolshevism had been a regime of atrocious and cold-blooded per cent. per
The the banks in Australia, the Not yet. They hare large and outrage; one of hitherto adopted all but two of the Foreign Relations Committee's murder
the most bloot and latter in turn lent this out! Straits Settlements or America, stocke hers. Some more' gold is despotisms reservations including the reservation to the United States of the brutal
that had ever stained history to smaller forsigu banks at 10 per] which means that the banks have coming from America. V. The right to increase its armaments without the consent of the Council Armed foreign intervention was
absolutely impossible, and cent, thus trading at the expense to sell on the banks in these Chinese made a low of forward- of the League of Nations, whenever the United States is threatened he hoped that Denikin and Koltchak would abandon the Moscow of the big banking institutions of countries to get the money to tracks with the banks, here for by invasion or engaged in war; also, the right to permit the nation-expedition and re-organise the territories already occupied establish the Colony. The large banks, meet the bills payable in favour gold shipments rio, alm of a covenant-breaking State residing outside that State, to ing a stable Government. This would speedily have an overwhelm when they got wind of this of the exporting houses.
These roid-spacŭllure And it trade with the nationals of the United States. The Democrats haveing moral effect upon ite Bolshevist neighbours. Lord Robert recalled their loans, (which Although exchange is very very profilable: to import gold called a conference of friends of the Treaty early next week with a Cecil urged that the Government should be absolutely clear and tightened the money market favourable at present, there are from Ambrick and sand, it view to finding a compromise
definite, displaying no ambiguity or vacillation.
'considerably,) and locked up from few imports owing to the to the Streite: ~ When the $6,000,000 to $8,000,000 in notes internal strife in Chine and the metal arrives in Hongkong it is severe shrinkage in the note in the Treasury. This caused a boycott movement.
{straightaway · stlppéd to Binge- Continuing, the gentleman in-pore, and document billa'ara sentş- circulation, which is one of the terviewed said: "As I told you, on causes of the higher exchange.
the metobanka" own up, the native banks gave a small stituents there This not on Another contributory influence return to their depositors and affects the Hongkong excha is the native bank. The native advanced the money they recely- but also the crowd rath banks used to get money on de-ed at high interest to speenlators, New York onto he posit from Chinese, who were The Chinese depositors got wind the banks in. Nik paid 10 to 12 cents per day on of this fact, and demanded they hava $1,000. Tal money the banks better return, submitting eagle to HOTCHILA leut out at 30 cents daily per that the native banks were no a TT-711 $1,000 to share speculators. Their longer doing clean loan bust- the mon buy scheme of mortgage was very ness as they used to do previously; dollar attractive, for a
phare and utilized their deposits in pork – A 10-
LONDON AND PARIS MPER CONCERNED
London, November 16. The decision of the Amerieso Senate in adopting reservations practically nullifying the Peace Treaty has produced a situation which In viewed in London and Paris with much concern. The illness of President Wilson at this critical period increases the difficulty of forecasting any solution. One uncertain factor is whether the American people approve or disapprove of the Senate's overthrowing the whole labour of their President at the Peace Conference.
TEXT OF SHANTUNG RESERVATION.
London, November 16
A Washington message states that the following is the text of the Shantung reservation adopted by the Senate: The United States withholds its assent to Articles 156, 157 and 158 and reserves In itself full liberty of action in respect to any controversy which. may arise under the said Articles between the Republic of China and the Empire of Japan."
THE FRENCH ELECTIONS
London, November 16. The ten inches of snow in Paris are likely considerably to inter ere with the elections, in which over 2000 candidates, includin 431 ex-Deputies are engaged. The new Chamber will consist 626 Deputies, compared with 802 previously, owing to Alsace Lorraine nominating 24 Deputies. Only 616 Deputies will b elected to-day, as the elections for the Colonies are fixed for the 30t!. instant.
LANCASHIRE COTTON MILLS.
Colonel John Ward said Britain went to Russia for her own purposes and thereby saved the lives of perhaps hundreds of thou sands of her own men. Our sole aim in going to Russis, was to save our men, and we had made promises accordingly. Therefore we ought not now to repudiate them.
LATEST SPECIAL TELEGRAMS.
(From Our Own Correspondente.)
SHANGHAI COTTON EXCHANGE.
CHINESE BOYCOTTING JAPANESE.
Shanghai, November 20.
L
speculator, sould gas the “falljabara mortgaging, thus locking on London -malus of his scrip if he were up their money. They demanded the bar allver bigtits
The Chinese Catton Guild is boycotting the Japanese Stock Exchange, and threatening the suspension of members dealing with
it.
