1921-08-09 — Page 8

8

TO-DAY'S CABLES.

(Reuter's Service to the China Mail)

IRISH TEUCE SUSPENSE OVER.

MCKEOWN'S IMMEDIATE RELEASE ORDERED.

A REMARKABLE BELFAST INCIDENT.

PARIS, August 8. A courier from the Sinn Fein Cabinet to-day delivered a message Mr. Lloyd George who has hitherto made no reply.

LONDON, August 8.

Jad

to

TRADE REVIVAL PROSPECTS.

WHAT THE EXPERTS SAY,

THE SHIPPING OUTLOOK.

Panda

With the resumption of work in the coal mines experts are generally predicting a revival of trade provided industrial coal can be obtained at low engagh price. The question of cheap coal is now, indeed, of paramount importance, iron and steel manufactures declaring that foreign competition cannot be met until they obtain fuel at 15s or 20s per ton.

WORLD DEMAND FOR GOODS.

Cabt. G. F. Jeanes, the assistant director of the Imperial Commercial Association, stated in an interview - "As far as we know the countries

We have the

THE CHINA MAIL.

“VICTORY'S" PERIL.

· NELSON'S ·FLAGSHIP FALLS ON EVIL DAYS.

FRENCH BANK FAILURE.

SERIOUS EFFECT IN CHINA.

**PUTNAM WEALE'S VIEWS.

be must

Mr. B. Lenox Simpson, Adviser to the Chinese Government, wrote to B Home paper in mail week :--

Lord Nelson's famous flagship-the most richly historic vessel in the world is decaying fast. Dry rot has

The failure of the Banque Indust ravaged her old timbers, and accord. ing to the Marquis of Milford Havenrielle de Chine will have an unfortunate she is in real peril of sinking at her effect on many enterprises in China-- moorings in Portsmouth Harbour. mainly French or French controlled. The naval authorities at Ports Established only, eight years ago and mouth deny that the danger is granted special privileges in Chins serious and immediate as this, but by Presidential mandate, one-third they at least agree that the "Victory" stands in need of repairs and removz. of the paid up capital, was nominally tions. If she is to keep afloat in her contributed by the Chinese Gareru old proud position in the harbourment. In common with all European patched ubanks in China, it had a note issue she

Yet, speedily.

according to which must run into many millions the official explanation, the of dollars and is largely in the hands Admiralty has no funds out of which of the Chinese commercial community. to pay for the preservation of Nelson's From the credit standpoint this is the. Aagship on a proper scale! most serious aspect of the failure Admiralty in action would throw the It will definitely lower the standard cost of preserving the vessel up in of the foreign banknote throughout private generosity, and already the China. The vast number of Chinese Society of Nautical Research has decided to obtain estimates, of the deposits affected is another very serious matter. The Banque In- One finds the old ship frail, though dustrielle gave fairly heavy interest current accounts, and there is dry and well looked after. She does on not appear to have sprung a leak reason to believe that the Chinese anywhere, but her timbers are rapidly customers accounts ran into several rotting. She needs to be thoroughly hundred million francs. A great deal overhauled in the dockyard basin of Chinese Government paper is also Rough guesses of the sure required to affected, for large blocks of Treasury put her in order vary by thousands bills and domestic bonds were deposit of pounds. This is because there is ed with it, and some of the proceeds disagreement over the extent of the LONDON, August 8.

repairs wanted. Members of the of a very large Chinese industrial issué Society of Nautical Research have made in France will also be lost. suggested that the hull of the vessel! would need to be cased in cement or steel

of the world are all wanting mana factured goods. There should be plenty of orders. factories, we have the men, and we have the coal now that the miners are going back to work again. The only thing for the revival of trade is work, with a capital 'W' and cheap coal."

McKeown will be released immediately. [A yesterday's cable stated The Government's decision to release all the members of the Sion Fein Parliament except McKeown who was con- victed of murder has created a grave situation in Ireland. Dail Eirean sat to a late hour on Saturday after which it was authoritatively declared that unless McKeown were released there was a possibility that Sinn Fein would almost immediately terminate the truce. It is understood that telegrams have been exchanged between Sinn Fein and Downing Street and thata special courier has been despatched from Dublia to Mr. Lloyd George.)

COURIER'S SUCCESSFUL MISSION.

