L
Dutch Bow White and Red Lead
The
SIST
Hongkong Telegraph.
THE BALFOUR NOTE.
ANDERSEN, MEYER & CO LTD
FOUNDED 1881
12.48S
五拜 號四月八英美 FRIDAY.
AUGUST 4, 1922.
HOME AERIAL DEFENCES.
Extension of Programme.
(Reuter's Service.)
London, August s.
America Says "No."
STRONG U.S. PRESS COMMENT.
(Reuter's Service,
Washington, August 3.
日式十月六
SINDLE DOPE : 10 CTR.
130 PER ANNUSA
AMERICA'S INDUSTRIAL DISPUTES
Government Waiting and Watching.
Reuter's Service.j
· SHERWIN-WILLIAMS "PAINTS & VENISH
Washington, August 3. ́
SWATOW DISASTER.
TERRIBLE TYPHOON
DAMAGE.
Heavy Loss of Life.
It is generally "expected "that President Harding will, await In the House of Commons, Mr. Lloyd Georga stated that the Government had decided to adapt the Air Ministry scheme pravid-|further development jboth of the coal and railway strikes before ing fies hundred machines for Home defence at an increased cost of making another more. It in thought that theTM President wishes to £2,000,000 annually, of which £900,000 will be supplied from the Air give the railway executives a reasonable time to demonstrate (FIVE STEAMERS ASHORE.
whether they can meet the situation without the moessity for some Ministry economies,
Considerable orders for the execution of the programme will be drasticasep by the Government like assuming control of transporta- The typhoon of which Hong- placed privately during the current year. The question of further tion. At the same time it is stated that the Administration in kong had warning on Wednesday expansion will be considered in the light of the financial situation carefully watching the situation, and will take advantage of any struck Swałow, with disastron
loophale presenting itself with a view to a settlement in 1923 and the sit policy of other Powers.
JAVA'S RUBBER OUTPUT.
British and Dutch Plantations Contract with American Co.
The Treasury officially announces that the Balfour Note will not change American policy towards foreign debts.
New York. August 3. The following are some press comments on the Balfour Note The Tribune says that the general cancellation of debts would mean that Uncle Sam would bear the burden of letting Germany off. The New York World says that Lloyd George has announced the failure of his conference with Poincare before it has started and tried to throw the hame on the United States, which may be a capital blunder. If the Note represents the unalterable position of Britain there is no hope fra settlement of the European situation.
London, August 3. American opinion is not ready for a general cancellation but it is gradually becoming ready for the cancellation of really uncollectable
British and Dutch plantations in Java hare concluded an debts, hat will act only when it has been demonstrated that Britain, France and Germans have definitely started on a return to economic agreement with the General Rabber Company of New York by which the latter agree to take the entire output of standard rubber Sanity.
"The New York Tours says the Note jars American ears, intimat- of three companies from October 1st. to the end of 1924 after provid- ing that the United States is a hard-hearted creditor standing in the ing for existing contracts.
The rubber is deliverable ex-godown on the estate, the price to way of a general and generous forgiving of debts which the British
The outright be the average of the daily spot quotations in London for standard Government would be only too happy to undertake. cancellation of war debts by the United States is at present political-quality, calculated monthly, with a minmum of 8d. per ib. ly impossible. American sentiment in favour of ca cellation may yet be developer and then will be found that the United States is not so mercenary and unmpromising as the Note implies.
Position of Reparations.
Looden, August 3.
THE NEAR EASTERN STRUGGLE. Allies Avert Greek Advance on Constantinople.
Constantinople, August 3. Int House of Communs, detailing the present position regard- ing reparation, Sir Robert Horne said he understood that Germany,
The threatened Greek advance on Constantinople appears to Allied posts for the most part, had met the requirements of the Reparation Com- mission but an arrangement to prevent the flight of capital was have been averted in consequence of Allied measures. easier said than done. Germany bad hitherto paid £415,000,000 in- Everlooking the Chatalja lines have been reinforced by British. French eluding cash, ships, the Saar mines, etc. Britain had obmined £56,- and Italian infantry and cavalry. These have taken up positions on 1,000 thereof, of which practically the whole had been spent on the the frontier, which is entirly quiet. It is estimated that twenty armies of occupation. Britain had bitherto collected £6,000,000 thousand Greek troops are concentrated outside Constantinople. under the import dutisa imposed by the Reparations Recovery ACL
OIL DISCOVERY IN FRANCE. Capacity of 565,000 cubic ft. per Day.
