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"After the settlement of the great matiers dealt with in the Treats, either in accordance with the existing demands, or as the result of a compromise, there ought no longer to exist any great questions of life or death, calcu lated to disturb the peace of the world or to make impossible the pose of the League.”
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EARLIER TELEGRAMS.
THE KRASSIN MISSION.
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Admitting that this standard of exchange problem is not one to be solved at one move, he laid down an initial principle for Germany itself
We ought to work 25 per cent. more and consume 25 per cent. less instead of as present. doing exactly the
Dr. Mueller made sɔme suggest are progressing and it is not expected the Committee will mest M. ions for the improvement of the Krassin until the conversations with the British Ministers have German valuta.
satisfactorily concluded. The following illuminates the al- most insuperable difficulties surrounding the question of re- opening trade with Russia. It appears that the Suprema Economic Council meeting in Paris had not yet agreed as regards the Bolsheviks' guarantees. It has transpired anent this that the British- are disposed to accept any guarantees offered, also assurances as regards the existence of Russian goods for exchange purposes. The French however are sceptical and point out that the Soviet Republic ats a federation of States hence there is no proof that goods sent by one State will not be seized by another in transit. Hitherto the Bolsheviks have not been able to give guarantees against the in- securities and chaos prevailing in Russia; moreover the Council wants assurance that neither ships nor cargoes will be seized upon reaching ports; furthermore the French urge that gold cannot be accepted sa payment since it belongs to the creditors of Russia. The Krassin mission has already proved its inability to find a trade basis in the exchange system. It is also doubtful whether the groups of Russian States will recognise M. Krassin as their mandatory. M. Krasain is the only cultured man of the members of the Mission: the others are of inferior social status and the Mission is accompanied by a score of experts who are not Bolshevists but mostly officials of the old regime who are obliged to serve the Bolshevist administration to get a living.
reverse.
The Customs" hole in the West' Has been a ruinous matter far 19.
"Vast amounts of luxuries bave been imported. rubbing us, in Leffect, of huge sums of money, with which we might have bought raw materials and real beces
|saries."
Further, the existence of that hale has greatly facilitated the flight of capital from Germany.”
PILINO CP MARKS ABROAD.
Explaining this "flight of capital," Dr.Mueller said: "Often when a man exports certain goods through this bole.' instead of actually receiving the payment) here in Germany, he allows it is be placed to his credit abroad.
"In effect, this money, then, constitutes a certain amount of German capital abroad.
"Owing to the way in which the system operates, the German Government has no knowledge of
GERMEGN AIRSHIP FOR BRITAIN,
Loaden, June K
In the House of Cogimona, reptying to Mr. Kenworthy and Lord Carzon, Mr. Churchill said the German airship L 71 had not yet been presented but it was expected to arrive in England shortly. The British airships under construction at the end of the war which it was decided to complete on account of the money spent on them were R 36, 37, 38 and 20 of which R 38 would be handed over to the Laited States when completed, under a purchase agreement. Work on the others was proceeding slowly in anticipation of their employ- ment commercially. It was expected that valuable information would be obtained from Lil which was one of the most modern specimens of German research.
Replying to questions as to the delay in handing over this the existence of this capital. If vessel. Mr. Churchill stated that he was not dissatisñed with the way it were known to the authorities in which the Germans were carrying out this portion of the Treaty they could say to the owner,
You have 50 much
money abroad: we want to use it to buy raw material.""
GERMANS MAY COME AGAIN."
Another remedy suggested has.
reference to the seizure of Ger man property in former enemy countries.
"Italy and America." said Dr. Mueller, will not follow be practice of the other former lebemy countries. They will give
Germans back their property. 42) that Germans may come in and work it again.
BRITAIN'S AIR SUPREMACY.
London. June 8.
The Lord Mayor presided at a meeting for the inauguration of an Air League of the British Empire at the Mansion House when a resolution was passed upanimously pledging support for The League.
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EARLIER TELEGRAMS.
RE-DRESSING 1HE BRITISH ARMY..
London, Jane &
la the House of Commons, replying to questions with regard to the decision to re-uniform the Army similarly to before the war which had caused criticism, Mr. Churchill stated that fall dress would be immediately reissued to the Guards and Household Cavalry owing to their ceremonial duties. This would involve an avoidable expendi ture of £130,000 but the abolition of their full dress would mean a los of fully £30,000. The re-clothing of the rest of the Army would be spread over four or five years and no existing stocks of khald would be wasted as khaki would remain permanently the working service
of the British Army carried with them a sense of continuity and regimental tradition which was good for recruiting and discipline. The Army's re-clothing was well worth while if done thriftily.
General Seely declared that in 1913 Britain was incomparably dress for the whole Army. He contended that the bistoric un forms the best equipped in the air of all nations. He added that to-day the position was serious. The State had practically gone out of the business and suggested that the national defences were suffering from sloppy control and lack of coordination.
NO WAR WEALTH L.VY.
London. Juce 3.
Replying to further questions. Mr. Churchill said he had never intended to abolish the Irish Guards but the condition of recruiting of the Welsh Guards had raised the question of the continuance of the Regiment. The Army Council had reserved judgment thereanent.
EMPIRE TRADE.