LONDON, August 8. Mr. McKeown was released this evening as his continued imprison- tent threatened to wreck the Irish truce. Mr. De Valera made a state-revival in the boot and shoe industries ment before his release that he did not expect that the refusal of release was the considered judgment of the English Cabinet but merely an act of Home subordinate. It is understood that McKeown's release was not specially considered by the Cabinet and the mission of the Sinn Fein courier who went to Paris to see Mr. Lloyd George ended happily.

JJUDK

OSINN FEINER APOLOGISES TO WOUNDED CONSTABLE. "There was a remarkable sequel to the shooting of a constabie in Ballast on Saturday, when Mr. O'Duffy, the Sinn Fein truce cfficer for galled at the hospital and apologised. He said that two civilian assailants on patrol duty were carrying arms in defiance of the probibition, their excuse being that they were passing a hostile district.

20

JAPAN ALLIANCE AND INDIA.

Discussing the prospects of a one of the leading manufacturers in the course of an interview said that the trade being a seasonal one and little uncertain it was difficult to

labour and other conditions still at

make a definite pronouncement.

There were, however," he added, "distinct signs of quite a big revival just presions to the coal stoppage. Surplus stocks of both private and Governmen: goods were becoming rapidly exhausted, and manufacturers of new orders. Then came the coal were beginning to feel the advantage dispute, which besides aggravating unemployment generally, created an atmosphere of nervousness, which had a tendency to held back buyers, except those under an absolute neces- sity to purchase.

"With the stabilising of the labour situation, however, I quite anticipate! In the House of Commons, Mr. Cecil Harmsworth, Under Secretary for that the spring revival will re assert itself as soon as wages become Foreign Affairs, replying to Sir J. D. Rees, asserted that

a regular thing in the households. the Anglo-Japanese Treaty did no provide for Japanese

There is also a big-shortage of assistance to Britam in the event of internal disturbances in India. Sir J. boots on the Continent, and plenty D. Rées said that on the contrary it was se recently stated that it is of orders are in hand and will be almost believed, with very serious consequences. Mr. Cecil Harmsworth fulfilled when there is guarantee of emphasised that the report was without foundation.

SERIOUS CONSEQUENCES FROM GROUNDLESS REPORT.

Va

LONDON, August &

£1,000,000 TIMBERYARD BLAZE.

FIRE FOLLOWS DISTURBANCE BY WORKLESS THOUSANDS.

LONDON, August 8. Glickster's timberyard at Stratford, Londen, with an area of 21 acres the largest in the United Kingdom-and stocks valued at £1,000,000, was practically destroyed by fire to-day after a disturbance by some thousands of men who applied but were unable to obtain work. The yard at midday was one huge flame, 200 feet in high places.

HOME CRICKET.

AUSTRALIANS' BIG LEAD FROM WARWICKSHIRE.

LONDON, August 8.

- At Birmingham the weather was unsettled and the wicket soft. There were 9,000 spectators. Warwickshire made 133. Armstrong took five wickets for 33. The Australians made 312 for seven. Bardsley made 75 with vigorous play, knocking twelve fours. He played for 65 minutes, Macartney made 72 in 110 minutes, including eight fours made 50 not out.

JAPANESE EMIGRATION.

NO PREFERENTIAL RIGHTS IN CHINA.

Armstrong

LONDON, August 8.

In the House of Commons. Mr. W. Forrest asked whether it had been suggested that Japan's disabilities as to the righ; of emigration into British Columbia had given her certain preferential rights in China, more especially those specific provinces. Mr. Austen Chamberlain replied that the Govern. ment was unaware of any such suggestion.

JUGO-SLAV COMMUNISTS.

53 MEMBERS OF PARLIAMENT ARRESTED.

PARIS, August 8.

Le Journal"; Belgrade correspondent reports that 53 Communist mem, bers of the Jugo-Slay parliament have been arrested.

PROFITEERING IN FRANCE.

cost.

But some of

the Portsmouth authorities differ. "She is no worse now than she has been for years past."

said опе Daval officer "She 19 good Idr another

It must not be supposed, however, that, deplorable as is this event, Chinese credit will in any wise be affected. The mainstay of Chinese finance today, is not the European bank-which is primarily concerned with exchange banking at the treaty

quarter of a century. Break-up and Ports--but the Chinese banking. decay is the lot of ships just as it is group, organised in opposition to the of men, and cannot be escaped. Consortium, and consisting of thirty- Certainly the "Victory could do with two modern Chinese banks headed some mending and patching, and in by the two Government bank, the that way she badly needs to have Bank of China and the Bank of Com- munications. The banking group has its headquarters in Peking and Shanghai hai, and is growing rapidly in strength, with the extension of the modern

The total I credit system.

money spent on her."