Sir Robert Horne said Germany's taxation receipts last your only covered 63 percent of her domestic expenditure but they now leave a balance towards Treaty expenditure. He was of opinion that Germany was able and willing to pay considerable sums for re-
Paris, August 3. "parations. if given a respite to put herself in a position to do so. The! Minister dispelled the impression that Earl Balfour's letter was in
A subterraneats oil reservoir is reported to have been discovered the nature of a sugestion that America should cancel Britain's debt. He declared, on the contrer, that payment of debts to America in the forest of Abatilles, near Bordesux. Experts estimate that it
He pointed out that two will produce 365,000 cubic feet per day.
was the foundatio of the letter.
milliard sterling of the National Debt of £7,700,000,000 was not spent on our own behalf, hut lent to the Allies. Illustrating Britain's an-, ancial burden. he showed that America's National Debt represented 17 per head of the population. France's £162 and Britain's £181
During the debate following Sir Robert Horne's statement. Mr.¦ Asquith urged the immediate scaling down of reparations to what is really practicable, saying Britain should forego her share and also forego other indebtedness, not as an act of magnanimity but as a good business.
Mr. Lloyd George's Speech.
MANDATED TERRITORIES.
Lo N. Desires Annual Statistics of Alcoholic Imports.
Geneva, August 3, The Mandates Commission of the League of Nations discussed the question of existing laws of the inhabitants of B and C mandated territories.
It is hoped that mandatories will annually supply the Secretariat with statistics regarding imports of all spirits.
HUGE BRITISH RAILWAY AMALGAMATION. Total Capital of £248,000,000.
London, August 3.
Mr. Lloyd George interposed in the debate, saying he boped the Flease would let him meet M. Poincare with a free band to do his best to come to an arrangement. In the meantime he did not con- ceal the danger of driving Germany to despair. He declared that a revolutionary Germany in the centre of Europe would be a real world pezil, very different from a revolutionary Russia Nevertheless, it would be a mistake to run away from a fair and just claim. Germany was in the position of somebody who put other individuals inta Court. She had chosen the tribunal in which to fight them.
A big step in railway reorganisation is annouated in the from fad lost the verdict and was now being sued for costs, not for vin-i dictive reasons, but because the winning and unwilling parties wish of an amalgamation of the Great Central, the Great Eastern, the to get their cash back. The Premier emphasised the folly of under-Great Northern, the Great North Scotland, the North British, and estimating Germany's capacity, owing to the present trade depras-twenty-six swall companies, with a total capital of £248,000,000. sin. He depicted the possiblity of a trade recovery finding Germany without any internal deb: and with an external debt fixed at a time when things were pretty bad. He compared this to England's seven milliard sterling internal and two milliard sterling external debts. He described the inter-Allied conference of August 7th, as a mosting
London, August 3 of creditors to which all were going on equal terme. Britain was determined to give reasonable and sympathetic consideration to
The "Egypt" enqairy closed to-day, when counsel addressed the devastated France and Belgium. Britain was the last country in the world to be accused of want of sympathy with France or Belgium. We Court, on the conclusion of which the President and unced that the intend to see that everybody gets fair play, to give fairness to Germany Court will consider the caso and hoped to issue its report at the and justice to France but justice also to the people of our own land, earliest date possible.
The Fall of the Mark.
London. August 3.
German marks opened at 4,000 to the £, Germany's reply to France created nervousDPKA. Later buying, influenced by a forecast of the reparations programme, closed at 3,300.
DEATH OF SIR R. VASSAR-SMITH.
A Noted British Banker.
THE EGYPT" DISASTER. Enquiry Concluded.
STATUS OF TANGIER.
Conference in London.
Madrid. August 3.
The Premier's secretary announced that the status of Tangier
fortnight of September.
EARLIER TELEGRAMS.
consequencer, the result being heavy loss of life and the strand- ing of five steamers, including [one of the Indo-China flest (the aa. Tungshing) and another be- longing to the China Navigation Company (the s.s. Shantong).
AMERICA AND THE NOTE.
