1921-01-25 — Page 1

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OVERLAND CHINA MAHÚ

The China Mail.

January 25, 1921. Temparatură 63

二拜禮

ESTABLISHED

Barometer 30.09

Rainfall 0 Lact.

January 23, 1920, Température 32,

No. 18,166.

Hamdity 95

HONGKONG, TUESDAY, JANUARY 25, 1521. 號五廿月正年一十二百九千一英

日七十月二十申庚年九國中

BUSINESS

NOTICES

TO-DAY'S

CABLES.

THE DOLLAR.

To-day's closing rate 210 11/16

(Reuter's Service to the China Mažd

To-day's opening rate 2:10 11/16"

FOR

A. S. WATSON & CO., LTD..

WINE AND SPIRIT MERCHANTS.

གཞི་

JEFFREY'S

CELEBRATED

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BREWED IN SCOTLAND,

Prices per case of 7 dox. $24,00

per dozen.

'Phone 616.

3.50

DRAGON MOTOR CAR CO.

TEL.

CARS

482⭑ 3552.

(THE EUROPEAN GARAGE).

Open and Ulosed FOR

HIRE

TEL

in Hongkong and Kowloon.

HOUSEHOLD COAL

482 3552.

On and after November 1st, 1920, until further notice we are prepared to accept orders for HOUSEHOLD COAL re-screened in Hongkong at the following prices - Delivered to Peak Districi (abare Bowen Road)........$22.00 per ton.

Bowen Road and Lower Level

and Kowloon.-321.00 per ton." TERMS:-CASH WITH ORDER. (CHEQUES PAYABLE TO “KAILAN MINING, ADMINISTRATION")

(+

KAILAN

AGENTS

MINING "ADMINISTRATION

HEAD OFFICE-TIENTSON.

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YEE SANG FAT CO.

"WOLSEY":

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111

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WHISKIES.

MacGregor's' 7.0.9.

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Extra Special Finest Liq neur.| Johnnie Walker Black Label.

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DIAMONDS, WATCHES & JEWELLERY SILVERWARE CUTGLASS, ETO. POPULAR PRICES.

Buy reputable goods from a reputable Arma

J. ULLMANN & 00.

Froch fin, Fat 1850...

PARİS CONFERENCE.

EXPERT ADVICE ON DISARMAMENT OF GERMANY.

MEAGRE OFFICIAL COMMUNIQUES.

PAMS, January 24.

EARLIER TELEGRAMS,

(Reuter's Servics to the China Mail)

"INCOME-TAX DECISION.

«Lozdov, January 24th, The Board of Inland Revenue has ruled

exchange so far made so offers and others exchange is cafavourable to Great Britain stationed in countries' abere, the rats of

are liable to income-tax, and should, be included in the assessments,

A communique states that at the first meeting of the conference Mthas payments as compensation for loss Briand, who welcomed the delegates, briefly outlined the agenda and then proceeded to the question of disarmament where upon the following techical experts were introduced For France, the Minister of War, M. Berthou, and Marshal Foch, assisted by Generals Weygand and Nollet; for Britain, Field Marshal Sir Henry Wilson and General Bingbám : for Belgium, Gene- ral Marietti. Marshal Foch summarieed in conclusion the report of the committee which met at Versailles on December 30 and explained the present situation in Germany aš regards troops and armaments. Generals Bingham, Nollet, and Marietti also spoke.

LATER

I

A communique states that the afternoon meeting lasted three hours The conference decided that military, naval, and air experts should meet to-morrow ander the chairmanship of Marshal Foch to draw up the measures which remain to be taken by Germany to secure complete execution of the Peace Treaty as regards disarmament. These will be reported to the conference.

Tomorrow's sitting will be devoted to an investigation of the ditions in Austria and thereafter to the affairs of Greece and the East.

LESS ACCOMPLISHED THAN HOPED.

The recipients' tocal assessable income will be reached by conversion into sterling at the current effcial rate of exchange of the Chins station and rapees in the Ezi the gross tatal pumber of ruits (dollars on izdies station actually cable in respect of emoluments permally assessable to in- come-tax-

The decision comes into force from April 15. 1920, and applies to all such payments already made. or which fail to be made. 10 both naval and civil personnel in respect of the period beginning then.

FORD MOTOR CO.

LoxDos, January 24th, con-pondent's report tha: Ford Motors are In connection with the New York corres

negotiating for a loan of fifty million daliars, the Times New York corresponden; that financial circles estimate thas the Ford Compasy need abous 23,000,000 to 11.000.000 to pay taxes) and to supply pag off loans (27.000.000 from Hanks and

additional capital, mainly because the Ford Co. have on their hands over £7,000,000

PARTS, Janusty 25. The participants in the conference are reticent but from the fact that the agenda is so arranged as to dispose of the least controversial questions first in the opening days, the meeting has apparently accomplished less than was hoped. It seems that the British favoured consultation with the Germans before confronting the latter with the final disarmament decision, bat M. Briand opposed the other delegates and suggested a compromise, urging the immediate determination of policy but permitting the Germans to state their views regarding matho ds of carrying out the terms. It is generally considered that the last named is most likely to be the course subsequently adopted.

To-morrow's agenda includes the economic reconstruction of Austria in connection with which the French have prepared a scheme upon which the bighest hopes of a favourable agreement are based.

FRENCH SATISFACTION.

PARIS, January 24. French sources indicate that French representatives are quite content with the progress made in the disarmament question. The opinion prevails that an Allied note will grant an extension of two or three months of the time within which Germany must conform to her disarmament undertakings.