Certainly if there were an appeal to the nation to restore the vessel it would win the warmest response, but, as the most caustic of the mariners, said: "The "Victory" des payment."

erves to be the old-age pensioner of FIVE YEARS' STEEL WASTAGE. the State. It would be a scandal In the course of an interview ani that she should be kept alive by official of the National Iron and Steel; private charity. Don't you think Manufacturers' Federation said that's what Nelson himself would

There is a large world demand i have thought?” for steel, but it is potential rather i than actual at the present. The whole! thing is a question of price. Coal at 20s per ton, or some say 159 per tan, would go a long way to convert that potential into an actual demand

Before the war, in 1913, the world output of steel was 76,000,000 tons; in 1920 it was only 65,000,000. In 1913, again, the steel exporting countries of the world exported, in rough figures, 13,000,000 tons; in 1920 the figure fell to less than

10,000,000 tons.

Now, during five years' warfare we were using vast quantities of steel destructively. That war wastage, combined with the low production of to-day, has made a very acue shortage of steel in the world markets, which will have to be made good- and soon."

ENGINEERING BOOM NEXT YEAR.

Mr. T. W. How, MI. Mech. E, chairman of the Engineering Section

of the London Chamber of Commerce in an interview, said "The general

sources of the thirty-two institutions were estimated this spring at 1,000 million Republicar dollars, say £125,- 000.000 sterling, and increasing rapid- ly. The Governors of, the Bank of China were, organising a great drive this summer throughout the length Goerz's rall flms and film packs, and breadth of China to whip up both in ordinary and odd sizes, are deposits and discourage hoarding. naw obtainable at Mestra. A. Tack The Statistical Department of the and Co, according to an advertise Bank of Chins had just completed ment in this issue inserted by Messrsresearches into the disappearance of Hall Law and Co., the sole agents.

silver coin by hoarding in Manchuria and in the metropolitan province of Chibli.. They estimated that in each area from 10 to 15 million silver dollars had been withdrawn andi

excels, and its greater efficiency and durability will always command a higher price than that asked by hidden since the coining of the Yuan- foreign competitors. Taking this Shi-Kai dollar had. commenced on into consideration. I am of opinion a large scale in 1914, and that, there- that efforts towards lowering the cost fore, in the twenty-two provinces of production must tend to place there might be anywhere from British engineering goods on an econ- 100 to 200 million dollars in omically sound basis as regards cash which the restoration of public foreign competition."

confidence would draw out. CHINA'S FINANCES.

SHIPPING FROSPECTS.

TUESDAY, AUGUST

1921

DAIRY FARM NEW

FRESH AUSTRALIAN BUTTER. "Daisy Brand "Dairy Maid" "Pastry

71

Gouda (Full Cream) Australian :Cheddar Picnic (own make) Coulommier (own ́nake)...

Fillets

Baddocks

Kippera

Red Herrings

$1.45 per

1.36

1.16

CHEESE

$1.25 per

1.00

.60 & J

.40 per

FISH

$ .8: per

.70

.60 12

..30 21

THE DAIRY FARM, IOE & COLD STORAGE Co.

SECOND WEEK

WHITEAWAY

SUMMER SALE

We have made further reductions on numerou lines for this week. Our sale is not a short is in the pan but a genuine clearance on all good No exceptions, which will last till August 31sɛ SEE OUR WINDOWS

1,450 MEN'S STRIPED ZEPHYR SHIRTS

"Duro dye. Good palteras. Soft double cuff

£izes. Usual Prices

All

N TE

SALE

PRICE.

$4.50 to $6.7

$2.00

BACK

WHILE THEY LAST THOUSANDS OF OTHER BARGAIN

WHITEAWAY, LAIDLAW & CO., LT

HONGKONG.

*A revival of shipping depends. These matters closely concern the in the country will be coined into almost entirely on a revival of trade," failure of the Banque Industrielle, dollars, and the commercial money! said the manager of one of the for the tendency is for purely Chinese of account will become dollars instead Hargest cargo-liner

fleets. The banks to replace European banks, of the obsolete taels. essentials of a trade revival are pro- The Chinese banking group is already duction at home at a figure which

There is no doubt that one of the

PASSENGERS.

ARRIVALS.