London, June 8,
In the House of Comm. Mr. Chamberlain explained the Government's decision not to impose a levy on war wealth. He pointed We hear a lot about providing out that as payment could be made in Government securities the levy Germany with raw materials to could get materially reduce the Boating debt. He emphasised the
At the Mansion House Mr. Watt, treasurer of the Australian enable our people to work, and fears of business with regard to the effect of a levy and stated that Commonwealth, moved a resolution cordially endorsing the proposal about markets for our exports, so the Excess Fronts Duty would produce.twice as much as a levy in the to hold an Exhibition in London in 1923. He said that for many that a can pay the jodemnities. same period. He now proposed to maintain the Excess Profis Duty years the trade of Britain with the Dominions had been relatively "Well, what better agencies at sixty per cent, this year and continue the Duty or its equivalentsbrinking as compared with the trade of the Dominions with foreign for the securing of
for a longer period than would otherwise have been necessary. Mr. countries. That tendency ought to be arrested and reversed, materials on the one hand and Chamberlain paid a warm tribute to the manner in which the rich Australia's spirit was one of preference to the old country on grounds disposal of our export goods had borne their financial sacrifices and gave figures showing that in ef high sentiment and also on more mundane ground (Cheers),
the other could be em-some cases only about 5, in the ponad were left to recipients of large ployed than those firms of oursieres after their taxes were paid. abroad which were in touch both with foreign markets and por firms at bome ?
on
"Surely, what Italy can doļ England
EUROPE'S BREAD CRISIS.
London, June 3. Wa Kizazilialian towns against the increase in the price of breat zre regarded as the first manifestation of the bread crisis threatening Europe. The Agriculture Bill is not altogether favourably received as a solution of the problem of stimulating wheat growing in England. agriculturists spining that the Bill in its present form will not in-
ease the corn acreage.
not asking for ang free gift.
"All suggested is that the English Government should rey tore the seized businesses of Germans so their former owners under certain conditions, and allow them to be worked under lease and control."
ANGLO-JAPANESE ALLIANCE.
London, Jane 9.
Sir Robert Horne said, the Board of Trade and other Government Departments were determined to give the Exhibition every support in their power. He emphasised the necessity of in every developing markets for British products.
The resglation was carried with only two disaratients..
BRITISH TRADE BOOMING.
London, June 8.
way
The Board of Trade's returns for 3ay show that exporta totalled |2119,313,000 as compared with £64.244.000 for May 1919 and £13,853,000 for May 1913. The exports for May this year constitute a new record, the previous highest being April, 1920 when they totalled £106,251,000.
נק
The imports totalled £166,333,000 as compared with £135,612,000 in May last year and 261,219,000 in May 1913.
The increases in exports include cation goods by £20,187,000,
"There will bave to be somet
It is pointed out that the Anglo-Japanese Alliance expires in business connections between the July, 1921. There is reason to believe that both sides in view of the two countries, and bone better changes effected by the war and the existence of the League of Nations woollens £5,070,000 and iron and steel manufacture £6,574,000. The could be devised thap such firms are not averse to modifying minor points of a technical character total increase in manufactured articles was £50,692,000 as compared as those mentioned."
although both recognise that the continuance of the Treaty is im|with May, 1919. Of the industrial outlook, Dr. [portant. It is pointed out that Article. Four dealing with general Moeller spoke in optimistic Arbitration Treaty was added when the alliance. was revised terms, though qualifying his in 1911 in order to exempt the United States from the application of views by the assumptions of cor- the agreement but as it has never been enforced it may be necessary tain favourable conditions.
to employ another formula.
"The German workers," he declared, "will return to their formerstandard sooner than most people expect.
JAPANESE IN USA
Washington, June 3.
COST OF THE WAR,
London, June 2 Mr. Edgar Crammond, lecturing at the Bankers' Institute, estimated that the real cost of the war was: Britain, £3,500,000,000 sterling; France, £5,450,000,000; Italy, £1,900,000,000; Belgium," £500,000,000; Germany, £3,700,000,000, the equivalent of 127 per cent. | of Britain's national wealth, 25 per cent, of the French, 20 per cent. Members of the Immigration Committee of the House of Repre of the Italian and 26 per cent, of the German. He pointed out that "Indeed, I think they will be sentatives who were appointed to investigate Japanese immigration the moderate decrease in the wealth of the United Kingdom was the first to recover, provided that to the Pacific states declare they hope to secure evidence justifying offset by a substantial increase in the overseas dominions and posses they are adequately fed in the the enactment of the Japanese Exclusion Bills now before Congress.sións. The estimated wealth of the Empire was £44,080,000,000 as hard months of April, May and
compared with £24,986,000,000 in 1910 and the annual income was Jane."
£7,850,000,000 as compared with £2,332,000,000.
INDUCEMENT TO WORK.
PERSHING WANTS MORE WORK,
Washington, June 8. General Pershing has requested permission to retire in order "To Replying to the saggested be free to engage in something more active." danger of the German workers Efising to produce "for the benefit of the Allies," as the saying goes, Dr. Mueller said- (Continued on Page 3)
CANADA'S MERCHANT-MARINE.
London, June 8, The Times" forecasts the Canadian Government – marchan IRISH RUMS,
marins will shortly institute' cargo services from Atlantle ports via London, June 8,
the Mediterranean to India, Czylón -and the Straits Betfleiriomis The courthouse at Lismore, Co. Waterford, the property of the between Atlantic parts and South Africa, and between P Duke of Devonshire, has been burned down Fatrol and high ex the Far East, and Calcutta It will also consider plosives were used.
passenger ship services across the Preife to the Far Ea