LONDON, January 24."

Sir Auckland Geddes is going to Paris to-morrow.

Mr. Winston Churchil has departed for London.

8-HOUR DAY AT SEA.

PARIS, January 24.

INTERNATIONAL SHIPPING FEDERATION CONFERENCE.

A. SIGNIFICANT MEETING.

BRUSSELS, January 24,

At the International Shipping Federation meeting here the British delegates are Messrs. Havelock Wilson and Cuthbert Laws, representing respectively the seamen and the shipowners. The meeting to-day discussed the eight hour day. The meeding is significant because it is the first time in the history of labour that two international organisations of employers and employed have met to discuss terms of agreement relating to condi- tions of labour. It is possible that the conference will not arrive at any binding conclusions as a number of organisations of shipowners and sea farers are not represented, necessitating the calling of a further conference" The main object of the two parties at present is to solve the difficulties which prevented the International Labour Conference, at Genoa, last year from arriving at a draft convenant for submission to the parliaments.

ECONOMIC OUTLOOK.

EUROPE'S ENORMOUS DEBT TO UNITED STATES.

AMERICAR EXPERT'S VIEWS.

WASHINGTON, Januáry 25. Dr. George Warren, professor of economics at Cornell, giving evidence before the House of Representatives ways and means committee, predicted Europe's debt to the United States in 1925 would amount to 20 billion dollars. "He said that European business men now owe American firm nearly four bilions of dollars. Europe must continue to send her products irrespective of the United States import duties. He expressed the opinion that the rate of exchange would not improve yet and would tend to increase the European debt.

U. S. DIPLOMATIO SERVICE.

EMBASSY IN CHINA INSTEAD OF A LEGATION,

WASHINGTON, January 24.

The subcommittee of the House of Representatives, in presenting the budget for the diplomatic and consular service for the ensuing fiscal year; recommended a reduction of 25 per cent. in the estimates on the ground that the emergency committee provides for an embassy in China Instead of legation; also separate legations at Vienna and Budapest in view of the separation of the Austro-Hungrian Empire.

GERMAN SECURITIES IN AMERICS.

WASHINGTON, January 24.

The Supreme Court has upheld the authority of the custodian of allen property to seize securities deposited in the United States by German-in- surance companies to protect their American policy holders.

osta of ensald metor-cars for which there is at present no market. The reduction of the price of Ford cars stinalawed sales for a short time, buy the works were closed at the end of the year.

SIR AUCKLAND GEDDES.

LONDON, January suh. Sir Arekland Geddes has arrived in London

SUBMARINE DISASTER.

LONDON. January 24th. His Majesty the King bas telegraphed to Mr. Walter Long: "I am deeply grieved to hear of the sinking of Sub- marine K5 resulting in the loss of the gallant crew. Please have my heartfelt sympathy conveyed to the relatives of the officers and men who perished.”

"REPARATIONS CONFERENCE.

PARIS. January gith The Allied Conference opened in the his- toria Clock Hall at the Quai d'Orsay. It is the most important conference held since the Armistice. Marshal Foch and Field- Marshal Sir Henry Wilson conferred prior to the opening which indicates that the ques tion of Cisarmament will be probably be first discussed.

PARIS, January 2nd.

A Haras message says:- The papers are laying stress on the hearty ovation which greted the Premier after the eloquent speech in the Chamber. (defin ing the French policy). The papers ascribe the frakness with which . Briand touched upon the difficulties of the present time, and express satisfaction at the face that the Premier is assured of the support of Parliament. M. Briand, they argue, will this have full liberty and authority to speak in France's name at the next Alles conference.

Loxbox, January 24th. of any Allied conference were never higher The French expectations of the outcome than they are to-day

The Echo de Paris says that Germany will be given til May 1st to fulfil her disarmament obligations, after which penalties will be exacted in the event of non-fulfilment of the terms.

The fatin asserts that Earl Curzon, yesterday, remarked to a French personage You will be satisfied with this conference."

The Pelit Parisien says that Mr. Lloyd George insists on the necessity of fixing the sum of Germany's indebtedness immedi ately and once for all.

The Journal declares that this sugers most happily for the success of the negotia tions as it coincides with the view of the French Government,

KED PLOT IN GERMANY.

Loxtos, January. 24th, In connection with the Berlin semi-official statement regarding the discovery of a Red Army organization, it is pointed out here that reports of the discovery of a Red army in Germany constantly recar whenever there is a question of the disarmament of "Germany."

MADAME LOTTIE GORDON'S CONCERT.

Madame Lottie Gordón wishes to announce that the full financial result of Säterday's charity concert will be made known in our issue of

are.. Saturday. All ticket sellers requested kindly to leave returns at Messrs Moutrie's by Thursday morning.

CHAMBERLAIN'S TABLETS, THESE Tablets are intended especially and bowels. If you are tranbird with heartburn, indigestion or constipation they will do you good. For sale by ail Chemists and Storekeepers.

CHRO" EVERY DAY.)

too West's Ne

and the Far East

Prices (Incladire Prinze) to

part of the ward! Six per skram:

PRICE $3.00 Per Month,

BUSINESS NOTIONS

ONE WEEK ONLY

24th

29th.

DENTS GLOVES

ALSO

20% DISCOUNT

BIG REDUCTIONS

- ON-

DRESSING GOWNS, CARDIGANS, MUFFLERS, SLIPPERS,

RUGS.

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