Ase Setar-

impression is that as the labour trou. will attract customers; a practical making loans to the Treasury for results of the Banque Industrieller als Die" or Satzung bles adjust themselves, there will be arrangement in connection with production purposes, and found the failure will be to deepen the Chinese Arenell, Mrs Mary Crapnell, Mal a revival in the engineering trade foreign credits, which should tend to money-2 million dollars-necessary opposition to the Consortium and stance Crapnell. Ms Vera Crapat V. Barbey, Mr Locis de Rom It will, however, be very gradual ati stabilise foreign exchanges; the for the new giant mint at Shanghai, to have the nation insist on a

nur which will be the biggest in the world strict limit being placed on foreign Kenneth Griffin. Mr R. P. Lin

Stoars Dracoa, Ma Oridin first, but I think it should culminate restoration of confidence in next year in something approaching customers, confidence, that is, and have an immediate capacity of banknote issues. The fire seems John H. N. Nibil, Mr C # a boom. The price of engineering that strikes will not prevent the 500,000 coins a day, with an ultimate apposite for the British Government Hre Stevenson. Miss Erleen Støv commodities will sympathetically fulfilment of contracts.

extension to 1 million units per to review the whole financial and Miss Inon Stevensoo, Miss W. recode with decreased working costs. The tremendous overplus of twenty-four hours, should this prove fiscal position in China, for Britain's dress, Mrs T. Miller, Mr Harold

ton, Mildred Thornhill, my G "The question of surplus stocks, shipping afloat in the world should be essential.

prestige depends on her taking the Large, Mr Stanley Harris, iss manufactured under conditions of met by keeping building at a minimum. China, in spite of the so-called cad in all such matters. The double Logan Mr and Ms E. B. Petersen high costs may perhaps present initial Cost of repairs at well as buildihe difficulties in bringing down prevall must still be reduced materially, bankruptcy of the Government, is or 10 per cent. tariff, which I have

DEPARTURES. ing prices, but I think there will as they have an important bearing very rich, and the only country in the already advocated, is one very neces be a tendency to reduce profits and on the cost of operation, both in cost world to-day run on a purely cash eary step; another is giving support, dispose of existing stocks expeditious of upkeep and insurance. Bunker basis. Vast and growing stores of to silver banking Consortium, Per a&Nile." for Shanghai: ly in order to create room for larther fuel must come down to 25s a ton. silver-estimated at 800,000,000 un-namely, agreeing to British exchange W. M. Baker, Miss M. R. Law and production. Once the demand is "The position in connection with its-are to be found in the country, banka domiciled in China being Marcos, Me 8. G. Grace, Miss à created it is the wisest policy further shipping can only be reflected by the and the Chinese banking group is authorised (in spite of the New York Misolacao, Lient. Moc A. T. Gillespie, Miss Beadura, Mr to stimulate that demand by, when state of trade as far as goods are adopting the deliberate policy making Consortium Agreement) to join with Bernard. He 8. Capucher, Ma ever possible, a system of mass pro- concerned. When we are importing what are virtually sub-Treasuries in the Chinese banking group for Govern Grigge, Mr. Gaines, Mr. M. W. duction, by which the prices of com raw materials and exporting manu places of complete safety for instance, ment issue for production purposes per. Mr E. F. Mackey, Mrs d. 80 Miss Petersen, Mr Youtros, Mér Cr modities can alone be lowered and factures in volume there must of Shanghai, Hankow, and Tientsin secured on such revenues as Customs Mr and Mrs. G. Safershayan, M thus preserve or even strengthen the viously be employment for ships Here the lyer reserves of the spintry and salt wurpluses. It is indeed Bock, Fey. B. Ignace. For Ban F

But it is going to take the best part

wage status of the workers.

PARIS, August 6. The Government is considering very stern measures to curb profiteer. ing, especially is meat.--Vale.

over th

It should not be forgotten more at two years before ships can be are being slowly accumulated. 4 possible to turn this first-class bank-co: Mr W. Drode, Mr B G T

F. M. van Oudenhoven, číre and in certain branches of operated to earn enough to cover de soon as the giant mint is working ing disaster to account and to bring Zucornikoff, Mir A Mours wach engineer British workmanship preciation and interest on capital."next year, all the bullion and sycee good out of evil

King.

BRINGING

MAGGIE'S AWAKE

I'LL THROW ME HAT

IN - IF IT STAYS IN

I'LL GOIN

ALL RIGHT - I

WONDER IF SHE

IS ANGRY?

UP

FATHER"

"HOW TO"

WELL

SIR?

NO- WANNA SIT A ROOM

FER THE NIGH} I'M NOT GOIN'

HOME!!

BRVICE, INC.

5-9.