Very few details are to band, owing to the fact that ordinary Washington, Aug. 3.
telegraphic communication with Official comment on the British Note to the Alles is withheld, Swatow is interrupted: Suck but the private view of hnancial officials inclines to the belief that ass as has been received was the Note was framed mainly with a view to induencing the ap- obtained through the media proaching negotiations between Mr. Lloyd Gerge and M. Poincare. of wireless communication from of the American Debt Commission to recommend legislation next From this it appears that the
is suggested that the Note will possibly confin. the inclination one session reducing the rate of interest and extending the repayment typhoon, which was particularly period of the British debt. Some of the Congressional leaders are severe, did immense damage, cutspokenly opposed to any scheme of cancellation of war debts.
of Jardine's bosts.
particularly to shipping. Nativa Lindon, Aug. 3. craft especially suffered, and it
Nute Balfour
seems is believed that there was a houry While the American response to the summed up in the declaration that Britain«ts scirent and must death-roll amongst the Chinesa.
This morning. by. the pay, French comment is reßecked by the fresh Poincare ultima
of Massis. Jardine, tam to Germany, mentioned yesterday, which threatens to pro-courtesy
Matheson," a Telegraph, reposter duce another grave crisis in Europe. It is reported that prospecwas permitted to see a wirelést
which left port at four o'clock tive French coercive measures include the expulsion of German subjects from Alsace-Larraine, the seizure of their property and message from the a Kwaisang, wholesale confiscations he Rhineland.
Meanwhile, Reuter's i in correspondent says that the Gov. yesterday afternoon and presum ably arrived at Sestow about the nine o'clock this morning. erement is drafting a reply, to M. Poincare contending that
be known before
The messa go states that s threatened sancteins are illegal as it cannet
There was severe typhoon struck Swatów August 3 whether Germany will really default. paralleled pan in the bourses of the chief German cities yester and did extensive damage to prop- day and constercation among the German public and a great rush ferty, there being also heavy loss f wealth with the of life among the native popula- to convert the mark into a more reliable form result that marks were fifteen a perry. Hope coming Anglo-French Conference.
centres
on the tion.
эл common
The Indo-China SteamK Navigation vessel Tungsbing, the China Narigation Company's 8.5. Shantung and three other craft- were driven ashore.
Pane, Arg. 3. The Petit Parisien forecast of M. Poincare's London. programme includes willingness to reduce the total of the German debt condi-
The Kaisang is at present tionally on Germany's demonstration of good faith in paying up
standing by; and leaving för the first fifty milliard gold marks and conditionally cancellation of inter-Allied debts. All indemnity payments should Swalow this afternoon is the 8.3. be devoted purely to reparations, thus, with the exception of Kwongsang. Mr. McMurray, the Belgium's ten per cent, and Italy's one per cent. France would Company's Superintendent Engin- M. Poincare will probably outline more is going to Swatow by the
Kwongsang. receive the whole thereof. stringent measures controlling German finacces. Including stabilizu.
The Hongkong and Whampoa tion of carrency, compelling Germany to hand over a percentage of Dock Company have been inform- capital of industrial concerns, which will serve as a pledge ford of the plight of the stranded loans or be expressly devoted to reparations.
THE AMERICAN STRIKES.
Indianapolis, Aug. 3.
The Governor of Indiana is sending 250 National Gaurdsinen to the coalfields and is proclaiming martial law in districts where it is proposed to mine coal under military protection.
Chicago, Aug. 3.
A meeting of the leading strikers has voted in favour of accept- ing President Harding's proposals for settling the railway strike. Some opposition developed later, and a fight may be made against the note embodying acceptance, when drafted.
CHINA IN PARLIAMENT.
London, Aug. 3.
In the House of Commens Mr. Harmsworth was asked by Mr." Hannon for mora specific information as regards his question as.
river traders by to whether protests had been made to the Chinese Government concerning numerous illegal inposts on British unauthorised bodies in undisturbed parts of the country. Mr. Harmsworth replied in the negative. Mr. L'Estrange alone also asked whether any decision had yet been reached regarding the communication and allocation of the balance of the Boxer Indemnity.
will be discussed at. & conference in London during the second Association instructing garden managers to guard against coarse
THE IRISH OPERATIONS.