The Cotton Mill Owners Association has been invited to join
the movement.
The Chinese have planned an organisation to have their own Stock Exchange.
EARLIER SPECIAL TELEGRAMS,
locked
up
in
་
2 prepared to pay the interest the higher interest and threatened to plains the high rate for silver at ve banks demanded. This make a run on all the indigenous present: Coupled with thing there is a direct contrast to the policy banking institutions. This threates shortage of the white metal““ of the foreign banks, who insist, had a salutary effect, for a Who are the people specula on at least 25 per cent. mar-latter soon raised the interest ting in gold here?" enquired our
in, but lend out at 8 per cent., from 10 cents daily,per 81.000, to interviewez Chinese-owned banks. against the 20 per cent. of the 22 to 24 cents per day. The
"Thoth who are shipping gold worst part of the thing is this to the Straits Settlements are banking business has been con-money
For many years the native the Chinese banks have their practically gold leaf deslers and
tin native banks." fined to Shanghai tuel exchange and Bhares, with the result
“Then you expect the market and Canton drafts. They do very that they hat no other alternative to go up higher very little of this to-day. Pra but to accept the depositors' terms. "Yes...but there will be, viously they used to do a lot of "There is a tremendous amount reaction during the Chinese New "clean loans with Chinese mar of gold being exportet from here Year when the money market is chants which ngant that to the Straits. Within the past generally easier and when there they gaya
to fortnight no less than $8,000,000 are less export bills. money Chinese commission agencies (Straits currency) worth of gold Chinese speculators come out and without security. The native has been sold to the Banks against buy (because exchange is so banks are doing extremely little of shipment of gold to the Straits. favourable) then there will be a this now, calling up all the loans When the gold reaches the Straite reaction."
If the
AN EXPLANATION OP HIGH PRICES
London, November 19.
Replying to the vaporatavs Pequest of their views with regard to the recent sales of cotton mills in Lancashire at greatly enhanced prices, the Federation of Master Cotton Spinners report that the Melling prices were very considerably below the cost of erecting new mills, and that the effect of the higher values will be to stabilise the industry and conditions of the operatives
AMERICAN COTTON
(From Our Own Correspondents.)
SHANGHAI NEWS ITEMS.
Shanghai, November 19. Count Toulouse de Savine has been sentenced to eighteen months' imprisonment by the Mixed Court. He was convicted of forgery of the Russian Consular seal at Yokohama.
The Civic League has started a campaign for a Roads Board under the guidance of a compatent expart in city planning.
NOTHING KNOWN OF REPORTED BRITISH BOYCOTT.
London, November 15. A New York message in connection with a report from London l'es that nothing is known of the alleged formal boycott of American cotton by British importers, although instances have <ccurred where British consignees have been insisting on insurance of cotton in transit in British insurance companies, which is partly attributed to the fact that many British manufacturers are stock- holdera therein. American companies collectively have not attempted reprisals, although individuals have urged the Banks and
thers exert their influenes to check this practice
TO-DAY'S CHINESE TELEGRAMS.
THE FOOCHOW INCIDENT,~-
Shanghai, November 19. The general citizens' meeting in Foochow in connection with the recent incident, appointed the President of the Provincial Assembly to request the Tuchun and the Civil Governor to demand from the Japanese Government the removal of the Consul, an apology, compensation and the punishment of the guilty.
ALLIES AND RUMANIA,
EARLY SETTLEMENT EXPECTED.
Paris, November 16.
An Allied Note to Rumanja emphasises that the Allies expect a "decision to be reached within a week in regard, firstly, to the
CHINA AND THE LEAGUE.
Shanghai, November, 18.
evacuation of Hungary to the final Rumano-Hungarian frontier in Paris that as China has not signed the Treaty she has not the On receiving informiation that a certain power has moved drawn by the Supreme Council; secondly, the signing without re-right to become a member of the League of Nations, the overa- servation of the Austriao Treaty and the Treaty for the protection ment bas wired to Wellington Koo to make enquires. Fidf Minorities; thirdly, Inter-Allied control of Rumanian requisitions
Pin Hungary..
THE FIUME SITUATION.
NNUNZIO STILL, ACTIVE.
November 16
Imself returning to Fiumer
PEACE DELEGATE AS FOREIGN MINISTER,
Luk Ching-cheong has wired that dinister for Foreign Affairs, und, will
nba 18. accept to post a
In an the 1
HURRY, SAMI