London, August 4. The death is announced of Sir Richard Vassar Smith, Bart. [The deceased, who was born in 1843, was Chairman of Lloyd's Bank, Ltd., of Lloyd's and Nations! Provincial Foreign Bank, Ltd.,,
London, August 3. of the Gloucester Railway Carriage and Wagon Co., Ltd., and of the
The Nationals carried out a surprise landing from the sea in the Gloucester Gas Light Co. He was director of Baldwin's, Ltd, Port Talbot Steel Co., Ltd., Brymbo Steel Co., Ltd., British Mannersman vicinity of Fenit: Co. Kerry, in an attempt to frustrate a disembarks. The coup takes the Tube Co. Ltd., the Yorkshire Penny Bank, Ltd., the London and tion of troops which completely failed. Plate Bank, Ltd., and the P. and O. Banking Corporation, Ltd. He Irregular left sok in the rear. was also a member of the Council of Cheltenham College and Chair- man of the Council of St. Hilda's Incorporated Colleges of Oxford and Cheltenham. Formerly he was Chairman of the Committee of the London Clearing Bankers and of the Central Association of Bankers, as well as President of the Council of the Institute of Bankers. An Alderman of Gloucester, he was also a prominent Freemason, being Provincial Grand Master for Gloucestershire.]
BAVARIA MORE AMENABLE.
Government Invites State Premier to Berlin.
Berlin, August 3. The Bavarian reply to President Ebert's latter of the 27th, plt. is conciliatory. President Ebert is inviting Count Larchenfeld to come to Berlin to arrange a settlement.
(The German Government declared invalid certain Bavarian decrees on the ground that they infringed Imperial legislation. The Government pointed to the serious consequences which might attend #Bavarie's refusal to apply Republicanlaw to theright bank of the Rhine
EINSTEIN PREPARING FÓR JAPAN.
Geney, August 3. Prof. Einstein, excusing his absence from the L. o N. Corn- mission for Intellectual Co-operation, "explained the necessity of finishing most urgent work prior to starting for, Japan-
WORLD FLIER DETAINED.
Landon, August 3. Major Blake is detained at Ambala owing to ergice frouble.
ITALY'S GENERAL STRIKE ENDED.
Rome, August The strike has ended,
gsels and are sending the tug Henry Keswick this afternoon,
Owing to the typhoon, the xeamer Hok Canton, whlob left: Hongkoak for Kwang Chow Was on Wednesday, had to put back yesterday when off Macio. Dull- weather and heavy seas are reported.
The Sai Chou, which arrived in port from Kin Hon, vis Tourane, this morning, sad the Empress of Russia, which arrived yesterday afternoon. aiso
report - had weather. The Fmpress met south-west galas in the China Sea
News in To-day's New Advertisements.
"Blackbirds is showing at the World Theatre, this evening. -Page 12.
Jackie Coogan is to be seen la 'Peck's Bad Boy "at the Coronet. -Page 7.
LISTEN!! Advertising promotes all sorts
INDIAN TEA TRADE.
London, Aug. 3.
Indian Tea Owing to practically all the members of the plucking and aim at quality and not quantity, it is zow thought probable that this year's crop will be no more than 85 per cent. of the average production for the last five years-1915-19. London of ideas-including the idea of tea imports from January 1st to July 26th amounted to 194,000,000 |buying. pounds against 195,750,000 in 1921, and the exports 19,750,000 against 15,500,000 pounds.
GOLD IN THE TRANSVAAL
Johannesburg, Aug.” 3. A sensation has been caused by the reported discovery of-a gold belt to the Transvaal, stretching from the border of Bechuanaland to Nystroom. Something like a rush is proceed. ing.
SEAMEN DEMAND BETTER CONDITIONS.
Paris, Aug. 3. The International Seamen's Conference has decided to issue a manifesto demanding a 48 hour week and fixed minimum wage, but has rejected the French proposal of militant action to enforce this demand.
There is a very attractive pro- gramme at the Kowloos Theatre to-night-Page 12
Douglas Fairbanks is appearing in"The Knickerbocker Buckaroo at the Star Theatre-Page 12.
A steno-typist is open for eved- ing engagements.-Page 4.
To-Day's Exchange. The closing rate of the dollar on demand to-day was 26. 7. 1/16d
The Weather
p.m. Baromster:-2961. Tem- perature:-84. Hamidity - 79,
Lighting Up-Time. Lighting-up time tod
AMERICA'S TARIFF HILLAR
Washington, Ang, 3. As a result of agreements reached between the Republican and Democratic leaders, it is considered almost certain that the Tariff Bill will pang this month.
1p.m